XML 59 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income $ 8,396 $ 6,451
Adjustments to reconcile net income to net cash provided by continuing operating activities:    
Depreciation, depletion and amortization 10,362 9,502
Deferred income taxes 1,289 498
Equity in loss of joint ventures 30 8
Gain on sale of equipment and property (2,141) (1,639)
Income from discontinued operations, net 0 (11)
Stock-based compensation 812 633
Net changes in operating assets and liabilities:    
Accounts receivable 21 (393) [1]
Inventory of parts and supplies (108) 151
Prepaid expenses and other current assets 3,211 2,842
Other assets (1,299) (1,431)
Accounts payable and accrued liabilities (1,444) (30)
Income taxes payable and receivable 1,174 1,032
Long-term insurance liabilities and other long-term liabilities 37 (362)
Net cash provided by operating activities of continuing operations 20,340 17,251
Net cash provided by operating activities of discontinued operations 0 10
Net cash provided by operating activities 20,340 17,261
Cash flows from investing activities:    
Purchase of transportation group property and equipment (10,672) (6,605)
Investments in mining royalty land segment 0 (11,039)
Investments in developed property rentals segment (16,276) (7,911) [1]
Investment in joint venture (38) (125)
Proceeds from the sale of property, plant and equipment 3,068 1,906
Net cash used in investing activities (23,918) (23,774)
Cash flows from financing activities:    
Repayment of long-term debt (11,115) (3,646)
Repurchase of Company Stock (233) (315)
Proceeds from borrowing on revolving credit facility 8,500 0
Payment on revolving credit facility (1,200) 0
Excess tax benefits from exercises of stock options and vesting of restricted stock 585 452
Exercise of employee stock options 1,070 834
Net cash used in financing activities (2,393) (2,675)
Net decrease in cash and cash equivalents (5,971) (9,188)
Cash and cash equivalents at beginning of period 6,713 21,026
Cash and cash equivalents at end of the period $ 742 $ 11,838
[1] The Company recorded non-cash transactions for a receivable on previously capitalized real estate taxes on the Anacostia property of $2,250 in the first nine months of fiscal 2012.