v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
Net cash provided by operating activities:      
Net income (loss) $ 11,886,000 $ 34,820,000 $ 23,714,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 15,229,000 15,122,000 14,282,000
Debt issue costs expense 255,000 179,000 238,000
Deferred income tax expense (3,876,000) 2,249,000 7,603,000
Cash surrender value 160,000 (14,000) (10,000)
Deferred retirement (expense) benefit     (5,226,000)
Gain on sale of real estate, property and equipment and assets held for sale (41,102,000) (35,898,000) (30,424,000)
Inventory net realizable value adjustment 6,676,000    
Casualty loss - tree damage 1,258,000    
Loss on disposal of property and equipment 3,251,000 2,338,000 1,382,000
Inventory Casualty Loss 14,900,000    
Casualty loss - building 142,000    
Impairment of long-lived assets     598,000
Impairment of right-of-use-asset     87,000
Insurance proceeds received for damage to property and equipment   (103,000)  
Stock-based compensation expense 1,235,000 1,230,000 1,306,000
Changes in operating assets and liabilities:      
Accounts receivable 5,781,000 (1,758,000) (3,634,000)
Inventories (5,881,000) (2,522,000) (712,000)
Prepaid expenses (271,000) (115,000) (135,000)
Income tax receivable 2,117,000 (2,452,000) (781,000)
Other assets (450,000) 575,000 (839,000)
Accounts payable and accrued liabilities (5,111,000) 3,429,000 (1,530,000)
Income tax payable     (5,536,000)
Other liabilities 324,000 (576,000) 666,000
Net cash provided by operating activities 6,523,000 16,504,000 1,049,000
Cash flows from investing activities:      
Purchases of property and equipment (20,731,000) (22,258,000) (18,785,000)
Purchases of citrus groves (136,000) (18,527,000) (2,920,000)
Net proceeds from sale of real estate, property and equipment and assets held for sale 43,159,000 37,266,000 31,541,000
Insurance proceeds received for damage to property and equipment   103,000  
Change in deposits on purchase of citrus trees 176,000 217,000 (458,000)
Advances on notes receivables, net   371,000 136,000
Purchases of mineral rights   (453,000)  
Other   13,000 (25,000)
Net cash provided by (used in) investing activities 22,468,000 (3,268,000) 9,489,000
Cash flows from financing activities:      
Repayments on revolving lines of credit (52,227,000) (50,735,000) (114,581,000)
Borrowings on revolving lines of credit 57,155,000 47,793,000 117,523,000
Principal payments on term loans (19,598,000) (21,957,000) (15,198,000)
Treasury stock purchases     (238,000)
Dividends paid (15,101,000) (7,138,000) (2,466,000)
Exercise of stock options 465,000    
Deferred financing costs     (23,000)
Capital contribution received from noncontrolling interest 294,000   294,000
Net cash used in financing activities (29,012,000) (32,037,000) (14,689,000)
Net decrease in cash and cash equivalents and restricted cash (21,000) (18,801,000) (4,151,000)
Cash and cash equivalents and restricted cash at beginning of the period 886,000 19,687,000 23,838
Cash and cash equivalents and restricted cash at end of the period 865,000 886,000 19,687,000
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of amount capitalized 3,192,000 3,940,000 5,832,000
Cash paid (refunded) for income taxes 3,430,000 11,770,000 6,403,000
Supplemental disclosure of non-cash investing and financing activities:      
Dividends declared but unpaid $ 3,793,000 $ 3,763,000 $ 674,000

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