Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment, Net

v3.25.0.1
Property and Equipment, Net
3 Months Ended
Dec. 31, 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 December 31, 2024 and September 30, 2024:
(in thousands) December 31,
2024
September 30,
2024
Citrus trees $ 319,435  $ 319,149 
Equipment and other facilities 58,298  58,293 
Buildings and improvements 6,080  6,515 
Total depreciable properties 383,813  383,957 
Less: accumulated depreciation and depletion (148,171) (146,086)
Net depreciable properties 235,642  237,871 
Land and land improvements 115,265  114,862 
Property and equipment, net $ 350,907  $ 352,733 
During the three months ended December 31, 2024 and 2023, the Company recorded a loss on the disposal of long lived assets of $780 and $225, respectively, which has been recognized within Operating expenses.