10-Q Filing

DAILY JOURNAL CORP CIK: 783412 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001437749-11-005884`
Period End Date	20110630
Filing Date	20110812
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	djco-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 81 Cash Flow Statement 47

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Marketable securities, common stock (in Dollars)	`TradingSecurities`	$58.92M	USD	Point-in-time
Marketable securities, common stock (in Dollars)	`TradingSecurities`	$43.01M	USD	Point-in-time
Marketable securities, bonds (in Dollars)	`TradingSecuritiesDebt`	$7.08M	USD	Point-in-time
Marketable securities, bonds (in Dollars)	`TradingSecuritiesDebt`	$7.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.47M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$300.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$300.00K	USD	Point-in-time
U.S. Treasury Bills	`FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue`	$13.50M	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
U.S. Treasury Bills	`FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue`	$9.10M	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Marketable securities, including common stocks of $58,922,000 and bonds of $7,416,000 at June 30, 2011 and common stocks of $43,005,000 and bonds of $7,077,000 at September 30, 2010	`MarketableSecurities`	$66.34M	USD	Point-in-time
Marketable securities, including common stocks of $58,922,000 and bonds of $7,416,000 at June 30, 2011 and common stocks of $43,005,000 and bonds of $7,077,000 at September 30, 2010	`MarketableSecurities`	$50.08M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $300,000 at June 30, 2011 and September 30, 2010	`AccountsReceivableNetCurrent`	$9.21M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $300,000 at June 30, 2011 and September 30, 2010	`AccountsReceivableNetCurrent`	$7.87M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$29.00K	USD	Point-in-time
Inventories	`InventoryNet`	$40.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$230.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$229.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$76.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$87.67M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.38M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.38M	shares	Point-in-time
Land, buildings and improvements	`LandBuildingsAndImprovements`	$12.84M	USD	Point-in-time
Land, buildings and improvements	`LandBuildingsAndImprovements`	$12.84M	USD	Point-in-time
Furniture, office equipment and computer software	`FurnitureOfficeEquipmentAndComputerSoftware`	$2.86M	USD	Point-in-time
Furniture, office equipment and computer software	`FurnitureOfficeEquipmentAndComputerSoftware`	$2.90M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.12M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.12M	USD	Point-in-time
PropertyPlantAndEquipmentGross	`PropertyPlantAndEquipmentGross`	$17.82M	USD	Point-in-time
PropertyPlantAndEquipmentGross	`PropertyPlantAndEquipmentGross`	$17.86M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$8.08M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$8.37M	USD	Point-in-time
PropertyPlantAndEquipmentNet	`PropertyPlantAndEquipmentNet`	$9.45M	USD	Point-in-time
PropertyPlantAndEquipmentNet	`PropertyPlantAndEquipmentNet`	$9.78M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNet`	$2.48M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNet`	$3.24M	USD	Point-in-time
Assets	`Assets`	$88.92M	USD	Point-in-time
Assets	`Assets`	$100.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.96M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.88M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$3.11M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$3.38M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$975.00K	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$852.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$10.47M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$13.85M	USD	Point-in-time
Deferred subscription and other revenues	`DeferredRevenueCurrent`	$4.99M	USD	Point-in-time
Deferred subscription and other revenues	`DeferredRevenueCurrent`	$5.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$22.59M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$5.67M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$5.38M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$5.38M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$5.67M	USD	Point-in-time
Common stock, $.01 par value, 5,000,000 shares authorized; 1,380,746 at June 30, 2011 and September 30, 2010, outstanding	`CommonStockValue`	$14.00K	USD	Point-in-time
Common stock, $.01 par value, 5,000,000 shares authorized; 1,380,746 at June 30, 2011 and September 30, 2010, outstanding	`CommonStockValue`	$14.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.75M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$46.43M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$40.51M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$18.39M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$20.91M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$60.67M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$69.11M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$88.92M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$100.36M	USD	Point-in-time

Income Statement 81 line items

Line Item	Tag	Value	Unit	Period
Advertising	`AdvertisingRevenue`	$6.02M	USD	1 Quarter
Advertising	`AdvertisingRevenue`	$16.36M	USD	3 Qtrs
Advertising	`AdvertisingRevenue`	$5.27M	USD	1 Quarter
Advertising	`AdvertisingRevenue`	$17.54M	USD	3 Qtrs
Circulation	`SubscriptionRevenue`	$5.34M	USD	3 Qtrs
Circulation	`SubscriptionRevenue`	$1.72M	USD	1 Quarter
Circulation	`SubscriptionRevenue`	$5.08M	USD	3 Qtrs
Circulation	`SubscriptionRevenue`	$1.70M	USD	1 Quarter
Advertising service fees and other	`OtherSalesRevenueNet`	$1.01M	USD	1 Quarter
Advertising service fees and other	`OtherSalesRevenueNet`	$2.61M	USD	3 Qtrs
Advertising service fees and other	`OtherSalesRevenueNet`	$3.06M	USD	3 Qtrs
Advertising service fees and other	`OtherSalesRevenueNet`	$827.00K	USD	1 Quarter
Information systems and services	`TechnologyServicesRevenue`	$2.50M	USD	3 Qtrs
Information systems and services	`TechnologyServicesRevenue`	$2.32M	USD	3 Qtrs
Information systems and services	`TechnologyServicesRevenue`	$719.00K	USD	1 Quarter
Information systems and services	`TechnologyServicesRevenue`	$706.00K	USD	1 Quarter
Revenues	`Revenues`	$26.37M	USD	3 Qtrs
Revenues	`Revenues`	$28.44M	USD	3 Qtrs
Revenues	`Revenues`	$8.50M	USD	1 Quarter
Revenues	`Revenues`	$9.47M	USD	1 Quarter
Salaries and employee benefits	`LaborAndRelatedExpense`	$3.41M	USD	1 Quarter
Salaries and employee benefits	`LaborAndRelatedExpense`	$12.23M	USD	3 Qtrs
Salaries and employee benefits	`LaborAndRelatedExpense`	$10.42M	USD	3 Qtrs
Salaries and employee benefits	`LaborAndRelatedExpense`	$4.05M	USD	1 Quarter
Other outside services	`OtherOutsideServices`	$2.28M	USD	3 Qtrs
Other outside services	`OtherOutsideServices`	$774.00K	USD	1 Quarter
Other outside services	`OtherOutsideServices`	$2.28M	USD	3 Qtrs
Other outside services	`OtherOutsideServices`	$752.00K	USD	1 Quarter
Postage and delivery expenses	`PostageAndHandDelivery`	$370.00K	USD	1 Quarter
Postage and delivery expenses	`PostageAndHandDelivery`	$1.08M	USD	3 Qtrs
Postage and delivery expenses	`PostageAndHandDelivery`	$375.00K	USD	1 Quarter
Postage and delivery expenses	`PostageAndHandDelivery`	$1.10M	USD	3 Qtrs
Newsprint and printing expenses	`NewsprintAndContractPrintings`	$372.00K	USD	1 Quarter
Newsprint and printing expenses	`NewsprintAndContractPrintings`	$1.05M	USD	3 Qtrs
Newsprint and printing expenses	`NewsprintAndContractPrintings`	$354.00K	USD	1 Quarter
Newsprint and printing expenses	`NewsprintAndContractPrintings`	$1.13M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$458.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$408.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$143.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$124.00K	USD	1 Quarter
Other general and administrative expenses	`OperatingExpenses`	$2.74M	USD	3 Qtrs
Other general and administrative expenses	`OperatingExpenses`	$859.00K	USD	1 Quarter
Other general and administrative expenses	`OperatingExpenses`	$1.01M	USD	1 Quarter
Other general and administrative expenses	`OperatingExpenses`	$2.75M	USD	3 Qtrs
SellingGeneralAndAdministrativeExpense	`SellingGeneralAndAdministrativeExpense`	$5.89M	USD	1 Quarter
SellingGeneralAndAdministrativeExpense	`SellingGeneralAndAdministrativeExpense`	$19.93M	USD	3 Qtrs
SellingGeneralAndAdministrativeExpense	`SellingGeneralAndAdministrativeExpense`	$6.71M	USD	1 Quarter
SellingGeneralAndAdministrativeExpense	`SellingGeneralAndAdministrativeExpense`	$18.00M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$2.60M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$8.37M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$8.50M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$2.76M	USD	1 Quarter
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$655.00K	USD	3 Qtrs
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$870.00K	USD	3 Qtrs
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$210.00K	USD	1 Quarter
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$326.00K	USD	1 Quarter
Gain on sales of investments	`GainLossOnInvestments`	$1.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$27.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$9.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$9.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$27.00K	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.92M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.13M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.96M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.22M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.03M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.47M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.12M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.30M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.66M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.92M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.89M	USD	1 Quarter
Weighted average number of common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	1.38M	shares	Point-in-time
Weighted average number of common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	1.38M	shares	Point-in-time
Weighted average number of common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	1.38M	shares	Point-in-time
Weighted average number of common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	1.38M	shares	Point-in-time
Basic and diluted net income per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$1.34	USD	1 Quarter
Basic and diluted net income per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$4.10	USD	3 Qtrs
Basic and diluted net income per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$1.37	USD	1 Quarter
Basic and diluted net income per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$4.29	USD	3 Qtrs

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.66M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.92M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.89M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$458.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$408.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$143.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$124.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$29.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-264.00K	USD	3 Qtrs
Net premium amortized and discount earned on U.S. Treasury Notes and Bills and bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-6.00K	USD	3 Qtrs
Net premium amortized and discount earned on U.S. Treasury Notes and Bills and bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-12.00K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.34M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$891.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-19.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-11.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.00K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$16.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$80.00K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$646.00K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-560.00K	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$123.00K	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-72.00K	USD	3 Qtrs
Deferred subscription and other revenues	`IncreaseDecreaseInDeferredRevenue`	$-12.00K	USD	3 Qtrs
Deferred subscription and other revenues	`IncreaseDecreaseInDeferredRevenue`	$-148.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.30M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.17M	USD	3 Qtrs
Maturities and sales of U.S. Treasury Bills	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$42.10M	USD	3 Qtrs
Maturities and sales of U.S. Treasury Bills	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$27.74M	USD	3 Qtrs
Purchases of U.S. Treasury Bills	`PaymentsToAcquireAvailableForSaleSecurities`	$31.77M	USD	3 Qtrs
Purchases of U.S. Treasury Bills	`PaymentsToAcquireAvailableForSaleSecurities`	$37.69M	USD	3 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$11.15M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$74.00K	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$87.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.82M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.12M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.05M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$481.00K	USD	3 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.43M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.10M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.62M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.47M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$1.43M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$4.10M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.62M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$4.47M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.