Note 11 - Operating Segments

9 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note 11 - Operating Segments

The Company’s reportable segments are: (i) the Traditional Business and (ii) Journal Technologies. All inter-segment transactions were eliminated. Summarized financial information concerning the Company’s reportable segments is shown in the following table:

	Reportable Segments
	Traditional Business			Journal Technologies			Corporate income and expenses			Total
Nine months ended June 30, 2016
Revenues
Advertising	$	7,382,000		$	---		$	---		$	7,382,000
Circulation		4,431,000			---			---			4,431,000
Advertising service fees and other		2,014,000			---			---			2,014,000
Licensing and maintenance fees		---			11,433,000			---			11,433,000
Consulting fees		---			3,788,000			---			3,788,000
Other public service fees		---			3,547,000			---			3,547,000
Operating expenses		12,911,000			23,004,000			---			35,915,000
Income (loss) from operations		916,000			(4,236,000	)		---			(3,320,000	)
Dividends and interest income		---			---			3,013,000			3,013,000
Other income		37,000			---			9,000			46,000
Interest expenses on note payable collateralized by real estate and margin loans		(62,000	)		---			(208,000	)		(270,000	)
Interest expense accrued for uncertain and unrecognized tax benefits		---			(75,000	)		---			(75,000	)
Pretax income (loss)		891,000			(4,311,000	)		2,814,000			(606,000	)
Income tax (expense) benefit		(685,000	)		1,680,000			(470,000	)		525,000
Net income (loss)		206,000			(2,631,000	)		2,344,000			(81,000	)
Total assets		18,553,000			40,119,000			161,250,000			219,922,000
Capital expenditures, including purchase of Logan building		3,635,000			35,000			---			3,670,000
Amortization of intangible assets		106,000			3,671,000			---			3,777,000

	Reportable Segments
	Traditional Business			Journal Technologies			Corporate income and expenses			Total
Nine months ended June 30, 2015
Revenues
Advertising	$	7,954,000		$	---		$	---		$	7,954,000
Circulation		4,429,000			---			---			4,429,000
Advertising service fees and other		2,037,000			---			---			2,037,000
Licensing and maintenance fees		---			10,752,000			---			10,752,000
Consulting fees		---			3,401,000			---			3,401,000
Other public service fees		---			4,636,000			---			4,636,000
Operating expenses		13,600,000			22,081,000			---			35,681,000
Income (loss) from operations		820,000			(3,292,000	)		---			(2,472,000	)
Dividends and interest income		---			---			2,865,000			2,865,000
Other income and capital gains		---			---			55,000			55,000
Interest expenses on margin loans		---			---			(168,000	)		(168,000	)
Interest expense accrued for uncertain and unrecognized tax benefits		---			(70,000	)		---			(70,000	)
Pretax income (loss)		820,000			(3,362,000	)		2,752,000			210,000
Income tax (expense) benefit		(15,000	)		1,235,000			(460,000	)		760,000
Net income (loss)		805,000			(2,127,000	)		2,292,000			970,000
Total assets		15,144,000			46,419,000			181,637,000			243,200,000
Capital expenditures		315,000			118,000			---			433,000
Amortization of intangible assets		---			3,671,000			---			3,671,000

	Reportable Segments
	Traditional Business			Journal Technologies			Corporate income and expenses			Total
Three months ended June 30, 2016
Revenues
Advertising	$	2,715,000		$	---		$	---		$	2,715,000
Circulation		1,467,000			---			---			1,467,000
Advertising service fees and other		720,000			---			---			720,000
Licensing and maintenance fees		---			3,679,000			---			3,679,000
Consulting fees		---			748,000			---			748,000
Other public service fees		---			1,009,000			---			1,009,000
Operating expenses		4,136,000			7,984,000			---			12,120,000
Income (loss) from operations		766,000			(2,548,000	)		---			(1,782,000	)
Dividends and interest income		---			---			1,277,000			1,277,000
Other income		16,000			---			---			16,000
Interest expenses on note payable collateralized by real estate and margin loans		(26,000	)		---			(82,000	)		(108,000	)
Interest expense accrued for uncertain and unrecognized tax benefits		---			(26,000	)		---			(26,000	)
Pretax income (loss)		756,000			(2,574,000	)		1,195,000			(623,000	)
Income tax (expense) benefit		(520,000	)		1,010,000			(205,000	)		285,000
Net income (loss)		236,000			(1,564,000	)		990,000			(338,000	)
Total assets		18,553,000			40,119,000			161,250,000			219,922,000
Capital expenditures		10,000			32,000			---			42,000
Amortization of intangible assets		35,000			1,224,000			---			1,259,000

	Reportable Segments
	Traditional Business			Journal Technologies			Corporate income and expenses			Total
Three months ended June 30, 2015
Revenues
Advertising	$	2,701,000		$	---		$	---		$	2,701,000
Circulation		1,445,000			---			---			1,445,000
Advertising service fees and other		702,000			---			---			702,000
Licensing and maintenance fees		---			3,315,000			---			3,315,000
Consulting fees		---			791,000			---			791,000
Other public service fees		---			1,540,000			---			1,540,000
Operating expenses		4,424,000			7,215,000			---			11,639,000
Income (loss) from operations		424,000			(1,569,000	)		---			(1,145,000	)
Dividends and interest income		---			---			1,177,000			1,177,000
Other income and capital gains		---			---			23,000			23,000
Interest expenses on margin loans		---			---			(56,000	)		(56,000	)
Interest expense accrued for uncertain and unrecognized tax benefits		---			(26,000	)		---			(26,000	)
Pretax income (loss)		424,000			(1,595,000	)		1,144,000			(27,000	)
Income tax (expense) benefit		(325,000	)		565,000			(180,000	)		60,000
Net income (loss)		99,000			(1,030,000	)		964,000			33,000
Total assets		15,144,000			46,419,000			181,637,000			243,200,000
Capital expenditures		9,000			38,000			---			47,000
Amortization of intangible assets		---			1,223,000			---			1,223,000