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Condensed Consolidated Balance Sheets (Current period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 13,288 $ 10,364
Accounts receivable (less allowance for doubtful accounts of $170 and $163, respectively) 33,303 39,700
Unbilled accounts receivable 10,350 7,893
Contract assets 433 309
Prepaid expenses 2,722 2,176
Prepaid income taxes and income tax receivable 1,221 4,262
Other current assets 878 1,607
Total current assets 62,195 66,311
Property, plant and equipment (less accumulated depreciation of $37,847 and $44,013, respectively) 9,279 10,523
Right-of-use assets 16,773 19,169
Other assets    
Intangible assets, net 3,000 3,540
Goodwill 2,426 2,398
Deferred tax assets, net 15,816 16,306
Other long-term assets 1,323 1,737
Total other assets 22,565 23,981
Total assets 110,812 119,984
Current liabilities    
Accounts payable and accrued expenses 18,547 22,465
Accrued payroll and related expenses 4,944 6,679
Deferred revenue and customer advances 5,681 4,590
Customer postage and program deposits 1,445 1,223
Other current liabilities 2,652 2,862
Current portion of lease liabilities 5,446 5,747
Total current liabilities 38,715 43,566
Long-term lease liabilities, net of current portion 13,553 16,575
Other long-term liabilities 2,142 3,263
Total liabilities 90,308 101,176
Stockholders’ equity    
Common stock, $1 par value, 25,000,000 shares authorized;12,221,484 shares issued, 7,216,314 and 7,402,614 shares outstanding at September 30, 2023 and December 31, 2022, respectively 12,221 12,221
Additional paid-in capital 160,213 218,411
Retained earnings 846,897 846,490
Less treasury stock, 5,005,170 shares at cost at September 30, 2023 and 4,818,870 shares at cost at December 31, 2022 (953,591) (1,010,012)
Accumulated other comprehensive loss (45,236) (48,302)
Total stockholders’ equity 20,504 18,808
Total liabilities and stockholders’ equity 110,812 119,984
Qualified Plan [Member]    
Current liabilities    
Pension liabilities 17,388 18,674
Nonqualified Plan [Member]    
Current liabilities    
Pension liabilities $ 18,510 $ 19,098