CASH 2017 Annual Report

139 CONDENSED STATEMENTS OF OPERATIONS Years Ended September 30, 2017 2016 2015 (Dollars in Thousands) Interest expense $ 4,959 $ 1,022 $ 418 Other expense 440 382 269 Total expense 5,399 1,404 687 Gain (loss) before income taxes and equity in undistributed net income of subsidiaries (5,399) (1,404) (687) Income tax (benefit) (1,935) (519) (324) Gain (loss) before equity in undistributed net income of subsidiaries (3,464) (885) (363) Equity in undistributed net income of subsidiaries 48,381 34,105 18,418 Net income $ 44,917 $ 33,220 $ 18,055