Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Mar. 31, 2026
Current assets:    
Cash and cash equivalents $ 71,427 $ 6,580
Trade accounts receivable, net of allowances ($244 and $195 at September 30 and March 31, 2026, respectively) 45,778 33,809
Unbilled revenue 44,515 59,868
Inventories 55,369 50,758
Prepaid expenses and other current assets 5,271 4,255
Income taxes receivable 33 1,184
Total current assets 222,393 156,454
Property, plant and equipment, net 61,538 60,330
Prepaid pension asset 6,706 6,633
Operating lease assets 5,983 6,740
Goodwill 37,326 38,078
Finite-Lived Intangible Assets, Net 36,751 38,662
Other intangible assets, net 13,408 13,458
Deferred income tax asset 209 131
Other assets 3,326 3,188
Total assets 387,632 323,616
Current liabilities:    
Current portion of finance lease obligations 24 23
Accounts payable 23,999 25,740
Accrued compensation 15,614 21,547
Accrued expenses and other current liabilities 7,676 4,728
Customer deposits 129,655 102,421
Operating lease liabilities 1,807 1,806
Income taxes payable 416 5
Total current liabilities 179,191 156,270
Long-term debt 0 13,000
Finance lease obligations 8 21
Operating lease liabilities 4,587 5,343
Deferred income tax liability 962 897
Accrued pension and postretirement benefit liabilities 1,143 1,145
Other long-term liabilities 3,440 6,625
Total liabilities 189,331 183,301
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, 11,912 and 11,247 shares issued and 11,738 and 11,073 shares outstanding at September 30 and March 31, 2026,respectively 1,191 1,124
Capital in excess of par value 90,707 41,699
Retained earnings 115,278 106,729
Accumulated other comprehensive loss (5,487) (5,849)
Treasury stock (174 shares at September 30 and March 31, 2026) (3,388) (3,388)
Total stockholders’ equity 198,301 140,315
Total liabilities and stockholders’ equity 387,632 323,616
Customer Relationships [Member]    
Current assets:    
Finite-Lived Intangible Assets, Net 14,660 15,372
Technology and Technical Know-How [Member]    
Current assets:    
Finite-Lived Intangible Assets, Net $ 22,083 $ 23,232