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Segment Information | 6 Months Ended
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Mar. 31, 2016
Segment Reporting [Abstract] |
Segment Information | Segment Information Segments Operating segments are defined in ASC Topic 280, "Segment Reporting" as components of public entities that engage in business activities from which they may earn revenues and incur expenses for which separate financial information is available, and which are evaluated regularly by the Company’s CODM in deciding how to assess performance and allocate resources. For the fiscal year ended September 30, 2015, the Company’s CODM assessed performance and allocated resources based on five operating segments: Citrus Groves, Improved Farmland, Ranch and Conservation, Agricultural Supply Chain Management and Other Operations. The former Citrus Groves and Agricultural Supply Chain Management segments have been combined in Orange Co. and, as a result of the disposition of its sugarcane land in fiscal year 2015, the Company is no longer involved in sugarcane, and the Improved Farmland segment is no longer material to its business and has been combined in Other Operations. Effective October 1, 2015, the Company’s CODM will assess performance and allocate resources based on three operating segments: Orange Co., Conservation and Environmental Resources and Other Operations. The Company manages its land based upon its primary usage, and reviews its performance based upon two primary classifications: Orange Co. and Conservation and Environmental Resources. In addition, Other Operations include leasing mines and oil extraction rights to third parties, as well as leasing improved farmland to third parties. Total revenues represent sales to unaffiliated customers, as reported in the Condensed Combined Consolidated Statements of Operations and Comprehensive Income. Intersegment sales and transfers are accounted for by the Company as if the sales or transfers were to third parties at current market prices. Goods and services produced by these segments are sold to wholesalers and processors in the United States who prepare the products for consumption. The Company evaluates the segments’ performance based on direct margins (gross profit) from operations before general and administrative expenses, interest expense, other income (expense) and income taxes, not including nonrecurring gains and losses. All intercompany transactions between the segments have been eliminated. Information by business segment is as follows:
(in thousands) | Three Months Ended March 31, |  | Six Months Ended March 31,
| 2016 |  | 2015 |  | 2016 |  | 2015
Revenues: |  |  |  |  |  |  |
Orange Co. | $ | 70,982 |  |  | $ | 58,557 |  |  | $ | 90,277 |  |  | $ | 75,550 |
Conservation and Environmental Resources | 644 |  |  | 309 |  |  | 1,651 |  |  | 1,145 |
Other Operations | 263 |  |  | 1,146 |  |  | 565 |  |  | 2,387 |
Total revenues | 71,889 |  |  | 60,012 |  |  | 92,493 |  |  | 79,082 |
Operating expenses: |  |  |  |  |  |  |
Orange Co. | 51,716 |  |  | 46,383 |  |  | 69,324 |  |  | 60,597 |
Conservation and Environmental Resources | 581 |  |  | 623 |  |  | 2,141 |  |  | 1,368 |
Other Operations | 77 |  |  | 1,330 |  |  | 147 |  |  | 2,169 |
Total operating expenses | 52,374 |  |  | 48,336 |  |  | 71,612 |  |  | 64,134 |
Gross profit: |  |  |  |  |  |  |
Orange Co. | 19,266 |  |  | 12,174 |  |  | 20,953 |  |  | 14,953 |
Conservation and Environmental Resources | 63 |  |  | (314 | ) |  | (490 | ) |  | (223 | )
Other Operations | 186 |  |  | (184 | ) |  | 418 |  |  | 218 |
Total gross profit | $ | 19,515 |  |  | $ | 11,676 |  |  | $ | 20,881 |  |  | $ | 14,948 |
Depreciation, depletion and amortization: |  |  |  |  |  |  |
Orange Co. | $ | 3,391 |  |  | $ | 3,152 |  |  | $ | 6,748 |  |  | $ | 5,098 |
Conservation and Environmental Resources | 297 |  |  | 242 |  |  | 529 |  |  | 485 |
Other Operations | 94 |  |  | 270 |  |  | 200 |  |  | 398 |
Other Depreciation, Depletion and Amortization | 254 |  |  | (159 | ) |  | 567 |  |  | 508 |
Total depreciation, depletion and amortization | $ | 4,036 |  |  | $ | 3,505 |  |  | $ | 8,044 |  |  | $ | 6,489 |
(in thousands) | March 31, |  | September 30,
| 2016 |  | 2015
Assets: |  |  |
Orange Co. | $ | 418,191 |  |  | $ | 392,329 |
Conservation and Environmental Resources | 14,418 |  |  | 13,779 |
Other Operations | 21,235 |  |  | 31,468 |
Other Corporate Assets | 10,008 |  |  | 22,512 |
Total Assets | $ | 463,852 |  |  | $ | 460,088 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 + Details
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