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
Jun. 30, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 21,611 $ 16,939
Trade accounts receivable, net of allowances ($78 and $79 at June 30 and March 31, 2024, respectively) 36,767 44,400
Unbilled revenue 40,039 28,015
Inventories 32,762 33,410
Prepaid expenses and other current assets 4,011 3,561
Total current assets 135,190 126,325
Property, plant and equipment, net 34,004 32,080
Prepaid pension asset 6,454 6,396
Operating lease assets 6,985 7,306
Goodwill 25,520 25,520
Finite-Lived Intangible Assets, Net 25,291  
Other intangible assets, net 7,101 7,181
Deferred income tax asset 2,829 2,983
Other assets 1,192 724
Total assets 244,165 233,879
Current liabilities:    
Current portion of finance lease obligations 20 20
Accounts payable 19,509 20,788
Accrued compensation 10,630 16,800
Accrued expenses and other current liabilities 6,265 6,666
Customer deposits 87,658 71,987
Operating lease liabilities 1,211 1,237
Income taxes payable 894 715
Total current liabilities 126,187 118,213
Finance lease obligations 60 65
Operating lease liabilities 6,164 6,449
Accrued pension and postretirement benefit liabilities 1,258 1,254
Other long-term liabilities 2,308 2,332
Total liabilities 135,977 128,313
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, 11,043 and 10,993 shares issued and 10,871 and 10,850 shares outstanding at June 30 and March 31, 2024, respectively 1,104 1,099
Capital in excess of par value 32,354 32,015
Retained earnings 84,965 81,999
Accumulated other comprehensive loss (6,891) (7,013)
Treasury stock (172 and 143 shares at June 30 and March 31, 2024, respectively) (3,344) (2,534)
Total stockholders’ equity 108,188 105,566
Total liabilities and stockholders’ equity 244,165 233,879
Customer Relationships [Member]    
Current assets:    
Finite-Lived Intangible Assets, Net 14,014 14,299
Technology and Technical Know-How [Member]    
Current assets:    
Finite-Lived Intangible Assets, Net $ 10,876 $ 11,065