0001413898-21-000020 | 10-Q | XBRL Viewer

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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2021	Apr. 22, 2021
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity File Number	1-33741
Entity Registrant Name	A. H. Belo Corporation
Entity Incorporation, State or Country Code	TX
Entity Tax Identification Number	38-3765318
Entity Address, Address Line One	P. O. Box 224866
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75222-4866
City Area Code	214
Local Phone Number	977-7342
Title of 12(b) Security	Series A Common Stock, $0.01 par value
Trading Symbol	AHC
Security Exchange Name	NYSE
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
Entity Shell Company	false
Entity Central Index Key	0001413898
Amendment Flag	false
Series A [Member]
Entity Common Stock, Shares Outstanding		18,941,420
Series B [Member]
Entity Common Stock, Shares Outstanding		2,469,003

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Net Operating Revenue:
Total net operating revenue	$ 36,815	$ 40,343
Operating Costs and Expense:
Employee compensation and benefits	17,947	19,016
Other production, distribution and operating costs	19,090	20,992
Newsprint, ink and other supplies	2,341	3,271
Depreciation	1,074	1,765
Amortization	64	64
Gain on sale/disposal of assets, net	(1)	(5)
Total operating costs and expense	40,515	45,103
Operating loss	(3,700)	(4,760)
Other income, net	1,254	1,352
Loss Before Income Taxes	(2,446)	(3,408)
Income tax provision (benefit)	319	(1,787)
Net Loss	$ (2,765)	$ (1,621)
Per Share Basis
Net loss, basic and diluted	$ (0.13)	$ (0.08)
Number of common shares used in the per share calculation:
Basic and diluted	21,410,423	21,410,423
Advertising And Marketing Services [Member]
Net Operating Revenue:
Total net operating revenue	$ 16,769	$ 19,327
Circulation [Member]
Net Operating Revenue:
Total net operating revenue	16,022	16,414
Printing, Distribution And Other [Member]
Net Operating Revenue:
Total net operating revenue	$ 4,024	$ 4,602

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Consolidated Statements of Comprehensive Income (Loss) [Abstract]
Net Loss	$ (2,765)	$ (1,621)
Other Comprehensive Income, Net of Tax:
Amortization of actuarial losses	360	219
Total other comprehensive income, net of tax	360	219
Total Comprehensive Loss	$ (2,405)	$ (1,402)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

+ Details

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 38,132	$ 42,015
Accounts receivable (net of allowance of $863 and $712 at March 31, 2021 and December 31, 2020, respectively)	15,503	16,562
Notes receivable	22,775	22,775
Inventories	2,366	1,974
Prepaids and other current assets	6,312	4,780
Total current assets	85,088	88,106
Property, plant and equipment, at cost	312,578	312,532
Less accumulated depreciation	(301,646)	(300,573)
Property, plant and equipment, net	10,932	11,959
Operating lease right-of-use assets	19,764	20,406
Intangible assets, net		64
Deferred income taxes, net	91	76
Other assets	2,213	2,604
Total assets	118,088	123,215
Current liabilities:
Accounts payable	7,381	7,759
Accrued compensation and benefits	5,557	5,754
Other accrued expense	4,967	5,075
Contract liabilities	13,760	12,896
Total current liabilities	31,665	31,484
Long-term pension liabilities	17,119	18,520
Long-term operating lease liabilities	21,216	21,890
Other post-employment benefits	1,360	1,372
Other liabilities	3,581	3,541
Total liabilities	74,941	76,807
Shareholders' equity:
Preferred stock, $.01 par value; Authorized 2,000,000 shares; none issued
Treasury stock, Series A, at cost; 1,913,860 shares held at March 31, 2021 and December 31, 2020	(13,443)	(13,443)
Additional paid-in capital	494,389	494,389
Accumulated other comprehensive loss	(32,108)	(32,468)
Accumulated deficit	(405,924)	(402,303)
Total shareholders’ equity	43,147	46,408
Total liabilities and shareholders’ equity	118,088	123,215
Series A [Member]
Shareholders' equity:
Common stock, $.01 par value; Authorized 125,000,000 shares	209	209
Series B [Member]
Shareholders' equity:
Common stock, $.01 par value; Authorized 125,000,000 shares	$ 24	$ 24

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Allowance for doubtful accounts receivable	$ 863	$ 712
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	125,000,000	125,000,000
Series A [Member]
Common stock, shares, issued	20,855,280	20,855,200
Series B [Member]
Common stock, shares, issued	2,469,003	2,469,083
Treasury Stock [Member] \| Series A [Member]
Treasury stock Series A, shares held	1,913,860	1,913,860

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member] Series A [Member]	Common Stock [Member] Series B [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member] Series A [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Deficit [Member]	Total
Beginning Balance at Dec. 31, 2019			$ 233	$ 494,389		$ (13,443)	$ (32,294)	$ (391,148)	$ 57,737
Beginning Balance, Shares at Dec. 31, 2019	20,854,975	2,469,308
Beginning Balance, Treasury Stock at Dec. 31, 2019					(1,913,860)
Net loss								(1,621)	(1,621)
Other comprehensive income							219		219
Conversion of Series B to Series A, shares	225	(225)
Dividends declared								(1,713)	(1,713)
Ending Balance at Mar. 31, 2020			233	494,389		$ (13,443)	(32,075)	(394,482)	54,622
Ending Balance, Shares at Mar. 31, 2020	20,855,200	2,469,083
Ending Balance, Shares Treasury Stock at Mar. 31, 2020					(1,913,860)
Beginning Balance at Dec. 31, 2020			233	494,389			(32,468)	(402,303)	46,408
Beginning Balance, Shares at Dec. 31, 2020	20,855,200	2,469,083				13,443,000
Beginning Balance, Treasury Stock at Dec. 31, 2020					(1,913,860)
Net loss								(2,765)	(2,765)
Other comprehensive income							360		360
Conversion of Series B to Series A, shares	80	(80)
Dividends declared								(856)	(856)
Ending Balance at Mar. 31, 2021			$ 233	$ 494,389		$ (13,443)	$ (32,108)	$ (405,924)	$ 43,147
Ending Balance, Shares at Mar. 31, 2021	20,855,280	2,469,003
Ending Balance, Shares Treasury Stock at Mar. 31, 2021					(1,913,860)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

+ Details

- Definition

Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

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+ Details

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Consolidated Statements of Shareholders' Equity [Abstract]
Dividends declared per share	$ 0.04	$ 0.08

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Operating Activities
Net loss	$ (2,765)	$ (1,621)
Adjustments to reconcile net loss to net cash used for operating activities:
Depreciation and amortization	1,138	1,829
Net periodic pension and other post-employment benefit	(1,035)	(1,154)
Bad debt expense	211	296
Deferred income taxes	(15)	14
Gain on sale/disposal of assets, net	(1)	(5)
Loss on investment related activity		18
Changes in working capital and other operating assets and liabilities:
Accounts receivable	848	3,199
Inventories, prepaids and other current assets	(1,924)	(4,189)
Other assets	391	(1)
Accounts payable	(378)	(1,114)
Compensation and benefit obligations	(197)	(2,112)
Other accrued expenses	16	78
Contract liabilities	864	2,185
Other post-employment benefits	(18)	(17)
Net cash used for operating activities	(2,865)	(2,594)
Investing Activities
Purchases of assets	(163)	(390)
Sales of assets	1	5
Net cash used for investing activities	(162)	(385)
Financing Activities
Dividends paid	(856)	(1,713)
Net cash used for financing activities	(856)	(1,713)
Net decrease in cash and cash equivalents	(3,883)	(4,692)
Cash and cash equivalents, beginning of period	42,015	48,626
Cash and cash equivalents, end of period	38,132	43,934
Supplemental Disclosures
Income tax paid, net	8	5
Noncash investing and financing activities:
Dividends Payable	$ 856	$ 1,713

Basis of Presentation and Recently Issued Accounting Standards

3 Months Ended

Mar. 31, 2021

Basis of Presentation and Recently Issued Accounting Standards [Abstract]

Basis of Presentation and Recently Issued Accounting Standards

Note 1: Basis of Presentation and Recently Issued Accounting Standards

Description of Business. A. H. Belo Corporation and subsidiaries are referred to collectively herein as “A. H. Belo” or the “Company.” The Company, headquartered in Dallas, Texas, is the leading local news and information publishing company in Texas. The Company has a growing presence in emerging media and digital marketing, and maintains capabilities related to commercial printing, distribution and direct mail. A. H. Belo delivers news and information in innovative ways to a broad range of audiences with diverse interests and lifestyles.

The Company publishes The Dallas Morning News (www.dallasnews.com), Texas’ leading newspaper and winner of nine Pulitzer Prizes, and various niche publications targeting specific audiences. Its newspaper operations also provide commercial printing and distribution services to several large national newspapers. In addition, the Company has the capabilities of a full-service strategy, creative and media agency that focuses on strategic and digital marketing, and data intelligence that provide a measurable return on investment to its clients.

COVID-19 Pandemic. Currently, the rapid spread of coronavirus (COVID-19 pandemic) globally has resulted in increased travel restrictions, and disruption and shutdown of businesses. The outbreak and any preventative or protective actions that the Company has taken and may continue to take, or may be imposed on the Company by governmental intervention, in respect of the pandemic may result in a period of disruption to the Company’s financial reporting capabilities, its printing operations, and its operations generally. COVID-19 is impacting, and may continue to impact, the Company’s customers, distribution partners, advertisers, production facilities, and third parties, and could result in additional loss of advertising revenue or supply chain disruption. The Company has been following the recommendations of local government and health authorities to minimize exposure risk for employees, including the temporary closure of some of the Company’s offices and having employees work remotely. Employees, including financial reporting staff, have been working remotely since on or about March 10, 2020, even as the stay-at-home orders were lifted in Texas. If the pandemic were to affect a significant number of the workforce employed in printing operations, the Company may experience delays or be unable to produce, print and deliver its publications and other third-party print publications on a timely basis. The extent to which the coronavirus impacts the Company’s results will depend on future developments, which are highly uncertain and include the actions taken by governments and private businesses to contain the coronavirus. The coronavirus is likely to continue to have an adverse impact on the Company’s business, results of operations and financial condition at least for the near term.

Media was designated an essential business, therefore the Company’s operations have continued throughout the pandemic. The Company is experiencing an increase in digital subscriptions, which currently does not offset the loss of advertising revenue. On April 6, 2020, the Company announced that it was taking several actions in response to the financial impact of COVID-19. The Company reduced operating and capital expenditures, and lowered the quarterly dividend rate to $0.04 per share for dividends declared. Beginning with the 2020 annual meeting of shareholders, the board of directors’ compensation was reduced and the board was reduced in size by two. In addition, employees’ base compensation was reduced Company-wide, and the annual bonus tied to financial metrics for eligible employees was not achieved. In August 2020, the Company began to restore base salaries and by October, the Company restored base salaries prospectively for all employees, with the exception of the executive officers that report to the Chief Executive Officer. The executive officers’ base salaries were restored effective January 1, 2021. The Company continues to evaluate the future material impacts on its consolidated financial statements that may result from the actions taken by the Company and its customers in respect of the pandemic.

Basis of Presentation. The interim consolidated financial statements included herein are unaudited; however, they include adjustments of a normal recurring nature which, in the Company’s opinion, are necessary to present fairly the consolidated financial information as of and for the periods indicated in conformity with accounting principles generally accepted in the United States of America (“GAAP”) applicable to interim periods. All intercompany balances and transactions have been eliminated in consolidation. The Company consolidates its majority owned subsidiaries over which the Company exercises control. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020. All dollar amounts presented herein, except share and per share amounts, are in thousands, unless the context indicates otherwise.

Use of Estimates. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) the disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published, and (iii) the reported amount of net operating revenues and expenses recognized during the periods presented. Adjustments made with respect to the use of estimates often relate to improved information

not previously available. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of financial statements; accordingly, actual results could differ from these estimates.

The COVID-19 pandemic has caused increased uncertainty in management’s estimates and assumptions affecting these interim consolidated financial statements. Areas where significant estimates are used include pension and other post-employment benefit obligation assumptions, income taxes, leases, self-insured liabilities, and long-lived assets impairment review.

Segment Presentation. Based on the Company’s structure and organizational chart, the Company’s chief operating decision-maker (the “CODM”) is its Chief Executive Officer, Robert W. Decherd. Based on how the Company’s CODM makes decisions about allocating resources and assessing performance, the Company determined it has one reportable segment.

New Accounting Pronouncements. The Financial Accounting Standards Board (“FASB”) issued the following accounting pronouncements and guidance, which may be applicable to the Company but have not yet become effective.

In June 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-13 – Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This update requires financial assets measured at amortized cost basis to be presented at the net amount expected to be collected. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. Since June 2016, the FASB issued clarifying updates to the new standard including changing the effective date for smaller reporting companies. The guidance will be effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the requirements of this update and has not yet determined its impact on the Company’s consolidated financial statements.

Revenue

3 Months Ended

Mar. 31, 2021

Revenue [Abstract]

Revenue

Note 2: Revenue

Revenue Recognition

Revenue is recognized when obligations under the terms of a contract with our customer are satisfied. This occurs when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services, typically at contract price or determined by stand-alone selling price. The Company has an estimated allowance for credits, refunds and similar obligations. Sales tax collected concurrent with revenue-producing activities are excluded from revenue.

Accounts receivable are reported net of a valuation reserve that represents an estimate of amounts considered uncollectible. The Company estimates the allowance for doubtful accounts based on historical write-off experience and the Company’s knowledge of the customers’ ability to pay amounts due. Accounts are written-off after all collection efforts fail; generally, after one year has expired. Expense for such uncollectible amounts is included in other production, distribution and operating costs. Credit terms are customary.

The table below sets forth revenue disaggregated by revenue source.



	Three Months Ended March 31,
	2021		2020
Advertising and Marketing Services
Print advertising	$	11,226	$	12,799
Digital advertising and marketing services		5,543		6,528
Total	$	16,769	$	19,327

Circulation
Print circulation	$	13,976	$	15,017
Digital circulation		2,046		1,397
Total	$	16,022	$	16,414

Printing, Distribution and Other	$	4,024	$	4,602

Total Revenue	$	36,815	$	40,343

Advertising and Marketing Services

Print advertising revenue represents sales of advertising space within the Company’s core and niche newspapers, as well as preprinted advertisements inserted into the Company’s core newspapers and niche publications or distributed to non-subscribers through the mail.

Digital advertising and marketing services revenue consists of strategic marketing management, consulting, creative services, targeted and multi-channel (programmatic) advertising placed on third-party websites, digital sales of banner, classified and native advertisements on the Company’s news and entertainment-related websites and mobile apps, social media management, search optimization, direct mail and the sale of promotional materials.

Advertising and marketing services revenue is primarily recognized at a point in time when the ad or service is complete and delivered, based on the customers’ contract price. Barter advertising transactions are recognized at estimated fair value based on the negotiated contract price and the range of prices for similar advertising from customers unrelated to the barter transaction. The Company expenses barter costs as incurred, which is independent from the timing of revenue recognition. In addition, certain digital advertising revenue related to website access is recognized over time, based on the customers’ monthly rate. The Company typically extends credit to advertising and marketing services customers, although for certain advertising campaigns the customer may pay in advance.

For ads placed on certain third-party websites, the Company must evaluate whether it is acting as the principal, where revenue is reported on a gross basis, or acting as the agent, where revenue is reported on a net basis. Generally, the Company reports advertising revenue for ads placed on third-party websites on a net basis, meaning the amount recorded to revenue is the amount billed to the customer net of amounts paid to the publisher of the third-party website. The Company is acting as the agent because the publisher controls the advertising inventory.

Circulation

Print circulation revenue is generated primarily by selling home delivery subscriptions, including premium publications, and from single copy sales to non-subscribers. Home delivery revenue is recognized over the subscription period based on the days of actual delivery over the total subscription days and single copy revenue is recognized at a point in time when the paper is purchased. Revenue is directly reduced for any non-payment for the grace period of home delivery subscriptions where the Company recorded revenue for newspapers delivered after a subscription expired.

Digital circulation revenue is generated by digital-only subscriptions and is recognized over the subscription period based on daily or monthly access to the content in the subscription period.

Payment of circulation fees is typically received in advance and deferred over the subscription period.

Printing, Distribution and Other

Printing, distribution and other revenue is primarily generated from printing and distribution of other newspapers, as well as production of preprinted advertisements for other newspapers. Printing, distribution and other revenue is recognized at a point in time when the product or service is delivered. The Company typically extends credit to printing and distribution customers.

Deferred Revenue

Deferred revenue is recorded when cash payments are received in advance of the Company’s performance, including amounts which are refundable. The Company’s primary sources of deferred revenue are from circulation subscriptions and advertising paid in advance of the service provided. These up-front payments are recorded upon receipt as contract liabilities in the Consolidated Balance Sheets and the revenue is recognized when the Company’s obligations under the terms of the contract are satisfied. In the three months ended March 31, 2021, the Company recognized $7,199 of revenue that was included in the contract liabilities balance as of December 31, 2020. The Company typically recognizes deferred revenue within 1 to 12 months.

Practical Expedients and Exemptions

The Company generally expenses sales commissions and circulation acquisition costs when incurred because the amortization period would have been one year or less. These costs are recorded within employee compensation and benefits expense and other production, distribution and operating costs expense, respectively.

The Company does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less and contracts for which revenue is recognized at the amount invoiced for services performed.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

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+ Details

Leases

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Leases

Note 3: Leases

Lease Accounting

The Company has various operating leases primarily for office space and other distribution centers, some of which include escalating lease payments and options to extend or terminate the lease. The Company’s leases have remaining terms of less than 1 year to 13 years. The Company determines if a contract is a lease at the inception of the arrangement.

Operating lease right-of-use assets and liabilities are recognized at commencement date of lease agreements greater than one year based on the present value of lease payments over the lease term. In determining the present value of lease payments, the implicit rate was not readily determinable in the Company’s lease agreements. Therefore, the Company used an estimated secured incremental borrowing rate, based on the Company’s credit rating, adjusted for the weighted average term of each lease. Lease expense is recognized on a straight-line basis over the lease term and variable lease costs are expensed as incurred. For leases with terms of 12 months or less, no asset or liability is recorded and lease expense is recognized on a straight-line basis over the lease term. The exercise of lease renewal options are at the Company’s sole discretion and options are recognized when it is reasonably certain the Company will exercise the option. The recognized right-of-use assets and lease liabilities as calculated do not assume renewal options. The Company does not have lease agreements with residual value guarantees, sale leaseback terms or material restrictive covenants. Additionally, the Company does not separately identify lease and nonlease components, such as maintenance costs.

The Company subleases office space to the Denton Publishing Company and, beginning in the fourth quarter of 2020, office space in Dallas, Texas both with a remaining lease term of approximately three years. Additionally, the Company has various subleases with distributors, for distribution center space, with varying remaining lease terms of less than one year to two years and are cancellable with notice by either party. Sublease income is included in printing, distribution and other revenue in the Consolidated Statements of Operations. As of March 31, 2021, sublease income is expected to approximate $570 for the remainder of 2021, $550 in 2022, and $320 in 2023.

As of March 31, 2021, the Company did not have any significant operating leases that have not yet commenced.

The table below sets forth supplemental Consolidated Balance Sheet information for the Company’s leases.



	Classification		March 31, 2021		December 31, 2020
Assets
Operating	Operating lease right-of-use assets	$	19,764	$	20,406

Liabilities
Operating
Current	Other accrued expense	$	2,330	$	2,306
Noncurrent	Long-term operating lease liabilities		21,216		21,890
Total lease liabilities		$	23,546	$	24,196

Lease Term and Discount Rate
Operating leases
Weighted average remaining lease term (years)			10.5		10.6
Weighted average discount rate (%)			7.4		7.4

‎

The table below sets forth components of lease cost and supplemental cash flow information for the Company’s leases.



	Three Months Ended March 31,
	2021		2020
Lease Cost
Operating lease cost	$	1,075	$	1,046
Short-term lease cost		4		4
Variable lease cost		179		138
Sublease income		(237)		(195)
Total lease cost	$	1,021	$	993

Supplemental Cash Flow Information
Cash paid for operating leases included in operating activities	$	1,075	$	1,017
Right-of-use assets obtained in exchange for operating lease liabilities		—		1,540

The table below sets forth the remaining maturities of the Company’s lease liabilities as of March 31, 2021.



Years Ending December 31,	Operating Leases
2021	$	2,901
2022		4,232
2023		3,325
2024		2,467
2025		2,430
Thereafter		19,691
Total lease payments		35,046
Less: imputed interest		11,500
Total lease liabilities	$	23,546

Intangible Assets

3 Months Ended

Mar. 31, 2021

Intangible Assets [Abstract]

Intangible Assets

Note 4: Intangible Assets

The table below sets forth intangible assets as of March 31, 2021 and December 31, 2020.



	March 31,		December 31,
	2020		2020
Intangible Assets
Cost	$	2,030	$	2,030
Accumulated Amortization		(2,030)		(1,966)
Net Carrying Value	$	—	$	64

The intangible assets include $1,520 of developed technology with an estimated useful life of five years, fully amortized in 2019, and $510 of customer relationships with estimated useful lives of two years, fully amortized in the first quarter of 2021. Aggregate amortization expense was $64 for the three months ended March 31, 2021 and 2020.

As of March 31, 2021, the Company performed a review of potential impairment indicators for its long-lived assets, including property, plant and equipment, and right-of-use assets. The Company determined there was no significant decrease in the market value of the long-lived assets or significant change in the extent or manner in which the asset group is being used or in its physical condition as of March 31, 2021, and there was no significant adverse change in legal factors or in the business climate during the period that could affect the value of the asset group. Based upon the review of indicators, the Company believes its long-lived assets continue to be recoverable based upon the estimate of the expected undiscounted cash flows, including the cash flows from ultimate disposition of the assets of the asset group.

Income Taxes

3 Months Ended

Mar. 31, 2021

Income Taxes [Abstract]

Income Taxes

Note 5: Income Taxes

The Company calculated the income tax provision (benefit) for the 2021 and 2020 interim periods using an estimated annual effective tax rate based on its expected annual loss before income taxes, adjusted for permanent differences, which it applied to the year-to-date loss before income taxes and specific events that are discretely recognized as they occur.

The Company recognized income tax provision (benefit) of $319 and $(1,787) for the three months ended March 31, 2021 and 2020, respectively. Effective income tax rates were (13.0) percent and 52.4 percent for the three months ended March 31, 2021 and 2020, respectively. The income tax provision for the three months ended March 31, 2021, was due to the effect of the Texas margin tax. The Company expects it is reasonably possible to recognize a tax benefit of approximately $2,575 within the next six months from the release of a federal uncertain tax reserve, due to the statute lapsing in August 2021.

The income tax benefit for the three months ended March 31, 2020, was due to the recognition of the 2018 net operating loss carryback permitted by the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), partially offset by the effect of the Texas margin tax.

In response to COVID-19, the CARES Act was signed into law in March 2020. The CARES Act provides numerous tax provisions and other stimulus measures, including temporary changes regarding the prior and future utilization of net operating losses, temporary changes to the prior and future limitations on interest deductions, temporary suspension of certain payment requirements for the employer portion of Social Security taxes, technical corrections from prior tax legislation for tax depreciation of certain qualified improvement property, and the creation of certain refundable employee retention credits. The Company has benefited from the temporary five year net operating loss carryback provision and the technical correction for qualified leasehold improvements, which changes 39-year property to 15-year property, eligible for 100 percent tax bonus depreciation. Applying the technical correction to 2018 resulted in reporting additional tax depreciation of $1,017 and increased the 2018 net operating loss to approximately $6,829. The loss was carried back against 2014 taxes paid at the federal statutory rate of 35 percent that was previously in effect, resulting in a cash refund of $2,425, including interest, received in October 2020. The Company also applied the technical correction for qualified leasehold improvements to the 2019 and 2020 tax years, the results of which were reflected in the deferred tax assets and liabilities as of December 31, 2020.

The Consolidated Appropriations Act, 2021, which includes the COVID-related Tax Relief Act of 2020 and the Taxpayer Certainty and Disaster Tax Relief Act of 2020, was passed and signed into law the last week of 2020. Among others, the provisions in this act included items such as guidance on expenses associated with forgiven Paycheck Protection Program loans, business meals deductions, individual tax rebates and unemployment benefits. In addition, the American Rescue Plan Act of 2021, designed to speed up the United States’ economic recovery, was passed and signed into law on March 11, 2021. The Company did not avail itself of any of the items contained in these recent acts.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Pension and Other Retirement Plans

3 Months Ended

Mar. 31, 2021

Pension and Other Retirement Plans [Abstract]

Pension and Other Retirement Plans

Note 6: Pension and Other Retirement Plans

Defined Benefit Plans. The Company sponsors the A. H. Belo Pension Plans (the “Pension Plans”), which provide benefits to approximately 1,400 current and former employees of the Company. A. H. Belo Pension Plan I provides benefits to certain current and former employees primarily employed with The Dallas Morning News or the A. H. Belo corporate offices. A. H. Belo Pension Plan II provides benefits to certain former employees of The Providence Journal Company. This obligation was retained by the Company upon the sale of the newspaper operations of The Providence Journal. No additional benefits are accruing under the A. H. Belo Pension Plans, as future benefits were frozen.

No contributions are required to the A. H. Belo Pension Plans in 2021 under the applicable tax and labor laws governing pension plan funding.

Net Periodic Pension Benefit

The Company’s estimates of net periodic pension expense or benefit are based on the expected return on plan assets, interest on the projected benefit obligations and the amortization of actuarial gains and losses that are deferred in accumulated other comprehensive loss. Participation in and accrual of new benefits to participants has been frozen since 2007 and, accordingly, on-going service costs are not a component of net periodic pension expense (benefit).

‎

The table below sets forth components of net periodic pension benefit, which are included in other income, net in the Consolidated Statements of Operations.



	Three Months Ended March 31,
	2021		2020
Interest cost	$	1,174	$	1,559
Expected return on plans' assets		(2,574)		(2,941)
Amortization of actuarial loss		361		220
Net periodic pension benefit	$	(1,039)	$	(1,162)

Defined Contribution Plans. The A. H. Belo Savings Plan (the “Savings Plan”), a defined contribution 401(k) plan, covers substantially all employees of A. H. Belo. Participants may elect to contribute a portion of their pretax compensation as provided by the Savings Plan and the Internal Revenue Code. Employees can contribute up to 100 percent of their annual eligible compensation less required withholdings and deductions up to statutory limits. The Company provides an ongoing dollar-for-dollar match of eligible employee contributions, up to 1.5 percent of the employees’ compensation. Aggregate expense for matching contributions to the Savings Plan was $220 for the three months ended March 31, 2021 and 2020.

- Definition

The entire disclosure for retirement benefits.

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+ Details

Shareholders' Equity

3 Months Ended

Mar. 31, 2021

Shareholders' Equity [Abstract]

Shareholders' Equity

Note 7: Shareholders’ Equity

Dividends. On March 4, 2021, the Company’s board of directors declared a $0.04 per share dividend to shareholders of record as of the close of business on May 14, 2021, which is payable on June 4, 2021.

Outstanding Shares. The Company had Series A and Series B common stock outstanding of 18,941,420 and 2,469,003, respectively, net of treasury shares at March 31, 2021. At December 31, 2020, the Company had Series A and Series B common stock outstanding of 18,941,340 and 2,469,083, respectively, net of treasury shares.

Accumulated Other Comprehensive Loss. Accumulated other comprehensive loss consists of actuarial gains and losses attributable to the A. H. Belo Pension Plans, gains and losses resulting from Pension Plans’ amendments and other actuarial experience attributable to other post-employment benefit (“OPEB”) plans. The Company records amortization of the components of accumulated other comprehensive loss in other income, net in its Consolidated Statements of Operations. Gains and losses are amortized over the weighted average remaining life expectancy of the OPEB plans and Pension Plans’ participants.

The table below sets forth the changes in accumulated other comprehensive loss, net of tax, as presented in the Company’s consolidated financial statements.



	Three Months Ended March 31,
	2021						2020
	Total		Defined ‎benefit pension ‎plans		Other post- ‎ employment ‎benefit plans		Total		Defined ‎benefit pension ‎plans		Other post- ‎ employment ‎benefit plans
Balance, beginning of period	$	(32,468)	$	(32,571)	$	103	$	(32,294)	$	(32,443)	$	149
Amortization		360		361		(1)		219		220		(1)
Balance, end of period	$	(32,108)	$	(32,210)	$	102	$	(32,075)	$	(32,223)	$	148

‎

Earnings Per Share

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share

Note 8: Earnings Per Share

The table below sets forth the net loss available to common shareholders and weighted average shares used for calculating basic and diluted earnings per share (“EPS”). The Company’s Series A and Series B common stock equally share in the distributed and undistributed earnings.



	Three Months Ended March 31,
	2021		2020
Earnings (Numerator)
Net loss available to common shareholders	$	(2,765)	$	(1,621)

Shares (Denominator)
Weighted average common shares outstanding (basic and diluted)		21,410,423		21,410,423

Loss Per Share
Basic and diluted	$	(0.13)	$	(0.08)

There were no options or RSUs outstanding as of March 31, 2021 and 2020, that would result in dilution of shares or the calculation of EPS under the two-class method as prescribed under ASC 260 – Earnings Per Share.

Contingencies

3 Months Ended

Mar. 31, 2021

Contingencies [Abstract]

Contingencies

Note 9: Contingencies

Legal proceedings. From time to time, the Company is involved in a variety of claims, lawsuits and other disputes arising in the ordinary course of business. Management routinely assesses the likelihood of adverse judgments or outcomes in these matters, as well as the ranges of probable losses to the extent losses are reasonably estimable. Accruals for contingencies are recorded when, in the judgment of management, adverse judgments or outcomes are probable and the financial impact, should an adverse outcome occur, is reasonably estimable. The determination of likely outcomes of litigation matters relates to factors that include, but are not limited to, past experience and other evidence, interpretation of relevant laws or regulations and the specifics and status of each matter. Predicting the outcome of claims and litigation and estimating related costs and financial exposure involves substantial uncertainties that could cause actual results to vary materially from estimates and accruals. In the opinion of management, liabilities, if any, arising from other currently existing claims against the Company would not have a material adverse effect on A. H. Belo’s results of operations, liquidity or financial condition.

Disposal of Assets

3 Months Ended

Mar. 31, 2021

Disposal of Assets [Abstract]

Disposal of Assets

Note 10: Disposal of Assets

In May 2019, the Company finalized a Purchase and Sale Agreement with Charter DMN Holdings, LP (the “Purchaser”) for the sale of the real estate assets in downtown Dallas, Texas, previously used as the Company’s headquarters for a sale price of $28,000 and a pretax gain of $25,908. The sale price consisted of $4,597 cash received, after selling costs of approximately $1,000, and a two year seller-financed promissory note of $22,400 (the “Promissory Note”), included in current notes receivable in the Consolidated Balance Sheets. The sale provided the Company an additional $1,000 contingency payment if certain conditions were met. The contingency expired as of June 30, 2020, with no payment made by the Purchaser related to the contingency.

The Promissory Note is secured by a first lien deed of trust covering the property and bears interest payable in quarterly installments that began on July 1, 2019, continuing through its maturity on June 30, 2021, and includes a pre-payment feature. Interest will be accrued at 3.5 percent during the first year and at 4.5 percent during the second year. In the three months ended March 31, 2021 and 2020, the Company recorded $249 and $195, respectively, of interest income related to the Promissory Note, included in other income, net in the Consolidated Statements of Operations.

As a direct result of COVID-19 uncertainties, on April 3, 2020, the Company and the Purchaser entered into an amendment to the Promissory Note deferring the Purchaser’s interest payment of $195 that was due April 1, 2020, and adding it to a second promissory note (the “Second Promissory Note”). In addition, the Second Promissory Note includes a 2019 real property tax reconciliation payment due from the Purchaser under the Purchase and Sale Agreement in the amount of $180. The Second Promissory Note, in the principal amount of $375, included in current notes receivable in the Consolidated Balance Sheet, is secured by a second lien deed of trust covering the property and due June 30, 2021. The Company evaluated the collectability of the notes as a result of the Purchaser’s request to defer the first quarter 2020 interest payment and the continuation of the pandemic. Management believes as of March 31, 2021, the promissory notes are recoverable since the Purchaser is in compliance with the terms, is publicly indicating its intent to develop the property, and management believes that the value of the collateral has not materially changed from the sale date.

The timing in general of commercial development may have been impacted by the pandemic, and thus capital constraints in commercial real estate markets may exist. Management continues to closely monitor the collectability of the notes and the value of the underlying collateral. Continued economic and other effects of the pandemic could impact the timing of payment or realization of the notes.

Notes receivable are recorded net of an allowance for doubtful accounts. Interest income is accrued on the unpaid principal balance, included in accounts receivable in the Consolidated Balance Sheets. The Company puts notes receivable on non-accrual status and provides an allowance against accrued interest if it is determined the likelihood of collecting substantially all of the note and accrued interest is not probable. Notes are written-off against the allowance when all possible means of collection have been exhausted and the potential for recovery is considered remote. As of March 31, 2021 and December 31, 2020, there was no allowance recorded for the notes receivable or accrued interest receivable.

Subsequent Events

3 Months Ended

Mar. 31, 2021

Subsequent Events [Abstract]

Subsequent Events

Note 11: Subsequent Events

The Company evaluates subsequent events at the date of the consolidated balance sheet as well as conditions that arise after the balance sheet date but before the consolidated financial statements are issued. To the extent any events and conditions exist, disclosures are made regarding the nature of events and the estimated financial effects, if known, for those events and conditions.

On April 1, 2021, the Purchaser of the Company’s previous headquarters paid the first quarter 2021 interest payment of $249.

On April 22, 2021, the Company signed a non-binding Memorandum of Understanding (“MOU”) to extend the due date of the Promissory Note of $22,400 due from the Purchaser (the “Note Extension”), subject to the execution and delivery of a definitive extension agreement. The MOU provides for a one-year extension of the maturity date to June 30, 2022. In connection with the extension, the Purchaser must pay the Promissory Note’s second quarter 2021 interest of approximately $250 and the Second Promissory Note of $375, plus accrued interest, upon execution of the Note Extension. The Promissory Note will continue to be secured by a first lien deed of trust covering the property and will bear interest payable in quarterly installments at 4.5 percent through its maturity on June 30, 2022. Although the Company expects that a definitive extension agreement will be executed, there are no assurances that it will be, or when such extension would be completed.

Basis of Presentation and Recently Issued Accounting Standards (Policy)	3 Months Ended
	Mar. 31, 2021
Basis of Presentation and Recently Issued Accounting Standards [Abstract]
Description of Business, Policy	Description of Business. A. H. Belo Corporation and subsidiaries are referred to collectively herein as “A. H. Belo” or the “Company.” The Company, headquartered in Dallas, Texas, is the leading local news and information publishing company in Texas. The Company has a growing presence in emerging media and digital marketing, and maintains capabilities related to commercial printing, distribution and direct mail. A. H. Belo delivers news and information in innovative ways to a broad range of audiences with diverse interests and lifestyles. The Company publishes The Dallas Morning News (www.dallasnews.com), Texas’ leading newspaper and winner of nine Pulitzer Prizes, and various niche publications targeting specific audiences. Its newspaper operations also provide commercial printing and distribution services to several large national newspapers. In addition, the Company has the capabilities of a full-service strategy, creative and media agency that focuses on strategic and digital marketing, and data intelligence that provide a measurable return on investment to its clients.
COVID-19 Pandemic, Policy	COVID-19 Pandemic. Currently, the rapid spread of coronavirus (COVID-19 pandemic) globally has resulted in increased travel restrictions, and disruption and shutdown of businesses. The outbreak and any preventative or protective actions that the Company has taken and may continue to take, or may be imposed on the Company by governmental intervention, in respect of the pandemic may result in a period of disruption to the Company’s financial reporting capabilities, its printing operations, and its operations generally. COVID-19 is impacting, and may continue to impact, the Company’s customers, distribution partners, advertisers, production facilities, and third parties, and could result in additional loss of advertising revenue or supply chain disruption. The Company has been following the recommendations of local government and health authorities to minimize exposure risk for employees, including the temporary closure of some of the Company’s offices and having employees work remotely. Employees, including financial reporting staff, have been working remotely since on or about March 10, 2020, even as the stay-at-home orders were lifted in Texas. If the pandemic were to affect a significant number of the workforce employed in printing operations, the Company may experience delays or be unable to produce, print and deliver its publications and other third-party print publications on a timely basis. The extent to which the coronavirus impacts the Company’s results will depend on future developments, which are highly uncertain and include the actions taken by governments and private businesses to contain the coronavirus. The coronavirus is likely to continue to have an adverse impact on the Company’s business, results of operations and financial condition at least for the near term. Media was designated an essential business, therefore the Company’s operations have continued throughout the pandemic. The Company is experiencing an increase in digital subscriptions, which currently does not offset the loss of advertising revenue. On April 6, 2020, the Company announced that it was taking several actions in response to the financial impact of COVID-19. The Company reduced operating and capital expenditures, and lowered the quarterly dividend rate to $0.04 per share for dividends declared. Beginning with the 2020 annual meeting of shareholders, the board of directors’ compensation was reduced and the board was reduced in size by two. In addition, employees’ base compensation was reduced Company-wide, and the annual bonus tied to financial metrics for eligible employees was not achieved. In August 2020, the Company began to restore base salaries and by October, the Company restored base salaries prospectively for all employees, with the exception of the executive officers that report to the Chief Executive Officer. The executive officers’ base salaries were restored effective January 1, 2021. The Company continues to evaluate the future material impacts on its consolidated financial statements that may result from the actions taken by the Company and its customers in respect of the pandemic.
Basis of Presentation, Policy	Basis of Presentation. The interim consolidated financial statements included herein are unaudited; however, they include adjustments of a normal recurring nature which, in the Company’s opinion, are necessary to present fairly the consolidated financial information as of and for the periods indicated in conformity with accounting principles generally accepted in the United States of America (“GAAP”) applicable to interim periods. All intercompany balances and transactions have been eliminated in consolidation. The Company consolidates its majority owned subsidiaries over which the Company exercises control. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020. All dollar amounts presented herein, except share and per share amounts, are in thousands, unless the context indicates otherwise.
Use of Estimates, Policy	Use of Estimates. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect (i) the reported amounts of assets and liabilities, (ii) the disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published, and (iii) the reported amount of net operating revenues and expenses recognized during the periods presented. Adjustments made with respect to the use of estimates often relate to improved information not previously available. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of financial statements; accordingly, actual results could differ from these estimates. The COVID-19 pandemic has caused increased uncertainty in management’s estimates and assumptions affecting these interim consolidated financial statements. Areas where significant estimates are used include pension and other post-employment benefit obligation assumptions, income taxes, leases, self-insured liabilities, and long-lived assets impairment review.
Segment Presentation, Policy	Segment Presentation. Based on the Company’s structure and organizational chart, the Company’s chief operating decision-maker (the “CODM”) is its Chief Executive Officer, Robert W. Decherd. Based on how the Company’s CODM makes decisions about allocating resources and assessing performance, the Company determined it has one reportable segment.
New Accounting Pronouncements, Policy	New Accounting Pronouncements. The Financial Accounting Standards Board (“FASB”) issued the following accounting pronouncements and guidance, which may be applicable to the Company but have not yet become effective. In June 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-13 – Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This update requires financial assets measured at amortized cost basis to be presented at the net amount expected to be collected. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. Since June 2016, the FASB issued clarifying updates to the new standard including changing the effective date for smaller reporting companies. The guidance will be effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the requirements of this update and has not yet determined its impact on the Company’s consolidated financial statements.

- Definition

Disclosure of accounting policy for segment reporting.

+ References + Details

Pension And Other Retirement Plans (Policy)	3 Months Ended
Pension And Other Retirement Plans (Policy)	Mar. 31, 2021
Pension and Other Retirement Plans [Abstract]
Pension, Policy	The Company’s estimates of net periodic pension expense or benefit are based on the expected return on plan assets, interest on the projected benefit obligations and the amortization of actuarial gains and losses that are deferred in accumulated other comprehensive loss.

- Definition

Disclosure of accounting policy for pension and other postretirement benefit plans. This accounting policy may address (1) the types of plans sponsored by the entity, and the benefits provided by each plan (2) groups that participate in (or are covered by) each plan (3) how plan assets, liabilities and expenses are measured, including the use of any actuaries and (4) significant assumptions used by the entity to value plan assets and liabilities and how such assumptions are derived.

+ References + Details

Shareholders' Equity (Policy)

3 Months Ended

Mar. 31, 2021

Shareholders' Equity [Abstract]

Shareholders' Equity, Policy

Revenue (Tables)

3 Months Ended

Mar. 31, 2021

Revenue [Abstract]

Disaggregated By Revenue Source



	Three Months Ended March 31,
	2021		2020
Advertising and Marketing Services
Print advertising	$	11,226	$	12,799
Digital advertising and marketing services		5,543		6,528
Total	$	16,769	$	19,327

Circulation
Print circulation	$	13,976	$	15,017
Digital circulation		2,046		1,397
Total	$	16,022	$	16,414

Printing, Distribution and Other	$	4,024	$	4,602

Total Revenue	$	36,815	$	40,343

Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Schedule of Supplemental Consolidated Balance Sheet Information for Leases



	Classification		March 31, 2021		December 31, 2020
Assets
Operating	Operating lease right-of-use assets	$	19,764	$	20,406

Liabilities
Operating
Current	Other accrued expense	$	2,330	$	2,306
Noncurrent	Long-term operating lease liabilities		21,216		21,890
Total lease liabilities		$	23,546	$	24,196

Lease Term and Discount Rate
Operating leases
Weighted average remaining lease term (years)			10.5		10.6
Weighted average discount rate (%)			7.4		7.4

Schedule of Components of Lease Cost and Supplemental Cash Flow Information for Leases



	Three Months Ended March 31,
	2021		2020
Lease Cost
Operating lease cost	$	1,075	$	1,046
Short-term lease cost		4		4
Variable lease cost		179		138
Sublease income		(237)		(195)
Total lease cost	$	1,021	$	993

Supplemental Cash Flow Information
Cash paid for operating leases included in operating activities	$	1,075	$	1,017
Right-of-use assets obtained in exchange for operating lease liabilities		—		1,540

Schedule of Remaining Maturities of Lease Liabilities



Years Ending December 31,	Operating Leases
2021	$	2,901
2022		4,232
2023		3,325
2024		2,467
2025		2,430
Thereafter		19,691
Total lease payments		35,046
Less: imputed interest		11,500
Total lease liabilities	$	23,546

Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2021

Intangible Assets [Abstract]

Schedule of Identifiable Intangible Assets



	March 31,		December 31,
	2020		2020
Intangible Assets
Cost	$	2,030	$	2,030
Accumulated Amortization		(2,030)		(1,966)
Net Carrying Value	$	—	$	64

Pension and Other Retirement Plans (Tables)

3 Months Ended

Mar. 31, 2021

Pension and Other Retirement Plans [Abstract]

Schedule of Net Periodic Pension Benefit



	Three Months Ended March 31,
	2021		2020
Interest cost	$	1,174	$	1,559
Expected return on plans' assets		(2,574)		(2,941)
Amortization of actuarial loss		361		220
Net periodic pension benefit	$	(1,039)	$	(1,162)

Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2021

Shareholders' Equity [Abstract]

Changes in Accumulated Other Comprehensive Loss



	Three Months Ended March 31,
	2021						2020
	Total		Defined ‎benefit pension ‎plans		Other post- ‎ employment ‎benefit plans		Total		Defined ‎benefit pension ‎plans		Other post- ‎ employment ‎benefit plans
Balance, beginning of period	$	(32,468)	$	(32,571)	$	103	$	(32,294)	$	(32,443)	$	149
Amortization		360		361		(1)		219		220		(1)
Balance, end of period	$	(32,108)	$	(32,210)	$	102	$	(32,075)	$	(32,223)	$	148

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Reconciliation



	Three Months Ended March 31,
	2021		2020
Earnings (Numerator)
Net loss available to common shareholders	$	(2,765)	$	(1,621)

Shares (Denominator)
Weighted average common shares outstanding (basic and diluted)		21,410,423		21,410,423

Loss Per Share
Basic and diluted	$	(0.13)	$	(0.08)

Basis of Presentation and Recently Issued Accounting Standards (Narrative) (Details) - COVID-19 Pandemic [Member]	Apr. 06, 2020 item $ / shares
Basis of Presentation and Recently Issued Accounting Standards [Line Items]
Future expected dividend rate \| $ / shares	$ 0.04
Reduced size of board of directors \| item	2

Revenue (Narrative) (Details) $ in Thousands	3 Months Ended
Revenue (Narrative) (Details) $ in Thousands	Mar. 31, 2021 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Deferred revenue, revenue recognized	$ 7,199
Minimum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue remaining performance obligation expected timing of revenue recognition	1 month
Maximum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue remaining performance obligation expected timing of revenue recognition	12 months

Revenue (Disaggregated by Revenue Source) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 36,815	$ 40,343
Print Advertising [Member]
Disaggregation of Revenue [Line Items]
Revenues	11,226	12,799
Digital Advertising and Marketing Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	5,543	6,528
Advertising And Marketing Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	16,769	19,327
Print Circulation [Member]
Disaggregation of Revenue [Line Items]
Revenues	13,976	15,017
Digital Circulation [Member]
Disaggregation of Revenue [Line Items]
Revenues	2,046	1,397
Circulation [Member]
Disaggregation of Revenue [Line Items]
Revenues	16,022	16,414
Printing, Distribution And Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 4,024	$ 4,602

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
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-Paragraph 3
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 825
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-Section 50
-Paragraph 28
-Subparagraph (f)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

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-Publisher FASB
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
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-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

+ Details

Leases (Narrative) (Details)	3 Months Ended
Leases (Narrative) (Details)	Mar. 31, 2021 USD ($)
Operating leases, not yet commenced	$ 0
Office Space Subleases [Member]
Operating leases remaining terms	3 years
Sublease [Member]
Sublease income expected for the remainder of 2021	$ 570,000
Sublease income expected in 2022	550,000
Sublease income expected in 2023	$ 320,000
Minimum [Member]
Operating lease term	1 year
Operating leases remaining terms	1 year
Minimum [Member] \| Distributors Sublease [Member]
Operating leases remaining terms	1 year
Maximum [Member]
Operating leases remaining terms	13 years
Maximum [Member] \| Distributors Sublease [Member]
Operating leases remaining terms	2 years

Leases (Schedule of Supplemental Consolidated Balance Sheet Information for Leases) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease right-of-use assets	$ 19,764	$ 20,406
Operating lease liabilities current	2,330	2,306
Operating lease liabilities noncurrent	21,216	21,890
Total lease liabilities	$ 23,546	$ 24,196
Operating leases weighted average remaining lease term (years)	10 years 6 months	10 years 7 months 6 days
Operating leases weighted average discount rate	7.40%	7.40%

Leases (Schedule of Components of Lease Cost and Supplemental Cash Flow Information for Leases) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Lease, Cost [Abstract]
Operating lease cost	$ 1,075	$ 1,046
Short-term lease cost	4	4
Variable lease cost	179	138
Sublease income	(237)	(195)
Total lease cost	1,021	993
Cash paid for operating leases included in operating activities	$ 1,075	1,017
Right-of-use assets obtained in exchange for operating lease liabilities		$ 1,540

Leases (Schedule of Remaining Maturities of Lease Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2021	$ 2,901
2022	4,232
2023	3,325
2024	2,467
2025	2,430
Thereafter	19,691
Total lease payments	35,046
Less: imputed interest	11,500
Total lease liabilities	$ 23,546	$ 24,196

Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 64	$ 64
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets excluding goodwill	$ 510
Definite-lived intangibles, useful life	2 years
Developed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets excluding goodwill			$ 1,520
Definite-lived intangibles, useful life			5 years

Intangible Assets (Schedule of Identifiable Intangible Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Intangible Assets
Cost	$ 2,030	$ 2,030
Accumulated Amortization	$ (2,030)	(1,966)
Net Carrying Value		$ 64

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended		2 Months Ended	3 Months Ended		12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Oct. 31, 2020	Mar. 31, 2020	Feb. 29, 2020	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2014
Income Tax [Line Items]
Income tax provision (benefit)				$ 319	$ (1,787)
Effective income tax rate				(13.00%)	52.40%
Tax benefit expected to be recognized from the release of a federal uncertain tax reserve				$ 2,575
The CARES Act [Member]
Income Tax [Line Items]
Temporary net operating loss carry back term				5 years
Additional tax depreciation		$ 1,017
Net operating loss				$ 6,829
Leasehold Improvements [Member]
Income Tax [Line Items]
Estimated useful life			39 years
Leasehold Improvements [Member] \| The CARES Act [Member]
Income Tax [Line Items]
Estimated useful life		15 years
Leasehold improvements, percentage of eligibility for tax bonus depreciation		100.00%
Loss Carried Back to 2014 [Member]
Income Tax [Line Items]
U.S. corporate income tax rate						35.00%
Loss Carried Back to 2014 [Member] \| The CARES Act [Member]
Income Tax [Line Items]
Proceeds from income tax refunds	$ 2,425

Pension and Other Retirement Plans (Narrative) (Details)	3 Months Ended
	Mar. 31, 2021 USD ($) employee	Mar. 31, 2020 USD ($)
Defined Contribution Plans
Expense recognized	$ 220,000	$ 220,000
401(K) Plan [Member]
Defined Contribution Plans
Maximum pretax contribution per employee	100.00%
Defined contribution plan, employer matching contribution, percent	1.50%
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of employee participants \| employee	1,400
Defined Benefit Plan, Estimated Future Employer Contributions
Estimated future employer contributions	$ 0

Pension and Other Retirement Plans (Schedule of Net Periodic Pension Benefit) (Details) - Pension Plan [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 1,174	$ 1,559
Expected return on plans' assets	(2,574)	(2,941)
Amortization of actuarial loss	361	220
Net periodic pension benefit	$ (1,039)	$ (1,162)

Shareholders' Equity (Narrative) (Details) - $ / shares	Mar. 04, 2021	Mar. 31, 2021	Dec. 31, 2020
Shareholders' Equity [Line Items]
Dividends payable, amount per share	$ 0.04
Dividends payable, date declared	Mar. 04, 2021
Dividends payable, date of record	May 14, 2021
Dividends payable, date of payment	Jun. 04, 2021
Series A [Member]
Shareholders' Equity [Line Items]
Common stock, shares, outstanding		18,941,420	18,941,340
Series B [Member]
Shareholders' Equity [Line Items]
Common stock, shares, outstanding		2,469,003	2,469,083

Shareholders' Equity (Changes in Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning of period	$ (32,468)	$ (32,294)
Amortization	360	219
Balance, end of period	(32,108)	(32,075)
Pension Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning of period	(32,571)	(32,443)
Amortization	361	220
Balance, end of period	(32,210)	(32,223)
Other Post-Employment Benefit Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning of period	103	149
Amortization	(1)	(1)
Balance, end of period	$ 102	$ 148

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Earnings Per Share (Narrative) (Details) - shares	3 Months Ended
Earnings Per Share (Narrative) (Details) - shares	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	0	0

Earnings Per Share (Schedule of Earnings Per Share Reconciliation) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Net loss available to common shareholders	$ (2,765)	$ (1,621)
Shares (Denominator)
Weighted average common shares outstanding (basic and diluted)	21,410,423	21,410,423
Loss Per Share
Basic and diluted	$ (0.13)	$ (0.08)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Disposal of Assets (Narrative) (Details) - USD ($)			1 Months Ended	3 Months Ended
Disposal of Assets (Narrative) (Details) - USD ($)	Apr. 01, 2021	Apr. 03, 2020	May 31, 2019	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of assets				$ 1,000	$ 5,000
(Gain) loss on sale/disposal of assets, net				1,000	5,000
Current notes receivable				$ 22,775,000		$ 22,775,000
Charter DMN Holdings, LP [Member] \| Dallas, Texas [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of real estate assets, amount			$ 28,000,000
Proceeds from sale of assets			4,597,000
Real estate assets selling costs			$ 1,000,000
Notes receivable term			2 years
Long-term note receivable			$ 22,400,000
Additional contingency payment receivable if certain conditions are met			1,000,000
(Gain) loss on sale/disposal of assets, net			$ (25,908,000)
Interest rate on promissory note during first year				3.50%
Interest rate on promissory note during second year				4.50%
Proceeds from interest payment by Purchaser				$ 249,000	$ 195,000
Allowance for notes receivable				$ 0		$ 0
Charter DMN Holdings, LP [Member] \| Dallas, Texas [Member] \| Subsequent Event [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from interest payment by Purchaser	$ 249,000
Second Promissory Note [Member] \| Charter DMN Holdings, LP [Member] \| Dallas, Texas [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current notes receivable		$ 375,000
Note receivable, due date		Jun. 30, 2021
Second Promissory Note [Member] \| Charter DMN Holdings, LP [Member] \| Dallas, Texas [Member] \| Deferred Purchaser's Interest Payment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current notes receivable		$ 195,000
Second Promissory Note [Member] \| Charter DMN Holdings, LP [Member] \| Dallas, Texas [Member] \| 2019 Real Property Tax Reconciliation Payment Due from Purchaser [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current notes receivable		$ 180,000

Subsequent Events (Narrative) (Details) - USD ($) $ in Thousands				3 Months Ended
	Apr. 22, 2021	Apr. 01, 2021	Apr. 03, 2020	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	May 31, 2019
Subsequent Event [Line Items]
Current notes receivable				$ 22,775		$ 22,775
Charter DMN Holdings, LP [Member] \| Dallas, Texas [Member]
Subsequent Event [Line Items]
Proceeds from interest payment by Purchaser				$ 249	$ 195
Long-term note receivable							$ 22,400
Charter DMN Holdings, LP [Member] \| Second Promissory Note [Member] \| Dallas, Texas [Member]
Subsequent Event [Line Items]
Note receivable, due date			Jun. 30, 2021
Current notes receivable			$ 375
Subsequent Event [Member] \| Charter DMN Holdings, LP [Member] \| Dallas, Texas [Member]
Subsequent Event [Line Items]
Proceeds from interest payment by Purchaser		$ 249
Subsequent Event [Member] \| Charter DMN Holdings, LP [Member] \| Dallas, Texas [Member] \| Note Extension [Member]
Subsequent Event [Line Items]
Long-term note receivable	$ 22,400
Note receivable, due date	Jun. 30, 2022
Subsequent Event [Member] \| Charter DMN Holdings, LP [Member] \| Second Promissory Note [Member] \| Dallas, Texas [Member] \| Note Extension [Member]
Subsequent Event [Line Items]
Current interest receivable	$ 250
Current notes receivable	$ 375
Interest rate on promissory note payable in quarterly installments	4.50%