Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Operating revenues:        
Total operating revenues $ 56,200 $ 71,889 $ 73,645 $ 92,493
Operating expenses:        
Total operating expenses 41,684 52,374 56,376 71,612
Gross profit 14,516 19,515 17,269 20,881
General and administrative expenses 3,399 2,849 7,187 6,774
Income from operations 11,117 16,666 10,082 14,107
Other (expense) income:        
Investment and interest income, net 47 0 47 0
Interest expense (2,374) (2,475) (4,701) (4,978)
Gain on sale of real estate 1,396 760 1,832 902
Other income (expense), net 19 (125) (71) (300)
Total other expense, net (912) (1,840) (2,893) (4,376)
Income before income taxes 10,205 14,826 7,189 9,731
Provision for income taxes 4,321 6,102 3,048 4,027
Net income attributable to Alico, Inc. common stockholders 5,884 8,724 4,141 5,704
Net (income) loss attributable to noncontrolling interests (51) 10 (43) 18
Net income attributable to Alico, Inc. common stockholders $ 5,833 $ 8,734 $ 4,098 $ 5,722
Earnings per common share:        
Basic (in dollars per share) $ 0.70 $ 1.05 $ 0.49 $ 0.69
Diluted (in dollars per share) $ 0.70 $ 1.05 $ 0.49 $ 0.69
Weighted-average number of common shares outstanding:        
Basic (in shares) 8,327 8,286 8,326 8,294
Diluted (in shares) 8,327 8,303 8,326 8,309
Cash dividends declared per common share (in dollars per share) $ 0.06 $ 0.06 $ 0.12 $ 0.12
Alico Citrus        
Operating revenues:        
Total operating revenues $ 55,667 $ 70,982 $ 72,544 $ 90,277
Operating expenses:        
Total operating expenses 40,923 51,716 55,008 69,324
Conservation and Environmental Resources        
Operating revenues:        
Total operating revenues 487 644 788 1,651
Operating expenses:        
Total operating expenses 761 581 1,275 2,141
Other Operations        
Operating revenues:        
Total operating revenues 46 263 313 565
Operating expenses:        
Total operating expenses $ 0 $ 77 $ 93 $ 147