Note 2 - Restatement of Previously Issued Financial Statements (Tables)

12 Months Ended

Mar. 31, 2023

Notes Tables

Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

	Consolidated Statements of Net Earnings
	Fiscal Year Ended
	March 31, 2023							March 31, 2022
	As Reported		Correction			As Restated		As Reported		Correction			As Restated
Cost of products sold	$	1,373,456	$	31,577		$	1,405,033	$	1,237,348	$	6,336		$	1,243,684
Total costs and expenses		1,456,416		31,577			1,487,993		1,314,935		6,336			1,321,271
Operating income		52,936		(31,577	)		21,359		70,345		(6,336	)		64,009
Earnings before income taxes		45,370		(31,577	)		13,793		66,231		(6,336	)		59,895
Income taxes		12,232		(7,670	)		4,562		15,224		(1,529	)		13,695
Net earnings		33,138		(23,907	)		9,231		51,007		(4,807	)		46,200
Earnings per share:
Earnings per share - basic	$	4.23	$	(3.04	)	$	1.19	$	5.83	$	(0.55	)	$	5.28
Earnings per share - diluted	$	4.20	$	(3.04	)	$	1.16	$	5.79	$	(0.55	)	$	5.24

	Consolidated Balance Sheets
	As of:
	March 31, 2023							March 31, 2022
	As Reported		Correction			As Restated		As Reported		Correction			As Restated
Assets
Inventories	$	708,811	$	(37,913	)	$	670,898	$	410,331	$	(6,336	)	$	403,995
Refundable income taxes		-		6,976			6,976		3,866		1,580			5,446
Total current assets		824,976		(30,937	)		794,039		555,442		(4,756	)	$	550,686
Total assets		1,243,658		(30,937	)		1,212,721		947,030		(4,756	)		942,274
Liabilities and Stockholders’ Equity
Income taxes payable		2,018		(2,018	)	$	-		-		-		$	-
Total current liabilities		158,206		(2,018	)		156,188		173,155		-			173,155
Deferred income tax liability, net	$	31,625	$	(144	)	$	31,481	$	32,944	$	72			33,016
Other liabilities		3,700		(61	)		3,639		4,995		(21	)		4,974
Total liabilities		660,194		(2,223	)		657,971		363,193		51			363,244
Retained earnings		669,973		(28,714	)		641,259		636,858		(4,807	)		632,051
Total stockholders’ equity		583,464		(28,714	)		554,750		583,837		(4,807	)		579,030
Total liabilities and stockholders’ equity		1,243,658		(30,937	)		1,212,721		947,030		(4,756	)		942,274