Segment Information

9 Months Ended

Dec. 31, 2012

Segment Information

NOTE C — SEGMENT INFORMATION (in thousands)

	Three Months Ended December 31,						Nine Months Ended December 31,
	2012			2011			2012			2011
Net sales
Coil	$	15,636		$	18,851		$	49,188		$	49,991
Tubular		16,084			18,136			55,301			67,971
Total net sales	$	31,720		$	36,987		$	104,489		$	117,962
Operating profit
Coil	$	104		$	446		$	732		$	446
Tubular		2,015			2,669			8,437			10,452
Total operating profit		2,119			3,115			9,169			10,898
Corporate expenses		418			426			1,926			2,012
Interest & other income		(15	)		(15	)		(43	)		(48	)
Total earnings before taxes	$	1,716		$	2,704		$	7,286		$	8,934

	December 31, 2012		March 31, 2012
Segment assets
Coil	$	24,575	$	26,260
Tubular		26,887		39,446
		51,462		65,706
Corporate assets		18,263		12,864
	$	69,725	$	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.