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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES    
Net earnings $ 11,203 $ 13,655
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation and amortization 1,531 1,173
Deferred taxes (33) (31)
Compensation expense for restricted stock 156 146
Change in postretirement benefits 4 5
Gain recognized on open derivatives not designated for hedge accounting (1,969) (1,073)
Deferred realized gain on derivatives 418 1,552
Decrease (increase) in operating assets, net of amounts acquired in business combination:    
Accounts receivable (2,958) (18,272)
Inventories (18,256) 56,899
Federal income taxes recoverable 0 1,403
Other current assets (2,369) 304
Accounts payable and accrued expenses (7,411) (6,022)
Income taxes payable 1,128 2,241
Contribution to retirement plan (350) 13
Employee compensation and related expenses (1,330) 2,657
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (20,236) 54,650
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (2,883) (7,194)
Increase in cash surrender value of officers’ life insurance (7) (7)
NET CASH USED IN INVESTING ACTIVITIES (2,890) (78,921)
FINANCING ACTIVITIES    
Debt issuance cost 0 (394)
Cash dividends paid (295) (295)
Cash paid for principal portion of finance lease (53) (52)
Cash paid for share repurchases (4) (29)
Asset based lending facility proceeds 21,244 17,783
NET CASH PROVIDED BY FINANCING ACTIVITIES 20,892 17,013
DECREASE IN CASH AND RESTRICTED CASH (2,234) (7,258)
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD 5,386 16,122
CASH AND RESTRICTED CASH AT END OF PERIOD 3,152 8,864
Plateplus Inc. [Member]    
INVESTING ACTIVITIES    
Plateplus business combination $ 0 $ (71,720)