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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 17,613 $ 56,749
Accounts receivable (less allowance for doubtful accounts of $1,249 at December 31, 2015 and $1,224 at December 31, 2014) 115,155 125,295
Inventory 963 1,235
Prepaid expenses 9,548 9,000
Prepaid income tax 1,760 1,185
Other current assets 6,667 7,953
Total current assets 151,706 201,417
Property, plant and equipment    
Buildings and improvements 17,207 17,112
Software 84,780 88,422
Equipment and furniture 101,083 102,688
Software development and equipment installations in progress 2,258 2,390
Gross property, plant and equipment 205,328 210,612
Less accumulated amortization (171,415) (173,699)
Net property, plant and equipment 33,913 36,913
Goodwill 218,972 398,164
Other intangible assets (less accumulated amortization of $650 at December 31, 2015 and $9,774 at December 31, 2014) 4,123 2,277
Other assets (including deferred income taxes of $3,000 at December 31, 2015 and $2,055 at December 31, 2014) 5,907 5,406
Total assets 414,621 644,177
Current liabilities    
Current maturities of long-term debt 3,000 18,375
Accounts payable 38,287 36,478
Accrued payroll and related expenses 8,340 9,773
Deferred revenue and customer advances 27,426 33,631
Income taxes payable 1,246 2,462
Customer postage and program deposits 12,513 17,120
Other current liabilities 6,628 6,430
Total current liabilities 97,440 124,269
Long-term debt 74,313 64,312
Pensions 55,491 65,156
Contingent consideration 20,277 0
Other long-term liabilities (including deferred income taxes of $20,672 at December 31, 2015 and $56,510 at December 31, 2014) 26,784 63,764
Total liabilities 274,305 317,501
Stockholders’ equity    
Common stock, $1 par value, 250,000,000 shares authorized 120,146,720 shares issued at December 31, 2015 and 119,606,551 shares issued at December 31, 2014 120,147 119,607
Additional paid-in capital 353,050 346,239
Retained earnings 973,538 1,165,707
Less treasury stock, 58,879,742 shares at cost at December 31, 2015 and 57,832,362 shares at cost at December 31, 2014 (1,262,859) (1,257,648)
Accumulated other comprehensive loss (43,560) (47,229)
Total stockholders’ equity 140,316 326,676
Total liabilities and stockholders’ equity $ 414,621 $ 644,177