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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
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Mar. 31, 2014
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Mar. 31, 2013
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Mar. 31, 2014
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Mar. 31, 2013
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| Operating revenues: | ||||
| Citrus Groves | $ 19,423 | $ 17,062 | $ 25,056 | $ 24,455 |
| Agricultural Supply Chain Management | 6,135 | 11,870 | 8,241 | 17,159 |
| Improved Farmland | 10,750 | 8,929 | 17,282 | 16,919 |
| Ranch and Conservation | 910 | 338 | 1,441 | 856 |
| Other Operations | 257 | 211 | 444 | 377 |
| Total operating revenue | 37,475 | 38,410 | 52,464 | 59,766 |
| Operating expenses: | ||||
| Citrus Groves | 12,448 | 12,839 | 16,346 | 18,699 |
| Agricultural Supply Chain Management | 5,844 | 11,257 | 8,169 | 16,791 |
| Improved Farmland | 8,865 | 7,142 | 14,395 | 13,016 |
| Ranch and Conservation | 369 | 63 | 706 | 260 |
| Other Operations | 90 | 95 | 152 | 200 |
| Total operating expenses | 27,616 | 31,396 | 39,768 | 48,966 |
| Gross profit | 9,859 | 7,014 | 12,696 | 10,800 |
| Corporate general and administrative | 2,486 | 2,464 | 6,313 | 4,272 |
| Income from operations | 7,373 | 4,550 | 6,383 | 6,528 |
| Other (expense) income: | ||||
| Interest and investment (loss) income, net | (9) | 275 | 27 | 361 |
| Interest expense | (253) | (311) | (522) | (678) |
| Other (loss) income, net | (49) | 59 | (77) | 36 |
| Total other (expense) income, net | (311) | 23 | (572) | (281) |
| Income before income taxes | 7,062 | 4,573 | 5,811 | 6,247 |
| Income tax expense | 2,992 | 1,800 | 2,445 | 2,436 |
| Net income attributable to common shareholders | 4,070 | 2,773 | 3,366 | 3,811 |
| Comprehensive income, net of tax effect | ||||
| Comprehensive income attributable to common shareholders | $ 4,070 | $ 2,773 | $ 3,366 | $ 3,811 |
| Weighted-average number of shares outstanding: | ||||
| Basic | 7,345 | 7,293 | 7,313 | 7,324 |
| Diluted | 7,349 | 7,320 | 7,349 | 7,337 |
| Earnings per common share: | ||||
| Basic | $ 0.55 | $ 0.38 | $ 0.46 | $ 0.52 |
| Diluted | $ 0.55 | $ 0.38 | $ 0.46 | $ 0.52 |
| Cash dividends declared per common share | $ 0.08 | $ 0.12 | $ 0.08 | |
| X | ||||||||||
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- Definition
Costs of citrus groves include activities related to planting, owning, cultivating and/or managing citrus groves on prepared grove land in order to produce fruit for sale to fresh and processed citrus markets. No definition available.
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| X | ||||||||||
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- Definition
Revenues from citrus groves include activities related to planting, owning, cultivating and/or managing citrus groves on prepared grove land in order to produce fruit for sale to fresh and processed citrus markets. No definition available.
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| X | ||||||||||
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- Definition
Costs of improved farmland include activities related to planting, owning, cultivating, managing and/or leasing improved farmland. Improved farmland is acreage that has been recovered from native pasture and which has various improvements including irrigation, drainage and roads. No definition available.
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- Definition
Costs of ranch and conservation include activities related to cattle grazing and management, sod, native plant and animal sales, leasing, management and/or conservation of unimproved native pastureland. No definition available.
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- Definition
Revenues from improved farmland include activities related to planting, owning, cultivating, managing and/or leasing improved farmland. Improved farmland is acreage that has been recovered from native pasture and which has various improvements including irrigation, drainage and roads. No definition available.
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- Definition
Revenues from ranch and conservation includes activities related to cattle grazing and management, sod, native plant and animal sales, leasing, management and/or conservation of unimproved native pastureland. No definition available.
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income from investments (for example, dividends) not considered a component of the entity's core operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Other costs incurred during the reporting period related to other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of other income amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Revenues from the sale of other goods or rendering of other services, not elsewhere specified in the taxonomy; net of (reduced by) sales adjustments, returns, allowances, and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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