Note G - Segment Information

3 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE G — SEGMENT INFORMATION (in thousands)

	THREE MONTHS ENDED JUNE 30,
	201 9			201 8
Net sales
Coil	$	28,181		$	31,129
Tubular		12,794			17,064
Total net sales	$	40,975		$	48,193
Operating profit
Coil	$	345		$	3,179
Tubular		545			2,321
Total operating profit		890			5,500
Corporate expenses		627			800
Interest and other income		(6	)		(63	)
Earnings before income taxes	$	269		$	4,763

	June 30, 201 9		March 31, 201 9
Segment assets
Coil	$	39,583	$	43,104
Tubular		32,730		31,520
		72,313		74,624
Corporate assets		11,191		11,978
	$	83,504	$	86,602

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.