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Note G - Segment Information
 9 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
NOTE G — SEGMENT INFORMATION (in thousands)
 
   
Three Months Ended
December 31,
    
Nine Months Ended
December 31,
  
   
2018
    
2017
As Adjusted
    
2018
    
2017
As Adjusted
  
Net sales
                                
Coil
   $
28,731
     $
22,410
     $
94,688
     $
60,547
  
Tubular
    
14,595
      
5,624
      
50,263
      
16,648
  
Total net sales
   $
43,326
     $
28,034
     $
144,951
     $
77,195
  
                                 
Operating profit (loss)
                                
Coil
   $
744
     $
1,233
     $
5,847
     $
2,942
  
Tubular
    
650
      
(53
 )    
4,348
      
261
  
Total operating profit
    
1,394
      
1,180
      
10,195
      
3,203
  
Corporate expenses
    
519
      
463
      
1,981
      
1,405
  
Interest & other income
    
(6
 )    
(4
 )    
(75
 )    
(13
 )
Total earnings before taxes
   $
881
     $
721
     $
8,289
     $
1,811
  
 
   
December 31,
201
8
    
March 31,
201
8
As Adjusted
  
Segment assets
                
Coil
   $
50,293
     $
34,359
  
Tubular
    
40,708
      
43,010
  
     
91,001
      
77,369
  
Corporate assets
    
2,859
      
4,284
  
    $
93,860
     $
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.