Segment Information

3 Months Ended

Jun. 30, 2013

Segment Information

NOTE C — SEGMENT INFORMATION (in thousands)

	THREE MONTHS ENDED JUNE  30,
	2013			2012
Net sales
Coil	$	17,163		$	16,830
Tubular		12,419			22,605
Total net sales	$	29,582		$	39,435
Operating profit
Coil	$	178		$	354
Tubular		1,650			3,686
Total operating profit		1,828			4,040
Corporate expenses		689			952
Interest & other income		(15	)		(12	)
Earnings before income taxes	$	1,154		$	3,100

	June 30, 2013		March 31, 2013
Segment assets
Coil	$	20,244	$	29,780
Tubular		31,051		29,834
		51,295		59,614
Corporate assets		18,657		16,961
	$	69,952	$	76,575

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, profit sharing expense, corporate insurance expenses and office supplies. Corporate assets consist primarily of cash and the cash value of officers’ life insurance.