Note E - Segment Information

3 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE E — SEGMENT INFORMATION (in thousands)

	THREE MONTHS ENDED JUNE 30,
	2016			2015
Net sales
Coil	$	18,999		$	19,348
Tubular		3,395			4,621
Total net sales	$	22,394		$	23,969
Operating profit (loss)
Coil	$	(1,515	)	$	2,155
Tubular		(274	)		(637	)
Total operating profit (loss)		(1,789	)		1,518
Corporate expenses		557			729
Interest & other income		(15	)		(17	)
Earnings (loss) before income taxes	$	(2,331	)	$	806

	June 30, 2016		March 31, 2016
Segment assets
Coil	$	26,188	$	25,317
Tubular		36,792		37,543
		62,980		62,860
Corporate assets		2,887		4,030
	$	65,867	$	66,890

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, retirement plan contribution expense, corporate insurance expenses and office supplies. Corporate assets consist primarily of cash, the cash value of officers’ life insurance and federal and state income taxes recoverable.