Quarterly report pursuant to Section 13 or 15(d)

Acquisition and Dispositions (Tables)

v3.4.0.3
Acquisition and Dispositions (Tables)
6 Months Ended
Mar. 31, 2016
Orange-Co  
Business Acquisition [Line Items]  
Schedule of assets acquired and liabilities assumed
The following table summarizes the final allocation of the acquisition cost to the assets acquired and liabilities assumed at the date of acquisition, based on their estimated fair values:
    
Asset acquisition
 
(in thousands)
 
 
Amount
Assets:
 
Accounts receivable
$
888

Other current assets
845

Inventories
35,562

Property and equipment

Citrus Trees
164,123

Land
63,395

Equipment and other facilities
13,431

Goodwill
2,246

Other assets
2,140

Total assets, net of cash acquired
$
282,630

 
 
Liabilities:
 
Accounts payable and accrued liabilities
$
4,205

Debt
500

Contingent consideration
7,500

Total liabilities assumed
$
12,205

 
 
Assets acquired less liabilities assumed
$
270,425

 
 
Less: fair value attributable to noncontrolling interest
(4,838
)
 
 
Total purchase consideration
$
265,587

 
 
Cash proceeds from sugarcane disposition
$
97,126

Working capital line of credit
27,857

Term loans
140,604

 
 
Total purchase consideration
$
265,587