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Note 7 - Derivative Financial Instruments (Tables)
12 Months Ended
Mar. 31, 2024
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

 $74 

Current portion of derivative liability

 $1,686 
 

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 
  

Pre-Tax Gain

 

Reclassified

 

Loss Reclassified from

 
  

Recognized in OCI

 

from AOCI into Net Earnings

 

AOCI into Net Earnings

 
          

For the twelve months ended March 31, 2024

         

Hot-rolled coil steel contracts

 $ 

Sales

 $(418)

Total

 $   $(418)
          

For the twelve months ended March 31, 2023

         

Hot-rolled coil steel contracts

 $9,005 

Sales

 $(4,116)

Total

 $9,005   $(4,116)
Derivative Instruments, Gain (Loss) [Table Text Block]
   

Gain Recognized in Earnings

 
 

Location of Gain

 

for Fiscal Year Ended

 
 

Recognized in Earnings

 

March 31, 2024

 

Hot-rolled coil steel contracts

Gain on economic hedges of risk

 $1,848 
   

Gain Recognized in Earnings

 
 

Location of Gain

 

for Fiscal Year Ended

 
 

Recognized in Earnings

 

March 31, 2023

 

Hot-rolled coil steel contracts

Gain on economic hedges of risk

 $9,306 
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 March 31, 2024

 $ 
  

Gain (Loss) on

 
  

Derivatives

 

Balance at March 31, 2022

  (10,269)

Other comprehensive income, net of loss, before reclassification

  6,830 

Total loss reclassified from AOCI (1)

  3,122 

Net current period other comprehensive income

  9,952 

Balance at March 31, 2023

  (317)