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 ($)
 3 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Sep. 30, 2019
Net cash provided by operating activities:          
Net income $ 2,088,000 $ 16,216,000 $ 6,552,000 $ 21,173,000  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation, depletion, and amortization 3,648,000 3,490,000 10,847,000 10,441,000  
Deferred income tax (benefit) expense     (772,000) 454,000  
Loss on disposal of long-lived assets     48,000    
Gain on sale of real estate, property and equipment and assets held for sale     (3,065,000) (137,000)  
Change in fair value of derivatives       989,000  
Impairment of long-lived assets     723,000 244,000  
Impairment of right-of-use asset     87,000    
Stock-based compensation expense     1,042,000 537,000  
Other     15,000 (160,000)  
Changes in operating assets and liabilities:          
Accounts receivable     (196,000) (3,741,000)  
Inventories     10,890,000 10,327,000  
Prepaid expenses and other assets     (758,000) (480,000)  
Accounts payable and accrued liabilities     (1,852,000) (2,587,000)  
Income tax payable     (2,734,000) 4,250,000  
Other liabilities     294,000 376,000  
Net cash provided by operating activities     21,121,000 41,686,000  
Cash flows from investing activities:          
Purchases of property and equipment     (17,007,000) (14,567,000)  
Net proceeds from sale of real estate, property and equipment and assets held for sale     3,322,000 419,000  
Change in deposits on purchase of citrus trees     53,000 (256,000)  
Deposit on purchase of citrus grove     (25,000)    
Advances on notes receivables, net     91,000 56,000  
Net cash used in investing activities     (13,566,000) (14,348,000)  
Cash flows from financing activities:          
Repayments on revolving lines of credit     (46,187,000) (86,123,000)  
Borrowings on revolving lines of credit     110,567,000 83,438,000  
Principal payments on term loans     (12,509,000) (8,169,000)  
Treasury stock purchases     (238,000) (25,576,000)  
Payment on termination of sugarcane agreement       (11,300,000)  
Dividends paid     (1,793,000) (1,343,000)  
Deferred financing costs     (23,000)    
Net cash provided by (used in) financing activities     49,817,000 (49,073,000)  
Net increase (decrease) in cash and cash equivalents and restricted cash     57,372,000 (21,735,000)  
Cash and cash equivalents and restricted cash at beginning of the period     23,838,000 32,260,000 $ 32,260,000
Cash and cash equivalents and restricted cash at end of the period $ 81,210,000 $ 10,525,000 $ 81,210,000 $ 10,525,000 $ 23,838,000