v3.22.4
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2022
Mar. 31, 2022
Current assets:    
Cash and cash equivalents $ 17,215 $ 14,741
Trade accounts receivable, net of allowances ($71 and $87 at December 31 and March 31, 2022, respectively) 35,019 27,645
Unbilled revenue 33,509 25,570
Inventories 24,077 17,414
Prepaid expenses and other current assets 1,899 1,391
Income taxes receivable 590 459
Total current assets 112,309 87,220
Property, plant and equipment, net 25,248 24,884
Prepaid pension asset 7,547 7,058
Operating lease assets 8,530 8,394
Goodwill 23,523 23,523
Other intangible assets, net 7,955 8,990
Deferred income tax asset 2,212 2,441
Other assets 167 194
Total assets 207,657 183,691
Current liabilities:    
Current portion of long-term debt 2,000 2,000
Current portion of finance lease obligations 17 23
Accounts payable 22,532 16,662
Accrued compensation 10,823 7,991
Accrued expenses and other current liabilities 5,204 6,047
Customer deposits 44,300 25,644
Operating lease liabilities 1,008 1,057
Income taxes payable 27 0
Total current liabilities 85,911 59,424
Long-term debt 12,184 16,378
Finance lease obligations 0 11
Operating lease liabilities 7,759 7,460
Deferred income tax liability 127 62
Accrued pension and postretirement benefit liabilities 1,665 1,666
Other long-term liabilities 2,115 2,196
Total liabilities 109,761 87,197
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $1.00 par value, 500 shares authorized 0 0
Common stock, $0.10 par value, 25,500 shares authorized, 10,758 and 10,801 shares issued and 10,611 and 10,636 shares outstanding at December 31 andMarch 31, 2022, respectively 1,076 1,080
Capital in excess of par value 28,119 27,770
Retained earnings 77,924 77,076
Accumulated other comprehensive loss (6,597) (6,471)
Treasury stock (147 and 164 shares at December 31 and March 31, 2022, respectively) (2,626) (2,961)
Total stockholders’ equity 97,896 96,494
Total liabilities and stockholders’ equity 207,657 183,691
Customer Relationships [Member]    
Current assets:    
Finite-Lived Intangible Assets, Net 10,866 11,308
Technology and Technical Know-How [Member]    
Current assets:    
Finite-Lived Intangible Assets, Net $ 9,300 $ 9,679

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