Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023
CURRENT ASSETS:
Cash	$ 4,823	$ 2,992
Accounts receivable, net of allowances for bad debts of $183 at both June 30, and March 31, 2023	46,775	49,367
Inventories	101,146	86,246
Current portion of derivative assets	243	536
Other current assets	3,104	4,515
TOTAL CURRENT ASSETS	156,091	143,656
PROPERTY, PLANT AND EQUIPMENT:
Land	1,670	1,670
Buildings and yard improvements	28,558	28,550
Machinery and equipment	50,988	51,001
Construction in process	1,598	1,167
Less accumulated depreciation	(29,179)	(28,455)
Property, plant, and equipment, net	53,635	53,933
OTHER ASSETS:
Cash value of officers’ life insurance and other assets	432	453
Operating lease right-of-use asset	1,244	1,270
TOTAL ASSETS	211,402	199,312
CURRENT LIABILITIES:
Accounts payable and accrued expenses	35,988	36,847
Income taxes payable	2,831	774
Dividends payable	148	148
Contribution to retirement plan	0	350
Employee compensation and related expenses	2,980	4,650
Current portion of financing lease	107	107
Current portion of derivative liability	963	2,212
TOTAL CURRENT LIABILITIES	43,017	45,088
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	98	96
DEFERRED INCOME TAX LIABILITY	4,442	4,357
OTHER NON-CURRENT LIABILITIES	1,178	1,222
ASSET BASED LENDING FACILITY	39,298	33,117
TOTAL LIABILITIES	88,033	83,880
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock, par value $1: Authorized shares — 10,000,000; Issued shares — 8,868,716 shares at June 30, and March 31, 2023	8,869	8,869
Additional paid-in capital	35,083	35,005
Accumulated other comprehensive loss	0	(317)
Treasury stock at cost (1,493,128 shares at June 30, and March 31, 2023)	(7,778)	(7,778)
Retained earnings	87,195	79,653
TOTAL STOCKHOLDERS’ EQUITY	123,369	115,432
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 211,402	$ 199,312