Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Dec. 31, 2016
Sep. 30, 2016
Current assets:    
Cash and cash equivalents $ 1,126 $ 6,625
Accounts receivable, net 11,917 4,740
Inventories 62,522 58,469
Income tax receivable 1,013 1,013
Prepaid expenses and other current assets 3,374 1,024
Total current assets 79,952 71,871
Property and equipment, net 376,806 379,247
Goodwill 2,246 2,246
Deferred financing costs, net of accumulated amortization 326 389
Other non-current assets 1,423 1,692
Total assets 460,753 455,445
Current liabilities:    
Accounts payable 3,731 5,975
Accrued liabilities 3,020 6,422
Dividend payable 499 498
Long-term debt, current portion 4,475 4,493
Obligations under capital leases, current portion 288 288
Other current liabilities 681 1,002
Total current liabilities 12,694 18,678
Long-term debt:    
Principal amount 190,045 192,726
Less: deferred financing costs, net (1,927) (1,980)
Long-term debt less deferred financing costs, net 188,118 190,746
Lines of credit 21,945 5,000
Deferred tax liability 29,784 31,056
Deferred gain on sale 27,258 27,204
Deferred retirement obligations 4,192 4,198
Obligations under capital leases 300 300
Total liabilities 284,291 277,182
Commitments and Contingencies (Note 8)
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 shares issued and 8,324,727 and 8,315,535 shares outstanding at December 31, 2016 and September 30, 2016, respectively 8,416 8,416
Additional paid in capital 18,210 18,155
Treasury stock, at cost, 91,398 and 100,610 shares held at December 31, 2016 and September 30, 2016, respectively (4,199) (4,585)
Retained earnings 149,270 151,504
Total Alico stockholders' equity 171,697 173,490
Noncontrolling interest 4,765 4,773
Total stockholders' equity 176,462 178,263
Total liabilities and stockholders' equity $ 460,753 $ 455,445