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Note G - Segment Information
 6 Months Ended
Sep. 30, 2019
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
NOTE G
— SEGMENT INFORMATION (in thousands)
 
   
Three Months Ended
September 30,
    
Six Months Ended
September 30,
  
   
2019
    
2018
    
2019
    
2018
  
Net sales
                                
Coil
   $
28,421
     $
34,828
     $
56,602
     $
65,957
  
Tubular
    
11,575
      
18,604
      
24,369
      
35,668
  
Total net sales
   $
39,996
     $
53,432
     $
80,971
     $
101,625
  
Operating profit (loss)
                                
Coil
   $
324
     $
1,925
     $
668
     $
5,103
  
Tubular
    
(1,746
 )    
1,376
      
(1,201
 )    
3,698
  
Total operating profit (loss)
    
(1,422
 )    
3,301
      
(533
 )    
8,801
  
Corporate expenses
    
614
      
661
      
1,241
      
1,462
  
Interest & other income
    
(4
 )    
(6
 )    
(11
 )    
(69
 )
Total earnings (loss) before taxes
   $
(2,032
 )   $
2,646
     $
(1,763
 )   $
7,408
  
 
   
September 30,
2019
    
March 31,
2019
  
Segment assets
                
Coil
   $
34,633
     $
43,104
  
Tubular
    
27,371
      
31,520
  
     
62,004
      
74,624
  
Corporate assets
    
19,924
      
11,978
  
    $
81,928
     $
86,602
  
 
Corporate expenses reflect general and administrative expenses
not
directly associated with segment operations and consist primarily of corporate executive and accounting salaries, professional fees and services, bad debts, retirement plan contribution expense, corporate insurance expenses and office supplies. Corporate assets consist primarily of cash, the cash value of officers’ life insurance and income taxes recoverable.