Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Mar. 31, 2018 | Apr. 30, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | DAILY JOURNAL CORPORATION | |
Entity Central Index Key | 783,412 | |
Trading Symbol | djco | |
Current Fiscal Year End Date | --09-30 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 1,380,746 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Mar. 31, 2018 | Sep. 30, 2017 |
ASSETS | ||
Cash and cash equivalents | $ 7,224,000 | $ 3,384,000 |
Marketable securities at fair value, including common stocks of $217,803,000 at March 31, 2018, and common stocks of $220,973,000 and bonds of $8,292,000 at September 30, 2017 | 217,803,000 | 229,265,000 |
Accounts receivable, less allowance for doubtful accounts of $200,000 at March 31, 2018 and September 30, 2017 | 4,239,000 | 5,358,000 |
Inventories | 46,000 | 40,000 |
Prepaid expenses and other current assets | 612,000 | 798,000 |
Income tax receivable | 854,000 | 909,000 |
Total current assets | 230,778,000 | 239,754,000 |
Property, plant and equipment, at cost | ||
Land, buildings and improvements | 16,409,000 | 16,396,000 |
Furniture, office equipment and computer software | 2,752,000 | 2,724,000 |
Machinery and equipment | 1,818,000 | 1,799,000 |
20,979,000 | 20,919,000 | |
Less accumulated depreciation | (9,584,000) | (9,292,000) |
11,395,000 | 11,627,000 | |
Intangibles, net | 1,248,000 | 3,058,000 |
Goodwill | 13,400,000 | 13,400,000 |
Deferred income taxes - Federal | 7,622,000 | 10,652,000 |
Deferred income taxes - State | 2,299,000 | 2,217,000 |
266,742,000 | 280,708,000 | |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Accounts payable | 2,898,000 | 3,049,000 |
Accrued liabilities | 2,932,000 | 3,112,000 |
Note payable collateralized by real estate | 118,000 | 115,000 |
Total current liabilities | 22,405,000 | 24,074,000 |
Long term liabilities | ||
Investment margin account borrowings | 29,493,000 | 29,493,000 |
Note payable collateralized by real estate | 1,896,000 | 1,956,000 |
Deferred maintenance agreements | 492,000 | 759,000 |
Accrued liabilities | 135,000 | 135,000 |
Deferred income taxes | 42,369,000 | 64,550,000 |
Total long term liabilities | 74,385,000 | 96,893,000 |
Commitments and contingencies (Notes 10 and 11) | ||
Shareholders' equity | ||
Preferred stock, $.01 par value, 5,000,000 shares authorized and no shares issued | 0 | 0 |
Common stock, $.01 par value, 5,000,000 shares authorized; 1,805,053 shares issued, including 424,307 treasury shares, at March 31, 2018 and September 30, 2017 | 14,000 | 14,000 |
Additional paid-in capital | 1,755,000 | 1,755,000 |
Retained earnings | 51,667,000 | 57,150,000 |
Accumulated other comprehensive income | 116,516,000 | 100,822,000 |
Total shareholders' equity | 169,952,000 | 159,741,000 |
266,742,000 | 280,708,000 | |
Subscription Arrangement [Member] | ||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Deferred revenue | 3,117,000 | 3,284,000 |
Deferred Installation Contracts [Member] | ||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Deferred revenue | 4,342,000 | 5,072,000 |
Software Service, Support and Maintenance Arrangement [Member] | ||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Deferred revenue | $ 8,998,000 | $ 9,442,000 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) | Mar. 31, 2018 | Sep. 30, 2017 |
Market securities, common stock | $ 217,803,000 | $ 220,973,000 |
Market securities, bonds | 0 | 8,292,000 |
Accounts receivable, allowance for doubtful accounts | $ 200,000 | $ 200,000 |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Common stock, shares issued (in shares) | 1,805,053 | 1,805,053 |
Common stock, treasury shares (in shares) | 424,307 | 424,307 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2018 | Mar. 31, 2017 | |
Revenue | ||||
Revenues | $ 9,338,000 | $ 10,279,000 | $ 19,590,000 | $ 20,269,000 |
Costs and expenses | ||||
Salaries and employee benefits | 8,555,000 | 8,097,000 | 16,752,000 | 15,738,000 |
Outside services | 1,044,000 | 1,087,000 | 2,083,000 | 2,067,000 |
Postage and delivery expenses | 216,000 | 285,000 | 433,000 | 563,000 |
Newsprint and printing expenses | 191,000 | 230,000 | 403,000 | 439,000 |
Depreciation and amortization | 899,000 | 1,389,000 | 2,117,000 | 2,781,000 |
Other general and administrative expenses | 2,806,000 | 2,457,000 | 5,620,000 | 4,800,000 |
13,711,000 | 13,545,000 | 27,408,000 | 26,388,000 | |
Loss from operations | (4,373,000) | (3,266,000) | (7,818,000) | (6,119,000) |
Other income (expense) | ||||
Dividends and interest income | 1,024,000 | 1,368,000 | 2,507,000 | 2,539,000 |
Gain on sale of bonds | 3,180,000 | 3,182,000 | ||
Other income | 10,000 | 6,000 | 19,000 | 21,000 |
Reversal of accrued interest and penalty expense for uncertain and unrecognized tax benefits | 752,000 | 743,000 | ||
Loss before income taxes | (332,000) | (1,261,000) | (2,443,000) | (3,042,000) |
Benefit from income taxes | 100,000 | 4,240,000 | 16,950,000 | 4,550,000 |
Net (loss) income | $ (232,000) | $ 2,979,000 | $ 14,507,000 | $ 1,508,000 |
Weighted average number of common shares outstanding - basic and diluted (in shares) | 1,380,746 | 1,380,746 | 1,380,746 | 1,380,746 |
Basic and diluted net (loss) income per share (in dollars per share) | $ (0.17) | $ 2.16 | $ 10.51 | $ 1.09 |
Comprehensive (loss) income | ||||
Net income | $ (232,000) | $ 2,979,000 | $ 14,507,000 | $ 1,508,000 |
Net (decrease) increase in unrealized appreciation of marketable securities (net of taxes) | (13,861,000) | 4,638,000 | (1,743,000) | 19,657,000 |
(14,093,000) | 7,617,000 | 12,764,000 | 21,165,000 | |
Real Estate Bank Loan Secured by Logan Office [Member] | ||||
Other income (expense) | ||||
Interest expense on debt | (24,000) | (25,000) | (48,000) | (51,000) |
Margin Account [Member] | ||||
Other income (expense) | ||||
Interest expense on debt | (149,000) | (96,000) | (285,000) | (175,000) |
Advertising [Member] | ||||
Revenue | ||||
Revenues | 2,209,000 | 2,123,000 | 4,325,000 | 4,433,000 |
Subscription and Circulation [Member] | ||||
Revenue | ||||
Revenues | 1,356,000 | 1,424,000 | 2,719,000 | 2,873,000 |
Advertising Service Fees and Other [Member] | ||||
Revenue | ||||
Revenues | 659,000 | 695,000 | 1,261,000 | 1,333,000 |
License and Maintenance [Member] | ||||
Revenue | ||||
Revenues | 3,981,000 | 3,882,000 | 8,331,000 | 7,848,000 |
Consulting Fees [Member] | ||||
Revenue | ||||
Revenues | 212,000 | 1,310,000 | 1,207,000 | 2,158,000 |
Service, Other [Member] | ||||
Revenue | ||||
Revenues | $ 921,000 | $ 845,000 | $ 1,747,000 | $ 1,624,000 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Cash flows from operating activities | ||
Net income | $ 14,507,000 | $ 1,508,000 |
Adjustments to reconcile net income to net cash used in operations | ||
Depreciation and amortization | 2,117,000 | 2,781,000 |
Deferred income taxes | (17,012,000) | (2,115,000) |
Gains on sale of bonds | (3,182,000) | |
Discounts earned on bonds | (1,000) | |
(Increase) decrease in current assets | ||
Accounts receivable, net | 1,119,000 | (578,000) |
Inventories | (6,000) | (9,000) |
Prepaid expenses and other assets | 186,000 | 55,000 |
Income tax receivable | 55,000 | 240,000 |
Increase (decrease) in liabilities | ||
Accounts payable | (151,000) | 514,000 |
Accrued liabilities | (180,000) | (773,000) |
Income taxes | (2,723,000) | |
Net cash used in operating activities | (4,153,000) | (2,100,000) |
Cash flows from investing activities | ||
Sales (purchases) of marketable securities | (8,125,000) | |
Sales (purchases) of marketable securities | (5,013,000) | |
Purchases of property, plant and equipment | (75,000) | (194,000) |
Net cash provided by (used in) investing activities | 8,050,000 | (5,207,000) |
Cash flows from financing activities | ||
Payment of real estate loan principal | (57,000) | (54,000) |
Net cash used in financing activities | (57,000) | (54,000) |
Increase (decrease) in cash and cash equivalents | 3,840,000 | (7,361,000) |
Cash and cash equivalents | ||
Beginning of period | 3,384,000 | 11,411,000 |
End of period | 7,224,000 | 4,050,000 |
Interest paid during period | 329,000 | 220,000 |
Net income taxes paid during period | 6,000 | 16,000 |
Subscription Arrangement [Member] | ||
Increase (decrease) in liabilities | ||
Deferred revenue arrangements | (167,000) | (122,000) |
Deferred Maintenance Agreement [Member] | ||
Increase (decrease) in liabilities | ||
Deferred revenue arrangements | (711,000) | 511,000 |
Deferred Installation Contracts [Member] | ||
Increase (decrease) in liabilities | ||
Deferred revenue arrangements | $ (730,000) | $ (1,388,000) |
Note 1 - The Corporation and Op
Note 1 - The Corporation and Operations | 6 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | Note 1 Daily Journal Corporation (the “Company”) publishes newspapers and websites covering California and Arizona and produces several specialized information services. It also serves as a newspaper representative specializing in public notice advertising. Journal Technologies, Inc. (“Journal Technologies”), a wholly-owned subsidiary, supplies case management software systems and related products to courts, prosecutor and public defender offices, probation departments and other justice agencies, including administrative law organizations, city and county governments and bar associations. These organizations use the Journal Technologies family of products to help manage cases and information electronically, to interface with other critical justice partners and to extend electronic services to the public, including efiling and a website to pay traffic citations online, and bar members. These products are licensed to more than 500 42 Essentially all of the Company’s operations are based in California, Arizona, Colorado and Utah. |
Note 2 - Basis of Presentation
Note 2 - Basis of Presentation | 6 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | Note 2 In the opinion of the Company, the accompanying interim unaudited consolidated financial statements contain all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of its financial position as of March 31, 2018, three six March 31, 2018 2017 six March 31, 2018. six March 31, 2018 not The consolidated financial statements included herein have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not 10 September 30, 2017. Certain reclassifications of previously reported amounts have been made to conform to the current year’s presentation. |
Note 3 - Accounting Standards A
Note 3 - Accounting Standards Adopted in Fiscal 2018 and Recent Accounting Pronouncements | 6 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | Note 3 2018 Accounting Standards Adopted in Fiscal 2018 In November 2015, No. 2015 17, Income Taxes (Topic 740 October 1, 2017 no In May 2014, No. 2014 09, Revenue from Contracts with Customers (ASC Topic 606 ) 606 October 1, 2017 The Company has concluded that the adoption of the ASC Topic 606 2018 no not not 606, no The adoption of ASC 606 no not In mid- February, 220 10, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ( “ AOCI ” ) December 15, 2018, first first January 1, 2018. not $19,960,000 Other Recent Accounting Pronouncements The Company will continue to evaluate the other new accounting pronouncements as detailed in its Annual Report on Form 10 September 30, 2017. |
Note 4 - Revenue Recognition
Note 4 - Revenue Recognition | 6 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Deferred Revenue Disclosure [Text Block] | Note 4 The Company recognizes revenues in accordance with the provisions of ASU No. 2014 09, Revenue from Contracts with Customers (ASC Topic 606 For the Traditional Business, proceeds from the sale of subscriptions for newspapers, court rule books and other publications and other services are recorded as deferred revenue and are included in earned revenue only when the services are provided, generally over the subscription term. Advertising revenues are recognized when advertisements are published and are net of agency commissions. Journal Technologies contracts may one third not third 12 606 Other public service fees are earned and recognized as revenues when the Company processes credit card payments on behalf of the courts via its websites through which the public can efile cases and pay traffic citations and other fees. Since the Company recognizes revenues when it can invoice the customer pursuant to the contract for the value of completed performance, as a practical expedient and because reliable estimates cannot be made, it has elected not not no not |
Note 5 - Basic and Diluted Inco
Note 5 - Basic and Diluted Income Per Share | 6 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 5 The Company does not |
Note 6 - Investments in Marketa
Note 6 - Investments in Marketable Securities | 6 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 6 Investments in marketable securities categorized as “available-for-sale” are stated at fair value. The Company uses quoted prices in active markets for identical assets (consistent with the Level 1 820, Fair Value Measurement March 31, 2018 September 30, 2017, $159,354,000 $165,872,000, $42,369,000 $64,550,000, three one Investments in equity securities and securities with fixed maturity as of March 31, 2018 September 30, 2017 March 31, 2018 September 30, 2017 (Unaudited) Aggregate fair value Amortized/ Adjusted cost basis Pretax unrealized gains Aggregate fair value Amortized/ Adjusted cost basis Pretax unrealized gains Marketable securities Common stocks $ 217,803,000 $ 58,449,000 $ 159,354,000 $ 220,973,000 $ 58,449,000 $ 162,524,000 Bonds --- --- --- 8,292,000 4,944,000 3,348,000 $ 217,803,000 $ 58,449,000 $ 159,354,000 $ 229,265,000 $ 63,393,000 $ 165,872,000 All investments are classified as “Current assets” because they are available for sale at any time. In February 2018, $8,125,000 $3,180,000 $30,000 As of March 31, 2018, not March 31, 2018, |
Note 7 - Intangible Assets
Note 7 - Intangible Assets | 6 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | Note 7 Intangible Assets March 31, 2018 September 30, 2017 Customer Relationships Developed Technology Total Customer Relationships Developed Technology Total Gross intangibles $ 21,950,000 $ 2,525,000 $ 24,475,000 $ 21,950,000 $ 2,525,000 $ 24,475,000 Accumulated amortization (20,812,000 ) (2,415,000 ) (23,227,000 ) (19,174,000 ) (2,243,000 ) (21,417,000 ) $ 1,138,000 $ 110,000 $ 1,248,000 $ 2,776,000 $ 282,000 $ 3,058,000 These intangible assets are being amortized over five 15 $1,810,000 six March 31, 2018, $2,447,000 one two 2013 first 2018. |
Note 8 - Goodwill
Note 8 - Goodwill | 6 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Goodwill Disclosure [Text Block] | Note 8 The Company accounts for goodwill in accordance with Accounting Standards Codification (ASC) 350, Intangibles — Goodwill and Other not 15 may not In addition, ASU 2011 08, Intangible – Goodwill and Others -- Testing Goodwill for Impairment no not second 2017 not no six March 31, 2018 2017. |
Note 9 - Income Taxes
Note 9 - Income Taxes | 6 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 9 The December 2017 35% 21%, January 1, 2018. 24.28% 15, $16 2018 24.28% 2018 21% $20 $20 For the six March 31, 2018, $16,950,000 $2,443,000. 2018 six March 31, 2018. During the prior fiscal year, on pretax loss of $3,042,000 six March 31, 2017, $4,550,000 2017 six March 31, 2017 $2,665,000 2013. 2014 no $743,000. $352,000, The Company’s effective tax rate was 694% 150% six March 31, 2018 2017, The Company files consolidated federal income tax returns in the United States and with various state jurisdictions and is no 2015 2013 |
Note 10 - Debts and Commitments
Note 10 - Debts and Commitments | 6 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Commitments Disclosure [Text Block] | Note 10 During fiscal 2013, $29.5 two 50 March 31, 2018 2%. not In fiscal 2015, 30,700 1998 3.6 $1.24 $2.26 4.66% $17,600 2030. $2.01 March 31, 2018. The Company also owns its facilities in Los Angeles and leases space for its other offices under operating leases which expire at various dates through fiscal 2021. 2014, five October 2019) $25,000 6,200 2017, 9,800 August 2020) The Company is responsible for a portion of maintenance, insurance and property tax expenses relating to the leased properties. Rental expenses were $487,000 six March 31, 2018, $356,000 |
Note 11 - Contingencies
Note 11 - Contingencies | 6 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | Note 11 From time to time, the Company is subject to contingencies, including litigation, arising in the normal course of its business. While it is not not |
Note 12 - Operating Segments
Note 12 - Operating Segments | 6 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | Note 12 The Company’s reportable segments are: (i) the Traditional Business and (ii) Journal Technologies. All inter-segment transactions were eliminated. Summarized financial information regarding the Company’s reportable segments is shown in the following table: Reportable Segments Traditional Business Journal Technologies Corporate income and expenses Total Six months ended March 31, 2018 Revenues Advertising $ 4,325,000 $ --- $ --- $ 4,325,000 Circulation 2,719,000 --- --- 2,719,000 Advertising service fees and other 1,261,000 --- --- 1,261,000 Licensing and maintenance fees --- 8,331,000 --- 8,331,000 Consulting fees --- 1,207,000 --- 1,207,000 Other public service fees --- 1,747,000 --- 1,747,000 Operating expenses 8,507,000 18,901,000 --- 27,408,000 Loss from operations (202,000 ) (7,616,000 ) --- (7,818,000 ) Dividends and interest income --- --- 2,507,000 2,507,000 Gains on sales of bonds and capital asset --- --- 3,182,000 3,182,000 Other income --- --- 19,000 19,000 Interest expenses on note payable collateralized by real estate (48,000 ) --- --- (48,000 ) Interest expenses on margin loans --- --- (285,000 ) (285,000 ) Pretax (loss) income (250,000 ) (7,616,000 ) 5,423,000 (2,443,000 ) Income tax benefit (expense) (785,000 ) (935,000 ) 18,670,000 16,950,000 Net income (loss) (1,035,000 ) (8,551,000 ) 24,093,000 14,507,000 Total assets 22,347,000 26,592,000 217,803,000 266,742,000 Capital expenditures 75,000 --- --- 75,000 Amortization of intangible assets --- 1,810,000 --- 1,810,000 Reportable Segments Traditional Business Journal Technologies Corporate income and expenses Total Six months ended March 31, 2017 Revenues Advertising $ 4,433,000 $ --- $ --- $ 4,433,000 Circulation 2,873,000 --- --- 2,873,000 Advertising service fees and other 1,333,000 --- --- 1,333,000 Licensing and maintenance fees --- 7,848,000 --- 7,848,000 Consulting fees --- 2,158,000 --- 2,158,000 Other public service fees --- 1,624,000 --- 1,624,000 Operating expenses 8,863,000 17,525,000 --- 26,388,000 Loss from operations (224,000 ) (5,895,000 ) --- (6,119,000 ) Dividends and interest income --- --- 2,539,000 2,539,000 Other income 21,000 --- --- 21,000 Interest expenses on note payable collateralized by real estate (51,000 ) --- --- (51,000 ) Interest expenses on margin loans --- --- (175,000 ) (175,000 ) Interest and penalty expense reversal for uncertain and unrecognized tax benefits --- 743,000 --- 743,000 Pretax (loss) income (254,000 ) (5,152,000 ) 2,364,000 (3,042,000 ) Income tax (expense) benefit (75,000 ) 5,120,000 (495,000 ) 4,550,000 Net income (loss) (329,000 ) (32,000 ) 1,869,000 1,508,000 Total assets 15,618,000 35,763,000 203,778,000 255,159,000 Capital expenditures 160,000 34,000 --- 194,000 Amortization of intangible assets --- 2,447,000 --- 2,447,000 Reportable Segments Traditional Business Journal Technologies Corporate income and expenses Total Three months ended March 31, 2018 Revenues Advertising $ 2,209,000 $ --- $ --- $ 2,209,000 Circulation 1,356,000 --- --- 1,356,000 Advertising service fees and other 659,000 --- --- 659,000 Licensing and maintenance fees --- 3,981,000 --- 3,981,000 Consulting fees --- 212,000 --- 212,000 Other public service fees --- 921,000 --- 921,000 Operating expenses 4,193,000 9,518,000 --- 13,711,000 Income (loss) from operations 31,000 (4,404,000 ) --- (4,373,000 ) Dividends and interest income --- --- 1,024,000 1,024,000 Gains on sales of bonds and capital asset --- --- 3,180,000 3,180,000 Other income --- --- 10,000 10,000 Interest expenses on note payable collateralized by real estate (24,000 ) --- --- (24,000 ) Interest expenses on margin loans --- --- (149,000 ) (149,000 ) Pretax (loss) income 7,000 (4,404,000 ) 4,065,000 (332,000 ) Income tax benefit (expense) (105,000 ) 1,250,000 (1,045,000 ) 100,000 Net income (loss) (98,000 ) (3,154,000 ) 3,020,000 (232,000 ) Total assets 22,347,000 26,592,000 217,803,000 266,742,000 Capital expenditures 41,000 --- --- 41,000 Amortization of intangible assets --- 748,000 --- 748,000 Reportable Segments Traditional Business Journal Technologies Corporate income and expenses Total Three months ended March 31, 2017 Revenues Advertising $ 2,123,000 $ --- $ --- $ 2,123,000 Circulation 1,424,000 --- --- 1,424,000 Advertising service fees and other 695,000 --- --- 695,000 Licensing and maintenance fees --- 3,882,000 --- 3,882,000 Consulting fees --- 1,310,000 --- 1,310,000 Other public service fees --- 845,000 --- 845,000 Operating expenses 4,463,000 9,082,000 --- 13,545,000 Loss from operations (221,000 ) (3,045,000 ) --- (3,266,000 ) Dividends and interest income --- --- 1,368,000 1,368,000 Other income 6,000 --- --- 6,000 Interest expenses on note payable collateralized by real estate (25,000 ) --- --- (25,000 ) Interest expenses on margin loans --- --- (96,000 ) (96,000 ) Interest and penalty expense reversal for uncertain and unrecognized tax benefits --- 752,000 --- 752,000 Pretax (loss) income (240,000 ) (2,293,000 ) 1,272,000 (1,261,000 ) Income tax (expense) benefit (75,000 ) 4,345,000 (30,000 ) 4,240,000 Net income (loss) (315,000 ) 2,052,000 1,242,000 2,979,000 Total assets 15,618,000 35,763,000 203,778,000 255,159,000 Capital expenditures --- 7,000 --- 7,000 Amortization of intangible assets --- 1,223,000 --- 1,223,000 During the six March 31, 2018, $8,305,000 $5,586,000 $2,719,000 $11,285,000 $3,353,000 $7,932,000 During the three March 31, 2018, $4,224,000 $2,868,000 $1,356,000 $5,114,000 $1,289,000 $3,825,000 Approximately 55% 58% three six March 31, 2018, 59% 57% 1% The following table sets forth certain deferred obligations from October 1, 2017 March 31, 2018: Beginning Balance Addition Recognized Ending Balance Deferred subscriptions $ 3,284,000 $ 2,552,000 $ (2,719,000 ) $ 3,117,000 Deferred installation contracts 5,072,000 2,623,000 (3,353,000 ) 4,342,000 Deferred maintenance agreements and others 10,201,000 7,221,000 (7,932,000 ) 9,490,000 |
Note 13 - Subsequent Events
Note 13 - Subsequent Events | 6 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | Note 13 The Company has completed an evaluation of all subsequent events through the issuance date of these financial statements and concluded that no |
Note 6 - Investments in Marke19
Note 6 - Investments in Marketable Securities (Tables) | 6 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | March 31, 2018 September 30, 2017 (Unaudited) Aggregate fair value Amortized/ Adjusted cost basis Pretax unrealized gains Aggregate fair value Amortized/ Adjusted cost basis Pretax unrealized gains Marketable securities Common stocks $ 217,803,000 $ 58,449,000 $ 159,354,000 $ 220,973,000 $ 58,449,000 $ 162,524,000 Bonds --- --- --- 8,292,000 4,944,000 3,348,000 $ 217,803,000 $ 58,449,000 $ 159,354,000 $ 229,265,000 $ 63,393,000 $ 165,872,000 |
Note 7 - Intangible Assets (Tab
Note 7 - Intangible Assets (Tables) | 6 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | Intangible Assets March 31, 2018 September 30, 2017 Customer Relationships Developed Technology Total Customer Relationships Developed Technology Total Gross intangibles $ 21,950,000 $ 2,525,000 $ 24,475,000 $ 21,950,000 $ 2,525,000 $ 24,475,000 Accumulated amortization (20,812,000 ) (2,415,000 ) (23,227,000 ) (19,174,000 ) (2,243,000 ) (21,417,000 ) $ 1,138,000 $ 110,000 $ 1,248,000 $ 2,776,000 $ 282,000 $ 3,058,000 |
Note 12 - Operating Segments (T
Note 12 - Operating Segments (Tables) | 6 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Reportable Segments Traditional Business Journal Technologies Corporate income and expenses Total Six months ended March 31, 2018 Revenues Advertising $ 4,325,000 $ --- $ --- $ 4,325,000 Circulation 2,719,000 --- --- 2,719,000 Advertising service fees and other 1,261,000 --- --- 1,261,000 Licensing and maintenance fees --- 8,331,000 --- 8,331,000 Consulting fees --- 1,207,000 --- 1,207,000 Other public service fees --- 1,747,000 --- 1,747,000 Operating expenses 8,507,000 18,901,000 --- 27,408,000 Loss from operations (202,000 ) (7,616,000 ) --- (7,818,000 ) Dividends and interest income --- --- 2,507,000 2,507,000 Gains on sales of bonds and capital asset --- --- 3,182,000 3,182,000 Other income --- --- 19,000 19,000 Interest expenses on note payable collateralized by real estate (48,000 ) --- --- (48,000 ) Interest expenses on margin loans --- --- (285,000 ) (285,000 ) Pretax (loss) income (250,000 ) (7,616,000 ) 5,423,000 (2,443,000 ) Income tax benefit (expense) (785,000 ) (935,000 ) 18,670,000 16,950,000 Net income (loss) (1,035,000 ) (8,551,000 ) 24,093,000 14,507,000 Total assets 22,347,000 26,592,000 217,803,000 266,742,000 Capital expenditures 75,000 --- --- 75,000 Amortization of intangible assets --- 1,810,000 --- 1,810,000 Reportable Segments Traditional Business Journal Technologies Corporate income and expenses Total Six months ended March 31, 2017 Revenues Advertising $ 4,433,000 $ --- $ --- $ 4,433,000 Circulation 2,873,000 --- --- 2,873,000 Advertising service fees and other 1,333,000 --- --- 1,333,000 Licensing and maintenance fees --- 7,848,000 --- 7,848,000 Consulting fees --- 2,158,000 --- 2,158,000 Other public service fees --- 1,624,000 --- 1,624,000 Operating expenses 8,863,000 17,525,000 --- 26,388,000 Loss from operations (224,000 ) (5,895,000 ) --- (6,119,000 ) Dividends and interest income --- --- 2,539,000 2,539,000 Other income 21,000 --- --- 21,000 Interest expenses on note payable collateralized by real estate (51,000 ) --- --- (51,000 ) Interest expenses on margin loans --- --- (175,000 ) (175,000 ) Interest and penalty expense reversal for uncertain and unrecognized tax benefits --- 743,000 --- 743,000 Pretax (loss) income (254,000 ) (5,152,000 ) 2,364,000 (3,042,000 ) Income tax (expense) benefit (75,000 ) 5,120,000 (495,000 ) 4,550,000 Net income (loss) (329,000 ) (32,000 ) 1,869,000 1,508,000 Total assets 15,618,000 35,763,000 203,778,000 255,159,000 Capital expenditures 160,000 34,000 --- 194,000 Amortization of intangible assets --- 2,447,000 --- 2,447,000 Reportable Segments Traditional Business Journal Technologies Corporate income and expenses Total Three months ended March 31, 2018 Revenues Advertising $ 2,209,000 $ --- $ --- $ 2,209,000 Circulation 1,356,000 --- --- 1,356,000 Advertising service fees and other 659,000 --- --- 659,000 Licensing and maintenance fees --- 3,981,000 --- 3,981,000 Consulting fees --- 212,000 --- 212,000 Other public service fees --- 921,000 --- 921,000 Operating expenses 4,193,000 9,518,000 --- 13,711,000 Income (loss) from operations 31,000 (4,404,000 ) --- (4,373,000 ) Dividends and interest income --- --- 1,024,000 1,024,000 Gains on sales of bonds and capital asset --- --- 3,180,000 3,180,000 Other income --- --- 10,000 10,000 Interest expenses on note payable collateralized by real estate (24,000 ) --- --- (24,000 ) Interest expenses on margin loans --- --- (149,000 ) (149,000 ) Pretax (loss) income 7,000 (4,404,000 ) 4,065,000 (332,000 ) Income tax benefit (expense) (105,000 ) 1,250,000 (1,045,000 ) 100,000 Net income (loss) (98,000 ) (3,154,000 ) 3,020,000 (232,000 ) Total assets 22,347,000 26,592,000 217,803,000 266,742,000 Capital expenditures 41,000 --- --- 41,000 Amortization of intangible assets --- 748,000 --- 748,000 Reportable Segments Traditional Business Journal Technologies Corporate income and expenses Total Three months ended March 31, 2017 Revenues Advertising $ 2,123,000 $ --- $ --- $ 2,123,000 Circulation 1,424,000 --- --- 1,424,000 Advertising service fees and other 695,000 --- --- 695,000 Licensing and maintenance fees --- 3,882,000 --- 3,882,000 Consulting fees --- 1,310,000 --- 1,310,000 Other public service fees --- 845,000 --- 845,000 Operating expenses 4,463,000 9,082,000 --- 13,545,000 Loss from operations (221,000 ) (3,045,000 ) --- (3,266,000 ) Dividends and interest income --- --- 1,368,000 1,368,000 Other income 6,000 --- --- 6,000 Interest expenses on note payable collateralized by real estate (25,000 ) --- --- (25,000 ) Interest expenses on margin loans --- --- (96,000 ) (96,000 ) Interest and penalty expense reversal for uncertain and unrecognized tax benefits --- 752,000 --- 752,000 Pretax (loss) income (240,000 ) (2,293,000 ) 1,272,000 (1,261,000 ) Income tax (expense) benefit (75,000 ) 4,345,000 (30,000 ) 4,240,000 Net income (loss) (315,000 ) 2,052,000 1,242,000 2,979,000 Total assets 15,618,000 35,763,000 203,778,000 255,159,000 Capital expenditures --- 7,000 --- 7,000 Amortization of intangible assets --- 1,223,000 --- 1,223,000 |
Deferred Revenue, by Arrangement, Disclosure [Table Text Block] | Beginning Balance Addition Recognized Ending Balance Deferred subscriptions $ 3,284,000 $ 2,552,000 $ (2,719,000 ) $ 3,117,000 Deferred installation contracts 5,072,000 2,623,000 (3,353,000 ) 4,342,000 Deferred maintenance agreements and others 10,201,000 7,221,000 (7,932,000 ) 9,490,000 |
Note 3 - Accounting Standards22
Note 3 - Accounting Standards Adopted in Fiscal 2018 and Recent Accounting Pronouncements (Details Textual) | Mar. 31, 2018USD ($) |
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | $ (19,960,000) |
Note 6 - Investments in Marke23
Note 6 - Investments in Marketable Securities (Details Textual) - USD ($) | 1 Months Ended | ||
Feb. 28, 2018 | Mar. 31, 2018 | Sep. 30, 2017 | |
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax, Total | $ 159,354,000 | $ 165,872,000 | |
Deferred Tax Liabilities, Investments | 42,369,000 | 64,550,000 | |
Bonds [Member] | |||
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax, Total | $ 3,348,000 | ||
Proceeds from Sale of Available-for-sale Securities, Total | $ 8,125,000 | ||
Debt Securities, Available-for-sale, Realized Gain (Loss), Total | 3,180,000 | ||
Reclassification of Tax Effect from AOCI to Retained Earnings | $ 30,000 |
Note 6 - Investments in Marke24
Note 6 - Investments in Marketable Securities - Summary of Investments (Details) - USD ($) | Mar. 31, 2018 | Sep. 30, 2017 |
Aggregate fair value | $ 217,803,000 | $ 229,265,000 |
Amortized/Adjusted cost basis | 58,449,000 | 63,393,000 |
Pretax unrealized gains | 159,354,000 | 165,872,000 |
Common Stock [Member] | ||
Aggregate fair value | 217,803,000 | 220,973,000 |
Amortized/Adjusted cost basis | 58,449,000 | 58,449,000 |
Pretax unrealized gains | 159,354,000 | 162,524,000 |
Bonds [Member] | ||
Aggregate fair value | 8,292,000 | |
Amortized/Adjusted cost basis | 4,944,000 | |
Pretax unrealized gains | $ 3,348,000 |
Note 7 - Intangible Assets (Det
Note 7 - Intangible Assets (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2018 | Mar. 31, 2017 | |
Finite-Lived Intangible Asset, Useful Life | 5 years | |||
Finite Lived Intangible Asset, Useful Life for Tax Purposes | 15 years | |||
Amortization of Intangible Assets, Total | $ 748,000 | $ 1,223,000 | $ 1,810,000 | $ 2,447,000 |
Note 7 - Intangible Assets - Su
Note 7 - Intangible Assets - Summary of Intangible Assets (Details) - USD ($) | Mar. 31, 2018 | Sep. 30, 2017 |
Gross intangibles | $ 24,475,000 | $ 24,475,000 |
Accumulated amortization | (23,227,000) | (21,417,000) |
1,248,000 | 3,058,000 | |
Customer Relationships [Member] | ||
Gross intangibles | 21,950,000 | 21,950,000 |
Accumulated amortization | (20,812,000) | (19,174,000) |
1,138,000 | 2,776,000 | |
Developed Technology Rights [Member] | ||
Gross intangibles | 2,525,000 | 2,525,000 |
Accumulated amortization | (2,415,000) | (2,243,000) |
$ 110,000 | $ 282,000 |
Note 8 - Goodwill (Details Text
Note 8 - Goodwill (Details Textual) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | Sep. 30, 2017 | |
Goodwill, Useful Life for Tax Purposes | 15 years | ||
Goodwill, Impairment Loss | $ 0 | $ 0 | $ 0 |
Note 9 - Income Taxes (Details
Note 9 - Income Taxes (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2018 | Mar. 31, 2017 | Sep. 30, 2018 | Dec. 31, 2017 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 35.00% | ||||
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability | $ (16,000,000) | |||||
Income Tax Expense (Benefit), Continuing Operations, Revaluation Differences in Deferred Taxes | (20,000,000) | |||||
Income Tax Expense (Benefit), Total | $ (100,000) | $ (4,240,000) | (16,950,000) | $ (4,550,000) | ||
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total | $ (2,443,000) | 3,042,000 | ||||
Liability For Uncertain Tax Positions, Reversal | 2,665,000 | 2,665,000 | ||||
Unrecognized Tax Benefits, Accumulated Reduction | $ 743,000 | 743,000 | ||||
Deferred Tax Liability, Reversal | $ 352,000 | |||||
Effective Income Tax Rate Reconciliation, Percent, Total | 694.00% | 150.00% | ||||
Domestic Tax Authority [Member] | Earliest Tax Year [Member] | ||||||
Open Tax Year | 2,015 | |||||
State and Local Jurisdiction [Member] | Earliest Tax Year [Member] | ||||||
Open Tax Year | 2,013 | |||||
Scenario, Forecast [Member] | ||||||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 24.28% |
Note 10 - Debts and Commitmen29
Note 10 - Debts and Commitments (Details Textual) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||
Mar. 31, 2018USD ($) | Mar. 31, 2017USD ($) | Mar. 31, 2018USD ($) | Mar. 31, 2017USD ($) | Sep. 30, 2015USD ($)ft²a | Sep. 30, 2014USD ($)ft² | Sep. 30, 2013USD ($) | Sep. 30, 2017ft² | |
Payments to Acquire Property, Plant, and Equipment, Total | $ 41,000 | $ 7,000 | $ 75,000 | $ 194,000 | ||||
Operating Leases, Rent Expense, Total | $ 487,000 | $ 356,000 | ||||||
San Francisco Office [Member] | ||||||||
Area of Real Estate Property | ft² | 6,200 | |||||||
Lessee, Operating Lease, Renewal Term | 5 years | |||||||
Operating Lease, Monthly Rent | $ 25,000 | |||||||
Englewood, Colorado Office [member] | ||||||||
Area of Real Estate Property | ft² | 9,800 | |||||||
Utah [Member] | Building [Member] | ||||||||
Area of Real Estate Property | ft² | 30,700 | |||||||
Utah [Member] | Land [Member] | ||||||||
Area of Land | a | 3.6 | |||||||
Utah [Member] | Land and Building [Member] | ||||||||
Payments to Acquire Property, Plant, and Equipment, Total | $ 1,240,000 | |||||||
Margin Account [Member] | ||||||||
Proceeds from Issuance of Debt | $ 29,500,000 | |||||||
Margin Account [Member] | Fed Funds Rate [Member] | ||||||||
Debt Instrument, Basis Spread on Variable Rate | 0.50% | |||||||
Debt Instrument, Interest Rate, Effective Percentage | 2.00% | 2.00% | ||||||
Real Estate Bank Loan Secured by Logan Office [Member] | ||||||||
Loans Payable to Bank, Total | $ 2,010,000 | $ 2,010,000 | $ 2,260,000 | |||||
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate | 4.66% | |||||||
Debt Instrument, Periodic Payment, Total | $ 17,600 |
Note 12 - Operating Segments (D
Note 12 - Operating Segments (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2018 | Mar. 31, 2017 | |
Product Concentration Risk [Member] | Sales Revenue, Net [Member] | ||||
Concentration Risk, Percentage | 55.00% | 59.00% | 58.00% | 57.00% |
Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | Non-US [Member] | ||||
Concentration Risk, Percentage | 1.00% | |||
Traditional Business [Member] | ||||
Revenues, Total | $ 4,224,000 | $ 8,305,000 | ||
Revenue Recognized Upon Completion of Services | 2,868,000 | 5,586,000 | ||
Deferred Revenue, Revenue Recognized | 1,356,000 | 2,719,000 | ||
Journal Technologies [Member] | ||||
Revenues, Total | 5,114,000 | 11,285,000 | ||
Revenue Recognized Upon Completion of Services | 1,289,000 | 3,353,000 | ||
Deferred Revenue, Revenue Recognized | $ 3,825,000 | $ 7,932,000 |
Note 12 - Operating Segments -
Note 12 - Operating Segments - Summarized Financial Information for Reportable Segments (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2018 | Mar. 31, 2017 | Sep. 30, 2017 | |
Revenues | $ 9,338,000 | $ 10,279,000 | $ 19,590,000 | $ 20,269,000 | |
Operating expenses | 13,711,000 | 13,545,000 | 27,408,000 | 26,388,000 | |
Income (loss) from operations | (4,373,000) | (3,266,000) | (7,818,000) | (6,119,000) | |
Dividends and interest income | 1,024,000 | 1,368,000 | 2,507,000 | 2,539,000 | |
Gains on sales of bonds and capital asset | 3,180,000 | 3,182,000 | |||
Other income | 10,000 | 6,000 | 19,000 | 21,000 | |
Pretax (loss) income | (332,000) | (1,261,000) | (2,443,000) | (3,042,000) | |
Income tax benefit (expense) | 100,000 | 4,240,000 | 16,950,000 | 4,550,000 | |
Net income | (232,000) | 2,979,000 | 14,507,000 | 1,508,000 | |
Total assets | 266,742,000 | 255,159,000 | 266,742,000 | 255,159,000 | $ 280,708,000 |
Capital expenditures | 41,000 | 7,000 | 75,000 | 194,000 | |
Amortization of intangible assets | 748,000 | 1,223,000 | 1,810,000 | 2,447,000 | |
Loss from operations | (4,373,000) | (3,266,000) | (7,818,000) | (6,119,000) | |
Reversal of accrued interest and penalty expense for uncertain and unrecognized tax benefits | 752,000 | 743,000 | |||
Capital expenditures | 41,000 | 7,000 | 75,000 | 194,000 | |
Gain on sale of bonds | 3,180,000 | 3,182,000 | |||
Real Estate Bank Loan Secured by Logan Office [Member] | |||||
Interest expense on debt | (24,000) | (25,000) | (48,000) | (51,000) | |
Margin Account [Member] | |||||
Interest expense on debt | (149,000) | (96,000) | (285,000) | (175,000) | |
Advertising [Member] | |||||
Revenues | 2,209,000 | 2,123,000 | 4,325,000 | 4,433,000 | |
Subscription and Circulation [Member] | |||||
Revenues | 1,356,000 | 1,424,000 | 2,719,000 | 2,873,000 | |
Advertising Service Fees and Other [Member] | |||||
Revenues | 659,000 | 695,000 | 1,261,000 | 1,333,000 | |
License and Maintenance [Member] | |||||
Revenues | 3,981,000 | 3,882,000 | 8,331,000 | 7,848,000 | |
Consulting Fees [Member] | |||||
Revenues | 212,000 | 1,310,000 | 1,207,000 | 2,158,000 | |
Service, Other [Member] | |||||
Revenues | 921,000 | 845,000 | 1,747,000 | 1,624,000 | |
Operating Segments [Member] | Traditional Business [Member] | |||||
Operating expenses | 4,193,000 | 4,463,000 | 8,507,000 | 8,863,000 | |
Income (loss) from operations | 31,000 | (221,000) | (202,000) | (224,000) | |
Dividends and interest income | |||||
Gains on sales of bonds and capital asset | |||||
Other income | 6,000 | 21,000 | |||
Pretax (loss) income | 7,000 | (240,000) | (250,000) | (254,000) | |
Income tax benefit (expense) | (105,000) | (75,000) | (785,000) | (75,000) | |
Net income | (98,000) | (315,000) | (1,035,000) | (329,000) | |
Total assets | 22,347,000 | 15,618,000 | 22,347,000 | 15,618,000 | |
Capital expenditures | 41,000 | 75,000 | 160,000 | ||
Amortization of intangible assets | |||||
Loss from operations | 31,000 | (221,000) | (202,000) | (224,000) | |
Reversal of accrued interest and penalty expense for uncertain and unrecognized tax benefits | |||||
Capital expenditures | 41,000 | 75,000 | 160,000 | ||
Gain on sale of bonds | |||||
Operating Segments [Member] | Traditional Business [Member] | Real Estate Bank Loan Secured by Logan Office [Member] | |||||
Interest expense on debt | (24,000) | (25,000) | (48,000) | (51,000) | |
Operating Segments [Member] | Traditional Business [Member] | Margin Account [Member] | |||||
Interest expense on debt | |||||
Operating Segments [Member] | Traditional Business [Member] | Advertising [Member] | |||||
Revenues | 2,209,000 | 2,123,000 | 4,325,000 | 4,433,000 | |
Operating Segments [Member] | Traditional Business [Member] | Subscription and Circulation [Member] | |||||
Revenues | 1,356,000 | 1,424,000 | 2,719,000 | 2,873,000 | |
Operating Segments [Member] | Traditional Business [Member] | Advertising Service Fees and Other [Member] | |||||
Revenues | 659,000 | 695,000 | 1,261,000 | 1,333,000 | |
Operating Segments [Member] | Traditional Business [Member] | License and Maintenance [Member] | |||||
Revenues | |||||
Operating Segments [Member] | Traditional Business [Member] | Consulting Fees [Member] | |||||
Revenues | |||||
Operating Segments [Member] | Traditional Business [Member] | Service, Other [Member] | |||||
Revenues | |||||
Operating Segments [Member] | Journal Technologies [Member] | |||||
Operating expenses | 9,518,000 | 9,082,000 | 18,901,000 | 17,525,000 | |
Income (loss) from operations | (4,404,000) | (3,045,000) | (7,616,000) | (5,895,000) | |
Dividends and interest income | |||||
Gains on sales of bonds and capital asset | |||||
Other income | |||||
Pretax (loss) income | (4,404,000) | (2,293,000) | (7,616,000) | (5,152,000) | |
Income tax benefit (expense) | 1,250,000 | 4,345,000 | (935,000) | 5,120,000 | |
Net income | (3,154,000) | 2,052,000 | (8,551,000) | (32,000) | |
Total assets | 26,592,000 | 35,763,000 | 26,592,000 | 35,763,000 | |
Capital expenditures | 7,000 | 34,000 | |||
Amortization of intangible assets | 748,000 | 1,223,000 | 1,810,000 | 2,447,000 | |
Loss from operations | (4,404,000) | (3,045,000) | (7,616,000) | (5,895,000) | |
Reversal of accrued interest and penalty expense for uncertain and unrecognized tax benefits | 752,000 | 743,000 | |||
Capital expenditures | 7,000 | 34,000 | |||
Gain on sale of bonds | |||||
Operating Segments [Member] | Journal Technologies [Member] | Real Estate Bank Loan Secured by Logan Office [Member] | |||||
Interest expense on debt | |||||
Operating Segments [Member] | Journal Technologies [Member] | Margin Account [Member] | |||||
Interest expense on debt | |||||
Operating Segments [Member] | Journal Technologies [Member] | Advertising [Member] | |||||
Revenues | |||||
Operating Segments [Member] | Journal Technologies [Member] | Subscription and Circulation [Member] | |||||
Revenues | |||||
Operating Segments [Member] | Journal Technologies [Member] | Advertising Service Fees and Other [Member] | |||||
Revenues | |||||
Operating Segments [Member] | Journal Technologies [Member] | License and Maintenance [Member] | |||||
Revenues | 3,981,000 | 3,882,000 | 8,331,000 | 7,848,000 | |
Operating Segments [Member] | Journal Technologies [Member] | Consulting Fees [Member] | |||||
Revenues | 212,000 | 1,310,000 | 1,207,000 | 2,158,000 | |
Operating Segments [Member] | Journal Technologies [Member] | Service, Other [Member] | |||||
Revenues | 921,000 | 845,000 | 1,747,000 | 1,624,000 | |
Corporate, Non-Segment [Member] | |||||
Operating expenses | |||||
Income (loss) from operations | |||||
Dividends and interest income | 1,024,000 | 1,368,000 | 2,507,000 | 2,539,000 | |
Gains on sales of bonds and capital asset | 3,180,000 | 3,182,000 | |||
Other income | 10,000 | 19,000 | |||
Pretax (loss) income | 4,065,000 | 1,272,000 | 5,423,000 | 2,364,000 | |
Income tax benefit (expense) | (1,045,000) | (30,000) | 18,670,000 | (495,000) | |
Net income | 3,020,000 | 1,242,000 | 24,093,000 | 1,869,000 | |
Total assets | 217,803,000 | 203,778,000 | 217,803,000 | 203,778,000 | |
Capital expenditures | |||||
Amortization of intangible assets | |||||
Loss from operations | |||||
Reversal of accrued interest and penalty expense for uncertain and unrecognized tax benefits | |||||
Capital expenditures | |||||
Gain on sale of bonds | 3,180,000 | 3,182,000 | |||
Corporate, Non-Segment [Member] | Real Estate Bank Loan Secured by Logan Office [Member] | |||||
Interest expense on debt | |||||
Corporate, Non-Segment [Member] | Margin Account [Member] | |||||
Interest expense on debt | (149,000) | (96,000) | (285,000) | (175,000) | |
Corporate, Non-Segment [Member] | Advertising [Member] | |||||
Revenues | |||||
Corporate, Non-Segment [Member] | Subscription and Circulation [Member] | |||||
Revenues | |||||
Corporate, Non-Segment [Member] | Advertising Service Fees and Other [Member] | |||||
Revenues | |||||
Corporate, Non-Segment [Member] | License and Maintenance [Member] | |||||
Revenues | |||||
Corporate, Non-Segment [Member] | Consulting Fees [Member] | |||||
Revenues | |||||
Corporate, Non-Segment [Member] | Service, Other [Member] | |||||
Revenues |
Note 12 - Operating Segments 32
Note 12 - Operating Segments - Deferred Revenue Obligations (Details) | 6 Months Ended |
Mar. 31, 2018USD ($) | |
Subscription Arrangement [Member] | |
Deferred revenue | $ 3,284,000 |
Deferred Revenue, Additions | 2,552,000 |
Deferred Revenue, Revenue Recognized | (2,719,000) |
Deferred revenue | 3,117,000 |
Deferred Installation Contracts [Member] | |
Deferred revenue | 5,072,000 |
Deferred Revenue, Additions | 2,623,000 |
Deferred Revenue, Revenue Recognized | (3,353,000) |
Deferred revenue | 4,342,000 |
Software Service, Support and Maintenance Arrangement [Member] | |
Deferred revenue | 10,201,000 |
Deferred Revenue, Additions | 7,221,000 |
Deferred Revenue, Revenue Recognized | (7,932,000) |
Deferred revenue | $ 9,490,000 |