Quarterly report pursuant to Section 13 or 15(d)

Orange-Co Acquisition (Tables)

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Orange-Co Acquisition (Tables)
 3 Months Ended
Dec. 31, 2014
Orange-Co Acquisition [Abstract]  
Schedule of Assets Acquired
(in thousands) Amount
   
Assets
Accounts receivable $ 888   
Other current assets    849   
Inventories    30,000   
Property, Buildings and Equipment:     
Equipment and other facilities    5,237   
Land    71,327   
Citrus trees    172,671   
Other assets    1,060   
       
Total assets, net of cash acquired  $ 282,032 
       
Liabilities       
Accounts payable and accrued liabilities  $ 4,200   
Term loan 500 
Payable to seller    7,500   
       
Total liabilities assumed  $ 12,200 
       
Assets acquired less liabilities assumed  $ 269,832 
 
Less: fair value attributable to noncontrolling interest  (4,769)
 
Total purchase consideration  $ 265,063 
Cash proceeds from sugarcane disposition $ 97,126   
Working capital line of credit   27,775   
Term loans   140,162   
   
Total purchase consideration  $ 265,063 
Schedule of Pro-Forma Information
December 31,  December 31,
(in thousands except per share amount) 2014 2013
Revenues    $ 16,687     $ 23,530  
Income from operations    $ (2,302 )   $ 568  
Net income (loss) attributable to common shareholder    $ 5,332     $ (467 )
Basic earnings per common share    $ 0.72     $ (0.06 )
Diluted earnings per common share    $ 0.72     $ (0.06 )