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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2013
Revenues:      
Rental revenue $ 23,410 $ 21,327 $ 19,060
Royalty and rents 5,999 5,256 5,209
Revenue - reimbursements 5,237 4,395 3,385
Total revenues 34,646 30,978 27,654
Cost of operations:      
Depreciation, depletion and amortization 7,378 6,705 5,860
Operating expenses 4,609 4,391 3,536
Property taxes 4,443 3,494 2,518
Management company indirect 1,647 1,424 1,574
Corporate expenses (Note 4 Related Party) 4,388 5,224 4,851
Total cost of operations 22,465 21,238 18,339
Total operating profit 12,181 9,740 9,315
Interest income 0 23 38
Interest expense (2,014) (1,366) (2,501)
Equity in loss of joint ventures (145) (128) (63)
Gain (loss) on investment land sold (34) 476 7,333
Income from continuing operations before income taxes 9,988 8,745 14,122
Provision for income taxes 3,895 3,561 5,508
Income from continuing operations 6,093 5,184 8,614
Gain from discontinued transportation operations, net of taxes 2,179 4,835 6,771
Net income $ 8,272 $ 10,019 $ 15,385
Basic earnings per common share      
Income from continuing operations $ .62 $ .54 $ .90
Discontinued operations .23 .50 .72
Net income .85 1.04 1.62
Diluted earnings per common share      
Income from continuing operations .62 .53 .90
Discontinued operations .22 .50 .70
Net income $ .84 $ 1.03 $ 1.60
Number of shares (in thousands) used in computing:      
-basic earnings per common share 9,756 9,629 9,523
-diluted earnings per common share 9,827 9,710 9,605