Daily Journal (DJCO) 10-K 30 Dec 24 2024 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Sep. 30, 2024	Nov. 30, 2024	Mar. 31, 2024
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	0-14665
Entity Registrant Name	DAILY JOURNAL CORPORATION
Entity Incorporation, State or Country Code	SC
Entity Tax Identification Number	95-4133299
Entity Address, Address Line One	915 East First Street
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90012
City Area Code	213
Local Phone Number	229-5300
Title of 12(b) Security	Common Stock
Trading Symbol	DJCO
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 497,910,000
Entity Common Stock, Shares Outstanding (in shares)		1,377,026
Auditor Name	Baker Tilly US, LLP
Auditor Firm ID	23
Auditor Location	Irvine, California
Entity Central Index Key	0000783412
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Current assets
Cash and cash equivalents	$ 12,986,000	$ 20,844,000
Restricted cash	2,191,000	2,100,000
Non-qualified deferred compensation plan – trust account asset value	748,000	194,000
Marketable securities at fair value -- common stocks	358,691,000	303,128,000
Accounts receivable, less allowance for doubtful accounts of $250,000 at September 30, 2024 and 2023	19,219,000	18,687,000
Inventories	15,000	72,000
Prepaid expenses and other current assets	612,000	380,000
Income tax receivable	33,000
Total current assets	394,495,000	345,405,000
Property, plant and equipment, at cost
Land, buildings and improvements	16,418,000	16,400,000
Furniture, office equipment and computer software	1,723,000	1,703,000
Machinery and equipment	1,521,000	1,521,000
Property, Plant and Equipment, Gross	19,662,000	19,624,000
Less accumulated depreciation	(10,520,000)	(10,264,000)
Property, Plant and Equipment, Net	9,142,000	9,360,000
Operating lease right-of-use assets	126,000	95,000
Total assets	403,763,000	354,860,000
Current liabilities
Accounts payable	6,049,000	6,643,000
Accrued liabilities	8,517,000	8,789,000
Income tax payable	0	1,069,000
Note payable collateralized by real estate	164,000	158,000
Total current liabilities	38,443,000	42,198,000
Long term liabilities
Investment margin account borrowings	27,500,000	75,000,000
Note payable collateralized by real estate	956,000	1,120,000
Deferred maintenance agreements	883,000	1,000,000
Accrued liabilities	3,772,000	4,274,000
Accrued non-qualified deferred compensation	784,000	200,000
Deferred income taxes	52,641,000	30,599,000
Total long-term liabilities	86,536,000	112,193,000
Commitments and Contingencies
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 427,627 and 428,027 treasury shares, at September 30, 2024, and 2023, respectively	14,000	14,000
Additional paid-in capital	1,957,000	1,755,000
Retained earnings	276,813,000	198,700,000
Total shareholders' equity	278,784,000	200,469,000
Total liabilities and shareholders’ equity	403,763,000	354,860,000
Subscription and Circulation [Member]
Current liabilities
Deferred revenue	2,558,000	2,678,000
Professional Fees [Member]
Current liabilities
Deferred revenue	2,031,000	5,828,000
License and Maintenance [Member]
Current liabilities
Deferred revenue	$ 19,124,000	$ 17,033,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Accounts receivable, allowance for doubtful accounts	$ 250,000	$ 250,000
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
Treasury Stock, Common, Shares (in shares)	427,627	428,027

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Revenues
Revenues	$ 69,931,000	$ 67,709,000
Costs and expenses
Salaries and employee benefits	47,178,000	43,450,000
Stock based compensation	202,000
Decrease to the long-term supplemental compensation accrual	(495,000)	(295,000)
Agency commissions	1,146,000	1,018,000
Outside services	7,151,000	6,768,000
Postage and delivery expenses	752,000	684,000
Newsprint and printing expenses	669,000	795,000
Depreciation and amortization	267,000	279,000
Equipment maintenance and software	1,574,000	1,315,000
Credit card merchant discount fees	2,237,000	1,938,000
Rent expenses	303,000	289,000
Accounting and legal fees	1,026,000	940,000
Other general and administrative expenses	3,851,000	3,876,000
Total costs and expenses	65,861,000	61,057,000
Income from operations	4,070,000	6,652,000
Other income (expenses)
Dividends and interest income	7,102,000	8,340,000
Net realized and unrealized gains on investments	96,142,000	17,446,000
Net unrealized gains (losses) on non-qualified deferred compensation plan	47,000	(4,000)
Gains on sale of capital assets	4,000
Income before taxes	104,278,000	28,102,000
Provision for income taxes	(26,165,000)	(6,650,000)
Net income	$ 78,113,000	$ 21,452,000
Weighted average number of common shares outstanding – basic and diluted (in shares)	1,377,026	1,377,026
Basic and diluted net income per share (in dollars per share)	$ 56.73	$ 15.58
Comprehensive income	$ 78,113,000	$ 21,452,000
Real Estate Bank Loan Secured by Logan Office [Member]
Other income (expenses)
Interest expense on debt	(69,000)	(77,000)
Margin Account [Member]
Other income (expenses)
Interest expense on debt	(3,018,000)	(4,255,000)
Advertising [Member]
Revenues
Revenues	9,325,000	8,955,000
Subscription and Circulation [Member]
Revenues
Revenues	4,462,000	4,403,000
Advertising Service Fees and Other [Member]
Revenues
Revenues	3,039,000	2,895,000
License and Maintenance [Member]
Revenues
Revenues	28,265,000	23,503,000
Consulting Fees [Member]
Revenues
Revenues	15,086,000	19,776,000
Service, Other [Member]
Revenues
Revenues	$ 9,754,000	$ 8,177,000

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($)	Common Stock [Member]	Treasury Stock, Common [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Sep. 30, 2022	1,805,053	(428,027)
Balance at Sep. 30, 2022	$ 18,000	$ (4,000)	$ 1,755,000	$ 177,248,000	$ 179,017,000
Net income				21,452,000	21,452,000
Balance (in shares) at Sep. 30, 2023	1,805,053	(428,027)
Balance at Sep. 30, 2023	$ 18,000	$ (4,000)	1,755,000	198,700,000	200,469,000
Net income				78,113,000	78,113,000
Issuance of treasury stock (in shares)		400
Issuance of treasury stock			202,000		202,000
Balance (in shares) at Sep. 30, 2024	1,805,053	(427,627)
Balance at Sep. 30, 2024	$ 18,000	$ (4,000)	$ 1,957,000	$ 276,813,000	$ 278,784,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net income	$ 78,113,000	$ 21,452,000
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Stock-based compensation	202,000
Depreciation and amortization	267,000	279,000
Gains on sales of capital assets	(4,000)
Net realized and Unrealized gains on marketable securities	(96,142,000)	(17,446,000)
Stock dividends		(2,978,000)
Deferred income taxes	22,042,000	5,326,000
(Increase) decrease in current assets
Accounts receivable, net	(532,000)	(1,756,000)
Inventories	57,000	(16,000)
Prepaid expenses and other assets	(263,000)	80,000
Income tax receivable	(33,000)	1,019,000
Increase (decrease) in liabilities
Accounts payable	(594,000)	1,581,000
Accrued liabilities, including non-qualified deferred compensation	(190,000)	1,650,000
Income tax payable	(1,069,000)	1,069,000
Net cash (used in) provided by operating activities	(89,000)	15,084,000
Cash flows from investing activities
Sales of marketable securities	40,579,000	2,826,000
Purchases of marketable securities		(10,001,000)
Gains on sales of capital assets	4,000
Purchases of property, plant and equipment, net	49,000	86,000
Net cash provided by (used in) investing activities	40,534,000	(7,261,000)
Cash flows from financing activities
Proceeds from margin loan borrowing		6,011,000
Payment to margin loan borrowing	(47,500,000)	(6,011,000)
Payment of real estate loan principal	(158,000)	(153,000)
Net cash used in financing activities	(47,658,000)	(153,000)
(Decrease) increase in cash and cash equivalents and restricted cash	(7,213,000)	7,670,000
Cash and cash equivalents and restricted cash
Cash and Cash equivalents	20,844,000	13,423,000
Restricted cash	2,100,000	2,045,000
Non-qualified deferred compensation plan – trust account asset value	194,000
End of year	15,925,000	23,138,000
Interest paid during year	3,050,000	4,269,000
Income taxes paid during year	5,128,000	806,000
Subscription and Circulation [Member]
Increase (decrease) in liabilities
Deferred liability	(120,000)	(1,000)
Professional Fees [Member]
Increase (decrease) in liabilities
Deferred liability	(3,797,000)	(566,000)
License and Maintenance [Member]
Increase (decrease) in liabilities
Deferred liability	$ 1,974,000	$ 5,391,000

Note 1 - The Company and Operat

Note 1 - The Company and Operations	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. THE COMPANY AND OPERATIONS Daily Journal Corporation (“Daily Journal” or “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. This is sometimes referred to as the Company’s “Traditional Business”. Journal Technologies, Inc. (“Journal Technologies”), a wholly-owned subsidiary of Daily Journal, 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 e-filing and a website to pay traffic citations and fees online. These products are licensed or subscribed to in approximately 32 states and internationally. Essentially all of the Company’s U.S. operations are based in California, Arizona and Utah. The Company also has a presence in Australia where Journal Technologies is working on three software installation projects and in British Columbia, Canada, where the Company established a wholly-owned subsidiary, Journal Technologies (Canada) Inc., since August 2022.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation: Certain reclassifications of previously reported amounts have been made to conform to the current year’s presentation. Concentrations of Credit Risk: The Company maintains the reserve account for estimated losses resulting from the inability of its customers to make required payments. If the financial condition of its customers were to deteriorate or its judgments about their abilities to pay are incorrect, additional allowances might be required and its results of operations could be materially affected. Cash Equivalents: Restricted Cash: Fair Value of Financial Instruments: Financial Instruments Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities Fair Value Measurement and Disclosures Investment in Financial Instruments (000) September 30, 2024 September 30, 2023 Aggregate fair value Amortized/ Adjusted cost basis Pretax unrealized gains Aggregate fair value Amortized/ Adjusted cost basis Pretax unrealized gains Marketable securities Common stocks $ 358,691 $ 139,094 $ 219,597 $ 303,128 $ 165,412 $ 137,716 All marketable securities are classified as “Current assets” because they are available for sale at any time. In March 2024, the Company sold part of its marketable securities for approximately $40,579,000, realizing net gains of $14,261,000. The Company used these proceeds and excess cash from operations to pay down the margin loan balance to $27,500,000 from $75,000,000, aggregating a paydown of approximately $47,500,000 during the twelve months ended September 30, 2024. During fiscal 2023, the Company sold part of its marketable securities for approximately $2,826,000, realizing a total net gain of approximately $422,000, and simultaneously bought some additional marketable securities for an aggregated cost of approximately $10,001,000 with additional borrowings of $6,011,000 from the margin loan account. The Company subsequently repaid $6,011,000 reducing the balance of the margin loan to $75,000,000. In addition, the Company received stock dividends in March 2023 worth approximately $2,978,000 from one of the companies in which it holds marketable securities. Comparative pretax realized and unrealized gains on investments are as follows: Fiscal 2024 Fiscal 2023 Realized Gains Unrealized Gains Total Pretax Gains Realized Gains Unrealized Gains Total Pretax Gains Marketable securities Common stocks $ 14,261 $ 81,881 $ 96,142 $ 422 $ 17,024 $ 17,446 Inventories: Property, plant and equipment: Significant expenditures which extend the useful lives of existing assets are capitalized. Maintenance and repair costs are expensed as incurred. Gains or losses on dispositions of assets are reflected in current earnings. Impairment of Long-Lived Assets: Journal Technologies Software Development Costs: The Company believes its process for developing software is essentially completed concurrent with the establishment of technological feasibility, and accordingly, no software development costs have been capitalized to date. Revenue Recognition: 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 and advertising service fees and other revenues are recognized when advertisements are published. Advertising service fees and other revenues primarily represent commissions earned by the Company for sourcing the advertisements from its customers on behalf of third-party publications and are recorded on a net basis. Journal Technologies contracts may include several products and services, which are generally distinct and include separate transaction pricing and performance obligations. Most are one-transaction contracts. These current subscription-type contract revenues include (i) implementation consulting fees to configure the system to go-live, (ii) subscription software license, maintenance (including updates and upgrades) and support fees, and (iii) third-party hosting fees when used. For contracts containing multiple performance obligations, the Company allocates the transaction price on the basis of the relative standalone selling price of each distinct good or service, and utilizes the residual approach to estimate the standalone selling price of implementation consulting fees, whereby the standalone selling price is estimated by reference to the total transaction price less the sum of the observable standalone selling prices of its subscription software licenses, maintenance and support fees, and third-party hosting fees. These contracts include assurance warranty provisions for limited periods and do not include financing terms. For some contracts, the Company acts as a principal with respect to certain services, such as data conversion, interfaces and hosting that are provided by third parties, and recognizes such revenues and related costs on a gross basis. The Company considers several factors to determine if it controls the good or service and therefore is the principal. These factors include (1) if we have primary responsibility for fulfilling the promise; and (2) if we have discretion in establishing price for the specified good or service. For legacy contracts with perpetual license arrangements, licenses and consulting services are recognized at point of delivery, and maintenance revenues are recognized ratably after the go-live. The Traditional Business and Journal Technologies issue invoices that have payment terms which require payment within 30 days. Contracts do not have a significant financing component and do not have variable consideration. Amounts that have been invoiced are recorded in accounts receivable and in deferred revenue or revenue, depending on whether transfer of control to customers has occurred. Proceeds from subscription-type revenues, including circulation revenue, license, maintenance and support services, and hosting services, are deferred at the time of sale and are recognized on a pro rata basis over the terms of the subscriptions or service period, and unearned proceeds are recognized within deferred subscriptions and deferred maintenance agreements and others in the consolidated balance sheets. Proceeds from consulting fees are recognized at point of delivery upon completion of services, and unearned consulting fee proceeds are recognized within deferred consulting fees in the consolidated balance sheets. 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 e-file cases and pay traffic citations and other fees. The adoption of ASC 606 also requires the capitalization of certain costs of obtaining contracts, specifically sales commissions which are to be amortized over the expected term of the contracts. For its software contracts, the Company incurs an immaterial amount of sales commission costs which have no significant impact on the Company’s financial condition and results of operations. In addition, the Company’s implementation and fulfillment costs do not meet all criteria required for capitalization. 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 to include the transaction price allocated to unsatisfied performance obligations. These unallocated prices primarily relate to the eFile-it™ and ePay-it™ transactions of which service fees are collected and recognized when the Company processes credit card payments on behalf of the courts via its websites through which the public e-file cases or pay traffic citations. Furthermore, there are no fulfillment costs to be capitalized for the software contracts because these costs do not generate or enhance resources that will be used in satisfying future performance obligations. Approximately 76% of the Company’s revenues in fiscal 2024 and 2023 were derived from sales of software licenses, annual software licenses, maintenance and support agreements and consulting services that typically include implementation and training. The change in total deferred revenues, including the long-term portion, is as follows: Changes in total deferred revenues (000) Description Balance at Beginning of Year Addition to the Deferral Recognition from Deferral Balance at End of Year Fiscal 2024 Total deferred revenues $ 26,539 $ 34,581 $ (36,524 ) $ 24,596 Fiscal 2023 Total deferred revenues $ 21,715 $ 33,295 $ (28,471 ) $ 26,539 The change in allowance for doubtful accounts is as follows: Allowance for Doubtful Accounts (000) Description Balance at Beginning of Year Additions charged to Costs and Expenses Accounts charged off less Recoveries Balance at End of Year Fiscal 2024 Allowance for doubtful accounts $ 250 $ 5 $ (5 ) $ 250 Fiscal 2023 Allowance for doubtful accounts $ 250 $ 8 $ (8 ) $ 250 Advertising Stock-based compensation For restricted stock units, we use the closed market price on the date of grant as the fair market value of these stocks. We have not historically paid any cash dividends on our common stock and as a result do not reduce the grant-date fair value per share by the present value of dividends expected to be paid during the requisite service period for restricted stock units. We amortize the fair value of all awards on a straight-line basis over the requisite service periods, which are generally the vesting periods. We will recognize the effect of awards for which the requisite service period is not rendered when the award is forfeited. That is, we recognize the effect of forfeitures in compensation cost when they occur. Previously recognized compensation cost for an award is reversed in the period the award is forfeited. The following table summarized stock unit activity during the periods presented: Number of Shares Weighted Average Grant Date Fair Value per Share Unvested at September 30, 2023 — — Granted 800 $ 463.64 Vested 400 463.64 Forfeited — — Unvested at September 30, 2024 400 $ 463.64 As of September 30, 2024, we had total unrecognized compensation cost of approximately $169,000 related to unvested restricted stock units which is expected to be amortized over a weighted average amortization period of approximately 1.82 years. The following table summarizes stock-based compensation expense related to share-based awards which is recorded in the consolidated statements of comprehensive income: Year ended September 30, 2024 Stock-based compensation $ 202,000 Total stock-based compensation expense 202,000 Total tax benefit (51,000 ) Net decrease in net income $ 151,000 Management Incentive Plan ten Certificate interests entitled participants to receive 4.38% and 4.71% (amounting to $418,700 and $388,450, respectively) of Daily Journal non-consolidated income before taxes, workers’ compensation, supplemental compensation and certain other items, 20.2% and 22.2% (amounting to $702,960 and $1,491,840, respectively) for Journal Technologies and 8.12% and 8.86% (amounting to $1,059,195 and $1,260,800, respectively) for Daily Journal consolidated in fiscal 2024 and 2023, respectively. The Company accrued $3,735,000 and $4,230,000 as of September 30, 2024 and 2023, respectively, for the Incentive Plan’s future commitment for those who will still have Certificates at the age of 65. This future commitment included a decrease in the accrual in fiscal 2024 of $495,000 (or -$ .36 .21 Income taxes: Treasury stock and net income per common share: In June 2022, the Company received from Charles T. Munger 3,720 shares of Daily Journal common stock as his gracious personal gift (worth approximately $1 million on the date of the gift) for the purpose of establishing a new senior management equity incentive plan, which is still under consideration and has yet to be established. These donated shares were considered treasury stock, and the Company accounted for them using the par method which resulted in an immaterial effected amount on Treasury Stock and Additional Paid-in Capital. In addition, the number of outstanding shares of the Company was reduced by these 3,720 shares to reflect the actual number of outstanding shares of 1,377,026 at September 30, 2022. The net income per common share is based on the weighted average number of shares outstanding during each year. The shares used in the calculation were 1,377,026 for both fiscal 2024 and 2023. The Company does not have any common stock equivalents, and therefore basic and diluted net income per share is the same. (The Board approved the grant of 400 shares to the Company’s Chief Executive Officer in July 2024, but these shares were not actually transferred to him until after September 30, 2024.) Use of Estimates: Right-of-Use (ROU) Asset: Leases (Topic 842) long-term accrued liabilities Accrued Liabilities: Accounting Pronouncement adopted in fiscal 2024:

Note 3 - Income Taxes

Note 3 - Income Taxes	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	3. INCOME TAXES The provision (benefit) (000) from income taxes consists of the following: 2024 2023 Current: Federal $ 3,000 $ 1,275 State 1,053 49 Foreign 70 0 4,123 1,324 Deferred: Federal 17,005 3,940 State 5,037 1,386 Foreign 0 0 22,042 5,326 $ 26,165 $ 6,650 The difference between the statutory federal income tax rate and the Company’s effective rate is summarized below: 2024 2023 Statutory federal income tax rate 21.0 % 21.0 % State franchise taxes (net of federal tax benefit) 5.0 5.0 Effect of state rate change on beginning balance of deferred tax liabilities (0.4 ) (1.0 ) Dividends received deduction (0.5 ) (1.6 ) Others (0.0 ) 0.3 Effective tax rate 25.1 % 23.7 % The Company’s deferred income tax assets and liabilities (000) were comprised of the following: 2024 2023 Deferred tax assets attributable to: Accrued liabilities, including supplemental compensation and vacation pay accrual $ 1,903 $ 1,990 Impairment losses on marketable securities (280 ) (306 ) Bad debt reserves not yet deductible 55 55 Depreciation and amortization 1,730 2,206 Deferred revenues 517 1,068 Goodwill 265 370 Net operating losses 166 281 Credits and other 103 (3 ) Total deferred tax assets 4,459 5,661 Deferred tax liabilities attributable to: Unrealized gains on marketable securities (57,100 ) (36,260 ) Net deferred income taxes $ (52,641 ) $ (30,599 ) During fiscal 2024, the Company recorded an income tax provision of $26,165,000 on pretax income of $104,278,000. The income tax provision consisted of tax expenses of $24,534,000 on the realized and unrealized gains on marketable securities, and $2,175,000 on operating income, partially offset by a tax benefit of $544,000 for the dividends received deduction and other permanent differences. Consequently, the overall effective tax rate for fiscal 2024 was 25.1%, after including the taxes on the realized and unrealized gains on marketable securities. During fiscal 2023, the Company recorded an income tax provision of $6,650,000 on pretax income of $28,102,000. The income tax provision consisted of tax provisions of $4,250,000 on the realized and unrealized gains on marketable securities, and $2,803,000 on operating income, partially offset by a tax benefit of $403,000 for the dividends received deduction and other permanent differences. Consequently, the overall effective tax rate for fiscal 2023 was 23.7%, after including the taxes on the realized and unrealized gains on marketable securities. The Company files consolidated federal income tax returns, with its domestic subsidiary, in the United States and with various state jurisdictions and is no longer subject to examinations for fiscal years before fiscal 2020 2019 During fiscal 2021, the Company utilized all of its federal and certain state net operating losses (NOL). California suspended the use of NOLs for fiscal years beginning in 2020 and 2021. During fiscal 2022, the Company utilized $4.2 million of $5.5 million California NOLs and used the remaining $1.3 million of California NOLs in fiscal 2024. The Company also has NOLs in other states, expiring as follows: Fiscal Year ended (in million) California NOLs Other State NOLs September 30, 2029 through September 30, 2036 $ --- $ .1 September 30, 2037 --- .1 September 30, 2038 --- .2 September 30, 2039 --- .1 No expiration --- 2.1 Total $ --- $ 2.7

Note 4 - Debts and Commitments

Note 4 - Debts and Commitments	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Commitments Disclosure [Text Block]	4. DEBTS AND COMMITMENTS During fiscal 2013, the Company borrowed from its investment margin account the aggregate purchase price of $29.5 million for two acquisitions, in each case pledging its marketable securities as collateral. In addition, there were subsequent borrowings of $45.5 million to purchase additional marketable securities bringing the margin loan balance up to $75 million during fiscal 2023. In March 2024, the Company sold a portion of its marketable securities for approximately $40.6 million and used these proceeds and excess cash from operations to pay down the margin loan balance to $27.5 million at September 30, 2024. The interest rate for these investment margin account borrowings fluctuates based on the Federal Funds Rate plus 50 basis points with interest only payable monthly. The interest rate as of September 30, 2024 was 5.5% after the first cut of 50 basis points to the central bank's key interest rate by Federal Reserve since 2020. The Federal Reserve may continue to reduce the rate in the near future. These investment margin account borrowings do not mature. In November 2015, the Company purchased a 30,700 square foot office building constructed in 1998 on about 3.6 acres in Logan, Utah that had been previously leased for Journal Technologies. The Company paid $1.24 million and financed the balance with a real estate bank loan of $2.26 million which had a fixed interest rate of 4.66%. This loan is secured by the Logan facility and can be paid off at any time without prepayment penalty. In October 2020, the Company executed an amendment to lower the interest rate of this loan to a fixed rate of 3.33% for the remaining 10 years. This real estate loan had a balance of approximately $1.12 million as of September 30, 2024. Each monthly installment payment is approximately $16,700. 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 October 2025. The Company is responsible for a portion of maintenance, insurance and property tax expenses relating to the leased properties. Rental expenses, inclusive of these expenses, for fiscal years 2024 and 2023 were $303,000 and $289,000, respectively. Effective January 1, 2023, the Company began sponsoring a 401(k) retirement plan and a 409(A) non-qualified deferred compensation plan for its employees. The 401(k) retirement plan is a defined contribution plan available to employees meeting minimum service requirements. Eligible employees can contribute up to 100% of their current compensation to the plan subject to certain statutory limitations. The Company matches 50% of the 401(k) contribution up to 4% of total compensation. Contributions to the retirement plan were $610,000 and $363,000 for fiscal 2024 and 2023, respectively. As of September 30, 2024, there were deferred compensation liabilities of approximately $784,000 of which $748,000 were held under a trust account for the 409(A) plan. The following table represents the Company’s future obligations: Payments due by Fiscal Year (000) 2025 2026 2027 2028 2029 2030 and after Total Real estate loan $ 164,000 $ 169,000 $ 175,000 $ 181,000 $ 187,000 $ 244,000 $ 1,120,000 Obligations under operating leases 89,000 37,000 --- --- --- --- 126,000 Non-qualified deferred compensation 409(A) plan --- 784,000 --- --- --- --- 784,000 Long-term accrued liabilities* --- 1,742,000 805,000 508,000 333,000 347,000 3,735,000 $ 253,000 $ 2,732,000 $ 980,000 $ 689,000 $ 520,000 $ 591,000 $ 5,765,000 * The long-term accrued liabilities for the Management Incentive Plan are discounted to the present value using a discount rate of 6%.

Note 5 - Contingencies

Note 5 - Contingencies	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	5. CONTINGENCIES From time to time, the Company is subject to litigation arising in the normal course of its business. While it is not possible to predict the results of such litigation, management does not believe the ultimate outcome of these matters will have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Note 6 - Reportable Segments

Note 6 - Reportable Segments	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	6. REPORTABLE SEGMENTS An operating segment is defined as a component of an enterprise which has discrete financial information that is evaluated regularly by the Company’s Chief Executive Officer to decide how to allocate resources and to assess performance. In accordance with ASC 280-10, Segment Reporting two Additional detail about each of the reportable segments and its corporate income and expenses is set forth below: Overall Financial Results (000) For the twelve months ended September 30 Reportable Segments Traditional Business Journal Technologies Corporate Total 2024 2023 2024 2023 2024 2023 2024 2023 Revenues Advertising $ 9,325 $ 8,955 $ --- $ --- $ --- $ --- $ 9,325 $ 8,955 Circulation 4,462 4,403 --- --- --- --- 4,462 4,403 Advertising service fees and other 3,039 2,895 --- --- --- --- 3,039 2,895 Licensing and maintenance fees --- --- 28,265 23,503 --- --- 28,265 23,503 Consulting fees --- --- 15,086 19,776 --- --- 15,086 19,776 Other public service fees --- --- 9,754 8,177 --- --- 9,754 8,177 Total operating revenues 16,826 16,253 53,105 51,456 --- --- 69,931 67,709 Operating expenses Salaries and employee benefits 10,352 10,416 36,826 33,034 --- --- 47,178 43,450 Stock-based compensation 30 --- 172 --- --- --- 202 --- (Decrease) increase to the long-term Supplemental compensation accrual (495 ) (470 ) --- 175 --- --- (495 ) (295 ) Others 5,360 4,626 13,616 13,276 --- --- 18,976 17,902 Total operating expenses 15,247 14,572 50,614 46,485 --- --- 65,861 61,057 Income from operations 1,579 1,681 2,491 4,971 --- --- 4,070 6,652 Dividends and interest income --- --- --- --- 7,102 8,340 7,102 8,340 Interest expenses on note payable collateralized by real estate and other --- --- --- --- (69 ) (77 ) (69 ) (77 ) Interest expense on margin loans --- --- --- --- (3,018 ) (4,255 ) (3,018 ) (4,255 ) Gains on sales of capital assets --- --- --- --- 4 --- 4 --- Net realized and unrealized gains on marketable securities --- --- --- --- 96,142 17,446 96,142 17,446 Net unrealized gains (losses) on non-qualified deferred compensation plan --- --- --- --- 47 (4 ) 47 (4 ) Pretax income 1,579 1,681 2,491 4,971 100,208 21,450 104,278 28,102 Income tax expense (395 ) (520 ) (735 ) (1,450 ) (25,035 ) (4,680 ) (26,165 ) (6,650 ) Net income $ 1,184 $ 1,161 $ 1,756 $ 3,521 $ 75,173 $ 16,770 $ 78,113 $ 21,452 Total assets $ 14,486 $ 18,744 $ 29,838 $ 33,100 $ 359,439 $ 303,016 $ 403,763 $ 354,860 Capital expenditures $ 23 $ 70 $ 26 $ 16 --- --- $ 49 $ 86 During fiscal 2024 and 2023, the Traditional Business had total operating revenues of $16,826,000 and $16,253,000 of which $12,364,000 and $11,850,000, respectively, were recognized after services were provided while $4,462,000 and $4,403,000, respectively, were recognized ratably over the subscription terms. Total operating revenues for the Company’s software business were $53,105,000 and $51,456,000, of which $25,112,000 and $28,209,000, respectively, were recognized upon completion of services while $27,993,000 and $23,247,000, respectively, were recognized ratably over the subscription periods.

Note 7 - Subsequent Events

Note 7 - Subsequent Events	12 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Subsequent Events [Text Block]	7. SUBSEQUENT EVENTS The Company has completed an evaluation of all subsequent events through the issuance date of these financial statements and concluded that no additional subsequent events occurred that required recognition in the financial statements or disclosures in the Notes to Consolidated Financial Statements.

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Sep. 30, 2024
Insider Trading Arr Line Items
Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Basis of Presentation: Certain reclassifications of previously reported amounts have been made to conform to the current year’s presentation.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Credit Risk: The Company maintains the reserve account for estimated losses resulting from the inability of its customers to make required payments. If the financial condition of its customers were to deteriorate or its judgments about their abilities to pay are incorrect, additional allowances might be required and its results of operations could be materially affected.
Cash and Cash Equivalents, Unrestricted Cash and Cash Equivalents, Policy [Policy Text Block]	Cash Equivalents:
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restricted Cash:
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments: Financial Instruments Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities Fair Value Measurement and Disclosures Investment in Financial Instruments (000) September 30, 2024 September 30, 2023 Aggregate fair value Amortized/ Adjusted cost basis Pretax unrealized gains Aggregate fair value Amortized/ Adjusted cost basis Pretax unrealized gains Marketable securities Common stocks $ 358,691 $ 139,094 $ 219,597 $ 303,128 $ 165,412 $ 137,716 All marketable securities are classified as “Current assets” because they are available for sale at any time. In March 2024, the Company sold part of its marketable securities for approximately $40,579,000, realizing net gains of $14,261,000. The Company used these proceeds and excess cash from operations to pay down the margin loan balance to $27,500,000 from $75,000,000, aggregating a paydown of approximately $47,500,000 during the twelve months ended September 30, 2024. During fiscal 2023, the Company sold part of its marketable securities for approximately $2,826,000, realizing a total net gain of approximately $422,000, and simultaneously bought some additional marketable securities for an aggregated cost of approximately $10,001,000 with additional borrowings of $6,011,000 from the margin loan account. The Company subsequently repaid $6,011,000 reducing the balance of the margin loan to $75,000,000. In addition, the Company received stock dividends in March 2023 worth approximately $2,978,000 from one of the companies in which it holds marketable securities. Comparative pretax realized and unrealized gains on investments are as follows: Fiscal 2024 Fiscal 2023 Realized Gains Unrealized Gains Total Pretax Gains Realized Gains Unrealized Gains Total Pretax Gains Marketable securities Common stocks $ 14,261 $ 81,881 $ 96,142 $ 422 $ 17,024 $ 17,446
Inventory, Policy [Policy Text Block]	Inventories:
Property, Plant and Equipment, Policy [Policy Text Block]	Property, plant and equipment: Significant expenditures which extend the useful lives of existing assets are capitalized. Maintenance and repair costs are expensed as incurred. Gains or losses on dispositions of assets are reflected in current earnings.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets:
Research, Development, and Computer Software, Policy [Policy Text Block]	Journal Technologies Software Development Costs: The Company believes its process for developing software is essentially completed concurrent with the establishment of technological feasibility, and accordingly, no software development costs have been capitalized to date.
Revenue [Policy Text Block]	Revenue Recognition: 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 and advertising service fees and other revenues are recognized when advertisements are published. Advertising service fees and other revenues primarily represent commissions earned by the Company for sourcing the advertisements from its customers on behalf of third-party publications and are recorded on a net basis. Journal Technologies contracts may include several products and services, which are generally distinct and include separate transaction pricing and performance obligations. Most are one-transaction contracts. These current subscription-type contract revenues include (i) implementation consulting fees to configure the system to go-live, (ii) subscription software license, maintenance (including updates and upgrades) and support fees, and (iii) third-party hosting fees when used. For contracts containing multiple performance obligations, the Company allocates the transaction price on the basis of the relative standalone selling price of each distinct good or service, and utilizes the residual approach to estimate the standalone selling price of implementation consulting fees, whereby the standalone selling price is estimated by reference to the total transaction price less the sum of the observable standalone selling prices of its subscription software licenses, maintenance and support fees, and third-party hosting fees. These contracts include assurance warranty provisions for limited periods and do not include financing terms. For some contracts, the Company acts as a principal with respect to certain services, such as data conversion, interfaces and hosting that are provided by third parties, and recognizes such revenues and related costs on a gross basis. The Company considers several factors to determine if it controls the good or service and therefore is the principal. These factors include (1) if we have primary responsibility for fulfilling the promise; and (2) if we have discretion in establishing price for the specified good or service. For legacy contracts with perpetual license arrangements, licenses and consulting services are recognized at point of delivery, and maintenance revenues are recognized ratably after the go-live. The Traditional Business and Journal Technologies issue invoices that have payment terms which require payment within 30 days. Contracts do not have a significant financing component and do not have variable consideration. Amounts that have been invoiced are recorded in accounts receivable and in deferred revenue or revenue, depending on whether transfer of control to customers has occurred. Proceeds from subscription-type revenues, including circulation revenue, license, maintenance and support services, and hosting services, are deferred at the time of sale and are recognized on a pro rata basis over the terms of the subscriptions or service period, and unearned proceeds are recognized within deferred subscriptions and deferred maintenance agreements and others in the consolidated balance sheets. Proceeds from consulting fees are recognized at point of delivery upon completion of services, and unearned consulting fee proceeds are recognized within deferred consulting fees in the consolidated balance sheets. 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 e-file cases and pay traffic citations and other fees. The adoption of ASC 606 also requires the capitalization of certain costs of obtaining contracts, specifically sales commissions which are to be amortized over the expected term of the contracts. For its software contracts, the Company incurs an immaterial amount of sales commission costs which have no significant impact on the Company’s financial condition and results of operations. In addition, the Company’s implementation and fulfillment costs do not meet all criteria required for capitalization. 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 to include the transaction price allocated to unsatisfied performance obligations. These unallocated prices primarily relate to the eFile-it™ and ePay-it™ transactions of which service fees are collected and recognized when the Company processes credit card payments on behalf of the courts via its websites through which the public e-file cases or pay traffic citations. Furthermore, there are no fulfillment costs to be capitalized for the software contracts because these costs do not generate or enhance resources that will be used in satisfying future performance obligations. Approximately 76% of the Company’s revenues in fiscal 2024 and 2023 were derived from sales of software licenses, annual software licenses, maintenance and support agreements and consulting services that typically include implementation and training. The change in total deferred revenues, including the long-term portion, is as follows: Changes in total deferred revenues (000) Description Balance at Beginning of Year Addition to the Deferral Recognition from Deferral Balance at End of Year Fiscal 2024 Total deferred revenues $ 26,539 $ 34,581 $ (36,524 ) $ 24,596 Fiscal 2023 Total deferred revenues $ 21,715 $ 33,295 $ (28,471 ) $ 26,539 The change in allowance for doubtful accounts is as follows: Allowance for Doubtful Accounts (000) Description Balance at Beginning of Year Additions charged to Costs and Expenses Accounts charged off less Recoveries Balance at End of Year Fiscal 2024 Allowance for doubtful accounts $ 250 $ 5 $ (5 ) $ 250 Fiscal 2023 Allowance for doubtful accounts $ 250 $ 8 $ (8 ) $ 250
Advertising Cost [Policy Text Block]	Advertising
Share-Based Payment Arrangement [Policy Text Block]	Stock-based compensation For restricted stock units, we use the closed market price on the date of grant as the fair market value of these stocks. We have not historically paid any cash dividends on our common stock and as a result do not reduce the grant-date fair value per share by the present value of dividends expected to be paid during the requisite service period for restricted stock units. We amortize the fair value of all awards on a straight-line basis over the requisite service periods, which are generally the vesting periods. We will recognize the effect of awards for which the requisite service period is not rendered when the award is forfeited. That is, we recognize the effect of forfeitures in compensation cost when they occur. Previously recognized compensation cost for an award is reversed in the period the award is forfeited. The following table summarized stock unit activity during the periods presented: Number of Shares Weighted Average Grant Date Fair Value per Share Unvested at September 30, 2023 — — Granted 800 $ 463.64 Vested 400 463.64 Forfeited — — Unvested at September 30, 2024 400 $ 463.64 As of September 30, 2024, we had total unrecognized compensation cost of approximately $169,000 related to unvested restricted stock units which is expected to be amortized over a weighted average amortization period of approximately 1.82 years. The following table summarizes stock-based compensation expense related to share-based awards which is recorded in the consolidated statements of comprehensive income: Year ended September 30, 2024 Stock-based compensation $ 202,000 Total stock-based compensation expense 202,000 Total tax benefit (51,000 ) Net decrease in net income $ 151,000 Management Incentive Plan ten Certificate interests entitled participants to receive 4.38% and 4.71% (amounting to $418,700 and $388,450, respectively) of Daily Journal non-consolidated income before taxes, workers’ compensation, supplemental compensation and certain other items, 20.2% and 22.2% (amounting to $702,960 and $1,491,840, respectively) for Journal Technologies and 8.12% and 8.86% (amounting to $1,059,195 and $1,260,800, respectively) for Daily Journal consolidated in fiscal 2024 and 2023, respectively. The Company accrued $3,735,000 and $4,230,000 as of September 30, 2024 and 2023, respectively, for the Incentive Plan’s future commitment for those who will still have Certificates at the age of 65. This future commitment included a decrease in the accrual in fiscal 2024 of $495,000 (or -$ .36 .21
Income Tax, Policy [Policy Text Block]	Income taxes:
Earnings Per Share, Policy [Policy Text Block]	Treasury stock and net income per common share: In June 2022, the Company received from Charles T. Munger 3,720 shares of Daily Journal common stock as his gracious personal gift (worth approximately $1 million on the date of the gift) for the purpose of establishing a new senior management equity incentive plan, which is still under consideration and has yet to be established. These donated shares were considered treasury stock, and the Company accounted for them using the par method which resulted in an immaterial effected amount on Treasury Stock and Additional Paid-in Capital. In addition, the number of outstanding shares of the Company was reduced by these 3,720 shares to reflect the actual number of outstanding shares of 1,377,026 at September 30, 2022. The net income per common share is based on the weighted average number of shares outstanding during each year. The shares used in the calculation were 1,377,026 for both fiscal 2024 and 2023. The Company does not have any common stock equivalents, and therefore basic and diluted net income per share is the same. (The Board approved the grant of 400 shares to the Company’s Chief Executive Officer in July 2024, but these shares were not actually transferred to him until after September 30, 2024.)
Use of Estimates, Policy [Policy Text Block]	Use of Estimates:
Lessee, Leases [Policy Text Block]	Right-of-Use (ROU) Asset: Leases (Topic 842) long-term accrued liabilities
Accrued Liabilities [Policy Text Block]	Accrued Liabilities:
New Accounting Pronouncements, Policy [Policy Text Block]	Accounting Pronouncement adopted in fiscal 2024:

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]	September 30, 2024 September 30, 2023 Aggregate fair value Amortized/ Adjusted cost basis Pretax unrealized gains Aggregate fair value Amortized/ Adjusted cost basis Pretax unrealized gains Marketable securities Common stocks $ 358,691 $ 139,094 $ 219,597 $ 303,128 $ 165,412 $ 137,716
Gain (Loss) on Securities [Table Text Block]	Fiscal 2024 Fiscal 2023 Realized Gains Unrealized Gains Total Pretax Gains Realized Gains Unrealized Gains Total Pretax Gains Marketable securities Common stocks $ 14,261 $ 81,881 $ 96,142 $ 422 $ 17,024 $ 17,446
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	Description Balance at Beginning of Year Addition to the Deferral Recognition from Deferral Balance at End of Year Fiscal 2024 Total deferred revenues $ 26,539 $ 34,581 $ (36,524 ) $ 24,596 Fiscal 2023 Total deferred revenues $ 21,715 $ 33,295 $ (28,471 ) $ 26,539
Valuation and Qualifying Accounts [Table Text Block]	Description Balance at Beginning of Year Additions charged to Costs and Expenses Accounts charged off less Recoveries Balance at End of Year Fiscal 2024 Allowance for doubtful accounts $ 250 $ 5 $ (5 ) $ 250 Fiscal 2023 Allowance for doubtful accounts $ 250 $ 8 $ (8 ) $ 250
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	Number of Shares Weighted Average Grant Date Fair Value per Share Unvested at September 30, 2023 — — Granted 800 $ 463.64 Vested 400 463.64 Forfeited — — Unvested at September 30, 2024 400 $ 463.64
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Year ended September 30, 2024 Stock-based compensation $ 202,000 Total stock-based compensation expense 202,000 Total tax benefit (51,000 ) Net decrease in net income $ 151,000

Note 3 - Income Taxes (Tables)

Note 3 - Income Taxes (Tables)	12 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2024 2023 Current: Federal $ 3,000 $ 1,275 State 1,053 49 Foreign 70 0 4,123 1,324 Deferred: Federal 17,005 3,940 State 5,037 1,386 Foreign 0 0 22,042 5,326 $ 26,165 $ 6,650
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2024 2023 Statutory federal income tax rate 21.0 % 21.0 % State franchise taxes (net of federal tax benefit) 5.0 5.0 Effect of state rate change on beginning balance of deferred tax liabilities (0.4 ) (1.0 ) Dividends received deduction (0.5 ) (1.6 ) Others (0.0 ) 0.3 Effective tax rate 25.1 % 23.7 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2024 2023 Deferred tax assets attributable to: Accrued liabilities, including supplemental compensation and vacation pay accrual $ 1,903 $ 1,990 Impairment losses on marketable securities (280 ) (306 ) Bad debt reserves not yet deductible 55 55 Depreciation and amortization 1,730 2,206 Deferred revenues 517 1,068 Goodwill 265 370 Net operating losses 166 281 Credits and other 103 (3 ) Total deferred tax assets 4,459 5,661 Deferred tax liabilities attributable to: Unrealized gains on marketable securities (57,100 ) (36,260 ) Net deferred income taxes $ (52,641 ) $ (30,599 )
Summary of Operating Loss Carryforwards [Table Text Block]	Fiscal Year ended (in million) California NOLs Other State NOLs September 30, 2029 through September 30, 2036 $ --- $ .1 September 30, 2037 --- .1 September 30, 2038 --- .2 September 30, 2039 --- .1 No expiration --- 2.1 Total $ --- $ 2.7

Note 4 - Debts and Commitments

Note 4 - Debts and Commitments (Tables)	12 Months Ended
	Sep. 30, 2024
Notes Tables
Contractual Obligation, Fiscal Year Maturity [Table Text Block]	Payments due by Fiscal Year (000) 2025 2026 2027 2028 2029 2030 and after Total Real estate loan $ 164,000 $ 169,000 $ 175,000 $ 181,000 $ 187,000 $ 244,000 $ 1,120,000 Obligations under operating leases 89,000 37,000 --- --- --- --- 126,000 Non-qualified deferred compensation 409(A) plan --- 784,000 --- --- --- --- 784,000 Long-term accrued liabilities* --- 1,742,000 805,000 508,000 333,000 347,000 3,735,000 $ 253,000 $ 2,732,000 $ 980,000 $ 689,000 $ 520,000 $ 591,000 $ 5,765,000

Note 6 - Reportable Segments (T

Note 6 - Reportable Segments (Tables)	12 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Reportable Segments Traditional Business Journal Technologies Corporate Total 2024 2023 2024 2023 2024 2023 2024 2023 Revenues Advertising $ 9,325 $ 8,955 $ --- $ --- $ --- $ --- $ 9,325 $ 8,955 Circulation 4,462 4,403 --- --- --- --- 4,462 4,403 Advertising service fees and other 3,039 2,895 --- --- --- --- 3,039 2,895 Licensing and maintenance fees --- --- 28,265 23,503 --- --- 28,265 23,503 Consulting fees --- --- 15,086 19,776 --- --- 15,086 19,776 Other public service fees --- --- 9,754 8,177 --- --- 9,754 8,177 Total operating revenues 16,826 16,253 53,105 51,456 --- --- 69,931 67,709 Operating expenses Salaries and employee benefits 10,352 10,416 36,826 33,034 --- --- 47,178 43,450 Stock-based compensation 30 --- 172 --- --- --- 202 --- (Decrease) increase to the long-term Supplemental compensation accrual (495 ) (470 ) --- 175 --- --- (495 ) (295 ) Others 5,360 4,626 13,616 13,276 --- --- 18,976 17,902 Total operating expenses 15,247 14,572 50,614 46,485 --- --- 65,861 61,057 Income from operations 1,579 1,681 2,491 4,971 --- --- 4,070 6,652 Dividends and interest income --- --- --- --- 7,102 8,340 7,102 8,340 Interest expenses on note payable collateralized by real estate and other --- --- --- --- (69 ) (77 ) (69 ) (77 ) Interest expense on margin loans --- --- --- --- (3,018 ) (4,255 ) (3,018 ) (4,255 ) Gains on sales of capital assets --- --- --- --- 4 --- 4 --- Net realized and unrealized gains on marketable securities --- --- --- --- 96,142 17,446 96,142 17,446 Net unrealized gains (losses) on non-qualified deferred compensation plan --- --- --- --- 47 (4 ) 47 (4 ) Pretax income 1,579 1,681 2,491 4,971 100,208 21,450 104,278 28,102 Income tax expense (395 ) (520 ) (735 ) (1,450 ) (25,035 ) (4,680 ) (26,165 ) (6,650 ) Net income $ 1,184 $ 1,161 $ 1,756 $ 3,521 $ 75,173 $ 16,770 $ 78,113 $ 21,452 Total assets $ 14,486 $ 18,744 $ 29,838 $ 33,100 $ 359,439 $ 303,016 $ 403,763 $ 354,860 Capital expenditures $ 23 $ 70 $ 26 $ 16 --- --- $ 49 $ 86

Note 2 - Summary of Significa_3

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	1 Months Ended			12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Restricted Cash and Cash Equivalents				$ 2,191,000	$ 2,100,000	$ 2,045,000
Net income				78,113,000	21,452,000	(21,452,000)
Unrealized Gain (Loss) on Investments				96,142,000		(17,446,000)
Net Income (Loss) Attributable to Parent				(78,113,000)	(21,452,000)	21,452,000
Unrealized Gain (Loss) on Investments				(96,142,000)		17,446,000
Equity Securities, FV-NI, Current				358,691,000	303,128,000
Equity Securities, FV-NI, Unrealized Gain (Loss)				219,597,000		137,716,000
Equity Securities, FV-NI, Unrealized Gain (Loss), Tax				57,100,000		$ 36,260,000
Proceeds from Sale and Maturity of Debt Securities, Available-for-Sale	$ 40,579,000			40,579,000	2,826,000
Debt Securities, Available-for-Sale, Realized Gain (Loss)	$ 14,261,000				422,000
Debt Instrument, Face Amount				27,500,000	75,000,000
Proceeds from (Repayments of) Notes Payable				47,500,000
Payments to Acquire Marketable Securities					10,001,000
Proceeds from Issuance of Debt					6,011,000
Repayments of Debt					6,011,000
Investment Margin Account				27,500,000	75,000,000
Dividend Income, Operating, Paid in Kind		$ 2,978,000
Depreciation				$ 267,000	279,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period				10 years		10 years
Common Stock, Shares, Outstanding						1,377,026
Operating Lease, Liability				$ 126,000	95,000
Operating Lease, Liability, Noncurrent				37,000	44,000
Operating Lease, Right-of-Use Asset				$ 126,000	$ 95,000
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]				Accrued liabilities	Accrued liabilities
Accrued Vacation, Current				$ 3,425,000	$ 3,160,000
Supplemental Compensation Accrual, Current				2,248,000	3,240,000
Accrued Salaries, Current				1,354,000	1,274,000
Accrued Supplemental Compensation, Noncurrent				$ 3,735,000	4,230,000
Director [Member]
Receipt of Donated Treasury Stock, Shares			3,720
Receipt of Donated Treasury Stock, Value			$ 1,000,000
Measurement Input, Discount Rate [Member]
Incentive Plan Future Commitment, Measurement Input				6%
Management Incentive Plan, Future Commitment [Member]
Other Accrued Liabilities				$ 3,735,000	4,230,000
Increase (Decrease) in Other Accrued Liabilities				$ 495,000	$ (295,000)
Other Accrued Liabilities Impact on Earnings Per Share				$ 0.36	$ 0.21
Increase (Decrease) in Other Accrued Liabilities				$ (495,000)	$ 295,000
Other Accrued Liabilities Impact on Earnings Per Share				$ (0.36)	$ (0.21)
Daily Journal Non-Consolidated [Member]
Management Incentive Plan Total Percentage of Pre Tax Earnings				4.38%	4.71%
Management Incentive Plan Total Amount Paid				$ 418,700	$ 388,450
Journal Technologies [Member]
Management Incentive Plan Total Percentage of Pre Tax Earnings				20.20%	22.20%
Management Incentive Plan Total Amount Paid				$ 702,960	$ 1,491,840
Daily Journal Consolidated [Member]
Management Incentive Plan Total Percentage of Pre Tax Earnings				8.12%	8.86%
Management Incentive Plan Total Amount Paid				$ 1,059,195	$ 1,260,800
Restricted Stock Units (RSUs) [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount				$ 169,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)				1 year 9 months 25 days
Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)				3,320
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)				3,720
Product Concentration Risk [Member] | Revenue Benchmark [Member] | License [Member]
Concentration Risk, Percentage				76%	76%
Minimum [Member]
Property, Plant and Equipment, Useful Life				3 years
Minimum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment, Useful Life				3 years
Minimum [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment, Useful Life				5 years
Minimum [Member] | Furniture, Office Equipment, and Software [Member]
Property, Plant and Equipment, Useful Life				3 years
Maximum [Member]
Property, Plant and Equipment, Useful Life				39 years
Maximum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment, Useful Life				10 years
Maximum [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment, Useful Life				39 years
Maximum [Member] | Furniture, Office Equipment, and Software [Member]
Property, Plant and Equipment, Useful Life				5 years

Note 2 - Summary of Significa_4

Note 2 - Summary of Significant Accounting Policies - Summary of Investments (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Aggregate fair value	$ 358,691,000	$ 303,128,000
Common Stock [Member]
Aggregate fair value	358,691,000	303,128,000
Amortized/ Adjusted cost basis	139,094,000	165,412,000
Pretax unrealized gains	$ 219,597,000	$ 137,716,000

Note 2 - Summary of Significa_5

Note 2 - Summary of Significant Accounting Policies - Gains (Losses) on Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Marketable securities, gains	$ 96,142	$ 17,446
Common Stock [Member]
Marketable securities, realized gains	14,261	422
Marketable securities, unrealized gains	81,881	17,024
Marketable securities, gains	$ 96,142	$ 17,446

Note 2 - Summary of Significa_6

Note 2 - Summary of Significant Accounting Policies - Change in Deferred Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Balance at beginning of year	$ 26,539	$ 21,715
Addition to the deferral	34,581	33,295
Recognition from deferral	(36,524)	(28,471)
Balance at end of year	$ 24,596	$ 26,539

Note 2 - Summary of Significa_7

Note 2 - Summary of Significant Accounting Policies - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Beginning balance	$ 250	$ 250
Additions charged to costs and expenses	5	8
Accounts charged off less recoveries	(5)	(8)
Ending balance	$ 250	$ 250

Note 2 - Summary of Significa_8

Note 2 - Summary of Significant Accounting Policies - Schedule of Restricted Stock Units (Details) - Restricted Stock Units (RSUs) [Member]	12 Months Ended
	Sep. 30, 2024 $ / shares shares
Unvested, units (in shares) | shares	0
Unvested, fair value (in dollars per share) | $ / shares	$ 0
Granted, units (in shares) | shares	800
Granted, fair value (in dollars per share) | $ / shares	$ 463.64
Vested, units (in shares) | shares	400
Vested, fair value (in dollars per share) | $ / shares	$ 463.64
Forfeited, units (in shares) | shares	0
Forfeited, fair value (in dollars per share) | $ / shares	$ 0
Unvested, units (in shares) | shares	400
Unvested, fair value (in dollars per share) | $ / shares	$ 463.64

Note 2 - Summary of Significa_9

Note 2 - Summary of Significant Accounting Policies - Summary of Stock-based Compensation Expense (Details)	12 Months Ended
	Sep. 30, 2024 USD ($)
Stock based compensation	$ 202,000
Total tax benefit	(51,000)
Net decrease in net income	151,000
Share-Based Payment Arrangement [Member]
Stock based compensation	$ 202,000

Note 3 - Income Taxes (Details

Note 3 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Income Tax Expense (Benefit)	$ 26,165,000	$ 6,650,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	104,278,000	28,102,000
Effective Income Tax Rate Reconciliation, Realized Gains on Marketable Securities, Amount	24,534,000	4,250,000
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	2,175,000	2,803,000
Effective Income Tax Rate Reconciliation, Deduction, Dividends, Amount	$ 544,000	$ 403,000
Effective Income Tax Rate Reconciliation, Percent	25.10%	23.70%
Income Tax Expense (Benefit)	$ 26,165,000	$ 6,650,000
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$ 104,278,000	$ 28,102,000
Domestic Tax Jurisdiction [Member]
Open Tax Year	2020 2021 2022 2023 2024
State and Local Jurisdiction [Member]
Open Tax Year	2019 2020 2021 2022 2023 2024
State and Local Jurisdiction [Member] | California Franchise Tax Board [Member]
Operating Loss Carryforwards Utilized			$ 4,200,000
Operating Loss Carryforwards			5,500,000
State and Local Jurisdiction [Member] | California Franchise Tax Board [Member] | Operating Loss Carryforwards, Expire Fiscal Years 2038 and 2039 [Member]
Operating Loss Carryforwards			$ 1,300,000

Note 3 - Income Taxes - Provisi

Note 3 - Income Taxes - Provision for Income Taxes (Details) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Federal	$ 3,000,000	$ 1,275,000
State	1,053,000	49,000
Foreign	70,000	0
Current Income Tax Expense (Benefit)	4,123,000	1,324,000
Federal	17,005,000	3,940,000
State	5,037,000	1,386,000
Foreign	0	0
Deferred Income Tax Expense (Benefit)	22,042,000	5,326,000
Income Tax Expense (Benefit)	$ 26,165,000	$ 6,650,000

Note 3 - Income Taxes - Summary

Note 3 - Income Taxes - Summary of the Difference Between Statutory Federal Income Tax Rate and Effective Rate (Details)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Statutory federal income tax rate	21%	21%
State franchise taxes (net of federal tax benefit)	5%	5%
Effect of state rate change on beginning balance of deferred tax liabilities	(0.40%)	(1.00%)
Dividends received deduction	(0.50%)	(1.60%)
Others	(0.00%)	0.30%
Effective tax rate	25.10%	23.70%

Note 3 - Income Taxes - Deferre

Note 3 - Income Taxes - Deferred Income Taxes (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Accrued liabilities, including supplemental compensation and vacation pay accrual	$ 1,903	$ 1,990
Impairment losses on marketable securities	(280)	(306)
Bad debt reserves not yet deductible	55	55
Depreciation and amortization	1,730	2,206
Deferred revenues	517	1,068
Goodwill	265	370
Net operating losses	166	281
Credits and other	103	(3)
Total deferred tax assets	4,459	5,661
Unrealized gains on marketable securities	57,100	36,260
Net deferred income taxes	$ 52,641	$ 30,599

Note 3 - Income Taxes - Operati

Note 3 - Income Taxes - Operating Loss Carryforwards (Details) - Other State [Member] $ in Millions	Sep. 30, 2024 USD ($)
Operating Loss Carryforward	$ 2.7
No expiration	2.1
Expires Fiscal Year September 30, 2029 Through September 30, 2036 [Member]
Operating Loss Carryforward	1
Expires at Fiscal Year Ended September 30, 2037 [Member]
Operating Loss Carryforward	1
Expires at Fiscal Year Ended September 30, 2038 [Member]
Operating Loss Carryforward	2
Expires at Fiscal Year Ended September 30, 2039 [Member]
Operating Loss Carryforward	$ 1

Note 4 - Debts and Commitment_2

Note 4 - Debts and Commitments (Details Textual)		1 Months Ended		12 Months Ended
	Jan. 01, 2023	Mar. 31, 2024 USD ($)	Nov. 30, 2015 USD ($) a ft²	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2013 USD ($)	Oct. 31, 2020
Proceeds from Issuance of Debt					$ 6,011,000
Investment Margin Account				$ 27,500,000	75,000,000
Proceeds from Sale and Maturity of Debt Securities, Available-for-Sale		$ 40,579,000		40,579,000	2,826,000
Debt Instrument, Face Amount				27,500,000	75,000,000
Payments to Acquire Property, Plant, and Equipment				49,000	86,000
Operating Lease, Expense				$ 303,000	289,000
Measurement Input, Discount Rate [Member]
Incentive Plan Future Commitment, Measurement Input				6%
The 401(k) Retirement Plan [Member]
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	100%
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	50%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	4%
Defined Contribution Plan, Cost				$ 610,000	363,000
The 409(A) Non-qualified Deferred Compensation Plan [Member]
Deferred Compensation Arrangement with Individual, Recorded Liability				784,000	748,000
UTAH | Building [Member]
Area of Real Estate Property | ft²			30,700
UTAH | Land [Member]
Area of Land | a			3.6
Payments to Acquire Property, Plant, and Equipment			$ 1,240,000
Margin Account [Member]
Proceeds from Issuance of Debt				$ 45,500,000		$ 29,500,000
Investment Margin Account					$ 75,000,000
Debt Instrument, Face Amount		$ 27,500,000
Debt Instrument, Basis Spread on Variable Rate						0.50%
Debt Instrument, Interest Rate, Effective Percentage				5.50%
Real Estate Bank Loan Secured by Logan Office [Member]
Loans Payable to Bank			$ 2,260,000	$ 1,120,000
Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate			4.66%				3.33%
Long-Term Debt, Term							10 years
Debt Instrument, Periodic Payment				$ 16,700

Note 4 - Debts and Commitment_3

Note 4 - Debts and Commitments - Future Obligations (Details)	Sep. 30, 2024 USD ($)
Operating lease payments due, year one	$ 89,000
Operating lease payments due, year two	37,000
Operating lease payments due	126,000
Deferred compensation plan payments due, year two	784,000
Deferred compensation plan payments due	784,000
Payments due, year one	253,000
Payments due, year two	2,732,000
Payments due, year three	980,000
Payments due, year four	689,000
Payments due, year five	520,000
Payments due, thereafter	591,000
Payments due	5,765,000
Real Estate Loan [Member]
Debt payments due, year one	164,000
Debt payments due, year two	169,000
Debt payments due, year three	175,000
Debt payments due, year four	181,000
Debt payments due, year five	187,000
Debt payments due, thereafter	244,000
Debt payments due	1,120,000
Long Term Accrued Liabilities [Member]
Debt payments due, year two	1,742,000	[1]
Debt payments due, year three	805,000	[1]
Debt payments due, year four	508,000	[1]
Debt payments due, year five	333,000	[1]
Debt payments due, thereafter	347,000	[1]
Debt payments due	$ 3,735,000	[1]
[1]The long-term accrued liabilities for the Management Incentive Plan are discounted to the present value using a discount rate of 6%.

Note 6 - Reportable Segments (D

Note 6 - Reportable Segments (Details Textual)	12 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
Number of Reportable Segments	2
Revenues	$ 69,931,000	$ 67,709,000
Traditional Business [Member]
Revenues	16,826,000	16,253,000
Traditional Business [Member] | Transferred at Point in Time [Member]
Revenues	12,364,000	11,850,000
Traditional Business [Member] | Transferred over Time [Member]
Revenues	4,462,000	4,403,000
Journal Technologies [Member]
Revenues	53,105,000	51,456,000
Journal Technologies [Member] | Transferred at Point in Time [Member]
Revenues	25,112,000	28,209,000
Journal Technologies [Member] | Transferred over Time [Member]
Revenues	$ 27,993,000	$ 23,247,000

Note 6 - Reportable Segments -

Note 6 - Reportable Segments - Summarized Financial Information for Reportable Segments (Details) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Revenues	$ 69,931,000	$ 67,709,000
Salaries and employee benefits	47,178,000	43,450,000
Stock-based compensation	202,000
(Decrease) increase to the long-term Supplemental compensation accrual	(495,000)	(295,000)
Total operating expenses	65,861,000	61,057,000
Income from operations	4,070,000	6,652,000
Dividends and interest income	7,102,000	8,340,000
Gains on sales of capital assets	4,000
Net realized and unrealized gains on investments	96,142,000	17,446,000
Net unrealized gains (losses) on non-qualified deferred compensation plan	47,000	(4,000)
Pretax income	104,278,000	28,102,000
Provision for income taxes	(26,165,000)	(6,650,000)
Net income	78,113,000	21,452,000	$ (21,452,000)
Total assets	403,763,000	354,860,000
Capital expenditures	49,000	86,000
Real Estate Bank Loan Secured by Logan Office [Member]
Interest expense on debt	(69,000)	(77,000)
Margin Account [Member]
Interest expense on debt	(3,018,000)	(4,255,000)
Advertising [Member]
Revenues	9,325,000	8,955,000
Subscription and Circulation [Member]
Revenues	4,462,000	4,403,000
Advertising Service Fees and Other [Member]
Revenues	3,039,000	2,895,000
License and Maintenance [Member]
Revenues	28,265,000	23,503,000
Consulting Fees [Member]
Revenues	15,086,000	19,776,000
Service, Other [Member]
Revenues	9,754,000	8,177,000
Others	18,976,000
Admission [Member]
Revenues		8,177,000
Others		17,902,000
Traditional Business [Member]
Revenues	16,826,000	16,253,000
Journal Technologies [Member]
Revenues	53,105,000	51,456,000
Operating Segments [Member] | Traditional Business [Member]
Revenues	16,826,000	16,253,000
Salaries and employee benefits	10,352,000	10,416,000
Stock-based compensation	30,000
(Decrease) increase to the long-term Supplemental compensation accrual	(495,000)	(470,000)
Others	5,360,000	4,626,000
Total operating expenses	15,247,000	14,572,000
Income from operations	1,579,000	1,681,000
Pretax income	1,579,000	1,681,000
Provision for income taxes	(395,000)	(520,000)
Net income	1,184,000	1,161,000
Total assets	14,486,000	18,744,000
Capital expenditures	23,000	70,000
Operating Segments [Member] | Traditional Business [Member] | Advertising [Member]
Revenues	9,325,000	8,955,000
Operating Segments [Member] | Traditional Business [Member] | Subscription and Circulation [Member]
Revenues	4,462,000	4,403,000
Operating Segments [Member] | Traditional Business [Member] | Advertising Service Fees and Other [Member]
Revenues	3,039,000	2,895,000
Operating Segments [Member] | Journal Technologies [Member]
Revenues	53,105,000	51,456,000
Salaries and employee benefits	36,826,000	33,034,000
Stock-based compensation	172,000
(Decrease) increase to the long-term Supplemental compensation accrual		175,000
Others	13,616,000	13,276,000
Total operating expenses	50,614,000	46,485,000
Income from operations	2,491,000	4,971,000
Pretax income	2,491,000	4,971,000
Provision for income taxes	(735,000)	(1,450,000)
Net income	1,756,000	3,521,000
Total assets	29,838,000	33,100,000
Capital expenditures	26,000	16,000
Operating Segments [Member] | Journal Technologies [Member] | License and Maintenance [Member]
Revenues	28,265,000	23,503,000
Operating Segments [Member] | Journal Technologies [Member] | Consulting Fees [Member]
Revenues	15,086,000	19,776,000
Operating Segments [Member] | Journal Technologies [Member] | Service, Other [Member]
Revenues	9,754,000	8,177,000
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]
Dividends and interest income	7,102,000	8,340,000
Gains on sales of capital assets	4,000
Net realized and unrealized gains on investments	96,142,000	17,446,000
Net unrealized gains (losses) on non-qualified deferred compensation plan	47,000	(4,000)
Pretax income	100,208,000	21,450,000
Provision for income taxes	(25,035,000)	(4,680,000)
Net income	75,173,000	16,770,000
Total assets	359,439,000	303,016,000
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member] | Real Estate Bank Loan Secured by Logan Office [Member]
Interest expense on debt	(69,000)	(77,000)
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member] | Margin Account [Member]
Interest expense on debt	$ (3,018,000)	$ (4,255,000)