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

Description of Business and Basis of Presentation (Tables)

6 Months Ended

Mar. 31, 2020

Revenues disaggregated by significant products and services for the three and six months ended March 31, 2020 and 2019 are as follows:



(in thousands)
	Three Months Ended March 31,				Six Months Ended March 31,
	2020		2019		2020		2019
Alico Citrus
Early and Mid-Season	$	22,237	$	27,929	$	31,303	$	39,574
Valencias	25,810		18,746		25,810		18,746
Fresh Fruit	802		671		1,537		2,577
Other	952		477		1,326		823
Total	$	49,801	$	47,823	$	59,976	$	61,720

Water Resources and Other Operations
Land and other leasing	$	679	$	658	$	1,342	$	1,392
Other	35		40		202		188
Total	$	714	$	698	$	1,544	$	1,580

Total Revenues	$	50,515	$	48,521	$	61,520	$	63,300

Our operating leases are reported in our Condensed Consolidated Balance Sheet as follows:



(in thousands)

Operating lease components	Classification	March 31, 2020
Right-of-use assets	Other non-current assets	$	329
Current lease liabilities	Other current liabilities	$	167
Non-current lease liabilities	Other liabilities	$	252

The weighted-average remaining lease term and weighted-average discount rate for our operating leases are as follows:



	March 31, 2020
Weighted-average remaining lease term	2.58	years
Weighted-average discount rate	3.89	%



Cash flow information related to leases consists of the following:
(in thousands)	Six Months Ended
	March 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	101

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		Six Months Ended
Operating lease components	Classification	March 31, 2020		March 31, 2020
Operating lease costs	General and administrative expenses	$	52	$	104
Operating lease right-of-use asset impairment	Other expense	$	—	$	87

Future maturities of our operating lease obligations as of March 31, 2020 by fiscal year are as follows:



(in thousands)

2020	$	82
2021	169
2022	175
2023	15
Total noncancelable future lease obligations	$	441
Less: Interest	(22		)
Present value of lease obligations	$	419