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Note 6 - Reportable Segments | 12 Months Ended
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Sep. 30, 2018
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | 6. REPORTABLE SEGMENTS An operating segment is defined as a component 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. All inter-segment transactions were eliminated. Summarized financial information concerning the Company’s reportable segments and Corporate income and expenses is shown in the following table:
|  | Reportable Segments |  |  |  |  |  |  |  |  |
|  | Traditional Business |  |  | Journal Technologies |  |  | Corporate |  |  | Total |
Fiscal 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Advertising, net |  | $ | 9,112,000 |  |  | $ | --- |  |  | $ | --- |  |  | $ | 9,112,000 |
Circulation |  |  | 5,401,000 |  |  |  | --- |  |  |  | --- |  |  |  | 5,401,000 |
Advertising service fees and other |  |  | 2,659,000 |  |  |  | --- |  |  |  | --- |  |  |  | 2,659,000 |
Licensing and maintenance fees |  |  | --- |  |  |  | 17,225,000 |  |  |  | --- |  |  |  | 17,225,000 |
Consulting fees |  |  | --- |  |  |  | 2,832,000 |  |  |  | --- |  |  |  | 2,832,000 |
Other public service fees |  |  | --- |  |  |  | 3,474,000 |  |  |  | --- |  |  |  | 3,474,000 |
Operating expenses |  |  | 16,840,000 |  |  |  | 37,923,000 |  |  |  | --- |  |  |  | 54,763,000 |
Income (loss) from operations |  |  | 332,000 |  |  |  | (14,392,000 | ) |  |  | --- |  |  |  | (14,060,000 | )
Dividends and interest income |  |  | --- |  |  |  | --- |  |  |  | 4,808,000 |  |  |  | 4,808,000 |
Other income |  |  | --- |  |  |  | --- |  |  |  | 37,000 |  |  |  | 37,000 |
Interest expense on note payable collateralized by real estate |  |  | (95,000 | ) |  |  | --- |  |  |  | --- |  |  |  | (95,000 | )
Interest expense on margin loans |  |  | --- |  |  |  | --- |  |  |  | (651,000 | ) |  |  | (651,000 | )
Capital gains on sales of marketable securities and others |  |  | --- |  |  |  | --- |  |  |  | 3,182,000 |  |  |  | 3,182,000 |
Other-than-temporary impairment losses on investments |  |  | --- |  |  |  | --- |  |  |  | (4,560,000 | ) |  |  | (4,560,000 | )
Pretax (loss) income |  |  | 237,000 |  |  |  | (14,392,000 | ) |  |  | 2,816,000 |  |  |  | (11,339,000 | )
Income tax benefit |  |  | 490,000 |  |  |  | 695,000 |  |  |  | 18,355,000 |  |  |  | 19,540,000 |
Net (loss) income |  |  | 727,000 |  |  |  | (13,697,000 | ) |  |  | 21,171,000 |  |  |  | 8,201,000 |
Total assets |  |  | 19,602,000 |  |  |  | 29,885,000 |  |  |  | 214,511,000 |  |  |  | 263,998,000 |
Capital expenditures |  |  | 212,000 |  |  |  | --- |  |  |  | --- |  |  |  | 212,000 |
Amortization of intangible assets |  |  | --- |  |  |  | 3,058,000 |  |  |  | --- |  |  |  | 3,058,000 |
|  | Reportable Segments |  |  |  |  |  |  |  |  |
|  | Traditional Business |  |  | Journal Technologies |  |  | Corporate |  |  | Total |
Fiscal 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Advertising, net |  | $ | 9,104,000 |  |  | $ | --- |  |  | $ | --- |  |  | $ | 9,104,000 |
Circulation |  |  | 5,654,000 |  |  |  | --- |  |  |  | --- |  |  |  | 5,654,000 |
Advertising service fees and other |  |  | 2,812,000 |  |  |  | --- |  |  |  | --- |  |  |  | 2,812,000 |
Licensing and maintenance fees |  |  | --- |  |  |  | 16,037,000 |  |  |  | --- |  |  |  | 16,037,000 |
Consulting fees |  |  | --- |  |  |  | 4,476,000 |  |  |  | --- |  |  |  | 4,476,000 |
Other public service fees |  |  | --- |  |  |  | 3,301,000 |  |  |  | --- |  |  |  | 3,301,000 |
Operating expenses |  |  | 17,852,000 |  |  |  | 36,699,000 |  |  |  | --- |  |  |  | 54,551,000 |
Loss from operations |  |  | (282,000 | ) |  |  | (12,885,000 | ) |  |  | --- |  |  |  | (13,167,000 | )
Dividends and interest income |  |  | --- |  |  |  | --- |  |  |  | 4,844,000 |  |  |  | 4,844,000 |
Other income |  |  | 22,000 |  |  |  | --- |  |  |  | 12,000 |  |  |  | 34,000 |
Interest expense on note payable collateralized by real estate |  |  | (100,000 | ) |  |  | --- |  |  |  | --- |  |  |  | (100,000 | )
Interest expense on margin loans |  |  | --- |  |  |  | --- |  |  |  | (422,000 | ) |  |  | (422,000 | )
Interest and penalty expense reversal for uncertain and unrecognized tax benefits |  |  | --- |  |  |  | 743,000 |  |  |  | --- |  |  |  | 743,000 |
Pretax (loss) income |  |  | (360,000 | ) |  |  | (12,142,000 | ) |  |  | 4,434,000 |  |  |  | (8,068,000 | )
Income tax benefit (expense) |  |  | (2,000 | ) |  |  | 7,910,000 |  |  |  | (758,000 | ) |  |  | 7,150,000 |
Net (loss) income |  |  | (362,000 | ) |  |  | (4,232,000 | ) |  |  | 3,676,000 |  |  |  | (918,000 | )
Total assets |  |  | 16,606,000 |  |  |  | 33,461,000 |  |  |  | 230,641,000 |  |  |  | 280,708,000 |
Capital expenditures |  |  | 160,000 |  |  |  | 93,000 |  |  |  | --- |  |  |  | 253,000 |
Amortization of intangible assets |  |  | --- |  |  |  | 4,895,000 |  |  |  | --- |  |  |  | 4,895,000 |
|  | Reportable Segments |  |  |  |  |  |  |  |  |
|  | Traditional Business |  |  | Journal Technologies |  |  | Corporate |  |  | Total |
Fiscal 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Advertising, net |  | $ | 9,854,000 |  |  | $ | --- |  |  | $ | --- |  |  | $ | 9,854,000 |
Circulation |  |  | 5,912,000 |  |  |  | --- |  |  |  | --- |  |  |  | 5,912,000 |
Advertising service fees and other |  |  | 2,651,000 |  |  |  | --- |  |  |  | --- |  |  |  | 2,651,000 |
Licensing and maintenance fees |  |  | --- |  |  |  | 14,758,000 |  |  |  | --- |  |  |  | 14,758,000 |
Consulting fees |  |  | --- |  |  |  | 4,085,000 |  |  |  | --- |  |  |  | 4,085,000 |
Other public service fees |  |  | --- |  |  |  | 4,352,000 |  |  |  | --- |  |  |  | 4,352,000 |
Operating expenses |  |  | 17,240,000 |  |  |  | 31,012,000 |  |  |  | --- |  |  |  | 48,252,000 |
Income (loss) from operations |  |  | 1,177,000 |  |  |  | (7,817,000 | ) |  |  | --- |  |  |  | (6,640,000 | )
Dividends and interest income |  |  | --- |  |  |  | --- |  |  |  | 4,085,000 |  |  |  | 4,085,000 |
Other income |  |  | 52,000 |  |  |  | --- |  |  |  | 9,000 |  |  |  | 61,000 |
Interest expense on note payable collateralized by real estate |  |  | (88,000 | ) |  |  | --- |  |  |  | --- |  |  |  | (88,000 | )
Interest expense on margin loans |  |  | --- |  |  |  | --- |  |  |  | (284,000 | ) |  |  | (284,000 | )
Interest expense accrued for uncertain and unrecognized tax benefits |  |  | --- |  |  |  | (112,000 | ) |  |  | --- |  |  |  | (112,000 | )
Pretax income (loss) |  |  | 1,141,000 |  |  |  | (7,929,000 | ) |  |  | 3,810,000 |  |  |  | (2,978,000 | )
Income tax benefit (expense) |  |  | (530,000 | ) |  |  | 3,140,000 |  |  |  | (675,000 | ) |  |  | 1,935,000 |
Net income (loss) |  |  | 611,000 |  |  |  | (4,789,000 | ) |  |  | 3,135,000 |  |  |  | (1,043,000 | )
Total assets |  |  | 17,644,000 |  |  |  | 39,786,000 |  |  |  | 168,016,000 |  |  |  | 225,446,000 |
Capital expenditures, including purchase of Logan building |  |  | 3,662,000 |  |  |  | 117,000 |  |  |  | --- |  |  |  | 3,779,000 |
Amortization of intangible assets |  |  | 142,000 |  |  |  | 4,895,000 |  |  |  | --- |  |  |  | 5,037,000 |
During fiscal 2018, 2017 and 2016, the Traditional Business had total operating revenues of $17,172,000, $17,570,000 and $18,417,000 of which $11,771,000, $11,916,000 and $12,505,000, respectively, were recognized after services were provided while $5,401,000, $5,654,000 and $5,912,000, respectively, were recognized ratably over the subscription terms. Total operating revenues for the Company’s software business were $23,531,000, $23,814,000 and $23,195,000, of which $7,437,000, $8,618,000 and $9,735,000, respectively, were recognized upon completion of services while $16,094,000, $15,196,000 and $13,460,000, respectively, were recognized ratably over the subscription periods.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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