Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 31, 2023	Mar. 31, 2023
CURRENT ASSETS:
Cash	$ 4,009	$ 2,992
Accounts receivable, net of allowances for bad debts of $138 and $183 at December 31, and March 31, 2023, respectively	44,422	49,367
Inventories	113,901	86,246
Current portion of derivative assets	26	536
Other current assets	8,539	4,515
TOTAL CURRENT ASSETS	170,897	143,656
PROPERTY, PLANT AND EQUIPMENT:
Land	1,670	1,670
Buildings and yard improvements	29,266	28,550
Machinery and equipment	52,021	51,001
Construction in process	4,174	1,167
Less accumulated depreciation	(30,643)	(28,455)
Property, plant, and equipment, net	56,488	53,933
OTHER ASSETS:
Cash value of officers’ life insurance and other assets	377	453
Operating lease right-of-use asset	1,193	1,270
TOTAL ASSETS	228,955	199,312
CURRENT LIABILITIES:
Accounts payable and accrued expenses	47,870	36,847
Income taxes payable	2,174	774
Dividends payable	139	148
Contribution to retirement plan	0	350
Employee compensation and related expenses	3,529	4,650
Current portion of financing lease	81	107
Current portion of derivative liability	808	2,212
TOTAL CURRENT LIABILITIES	54,601	45,088
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	103	96
DEFERRED INCOME TAX LIABILITY	4,418	4,357
OTHER NON-CURRENT LIABILITIES	1,127	1,222
ASSET BASED LENDING FACILITY	45,963	33,117
TOTAL LIABILITIES	106,212	83,880
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock, par value $1: Authorized shares — 10,000,000; Issued shares — 8,868,716 shares at December 31, and March 31, 2023	8,869	8,869
Additional paid-in capital	35,198	35,005
Accumulated other comprehensive loss	0	(317)
Treasury stock at cost (1,896,892 shares and 1,493,128 shares at December 31, and March 31, 2023, respectively)	(12,929)	(7,778)
Retained earnings	91,605	79,653
TOTAL STOCKHOLDERS’ EQUITY	122,743	115,432
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 228,955	$ 199,312