XML 44 R12.htm IDEA: XBRL DOCUMENT
v3.24.3

Property and Equipment, Net | 12 Months Ended
--- | ---
Sep. 30, 2024
Property, Plant and Equipment [Abstract] |
Property and Equipment, Net | Note 5. Property and Equipment, Net Property and equipment, net consists of the following at September 30, 2024 and September 30, 2023:
(in thousands) | September 30,
2024 |  | 2023
Citrus trees | $ | 319,149 |  |  | $ | 328,421 |
Equipment and other facilities | 58,293 |  |  | 57,779 |
Buildings and improvements | 6,515 |  |  | 7,081 |
Total depreciable properties | 383,957 |  |  | 393,281 |
Less: accumulated depreciation and depletion | (146,086) |  |  | (144,150) |
Net depreciable properties | 237,871 |  |  | 249,131 |
Land and land improvements | 114,862 |  |  | 112,718 |
Property and equipment, net | $ | 352,733 |  |  | $ | 361,849 |
For the years ended September 30, 2024 and 2023 the Company recognized a loss on the disposal of property and equipment of $6,990 and $9,624, respectively, due to tree clippings, which has been recognized within Operating expenses. These losses were principally driven by a decision not to continue to provide caretaking for certain groves which were under performing and a decision to enter a lease with a third-party to remove certain trees in exchange for allowing them to utilize a portion of the grove for other agricultural development during the years ended September 30, 2024 and 2023, respectively. For the years ended September 30, 2024 and 2023 depreciation expense was $14,959 and $15,444, respectively and depletion expense was $51 and $43, respectively.

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

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480321/958-360-50-7 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration