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, 2020
Dec. 31, 2019
Net cash used in operating activities:    
Net income (loss) $ 3,804 $ 898
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation, depletion, and amortization 3,851 3,609
Gain on sale of real estate, property and equipment and assets held for sale (3,364) (25)
Loss on disposal of long-lived assets 443 88
Impairment of right-of-use asset   87
Stock-based compensation expense 307 301
Changes in operating assets and liabilities:    
Accounts receivable (1,251) (1,139)
Inventories (5,575) (3,145)
Prepaid expenses (432) (477)
Income tax receivable 781  
Other assets 134 (457)
Accounts payable and accrued liabilities (3,882) (6,213)
Income taxes payable 469 361
Other liabilities (394) 69
Net cash used in operating activities (5,109) (6,043)
Cash flows from investing activities:    
Purchases of property and equipment (5,062) (3,541)
Acquisition of citrus grove (16,450)  
Net proceeds from sale of real estate, property and equipment and assets held for sale 3,425 42
Change in deposits on purchase of citrus trees 64 (194)
Advances on notes receivables, net 122 4
Other 25  
Net cash used in investing activities (17,876) (3,689)
Cash flows from financing activities:    
Repayments on revolving lines of credit (14,187)  
Borrowings on revolving lines of credit 23,449  
Principal payments on term loans (2,689) (7,132)
Treasury stock purchases   (238)
Dividends paid (674) (448)
Deferred financing costs   (23)
Net cash provided by (used in) financing activities 5,899 (7,841)
Net decrease in cash and cash equivalents and restricted cash (17,086) (17,573)
Cash and cash equivalents and restricted cash at beginning of the period 19,687 23,838
Cash and cash equivalents and restricted cash at end of the period $ 2,601 $ 6,265