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
Sep. 30, 2021
Mar. 31, 2021
Current assets:    
Cash and cash equivalents $ 16,463 $ 59,532
Investments   5,500
Trade accounts receivable, net of allowances ($62 and $29 at September 30 and March 31, 2021, respectively) 27,878 17,378
Unbilled revenue 29,035 19,994
Inventories 17,722 17,332
Prepaid expenses and other current assets 2,193 512
Income taxes receivable 2,149  
Total current assets 95,440 120,248
Property, plant and equipment, net 25,336 17,618
Prepaid pension asset 6,819 6,216
Operating lease assets 9,016 95
Goodwill 22,823  
Other intangible assets, net 10,656  
Other assets 211 103
Total assets 191,836 144,280
Current liabilities:    
Short-term debt obligations 4,000  
Current portion of long-term debt 2,000  
Current portion of finance lease obligations 22 21
Accounts payable 16,139 17,972
Accrued compensation 8,156 6,106
Accrued expenses and other current liabilities 5,511 4,628
Customer deposits 21,941 14,059
Operating lease liabilities 1,131 46
Income taxes payable   741
Total current liabilities 58,900 43,573
Long-term debt 17,500  
Finance lease obligations 23 34
Operating lease liabilities 7,958 37
Deferred income tax liability 1,455 635
Accrued pension and postretirement benefit liabilities 1,945 2,072
Other long-term liabilities 2,203  
Total liabilities 89,984 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, 10,810 and 10,748 shares issued and 10,638 and 9,959 shares outstanding at September 30 and March 31, 2021, respectively 1,081 1,075
Capital in excess of par value 27,339 27,272
Retained earnings 83,400 89,372
Accumulated other comprehensive loss (6,883) (7,397)
Treasury stock (172 and 790 shares at September 30 and March 31, 2021, respectively) (3,085) (12,393)
Total stockholders’ equity 101,852 97,929
Total liabilities and stockholders’ equity 191,836 $ 144,280
Customer Relationships [Member]    
Current assets:    
Intangible assets 11,603  
Technology and Technical Know How [Member]    
Current assets:    
Intangible assets $ 9,932