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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
OPERATING ACTIVITIES    
Net earnings $ 10,311 $ 740
Adjustments to reconcile net earnings to cash provided by operating activities:    
Depreciation and amortization 2,791 2,445
Deferred taxes (71) (25)
Compensation expense for restricted stock 341 121
Change in postretirement benefits 4 11
Gain recognized on open derivatives not designated for hedge accounting (1,227) (1,640)
Gain on disposal of property, plant and equipment 0 (153)
Amortization of right-of-use asset 58 11
Decrease (increase) in operating assets, net of amounts acquired in business combination:    
Accounts receivable 4,346 15,602
Inventories (20,861) 410
Other current assets (958) 58
Increase (decrease) in operating liabilities, net of amounts assumed in business combination::    
Accounts payable and accrued expenses 14,914 (2,861)
Income taxes payable (647) (2,213)
Employee compensation and related expenses 2,174 (5,083)
NET CASH PROVIDED BY OPERATING ACTIVITIES 11,175 7,423
INVESTING ACTIVITIES    
Cash paid for Century business combination (45,597) 0
Purchase of property, plant and equipment (5,839) (3,045)
Proceeds from sale of assets 0 800
Deposit on steel processing equipment 0 (1,000)
Increase in cash surrender value of officers’ life insurance (6) (5)
NET CASH USED IN INVESTING ACTIVITIES (51,442) (3,250)
FINANCING ACTIVITIES    
Debt issuance cost (395) 0
Cash dividends paid (846) (836)
Cash paid for principal portion of finance lease 0 (54)
Cash paid for share repurchases (10) (171)
Borrowings on asset based lending facility 603,055 470,404
Repayments on asset based lending facility (562,178) (478,188)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 39,626 (8,845)
DECREASE IN CASH AND RESTRICTED CASH (641) (4,672)
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD 4,148 5,897
CASH AND RESTRICTED CASH AT END OF PERIOD $ 3,507 $ 1,225