| Schedule of Quarterly Financial Data |
Summarized quarterly financial data for the fiscal years ended September 30, 2017, and 2016 are computed independently each quarter, therefore, the sum of the quarter amounts may not equal the total amount for the respective year due to rounding as follows:
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(in thousands, except per share amounts) |
Fiscal Quarter Ended |
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December 31, |
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March 31, |
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June 30, |
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September 30, |
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2016 |
2015 |
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2017 |
2016 |
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2017 |
2016 |
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2017 |
2016 |
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Total operating revenue |
$ |
17,445 |
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$ |
20,604 |
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$ |
56,200 |
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$ |
71,889 |
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$ |
51,518 |
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$ |
46,853 |
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$ |
4,666 |
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$ |
4,850 |
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Total operating expenses |
14,692 |
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19,238 |
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41,684 |
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52,374 |
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36,510 |
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33,170 |
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28,013 |
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4,355 |
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Gross profit |
2,753 |
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1,366 |
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14,516 |
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19,515 |
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15,008 |
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13,683 |
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(23,347 |
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495 |
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General and administrative |
3,788 |
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3,925 |
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3,399 |
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2,849 |
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3,709 |
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2,747 |
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4,128 |
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3,692 |
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Other (expense) income, net |
(1,981 |
) |
(2,535 |
) |
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(912 |
) |
(1,840 |
) |
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(2,162 |
) |
(2,874 |
) |
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(2,193 |
) |
(2,117 |
) |
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Income (loss) before income taxes |
(3,016 |
) |
(5,094 |
) |
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10,205 |
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14,826 |
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9,137 |
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8,062 |
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(29,668 |
) |
(5,314 |
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Income tax expense (benefit) |
(1,273 |
) |
(2,075 |
) |
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4,321 |
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6,102 |
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3,665 |
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3,392 |
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(10,559 |
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(1,898 |
) |
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Net income (loss) |
$ |
(1,743 |
) |
$ |
(3,019 |
) |
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$ |
5,884 |
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$ |
8,724 |
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$ |
5,472 |
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$ |
4,670 |
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$ |
(19,109 |
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$ |
(3,416 |
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Net loss attributable to noncontrolling interests |
8 |
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8 |
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(51 |
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10 |
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7 |
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11 |
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81 |
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5 |
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Net income (loss) attributable to Alico Inc. common stockholders |
$ |
(1,735 |
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$ |
(3,011 |
) |
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$ |
5,833 |
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$ |
8,734 |
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$ |
5,479 |
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$ |
4,681 |
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$ |
(19,028 |
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$ |
(3,411 |
) |
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Earnings per share: |
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Basic |
$ |
(0.21 |
) |
$ |
(0.36 |
) |
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$ |
0.70 |
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$ |
1.05 |
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$ |
0.66 |
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$ |
0.56 |
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$ |
(2.29 |
) |
$ |
(0.41 |
) |
Diluted |
$ |
(0.21 |
) |
$ |
(0.36 |
) |
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$ |
0.70 |
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$ |
1.05 |
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$ |
0.66 |
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$ |
0.56 |
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$ |
(2.29 |
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$ |
(0.41 |
) |
Note - Total operating expenses for the fiscal quarter ended September 30, 2017 include an inventory casualty loss and net realizable value adjustment of approximately $14,688,000 and impairments of long-lived assets of approximately $9,346,000. (See Notes 5. “Inventories”, Note 6. “Assets Held For Sale” and Note 7. “Property and Equipment, Net” for further information)
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