Quarterly report pursuant to Section 13 or 15(d)

CONDENSED COMBINED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

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CONDENSED COMBINED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Dec. 31, 2015
Sep. 30, 2015
Current assets:    
Cash and cash equivalents $ 3,276 $ 5,474
Accounts receivable, net 12,074 3,137
Inventories 61,017 58,273
Income tax receivable 4,163 2,088
Prepaid expenses and other current assets 1,530 1,791
Total current assets 82,060 70,763
Property and equipment, net 380,107 381,099
Goodwill 2,246 2,246
Deferred financing costs, net of accumulated amortization 2,788 2,978
Other non current assets 1,781 3,002
Total assets 468,982 460,088
Current liabilities:    
Accounts payable 3,520 4,407
Accrued liabilities 8,334 13,815
Long-term debt, current portion 4,511 4,511
Line of credit, current portion 132 0
Deferred tax liability, current portion 151 151
Obligations under capital leases, current portion 277 277
Other current liabilities 659 974
Total current liabilities 17,584 24,135
Long-term debt 198,270 200,970
Lines of credit 25,000 0
Deferred tax liability 24,087 24,134
Deferred gain on sale 29,112 29,122
Deferred retirement obligations 4,152 4,134
Obligations under capital leases 588 588
Total liabilities $ 298,793 $ 283,083
Commitments and Contingencies (Note 10)
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 8,277,147 and 8,325,580 shares outstanding at December 31, 2015 and September 30, 2015, respectively 8,416 8,416
Additional paid in capital 19,736 21,289
Treasury stock, at cost, 138,998 and 90,565 shares held at December 31, 2015 and September 30, 2015, respectively (5,755) (3,962)
Retained earnings 142,993 146,455
Total Alico stockholders' equity 165,390 172,198
Noncontrolling interest 4,799 4,807
Total stockholders' equity 170,189 177,005
Total liabilities and stockholders' equity $ 468,982 $ 460,088