Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Sep. 30, 2017
Current assets:    
Cash and cash equivalents $ 948 $ 3,395
Accounts receivable, net 11,875 4,286
Inventories 33,180 36,204
Assets held for sale 18,295 20,983
Prepaid expenses and other current assets 1,985 1,621
Total current assets 66,283 66,489
Property and equipment, net 348,509 349,337
Goodwill 2,246 2,246
Deferred financing costs, net of accumulated amortization 200 262
Other non-current assets 724 848
Total assets 417,962 419,182
Current liabilities:    
Accounts payable 2,097 3,192
Accrued liabilities 4,551 6,781
Long-term debt, current portion 4,575 4,550
Other current liabilities 1,069 1,460
Total current liabilities 12,292 15,983
Long-term debt:    
Principal amount, net of current portion 180,783 181,926
Less: deferred financing costs, net (1,715) (1,767)
Long-term debt less current portion and deferred financing costs, net 179,068 180,159
Lines of credit 7,123 0
Deferred income tax liabilities 14,691 27,108
Deferred gain on sale 26,643 26,440
Deferred retirement obligations 4,109 4,123
Total liabilities 243,926 253,813
Commitments and Contingencies (Note 11)
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 and 8,416,145 shares issued and 8,249,357 and 8,238,830 shares outstanding at December 31, 2017 and September 30, 2017, respectively 8,416 8,416
Additional paid in capital 18,890 18,694
Treasury stock, at cost, 166,788 and 177,315 shares held at December 31, 2017 and September 30, 2017, respectively (6,275) (6,502)
Retained earnings 148,285 140,033
Total Alico stockholders' equity 169,316 160,641
Noncontrolling interest 4,720 4,728
Total stockholders' equity 174,036 165,369
Total liabilities and stockholders' equity $ 417,962 $ 419,182