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Note 6 - Reportable Segments
 12 Months Ended
Sep. 30, 2014
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
6.
REPORTABLE SEGMENTS
 
Operating segments are defined as components of an enterprise which has discrete financial information that is evaluated regularly by the Company’s Chief Executive Officer to decide how to allocate resources and to access performance.
 
In accordance with ASC 280-10,
Segment Reporting
, the Company has two segments of business. The Company’s reportable segments are: (i) the Traditional Business and (ii) Journal Technologies. Journal Technologies is an aggregation of three technology operating segments — Sustain, New Dawn and ISD. All inter-segment transactions were eliminated. Summarized financial information concerning the Company’s reportable segments is shown in the following table:     
 
 
   
Reportable Segments
         
   
Traditional
Business
    
Journal
Technologies*
    
Total
  
Fiscal 2014
                        
Revenues
                        
Advertising, net   $ 11,435,000     $ ---     $ 11,435,000  
Circulation     6,038,000       ---       6,038,000  
Advertising service fees and other     2,800,000       ---       2,800,000  
Licensing and maintenance fees     ---       12,987,000       12,987,000  
Consulting fees     ---       4,002,000       4,002,000  
Other public service fees     ---       6,161,000       6,161,000  
Income (loss) from operations
     3,119,000       (5,309,000 )     (2,190,000 )
Pretax income (loss)
     5,890,000       (5,749,000 )     141,000  
Income tax (expense) benefit
     (1,860,000 )     2,350,000       490,000  
Net income (loss)
     4,030,000       (3,399,000 )     631,000  
Total assets
     191,904,000       51,973,000       243,877,000  
Capital expenditures
     110,000       325,000       435,000  
Amortization of intangible assets
     ---       4,866,000       4,866,000  
                         
Fiscal 2013*
                        
Revenues
                        
Advertising, net
   $ 14,472,000     $ ---     $ 14,472,000  
Circulation     6,346,000       ---       6,346,000  
Advertising service fees and other     3,012,000       ---       3,012,000  
Licensing and maintenance fees     ---       9,942,000       9,942,000  
Consulting fees     ---       3,406,000       3,406,000  
Other public service fees     ---       498,000       498,000  
Income (loss) from operations
     7,974,000       (4,185,000 )     3,789,000  
Other-than-temporary impairment
losses on investments
     1,719,000       ---       1,719,000  
Pretax income (loss)
     8,707,000       (4,138,000 )     4,569,000  
Income tax (expense) benefit
     (3,053,000 )     2,263,000       (790,000 )
Net income (loss)
     5,654,000       (1,875,000 )     3,779,000  
Total assets
     155,452,000       47,611,000       203,063,000  
Capital expenditures
     96,000       184,000       280,000  
Amortization of intangible assets
     ---       1,865,000       1,865,000  
                         
Fiscal 2012**
                        
Revenues
                        
Advertising, net   $ 19,221,000     $ ---     $ 19,221,000  
Circulation     6,530,000       ---       6,530,000  
Advertising service fees and other     3,205,000       ---       3,205,000  
Licensing and maintenance fees     ---       2,205,000       2,205,000  
Consulting fees     ---       713,000       713,000  
Income (loss) from operations
     10,877,000       (2,195,000 )     8,682,000  
Other-than-temporary impairment
losses on investments
     2,855,000       ---       2,855,000  
Pretax income (loss)
     10,089,000       (2,188,000 )     7,901,000  
Income tax benefit (expense)
     (3,340,000 )     980,000       (2,360,000 )
Net income (loss)
     6,749,000       (1,208,000 )     5,541,000  
Total assets
     119,833,000       1,131,000       120,964,000  
Capital expenditures
     320,000       52,000       372,000  
 
*
Includes (i) New Dawn’s financial results from December 5, 2012 through September 30, 2013 with revenues of
$10,403,000 and expenses of $10,625,000 (including intangible amortization expenses of $1,587,000), and (ii)
ISD’s September 2013 financial results with revenues of $784,000 and expenses of $694,000 (including
intangible amortization expenses of $278,000).
 
**
Includes only Sustain’s financial results.