v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents and restricted cash $ 5,188 [1] $ 5,587
Accounts receivable (less allowance for doubtful accounts of $169 and $22 at June 30, 2026 and December 31, 2025, respectively) 27,431 27,841
Unbilled accounts receivable 7,971 7,049
Prepaid expenses 1,537 2,363
Prepaid income taxes and income tax receivable 1,431 1,431
Other current assets 1,798 2,046
Total current assets 45,356 46,317
Property, plant and equipment, net 6,866 8,386
Operating and Financing lease right-of-use assets 18,597 19,854
Other assets    
Intangible assets, net 273 370
Goodwill 295 295
Deferred tax assets, net 15,982 16,040
Other long-term assets 690 564
Total other assets 17,240 17,269
Total assets 88,059 91,826
Current liabilities    
Accounts payable 13,238 13,096
Accrued expenses 6,561 5,915
Accrued payroll and related expenses 3,165 2,749
Short-term debt 3,000 0
Deferred revenue and customer advances 2,552 813
Customer postage and program deposits 693 868
Other current liabilities 1,659 3,180
Current portion of lease liabilities 4,003 3,543
Total current liabilities 34,871 30,164
Long-term lease liabilities, net of current portion 17,035 18,861
Other long-term liabilities 888 1,174
Total liabilities 72,709 71,300
Stockholders’ equity    
Common stock, $1 par value, 25,000,000 shares authorized; 12,221,484 shares issued, 7,454,240 and 7,414,794 shares outstanding at June 30, 2026 and December 31, 2025, respectively 12,221 12,221
Additional paid-in capital 99,393 109,558
Retained earnings 808,181 813,812
Less treasury stock, 4,767,244 shares at cost at June 30, 2026 and 4,806,690 shares at cost at December 31, 2025 (889,526) (900,085)
Accumulated other comprehensive loss (14,919) (14,980)
Total stockholders’ equity 15,350 20,526
Total liabilities and stockholders’ equity 88,059 91,826
Qualified Plan    
Current liabilities    
Pension liabilities 3,390 4,106
Nonqualified Plan    
Current liabilities    
Pension liabilities $ 16,525 $ 16,995
[1]
(1) This amount is comprised of the below balances:
Cash and cash equivalents$5,185 4,680 
Restricted cash3 $77 
0$5,188 $4,757