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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Revenues:        
Rental revenue $ 6,089 $ 5,879 $ 12,116 $ 11,747
Royalty and rents 1,756 1,315 3,394 2,635
Revenue - reimbursements 1,770 1,754 2,928 2,868
Total revenues 9,615 8,948 18,438 17,250
Cost of operations:        
Depreciation, depletion and amortization 1,929 1,878 3,825 3,761
Operating expenses 1,531 1,755 2,504 2,669
Environmental remediation recovery 0 0 (3,000) 0
Property taxes 1,142 1,234 2,260 2,329
Management company indirect 496 442 1,000 794
Corporate expenses (Note 4 Related Party) 1,008 1,480 1,740 3,193
Total cost of operations 6,106 6,789 8,329 12,746
Total operating profit 3,509 2,159 10,109 4,504
Interest income 1 0 2 0
Interest expense (415) (620) (896) (1,065)
Equity in loss of joint ventures (86) (150) (140) (180)
Gain (loss) on investment land sold 0 (3) 6,286 (20)
Income from continuing operations before income taxes 3,009 1,386 15,361 3,239
Provision for income taxes 1,189 541 6,068 1,263
Income from continuing operations 1,820 845 9,293 1,976
Gain from discontinued transportation operations, net of taxes 0 516 0 2,179
Net income 1,820 1,361 9,293 4,155
Comprehensive net income $ 1,820 $ 1,361 $ 9,293 $ 4,155
Basic earnings per common share        
Income from continuing operations $ 0.18 $ 0.09 $ 0.95 $ 0.20
Discontinued operations 0.00 0.05 0.00 0.23
Net income 0.18 0.14 0.95 0.43
Diluted earnings per common share        
Income from continuing operations 0.18 0.09 0.94 0.20
Discontinued operations 0.00 0.05 0.00 0.22
Net income $ 0.18 $ 0.14 $ 0.94 $ 0.42
Number of shares (in thousands) used in computing:        
-basic earnings per common share 9,853 9,749 9,828 9,730
-diluted earnings per common share 9,893 9,818 9,873 9,813