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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Sep. 30, 2019
Accounting Policies [Abstract] |
Schedule of disaggregation of revenue | Revenues disaggregated by significant products and services for the fiscal years ended September 30, 2019, 2018 and 2017 are as follows:
(in thousands) | Fiscal Year Ended September 30,
| 2019 |  | 2018 |  | 2017
Alico Citrus |  |  |  |  |
Early and Mid-Season | $ | 39,574 |  |  | $ | 24,309 |  |  | $ | 45,999 |
Valencias | 73,480 |  |  | 48,865 |  |  | 67,146 |
Fresh Fruit | 3,629 |  |  | 2,054 |  |  | 5,735 |
Other | 2,348 |  |  | 2,893 |  |  | 4,561 |
Total | $ | 119,031 |  |  | $ | 78,121 |  |  | $ | 123,441 |
Water Resources and Other Operations |  |  |  |  |
Land and other leasing | $ | 2,787 |  |  | $ | 2,595 |  |  | $ | 2,294 |
Sale of calves and culls | — |  |  | 57 |  |  | 3,732 |
Other | 433 |  |  | 508 |  |  | 362 |
Total | $ | 3,220 |  |  | $ | 3,160 |  |  | $ | 6,388 |
Total Revenues | $ | 122,251 |  |  | $ | 81,281 |  |  | $ | 129,829 |
Schedule of accounts receivable, net | The following table presents accounts receivable, net as of September 30, 2019 and 2018:
(in thousands) | September 30,
| 2019 |  | 2018
Accounts receivable | $ | 746 |  |  | $ | 2,577 |
Allowance for doubtful accounts | (33 | ) |  | (33 | )
Accounts receivable, net | $ | 713 |  |  | $ | 2,544 |
Schedule of revenues and accounts receivable from major customers | Accounts receivable from the Company’s major customer as of September 30, 2019 and 2018 and revenue from such customers for the fiscal years ended September 30, 2019, 2018 and 2017, are as follows:
(in thousands) | Accounts Receivable |  | Revenue |  | % of Total Revenue
| 2019 | 2018 |  | 2019 | 2018 | 2017 |  | 2019 | 2018 | 2017
Tropicana | $ | — |  | $ | 1,797 |  |  | $ | 108,318 |  | $ | 70,396 |  | $ | 111,197 |  |  | 88.6 | % | 86.6 | % | 85.6 | %
Schedule of estimated useful lives for property and equipment | The estimated useful lives for property and equipment are primarily as follows:
Citrus trees | 25 years
Equipment and other facilities | 3-20 years
Buildings and improvements | 25-39 years
Schedule of reconciliation of basic to diluted weighted average shares outstanding | The following table presents a reconciliation of basic to diluted weighted average common shares outstanding for fiscal years ended September 30, 2019, 2018 and 2017:
(in thousands) | Fiscal Year Ended September 30,
| 2019 |  | 2018 |  | 2017
Weighted Average Common Shares Outstanding - Basic | 7,472 |  |  | 8,232 |  |  | 8,300 |
Effect of dilutive securities - stock options and unrestricted stock | 21 |  |  | 69 |  |  | — |
Weighted Average Common Shares Outstanding - Diluted | 7,493 |  |  | 8,301 |  |  | 8,300 |
Schedule of stock-based compensation expense | Total stock-based compensation expense for the three years ended September 30, 2019 in general and administrative expense was as follows:
(in thousands) | Fiscal Year Ended September 30,
| 2019 |  | 2018 |  | 2017
Stock compensation expense: |  |  |  |  |  |  |  |
Executives | $ | 778 |  |  | $ | 1,754 |  |  | $ | 880 |
Executive forfeitures | (823 | ) |  | — |  |  | — |
Board of Directors | 869 |  |  | 859 |  |  | 773 |
Total stock compensation expense | $ | 824 |  |  | $ | 2,613 |  |  | $ | 1,653 |

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