Quarterly report pursuant to Section 13 or 15(d)

Other Expense

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Other Expense
3 Months Ended
Jun. 30, 2019
Other Income And Expenses [Abstract]  
Other Expense

NOTE 15 – OTHER EXPENSE:

On June 24, 2019, the Company sold Energy Steel and recognized a loss on the sale of $87.  See Note 5 to the Condensed Consolidated Financial Statements for further discussion of the sale.  In addition, during the first quarter of fiscal 2019, the Company incurred a bad debt charge of $98 and an inventory write down of $338 related to the bankruptcy of Westinghouse Electric Company.  All of these items are included in the line item “Other expense” in the Condensed Consolidated Statement of Income and Retained Earnings for the three months ended June 30, 2019.