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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Rental revenue $ 6,082 $ 5,784 $ 18,198 $ 17,531
Royalty and rents 2,033 1,714 5,427 4,349
Revenue - reimbursements 1,128 999 4,056 3,867
Total revenues 9,243 8,497 27,681 25,747
Cost of operations:        
Depreciation, depletion and amortization 2,066 1,805 5,891 5,566
Operating expenses 974 818 3,478 3,487
Environmental remediation expense (recovery) 2,000 0 (1,000) 0
Property taxes 1,128 994 3,388 3,323
Management company indirect 425 434 1,425 1,228
Corporate expenses (Note 4 Related Party) 684 557 2,424 3,750
Total cost of operations 7,277 4,608 15,606 17,354
Total operating profit 1,966 3,889 12,075 8,393
Interest income 0 0 2 0
Interest expense (392) (459) (1,288) (1,524)
Equity in loss of joint ventures (186) (75) (326) (255)
Gain (loss) on investment land sold (109) 0 6,177 (20)
Income from continuing operations before income taxes 1,279 3,355 16,640 6,594
Provision for income taxes 505 1,309 6,573 2,572
Income from continuing operations 774 2,046 10,067 4,022
Gain from discontinued transportation operations, net of taxes 0 0 0 2,179
Net income 774 2,046 10,067 6,201
Comprehensive net income $ 774 $ 2,046 $ 10,067 $ 6,201
Basic earnings per common share        
Income from continuing operations $ .08 $ .21 $ 1.02 $ .41
Discontinued operations 0.00 0.00 0.00 0.23
Net income .08 .21 1.02 0.64
Diluted earnings per common share        
Income from continuing operations .08 .21 1.02 .41
Discontinued operations 0.00 0.00 0.00 0.22
Net income $ .08 $ .21 $ 1.02 $ 0.63
Number of shares (in thousands) used in computing:        
-basic earnings per common share 9,864 9,777 9,839 9,745
-diluted earnings per common share 9,907 9,839 9,884 9,822