Note 6 - Reportable Segments

12 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

6. REPORTABLE SEGMENTS

Operating segments are defined as components of an enterprise which has discrete financial information that is evaluated regularly by the Company’s Chief Executive Officer to decide how to allocate resources and to access performance.

In accordance with ASC 280-10,

Segment Reporting

, the Company has two segments of business. 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 and Corporate income and expenses is shown in the following table:

Reportable Segments

	Reportable Segments
	Traditional Business			Journal Technologies			Corporate income and expenses			Total
Fiscal 2016
Revenues
Advertising, net	$	9,854,000		$	---		$	---		$	9,854,000
Circulation		5,912,000			---			---			5,912,000
Advertising service fees and other		2,651,000			---			---			2,651,000
Licensing and maintenance fees		---			14,758,000			---			14,758,000
Consulting fees		---			4,085,000			---			4,085,000
Other public service fees		---			4,352,000			---			4,352,000
Operating expenses		17,240,000			31,012,000			---			48,252,000
Income (loss) from operations		1,177,000			(7,817,000	)		---			(6,640,000	)
Dividends and interest income		---			---			4,085,000			4,085,000
Other income		52,000			---			9,000			61,000
Interest expense on note payable collateralized by real estate		(88,000	)		---			---			(88,000	)
Interest expense on margin loans		---			---			(284,000	)		(284,000	)
Interest expense accrued for uncertain and unrecognized tax benefits		---			(112,000	)		---			(112,000	)
Pretax income (loss)		1,141,000			(7,929,000	)		3,810,000			(2,978,000	)
Income tax benefit (expense)		(530,000	)		3,140,000			(675,000	)		1,935,000
Net income (loss)		611,000			(4,789,000	)		3,135,000			(1,043,000	)
Total assets		19,026,000			39,786,000			166,634,000			225,446,000
Capital expenditures, including purchase of Logan building		3,662,000			117,000			---			3,779,000
Amortization of intangible assets		142,000			4,895,000			---			5,037,000

	Reportable Segments
	Traditional Business			Journal Technologies			Corporate income and expenses			Total
Fiscal 2015
Revenues
Advertising, net	$	10,502,000		$	---		$	---		$	10,502,000
Circulation		5,915,000			---			---			5,915,000
Advertising service fees and other		2,703,000			---			---			2,703,000
Licensing and maintenance fees		---			13,984,000			---			13,984,000
Consulting fees		---			4,704,000			---			4,704,000
Other public service fees		---			6,170,000			---			6,170,000
Operating expenses		18,038,000			29,452,000			---			47,490,000
Income (loss) from operations		1,082,000			(4,594,000	)		---			(3,512,000	)
Dividends and interest income		---			---			3,829,000			3,829,000
Other income and capital gains		---			---			69,000			69,000
Interest expense on margin loans		---			---			(224,000	)		(224,000	)
Interest expense accrued for uncertain and unrecognized tax benefits		---			(96,000	)		---			(96,000	)
Other-than-temporary impairment losses on investments		---			---			(376,000	)		(376,000	)
Pretax income (loss)		1,082,000			(4,690,000	)		3,298,000			(310,000	)
Income tax benefit (expense)		(70,000	)		1,580,000			(390,000	)		1,120,000
Net income (loss)		1,012,000			(3,110,000	)		2,908,000			810,000
Total assets		15,047,000			47,108,000			166,041,000			228,196,000
Capital expenditures		425,000			140,000			---			565,000
Amortization of intangible assets		12,000			4,895,000			---			4,907,000

	Reportable Segments
	Traditional Business			Journal Technologies			Corporate income and expenses			Total
Fiscal 2014
Revenues
Advertising, net	$	11,435,000		$	---		$	---		$	11,435,000
Circulation		6,038,000			---			---			6,038,000
Advertising service fees and other		2,800,000			---			---			2,800,000
Licensing and maintenance fees		---			12,987,000			---			12,987,000
Consulting fees		---			4,002,000			---			4,002,000
Other public service fees		---			6,161,000			---			6,161,000
Operating expenses		17,154,000			28,459,000			---			45,613,000
Income (loss) from operations		3,119,000			(5,309,000	)		---			(2,190,000	)
Dividends and interest income		---			---			3,001,000			3,001,000
Other income		---			---			97,000			97,000
Interest expense on margin loans		---			---			(230,000	)		(230,000	)
Interest expense accrued for uncertain and unrecognized tax benefits		---			(537,000	)		---			(537,000	)
Pretax income (loss)		3,119,000			(5,846,000	)		2,868,000			141,000
Income tax benefit (expense)		(1,460,000	)		2,350,000			(400,000	)		490,000
Net income (loss)		1,659,000			(3,496,000	)		2,468,000			631,000
Total assets		18,228,000			51,973,000			173,676,000			243,877,000
Capital expenditures		110,000			325,000			---			435,000
Amortization of intangible assets		---			4,866,000			---			4,866,000