| Segment Information |
Segment Information
Segments
Total revenues represent sales to unaffiliated customers, as reported in the Condensed Consolidated Statements of Operations. Goods and services produced by these segments are sold to wholesalers and processors in the United States who prepare the products for consumption. The Company evaluates the segments’ performance based on direct margins (gross profit) from operations before general and administrative expenses, interest expense, other income (expense) and income taxes, not including nonrecurring gains and losses.
Information by operating segment is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
Three Months Ended June 30, |
|
Nine Months Ended June 30, |
|
2018 |
|
2017 |
|
2018 |
|
2017 |
Revenues: |
|
|
|
|
|
|
|
Alico Citrus |
$ |
25,711 |
|
|
$ |
49,993 |
|
|
$ |
77,499 |
|
|
$ |
122,537 |
|
Conservation and Environmental Resources |
544 |
|
|
1,151 |
|
|
1,400 |
|
|
1,789 |
|
Other Operations |
262 |
|
|
374 |
|
|
751 |
|
|
837 |
|
Total revenues |
26,517 |
|
|
51,518 |
|
|
79,650 |
|
|
125,163 |
|
|
|
|
|
|
|
|
|
Operating expenses: |
|
|
|
|
|
|
|
Alico Citrus |
13,697 |
|
|
35,059 |
|
|
56,102 |
|
|
90,067 |
|
Conservation and Environmental Resources |
864 |
|
|
1,451 |
|
|
3,054 |
|
|
2,726 |
|
Other Operations |
42 |
|
|
— |
|
|
165 |
|
|
93 |
|
Total operating expenses |
14,603 |
|
|
36,510 |
|
|
59,321 |
|
|
92,886 |
|
|
|
|
|
|
|
|
|
Gross profit (loss): |
|
|
|
|
|
|
|
Alico Citrus |
12,014 |
|
|
14,934 |
|
|
21,397 |
|
|
32,470 |
|
Conservation and Environmental Resources |
(320 |
) |
|
(300 |
) |
|
(1,654 |
) |
|
(937 |
) |
Other Operations |
220 |
|
|
374 |
|
|
586 |
|
|
744 |
|
Total gross profit |
$ |
11,914 |
|
|
$ |
15,008 |
|
|
$ |
20,329 |
|
|
$ |
32,277 |
|
|
|
|
|
|
|
|
|
Depreciation, depletion and amortization: |
|
|
|
|
|
|
|
Alico Citrus |
$ |
3,342 |
|
|
$ |
3,508 |
|
|
$ |
10,106 |
|
|
$ |
10,529 |
|
Conservation and Environmental Resources |
29 |
|
|
150 |
|
|
119 |
|
|
469 |
|
Other Operations |
15 |
|
|
3 |
|
|
42 |
|
|
66 |
|
Other Depreciation, Depletion and Amortization |
19 |
|
|
72 |
|
|
60 |
|
|
465 |
|
Total depreciation, depletion and amortization |
$ |
3,405 |
|
|
$ |
3,733 |
|
|
$ |
10,327 |
|
|
$ |
11,529 |
|
|
|
|
|
|
|
|
|
|
(in thousands) |
June 30, |
|
September 30, |
|
2018 |
|
2017 |
Assets: |
|
|
|
Alico Citrus |
$ |
400,596 |
|
|
$ |
387,972 |
|
Conservation and Environmental Resources |
5,299 |
|
|
13,845 |
|
Other Operations |
10,695 |
|
|
10,974 |
|
Other Corporate Assets |
2,026 |
|
|
6,391 |
|
Total Assets |
$ |
418,616 |
|
|
$ |
419,182 |
|
|