Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Sep. 30, 2013
Current assets:    
Cash and cash equivalents $ 24,192 $ 24,583
Investments 262 260
Accounts receivable, net 16,465 4,266
Due from sugar processor 11,012   
Inventories 16,693 29,403
Assets held for sale 3,538   
Other current assets 700 1,283
Total current assets 72,862 59,795
Investment in Magnolia Fund 2,043 5,086
Investments, deposits and other non-current assets 2,066 1,991
Cash surrender value of life insurance 905 897
Property, buildings and equipment, net 123,122 131,071
Total assets 200,998 198,840
Current liabilities:    
Accounts payable 1,385 1,729
Long-term debt, current portion 2,000 2,000
Accrued expenses 3,081 2,354
Income taxes payable 3,546 1,171
Dividend payable 441 1,461
Accrued ad valorem taxes 1,207 1,634
Other current liabilities 4,138 1,142
Total current liabilities 15,798 11,491
Long-term debt, net of current portion 32,500 34,000
Deferred income taxes, net of current portion 6,520 6,584
Deferred retirement benefits, net of current portion 4,071 4,029
Total liabilities 58,889 56,104
Commitments and contingencies      
Stockholders' equity:    
Preferred stock, no par value. Authorized 1,000,000 shares; issued and outstanding, none      
Common stock, $1 par value; 15,000,000 shares authorized; 7,377,106 shares issued and 7,355,890 and 7,303,568 shares outstanding at June 30, 2014 and September 30, 2013, respectively 7,377 7,377
Additional paid in capital 3,763 9,496
Treasury stock at cost, 21,216 and 73,538 shares held at June 30, 2014 and September 30, 2013, respectively (875) (2,816)
Retained earnings 131,844 128,679
Total stockholders' equity 142,109 142,736
Total liabilities and stockholders' equity $ 200,998 $ 198,840