Daily Journal (DJCO) 10-Q 11 Feb 19 2019 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Dec. 31, 2018	Jan. 31, 2019
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 Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding (in shares)		1,380,746
Document Type	10-Q
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Dec. 31, 2018	Sep. 30, 2018
Current assets
Cash and cash equivalents	$ 6,691,000	$ 9,301,000
Marketable securities at fair value	183,656,000	212,296,000
Accounts receivable, less allowance for doubtful accounts of $200,000	7,033,000	4,803,000
Inventories	55,000	46,000
Prepaid expenses and other current assets	491,000	512,000
Income tax receivable	58,000	270,000
Total current assets	197,984,000	227,228,000
Property, plant and equipment, at cost
Land, buildings and improvements	16,472,000	16,422,000
Furniture, office equipment and computer software	2,911,000	2,877,000
Machinery and equipment	1,749,000	1,749,000
	21,132,000	21,048,000
Less accumulated depreciation	(9,981,000)	(9,828,000)
	11,151,000	11,220,000
Goodwill	13,400,000	13,400,000
Deferred income taxes - Federal	9,753,000	9,269,000
Deferred income taxes - State	2,828,000	2,881,000
	235,116,000	263,998,000
Current liabilities
Accounts payable	4,036,000	2,820,000
Accrued liabilities	3,804,000	4,402,000
Note payable collateralized by real estate	123,000	121,000
Total current liabilities	27,976,000	27,257,000
Long term liabilities
Investment margin account borrowings	29,493,000	29,493,000
Note payable collateralized by real estate	1,804,000	1,835,000
Deferred maintenance agreements	106,000	176,000
Accrued liabilities	180,000	170,000
Deferred income taxes	34,174,000	42,151,000
Total long term liabilities	65,757,000	73,825,000
Commitments and contingencies (Notes 9 and 10)
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 December 31, 2018 and September 30, 2018	14,000	14,000
Additional paid-in capital	1,755,000	1,755,000
Retained earnings	139,614,000	45,361,000
Accumulated other comprehensive income		115,786,000
Total shareholders' equity	141,383,000	162,916,000
	235,116,000	263,998,000
Subscription and Circulation [Member]
Current liabilities
Deferred revenue	2,947,000	3,174,000
Installation Contracts [Member]
Current liabilities
Deferred revenue	2,442,000	2,554,000
License and Maintenance [Member]
Current liabilities
Deferred revenue	$ 14,624,000	$ 14,186,000

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($)	Dec. 31, 2018	Sep. 30, 2018
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 (Unaudited) - USD ($)	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Revenue
Revenues	$ 10,428,000	$ 10,252,000
Costs and expenses
Salaries and employee benefits	8,655,000	8,197,000
Outside services	945,000	1,039,000
Postage and delivery expenses	204,000	217,000
Newsprint and printing expenses	176,000	212,000
Depreciation and amortization	153,000	1,218,000
Other general and administrative expenses	2,816,000	2,814,000
	12,949,000	13,697,000
Loss from operations	(2,521,000)	(3,445,000)
Other income (expense)
Dividends and interest income	1,530,000	1,483,000
Other income and capital gains	10,000	11,000
Net unrealized losses on investments	(28,640,000)
Loss before income taxes	(29,850,000)	(2,111,000)
Benefit from income taxes	8,317,000	16,850,000
Net (loss) income	$ (21,533,000)	$ 14,739,000
Weighted average number of common shares outstanding - basic and diluted (in shares)	1,380,746	1,380,746
Basic and diluted net (loss) income per share (in dollars per share)	$ (15.60)	$ 10.67
Comprehensive (loss) income
Net (loss) income	$ (21,533,000)	$ 14,739,000
Net increase in unrealized appreciation of marketable securities (net of taxes)		12,118,000
	(21,533,000)	26,857,000
Real Estate Bank Loan Secured by Logan Office [Member]
Other income (expense)
Interest expense on debt	(23,000)	(24,000)
Margin Account [Member]
Other income (expense)
Interest expense on debt	(206,000)	(136,000)
Advertising [Member]
Revenue
Revenues	2,192,000	2,116,000
Subscription and Circulation [Member]
Revenue
Revenues	1,338,000	1,363,000
Advertising Service Fees and Other [Member]
Revenue
Revenues	669,000	602,000
License and Maintenance [Member]
Revenue
Revenues	4,790,000	4,350,000
Consulting Fees [Member]
Revenue
Revenues	541,000	995,000
Service, Other [Member]
Revenue
Revenues	$ 898,000	$ 826,000

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Sep. 30, 2017	1,805,053	(424,307)
Balance at Sep. 30, 2017	$ 18,000	$ (4,000)	$ 1,755,000	$ 57,150,000	$ 100,822,000	$ 159,741,000
Net (loss) income				14,739,000		14,739,000
Unrealized gains on investments, net					12,118,000	12,118,000
Balance (in shares) at Dec. 31, 2017	1,805,053	(424,307)
Balance at Dec. 31, 2017	$ 18,000	$ (4,000)	1,755,000	71,889,000	112,940,000	186,598,000
Balance (in shares) at Sep. 30, 2018	1,805,053	(424,307)
Balance at Sep. 30, 2018	$ 18,000	$ (4,000)	1,755,000	45,361,000	115,786,000	162,916,000
Net (loss) income				(21,533,000)		(21,533,000)
Unrealized gains on investments, net
Balance (in shares) at Dec. 31, 2018	1,805,053	(424,307)
Balance at Dec. 31, 2018	$ 18,000	$ (4,000)	1,755,000	139,614,000		141,383,000
Adoption of new accounting pronouncement				$ 115,786,000	$ (115,786,000)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities
Net (loss) income	$ (21,533,000)	$ 14,739,000
Adjustments to reconcile net (loss) income to net cash used in operations
Depreciation and amortization	153,000	1,218,000
Net unrealized losses on investments	28,640,000
Deferred income taxes	(8,408,000)	(16,778,000)
Discounts earned on bonds		(1,000)
(Increase) decrease in current assets
Accounts receivable, net	(2,230,000)	1,166,000
Inventories	(9,000)
Prepaid expenses and other assets	21,000	157,000
Income tax receivable	212,000	(78,000)
Increase (decrease) in liabilities
Accounts payable	1,216,000	(98,000)
Accrued liabilities	(588,000)	(701,000)
Net cash used in operating activities	(2,497,000)	(814,000)
Cash flows from investing activities
Purchases of property, plant and equipment	(84,000)	(34,000)
Net cash used in investing activities	(84,000)	(34,000)
Cash flows from financing activities
Payment of real estate loan principal	(29,000)	(28,000)
Net cash used in financing activities	(29,000)	(28,000)
Decrease in cash and cash equivalents	(2,610,000)	(876,000)
Cash and cash equivalents
Beginning of period	9,301,000	3,384,000
End of period	6,691,000	2,508,000
Interest paid during period	152,000	169,000
Net income taxes (refunded) paid during period	(121,000)	6,000
Subscription and Circulation [Member]
Increase (decrease) in liabilities
Deferred revenue arrangements	(227,000)	(149,000)
License and Maintenance [Member]
Increase (decrease) in liabilities
Deferred revenue arrangements	368,000	419,000
Installation Contracts [Member]
Increase (decrease) in liabilities
Deferred revenue arrangements	$ (112,000)	$ (708,000)

Note 1 - The Corporation and Op

Note 1 - The Corporation and Operations	3 Months Ended
	Dec. 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 web sites covering California and Arizona and produces several specialized information services. It also serves as a newspaper representative specializing in public notice advertising. This is sometimes referred to as the Company’s Traditional Business”. 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	3 Months Ended
	Dec. 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 December 31, 2018, three December 31, 2018 2017. three December 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, 2018. 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 2019 and Recent Accounting Pronouncements	3 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Note 3 2019 Accounting Standards Adopted in Fiscal 201 9 On October 1, 2018, No. 2016 01, Financial Instruments – Overall (Subtopic 825 10 $21,533,000 three December 31, 2018, $28,640,000. 2016 01 $115,786,000 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, 2018.

Note 4 - Revenue Recognition

Note 4 - Revenue Recognition	3 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Revenue from Contract with Customer [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 October 1, 2017, For the Company’s 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 The adoption of ASC 606 no not 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	3 Months Ended
	Dec. 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	3 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 6 All investments are classified as “Current assets” because they are available for sale at any time. These “available-for-sale” marketable securities 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 As of December 31, 2018, $129,767,000 No. 2016 01, 825 10, 3, $28,640,000 three December 31, 2018. September 30, 2018, $158,407,000 $42,151,000 three one Investments in equity securities as of December 31, 2018 September 30, 2018 Investment s in Financial Instruments December 31, 2018 September 30, 2018 Aggregate fair value Amortized/ Adjusted cost basis Pretax net unrealized gains Aggregate fair value Amortized/ Adjusted cost basis Pretax net unrealized gains Marketable securities $ 183,656,000 $ 53,889,000 $ 129,767,000 $ 212,296,000 $ 53,889,000 $ 158,407,000 As of December 31, 2018, not December 31, 2018,

Note 7 - Goodwill

Note 7 - Goodwill	3 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Goodwill Disclosure [Text Block]	Note 7 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 2018 not no three December 31, 2018 2017.

Note 8 - Income Taxes

Note 8 - Income Taxes	3 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 8 For the three December 31, 2018, $8,317,000 $29,850,000. 2019 three December 31, 2018. During the prior fiscal year, the December 2017 35% 21%. 2018 24.28% 15, $16 2018 24.28% 2018 21% $20 $20 $2,111,000 three December 31, 2017, $16,850,000. 2018 three December 31, 2017. The Company’s effective tax rate was 28% three December 31, 2018 798% The Company files consolidated federal income tax returns in the United States and with various state jurisdictions and is no 2015 2013

Note 9 - Debts and Commitments

Note 9 - Debts and Commitments	3 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Commitments Disclosure [Text Block]	Note 9 During fiscal 2013, $29.5 two 50 December 31, 2018 3%. not In 2015, 30,700 1998 3.6 $1.24 $2.26 4.66% $17,600 2030. $1.93 December 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 31, 2019 $28,000 6,200 2017, 9,800 August 2020) $21,000. The Company is responsible for a portion of maintenance, insurance and property tax expenses relating to the leased properties. Rental expenses were $258,000 three December 31, 2018, $237,000

Note 10 - Contingencies

Note 10 - Contingencies	3 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 10 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 11 - Operating Segments

Note 11 - Operating Segments	3 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 11 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 Three months ended December 31, 2018 Revenues Advertising $ 2,192,000 $ --- $ --- $ 2,192,000 Circulation 1,338,000 --- --- 1,338,000 Advertising service fees and other 669,000 --- --- 669,000 Licensing and maintenance fees --- 4,790,000 --- 4,790,000 Consulting fees --- 541,000 --- 541,000 Other public service fees --- 898,000 --- 898,000 Operating expenses 4,208,000 8,741,000 --- 12,949,000 Loss from operations (9,000 ) (2,512,000 ) --- (2,521,000 ) Dividends and interest income --- --- 1,530,000 1,530,000 Other income --- --- 10,000 10,000 Net unrealized losses on investments --- --- (28,640,000 ) (28,640,000 ) Interest expenses on note payable collateralized by real estate (23,000 ) --- --- (23,000 ) Interest expenses on margin loans --- --- (206,000 ) (206,000 ) Pretax (loss) income (32,000 ) (2,512,000 ) (27,306,000 ) (29,850,000 ) Income tax benefit (expense) 80,000 585,000 7,652,000 8,317,000 Net income (loss) 48,000 (1,927,000 ) (19,654,000 ) (21,533,000 ) Total assets 18,702,000 30,571,000 185,843,000 235,116,000 Capital expenditures 50,000 34,000 --- 84,000 Reportable Segments Traditional Business Journal Technologies Corporate income and expenses Total Three months ended December 31, 2017 Revenues Advertising $ 2,116,000 $ --- $ --- $ 2,116,000 Circulation 1,363,000 --- --- 1,363,000 Advertising service fees and other 602,000 --- --- 602,000 Licensing and maintenance fees --- 4,350,000 --- 4,350,000 Consulting fees --- 995,000 --- 995,000 Other public service fees --- 826,000 --- 826,000 Operating expenses 4,314,000 9,383,000 --- 13,697,000 Loss from operations (233,000 ) (3,212,000 ) --- (3,445,000 ) Dividends and interest income --- --- 1,483,000 1,483,000 Other income and capital gains --- --- 11,000 11,000 Interest expenses on note payable collateralized by real estate (24,000 ) --- --- (24,000 ) Interest expenses on margin loans --- --- (136,000 ) (136,000 ) Pretax (loss) income (257,000 ) (3,212,000 ) 1,358,000 (2,111,000 ) Income tax benefit (expense) (680,000 ) (2,185,000 ) 19,715,000 16,850,000 Net income (loss) (937,000 ) (5,397,000 ) 21,073,000 14,739,000 Total assets 17,259,000 26,768,000 245,863,000 289,890,000 Capital expenditures 34,000 --- --- 34,000 Amortization of intangible assets --- 1,062,000 --- 1,062,000 During the three December 31, 2018, $4,199,000 $2,861,000 $1,338,000 $6,229,000 $1,935,000 $4,294,000 Approximately 60% three December 31, 2018 60% 1% The following table sets forth certain deferred obligations from October 1, 2018 December 31, 2018: Beginning Balance Addition Recognized Ending Balance Deferred subscriptions $ 3,174,000 $ 1,111,000 $ (1,338,000 ) $ 2,947,000 Deferred installation contracts 2,554,000 925,000 (1,037,000 ) 2,442,000 Deferred maintenance agreements and others 14,362,000 4,662,000 (4,294,000 ) 14,730,000

Note 12 - Subsequent Events

Note 12 - Subsequent Events	3 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Subsequent Events [Text Block]	Note 12 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 Marke_2

Note 6 - Investments in Marketable Securities (Tables)	3 Months Ended
	Dec. 31, 2018
Notes Tables
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	December 31, 2018 September 30, 2018 Aggregate fair value Amortized/ Adjusted cost basis Pretax net unrealized gains Aggregate fair value Amortized/ Adjusted cost basis Pretax net unrealized gains Marketable securities $ 183,656,000 $ 53,889,000 $ 129,767,000 $ 212,296,000 $ 53,889,000 $ 158,407,000

Note 11 - Operating Segments (T

Note 11 - Operating Segments (Tables)	3 Months Ended
	Dec. 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 Three months ended December 31, 2018 Revenues Advertising $ 2,192,000 $ --- $ --- $ 2,192,000 Circulation 1,338,000 --- --- 1,338,000 Advertising service fees and other 669,000 --- --- 669,000 Licensing and maintenance fees --- 4,790,000 --- 4,790,000 Consulting fees --- 541,000 --- 541,000 Other public service fees --- 898,000 --- 898,000 Operating expenses 4,208,000 8,741,000 --- 12,949,000 Loss from operations (9,000 ) (2,512,000 ) --- (2,521,000 ) Dividends and interest income --- --- 1,530,000 1,530,000 Other income --- --- 10,000 10,000 Net unrealized losses on investments --- --- (28,640,000 ) (28,640,000 ) Interest expenses on note payable collateralized by real estate (23,000 ) --- --- (23,000 ) Interest expenses on margin loans --- --- (206,000 ) (206,000 ) Pretax (loss) income (32,000 ) (2,512,000 ) (27,306,000 ) (29,850,000 ) Income tax benefit (expense) 80,000 585,000 7,652,000 8,317,000 Net income (loss) 48,000 (1,927,000 ) (19,654,000 ) (21,533,000 ) Total assets 18,702,000 30,571,000 185,843,000 235,116,000 Capital expenditures 50,000 34,000 --- 84,000 Reportable Segments Traditional Business Journal Technologies Corporate income and expenses Total Three months ended December 31, 2017 Revenues Advertising $ 2,116,000 $ --- $ --- $ 2,116,000 Circulation 1,363,000 --- --- 1,363,000 Advertising service fees and other 602,000 --- --- 602,000 Licensing and maintenance fees --- 4,350,000 --- 4,350,000 Consulting fees --- 995,000 --- 995,000 Other public service fees --- 826,000 --- 826,000 Operating expenses 4,314,000 9,383,000 --- 13,697,000 Loss from operations (233,000 ) (3,212,000 ) --- (3,445,000 ) Dividends and interest income --- --- 1,483,000 1,483,000 Other income and capital gains --- --- 11,000 11,000 Interest expenses on note payable collateralized by real estate (24,000 ) --- --- (24,000 ) Interest expenses on margin loans --- --- (136,000 ) (136,000 ) Pretax (loss) income (257,000 ) (3,212,000 ) 1,358,000 (2,111,000 ) Income tax benefit (expense) (680,000 ) (2,185,000 ) 19,715,000 16,850,000 Net income (loss) (937,000 ) (5,397,000 ) 21,073,000 14,739,000 Total assets 17,259,000 26,768,000 245,863,000 289,890,000 Capital expenditures 34,000 --- --- 34,000 Amortization of intangible assets --- 1,062,000 --- 1,062,000
Contract with Customer, Asset and Liability [Table Text Block]	Beginning Balance Addition Recognized Ending Balance Deferred subscriptions $ 3,174,000 $ 1,111,000 $ (1,338,000 ) $ 2,947,000 Deferred installation contracts 2,554,000 925,000 (1,037,000 ) 2,442,000 Deferred maintenance agreements and others 14,362,000 4,662,000 (4,294,000 ) 14,730,000

Note 3 - Accounting Standards_2

Note 3 - Accounting Standards Adopted in Fiscal 2019 and Recent Accounting Pronouncements (Details Textual) - USD ($)	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Oct. 01, 2018
Net Income (Loss) Attributable to Parent, Total	$ (21,533,000)	$ 14,739,000
Unrealized Gain (Loss) on Investments, Total	(28,640,000)
Cumulative Effect of New Accounting Principle in Period of Adoption
AOCI Attributable to Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	(115,786,000)
Retained Earnings [Member]
Net Income (Loss) Attributable to Parent, Total	(21,533,000)	$ 14,739,000
Cumulative Effect of New Accounting Principle in Period of Adoption	$ 115,786,000
Accounting Standards Update 2016-01 [Member] | AOCI Attributable to Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption			$ (115,786,000)
Accounting Standards Update 2016-01 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption			$ 115,786,000

Note 6 - Investments in Marke_3

Note 6 - Investments in Marketable Securities (Details Textual) - USD ($)	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Sep. 30, 2018
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax, Total	$ 129,767,000		$ 158,407,000
Unrealized Gain (Loss) on Investments, Total	$ (28,640,000)
Deferred Tax Liabilities, Investments			$ 42,151,000

Note 6 - Investments in Marke_4

Note 6 - Investments in Marketable Securities - Summary of Investments (Details) - USD ($)	Dec. 31, 2018	Sep. 30, 2018
Aggregate fair value	$ 183,656,000	$ 212,296,000
Amortized/Adjusted cost basis	53,889,000	53,889,000
Pretax unrealized gains	$ 129,767,000	$ 158,407,000

Note 7 - Goodwill (Details Text

Note 7 - Goodwill (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Mar. 31, 2018	Sep. 30, 2017
Goodwill, Useful Life for Tax Purposes			15 years
Goodwill, Impairment Loss	$ 0	$ 0		$ 0

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual) - USD ($)	Jan. 01, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2017
Income Tax Expense (Benefit), Total		$ (8,317,000)	$ (16,850,000)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total		$ 29,850,000	$ 2,111,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	24.28%		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)
Effective Income Tax Rate Reconciliation, Percent, Total		28.00%	798.00%
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

Note 9 - Debts and Commitments

Note 9 - Debts and Commitments (Details Textual)	1 Months Ended	3 Months Ended		12 Months Ended
	Nov. 30, 2015USD ($)ft²a	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Sep. 30, 2013USD ($)	Sep. 30, 2017ft²	Sep. 30, 2014ft²
Payments to Acquire Property, Plant, and Equipment, Total		$ 84,000	$ 34,000
Operating Leases, Rent Expense, Net, Total		258,000	$ 237,000
San Francisco Office [Member]
Area of Real Estate Property | ft²						6,200
Lessee, Operating Lease, Renewal Term						5 years
Operating Lease, Monthly Rent		28,000
Englewood, Colorado Office [member]
Area of Real Estate Property | ft²					9,800
Operating Lease, Monthly Rent		$ 21,000
UTAH | Building [Member]
Area of Real Estate Property | ft²	30,700
UTAH | Land [Member]
Area of Land | a	3.6
UTAH | 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		3.00%
Real Estate Bank Loan Secured by Logan Office [Member]
Loans Payable to Bank, Total	$ 2,260,000	$ 1,930,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	4.66%
Debt Instrument, Periodic Payment, Total	$ 17,600

Note 11 - Operating Segments (D

Note 11 - Operating Segments (Details Textual) - USD ($)	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Revenue from Contract with Customer, Including Assessed Tax	$ 10,428,000	$ 10,252,000
Product Concentration Risk [Member] | Sales Revenue, Net [Member]
Concentration Risk, Percentage	60.00%	60.00%
Product Concentration Risk [Member] | Sales Revenue, Net [Member] | Non-US [Member]
Concentration Risk, Percentage	1.00%
Traditional Business [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 4,199,000
Traditional Business [Member] | Transferred at Point in Time [Member]
Revenue from Contract with Customer, Including Assessed Tax	2,861,000
Traditional Business [Member] | Transferred over Time [Member]
Revenue from Contract with Customer, Including Assessed Tax	1,338,000
Journal Technologies [Member]
Revenue from Contract with Customer, Including Assessed Tax	6,229,000
Journal Technologies [Member] | Transferred at Point in Time [Member]
Revenue from Contract with Customer, Including Assessed Tax	1,935,000
Journal Technologies [Member] | Transferred over Time [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 4,294,000

Note 11 - Reportable Segments -

Note 11 - Reportable Segments - Summarized Financial Information for Reportable Segments (Details) - USD ($)	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Sep. 30, 2018
Revenues	$ 10,428,000	$ 10,252,000
Operating expenses	12,949,000	13,697,000
Loss from operations	(2,521,000)	(3,445,000)
Dividends and interest income	1,530,000	1,483,000
Other income	10,000
Net unrealized losses on investments	(28,640,000)
Pretax (loss) income	(29,850,000)	(2,111,000)
Income tax benefit (expense)	8,317,000	16,850,000
Net (loss) income	(21,533,000)	14,739,000
Total assets	235,116,000	289,890,000	$ 263,998,000
Capital expenditures	84,000	34,000
Other income and capital gains	10,000	11,000
Payments to Acquire Property, Plant, and Equipment, Total	84,000	34,000
Amortization of intangible assets		1,062,000
Real Estate Bank Loan Secured by Logan Office [Member]
Interest expense on debt	(23,000)	(24,000)
Margin Account [Member]
Interest expense on debt	(206,000)	(136,000)
Advertising [Member]
Revenues	2,192,000	2,116,000
Subscription and Circulation [Member]
Revenues	1,338,000	1,363,000
Advertising Service Fees and Other [Member]
Revenues	669,000	602,000
License and Maintenance [Member]
Revenues	4,790,000	4,350,000
Consulting Fees [Member]
Revenues	541,000	995,000
Service, Other [Member]
Revenues	898,000	826,000
Traditional Business [Member]
Revenues	4,199,000
Journal Technologies [Member]
Revenues	6,229,000
Operating Segments [Member] | Traditional Business [Member]
Operating expenses	4,208,000	4,314,000
Loss from operations	(9,000)	(233,000)
Dividends and interest income
Other income
Net unrealized losses on investments
Pretax (loss) income	(32,000)	(257,000)
Income tax benefit (expense)	80,000	(680,000)
Net (loss) income	48,000	(937,000)
Total assets	18,702,000	17,259,000
Capital expenditures	50,000	34,000
Other income and capital gains
Payments to Acquire Property, Plant, and Equipment, Total	50,000	34,000
Amortization of intangible assets
Operating Segments [Member] | Traditional Business [Member] | Real Estate Bank Loan Secured by Logan Office [Member]
Interest expense on debt	(23,000)	(24,000)
Operating Segments [Member] | Traditional Business [Member] | Margin Account [Member]
Interest expense on debt
Operating Segments [Member] | Traditional Business [Member] | Advertising [Member]
Revenues	2,192,000	2,116,000
Operating Segments [Member] | Traditional Business [Member] | Subscription and Circulation [Member]
Revenues	1,338,000	1,363,000
Operating Segments [Member] | Traditional Business [Member] | Advertising Service Fees and Other [Member]
Revenues	669,000	602,000
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	8,741,000	9,383,000
Loss from operations	(2,512,000)	(3,212,000)
Dividends and interest income
Other income
Net unrealized losses on investments
Pretax (loss) income	(2,512,000)	(3,212,000)
Income tax benefit (expense)	585,000	(2,185,000)
Net (loss) income	(1,927,000)	(5,397,000)
Total assets	30,571,000	26,768,000
Capital expenditures	34,000
Other income and capital gains
Payments to Acquire Property, Plant, and Equipment, Total	34,000
Amortization of intangible assets		1,062,000
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	4,790,000	4,350,000
Operating Segments [Member] | Journal Technologies [Member] | Consulting Fees [Member]
Revenues	541,000	995,000
Operating Segments [Member] | Journal Technologies [Member] | Service, Other [Member]
Revenues	898,000	826,000
Corporate, Non-Segment [Member]
Operating expenses
Loss from operations
Dividends and interest income	1,530,000	1,483,000
Other income	10,000
Net unrealized losses on investments	(28,640,000)
Pretax (loss) income	(27,306,000)	1,358,000
Income tax benefit (expense)	7,652,000	19,715,000
Net (loss) income	(19,654,000)	21,073,000
Total assets	185,843,000	245,863,000
Capital expenditures
Other income and capital gains		11,000
Payments to Acquire Property, Plant, and Equipment, Total
Amortization of intangible assets
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	(206,000)	(136,000)
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 11 - Operating Segments -

Note 11 - Operating Segments - Deferred Revenue Obligations (Details)	3 Months Ended
	Dec. 31, 2018USD ($)
Subscription and Circulation [Member]
Deferred revenue	$ 3,174,000
Deferred Revenue, Additions	1,111,000
Deferred Revenue, Revenue Recognized	(1,338,000)
Deferred revenue	2,947,000
Installation Contracts [Member]
Deferred revenue	2,554,000
Deferred Revenue, Additions	925,000
Deferred Revenue, Revenue Recognized	(1,037,000)
Deferred revenue	2,442,000
License and Maintenance [Member]
Deferred revenue	14,362,000
Deferred Revenue, Additions	4,662,000
Deferred Revenue, Revenue Recognized	(4,294,000)
Deferred revenue	$ 14,730,000