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
Mar. 31, 2017
Sep. 30, 2016
Current assets:    
Cash and cash equivalents $ 1,041 $ 6,625
Accounts receivable, net 22,648 4,740
Inventories 53,069 58,469
Income tax receivable 1,013 1,013
Assets held for sale 3,137 0
Prepaid expenses and other current assets 2,629 1,024
Total current assets 83,537 71,871
Property and equipment, net 372,512 379,247
Goodwill 2,246 2,246
Deferred financing costs, net of accumulated amortization 264 389
Other non-current assets 1,400 1,692
Total assets 459,959 455,445
Current liabilities:    
Accounts payable 5,919 5,975
Accrued liabilities 4,238 6,920
Long-term debt, current portion 4,500 4,493
Obligations under capital leases, current portion 288 288
Other current liabilities 339 1,002
Total current liabilities 15,284 18,678
Long-term debt:    
Principal amount 187,338 192,726
Less: deferred financing costs, net (1,872) (1,980)
Long-term debt less deferred financing costs, net 185,466 190,746
Lines of credit 11,417 5,000
Deferred tax liability 34,119 31,056
Deferred gain on sale 27,587 27,204
Deferred retirement obligations 4,185 4,198
Obligations under capital leases 300 300
Total liabilities 278,358 277,182
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 8,306,319 and 8,315,535 shares outstanding at March 31, 2017 and September 30, 2016, respectively 8,416 8,416
Additional paid in capital 18,351 18,155
Treasury stock, at cost, 109,826 and 100,610 shares held at March 31, 2017 and September 30, 2016, respectively (4,586) (4,585)
Retained earnings 154,604 151,504
Total Alico stockholders' equity 176,785 173,490
Noncontrolling interest 4,816 4,773
Total stockholders' equity 181,601 178,263
Total liabilities and stockholders' equity $ 459,959 $ 455,445