Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.24.0.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2023
Mar. 31, 2023
Current assets:    
Cash and cash equivalents $ 15,163 $ 18,257
Trade accounts receivable, net of allowances ($1,834 and $1,841 at December 31 and March 31, 2023, respectively) 35,666 24,000
Unbilled revenue 28,671 39,684
Inventories 31,078 26,293
Prepaid expenses and other current assets 4,011 1,534
Income taxes receivable 745 302
Total current assets 115,334 110,070
Property, plant and equipment, net 29,027 25,523
Prepaid pension asset 6,322 6,107
Operating lease assets 7,626 8,237
Goodwill 25,087 23,523
Finite-Lived Intangible Assets, Net 26,516  
Other intangible assets, net 7,378 7,610
Deferred income tax asset 1,734 2,798
Other assets 368 158
Total assets 218,714 203,918
Current liabilities:    
Short-term debt obligations 3,000 0
Current portion of long-term debt 0 2,000
Current portion of finance lease obligations 19 29
Accounts payable 16,365 20,222
Accrued compensation 14,726 10,401
Accrued expenses and other current liabilities 5,255 6,434
Customer deposits 63,005 46,042
Operating lease liabilities 1,221 1,022
Income taxes payable 0 16
Total current liabilities 103,591 86,166
Long-term debt 0 9,744
Finance lease obligations 72 85
Operating lease liabilities 6,760 7,498
Deferred income tax liability 61 108
Accrued pension and postretirement benefit liabilities 1,341 1,342
Other long-term liabilities 3,133 2,042
Total liabilities 114,958 106,985
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, 10,971 and 10,774 shares issued and 10,828 and 10,635 shares outstanding at December 31 and March 31, 2023, respectively 1,097 1,075
Capital in excess of par value 31,678 28,061
Retained earnings 80,659 77,443
Accumulated other comprehensive loss (7,144) (7,463)
Treasury stock (143 and 138 shares at December 31 and March 31, 2023, respectively) (2,534) (2,183)
Total stockholders’ equity 103,756 96,933
Total liabilities and stockholders’ equity 218,714 203,918
Customer Relationships [Member]    
Current assets:    
Finite-Lived Intangible Assets, Net 14,584 10,718
Technology and Technical Know-How [Member]    
Current assets:    
Finite-Lived Intangible Assets, Net $ 11,254 $ 9,174