XML 16 R5.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net earnings $ 5,028 $ 2,567
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation and amortization 847 795
Deferred taxes (26) (10)
Compensation expense for restricted stock 123 47
Change in postretirement benefits 3 1
Loss (gain) recognized on open derivatives not designated for hedge accounting 103 (1,608)
Right-of-use asset 18 (27)
Decrease (increase) in operating assets:    
Accounts receivable (3,241) 9,574
Inventories 10,231 (3,998)
Other current assets 53 260
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses (19) (9,533)
Income taxes payable 1,625 610
Employee compensation and related expenses 744 (4,737)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 15,489 (6,059)
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (1,781) (1,054)
Increase in cash surrender value of officers’ life insurance (3) (3)
NET CASH USED IN INVESTING ACTIVITIES (1,784) (1,057)
FINANCING ACTIVITIES    
Cash dividends paid (282) (279)
Cash paid for principal portion of finance lease 0 (27)
Cash paid for share repurchases (10) (123)
Borrowings on asset based lending facility 196,322 198,871
Repayments on asset based lending facility (211,011) (193,077)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (14,981) 5,365
DECREASE IN CASH AND RESTRICTED CASH (1,276) (1,751)
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD 4,148 5,897
CASH AND RESTRICTED CASH AT END OF PERIOD $ 2,872 $ 4,146