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Condensed Consolidated Balance Sheets (Current period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 9,652 $ 11,911
Restricted cash 2,559 3,222
Accounts receivable (less allowance for doubtful accounts of $314 at March 31, 2022 and $266 at December 31, 2021) 49,034 41,051
Unbilled accounts receivable 7,067 8,134
Contract assets 908 622
Prepaid expenses 2,614 1,948
Prepaid income taxes and income tax receivable 6,791 7,456
Other current assets 1,229 1,031
Total current assets 79,854 75,375
Property, plant and equipment (less accumulated depreciation of $52,809 at March 31, 2022 and $52,512 at December 31, 2021) 8,577 7,747
Right-of-use assets 20,298 22,142
Other assets 2,385 2,597
Total assets 111,114 107,861
Current liabilities    
Accounts payable and accrued expenses 19,647 16,132
Accrued payroll and related expenses 4,274 7,028
Deferred revenue and customer advances 5,821 3,942
Customer postage and program deposits 6,167 6,496
Other current liabilities 2,903 2,291
Short-term lease liabilities 5,792 6,553
Total current liabilities 44,604 42,442
Long-term debt, net of short-term portion 5,000 5,000
Long-term lease liabilities, net of current portion 17,728 19,215
Other long-term liabilities 3,287 3,697
Total liabilities 121,962 122,853
Preferred Stock, $1 par value, 1,000,000 shares authorized; 9,926 shares of Series A Convertible Preferred Stock, issued and outstanding 9,723 9,723
Stockholders’ deficit    
Common stock, $1 par value, 25,000,000 shares authorized;12,121,484 shares issued, 7,015,266 and 6,976,144 shares outstanding at March 31, 2022 and December 31, 2021, respectively 12,121 12,121
Additional paid-in capital 278,432 290,711
Retained earnings 814,439 811,094
Less treasury stock, 5,106,218 shares at cost at March 31, 2022 and 5,145,340 shares at cost at December 31, 2021 (1,072,741) (1,085,313)
Accumulated other comprehensive loss (52,822) (53,328)
Total stockholders’ deficit (20,571) (24,715)
Total liabilities, Preferred Stock and stockholders’ deficit 111,114 107,861
Qualified Plan [Member]    
Current liabilities    
Pension liabilities 26,476 27,359
Nonqualified Plan [Member]    
Current liabilities    
Pension liabilities $ 24,867 $ 25,140