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
Sep. 30, 2018
Mar. 31, 2018
Current assets:    
Cash and cash equivalents $ 23,378 $ 40,456
Investments 55,611 36,023
Trade accounts receivable, net of allowances ($406 and $339 at September 30 and March 31, 2018, respectively) 15,556 17,026
Unbilled revenue 10,582 8,079
Inventories 20,763 11,566
Prepaid expenses and other current assets 1,572 772
Income taxes receivable 1,782 1,478
Total current assets 129,244 115,400
Property, plant and equipment, net 16,476 17,052
Prepaid pension asset 4,945 4,369
Goodwill 1,222 1,222
Permits 1,700 1,700
Other intangible assets, net 3,298 3,388
Other assets 173 202
Total assets 157,058 143,333
Current liabilities:    
Current portion of capital lease obligations 50 88
Accounts payable 9,317 16,151
Accrued compensation 5,604 4,958
Accrued expenses and other current liabilities 3,541 2,885
Customer deposits 30,539 13,213
Total current liabilities 49,051 37,295
Capital lease obligations 41 55
Deferred income tax liability 1,446 1,427
Accrued pension liability 613 565
Accrued postretirement benefits 653 642
Total liabilities 51,804 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, 10,642 and 10,579 shares issued and 9,833 and 9,772 shares outstanding at September 30 and March 31, 2018, respectively 1,064 1,058
Capital in excess of par value 24,572 23,826
Retained earnings 100,271 99,011
Accumulated other comprehensive loss (8,243) (8,250)
Treasury stock (809 and 807 shares at September 30 and March 31, 2018, respectively) (12,410) (12,296)
Total stockholders’ equity 105,254 103,349
Total liabilities and stockholders’ equity $ 157,058 $ 143,333