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Common Control Acquisition | 9 Months Ended
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Jun. 30, 2016
Business Combinations [Abstract] |
Common Control Acquisition | Common Control Acquisition The Company completed the Merger with Silver Nip Citrus on February 28, 2015 (see Note 1, “Basis of Presentation”). Silver Nip Citrus owns approximately 7,400 acres of land, consisting primarily of citrus groves, in seven Florida counties (Polk, Hardee, Osceola, Martin, Highlands, Charlotte 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, the results of operations have been combined for the Company and Silver Nip Citrus from the date common control began, November 19, 2013. Separate results for the Company and Silver Nip Citrus for the three and nine months ended June 30, 2015 and are as follows:
(in thousands except per share amounts) |  |  |  |  |  |  |  |  |  |
| Three months ended |  | Nine months ended
| June 30, 2015 |  | June 30, 2015
|  |  | Silver Nip |  |  |  |  |  | Silver Nip |  |
| Alico |  | Citrus |  | Total |  | Alico |  | Citrus |  | Total
Operating revenue | $ | 61,007 |  |  | $ | 10,663 |  |  | $ | 71,670 |  |  | $ | 129,375 |  |  | $ | 21,377 |  |  | $ | 150,752 |
Gross profit | $ | 18,090 |  |  | $ | 2,937 |  |  | $ | 21,027 |  |  | $ | 31,185 |  |  | $ | 4,790 |  |  | $ | 35,975 |
Income from operations | $ | 14,623 |  |  | $ | 3,455 |  |  | $ | 18,078 |  |  | $ | 18,962 |  |  | $ | 5,082 |  |  | $ | 24,044 |
Net income | $ | 7,530 |  |  | $ | 1,646 |  |  | $ | 9,176 |  |  | $ | 16,669 |  |  | $ | 1,940 |  |  | $ | 18,609 |
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.91 |  |  | $ | 0.20 |  |  | $ | 1.11 |  |  | $ | 2.09 |  |  | $ | 0.24 |  |  | $ | 2.34 |
Diluted | $ | 0.91 |  |  | $ | 0.20 |  |  | $ | 1.11 |  |  | $ | 2.09 |  |  | $ | 0.24 |  |  | $ | 2.34 |

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