Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.25.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Mar. 31, 2025
Current assets:    
Cash and cash equivalents $ 20,579 $ 21,577
Trade accounts receivable, net of allowances ($1,068 and $630 at September 30 and March 31, 2025, respectively) 42,136 35,507
Unbilled revenue 50,113 38,494
Inventories 42,428 40,025
Prepaid expenses and other current assets 4,010 4,249
Income taxes receivable 182 1,520
Total current assets 159,448 141,372
Property, plant and equipment, net 56,547 50,649
Prepaid pension asset 6,020 5,950
Operating lease assets 5,859 6,386
Goodwill 25,520 25,520
Finite-Lived Intangible Assets, Net 22,630 23,627
Tradenames, net 6,808 6,858
Deferred income tax asset 1,442 1,502
Other assets 2,824 2,404
Total assets 286,990 264,110
Current liabilities:    
Current portion of finance lease obligations 22 21
Accounts payable 26,888 27,309
Accrued compensation 14,775 19,161
Accrued expenses and other current liabilities 3,865 4,322
Customer deposits 104,918 84,062
Operating lease liabilities 1,386 1,275
Income taxes payable 90 0
Total current liabilities 151,944 136,150
Finance lease obligations 32 44
Operating lease liabilities 4,890 5,514
Deferred income tax liability 164 0
Accrued pension and postretirement benefit liabilities 1,191 1,192
Other long-term liabilities 1,179 1,633
Total liabilities 159,400 144,533
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, 11,162 and 11,077 shares issued and 10,988 and 10,903 shares outstanding at September 30 and March 31, 2025,respectively 1,116 1,107
Capital in excess of par value 34,618 34,616
Retained earnings 101,914 94,229
Accumulated other comprehensive loss (6,670) (6,987)
Treasury stock (174 shares at September 30 and March 31, 2025) (3,388) (3,388)
Total stockholders’ equity 127,590 119,577
Total liabilities and stockholders’ equity 286,990 264,110
Customer Relationships [Member]    
Current assets:    
Finite-Lived Intangible Assets, Net 12,589 13,159
Technology and Technical Know-How [Member]    
Current assets:    
Finite-Lived Intangible Assets, Net $ 9,933 $ 10,310