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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified |
Dec. 31, 2014
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Sep. 30, 2014
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|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 1,788us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 30,779us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Investments | 264us-gaap_ShortTermInvestments | 263us-gaap_ShortTermInvestments |
| Accounts receivable, net | 9,345us-gaap_AccountsReceivableNetCurrent | 3,847us-gaap_AccountsReceivableNetCurrent |
| Inventories | 49,971us-gaap_InventoryNet | 19,929us-gaap_InventoryNet |
| Assets held for sale | 2,050us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent | 56,681us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent |
| Other current assets | 2,727us-gaap_OtherAssetsCurrent | 573us-gaap_OtherAssetsCurrent |
| Total current assets | 66,145us-gaap_AssetsCurrent | 112,072us-gaap_AssetsCurrent |
| Investment in Magnolia Fund | 1,085us-gaap_EquityMethodInvestments | 1,435us-gaap_EquityMethodInvestments |
| Investments, deposits and other non-current assets | 5,931us-gaap_OtherAssetsNoncurrent | 1,933us-gaap_OtherAssetsNoncurrent |
| Cash surrender value of life insurance | 691us-gaap_CashSurrenderValueOfLifeInsurance | 695us-gaap_CashSurrenderValueOfLifeInsurance |
| Property, buildings and equipment, net | 337,597us-gaap_PropertyPlantAndEquipmentNet | 87,432us-gaap_PropertyPlantAndEquipmentNet |
| Total assets | 411,449us-gaap_Assets | 203,567us-gaap_Assets |
| Current liabilities: | ||
| Accounts payable | 3,344us-gaap_AccountsPayableCurrent | 1,729us-gaap_AccountsPayableCurrent |
| Long-term debt, current portion | 9,125us-gaap_LongTermDebtCurrent | 2,000us-gaap_LongTermDebtCurrent |
| Accrued expenses | 5,094us-gaap_AccruedLiabilitiesCurrent | 1,618us-gaap_AccruedLiabilitiesCurrent |
| Income taxes payable | 3,734us-gaap_AccruedIncomeTaxesCurrent | 4,572us-gaap_AccruedIncomeTaxesCurrent |
| Dividend payable | 442us-gaap_DividendsPayableCurrent | 442us-gaap_DividendsPayableCurrent |
| Accrued ad valorem taxes | 154us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent | 1,850us-gaap_AccrualForTaxesOtherThanIncomeTaxesCurrent |
| Capital lease obligation | 258us-gaap_CapitalLeaseObligationsCurrent | |
| Other current liabilities | 1,994us-gaap_OtherLiabilitiesCurrent | 3,485us-gaap_OtherLiabilitiesCurrent |
| Total current liabilities | 24,145us-gaap_LiabilitiesCurrent | 15,696us-gaap_LiabilitiesCurrent |
| Long-term debt, net of current portion | 173,875us-gaap_LongTermDebtNoncurrent | 32,000us-gaap_LongTermDebtNoncurrent |
| Line of credit | 14,275us-gaap_LongTermLineOfCredit | |
| Other liability, noncurrent | 3,750us-gaap_OtherLiabilitiesNoncurrent | |
| Deferred gain on sale | 29,140us-gaap_DeferredGainOnSaleOfProperty | |
| Capital lease obligation, noncurrent | 839us-gaap_CapitalLeaseObligationsNoncurrent | 839us-gaap_CapitalLeaseObligationsNoncurrent |
| Deferred income taxes, net of current portion | 5,810us-gaap_DeferredTaxLiabilitiesNoncurrent | 5,739us-gaap_DeferredTaxLiabilitiesNoncurrent |
| Deferred retirement benefits, net of current portion | 3,871us-gaap_OtherPostretirementBenefitsPayableNoncurrent | 3,856us-gaap_OtherPostretirementBenefitsPayableNoncurrent |
| Total liabilities | 255,705us-gaap_Liabilities | 58,130us-gaap_Liabilities |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Preferred stock, no par value. Authorized 1,000,000 shares; issued and outstanding, none | ||
| Common stock, $1 par value; 15,000,000 shares authorized; 7,377,106 shares issued and 7,366,738 and 7,361,340 shares outstanding at December 31, 2014 and September 30, 2014, respectively | 7,377us-gaap_CommonStockValue | 7,377us-gaap_CommonStockValue |
| Additional paid in capital | 3,724us-gaap_AdditionalPaidInCapitalCommonStock | 3,742us-gaap_AdditionalPaidInCapitalCommonStock |
| Treasury stock at cost 10,368 and 15,766 shares held at December 31, 2014 and September 30, 2014, respectively | (427)us-gaap_TreasuryStockValue | (650)us-gaap_TreasuryStockValue |
| Retained earnings | 140,301us-gaap_RetainedEarningsAccumulatedDeficit | 134,968us-gaap_RetainedEarningsAccumulatedDeficit |
| Total Alico stockholders' equity | 150,975us-gaap_StockholdersEquity | 145,437us-gaap_StockholdersEquity |
| Noncontrolling interest | 4,769us-gaap_MinorityInterest | |
| Total liabilities and stockholders' equity | $ 411,449us-gaap_LiabilitiesAndStockholdersEquity | $ 203,567us-gaap_LiabilitiesAndStockholdersEquity |
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred and payable for real and property taxes. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount classified as assets attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of capital lease obligation due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount equal to the present value (the principal) at the beginning of the lease term of minimum lease payments during the lease term (excluding that portion of the payments representing executory costs such as insurance, maintenance, and taxes to be paid by the lessor, together with any profit thereon) net of payments or other amounts applied to the principal, through the balance sheet date and due to be paid more than one year (or one operating cycle, if longer) after the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date of amounts which could be received based on the terms of the insurance contract upon surrendering life policies owned by the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain on the sale of property that does not qualify for gain recognition as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences, net of deferred tax asset attributable to deductible temporary differences and carryforwards net of valuation allowances expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of long-term debt, after unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount of current liabilities (due within one year or within the normal operating cycle if longer) not separately disclosed in the balance sheet. Includes costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total amount of the entity's noncurrent obligation as of the balance sheet date under any other retirement plan(s), such as one or more defined contribution plans. No definition available.
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- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Investments which are intended to be sold in the short term (usually less than one year or the normal operating cycle, whichever is longer) including trading securities, available-for-sale securities, held-to-maturity securities, and other short-term investments not otherwise listed in the existing taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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