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
Sep. 30, 2020
Mar. 31, 2020
Current assets:    
Cash and cash equivalents $ 62,356 $ 32,955
Investments 5,500 40,048
Trade accounts receivable, net of allowances ($41 and $33 at September 30 and March 31, 2020, respectively) 19,276 15,400
Unbilled revenue 13,691 14,592
Inventories 20,615 22,291
Prepaid expenses and other current assets 1,378 906
Income taxes receivable 322 485
Total current assets 123,138 126,677
Property, plant and equipment, net 17,327 17,587
Prepaid pension asset 3,881 3,460
Operating lease assets 171 243
Other assets 105 153
Total assets 144,622 148,120
Current liabilities:    
Current portion of finance lease obligations 26 40
Accounts payable 11,669 14,253
Accrued compensation 5,082 4,453
Accrued expenses and other current liabilities 3,867 3,352
Customer deposits 24,838 26,983
Operating lease liabilities 110 153
Total current liabilities 45,592 49,234
Finance lease obligations 45 55
Operating lease liabilities 53 82
Deferred income tax liability 988 721
Accrued pension liability 800 747
Accrued postretirement benefits 567 557
Total liabilities 48,045 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 9,977 and 9,881 shares outstanding at September 30 and March 31, 2020, respectively 1,078 1,069
Capital in excess of par value 26,866 26,361
Retained earnings 90,120 91,389
Accumulated other comprehensive loss (8,992) (9,556)
Treasury stock (803 and 808 shares at September 30 and March 31, 2020, respectively) (12,495) (12,539)
Total stockholders’ equity 96,577 96,724
Total liabilities and stockholders’ equity $ 144,622 $ 148,120