Wilhelmina International (WHLM) 10-Q 12 Nov 20 2021 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Nov. 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	Sep. 30, 2020
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
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	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 4,952	$ 6,993
Accounts receivable, net of allowance for doubtful accounts of $1,766 and $1,423, respectively	6,992	9,441
Prepaid expenses and other current assets	167	243
Total current assets	12,111	16,677
Property and equipment, net of accumulated depreciation of $5,113 and $4,300, respectively	1,202	1,925
Right of use assets-operating	833	1,261
Right of use assets-finance	242	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	91	115
TOTAL ASSETS	30,493	37,108
Current liabilities:
Accounts payable and accrued liabilities	2,946	3,815
Due to models	5,741	7,495
Lease liabilities – operating, current	678	1,055
Lease liabilities – finance, current	90	94
Term loans – current	2,039	1,257
Total current liabilities	11,494	13,716
Long term liabilities:
Net deferred income tax liability	1,352	725
Lease liabilities – operating, non-current	207	328
Lease liabilities – finance, non-current	161	225
Term loans – non-current	1,371	743
Total long term liabilities	3,091	2,021
Total liabilities	14,585	15,737
Shareholders’ equity:
Common stock, $0.01 par value, 9,000,000 shares authorized; 6,472,038 shares issued at September 30, 2020 and December 31, 2019	65	65
Treasury stock, 1,314,694 and 1,309,861 shares at September 30, 2020 and December 31, 2019, at cost	(6,371)	(6,352)
Additional paid-in capital	88,484	88,471
Accumulated deficit	(66,153)	(60,815)
Accumulated other comprehensive (loss) income	(117)	2
Total shareholders’ equity	15,908	21,371
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 30,493	$ 37,108

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Accounts receivable, allowance for doubtful accounts	$ 1,766	$ 1,423
Property and equipment, accumulated depreciation	5,113	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 (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues:
Revenues	$ 10,545	$ 17,241	$ 29,625	$ 57,245
Model costs	7,544	12,534	21,547	41,166
Revenues, net of model costs	3,001	4,707	8,078	16,079
Operating expenses:
Salaries and service costs	1,651	3,266	7,566	10,571
Office and general expenses	797	1,042	2,799	3,301
Amortization and depreciation	294	297	886	885
Goodwill impairment	0	0	800	0
Corporate overhead	145	251	692	834
Total operating expenses	2,887	4,856	12,743	15,591
Operating income (loss)	114	(149)	(4,665)	488
Other expense (income):
Foreign exchange gain	(14)	(3)	(65)
Interest expense	21	27	71	89
Total other expense, net	7	24	6	89
Income (loss) before provision for income taxes	107	(173)	(4,671)	399
Current	(56)	(47)	(40)	(200)
Deferred	(29)	54	(627)	(23)
(Provision) benefit for income taxes, net	(85)	7	(667)	(223)
Net income (loss)	22	(166)	(5,338)	176
Other comprehensive income (loss):
Foreign currency translation income (loss)	120	(76)	(119)	(107)
Total comprehensive income (loss)	$ 142	$ (242)	$ (5,457)	$ 69
Basic net income (loss) per common share (in dollars per share)	$ 0	$ (0.03)	$ (1.03)	$ 0.03
Diluted net income (loss) per common share (in dollars per share)	$ 0	$ (0.03)	$ (1.03)	$ 0.03
Weighted average common shares outstanding-basic (in shares)	5,157	5,176	5,158	5,189
Weighted average common shares outstanding-diluted (in shares)	5,157	5,176	5,158	5,189
Service [Member]
Revenues:
Revenues	$ 10,534	$ 17,224	$ 29,604	$ 57,199
License Fees and Other [Member]
Revenues:
Revenues	$ 11	$ 17	$ 21	$ 46

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						176
Foreign currency translation						(107)
Balances (in shares) at Sep. 30, 2019	6,472,000	(1,302,000)
Balances at Sep. 30, 2019	$ 65	$ (6,320)	88,420	(55,853)	(200)	26,112
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
Share based payment expense			49			49
Net income (loss) to common shareholders				(166)		(166)
Purchases of treasury stock (in shares)		(9,000)
Purchases of treasury stock		$ (54)				(54)
Foreign currency translation					(76)	(76)
Balances (in shares) at Sep. 30, 2019	6,472,000	(1,302,000)
Balances at Sep. 30, 2019	$ 65	$ (6,320)	88,420	(55,853)	(200)	26,112
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						$ (5,338)
Purchases of treasury stock (in shares)						(4,833)
Purchases of treasury stock						$ (20)
Foreign currency translation						(119)
Balances (in shares) at Sep. 30, 2020	6,472,000	(1,315,000)
Balances at Sep. 30, 2020	$ 65	$ (6,371)	88,484	(66,153)	(117)	15,908
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)
Purchases of treasury stock (in shares)
Purchases of treasury stock
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
Share based payment expense			3			3
Net income (loss) to common shareholders				22		22
Purchases of treasury stock (in shares)
Purchases of treasury stock
Foreign currency translation					120	120
Balances (in shares) at Sep. 30, 2020	6,472,000	(1,315,000)
Balances at Sep. 30, 2020	$ 65	$ (6,371)	$ 88,484	$ (66,153)	$ (117)	$ 15,908

Consolidated Statements of Cash

Consolidated Statements of Cash Flow (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net (loss) income:	$ (5,338)	$ 176
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Amortization and depreciation	886	885
Goodwill impairment	800	0
Share based payment expense	13	165
Deferred income taxes	627	23
Bad debt expense (recovery)	131	(1)
Changes in operating assets and liabilities:
Accounts receivable	2,318	(181)
Prepaid expenses and other current assets	76	(77)
Right of use assets-operating	428	802
Other assets	24	1
Due to models	(1,754)	31
Lease liabilities-operating	(498)	(854)
Accounts payable and accrued liabilities	(869)	(1,038)
Net cash used in operating activities	(3,156)	(68)
Cash flows used in investing activities:
Purchases of property and equipment	(90)	(304)
Net cash used in investing activities	(90)	(304)
Cash flows used in financing activities:
Purchases of treasury stock	(19)	(227)
Proceeds from term loans	1,975
Payments on finance leases	(67)	(83)
Payment on term loans	(565)	(438)
Net cash provided by (used in) financing activities	1,324	(748)
Foreign currency effect on cash flows:	(119)	(107)
Net change in cash and cash equivalents:	(2,041)	(1,227)
Cash and cash equivalents, beginning of period	6,993	6,748
Cash and cash equivalents, end of period	4,952	5,521
Supplemental disclosures of cash flow information:
Cash paid for interest	64	88
Cash paid for income taxes	$ 14	$ 5

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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, third 2020, 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. 2020 may may not may Postponed and cancelled bookings related to the pandemic contributed significantly to reduced revenues and increased operating losses during the first nine 2020. third 2020, 19 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 discretionary travel and entertainment expenses. - Suspended share repurchases. - Did not three June August, 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	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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% September 30, 2020, $0.2 On August 16, 2016, $2.7 4.5% November, 2016, 47 60 $0.6 October 28, 2020. On July 16, 2018, $1.0 July 12, 2019, 5.15% July 12, 2019. 60 July 12, 2023. 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 September 30, 2020, $1.4 two $0.6 October 28, 2020.. 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 September 30, 2020. November 10, 2020, December 31, 2021, $1.5 December 31, 2020 six March 31, 2021 nine June 30, 2021 twelve 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 September 30, 2020, $2.0

Note 6 - Commitments and Contin

Note 6 - Commitments and Contingencies	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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 September 30, 2020, 19 not not nine September 30, 2020, $1.3 $0.3 September 30, 2020, $1.3 may

Note 8 - Treasury Stock

Note 8 - Treasury Stock	9 Months Ended
	Sep. 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 September 30, 2020, 1,314,694 $4.85 $6.4 first nine 2020, 4,833 $20 185,306 19,

Note 9 - Related Parties

Note 9 - Related Parties	9 Months Ended
	Sep. 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 $22.5 nine September 30, 2020 2019. not September 30, 2020.

Note 10 - Goodwill

Note 10 - Goodwill	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Goodwill Disclosure [Text Block]	Note 10. During the first 2020, 19 March 2020, $0.8 No third 2020. No first nine 2019.

Note 11 - Subsequent Events

Note 11 - Subsequent Events	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Subsequent Events [Text Block]	Note 11. On November 10, 2020, December 31, 2021, $1.5 December 31, 2020 six March 31, 2021 nine June 30, 2021 twelve

Note 2 - Business (Details Text

Note 2 - Business (Details Textual) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	Apr. 30, 2020	Sep. 30, 2020	Sep. 30, 2019	Jul. 31, 2020	Jul. 01, 2020
Proceeds from Issuance of Long-term Debt, Total		$ 1,975
Covid 19 [Member]
Cash Rent Payments Deferred in Connection With COVID-19				$ 41
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)

Oct. 28, 2020USD ($)

Apr. 18, 2020USD ($)

Apr. 15, 2020USD ($)

Dec. 12, 2018USD ($)shares

Aug. 01, 2018USD ($)shares

Oct. 24, 2016USD ($)

Aug. 16, 2016USD ($)

Apr. 30, 2020USD ($)

Sep. 30, 2020USD ($)shares

Sep. 30, 2019USD ($)

Sep. 30, 2020USD ($)shares

Nov. 10, 2020USD ($)

May 12, 2020USD ($)

Mar. 26, 2020USD ($)

Jul. 16, 2018USD ($)

Proceeds from Issuance of Long-term Debt, Total

$ 1,975,000

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] | Subsequent Event [Member] | Term Loan [Member]

Repayments of Debt

$ 600,000

Amegy [Member] | Term Loan [Member] | Subsequent Event [Member]

Repayments of Debt

$ 600,000

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

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

$ 1,400,000

$ 1,400,000

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

Amegy [Member] | Credit Agreement Fifteenth Amendment [Member] | Revolving Credit Facility [Member] | Subsequent Event [Member]

Debt Agreement, Covenant Compliance, Minimum Net Worth

$ 1,500,000

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual) $ in Millions	9 Months Ended
	Sep. 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	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Dec. 31, 2016	Sep. 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	$ 54	$ 149	$ 24	$ 20		$ 6,400
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased (in shares)			185,306						185,306		185,306

Note 9 - Related Parties (Detai

Note 9 - Related Parties (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 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	$ 22.50	$ 22,500

Note 10 - Goodwill (Details Tex

Note 10 - Goodwill (Details Textual) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Goodwill, Impairment Loss	$ 800	$ 0	$ 0	$ 800	$ 0

Note 11 - Subsequent Events (De

Note 11 - Subsequent Events (Details Textual)	Nov. 10, 2020USD ($)
Subsequent Event [Member] | Amegy [Member] | Credit Agreement Fifteenth Amendment [Member] | Revolving Credit Facility [Member]
Debt Agreement, Covenant Compliance, Minimum Net Worth	$ 1,500,000