Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.23.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 24,662 $ 18,257
Trade accounts receivable, net of allowances ($1,878 and $1,841 at June 30 and March 31, 2023, respectively) 29,544 24,000
Unbilled revenue 34,467 39,684
Inventories 25,490 26,293
Prepaid expenses and other current assets 2,675 1,534
Income taxes receivable 509 302
Total current assets 117,347 110,070
Property, plant and equipment, net 25,910 25,523
Prepaid pension asset 6,179 6,107
Operating lease assets 8,071 8,237
Goodwill 23,523 23,523
Finite-Lived Intangible Assets, Net 20,357  
Other intangible assets, net 7,438 7,610
Deferred income tax asset 1,792 2,798
Other assets 149 158
Total assets 210,028 203,918
Current liabilities:    
Current portion of long-term debt 2,000 2,000
Current portion of finance lease obligations 26 29
Accounts payable 15,085 20,222
Accrued compensation 10,334 10,401
Accrued expenses and other current liabilities 5,706 6,434
Customer deposits 56,016 46,042
Operating lease liabilities 1,114 1,022
Income taxes payable 62 0
Total current liabilities 90,343 86,166
Long-term debt 9,303 9,744
Finance lease obligations 77 85
Operating lease liabilities 7,278 7,498
Deferred income tax liability 1 108
Accrued pension and postretirement benefit liabilities 1,337 1,342
Other long-term liabilities 1,968 2,042
Total liabilities 110,307 106,985
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $1.00 par value, 500 shares authorized 0 0
Common stock, $0.10 par value, 25,500 shares authorized, 10,818 and 10,774 shares issued and 10,675 and 10,635 shares outstanding at June 30 and March 31, 2023, respectively 1,082 1,075
Capital in excess of par value 28,641 28,061
Retained earnings 80,083 77,443
Accumulated other comprehensive loss (7,551) (7,463)
Treasury stock (143 and 138 shares at June 30 and March 31, 2023, respectively) (2,534) (2,183)
Total stockholders’ equity 99,721 96,933
Total liabilities and stockholders’ equity 210,028 203,918
Customer Relationships [Member]    
Current assets:    
Finite-Lived Intangible Assets, Net 10,571 10,718
Technology and Technical Know-How [Member]    
Current assets:    
Finite-Lived Intangible Assets, Net $ 9,048 $ 9,174