XML 20 R24.htm IDEA: XBRL DOCUMENT
v3.19.3

Selected Quarterly Financial Data (unaudited) | 12 Months Ended
--- | ---
Sep. 30, 2019
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data (unaudited) | Selected Quarterly Financial Data (unaudited) Summarized quarterly financial data for the fiscal years ended September 30, 2019, and 2018 are computed independently each quarter, therefore, the sum of the quarter amounts may not equal the total amount for the respective year due to rounding as follows:
(in thousands, except per share amounts) | Fiscal Quarter Ended
| December 31, |  | March 31, |  | June 30, |  | September 30,
| 2018 | 2017 |  | 2019 | 2018 |  | 2019 | 2018 |  | 2019 | 2018
Total operating revenues | $ | 14,779 |  | $ | 17,533 |  |  | $ | 48,521 |  | $ | 35,600 |  |  | $ | 57,565 |  | $ | 26,517 |  |  | $ | 1,386 |  | $ | 1,631 |
Total operating expenses | 11,597 |  | 16,951 |  |  | 32,207 |  | 27,767 |  |  | 31,561 |  | 14,603 |  |  | (13,474 | ) | (3,633 | )
Gross profit | 3,182 |  | 582 |  |  | 16,314 |  | 7,833 |  |  | 26,004 |  | 11,914 |  |  | 14,860 |  | 5,264 |
General and administrative expenses | 3,450 |  | 3,886 |  |  | 4,654 |  | 3,073 |  |  | 2,682 |  | 2,955 |  |  | 4,360 |  | 5,144 |
Other (expense) income, net | (2,864 | ) | (375 | ) |  | (1,972 | ) | (2,140 | ) |  | (1,623 | ) | 5,074 |  |  | 11,478 |  | 96 |
Income (loss) before income taxes | (3,132 | ) | (3,679 | ) |  | 9,688 |  | 2,620 |  |  | 21,699 |  | 14,033 |  |  | 21,978 |  | 216 |
Income tax (benefit) expense | (629 | ) | (12,417 | ) |  | 2,228 |  | 8,150 |  |  | 5,483 |  | 4,941 |  |  | 5,701 |  | (284 | )
Net (loss) income | (2,503 | ) | 8,738 |  |  | 7,460 |  | (5,530 | ) |  | 16,216 |  | 9,092 |  |  | 16,277 |  | 500 |
Net loss attributable to noncontrolling interests | 36 |  | 8 |  |  | 87 |  | 16 |  |  | 28 |  | 8 |  |  | 232 |  | 218 |
Net income (loss) attributable to Alico Inc. common stockholders | $ | (2,467 | ) | $ | 8,746 |  |  | $ | 7,547 |  | $ | (5,514 | ) |  | $ | 16,244 |  | $ | 9,100 |  |  | $ | 16,509 |  | $ | 718 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | (0.33 | ) | $ | 1.06 |  |  | $ | 1.01 |  | $ | (0.67 | ) |  | $ | 2.17 |  | $ | 1.11 |  |  | $ | 2.21 |  | $ | 0.09 |
Diluted | $ | (0.33 | ) | $ | 1.05 |  |  | $ | 1.01 |  | $ | (0.67 | ) |  | $ | 2.17 |  | $ | 1.09 |  |  | $ | 2.21 |  | $ | 0.09 |
Total operating expenses for the fiscal quarter ended June 30, 2018 include insurance proceeds relating to Hurricane Irma of $477,000 for property and casualty damage claims and $3,726,000 for crop claims. Total operating expenses for the fiscal quarter ended September 30, 2018 included insurance proceeds relating to the Hurricane Irma of $5,226,000 for crop damage claims. Total operating expenses for the fiscal quarter ended September 30, 2019 includes insurance proceeds received of approximately $486,000 in additional property and casualty claims reimbursement relating to Hurricane Irma and block grants of approximately $15,597,000 under the Florida Citrus Recovery Block Grant (“CRBG”) program relating to Hurricane Irma. General and administrative expenses for the fiscal quarter ended September 30, 2019 include pension expense of $935,000 relating to termination of employee benefit plan (see Note 14. “Employee Benefit Plans” for further detail). Other income for the fiscal quarter ended September 30, 2019 includes a gain on sale of assets of approximately $13,166,000 (see Note 3. “Inventories”, Note 4. “Assets Held For Sale” and Note 5. “Property and Equipment, Net” for further information).

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration