XML 29 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Cash flows (USD $)
9 Months Ended
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES    
Net earnings $ 835,049us-gaap_NetIncomeLoss $ 1,323,486us-gaap_NetIncomeLoss
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation 1,367,550us-gaap_Depreciation 1,368,300us-gaap_Depreciation
Provision for deferred taxes (92,482)us-gaap_DeferredIncomeTaxExpenseBenefit (149,136)us-gaap_DeferredIncomeTaxExpenseBenefit
Provision for postretirement benefits 57,624us-gaap_PensionAndOtherPostretirementBenefitExpense 52,430us-gaap_PensionAndOtherPostretirementBenefitExpense
Decrease (increase) in operating assets:    
Accounts receivable, net 4,307,687us-gaap_IncreaseDecreaseInAccountsReceivable 4,098,851us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (15,531,519)us-gaap_IncreaseDecreaseInInventories 1,191,698us-gaap_IncreaseDecreaseInInventories
Other (111,551)us-gaap_IncreaseDecreaseInOtherOperatingAssets (135,912)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses 6,270,504us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (4,478,860)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Contribution to profit-sharing plan 137,500frd_IncreaseDecreaseInDeferredCompensationCashBasedArrangementsLiability 157,500frd_IncreaseDecreaseInDeferredCompensationCashBasedArrangementsLiability
Employee compensation and related expenses (174,349)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities (215,890)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (2,933,987)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 3,212,467us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (4,732,511)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (368,097)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Increase in cash surrender value of officers' life insurance (45,750)us-gaap_PaymentsToAcquireLifeInsurancePolicies (46,500)us-gaap_PaymentsToAcquireLifeInsurancePolicies
NET CASH USED IN INVESTING ACTIVITIES (4,778,261)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (414,597)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
FINANCING ACTIVITIES    
Cash dividends paid (407,967)us-gaap_PaymentsOfDividendsCommonStock (1,631,868)us-gaap_PaymentsOfDividendsCommonStock
NET CASH USED IN FINANCING ACTIVITIES (407,967)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (1,631,868)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
INCREASE (DECREASE) IN CASH (8,120,215)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1,166,002us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash at beginning of period 15,081,024us-gaap_CashAndCashEquivalentsAtCarryingValue 15,923,294us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AT END OF PERIOD $ 6,960,809us-gaap_CashAndCashEquivalentsAtCarryingValue $ 17,089,296us-gaap_CashAndCashEquivalentsAtCarryingValue