Annual report pursuant to section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:      
Net income $ 19,646 $ 18,489 $ 7,097
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 9,675 8,429 7,327
Allowance for cooperative allocated surplus       1,685
Non-cash gains and losses (35) (288) (60)
Magnolia fund undistributed earnings (658) (59) (68)
Deferred income tax expense, net 9,062 6,005 563
Deferred retirement benefits 615 89 178
Gain on sale of property and equipment, net (20,894) (8,800)   
Asset impairments    1,918   
Stock based compensation 923 458 415
Changes in operating assets and liabilities:      
Accounts receivable (1,195) (143) 1,230
Inventories (2,113) (4,917) (3,772)
Accounts payable and accrued expenses (3,727) 2,499 1,772
Income tax payable/receivable 2,014 (144) 373
Other 113 99 7
Net cash provided by operating activities 13,426 23,635 16,747
Cash flows from investing activities:      
Purchases of property and equipment (18,924) (15,921) (12,265)
Decrease (increase) in restricted cash 2,500 (2,500)   
(Decrease) increase in real estate deposits (2,500) 2,500   
Proceeds from disposals of property and equipment 24,381 18,095 1,221
Return on investment in Magnolia 1,179 4,735 2,484
Purchases of investments       (32)
Proceeds from sales of investments    732 450
Collections of mortgages and notes receivable 35 37 49
Net cash provided by (used in) investing activities 6,671 7,678 (8,093)
Cash flows from financing activities:      
Principal payments on notes payable (3,900) (3,279) (1,281)
Borrowings on revolving line of credit 5,661 127,319 15,083
Repayments on revolving line of credit (5,661) (141,298) (30,104)
Treasury stock purchases (2,894) (298) (1,205)
Dividends paid (2,048) (1,765) (737)
Net cash used in financing activities (8,842) (19,321) (18,244)
Net increase (decrease) in cash and cash equivalents 11,255 11,992 (9,590)
Cash and cash equivalents at beginning of period 13,328 1,336 10,926
Cash and cash equivalents at end of period 24,583 13,328 1,336
Supplemental cash flow information:      
Cash paid for interest, net of amount capitalized 1,048 1,685 1,925
Cash paid for income taxes $ 952 $ 5,142 $ 4,495