XML 52 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Business Segments (Tables)
6 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Business segments
  Three Months ended   Six Months ended
  March 31,   March 31,
    2014       2013       2014       2013  
Revenues:                              
 Transportation $ 31,900       27,176     $ 63,491       53,815  
 Mining royalty land   1,226       1,244       2,494       2,575  
 Developed property rentals   6,781       5,448       12,742       10,535  
  $ 39,907       33,868     $ 78,727       66,925  
                               

Operating profit:

                             
 Transportation $ 1,324       2,328     $ 3,272       4,596  
 Mining royalty land   1,068       1,102       2,196       2,301  
 Developed property rentals   2,477       2,394       4,843       4,509  
 Corporate expenses:                              
  Allocated to transportation   (427 )     (407 )     (919 )     (878 )
  Allocated to mining land   (189 )     (176 )     (378 )     (352 )
  Allocated to developed property   (283 )     (264 )     (566 )     (528 )
  Unallocated   (824 )     (669 )     (1,178 )     (932 )
    (1,723 )     (1,516 )     (3,041 )     (2,690 )
  $ 3,146       4,308     $ 7,270       8,716  
                               
Interest expense:                              
 Mining royalty land $ 39       12     $ 65       23  
 Developed property rentals   307       568       592       985  
  $ 346       580     $ 657       1,008  
                             
Capital expenditures:                              
 Transportation (a) $ 410       574     $ 9,141       7,361  
 Mining royalty land   —         —         —         —    
 Developed property rentals:                              
  Capitalized interest   477       417       993       1,008  
  Internal labor   100       108       195       218  
  Real estate taxes   16       256       40       507  
  Other costs   436       626       3,570       3,838  
  $ 1,439       1,981     $ 13,939       12,932  
(a)Includes $3,397 related to the Pipeline Transportation, Inc.

acquisition during the six month period ended March 31,2014.

 

Depreciation, depletion and                              
amortization:                              
 Transportation $ 2,294       1,827     $ 4,324       3,580  
 Mining royalty land   28       23       56       48  
 Developed property rentals   1,723       1,515       3,322       2,903  
 Other   123       102       241       207  
  $ 4,168       3,467     $ 7,943       6,738  

 

    March 31,     September 30,
Identifiable net assets   2014       2013  
  Transportation $ 60,985       49,410  
  Mining royalty land   39,214       40,008  
  Developed property rentals   195,393       195,476  
  Cash items   1,132       502  
  Unallocated corporate assets   3,181       1,697  
  $ 299,905       287,093  

(4) Long-Term debt. Long-term debt is summarized as follows (in thousands):

    March 31,   September 30,
    2014   2013
Revolving credit (uncollateralized)   $ 11,845       —    
5.6% to 8.6% mortgage notes                
  due in installments through 2027     47,784       49,904  
      59,629       49,904  
Less portion due within one year     4,456       4,311  
    $ 55,173       45,593