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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Revenues        
Advertising $ 2,123,000 $ 2,346,000 $ 4,433,000 $ 4,667,000
Circulation 1,424,000 1,458,000 2,873,000 2,964,000
Advertising service fees and other 695,000 644,000 1,333,000 1,294,000
Licensing and maintenance fees 3,882,000 4,107,000 7,848,000 7,754,000
Consulting fees 1,310,000 1,664,000 2,158,000 3,040,000
Other public service fees 845,000 1,223,000 1,624,000 2,538,000
10,279,000 11,442,000 20,269,000 22,257,000
Costs and expenses        
Salaries and employee benefits 8,097,000 7,029,000 15,738,000 13,677,000
Outside services 1,087,000 813,000 2,067,000 1,677,000
Postage and delivery expenses 285,000 292,000 563,000 578,000
Newsprint and printing expenses 230,000 219,000 439,000 436,000
Depreciation and amortization 1,389,000 1,428,000 2,781,000 2,843,000
Other general and administrative expenses 2,457,000 2,237,000 4,800,000 4,584,000
13,545,000 12,018,000 26,388,000 23,795,000
Loss from operations (3,266,000) (576,000) (6,119,000) (1,538,000)
Other income (expense)        
Dividends and interest income 1,368,000 833,000 2,539,000 1,736,000
Other income 6,000 14,000 21,000 30,000
Interest and penalty expense reversal (accrual) for uncertain and unrecognized tax benefits 752,000 (25,000) 743,000 (49,000)
(Loss) income before income taxes (1,261,000) 152,000 (3,042,000) 17,000
Benefit from income taxes 4,240,000 55,000 4,550,000 240,000
Net income $ 2,979,000 $ 207,000 $ 1,508,000 $ 257,000
Weighted average number of common shares outstanding - basic and diluted (in shares) 1,380,746 1,380,746 1,380,746 1,380,746
Basic and diluted net (loss) income per share (in dollars per share) $ 2.16 $ 0.15 $ 1.09 $ 0.19
Comprehensive income (loss)        
Net income $ 2,979,000 $ 207,000 $ 1,508,000 $ 257,000
Net increase (decrease) in unrealized appreciation of marketable securities (net of taxes) 4,638,000 (10,058,000) 19,657,000 (4,131,000)
7,617,000 (9,851,000) 21,165,000 (3,874,000)
Real Estate Bank Loan Secured by Logan Office [Member]        
Other income (expense)        
Interest expense on debt (25,000) (27,000) (51,000) (36,000)
Margin Account [Member]        
Other income (expense)        
Interest expense on debt $ (96,000) $ (67,000) $ (175,000) $ (126,000)