XML 59 R49.htm IDEA: XBRL DOCUMENT v3.22.4
Note H - Derivative Financial Instruments - Gain (Loss) Recognized in Other Comprehensive Income (Details) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Dec. 31, 2022
Dec. 31, 2021
Pre-tax gain (loss) recognized in OCI $ 22,100     $ 3,473,300     $ 9,445,840 $ (6,609,540)
Sales 111,860,093     51,655,943     423,355,592 210,143,277
Cost of goods sold 105,730,259     55,259,964     393,875,438 166,722,381
Total 1,375,893 $ 2,470,908 $ 11,184,374 (2,961,833) $ 13,177,614 $ 11,311,797 15,031,175 21,527,578
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]                
Sales (860,620)              
Total       (14,716,860)     (2,977,160) (12,317,960)
Hot-rolled Coil Future Contracts [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]                
Sales (860,620)     (14,766,060)     (2,977,160) (22,950,860)
Cost of goods sold       49,200       10,632,900
Hot-rolled Coil Future Contracts [Member] | Designated as Hedging Instrument [Member]                
Pre-tax gain (loss) recognized in OCI $ 22,100     $ 3,473,300     $ 9,445,840 $ (6,609,540)