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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES    
Net earnings $ 17,345 $ 21,344
Adjustments to reconcile net earnings to cash provided by operating activities:    
Depreciation and amortization 3,070 2,526
Deferred taxes 794 3,326
Compensation expense for restricted stock 246 303
Change in post-retirement benefits 9 8
(Gain) loss recognized on open derivatives not designated for hedge accounting (64) 459
Deferred realized gain on derivatives 418 4,773
Right-of-use asset 41 0
Decrease (increase) in operating assets, net of amounts acquired in business combination:    
Accounts receivable 2,038 (13,696)
Inventories (29,558) 59,247
Federal income taxes recoverable 0 1,404
Other current assets 1,173 (1,363)
Decrease (increase) in operating liabilities, net of amounts acquired in business combination:    
Accounts payable and accrued expenses 7,039 (18,875)
Income taxes payable 1,439 774
Employee compensation and related expenses 1,339 3,564
Contribution to retirement plan (350) 100
NET CASH PROVIDED BY OPERATING ACTIVITIES 4,979 63,894
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (5,792) (16,454)
Increase in cash surrender value of officers’ life insurance (13) (13)
NET CASH USED IN INVESTING ACTIVITIES (5,805) (88,187)
FINANCING ACTIVITIES    
Debt issuance cost 0 (393)
Cash dividends paid (581) (589)
Cash paid for principal portion of finance lease (107) (105)
Cash paid for share repurchases (5,151) (37)
Borrowings on asset based lending facility 831,436 740,944
Repayments on asset based lending facility (824,260) (726,263)
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,337 13,557
INCREASE (DECREASE) IN CASH AND RESTRICTED CASH 511 (10,736)
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD 5,386 16,122
CASH AND RESTRICTED CASH AT END OF PERIOD 5,897 5,386
Plateplus Inc. [Member]    
INVESTING ACTIVITIES    
Plateplus business combination $ 0 $ (71,720)