Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.3.1.900
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2015
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 31,215 $ 27,271
Investments 42,000 33,000
Trade accounts receivable, net of allowances ($76 and $62 at December 31 and March 31, 2015, respectively) 10,860 17,249
Unbilled revenue 8,454 18,665
Inventories 11,803 13,994
Prepaid expenses and other current assets 866 529
Income taxes receivable 2,871 339
Total current assets 108,069 111,047
Property, plant and equipment, net 18,975 19,812
Prepaid pension asset 2,248 1,332
Goodwill 6,938 6,938
Permits 10,300 10,300
Other intangible assets, net 4,293 4,428
Other assets 186 146
Total assets 151,009 154,003
Current liabilities:    
Current portion of capital lease obligations 55 60
Accounts payable 10,909 13,334
Accrued compensation 5,500 9,343
Accrued expenses and other current liabilities 3,153 3,247
Customer deposits 8,120 4,179
Total current liabilities 27,737 30,163
Capital lease obligations 174 98
Accrued compensation   124
Deferred income tax liability 6,784 5,876
Accrued pension liability 353 315
Accrued postretirement benefits 895 876
Total liabilities $ 35,943 $ 37,452
Commitments and contingencies (Note 11)
Stockholders' equity:    
Preferred stock, $1.00 par value, 500 shares authorized $ 0 $ 0
Common stock, $.10 par value, 25,500 shares authorized 10,468 and 10,432 shares issued and 9,848 and 10,133 shares outstanding 1,047 1,043
Capital in excess of par value 22,101 21,398
Retained earnings 109,374 106,178
Accumulated other comprehensive loss (8,651) (9,056)
Treasury stock (620 and 299 shares) (8,805) (3,012)
Total stockholders' equity 115,066 116,551
Total liabilities and stockholders' equity $ 151,009 $ 154,003