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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 8,982 $ 9,934
Accounts receivable (less allowance of $102 and $50 at March 31, 2025 and December 31, 2024, respectively) 29,585 31,648
Contract assets and unbilled accounts receivable 10,775 8,215
Prepaid expenses 2,139 1,511
Prepaid income taxes and income tax receivable 938 938
Other current assets 1,297 1,368
Total current assets 53,716 53,614
Property, plant and equipment (less accumulated depreciation of $38,716 and $37,635, respectively) 8,532 8,956
Right-of-use assets 21,730 22,460
Other assets    
Intangible assets, net 514 563
Goodwill 295 295
Deferred tax assets, net 15,142 15,177
Other long-term assets 656 717
Total other assets 16,607 16,752
Total assets 100,585 101,782
Current liabilities    
Accounts payable and accrued expenses 21,972 21,832
Accrued payroll and related expenses 3,569 3,210
Deferred revenue and customer advances 2,482 1,589
Customer postage and program deposits 1,642 1,625
Other current liabilities 2,529 3,145
Current portion of lease liabilities 3,895 3,736
Total current liabilities 36,089 35,137
Long-term lease liabilities, net of current portion 19,878 20,860
Other long-term liabilities 1,277 1,548
Total liabilities 79,164 80,093
Stockholders’ equity    
Common stock, $1 par value, 25,000,000 shares authorized;12,221,484 shares issued, 7,364,430 and 7,357,450 shares outstanding at March 31, 2025 and December 31, 2024, respectively 12,221 12,221
Additional paid-in capital 121,792 124,194
Retained earnings 814,231 814,623
Less treasury stock, 4,857,054 and 4,864,034 shares at March 31, 2025 and December 31, 2024, respectively, at cost (913,427) (915,752)
Accumulated other comprehensive loss (13,396) (13,597)
Total stockholders’ equity 21,421 21,689
Total liabilities and stockholders’ equity 100,585 101,782
Qualified Plan    
Current liabilities    
Pension liabilities 5,035 5,445
Nonqualified Plan    
Current liabilities    
Pension liabilities $ 16,885 $ 17,103