Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (unaudited) (Tables)

v3.10.0.1
Selected Quarterly Financial Data (unaudited) (Tables)
 12 Months Ended
Sep. 30, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Data
Summarized quarterly financial data for the fiscal years ended September 30, 2018, and 2017 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:

(in thousands, except per share amounts)
Fiscal Quarter Ended
 
December 31,
 
March 31,
 
June 30,
 
September 30,
 
2017
2016
 
2018
2017
 
2018
2017
 
2018
2017
 
 
 
 
 
 
 
 
 
 
 
 
Total operating revenue
$
17,533

$
17,445

 
$
35,600

$
56,200

 
$
26,517

$
51,518

 
$
1,631

$
4,666

Total operating expenses
16,951

14,692

 
27,767

41,684

 
14,603

36,510

 
(3,633
)
28,013

 
 
 
 
 
 
 
 
 
 
 
 
Gross profit
582

2,753

 
7,833

14,516

 
11,914

15,008

 
5,264

(23,347
)
 
 
 
 
 
 
 
 
 
 
 
 
General and administrative
3,886

3,788

 
3,073

3,399

 
2,955

3,709

 
5,144

4,128

Other (expense) income, net
(375
)
(1,981
)
 
(2,140
)
(912
)
 
5,074

(2,162
)
 
96

(2,193
)
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes
(3,679
)
(3,016
)
 
2,620

10,205

 
14,033

9,137

 
216

(29,668
)
Income tax expense (benefit)
(12,417
)
(1,273
)
 
8,150

4,321

 
4,941

3,665

 
(284
)
(10,559
)
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
8,738

(1,743
)
 
(5,530
)
5,884

 
9,092

5,472

 
500

(19,109
)
 
 
 
 
 
 
 
 
 
 
 
 
Net loss attributable to noncontrolling interests
8

8

 
16

(51
)
 
8

7

 
218

81

 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) attributable to Alico Inc. common stockholders
$
8,746

$
(1,735
)
 
$
(5,514
)
$
5,833

 
$
9,100

$
5,479

 
$
718

$
(19,028
)
 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share:
 

 

 
 

 

 
 

 

 
 

 

Basic
$
1.06

$
(0.21
)
 
$
(0.67
)
$
0.70

 
$
1.11

$
0.66

 
$
0.09

$
(2.29
)
Diluted
$
1.05

$
(0.21
)
 
$
(0.67
)
$
0.70

 
$
1.09

$
0.66

 
$
0.09

$
(2.29
)



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. Total operating expenses for the fiscal quarter ended June 30, 2018 include insurance proceeds relating to Hurricane Irma of $477,000 for property and casualty damage claims and $3,726,000 for crop claims. Total operating expenses for the fiscal quarter ended September 30, 2018 included insurance proceeds relating to the Hurricane Irma of $5,226,000 for crop damage claims (see Note 3. “Inventories”, Note 4. “Assets Held For Sale” and Note 5. “Property and Equipment, Net” for further information)