10-Q Filing

DAILY JOURNAL CORP CIK: 783412 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001437749-13-001542`
Period End Date	20121231
Filing Date	20130214
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	djco-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 45 Cash Flow Statement 41

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Marketable securities, common stock (in Dollars)	`TradingSecurities`	$105.89M	USD	Point-in-time
Marketable securities, common stock (in Dollars)	`TradingSecurities`	$94.06M	USD	Point-in-time
Marketable securities, bonds (in Dollars)	`TradingSecuritiesDebt`	$8.23M	USD	Point-in-time
Marketable securities, bonds (in Dollars)	`TradingSecuritiesDebt`	$8.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$985.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$250.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.60M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$200.00K	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
U.S. Treasury Bills	`FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue`	$800.00K	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 $105,888,000 and bonds of $8,232,000 at December 31, 2012 and common stocks of $94,061,000 and bonds of $8,095,000 at September 30, 2012	`MarketableSecurities`	$114.12M	USD	Point-in-time
Marketable securities, including common stocks of $105,888,000 and bonds of $8,232,000 at December 31, 2012 and common stocks of $94,061,000 and bonds of $8,095,000 at September 30, 2012	`MarketableSecurities`	$102.16M	USD	Point-in-time
Preferred stock, shares authorized (in Shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized (in Shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued (in Shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $250,000 and $200,000 at December 31, 2012 and September 30, 2012, respectively	`AccountsReceivableNetCurrent`	$5.71M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $250,000 and $200,000 at December 31, 2012 and September 30, 2012, respectively	`AccountsReceivableNetCurrent`	$5.06M	USD	Point-in-time
Preferred stock, shares issued (in Shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$43.00K	USD	Point-in-time
Inventories	`InventoryNet`	$47.00K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$373.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$241.00K	USD	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Common stock, shares authorized (in Shares)	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$196.00K	USD	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	1.38M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$239.00K	USD	Point-in-time
Common stock, shares outstanding (in Shares)	`CommonStockSharesOutstanding`	1.38M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$124.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$110.13M	USD	Point-in-time
Land, buildings and improvements	`LandBuildingsAndImprovements`	$12.85M	USD	Point-in-time
Land, buildings and improvements	`LandBuildingsAndImprovements`	$12.82M	USD	Point-in-time
Furniture, office equipment and computer software	`FurnitureOfficeEquipmentAndComputerSoftware`	$2.26M	USD	Point-in-time
Furniture, office equipment and computer software	`FurnitureOfficeEquipmentAndComputerSoftware`	$2.56M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.07M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$2.08M	USD	Point-in-time
PropertyPlantAndEquipmentGross	`PropertyPlantAndEquipmentGross`	$17.49M	USD	Point-in-time
PropertyPlantAndEquipmentGross	`PropertyPlantAndEquipmentGross`	$17.15M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$8.17M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.91M	USD	Point-in-time
PropertyPlantAndEquipmentNet	`PropertyPlantAndEquipmentNet`	$9.32M	USD	Point-in-time
PropertyPlantAndEquipmentNet	`PropertyPlantAndEquipmentNet`	$9.24M	USD	Point-in-time
Intangibles (net)	`IntangibleAssetsNetExcludingGoodwill`	$9.36M	USD	Point-in-time
Goodwill	`Goodwill`	$14.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNet`	$1.54M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNet`	$1.59M	USD	Point-in-time
OtherAssets	`OtherAssets`	$24.91M	USD	Point-in-time
OtherAssets	`OtherAssets`	$1.59M	USD	Point-in-time
Assets	`Assets`	$120.96M	USD	Point-in-time
Assets	`Assets`	$158.46M	USD	Point-in-time
Assets	`Assets`	$97.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$4.03M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.74M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$19.15M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$24.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$29.54M	USD	Point-in-time
Investment margin account borrowing	`InvestmentMarginAccount`	$14.00M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$4.03M	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$4.20M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$4.20M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$18.03M	USD	Point-in-time
Preferred stock, $.01 par value, 5,000,000 shares authorized and no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value, 5,000,000 shares authorized and no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value, 5,000,000 shares authorized; 1,380,746 at December 31, 2012 and September 30, 2012, outstanding	`CommonStockValue`	$14.00K	USD	Point-in-time
Common stock, $.01 par value, 5,000,000 shares authorized; 1,380,746 at December 31, 2012 and September 30, 2012, 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`	$54.73M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$53.89M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$38.76M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$31.57M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$95.26M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$87.22M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$120.96M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$158.46M	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Advertising	`AdvertisingRevenue`	$4.25M	USD	1 Quarter
Advertising	`AdvertisingRevenue`	$4.83M	USD	1 Quarter
Circulation	`SubscriptionRevenue`	$1.63M	USD	1 Quarter
Circulation	`SubscriptionRevenue`	$1.67M	USD	1 Quarter
Advertising service fees and other	`OtherSalesRevenueNet`	$816.00K	USD	1 Quarter
Advertising service fees and other	`OtherSalesRevenueNet`	$709.00K	USD	1 Quarter
Information systems and services	`TechnologyServicesRevenue`	$708.00K	USD	1 Quarter
Information systems and services	`TechnologyServicesRevenue`	$998.00K	USD	1 Quarter
Revenues	`Revenues`	$7.69M	USD	1 Quarter
Revenues	`Revenues`	$7.92M	USD	1 Quarter
Salaries and employee benefits	`LaborAndRelatedExpense`	$3.32M	USD	1 Quarter
Salaries and employee benefits	`LaborAndRelatedExpense`	$4.20M	USD	1 Quarter
Other outside services	`OtherOutsideServices`	$704.00K	USD	1 Quarter
Other outside services	`OtherOutsideServices`	$735.00K	USD	1 Quarter
Postage and delivery expenses	`PostageAndHandDelivery`	$342.00K	USD	1 Quarter
Postage and delivery expenses	`PostageAndHandDelivery`	$345.00K	USD	1 Quarter
Newsprint and printing expenses	`NewsprintAndContractPrintings`	$345.00K	USD	1 Quarter
Newsprint and printing expenses	`NewsprintAndContractPrintings`	$357.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$289.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$119.00K	USD	1 Quarter
Other general and administrative expenses	`OperatingExpenses`	$1.07M	USD	1 Quarter
Other general and administrative expenses	`OperatingExpenses`	$816.00K	USD	1 Quarter
SellingGeneralAndAdministrativeExpense	`SellingGeneralAndAdministrativeExpense`	$6.99M	USD	1 Quarter
SellingGeneralAndAdministrativeExpense	`SellingGeneralAndAdministrativeExpense`	$5.66M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$705.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.26M	USD	1 Quarter
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$326.00K	USD	1 Quarter
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$567.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$8.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.59M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.26M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$880.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$430.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$834.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.71M	USD	1 Quarter
Weighted average number of common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.38M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.38M	shares	1 Quarter
Basic and diluted net income per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.60	USD	1 Quarter
Basic and diluted net income per share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$1.24	USD	1 Quarter
Net income	`NetIncomeLoss`	$834.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.71M	USD	1 Quarter
Net change in unrealized appreciation of investments (net of taxes)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$7.20M	USD	1 Quarter
Net change in unrealized appreciation of investments (net of taxes)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$3.92M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.03M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.62M	USD	1 Quarter

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$834.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$289.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$119.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$213.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$99.00K	USD	1 Quarter
Net premium amortized and discount earned on bonds and U.S. Treasury Bills	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.31M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-85.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-5.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$12.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$96.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$220.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-184.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.62M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.57M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$701.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-43.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$548.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$640.00K	USD	1 Quarter
Maturities and sales of U.S. Treasury Bills	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$800.00K	USD	1 Quarter
Maturities and sales of U.S. Treasury Bills	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$12.60M	USD	1 Quarter
Acquisition of New Dawn Technologies, Inc. (net of cash acquired)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$11.88M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$13.58M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$67.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$114.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.09M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.14M	USD	1 Quarter
Investment margin account borrowing	`ProceedsFromInvestmentMarginAccountBorrowing`	$-14.00M	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.00M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-455.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.40M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.06M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.39M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$985.00K	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.60M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$3.06M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$4.39M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$985.00K	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$2.60M	USD	Point-in-time

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