Segment Information

6 Months Ended

Sep. 30, 2014

Segment Information

NOTE C — SEGMENT INFORMATION (in thousands)

	Three Months Ended September 30,						Six Months Ended September 30,
	2014			2013			2014			2013
Net sales
Coil	$	21,275		$	14,678		$	39,182		$	31,841
Tubular		10,269			11,632			20,267			24,052
Total net sales	$	31,544		$	26,310		$	59,449		$	55,893
Operating profit (loss)
Coil	$	410		$	(700	)	$	6		$	(522	)
Tubular		1,325			1,107			2,097			2,757
Total operating profit		1,735			407			2,103			2,235
Corporate expenses		611			375			1,072			1,064
Interest & other income		(15	)		(16	)		(31	)		(31	)
Total earnings before taxes	$	1,139		$	48		$	1,062		$	1,202

	September 30, 2014		March 31, 2014
Segment assets
Coil	$	26,667	$	22,308
Tubular		36,181		33,795
		62,848		56,103
Corporate assets		8,354		16,181
	$	71,202	$	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, accrued profit sharing expense, corporate insurance expenses and office supplies. Corporate assets consist primarily of cash and the cash value of officers’ life insurance.