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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES    
Net earnings $ 12,387 $ 15,031
Adjustments to reconcile net earnings to cash provided by operating activities:    
Depreciation and amortization 2,293 1,879
Deferred taxes (41) (47)
Compensation expense for restricted stock 193 224
Change in postretirement benefits 6 8
Gain recognized on open derivatives not designated for hedge accounting (894) (1,353)
Deferred realized gain on derivatives 418 3,156
Decrease (increase) in operating assets, net of amounts acquired in business combination:    
Accounts receivable 4,945 (7,402)
Inventories (27,656) 47,659
Federal income taxes recoverable 0 1,403
Other current assets (1,621) 428
Accounts payable and accrued expenses 11,058 (20,791)
Income taxes payable 1,400 2,631
Contribution to retirement plan (350) 100
Employee compensation and related expenses (1,121) 1,173
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,017 44,099
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (4,774) (8,279)
Increase in cash surrender value of officers’ life insurance (10) (10)
NET CASH USED IN INVESTING ACTIVITIES (4,784) (80,009)
FINANCING ACTIVITIES    
Debt issuance cost 0 (329)
Cash dividends paid (443) (442)
Cash paid for principal portion of finance lease (80) (79)
Cash paid for share repurchases (5,151) (37)
Asset based lending facility proceeds 12,847 26,075
NET CASH PROVIDED BY FINANCING ACTIVITIES 7,173 25,188
INCREASE (DECREASE) IN CASH AND RESTRICTED CASH 3,406 (10,722)
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD 5,386 16,122
CASH AND RESTRICTED CASH AT END OF PERIOD 8,792 5,400
Plateplus Inc. [Member]    
INVESTING ACTIVITIES    
Plateplus business combination $ 0 $ (71,720)