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
Sep. 30, 2014
Mar. 31, 2014
Current assets:    
Cash and cash equivalents $ 31,795 $ 32,146
Investments 33,000 29,000
Trade accounts receivable, net of allowances ($47 and $46 at September 30 and March 31, 2014, respectively) 15,288 10,339
Unbilled revenue 10,214 7,830
Inventories 14,036 16,518
Prepaid expenses and other current assets 928 457
Income taxes receivable   498
Deferred income tax asset 876 668
Total current assets 106,137 97,456
Property, plant and equipment, net 19,704 16,449
Prepaid pension asset 6,340 5,759
Goodwill 6,938 6,938
Permits 10,300 10,300
Other intangible assets, net 4,518 4,608
Other assets 194 124
Total assets 154,131 141,634
Current liabilities:    
Current portion of capital lease obligations 61 80
Accounts payable 12,657 10,084
Accrued compensation 6,446 5,701
Accrued expenses and other current liabilities 2,834 2,233
Customer deposits 9,634 8,012
Income taxes payable 443  
Total current liabilities 32,075 26,110
Capital lease obligations 110 136
Accrued compensation   158
Deferred income tax liability 8,361 8,197
Accrued pension liability 294 272
Accrued postretirement benefits 870 853
Total liabilities 41,710 35,726
Commitments and contingencies (Note 11)      
Stockholders' equity:    
Preferred stock, $1.00 par value - Authorized, 500 shares 0 0
Common stock, $.10 par value - Authorized, 25,500 shares Issued, 10,432 and 10,409 shares at September 30 and March 31, 2014, respectively 1,043 1,041
Capital in excess of par value 20,758 20,274
Retained earnings 99,237 93,469
Accumulated other comprehensive loss (5,553) (5,765)
Treasury stock, 306 and 311 shares at September 30 and March 31, 2014, respectively (3,064) (3,111)
Total stockholders' equity 112,421 105,908
Total liabilities and stockholders' equity $ 154,131 $ 141,634