Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.7.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Mar. 31, 2017
Current assets:    
Cash and cash equivalents $ 25,260 $ 39,474
Investments 50,000 34,000
Trade accounts receivable, net of allowances ($167 and $168 at June 30 and March 31, 2017, respectively) 11,213 11,483
Unbilled revenue 11,459 15,842
Inventories 7,909 9,246
Prepaid expenses and other current assets 910 681
Total current assets 106,751 110,726
Property, plant and equipment, net 16,646 17,021
Prepaid pension asset 2,579 2,340
Goodwill 6,938 6,938
Permits 10,300 10,300
Other intangible assets, net 4,023 4,068
Other assets 294 177
Total assets 147,531 151,570
Current liabilities:    
Current portion of capital lease obligations 107 107
Accounts payable 7,142 10,295
Accrued compensation 4,327 5,189
Accrued expenses and other current liabilities 3,126 3,723
Customer deposits 12,510 12,407
Income taxes payable 389 317
Total current liabilities 27,601 32,038
Capital lease obligations 118 143
Deferred income tax liability 4,353 4,051
Accrued pension liability 489 467
Accrued postretirement benefits 767 761
Total liabilities 33,328 37,460
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 10,580 and 10,548 shares issued and 9,766 and 9,740 shares outstanding at June 30 and March 31, 2017, respectively 1,058 1,055
Capital in excess of par value 23,105 23,176
Retained earnings 110,600 110,544
Accumulated other comprehensive loss (8,210) (8,434)
Treasury stock (814 and 808 shares at June 30 and March 31, 2017, respectively) (12,350) (12,231)
Total stockholders’ equity 114,203 114,110
Total liabilities and stockholders’ equity $ 147,531 $ 151,570