Quarterly report pursuant to Section 13 or 15(d)

Assets Held for Sale

v3.10.0.1
Assets Held for Sale
3 Months Ended
Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Assets Held for Sale
Assets Held for Sale

In accordance with its strategy to dispose of non-core and under-performing assets, the following assets have been classified as assets held for sale as of December 31, 2018 and September 30, 2018:

(in thousands)
Carrying Value
 
December 31,
 
September 30,
 
2018
 
2018
Trailers
$
456

 
$
456

Frostproof Parcels

 
176

Parcels on East Ranch
759

 
759

     Total Assets Held For Sale
$
1,215

 
$
1,391



During the three months ended December 31, 2018, the Company sold certain parcels at Frostproof for approximately $188,000 and realized a gain of approximately $13,000.

On October 30, 2017, the Company sold its corporate office building in Fort Myers, Florida for $5,300,000 and realized a gain of approximately $1,800,000. The sales agreement provides that the Company will lease back a portion of the office space for five years.