Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Sep. 30, 2013
Current assets:    
Cash and cash equivalents $ 30,779 $ 24,583
Investments 263 260
Accounts receivable, net 3,847 4,266
Inventories 19,929 29,403
Assets held for sale 56,681   
Other current assets 573 1,283
Total current assets 112,072 59,795
Investment in Magnolia Fund 1,435 5,086
Investments, deposits and other non-current assets 1,933 1,991
Cash surrender value of life insurance 695 897
Property, buildings and equipment, net 87,432 131,071
Total assets 203,567 198,840
Current liabilities:    
Accounts payable 1,729 1,729
Long-term debt, current portion 2,000 2,000
Accrued expenses 1,618 2,354
Income taxes payable 4,572 1,171
Dividend payable 442 1,461
Accrued ad valorem taxes 1,850 1,634
Other current liabilities 3,485 1,142
Total current liabilities 15,696 11,491
Long-term debt, net of current portion 32,000 34,000
Capital lease obligation, noncurrent 839   
Deferred income taxes 5,739 6,584
Deferred retirement benefits, net of current portion 3,856 4,029
Total liabilities 58,130 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 7,361,340 and 7,303,568 shares outstanding at September 30, 2014 and September 30, 2013, respectively 7,377 7,377
Additional paid in capital 3,742 9,496
Treasury stock at cost, 15,766 and 73,538 shares held at September 30, 2014 and September 30, 2013, respectively (650) (2,816)
Retained earnings 134,968 128,679
Total stockholders' equity 145,437 142,736
Total liabilities and stockholders' equity $ 203,567 $ 198,840