Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2018
Mar. 31, 2018
Current assets:    
Cash and cash equivalents $ 16,675 $ 40,456
Investments 63,732 36,023
Trade accounts receivable, net of allowances ($389 and $339 at December 31 and March 31, 2018, respectively) 15,157 17,026
Unbilled revenue 7,317 8,079
Inventories 22,525 11,566
Prepaid expenses and other current assets 1,671 772
Income taxes receivable 708 1,478
Total current assets 127,785 115,400
Property, plant and equipment, net 17,365 17,052
Prepaid pension asset 5,262 4,369
Goodwill 1,222 1,222
Permits 1,700 1,700
Other intangible assets, net 3,253 3,388
Other assets 174 202
Total assets 156,761 143,333
Current liabilities:    
Current portion of capital lease obligations 52 88
Accounts payable 7,477 16,151
Accrued compensation 5,186 4,958
Accrued expenses and other current liabilities 3,822 2,885
Customer deposits 32,572 13,213
Total current liabilities 49,109 37,295
Capital lease obligations 109 55
Deferred income tax liability 1,437 1,427
Accrued pension liability 638 565
Accrued postretirement benefits 659 642
Total liabilities 51,952 39,984
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, 10,641 and 10,579 shares issued and 9,832 and 9,772 shares outstanding at December 31 and March 31, 2018, respectively 1,064 1,058
Capital in excess of par value 24,835 23,826
Retained earnings 99,383 99,011
Accumulated other comprehensive loss (8,063) (8,250)
Treasury stock (809 and 807 shares at December 31 and March 31, 2018, respectively) (12,410) (12,296)
Total stockholders’ equity 104,809 103,349
Total liabilities and stockholders’ equity $ 156,761 $ 143,333