Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Sep. 30, 2016
Current assets:    
Cash and cash equivalents $ 9,944 $ 6,625
Accounts receivable, net 11,844 4,740
Inventories 39,497 58,469
Income tax receivable 275 1,013
Assets held for sale 3,223 0
Prepaid expenses and other current assets 2,419 1,024
Total current assets 67,202 71,871
Property and equipment, net 376,010 379,247
Goodwill 2,246 2,246
Deferred financing costs, net of accumulated amortization 325 389
Other non-current assets 1,438 1,692
Total assets 447,221 455,445
Current liabilities:    
Accounts payable 1,502 5,975
Accrued liabilities 4,564 6,920
Long-term debt, current portion 4,525 4,493
Income taxes payable 1,539 0
Obligations under capital leases, current portion 8 288
Other current liabilities 947 1,002
Total current liabilities 13,085 18,678
Long-term debt:    
Principal amount 184,633 192,726
Less: deferred financing costs, net (1,819) (1,980)
Long-term debt less deferred financing costs, net 182,814 190,746
Lines of credit 0 5,000
Deferred tax liability 35,493 31,056
Deferred gain on sale 26,203 27,204
Deferred retirement obligations 4,179 4,198
Obligations under capital leases 9 300
Total liabilities 261,783 277,182
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 8,261,308 and 8,315,535 shares outstanding at June 30, 2017 and September 30, 2016, respectively 8,416 8,416
Additional paid in capital 18,489 18,155
Treasury stock, at cost, 154,837 and 100,610 shares held at June 30, 2017 and September 30, 2016, respectively (5,863) (4,585)
Retained earnings 159,587 151,504
Total Alico stockholders' equity 180,629 173,490
Noncontrolling interest 4,809 4,773
Total stockholders' equity 185,438 178,263
Total liabilities and stockholders' equity $ 447,221 $ 455,445