10-Q Filing

DAILY JOURNAL CORP CIK: 783412 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001437749-20-002011`
Period End Date	20191231
Filing Date	20200207
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	djco-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 44 Cash Flow Statement 44 Stockholders Equity 11

Balance Sheet 91 line items

Line Item	Tag	Value	Unit	Period
Marketable securities	`MarketableSecuritiesCurrent`	$214.11M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$194.58M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.30M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.69M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.38M	USD	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
Marketable securities	`MarketableSecuritiesCurrent`	$214.11M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$194.58M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $200,000 at December 31, 2019 and September 30, 2019	`AccountsReceivableNetCurrent`	$7.04M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $200,000 at December 31, 2019 and September 30, 2019	`AccountsReceivableNetCurrent`	$7.53M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Inventories	`InventoryNet`	$49.00K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Inventories	`InventoryNet`	$40.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	1.81M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$508.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	1.81M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$758.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$153.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$72.00K	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
Total current assets	`AssetsCurrent`	$212.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$229.90M	USD	Point-in-time
Land, buildings and improvements	`LandBuildingsAndImprovements`	$16.53M	USD	Point-in-time
Land, buildings and improvements	`LandBuildingsAndImprovements`	$16.50M	USD	Point-in-time
Furniture, office equipment and computer software	`FurnitureOfficeEquipmentAndComputerSoftware`	$2.12M	USD	Point-in-time
Furniture, office equipment and computer software	`FurnitureOfficeEquipmentAndComputerSoftware`	$2.18M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.75M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.75M	USD	Point-in-time
PropertyPlantAndEquipmentGross	`PropertyPlantAndEquipmentGross`	$20.46M	USD	Point-in-time
PropertyPlantAndEquipmentGross	`PropertyPlantAndEquipmentGross`	$20.37M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.57M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.70M	USD	Point-in-time
PropertyPlantAndEquipmentNet	`PropertyPlantAndEquipmentNet`	$10.80M	USD	Point-in-time
PropertyPlantAndEquipmentNet	`PropertyPlantAndEquipmentNet`	$10.77M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$390.00K	USD	Point-in-time
Deferred income taxes - Federal	`DeferredTaxAssetsFederalTaxesNetOfValuationAllowanceNoncurrent`	$12.60M	USD	Point-in-time
Deferred income taxes - Federal	`DeferredTaxAssetsFederalTaxesNetOfValuationAllowanceNoncurrent`	$13.04M	USD	Point-in-time
Deferred income taxes - State	`DeferredTaxAssetsStateTaxesNetOfValuationAllowanceNoncurrent`	$1.04M	USD	Point-in-time
Deferred income taxes - State	`DeferredTaxAssetsStateTaxesNetOfValuationAllowanceNoncurrent`	$766.00K	USD	Point-in-time
Total Assets	`Assets`	$235.12M	USD	Point-in-time
Total Assets	`Assets`	$254.86M	USD	Point-in-time
Total Assets	`Assets`	$237.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.86M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$5.01M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$5.17M	USD	Point-in-time
Note payable collateralized by real estate	`LoansPayableToBankCurrent`	$128.00K	USD	Point-in-time
Note payable collateralized by real estate	`LoansPayableToBankCurrent`	$126.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.67M	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`	$1.71M	USD	Point-in-time
Note payable collateralized by real estate	`LongTermLoansFromBank`	$1.68M	USD	Point-in-time
Deferred maintenance agreements	`ContractWithCustomerLiabilityNoncurrent`	$335.00K	USD	Point-in-time
Deferred maintenance agreements	`ContractWithCustomerLiabilityNoncurrent`	$211.00K	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$230.00K	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$290.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$42.61M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$37.24M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$74.28M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$69.01M	USD	Point-in-time
Commitments and contingencies (Notes 8 and 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 8 and 9)	`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, 2019 and September 30, 2019	`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, 2019 and September 30, 2019	`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`	$150.14M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$135.93M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$137.70M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$151.91M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$141.38M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$162.92M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$254.86M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$237.38M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$11.68M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$10.43M	USD	1 Quarter
Salaries and employee benefits	`LaborAndRelatedExpense`	$8.65M	USD	1 Quarter
Salaries and employee benefits	`LaborAndRelatedExpense`	$8.89M	USD	1 Quarter
Outside services	`OtherOutsideServices`	$860.00K	USD	1 Quarter
Outside services	`OtherOutsideServices`	$945.00K	USD	1 Quarter
Postage and delivery expenses	`PostageAndHandDelivery`	$204.00K	USD	1 Quarter
Postage and delivery expenses	`PostageAndHandDelivery`	$210.00K	USD	1 Quarter
Newsprint and printing expenses	`NewsprintAndContractPrintings`	$176.00K	USD	1 Quarter
Newsprint and printing expenses	`NewsprintAndContractPrintings`	$178.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$153.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$128.00K	USD	1 Quarter
Equipment maintenance and software	`EquipmentMaintenanceAndSoftware`	$322.00K	USD	1 Quarter
Equipment maintenance and software	`EquipmentMaintenanceAndSoftware`	$343.00K	USD	1 Quarter
Credit card merchant discount fees	`CreditCardMerchantDiscountFees`	$382.00K	USD	1 Quarter
Credit card merchant discount fees	`CreditCardMerchantDiscountFees`	$270.00K	USD	1 Quarter
Rent expenses	`OperatingLeaseExpense`	$172.00K	USD	1 Quarter
Rent expenses	`OperatingLeaseExpense`	$258.00K	USD	1 Quarter
Accounting and legal fees	`ProfessionalFees`	$403.00K	USD	1 Quarter
Accounting and legal fees	`ProfessionalFees`	$256.00K	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$1.80M	USD	1 Quarter
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$1.54M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$13.20M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$12.95M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.52M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.52M	USD	1 Quarter
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$1.53M	USD	1 Quarter
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$1.68M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$10.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$3.00K	USD	1 Quarter
Net unrealized gains on investments	`UnrealizedGainLossOnInvestments`	$-28.64M	USD	1 Quarter
Net unrealized gains on investments	`UnrealizedGainLossOnInvestments`	$19.53M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$19.49M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-29.85M	USD	1 Quarter
(Provision for) benefit from income taxes	`IncomeTaxExpenseBenefit`	$-8.32M	USD	1 Quarter
(Provision for) benefit from income taxes	`IncomeTaxExpenseBenefit`	$5.28M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$14.21M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-21.53M	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 (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-15.60	USD	1 Quarter
Basic and diluted net income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$10.29	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$14.21M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-21.53M	USD	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$14.21M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-21.53M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$128.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$153.00K	USD	1 Quarter
Net unrealized (gains) losses on investments	`UnrealizedGainLossOnInvestments`	$-28.64M	USD	1 Quarter
Net unrealized (gains) losses on investments	`UnrealizedGainLossOnInvestments`	$19.53M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$5.20M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-8.41M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$496.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.23M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$9.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$9.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-21.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$250.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-212.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-81.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-663.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.22M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-588.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-495.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.13M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.50M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$97.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$84.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-84.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-97.00K	USD	1 Quarter
Payment of real estate loan principal	`RepaymentsOfSecuredDebt`	$29.00K	USD	1 Quarter
Payment of real estate loan principal	`RepaymentsOfSecuredDebt`	$31.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-31.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-29.00K	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.25M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.61M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.30M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.69M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.63M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.38M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$9.30M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$6.69M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$10.63M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$7.38M	USD	Point-in-time
Interest paid during period	`InterestPaidNet`	$152.00K	USD	1 Quarter
Interest paid during period	`InterestPaidNet`	$220.00K	USD	1 Quarter
Net income taxes paid (refunded)	`IncomeTaxesPaidNet`	$-121.00K	USD	1 Quarter
Net income taxes paid (refunded)	`IncomeTaxesPaidNet`	$1.00K	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$137.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$151.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$141.38M	USD	Point-in-time
Balance	`StockholdersEquity`	$162.92M	USD	Point-in-time
Adoption of new accounting pronouncement	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	-	USD	Point-in-time
Net loss	`NetIncomeLoss`	$14.21M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.53M	USD	1 Quarter
Balance	`StockholdersEquity`	$137.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$151.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$141.38M	USD	Point-in-time
Balance	`StockholdersEquity`	$162.92M	USD	Point-in-time

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