Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 21,577 $ 16,939
Trade accounts receivable, net of allowances ($630 and $79 at March 31, 2025 and 2024, respectively) 35,507 44,400
Unbilled revenue 38,494 28,015
Inventories 40,025 33,410
Prepaid expenses and other current assets 4,249 3,561
Income taxes receivable 1,520 0
Total current assets 141,372 126,325
Property, plant and equipment, net 50,649 32,080
Prepaid pension asset 5,950 6,396
Operating lease assets 6,386 7,306
Goodwill 25,520 25,520
Finite-Lived Intangible Assets, Net 23,627 25,845
Other intangible assets, net 6,858 7,181
Deferred income tax asset 1,502 2,983
Other assets 2,404 724
Total assets 264,110 233,879
Current liabilities:    
Current portion of finance lease obligations 21 20
Accounts payable 27,309 20,788
Accrued compensation 19,161 16,800
Accrued expenses and other current liabilities 4,322 6,666
Customer deposits 84,062 71,987
Operating lease liabilities 1,275 1,237
Income taxes payable 0 715
Total current liabilities 136,150 118,213
Finance lease obligations 44 65
Operating lease liabilities 5,514 6,449
Accrued pension and postretirement benefit liabilities 1,192 1,254
Other long-term liabilities 1,633 2,332
Total liabilities 144,533 128,313
Commitments and contingencies (Notes 8 and 17)
Stockholders’ equity:    
Common stock, $0.10 par value, 25,500 shares authorized; 11,077 and 10,993 shares issued and 10,903 and 10,850 shares outstanding at March 31, 2025 and 2024, respectively 1,107 1,099
Capital in excess of par value 34,616 32,015
Retained earnings 94,229 81,999
Accumulated other comprehensive loss (6,987) (7,013)
Treasury stock (174 and 143 shares at March 31, 2025 and 2024, respectively) (3,388) (2,534)
Total stockholders’ equity 119,577 105,566
Total liabilities and stockholders’ equity 264,110 233,879
Customer Relationships [Member]    
Current assets:    
Finite-Lived Intangible Assets, Net 13,159 14,299
Technology and Technical Know-How [Member]    
Current assets:    
Finite-Lived Intangible Assets, Net $ 10,310 $ 11,065