Note H - Derivative Financial Instruments (Tables)

3 Months Ended

Jun. 30, 2023

Notes Tables

Schedule of Derivative Instruments [Table Text Block]

	Asset Derivatives			Liability Derivatives
	Balance Sheet			Balance Sheet
Derivatives not designated as hedging instruments:	Location	Fair Value		Location	Fair Value
Hot-rolled coil steel contracts	Current portion of derivative assets	$	243	Current portion of derivative liability	$	963

	Asset Derivatives			Liability Derivatives
	Balance Sheet			Balance Sheet
Derivatives not designated as hedging instruments:	Location	Fair Value		Location	Fair Value
Hot-rolled coil steel contracts	Current portion of derivative assets	$	536	Current portion of derivative liability	$	2,212

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

			Location of Loss	Pre- Tax Loss
	Pre-Tax Gain		Reclassified	Reclassified from
	Recognized in OCI		from AOCI into Net Earnings	AOCI into Net Earnings
For the three months ended June 30, 2023:
Hot-rolled coil steel contracts	$	—	Sales	$	(418	)
Total	$	—		$	(418	)
For the three months ended June 30, 2022:
Hot-rolled coil steel contracts	$	8,833	Sales	$	(626	)
Total	$	8,833		$	(626	)

Derivative Instruments, Gain (Loss) [Table Text Block]

		Gain Recognized in Earnings
	Location of Gain	for the Three Months Ended
	Recognized in Earnings	June 30, 2023
Hot-rolled coil steel contracts	Gain on economic hedges of risk	$	430

		Gain Recognized in Earnings
	Location of Gain	for the Three Months Ended
	Recognized in Earnings	June 30, 2022
Hot-rolled coil steel contracts	Gain on economic hedges of risk	$	2,754

Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]

Notes Tables

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	Gain (Loss) on
	Derivatives
Balance at March 31, 2023	$	(317	)
Other comprehensive income, net of loss, before reclassification		—
Total loss reclassified from AOCI (1)		317
Net current period other comprehensive income		317
Balance at June 30, 2023	$	—

	Gain (Loss) on
	Derivatives
Balance at March 31, 2022	$	(10,269	)
Other comprehensive income, net of loss, before reclassification		6,699
Total loss reclassified from AOCI (1)		475
Net current period other comprehensive income		7,174
Balance at June 30, 2022	$	(3,095	)