Alico, Inc. Annual report pursuant to Section 13 and 15(d)

Description of Business and Basis of Presentation (Tables)

12 Months Ended

Sep. 30, 2020

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

(in thousands)
		September 30,
Operating lease components	Classification	2020
Right-of-use assets	Other non-current assets	$	774
Current lease liabilities	Other current liabilities	$	512
Non-current lease liabilities	Other liabilities	$	356

Our operating leases cost components are reported in our Consolidated Statements of Operations as follows:

(in thousands)
		September 30,
Operating lease components	Classification	2020
Operating lease costs	General and administrative expenses	$	246
Operating lease right-of-use asset impairment	Other expense	$	87

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

September 30,

2020

Weighted-average remaining lease term

1.61 years

Weighted-average discount rate

3.1

Cash flow information related to leases consists of the following:

(in thousands)
	September 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	247

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	1,095

Future maturities of our operating lease obligations as of September 30, 2020 by fiscal year are as follows:

(in thousands)
2021	$	519
2022		324
2023		48
Total noncancelable future lease obligations	$	891
Less: Interest		(24	)
Present value of lease obligations	$	867