Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.3.0.11
Condensed Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Sep. 30, 2010
Assets    
Cash and cash equivalents $ 3,074 $ 10,926
Investments 985 1,439
Accounts receivable, net 16,018 4,389
Income tax receivable   1,072
Inventories 18,194 18,601
Other current assets 792 1,014
Total current assets 39,063 37,441
Investment in Magnolia Fund 10,702 12,699
Investments, deposits and other non-current assets 2,531 3,759
Deferred tax assets 9,116 9,159
Cash surrender value of life insurance 801 786
Property, buildings and equipment 191,779 186,535
Less: accumulated depreciation (64,164) (61,562)
Total assets 189,828 188,817
LIABILITIES & STOCKHOLDERS' EQUITY    
Accounts payable 2,771 1,988
Current portion of long-term debt 2,782 1,281
Accrued expenses 1,492 1,025
Income taxes payable 1,118  
Dividend payable   738
Accrued ad valorem taxes 1,305 1,818
Other current liabilities 639 1,062
Total current liabilities 10,107 7,912
Long-term debt, net of current portion 63,067 72,179
Deferred retirement benefits, net of current portion 3,572 3,489
Total liabilities 76,746 83,580
Commitments and Contingencies    
Stockholders' equity:    
Common stock, $1 par value; 15,000 shares authorized; 7,377 and 7,386 shares issued and 7,346 and 7,379 shares outstanding at June 30, 2011 and September 30, 2010, respectively 7,377 7,379
Additional paid in capital 9,206 9,310
Treasury stock at cost, 31 and 7 shares held at June 30, 2011 and September 30, 2010, respectively (811) (172)
Retained earnings 97,310 88,720
Total stockholders' equity 113,082 105,237
Total liabilities and stockholders' equity $ 189,828 $ 188,817