XML 18 R3.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 9,934,000 $ 18,364,000
Accounts receivable (less allowance of $50 and $474 at December 31, 2024 and 2023, respectively) 31,648,000 34,313,000
Contract assets and unbilled accounts receivable 8,215,000 7,935,000
Prepaid expenses 1,511,000 1,915,000
Prepaid income tax and income tax receivable 938,000 1,758,000
Other current assets 1,368,000 928,000
Total current assets 53,614,000 65,213,000
Net property, plant and equipment 8,956,000 8,855,000
Right-of-use assets 22,460,000 25,417,000
Other assets    
Intangible assets, net 563,000 2,820,000
Goodwill 295,000 1,926,000
Deferred tax assets, net 15,177,000 17,268,000
Other long-term assets 717,000 1,258,000
Total other assets 16,752,000 23,272,000
Total assets 101,782,000 122,757,000
Current liabilities    
Accounts payable and accrued expenses 21,832,000 23,176,000
Accrued payroll and related expenses 3,210,000 5,615,000
Deferred revenue and customer advances 1,589,000 3,195,000
Customer postage and program deposits 1,625,000 1,815,000
Other current liabilities 3,145,000 9,495,000
Short-term lease liabilities 3,736,000 4,815,000
Total current liabilities 35,137,000 48,111,000
Long-term lease liabilities 20,860,000 23,691,000
Other long-term liabilities 1,548,000 1,928,000
Total liabilities 80,093,000 102,900,000
Stockholders’ equity    
Common stock, $1 par value, 25,000,000 shares authorized,12,221,484 shares issued, 7,357,450 and 7,224,718 shares outstanding at December 31, 2024 and 2023, respectively 12,221,000 12,221,000
Additional paid-in capital 124,194,000 157,889,000
Retained earnings 814,623,000 844,920,000
Less treasury stock, 4,864,034 and 4,996,766 shares at December 31, 2024 and 2023, respectively, at cost (915,752,000) (951,083,000)
Accumulated other comprehensive loss (13,597,000) (44,090,000)
Total stockholders’ equity 21,689,000 19,857,000
Total liabilities and stockholders’ equity 101,782,000 122,757,000
Qualified Plan    
Current liabilities    
Pension liabilities 5,445,000 10,540,000
Nonqualified Plan    
Current liabilities    
Pension liabilities $ 17,103,000 $ 18,630,000