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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2024
Mar. 31, 2024
CURRENT ASSETS:    
Cash $ 1,075 $ 2,891
Accounts receivable, net of allowances for credit losses and cash discounts of $145 and $97 at December 31, and March 31, 2024, respectively 31,727 47,329
Inventories 115,394 115,804
Current portion of derivative assets 38 74
Other current assets 1,052 3,966
TOTAL CURRENT ASSETS 149,286 170,064
PROPERTY, PLANT AND EQUIPMENT:    
Land 1,670 1,670
Buildings and yard improvements 30,906 30,900
Machinery and equipment 56,586 53,607
Construction in process 665 1,977
Less accumulated depreciation (33,040) (31,396)
TOTAL PROPERTY, PLANT AND EQUIPMENT 56,787 56,758
OTHER ASSETS:    
Operating lease right-of-use asset 2,894 2,841
Other assets 1,285 356
TOTAL ASSETS 210,252 230,019
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 41,081 43,886
Income taxes payable 0 2,213
Dividends payable 279 279
Employee compensation and related expenses 906 5,989
Current portion of financing lease 0 54
Current portion of derivative liability 10 1,686
TOTAL CURRENT LIABILITIES 42,276 54,107
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS 116 105
DEFERRED INCOME TAX LIABILITY 5,232 5,257
NON-CURRENT LEASE LIABILITIES 2,790 2,782
ASSET BASED LENDING FACILITY 32,509 40,293
TOTAL LIABILITIES 82,923 102,544
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:    
Common stock, par value $1: Authorized shares — 10,000,000; Issued shares — 8,873,203 shares at December 31, and March 31, 2024 8,873 8,873
Additional paid-in capital 35,368 35,247
Treasury stock at cost (1,906,693 shares and 1,896,892 shares at December 31, and March 31, 2024, respectively) (13,100) (12,929)
Retained earnings 96,188 96,284
TOTAL STOCKHOLDERS’ EQUITY 127,329 127,475
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 210,252 $ 230,019