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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 43,642 $ 46,005
Accounts receivable (less allowance for doubtful accounts of $1,184 at March 31, 2017 and $1,028 at December 31, 2016) 77,892 88,813
Inventory 869 838
Prepaid expenses 7,179 5,944
Prepaid taxes and income tax receivable 0 2,895
Other current assets 3,579 4,934
Total current assets 133,161 149,429
Property, plant and equipment (less accumulated depreciation of $143,576 at March 31, 2017 and $141,388 at December 31, 2016) 22,111 23,924
Goodwill 34,510 34,510
Other intangible assets (less accumulated amortization of $1,676 at March 31, 2017 and $1,471 at December 31, 2016) 3,097 3,302
Other assets 2,841 2,272
Total assets 195,720 213,437
Current liabilities    
Accounts payable 39,542 45,563
Accrued payroll and related expenses 10,059 9,990
Deferred revenue and customer advances 6,174 6,505
Income taxes payable 26,082 30,436
Customer postage and program deposits 7,505 7,985
Other current liabilities 4,113 4,188
Total current liabilities 93,475 104,667
Pensions 60,568 60,836
Contingent consideration 30,766 29,725
Deferred tax liabilities, net 10,824 11,044
Other long-term liabilities 3,910 4,509
Total liabilities 199,543 210,781
Common stock, $1 par value, 250,000,000 shares authorized 120,474,745 shares issued at March 31, 2017 and 120,436,735 shares issued at December 31, 2016 120,475 120,437
Additional paid-in capital 350,080 350,245
Retained earnings 829,057 837,316
Less treasury stock, 58,729,813 shares at cost at March 31, 2017 and 58,791,630 shares at cost at December 31, 2016 (1,257,640) (1,259,164)
Accumulated other comprehensive loss (45,795) (46,178)
Total stockholders’ (deficit) equity (3,823) 2,656
Total liabilities and stockholders’ equity $ 195,720 $ 213,437