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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 46,005 $ 16,564
Accounts receivable (less allowance for doubtful accounts of $1,028 at December 31, 2016 and $974 at December 31, 2015) 88,813 103,758
Inventory 838 963
Prepaid expenses 5,944 7,908
Prepaid income tax 2,895 1,760
Other current assets 4,934 6,664
Current assets of discontinued operations 0 169,401
Total current assets 149,429 307,018
Property, plant and equipment    
Buildings and improvements 18,673 16,631
Software 53,672 55,901
Equipment and furniture 92,367 99,726
Software development and equipment installations in progress 600 1,015
Gross property, plant and equipment 165,312 173,273
Less accumulated depreciation and amortization (141,388) (145,137)
Net property, plant and equipment 23,924 28,136
Goodwill 34,510 69,699
Other intangible assets (less accumulated amortization of $1,471 at December 31, 2016 and $650 at December 31, 2015) 3,302 4,123
Deferred tax assets, net 0 3,000
Other assets 2,272 2,437
Total assets 213,437 414,413
Current liabilities    
Current maturities of long-term debt 0 3,000
Accounts payable 45,563 36,617
Accrued payroll and related expenses 9,990 7,416
Deferred revenue and customer advances 6,505 6,240
Income taxes payable 30,436 1,246
Customer postage and program deposits 7,985 12,513
Other current liabilities 4,188 6,342
Total current liabilities of discontinued operations 0 24,758
Total current liabilities 104,667 98,132
Long-term debt 0 74,105
Pensions 60,836 55,491
Contingent consideration 29,725 20,277
Deferred tax liability, net 11,044 20,672
Other long-term liabilities 4,509 5,420
Total liabilities 210,781 274,097
Stockholders’ equity    
Common stock, $1 par value, 250,000,000 shares authorized 120,436,735 shares issued at December 31, 2016 and 120,146,720 shares issued at December 31, 2015 120,437 120,147
Additional paid-in capital 350,245 353,050
Retained earnings 837,316 973,538
Less treasury stock, 58,791,630 shares at cost at December 31, 2016 and 58,879,742 shares at cost at December 31, 2015 (1,259,164) (1,262,859)
Accumulated other comprehensive loss (46,178) (43,560)
Total stockholders’ equity 2,656 140,316
Total liabilities and stockholders’ equity $ 213,437 $ 414,413