Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.22.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Mar. 31, 2022
Current assets:    
Cash and cash equivalents $ 12,905 $ 14,741
Trade accounts receivable, net of allowances ($98 and $87 at June 30 and March 31, 2022, respectively) 27,420 27,645
Unbilled revenue 28,091 25,570
Inventories 18,260 17,414
Prepaid expenses and other current assets 2,215 1,391
Income taxes receivable 434 459
Total current assets 89,325 87,220
Property, plant and equipment, net 24,225 24,884
Prepaid pension asset 7,221 7,058
Operating lease assets 8,201 8,394
Goodwill 23,523 23,523
Other intangible assets, net 8,645 8,990
Deferred income tax asset 2,175 2,441
Other assets 184 194
Total assets 184,213 183,691
Current liabilities:    
Current portion of long-term debt 2,000 2,000
Current portion of finance lease obligations 24 23
Accounts payable 19,473 16,662
Accrued compensation 8,846 7,991
Accrued expenses and other current liabilities 4,388 6,047
Customer deposits 25,064 25,644
Operating lease liabilities 1,021 1,057
Income taxes payable 1 0
Total current liabilities 60,817 59,424
Long-term debt 15,065 16,378
Finance lease obligations 4 11
Operating lease liabilities 7,342 7,460
Deferred income tax liability 11 62
Accrued pension and postretirement benefit liabilities 1,665 1,666
Other long-term liabilities 2,258 2,196
Total liabilities 87,162 87,197
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $1.00 par value, 500 shares authorized 0 0
Common stock, $0.10 par value, 25,500 shares authorized, 10,769 and 10,801 shares issued and 10,602 and 10,636 shares outstanding at June 30 and March 31, 2022, respectively 1,077 1,080
Capital in excess of par value 27,887 27,770
Retained earnings 77,752 77,076
Accumulated other comprehensive loss (6,683) (6,471)
Treasury stock (167 and 164 shares at June 30 and March 31, 2022, respectively) (2,982) (2,961)
Total stockholders’ equity 97,051 96,494
Total liabilities and stockholders’ equity 184,213 183,691
Customer Relationships [Member]    
Current assets:    
Finite-Lived Intangible Assets, Net 11,161 11,308
Technology and Technical Know-How [Member]    
Current assets:    
Finite-Lived Intangible Assets, Net $ 9,553 $ 9,679