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
Sep. 30, 2011
Mar. 31, 2011
Current assets:    
Cash and cash equivalents $ 33,043 $ 19,565
Investments 4,700 23,518
Trade accounts receivable, net of allowances ($50 and $26 at September 30 and March 31, 2011, respectively) 18,130 8,681
Unbilled revenue 14,130 14,280
Inventories 6,609 8,257
Prepaid expenses and other current assets 828 826
Deferred income tax asset 2,010 2,015
Total current assets 79,450 77,142
Property, plant and equipment, net 12,757 11,705
Prepaid pension asset 7,096 6,680
Goodwill 6,914 6,914
Permits 10,300 10,300
Other intangible assets, net 5,057 5,218
Other assets 110 112
Total assets 121,684 118,071
Current liabilities:    
Current portion of capital lease obligations 64 47
Accounts payable 6,335 9,948
Accrued compensation 5,073 4,580
Accrued expenses and other current liabilities 3,371 3,448
Customer deposits 9,702 12,854
Income taxes payable 2,276 1,772
Total current liabilities 26,821 32,649
Capital lease obligations 267 116
Accrued compensation 271 259
Deferred income tax liability 9,158 8,969
Accrued pension liability 232 234
Accrued postretirement benefits 909 892
Other long-term liabilities 1,459 1,297
Total liabilities 39,117 44,416
Commitments and contingencies (Note 13)    
Stockholders' equity:    
Preferred stock, $1.00 par value--Authorized, 500 shares;    
Common stock, $.10 par value--Authorized, 25,500 shares Issued, 10,253 and 10,216 shares at September 30 and March 31, 2011, respectively 1,025 1,022
Capital in excess of par value 16,883 16,322
Retained earnings 72,711 64,623
Accumulated other comprehensive loss (4,830) (5,012)
Treasury stock (339 and 350 shares at September 30 and March 31, 2011, respectively) (3,222) (3,300)
Total stockholders' equity 82,567 73,655
Total liabilities and stockholders' equity $ 121,684 $ 118,071