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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 5,944 $ 18,364
Accounts receivable (less allowance for doubtful accounts of $54 and $474 at September 30, 2024 and December 31, 2023, respectively) 33,275 34,313
Contract assets and unbilled accounts receivable 9,260 7,935
Prepaid expenses 2,119 1,915
Prepaid income taxes and income tax receivable 1,758 1,758
Other current assets 1,467 928
Total current assets 53,823 65,213
Property, plant and equipment (less accumulated depreciation of $38,845 and $36,533, respectively) 9,310 8,855
Right-of-use assets 22,926 25,417
Other assets    
Intangible assets, net 2,280 2,820
Goodwill 1,926 1,926
Deferred tax assets, net 17,128 17,268
Other long-term assets 734 1,258
Total other assets 22,068 23,272
Total assets 108,127 122,757
Current liabilities    
Accounts payable and accrued expenses 20,880 23,176
Accrued payroll and related expenses 4,476 5,615
Deferred revenue and customer advances 3,400 3,195
Customer postage and program deposits 1,430 1,815
Other current liabilities 2,995 9,495
Current portion of lease liabilities 3,762 4,815
Total current liabilities 36,943 48,111
Long-term lease liabilities, net of current portion 21,469 23,691
Other long-term liabilities 1,767 1,928
Total liabilities 87,078 102,900
Stockholders’ equity    
Common stock, $1 par value, 25,000,000 shares authorized; 12,221,484 shares issued, 7,353,162 and 7,224,718 shares outstanding at September 30, 2024 and December 31, 2023, respectively 12,221 12,221
Additional paid-in capital 125,173 157,889
Retained earnings 817,057 844,920
Less treasury stock, 4,868,322 shares at cost at September 30, 2024 and 4,996,766 shares at cost at December 31, 2023 (916,993) (951,083)
Accumulated other comprehensive loss (16,409) (44,090)
Total stockholders’ equity 21,049 19,857
Total liabilities and stockholders’ equity 108,127 122,757
Qualified Plan    
Current liabilities    
Pension liabilities 8,931 10,540
Nonqualified Plan    
Current liabilities    
Pension liabilities $ 17,968 $ 18,630