Quarterly report pursuant to Section 13 or 15(d)

CONDENSED COMBINED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONDENSED COMBINED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2016
Sep. 30, 2015
Current assets:    
Cash and cash equivalents $ 3,552 $ 5,474
Accounts receivable, net 24,766 3,137
Inventories 46,421 58,273
Income tax receivable 2,088 2,088
Prepaid expenses and other current assets 1,312 1,791
Total current assets 78,139 70,763
Property and equipment, net 379,100 381,099
Goodwill 2,246 2,246
Deferred financing costs, net of accumulated amortization 2,598 2,978
Other non-current assets 1,769 3,002
Total assets 463,852 460,088
Current liabilities:    
Accounts payable 6,810 4,407
Accrued liabilities 10,817 13,815
Long-term debt, current portion 4,511 4,511
Income taxes payable 4,027 0
Deferred tax liability, current portion 151 151
Obligations under capital leases, current portion 277 277
Other current liabilities 359 974
Total current liabilities 26,952 24,135
Long-term debt 195,589 200,970
Lines of credit 5,000 0
Deferred tax liability 25,581 25,628
Deferred gain on sale 28,432 29,122
Deferred retirement obligations 4,170 4,134
Obligations under capital leases 588 588
Total liabilities $ 286,312 $ 284,577
Commitments and Contingencies (Note 10)
Stockholders' equity:    
Preferred stock, no par value, 1,000,000 shares authorized; none issued $ 0 $ 0
Common stock, $1.00 par value, 15,000,000 shares authorized; 8,416,145 and 8,416,145 shares issued and 8,302,063 and 8,325,580 shares outstanding at March 31, 2016 and September 30, 2015, respectively 8,416 8,416
Additional paid in capital 18,257 19,795
Treasury stock, at cost, 114,082 and 90,565 shares held at March 31, 2016 and September 30, 2015, respectively (5,151) (3,962)
Retained earnings 151,229 146,455
Total Alico stockholders' equity 172,751 170,704
Noncontrolling interest 4,789 4,807
Total stockholders' equity 177,540 175,511
Total liabilities and stockholders' equity $ 463,852 $ 460,088