Annual report pursuant to section 13 and 15(d)

Selected Quarterly Financial Data (unaudited) (Tables)

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Selected Quarterly Financial Data (unaudited) (Tables)
12 Months Ended
Sep. 30, 2012
Selected Quarterly Financial Data (unaudited) [Abstract]  
Schedule of Quarterly Financial Data
                                 
(dollars in thousands)  

Fiscal quarter ended

   

December 31

 

March 31

 

June 30

 

September 30

   

2011

 

2010

 

2012

 

2011(a)

 

2012(b)

 

2011

 

2012

 

2011

Total operating revenue   $ 26,076     $ 16,555     $ 54,132     $ 36,490     $ 40,420     $ 39,341     $ 6,559     $ 6,206  
Total operating expenses     20,533       14,062       39,859       28,422       29,892       27,502       4,671       5,173  
                                                                 
Gross profit     5,543       2,493       14,273       8,068       10,528       11,839       1,888       1,033  
Corporate general and administrative     2,019       2,011       1,842       1,597       1,890       1,766       2,739       2,822  
Other (expense) income     (360 )     (632 )     (502 )     (2,095 )     6,888       (331 )     (306 )     348  
                                                                 
Income (loss) before income taxes     3,164       (150 )     11,929       4,376       15,526       9,742       (1,157 )     (1,441 )
Income tax expense (benefit)     1,231       (57 )     4,515       1,664       5,919       3,771       (692 )     52  
                                                                 
Net (loss) income   $ 1,933     $ (93 )   $ 7,414     $ 2,712       9,607       5,971     $ (465 )   $ (1,493 )
                                                                 
Basic and diluted earnings (loss) per share   $ 0.26     $ (0.01 )   $ 1.01     $ 0.37       1.31       0.81     $ (0.06 )   $ (0.20 )
                                                                 
  (a) During the quarter ended March 31, 2011, the Company fully reserved $1,685,000 in allocated surplus that had been recorded based on patronage allocation with Farm Credit which is included in other (expense) income in the table above. See Note 4. Investments, Deposits and Other Assets.
  (b) During the fiscal year 2012, the Company recorded a gain on the sale of the Polk County, Florida properties totaling $9,113,000 and an impairment charge of $1,918,000. Impairment was recorded on assets held for sale on the consolidated balance sheet as of September 30, 2012, which were subsequently sold on October 3, 2012. See Note 7. Property, Buildings and Equipment, Net and Note 18. Subsequent Events.