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Condensed Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Dec. 31, 2013
Dec. 31, 2012
OPERATING ACTIVITIES    
Net earnings $ 1,323,486 $ 4,886,241
Adjustments to reconcile net earnings to cash provided by operating activities:    
Depreciation 1,368,300 1,340,697
Provision for deferred taxes (149,136) (69,513)
Provision for postretirement benefits 52,430 67,059
Decrease (increase) in operating assets:    
Accounts receivable, net 4,098,851 9,596,924
Inventories 1,191,698 3,846,976
Other (135,912) (748,028)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses (4,478,860) (7,464,299)
Contribution to profit-sharing plan 157,500 157,500
Employee compensation and related expenses (215,890) (272,218)
Income taxes payable   (98,464)
NET CASH PROVIDED BY OPERATING ACTIVITIES 3,212,467 11,242,875
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (368,097) (466,218)
Proceeds from sales of assets   42,375
Increase in cash surrender value of officers' life insurance (46,500) (46,500)
NET CASH USED IN INVESTING ACTIVITIES (414,597) (470,343)
FINANCING ACTIVITIES    
Cash dividends paid (1,631,868) (6,051,505)
NET CASH USED IN FINANCING ACTIVITIES (1,631,868) (6,051,505)
INCREASE IN CASH 1,166,002 4,721,027
Cash at beginning of period 15,923,294 11,881,548
CASH AT END OF PERIOD $ 17,089,296 $ 16,602,575