Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 24,072 $ 27,271
Investments 41,000 33,000
Trade accounts receivable, net of allowances ($91 and $62 at March 31, 2016 and 2015, respectively) 12,730 17,249
Unbilled revenue 11,852 18,665
Inventories 10,811 13,994
Prepaid expenses and other current assets 613 529
Income taxes receivable 1,652 339
Total current assets 102,730 111,047
Property, plant and equipment, net 18,747 19,812
Prepaid pension asset   1,332
Goodwill 6,938 6,938
Permits 10,300 10,300
Other intangible assets, net 4,248 4,428
Other assets 168 146
Total assets 143,131 154,003
Current liabilities:    
Current portion of capital lease obligations 55 60
Accounts payable 10,325 13,334
Accrued compensation 5,317 9,343
Accrued expenses and other current liabilities 3,826 3,247
Customer deposits 8,400 4,179
Total current liabilities 27,923 30,163
Capital lease obligations 157 98
Accrued compensation   124
Deferred income tax liability 3,546 5,876
Accrued pension liability 1,338 315
Accrued postretirement benefits 787 876
Total liabilities 33,751 37,452
Commitments and contingencies (Notes 6 and 17)
Stockholders’ equity:    
Preferred stock, $1.00 par value, 500 shares authorized
Common stock, $.10 par value, 25,500 shares authorized 10,468 and 10,433 shares issued and 9,646 and 10,133 shares outstanding at March 31, 2016 and 2015, respectively 1,047 1,043
Capital in excess of par value 22,315 21,398
Retained earnings 109,013 106,178
Accumulated other comprehensive loss (10,676) (9,056)
Treasury stock (822 and 299 shares) (12,319) (3,012)
Total stockholders’ equity 109,380 116,551
Total liabilities and stockholders’ equity $ 143,131 $ 154,003