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Note F - Segment Information
 6 Months Ended
Sep. 30, 2017
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
NOTE
F — SEGMENT INFORMATION (in thousands)
 
   
Three Months Ended
September 30,
    
Six Months Ended
September 30,
  
   
201
7
    
201
6
    
201
7
    
201
6
  
Net sales
                                
Coil
   $
20,128
     $
15,451
     $
38,138
     $
34,450
  
Tubular
    
5,950
      
2,867
      
11,023
      
6,261
  
Total net sales
   $
26,078
     $
18,318
     $
49,161
     $
40,711
  
Operating profit (loss)
                                
Coil
   $
552
     $
118
     $
1,305
     $
(1,396
 )
Tubular
    
316
      
(649
 )    
314
      
(923
 )
Total operating profit (loss)
    
868
      
(531
 )    
1,619
      
(2,319
 )
Corporate expenses
    
415
      
431
      
942
      
988
  
Interest
& other income
    
(4
 )    
(15
 )    
(9
 )    
(29
 )
Total earnings (loss) before taxes
   $
457
     $
(947
 )   $
686
     $
(3,278
 )
 
   
September
30,
201
7
    
March
31,
201
7
  
Segment assets
                
Coil
   $
28,493
     $
21,833
  
Tubular
    
35,442
      
37,299
  
     
63,935
      
59,132
  
Corporate assets
    
5,435
      
4,131
  
    $
69,370
     $
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.