v3.19.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Sep. 30, 2018
Current assets:    
Cash and cash equivalents $ 606 $ 25,260
Accounts receivable, net 13,997 2,544
Inventories 36,111 41,033
Assets held for sale 1,403 1,391
Prepaid expenses and other current assets 946 833
Total current assets 53,063 71,061
Restricted cash 7,004 7,000
Property and equipment, net 342,930 340,403
Goodwill 2,246 2,246
Deferred financing costs, net of accumulated amortization 44 136
Other non-current assets 2,802 2,576
Total assets 408,089 423,422
Current liabilities:    
Accounts payable 7,372 3,764
Accrued liabilities 5,988 9,226
Long-term debt, current portion 5,313 5,275
Income taxes payable 1,468 2,320
Other current liabilities 437 913
Total current liabilities 20,578 21,498
Long-term debt:    
Principal amount, net of current portion 163,599 169,074
Less: deferred financing costs, net (1,465) (1,563)
Long-term debt less current portion and deferred financing costs, net 162,134 167,511
Lines of credit 24,962 2,685
Deferred income tax liabilities 28,930 25,153
Deferred gain on sale 0 24,928
Deferred retirement obligations 3,938 4,052
Other liabilities 346 0
Total liabilities 240,888 245,827
Commitments and Contingencies (Note 12)
Stockholders' equity:    
Preferred stock, no par value, 1,000,000 shares authorized; none issued 0 0
Common stock, $1.00 par value, 15,000,000 shares authorized; 8,416,145 and 8,416,145 shares issued and 7,462,803 and 8,199,957 shares outstanding at March 31, 2019 and September 30, 2018, respectively 8,416 8,416
Additional paid in capital 19,733 20,126
Treasury stock, at cost, 953,342 and 216,188 shares held at March 31, 2019 and September 30, 2018, respectively (32,496) (7,536)
Retained earnings 166,193 151,111
Total Alico stockholders' equity 161,846 172,117
Noncontrolling interest 5,355 5,478
Total stockholders' equity 167,201 177,595
Total liabilities and stockholders' equity $ 408,089 $ 423,422

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