Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.5.0.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2016
Mar. 31, 2016
Current assets:    
Cash and cash equivalents $ 26,705 $ 24,072
Investments 41,000 41,000
Trade accounts receivable, net of allowances ($48 and $91 at June 30 and March 31, 2016, respectively) 16,184 12,730
Unbilled revenue 13,720 11,852
Inventories 7,251 10,811
Prepaid expenses and other current assets 1,408 613
Income taxes receivable 1,869 1,652
Total current assets 108,137 102,730
Property, plant and equipment, net 18,298 18,747
Goodwill 6,938 6,938
Permits 10,300 10,300
Other intangible assets, net 4,203 4,248
Other assets 167 168
Total assets 148,043 143,131
Current liabilities:    
Current portion of capital lease obligations 54 55
Accounts payable 9,233 10,325
Accrued compensation 4,955 5,317
Accrued expenses and other current liabilities 4,067 3,826
Customer deposits 15,094 8,400
Total current liabilities 33,403 27,923
Capital lease obligations 147 157
Accrued compensation 81 0
Deferred income tax liability 3,793 3,546
Accrued pension liability 1,158 1,338
Accrued postretirement benefits 794 787
Total liabilities 39,376 33,751
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 10,537 and 10,468 shares issued and 9,714 and 9,646 shares outstanding at June 30 and March 31, respectively 1,054 1,047
Capital in excess of par value 22,319 22,315
Retained earnings 108,232 109,013
Accumulated other comprehensive loss (10,589) (10,676)
Treasury stock, (823 and 822 shares) (12,349) (12,319)
Total stockholders’ equity 108,667 109,380
Total liabilities and stockholders’ equity $ 148,043 $ 143,131