Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (unaudited)

v2.4.0.8
Selected Quarterly Financial Data (unaudited)
12 Months Ended
Sep. 30, 2014
Selected Quarterly Financial Data (unaudited) [Abstract]  
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.