Quarterly report pursuant to Section 13 or 15(d)

Description of Business and Basis of Presentation (Tables)

v3.19.3.a.u2
Description of Business and Basis of Presentation (Tables)
3 Months Ended
Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of disaggregation of revenue
Revenues disaggregated by significant products and services for the three months ended December 31, 2019 and 2018 are as follows:

(in thousands)
 
 
 
 
Three Months Ended December 31,
 
2019
 
2018
Alico Citrus
 
 
 
Early and Mid-Season
$
9,066

 
$
11,645

Fresh Fruit
735

 
1,906

Other
374

 
346

Total
$
10,175

 
$
13,897

 
 
 
 
Water Resources and Other Operations
 
 
 
Land and other leasing
$
663

 
$
734

Other
167

 
148

Total
$
830

 
$
882

 
 
 
 
Total Revenues
$
11,005

 
$
14,779


Condensed balance sheet
Our operating leases are reported in our Condensed Consolidated Balance Sheet as follows:
(in thousands)
 
 
 
 
 
 
 
 
 
Operating lease components
 
Classification
 
December 31, 2019
Right-of-use assets
 
Other non-current assets
 
$
376

Current lease liabilities
 
Other current liabilities
 
$
175

Non-current lease liabilities
 
Other liabilities
 
$
290


Components of lease cost
Cash flow information related to leases consists of the following:
 
 
(in thousands)
 
 
Three Months Ended
 
 
 
December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
 
 
 
Operating cash flows from operating leases
 
 
$
50

 
 
 
 
Right-of-use assets obtained in exchange for lease obligations:
 
 
 
Operating leases
 
 
$
511


Our operating leases cost components are reported in our Condensed Consolidated Statement of Operations as follows:
(in thousands)
 
 
 
 
 
 
 
 
Three Months Ended
Operating lease components
 
Classification
 
December 31, 2019
Operating lease costs
 
General and administration expenses
 
$
52

Operating lease right-of-use asset impairment
 
Other expenses
 
$
87



The weighted-average remaining lease term and weighted-average discount rate for our operating leases are as follows:
 
December 31, 2019
Weighted-average remaining lease term
2.83

 
years
Weighted-average discount rate
3.89
%
 
 

Maturities of our operating lease obligations
Future maturities of our operating lease obligations as of December 31, 2019 by fiscal year are as follows:
(in thousands)
 
 
 
 
 
 
 
2020
 
 
$
189

2021
 
 
186

2022
 
 
117

2023
 
 

2024
 
 

2025 and thereafter
 
 

Total noncancelable future lease obligations
 
 
$
492

Less: Interest
 
 
(27
)
Present value of lease obligations
 
 
$
465