XML 45 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 56,749us-gaap_CashAndCashEquivalentsAtCarryingValue $ 88,747us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable (less allowance for doubtful accounts of $1,224 at December 31, 2014 and $1,729 at December 31, 2013) 125,295us-gaap_AccountsReceivableNetCurrent 120,122us-gaap_AccountsReceivableNetCurrent
Inventory 1,235us-gaap_InventoryNet 1,286us-gaap_InventoryNet
Prepaid expenses 9,000us-gaap_PrepaidExpenseCurrent 8,528us-gaap_PrepaidExpenseCurrent
Current deferred income tax asset 5,077us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent 7,696us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent
Prepaid income tax 1,185us-gaap_PrepaidTaxes 4,755us-gaap_PrepaidTaxes
Other current assets 7,953us-gaap_OtherAssetsCurrent 8,171us-gaap_OtherAssetsCurrent
Total current assets 206,494us-gaap_AssetsCurrent 239,305us-gaap_AssetsCurrent
Property, plant and equipment    
Land   20us-gaap_Land
Buildings and improvements 17,112us-gaap_BuildingsAndImprovementsGross 16,194us-gaap_BuildingsAndImprovementsGross
Software 88,422us-gaap_CapitalizedComputerSoftwareGross 86,879us-gaap_CapitalizedComputerSoftwareGross
Equipment and furniture 102,688us-gaap_FurnitureAndFixturesGross 104,120us-gaap_FurnitureAndFixturesGross
Software development and equipment installations in progress 2,390us-gaap_ConstructionInProgressGross 3,352us-gaap_ConstructionInProgressGross
Gross property, plant and equipment 210,612us-gaap_PropertyPlantAndEquipmentGross 210,565us-gaap_PropertyPlantAndEquipmentGross
Less accumulated depreciation and amortization (173,699)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment (169,854)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Net property, plant and equipment 36,913us-gaap_PropertyPlantAndEquipmentNet 40,711us-gaap_PropertyPlantAndEquipmentNet
Goodwill 398,164us-gaap_Goodwill 398,164us-gaap_Goodwill
Other intangible assets (less accumulated amortization of $9,744 at December 31, 2014 and $9,748 at December 31, 2013) 2,277us-gaap_IntangibleAssetsNetExcludingGoodwill 2,303us-gaap_IntangibleAssetsNetExcludingGoodwill
Other assets 3,351us-gaap_OtherAssetsNoncurrent 5,053us-gaap_OtherAssetsNoncurrent
Total assets 647,199us-gaap_Assets 685,536us-gaap_Assets
Current liabilities    
Current maturities of long-term debt 18,375us-gaap_LongTermDebtCurrent 15,313us-gaap_LongTermDebtCurrent
Accounts payable 36,478us-gaap_AccountsPayableCurrent 36,756us-gaap_AccountsPayableCurrent
Accrued payroll and related expenses 9,773us-gaap_EmployeeRelatedLiabilitiesCurrent 16,255us-gaap_EmployeeRelatedLiabilitiesCurrent
Deferred revenue and customer advances 33,631us-gaap_DeferredRevenueCurrent 36,257us-gaap_DeferredRevenueCurrent
Income taxes payable 2,462us-gaap_AccruedIncomeTaxesCurrent 3,407us-gaap_AccruedIncomeTaxesCurrent
Customer postage and program deposits 17,120us-gaap_CustomerDepositsCurrent 23,877us-gaap_CustomerDepositsCurrent
Other current liabilities 6,430us-gaap_OtherLiabilitiesCurrent 8,978us-gaap_OtherLiabilitiesCurrent
Total current liabilities 124,269us-gaap_LiabilitiesCurrent 140,843us-gaap_LiabilitiesCurrent
Long-term debt 64,312us-gaap_LongTermDebtNoncurrent 82,687us-gaap_LongTermDebtNoncurrent
Pensions 65,156us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 39,194us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
Other long-term liabilities (including deferred income taxes of $59,532 at December 31, 2014 and $65,788 at December 31, 2013) 66,786us-gaap_OtherLiabilitiesNoncurrent 73,758us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 320,523us-gaap_Liabilities 336,482us-gaap_Liabilities
Stockholders' equity    
Common stock, $1 par value, 250,000,000 shares authorized 119,606,551 shares issued at December 31, 2014 and 119,186,705 shares issued at December 31, 2013 119,607us-gaap_CommonStockValue 119,187us-gaap_CommonStockValue
Additional paid-in capital 346,239us-gaap_AdditionalPaidInCapitalCommonStock 345,095us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 1,165,707us-gaap_RetainedEarningsAccumulatedDeficit 1,163,201us-gaap_RetainedEarningsAccumulatedDeficit
Less treasury stock, 57,832,362 shares at cost at December 31, 2014 and 56,600,972 shares at cost at December 31, 2013 (1,257,648)us-gaap_TreasuryStockValue (1,250,311)us-gaap_TreasuryStockValue
Accumulated other comprehensive loss (47,229)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (28,118)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total stockholders' equity 326,676us-gaap_StockholdersEquity 349,054us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 647,199us-gaap_LiabilitiesAndStockholdersEquity $ 685,536us-gaap_LiabilitiesAndStockholdersEquity