Alico, Inc. Quarterly report pursuant to sections 13 or 15(d)

Quarterly report pursuant to sections 13 or 15(d)

Property, Buildings and Equipment, Net

Property, Buildings and Equipment, Net

6 Months Ended

Mar. 31, 2012

Property, Buildings and Equipment, Net [Abstract]

Property, Buildings and Equipment, Net

Note 4. Property, Buildings and Equipment, Net

Property, buildings and equipment consist of the following at March 31, 2012 and September 30, 2011.

	March 31,		September 30,
	2012		2011
Breeding herd	$	10,613	$	10,799
Buildings		10,956		10,925
Citrus trees		36,294		35,939
Sugarcane		12,375		10,462
Equipment and other facilities		41,798		40,708
Total depreciable properties		112,036		108,833

Less accumulated depreciation and depletion		66,968		65,104

Net depreciable properties		45,068		43,729

Land and land improvements		86,499		85,051

Net property, buildings and equipment	$	131,567	$	128,780

Assets held for sale totaled $640 thousand as of March 31, 2012. On April 23, 2012, we announced the sale of the two parcels of land included in assets held for sale. See Note 12. Subsequent Events for further discussion.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details