Note J - Segment Information

3 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE J — SEGMENT INFORMATION (in thousands)

	THREE MONTHS ENDED JUNE 30,
	20 20			201 9
Net sales
Coil	$	15,433		$	28,181
Tubular		8,092			12,794
Total net sales	$	23,525		$	40,975
Operating profit (loss)
Coil	$	(459	)	$	345
Tubular		59			545
Total operating profit (loss)		(400	)		890
Corporate expenses		735			627
Interest expenses		6			—
Interest and other income		(4	)		(6	)
Total earnings (loss) before taxes	$	(1,137	)	$	269

	June 30, 2020		March 31, 20 20
Segment assets
Coil	$	32,271	$	35,895
Tubular		22,788		23,659
		55,059		59,554
Corporate assets		16,189		17,790
	$	71,248	$	77,344

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, the cash value of officers' life insurance and income taxes recoverable.