Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.21.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Mar. 31, 2021
Current assets:    
Cash and cash equivalents $ 19,143 $ 59,532
Investments   5,500
Trade accounts receivable, net of allowances ($67 and $29 at June 30 and March 31, 2021, respectively) 18,273 17,378
Unbilled revenue 28,533 19,994
Inventories 19,144 17,332
Prepaid expenses and other current assets 1,557 512
Income taxes receivable 1,416  
Total current assets 88,066 120,248
Property, plant and equipment, net 25,618 17,618
Prepaid pension asset 6,518 6,216
Operating lease assets 9,146 95
Goodwill 22,923  
Other intangible assets, net 11,067  
Other assets 219 103
Total assets 185,366 144,280
Current liabilities:    
Short-term debt obligations 2,500  
Current portion of long-term debt 2,000  
Current portion of finance lease obligations 22 21
Accounts payable 15,124 17,972
Accrued compensation 6,049 6,106
Accrued expenses and other current liabilities 7,421 4,628
Customer deposits 17,034 14,059
Operating lease liabilities 1,081 46
Income taxes payable   741
Total current liabilities 51,231 43,573
Long-term debt 18,000  
Finance lease obligations 28 34
Operating lease liabilities 8,103 37
Deferred income tax liability 906 635
Accrued pension and postretirement benefit liabilities 2,087 2,072
Other long-term liabilities 1,811  
Total liabilities 82,166 46,351
Commitments and contingencies (Note 11)
Stockholders’ equity:    
Preferred stock, $1.00 par value, 500 shares authorized
Common stock, $0.10 par value, 25,500 shares authorized, 10,874 and 10,748 shares issued and 10,691 and 9,959 shares outstanding at June 30 and March 31, 2021, respectively 1,087 1,075
Capital in excess of par value 27,419 27,272
Retained earnings 85,069 89,372
Accumulated other comprehensive loss (7,099) (7,397)
Treasury stock (183 and 790 shares at June 30 and March 31, 2021, respectively) (3,276) (12,393)
Total stockholders’ equity 103,200 97,929
Total liabilities and stockholders’ equity 185,366 $ 144,280
Customer Relationships [Member]    
Current assets:    
Intangible assets 11,751  
Technology and Technical Know How [Member]    
Current assets:    
Intangible assets $ 10,058