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v2.4.1.9

Consolidated Statements of Cash Flows (USD $) | 12 Months Ended
--- | ---
Mar. 31, 2015 | Mar. 31, 2014
OPERATING ACTIVITIES |  |
Net earnings | $ 382,330 us-gaap_NetIncomeLoss | $ 1,712,926 us-gaap_NetIncomeLoss
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities: |  |
Depreciation | 1,721,625 us-gaap_Depreciation | 1,823,072 us-gaap_Depreciation
Deferred taxes | (377,356)us-gaap_DeferredIncomeTaxExpenseBenefit | (172,281)us-gaap_DeferredIncomeTaxExpenseBenefit
Change in post-retirement benefits other than pensions | 76,832 us-gaap_OtherPostretirementBenefitExpense | 69,907 us-gaap_OtherPostretirementBenefitExpense
Changes in operating assets and liabilities: |  |
Accounts receivable, net | 2,451,103 us-gaap_IncreaseDecreaseInAccountsReceivable | (309,741)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories | (5,562,107)us-gaap_IncreaseDecreaseInInventories | 3,930,609 us-gaap_IncreaseDecreaseInInventories
Other | (14,783)us-gaap_IncreaseDecreaseInOtherOperatingAssets | (26,249)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable and accrued expenses | (5,057,785)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (3,975,464)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Employee compensation and related expenses | 7,702 us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities | (157,962)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Contribution to profit sharing plan | (1,500)frd_IncreaseDecreaseInDeferredCompensationCashBasedArrangementsLiability |
Net cash provided by (used in) operating activities | (6,373,939)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 2,894,817 us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
INVESTING ACTIVITIES |  |
Purchase of property, plant and equipment | (5,876,205)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (1,907,231)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Increase in cash value of officers' life insurance | (61,000)us-gaap_PaymentsToAcquireLifeInsurancePolicies | (62,000)us-gaap_PaymentsToAcquireLifeInsurancePolicies
Net cash used in investing activities | (5,937,205)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (1,969,231)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
FINANCING ACTIVITIES |  |
Cash dividends paid | (543,956)us-gaap_PaymentsOfDividendsCommonStock | (1,767,856)us-gaap_PaymentsOfDividendsCommonStock
Net cash used in financing activities | (543,956)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (1,767,856)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Decrease in cash | (12,855,100)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (842,270)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash at beginning of year | 15,081,024 us-gaap_CashAndCashEquivalentsAtCarryingValue | 15,923,294 us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash at end of year | $ 2,225,924 us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 15,081,024 us-gaap_CashAndCashEquivalentsAtCarryingValue

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