Segment Information

6 Months Ended

Sep. 30, 2012

Segment Information [Abstract]

SEGMENT INFORMATION

NOTE C — SEGMENT INFORMATION (in thousands)

	Three Months Ended September 30,						Six Months Ended September 30,
	2012			2011			2012			2011
Net sales
Coil	$	16,722		$	15,710		$	33,552		$	31,140
Tubular		16,612			26,330			39,217			49,835
Total net sales	$	33,334		$	42,040		$	72,769		$	80,975
Operating profit
Coil	$	274		$	329		$	628		$	—
Tubular		2,736			3,867			6,422			7,783
Total operating profit		3,010			4,196			7,050			7,783
Corporate expenses		556			736			1,508			1,586
Interest & other income		(16	)		(15	)		(28	)		(33	)
Total earnings before taxes	$	2,470		$	3,475		$	5,570		$	6,230

	September 30, 2012		March 31, 2012
Segment assets
Coil	$	22,611	$	26,260
Tubular		31,977		39,446
		54,588		65,706
Corporate assets		21,694		12,864
	$	76,282	$	78,570

Corporate expenses reflect general and administrative expenses not directly associated with segment operations and consist primarily of corporate executive and accounting salaries, professional fees and services, bad debts, accrued profit sharing expense, corporate insurance expenses and office supplies. Corporate assets consist primarily of cash and the cash value of officers’ life insurance.