10-Q Filing

MAYS J W INC CIK: 54187 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000054187-11-000016`
Period End Date	20111031
Filing Date	20111208
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	mays-20111031.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 38 Cash Flow Statement 53 Comprehensive Income 8

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Property and Equipment - Net (Notes 6 and 7)	`PropertyPlantAndEquipmentNet`	$44.69M	USD	Point-in-time
Property and Equipment - Net (Notes 6 and 7)	`PropertyPlantAndEquipmentNet`	$44.74M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.18M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.18M	shares	Point-in-time
Unrealized gain (loss) on available-for-sale securities, deferred taxes (benefit) (in Dollars)	`UnrealizedGainlossOnAvailableforsaleSecuritiesDeferredTaxesbenefit`	$59.00K	USD	Point-in-time
Cash and cash equivalents (Note 5)	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Cash and cash equivalents (Note 5)	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Cash and cash equivalents (Note 5)	`CashAndCashEquivalentsAtCarryingValue`	$2.77M	USD	Point-in-time
Unrealized gain (loss) on available-for-sale securities, deferred taxes (benefit) (in Dollars)	`UnrealizedGainlossOnAvailableforsaleSecuritiesDeferredTaxesbenefit`	$64.00K	USD	Point-in-time
Cash and cash equivalents (Note 5)	`CashAndCashEquivalentsAtCarryingValue`	$2.66M	USD	Point-in-time
Marketable securities (Notes 4 and 5)	`HeldToMaturitySecuritiesCurrent`	$531.80K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	162,517.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	162,517.00	shares	Point-in-time
Marketable securities (Notes 4 and 5)	`HeldToMaturitySecuritiesCurrent`	$619.10K	USD	Point-in-time
Receivables (Note 5)	`ReceivablesNetCurrent`	$264.86K	USD	Point-in-time
Receivables (Note 5)	`ReceivablesNetCurrent`	$277.28K	USD	Point-in-time
Income taxes refundable	`IncomeTaxesReceivable`	$315.58K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$456.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$331.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$595.88K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.20M	USD	Point-in-time
Security deposits	`DepositsAssetsCurrent`	$128.70K	USD	Point-in-time
Security deposits	`DepositsAssetsCurrent`	$110.83K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.98M	USD	Point-in-time
Deferred charges	`DeferredChargesGross`	$3.47M	USD	Point-in-time
Deferred charges	`DeferredChargesGross`	$3.47M	USD	Point-in-time
Less accumulated amortization	`AccumulatedAmortizationOfDeferredCharges`	$1.65M	USD	Point-in-time
Less accumulated amortization	`AccumulatedAmortizationOfDeferredCharges`	$1.57M	USD	Point-in-time
Net	`DeferredCosts`	$1.90M	USD	Point-in-time
Net	`DeferredCosts`	$1.82M	USD	Point-in-time
Receivables (Note 5)	`LongTermInvestmentsAndReceivablesNet`	$150.00K	USD	Point-in-time
Receivables (Note 5)	`LongTermInvestmentsAndReceivablesNet`	$120.00K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$1.15M	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$1.13M	USD	Point-in-time
Unbilled receivables (Note 9)	`UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedAfterOneYear`	$1.70M	USD	Point-in-time
Unbilled receivables (Note 9)	`UnbilledReceivablesNotBillableAtBalanceSheetDateAmountExpectedToBeCollectedAfterOneYear`	$1.61M	USD	Point-in-time
Marketable securities (Notes 4 and 5)	`MarketableSecuritiesNoncurrent`	$1.33M	USD	Point-in-time
Marketable securities (Notes 4 and 5)	`MarketableSecuritiesNoncurrent`	$1.39M	USD	Point-in-time
Total other assets	`AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment`	$6.14M	USD	Point-in-time
Total other assets	`AssetsNoncurrentOtherThanNoncurrentInvestmentsAndPropertyPlantAndEquipment`	$6.17M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$54.89M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$56.34M	USD	Point-in-time
Mortgages and term loan payable (Note 6)	`LongTermNotesAndLoans`	$5.71M	USD	Point-in-time
Mortgages and term loan payable (Note 6)	`LongTermNotesAndLoans`	$5.75M	USD	Point-in-time
Note payable - related party (Note 8)	`NotesPayableRelatedPartiesNoncurrent`	$1.00M	USD	Point-in-time
Note payable - related party (Note 8)	`NotesPayableRelatedPartiesNoncurrent`	$1.00M	USD	Point-in-time
Security deposits payable	`SecurityDepositsPayableNonCurrent`	$823.82K	USD	Point-in-time
Security deposits payable	`SecurityDepositsPayableNonCurrent`	$836.24K	USD	Point-in-time
Payroll and other accrued liabilities	`PayrollAndOtherAccruedLiabilitiesNoncurrent`	$57.05K	USD	Point-in-time
Payroll and other accrued liabilities	`PayrollAndOtherAccruedLiabilitiesNoncurrent`	$85.57K	USD	Point-in-time
Total long-term debt	`LongTermDebtNoncurrent`	$7.67M	USD	Point-in-time
Total long-term debt	`LongTermDebtNoncurrent`	$7.59M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.13M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$142.59K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$139.21K	USD	Point-in-time
Payroll and other accrued liabilities	`PayrollAndOtherAccruedLiabilitiesCurrent`	$1.82M	USD	Point-in-time
Payroll and other accrued liabilities	`PayrollAndOtherAccruedLiabilitiesCurrent`	$1.51M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$70.19K	USD	Point-in-time
Other taxes payable	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$3.38K	USD	Point-in-time
Other taxes payable	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$6.17K	USD	Point-in-time
Current portion of long-term debt (Note 6)	`LongTermDebtCurrent`	$1.22M	USD	Point-in-time
Current portion of long-term debt (Note 6)	`LongTermDebtCurrent`	$3.35M	USD	Point-in-time
Current portion of security deposits payable	`SecurityDepositsPayableCurrent`	$141.70K	USD	Point-in-time
Current portion of security deposits payable	`SecurityDepositsPayableCurrent`	$123.83K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.37M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$14.91M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$13.10M	USD	Point-in-time
Common stock, par value $1 each share (shares - 5,000,000 authorized; 2,178,297 issued)	`CommonStockValue`	$2.18M	USD	Point-in-time
Common stock, par value $1 each share (shares - 5,000,000 authorized; 2,178,297 issued)	`CommonStockValue`	$2.18M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$3.35M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$3.35M	USD	Point-in-time
Unrealized gain on available-for-sale securities - net of deferred taxes of $59,000 at October 31, 2011 and $64,000 at July 31, 2011	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$113.95K	USD	Point-in-time
Unrealized gain on available-for-sale securities - net of deferred taxes of $59,000 at October 31, 2011 and $64,000 at July 31, 2011	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$126.42K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$37.44M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$36.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$36.71M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$37.07M	USD	Point-in-time
StockholdersEquityBeforeTreasuryStock	`StockholdersEquityBeforeTreasuryStock`	$43.08M	USD	Point-in-time
StockholdersEquityBeforeTreasuryStock	`StockholdersEquityBeforeTreasuryStock`	$42.72M	USD	Point-in-time
Less common stock held in treasury, at cost - 162,517 shares at October 31, 2011 and at July 31, 2011 (Note 12)	`TreasuryStockValue`	$1.29M	USD	Point-in-time
Less common stock held in treasury, at cost - 162,517 shares at October 31, 2011 and at July 31, 2011 (Note 12)	`TreasuryStockValue`	$1.29M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$41.43M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$41.79M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$54.89M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$56.34M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Rental income (Notes 5 and 9)	`OperatingLeasesIncomeStatementLeaseRevenue`	$3.98M	USD	1 Quarter
Rental income (Notes 5 and 9)	`OperatingLeasesIncomeStatementLeaseRevenue`	$3.61M	USD	1 Quarter
Total revenues	`RealEstateRevenueNet`	$3.61M	USD	1 Quarter
Total revenues	`RealEstateRevenueNet`	$3.98M	USD	1 Quarter
Real estate operating expenses	`CostOfRealEstateRevenue`	$2.01M	USD	1 Quarter
Real estate operating expenses	`CostOfRealEstateRevenue`	$1.86M	USD	1 Quarter
Administrative and general expenses	`GeneralAndAdministrativeExpense`	$874.17K	USD	1 Quarter
Administrative and general expenses	`GeneralAndAdministrativeExpense`	$940.42K	USD	1 Quarter
Depreciation and amortization (Note 7)	`DepreciationAndAmortization`	$386.80K	USD	1 Quarter
Depreciation and amortization (Note 7)	`DepreciationAndAmortization`	$391.19K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$3.13M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$3.34M	USD	1 Quarter
Income from operations before investment income, interest expense and income taxes	`OperatingIncomeLoss`	$641.05K	USD	1 Quarter
Income from operations before investment income, interest expense and income taxes	`OperatingIncomeLoss`	$478.94K	USD	1 Quarter
Investment income (Note 4)	`InvestmentIncomeInterestAndDividend`	$2.81K	USD	1 Quarter
Investment income (Note 4)	`InvestmentIncomeInterestAndDividend`	$22.87K	USD	1 Quarter
Interest expense (Notes 6, 8, and 11)	`InterestExpense`	$177.86K	USD	1 Quarter
Interest expense (Notes 6, 8, and 11)	`InterestExpense`	$151.69K	USD	1 Quarter
InterestIncomeExpenseNet	`InterestIncomeExpenseNet`	$-154.99K	USD	1 Quarter
InterestIncomeExpenseNet	`InterestIncomeExpenseNet`	$-148.88K	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$492.18K	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$323.95K	USD	1 Quarter
Income taxes provided	`IncomeTaxExpenseBenefit`	$149.00K	USD	1 Quarter
Income taxes provided	`IncomeTaxExpenseBenefit`	$120.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$372.18K	USD	1 Quarter
Net income	`NetIncomeLoss`	$174.96K	USD	1 Quarter
Retained earnings, beginning of period	`RetainedEarningsAccumulatedDeficit`	$37.44M	USD	Point-in-time
Retained earnings, beginning of period	`RetainedEarningsAccumulatedDeficit`	$36.54M	USD	Point-in-time
Retained earnings, beginning of period	`RetainedEarningsAccumulatedDeficit`	$36.71M	USD	Point-in-time
Retained earnings, beginning of period	`RetainedEarningsAccumulatedDeficit`	$37.07M	USD	Point-in-time
Retained earnings, end of period	`RetainedEarningsAccumulatedDeficit`	$37.44M	USD	Point-in-time
Retained earnings, end of period	`RetainedEarningsAccumulatedDeficit`	$36.54M	USD	Point-in-time
Retained earnings, end of period	`RetainedEarningsAccumulatedDeficit`	$36.71M	USD	Point-in-time
Retained earnings, end of period	`RetainedEarningsAccumulatedDeficit`	$37.07M	USD	Point-in-time
Income per common share (Note 2) (in Dollars per share)	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Income per common share (Note 2) (in Dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.02M	shares	1 Quarter
Average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.02M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$372.18K	USD	1 Quarter
Net income	`NetIncomeLoss`	$174.96K	USD	1 Quarter
Depreciation and amortization	`OtherDepreciationAndAmortization`	$391.19K	USD	1 Quarter
Depreciation and amortization	`OtherDepreciationAndAmortization`	$386.80K	USD	1 Quarter
Amortization of deferred charges	`AmortizationOfDeferredCharges`	$81.70K	USD	1 Quarter
Amortization of deferred charges	`AmortizationOfDeferredCharges`	$84.11K	USD	1 Quarter
Realized loss on sale of marketable securities	`GainLossOnInvestments`	$-8.20K	USD	1 Quarter
Other assets - deferred charges	`OtherAssetsDeferredCharges`	$-485.26K	USD	1 Quarter
- unbilled receivables	`IncreaseDecreaseInUnbilledReceivables`	$98.10K	USD	1 Quarter
- unbilled receivables	`IncreaseDecreaseInUnbilledReceivables`	$-103.27K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$80.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$26.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-17.57K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$9.57K	USD	1 Quarter
Income taxes refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-315.58K	USD	1 Quarter
Income taxes refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-174.95K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-492.45K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-601.69K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.38K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$67.99K	USD	1 Quarter
Payroll and other accrued liabilities	`IncreaseDecreaseInPayrollAndOtherAccruedLiabilities`	$275.29K	USD	1 Quarter
Payroll and other accrued liabilities	`IncreaseDecreaseInPayrollAndOtherAccruedLiabilities`	$509.75K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$70.19K	USD	1 Quarter
Other taxes payable	`IncreaseDecreaseInOtherTaxesPayable`	$2.80K	USD	1 Quarter
Other taxes payable	`IncreaseDecreaseInOtherTaxesPayable`	$2.92K	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.48M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.95M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$190.14K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$437.59K	USD	1 Quarter
Security deposits	`PaymentsToSecurityDeposits`	$-32.45K	USD	1 Quarter
Security deposits	`PaymentsToSecurityDeposits`	$-2.87K	USD	1 Quarter
Receipts from sales or maturities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$179.94K	USD	1 Quarter
Receipts from sales or maturities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$28.54K	USD	1 Quarter
Payments for purchases	`PaymentsToAcquireMarketableSecurities`	$579.00	USD	1 Quarter
Payments for purchases	`PaymentsToAcquireMarketableSecurities`	$179.37K	USD	1 Quarter
Cash (used) by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-404.56K	USD	1 Quarter
Cash (used) by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-159.31K	USD	1 Quarter
(Decrease) - security deposits	`IncreaseDecreaseInSecurityDeposits`	$-2.87K	USD	1 Quarter
(Decrease) - security deposits	`IncreaseDecreaseInSecurityDeposits`	$-30.29K	USD	1 Quarter
Mortgage and other debt payments	`RepaymentsOfLongTermDebt`	$103.05K	USD	1 Quarter
Mortgage and other debt payments	`RepaymentsOfLongTermDebt`	$2.17M	USD	1 Quarter
Cash (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.20M	USD	1 Quarter
Cash (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-105.92K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-651.56K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.22M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.77M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.66M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.55M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.77M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.66M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$372.18K	USD	1 Quarter
Unrealized gain on available-for-sale securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$22.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$174.96K	USD	1 Quarter
Unrealized gain on available-for-sale securities, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-5.00K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities, net of taxes (benefit) of ($5,000) and $22,000 for the three months ended October 31, 2011 and 2010, respectively,	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$43.55K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities, net of taxes (benefit) of ($5,000) and $22,000 for the three months ended October 31, 2011 and 2010, respectively,	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-12.46K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$359.72K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$218.51K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.