Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.5.0.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2016
Mar. 31, 2016
Current assets:    
Cash and cash equivalents $ 31,274 $ 24,072
Investments 35,000 41,000
Trade accounts receivable, net of allowances ($32 and $91 at September 30 and March 31, 2016, respectively) 18,411 12,730
Unbilled revenue 10,099 11,852
Inventories 7,861 10,811
Prepaid expenses and other current assets 1,358 613
Income taxes receivable 1,255 1,652
Total current assets 105,258 102,730
Property, plant and equipment, net 17,813 18,747
Goodwill 6,938 6,938
Permits 10,300 10,300
Other intangible assets, net 4,158 4,248
Other assets 180 168
Total assets 144,647 143,131
Current liabilities:    
Current portion of capital lease obligations 54 55
Accounts payable 6,247 10,325
Accrued compensation 4,747 5,317
Accrued expenses and other current liabilities 4,450 3,826
Customer deposits 13,684 8,400
Total current liabilities 29,182 27,923
Capital lease obligations 138 157
Accrued compensation 46  
Deferred income tax liability 3,850 3,546
Accrued pension liability 977 1,338
Accrued postretirement benefits 802 787
Total liabilities 34,995 33,751
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Preferred stock, $1.00 par value, 500 shares authorized
Common stock, $.10 par value, 25,500 shares authorized 10,542 and 10,468 shares issued and 9,726 and 9,646 shares outstanding at September 30 and March 31, respectively 1,054 1,047
Capital in excess of par value 22,608 22,315
Retained earnings 108,655 109,013
Accumulated other comprehensive loss (10,375) (10,676)
Treasury stock, (816 and 822 shares) (12,290) (12,319)
Total stockholders’ equity 109,652 109,380
Total liabilities and stockholders’ equity $ 144,647 $ 143,131