Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Mar. 31, 2014
Current assets:    
Cash and cash equivalents $ 46,410 $ 32,146
Investments 15,000 29,000
Trade accounts receivable, net of allowances ($22 and $46 at June 30 and March 31, 2014, respectively) 12,297 10,339
Unbilled revenue 7,634 7,830
Inventories 12,817 16,518
Prepaid expenses and other current assets 865 457
Income taxes receivable   498
Deferred income tax asset 715 668
Total current assets 95,738 97,456
Property, plant and equipment, net 18,559 16,449
Prepaid pension asset 6,077 5,759
Goodwill 6,938 6,938
Permits 10,300 10,300
Other intangible assets, net 4,563 4,608
Other assets 213 124
Total assets 142,388 141,634
Current liabilities:    
Current portion of capital lease obligations 70 80
Accounts payable 7,132 10,084
Accrued compensation 5,505 5,701
Accrued expenses and other current liabilities 2,688 2,233
Customer deposits 8,515 8,012
Income taxes payable 738  
Total current liabilities 24,648 26,110
Capital lease obligations 124 136
Accrued compensation   158
Deferred income tax liability 8,301 8,197
Accrued pension liability 283 272
Accrued postretirement benefits 862 853
Total liabilities 34,218 35,726
Commitments and contingencies (Note 11)      
Stockholders' equity:    
Preferred stock, $1.00 par value - Authorized, 500 shares      
Common stock, $.10 par value - Authorized, 25,500 shares Issued, 10,430 and 10,409 shares at June 30 and March 31, 2014, respectively 1,043 1,041
Capital in excess of par value 20,458 20,274
Retained earnings 95,456 93,469
Accumulated other comprehensive loss (5,676) (5,765)
Treasury stock, 311 shares at each of June 30 and March 31, 2014 (3,111) (3,111)
Total stockholders' equity 108,170 105,908
Total liabilities and stockholders' equity $ 142,388 $ 141,634