Segment Information

3 Months Ended

Jun. 30, 2014

Segment Information

NOTE C — SEGMENT INFORMATION (in thousands)

	THREE MONTHS ENDED JUNE 30,
	2014			2013
Net sales
Coil	$	17,906		$	17,163
Tubular		9,999			12,419
Total net sales	$	27,905		$	29,582
Operating profit (loss)
Coil	$	(404	)	$	178
Tubular		772			1,650
Total operating profit		368			1,828
Corporate expenses		460			689
Interest & other income		(15	)		(15	)
Earnings (loss) before income taxes	$	(77	)	$	1,154

	June 30, 2014		March 31, 2014
Segment assets
Coil	$	24,451	$	22,308
Tubular		34,016		33,795
		58,467		56,103
Corporate assets		11,901		16,181
	$	70,368	$	72,284

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.