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Condensed Consolidated Balance Sheets (Current period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 10,570 $ 11,911
Restricted cash 2,337 3,222
Accounts receivable (less allowance for doubtful accounts of $170 at June 30, 2022 and $266 at December 31, 2021) 44,894 41,051
Unbilled accounts receivable 5,157 8,134
Contract assets 337 622
Prepaid expenses 2,763 1,948
Prepaid income taxes and income tax receivable 6,752 7,456
Other current assets 11,068 1,031
Total current assets 83,878 75,375
Property, plant and equipment (less accumulated depreciation of $51,791 at June 30, 2022 and $52,512 at December 31, 2021) 9,328 7,747
Right-of-use assets 18,982 22,142
Other assets 1,972 2,597
Total assets 114,160 107,861
Current liabilities    
Accounts payable and accrued expenses 17,444 16,132
Accrued payroll and related expenses 4,858 7,028
Deferred revenue and customer advances 6,164 3,942
Customer postage and program deposits 4,751 6,496
Other current liabilities 3,129 2,291
Current portion of lease liabilities 5,307 6,553
Total current liabilities 41,653 42,442
Long-term debt 10,000 5,000
Long-term lease liabilities, net of current portion 16,594 19,215
Other long-term liabilities 3,205 3,697
Total liabilities 122,148 122,853
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, 7,032,528 and 6,976,144 shares outstanding at June 30, 2022 and December 31, 2021, respectively 12,121 12,121
Additional paid-in capital 272,727 290,711
Retained earnings 818,900 811,094
Less treasury stock, 5,088,956 shares at cost at June 30, 2022 and 5,145,340 shares at cost at December 31, 2021 (1,066,608) (1,085,313)
Accumulated other comprehensive loss (54,851) (53,328)
Total stockholders’ deficit (17,711) (24,715)
Total liabilities, Preferred Stock and stockholders’ deficit 114,160 107,861
Qualified Plan [Member]    
Current liabilities    
Pension liabilities 26,088 27,359
Nonqualified Plan [Member]    
Current liabilities    
Pension liabilities $ 24,608 $ 25,140