Annual report pursuant to section 13 and 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2011
Operating revenues:      
Citrus Groves $ 43,689 $ 55,423 $ 47,088
Agricultural Supply Chain Management 28,412 48,334 36,115
Improved Farmland 21,917 15,316 8,642
Ranch and Conservation 6,755 7,348 6,015
Other Operations 888 766 732
Total operating revenue 101,661 127,187 98,592
Operating expenses:      
Citrus Groves 31,533 30,995 27,764
Agricultural Supply Chain Management 27,949 47,693 35,109
Improved Farmland 16,202 11,574 7,343
Ranch and Conservation 3,798 3,497 3,640
Other Operations 505 1,196 1,303
Total operating expenses 79,987 94,955 75,159
Gross profit 21,674 32,232 23,433
Corporate general and administrative 9,739 8,490 8,196
Income from operations 11,935 23,742 15,237
Other (expense) income:      
Interest and investment income, net 704 97 (1,375)
Interest expense (1,257) (1,616) (2,020)
Gain on sale of real estate 20,299 9,113   
Impairment of assets held for sale    (1,918)   
Other (loss) income, net (6) 44 685
Total other (expense) income, net 19,740 5,720 (2,710)
Income before income taxes 31,675 29,462 12,527
Income tax expense 12,029 10,973 5,430
Net income attributable to common shareholders 19,646 18,489 7,097
Comprehensive income, net of tax effect         
Comprehensive income attributable to common shareholders $ 19,646 $ 18,489 $ 7,097
Weighted-average number of shares outstanding:      
Basic 7,313 7,355 7,363
Diluted 7,357 7,355 7,363
Earnings per common share:      
Basic $ 2.69 $ 2.51 $ 0.96
Diluted $ 2.67 $ 2.51 $ 0.96
Cash dividends declared per common share $ 0.36 $ 0.20 $ 0.12