COMMITMENTS AND CONTINGENCIES

9 Months Ended

Jun. 30, 2013

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

11.       COMMITMENTS AND CONTINGENCIES

Environmental Matters

As of June 30, 2013, environmental remediation costs of $706,000, which has not been discounted, was accrued in “Other current liabilities” on the Condensed Consolidated Balance Sheets. The amount accrued is the estimated liability for probable environmental remediation costs for soil contamination from infrastructure issues at the Dunvegan and Wood River properties. Because of the inherent uncertainties associated with environmental assessment and remediation activities, future expenses to remediate the currently identified sites, and sites identified in the future, if any, could be incurred. No accrual for environmental remediation costs was necessary at September 30, 2012.