Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.20.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Mar. 31, 2020
Current assets:    
Cash and cash equivalents $ 41,069 $ 32,955
Investments 26,103 40,048
Trade accounts receivable, net of allowances ($47 and $33 at June 30 and March 31, 2020, respectively) 17,054 15,400
Unbilled revenue 15,683 14,592
Inventories 22,656 22,291
Prepaid expenses and other current assets 1,262 906
Income taxes receivable 975 485
Total current assets 124,802 126,677
Property, plant and equipment, net 17,323 17,587
Prepaid pension asset 3,670 3,460
Operating lease assets 206 243
Other assets 105 153
Total assets 146,106 148,120
Current liabilities:    
Current portion of finance lease obligations 33 40
Accounts payable 9,713 14,253
Accrued compensation 4,551 4,453
Accrued expenses and other current liabilities 3,963 3,352
Customer deposits 31,082 26,983
Operating lease liabilities 137 153
Total current liabilities 49,479 49,234
Finance lease obligations 50 55
Operating lease liabilities 60 82
Deferred income tax liability 1,017 721
Accrued pension liability 774 747
Accrued postretirement benefits 562 557
Total liabilities 51,942 51,396
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $1.00 par value, 500 shares authorized
Common stock, $0.10 par value, 25,500 shares authorized, 10,780 and 10,689 shares issued and 9,969 and 9,881 shares outstanding at June 30 and March 31, 2020, respectively 1,078 1,069
Capital in excess of par value 26,516 26,361
Retained earnings 88,474 91,389
Accumulated other comprehensive loss (9,342) (9,556)
Treasury stock (811 and 808 shares at June 30 and March 31, 2020, respectively) (12,562) (12,539)
Total stockholders’ equity 94,164 96,724
Total liabilities and stockholders’ equity $ 146,106 $ 148,120