Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Mar. 31, 2023
CURRENT ASSETS:
Cash	$ 3,152	$ 2,992
Accounts receivable, net of allowances for bad debts of $138 and $183 at September 30, and March 31, 2023, respectively	52,326	49,367
Inventories	104,501	86,246
Current portion of derivative assets	692	536
Other current assets	4,491	4,515
TOTAL CURRENT ASSETS	165,162	143,656
PROPERTY, PLANT AND EQUIPMENT:
Land	1,670	1,670
Buildings and yard improvements	28,625	28,550
Machinery and equipment	51,040	51,001
Construction in process	3,914	1,167
Less accumulated depreciation	(29,914)	(28,455)
Property, plant, and equipment, net	55,335	53,933
OTHER ASSETS:
Cash value of officers’ life insurance and other assets	411	453
Operating lease right-of-use asset	1,219	1,270
TOTAL ASSETS	222,127	199,312
CURRENT LIABILITIES:
Accounts payable and accrued expenses	29,414	36,847
Income taxes payable	1,902	774
Dividends payable	148	148
Contribution to retirement plan	0	350
Employee compensation and related expenses	3,320	4,650
Current portion of financing lease	108	107
Current portion of derivative liability	400	2,212
TOTAL CURRENT LIABILITIES	35,292	45,088
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	101	96
DEFERRED INCOME TAX LIABILITY	4,425	4,357
OTHER NON-CURRENT LIABILITIES	1,139	1,222
ASSET BASED LENDING FACILITY	54,361	33,117
TOTAL LIABILITIES	95,318	83,880
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock, par value $1: Authorized shares — 10,000,000; Issued shares — 8,868,716 shares at September 30, and March 31, 2023	8,869	8,869
Additional paid-in capital	35,161	35,005
Accumulated other comprehensive loss	0	(317)
Treasury stock at cost (1,493,434 shares and 1,493,128 shares at September 30, and March 31, 2023, respectively)	(7,781)	(7,778)
Retained earnings	90,560	79,653
TOTAL STOCKHOLDERS’ EQUITY	126,809	115,432
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 222,127	$ 199,312