Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2019 | Aug. 13, 2019 | |
Document Information [Line Items] | ||
Entity Registrant Name | Wilhelmina International, Inc. | |
Entity Central Index Key | 0001013706 | |
Trading Symbol | whlm | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 5,175,573 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Title of 12(b) Security | Common Stock |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Current assets: | ||
Cash and cash equivalents | $ 6,003 | $ 6,748 |
Accounts receivable, net of allowance for doubtful accounts of $1,768 and $1,791, respectively | 12,838 | 11,901 |
Prepaid expenses and other current assets | 306 | 197 |
Total current assets | 19,147 | 18,846 |
Property and equipment, net of accumulated depreciation of $3,772 and $3,264, respectively | 2,266 | 2,567 |
Right of use assets-operating | 1,867 | |
Right of use assets-finance | 156 | |
Trademarks and trade names with indefinite lives | 8,467 | 8,467 |
Other intangibles with finite lives, net of accumulated amortization of $8,708 and $8,684, respectively | 29 | 53 |
Goodwill | 13,192 | 13,192 |
Other assets | 114 | 114 |
TOTAL ASSETS | 45,238 | 43,239 |
Current liabilities: | ||
Accounts payable and accrued liabilities | 4,417 | 5,071 |
Due to models | 9,213 | 8,809 |
Lease liabilities – operating, current | 1,143 | |
Lease liabilities – finance, current | 114 | |
Term loan – current | 726 | 623 |
Total current liabilities | 15,613 | 14,503 |
Long term liabilities: | ||
Net deferred income tax liability | 709 | 631 |
Lease liabilities – operating, non-current | 880 | |
Lease liabilities – finance, non-current | 52 | |
Term loan – non-current | 1,625 | 2,000 |
Total long term liabilities | 3,266 | 2,631 |
Total liabilities | 18,879 | 17,134 |
Shareholders’ equity: | ||
Common stock, $0.01 par value, 9,000,000 shares authorized; 6,472,038 shares issued at June 30, 2019 and December 31, 2018 | 65 | 65 |
Treasury stock, 1,292,620 and 1,264,154 shares at June 30, 2019 and December 31, 2018, at cost | (6,266) | (6,093) |
Additional paid-in capital | 88,371 | 88,255 |
Accumulated deficit | (55,687) | (56,029) |
Accumulated other comprehensive loss | (124) | (93) |
Total shareholders’ equity | 26,359 | 26,105 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ 45,238 | $ 43,239 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Accounts receivable, allowance for doubtful accounts | $ 1,768 | $ 1,791 |
Property and equipment, accumulated depreciation | 3,772 | 3,264 |
Other intangibles, accumulated amortization | $ 8,708 | $ 8,684 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 9,000,000 | 9,000,000 |
Common stock, shares issued (in shares) | 6,472,038 | 6,472,038 |
Treasury stock, shares (in shares) | 1,292,620 | 1,264,154 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Revenues: | ||||
Revenues | $ 19,945 | $ 20,596 | $ 40,004 | $ 40,312 |
Model costs | 14,156 | 14,905 | 28,632 | 28,747 |
Revenues, net of model costs | 5,789 | 5,691 | 11,372 | 11,565 |
Operating expenses: | ||||
Salaries and service costs | 3,589 | 3,472 | 7,305 | 7,031 |
Office and general expenses | 1,031 | 1,198 | 2,259 | 2,576 |
Amortization and depreciation | 298 | 239 | 588 | 475 |
Corporate overhead | 251 | 260 | 583 | 597 |
Total operating expenses | 5,169 | 5,169 | 10,735 | 10,679 |
Operating income | 620 | 522 | 637 | 886 |
Other expense: | ||||
Foreign exchange gain (loss) | 12 | (27) | (3) | (47) |
Interest expense | (30) | (22) | (62) | (47) |
Total other expense | (18) | (49) | (65) | (94) |
Income before provision for income taxes | 602 | 473 | 572 | 792 |
Provision for income taxes expense: | ||||
Current | (89) | (56) | (152) | (140) |
Deferred | (62) | (53) | (78) | (63) |
Income tax expense | (151) | (109) | (230) | (203) |
Net income | 451 | 364 | 342 | 589 |
Other comprehensive expense: | ||||
Foreign currency translation expense | (59) | (75) | (31) | (32) |
Total comprehensive income | $ 392 | $ 289 | $ 311 | $ 557 |
Basic net income per common share (in dollars per share) | $ 0.09 | $ 0.07 | $ 0.07 | $ 0.11 |
Diluted net income per common share (in dollars per share) | $ 0.09 | $ 0.07 | $ 0.07 | $ 0.11 |
Weighted average common shares outstanding-basic (in shares) | 5,187 | 5,375 | 5,196 | 5,378 |
Weighted average common shares outstanding-diluted (in shares) | 5,187 | 5,375 | 5,196 | 5,378 |
Service [Member] | ||||
Revenues: | ||||
Revenues | $ 19,940 | $ 20,580 | $ 39,975 | $ 40,282 |
License Fees and Other [Member] | ||||
Revenues: | ||||
Revenues | $ 5 | $ 16 | $ 29 | $ 30 |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Treasury Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balances (in shares) at Dec. 31, 2017 | 6,472,000 | (1,090,000) | ||||
Balances at Dec. 31, 2017 | $ 65 | $ (4,893) | $ 87,892 | $ (56,885) | $ 4 | $ 26,183 |
Share based payment expense | 109 | 109 | ||||
Net income to common shareholders | 225 | 225 | ||||
Purchases of treasury stock (in shares) | (6,000) | |||||
Purchases of treasury stock | $ (36) | (36) | ||||
Foreign currency translation | 43 | 43 | ||||
Balances (in shares) at Mar. 31, 2018 | 6,472,000 | (1,096,000) | ||||
Balances at Mar. 31, 2018 | $ 65 | $ (4,929) | 88,001 | (56,660) | 47 | 26,524 |
Balances (in shares) at Dec. 31, 2017 | 6,472,000 | (1,090,000) | ||||
Balances at Dec. 31, 2017 | $ 65 | $ (4,893) | 87,892 | (56,885) | 4 | 26,183 |
Net income to common shareholders | 589 | |||||
Foreign currency translation | (32) | |||||
Balances (in shares) at Jun. 30, 2018 | 6,472,000 | (1,103,000) | ||||
Balances at Jun. 30, 2018 | $ 65 | $ (4,975) | 88,088 | (56,296) | (28) | 26,854 |
Balances (in shares) at Mar. 31, 2018 | 6,472,000 | (1,096,000) | ||||
Balances at Mar. 31, 2018 | $ 65 | $ (4,929) | 88,001 | (56,660) | 47 | 26,524 |
Share based payment expense | 87 | 87 | ||||
Net income to common shareholders | 364 | 364 | ||||
Purchases of treasury stock (in shares) | (7,000) | |||||
Purchases of treasury stock | $ (46) | (46) | ||||
Foreign currency translation | (75) | (75) | ||||
Balances (in shares) at Jun. 30, 2018 | 6,472,000 | (1,103,000) | ||||
Balances at Jun. 30, 2018 | $ 65 | $ (4,975) | 88,088 | (56,296) | (28) | 26,854 |
Balances (in shares) at Dec. 31, 2018 | 6,472,000 | (1,264,000) | ||||
Balances at Dec. 31, 2018 | $ 65 | $ (6,093) | 88,255 | (56,029) | (93) | 26,105 |
Share based payment expense | 64 | 64 | ||||
Net income to common shareholders | (109) | (109) | ||||
Purchases of treasury stock (in shares) | (4,000) | |||||
Purchases of treasury stock | $ (24) | (24) | ||||
Foreign currency translation | 28 | 28 | ||||
Balances (in shares) at Mar. 31, 2019 | 6,472,000 | (1,268,000) | ||||
Balances at Mar. 31, 2019 | $ 65 | $ (6,117) | 88,319 | (56,138) | (65) | 26,064 |
Balances (in shares) at Dec. 31, 2018 | 6,472,000 | (1,264,000) | ||||
Balances at Dec. 31, 2018 | $ 65 | $ (6,093) | 88,255 | (56,029) | (93) | 26,105 |
Net income to common shareholders | $ 342 | |||||
Purchases of treasury stock (in shares) | (28,466) | |||||
Purchases of treasury stock | $ (173) | |||||
Foreign currency translation | (31) | |||||
Balances (in shares) at Jun. 30, 2019 | 6,472,000 | (1,293,000) | ||||
Balances at Jun. 30, 2019 | $ 65 | $ (6,266) | 88,371 | (55,687) | (124) | 26,359 |
Balances (in shares) at Mar. 31, 2019 | 6,472,000 | (1,268,000) | ||||
Balances at Mar. 31, 2019 | $ 65 | $ (6,117) | 88,319 | (56,138) | (65) | 26,064 |
Share based payment expense | 52 | 52 | ||||
Net income to common shareholders | 451 | 451 | ||||
Purchases of treasury stock (in shares) | (25,000) | |||||
Purchases of treasury stock | $ (149) | (149) | ||||
Foreign currency translation | (59) | (59) | ||||
Balances (in shares) at Jun. 30, 2019 | 6,472,000 | (1,293,000) | ||||
Balances at Jun. 30, 2019 | $ 65 | $ (6,266) | $ 88,371 | $ (55,687) | $ (124) | $ 26,359 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flow (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Cash flows from operating activities: | ||
Net (loss) income: | $ 342 | $ 589 |
Adjustments to reconcile net income to net cash used in operating activities: | ||
Amortization and depreciation | 588 | 475 |
Share based payment expense | 116 | 196 |
Deferred income taxes | 78 | 63 |
Bad debt expense | 24 | 75 |
Changes in operating assets and liabilities: | ||
Accounts receivable | (961) | (1,543) |
Prepaid expenses and other current assets | (109) | (139) |
Right of use assets-operating | 537 | |
Right of use assets-finance | 54 | |
Other assets | 10 | |
Due to models | 404 | 400 |
Lease liabilities-operating | (579) | |
Lease liabilities-finance | (47) | |
Accounts payable and accrued liabilities | (445) | 812 |
Net cash used in operating activities | 2 | 938 |
Cash flows used in investing activities: | ||
Purchases of property and equipment | (207) | (204) |
Net cash used in investing activities | (207) | (204) |
Cash flows used in financing activities: | ||
Purchases of treasury stock | (173) | (82) |
Payments on finance leases | (64) | |
Repayment of term loan | (272) | (259) |
Net cash used in financing activities | (509) | (341) |
Foreign currency effect on cash flows: | (31) | (32) |
Net change in cash and cash equivalents: | (745) | 361 |
Cash and cash equivalents, beginning of period | 6,748 | 4,256 |
Cash and cash equivalents, end of period | 6,003 | 4,617 |
Supplemental disclosures of cash flow information: | ||
Cash paid for interest | 60 | 46 |
Cash paid (refund) of income taxes | $ 5 | $ (10) |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | Note 1. The interim consolidated financial statements included herein have been prepared by Wilhelmina International, Inc. (together with its subsidiaries, "Wilhelmina" or the "Company") without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Although certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to those rules and regulations, all adjustments considered necessary in order to make the consolidated financial statements not 10 December 31, 2018. not may |
Note 2 - Business
Note 2 - Business | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | Note 2. The primary business of Wilhelmina is fashion model management. These business operations are headquartered in New York City. The Company’s predecessor was founded in 1967 one |
Note 3 - New Accounting Standar
Note 3 - New Accounting Standards | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | Note 3. ASU 2016 02, 2016, 2018, January 1, 2019. not not 12 $2.6 $2.8 January 1, 2019, not first six 2019, $64 June 30, 2019, 1.8 1.7 June 30, 2019, 4.8% 4.5% The following table presents additional information regarding Wilhelmina’s financing and operating leases for the three six June 30, 2019 ( Three months ended June 30, 2019 Six months ended June 30, 2019 Finance lease expense Amortization of ROU assets $ 27 $ 61 Interest on lease liabilities 2 4 Operating lease expense 299 597 Short term lease expense 60 119 Cash paid for amounts included in the measurement of lease liabilities for finance leases Financing cash flows 30 64 Cash paid for amounts included in the measurement of lease liabilities for operating leases Operating cash flows 316 632 ROU assets obtained in exchange for lease liabilities Finance leases - 2,404 Operating leases - 210 As of June 30, 2019, Operating Finance July 1, 2019 to December 31, 2019 $ 604 $ 60 2020 1,135 81 2021 369 31 Total 2,108 172 Less: Present value discount (85 ) (6 ) Lease liability $ 2,023 $ 166 |
Note 4 - Foreign Currency Trans
Note 4 - Foreign Currency Translation | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Foreign Currency Disclosure [Text Block] | Note 4. The functional currency of the London subsidiary is the British Pound. Assets and liabilities are translated into U.S. dollars at the exchange rates in effect at each balance sheet date, revenues and expenses are translated at average monthly exchange rates and resulting translation gains or losses are accumulated in other comprehensive income as a separate component of shareholders’ equity. |
Note 5 - Line of Credit
Note 5 - Line of Credit | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 5. The Company has a credit agreement with Amegy Bank which provides a $4.0 $3.0 October 24, 2016. 80% $20.0 0.50% June 30, 2019, $0.2 $1.4 On August 16, 2016, $2.7 4.5% November, 2016, 47 60 October 24, 2020. On July 16, 2018, $1.0 may July 12, 2019, 5.15% July 12, 2019. 60 July 12, 2023. three Amounts outstanding under the additional term loan further reduce the availability under the Company’s revolving line of credit with Amegy Bank. On August 1, 2018, $0.7 100,000 December 12, 2018, $0.3 50,000 June 30, 2019, $2.4 two |
Note 6 - Commitments and Contin
Note 6 - Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | Note 6. On October 24, 2013, January 6, 2014, August 11, 2014, March 3, 2014, “may Plaintiffs retained substitute counsel, who filed a Second and then Third Amended Complaint. Plaintiffs’ Third Amended Complaint asserts causes of action for alleged breaches of the plaintiffs' management contracts with the defendants, conversion, breach of the duty of good faith and fair dealing, and unjust enrichment. The Third Amended Complaint also alleges that the plaintiff models were at all relevant times employees, and not not not October 6, 2015, May 26, 2017. three five two May 24, 2018. August 16, 2017, On June 6, 2016, August 16, 2017. September 29, 2017, May 10, 2018. July 12, 2019, On May 1, 2019, July 12, 2019, September 12, 2019 October 12, 2019. The Company believes the claims asserted in the Shanklin and Pressley Litigations are without merit and intends to continue to vigorously defend the actions. In addition to the legal proceedings disclosed herein, the Company is also engaged in various legal proceedings that are routine in nature and incidental to its business. None |
Note 7 - Income Taxes
Note 7 - Income Taxes | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 7. Generally, the Company’s combined effective tax rate is high relative to reported net income as a result of certain amortization expense, stock based compensation, and corporate overhead not not four June 30, 2019, $0.2 The U.S. Tax Cuts and Jobs Act (the “Tax Act”) enacted in December 2017 2018, 35% 21% not |
Note 8 - Treasury Shares
Note 8 - Treasury Shares | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Treasury Stock [Text Block] | Note 8. During 2012, 500,000 2013, 1,000,000 2016, 500,000 may 1,500,000 may not may From 2012 June 30, 2019, 1,292,620 $4.85 $6.3 first six 2019, 28,466 $173 |
Note 9 - Related Parties
Note 9 - Related Parties | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | Note 9. The Executive Chairman of the Company, Mark E. Schwarz, is also the chairman, chief executive officer and portfolio manager of Newcastle Capital Management, L.P. (“NCM”). NCM is the general partner of Newcastle Partners L.P. (“Newcastle”), which is the largest shareholder of the Company. James Dvorak (Managing Director at NCM) also serves as a director of the Company. The Company’s corporate headquarters are located at 200 1400, 75201, $2.5 $15 six June 30, 2019 2018. not June 30, 2019. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2019 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | The interim consolidated financial statements included herein have been prepared by Wilhelmina International, Inc. (together with its subsidiaries, "Wilhelmina" or the "Company") without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Although certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to those rules and regulations, all adjustments considered necessary in order to make the consolidated financial statements not 10 December 31, 2018. not may |
Note 3 - New Accounting Stand_2
Note 3 - New Accounting Standards (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Lease, Cost [Table Text Block] | Three months ended June 30, 2019 Six months ended June 30, 2019 Finance lease expense Amortization of ROU assets $ 27 $ 61 Interest on lease liabilities 2 4 Operating lease expense 299 597 Short term lease expense 60 119 Cash paid for amounts included in the measurement of lease liabilities for finance leases Financing cash flows 30 64 Cash paid for amounts included in the measurement of lease liabilities for operating leases Operating cash flows 316 632 ROU assets obtained in exchange for lease liabilities Finance leases - 2,404 Operating leases - 210 |
Lessee, Lease, Liability, Maturity [Table Text Block] | Operating Finance July 1, 2019 to December 31, 2019 $ 604 $ 60 2020 1,135 81 2021 369 31 Total 2,108 172 Less: Present value discount (85 ) (6 ) Lease liability $ 2,023 $ 166 |
Note 3 - New Accounting Stand_3
Note 3 - New Accounting Standards (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019 | Jun. 30, 2019 | Jun. 30, 2018 | Jan. 01, 2019 | Dec. 31, 2018 | |
Operating Lease, Right-of-Use Asset | $ 1,867 | $ 1,867 | $ 2,600 | ||
Operating Lease, Liability, Total | 2,023 | 2,023 | $ 2,800 | ||
Finance Lease, Principal Payments | $ 30 | $ 64 | |||
Operating Lease, Weighted Average Remaining Lease Term | 1 year 292 days | 1 year 292 days | |||
Finance Lease, Weighted Average Remaining Lease Term | 1 year 255 days | 1 year 255 days | |||
Operating Lease, Weighted Average Discount Rate, Percent | 4.80% | 4.80% | |||
Finance Lease, Weighted Average Discount Rate, Percent | 4.50% | 4.50% |
Note 3 - New Accounting Stand_4
Note 3 - New Accounting Standards - Lease Cost (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2019 | Jun. 30, 2018 | |
Amortization of ROU assets | $ 27 | $ 61 | |
Interest on lease liabilities | 2 | 4 | |
Operating lease expense | 299 | 597 | |
Short term lease expense | 60 | 119 | |
Finance Lease, Principal Payments | 30 | 64 | |
Operating cash flows | 316 | 632 | |
Finance leases | 2,404 | ||
Operating leases | $ 210 |
Note 3 - New Accounting Stand_5
Note 3 - New Accounting Standards - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Jan. 01, 2019 |
July 1, 2019 to December 31, 2019, Operating | $ 604 | |
July 1, 2019 to December 31, 2019, Finance | 60 | |
2020, Operating | 1,135 | |
2020, Finance | 81 | |
2021, Operating | 369 | |
2021, Finance | 31 | |
Total, Operating | 2,108 | |
Total, Finance | 172 | |
Less: Present value discount, Operating | (85) | |
Less: Present value discount, Finance | (6) | |
Lease liability, Operating | 2,023 | $ 2,800 |
Lease liability, Finance | $ 166 |
Note 5 - Line of Credit (Detail
Note 5 - Line of Credit (Details Textual) $ in Millions | Dec. 12, 2018USD ($)shares | Aug. 01, 2018USD ($)shares | Oct. 24, 2016USD ($) | Aug. 16, 2016USD ($) | Jun. 30, 2019USD ($)shares | Jul. 16, 2018USD ($) |
Treasury Stock, Shares, Acquired | shares | 50,000 | 100,000 | 28,466 | |||
Amegy [Member] | Credit Agreement After Fifth Amendment [Member] | Revolving Credit Facility [Member] | ||||||
Debt Agreement, Maximum Borrowing Capacity | $ 4 | |||||
Debt Agreement, Borrowing Base Percentage of Collateral Modified From | 80.00% | |||||
Debt Agreement, Covenant Compliance, Minimum Net Worth | $ 20 | |||||
Amegy [Member] | Credit Agreement After Fifth Amendment [Member] | Revolving Credit Facility [Member] | Prime Rate [Member] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 0.50% | |||||
Amegy [Member] | Credit Agreement After Fifth Amendment [Member] | Term Loan [Member] | ||||||
Debt Agreement, Maximum Borrowing Capacity | $ 3 | |||||
Proceeds from Issuance of Long-term Debt, Total | $ 2.7 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 4.50% | |||||
Long-term Debt, Number of Monthly Payments, Principal and Interest | 47 | |||||
Amegy [Member] | Credit Agreement After Fifth Amendment [Member] | Standby Letters of Credit [Member] | ||||||
Long-term Line of Credit, Total | $ 0.2 | |||||
Line of Credit Facility, Remaining Borrowing Capacity | 1.4 | |||||
Amegy [Member] | Tenth Amendment to Credit Agreement [Member] | Term Loan [Member] | ||||||
Debt Agreement, Maximum Borrowing Capacity | $ 1 | |||||
Proceeds from Issuance of Long-term Debt, Total | $ 0.3 | $ 0.7 | ||||
Debt Instrument, Interest Rate, Stated Percentage | 5.15% | |||||
Long-term Debt, Total | $ 2.4 |
Note 7 - Income Taxes (Details
Note 7 - Income Taxes (Details Textual) $ in Millions | 12 Months Ended | 18 Months Ended |
Dec. 31, 2017 | Jun. 30, 2019USD ($) | |
Number of States in which Entity Operates | 4 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 35.00% | 21.00% |
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Operating Loss Carryforwards, Total | $ 0.2 |
Note 8 - Treasury Shares (Detai
Note 8 - Treasury Shares (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Dec. 12, 2018 | Aug. 01, 2018 | Aug. 12, 2016 | Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2018 | Mar. 31, 2018 | Jun. 30, 2019 | Jun. 30, 2019 | Dec. 31, 2018 | Dec. 31, 2013 | Dec. 31, 2012 |
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | 1,500,000 | 1,000,000 | 500,000 | |||||||||
Stock Repurchase Program, Additional Shares Authorized | 500,000 | |||||||||||
Treasury Stock, Shares, Ending Balance | 1,292,620 | 1,292,620 | 1,292,620 | 1,264,154 | ||||||||
Treasury Stock Acquired, Average Cost Per Share | $ 4.85 | |||||||||||
Treasury Stock, Value, Ending Balance | $ 6,266 | $ 6,266 | $ 6,266 | $ 6,093 | ||||||||
Treasury Stock, Shares, Acquired | 50,000 | 100,000 | 28,466 | |||||||||
Treasury Stock, Value, Acquired, Cost Method | $ 149 | $ 24 | $ 46 | $ 36 | $ 173 |
Note 9 - Related Parties (Detai
Note 9 - Related Parties (Details Textual) - USD ($) | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
NCM [Member] | ||
Due to Related Parties, Current, Total | $ 0 | |
Rent [Member] | ||
Related Party Transaction, Monthly Rent | 2,500 | |
Services Agreements [Member] | ||
Related Party Transaction, Expenses from Transactions with Related Party | $ 15,000 | $ 15,000 |