Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v2.4.0.6
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Mar. 31, 2011
Current assets:    
Cash and cash equivalents $ 42,518 $ 19,565
Investments 2,000 23,518
Trade accounts receivable, net of allowances ($43 and $26 at December 31 and March 31, 2011, respectively) 10,396 8,681
Unbilled revenue 12,637 14,280
Inventories 5,969 8,257
Prepaid expenses and other current assets 605 826
Income tax receivable 513 0
Deferred income tax asset 2,182 2,015
Total current assets 76,820 77,142
Property, plant and equipment, net 13,361 11,705
Prepaid pension asset 7,304 6,680
Goodwill 6,938 6,914
Permits 10,300 10,300
Other intangible assets, net 5,012 5,218
Other assets 115 112
Total assets 119,850 118,071
Current liabilities:    
Current portion of capital lease obligations 84 47
Accounts payable 6,330 9,948
Accrued compensation 5,074 4,580
Accrued expenses and other current liabilities 3,248 3,448
Customer deposits 7,985 12,854
Income taxes payable 0 1,772
Total current liabilities 22,721 32,649
Capital lease obligations 227 116
Accrued compensation 289 259
Deferred income tax liability 9,326 8,969
Accrued pension liability 231 234
Accrued postretirement benefits 920 892
Other long-term liabilities 1,680 1,297
Total liabilities 35,394 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, 10,292 and 10,216 shares at December 31 and March 31, 2011, respectively 1,029 1,022
Capital in excess of par value 17,462 16,322
Retained earnings 74,153 64,623
Accumulated other comprehensive loss (4,753) (5,012)
Treasury stock (354 and 350 shares at December 31 and March 31, 2011, respectively) (3,435) (3,300)
Total stockholders' equity 84,456 73,655
Total liabilities and stockholders' equity $ 119,850 $ 118,071