XML 57 R23.htm IDEA: XBRL DOCUMENT
v3.21.2

Selected Quarterly Financial Data (unaudited) | 12 Months Ended
--- | ---
Sep. 30, 2021
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data (unaudited) | Note 17. Selected Quarterly Financial Data (unaudited) Summarized quarterly financial data for the fiscal years ended September 30, 2021, and 2020 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, |
|  | 2020 |  |  | 2019 |  |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Total operating revenues |  | $ | 13,732 |  |  | $ | 11,005 |  |  | $ | 55,944 |  |  | $ | 50,515 |  |  | $ | 34,888 |  |  | $ | 26,122 |  |  | $ | 4,000 |  |  | $ | 4,865 |
Total operating expenses |  |  | 8,335 |  |  |  | 5,391 |  |  |  | 45,718 |  |  |  | 43,898 |  |  |  | 26,378 |  |  |  | 19,902 |  |  |  | 4,240 |  |  |  | 5,397 |
Gross profit (loss) |  |  | 5,397 |  |  |  | 5,614 |  |  |  | 10,226 |  |  |  | 6,617 |  |  |  | 8,510 |  |  |  | 6,220 |  |  |  | (240 | ) |  |  | (532 | )
General and administrative expenses |  |  | 2,528 |  |  |  | 2,760 |  |  |  | 2,653 |  |  |  | 2,953 |  |  |  | 1,911 |  |  |  | 2,556 |  |  |  | 2,361 |  |  |  | 2,729 |
Other income (expense), net |  |  | 2,185 |  |  |  | (1,595 | ) |  |  | (1,104 | ) |  |  | 1,398 |  |  |  | 29,387 |  |  |  | (1,405 | ) |  |  | 1,479 |  |  |  | 26,058 |
Income (loss) before income taxes |  |  | 5,054 |  |  |  | 1,259 |  |  |  | 6,469 |  |  |  | 5,062 |  |  |  | 35,986 |  |  |  | 2,259 |  |  |  | (1,122 | ) |  |  | 22,797 |
Income tax (benefit) expense |  |  | 1,250 |  |  |  | 361 |  |  |  | 1,579 |  |  |  | 1,496 |  |  |  | 8,853 |  |  |  | 171 |  |  |  | (115 | ) |  |  | 5,635 |
Net income (loss) |  |  | 3,804 |  |  |  | 898 |  |  |  | 4,890 |  |  |  | 3,566 |  |  |  | 27,133 |  |  |  | 2,088 |  |  |  | (1,007 | ) |  |  | 17,162 |
Net loss (income) attributable to noncontrolling interests |  |  | 41 |  |  |  | (107 | ) |  |  | (23 | ) |  |  | 5 |  |  |  | (14 | ) |  |  | 8 |  |  |  | 35 |  |  |  | 42 |
Net income (loss) attributable to Alico Inc. common stockholders |  | $ | 3,845 |  |  | $ | 791 |  |  | $ | 4,867 |  |  | $ | 3,571 |  |  | $ | 27,119 |  |  | $ | 2,096 |  |  | $ | (972 | ) |  | $ | 17,204 |
Earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.51 |  |  | $ | 0.11 |  |  | $ | 0.65 |  |  | $ | 0.48 |  |  | $ | 3.61 |  |  | $ | 0.28 |  |  | $ | (0.13 | ) |  | $ | 2.29 |
Diluted |  | $ | 0.51 |  |  | $ | 0.11 |  |  | $ | 0.65 |  |  | $ | 0.48 |  |  | $ | 3.61 |  |  | $ | 0.28 |  |  | $ | (0.13 | ) |  | $ | 2.29 |
Operating revenues and operating expenses for the fiscal quarter ended September 30, 2020 include approximately $3,246,000 and approximately $2,951,000, respectively, relating to the grove management services being provided to a third-party. Other income for the fiscal quarter ended September 30, 2020 includes a gain on sale of assets of approximately $27,470,000 (see Note 4. “Assets Held for Sale” and Note 5. “Property and Equipment, Net” for further information). Operating revenues and operating expenses for the fiscal quarter ended December 31, 2020 include approximately $2,869,000 and approximately $2,631,000, respectively, relating to the grove management services being provided to a third-party. Operating revenues and operating expenses for the fiscal quarter ended March 31, 2021 include approximately $4,685,000 and approximately $4,150,000, respectively, relating to the grove management services being provided to a third-party. Operating revenues and operating expenses for the fiscal quarter ended June 30, 2021 include approximately $5,114,000 and approximately $4,545,000, respectively, relating to the grove management services being provided to a third-party. Other income for the fiscal quarter ended June 30, 2021 includes a gain on sale of assets of approximately $30,288,000 (see Note 4. “Assets Held for Sale” and Note 5. “Property and Equipment, Net” for further information). General and administrative expenses for the fiscal quarter ended June 30, 2021 include the receipt of insurance proceeds for the reimbursement of legal fees in the amount of approximately $658,000 relating to corporate legal matters. Operating revenues and operating expenses for the fiscal quarter ended September 30, 2021 include approximately $3,083,000 and approximately $3,015,000, respectively, relating to the grove management services being provided to a third-party.

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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=124502072&loc=SL124452896-108306 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration