Quarterly report pursuant to Section 13 or 15(d)

CONDENSED COMBINED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED)

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CONDENSED COMBINED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Operating revenues:        
Total operating revenues $ 71,889 $ 60,012 $ 92,493 $ 79,082
Operating expenses:        
Total operating expenses 52,374 48,336 71,612 64,134
Gross profit 19,515 11,676 20,881 14,948
General and administrative expenses 2,849 3,499 6,774 8,982
Income from operations 16,666 8,177 14,107 5,966
Other (expense) income:        
Investment and interest income, net 0 0 0 2
Interest expense (2,475) (2,257) (4,978) (3,636)
Gain (loss) on sale of real estate 760 (27) 902 13,471
Loss on extinguishment of debt 0 (17) 0 (964)
Impairment of asset held for sale 0 (541) 0 (541)
Other (expense) income, net (125) 18 (300) 25
Total other (expense) income, net (1,840) (2,824) (4,376) 8,357
Income before income taxes 14,826 5,353 9,731 14,323
Provision for income taxes 6,102 1,127 4,027 4,890
Net income 8,724 4,226 5,704 9,433
Net loss attributable to noncontrolling interests 10 0 18 0
Net income attributable to Alico, Inc. common stockholders 8,734 4,226 5,722 9,433
Comprehensive income attributable to noncontrolling interests 0 0 0 0
Comprehensive income attributable to Alico, Inc. common stockholders $ 8,734 $ 4,226 $ 5,722 $ 9,433
Earnings per common share:        
Basic (in dollars per share) $ 1.05 $ 0.51 $ 0.69 $ 1.21
Diluted (in dollars per share) $ 1.05 $ 0.51 $ 0.69 $ 1.21
Weighted-average number of common shares outstanding:        
Basic (in shares) 8,286 8,272 8,294 7,815
Diluted (in shares) 8,303 8,272 8,309 7,815
Cash dividends declared per common share (in dollars per share) $ 0.06 $ 0.06 $ 0.12 $ 0.12
Operating Segments        
Operating revenues:        
Total operating revenues $ 71,889 $ 60,012 $ 92,493 $ 79,082
Operating expenses:        
Total operating expenses 52,374 48,336 71,612 64,134
Gross profit 19,515 11,676 20,881 14,948
Operating Segments | Orange Co.        
Operating revenues:        
Total operating revenues 70,982 58,557 90,277 75,550
Operating expenses:        
Total operating expenses 51,716 46,383 69,324 60,597
Gross profit 19,266 12,174 20,953 14,953
Operating Segments | Conservation and Environmental Resources        
Operating revenues:        
Total operating revenues 644 309 1,651 1,145
Operating expenses:        
Total operating expenses 581 623 2,141 1,368
Gross profit 63 (314) (490) (223)
Operating Segments | Other Operations        
Operating revenues:        
Total operating revenues 263 1,146 565 2,387
Operating expenses:        
Total operating expenses 77 1,330 147 2,169
Gross profit $ 186 $ (184) $ 418 $ 218