Segment Information

6 Months Ended

Sep. 30, 2013

Segment Information

NOTE C — SEGMENT INFORMATION (in thousands)

	Three Months Ended September 30,						Six Months Ended September 30,
	2013			2012			2013			2012
Net sales
Coil	$	14,678		$	16,722		$	31,841		$	33,552
Tubular		11,632			16,612			24,052			39,217
Total net sales	$	26,310		$	33,334		$	55,893		$	72,769
Operating profit (loss)
Coil	$	(700	)	$	274		$	(522	)	$	628
Tubular		1,107			2,736			2,757			6,422
Total operating profit		407			3,010			2,235			7,050
Corporate expenses		375			556			1,064			1,508
Interest & other income		(16	)		(16	)		(31	)		(28	)
Total earnings before taxes	$	48		$	2,470		$	1,202		$	5,570

	September 30, 2013		March 31, 2013
Segment assets
Coil	$	25,363	$	29,780
Tubular		32,508		29,834
		57,871		59,614
Corporate assets		15,055		16,961
	$	72,926	$	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, accrued profit sharing expense, corporate insurance expenses and office supplies. Corporate assets consist primarily of cash and the cash value of officers’ life insurance.