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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Mar. 31, 2025
CURRENT ASSETS:    
Cash $ 2,099 $ 3,686
Accounts receivable, net of allowances for credit losses and cash discounts of $124 and $147 at June 30, and March 31, 2025, respectively 50,717 47,476
Inventories 103,458 113,689
Current portion of derivative assets 328 636
Other current assets 1,327 980
TOTAL CURRENT ASSETS 157,929 166,467
PROPERTY, PLANT AND EQUIPMENT:    
Land 1,572 1,572
Buildings and yard improvements 30,393 30,393
Machinery and equipment 59,197 57,970
Construction in process 689 135
Less accumulated depreciation (34,641) (33,819)
Total property, plant, and equipment 57,210 56,251
OTHER ASSETS:    
Operating lease right-of-use asset 2,788 2,841
Other assets 1,151 1,263
TOTAL ASSETS 219,078 226,822
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 35,289 35,304
Income taxes payable 2,272 647
Dividends payable 282 279
Employee compensation and related expenses 2,551 1,807
Current portion of derivative liability 82 287
TOTAL CURRENT LIABILITIES 40,476 38,324
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS 118 115
DEFERRED INCOME TAX LIABILITY 5,452 5,478
NON-CURRENT LEASE LIABILITIES 2,713 2,752
ASSET BASED LENDING FACILITY 33,039 47,728
TOTAL LIABILITIES 81,798 94,397
STOCKHOLDERS’ EQUITY:    
Common stock, par value $1: Authorized shares — 10,000,000; Issued shares — 8,966,763 and 8,877,229 shares at June 30, and March 31, 2025 8,967 8,877
Additional paid-in capital 35,427 35,394
Treasury stock at cost (1,907,323 shares and 1,906,693 shares at June 30, and March 31, 2025, respectively) (13,110) (13,100)
Retained earnings 105,996 101,254
TOTAL STOCKHOLDERS’ EQUITY 137,280 132,425
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 219,078 $ 226,822