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Condensed Consolidated Statements of Cash Flows (USD $)
3 Months Ended
Jun. 30, 2013
Jun. 30, 2012
OPERATING ACTIVITIES    
Net earnings $ 808,359 $ 2,091,854
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation 456,898 450,297
Provision for deferred taxes (102,845) (27,652)
Change in postretirement benefits 22,353 22,354
Decrease (increase) in operating assets:    
Accounts receivable 579,356 4,645,039
Inventories 7,197,984 1,913,505
Other current assets 92,311 79,393
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses (6,851,767) (7,157,273)
Contribution to profit sharing plan 52,500 52,500
Employee compensation and related expenses (62,729) 10,588
Income taxes payable   842,471
Deferred credit for LIFO inventory replacement 54,625  
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,247,045 2,923,076
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (14,590) (90,573)
Proceeds from sales of assets   42,375
Increase in cash surrender value of officers' life insurance (15,500) (15,500)
NET CASH USED IN INVESTING ACTIVITIES (30,090) (63,698)
FINANCING ACTIVITIES    
Cash dividends paid (543,956) (883,928)
NET CASH USED IN FINANCING ACTIVITIES (543,956) (883,928)
INCREASE IN CASH 1,672,999 1,975,450
Cash at beginning of period 15,923,294 11,881,548
CASH AT END OF PERIOD $ 17,596,293 $ 13,856,998