Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Current assets:    
Cash and cash equivalents $ 26,953 $ 6,580
Trade accounts receivable, net of allowances ($287 and $195 at June 30 and March 31, 2026, respectively) 49,750 33,809
Unbilled revenue 65,884 59,868
Inventories 49,436 50,758
Prepaid expenses and other current assets 5,414 4,255
Income taxes receivable 941 1,184
Total current assets 198,378 156,454
Property, plant and equipment, net 60,747 60,330
Prepaid pension asset 6,669 6,633
Operating lease assets 6,339 6,740
Goodwill 37,326 38,078
Finite-Lived Intangible Assets, Net 37,707 38,662
Other intangible assets, net 13,433 13,458
Deferred income tax asset 134 131
Other assets 3,260 3,188
Total assets 363,960 323,616
Current liabilities:    
Current portion of finance lease obligations 24 23
Accounts payable 24,697 25,740
Accrued compensation 13,142 21,547
Accrued expenses and other current liabilities 8,326 4,728
Customer deposits 113,135 102,421
Operating lease liabilities 1,799 1,806
Income taxes payable 0 5
Total current liabilities 161,123 156,270
Long-term debt 0 13,000
Finance lease obligations 15 21
Operating lease liabilities 4,954 5,343
Deferred income tax liability 1,098 897
Accrued pension and postretirement benefit liabilities 1,144 1,145
Other long-term liabilities 3,430 6,625
Total liabilities 171,764 183,301
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, 11,901 and 11,247 shares issued and 11,727 and 11,073 shares outstanding at June 30 and March 31, 2026, respectively 1,190 1,124
Capital in excess of par value 89,409 41,699
Retained earnings 110,641 106,729
Accumulated other comprehensive loss (5,656) (5,849)
Treasury stock (174 shares at June 30 and March 31, 2026) (3,388) (3,388)
Total stockholders’ equity 192,196 140,315
Total liabilities and stockholders’ equity 363,960 323,616
Customer Relationships [Member]    
Current assets:    
Finite-Lived Intangible Assets, Net 15,016 15,372
Technology and Technical Know-How [Member]    
Current assets:    
Finite-Lived Intangible Assets, Net $ 22,658 $ 23,232