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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 18,364 $ 10,364
Accounts receivable (less allowance of $474 and $163 at December 31, 2023 and 2022) 34,313 39,700
Contract assets and unbilled accounts receivable 7,935 8,202
Prepaid expenses 1,915 2,176
Prepaid income tax and income tax receivable 1,758 4,262
Other current assets 928 1,607
Total current assets 65,213 66,311
Net property, plant and equipment 8,855 10,523
Right-of-use assets 25,417 19,169
Other assets    
Intangible assets, net 2,820 3,540
Goodwill 1,926 2,398
Deferred tax assets, net 17,268 16,306
Other long-term assets 1,258 1,737
Total other assets 23,272 23,981
Total assets 122,757 119,984
Current liabilities    
Accounts payable and accrued expenses 23,176 22,465
Accrued payroll and related expenses 5,615 6,679
Deferred revenue and customer advances 3,195 4,590
Customer postage and program deposits 1,815 1,223
Other current liabilities 9,495 2,862
Short-term lease liabilities 4,815 5,747
Total current liabilities 48,111 43,566
Long-term lease liabilities 23,691 16,575
Other long-term liabilities 1,928 3,263
Total liabilities 102,900 101,176
Stockholders’ equity    
Common stock, $1 par value, 25,000,000 shares authorized,12,221,484 shares issued, 7,224,718 and 7,402,614 shares outstanding at December 31, 2023 and 2022, respectively 12,221 12,221
Additional paid-in capital 157,889 218,411
Retained earnings 844,920 846,490
Less treasury stock, 4,996,766 shares at cost at December 31, 2023 and 4,818,870 shares at cost at December 31, 2022 (951,083) (1,010,012)
Accumulated other comprehensive loss (44,090) (48,302)
Total stockholders’ equity 19,857 18,808
Total liabilities and stockholders’ equity 122,757 119,984
Qualified Plan    
Current liabilities    
Pension liabilities 10,540 18,674
Nonqualified Plan    
Current liabilities    
Pension liabilities $ 18,630 $ 19,098