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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Mar. 31, 2018
Dec. 31, 2017
Current assets:      
Cash and cash equivalents $ 18,917,000 $ 58,560,000 $ 30,297,000
Accounts receivable, net of allowances of $3,098, $1,576 and $1,888 119,600,000 63,083,000 120,613,000
Inventories 94,902,000 102,436,000 110,762,000
Asset held for sale 2,514,000 0 0
Prepaid expenses and other current assets 12,445,000 11,962,000 11,508,000
Total current assets 248,378,000 236,041,000 273,180,000
Property, plant and equipment, net 49,407,000 52,126,000 51,468,000
Deferred income taxes 0 10,439,000 0
Goodwill 0 0 26,070,000
Intangible assets, net 55,200,000 57,029,000 63,350,000
Other assets 10,288,000 9,553,000 8,644,000
Total assets 363,273,000 365,188,000 422,712,000
Current liabilities:      
Short-term borrowings 58,695,000 0 48,431,000
Current portion of long-term debt 305,000 228,000 313,000
Accounts payable 36,658,000 20,581,000 27,618,000
Accrued payroll and other compensation 8,513,000 11,496,000 8,425,000
Accrued customer programs 16,501,000 12,284,000 13,517,000
Accrued income taxes 0 0 805,000
Accrued other liabilities 19,404,000 14,751,000 18,683,000
Total current liabilities 140,076,000 59,340,000 117,792,000
Long-term debt, net of current portion 16,000 40,228,000 285,000
Deferred income taxes 1,189,000 1,639,000 884,000
Other long-term obligations 7,800,000 10,286,000 11,019,000
Total liabilities 149,081,000 111,493,000 129,980,000
Commitments and contingencies (Note 9)
Stockholders' equity:      
Preferred stock, Class 2, $.01 par, 1,000,000 shares authorized, no shares issued 0 0 0
Common stock, $.10 par, 25,000,000 shares authorized, 14,703,084 shares issued at December 31, 2018, March 31, 2018 and December 31, 2017 1,470,000 1,470,000 1,470,000
Additional paid-in capital 60,571,000 58,877,000 58,324,000
Retained earnings 302,845,000 339,088,000 379,338,000
Accumulated other comprehensive income (loss), net of tax (95,000) 1,163,000 503,000
Common stock in treasury, 5,867,184 shares at December 31, 2018, 5,583,338 at March 31, 2018 and 5,583,338 shares at December 31, 2017, at cost (150,599,000) (146,903,000) (146,903,000)
Total stockholders' equity 214,192,000 253,695,000 292,732,000
Total liabilities and stockholders' equity $ 363,273,000 $ 365,188,000 $ 422,712,000