XML 50 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 6,451 $ 10,457
Adjustments to reconcile net income to net cash provided by continuing operating activities:    
Depreciation, depletion and amortization 9,502 9,126
Deferred income taxes 498 (813) [1]
Equity in loss of joint venture 8 16
Gain on sale of equipment and property (1,639) (245)
(Income) from discontinued operations, net (11) (5,125)
Stock-based compensation 633 624
Net changes in operating assets and liabilities:    
Accounts receivable (393) [2] (1,848)
Inventory of parts and supplies 151 (373)
Prepaid expenses and other current assets 2,842 2,997
Other assets (1,431) 54
Accounts payable and accrued liabilities (30) 628
Income taxes payable and receivable 1,032 2,917 [1]
Long-term insurance liabilities and other long-term liabilities (362) 159
Net cash provided by operating activities of continuing operations 17,251 18,574
Net cash provided by (used in) operating activities of discontinued operations 10 (605)
Net cash provided by operating activities 17,261 17,969
Cash flows from investing activities:    
Purchase of transportation group property and equipment (6,605) (4,660)
Investments in mining royalty land segment (11,039) 0
Investments in developed property rentals segment (7,911) [2] (8,365) [1]
Investment in joint venture (125) (114)
Proceeds from the sale of property, plant and equipment 1,906 528 [1]
Proceeds received on note for sale of SunBelt 0 3,947
Net cash used in investing activities (23,774) (8,664)
Cash flows from financing activities:    
Repayment of long-term debt (3,646) (3,412)
Repurchase of Company Stock (315) (1,145)
Excess tax benefits from exercises of stock options and vesting of restricted stock 452 323
Exercise of employee stock options 834 538
Net cash used in financing activities (2,675) (3,696)
Net increase (decrease) in cash and cash equivalents (9,188) 5,609
Cash and cash equivalents at beginning of period 21,026 17,151
Cash and cash equivalents at end of the period $ 11,838 $ 22,760
[1] The Company recorded non-cash transactions in fiscal 2011 from an exchange of real estate of $4,941 along with a related deferred tax liability of $1,792 and a $2,053 permanent tax benefit on the value of donated minerals and aggregates which was recorded as a $342 receivable and $1,711 deferred tax.
[2] The Company recorded non-cash transactions in fiscal 2012 for a $2,250 receivable on previously capitalized real estate taxes on the Anacostia property.