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Basis of Presentation
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3 Months Ended |
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Jun. 30, 2011
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| Basis of Presentation [Abstract] | |
| BASIS OF PRESENTATION |
NOTE 1 — BASIS OF PRESENTATION:
Graham Corporation’s (the “Company’s”) Condensed Consolidated Financial Statements include (i)
its wholly-owned foreign subsidiary located in China at June 30, 2011 and March 31, 2011 and for
the three months ended June 30, 2011 and 2010 and (ii) its wholly-owned domestic subsidiary located
in Lapeer, Michigan at June 30, 2011 and for the three months
ended June 30, 2011. See Note 2. The Condensed Consolidated Financial Statements have been prepared in accordance with accounting
principles generally accepted in the U.S. (“GAAP”) for interim financial information and the
instructions to Form 10-Q and Rule 10-01 of Regulation S-X, each as promulgated by the Securities
and Exchange Commission. The Company’s Condensed Consolidated Financial Statements do not include
all information and notes required by GAAP for complete financial statements. The unaudited
Condensed Consolidated Balance Sheet as of March 31, 2011 presented herein was derived from the
Company’s audited Consolidated Balance Sheet as of March 31, 2011. For additional information,
please refer to the consolidated financial statements and notes included in the Company’s Annual
Report on Form 10-K for the fiscal year ended March 31, 2011 (“fiscal 2011”). In the opinion of
management, all adjustments, including normal recurring accruals considered necessary for a fair
presentation, have been included in the Company’s Condensed Consolidated Financial Statements.
The Company’s results of operations and cash flows for the three months ended June 30, 2011
are not necessarily indicative of the results that may be expected for the fiscal year ending March
31, 2012 (“fiscal 2012”).
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