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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 13,074 $ 46,005
Accounts receivable (less allowance for doubtful accounts of $905 at June 30, 2017 and $1,028 at December 31, 2016) 81,436 88,813
Inventory 779 838
Prepaid expenses 6,214 5,944
Prepaid taxes and income tax receivable 9,183 2,895
Other current assets 3,461 4,934
Total current assets 114,147 149,429
Property, plant and equipment (less accumulated depreciation of $137,002 at June 30, 2017 and $141,388 at December 31, 2016) 21,633 23,924
Goodwill 34,510 34,510
Other intangible assets (less accumulated amortization of $1,846 at June 30, 2017 and $1,471 at December 31, 2016) 2,927 3,302
Other assets 2,984 2,272
Total assets 176,201 213,437
Current liabilities    
Accounts payable 37,505 45,563
Accrued payroll and related expenses 8,207 9,990
Deferred revenue and customer advances 6,164 6,505
Income taxes payable 0 30,436
Customer postage and program deposits 7,095 7,985
Other current liabilities 4,468 4,188
Total current liabilities 63,439 104,667
Long-term debt 12,116 0
Pensions 60,141 60,836
Contingent consideration 31,806 29,725
Deferred tax liabilities, net 10,379 11,044
Other long-term liabilities 3,350 4,509
Total liabilities 181,231 210,781
Common stock, $1 par value, 250,000,000 shares authorized 120,739,949 shares issued at June 30, 2017 and 120,436,735 shares issued at December 31, 2016 120,740 120,437
Additional paid-in capital 349,777 350,245
Retained earnings 826,404 837,316
Less treasury stock, 58,764,171 shares at cost at June 30, 2017 and 58,791,630 shares at cost at December 31, 2016 (1,257,168) (1,259,164)
Accumulated other comprehensive loss (44,783) (46,178)
Total stockholders’ (deficit) equity (5,030) 2,656
Total liabilities and stockholders’ equity $ 176,201 $ 213,437