XML 93 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:      
Net income $ 10,019 $ 15,385 $ 7,808
Adjustments to reconcile net income to net cash provided by continuing operating activities:      
Depreciation, depletion and amortization 16,139 14,065 12,994
Deferred income taxes (801) 4,437 1,539
Equity in loss of joint ventures 128 63 8
Gain on sale of equipment and property (1,063) (8,889) (2,332)
Income from discontinued operations, net 0 0 (97)
Stock-based compensation 1,139 883 701
Net changes in operating assets and liabilities:      
Accounts receivable 1,037 47 (317) [1]
Inventory of parts and supplies (14) (38) 278
Prepaid expenses and other current assets (298) 1,340 (685)
Other assets (1,891) (1,595) (1,899)
Accounts payable and accrued liabilities (433) 619 [2] 1,572
Income taxes payable and receivable 226 901 (333)
Long-term insurance liabilities and other long-term liabilities (834) (340) 1,070
Net cash provided by operating activities of continuing operations 23,354 26,878 20,307
Net cash provided by operating activities of discontinued operations 0 0 177
Net cash provided by operating activities 23,354 26,878 20,484
Cash flows from investing activities:      
Purchase of transportation group property and equipment (9,631) (15,612) (10,459)
Investments in mining royalty land segment 0 0 (11,039)
Investments in developed property rentals segment (19,283) (22,936) (12,850)
Transportation group business acquisition (10,023) 0 0
Investment in joint ventures (5,266) (116) (125)
Cash held in escrow 1,508 (1,569) 0
Proceeds from the sale of real estate held for investment, property, plant and equipment 3,324 17,708 [2] 2,817
Net cash used in investing activities (39,371) (22,525) (31,656)
Cash flows from financing activities:      
Increase in bank overdrafts 685 248 0
Repayment of long-term debt (4,311) (12,466) (4,902)
Repurchase of Company Stock 0 (233) (315)
Proceeds from borrowing on revolving credit facility 30,945 7,300 0
Payment on revolving credit facility (13,300) (7,300) 0
Excess tax benefits from exercises of stock options and vesting of restricted stock 1,047 701 754
Exercise of employee stock options 1,462 1,186 1,322
Net cash provided by (used in) financing activities 16,528 (10,564) (3,141)
Net increase (decrease) in cash and cash equivalents 511 (6,211) (14,313)
Cash and cash equivalents at beginning of year 502 6,713 21,026
Cash and cash equivalents at end of the year 1,013 502 6,713
Supplemental disclosures of cash flow information:      
Cash paid during the year for interest, net of capitalized amounts 1,475 2,520 2,638
Cash paid during the year for income taxes $ 6,180 $ 3,803 $ 3,717
[1] The Company recorded non-cash transactions in 2012 for a $2,311 receivable on previously capitalized real estate taxes on the Anacostia property.
[2] The Company recorded a $334 non-cash transaction for accrued liabilities of deferred gains and post sale obligations related to investment land sold in 2013.