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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 10,378 $ 8,397
Accounts receivable (less allowance for doubtful accounts of $ 554 at September 30, 2018 and $697 at December 31, 2017) 51,201 81,397
Contract assets 2,848 0
Inventory 527 587
Prepaid expenses 4,870 5,039
Prepaid taxes and income tax receivable 14,144 3,886
Other current assets 3,167 3,900
Total current assets 87,135 103,206
Property, plant and equipment (less accumulated depreciation of $135,596 at September 30, 2018 and $136,753 at December 31, 2017) 13,634 21,787
Other intangible assets (less accumulated amortization of $2,184 at December 31, 2017) 0 2,589
Other assets 5,320 3,230
Total assets 106,089 130,812
Current liabilities    
Accounts payable 31,200 36,130
Accrued payroll and related expenses 7,078 10,601
Deferred revenue and customer advances 6,446 5,342
Customer postage and program deposits 4,701 11,443
Other current liabilities 3,460 3,732
Total current liabilities 52,885 67,248
Pensions 58,555 59,338
Contingent consideration 0 33,887
Deferred tax liabilities, net 431 773
Other long-term liabilities 2,951 4,201
Total liabilities 114,822 165,447
Preferred stock, $1 par value, 1,000,000 shares authorized; 9,926 designated as Series A Convertible Preferred Stock; 9,926 shares of Series A Convertible Preferred Stock authorized, issued and outstanding at September 30, 2018 9,723 0
Stockholders’ (deficit) equity    
Common stock, $1 par value, 25,000,000 shares authorized 12,115,055 shares issued at September 30, 2018 and 12,074,661 shares issued at December 31, 2017 12,115 12,075
Additional paid-in capital 455,008 457,186
Retained earnings 811,063 794,583
Less treasury stock, 5,861,032 shares at cost at September 30, 2018 and 5,864,641 shares at cost at December 31, 2017 (1,252,681) (1,254,176)
Accumulated other comprehensive loss (43,961) (44,303)
Total stockholders’ (deficit) equity (18,456) (34,635)
Total liabilities, preferred stock and stockholders’ equity $ 106,089 $ 130,812