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Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents and restricted cash [1] $ 5,587,000 $ 9,934,000
Accounts receivable (less allowance of $22 and $50 at December 31, 2025 and 2024, respectively) 27,841,000 31,648,000
Contract assets and unbilled accounts receivable 7,049,000 8,215,000
Prepaid expenses 2,363,000 1,511,000
Prepaid income tax and income tax receivable 1,431,000 938,000
Other current assets 2,046,000 1,368,000
Total current assets 46,317,000 53,614,000
Net property, plant and equipment 8,386,000 8,956,000
Right-of-use assets 19,854,000 22,460,000
Other assets    
Intangible assets, net 370,000 563,000
Goodwill 295,000 295,000
Deferred tax assets, net 16,040,000 15,177,000
Other long-term assets 564,000 717,000
Total other assets 17,269,000 16,752,000
Total assets 91,826,000 101,782,000
Current liabilities    
Accounts payable 13,096,000 13,429,000
Accrued expenses 5,915,000 8,403,000
Accrued payroll and related expenses 2,749,000 3,210,000
Deferred revenue and customer advances 813,000 1,589,000
Customer postage and program deposits 868,000 1,625,000
Other current liabilities 3,180,000 3,145,000
Short-term lease liabilities 3,543,000 3,736,000
Total current liabilities 30,164,000 35,137,000
Long-term lease liabilities 18,861,000 20,860,000
Other long-term liabilities 1,174,000 1,548,000
Total liabilities 71,300,000 80,093,000
Stockholders’ equity    
Common stock, $1 par value, 25,000,000 shares authorized, 12,221,484 shares issued, 7,414,794 and 7,357,450 shares outstanding at December 31, 2025 and 2024, respectively 12,221,000 12,221,000
Additional paid-in capital 109,558,000 124,194,000
Retained earnings 813,812,000 814,623,000
Less treasury stock, 4,806,690 and 4,864,034 shares at December 31, 2025 and 2024, respectively, at cost (900,085,000) (915,752,000)
Accumulated other comprehensive loss (14,980,000) (13,597,000)
Total stockholders’ equity 20,526,000 21,689,000
Total liabilities and stockholders’ equity 91,826,000 101,782,000
Qualified Plan    
Current liabilities    
Pension liabilities 4,106,000 5,445,000
Nonqualified Plan    
Current liabilities    
Pension liabilities $ 16,995,000 $ 17,103,000
[1]
(1) This amount is comprised of the below balances:
Cash and cash equivalents$5,582 9,810 
Restricted cash$124 
0$5,587 $9,934