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Note H - Segment Information
 9 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
NOTE H — SEGMENT INFORMATION (in thousands)
 
   
Three Months Ended
December 31,
    
Nine Months Ended
December 31,
  
   
201
9
    
201
8
    
201
9
    
201
8
  
Net sales
                                
Coil
   $
21,001
     $
28,731
     $
77,604
     $
94,688
  
Tubular
    
7,150
      
14,595
      
31,518
      
50,263
  
Total net sales
   $
28,151
     $
43,326
     $
109,122
     $
144,951
  
                                 
Operating profit (loss)
                                
Coil
   $
(93
 )   $
744
     $
575
     $
5,847
  
Tubular
    
(468
 )    
650
      
(1,670
 )    
4,348
  
Total operating profit (loss)
    
(561
 )    
1,394
      
(1,095
 )    
10,195
  
Corporate expenses
    
587
      
517
      
1,826
      
1,963
  
Interest expense
    
2
      
2
      
2
      
18
  
Interest & other income
    
(4
 )    
(6
 )    
(15
 )    
(75
 )
Total earnings (loss) before taxes
   $
(1,146
 )   $
881
     $
(2,908
 )   $
8,289
  
 
   
December 31, 201
9
    
March 31, 201
9
  
Segment assets
                
Coil
   $
35,272
     $
43,104
  
Tubular
    
26,354
      
31,520
  
     
61,626
      
74,624
  
Corporate assets
    
22,604
      
11,978
  
    $
84,230
     $
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 and office supplies. Corporate assets consist primarily of cash, the cash value of officers’ life insurance and income taxes recoverable.