Daily Journal (DJCO) 10-Q 8 May 18 2018 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Mar. 31, 2018	Apr. 30, 2018
Document Information [Line Items]
Entity Registrant Name	DAILY JOURNAL CORPORATION
Entity Central Index Key	783,412
Trading Symbol	djco
Current Fiscal Year End Date	--09-30
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		1,380,746
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2018	Sep. 30, 2017
ASSETS
Cash and cash equivalents	$ 7,224,000	$ 3,384,000
Marketable securities at fair value, including common stocks of $217,803,000 at March 31, 2018, and common stocks of $220,973,000 and bonds of $8,292,000 at September 30, 2017	217,803,000	229,265,000
Accounts receivable, less allowance for doubtful accounts of $200,000 at March 31, 2018 and September 30, 2017	4,239,000	5,358,000
Inventories	46,000	40,000
Prepaid expenses and other current assets	612,000	798,000
Income tax receivable	854,000	909,000
Total current assets	230,778,000	239,754,000
Property, plant and equipment, at cost
Land, buildings and improvements	16,409,000	16,396,000
Furniture, office equipment and computer software	2,752,000	2,724,000
Machinery and equipment	1,818,000	1,799,000
	20,979,000	20,919,000
Less accumulated depreciation	(9,584,000)	(9,292,000)
	11,395,000	11,627,000
Intangibles, net	1,248,000	3,058,000
Goodwill	13,400,000	13,400,000
Deferred income taxes - Federal	7,622,000	10,652,000
Deferred income taxes - State	2,299,000	2,217,000
	266,742,000	280,708,000
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	2,898,000	3,049,000
Accrued liabilities	2,932,000	3,112,000
Note payable collateralized by real estate	118,000	115,000
Total current liabilities	22,405,000	24,074,000
Long term liabilities
Investment margin account borrowings	29,493,000	29,493,000
Note payable collateralized by real estate	1,896,000	1,956,000
Deferred maintenance agreements	492,000	759,000
Accrued liabilities	135,000	135,000
Deferred income taxes	42,369,000	64,550,000
Total long term liabilities	74,385,000	96,893,000
Commitments and contingencies (Notes 10 and 11)
Shareholders' equity
Preferred stock, $.01 par value, 5,000,000 shares authorized and no shares issued	0	0
Common stock, $.01 par value, 5,000,000 shares authorized; 1,805,053 shares issued, including 424,307 treasury shares, at March 31, 2018 and September 30, 2017	14,000	14,000
Additional paid-in capital	1,755,000	1,755,000
Retained earnings	51,667,000	57,150,000
Accumulated other comprehensive income	116,516,000	100,822,000
Total shareholders' equity	169,952,000	159,741,000
	266,742,000	280,708,000
Subscription Arrangement [Member]
LIABILITIES AND SHAREHOLDERS' EQUITY
Deferred revenue	3,117,000	3,284,000
Deferred Installation Contracts [Member]
LIABILITIES AND SHAREHOLDERS' EQUITY
Deferred revenue	4,342,000	5,072,000
Software Service, Support and Maintenance Arrangement [Member]
LIABILITIES AND SHAREHOLDERS' EQUITY
Deferred revenue	$ 8,998,000	$ 9,442,000

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Mar. 31, 2018	Sep. 30, 2017
Market securities, common stock	$ 217,803,000	$ 220,973,000
Market securities, bonds	0	8,292,000
Accounts receivable, allowance for doubtful accounts	$ 200,000	$ 200,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	5,000,000	5,000,000
Common stock, shares issued (in shares)	1,805,053	1,805,053
Common stock, treasury shares (in shares)	424,307	424,307

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Revenue
Revenues	$ 9,338,000	$ 10,279,000	$ 19,590,000	$ 20,269,000
Costs and expenses
Salaries and employee benefits	8,555,000	8,097,000	16,752,000	15,738,000
Outside services	1,044,000	1,087,000	2,083,000	2,067,000
Postage and delivery expenses	216,000	285,000	433,000	563,000
Newsprint and printing expenses	191,000	230,000	403,000	439,000
Depreciation and amortization	899,000	1,389,000	2,117,000	2,781,000
Other general and administrative expenses	2,806,000	2,457,000	5,620,000	4,800,000
	13,711,000	13,545,000	27,408,000	26,388,000
Loss from operations	(4,373,000)	(3,266,000)	(7,818,000)	(6,119,000)
Other income (expense)
Dividends and interest income	1,024,000	1,368,000	2,507,000	2,539,000
Gain on sale of bonds	3,180,000		3,182,000
Other income	10,000	6,000	19,000	21,000
Reversal of accrued interest and penalty expense for uncertain and unrecognized tax benefits		752,000		743,000
Loss before income taxes	(332,000)	(1,261,000)	(2,443,000)	(3,042,000)
Benefit from income taxes	100,000	4,240,000	16,950,000	4,550,000
Net (loss) income	$ (232,000)	$ 2,979,000	$ 14,507,000	$ 1,508,000
Weighted average number of common shares outstanding - basic and diluted (in shares)	1,380,746	1,380,746	1,380,746	1,380,746
Basic and diluted net (loss) income per share (in dollars per share)	$ (0.17)	$ 2.16	$ 10.51	$ 1.09
Comprehensive (loss) income
Net income	$ (232,000)	$ 2,979,000	$ 14,507,000	$ 1,508,000
Net (decrease) increase in unrealized appreciation of marketable securities (net of taxes)	(13,861,000)	4,638,000	(1,743,000)	19,657,000
	(14,093,000)	7,617,000	12,764,000	21,165,000
Real Estate Bank Loan Secured by Logan Office [Member]
Other income (expense)
Interest expense on debt	(24,000)	(25,000)	(48,000)	(51,000)
Margin Account [Member]
Other income (expense)
Interest expense on debt	(149,000)	(96,000)	(285,000)	(175,000)
Advertising [Member]
Revenue
Revenues	2,209,000	2,123,000	4,325,000	4,433,000
Subscription and Circulation [Member]
Revenue
Revenues	1,356,000	1,424,000	2,719,000	2,873,000
Advertising Service Fees and Other [Member]
Revenue
Revenues	659,000	695,000	1,261,000	1,333,000
License and Maintenance [Member]
Revenue
Revenues	3,981,000	3,882,000	8,331,000	7,848,000
Consulting Fees [Member]
Revenue
Revenues	212,000	1,310,000	1,207,000	2,158,000
Service, Other [Member]
Revenue
Revenues	$ 921,000	$ 845,000	$ 1,747,000	$ 1,624,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities
Net income	$ 14,507,000	$ 1,508,000
Adjustments to reconcile net income to net cash used in operations
Depreciation and amortization	2,117,000	2,781,000
Deferred income taxes	(17,012,000)	(2,115,000)
Gains on sale of bonds	(3,182,000)
Discounts earned on bonds		(1,000)
(Increase) decrease in current assets
Accounts receivable, net	1,119,000	(578,000)
Inventories	(6,000)	(9,000)
Prepaid expenses and other assets	186,000	55,000
Income tax receivable	55,000	240,000
Increase (decrease) in liabilities
Accounts payable	(151,000)	514,000
Accrued liabilities	(180,000)	(773,000)
Income taxes		(2,723,000)
Net cash used in operating activities	(4,153,000)	(2,100,000)
Cash flows from investing activities
Sales (purchases) of marketable securities	(8,125,000)
Sales (purchases) of marketable securities		(5,013,000)
Purchases of property, plant and equipment	(75,000)	(194,000)
Net cash provided by (used in) investing activities	8,050,000	(5,207,000)
Cash flows from financing activities
Payment of real estate loan principal	(57,000)	(54,000)
Net cash used in financing activities	(57,000)	(54,000)
Increase (decrease) in cash and cash equivalents	3,840,000	(7,361,000)
Cash and cash equivalents
Beginning of period	3,384,000	11,411,000
End of period	7,224,000	4,050,000
Interest paid during period	329,000	220,000
Net income taxes paid during period	6,000	16,000
Subscription Arrangement [Member]
Increase (decrease) in liabilities
Deferred revenue arrangements	(167,000)	(122,000)
Deferred Maintenance Agreement [Member]
Increase (decrease) in liabilities
Deferred revenue arrangements	(711,000)	511,000
Deferred Installation Contracts [Member]
Increase (decrease) in liabilities
Deferred revenue arrangements	$ (730,000)	$ (1,388,000)

Note 1 - The Corporation and Op

Note 1 - The Corporation and Operations	6 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 Daily Journal Corporation (the “Company”) publishes newspapers and websites covering California and Arizona and produces several specialized information services. It also serves as a newspaper representative specializing in public notice advertising. Journal Technologies, Inc. (“Journal Technologies”), a wholly-owned subsidiary, supplies case management software systems and related products to courts, prosecutor and public defender offices, probation departments and other justice agencies, including administrative law organizations, city and county governments and bar associations. These organizations use the Journal Technologies family of products to help manage cases and information electronically, to interface with other critical justice partners and to extend electronic services to the public, including efiling and a website to pay traffic citations online, and bar members. These products are licensed to more than 500 42 Essentially all of the Company’s operations are based in California, Arizona, Colorado and Utah.

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation	6 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Basis of Accounting [Text Block]	Note 2 In the opinion of the Company, the accompanying interim unaudited consolidated financial statements contain all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of its financial position as of March 31, 2018, three six March 31, 2018 2017 six March 31, 2018. six March 31, 2018 not The consolidated financial statements included herein have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not 10 September 30, 2017. Certain reclassifications of previously reported amounts have been made to conform to the current year’s presentation.

Note 3 - Accounting Standards A

Note 3 - Accounting Standards Adopted in Fiscal 2018 and Recent Accounting Pronouncements	6 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note 3 2018 Accounting Standards Adopted in Fiscal 2018 In November 2015, No. 2015 17, Income Taxes (Topic 740 October 1, 2017 no In May 2014, No. 2014 09, Revenue from Contracts with Customers (ASC Topic 606 ) 606 October 1, 2017 The Company has concluded that the adoption of the ASC Topic 606 2018 no not not 606, no The adoption of ASC 606 no not In mid- February, 220 10, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ( “ AOCI ” ) December 15, 2018, first first January 1, 2018. not $19,960,000 Other Recent Accounting Pronouncements The Company will continue to evaluate the other new accounting pronouncements as detailed in its Annual Report on Form 10 September 30, 2017.

Note 4 - Revenue Recognition

Note 4 - Revenue Recognition	6 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Deferred Revenue Disclosure [Text Block]	Note 4 The Company recognizes revenues in accordance with the provisions of ASU No. 2014 09, Revenue from Contracts with Customers (ASC Topic 606 For the Traditional Business, proceeds from the sale of subscriptions for newspapers, court rule books and other publications and other services are recorded as deferred revenue and are included in earned revenue only when the services are provided, generally over the subscription term. Advertising revenues are recognized when advertisements are published and are net of agency commissions. Journal Technologies contracts may one third not third 12 606 Other public service fees are earned and recognized as revenues when the Company processes credit card payments on behalf of the courts via its websites through which the public can efile cases and pay traffic citations and other fees. Since the Company recognizes revenues when it can invoice the customer pursuant to the contract for the value of completed performance, as a practical expedient and because reliable estimates cannot be made, it has elected not not no not

Note 5 - Basic and Diluted Inco

Note 5 - Basic and Diluted Income Per Share	6 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 5 The Company does not

Note 6 - Investments in Marketa

Note 6 - Investments in Marketable Securities	6 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 6 Investments in marketable securities categorized as “available-for-sale” are stated at fair value. The Company uses quoted prices in active markets for identical assets (consistent with the Level 1 820, Fair Value Measurement March 31, 2018 September 30, 2017, $159,354,000 $165,872,000, $42,369,000 $64,550,000, three one Investments in equity securities and securities with fixed maturity as of March 31, 2018 September 30, 2017 March 31, 2018 September 30, 2017 (Unaudited) Aggregate fair value Amortized/ Adjusted cost basis Pretax unrealized gains Aggregate fair value Amortized/ Adjusted cost basis Pretax unrealized gains Marketable securities Common stocks $ 217,803,000 $ 58,449,000 $ 159,354,000 $ 220,973,000 $ 58,449,000 $ 162,524,000 Bonds --- --- --- 8,292,000 4,944,000 3,348,000 $ 217,803,000 $ 58,449,000 $ 159,354,000 $ 229,265,000 $ 63,393,000 $ 165,872,000 All investments are classified as “Current assets” because they are available for sale at any time. In February 2018, $8,125,000 $3,180,000 $30,000 As of March 31, 2018, not March 31, 2018,

Note 7 - Intangible Assets

Note 7 - Intangible Assets	6 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	Note 7 Intangible Assets March 31, 2018 September 30, 2017 Customer Relationships Developed Technology Total Customer Relationships Developed Technology Total Gross intangibles $ 21,950,000 $ 2,525,000 $ 24,475,000 $ 21,950,000 $ 2,525,000 $ 24,475,000 Accumulated amortization (20,812,000 ) (2,415,000 ) (23,227,000 ) (19,174,000 ) (2,243,000 ) (21,417,000 ) $ 1,138,000 $ 110,000 $ 1,248,000 $ 2,776,000 $ 282,000 $ 3,058,000 These intangible assets are being amortized over five 15 $1,810,000 six March 31, 2018, $2,447,000 one two 2013 first 2018.

Note 8 - Goodwill

Note 8 - Goodwill	6 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Goodwill Disclosure [Text Block]	Note 8 The Company accounts for goodwill in accordance with Accounting Standards Codification (ASC) 350, Intangibles — Goodwill and Other not 15 may not In addition, ASU 2011 08, Intangible – Goodwill and Others -- Testing Goodwill for Impairment no not second 2017 not no six March 31, 2018 2017.

Note 9 - Income Taxes

Note 9 - Income Taxes	6 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 9 The December 2017 35% 21%, January 1, 2018. 24.28% 15, $16 2018 24.28% 2018 21% $20 $20 For the six March 31, 2018, $16,950,000 $2,443,000. 2018 six March 31, 2018. During the prior fiscal year, on pretax loss of $3,042,000 six March 31, 2017, $4,550,000 2017 six March 31, 2017 $2,665,000 2013. 2014 no $743,000. $352,000, The Company’s effective tax rate was 694% 150% six March 31, 2018 2017, The Company files consolidated federal income tax returns in the United States and with various state jurisdictions and is no 2015 2013

Note 10 - Debts and Commitments

Note 10 - Debts and Commitments	6 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Commitments Disclosure [Text Block]	Note 10 During fiscal 2013, $29.5 two 50 March 31, 2018 2%. not In fiscal 2015, 30,700 1998 3.6 $1.24 $2.26 4.66% $17,600 2030. $2.01 March 31, 2018. The Company also owns its facilities in Los Angeles and leases space for its other offices under operating leases which expire at various dates through fiscal 2021. 2014, five October 2019) $25,000 6,200 2017, 9,800 August 2020) The Company is responsible for a portion of maintenance, insurance and property tax expenses relating to the leased properties. Rental expenses were $487,000 six March 31, 2018, $356,000

Note 11 - Contingencies

Note 11 - Contingencies	6 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 11 From time to time, the Company is subject to contingencies, including litigation, arising in the normal course of its business. While it is not not

Note 12 - Operating Segments

Note 12 - Operating Segments	6 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 12 The Company’s reportable segments are: (i) the Traditional Business and (ii) Journal Technologies. All inter-segment transactions were eliminated. Summarized financial information regarding the Company’s reportable segments is shown in the following table: Reportable Segments Traditional Business Journal Technologies Corporate income and expenses Total Six months ended March 31, 2018 Revenues Advertising $ 4,325,000 $ --- $ --- $ 4,325,000 Circulation 2,719,000 --- --- 2,719,000 Advertising service fees and other 1,261,000 --- --- 1,261,000 Licensing and maintenance fees --- 8,331,000 --- 8,331,000 Consulting fees --- 1,207,000 --- 1,207,000 Other public service fees --- 1,747,000 --- 1,747,000 Operating expenses 8,507,000 18,901,000 --- 27,408,000 Loss from operations (202,000 ) (7,616,000 ) --- (7,818,000 ) Dividends and interest income --- --- 2,507,000 2,507,000 Gains on sales of bonds and capital asset --- --- 3,182,000 3,182,000 Other income --- --- 19,000 19,000 Interest expenses on note payable collateralized by real estate (48,000 ) --- --- (48,000 ) Interest expenses on margin loans --- --- (285,000 ) (285,000 ) Pretax (loss) income (250,000 ) (7,616,000 ) 5,423,000 (2,443,000 ) Income tax benefit (expense) (785,000 ) (935,000 ) 18,670,000 16,950,000 Net income (loss) (1,035,000 ) (8,551,000 ) 24,093,000 14,507,000 Total assets 22,347,000 26,592,000 217,803,000 266,742,000 Capital expenditures 75,000 --- --- 75,000 Amortization of intangible assets --- 1,810,000 --- 1,810,000 Reportable Segments Traditional Business Journal Technologies Corporate income and expenses Total Six months ended March 31, 2017 Revenues Advertising $ 4,433,000 $ --- $ --- $ 4,433,000 Circulation 2,873,000 --- --- 2,873,000 Advertising service fees and other 1,333,000 --- --- 1,333,000 Licensing and maintenance fees --- 7,848,000 --- 7,848,000 Consulting fees --- 2,158,000 --- 2,158,000 Other public service fees --- 1,624,000 --- 1,624,000 Operating expenses 8,863,000 17,525,000 --- 26,388,000 Loss from operations (224,000 ) (5,895,000 ) --- (6,119,000 ) Dividends and interest income --- --- 2,539,000 2,539,000 Other income 21,000 --- --- 21,000 Interest expenses on note payable collateralized by real estate (51,000 ) --- --- (51,000 ) Interest expenses on margin loans --- --- (175,000 ) (175,000 ) Interest and penalty expense reversal for uncertain and unrecognized tax benefits --- 743,000 --- 743,000 Pretax (loss) income (254,000 ) (5,152,000 ) 2,364,000 (3,042,000 ) Income tax (expense) benefit (75,000 ) 5,120,000 (495,000 ) 4,550,000 Net income (loss) (329,000 ) (32,000 ) 1,869,000 1,508,000 Total assets 15,618,000 35,763,000 203,778,000 255,159,000 Capital expenditures 160,000 34,000 --- 194,000 Amortization of intangible assets --- 2,447,000 --- 2,447,000 Reportable Segments Traditional Business Journal Technologies Corporate income and expenses Total Three months ended March 31, 2018 Revenues Advertising $ 2,209,000 $ --- $ --- $ 2,209,000 Circulation 1,356,000 --- --- 1,356,000 Advertising service fees and other 659,000 --- --- 659,000 Licensing and maintenance fees --- 3,981,000 --- 3,981,000 Consulting fees --- 212,000 --- 212,000 Other public service fees --- 921,000 --- 921,000 Operating expenses 4,193,000 9,518,000 --- 13,711,000 Income (loss) from operations 31,000 (4,404,000 ) --- (4,373,000 ) Dividends and interest income --- --- 1,024,000 1,024,000 Gains on sales of bonds and capital asset --- --- 3,180,000 3,180,000 Other income --- --- 10,000 10,000 Interest expenses on note payable collateralized by real estate (24,000 ) --- --- (24,000 ) Interest expenses on margin loans --- --- (149,000 ) (149,000 ) Pretax (loss) income 7,000 (4,404,000 ) 4,065,000 (332,000 ) Income tax benefit (expense) (105,000 ) 1,250,000 (1,045,000 ) 100,000 Net income (loss) (98,000 ) (3,154,000 ) 3,020,000 (232,000 ) Total assets 22,347,000 26,592,000 217,803,000 266,742,000 Capital expenditures 41,000 --- --- 41,000 Amortization of intangible assets --- 748,000 --- 748,000 Reportable Segments Traditional Business Journal Technologies Corporate income and expenses Total Three months ended March 31, 2017 Revenues Advertising $ 2,123,000 $ --- $ --- $ 2,123,000 Circulation 1,424,000 --- --- 1,424,000 Advertising service fees and other 695,000 --- --- 695,000 Licensing and maintenance fees --- 3,882,000 --- 3,882,000 Consulting fees --- 1,310,000 --- 1,310,000 Other public service fees --- 845,000 --- 845,000 Operating expenses 4,463,000 9,082,000 --- 13,545,000 Loss from operations (221,000 ) (3,045,000 ) --- (3,266,000 ) Dividends and interest income --- --- 1,368,000 1,368,000 Other income 6,000 --- --- 6,000 Interest expenses on note payable collateralized by real estate (25,000 ) --- --- (25,000 ) Interest expenses on margin loans --- --- (96,000 ) (96,000 ) Interest and penalty expense reversal for uncertain and unrecognized tax benefits --- 752,000 --- 752,000 Pretax (loss) income (240,000 ) (2,293,000 ) 1,272,000 (1,261,000 ) Income tax (expense) benefit (75,000 ) 4,345,000 (30,000 ) 4,240,000 Net income (loss) (315,000 ) 2,052,000 1,242,000 2,979,000 Total assets 15,618,000 35,763,000 203,778,000 255,159,000 Capital expenditures --- 7,000 --- 7,000 Amortization of intangible assets --- 1,223,000 --- 1,223,000 During the six March 31, 2018, $8,305,000 $5,586,000 $2,719,000 $11,285,000 $3,353,000 $7,932,000 During the three March 31, 2018, $4,224,000 $2,868,000 $1,356,000 $5,114,000 $1,289,000 $3,825,000 Approximately 55% 58% three six March 31, 2018, 59% 57% 1% The following table sets forth certain deferred obligations from October 1, 2017 March 31, 2018: Beginning Balance Addition Recognized Ending Balance Deferred subscriptions $ 3,284,000 $ 2,552,000 $ (2,719,000 ) $ 3,117,000 Deferred installation contracts 5,072,000 2,623,000 (3,353,000 ) 4,342,000 Deferred maintenance agreements and others 10,201,000 7,221,000 (7,932,000 ) 9,490,000

Note 13 - Subsequent Events

Note 13 - Subsequent Events	6 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Subsequent Events [Text Block]	Note 13 The Company has completed an evaluation of all subsequent events through the issuance date of these financial statements and concluded that no

Note 6 - Investments in Marke19

Note 6 - Investments in Marketable Securities (Tables)	6 Months Ended
	Mar. 31, 2018
Notes Tables
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	March 31, 2018 September 30, 2017 (Unaudited) Aggregate fair value Amortized/ Adjusted cost basis Pretax unrealized gains Aggregate fair value Amortized/ Adjusted cost basis Pretax unrealized gains Marketable securities Common stocks $ 217,803,000 $ 58,449,000 $ 159,354,000 $ 220,973,000 $ 58,449,000 $ 162,524,000 Bonds --- --- --- 8,292,000 4,944,000 3,348,000 $ 217,803,000 $ 58,449,000 $ 159,354,000 $ 229,265,000 $ 63,393,000 $ 165,872,000

Note 7 - Intangible Assets (Tab

Note 7 - Intangible Assets (Tables)	6 Months Ended
	Mar. 31, 2018
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Intangible Assets March 31, 2018 September 30, 2017 Customer Relationships Developed Technology Total Customer Relationships Developed Technology Total Gross intangibles $ 21,950,000 $ 2,525,000 $ 24,475,000 $ 21,950,000 $ 2,525,000 $ 24,475,000 Accumulated amortization (20,812,000 ) (2,415,000 ) (23,227,000 ) (19,174,000 ) (2,243,000 ) (21,417,000 ) $ 1,138,000 $ 110,000 $ 1,248,000 $ 2,776,000 $ 282,000 $ 3,058,000

Note 12 - Operating Segments (T

Note 12 - Operating Segments (Tables)	6 Months Ended
	Mar. 31, 2018
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Reportable Segments Traditional Business Journal Technologies Corporate income and expenses Total Six months ended March 31, 2018 Revenues Advertising $ 4,325,000 $ --- $ --- $ 4,325,000 Circulation 2,719,000 --- --- 2,719,000 Advertising service fees and other 1,261,000 --- --- 1,261,000 Licensing and maintenance fees --- 8,331,000 --- 8,331,000 Consulting fees --- 1,207,000 --- 1,207,000 Other public service fees --- 1,747,000 --- 1,747,000 Operating expenses 8,507,000 18,901,000 --- 27,408,000 Loss from operations (202,000 ) (7,616,000 ) --- (7,818,000 ) Dividends and interest income --- --- 2,507,000 2,507,000 Gains on sales of bonds and capital asset --- --- 3,182,000 3,182,000 Other income --- --- 19,000 19,000 Interest expenses on note payable collateralized by real estate (48,000 ) --- --- (48,000 ) Interest expenses on margin loans --- --- (285,000 ) (285,000 ) Pretax (loss) income (250,000 ) (7,616,000 ) 5,423,000 (2,443,000 ) Income tax benefit (expense) (785,000 ) (935,000 ) 18,670,000 16,950,000 Net income (loss) (1,035,000 ) (8,551,000 ) 24,093,000 14,507,000 Total assets 22,347,000 26,592,000 217,803,000 266,742,000 Capital expenditures 75,000 --- --- 75,000 Amortization of intangible assets --- 1,810,000 --- 1,810,000 Reportable Segments Traditional Business Journal Technologies Corporate income and expenses Total Six months ended March 31, 2017 Revenues Advertising $ 4,433,000 $ --- $ --- $ 4,433,000 Circulation 2,873,000 --- --- 2,873,000 Advertising service fees and other 1,333,000 --- --- 1,333,000 Licensing and maintenance fees --- 7,848,000 --- 7,848,000 Consulting fees --- 2,158,000 --- 2,158,000 Other public service fees --- 1,624,000 --- 1,624,000 Operating expenses 8,863,000 17,525,000 --- 26,388,000 Loss from operations (224,000 ) (5,895,000 ) --- (6,119,000 ) Dividends and interest income --- --- 2,539,000 2,539,000 Other income 21,000 --- --- 21,000 Interest expenses on note payable collateralized by real estate (51,000 ) --- --- (51,000 ) Interest expenses on margin loans --- --- (175,000 ) (175,000 ) Interest and penalty expense reversal for uncertain and unrecognized tax benefits --- 743,000 --- 743,000 Pretax (loss) income (254,000 ) (5,152,000 ) 2,364,000 (3,042,000 ) Income tax (expense) benefit (75,000 ) 5,120,000 (495,000 ) 4,550,000 Net income (loss) (329,000 ) (32,000 ) 1,869,000 1,508,000 Total assets 15,618,000 35,763,000 203,778,000 255,159,000 Capital expenditures 160,000 34,000 --- 194,000 Amortization of intangible assets --- 2,447,000 --- 2,447,000 Reportable Segments Traditional Business Journal Technologies Corporate income and expenses Total Three months ended March 31, 2018 Revenues Advertising $ 2,209,000 $ --- $ --- $ 2,209,000 Circulation 1,356,000 --- --- 1,356,000 Advertising service fees and other 659,000 --- --- 659,000 Licensing and maintenance fees --- 3,981,000 --- 3,981,000 Consulting fees --- 212,000 --- 212,000 Other public service fees --- 921,000 --- 921,000 Operating expenses 4,193,000 9,518,000 --- 13,711,000 Income (loss) from operations 31,000 (4,404,000 ) --- (4,373,000 ) Dividends and interest income --- --- 1,024,000 1,024,000 Gains on sales of bonds and capital asset --- --- 3,180,000 3,180,000 Other income --- --- 10,000 10,000 Interest expenses on note payable collateralized by real estate (24,000 ) --- --- (24,000 ) Interest expenses on margin loans --- --- (149,000 ) (149,000 ) Pretax (loss) income 7,000 (4,404,000 ) 4,065,000 (332,000 ) Income tax benefit (expense) (105,000 ) 1,250,000 (1,045,000 ) 100,000 Net income (loss) (98,000 ) (3,154,000 ) 3,020,000 (232,000 ) Total assets 22,347,000 26,592,000 217,803,000 266,742,000 Capital expenditures 41,000 --- --- 41,000 Amortization of intangible assets --- 748,000 --- 748,000 Reportable Segments Traditional Business Journal Technologies Corporate income and expenses Total Three months ended March 31, 2017 Revenues Advertising $ 2,123,000 $ --- $ --- $ 2,123,000 Circulation 1,424,000 --- --- 1,424,000 Advertising service fees and other 695,000 --- --- 695,000 Licensing and maintenance fees --- 3,882,000 --- 3,882,000 Consulting fees --- 1,310,000 --- 1,310,000 Other public service fees --- 845,000 --- 845,000 Operating expenses 4,463,000 9,082,000 --- 13,545,000 Loss from operations (221,000 ) (3,045,000 ) --- (3,266,000 ) Dividends and interest income --- --- 1,368,000 1,368,000 Other income 6,000 --- --- 6,000 Interest expenses on note payable collateralized by real estate (25,000 ) --- --- (25,000 ) Interest expenses on margin loans --- --- (96,000 ) (96,000 ) Interest and penalty expense reversal for uncertain and unrecognized tax benefits --- 752,000 --- 752,000 Pretax (loss) income (240,000 ) (2,293,000 ) 1,272,000 (1,261,000 ) Income tax (expense) benefit (75,000 ) 4,345,000 (30,000 ) 4,240,000 Net income (loss) (315,000 ) 2,052,000 1,242,000 2,979,000 Total assets 15,618,000 35,763,000 203,778,000 255,159,000 Capital expenditures --- 7,000 --- 7,000 Amortization of intangible assets --- 1,223,000 --- 1,223,000
Deferred Revenue, by Arrangement, Disclosure [Table Text Block]	Beginning Balance Addition Recognized Ending Balance Deferred subscriptions $ 3,284,000 $ 2,552,000 $ (2,719,000 ) $ 3,117,000 Deferred installation contracts 5,072,000 2,623,000 (3,353,000 ) 4,342,000 Deferred maintenance agreements and others 10,201,000 7,221,000 (7,932,000 ) 9,490,000

Note 3 - Accounting Standards22

Note 3 - Accounting Standards Adopted in Fiscal 2018 and Recent Accounting Pronouncements (Details Textual)	Mar. 31, 2018USD ($)
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets	$ (19,960,000)

Note 6 - Investments in Marke23

Note 6 - Investments in Marketable Securities (Details Textual) - USD ($)	1 Months Ended
	Feb. 28, 2018	Mar. 31, 2018	Sep. 30, 2017
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax, Total		$ 159,354,000	$ 165,872,000
Deferred Tax Liabilities, Investments		42,369,000	64,550,000
Bonds [Member]
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax, Total			$ 3,348,000
Proceeds from Sale of Available-for-sale Securities, Total	$ 8,125,000
Debt Securities, Available-for-sale, Realized Gain (Loss), Total	3,180,000
Reclassification of Tax Effect from AOCI to Retained Earnings	$ 30,000

Note 6 - Investments in Marke24

Note 6 - Investments in Marketable Securities - Summary of Investments (Details) - USD ($)	Mar. 31, 2018	Sep. 30, 2017
Aggregate fair value	$ 217,803,000	$ 229,265,000
Amortized/Adjusted cost basis	58,449,000	63,393,000
Pretax unrealized gains	159,354,000	165,872,000
Common Stock [Member]
Aggregate fair value	217,803,000	220,973,000
Amortized/Adjusted cost basis	58,449,000	58,449,000
Pretax unrealized gains	159,354,000	162,524,000
Bonds [Member]
Aggregate fair value		8,292,000
Amortized/Adjusted cost basis		4,944,000
Pretax unrealized gains		$ 3,348,000

Note 7 - Intangible Assets (Det

Note 7 - Intangible Assets (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Finite-Lived Intangible Asset, Useful Life			5 years
Finite Lived Intangible Asset, Useful Life for Tax Purposes			15 years
Amortization of Intangible Assets, Total	$ 748,000	$ 1,223,000	$ 1,810,000	$ 2,447,000

Note 7 - Intangible Assets - Su

Note 7 - Intangible Assets - Summary of Intangible Assets (Details) - USD ($)	Mar. 31, 2018	Sep. 30, 2017
Gross intangibles	$ 24,475,000	$ 24,475,000
Accumulated amortization	(23,227,000)	(21,417,000)
	1,248,000	3,058,000
Customer Relationships [Member]
Gross intangibles	21,950,000	21,950,000
Accumulated amortization	(20,812,000)	(19,174,000)
	1,138,000	2,776,000
Developed Technology Rights [Member]
Gross intangibles	2,525,000	2,525,000
Accumulated amortization	(2,415,000)	(2,243,000)
	$ 110,000	$ 282,000

Note 8 - Goodwill (Details Text

Note 8 - Goodwill (Details Textual) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Sep. 30, 2017
Goodwill, Useful Life for Tax Purposes	15 years
Goodwill, Impairment Loss	$ 0	$ 0	$ 0

Note 9 - Income Taxes (Details

Note 9 - Income Taxes (Details Textual) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Sep. 30, 2018	Dec. 31, 2017
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%					35.00%
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability			$ (16,000,000)
Income Tax Expense (Benefit), Continuing Operations, Revaluation Differences in Deferred Taxes			(20,000,000)
Income Tax Expense (Benefit), Total	$ (100,000)	$ (4,240,000)	(16,950,000)	$ (4,550,000)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total			$ (2,443,000)	3,042,000
Liability For Uncertain Tax Positions, Reversal		2,665,000		2,665,000
Unrecognized Tax Benefits, Accumulated Reduction		$ 743,000		743,000
Deferred Tax Liability, Reversal				$ 352,000
Effective Income Tax Rate Reconciliation, Percent, Total			694.00%	150.00%
Domestic Tax Authority [Member] | Earliest Tax Year [Member]
Open Tax Year			2,015
State and Local Jurisdiction [Member] | Earliest Tax Year [Member]
Open Tax Year			2,013
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent					24.28%

Note 10 - Debts and Commitmen29

Note 10 - Debts and Commitments (Details Textual)	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Sep. 30, 2015USD ($)ft²a	Sep. 30, 2014USD ($)ft²	Sep. 30, 2013USD ($)	Sep. 30, 2017ft²
Payments to Acquire Property, Plant, and Equipment, Total	$ 41,000	$ 7,000	$ 75,000	$ 194,000
Operating Leases, Rent Expense, Total			$ 487,000	$ 356,000
San Francisco Office [Member]
Area of Real Estate Property | ft²						6,200
Lessee, Operating Lease, Renewal Term						5 years
Operating Lease, Monthly Rent						$ 25,000
Englewood, Colorado Office [member]
Area of Real Estate Property | ft²								9,800
Utah [Member] | Building [Member]
Area of Real Estate Property | ft²					30,700
Utah [Member] | Land [Member]
Area of Land | a					3.6
Utah [Member] | Land and Building [Member]
Payments to Acquire Property, Plant, and Equipment, Total					$ 1,240,000
Margin Account [Member]
Proceeds from Issuance of Debt							$ 29,500,000
Margin Account [Member] | Fed Funds Rate [Member]
Debt Instrument, Basis Spread on Variable Rate							0.50%
Debt Instrument, Interest Rate, Effective Percentage	2.00%		2.00%
Real Estate Bank Loan Secured by Logan Office [Member]
Loans Payable to Bank, Total	$ 2,010,000		$ 2,010,000		$ 2,260,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate					4.66%
Debt Instrument, Periodic Payment, Total					$ 17,600

Note 12 - Operating Segments (D

Note 12 - Operating Segments (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Product Concentration Risk [Member] | Sales Revenue, Net [Member]
Concentration Risk, Percentage	55.00%	59.00%	58.00%	57.00%
Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | Non-US [Member]
Concentration Risk, Percentage			1.00%
Traditional Business [Member]
Revenues, Total	$ 4,224,000		$ 8,305,000
Revenue Recognized Upon Completion of Services	2,868,000		5,586,000
Deferred Revenue, Revenue Recognized	1,356,000		2,719,000
Journal Technologies [Member]
Revenues, Total	5,114,000		11,285,000
Revenue Recognized Upon Completion of Services	1,289,000		3,353,000
Deferred Revenue, Revenue Recognized	$ 3,825,000		$ 7,932,000

Note 12 - Operating Segments -

Note 12 - Operating Segments - Summarized Financial Information for Reportable Segments (Details) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Sep. 30, 2017
Revenues	$ 9,338,000	$ 10,279,000	$ 19,590,000	$ 20,269,000
Operating expenses	13,711,000	13,545,000	27,408,000	26,388,000
Income (loss) from operations	(4,373,000)	(3,266,000)	(7,818,000)	(6,119,000)
Dividends and interest income	1,024,000	1,368,000	2,507,000	2,539,000
Gains on sales of bonds and capital asset	3,180,000		3,182,000
Other income	10,000	6,000	19,000	21,000
Pretax (loss) income	(332,000)	(1,261,000)	(2,443,000)	(3,042,000)
Income tax benefit (expense)	100,000	4,240,000	16,950,000	4,550,000
Net income	(232,000)	2,979,000	14,507,000	1,508,000
Total assets	266,742,000	255,159,000	266,742,000	255,159,000	$ 280,708,000
Capital expenditures	41,000	7,000	75,000	194,000
Amortization of intangible assets	748,000	1,223,000	1,810,000	2,447,000
Loss from operations	(4,373,000)	(3,266,000)	(7,818,000)	(6,119,000)
Reversal of accrued interest and penalty expense for uncertain and unrecognized tax benefits		752,000		743,000
Capital expenditures	41,000	7,000	75,000	194,000
Gain on sale of bonds	3,180,000		3,182,000
Real Estate Bank Loan Secured by Logan Office [Member]
Interest expense on debt	(24,000)	(25,000)	(48,000)	(51,000)
Margin Account [Member]
Interest expense on debt	(149,000)	(96,000)	(285,000)	(175,000)
Advertising [Member]
Revenues	2,209,000	2,123,000	4,325,000	4,433,000
Subscription and Circulation [Member]
Revenues	1,356,000	1,424,000	2,719,000	2,873,000
Advertising Service Fees and Other [Member]
Revenues	659,000	695,000	1,261,000	1,333,000
License and Maintenance [Member]
Revenues	3,981,000	3,882,000	8,331,000	7,848,000
Consulting Fees [Member]
Revenues	212,000	1,310,000	1,207,000	2,158,000
Service, Other [Member]
Revenues	921,000	845,000	1,747,000	1,624,000
Operating Segments [Member] | Traditional Business [Member]
Operating expenses	4,193,000	4,463,000	8,507,000	8,863,000
Income (loss) from operations	31,000	(221,000)	(202,000)	(224,000)
Dividends and interest income
Gains on sales of bonds and capital asset
Other income		6,000		21,000
Pretax (loss) income	7,000	(240,000)	(250,000)	(254,000)
Income tax benefit (expense)	(105,000)	(75,000)	(785,000)	(75,000)
Net income	(98,000)	(315,000)	(1,035,000)	(329,000)
Total assets	22,347,000	15,618,000	22,347,000	15,618,000
Capital expenditures	41,000		75,000	160,000
Amortization of intangible assets
Loss from operations	31,000	(221,000)	(202,000)	(224,000)
Reversal of accrued interest and penalty expense for uncertain and unrecognized tax benefits
Capital expenditures	41,000		75,000	160,000
Gain on sale of bonds
Operating Segments [Member] | Traditional Business [Member] | Real Estate Bank Loan Secured by Logan Office [Member]
Interest expense on debt	(24,000)	(25,000)	(48,000)	(51,000)
Operating Segments [Member] | Traditional Business [Member] | Margin Account [Member]
Interest expense on debt
Operating Segments [Member] | Traditional Business [Member] | Advertising [Member]
Revenues	2,209,000	2,123,000	4,325,000	4,433,000
Operating Segments [Member] | Traditional Business [Member] | Subscription and Circulation [Member]
Revenues	1,356,000	1,424,000	2,719,000	2,873,000
Operating Segments [Member] | Traditional Business [Member] | Advertising Service Fees and Other [Member]
Revenues	659,000	695,000	1,261,000	1,333,000
Operating Segments [Member] | Traditional Business [Member] | License and Maintenance [Member]
Revenues
Operating Segments [Member] | Traditional Business [Member] | Consulting Fees [Member]
Revenues
Operating Segments [Member] | Traditional Business [Member] | Service, Other [Member]
Revenues
Operating Segments [Member] | Journal Technologies [Member]
Operating expenses	9,518,000	9,082,000	18,901,000	17,525,000
Income (loss) from operations	(4,404,000)	(3,045,000)	(7,616,000)	(5,895,000)
Dividends and interest income
Gains on sales of bonds and capital asset
Other income
Pretax (loss) income	(4,404,000)	(2,293,000)	(7,616,000)	(5,152,000)
Income tax benefit (expense)	1,250,000	4,345,000	(935,000)	5,120,000
Net income	(3,154,000)	2,052,000	(8,551,000)	(32,000)
Total assets	26,592,000	35,763,000	26,592,000	35,763,000
Capital expenditures		7,000		34,000
Amortization of intangible assets	748,000	1,223,000	1,810,000	2,447,000
Loss from operations	(4,404,000)	(3,045,000)	(7,616,000)	(5,895,000)
Reversal of accrued interest and penalty expense for uncertain and unrecognized tax benefits		752,000		743,000
Capital expenditures		7,000		34,000
Gain on sale of bonds
Operating Segments [Member] | Journal Technologies [Member] | Real Estate Bank Loan Secured by Logan Office [Member]
Interest expense on debt
Operating Segments [Member] | Journal Technologies [Member] | Margin Account [Member]
Interest expense on debt
Operating Segments [Member] | Journal Technologies [Member] | Advertising [Member]
Revenues
Operating Segments [Member] | Journal Technologies [Member] | Subscription and Circulation [Member]
Revenues
Operating Segments [Member] | Journal Technologies [Member] | Advertising Service Fees and Other [Member]
Revenues
Operating Segments [Member] | Journal Technologies [Member] | License and Maintenance [Member]
Revenues	3,981,000	3,882,000	8,331,000	7,848,000
Operating Segments [Member] | Journal Technologies [Member] | Consulting Fees [Member]
Revenues	212,000	1,310,000	1,207,000	2,158,000
Operating Segments [Member] | Journal Technologies [Member] | Service, Other [Member]
Revenues	921,000	845,000	1,747,000	1,624,000
Corporate, Non-Segment [Member]
Operating expenses
Income (loss) from operations
Dividends and interest income	1,024,000	1,368,000	2,507,000	2,539,000
Gains on sales of bonds and capital asset	3,180,000		3,182,000
Other income	10,000		19,000
Pretax (loss) income	4,065,000	1,272,000	5,423,000	2,364,000
Income tax benefit (expense)	(1,045,000)	(30,000)	18,670,000	(495,000)
Net income	3,020,000	1,242,000	24,093,000	1,869,000
Total assets	217,803,000	203,778,000	217,803,000	203,778,000
Capital expenditures
Amortization of intangible assets
Loss from operations
Reversal of accrued interest and penalty expense for uncertain and unrecognized tax benefits
Capital expenditures
Gain on sale of bonds	3,180,000		3,182,000
Corporate, Non-Segment [Member] | Real Estate Bank Loan Secured by Logan Office [Member]
Interest expense on debt
Corporate, Non-Segment [Member] | Margin Account [Member]
Interest expense on debt	(149,000)	(96,000)	(285,000)	(175,000)
Corporate, Non-Segment [Member] | Advertising [Member]
Revenues
Corporate, Non-Segment [Member] | Subscription and Circulation [Member]
Revenues
Corporate, Non-Segment [Member] | Advertising Service Fees and Other [Member]
Revenues
Corporate, Non-Segment [Member] | License and Maintenance [Member]
Revenues
Corporate, Non-Segment [Member] | Consulting Fees [Member]
Revenues
Corporate, Non-Segment [Member] | Service, Other [Member]
Revenues

Note 12 - Operating Segments 32

Note 12 - Operating Segments - Deferred Revenue Obligations (Details)	6 Months Ended
	Mar. 31, 2018USD ($)
Subscription Arrangement [Member]
Deferred revenue	$ 3,284,000
Deferred Revenue, Additions	2,552,000
Deferred Revenue, Revenue Recognized	(2,719,000)
Deferred revenue	3,117,000
Deferred Installation Contracts [Member]
Deferred revenue	5,072,000
Deferred Revenue, Additions	2,623,000
Deferred Revenue, Revenue Recognized	(3,353,000)
Deferred revenue	4,342,000
Software Service, Support and Maintenance Arrangement [Member]
Deferred revenue	10,201,000
Deferred Revenue, Additions	7,221,000
Deferred Revenue, Revenue Recognized	(7,932,000)
Deferred revenue	$ 9,490,000