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
Sep. 30, 2015
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 29,416 $ 27,271
Investments 33,000 33,000
Trade accounts receivable, net of allowances ($91 and $62 at September 30 and March 31, 2015, respectively) 22,161 17,249
Unbilled revenue 8,544 18,665
Inventories 10,654 13,994
Prepaid expenses and other current assets 922 529
Income taxes receivable 2,352 339
Deferred income tax asset 262 647
Total current assets 107,311 111,694
Property, plant and equipment, net 19,125 19,812
Prepaid pension asset 1,943 1,332
Goodwill 6,938 6,938
Permits 10,300 10,300
Other intangible assets, net 4,338 4,428
Other assets 129 150
Total assets 150,084 154,654
Current liabilities:    
Current portion of capital lease obligations 51 60
Accounts payable 12,508 13,334
Accrued compensation 5,905 9,343
Accrued expenses and other current liabilities 3,718 3,247
Customer deposits 2,858 4,179
Deferred income tax liability 264 164
Total current liabilities 25,304 30,327
Capital lease obligations 79 98
Accrued compensation   124
Deferred income tax liability 6,717 6,363
Accrued pension liability 340 315
Accrued postretirement benefits 889 876
Total liabilities $ 33,329 $ 38,103
Commitments and contingencies (Note 11)
Stockholders' equity:    
Preferred stock, $1.00 par value, 500 shares authorized
Common stock, $.10 par value, 25,500 shares authorized 10,468 and 10,432 shares issued and 9,989 and 10,133 shares outstanding $ 1,047 $ 1,043
Capital in excess of par value 21,939 21,398
Retained earnings 108,895 106,178
Accumulated other comprehensive loss (8,775) (9,056)
Treasury stock (479 and 299 shares) (6,351) (3,012)
Total stockholders' equity 116,755 116,551
Total liabilities and stockholders' equity $ 150,084 $ 154,654