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v3.23.2

Note 2 - Restatement of Previously Issued Financial Statements (Tables) | 12 Months Ended
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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 |

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