Annual report pursuant to Section 13 and 15(d)

Acquisitions and Dispositions (Tables)

v3.5.0.2
Acquisitions and Dispositions (Tables)
12 Months Ended
Sep. 30, 2016
Business Acquisition [Line Items]  
Schedule of unaudited Pro Forma Information
The unaudited pro-forma information below for the fiscal years ended September 30, 2015 and 2014 gives effect to this acquisition as if the acquisitions had occurred on October 1, 2013. The pro-forma financial information is not necessarily indicative of the results of operations if the acquisition had been effective as of this date.

(in thousands except per share amounts)
 Fiscal Year Ended September 30,
 
2015
 
2014
 
(unaudited)
 
 
 
 
Revenues
$
153,654

 
$
175,420

Income from operations
$
19,489

 
$
35,450

Net income attributable to Alico Inc. common stockholders
$
12,723

 
$
22,906

Basic earnings per common share
$
1.58

 
$
3.12

Diluted earnings per common share
$
1.58

 
$
3.12

Scedule of Contractual Obligation, Fiscal Year Maturity
Estimated payments over the remaining term of the post-closing agreement are summarized in the following table.
(in thousands)
 
 
 
2017
$
1,602

2018
1,527

2019
1,885

2020
2,266

2021
2,668

Thereafter
20,723

Total
$
30,671

Orange-Co  
Business Acquisition [Line Items]  
Schedule of assets acquired and liabilities assumed
The following table summarizes the final allocation of the acquisition cost to the assets acquired and liabilities assumed at the date of acquisition, based on their estimated fair values:     
(in thousands)
 
 
 
Assets:
Amount
Accounts receivable
$
888

Other current assets
845

Inventories
35,562

Property and equipment:
 
Citrus Trees
164,123

Land
63,395

Equipment and other facilities
13,431

Goodwill
2,246

Other assets
2,140

Total assets, net of cash acquired
$
282,630

 
 
Liabilities:
 
Accounts payable and accrued liabilities
$
4,205

Debt
500

Contingent consideration
7,500

Total liabilities assumed
$
12,205

 
 
Assets acquired less liabilities assumed
$
270,425

 
 
Less: fair value attributable to noncontrolling interest
(4,838
)
 
 
Total purchase consideration
$
265,587

 
 
Cash proceeds from sugarcane disposition
$
97,126

Working capital line of credit
27,857

Term loans
140,604

 
 
Total purchase consideration
$
265,587



DeSoto County  
Business Acquisition [Line Items]  
Schedule of assets acquired and liabilities assumed
Assets acquired in the acquisition are as follows: 

(in thousands)
Amount
 
 
Inventories
$
1,148

Property and Equipment:
 

Citrus Trees
9,633

Land
3,902

Equipment and other facilities
1,834

Total cash paid
$
16,517

TRB  
Business Acquisition [Line Items]  
Schedule of assets acquired and liabilities assumed
Assets acquired and liabilities assumed in the TRB acquisition are as follows:

(in thousands)
 
 
 
Assets:
Amount
Prepaid expenses
$
90

Inventories
2,155

Property and equipment:
 
Citrus trees
10,009

Land and land improvements
5,007

Equipment and other facilities
1,038

Total assets
$
18,299

 
 
Liabilities:
$
41

 
 
Assets acquired less liabilities assumed
$
18,258