Document And Entity Information
LONG TERM PORTION OF PAYCHECK PROTECTION PROGRAM LOAN
us-gaap_DerivativeGainLossOnDerivativeNet
Derivative, Gain (Loss) on Derivative, Net, Total
Note To Financial Statement Details Textual
Significant Accounting Policies
Note 1 - Summary of Significant Accounting Policies
Hedging Relationship [Domain]
Note 2 - Equity Compensation Plans and Capital Stock
Note 4 - Leases
Note 6 - Derivative Financial Instruments
Note 7 - Fair Value Measurements
Not Designated as Hedging Instrument [Member]
Note 8 - Earnings Per Share
Note 9 - Income Taxes
Note 10 - Other Comprehensive Income (Loss)
Income Tax Disclosure [Text Block]
Hedging Relationship [Axis]
Note 13 - Industry Segment Data
ASSET BASED LENDING FACILITY
Note 14 - Revenue
Hedging Designation [Axis]
Schedule II - Valuation and Qualifying Accounts
Hedging Designation [Domain]
Note 1 - Summary of Significant Accounting Policies - Summary of Inventory by Product Group (Details)
Designated as Hedging Instrument [Member]
us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLoss
Derivative Instruments Not Designated as Hedging Instruments, Loss
Note 1 - Summary of Significant Accounting Policies - Estimated Useful Lives of Various Classes of Assets (Details)
us-gaap_LiabilitiesCurrent
TOTAL CURRENT LIABILITIES
Note 2 - Equity Compensation Plans and Capital Stock - Restricted Stock Activity (Details)
Income taxes recoverable
Note 4 - Leases - Lease Cost (Details)
Note 4 - Leases - Balance Sheet Information (Details)
Note 4 - Leases - Maturities of Operating and Finance Lease (Details)
Note 6 - Derivative Financial Instruments - Net Fair Value of Derivative Financial Instruments (Details)
Note 6 - Derivative Financial Instruments - Gain (Loss) Recognized in Other Comprehensive Income (Details)
Note 6 - Derivative Financial Instruments - Gain (Loss) Recognized in Earnings for Derivative Instruments (Details)
Note 6 - Derivative Financial Instruments - Change in Accumulated Other Comprehensive Income (Loss), Net of Tax (Details)
Note 7- Fair Value Measurements - Recurring Fair Value Measurements (Details)
Note 8 - Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Details)
Note 9 - Income Taxes - Components of Tax Expense (Benefit) (Details)
Note 9 - Income Taxes - Reconciliation of Federal Statutory Income Tax Rate to Effective Tax Rate (Details)
Note 9 - Income Taxes - Significant Components of Consolidated Deferred Tax Assets (Details)
Note 10 - Other Comprehensive Income (Loss) - Summary of Other Comprehensive Loss (Details)
Note 13 - Industry Segment Data - Segment Information (Details)
Note 14 - Revenue - Disaggregation of Revenue (Details)
Granted (in dollars per share)
Schedule II - Valuation and Qualifying Accounts - Valuation and Qualifying Accounts (Details)
Current portion of derivative liability
Vested (in dollars per share)
Notes To Financial Statements
us-gaap_HedgingLiabilitiesCurrent
Hedging Liabilities, Current
Notes To Financial Statements [Abstract]
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
Unvested (in dollars per share)
Unvested (in dollars per share)
Contribution to retirement plan
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
Unvested (in shares)
Unvested (in shares)
Schedule of Derivative Instruments [Table Text Block]
Other comprehensive loss, net of income, before reclassification
us-gaap_ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
Total loss reclassified from AOCI (1)
Granted (in shares)
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
Vested (in shares)
Nonvested Restricted Stock Shares Activity [Table Text Block]
Other comprehensive income (loss):
Commodity Contract [Member]
Current portion of Paycheck Protection Program loan
Retirement Plan Name [Axis]
Retirement Plan Name [Domain]
frd_CashDiscountOnSales
Cash Discount on Sales
Represents the amount of cash discount on sales.
Accounts payable and accrued expenses
us-gaap_DerivativeNonmonetaryNotionalAmountMass
Derivative, Nonmonetary Notional Amount, Mass (US Ton)
Employee compensation and related expenses
Income taxes payable
Lessee, Operating Leases [Text Block]
Dividends payable
Revolving Credit Facility [Member]
Proceeds from sale of assets
Retirement Plan Type [Axis]
Retirement Plan Type [Domain]
us-gaap_CapitalExpendituresIncurredButNotYetPaid
Capital Expenditures Incurred but Not yet Paid
Credit Facility [Axis]
Credit Facility [Domain]
us-gaap_PolicyTextBlockAbstract
Accounting Policies
us-gaap_ProceedsFromSaleOfMachineryAndEquipment
Proceeds from Sale of Machinery and Equipment
us-gaap_PaymentsToAcquireProductiveAssets
Payments to Acquire Productive Assets, Total
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)
Property, Plant and Equipment, Net [Member]
Primary financial statement caption encompassing property, plant and equipment, net.
Capital expenditures
Purchase of property, plant and equipment
Current Portion of Financing Lease [Member]
Primary financial statement caption encompassing current portion of financing lease.
Accrued Expense and Other Noncurrent Liabilities [Member]
Primary financial statement caption encompassing accrued expense and other noncurrent liabilities.
us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)
Weighted average number of common shares outstanding:
us-gaap_IncomeTaxesPaidNet
Income Taxes Paid, Net, Total
CURRENT LIABILITIES:
us-gaap_InterestPaid
Interest Paid, Including Capitalized Interest, Operating and Investing Activities, Total
Identifiable assets
TOTAL ASSETS
us-gaap_PaymentsForConstructionInProcess
Payments for Construction in Process
Plan Name [Axis]
Plan Name [Domain]
Compensation and Employee Benefit Plans [Text Block]
PROPERTY, PLANT AND EQUIPMENT:
us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total
us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)
us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Net earnings attributable to common shareholders
us-gaap_AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
Less: Allocation to unvested restricted stock units
Deferred income tax asset
Share-Based Payment Arrangement [Text Block]
Award Type [Domain]
Award Type [Axis]
Net earnings
NET EARNINGS
Total
Restricted Stock Units (RSUs) [Member]
Restricted Stock [Member]
Schedule of Balance Sheet Information Related to Operating Leases [Table Text Block]
Tabular disclosure of balance sheet information related to operating leases.
frd_OperatingLeaseMonthlyPayments
Operating Lease, Monthly Payments
Amount of monthly payments related to operating lease.
us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Ending Balance
Less accumulated depreciation
us-gaap_PropertyPlantAndEquipmentNet
Property, plant, and equipment, net
us-gaap_PropertyPlantAndEquipmentGross
Property, Plant and Equipment, Gross, Ending Balance
Machinery and equipment
Customer Owned [Member]
Information pertaining to customer owned coil.
Secondary Coil [Member]
Information pertaining to secondary coil.
Construction in process
Construction in Progress, Gross
Prime Coil [Member]
Information pertaining to prime coil.
Pipe Finishing Services [Member]
Information pertaining to pipe finishing services.
Land
Mill Reject Pipe [Member]
Information pertaining to mill reject pipe.
Buildings and yard improvements
Manufactured Pipe [Member]
Information pertaining to manufactured pipe.
Change in post-retirement benefits other than pensions
Hot-rolled coil steel contracts hedging sales
Derivative asset
Derivative Instrument [Axis]
Derivative Contract [Domain]
INVESTING ACTIVITIES
Hot-rolled Coil Future Contracts [Member]
Represents hot-rolled coil future contracts.
Net earnings per share:
Earnings Per Share [Text Block]
us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Income taxes payable
us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Accounts payable and accrued expenses
us-gaap_RelatedPartyTransactionAmountsOfTransaction
Related Party Transaction, Amounts of Transaction
us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Employee compensation and related expenses
Related Party Transactions Disclosure [Text Block]
us-gaap_IncomeTaxExpenseBenefit
Income tax
Hot-rolled coil steel contracts
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net, Total
Loss recognized on open derivatives not designated for hedge accounting
us-gaap_OperatingExpenses
General corporate expenses
us-gaap_DefinedContributionPlanCostRecognized
Defined Contribution Plan, Cost
frd_DebtInstrumentBorrowingBasePercentOfAccountsReceivable
Debt Instrument, Borrowing Base, Percent of Accounts Receivable
Represents the borrowing base as a percentage of accounts receivable under a debt agreement.
Cash
frd_FinanceLeaseMonthlyPayment
Finance Lease, Monthly Payment
Represents the amount of monthly payment for finance lease.
us-gaap_AllocatedShareBasedCompensationExpense
Share-based Payment Arrangement, Expense
us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
Cash flow hedges
Heavy-duty Forklift [Member]
Information pertaining to the heavy-duty forklift.
us-gaap_DefinedBenefitPlanContributionsByEmployer
Defined Benefit Plan, Plan Assets, Contributions by Employer
frd_OperatingAndFinanceLeaseRightofuseAsset
Total right-of-use assets
Amount of lessee's right to use underlying asset under operating and finance lease.
Amendment Flag
us-gaap_ComprehensiveIncomeNetOfTax
Comprehensive income
frd_OperatingAndFinanceLeaseLiability
Total lease liabilities
Present value of lessee's discounted obligation for lease payments from operating and finance lease.
Use of Estimates, Policy [Policy Text Block]
New Accounting Pronouncements, Policy [Policy Text Block]
Operating and Finance Lease, Liability, Maturity [Table Text Block]
Tabular disclosure of undiscounted cash flows of operating and finance lease liability.
Life Insurance Policies Transfer [Member]
Represents the transfer of the applicable policy to an officer upon their retirement.
us-gaap_TreasuryStockSharesAcquired
Treasury Stock, Shares, Acquired (in shares)
us-gaap_IncreaseDecreaseInOtherOperatingAssets
Other current assets
Current Fiscal Year End Date
us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Debt Instrument, Basis Spread on Variable Rate
us-gaap_LeaseCost
Lease, Cost, Total
us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent
Operating Lease, Weighted Average Discount Rate, Percent
Document Fiscal Period Focus
Operating lease expense
Document Fiscal Year Focus
Consolidation, Policy [Policy Text Block]
Decatur Facility Equipment [Member]
Information related to Decatur Facility equipment.
Lease, Cost [Table Text Block]
us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1
Operating Lease, Weighted Average Remaining Lease Term (Year)
us-gaap_GainsLossesOnExtinguishmentOfDebt
Gain (Loss) on Extinguishment of Debt, Total
Forgiveness of Paycheck Protection Program Loan
frd_InventoryMaterialWeight
Inventory, Material Weight (US Ton)
The weight of the inventory on hand.
Metal Edge [Member]
Information related to Metal Edge.
Services [Member]
Information related to services.
us-gaap_DividendsCommonStockCash
Cash dividends
Document Information [Line Items]
Document Information [Table]
us-gaap_AreaOfRealEstateProperty
Area of Real Estate Property (Square Foot)
Debt Instrument [Axis]
Debt Instrument, Name [Domain]
Variable Rate [Domain]
Prime Rate [Member]
us-gaap_IncreaseDecreaseInIncomeTaxesReceivable
Federal income taxes recoverable
Variable Rate [Axis]
us-gaap_ConcentrationRiskPercentage1
Concentration Risk, Percentage
us-gaap_IncreaseDecreaseInAccountsReceivable
Accounts receivable
Statement of Comprehensive Income [Abstract]
Entity Central Index Key
Entity Registrant Name
Plateplus Inc. [Member]
Represents Plateplus Inc.
BMO Harris Bank, N.A. [Member]
Represents BMO Harris Bank, N.A.
Paid in capital – restricted stock units
Entity [Domain]
Customer Concentration Risk [Member]
Legal Entity [Axis]
Income tax expense at U.S. federal statutory rate
Percentage of domestic federal statutory tax rate applicable to pretax income (loss).
us-gaap_TreasuryStockValueAcquiredCostMethod
Treasury Stock, Value, Acquired, Cost Method
Repurchase of shares
frd_DebtInstrumentDebtCoverageRatioTrigger
Debt Instrument, Debt Coverage Ratio, Trigger
Represents trigger of debt coverage ratio of debt instrument.
Concentration Risk Type [Axis]
us-gaap_AllowanceForDoubtfulAccountsReceivable
Accounts Receivable, Allowance for Credit Loss, Ending Balance
Concentration Risk Type [Domain]
us-gaap_TreasuryStockValue
Treasury stock at cost (1,488,966 shares and 1,435,248 shares at March 31, 2022 and 2021, respectively)
Paycheck Protection Program CARES Act [Member]
Represents loan designed to provide funds for small businesses to keep their employees on the payroll.
ABL Facility [Member]
Represents the asset-based revolving loans facility.
Revenue, Product and Service Benchmark [Member]
frd_DebtInstrumentCovenantFixedChargeCoverageRatio
Debt Instrument, Covenant, Fixed Charge Coverage Ratio
Requirement for fixed charge coverage ratio under the debt agreement.
frd_LineOfCreditFacilityMaximumBorrowingCapacityMaximumConditionalIncrease
Line of Credit Facility, Maximum Borrowing Capacity, Maximum Conditional Increase
The maximum amount of increase to the maximum borrowing capacity of the line of credit facility upon the satisfaction of certain conditions.
frd_LineOfCreditFacilityMaximumBorrowingCapacityConditionalIncreaseMinimumIncrements
Line of Credit Facility, Maximum Borrowing Capacity, Conditional Increase, Minimum Increments
The minimum amount per increment of increases to the maximum borrowing capacity of the line of credit facility upon the satisfaction of certain conditions.
us-gaap_IncreaseDecreaseInInventories
Inventories
Facility in Sinton, Texas [Member]
Represents the facility in Sinton, Texas.
frd_DebtInstrumentCovenantBorrowingLimitAsPercentOfAccountsReceivable
Debt Instrument, Covenant, Borrowing Limit as Percent of Accounts Receivable
Requirement for borrowing limit presented as a percent of accounts receivable under the debt agreement.
Concentration Risk Benchmark [Axis]
frd_DebtInstrumentCovenantBorrowingLimitFactorMultipliedByTheNetOrderlyLiquidatingValueOfInventoryPercentage
Debt Instrument, Covenant, Borrowing Limit, Factor Multiplied by the Net Orderly Liquidating Value of Inventory, Percentage
The factor to be multiplied by the net orderly liquidating value percentage identified in the most recent appraisal to calculate the borrowing limit under the debt agreement.
Concentration Risk Benchmark [Domain]
us-gaap_StockIssuedDuringPeriodSharesAcquisitions
Stock Issued During Period, Shares, Acquisitions (in shares)
us-gaap_LineOfCreditFacilityInterestRateAtPeriodEnd
Line of Credit Facility, Interest Rate at Period End
us-gaap_TableTextBlock
Notes Tables
us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Line of Credit Facility, Maximum Borrowing Capacity
us-gaap_LineOfCreditFacilityCommitmentFeeAmount
Line of Credit Facility, Commitment Fee Amount
Grants of restricted stock
frd_CapitalExpendituresExpectedCost
Capital Expenditures, Expected Cost
The amount of expected cost of the capital expenditure.
Related Party [Axis]
Related Party [Domain]
us-gaap_AreaOfLand
Area of Land (Acre)
Selling, general and administrative
Revenue from Contract with Customer, Including Assessed Tax
us-gaap_ProvisionForDoubtfulAccounts
Accounts Receivable, Credit Loss Expense (Reversal)
Line of Credit Facility, Lender [Domain]
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Lender Name [Axis]
us-gaap_LiabilitiesAndStockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
Related Party Transaction [Axis]
Related Party Transaction [Domain]
Changes in operating assets and liabilities:
Retained earnings
us-gaap_DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred
Accumulated other comprehensive loss
Debt Disclosure [Text Block]
Derivative Instruments, Gain (Loss) [Table Text Block]
Interest expense
Interest expense
us-gaap_DisclosureTextBlockAbstract
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]
Subsequent Event [Member]
Operating lease liability, non-current
Schedule of Inventory, Current [Table Text Block]
Present value of lease liability, operating lease
us-gaap_OperatingLeaseLiability
Subsequent Event Type [Axis]
Operating lease liability, current
Subsequent Event Type [Domain]
Current portion of financing lease
Finance lease liability, current
Finance lease liability, non-current
Subsequent Events [Text Block]
Operating lease right-of-use asset
us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue
Operating lease, Total undiscounted lease payments
us-gaap_FinanceLeasePrincipalPayments
Cash paid for principal portion of finance lease
us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
Operating lease, Less: imputed interest
Present value of lease liability, finance lease
us-gaap_FinanceLeaseLiability
Deferred
Deferred taxes
Fiscal 2025, operating lease
Fiscal 2026, operating lease
Finance lease right-of-use asset
Fiscal 2027, operating lease
Hot-rolled Coil Steel Contracts [Member]
Represents information related to hot-rolled coil steel contracts.
Fair Value of Financial Instruments, Policy [Policy Text Block]
Fiscal 2023, operating lease
Fiscal 2024, operating lease
Cash value of officers’ life insurance and other assets
Aggregate carrying amount, as of the balance sheet date, of the cash value of officers' life insurance policies and noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer).
Allowances for bad debts and cash discounts
For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible and for discounts provided for cash payments.
Current Portion of Derivative Liability [Member]
Represents current portion of derivative liability.
Open Hedges Subject To Fair Value Changes [Member]
Represents information related to open hedges subject to fair value changes.
frd_IncreaseDecreaseInDeferredCompensationCashBasedArrangementsliability
Contribution to retirement plan
The increase (decrease) of the liability related to deferred compensation arrangements during the period.
Non-standard Coil Inventory [Member]
Represents inventory designated for the Non-Standard Coil segment of the reporting entity.
Compensation expense for restricted stock
Prime Coil Inventory [Member]
Represents inventory designated for the Prime Coil segment of the reporting entity.
Tubular Inventory [Member]
Represents inventory designated for the Tubular segment of the reporting entity.
JPMorgan Chase Bank N.A. [Member]
The name of a lender of a credit facility.
Tubular [Member]
Represents the Tubular segment of the reporting entity's business.
Coil [Member]
Represents the Coil segment of the reporting entity's business.
Earnings Per Share, Policy [Policy Text Block]
Income Tax, Policy [Policy Text Block]
us-gaap_LesseeOperatingLeaseTermOfContract
Lessee, Operating Lease, Term of Contract (Year)
us-gaap_RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
Restricted Stock, Shares Issued Net of Shares for Tax Withholdings (in shares)
Depreciation
Depreciation, Total
us-gaap_LiabilitiesFairValueDisclosure
Total
us-gaap_AssetsCurrent
TOTAL CURRENT ASSETS
us-gaap_UnrealizedGainLossOnDerivatives
Deferred realized gain (loss) on derivatives designated for hedge accounting
Pension and Other Postretirement Plans, Nonpension Benefits, Policy [Policy Text Block]
us-gaap_LesseeFinanceLeaseTermOfContract1
Lessee, Finance Lease, Term of Contract (Year)
Treasury stock, shares (in shares)
Common stock, par value $1: Authorized shares — 10,000,000 Issued shares — 8,344,975 shares and 8,334,785 shares at March 31, 2022 and 2021, respectively
Measurement Frequency [Axis]
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Measurement Frequency [Domain]
Fair Value, Recurring [Member]
Common stock, shares authorized (in shares)
O'Neal Steel [Member]
Represents O'Neal Steel.
frd_DeferredTaxLiabilitiesLIFOToAverageCostAdjustment
LIFO to average cost Section 481(a) adjustment
Amount of deferred tax consequences attributable to taxable temporary differences derived from LIFO to average cost adjustment.
Common stock, shares issued (in shares)
Common stock, par value (in dollars per share)
Current portion of derivative assets
Statistical Measurement [Domain]
Shipping Costs [Policy Text Block]
Disclosure of accounting policy for shipping costs.
Maximum [Member]
Summary of Valuation Allowance [Table Text Block]
Minimum [Member]
Product and Service [Axis]
Other current assets
Product and Service [Domain]
us-gaap_DeferredTaxAssetsNet
Total deferred tax assets
Statistical Measurement [Axis]
Debt, Policy [Policy Text Block]
us-gaap_DeferredTaxAssetsLiabilitiesNet
Net deferred tax asset
us-gaap_PreferredStockSharesIssued
Preferred Stock, Par or Stated Value Per Share (in shares)
us-gaap_DeferredTaxAssetsOther
Other
Property, Plant and Equipment Disclosure [Text Block]
Property, Plant and Equipment [Table Text Block]
us-gaap_PreferredStockSharesAuthorized
Preferred Stock, Shares Authorized (in shares)
us-gaap_DeferredIncomeTaxLiabilities
Total deferred tax liabilities
Inventories
Inventory, Net, Total
Net sales
Revenue from Contract with Customer, Including Assessed Tax
Sales
us-gaap_DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
Unrealized loss - mark to market derivatives
Finished goods
us-gaap_DeferredTaxAssetsDerivativeInstruments
Unrealized derivative loss - OCI
Fair Value Hierarchy and NAV [Domain]
Customer [Axis]
Customer [Domain]
Fair Value, Inputs, Level 1 [Member]
Fair Value Hierarchy and NAV [Axis]
us-gaap_ProceedsFromIncomeTaxRefunds
Proceeds from Income Tax Refunds
Raw materials
Buildings (in years) (Year)
OPERATING ACTIVITIES
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Revenue [Policy Text Block]
Statement [Line Items]
Accounts receivable, net of allowances for bad debts and cash discounts of $99,819 and $32,834 at March 31, 2022 and 2021, respectively
us-gaap_NumberOfReportableSegments
Number of Reportable Segments
us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
Restricted stock compensation
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Building [Member]
us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
Postretirement benefits other than pensions
Additional paid-in capital
AOCI Attributable to Parent [Member]
Yard Improvements [Member]
Represents improvements to the yard.
STOCKHOLDERS’ EQUITY:
Supplemental Cash Flow Information [Policy Text Block]
The entire disclosure of accounting policy for supplemental cash flow information.
Loaders and Other Rolling Stock [Member]
Represents property, plant, and equipment classified as loaders and other rolling stock.
Property, Plant and Equipment, Policy [Policy Text Block]
Long-Lived Tangible Asset [Axis]
Other income (loss), net
Long-Lived Tangible Asset [Domain]
Segment Reporting Disclosure [Text Block]
Closed Hedges with Hedged Transaction Still Expected to Occur [Member]
Represents closed hedges with hedged transaction still expected to occur.
CURRENT ASSETS:
Fair Value Disclosures [Text Block]
frd_DeferredTaxAssetsInventoryCostsCapitalized
Inventory capitalization
The amount of deferred tax asset attributable to inventory costs capitalized.
us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
Cash and restricted cash at beginning of year
Cash and restricted cash at end of year
Inventory, Policy [Policy Text Block]
us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
Increase (decrease) in cash and restricted cash
OTHER ASSETS:
us-gaap_Liabilities
TOTAL LIABILITIES
us-gaap_NetCashProvidedByUsedInFinancingActivities
Net cash provided by (used in) financing activities
COMMITMENTS AND CONTINGENCIES (SEE NOTE 5 AND NOTE 11)
frd_MaximumAnnualContributionPercentageToDefinedContributionPlanForEligibleEmployeeCompensation
Maximum Annual Contribution Percentage to Defined Contribution Plan for Eligible Employee Compensation
Maximum annual contribution percentage to defined contribution plan for eligible employee compensation.
Operating profit (loss)
Revenue from Contract with Customer, Including Assessed Tax
EARNINGS FROM OPERATIONS
frd_EmployeeServiceVestingPeriod
Employee Service Vesting Period (Year)
For a defined benefit plan, the length of an employee's service required to fully vest.
us-gaap_NetCashProvidedByUsedInOperatingActivities
Net cash provided by (used in) operating activities
us-gaap_NetCashProvidedByUsedInInvestingActivities
Net cash used in investing activities
Cost of products sold
Costs of goods sold
Derivatives, Policy [Policy Text Block]
Consolidation Items [Domain]
Lower of cost or net realizable value inventory adjustment
Inventory Write-down
Derivative liabilities
Commodity futures – financial liabilities, net
Consolidation Items [Axis]
us-gaap_OtherPostretirementBenefitsPayableCurrentAndNoncurrent
Liability, Other Retirement Benefits
Concentration Risk, Credit Risk, Policy [Policy Text Block]
us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment
Depreciation
us-gaap_PaymentsOfDividendsCommonStock
Cash dividends paid
us-gaap_CostsAndExpenses
Costs and expenses, total
us-gaap_PaymentsForRepurchaseOfCommonStock
Cash paid for share repurchases
Costs and expenses:
Retained Earnings [Member]
Current
us-gaap_CurrentStateAndLocalTaxExpenseBenefit
Treasury Stock [Member]
Deferred
us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit
us-gaap_StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
State and Local Income Tax Expense (Benefit), Continuing Operations, Total
2016 Restricted Stock Plan [Member]
Represents the plan that is is administered by the Compensation Committee (the "Committee") of the Board of Directors (the "Board") and continues indefinitely until terminated by the Board or until all shares allowed by the Plan have been awarded and earned.
Additional Paid-in Capital [Member]
Current
us-gaap_CurrentFederalTaxExpenseBenefit
Common Stock [Member]
Deferred
us-gaap_DeferredFederalIncomeTaxExpenseBenefit
us-gaap_StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)
us-gaap_FederalIncomeTaxExpenseBenefitContinuingOperations
Federal Income Tax Expense (Benefit), Continuing Operations, Total
Equity Components [Axis]
Equity Component [Domain]
Accounts Payable and Accrued Liabilities [Member]
Current
Other Noncurrent Assets [Member]
Provision for (benefit from) income taxes:
Other Noncurrent Liabilities [Member]
us-gaap_ReclassificationFromAociCurrentPeriodTax
Reclassification from AOCI, Current Period, Tax, Total
Other Current Assets [Member]
TOTAL EARNINGS BEFORE INCOME TAXES
EARNINGS BEFORE INCOME TAXES
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification out of Accumulated Other Comprehensive Income [Axis]
Reclassification out of Accumulated Other Comprehensive Income [Domain]
Comprehensive Income (Loss) Note [Text Block]
us-gaap_LineOfCredit
Long-Term Line of Credit, Total
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
Disaggregation of Revenue [Table Text Block]
Revenue from Contract with Customer [Text Block]
Accounts Receivable [Policy Text Block]
Balance Sheet Location [Axis]
Balance Sheet Location [Domain]
us-gaap_UnrecognizedTaxBenefits
Unrecognized Tax Benefits, Ending Balance
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]
Cash dividends, per share (in dollars per share)
Nonoperating Income (Expense) [Member]
us-gaap_AllowanceForDoubtfulAccountsReceivableWriteOffs
Accounts Receivable, Allowance for Credit Loss, Writeoff
Asset based lending facility proceeds
us-gaap_ValuationAllowancesAndReservesBalance
Beginning of Period
End of Period
Hotrolled Coil Futures Contracts 2 [Member]
Represents hot-rolled coil future contracts.
us-gaap_ValuationAllowancesAndReservesChargedToCostAndExpense
Additions
Income Statement Location [Axis]
Paycheck Protection Program loan proceeds
Proceeds from Issuance of Unsecured Debt
Income Statement Location [Domain]
us-gaap_ValuationAllowancesAndReservesDeductions
Deductions
Segments [Axis]
Segments [Domain]
frd_AccumulatedDepreciationDepletionAndAmortizationWritedOff
Accumulated Depreciation, Depletion and Amortization, Wrote-off
Amount of decrease in accumulated depreciation, depletion and amortization as a result of wrote-off fully depreciated fixed assets.
Friedman Industries, Inc. Employee's Retirement and 401(k) Plan [Member]
Information pertaining to Friedman Industries, Inc. Employee's Retirement and 401(k) Plan.
Diluted (in shares)
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]
Statement [Table]
Statement of Financial Position [Abstract]
Diluted (in dollars per share)
us-gaap_EarningsPerShareDiluted
Basic (in shares)
Other
us-gaap_EffectiveIncomeTaxRateContinuingOperations
Provision for income taxes
us-gaap_EarningsPerShareBasic
Basic (in dollars per share)
Statement of Cash Flows [Abstract]
Lease Contractual Term [Domain]
Statement of Stockholders' Equity [Abstract]
us-gaap_OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
Other comprehensive income
Lease Contractual Term [Axis]
us-gaap_OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
Other comprehensive income
Income Statement [Abstract]
Net current period other comprehensive income
Other comprehensive income
Finance lease – interest on lease liability
Cash flow hedges
us-gaap_FinanceLeaseLiabilityPaymentsDue
Finance Lease, Liability, Payment, Due, Total
Finance lease, Total undiscounted lease payments
us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
Hot-rolled coil steel contracts
Finance lease – amortization of ROU asset
Fiscal 2027, finance leases
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount
Finance lease, Less: imputed interest
Fiscal 2023, finance leases
Fiscal 2024, finance leases
Fiscal 2025, finance leases
Fiscal 2026, finance leases
us-gaap_DerivativeCollateralRightToReclaimCash
Derivative, Collateral, Right to Reclaim Cash
Asset Acquisition [Axis]
us-gaap_FinanceLeaseWeightedAverageDiscountRatePercent
Finance Lease, Weighted Average Discount Rate, Percent
Current year state and local income taxes net of federal income tax benefit
us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1
Finance Lease, Weighted Average Remaining Lease Term (Year)
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]
FINANCING ACTIVITIES
OTHER NON-CURRENT LIABILITIES
Asset Acquisition [Domain]
us-gaap_PaymentsToAcquireLifeInsurancePolicies
Increase in cash value of officers’ life insurance
Corporate, Non-Segment [Member]
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS
Cumulative Preferred Stock [Member]
us-gaap_StockholdersEquity
TOTAL STOCKHOLDERS’ EQUITY
Balance
Balance
Position [Domain]
Class of Stock [Axis]
Long [Member]
Class of Stock [Domain]
Short [Member]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Comprehensive Income (Loss) [Table Text Block]
Position [Axis]
Cash flow hedges
Cash flow hedges, net of tax
Operating Segments [Member]
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
Document, Type
Document, Annual Report
Document, Period End Date
Document, Transition Report
Entity, File Number
Entity, Incorporation, State or Country Code
Entity, Tax Identification Number
Entity, Address, Address Line One
Entity, Address, City or Town
Entity, Address, State or Province
Entity, Address, Postal Zip Code
City Area Code
Local Phone Number
Title of 12(b) Security
Trading Symbol
Security Exchange Name
Entity, Well-known Seasoned Issuer
Entity, Voluntary Filers
Entity, Current Reporting Status
Entity, Interactive Data, Current
Entity, Filer Category
Entity, Small Business
Entity, Emerging Growth Company
ICFR Auditor Attestation Flag
Entity, Shell Company
Entity, Public Float
Entity, Common Stock Shares, Outstanding
Auditor Name
Auditor Location
Auditor Firm ID