Annual report pursuant to section 13 and 15(d)

Consolidated Balance Sheets

v2.3.0.11
Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Sep. 30, 2010
Assets    
Cash and cash equivalents $ 1,336 $ 10,926
Investments 989 1,439
Accounts receivable, net of an allowance for doubtful accounts $103 in 2011 and $159 in 2010, respectively 2,928 4,389
Income tax receivable 699 1,072
Inventories 22,373 18,601
Other current assets 856 1,014
Total current assets 29,181 37,441
Mortgages and notes receivable, net of current portion 75 93
Investment in Magnolia Fund 10,283 12,699
Investments, deposits and other non-current assets 2,220 3,666
Deferred tax asset 8,672 9,159
Cash surrender value of life insurance 824 786
Property, buildings and equipment, net 128,780 124,973
Total assets 180,035 188,817
LIABILITIES & STOCKHOLDERS' EQUITY    
Accounts payable 2,946 1,988
Long-term debt, current portion 3,279 1,281
Accrued expenses 1,719 1,025
Dividend payable 882 738
Accrued ad valorem taxes 1,938 1,818
Other current liabilities 1,063 1,062
Total current liabilities 11,827 7,912
Long-term debt, net of current portion 53,879 72,179
Deferred retirement benefits, net of current portion 3,667 3,489
Total liabilities 69,373 83,580
Commitments and Contingencies    
Stockholders' equity:    
Common stock, $1 par value. Authorized 15,000,000 shares; 7,377,106 and 7,379,229 shares issued and 7,342,513 and 7,371,763 shares outstanding at September 30, 2011 and 2010, respectively 7,377 7,379
Additional paid in capital 9,212 9,310
Treasury stock at cost, 34,593 and 7,466 shares held at September 30, 2011 and 2010, respectively (862) (172)
Retained earnings 94,935 88,720
Total stockholders' equity 110,662 105,237
Total liabilities and stockholders' equity $ 180,035 $ 188,817