Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2018
Sep. 30, 2017
Current assets:    
Cash and cash equivalents $ 12,022 $ 3,395
Accounts receivable, net 16,515 4,286
Inventories 27,010 36,204
Assets held for sale 706 20,983
Prepaid expenses and other current assets 2,287 1,621
Total current assets 58,540 66,489
Property and equipment, net 348,017 349,337
Goodwill 2,246 2,246
Deferred financing costs, net of accumulated amortization 138 262
Other non-current assets 1,001 848
Total assets 409,942 419,182
Current liabilities:    
Accounts payable 4,449 3,192
Accrued liabilities 4,991 6,781
Long-term debt, current portion 5,225 4,550
Other current liabilities 438 1,460
Total current liabilities 15,103 15,983
Long-term debt:    
Principal amount, net of current portion 174,536 181,926
Less: deferred financing costs, net (1,664) (1,767)
Long-term debt less current portion and deferred financing costs, net 172,872 180,159
Deferred income tax liabilities 22,802 27,108
Deferred gain on sale 26,829 26,440
Deferred retirement obligations 4,097 4,123
Total liabilities 241,703 253,813
Commitments and Contingencies (Note 11)
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 8,248,449 and 8,238,830 shares outstanding at March 31, 2018 and September 30, 2017, respectively 8,416 8,416
Additional paid in capital 19,050 18,694
Treasury stock, at cost, 167,696 and 177,315 shares held at March 31, 2018 and September 30, 2017, respectively (6,208) (6,502)
Retained earnings 142,277 140,033
Total Alico stockholders' equity 163,535 160,641
Noncontrolling interest 4,704 4,728
Total stockholders' equity 168,239 165,369
Total liabilities and stockholders' equity $ 409,942 $ 419,182