Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 9,613 $ 10,375
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of sugarcane land (422) (618)
Depreciation, depletion and amortization 11,529 12,088
Deferred income taxes 4,437 7,288
(Gain) loss on sale of property and equipment (1,338) 626
Non-cash interest expense on deferred gain on sugarcane land 1,060 1,051
Stock-based compensation expense 1,230 635
Other 145 473
Changes in operating assets and liabilities:    
Accounts receivable (7,104) (10,932)
Inventories 17,350 14,147
Income tax receivable 738 861
Prepaid expenses and other assets (1,359) (1,193)
Accounts payable and accrued expenses (6,826) (196)
Income tax payable 1,539 0
Other liabilities (1,692) (420)
Net cash provided by operating activities 28,900 34,185
Cash flows from investing activities:    
Purchases of property and equipment (11,450) (9,115)
Proceeds from sale of property and equipment 3,016 0
Other 155 164
Net cash used in investing activities (8,279) (8,951)
Cash flows from financing activities:    
Proceeds from term loans 0 2,500
Principal payments on revolving lines of credit (70,770) (53,882)
Borrowings on revolving lines of credit 65,770 53,882
Principal payments on term loans (8,061) (8,080)
Contingent consideration paid 0 (7,500)
Treasury stock purchases (2,174) (3,141)
Dividends paid (1,496) (1,497)
Capital lease obligation payments (571) 0
Net cash used in financing activities (17,302) (17,718)
Net increase in cash and cash equivalents 3,319 7,516
Cash and cash equivalents at beginning of the period 6,625 5,474
Cash and cash equivalents at end of the period $ 9,944 $ 12,990