Alico, Inc. Quarterly report pursuant to Section 13 or 15(d)

Description of Business and Basis of Presentation (Tables)

3 Months Ended

Dec. 31, 2019

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

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



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	%

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