v3.19.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Sep. 30, 2018
Current assets:    
Cash and cash equivalents $ 3,519 $ 25,260
Accounts receivable, net 6,285 2,544
Inventories 30,706 41,033
Assets held for sale 2,086 1,391
Prepaid expenses and other current assets 1,521 833
Total current assets 44,117 71,061
Restricted cash 7,006 7,000
Property and equipment, net 343,604 340,403
Goodwill 2,246 2,246
Deferred financing costs, net of accumulated amortization 21 136
Other non-current assets 2,525 2,576
Total assets 399,519 423,422
Current liabilities:    
Accounts payable 4,318 3,764
Accrued liabilities 6,097 9,226
Long-term debt, current portion 5,325 5,275
Income taxes payable 6,570 2,320
Other current liabilities 1,043 913
Total current liabilities 23,353 21,498
Long-term debt:    
Principal amount, net of current portion 160,855 169,074
Less: deferred financing costs, net (1,416) (1,563)
Long-term debt less current portion and deferred financing costs, net 159,439 167,511
Lines of credit 0 2,685
Deferred income tax liabilities 29,311 25,153
Deferred gain on sale 0 24,928
Deferred retirement obligations 3,887 4,052
Other liabilities 246 0
Total liabilities 216,236 245,827
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 7,470,031 and 8,199,957 shares outstanding at June 30, 2019 and September 30, 2018, respectively 8,416 8,416
Additional paid in capital 19,756 20,126
Treasury stock, at cost, 946,114 and 216,188 shares held at June 30, 2019 and September 30, 2018, respectively (32,205) (7,536)
Retained earnings 181,989 151,111
Total Alico stockholders' equity 177,956 172,117
Noncontrolling interest 5,327 5,478
Total stockholders' equity 183,283 177,595
Total liabilities and stockholders' equity $ 399,519 $ 423,422

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