Condensed Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Mar. 31, 2014
CURRENT ASSETS:
Cash	$ 6,960,809	$ 15,081,024
Accounts receivable, net of allowances for bad debts and cash discounts of $27,276 at December 31 and March 31, 2014	5,039,602us-gaap_AccountsReceivableNetCurrent	9,347,289us-gaap_AccountsReceivableNetCurrent
Inventories	50,820,078us-gaap_InventoryNet	35,288,559us-gaap_InventoryNet
Other	241,347us-gaap_OtherAssetsCurrent	129,796us-gaap_OtherAssetsCurrent
TOTAL CURRENT ASSETS	63,061,836us-gaap_AssetsCurrent	59,846,668us-gaap_AssetsCurrent
PROPERTY, PLANT AND EQUIPMENT:
Land	1,412,719us-gaap_Land	1,410,689us-gaap_Land
Buildings and yard improvements	8,132,755us-gaap_BuildingsAndImprovementsGross	7,113,482us-gaap_BuildingsAndImprovementsGross
Machinery and equipment	35,484,369us-gaap_MachineryAndEquipmentGross	31,773,161us-gaap_MachineryAndEquipmentGross
Less accumulated depreciation	(30,302,151)	(28,934,601)
Property, Plant and Equipment, Net, Total	14,727,692us-gaap_PropertyPlantAndEquipmentNet	11,362,731us-gaap_PropertyPlantAndEquipmentNet
OTHER ASSETS:
Cash value of officers' life insurance and other assets	1,120,750	1,075,000
TOTAL ASSETS	78,910,278us-gaap_Assets	72,284,399us-gaap_Assets
CURRENT LIABILITIES:
Accounts payable and accrued expenses	13,476,844	7,206,340
Dividends payable	135,989us-gaap_DividendsPayableCurrent	135,989us-gaap_DividendsPayableCurrent
Contribution to profit-sharing plan	190,000	52,500
Employee compensation and related expenses	201,511	375,860
TOTAL CURRENT LIABILITIES	14,004,344us-gaap_LiabilitiesCurrent	7,770,689us-gaap_LiabilitiesCurrent
DEFERRED INCOME TAXES	97,516	189,998
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	1,070,680	1,013,056
STOCKHOLDERS' EQUITY:
Common stock, par value $1: Authorized shares - 10,000,000 Issued shares - 7,975,160 at December 31 and March 31, 2014	7,975,160us-gaap_CommonStockValue	7,975,160us-gaap_CommonStockValue
Additional paid-in capital	29,003,674	29,003,674
Treasury stock at cost (1,175,716 shares at December 31 and March 31, 2014)	(5,475,964)us-gaap_TreasuryStockValue	(5,475,964)us-gaap_TreasuryStockValue
Retained earnings	32,234,868	31,807,786
TOTAL STOCKHOLDERS' EQUITY	63,737,738us-gaap_StockholdersEquity	63,310,656us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 78,910,278	$ 72,284,399

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- Definition

The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 30

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656

+ Details

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