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, unless otherwise specified
Jun. 30, 2012
Mar. 31, 2012
Current assets:    
Cash and cash equivalents $ 24,127 $ 25,189
Investments 22,497 16,499
Trade accounts receivable, net of allowances ($25 and $43 at June 30 and March 31, 2012, respectively) 9,548 11,593
Unbilled revenue 7,655 12,667
Inventories 6,625 6,047
Prepaid expenses and other current assets 576 467
Income taxes receivable 3,697 4,479
Deferred income tax asset 37 37
Total current assets 74,762 76,978
Property, plant and equipment, net 13,296 13,453
Prepaid pension asset 2,430 2,238
Goodwill 6,938 6,938
Permits 10,300 10,300
Other intangible assets, net 4,923 4,968
Other assets 100 102
Total assets 112,749 114,977
Current liabilities:    
Current portion of capital lease obligations 86 85
Accounts payable 5,970 6,303
Accrued compensation 4,379 4,652
Accrued expenses and other current liabilities 3,719 3,707
Customer deposits 4,169 7,257
Deferred income tax liability 2,198 2,244
Total current liabilities 20,521 24,248
Capital lease obligations 181 203
Accrued compensation 291 293
Deferred income tax liability 7,454 7,404
Accrued pension liability 229 229
Accrued postretirement benefits 904 895
Other long-term liabilities 72 85
Total liabilities 29,652 33,357
Commitments and contingencies (Note 11)      
Stockholders' equity:    
Preferred stock, $1.00 par value - Authorized, 500 shares      
Common stock, $.10 par value - Authorized, 25,500 shares Issued, 10,324 and 10,297 shares at June 30 and March 31, 2012, respectively 1,032 1,030
Capital in excess of par value 17,902 17,745
Retained earnings 75,573 74,383
Accumulated other comprehensive loss (8,032) (8,160)
Treasury stock (346 shares at June 30 and March 31, 2012) (3,378) (3,378)
Total stockholders' equity 83,097 81,620
Total liabilities and stockholders' equity $ 112,749 $ 114,977