Alico, Inc. Annual report pursuant to section 13 and 15(d)

Annual report pursuant to section 13 and 15(d)

Selected Quarterly Financial Data (unaudited) (Tables)

Selected Quarterly Financial Data (unaudited) (Tables)

12 Months Ended

Sep. 30, 2012

Selected Quarterly Financial Data (unaudited) [Abstract]


(dollars in thousands)	Fiscal quarter ended
	December 31						March 31						June 30					September 30
	2011			2010			2012			2011(a)			2012(b)		2011			2012			2011
Total operating revenue	$	26,076		$	16,555		$	54,132		$	36,490		$	40,420	$	39,341		$	6,559		$	6,206
Total operating expenses		20,533			14,062			39,859			28,422			29,892		27,502			4,671			5,173

Gross profit		5,543			2,493			14,273			8,068			10,528		11,839			1,888			1,033
Corporate general and administrative		2,019			2,011			1,842			1,597			1,890		1,766			2,739			2,822
Other (expense) income		(360	)		(632	)		(502	)		(2,095	)		6,888		(331	)		(306	)		348

Income (loss) before income taxes		3,164			(150	)		11,929			4,376			15,526		9,742			(1,157	)		(1,441	)
Income tax expense (benefit)		1,231			(57	)		4,515			1,664			5,919		3,771			(692	)		52

Net (loss) income	$	1,933		$	(93	)	$	7,414		$	2,712			9,607		5,971		$	(465	)	$	(1,493	)

Basic and diluted earnings (loss) per share	$	0.26		$	(0.01	)	$	1.01		$	0.37			1.31		0.81		$	(0.06	)	$	(0.20	)

(a)

During the quarter ended March 31, 2011, the Company fully reserved $1,685,000 in allocated surplus that had been recorded based on patronage allocation with Farm Credit which is included in other (expense) income in the table above. See Note 4. Investments, Deposits and Other Assets.

(b)

During the fiscal year 2012, the Company recorded a gain on the sale of the Polk County, Florida properties totaling $9,113,000 and an impairment charge of $1,918,000. Impairment was recorded on assets held for sale on the consolidated balance sheet as of September 30, 2012, which were subsequently sold on October 3, 2012. See Note 7. Property, Buildings and Equipment, Net and Note 18. Subsequent Events.