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Condensed Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Dec. 31, 2012
Dec. 31, 2011
OPERATING ACTIVITIES    
Net earnings $ 4,886,241 $ 5,945,569
Adjustments to reconcile net earnings to cash provided by operating activities:    
Depreciation 1,340,697 1,377,598
Provision for deferred taxes (69,513) (68,025)
Provision for postretirement benefits 67,059 57,147
Decrease (increase) in operating assets:    
Accounts receivable, net 9,596,924 341,565
Inventories 3,846,976 5,857,007
Other (748,028) (91,880)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses (7,464,299) 1,939,048
Contribution to profit-sharing plan 157,500 150,300
Employee compensation and related expenses (272,218) (362,418)
Income taxes payable (98,464) (350,961)
Deferred credit for LIFO inventory replacement   363,623
NET CASH PROVIDED BY OPERATING ACTIVITIES 11,242,875 15,158,573
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (466,218) (309,270)
Proceeds from sales of assets 42,375  
Increase in cash surrender value of officers' life insurance (46,500) (45,750)
NET CASH USED IN INVESTING ACTIVITIES (470,343) (355,020)
FINANCING ACTIVITIES    
Cash dividends paid (6,051,505) (2,515,794)
NET CASH USED IN FINANCING ACTIVITIES (6,051,505) (2,515,794)
INCREASE IN CASH 4,721,027 12,287,759
Cash at beginning of period 11,881,548 7,210,290
CASH AT END OF PERIOD $ 16,602,575 $ 19,498,049