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Note 11 - Operating Segments
6 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
Note
11
- Operating Segments
 
The Company’s reportable segments are: (i) the Traditional Business and (ii) Journal Technologies. All inter-segment transactions were eliminated. Summarized financial information regarding the Company’s reportable segments is shown in the following table:
 
   
Reportable Segments
                 
   
Traditional
Business
   
Journal
Technologies
   
Corporate income
and expenses
   
Total
 
Six months ended March 31, 2017
                               
Revenues
                               
Advertising
  $
4,433,000
    $
---
    $
---
    $
4,433,000
 
Circulation
   
2,873,000
     
---
     
---
     
2,873,000
 
Advertising service fees and other
   
1,333,000
     
---
     
---
     
1,333,000
 
Licensing and maintenance fees
   
---
     
7,848,000
     
---
     
7,848,000
 
Consulting fees
   
---
     
2,158,000
     
---
     
2,158,000
 
Other public service fees
   
---
     
1,624,000
     
---
     
1,624,000
 
Operating expenses
   
8,863,000
     
17,525,000
     
---
     
26,388,000
 
Loss from operations
   
(224,000
)    
(5,895,000
)    
---
     
(6,119,000
)
Dividends and interest income
   
---
     
---
     
2,539,000
     
2,539,000
 
Other income
   
21,000
     
---
     
---
     
21,000
 
Interest expenses on note payable
collateralized by real estate
   
(51,000
)    
---
     
---
     
(51,000
)
Interest expenses on margin loans
   
---
     
---
     
(175,000
)    
(175,000
)
Interest and penalty expense reversal for
uncertain and unrecognized tax benefits
   
---
     
743,000
     
---
     
743,000
 
Pretax income (loss)
   
(254,000
)    
(5,152,000
)    
2,364,000
     
(3,042,000
)
Income tax (expense) benefit
   
(75,000
)    
5,120,000
     
(495,000
)    
4,550,000
 
Net income (loss)
   
(329,000
)    
(32,000
)    
1,869,000
     
1,508,000
 
Total assets
   
15,618,000
     
35,763,000
     
203,778,000
     
255,159,000
 
Capital expenditures
   
160,000
     
34,000
     
---
     
194,000
 
Amortization of intangible assets
   
---
     
2,447,000
     
---
     
2,447,000
 
 
   
Reportable Segments
                 
   
Traditional
Business
   
Journal
Technologies
   
Corporate income
and expenses
   
Total
 
Six months ended March 31, 2016
                               
Revenues
                               
Advertising
  $
4,667,000
    $
---
    $
---
    $
4,667,000
 
Circulation
   
2,964,000
     
---
     
---
     
2,964,000
 
Advertising service fees and other
   
1,294,000
     
---
     
---
     
1,294,000
 
Licensing and maintenance fees
   
---
     
7,754,000
     
---
     
7,754,000
 
Consulting fees
   
---
     
3,040,000
     
---
     
3,040,000
 
Other public service fees
   
---
     
2,538,000
     
---
     
2,538,000
 
Operating expenses
   
8,775,000
     
15,020,000
     
---
     
23,795,000
 
Income (loss) from operations
   
150,000
     
(1,688,000
)    
---
     
(1,538,000
)
Dividends and interest income
   
---
     
---
     
1,736,000
     
1,736,000
 
Other income
   
21,000
     
---
     
9,000
     
30,000
 
Interest expenses on note payable
collateralized by real estate
   
(36,000
)    
---
     
---
     
(36,000
)
Interest expenses on margin loans
   
---
     
---
     
(126,000
)    
(126,000
)
Interest expense accrued for uncertain
and unrecognized tax benefits
   
---
     
(49,000
)    
---
     
(49,000
)
Pretax income (loss)
   
135,000
     
(1,737,000
)    
1,619,000
     
17,000
 
Income tax (expense) benefit
   
(165,000
)    
670,000
     
(265,000
)    
240,000
 
Net income (loss)
   
(30,000
)    
(1,067,000
)    
1,354,000
     
257,000
 
Total assets
   
16,946,000
     
42,485,000
     
162,531,000
     
221,962,000
 
Capital expenditures, including purchase
of Logan building
   
3,625,000
     
3,000
     
---
     
3,628,000
 
Amortization of intangible assets
   
71,000
     
2,447,000
     
---
     
2,518,000
 
 
 
 
   
Reportable Segments
                 
   
Traditional
Business
   
Journal
Technologies
   
Corporate income
and expenses
   
Total
 
Three months ended March 31, 2017
                               
Revenues
                               
Advertising
  $
2,123,000
    $
---
    $
---
    $
2,123,000
 
Circulation
   
1,424,000
     
---
     
---
     
1,424,000
 
Advertising service fees and other
   
695,000
     
---
     
---
     
695,000
 
Licensing and maintenance fees
   
---
     
3,882,000
     
---
     
3,882,000
 
Consulting fees
   
---
     
1,310,000
     
---
     
1,310,000
 
Other public service fees
   
---
     
845,000
     
---
     
845,000
 
Operating expenses
   
4,463,000
     
9,082,000
     
---
     
13,545,000
 
Loss from operations
   
(221,000
)    
(3,045,000
)    
---
     
(3,266,000
)
Dividends and interest income
   
---
     
---
     
1,368,000
     
1,368,000
 
Other income
   
6,000
     
---
     
---
     
6,000
 
Interest expenses on note payable
collateralized by real estate
   
(25,000
)    
---
     
---
     
(25,000
)
Interest expenses on margin loans
   
---
     
---
     
(96,000
)    
(96,000
)
Interest and penalty expense reversal for
uncertain and unrecognized tax benefits
   
---
     
752,000
     
---
     
752,000
 
Pretax income (loss)
   
(240,000
)    
(2,293,000
)    
1,272,000
     
(1,261,000
)
Income tax (expense) benefit
   
(75,000
)    
4,345,000
     
(30,000
)    
4,240,000
 
Net income (loss)
   
(315,000
)    
2,052,000
     
1,242,000
     
2,979,000
 
Total assets
   
15,618,000
     
35,763,000
     
203,778,000
     
255,159,000
 
Capital expenditures
   
---
     
7,000
     
---
     
7,000
 
Amortization of intangible assets
   
---
     
1,223,000
     
---
     
1,223,000
 
 
   
Reportable Segments
                 
   
Traditional
Business
   
Journal
Technologies
   
Corporate income
and expenses
   
Total
 
Three months ended March 31, 2016
                               
Revenues
                               
Advertising
  $
2,346,000
    $
---
    $
---
    $
2,346,000
 
Circulation
   
1,458,000
     
---
     
---
     
1,458,000
 
Advertising service fees and other
   
644,000
     
---
     
---
     
644,000
 
Licensing and maintenance fees
   
---
     
4,107,000
     
---
     
4,107,000
 
Consulting fees
   
---
     
1,664,000
     
---
     
1,664,000
 
Other public service fees
   
---
     
1,223,000
     
---
     
1,223,000
 
Operating expenses
   
4,422,000
     
7,596,000
     
---
     
12,018,000
 
Income (loss) from operations
   
26,000
     
(602,000
)    
---
     
(576,000
)
Dividends and interest income
   
---
     
---
     
833,000
     
833,000
 
Other income
   
14,000
     
---
     
---
     
14,000
 
Interest expenses on note payable
collateralized by real estate
   
(27,000
)    
---
     
---
     
(27,000
)
Interest expenses on margin loans
   
---
     
---
     
(67,000
)    
(67,000
)
Interest expense accrued for uncertain
and unrecognized tax benefits
   
---
     
(25,000
)    
---
     
(25,000
)
Pretax income (loss)
   
13,000
     
(627,000
)    
766,000
     
152,000
 
Income tax (expense) benefit
   
(115,000
)    
275,000
     
(105,000
)    
55,000
 
Net income (loss)
   
(102,000
)    
(352,000
)    
661,000
     
207,000
 
Total assets
   
16,946,000
     
42,485,000
     
162,531,000
     
221,962,000
 
Capital expenditures
   
84,000
     
3,000
     
---
     
87,000
 
Amortization of intangible assets
   
36,000
     
1,223,000
     
---
     
1,259,000