Segment Information

9 Months Ended

Dec. 31, 2013

Segment Information

NOTE C — SEGMENT INFORMATION (in thousands)

	Three Months Ended December 31,						Nine Months Ended December 31,
	2013			2012			2013			2012
Net sales
Coil	$	14,554		$	15,636		$	46,394		$	49,188
Tubular		13,721			16,084			37,773			55,301
Total net sales	$	28,275		$	31,720		$	84,167		$	104,489
Operating profit (loss)
Coil	$	(389	)	$	104		$	(911	)	$	732
Tubular		1,584			2,015			4,341			8,437
Total operating profit		1,195			2,119			3,430			9,169
Corporate expenses		470			418			1,534			1,926
Interest & other income		(15	)		(15	)		(46	)		(43	)
Total earnings before taxes	$	740		$	1,716		$	1,942		$	7,286

	December 31, 2013		March 31, 2013
Segment assets
Coil	$	24,387	$	29,780
Tubular		29,054		29,834
		53,441		59,614
Corporate assets		18,192		16,961
	$	71,633	$	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.