Segment Information

3 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segment Information

NOTE D — SEGMENT INFORMATION (in thousands)

	THREE MONTHS ENDED JUNE 30,
	2015			2014
Net sales
Coil	$	19,348		$	17,906
Tubular		4,621			9,999
Total net sales	$	23,969		$	27,905
Operating profit (loss)
Coil	$	2,155		$	(404	)
Tubular		(637	)		772
Total operating profit		1,518			368
Corporate expenses		729			460
Interest & other income		(17	)		(15	)
Earnings (loss) before income taxes	$	806		$	(77	)

	June 30, 2015		March 31, 2015
Segment assets
Coil	$	22,608	$	21,249
Tubular		39,143		42,144
		61,751		63,393
Corporate assets		5,143		3,565
	$	66,894	$	66,958

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.