Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Balance Sheets

v2.3.0.11
Condensed Consolidated Balance Sheets (USD $)
In Thousands
Dec. 31, 2011
Sep. 30, 2011
ASSETS    
Cash and cash equivalents $ 667 $ 1,336
Investments 750 989
Accounts receivable, net 10,510 2,928
Federal income tax receivable 329 699
Inventories 20,831 22,373
Other current assets 749 856
Total current assets 33,836 29,181
Mortgages and notes receivable, net of current portion 69 75
Investment in Magnolia Fund 10,281 10,283
Investments, deposits and other non-current assets 2,095 2,220
Deferred tax asset, net of current portion 8,672 8,672
Cash surrender value of life insurance 823 824
Property, buildings and equipment, net 131,119 128,780
Total assets 186,895 180,035
LIABILITIES & STOCKHOLDERS' EQUITY    
Accounts payable 6,358 2,946
Long-term debt, current portion 3,275 3,279
Accrued expenses 1,406 1,719
Dividend payable 294 882
Accrued ad valorem taxes 5 1,938
Other current liabilities 1,251 1,063
Total current liabilities 12,589 11,827
Long-term debt, net of current portion 58,194 53,879
Deferred retirement benefits, net of current portion 3,698 3,667
Total liabilities 74,481 69,373
Commitments and contingencies    
Stockholders' equity:    
Common stock, $1 par value; 15,000,000 shares authorized; 7,377,106 and 7,377,106 shares issued and 7,349,410 and 7,342,513 shares outstanding at December 31, 2011 and September 30, 2011, respectively 7,377 7,377
Additional paid in capital 9,145 9,212
Treasury stock at cost, 27,696 and 34,593 shares held at December 31, 2011 and September 30, 2011, respectively (682) (862)
Retained earnings 96,574 94,935
Total stockholders' equity 112,414 110,662
Total liabilities and stockholders' equity $ 186,895 $ 180,035