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Acquisitions and Dispositions (Tables) | 12 Months Ended
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Sep. 30, 2017
Business Acquisition [Line Items] |
Schedule of unaudited Pro Forma Information | The unaudited pro-forma information below for the fiscal years ended September 30, 2015 and 2014 gives effect to this acquisition as if the acquisitions had occurred on October 1, 2013. The pro-forma financial information is not necessarily indicative of the results of operations if the acquisition had been effective as of this date.
(in thousands except per share amounts) | Fiscal Year Ended September 30,
| 2015 |  | 2014
| (unaudited)
Revenues | $ | 153,654 |  |  | $ | 175,420 |
Income from operations | $ | 19,489 |  |  | $ | 35,450 |
Net income attributable to Alico Inc. common stockholders | $ | 12,723 |  |  | $ | 22,906 |
Basic earnings per common share | $ | 1.58 |  |  | $ | 3.12 |
Diluted earnings per common share | $ | 1.58 |  |  | $ | 3.12 |
Orange-Co |
Business Acquisition [Line Items] |
Schedule of assets acquired and liabilities assumed | The following table summarizes the final allocation of the acquisition cost to the assets acquired and liabilities assumed at the date of acquisition, based on their estimated fair values:
(in thousands) |
Assets: | Amount
Accounts receivable | $ | 888 |
Other current assets | 845 |
Inventories | 35,562 |
Property and equipment: |
Citrus Trees | 164,123 |
Land | 63,395 |
Equipment and other facilities | 13,431 |
Goodwill | 2,246 |
Other assets | 2,140 |
Total assets, net of cash acquired | $ | 282,630 |
Liabilities: |
Accounts payable and accrued liabilities | $ | 4,205 |
Debt | 500 |
Contingent consideration | 7,500 |
Total liabilities assumed | $ | 12,205 |
Assets acquired less liabilities assumed | $ | 270,425 |
Less: fair value attributable to noncontrolling interest | (4,838 | )
Total purchase consideration | $ | 265,587 |
Cash proceeds from sugarcane disposition | $ | 97,126 |
Working capital line of credit | 27,857 |
Term loans | 140,604 |
Total purchase consideration | $ | 265,587 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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