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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2025
Mar. 31, 2025
CURRENT ASSETS:    
Cash $ 3,005 $ 3,686
Accounts receivable, net of allowances for credit losses of $147 at December 31, and March 31, 2025 55,802 47,476
Inventories 169,173 113,689
Current portion of derivative assets 1,604 636
Other current assets 1,893 980
TOTAL CURRENT ASSETS 231,477 166,467
PROPERTY, PLANT AND EQUIPMENT:    
Land 11,642 1,572
Buildings and yard improvements 33,344 30,393
Machinery and equipment 62,003 57,970
Construction in process 2,989 135
Less accumulated depreciation (36,152) (33,819)
Total property, plant, and equipment 73,826 56,251
OTHER ASSETS:    
Operating Lease, Right-of-Use Asset 4,906 2,841
Other assets 1,650 1,263
TOTAL ASSETS 311,859 226,822
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 59,868 35,304
Income taxes payable 0 647
Dividends payable 284 279
Employee compensation and related expenses 3,981 1,807
Current portion of contingent consideration 252
Current portion of derivative liability 29 287
TOTAL CURRENT LIABILITIES 64,414 38,324
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS 119 115
DEFERRED INCOME TAX LIABILITY 5,407 5,478
NON-CURRENT LEASE LIABILITIES 4,283 2,752
SELLER NOTE PAYABLE, NET 3,489 0
NON-CURRENT CONTINGENT CONSIDERATION LIABILITY 3,328 0
ASSET BASED LENDING FACILITY 88,605 47,728
TOTAL LIABILITIES 169,645 94,397
COMMITMENTS AND CONTINGENCIES (SEE NOTE 2)
STOCKHOLDERS’ EQUITY:    
Common stock, par value $1: Authorized shares — 10,000,000; Issued shares — 9,019,505 and 8,877,229 shares at December 31, and March 31, 2025 9,020 8,877
Additional paid-in capital 35,592 35,394
Treasury stock at cost (shares 1,907,323 and 1,906,693 shares at December 31, and March 31, 2025, respectively) (13,110) (13,100)
Retained earnings 110,712 101,254
TOTAL STOCKHOLDERS’ EQUITY 142,214 132,425
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 311,859 $ 226,822