Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2020 | Aug. 12, 2020 | |
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 Interactive Data Current | Yes | |
Entity Common Stock, Shares Outstanding (in shares) | 5,157,344 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2020 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Title of 12(b) Security | Common Stock, $0.01 par value |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Current assets: | ||
Cash and cash equivalents | $ 5,601 | $ 6,993 |
Accounts receivable, net of allowance for doubtful accounts of $1,733 and $1,423, respectively | 4,899 | 9,441 |
Prepaid expenses and other current assets | 212 | 243 |
Total current assets | 10,712 | 16,677 |
Property and equipment, net of accumulated depreciation of $4,843 and $4,300, respectively | 1,470 | 1,925 |
Right of use assets-operating | 746 | 1,261 |
Right of use assets-finance | 267 | 316 |
Trademarks and trade names with indefinite lives | 8,467 | 8,467 |
Other intangibles with finite lives, net of accumulated amortization of$8,737 and $8,737, respectively | 0 | 0 |
Goodwill | 7,547 | 8,347 |
Other assets | 96 | 115 |
TOTAL ASSETS | 29,305 | 37,108 |
Current liabilities: | ||
Accounts payable and accrued liabilities | 3,021 | 3,815 |
Due to models | 4,503 | 7,495 |
Lease liabilities – operating, current | 796 | 1,055 |
Lease liabilities – finance, current | 96 | 94 |
Term loans – current | 1,852 | 1,257 |
Total current liabilities | 10,268 | 13,716 |
Long term liabilities: | ||
Net deferred income tax liability | 1,323 | 725 |
Lease liabilities – operating, non-current | 26 | 328 |
Lease liabilities – finance, non-current | 176 | 225 |
Term loans – non-current | 1,749 | 743 |
Total long term liabilities | 3,274 | 2,021 |
Total liabilities | 13,542 | 15,737 |
Shareholders’ equity: | ||
Common stock, $0.01 par value, 9,000,000 shares authorized; 6,472,038 shares issued at June 30, 2020 and December 31, 2019 | 65 | 65 |
Treasury stock, 1,314,694 and 1,309,861 shares at June 30, 2020 and December 31, 2019, at cost | (6,371) | (6,352) |
Additional paid-in capital | 88,481 | 88,471 |
Accumulated deficit | (66,175) | (60,815) |
Accumulated other comprehensive loss | (237) | 2 |
Total shareholders’ equity | 15,763 | 21,371 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ 29,305 | $ 37,108 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2020 | Dec. 31, 2019 |
Accounts receivable, allowance for doubtful accounts | $ 1,733 | $ 1,423 |
Property and equipment, accumulated depreciation | 4,843 | 4,300 |
Other intangibles, accumulated amortization | $ 8,737 | $ 8,737 |
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) | 1,314,694 | 1,309,861 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Revenues: | ||||
Revenues | $ 4,528 | $ 19,945 | $ 19,080 | $ 40,004 |
Model costs | 3,397 | 14,156 | 14,003 | 28,632 |
Revenues, net of model costs | 1,131 | 5,789 | 5,077 | 11,372 |
Operating expenses: | ||||
Salaries and service costs | 2,788 | 3,589 | 5,915 | 7,305 |
Office and general expenses | 947 | 1,031 | 2,002 | 2,259 |
Amortization and depreciation | 298 | 298 | 592 | 588 |
Goodwill impairment | 0 | 0 | 800 | 0 |
Corporate overhead | 238 | 251 | 547 | 583 |
Total operating expenses | 4,271 | 5,169 | 9,856 | 10,735 |
Operating (loss) income | (3,140) | 620 | (4,779) | 637 |
Other expense (income): | ||||
Foreign exchange loss (gain) | 14 | (12) | (51) | 3 |
Interest expense | 23 | 30 | 50 | 62 |
Total other expense (income), net | 37 | 18 | (1) | 65 |
(Loss) income before provision for income taxes | (3,177) | 602 | (4,778) | 572 |
Current | 75 | (89) | 16 | (152) |
Deferred | 402 | (62) | (598) | (78) |
Income tax benefit (expense) | 477 | (151) | (582) | (230) |
Net (loss) income | (2,700) | 451 | (5,360) | 342 |
Other comprehensive expense: | ||||
Foreign currency translation expense | (5) | (59) | (239) | (31) |
Total comprehensive (loss) income | $ (2,705) | $ 392 | $ (5,599) | $ 311 |
Basic net (loss) income per common share (in dollars per share) | $ (0.52) | $ 0.09 | $ (1.04) | $ 0.07 |
Diluted net (loss) income per common share (in dollars per share) | $ (0.52) | $ 0.09 | $ (1.04) | $ 0.07 |
Weighted average common shares outstanding-basic (in shares) | 5,157 | 5,187 | 5,159 | 5,196 |
Weighted average common shares outstanding-diluted (in shares) | 5,157 | 5,187 | 5,159 | 5,196 |
Service [Member] | ||||
Revenues: | ||||
Revenues | $ 4,523 | $ 19,940 | $ 19,070 | $ 39,975 |
License Fees and Other [Member] | ||||
Revenues: | ||||
Revenues | $ 5 | $ 5 | $ 10 | $ 29 |
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, 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 (loss) 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 (loss) to common shareholders | 342 | |||||
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 (loss) 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 |
Balances (in shares) at Dec. 31, 2019 | 6,472,000 | (1,310,000) | ||||
Balances at Dec. 31, 2019 | $ 65 | $ (6,352) | 88,471 | (60,815) | 2 | 21,371 |
Share based payment expense | 6 | 6 | ||||
Net income (loss) to common shareholders | (2,660) | (2,660) | ||||
Purchases of treasury stock (in shares) | (5,000) | |||||
Purchases of treasury stock | $ (19) | (19) | ||||
Foreign currency translation | (234) | (234) | ||||
Balances (in shares) at Mar. 31, 2020 | 6,472,000 | (1,315,000) | ||||
Balances at Mar. 31, 2020 | $ 65 | $ (6,371) | 88,477 | (63,475) | (232) | 18,464 |
Balances (in shares) at Dec. 31, 2019 | 6,472,000 | (1,310,000) | ||||
Balances at Dec. 31, 2019 | $ 65 | $ (6,352) | 88,471 | (60,815) | 2 | 21,371 |
Net income (loss) to common shareholders | $ (5,360) | |||||
Purchases of treasury stock (in shares) | (4,833) | |||||
Purchases of treasury stock | $ (20) | |||||
Foreign currency translation | (239) | |||||
Balances (in shares) at Jun. 30, 2020 | 6,472,000 | (1,315,000) | ||||
Balances at Jun. 30, 2020 | $ 65 | $ (6,371) | 88,481 | (66,175) | (237) | 15,763 |
Balances (in shares) at Mar. 31, 2020 | 6,472,000 | (1,315,000) | ||||
Balances at Mar. 31, 2020 | $ 65 | $ (6,371) | 88,477 | (63,475) | (232) | 18,464 |
Share based payment expense | 4 | 4 | ||||
Net income (loss) to common shareholders | (2,700) | (2,700) | ||||
Foreign currency translation | (5) | (5) | ||||
Balances (in shares) at Jun. 30, 2020 | 6,472,000 | (1,315,000) | ||||
Balances at Jun. 30, 2020 | $ 65 | $ (6,371) | $ 88,481 | $ (66,175) | $ (237) | $ 15,763 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flow (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2020 | Jun. 30, 2019 | |
Cash flows from operating activities: | ||
Net (loss) income: | $ (5,360) | $ 342 |
Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
Amortization and depreciation | 592 | 588 |
Goodwill impairment | 800 | 0 |
Share based payment expense | 10 | 116 |
Deferred income taxes | 598 | 78 |
Bad debt expense | 93 | 24 |
Changes in operating assets and liabilities: | ||
Accounts receivable | 4,449 | (961) |
Prepaid expenses and other current assets | 31 | (109) |
Right of use assets-operating | 515 | 537 |
Other assets | 19 | 0 |
Due to models | (2,992) | 404 |
Lease liabilities-operating | (561) | (579) |
Accounts payable and accrued liabilities | (794) | (445) |
Net cash used in operating activities | (2,600) | (5) |
Cash flows used in investing activities: | ||
Purchases of property and equipment | (88) | (207) |
Net cash used in investing activities | (88) | (207) |
Cash flows used in financing activities: | ||
Purchases of treasury stock | (19) | (173) |
Proceeds of term loan | 1,975 | 0 |
Payments on finance leases | (47) | (57) |
Repayment of term loan | (374) | (272) |
Net cash provided by (used in) financing activities | 1,535 | (502) |
Foreign currency effect on cash flows: | (239) | (31) |
Net change in cash and cash equivalents: | (1,392) | (745) |
Cash and cash equivalents, beginning of period | 6,993 | 6,748 |
Cash and cash equivalents, end of period | 5,601 | 6,003 |
Supplemental disclosures of cash flow information: | ||
Cash paid for interest | 45 | 60 |
Cash paid for income taxes | $ 0 | $ 5 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 6 Months Ended |
Jun. 30, 2020 | |
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, 2019. not may |
Note 2 - Business
Note 2 - Business | 6 Months Ended |
Jun. 30, 2020 | |
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 COVID- 19 On March 11, 2020, 19 may not March 2020, June 2020, two In addition to reduced revenue, business operations have been adversely affected by reductions in productivity, limitations on the ability of customers to make timely payments, disruptions in talents' ability to travel to needed locations, and supply chain disruptions impeding clothing or footwear wardrobe from reaching destinations for photoshoots and other bookings. Many of the Company's customers are large retail and fashion companies, which have had to close stores in the United States and internationally due to orders from local authorities to help slow the spread of COVID- 19. may may not may Postponed and cancelled bookings related to the pandemic contributed significantly to reduced revenues and increased operating losses during the first six 2020. second 2020, 19 two Reduced outstanding accounts receivable available as collateral under the Company's credit agreement with Amegy Bank has limited access to additional financing. Net losses in recent periods have also impacted compliance with the financial covenants under the Amegy Bank credit agreement, further impeding the Company's ability to obtain additional financing.. Since the pandemic began, many stock markets, including Nasdaq Capital Market where Wilhelmina's common stock is listed, have been volatile. A further decline in the Company's stock price would reduce our market capitalization and could require additional goodwill or intangible asset impairment writedowns. The Company has taken the following actions to address the impact of COVID- 19 - In April 2020, $2.0 - Eliminated all discretionary travel and entertainment expenses. - Suspended share repurchases. - Did not two June, 2020. - Suspended efforts to fill two 2020. - Obtained from the landlord of the Company's New York City office a deferral of $41 July 2020 January 2021. - Negotiated discounts with various vendors and service providers, in effect through the remainder of 2020. - Effective July 1, 2020, 36% five If the quarantines and limitations on non-essential work are re-implemented, or persist for an extended period, the Company may |
Note 3 - New Accounting Standar
Note 3 - New Accounting Standards | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Accounting Standards Update and Change in Accounting Principle [Text Block] | Note 3. In June 2016, ASU No. 2016 13, 326 2016 13” 2016 13 December 15, 2022, 2016 13 not In January 2017, ASU No. 2017 03 350 2017 03” December 15, 2019. one 2 two No. 2017 03 not In November 2018, ASU No. 2018 19, 326, 2018 19” not 2018 19 December 15, 2019, 2018 19 not In December 2019, No. 2019 12, Income Taxes (Topic 740 740, Income Taxes 2019 12 December 15, 2020, not |
Note 4 - Foreign Currency Trans
Note 4 - Foreign Currency Translation | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Foreign Currency Disclosure [Text Block] | Note 4. The functional currency of our subsidiary in the United Kingdom 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 - Debt
Note 5 - Debt | 6 Months Ended |
Jun. 30, 2020 | |
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, 2020, $0.2 On August 16, 2016, $2.7 4.5% November, 2016, 47 60 $0.6 October 24, 2020. On July 16, 2018, $1.0 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, 2020, $1.6 two Reduced outstanding accounts receivable available as collateral under the Company's credit agreement with Amegy Bank has limited access to additional financing. Net losses in recent periods have also impacted compliance with the financial covenants under the Amegy Bank credit agreement, further impeding the Company's ability to obtain additional financing. On March 26, 2020, $4.0 December 31, 2019. May 12, 2020, $3.0 March 31, 2020 March 31, 2020. June 30, 2020. 2020. On April 15, 2020, April 13, 2020 ( $1.8 April 13, 2022 1.00% 18 $104 November 13, 2020. On April 18, 2020, April 17, 2020 ( $128 April 17, 2022 1.00% 18 $7 November 13, 2020. Both the Sub PPP Loan and the Parent PPP Loan (collectively, the “PPP Loans”) may no may As of June 30, 2020, $2.0 |
Note 6 - Commitments and Contin
Note 6 - Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2020 | |
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, By Order Dated May 8, 2020 ( June 12, 2020, June 22, 2020, The Company believes the claims asserted in the Shanklin Litigation and Pressley Litigation 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, 2020 | |
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 valuation allowances on deferred tax assets, certain amortization expense, stock based compensation, and corporate overhead not not four not not June 30, 2020, 19 not not six June 30, 2020, $1.3 $0.3 June 30, 2020, $1.3 may |
Note 8 - Treasury Stock
Note 8 - Treasury Stock | 6 Months Ended |
Jun. 30, 2020 | |
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, 2020, 1,314,694 $4.85 $6.4 first six 2020, 4,833 $20 185,306 19, |
Note 9 - Related Parties
Note 9 - Related Parties | 6 Months Ended |
Jun. 30, 2020 | |
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. The Company's corporate headquarters are located at 200 1400, 75201, $2.5 $15 six June 30, 2020 2019. not June 30, 2020. |
Note 10 - Goodwill
Note 10 - Goodwill | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Goodwill Disclosure [Text Block] | Note 10. During the first 2020, 19 March 2020, $0.8 No second 2020. No first six 2019. |
Note 11 - Subsequent Events
Note 11 - Subsequent Events | 6 Months Ended |
Jun. 30, 2020 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | Note 11. Effective July 1, 2020, 36% five |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2020 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | The interim consolidated financial statements included herein have been prepared by Wilhelmina International, Inc. (together with its subsidiaries, "Wilhelmina" or the "Company") without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Although certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to those rules and regulations, all adjustments considered necessary in order to make the consolidated financial statements not 10 December 31, 2019. not may |
Note 2 - Business (Details Text
Note 2 - Business (Details Textual) - USD ($) $ in Thousands | Jul. 01, 2020 | Apr. 30, 2020 | Jun. 30, 2020 | Jun. 30, 2019 |
Proceeds from Issuance of Long-term Debt, Total | $ 1,975 | $ 0 | ||
Subsequent Event [Member] | ||||
Percentage of Staff Laid Off | 36.00% | |||
Covid 19 [Member] | ||||
Cash Rent Payments Deferred in Connection With COVID-19 | $ 41 | |||
Covid 19 [Member] | Subsequent Event [Member] | ||||
Percentage of Staff Laid Off | 36.00% | |||
Paycheck Protection Program CARES Act [Member] | ||||
Proceeds from Issuance of Long-term Debt, Total | $ 2,000 |
Note 5 - Debt (Details Textual)
Note 5 - Debt (Details Textual) | Apr. 18, 2020USD ($) | Apr. 15, 2020USD ($) | Dec. 12, 2018USD ($)shares | Aug. 01, 2018USD ($)shares | Oct. 24, 2016USD ($) | Aug. 16, 2016USD ($) | Apr. 30, 2020USD ($) | Jun. 30, 2020USD ($)shares | Jun. 30, 2019USD ($) | Jun. 30, 2020USD ($)shares | May 12, 2020USD ($) | Mar. 26, 2020USD ($) | Jul. 16, 2018USD ($) |
Proceeds from Issuance of Long-term Debt, Total | $ 1,975,000 | $ 0 | |||||||||||
Treasury Stock, Shares, Acquired (in shares) | shares | 50,000 | 100,000 | 4,833 | 1,314,694 | |||||||||
Paycheck Protection Program Loan and Monthly Payments | $ 7,000 | ||||||||||||
Proceeds from Parent Paycheck Protection Program Under CARES Act | $ 128,000 | ||||||||||||
Wilhelmina International LTD [Member] | |||||||||||||
Proceeds from Sub Paycheck Protection Program Under CARES Act | $ 1,800 | ||||||||||||
Paycheck Protection Program Loan and Monthly Payments | $ 104,000 | ||||||||||||
Paycheck Protection Program CARES Act [Member] | |||||||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 2,000,000 | ||||||||||||
Long-term Debt, Total | $ 2,000,000 | $ 2,000,000 | |||||||||||
Amegy [Member] | Credit Agreement After Fifth Amendment [Member] | Revolving Credit Facility [Member] | |||||||||||||
Debt Agreement, Maximum Borrowing Capacity | $ 4,000,000 | ||||||||||||
Debt Agreement, Borrowing Base Percentage of Collateral Modified From | 80.00% | ||||||||||||
Debt Agreement, Covenant Compliance, Minimum Net Worth | $ 20,000,000 | ||||||||||||
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 | $ 3,000,000 | ||||||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 2,700,000 | ||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 4.50% | ||||||||||||
Long-term Debt, Number of Monthly Payments, Principal and Interest | 47 | ||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | $ 600,000 | ||||||||||||
Amegy [Member] | Credit Agreement After Fifth Amendment [Member] | Standby Letters of Credit [Member] | |||||||||||||
Long-term Line of Credit, Total | 200,000 | 200,000 | |||||||||||
Amegy [Member] | Tenth Amendment to Credit Agreement [Member] | Term Loan [Member] | |||||||||||||
Debt Agreement, Maximum Borrowing Capacity | $ 1,000,000 | ||||||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 300,000 | $ 700,000 | |||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.15% | ||||||||||||
Long-term Debt, Total | $ 1,600,000 | $ 1,600,000 | |||||||||||
Amegy [Member] | Thirteenth Amendment to Credit Agreement [Member] | Revolving Credit Facility [Member] | |||||||||||||
Debt Agreement, Covenant Compliance, Minimum Net Worth | $ 3,000,000 | $ 4,000,000 |
Note 7 - Income Taxes (Details
Note 7 - Income Taxes (Details Textual) $ in Millions | 6 Months Ended |
Jun. 30, 2020USD ($) | |
Number of States in which Entity Operates | 4 |
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ 1.3 |
Deferred Tax Assets, Valuation Allowance, Total | 1.3 |
Share-based Payment Arrangements [Member] | |
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ (0.3) |
Note 8 - Treasury Stock (Detail
Note 8 - Treasury Stock (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Dec. 12, 2018 | Aug. 01, 2018 | Mar. 31, 2020 | Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2020 | Dec. 31, 2016 | Jun. 30, 2020 | Dec. 31, 2013 | Dec. 31, 2012 |
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares) | 1,500,000 | 1,000,000 | 500,000 | |||||||
Stock Repurchase Program, Additional Shares Authorized (in shares) | 500,000 | |||||||||
Treasury Stock, Shares, Acquired (in shares) | 50,000 | 100,000 | 4,833 | 1,314,694 | ||||||
Treasury Stock Acquired, Average Cost Per Share (in dollars per share) | $ 4.85 | |||||||||
Treasury Stock, Value, Acquired, Cost Method | $ 19 | $ 149 | $ 24 | $ 20 | $ 6,400 | |||||
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased (in shares) | 185,306 | 185,306 |
Note 9 - Related Parties (Detai
Note 9 - Related Parties (Details Textual) - USD ($) | 6 Months Ended | |
Jun. 30, 2020 | Jun. 30, 2019 | |
NCM [Member] | ||
Due to Related Parties, Current, Total | $ 0 | |
Services Agreements [Member] | ||
Related Party Transaction, Monthly Rent | 2,500 | |
Related Party Transaction, Expenses from Transactions with Related Party | $ 15,000 | $ 15,000 |
Note 10 - Goodwill (Details Tex
Note 10 - Goodwill (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2020 | Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019 | |
Goodwill, Impairment Loss | $ 800 | $ 0 | $ 0 | $ 800 | $ 0 |
Note 11 - Subsequent Events (De
Note 11 - Subsequent Events (Details Textual) | Jul. 01, 2020 |
Subsequent Event [Member] | |
Percentage of Staff Laid Off | 36.00% |