| Selected Quarterly Financial Data (unaudited) |
Note 18. Selected Quarterly Financial Data (unaudited)
Summarized quarterly financial data (in thousands except for per share amounts) for the fiscal years ended September 30, 2014 and 2013 were as follows:
| (in thousands) |
Fiscal Quarter Ended |
| |
December 31, |
|
March 31, |
|
June 30, |
|
September 30, |
| |
2013 |
|
2012 |
|
2014 |
|
2013 |
|
2014 |
|
2013 |
|
2014 |
|
2013 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total operating revenue |
$ |
14,989 |
|
|
$ |
21,356 |
|
|
$ |
37,475 |
|
|
|
$ |
38,410 |
|
|
$ |
28,675 |
|
|
$ |
35,229 |
|
|
$ |
7,541 |
|
|
$ |
6,666 |
|
| Total operating expenses |
|
12,152 |
|
|
|
17,570 |
|
|
|
27,616 |
|
|
|
|
31,396 |
|
|
|
24,416 |
|
|
|
26,164 |
|
|
|
4,406 |
|
|
|
4,857 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gross profit |
|
2,837 |
|
|
|
3,786 |
|
|
|
9,859 |
|
|
|
|
7,014 |
|
|
|
4,259 |
|
|
|
9,065 |
|
|
|
3,135 |
|
|
|
1,809 |
|
| Corporate, general and administrative |
|
3,827 |
|
|
|
1,808 |
|
|
|
2,486 |
|
|
|
|
2,464 |
|
|
|
2,097 |
|
|
|
2,253 |
|
|
|
3,824 |
|
|
|
3,214 |
|
| Other (expense) income |
|
(261 |
) |
|
|
(304 |
) |
|
|
(311 |
) |
|
|
|
23 |
|
|
|
(252 |
) |
|
|
(167 |
) |
|
|
4,751 |
|
|
|
20,188 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) before income taxes |
|
(1,251 |
) |
|
|
1,674 |
|
|
|
7,062 |
|
|
|
|
4,573 |
|
|
|
1,910 |
|
|
|
6,645 |
|
|
|
4,062 |
|
|
|
18,783 |
|
| Income tax expense (benefit) |
|
(547 |
) |
|
|
636 |
|
|
|
2,992 |
|
|
|
|
1,800 |
|
|
|
791 |
|
|
|
2,566 |
|
|
|
497 |
|
|
|
7,027 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net (loss) income |
$ |
(704 |
) |
|
$ |
1,038 |
|
|
$ |
4,070 |
|
|
|
$ |
2,773 |
|
|
$ |
1,119 |
|
|
$ |
4,079 |
|
|
$ |
3,565 |
|
|
$ |
11,756 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
$ |
(0.10 |
) |
|
$ |
0.14 |
|
|
$ |
0.55 |
|
|
|
$ |
0.38 |
|
|
$ |
0.15 |
|
|
$ |
0.56 |
|
|
$ |
0.50 |
|
|
$ |
1.61 |
|
| Diluted |
$ |
(0.10 |
) |
|
$ |
0.14 |
|
|
$ |
0.55 |
|
|
|
$ |
0.38 |
|
|
$ |
0.15 |
|
|
$ |
0.55 |
|
|
$ |
0.49 |
|
|
$ |
1.60 |
|
During fiscal year 2013, the Company recorded a gain on the sale of a Conservation Easement on 11,600 acres of property in Hendry County totaling $20,343,000.
|