Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Current assets:      
Cash and cash equivalents $ 18,257 $ 14,741  
Trade accounts receivable, net of allowances ($1,841 and $87 at March 31, 2023 and 2022, respectively) 24,000 27,645  
Unbilled revenue 39,684 25,570  
Inventories 26,293 17,414  
Prepaid expenses and other current assets 1,534 1,391  
Income taxes receivable 302 459  
Total current assets 110,070 87,220  
Property, plant and equipment, net 25,523 24,884  
Prepaid pension asset 6,107 7,058  
Operating lease assets 8,237 8,394  
Goodwill 23,523 23,523  
Other intangible assets, net 7,610 8,990  
Deferred income tax asset 2,798 2,441  
Other assets 158 194  
Total assets 203,918 183,691  
Current liabilities:      
Current portion of long-term debt 2,000 2,000  
Current portion of finance lease obligations 29 23  
Accounts payable 20,222 16,662  
Accrued compensation 10,401 7,991  
Accrued expenses and other current liabilities 6,434 6,047  
Customer deposits 46,042 25,644  
Operating lease liabilities 1,022 1,057  
Income taxes payable 16 0  
Total current liabilities 86,166 59,424  
Long-term debt 9,744 16,378  
Finance lease obligations 85 11  
Operating lease liabilities 7,498 7,460  
Deferred income tax liability 108 62  
Accrued pension and postretirement benefit liabilities 1,342 1,666  
Other long-term liabilities 2,042 2,196  
Total liabilities 106,985 87,197  
Commitments and contingencies (Notes 7 and 16)  
Stockholders’ equity:      
Preferred stock, $1.00 par value, 500 shares authorized  
Common stock, $.10 par value, 25,500 shares authorized; 10,774 and 10,801 shares issued and 10,635 and 10,636 shares outstanding at March 31, 2023 and 2022, respectively 1,075 1,080  
Capital in excess of par value 28,061 27,770  
Retained earnings 77,443 77,076  
Accumulated other comprehensive loss (7,463) (6,471)  
Treasury stock (138 and 164 shares at March 31, 2023 and 2022, respectively) (2,183) (2,961)  
Total stockholders’ equity 96,933 96,494 $ 97,929
Total liabilities and stockholders’ equity 203,918 183,691  
Customer Relationships [Member]      
Current assets:      
Finite-Lived Intangible Assets, Net 10,718 11,308  
Technology And Technical Know How [Member]      
Current assets:      
Finite-Lived Intangible Assets, Net $ 9,174 $ 9,679