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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
Current assets:      
Cash and cash equivalents $ 12,346,000 $ 17,100,000 $ 18,917,000
Accounts receivable, net of allowances of $231, $2,198 and $1,757 85,111,000 53,835,000 119,600,000
Inventories 86,990,000 96,231,000 94,902,000
Asset held for sale 0 131,000 2,514,000
Prepaid expenses and other current assets 9,905,000 12,568,000 12,445,000
Total current assets 194,352,000 179,865,000 248,378,000
Property, plant and equipment, net 48,771,000 50,920,000 49,407,000
Operating lease right-of-use assets 44,702,000 0 0
Intangible assets, net 35,025,000 40,285,000 55,200,000
Other assets 15,571,000 14,525,000 10,288,000
Total assets 338,421,000 285,595,000 363,273,000
Current liabilities:      
Short-term borrowings 38,805,000 26,139,000 58,695,000
Current portion of long-term debt 11,000 316,000 305,000
Accounts payable 28,509,000 27,916,000 36,658,000
Accrued payroll and other compensation 5,518,000 6,962,000 8,513,000
Accrued customer programs 12,809,000 12,101,000 16,501,000
Accrued income taxes 620,000 0 0
Accrued other expenses 14,333,000 14,468,000 19,404,000
Current portion of operating lease liabilities 7,207,000 0 0
Total current liabilities 107,812,000 87,902,000 140,076,000
Long-term debt, net of current portion 4,000 13,000 16,000
Deferred income taxes 610,000 619,000 1,189,000
Operating lease liabilities 37,692,000 0 0
Other long-term obligations 5,316,000 7,130,000 7,800,000
Total liabilities 151,434,000 95,664,000 149,081,000
Commitments and contingencies (Note 8)
Stockholders' equity:      
Preferred stock, Class 2, $0.01 par, 1,000,000 shares authorized, no shares issued 0 0 0
Common stock, $0.10 par, 25,000,000 shares authorized, 14,703,084 shares issued at December 31, 2019, March 31, 2019 and December 31, 2018 1,470,000 1,470,000 1,470,000
Additional paid-in capital 61,590,000 60,921,000 60,571,000
Retained earnings 272,318,000 277,613,000 302,845,000
Accumulated other comprehensive income (loss), net of tax 423,000 465,000 (95,000)
Common stock in treasury, 5,822,790 shares at December 31, 2019, 5,865,846 shares at March 31, 2019 and 5,867,184 shares at December 31, 2018, at cost (148,814,000) (150,538,000) (150,599,000)
Total stockholders' equity 186,987,000 189,931,000 214,192,000
Total liabilities and stockholders' equity $ 338,421,000 $ 285,595,000 $ 363,273,000