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Condensed Consolidated Balance Sheets (Current period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 13,118 $ 10,364
Accounts receivable (less allowance for doubtful accounts of $229 at March 31, 2023 and $163 at December 31, 2022) 37,238 39,700
Unbilled accounts receivable 6,907 7,893
Contract assets 305 309
Prepaid expenses 3,385 2,176
Prepaid income taxes and income tax receivable 13 4,262
Other current assets 1,213 1,607
Total current assets 62,179 66,311
Property, plant and equipment (less accumulated depreciation of $45,072 at March 31, 2023 and $44,013 at December 31, 2022) 10,103 10,523
Right-of-use assets 19,190 19,169
Other assets    
Intangible assets, net 3,360 3,540
Goodwill 2,398 2,398
Deferred tax assets, net 16,083 16,306
Other long-term assets 1,570 1,737
Other assets 23,411 23,981
Total assets 114,883 119,984
Current liabilities    
Accounts payable and accrued expenses 19,998 22,465
Accrued payroll and related expenses 3,442 6,679
Deferred revenue and customer advances 4,656 4,590
Customer postage and program deposits 1,327 1,223
Other current liabilities 2,915 2,862
Current portion of lease liabilities 5,927 5,747
Total current liabilities 38,265 43,566
Long-term lease liabilities, net of current portion 16,091 16,575
Other long-term liabilities 2,717 3,263
Total liabilities 93,918 101,176
Stockholders’ equity    
Common stock, $1 par value, 25,000,000 shares authorized;12,221,484 shares issued, 7,485,170 and 7,702,614 shares outstanding at March 31, 2023 and December 31, 2022, respectively 12,221 12,221
Additional paid-in capital 197,413 218,411
Retained earnings 845,699 846,490
Less treasury stock, 4,736,314 shares at cost at March 31, 2023 and 4,818,870 shares at cost at December 31, 2022 (988,686) (1,010,012)
Accumulated other comprehensive loss (45,682) (48,302)
Total stockholders’ equity 20,965 18,808
Total liabilities and stockholders’ equity 114,883 119,984
Qualified Plan [Member]    
Current liabilities    
Pension liabilities 17,988 18,674
Nonqualified Plan [Member]    
Current liabilities    
Pension liabilities $ 18,857 $ 19,098