10-Q Filing

DAILY JOURNAL CORP CIK: 783412 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001437749-17-002002`
Period End Date	20161231
Filing Date	20170209
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	djco-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 97 Income Statement 52 Cash Flow Statement 49

Balance Sheet 97 line items

Line Item	Tag	Value	Unit	Period
Market securities, common stock	`TradingSecurities`	$158.46M	USD	Point-in-time
Market securities, common stock	`TradingSecurities`	$188.73M	USD	Point-in-time
Market securities, bonds	`TradingSecuritiesDebt`	$7.76M	USD	Point-in-time
Market securities, bonds	`TradingSecuritiesDebt`	$8.17M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$200.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$200.00K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.62M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.41M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Marketable securities at fair value, including common stocks of $188,729,000 and bonds of $7,757,000 at December 31, 2016 and common stocks of $158,462,000 and bonds of $8,172,000 at September 30, 2016	`MarketableSecurities`	$196.49M	USD	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 $188,729,000 and bonds of $7,757,000 at December 31, 2016 and common stocks of $158,462,000 and bonds of $8,172,000 at September 30, 2016	`MarketableSecurities`	$166.63M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $200,000 at December 31, 2016 and September 30, 2016	`AccountsReceivableNetCurrent`	$5.60M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	1.81M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	1.81M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $200,000 at December 31, 2016 and September 30, 2016	`AccountsReceivableNetCurrent`	$4.71M	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
Inventories	`InventoryNet`	$41.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$795.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$800.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$890.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$245.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$208.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$184.48M	USD	Point-in-time
Land, buildings and improvements	`LandBuildingsAndImprovements`	$16.31M	USD	Point-in-time
Land, buildings and improvements	`LandBuildingsAndImprovements`	$16.40M	USD	Point-in-time
Furniture, office equipment and computer software	`FurnitureOfficeEquipmentAndComputerSoftware`	$2.74M	USD	Point-in-time
Furniture, office equipment and computer software	`FurnitureOfficeEquipmentAndComputerSoftware`	$2.77M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.80M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.86M	USD	Point-in-time
PropertyPlantAndEquipmentGross	`PropertyPlantAndEquipmentGross`	$20.97M	USD	Point-in-time
PropertyPlantAndEquipmentGross	`PropertyPlantAndEquipmentGross`	$20.91M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$8.85M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$8.89M	USD	Point-in-time
PropertyPlantAndEquipmentNet	`PropertyPlantAndEquipmentNet`	$12.08M	USD	Point-in-time
PropertyPlantAndEquipmentNet	`PropertyPlantAndEquipmentNet`	$12.06M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$7.95M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$6.73M	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`	$7.55M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNet`	$8.50M	USD	Point-in-time
Assets	`Assets`	$248.76M	USD	Point-in-time
Assets	`Assets`	$225.45M	USD	Point-in-time
Assets	`Assets`	$238.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.64M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.19M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.58M	USD	Point-in-time
Note payable collateralized by real estate	`LoansPayableToBankCurrent`	$111.00K	USD	Point-in-time
Note payable collateralized by real estate	`LoansPayableToBankCurrent`	$110.00K	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesCurrent`	$41.50M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesCurrent`	$51.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$64.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$74.69M	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 collateralized by real estate	`LongTermLoansFromBank`	$2.07M	USD	Point-in-time
Note payable collateralized by real estate	`LongTermLoansFromBank`	$2.04M	USD	Point-in-time
Deferred maintenance agreements	`DeferredRevenueNoncurrent`	$161.00K	USD	Point-in-time
Deferred maintenance agreements	`DeferredRevenueNoncurrent`	$149.00K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesNoncurrent`	$2.65M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesNoncurrent`	$2.72M	USD	Point-in-time
Accrued interest and penalty for uncertain and unrecognized tax benefits	`IncomeTaxExaminationPenaltiesAndInterestAccrued`	$754.00K	USD	Point-in-time
Accrued interest and penalty for uncertain and unrecognized tax benefits	`IncomeTaxExaminationPenaltiesAndInterestAccrued`	$745.00K	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$62.00K	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$72.00K	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$35.24M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$35.18M	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, 2016 and September 30, 2016	`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, 2016 and September 30, 2016	`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`	$56.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$58.07M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$65.51M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$80.53M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$125.34M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$138.89M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$225.45M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$248.76M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Advertising	`AdvertisingRevenue`	$2.31M	USD	1 Quarter
Advertising	`AdvertisingRevenue`	$2.32M	USD	1 Quarter
Circulation	`SubscriptionRevenue`	$1.45M	USD	1 Quarter
Circulation	`SubscriptionRevenue`	$1.51M	USD	1 Quarter
Advertising service fees and other	`OtherSalesRevenueNet`	$638.00K	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`	$3.97M	USD	1 Quarter
Consulting fees	`ConsultingRevenue`	$1.38M	USD	1 Quarter
Consulting fees	`ConsultingRevenue`	$848.00K	USD	1 Quarter
Other public service fees	`OtherPublicServiceRevenue`	$1.31M	USD	1 Quarter
Other public service fees	`OtherPublicServiceRevenue`	$779.00K	USD	1 Quarter
Revenues	`Revenues`	$10.81M	USD	1 Quarter
Revenues	`Revenues`	$9.99M	USD	1 Quarter
Salaries and employee benefits	`LaborAndRelatedExpense`	$7.64M	USD	1 Quarter
Salaries and employee benefits	`LaborAndRelatedExpense`	$6.65M	USD	1 Quarter
Outside services	`OtherOutsideServices`	$980.00K	USD	1 Quarter
Outside services	`OtherOutsideServices`	$864.00K	USD	1 Quarter
Postage and delivery expenses	`PostageAndHandDelivery`	$286.00K	USD	1 Quarter
Postage and delivery expenses	`PostageAndHandDelivery`	$278.00K	USD	1 Quarter
Newsprint and printing expenses	`NewsprintAndContractPrintings`	$217.00K	USD	1 Quarter
Newsprint and printing expenses	`NewsprintAndContractPrintings`	$209.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.39M	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$2.35M	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$2.34M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$11.78M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$12.84M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.85M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-962.00K	USD	1 Quarter
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$1.17M	USD	1 Quarter
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$903.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$16.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$15.00K	USD	1 Quarter
Interest expense accrued for uncertain and unrecognized tax benefits	`UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense`	$9.00K	USD	1 Quarter
Interest expense accrued for uncertain and unrecognized tax benefits	`UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense`	$24.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-135.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.78M	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-185.00K	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-310.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-1.47M	USD	1 Quarter
Net (loss) 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 (loss) income per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.04	USD	1 Quarter
Basic and diluted net (loss) income per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.07	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-1.47M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$50.00K	USD	1 Quarter
Net increase in unrealized appreciation of marketable securities (net of taxes)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$15.02M	USD	1 Quarter
Net increase in unrealized appreciation of marketable securities (net of taxes)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$5.93M	USD	1 Quarter
ComprehensiveIncomeNetOfTax	`ComprehensiveIncomeNetOfTax`	$5.98M	USD	1 Quarter
ComprehensiveIncomeNetOfTax	`ComprehensiveIncomeNetOfTax`	$13.55M	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-1.47M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$50.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.39M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-165.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-917.00K	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`	$891.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-445.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$9.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$49.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-645.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-75.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$18.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.64M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-373.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-229.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-66.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-68.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.61M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.31M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$3.84M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$5.01M	USD	1 Quarter
Purchases of property, plant and equipment, including the Logan, Utah office building in fiscal 2016	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.54M	USD	1 Quarter
Purchases of property, plant and equipment, including the Logan, Utah office building in fiscal 2016	`PaymentsToAcquirePropertyPlantAndEquipment`	$187.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.38M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.20M	USD	1 Quarter
Note payable collateralized by real estate	`ProceedsFromIssuanceOfSecuredDebt`	$2.26M	USD	1 Quarter
Note payable collateralized by real estate	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	1 Quarter
Payment of real estate loan principal	`RepaymentsOfSecuredDebt`	$27.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-27.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.26M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.73M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.54M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.62M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.87M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.88M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.41M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$15.62M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$4.87M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$8.88M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$11.41M	USD	Point-in-time
Interest paid during period	`InterestPaid`	$111.00K	USD	1 Quarter
Interest paid during period	`InterestPaid`	$65.00K	USD	1 Quarter
Net income taxes paid (refunded) during period	`IncomeTaxesPaidNet`	$3.00K	USD	1 Quarter
Net income taxes paid (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.