Note 11 - Operating Segments

3 Months Ended

Dec. 31, 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 regarding the Company’s reportable segments is shown in the following table:

	Reportable Segments
	Traditional Business			Journal Technologies			Corporate income and expenses			Total
Three months ended December 31, 2016
Revenues
Advertising	$	2,310,000		$	---		$	---		$	2,310,000
Circulation		1,449,000			---			---			1,449,000
Advertising service fees and other		638,000			---			---			638,000
Licensing and maintenance fees		---			3,966,000			---			3,966,000
Consulting fees		---			848,000			---			848,000
Other public service fees		---			779,000			---			779,000
Operating expenses		4,400,000			8,443,000			---			12,843,000
Loss from operations		(3,000	)		(2,850,000	)		---			(2,853,000	)
Dividends and interest income		---			---			1,171,000			1,171,000
Other income		15,000			---			---			15,000
Interest expenses on note payable collateralized by real estate		(26,000	)		---			---			(26,000	)
Interest expenses on margin loans		---			---			(79,000	)		(79,000	)
Interest expense accrued for uncertain and unrecognized tax benefits		---			(9,000	)		---			(9,000	)
Pretax income (loss)		(14,000	)		(2,859,000	)		1,092,000			(1,781,000	)
Income tax (expense) benefit		---			775,000			(465,000	)		310,000
Net income (loss)		(14,000	)		(2,084,000	)		627,000			(1,471,000	)
Total assets		14,294,000			37,981,000			196,486,000			248,761,000
Capital expenditures		160,000			27,000			---			187,000
Amortization of intangible assets		---			1,224,000			---			1,224,000

	Reportable Segments
	Traditional Business			Journal Technologies			Corporate income and expenses			Total
Three months ended December 31, 2015
Revenues
Advertising, net	$	2,321,000		$	---		$	---		$	2,321,000
Circulation		1,506,000			---			---			1,506,000
Advertising service fees and other		650,000			---			---			650,000
Licensing and maintenance fees		---			3,647,000			---			3,647,000
Consulting fees		---			1,376,000			---			1,376,000
Other public service fees		---			1,315,000			---			1,315,000
Operating expenses		4,353,000			7,424,000			---			11,777,000
Income (loss) from operations		124,000			(1,086,000	)		---			(962,000	)
Dividends and interest income		---			---			903,000			903,000
Other income		7,000			---			9,000			16,000
Interest expenses on note payable collateralized by real estate		(9,000	)		---			---			(9,000	)
Interest expenses on margin loans		---			---			(59,000	)		(59,000	)
Interest expense accrued for uncertain and unrecognized tax benefits		---			(24,000	)		---			(24,000	)
Pretax income (loss)		122,000			(1,110,000	)		853,000			(135,000	)
Income tax (expense) benefit		(50,000	)		395,000			(160,000	)		185,000
Net income (loss)		72,000			(715,000	)		693,000			50,000
Total assets		16,985,000			42,527,000			178,984,000			238,496,000
Capital expenditures, including purchase of Logan building		3,541,000			---			---			3,541,000
Amortization of intangible assets		35,000			1,224,000			---			1,259,000