Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.22.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2021
Mar. 31, 2021
Current assets:    
Cash and cash equivalents $ 13,991 $ 59,532
Investments   5,500
Trade accounts receivable, net of allowances ($176 and $29 at December 31 and March 31, 2021, respectively) 36,650 17,378
Unbilled revenue 24,930 19,994
Inventories 20,428 17,332
Prepaid expenses and other current assets 1,905 512
Income taxes receivable 2,670  
Total current assets 100,574 120,248
Property, plant and equipment, net 25,218 17,618
Prepaid pension asset 7,121 6,216
Operating lease assets 8,708 95
Goodwill 22,823  
Other intangible assets, net 10,173  
Other assets 202 103
Total assets 196,080 144,280
Current liabilities:    
Short-term debt obligations 9,750  
Current portion of long-term debt 2,000  
Current portion of finance lease obligations 23 21
Accounts payable 14,650 17,972
Accrued compensation 7,951 6,106
Accrued expenses and other current liabilities 5,414 4,628
Customer deposits 27,665 14,059
Operating lease liabilities 1,114 46
Income taxes payable   741
Total current liabilities 68,567 43,573
Long-term debt 17,000  
Finance lease obligations 17 34
Operating lease liabilities 7,702 37
Deferred income tax liability 977 635
Accrued pension and postretirement benefit liabilities 1,958 2,072
Other long-term liabilities 2,320  
Total liabilities 98,541 46,351
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, 10,810 and 10,748 shares issued and 10,638 and 9,959 shares outstanding at December 31 and March 31, 2021, respectively 1,081 1,075
Capital in excess of par value 27,608 27,272
Retained earnings 78,500 89,372
Accumulated other comprehensive loss (6,565) (7,397)
Treasury stock (172 and 790 shares at December 31 and March 31, 2021, respectively) (3,085) (12,393)
Total stockholders’ equity 97,539 97,929
Total liabilities and stockholders’ equity 196,080 $ 144,280
Customer Relationships [Member]    
Current assets:    
Intangible assets 11,456  
Technology and Technical Know-How [Member]    
Current assets:    
Intangible assets $ 9,805