Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.24.2.u1
Property and Equipment, Net
 9 Months Ended
Jun. 30, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net
Note 5. Property and Equipment, Net
Property and equipment, net consists of the following at June 30, 2024 and September 30, 2023:
(in thousands) June 30,
2024		 September 30,
2023
Citrus trees $ 319,426  $ 328,421 
Equipment and other facilities 57,885  57,779 
Buildings and improvements 6,515  7,081 
Total depreciable properties 383,826  393,281 
Less: accumulated depreciation and depletion (142,969) (144,150)
Net depreciable properties 240,857  249,131 
Land and land improvements 114,398  112,718 
Property and equipment, net $ 355,255  $ 361,849 
During the nine months ended June 30, 2024 and 2023, the Company recorded a loss on the disposal of long lived assets of $6,213 and $5,535, respectively, which has been recognized within Operating expenses.