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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 10,364 $ 11,911
Restricted cash 0 3,222
Accounts receivable (less allowance of $163 at December 31, 2022 and $266 at December 31, 2021) 39,700 41,051
Unbilled accounts receivable 7,893 8,134
Contract assets 309 622
Prepaid expenses 2,176 1,948
Prepaid income tax and income tax receivable 4,262 7,456
Other current assets 1,607 1,031
Total current assets 66,311 75,375
Property, plant and equipment    
Buildings and improvements 4,387 6,430
Equipment and furniture 20,478 21,189
Software 20,724 29,949
Software development and equipment installations in progress 8,947 2,691
Gross property, plant and equipment 54,536 60,259
Less accumulated depreciation (44,013) (52,512)
Net property, plant and equipment [1] 10,523 7,747
Right-of-use assets 19,169 22,142
Other assets    
Intangible assets, net 3,540 0
Goodwill 2,398 0
Deferred tax assets, net 16,306 0
Other long-term assets 1,737 2,597
Other assets 23,981 2,597
Total assets 119,984 107,861
Current liabilities    
Accounts payable and accrued expenses 22,465 16,132
Accrued payroll and related expenses 6,679 7,028
Deferred revenue and customer advances 4,590 3,942
Customer postage and program deposits 1,223 6,496
Other current liabilities 2,862 2,291
Short-term lease liabilities 5,747 6,553
Total current liabilities 43,566 42,442
Long-term debt, net of current portion 0 5,000
Long-term lease liabilities 16,575 19,215
Other long-term liabilities 3,263 3,697
Total liabilities 101,176 122,853
Preferred stock, $1 par value, 1,000,000 shares authorized; 0 and 9,926 shares of Series A Convertible Preferred Stock, issued and outstanding at December 31, 2022 and December 2021, respectively 0 9,723
Stockholders’ equity (deficit)    
Common stock, $1 par value, 25,000,000 shares authorized,12,221,484 shares issued, 7,402,614 and 6,976,144 shares outstanding at December 31, 2022 and December 31, 2021, respectively 12,221 12,121
Additional paid-in capital 218,411 290,711
Retained earnings 846,490 811,094
Less treasury stock, 4,818,870 shares at cost at December 31, 2022 and 5,145,340 shares at cost at December 31, 2021 (1,010,012) (1,085,313)
Accumulated other comprehensive loss (48,302) (53,328)
Total stockholders’ equity (deficit) 18,808 (24,715)
Total liabilities, preferred stock and stockholders’ equity (deficit) 119,984 107,861
Qualified Plan [Member]    
Current liabilities    
Pension liabilities 18,674 27,359
Nonqualified Plan [Member]    
Current liabilities    
Pension liabilities $ 19,098 $ 25,140
[1] Property, plant and equipment are based on physical location.