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Condensed Consolidated Balance Sheets (Current period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 13,364 $ 10,364
Accounts receivable (less allowance for doubtful accounts of $215 and $163, respectively) 36,095 39,700
Unbilled accounts receivable 8,235 7,893
Contract assets 259 309
Prepaid expenses 3,339 2,176
Prepaid income taxes and income tax receivable 1,468 4,262
Other current assets 1,190 1,607
Total current assets 63,950 66,311
Property, plant and equipment (less accumulated depreciation of $37,394 and $44,013, respectively) 9,734 10,523
Right-of-use assets 18,011 19,169
Other assets    
Intangible assets, net 3,180 3,540
Goodwill 2,398 2,398
Deferred tax assets, net 15,944 16,306
Other long-term assets 1,443 1,737
Total other assets 22,965 23,981
Total assets 114,660 119,984
Current liabilities    
Accounts payable and accrued expenses 17,887 22,465
Accrued payroll and related expenses 5,572 6,679
Deferred revenue and customer advances 6,701 4,590
Customer postage and program deposits 1,663 1,223
Other current liabilities 2,680 2,862
Current portion of lease liabilities 5,903 5,747
Total current liabilities 40,406 43,566
Long-term lease liabilities, net of current portion 14,631 16,575
Other long-term liabilities 2,381 3,263
Total liabilities 94,110 101,176
Stockholders’ equity    
Common stock, $1 par value, 25,000,000 shares authorized;12,221,484 shares issued, 7,201,071 and 7,702,614 shares outstanding at June 30, 2023 and December 31, 2022, respectively 12,221 12,221
Additional paid-in capital 187,386 218,411
Retained earnings 846,279 846,490
Less treasury stock, 5,020,413 shares at cost at June 30, 2023 and 4,818,870 shares at cost at December 31, 2022 (980,156) (1,010,012)
Accumulated other comprehensive loss (45,180) (48,302)
Total stockholders’ equity 20,550 18,808
Total liabilities and stockholders’ equity 114,660 119,984
Qualified Plan [Member]    
Current liabilities    
Pension liabilities 17,962 18,674
Nonqualified Plan [Member]    
Current liabilities    
Pension liabilities $ 18,730 $ 19,098