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, 2021
Dec. 31, 2020
Net cash used in operating activities:    
Net income (loss) $ 10,080 $ 3,804
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation, depletion, and amortization 3,836 3,806
Gain on sale of real estate, property and equipment and assets held for sale (8,445) (3,364)
Loss on disposal of long-lived assets 137 443
Deferred income tax benefit (4,876)  
Debt issue cost expense 43 45
Stock-based compensation expense 375 307
Changes in operating assets and liabilities:    
Accounts receivable (2,796) (1,251)
Inventories (2,573) (5,575)
Prepaid expenses (418) (432)
Income tax receivable 1,576 781
Other assets 117 134
Accounts payable and accrued liabilities (6,328) (3,882)
Income taxes payable   469
Other liabilities (336) (394)
Net cash used in operating activities (9,608) (5,109)
Cash flows from investing activities:    
Purchases of property and equipment (4,193) (5,062)
Acquisition of citrus groves (136) (16,450)
Net proceeds from sale of real estate, property and equipment and assets held for sale 8,604 3,425
Change in deposits on purchase of citrus trees (196) 64
Advances on notes receivables, net   122
Other   25
Net cash provided by (used in) investing activities 4,079 (17,876)
Cash flows from financing activities:    
Repayments on revolving lines of credit (16,319) (14,187)
Borrowings on revolving lines of credit 25,696 23,449
Principal payments on term loans (1,072) (2,689)
Exercise of stock options 170  
Dividends paid (3,763) (674)
Net cash provided by financing activities 4,712 5,899
Net decrease in cash and cash equivalents (817) (17,086)
Cash and cash equivalents at beginning of the period 886 19,687
Cash and cash equivalents at end of the period $ 69 $ 2,601