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
 3 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Net cash used in operating activities:    
Net income (loss) $ 8,738 $ (1,743)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Deferred gain on sale of sugarcane land (141) (300)
Depreciation, depletion and amortization 3,490 3,916
Deferred income tax benefit (12,417) (1,273)
Gain on sale of property and equipment (1,596) (205)
Non-cash interest expense on deferred gain on sugarcane land 344 356
Stock-based compensation expense 423 440
Other (44) 125
Changes in operating assets and liabilities:    
Accounts receivable (7,589) (7,177)
Inventories 3,024 (4,053)
Prepaid expenses and other assets (240) (1,579)
Accounts payable and accrued expenses (3,298) (4,823)
Other liabilities (383) (1,121)
Net cash used in operating activities (9,689) (17,437)
Cash flows from investing activities:    
Purchases of property and equipment (3,561) (2,357)
Proceeds from sale of property and equipment 5,300 0
Other 0 547
Net cash provided by (used in) investing activities 1,739 (1,810)
Cash flows from financing activities:    
Repayments on revolving lines of credit (10,608) (5,000)
Borrowings on revolving lines of credit 17,731 21,945
Principal payments on term loans (1,118) (2,699)
Dividends paid (494) (498)
Capital lease obligation payments (8) 0
Net cash provided by financing activities 5,503 13,748
Net decrease in cash and cash equivalents (2,447) (5,499)
Cash and cash equivalents at beginning of the period 3,395 6,625
Cash and cash equivalents at end of the period $ 948 $ 1,126