v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Sep. 30, 2019
Current assets:    
Cash and cash equivalents $ 80,426 $ 18,630
Accounts receivable, net 909 713
Inventories 29,253 40,143
Assets held for sale 1,366 1,442
Prepaid expenses and other current assets 1,645 1,049
Total current assets 113,599 61,977
Restricted cash 784 5,208
Property and equipment, net 351,077 345,648
Goodwill 2,246 2,246
Other non-current assets 2,226 2,309
Total assets 469,932 417,388
Current liabilities:    
Accounts payable 4,503 4,163
Accrued liabilities 5,803 7,769
Long-term debt, current portion 5,130 5,338
Deferred retirement obligations 5,226 5,226
Income taxes payable 2,802 5,536
Other current liabilities 1,139 919
Total current liabilities 24,603 28,951
Long-term debt:    
Principal amount, net of current portion 145,810 158,111
Less: deferred financing costs, net (1,195) (1,369)
Long-term debt less current portion and deferred financing costs, net 144,615 156,742
Lines of credit 64,380  
Deferred income tax liabilities, net 31,353 32,125
Other liabilities 246 172
Total liabilities 265,197 217,990
Commitments and Contingencies (Note 12)
Stockholders' equity:    
Preferred stock, no par value, 1,000,000 shares authorized; none issued
Common stock, $1.00 par value, 15,000,000 shares authorized; 8,416,145 shares issued and 7,486,108 and 7,476,513 shares outstanding at June 30, 2020 and September 30, 2019, respectively 8,416 8,416
Additional paid in capital 20,181 19,781
Treasury stock, at cost, 930,037 and 939,632 shares held at June 30, 2020 and September 30, 2019, respectively (31,539) (31,943)
Retained earnings 202,488 198,049
Total Alico stockholders' equity 199,546 194,303
Noncontrolling interest 5,189 5,095
Total stockholders' equity 204,735 199,398
Total liabilities and stockholders' equity $ 469,932 $ 417,388

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