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
 6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net cash used in operating activities:    
Net income $ 3,208 $ 4,141
Adjustments to reconcile net income to net cash used in operating activities:    
Deferred gain on sale of sugarcane land (282) (265)
Depreciation, depletion and amortization 6,922 7,796
Deferred income tax provision (benefit) (4,306) 3,048
Gain on sale of real estate, property and equipment (1,835) (1,619)
Non-cash interest expense on deferred gain on sugarcane land 688 707
Stock-based compensation expense 856 835
Other (300) 153
Changes in operating assets and liabilities:    
Accounts receivable (12,229) (17,909)
Inventories 9,194 3,434
Prepaid expenses and other assets (620) (1,627)
Accounts payable and accrued expenses (533) (2,701)
Other liabilities (1,014) 1,258
Net cash used in operating activities (251) (2,749)
Cash flows from investing activities:    
Purchases of property and equipment (7,438) (5,040)
Proceeds from sale of property and equipment 24,612 2,651
Notes receivable (379) 0
Other 0 156
Net cash provided by (used in) investing activities 16,795 (2,233)
Cash flows from financing activities:    
Repayments on revolving lines of credit (21,424) (47,082)
Borrowings on revolving lines of credit 21,424 53,499
Principal payments on term loans (6,715) (5,381)
Treasury stock purchases (206) (641)
Dividends paid (988) (997)
Capital lease obligation payments (8) 0
Net cash used in financing activities (7,917) (602)
Net increase (decrease) in cash and cash equivalents 8,627 (5,584)
Cash and cash equivalents at beginning of the period 3,395 6,625
Cash and cash equivalents at end of the period $ 12,022 $ 1,041