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Note 2 - Basis of Presentation and Restatement (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2014
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | As of June 30, 2014 |
|  | Previously |  |  |  |  |  |  |  |  |
|  | Reported |  |  | Adjustments |  |  | Restated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 14,750,000 |  |  | $ | --- |  |  | $ | 14,750,000 |
Marketable securities, including common stocks of $158,630,000 and bonds of $8,193,000 at June 30, 2014 and common stocks of $129,699,000 and bonds of $7,295,000 at September 30, 2013 |  |  | 166,823,000 |  |  |  | --- |  |  |  | 166,823,000 |
Accounts receivable, less allowance for doubtful accounts of $250,000 at June 30, 2014 and September 30, 2013, respectively |  |  | 6,850,000 |  |  |  | --- |  |  |  | 6,850,000 |
Inventories |  |  | 48,000 |  |  |  | --- |  |  |  | 48,000 |
Prepaid expenses and other assets |  |  | 1,336,000 |  |  |  | --- |  |  |  | 1,336,000 |
Income tax receivable |  |  | 1,757,000 |  |  |  | (339,000 | ) |  |  | 1,418,000 |
Total current assets |  |  | 191,564,000 |  |  |  | (339,000 | ) |  |  | 191,225,000 |
Property, plant and equipment, at cost |  |  |  |  |  |  |  |  |  |  |  |
Land, buildings and improvements |  |  | 12,861,000 |  |  |  | --- |  |  |  | 12,861,000 |
Furniture, office equipment and computer software |  |  | 2,958,000 |  |  |  | --- |  |  |  | 2,958,000 |
Machinery and equipment |  |  | 2,039,000 |  |  |  | --- |  |  |  | 2,039,000 |
|  |  | 17,858,000 |  |  |  | --- |  |  |  | 17,858,000 |
Less accumulated depreciation |  |  | (8,716,000 | ) |  |  | --- |  |  |  | (8,716,000 | )
|  |  | 9,142,000 |  |  |  | --- |  |  |  | 9,142,000 |
Intangibles, net |  |  | 18,967,000 |  |  |  | --- |  |  |  | 18,967,000 |
Goodwill |  |  | 13,400,000 |  |  |  | --- |  |  |  | 13,400,000 |
Deferred income taxes |  |  | 1,877,000 |  |  |  | 1,072,000 |  |  |  | 2,949,000 |
|  | $ | 234,950,000 |  |  | $ | 733,000 |  |  | $ | 235,683,000 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 4,406,000 |  |  | $ | --- |  |  | $ | 4,406,000 |
Accrued liabilities |  |  | 3,067,000 |  |  |  | --- |  |  |  | 3,067,000 |
Deferred subscriptions |  |  | 3,145,000 |  |  |  | --- |  |  |  | 3,145,000 |
Deferred installation contracts |  |  | 8,412,000 |  |  |  | --- |  |  |  | 8,412,000 |
Deferred maintenance agreements and others |  |  | 7,321,000 |  |  |  | --- |  |  |  | 7,321,000 |
Deferred income taxes, net |  |  | 43,917,000 |  |  |  | --- |  |  |  | 43,917,000 |
Total current liabilities |  |  | 70,268,000 |  |  |  | --- |  |  |  | 70,268,000 |
Long term liabilities |  |  |  |  |  |  |  |  |  |  |  |
Investment margin account borrowings |  |  | 29,493,000 |  |  |  | --- |  |  |  | 29,493,000 |
Deferred maintenance agreements |  |  | 211,000 |  |  |  | --- |  |  |  | 211,000 |
Income tax payable |  |  | --- |  |  |  | 3,018,000 |  |  |  | 3,018,000 |
Accrued interest and penalty for uncertain and unrecognized tax benefits |  |  | --- |  |  |  | 518,000 |  |  |  | 518,000 |
Accrued liabilities |  |  | 1,200,000 |  |  |  | --- |  |  |  | 1,200,000 |
Total long term liabilities |  |  | 30,904,000 |  |  |  | 3,536,000 |  |  |  | 34,440,000 |
Commitments and contingencies (Note 11) |  |  | --- |  |  |  | --- |  |  |  |  |
Shareholders' equity |  |  |  |  |  |  |  |  |  |  |  |
Preferred stock, $.01 par value, 5,000,000 shares authorized and no shares issued |  |  | --- |  |  |  | --- |  |  |  | --- |
Common stock, $.01 par value, 5,000,000 shares authorized; 1,805,053 shares issued, including 424,307 treasury shares, at June 30, 2014 and September 30, 2013 |  |  | 14,000 |  |  |  | --- |  |  |  | 14,000 |
Additional paid-in capital |  |  | 1,755,000 |  |  |  | --- |  |  |  | 1,755,000 |
Retained earnings |  |  | 59,924,000 |  |  |  | (2,803,000 | ) |  |  | 57,121,000 |
Accumulated other comprehensive income |  |  | 72,085,000 |  |  |  | --- |  |  |  | 72,085,000 |
Total shareholders' equity |  |  | 133,778,000 |  |  |  | (2,803,000 | ) |  |  | 130,975,000 |
|  | $ | 234,950,000 |  |  | $ | 733,000 |  |  | $ | 235,683,000 |
Condensed Statement of Comprehensive Income [Table Text Block] |
|  | Three months ended June 30, 2014 |
|  | Previously Reported |  |  | Adjustments |  |  | Restated |
Revenues |  |  |  |  |  |  |  |  |  |  |  |
Advertising |  | $ | 2,976,000 |  |  | $ | --- |  |  | $ | 2,976,000 |
Circulation |  |  | 1,502,000 |  |  |  | --- |  |  |  | 1,502,000 |
Advertising service fees and other |  |  | 771,000 |  |  |  | --- |  |  |  | 771,000 |
Information systems and services |  |  | 5,898,000 |  |  |  | --- |  |  |  | 5,898,000 |
|  |  | 11,147,000 |  |  |  | --- |  |  |  | 11,147,000 |
Costs and expenses |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 6,175,000 |  |  |  | --- |  |  |  | 6,175,000 |
Other outside services |  |  | 822,000 |  |  |  | --- |  |  |  | 822,000 |
Postage and delivery expenses |  |  | 335,000 |  |  |  | --- |  |  |  | 335,000 |
Newsprint and printing expenses |  |  | 368,000 |  |  |  | --- |  |  |  | 368,000 |
Depreciation and amortization |  |  | 1,385,000 |  |  |  | --- |  |  |  | 1,385,000 |
Other general and administrative expenses |  |  | 2,325,000 |  |  |  | --- |  |  |  | 2,325,000 |
|  |  | 11,410,000 |  |  |  | --- |  |  |  | 11,410,000 |
Loss from operations |  |  | (263,000 | ) |  |  | --- |  |  |  | (263,000 | )
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |
Dividends and interest income |  |  | 824,000 |  |  |  | --- |  |  |  | 824,000 |
Other income |  |  | 26,000 |  |  |  | --- |  |  |  | 26,000 |
Interest and penalty expenses accrued for uncertain and unrecognized tax benefits |  |  | --- |  |  |  | (518,000 | ) |  |  | (518,000 | )
Interest expense |  |  | (56,000 | ) |  |  | --- |  |  |  | (56,000 | )
Income before taxes |  |  | 531,000 |  |  |  | (518,000 | ) |  |  | 13,000 |
Benefit from income taxes |  |  | (2,310,000 | ) |  |  | 2,285,000 |  |  |  | (25,000 | )
Net income |  | $ | 2,841,000 |  |  | $ | (2,803,000 | ) |  | $ | 38,000 |
Weighted average number of common shares outstanding - basic and diluted |  |  | 1,380,746 |  |  |  | --- |  |  |  | 1,380,746 |
Basic and diluted net income per share |  | $ | 2.06 |  |  | $ | (2.03 | ) |  | $ | 0.03 |
Comprehensive (loss) income |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 2,841,000 |  |  | $ | (2,803,000 | ) |  | $ | 38,000 |
Net decrease in unrealized appreciation of investments (net of taxes) |  |  | (689,000 | ) |  |  | --- |  |  |  | (689,000 | )
|  | $ | 2,152,000 |  |  | $ | (2,803,000 | ) |  | $ | (651,000 | )
|  | Nine months ended June 30, 2014 |
|  | Previously Reported |  |  | Adjustments |  |  | Restated |
Revenues |  |  |  |  |  |  |  |  |  |  |  |
Advertising |  | $ | 8,620,000 |  |  | $ | --- |  |  | $ | 8,620,000 |
Circulation |  |  | 4,518,000 |  |  |  | --- |  |  |  | 4,518,000 |
Advertising service fees and other |  |  | 2,108,000 |  |  |  | --- |  |  |  | 2,108,000 |
Information systems and services |  |  | 16,680,000 |  |  |  | --- |  |  |  | 16,680,000 |
|  |  | 31,926,000 |  |  |  | --- |  |  |  | 31,926,000 |
Costs and expenses |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 19,032,000 |  |  |  | --- |  |  |  | 19,032,000 |
Other outside services |  |  | 2,409,000 |  |  |  | --- |  |  |  | 2,409,000 |
Postage and delivery expenses |  |  | 961,000 |  |  |  | --- |  |  |  | 961,000 |
Newsprint and printing expenses |  |  | 948,000 |  |  |  | --- |  |  |  | 948,000 |
Depreciation and amortization |  |  | 4,134,000 |  |  |  | --- |  |  |  | 4,134,000 |
Other general and administrative expenses |  |  | 6,492,000 |  |  |  | --- |  |  |  | 6,492,000 |
|  |  | 33,976,000 |  |  |  | --- |  |  |  | 33,976,000 |
Loss from operations |  |  | (2,050,000 | ) |  |  | --- |  |  |  | (2,050,000 | )
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |
Dividends and interest income |  |  | 2,100,000 |  |  |  | --- |  |  |  | 2,100,000 |
Other income |  |  | 77,000 |  |  |  | --- |  |  |  | 77,000 |
Interest and penalty expenses accrued for uncertain and unrecognized tax benefits |  |  | --- |  |  |  | (518,000 | ) |  |  | (518,000 | )
Interest expense |  |  | (173,000 | ) |  |  | --- |  |  |  | (173,000 | )
Loss before taxes |  |  | (46,000 | ) |  |  | (518,000 | ) |  |  | (564,000 | )
Provision for (benefit from) income taxes |  |  | (2,300,000 | ) |  |  | 2,285,000 |  |  |  | (15,000 | )
Net (loss) income |  | $ | 2,254,000 |  |  | $ | (2,803,000 | ) |  | $ | (549,000 | )
Weighted average number of common shares outstanding - basic and diluted |  |  | 1,380,746 |  |  |  | --- |  |  |  | 1,380,746 |
Basic and diluted net income (loss) per share |  | $ | 1.63 |  |  | $ | (2.03 | ) |  | $ | (0.40 | )
Comprehensive income |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income |  | $ | 2,254,000 |  |  | $ | (2,803,000 | ) |  | $ | (549,000 | )
Net increase in unrealized appreciation of investments (net of taxes) |  |  | 18,177,000 |  |  |  | --- |  |  |  | 18,177,000 |
|  | $ | 20,431,000 |  |  | $ | (2,803,000 | ) |  | $ | 17,628,000 |
Condensed Cash Flow Statement [Table Text Block] |
|  | Nine months ended June 30 |
|  | Previously Reported |  |  | Adjustments |  |  | Restated |
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income |  | $ | 2,254,000 |  |  | $ | (2,803,000 | ) |  | $ | (549,000 | )
Adjustments to reconcile net income to net cash provided by operations |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 4,134,000 |  |  |  | --- |  |  |  | 4,134,000 |
Deferred income taxes |  |  | (884,000 | ) |  |  | (1,072,000 | ) |  |  | (1,956,000 | )
Discounts earned on bonds |  |  | (2,000 | ) |  |  | --- |  |  |  | (2,000 | )
Changes in assets and liabilities |  |  |  |  |  |  |  |  |  |  |  |
Decrease (increase) in current assets (net of acquisition) |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable, net |  |  | (536,000 | ) |  |  | --- |  |  |  | (536,000 | )
Inventories |  |  | 8,000 |  |  |  | --- |  |  |  | 8,000 |
Prepaid expenses and other assets |  |  | 622,000 |  |  |  | --- |  |  |  | 622,000 |
Income tax receivable |  |  | (1,452,000 | ) |  |  | 339,000 |  |  |  | (1,113,000 | )
Increase (decrease) in liabilities (net of acquisition) |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  |  | 147,000 |  |  |  | --- |  |  |  | 147,000 |
Accrued liabilities |  |  | (2,019,000 | ) |  |  | 518,000 |  |  |  | (1,501,000 | )
Income taxes |  |  | --- |  |  |  | 3,018,000 |  |  |  | 3,018,000 |
Deferred subscriptions |  |  | (389,000 | ) |  |  | --- |  |  |  | (389,000 | )
Deferred maintenance agreements and others |  |  | 399,000 |  |  |  | --- |  |  |  | 399,000 |
Deferred installation contracts |  |  | 1,533,000 |  |  |  | --- |  |  |  | 1,533,000 |
Net cash provided by operating activities |  |  | 3,815,000 |  |  |  | --- |  |  |  | 3,815,000 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |
Maturities and sales of U.S. Treasury Bills |  |  | --- |  |  |  | --- |  |  |  | --- |
Acquisition of New Dawn Technologies, Inc. (net of cash acquired) |  |  | --- |  |  |  | --- |  |  |  | --- |
Purchases of property, plant and equipment |  |  | (403,000 | ) |  |  | --- |  |  |  | (403,000 | )
Net cash used in investing activities |  |  | (403,000 | ) |  |  | --- |  |  |  | (403,000 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Investment margin account borrowing |  |  | --- |  |  |  | --- |  |  |  | --- |
Cash provided by financing activities |  |  | --- |  |  |  | --- |  |  |  | --- |
Increase in cash and cash equivalents |  |  | 3,412,000 |  |  |  | --- |  |  |  | 3,412,000 |
Cash and cash equivalents |  |  |  |  |  |  |  |  |  |  |  |
Beginning of period |  |  | 11,338,000 |  |  |  | --- |  |  |  | 11,338,000 |
End of period |  | $ | 14,750,000 |  |  | $ | --- |  |  | $ | 14,750,000 |

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