Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.20.4
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2020
Mar. 31, 2020
Current assets:    
Cash and cash equivalents $ 63,792 $ 32,955
Investments 5,500 40,048
Trade accounts receivable, net of allowances ($30 and $33 at December 31 and March 31, 2020, respectively) 19,884 15,400
Unbilled revenue 14,950 14,592
Inventories 17,463 22,291
Prepaid expenses and other current assets 1,004 906
Income taxes receivable 604 485
Total current assets 123,197 126,677
Property, plant and equipment, net 17,457 17,587
Prepaid pension asset 4,091 3,460
Operating lease assets 135 243
Other assets 106 153
Total assets 144,986 148,120
Current liabilities:    
Current portion of finance lease obligations 21 40
Accounts payable 15,753 14,253
Accrued compensation 5,410 4,453
Accrued expenses and other current liabilities 4,123 3,352
Customer deposits 19,115 26,983
Operating lease liabilities 80 153
Total current liabilities 44,502 49,234
Finance lease obligations 39 55
Operating lease liabilities 45 82
Deferred income tax liability 1,668 721
Accrued pension liability 827 747
Accrued postretirement benefits 572 557
Total liabilities 47,653 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, 10,779 and 10,689 shares issued and 9,976 and 9,881 shares outstanding at December 31 and March 31, 2020, respectively 1,078 1,069
Capital in excess of par value 27,193 26,361
Retained earnings 90,083 91,389
Accumulated other comprehensive loss (8,526) (9,556)
Treasury stock (803 and 808 shares at December 31 and March 31, 2020, respectively) (12,495) (12,539)
Total stockholders’ equity 97,333 96,724
Total liabilities and stockholders’ equity $ 144,986 $ 148,120