Annual report pursuant to section 13 and 15(d)

Selected Quarterly Financial Data

v2.3.0.11
Selected Quarterly Financial Data
12 Months Ended
Sep. 30, 2011
Selected Quarterly Financial Data [Abstract]  
Selected Quarterly Financial Data

Note 17. Selected Quarterly Financial Data (unaudited)

Summarized quarterly financial data (in thousands except for per share amounts) for the fiscal years ended September 30, 2011 and 2010 were as follows:

 

     Fiscal quarter ended  
     December 31     March 31     June 30      September 30  
     2010     2009     2011(a)     2010     2011     2010      2011     2010(b,c)  

Total operating revenue

   $ 16,555      $ 14,118      $ 36,490      $ 31,654      $ 39,341        28,440       $ 6,206      $ 5,580   

Total operating expenses

     14,062        13,767        28,422        27,532        27,502        23,057         5,173        5,513   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Gross profit

     2,493        351        8,068        4,122        11,839        5,383         1,033        67   

Corporate general & administrative

     2,011        1,428        1,597        1,797        1,766        1,604         2,822        1,629   

Other (expense) income

     (632     (864     (2,095     (412     (331     15         348        (4,028
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

(Loss) income before income taxes

     (150     (1,941     4,376        1,913        9,742        3,794         (1,441     (5,590

Income tax (benefit) expense

     (57     (571     1,664        563        3,771        1,506         52        (2,699
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Net (loss) income

   $ (93   $ (1,370   $ 2,712        1,350        5,971        2,288       $ (1,493   $ (2,891
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Basic (loss) earnings per share

   $ (0.01   $ (0.19   $ 0.37        0.18        0.81        0.31       $ (0.20   $ (0.39
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

 

(a) During the quarter ended March 30, 2011, the Company fully reserved $1.7 million in allocated surplus that had been recorded based on patronage allocation with Farm Credit which is included in other (expense) income in the table above. See Note 4. Investment, deposits and other assets.
(b) During the quarter ended September 30, 2010, the Company recognized $3.4 million of charges related to a refinancing transaction as other (expense) income.
(c) During the quarter ended September 30, 2010 the Company recorded a real estate impairment charge of $980 thousand included in the total operating expense line in the table above.