Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.23.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 25,800 $ 18,257
Trade accounts receivable, net of allowances ($1,887 and $1,841 at September 30 and March 31, 2023, respectively) 28,710 24,000
Unbilled revenue 34,975 39,684
Inventories 27,009 26,293
Prepaid expenses and other current assets 2,850 1,534
Income taxes receivable 774 302
Total current assets 120,118 110,070
Property, plant and equipment, net 27,122 25,523
Prepaid pension asset 6,251 6,107
Operating lease assets 7,775 8,237
Goodwill 23,523 23,523
Total intangible amortization 19,911  
Other intangible assets, net 7,266 7,610
Deferred income tax asset 1,489 2,798
Other assets 239 158
Total assets 213,128 203,918
Current liabilities:    
Current portion of long-term debt 2,000 2,000
Current portion of finance lease obligations 19 29
Accounts payable 13,554 20,222
Accrued compensation 11,357 10,401
Accrued expenses and other current liabilities 6,262 6,434
Customer deposits 59,526 46,042
Operating lease liabilities 1,125 1,022
Income taxes payable 0 16
Total current liabilities 93,843 86,166
Long-term debt 8,863 9,744
Finance lease obligations 76 85
Operating lease liabilities 6,993 7,498
Deferred income tax liability 48 108
Accrued pension and postretirement benefit liabilities 1,341 1,342
Other long-term liabilities 1,169 2,042
Total liabilities 112,333 106,985
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Preferred stock, $1.00 par value, 500 shares authorized 0 0
Common stock, $0.10 par value, 25,500 shares authorized, 10,846 and 10,774 shares issued and 10,703 and 10,635 shares outstanding at September 30 and March 31, 2023, respectively 1,084 1,075
Capital in excess of par value 29,196 28,061
Retained earnings 80,494 77,443
Accumulated other comprehensive loss (7,445) (7,463)
Treasury stock (143 and 138 shares at September 30 and March 31, 2023, respectively) (2,534) (2,183)
Total stockholders’ equity 100,795 96,933
Total liabilities and stockholders’ equity 213,128 203,918
Customer Relationships [Member]    
Current assets:    
Total intangible amortization 10,423 10,718
Technology and Technical Know-How [Member]    
Current assets:    
Total intangible amortization $ 8,922 $ 9,174