10-Q Filing

DAILY JOURNAL CORP CIK: 783412 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-024906`
Period End Date	20151231
Filing Date	20160208
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	djco-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 95 Income Statement 54 Cash Flow Statement 52

Balance Sheet 95 line items

Line Item	Tag	Value	Unit	Period
Market securities, common stock	`TradingSecurities`	$171.80M	USD	Point-in-time
Market securities, common stock	`TradingSecurities`	$158.71M	USD	Point-in-time
Market securities, bonds	`TradingSecuritiesDebt`	$7.19M	USD	Point-in-time
Market securities, bonds	`TradingSecuritiesDebt`	$7.34M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$250.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$250.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	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
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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.41M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.88M	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
Marketable securities at fair value, including common stocks of $171,798,000 and bonds of $7,186,000 at December 31, 2015 and common stocks of $158,705,000 and bonds of $7,336,000 at September 30, 2015	`MarketableSecurities`	$178.98M	USD	Point-in-time
Marketable securities at fair value, including common stocks of $171,798,000 and bonds of $7,186,000 at December 31, 2015 and common stocks of $158,705,000 and bonds of $7,336,000 at September 30, 2015	`MarketableSecurities`	$166.04M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	1.81M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $250,000 at December 31, 2015 and September 30, 2015	`AccountsReceivableNetCurrent`	$5.67M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $250,000 at December 31, 2015 and September 30, 2015	`AccountsReceivableNetCurrent`	$5.23M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	1.81M	shares	Point-in-time
Inventories	`InventoryNet`	$48.00K	USD	Point-in-time
Common stock, treasury shares (in shares)	`TreasuryStockShares`	424,307.00	shares	Point-in-time
Common stock, treasury shares (in shares)	`TreasuryStockShares`	424,307.00	shares	Point-in-time
Inventories	`InventoryNet`	$50.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$733.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$684.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$765.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$690.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$188.83M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$194.57M	USD	Point-in-time
Land, buildings and improvements	`LandbuildingsAndImprovements`	$16.27M	USD	Point-in-time
Land, buildings and improvements	`LandbuildingsAndImprovements`	$12.77M	USD	Point-in-time
Furniture, office equipment and computer software	`FurnitureOfficeEquipmentAndComputerSoftware`	$2.68M	USD	Point-in-time
Furniture, office equipment and computer software	`FurnitureOfficeEquipmentAndComputerSoftware`	$2.65M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.86M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.86M	USD	Point-in-time
PropertyPlantAndEquipmentGross	`PropertyPlantAndEquipmentGross`	$20.82M	USD	Point-in-time
PropertyPlantAndEquipmentGross	`PropertyPlantAndEquipmentGross`	$17.29M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$8.34M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$8.47M	USD	Point-in-time
PropertyPlantAndEquipmentNet	`PropertyPlantAndEquipmentNet`	$8.96M	USD	Point-in-time
PropertyPlantAndEquipmentNet	`PropertyPlantAndEquipmentNet`	$12.34M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$11.73M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$12.99M	USD	Point-in-time
Goodwill	`Goodwill`	$13.40M	USD	Point-in-time
Goodwill	`Goodwill`	$13.40M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNet`	$6.46M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNet`	$4.02M	USD	Point-in-time
Assets	`Assets`	$234.83M	USD	Point-in-time
Assets	`Assets`	$238.50M	USD	Point-in-time
Assets	`Assets`	$228.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.21M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.66M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.92M	USD	Point-in-time
Note payable collaterized by real estate	`LoansPayableToBankCurrent`	$106.00K	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesCurrent`	$40.64M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesCurrent`	$46.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$65.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$68.26M	USD	Point-in-time
Investment margin account borrowings	`InvestmentMarginAccount`	$29.49M	USD	Point-in-time
Investment margin account borrowings	`InvestmentMarginAccount`	$29.49M	USD	Point-in-time
Note payable collaterized by real estate	`LongTermLoansFromBank`	$2.15M	USD	Point-in-time
Deferred maintenance agreements	`DeferredRevenueNoncurrent`	$380.00K	USD	Point-in-time
Deferred maintenance agreements	`DeferredRevenueNoncurrent`	$551.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesNoncurrent`	$2.99M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesNoncurrent`	$2.92M	USD	Point-in-time
Accrued interest and penalty for uncertain and unrecognized tax benefits	`IncomeTaxExaminationPenaltiesAndInterestAccrued`	$657.00K	USD	Point-in-time
Accrued interest and penalty for uncertain and unrecognized tax benefits	`IncomeTaxExaminationPenaltiesAndInterestAccrued`	$633.00K	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$52.00K	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$47.00K	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$33.72M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$35.66M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	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; 1,805,053 shares issued, including 424,307 treasury shares, at December 31, 2015 and September 30, 2015	`CommonStockValue`	$14.00K	USD	Point-in-time
Common stock, $.01 par value, 5,000,000 shares authorized; 1,805,053 shares issued, including 424,307 treasury shares, at December 31, 2015 and September 30, 2015	`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`	$59.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$59.11M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$73.65M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$67.72M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$134.58M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$128.60M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$238.50M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$228.20M	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Advertising	`AdvertisingRevenue`	$2.32M	USD	1 Quarter
Advertising	`AdvertisingRevenue`	$2.70M	USD	1 Quarter
Circulation	`SubscriptionRevenue`	$1.51M	USD	1 Quarter
Circulation	`SubscriptionRevenue`	$1.52M	USD	1 Quarter
Advertising service fees and other	`OtherSalesRevenueNet`	$685.00K	USD	1 Quarter
Advertising service fees and other	`OtherSalesRevenueNet`	$650.00K	USD	1 Quarter
Licensing and maintenance fees	`LicenseAndMaintenanceRevenue`	$3.65M	USD	1 Quarter
Licensing and maintenance fees	`LicenseAndMaintenanceRevenue`	$3.76M	USD	1 Quarter
Consulting fees	`ConsultingRevenue`	$1.19M	USD	1 Quarter
Consulting fees	`ConsultingRevenue`	$1.38M	USD	1 Quarter
Other public service fees	`OtherPublicServiceRevenue`	$1.31M	USD	1 Quarter
Other public service fees	`OtherPublicServiceRevenue`	$1.46M	USD	1 Quarter
Revenues	`Revenues`	$10.81M	USD	1 Quarter
Revenues	`Revenues`	$11.32M	USD	1 Quarter
Salaries and employee benefits	`LaborAndRelatedExpense`	$6.65M	USD	1 Quarter
Salaries and employee benefits	`LaborAndRelatedExpense`	$6.61M	USD	1 Quarter
Other outside services	`OtherOutsideServices`	$847.00K	USD	1 Quarter
Other outside services	`OtherOutsideServices`	$864.00K	USD	1 Quarter
Postage and delivery expenses	`PostageAndHandDelivery`	$332.00K	USD	1 Quarter
Postage and delivery expenses	`PostageAndHandDelivery`	$286.00K	USD	1 Quarter
Newsprint and printing expenses	`NewsprintAndContractPrintings`	$342.00K	USD	1 Quarter
Newsprint and printing expenses	`NewsprintAndContractPrintings`	$217.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.36M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.42M	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$2.35M	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$2.19M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$11.68M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$11.78M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-361.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-962.00K	USD	1 Quarter
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$903.00K	USD	1 Quarter
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$828.00K	USD	1 Quarter
Other income and capital gains	`OtherNonoperatingIncomeExpense`	$16.00K	USD	1 Quarter
Other income and capital gains	`OtherNonoperatingIncomeExpense`	$18.00K	USD	1 Quarter
Interest expenses	`InterestExpense`	$68.00K	USD	1 Quarter
Interest expenses	`InterestExpense`	$57.00K	USD	1 Quarter
Interest expense accrued for uncertain and unrecognized tax benefits	`UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense`	$20.00K	USD	1 Quarter
Interest expense accrued for uncertain and unrecognized tax benefits	`UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense`	$24.00K	USD	1 Quarter
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$408.00K	USD	1 Quarter
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-135.00K	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-185.00K	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-25.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$433.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$50.00K	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`	$0.31	USD	1 Quarter
Basic and diluted net income per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.04	USD	1 Quarter
Net income	`NetIncomeLoss`	$433.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$50.00K	USD	1 Quarter
Net change in unrealized appreciation of investments (net of taxes)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.64M	USD	1 Quarter
Net change in unrealized appreciation of investments (net of taxes)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$5.93M	USD	1 Quarter
(Loss) income before income taxes	`ComprehensiveIncomeNetOfTax`	$5.98M	USD	1 Quarter
(Loss) income before income taxes	`ComprehensiveIncomeNetOfTax`	$-3.21M	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$433.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$50.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.36M	USD	1 Quarter
Gains on sales of marketable securities	`GainLossOnInvestments`	-	USD	1 Quarter
Gains on sales of marketable securities	`GainLossOnInvestments`	$4.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-165.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-351.00K	USD	1 Quarter
Discounts earned on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.00K	USD	1 Quarter
Discounts earned on bonds	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$1.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-445.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-734.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-65.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$49.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-75.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-1.36M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.02M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.64M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-229.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-326.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-62.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-66.00K	USD	1 Quarter
Net cash (used for) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.61M	USD	1 Quarter
Net cash (used for) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$252.00K	USD	1 Quarter
Sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Sales of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$4.04M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$3.84M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$10.98M	USD	1 Quarter
Purchases of property, plant and equipment, including the Logan Utah office building	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.54M	USD	1 Quarter
Purchases of property, plant and equipment, including the Logan Utah office building	`PaymentsToAcquirePropertyPlantAndEquipment`	$69.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.38M	USD	1 Quarter
Note payable collaterized by real estate	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	1 Quarter
Note payable collaterized by real estate	`ProceedsFromIssuanceOfSecuredDebt`	$2.26M	USD	1 Quarter
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.26M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.75M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.73M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.66M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.41M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.62M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.88M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$8.66M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$15.41M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$15.62M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$8.88M	USD	Point-in-time
Interest paid during period	`InterestPaid`	$61.00K	USD	1 Quarter
Interest paid during period	`InterestPaid`	$65.00K	USD	1 Quarter
Net income taxes refunded during period	`IncomeTaxesPaidNet`	$-969.00K	USD	1 Quarter
Net income taxes refunded during period	`IncomeTaxesPaidNet`	$-29.00K	USD	1 Quarter

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