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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Mar. 31, 2025
CURRENT ASSETS:    
Cash $ 4,586 $ 3,686
Accounts receivable, net of allowances for credit losses and cash discounts of $150 and $147 at September 30, and March 31, 2025, respectively 62,257 47,476
Inventories 161,566 113,689
Current portion of derivative assets 990 636
Other current assets 1,926 980
TOTAL CURRENT ASSETS 231,325 166,467
PROPERTY, PLANT AND EQUIPMENT:    
Land 11,642 1,572
Buildings and yard improvements 33,253 30,393
Machinery and equipment 61,494 57,970
Construction in process 2,346 135
Less accumulated depreciation (35,554) (33,819)
Total property, plant, and equipment 73,181 56,251
OTHER ASSETS:    
Operating Lease, Right-of-Use Asset 5,108 2,841
Other assets 1,675 1,263
TOTAL ASSETS 311,289 226,822
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 67,844 35,304
Income taxes payable 143 647
Dividends payable 282 279
Accrued employee compensation and related expenses 2,966 1,807
Current portion of derivative liability 142 287
TOTAL CURRENT LIABILITIES 71,377 38,324
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS 118 115
DEFERRED INCOME TAX LIABILITY 5,445 5,478
NON-CURRENT LEASE LIABILITIES 4,466 2,752
SELLER NOTE PAYABLE, NET 3,489 0
CONTINGENT CONSIDERATION LIABILITY 3,580 0
ASSET BASED LENDING FACILITY 83,541 47,728
TOTAL LIABILITIES 172,016 94,397
COMMITMENTS AND CONTINGENCIES (SEE NOTE 2)
STOCKHOLDERS’ EQUITY:    
Common stock, par value $1: Authorized shares — 10,000,000; Issued shares — 8,966,763 and 8,877,229 shares at September 30, and March 31, 2025 8,967 8,877
Additional paid-in capital 35,463 35,394
Treasury stock at cost (shares 1,907,323 and 1,906,693 shares at September 30, and March 31, 2025, respectively) (13,110) (13,100)
Retained earnings 107,953 101,254
TOTAL STOCKHOLDERS’ EQUITY 139,273 132,425
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 311,289 $ 226,822