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, 2019
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 11,882 $ 15,021
Investments 61,914 62,732
Trade accounts receivable, net of allowances ($26 and $33 at September 30 and March 31, 2019, respectively) 12,120 17,582
Unbilled revenue 13,036 7,522
Inventories 23,597 24,670
Prepaid expenses and other current assets 1,165 1,333
Income taxes receivable 840 1,073
Assets held for sale   4,850
Total current assets 124,554 134,783
Property, plant and equipment, net 16,761 17,071
Prepaid pension asset 4,702 4,267
Operating lease assets 312  
Other assets 135 149
Total assets 146,464 156,270
Current liabilities:    
Current portion of capital lease obligations 50 51
Accounts payable 7,617 12,405
Accrued compensation 5,273 5,126
Accrued expenses and other current liabilities 2,443 2,933
Customer deposits 29,609 30,847
Operating lease liabilities 148  
Liabilities held for sale   3,525
Total current liabilities 45,140 54,887
Capital lease obligations 71 95
Operating lease liabilities 157  
Deferred income tax liability 1,283 1,056
Accrued pension liability 704 662
Accrued postretirement benefits 614 604
Total liabilities 47,969 57,304
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Preferred stock, $1.00 par value, 500 shares authorized
Common stock, $.10 par value, 25,500 shares authorized, 10,699 and 10,650 shares issued and 9,883 and 9,843 shares outstanding at September 30 and March 31, 2019, respectively 1,070 1,065
Capital in excess of par value 25,714 25,277
Retained earnings 92,979 93,847
Accumulated other comprehensive loss (8,667) (8,833)
Treasury stock (816 and 807 shares at September 30 and March 31, 2019, respectively) (12,601) (12,390)
Total stockholders’ equity 98,495 98,966
Total liabilities and stockholders’ equity $ 146,464 $ 156,270