Note E - Segment Information

9 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE E — SEGMENT INFORMATION (in thousands)

	Three Months Ended December 31,						Nine Months Ended December 31,
	2015			2014			2015			2014
Net sales
Coil	$	15,203		$	15,981		$	52,838		$	55,162
Tubular		3,345			7,572			12,845			27,840
Total net sales	$	18,548		$	23,553		$	65,683		$	83,002
Operating profit (loss)
Coil	$	1,817		$	416		$	4,858		$	422
Tubular		(977	)		128			(2,324	)		2,225
Total operating profit		840			544			2,534			2,647
Corporate expenses		473			261			1,683			1,333
Interest & other income		(329	)		(15	)		(363	)		(46	)
Total earnings before taxes	$	696		$	298		$	1,214		$	1,360

	December 31, 2015		March 31, 2015
Segment assets
Coil	$	26,503	$	21,249
Tubular		37,819		42,144
		64,322		63,393
Corporate assets		5,359		3,565
	$	69,681	$	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, accrued retirement plan expense, corporate insurance expenses and office supplies. Corporate assets consist primarily of cash and the cash value of officers’ life insurance.