Quarterly report pursuant to sections 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data
3 Months Ended 9 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Operating revenues:        
Agricultural operations $ 39,681 $ 38,681 $ 118,501 $ 90,274
Non-agricultural operations 739 660 2,127 2,112
Real estate operations        
Total operating revenue 40,420 39,341 120,628 92,386
Operating expenses:        
Agricultural operations 29,326 27,110 88,930 68,674
Non-agricultural operations 481 302 1,027 948
Real estate operations 85 90 327 364
Total operating expenses 29,892 27,502 90,284 69,986
Gross profit 10,528 11,839 30,344 22,400
Corporate general and administrative 1,890 1,766 5,751 5,374
Income from operations 8,638 10,073 24,593 17,026
Other (expense) income:        
Interest and investment income, net (16) 57 26 (1,657)
Interest expense (354) (502) (1,290) (1,572)
Gain on sale of real estate 9,124   9,124  
Impairment on assets held for sale (1,868)   (1,868)  
Other 2 114 34 171
Total other income (expense), net 6,888 (331) 6,026 (3,058)
Income before income taxes 15,526 9,742 30,619 13,968
Income tax expense 5,919 3,771 11,665 5,378
Net income $ 9,607 $ 5,971 $ 18,954 $ 8,590
Weighted-average number of shares outstanding        
Basic 7,354 7,352 7,354 7,366
Diluted 7,354 7,352 7,354 7,366
Earnings per common share amounts:        
Basic $ 1.31 $ 0.81 $ 2.58 $ 1.17
Diluted $ 1.31 $ 0.81 $ 2.58 $ 1.17
Cash dividends declared per common share $ 0.04 $ 0.0 $ 0.12 $ 0.0