Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 32,955 $ 15,021
Investments 40,048 62,732
Trade accounts receivable, net of allowances ($33 at each of March 31, 2020 and 2019) 15,400 17,582
Unbilled revenue 14,592 7,522
Inventories 22,291 24,670
Prepaid expenses and other current assets 906 1,333
Income taxes receivable 485 1,073
Assets held for sale   4,850
Total current assets 126,677 134,783
Property, plant and equipment, net 17,587 17,071
Prepaid pension asset 3,460 4,267
Operating lease assets 243  
Other assets 153 149
Total assets 148,120 156,270
Current liabilities:    
Current portion of finance lease obligations 40 51
Accounts payable 14,253 12,405
Accrued compensation 4,453 5,126
Accrued expenses and other current liabilities 3,352 2,933
Customer deposits 26,983 30,847
Operating lease liabilities 153  
Liabilities held for sale   3,525
Total current liabilities 49,234 54,887
Finance lease obligations 55 95
Operating lease liabilities 82  
Deferred income tax liability 721 1,056
Accrued pension liability 747 662
Accrued postretirement benefits 557 604
Total liabilities 51,396 57,304
Commitments and contingencies (Notes 8 and 17)
Stockholders’ equity:    
Preferred stock, $1.00 par value, 500 shares authorized
Common stock, $.10 par value, 25,500 shares authorized; 10,689 and 10,650 shares issued and 9,881 and 9,843 shares outstanding at March 31, 2020 and 2019, respectively 1,069 1,065
Capital in excess of par value 26,361 25,277
Retained earnings 91,389 93,847
Accumulated other comprehensive loss (9,556) (8,833)
Treasury stock (808 and 807 shares at March 31, 2020 and 2019, respectively) (12,539) (12,390)
Total stockholders’ equity 96,724 98,966
Total liabilities and stockholders’ equity $ 148,120 $ 156,270