Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Mar. 31, 2012
Current assets:    
Cash and cash equivalents $ 24,194 $ 25,189
Investments 27,498 16,499
Trade accounts receivable, net of allowances ($33 and $43 at March 31, 2013 and 2012, respectively) 9,440 11,593
Unbilled revenue 13,113 12,667
Inventories 11,171 6,047
Prepaid expenses and other current assets 783 467
Income taxes receivable 2,635 4,479
Deferred income tax asset 69 37
Total current assets 88,903 76,978
Property, plant and equipment, net 13,288 13,453
Prepaid pension asset 2,349 2,238
Goodwill 6,938 6,938
Permits 10,300 10,300
Other intangible assets, net 4,788 4,968
Other assets 167 102
Total assets 126,733 114,977
Current liabilities:    
Current portion of capital lease obligations 87 85
Accounts payable 9,429 6,303
Accrued compensation 5,018 4,652
Accrued expenses and other current liabilities 3,051 3,707
Customer deposits 6,919 7,257
Deferred income tax liability 373 2,244
Total current liabilities 24,877 24,248
Capital lease obligations 127 203
Accrued compensation 308 293
Deferred income tax liability 7,131 7,404
Accrued pension liability 227 229
Accrued postretirement benefits 923 895
Other long-term liabilities 145 85
Total liabilities 33,738 33,357
Commitments and contingencies (Notes 7 and 15)      
Stockholders' equity:    
Preferred stock, $1.00 par value - Authorized, 500 shares      
Common stock, $.10 par value - Authorized, 25,500 shares Issued, 10,331 and 10,297 shares at March 31, 2013 and 2012, respectively 1,033 1,030
Capital in excess of par value 18,596 17,745
Retained earnings 84,632 74,383
Accumulated other comprehensive loss (8,033) (8,160)
Treasury stock (327 and 346 shares at March 31, 2013 and 2012, respectively) (3,233) (3,378)
Total stockholders' equity 92,995 81,620
Total liabilities and stockholders' equity $ 126,733 $ 114,977