10-K Filing

DAILY JOURNAL CORP CIK: 783412 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001437749-20-025531`
Period End Date	20200930
Filing Date	20201217
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	djco20200930_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 46 Cash Flow Statement 52 Stockholders Equity 8

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Marketable securities	`MarketableSecuritiesCurrent`	$194.58M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$179.37M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$200.00K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.92M	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
Restricted cash	`RestrictedCashCurrent`	$2.04M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$2.02M	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$194.58M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$179.37M	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 $250,000 at September 30, 2020 and $200,000 at September 30, 2019	`AccountsReceivableNetCurrent`	$7.04M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $250,000 at September 30, 2020 and $200,000 at September 30, 2019	`AccountsReceivableNetCurrent`	$6.73M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	1.81M	shares	Point-in-time
Inventories	`InventoryNet`	$40.00K	USD	Point-in-time
Inventories	`InventoryNet`	$36.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	1.81M	shares	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$508.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$613.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$153.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$601.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$212.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$216.31M	USD	Point-in-time
Land, buildings and improvements	`LandBuildingsAndImprovements`	$16.50M	USD	Point-in-time
Land, buildings and improvements	`LandBuildingsAndImprovements`	$16.57M	USD	Point-in-time
Furniture, office equipment and computer software	`FurnitureOfficeEquipmentAndComputerSoftware`	$2.12M	USD	Point-in-time
Furniture, office equipment and computer software	`FurnitureOfficeEquipmentAndComputerSoftware`	$1.78M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.52M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.75M	USD	Point-in-time
Property, Plant and Equipment, Gross, Ending Balance	`PropertyPlantAndEquipmentGross`	$20.37M	USD	Point-in-time
Property, Plant and Equipment, Gross, Ending Balance	`PropertyPlantAndEquipmentGross`	$19.88M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.57M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$9.42M	USD	Point-in-time
Property, Plant and Equipment, Net, Ending Balance	`PropertyPlantAndEquipmentNet`	$10.80M	USD	Point-in-time
Property, Plant and Equipment, Net, Ending Balance	`PropertyPlantAndEquipmentNet`	$10.46M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$140.00K	USD	Point-in-time
Deferred income taxes - Federal	`DeferredTaxAssetsFederalTaxesNetOfValuationAllowanceNoncurrent`	$12.60M	USD	Point-in-time
Deferred income taxes - Federal	`DeferredTaxAssetsFederalTaxesNetOfValuationAllowanceNoncurrent`	$11.14M	USD	Point-in-time
Deferred income taxes - State	`DeferredTaxAssetsStateTaxesNetOfValuationAllowanceNoncurrent`	$1.04M	USD	Point-in-time
Deferred income taxes - State	`DeferredTaxAssetsStateTaxesNetOfValuationAllowanceNoncurrent`	$534.00K	USD	Point-in-time
Assets, Total	`Assets`	$238.57M	USD	Point-in-time
Assets, Total	`Assets`	$237.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.52M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$5.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$5.17M	USD	Point-in-time
Note payable collateralized by real estate	`LoansPayableToBankCurrent`	$133.00K	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`	$27.99M	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`	$1.58M	USD	Point-in-time
Note payable collateralized by real estate	`LongTermLoansFromBank`	$1.71M	USD	Point-in-time
Deferred maintenance agreements	`ContractWithCustomerLiabilityNoncurrent`	$450.00K	USD	Point-in-time
Deferred maintenance agreements	`ContractWithCustomerLiabilityNoncurrent`	$335.00K	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$230.00K	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$1.46M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilities`	$35.87M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilities`	$37.24M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$68.84M	USD	Point-in-time
Total long term liabilities	`LiabilitiesNoncurrent`	$69.01M	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 September 30, 2020 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 September 30, 2020 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`	$135.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$139.97M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$141.74M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$162.92M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$137.70M	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$237.38M	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$238.57M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$48.66M	USD	Annual
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$49.94M	USD	Annual
Salaries and employee benefits	`LaborAndRelatedExpense`	$37.80M	USD	Annual
Salaries and employee benefits	`LaborAndRelatedExpense`	$35.01M	USD	Annual
Outside services	`OtherOutsideServices`	$3.87M	USD	Annual
Outside services	`OtherOutsideServices`	$3.43M	USD	Annual
Postage and delivery expenses	`PostageAndHandDelivery`	$838.00K	USD	Annual
Postage and delivery expenses	`PostageAndHandDelivery`	$712.00K	USD	Annual
Newsprint and printing expenses	`NewsprintAndContractPrintings`	$699.00K	USD	Annual
Newsprint and printing expenses	`NewsprintAndContractPrintings`	$727.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$524.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$589.00K	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	$13.40M	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	Annual
Equipment maintenance and software	`EquipmentMaintenanceAndSoftware`	$1.52M	USD	Annual
Equipment maintenance and software	`EquipmentMaintenanceAndSoftware`	$1.27M	USD	Annual
Credit card merchant discount fees	`CreditCardMerchantDiscountFees`	$1.39M	USD	Annual
Credit card merchant discount fees	`CreditCardMerchantDiscountFees`	$1.41M	USD	Annual
Rent expenses	`OperatingLeaseExpense`	$1.02M	USD	Annual
Rent expenses	`OperatingLeaseExpense`	$612.00K	USD	Annual
Accounting and legal fees	`ProfessionalFees`	$939.00K	USD	Annual
Accounting and legal fees	`ProfessionalFees`	$1.60M	USD	Annual
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$6.89M	USD	Annual
Other general and administrative expenses	`OtherGeneralAndAdministrativeExpense`	$3.85M	USD	Annual
Total operating expenses	`OperatingExpenses`	$66.88M	USD	Annual
Total operating expenses	`OperatingExpenses`	$51.23M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.28M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-18.22M	USD	Annual
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$5.38M	USD	Annual
Dividends and interest income	`InvestmentIncomeInterestAndDividend`	$4.96M	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$3.00K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$38.00K	USD	Annual
Net unrealized losses on investments	`UnrealizedGainLossOnInvestments`	$-17.71M	USD	Annual
Net unrealized losses on investments	`UnrealizedGainLossOnInvestments`	$-3.10M	USD	Annual
Gains on sales of marketable securities, net	`MarketableSecuritiesRealizedGainLoss`	-	USD	Annual
Gains on sales of marketable securities, net	`MarketableSecuritiesRealizedGainLoss`	$4.19M	USD	Annual
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.23M	USD	Annual
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-31.48M	USD	Annual
(Provision for) benefit from income taxes	`IncomeTaxExpenseBenefit`	$185.00K	USD	Annual
(Provision for) benefit from income taxes	`IncomeTaxExpenseBenefit`	$-6.26M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$4.04M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-25.22M	USD	Annual
Weighted average number of common shares outstanding basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.38M	shares	Annual
Weighted average number of common shares outstanding basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.38M	shares	Annual
Basic and diluted net income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$2.93	USD	Annual
Basic and diluted net income (loss) per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-18.26	USD	Annual

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$4.04M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-25.22M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$524.00K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$589.00K	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	$13.40M	USD	Annual
Goodwill impairment	`GoodwillImpairmentLoss`	-	USD	Annual
Gains on sales of marketable securities, net	`GainOnSaleOfInvestments`	-	USD	Annual
Gains on sales of marketable securities, net	`GainOnSaleOfInvestments`	$4.19M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$590.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-6.39M	USD	Annual
Unrealized losses on investments	`UnrealizedGainLossOnInvestments`	$-17.71M	USD	Annual
Unrealized losses on investments	`UnrealizedGainLossOnInvestments`	$-3.10M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.23M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-309.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-6.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-4.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$105.00K	USD	Annual
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-117.00K	USD	Annual
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$448.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-594.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.70M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$917.00K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$831.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.34M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.61M	USD	Annual
Sales of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$16.31M	USD	Annual
Sales of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	-	USD	Annual
Purchases of property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$184.00K	USD	Annual
Purchases of property, plant and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$165.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-165.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$16.12M	USD	Annual
Proceeds from margin loan borrowing	`ProceedsFromIssuanceOfDebt`	$1.00M	USD	Annual
Proceeds from margin loan borrowing	`ProceedsFromIssuanceOfDebt`	-	USD	Annual
Payment to margin loan borrowing	`RepaymentsOfOtherLongTermDebt`	-	USD	Annual
Payment to margin loan borrowing	`RepaymentsOfOtherLongTermDebt`	$1.00M	USD	Annual
Payment of loan principal	`RepaymentsOfSecuredDebt`	$121.00K	USD	Annual
Payment of loan principal	`RepaymentsOfSecuredDebt`	$126.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-121.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-126.00K	USD	Annual
Increase in cash and restricted cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.33M	USD	Annual
Increase in cash and restricted cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$18.33M	USD	Annual
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.63M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$9.30M	USD	Point-in-time
Beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$28.96M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.63M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$9.30M	USD	Point-in-time
End of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$28.96M	USD	Point-in-time
Interest paid during year	`InterestPaidNet`	$529.00K	USD	Annual
Interest paid during year	`InterestPaidNet`	$963.00K	USD	Annual
Income taxes refunded during year	`IncomeTaxesPaidNet`	$-47.00K	USD	Annual
Income taxes refunded during year	`IncomeTaxesPaidNet`	$-121.00K	USD	Annual

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$141.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$162.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$137.70M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$4.04M	USD	Annual
Net loss	`NetIncomeLoss`	$-25.22M	USD	Annual
Balance	`StockholdersEquity`	$141.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$162.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$137.70M	USD	Point-in-time

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