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Note G - Segment Information
 6 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
NOTE G — SEGMENT INFORMATION (in thousands)
 
   
Three Months Ended
September 30,
    
Six Months Ended
September 30,
  
   
2018
    
2017
As Adjusted
    
2018
    
2017
As Adjusted
  
Net sales
                                
Coil
   $
34,828
     $
20,128
     $
65,957
     $
38,138
  
Tubular
    
18,604
      
5,950
      
35,668
      
11,023
  
Total net sales
   $
53,432
     $
26,078
     $
101,625
     $
49,161
  
                                 
Operating profit
                                
Coil
   $
1,925
     $
675
     $
5,103
     $
1,709
  
Tubular
    
1,376
      
316
      
3,698
      
314
  
Total operating profit
    
3,301
      
991
      
8,801
      
2,023
  
Corporate expenses
    
661
      
415
      
1,462
      
942
  
Interest & other income
    
(6
 )    
(4
 )    
(69
 )    
(9
 )
Total earnings before taxes
   $
2,646
     $
580
     $
7,408
     $
1,090
  
 
   
September 30,
201
8
    
March 31, 2018
As Adjusted
  
Segment assets
                
Coil
   $
43,535
     $
34,359
  
Tubular
    
43,237
      
43,010
  
     
86,772
      
77,369
  
Corporate assets
    
3,949
      
4,284
  
    $
90,721
     $
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 and office supplies. Corporate assets consist primarily of cash and the cash value of officers’ life insurance.