v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Net cash used in operating activities:    
Net (loss) income $ (2,503) $ 8,738
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Deferred gain on sale of sugarcane land 0 (141)
Depreciation, depletion and amortization 3,458 3,490
Deferred income tax benefit (629) (12,417)
Gain on sale of real estate, property and equipment and assets held for sale (22) (1,596)
Change in fair value of derivatives 956 0
Non-cash interest expense on deferred gain on sugarcane land 0 344
Stock-based compensation expense 553 423
Other (7) (44)
Changes in operating assets and liabilities:    
Accounts receivable (4,298) (7,589)
Inventories (1,425) 3,024
Prepaid expenses and other assets (343) (240)
Income tax receivable (469) 0
Accounts payable and accrued expenses (5,636) (3,298)
Income tax payable (1,691) 0
Other liabilities 55 (383)
Net cash used in operating activities (12,001) (9,689)
Cash flows from investing activities:    
Purchases of property and equipment (3,458) (3,561)
Net proceeds from sale of property and equipment and assets held for sale 202 5,300
Deposits on purchase of citrus trees (632) 0
Notes receivable 4 0
Net cash (used in) provided by investing activities (3,884) 1,739
Cash flows from financing activities:    
Repayments on revolving lines of credit (6,948) (10,608)
Borrowings on revolving lines of credit 26,577 17,731
Principal payments on term loans (2,707) (1,118)
Treasury stock purchases (25,576) 0
Dividends paid (447) (494)
Capital lease obligation payments 0 (8)
Net cash (used in) provided by financing activities (9,101) 5,503
Net decrease in cash and cash equivalents and restricted cash (24,986) (2,447)
Cash and cash equivalents and restricted cash at beginning of the period 32,260 3,395
Cash and cash equivalents and restricted cash at end of the period $ 7,274 $ 948

Source