Quarterly report pursuant to sections 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Mar. 31, 2012
Sep. 30, 2011
Current assets:    
Cash and cash equivalents $ 768 $ 1,336
Investments 254 989
Accounts receivable, net 13,514 2,928
Federal income tax receivable   699
Inventories 17,818 22,373
Assets held for sale 640  
Other current assets 278 856
Total current assets 33,272 29,181
Mortgages and notes receivable, net of current portion 52 75
Investment in Magnolia Fund 8,952 10,283
Investments, deposits and other non-current assets 2,143 2,220
Deferred tax asset, net of current portion 8,672 8,672
Cash surrender value of life insurance 819 824
Property, buildings and equipment, net 131,567 128,780
Total assets 185,477 180,035
Current liabilities:    
Accounts payable 7,055 2,946
Long-term debt, current portion 3,271 3,279
Income taxes payable 2,132  
Accrued expenses 1,584 1,719
Dividend payable 295 882
Accrued ad valorem taxes 597 1,938
Other current liabilities 1,009 1,063
Total current liabilities 15,943 11,827
Long-term debt, net of current portion 46,429 53,879
Deferred retirement benefits, net of current portion 3,730 3,667
Total liabilities 66,102 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 7,344,232 and 7,342,513 shares outstanding at March 31, 2012 and September 30, 2011, respectively 7,377 7,377
Additional paid in capital 9,097 9,212
Treasury stock at cost, 32,874 and 34,593 shares held at March 31, 2012 and September 30, 2011, respectively (793) (862)
Retained earnings 103,694 94,935
Total stockholders' equity 119,375 110,662
Total liabilities and stockholders' equity $ 185,477 $ 180,035