Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Mar. 31, 2016
Current assets:    
Cash and cash equivalents $ 39,474 $ 24,072
Investments 34,000 41,000
Trade accounts receivable, net of allowances ($168 and $91 at March 31, 2017 and 2016, respectively) 11,483 12,730
Unbilled revenue 15,842 11,852
Inventories 9,246 10,811
Prepaid expenses and other current assets 681 613
Income taxes receivable   1,652
Total current assets 110,726 102,730
Property, plant and equipment, net 17,021 18,747
Prepaid pension asset 2,340  
Goodwill 6,938 6,938
Permits 10,300 10,300
Other intangible assets, net 4,068 4,248
Other assets 177 168
Total assets 151,570 143,131
Current liabilities:    
Current portion of capital lease obligations 107 55
Accounts payable 10,295 10,325
Accrued compensation 5,189 5,317
Accrued expenses and other current liabilities 3,723 3,826
Customer deposits 12,407 8,400
Income taxes payable 317  
Total current liabilities 32,038 27,923
Capital lease obligations 143 157
Deferred income tax liability 4,051 3,546
Accrued pension liability 467 1,338
Accrued postretirement benefits 761 787
Total liabilities 37,460 33,751
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; 10,548 and 10,468 shares issued and 9,740 and 9,646 shares outstanding at March 31, 2017 and 2016, respectively 1,055 1,047
Capital in excess of par value 23,176 22,315
Retained earnings 110,544 109,013
Accumulated other comprehensive loss (8,434) (10,676)
Treasury stock (808 and 822 shares at March 31, 2017 and 2016, respectively) (12,231) (12,319)
Total stockholders’ equity 114,110 109,380
Total liabilities and stockholders’ equity $ 151,570 $ 143,131