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Common Control Acquisition | 9 Months Ended
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Jun. 30, 2015
Common Control Acquisition [Abstract] |
Common Control Acquisition | Note 5. Common Control Acquisition The Company completed the Merger with Silver Nip Citrus on February 28, 2015 (see “Note 1” to the accompanying Condensed Combined Consolidated Financial Statements). Silver Nip Citrus owns approximately 7,434 acres of land, consisting primarily of citrus groves, in six Florida counties (Polk, Hardee, Osceola, Martin, Highlands and Collier). Substantially all of its revenues derive from citrus operations. As the Company and Silver Nip Citrus were under common control at the time of the Merger, we have combined the operating results of the Company and Silver Nip Citrus from the date common control began. The Company's results of operations for the three and nine months ended June 30, 2015 include the Silver Nip Citrus results of operations for the three and nine months ended March 31, 2015. The Company's results of operations for the three and nine months ended June 30, 2014 include the Silver Nip Citrus results of operations from November 19, 2013 (the initial date of common control) through March 31, 2014. Separate results for the Company and Silver Nip Citrus for the three and nine months ended June 30, 2015 and 2014 were as follows :
(in thousands except for per share amounts) |  | Three Months Ended June 30, 2015 |  | Three Months Ended June 30, 2014
|  |  |  |  |  |  | Silver Nip |  |  |  |  |  |  |  |  |  |  |  | Silver Nip |  |  |  |  |
|  |  | Alico |  |  |  | Citrus |  |  |  | Total |  |  |  | Alico |  |  |  | Citrus |  |  |  | Total |
Operating revenues |  | $ | 61,007 |  |  | $ | 7,802 |  |  | $ | 68,809 |  |  | $ | 28,675 |  |  | $ | 5,200 |  |  | $ | 33,875 |
Gross profit |  | $ | 18,090 |  |  | $ | 1,725 |  |  | $ | 19,815 |  |  | $ | 3,739 |  |  | $ | 854 |  |  | $ | 4,593 |
Net income |  | $ | 6,727 |  |  | $ | 1,040 |  |  | $ | 7,767 |  |  | $ | 1,119 |  |  | $ | (88 | ) |  | $ | 1,031 |
Comprehensive income |  | $ | 6,727 |  |  | $ | 1,040 |  |  | $ | 7,767 |  |  | $ | 1,119 |  |  | $ | (88 | ) |  | $ | 1,031 |
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.81 |  |  | $ | 0.13 |  |  | $ | 0.94 |  |  | $ | 0.15 |  |  | $ | (0.01 | ) |  | $ | 0.14 |
Diluted |  | $ | 0.81 |  |  | $ | 0.13 |  |  | $ | 0.94 |  |  | $ | 0.15 |  |  | $ | (0.01 | ) |  | $ | 0.14 |
(in thousands except for per share amounts) |  | Nine Months Ended June 30, 2015 |  | Nine Months Ended June 30, 2014
|  |  |  |  |  |  | Silver Nip |  |  |  |  |  |  |  |  |  |  |  | Silver Nip |  |  |  |  |
|  |  | Alico |  |  |  | Citrus |  |  |  | Total |  |  |  | Alico |  |  |  | Citrus |  |  |  | Total |
Operating revenues |  | $ | 129,375 |  |  | $ | 10,734 |  |  | $ | 140,109 |  |  | $ | 81,139 |  |  | $ | 8,367 |  |  | $ | 89,506 |
Gross profit |  | $ | 31,185 |  |  | $ | 1,805 |  |  | $ | 32,990 |  |  | $ | 15,593 |  |  | $ | 1,770 |  |  | $ | 17,363 |
Net income |  | $ | 15,866 |  |  | $ | 2,426 |  |  | $ | 18,292 |  |  | $ | 4,485 |  |  | $ | 538 |  |  | $ | 5,023 |
Comprehensive income |  | $ | 15,866 |  |  | $ | 2,426 |  |  | $ | 18,292 |  |  | $ | 4,485 |  |  | $ | 538 |  |  | $ | 5,023 |
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.99 |  |  | $ | 0.30 |  |  | $ | 2.30 |  |  | $ | 0.61 |  |  | $ | 0.07 |  |  | $ | 0.69 |
Diluted |  | $ | 1.99 |  |  | $ | 0.30 |  |  | $ | 2.29 |  |  | $ | 0.61 |  |  | $ | 0.07 |  |  | $ | 0.68 |

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