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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Feb. 29, 2012
Aug. 31, 2011
ASSETS    
Cash $ 146 $ 46
Current bond trust   1,644
Receivables    
Trade accounts 14,723 19,288
Patrons   15,460
Receivable from affiliates 5,465 4,456
Other receivables 109 109
Total Receivables 20,297 39,313
Inventories    
Refined sugar, in-process sugar, pulp and molasses to be sold on a pooled basis 132,708 38,834
Non-member refined sugar 2,409 4,730
Sugarbeet inventory 10,935  
Yeast 177 157
Materials and supplies 13,149 15,761
Total Inventories 159,378 59,482
Deferred charges 847 1,693
Prepaid expenses 2,049 2,111
Prepaid beet seed 8,642  
Current deferred income tax asset 27 11
Total Current Assets 191,386 104,300
PROPERTY, PLANT AND EQUIPMENT    
Land and land improvements 29,622 28,742
Buildings 37,964 37,883
Factory/Agricultural equipment 163,884 159,371
Other equipment 6,633 6,620
Capitalized leases 3,331 3,353
Construction in progress 11,120 13,917
Total Property, Plant and Equipment 252,554 249,886
Less accumulated depreciation (149,176) (144,527)
Net Property, Plant and Equipment 103,378 105,359
OTHER ASSETS    
Investment in other cooperatives and other corporations 10,721 10,921
Investment in unconsolidated marketing subsidiaries 226 181
Beet chemicals 3,388 4,063
Bond trust   1,912
Bond financing costs - net of amortization 282 297
Other long-term assets 2,053 3,446
Total Other Assets 16,670 20,820
TOTAL ASSETS 311,434 230,479
LIABILITIES AND PATRONS' INVESTMENT    
Short-term notes payable 76,812 40,646
Current portion of long-term debt and capital leases 2,991 3,012
Accounts payable:    
Trade 7,734 18,459
Checks outstanding 1,009 928
Patrons 48,765 24,377
Total Accounts Payable 57,508 43,764
Income tax 69  
Payable to affiliates 1,503 1,674
Accrued liabilities 9,190 3,788
Total Current Liabilities 148,073 92,884
LONG-TERM DEBT, CAPITAL LEASES, AND BONDS PAYABLE, NET OF CURRENT PORTION 40,997 42,901
LONG-TERM DEFERRED INCOME TAX LIABILITY 133 177
OTHER LONG-TERM LIABILITIES 657 753
LONG-TERM PENSION LIABILITY 16,115 17,050
COMMITMENTS AND CONTINGENCIES      
Total Liabilities 205,975 153,765
PATRONS' INVESTMENT    
Total Preferred stock 18,483 18,483
Common stock, 600 shares authorized, $250 par value; issued and outstanding, 476 shares at February 29, 2012 and 476 shares at August 31, 2011 119 119
Paid in capital in excess of par value 32,094 32,094
Unit retention capital 3,104 3,104
Nonqualified allocated patronage 57,004 28,299
Accumulated other comprehensive loss-interest swap (951) (903)
Accumulated other comprehensive loss-pension (15,541) (15,571)
Retained earnings 11,147 11,089
Total Patrons' Investment 105,459 76,714
TOTAL LIABILITIES AND PATRONS' INVESTMENT 311,434 230,479
Preferred Stock Class A [Member]
   
PATRONS' INVESTMENT    
Total Preferred stock 7,581 7,581
Preferred Stock Class B [Member]
   
PATRONS' INVESTMENT    
Total Preferred stock 5,415 5,415
Preferred Stock Class C [Member]
   
PATRONS' INVESTMENT    
Total Preferred stock $ 5,487 $ 5,487