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 9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating revenues:        
Total operating revenues $ 26,517 $ 51,518 $ 79,650 $ 125,163
Operating expenses:        
Total operating expenses 14,603 36,510 59,321 92,886
Gross profit 11,914 15,008 20,329 32,277
General and administrative expenses 2,955 3,709 9,914 10,896
Income from operations 8,959 11,299 10,415 21,381
Other (expense) income:        
Interest expense (2,188) (2,223) (6,682) (6,924)
Gain on sale of real estate, property and equipment and assets held for sale 7,248 157 9,083 1,989
Other income (expense), net 14 (96) 158 (120)
Total other (expense) income, net 5,074 (2,162) 2,559 (5,055)
Income before income taxes 14,033 9,137 12,974 16,326
Provision for income taxes 4,941 3,665 674 6,713
Net income 9,092 5,472 12,300 9,613
Net income (loss) attributable to noncontrolling interests 8 7 32 (36)
Net income attributable to Alico, Inc. common stockholders $ 9,100 $ 5,479 $ 12,332 $ 9,577
Earnings per common share:        
Basic (in dollars per share) $ 1.11 $ 0.66 $ 1.50 $ 1.15
Diluted (in dollars per share) $ 1.09 $ 0.66 $ 1.48 $ 1.15
Weighted-average number of common shares outstanding:        
Basic (in shares) 8,228 8,293 8,243 8,315
Diluted (in shares) 8,324 8,364 8,314 8,340
Cash dividends declared per common share (in dollars per share) $ 0.06 $ 0.06 $ 0.18 $ 0.18
Alico Citrus        
Operating revenues:        
Total operating revenues $ 25,711 $ 49,993 $ 77,499 $ 122,537
Operating expenses:        
Total operating expenses 13,697 35,059 56,102 90,067
Gross profit 12,014 14,934 21,397 32,470
Conservation and Environmental Resources        
Operating revenues:        
Total operating revenues 544 1,151 1,400 1,789
Operating expenses:        
Total operating expenses 864 1,451 3,054 2,726
Gross profit (320) (300) (1,654) (937)
Other Operations        
Operating revenues:        
Total operating revenues 262 374 751 837
Operating expenses:        
Total operating expenses 42 0 165 93
Gross profit $ 220 $ 374 $ 586 $ 744