Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Stockholders' Equity

v2.4.0.6
Consolidated Statements of Changes in Stockholders' Equity (USD $)
In Thousands, except Share data
Total
Common Stock
Capital in Excess of Par Value
Retained Earnings
Accumulated Other Comprehensive Loss
Treasury Stock
Notes Receivable
Beginning balance at Mar. 31, 2009 $ 61,111 $ 1,013 $ 14,923 $ 53,966 $ (6,460) [1] $ (2,325) $ (6)
Beginning balance, shares at Mar. 31, 2009   10,127,208          
Net income 6,361     6,361      
Foreign currency translation adjustment 2       2 [1]    
Pension and other postretirement benefits adjustments, net of income tax of $1,726, $502 and $1,289 for year 2011, 2010 and 2009 respectively 2,072       2,072 [1]    
Total comprehensive income 8,435            
Issuance of shares, shares   27,896          
Issuance of shares 63 3 60        
Stock award tax benefit 40   40        
Dividends (788)     (788)      
Recognition of equity-based compensation expense 436   436        
Purchase of treasury stock (229)         (229)  
Collection of notes receivable from officers and directors 6           6
Ending balance at Mar. 31, 2010 69,074 1,016 15,459 59,539 (4,386) [1] (2,554) 0
Ending balance, shares at Mar. 31, 2010   10,155,104          
Net income 5,874     5,874      
Foreign currency translation adjustment 81       81 [1]    
Pension and other postretirement benefits adjustments, net of income tax of $1,726, $502 and $1,289 for year 2011, 2010 and 2009 respectively (707)       (707) [1]    
Total comprehensive income 5,248            
Issuance of shares, shares   60,521          
Issuance of shares 236 6 230        
Stock award tax benefit 120   120        
Dividends (790)     (790)      
Recognition of equity-based compensation expense 478   478        
Purchase of treasury stock (874)         (874)  
Issuance of treasury stock 163   35     128  
Ending balance at Mar. 31, 2011 73,655 1,022 16,322 64,623 (5,012) [1] (3,300) 0
Ending balance, shares at Mar. 31, 2011   10,215,625          
Net income 10,553     10,553      
Foreign currency translation adjustment 75       75 [1]    
Pension and other postretirement benefits adjustments, net of income tax of $1,726, $502 and $1,289 for year 2011, 2010 and 2009 respectively (3,223)       (3,223) [1]    
Total comprehensive income 7,405            
Issuance of shares, shares   81,644          
Issuance of shares 386 8 378        
Stock award tax benefit 247   247        
Dividends (793)     (793)      
Recognition of equity-based compensation expense 611   611        
Purchase of treasury stock (221)         (221)  
Issuance of treasury stock 330   187     143  
Ending balance at Mar. 31, 2012 $ 81,620 $ 1,030 $ 17,745 $ 74,383 $ (8,160) [1] $ (3,378) $ 0
Ending balance, shares at Mar. 31, 2012   10,297,269          
[1] Accumulated foreign currency translation adjustments were $375, $300 and $219, accumulated pension benefit adjustments were $(8,515), $(5,418) and $(4,845), and accumulated other postretirement benefit adjustments were $(20), $106 and $240 at March 31, 2012, 2011 and 2010, respectively, net of tax.