Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Mar. 31, 2018
Current assets:    
Cash and cash equivalents $ 16,677 $ 40,456
Investments 58,611 36,023
Trade accounts receivable, net of allowances ($307 and $339 at June 30 and March 31, 2018, respectively) 12,698 17,026
Unbilled revenue 11,844 8,079
Inventories 19,323 11,566
Prepaid expenses and other current assets 1,342 772
Income taxes receivable 993 1,478
Total current assets 121,488 115,400
Property, plant and equipment, net 16,722 17,052
Prepaid pension asset 4,657 4,369
Goodwill 1,222 1,222
Permits 1,700 1,700
Other intangible assets, net 3,343 3,388
Other assets 221 202
Total assets 149,353 143,333
Current liabilities:    
Current portion of capital lease obligations 69 88
Accounts payable 8,296 16,151
Accrued compensation 5,001 4,958
Accrued expenses and other current liabilities 3,469 2,885
Customer deposits 25,867 13,213
Total current liabilities 42,702 37,295
Capital lease obligations 47 55
Deferred income tax liability 1,417 1,427
Accrued pension liability 589 565
Accrued postretirement benefits 646 642
Total liabilities 45,401 39,984
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 10,638 and 10,579 shares issued and 9,825 and 9,772 shares outstanding at June 30 and March 31, 2018, respectively 1,064 1,058
Capital in excess of par value 24,182 23,826
Retained earnings 99,427 99,011
Accumulated other comprehensive loss (8,279) (8,250)
Treasury stock (813 and 807 shares at June 30 and March 31, 2018, respectively) (12,442) (12,296)
Total stockholders’ equity 103,952 103,349
Total liabilities and stockholders’ equity $ 149,353 $ 143,333