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Note F - Segment Information
 3 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
NOTE F — SEGMENT INFORMATION (in thousands)
 
 
 
THREE MONTHS ENDED
JUNE 30,
 
 
 
201
7
 
 
2016
 
Net sales
                
Coil
   $
18,010
     $
18,999
  
Tubular
    
5,073
      
3,395
  
Total net sales
   $
23,083
     $
22,394
  
Operating profit (loss)
                
Coil
   $
753
     $
(1,515
 )
Tubular
    
(1
 )    
(274
 )
Total operating profit (loss)
    
752
      
(1,789
 )
Corporate expenses
    
527
      
557
  
Interest & other income
    
(4
 )    
(15
 )
Earnings (loss) before income taxes
   $
229
     $
(2,331
 )
 
 
 
 
 
June 30,
2017
 
 
March 31,
2017
 
Segment assets
                
Coil
   $
25,132
     $
21,833
  
Tubular
    
37,592
      
37,299
  
     
62,724
      
59,132
  
Corporate assets
    
6,279
      
4,131
  
    $
69,003
     $
63,263
  
 
 
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, deferred taxes and federal income taxes recoverable.