Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.6.0.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2016
Mar. 31, 2016
Current assets:    
Cash and cash equivalents $ 37,677 $ 24,072
Investments 35,000 41,000
Trade accounts receivable, net of allowances ($30 and $91 at December 31 and March 31, 2016, respectively) 11,490 12,730
Unbilled revenue 14,503 11,852
Inventories 9,109 10,811
Prepaid expenses and other current assets 1,060 613
Income taxes receivable 550 1,652
Total current assets 109,389 102,730
Property, plant and equipment, net 17,384 18,747
Goodwill 6,938 6,938
Permits 10,300 10,300
Other intangible assets, net 4,113 4,248
Other assets 204 168
Total assets 148,328 143,131
Current liabilities:    
Current portion of capital lease obligations 55 55
Accounts payable 8,071 10,325
Accrued compensation 4,977 5,317
Accrued expenses and other current liabilities 3,486 3,826
Customer deposits 15,095 8,400
Total current liabilities 31,684 27,923
Capital lease obligations 119 157
Accrued compensation 11  
Deferred income tax liability 3,967 3,546
Accrued pension liability 797 1,338
Accrued postretirement benefits 809 787
Total liabilities 37,387 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 10,545 and 10,468 shares issued and 9,729 and 9,646 shares outstanding at December 31 and March 31, respectively 1,054 1,047
Capital in excess of par value 22,843 22,315
Retained earnings 109,619 109,013
Accumulated other comprehensive loss (10,285) (10,676)
Treasury stock (816 and 822 shares at December 31 and March 31, respectively) (12,290) (12,319)
Total stockholders’ equity 110,941 109,380
Total liabilities and stockholders’ equity $ 148,328 $ 143,131