Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Mar. 31, 2011
Current assets:    
Cash and cash equivalents $ 25,189 $ 19,565
Investments 16,499 23,518
Trade accounts receivable, net of allowances ($43 and $26 at March 31, 2012 and 2011, respectively) 11,593 8,681
Unbilled revenue 12,667 14,280
Inventories 6,047 8,257
Prepaid expenses and other current assets 467 826
Income taxes receivable 4,479 0
Deferred income tax asset 37 2,015
Total current assets 76,978 77,142
Property, plant and equipment, net 13,453 11,705
Prepaid pension asset 2,238 6,680
Goodwill 6,938 6,914
Permits 10,300 10,300
Other intangible assets, net 4,968 5,218
Other assets 102 112
Total assets 114,977 118,071
Current liabilities:    
Current portion of capital lease obligations 85 47
Accounts payable 6,303 9,948
Accrued compensation 4,652 4,580
Accrued expenses and other current liabilities 3,707 3,448
Customer deposits 7,257 12,854
Income taxes payable 0 1,772
Deferred income tax liability 2,244 0
Total current liabilities 24,248 32,649
Capital lease obligations 203 116
Accrued compensation 293 259
Deferred income tax liability 7,404 8,969
Accrued pension liability 229 234
Accrued postretirement benefits 895 892
Other long-term liabilities 85 1,297
Total liabilities 33,357 44,416
Commitments and contingencies (Notes 7 and 15)      
Stockholders' equity:    
Preferred stock, $1.00 par value --; Authorized, 500 shares      
Common stock, $.10 par value --; Authorized, 25,500 shares; Issued, 10,297 and 10,216 shares at March 31, 2012 and 2011, respectively 1,030 1,022
Capital in excess of par value 17,745 16,322
Retained earnings 74,383 64,623
Accumulated other comprehensive loss (8,160) (5,012)
Treasury stock (346 and 350 shares at March 31, 2012 and 2011, respectively) (3,378) (3,300)
Total stockholders' equity 81,620 73,655
Total liabilities and stockholders' equity $ 114,977 $ 118,071