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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2025
Sep. 30, 2024
OPERATING ACTIVITIES    
Net earnings $ 7,268 $ 1,892
Adjustments to reconcile net earnings to cash provided by operating activities:    
Depreciation and amortization 1,784 1,618
Deferred taxes (33) (18)
Compensation expense for restricted stock 159 89
Change in postretirement benefits 3 8
Gain recognized on open derivatives not designated for hedge accounting (500) (1,629)
Loss on disposal of property, plant and equipment 0 222
Amortization of right-of-use asset 36 (8)
Decrease (increase) in operating assets, net of amounts acquired in business combination:    
Accounts receivable (2,108) 7,709
Inventories (13,254) 10,753
Other current assets (950) 141
Other assets (3) 0
Increase (decrease) in operating liabilities, net of amounts assumed in business combination:    
Accounts payable and accrued expenses 22,866 (9,295)
Income taxes payable (504) (2,018)
Employee compensation and related expenses 1,159 (4,740)
NET CASH PROVIDED BY OPERATING ACTIVITIES 15,923 4,724
INVESTING ACTIVITIES    
Cash paid for Century business combination (45,597) 0
Purchase of property, plant and equipment (4,238) (1,900)
Deposit on steel processing equipment 0 (1,000)
Increase in cash surrender value of officers’ life insurance (4) (2)
NET CASH USED IN INVESTING ACTIVITIES (49,839) (2,902)
FINANCING ACTIVITIES    
Debt issuance cost (395) 0
Cash dividends paid (565) (557)
Cash paid for principal portion of finance lease 0 (54)
Cash paid for share repurchases (9) (134)
Borrowings on asset based lending facility 415,028 326,988
Repayments on asset based lending facility (379,215) (331,424)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 34,844 (5,181)
INCREASE (DECREASE) IN CASH AND RESTRICTED CASH 928 (3,359)
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD 4,148 5,897
CASH AND RESTRICTED CASH AT END OF PERIOD $ 5,076 $ 2,538