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Note G - Segment Information
 3 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
NOTE G — SEGMENT INFORMATION (in thousands)
 
   
THREE MONTHS ENDED
JUNE 30,
  
   
201
8
 
    
201
7
As Adjusted
  
Net sales
                
Coil
   $
31,129
     $
18,010
  
Tubular
    
17,064
      
5,073
  
Total net sales
   $
48,193
     $
23,083
  
Operating profit (loss)
                
Coil
   $
3,179
     $
1,033
  
Tubular
    
2,321
      
(1
 )
Total operating profit (loss)
    
5,500
      
1,032
  
Corporate expenses
    
800
      
527
  
Interest & other income
    
(63
 )    
(4
 )
Earnings (loss) before income taxes
   $
4,763
     $
509
  
 
 
 
   
June 30,
201
8
 
    
March 31,
201
8
As Adjusted
  
Segment assets
                
Coil
   $
45,895
     $
34,359
  
Tubular
    
46,435
      
43,010
  
     
92,330
      
77,369
  
Corporate assets
    
3,571
      
4,284
  
    $
95,901
     $
81,653
  
 
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, restricted stock plan compensation expense and office supplies. Corporate assets consist primarily of cash and the cash value of officers’ life insurance.