Alico (ALCO) 10-K 6 Dec 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Sep. 30, 2016	Dec. 01, 2016	Mar. 31, 2016
Document and Entity Information:
Document Type	10-K
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Registrant Name	ALICO INC
Entity Central Index Key	3,545
Current Fiscal Year End Date	--09-30
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding (in shares)		8,324,747
Entity Public Float			$ 86,944,912

CONSOLIDATED AND COMBINED BALAN

CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Current assets:
Cash and cash equivalents	$ 6,625	$ 5,474
Accounts receivable, net	4,740	3,137
Inventories	58,469	58,273
Income tax receivable	1,013	2,088
Prepaid expenses and other current assets	2,261	1,791
Total current assets	73,108	70,763
Property and equipment, net	379,247	381,099
Goodwill	2,246	2,246
Deferred financing costs, net of accumulated amortization	2,369	2,978
Other non-current assets	1,692	3,002
Total assets	458,662	460,088
Current liabilities:
Accounts payable	5,975	4,407
Accrued liabilities	6,920	13,813
Long-term debt, current portion	4,493	4,511
Deferred tax liability, current portion	53	151
Obligations under capital leases, current portion	288	277
Other current liabilities	1,002	975
Total current liabilities	18,731	24,134
Long-term debt	192,726	200,970
Lines of credit	5,000	0
Deferred tax liability	31,004	25,629
Deferred gain on sale	28,440	29,122
Deferred retirement obligations	4,198	4,134
Obligations under capital leases	300	588
Total liabilities	280,399	284,577
Commitments and Contingencies (Note 17)
Stockholders' equity:
Preferred stock, no par value, 1,000,000 shares authorized; none issued	0	0
Common stock, $1.00 par value, 15,000,000 shares authorized; 8,416,145 and 8,416,145 shares issued and 8,315,535 and 8,325,580 shares outstanding at September 30, 2016 and September 30, 2015, respectively	8,416	8,416
Additional paid in capital	18,155	19,795
Treasury stock, at cost, 100,610 and 90,565 shares held at September 30, 2016 and September 30, 2015, respectively	(4,585)	(3,962)
Retained earnings	151,504	146,455
Total Alico stockholders' equity	173,490	170,704
Noncontrolling interest	4,773	4,807
Total stockholders' equity	178,263	175,511
Total liabilities and stockholders' equity	$ 458,662	$ 460,088

CONSOLIDATED AND COMBINED STATE

CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Operating revenues:
Total operating revenues	$ 144,196	$ 153,126	$ 104,003
Operating expenses:
Total operating expenses	109,137	117,127	82,809
Gross profit	35,059	35,999	21,194
General and administrative expenses	13,213	16,494	11,811
Income from operations	21,846	19,505	9,383
Other (expense) income:
Investment and interest income, net	0	2	131
Interest expense	(9,893)	(8,366)	(2,368)
Gain on bargain purchase	0	1,145	0
Gain on sale of real estate	618	13,590	7,748
Gain on settlement of contingent consideration arrangement	0	0	6,000
Loss on extinguishment of debt	0	(1,051)	0
Impairment of asset held for sale	0	(541)	0
Other expense, net	(91)	(196)	(16)
Total other (expense) income, net	(9,366)	4,583	11,495
Income before income taxes	12,480	24,088	20,878
Provision for income taxes	5,521	10,905	11,383
Net income	6,959	13,183	9,495
Net loss attributable to noncontrolling interests	34	31	0
Net income attributable to Alico, Inc. common stockholders	6,993	13,214	9,495
Comprehensive income attributable to noncontrolling interests	0	0	0
Comprehensive income attributable to Alico, Inc. common stockholders	$ 6,993	$ 13,214	$ 9,495
Earnings per common share:
Basic (in dollars per share)	$ 0.84	$ 1.64	$ 1.29
Diluted (in dollars per share)	$ 0.84	$ 1.64	$ 1.29
Weighted-average number of common shares outstanding:
Basic (in shares)	8,303	8,056	7,336
Diluted (in shares)	8,311	8,061	7,354
Cash dividends declared per common share (in dollars per share)	$ 0.24	$ 0.24	$ 0.24
Orange Co.
Operating revenues:
Total operating revenues	$ 137,282	$ 146,147	$ 74,768
Operating expenses:
Total operating expenses	102,347	110,236	54,956
Conservation and Environmental Resources
Operating revenues:
Total operating revenues	5,669	5,394	8,172
Operating expenses:
Total operating expenses	6,393	4,808	6,123
Other Operations
Operating revenues:
Total operating revenues	1,245	1,585	21,063
Operating expenses:
Total operating expenses	$ 397	$ 2,083	$ 21,730

CONSOLIDATED AND COMBINED BALA4

CONSOLIDATED AND COMBINED BALANCE SHEETS (PARENTHETICAL) - $ / shares	Sep. 30, 2016	Sep. 30, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value per share (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value per share (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	15,000,000	15,000,000
Common stock, shares issued (in shares)	8,416,145	8,416,145
Common stock, shares outstanding (in shares)	8,315,535	8,325,580
Treasury stock at cost, shares (in shares)	100,610	90,565

CONSOLIDATED AND COMBINED STAT5

CONSOLIDATED AND COMBINED STATEMENTS OF CHANGES IN EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Directors	Executives	Members' equity	Total Alico, Inc. Equity	Total Alico, Inc. EquityDirectors	Total Alico, Inc. EquityExecutives	Total Alico, Inc. EquityMembers' equity	Common Stock	Additional Paid In Capital	Additional Paid In CapitalDirectors	Additional Paid In CapitalExecutives	Treasury Stock	Treasury StockDirectors	Treasury StockExecutives	Retained Earnings	Retained EarningsDirectors	Members' Equity	Members' EquityMembers' equity	Noncontrolling Interest
Beginning balance (in shares) at Sep. 30, 2013									7,377
Beginning balance at Sep. 30, 2013	$ 142,736				$ 142,736				$ 7,377	$ 9,496			$ (2,816)			$ 128,679		$ 0		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	9,495				9,495											8,050		1,445
Dividends	(2,366)				(2,366)											(1,761)		(605)
Treasury stock purchases	(4,844)				(4,844)								(4,844)
Members' equity as of common control November 19, 2013	15,631				15,631													15,631
Stock-based compensation		$ 1,061	$ 195	$ 579		$ 1,061	$ 195	$ 579			$ (26)	$ (5,728)		$ 1,087	$ 5,923				$ 579
Ending balance (in shares) at Sep. 30, 2014									7,377
Ending balance at Sep. 30, 2014	162,487				162,487				$ 7,377	3,742			(650)			134,968		17,050		0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	13,183				13,214											13,423		(209)		(31)
Dividends	(1,936)				(1,936)											(1,936)
Treasury stock purchases	(4,013)				(4,013)								(4,013)
Acquisition of citrus businesses (in shares)									1,039
Acquisition of citrus businesses	4,838								$ 1,039	15,937								(16,976)		4,838
Stock-based compensation		762	55	135		762	55	$ 135			61	55		701					$ 135
Ending balance (in shares) at Sep. 30, 2015									8,416
Ending balance at Sep. 30, 2015	175,511				170,704				$ 8,416	19,795			(3,962)			146,455		0		4,807
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	6,959				6,993											6,993				(34)
Dividends	(1,990)				(1,990)											(1,990)
Treasury stock purchases	(3,141)				(3,141)								(3,141)
Contingent Consideration	0									(1,483)			1,483
Stock-based compensation		$ 774	$ 150	$ 0		$ 774	$ 150				$ (307)	$ 150		$ 1,035			$ 46
Ending balance (in shares) at Sep. 30, 2016									8,416
Ending balance at Sep. 30, 2016	$ 178,263				$ 173,490				$ 8,416	$ 18,155			$ (4,585)			$ 151,504		$ 0		$ 4,773

CONSOLIDATED AND COMBINED STAT6

CONSOLIDATED AND COMBINED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income	$ 6,959	$ 13,183	$ 9,495
Adjustments to reconcile net income to net cash provided by operating activities:
Gain on sale of sugarcane land	(618)	(13,734)	0
Depreciation and amortization	15,382	14,732	9,638
Loss (gain) on breeding herd sales	296	(183)	(555)
Deferred income tax expense	5,277	12,350	6,806
Cash surrender value	(20)	(27)	202
Deferred retirement benefits	65	623	(173)
Magnolia Fund undistributed loss (earnings)	103	(57)	(163)
Loss (gain) on sale of property and equipment	147	(290)	(6,742)
Impairment of asset held for sale	0	541	0
Loss on extinguishment of debt	0	457	0
Non-cash interest expense on deferred gain on sugarcane land	1,406	607	0
Stock-based compensation expense	925	952	1,835
Other	0	245	0
Changes in operating assets and liabilities:
Accounts receivable	(1,707)	5,983	(2,676)
Inventories	(196)	8,659	9,985
Prepaid expenses	(1,759)	(1,347)	0
Income tax receivable	1,074	0	3,401
Other assets	821	465	523
Accounts payable and accrued expenses	3,720	(522)	(8,599)
Income tax payable	0	(6,660)	0
Other liabilities	(1,518)	(2,251)	2,086
Net cash provided by operating activities	30,357	33,726	25,063
Cash flows from investing activities:
Acquisition of citrus businesses, net of cash acquired	0	(265,587)	(32,769)
Proceeds on sale of sugarcane land	0	97,151	0
Purchases of property and equipment	(14,305)	(11,523)	(13,280)
Return on investment in Magnolia Fund	171	675	3,814
Proceeds from sale of assets	799	1,963	14,473
Proceeds from surrender of life insurance policies	297	0	0
Proceeds from sale of real estate	0	0	5,764
Other	4	264	10
Net cash used in investing activities	(13,034)	(177,057)	(21,988)
Cash flows from financing activities:
Borrowings notes payable	0	0	11,000
Proceeds from term loans	2,500	184,500	0
Repayments on revolving line of credit	(53,882)	(87,031)	(2,400)
Borrowings on revolving line of credit	58,882	81,031	3,641
Repayment of term loan	0	(34,000)	0
Principal payments on term loans	(10,761)	(17,870)	(3,208)
Financing costs	0	(2,834)	0
Contingent consideration paid	(7,500)	0	0
Treasury stock purchases	(3,141)	(4,013)	(4,844)
Dividends paid	(1,993)	(1,877)	(2,780)
Distributions to members	0	0	(605)
Capital lease obligation payments	(277)	(231)	0
Net cash (used in) provided by financing activities	(16,172)	117,675	804
Net increase (decrease) in cash and cash equivalents	1,151	(25,656)	3,879
Cash and cash equivalents at beginning of the period	5,474	31,130	27,251
Cash and cash equivalents at end of the period	6,625	5,474	31,130
Supplemental disclosure of cash flow information:
Cash paid for interest, net of amount capitalized	7,530	6,167	2,047
Cash income tax refunds, net of income taxes paid	(878)	0	0
Cash paid for income taxes, net of income tax refunds	0	5,213	1,177
Noncash Investing and Financing Items [Abstract]
Escrow deposit in other assets applied to capital expenditures	0	250	0
Property and equipment purchased with capital leases	0	37	1,400
Equipment purchased with long-term debt	$ 0	$ 0	$ 0

Description of Business and Bas

Description of Business and Basis of Presentation	12 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Description of Business and Basis of Presentation Description of Business Alico, Inc. (“Alico”), together with its subsidiaries (collectively, the “Company", "we", "us" or "our”), is a Florida agribusiness and land management company owning approximately 122,000 acres of land throughout Florida, including approximately 90,000 acres of mineral rights. The Company manages its land based upon its primary usage, and reviews its performance based upon two primary classifications - Orange Co. and Conservation and Environmental Resources . Financial results are presented based upon its three business segments ( Orange Co. , Conservation and Environmental Resources and Other Operations). Basis of Presentation The Company has prepared the accompanying financial statements on a consolidated and combined basis. These accompanying Consolidated and Combined Financial Statements, which are referred to herein as the “Financial Statements”, have been prepared in accordance with Generally Accepted Accounting Principles in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of management, the accompanying Financial Statements reflect all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation of the Company’s results as of and for the fiscal years ended September 30, 2016, 2015 and 2014. All intercompany transactions and account balances between the consolidated and combined businesses have been eliminated. Effective February 28, 2015, the Company completed the merger (“Merger”) with 734 Citrus Holdings, LLC (“Silver Nip Citrus”) pursuant to an Agreement and Plan of Merger (the “Merger Agreement”) with 734 Sub, LLC, a wholly owned subsidiary of the Company (“Merger Sub”), Silver Nip Citrus and, solely with respect to certain sections thereof, the equity holders of Silver Nip Citrus. The ownership of Silver Nip Citrus was held by 734 Agriculture, 74.89% , Mr. Clay Wilson, Chief Executive Officer of the Company, 5% and an entity controlled by Mr. Clay Wilson owned, 20.11% . As the Company and Silver Nip Citrus were under common control at the time of the Merger, it is required under U.S. GAAP to account for this common control acquisition in a manner similar to the pooling of interest method of accounting. Under this method of accounting, Alico's Consolidated and Combined Balance Sheets as of September 30, 2016 and September 30, 2015 reflect Silver Nip Citrus’ historical carryover basis in the assets and liabilities instead of reflecting the fair market value of the assets and liabilities. The Company has also retrospectively recast its financial statements to combine the operating results of the Company and Silver Nip Citrus from the date common control began, November 19, 2013. Correction of an Immaterial Error in Prior Periods In March 2016, the Company identified a $1,494,000 error related to an understatement of income tax expense for the fiscal year ended September 30, 2014. As previously noted, the Company and Silver Nip Citrus were under common control at the time of the Merger and, accordingly, we retrospectively recast our financial statements to combine the operating results of the Company and Silver Nip Citrus from the date common control began, November 19, 2013. Silver Nip Citrus had a September 30 year end for tax reporting purposes at the time of the Merger. The tax returns for the year ended September 30, 2014 and the short period ended February 28, 2015, the date of the Merger, were prepared and filed in the second quarter of fiscal 2016. The Company reviewed the as-filed tax returns in an effort to true-up the tax provision. During this review, the Company identified the error that impacts the Silver Nip Citrus financial condition and results of operations as of and for the period ended June 30, 2014. In accordance with Financial Accounting Standards Board Accounting Standards Codification 250, Accounting Changes and Error Corrections, we evaluated the materiality of the error from quantitative and qualitative perspectives. We concluded that the error was immaterial to the Company's prior period interim and annual Consolidated and Combined Financial Statements, and, accordingly no amendments to previously filed interim or annual periodic reports were required. Consequently, the Company adjusted for this error by revising its fiscal 2014 financial statements, when presented in future filings, by increasing income tax expense and its long term deferred tax liability by $1,494,000 . The Company recognized the cumulative effect of the error by increasing long term deferred tax liability and reducing additional paid-in capital by $1,494,000 and reducing diluted earnings per share by $0.20 for the fiscal year ended September 30, 2014. The pre-merger net earnings of Silver Nip Citrus are classified as additional paid-in capital in the accompanying Consolidated and Combined Balance Sheets as of September 30, 2016 and September 30, 2015. Change in Fiscal Year of Subsidiary Silver Nip Citrus’ fiscal year end was previously June 30, and their financial condition and results of operations as of and for the fiscal years ended June 30, 2015 and 2014 were included in the financial condition and results of operations of the Company as of and for the fiscal years ended September 30, 2015 and 2014 , respectively. Effective October 1, 2015, the fiscal year end for Silver Nip Citrus was changed to September 30 to reflect that of the Company. Accordingly, the Company’s financial condition as of September 30, 2016 and September 30, 2015 now includes the financial condition of Silver Nip Citrus as of September 30, 2016 and September 30, 2015 , respectively, and the Company’s results of operations for the twelve months ended months ended September 30, 2016 and 2015 now includes the Silver Nip Citrus results of operations for the twelve months ended months ended September 30, 2016 and 2015 , respectively. The impact of this change was not material to the Consolidated and Combined Financial Statements with an approximate $492,000 decrease in total assets and an approximate net loss of $596,000 for the transition period related to this change included in Stockholders' Equity at October 1, 2015. Segments Operating segments are defined in the criteria established under the Financial Accounting Standards Board - Accounting Standards Codification (“FASB ASC”) Topic 280 as components of public entities that engage in business activities from which they may earn revenues and incur expenses for which separate financial information is available and which is evaluated regularly by the Company’s chief operating decision maker (“CODM”) in deciding how to assess performance and allocate resources. For the fiscal year ended September 30, 2015 , the Company’s CODM assessed performance and allocated resources based on five operating segments: Citrus Groves, Improved Farmland, Ranch and Conservation, Agricultural Supply Chain Management and Other Operations. Effective October 1, 2015, the former Citrus Groves and Agricultural Supply Chain Management segments have been combined in Orange Co. and, as a result of the disposition of the Company's sugarcane land in fiscal year 2015, it is no longer involved in sugarcane, and the Improved Farmland segment is no longer material to its business and has been combined in Other Operations. The Company’s CODM will assess performance and allocate resources based on three operating segments: Orange Co. , Conservation and Environmental Resources and Other Operations. Disclosures related to the fiscal year ended September 30, 2015 have been revised to be consistent with the current operating segment structure. Principles of Consolidation The Financial Statements include the accounts of Alico, Inc. and the accounts of all the subsidiaries in which a controlling interest is held by the Company. The Financial Statements represent the Consolidated and Combined Balance Sheets, Statements of Operations and Comprehensive Income and Statements of Cash Flows of Alico, Inc. and its subsidiaries. Under U.S. GAAP, consolidation is generally required for investments of more than 50% of the outstanding voting stock of an investee, except when control is not held by the majority owner. The Company’s subsidiaries include: Alico Land Development, Inc., Alico-Agri, Ltd., Alico Plant World, LLC, Alico Fruit Company, LLC, Alico Citrus Nursery, LLC, Alico Chemical Sales, LLC, 734 Citrus Holdings LLC and subsidiaries, Alico Fresh Fruit LLC, Alico Skink Mitigation, LLC and Citree Holdings 1, LLC. The Company considers the criteria established under FASB ASC Topic 810, “Consolidations” in its consolidation process. All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities as of the date of the accompanying Financial Statements, the disclosure of contingent assets and liabilities in the Financial Statements and the accompanying Notes, and the reported amounts of revenues and expenses and cash flows during the periods presented. Actual results could differ from those estimates based upon future events. The Company evaluates estimates on an ongoing basis. The estimates are based on current and expected economic conditions, historical experience, the experience and judgment of the Company’s management and various other specific assumptions that the Company believes to be reasonable. The Company evaluates its assumptions and estimates on an ongoing basis and may employ outside experts to assist in the Company’s evaluations. Noncontrolling Interest in Consolidated Affiliate The Financial Statements include all assets and liabilities of the less-than- 100% -owned affiliate the Company controls, Citree Holdings I, LLC (“Citree”). Accordingly, the Company has recorded a noncontrolling interest in the equity of such entity. Citree had a net loss of $69,230 for the fiscal year ended September 30, 2016 , of which $35,307 is attributable to the Company. Citree had a net loss of $64,014 for the fiscal year ended September 30, 2015 , of which $32,647 is attributable to the Company. Recent Accounting Pronouncements In May 2014, the FASB issued Accounting Standard Update ("ASU") No. 2014-09, “Revenue from Contracts with Customers,” as a new ASC topic (Topic 606). The core principle of this ASU is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU further provides guidance for any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards (for example, lease contracts). The FASB subsequently issued ASU 2015-14 to defer the effective date of ASU 2014-09 until annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, with earlier adoption permitted. The FASB also recently issued ASU 2016-10, "Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing," and 2016-12, "Revenue from Contracts with Customers: Narrow-Scope Improvements and Practical Expedients," that clarify or amend the original Topic 606. ASU 2014-09 can be adopted using one of two retrospective transition methods: 1) retrospectively to each prior reporting period presented or 2) as a cumulative-effect adjustment as of the date of adoption. The Company has not yet selected a transition method and is currently evaluating the impact of ASU 2014-09 on the Company’s Financial Statements upon adoption. In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements - Going Concern” (Subtopic 205-40): Disclosure of Uncertainty about an Entity's Ability to Continue as a Going Concern ("ASU 2014-15"). ASU 2014-15 provides guidance that establishes management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and setting rules for how this information should be disclosed in the financial statements. This guidance is effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2016, with early adoption permitted. We will adopt this guidance on October 1, 2017 and do not expect it to have a material impact on our Financial Statements upon adoption. In February 2015, the FASB issued ASU No. 2015-02, "Consolidation" (Topic 810): Amendments to the Consolidation Process ("ASU 2015-02"). ASU 2015-02 amends the consolidation analysis for limited partnerships and other variable interest entities ("VIEs"). This guidance, which is effective for annual periods, and interim periods within those annual periods, beginning December 15, 2015, will be adopted on October 1, 2016, and is not expected to have a significant impact on our Financial Statements upon adoption. In April 2015, the FASB issued ASU No. 2015-04, “Compensation - Retirement Benefits” (Topic 715). ASU 2015-04 will allow employers with fiscal year ends that do not coincide with a calendar month end to make an accounting policy election to measure defined benefit plan assets and obligations as of the end of the month closest to their fiscal year ends (i.e., on an alternative measurement date). An employer that makes this election must consistently apply the practical expedient from year to year and to all of its defined benefit plans. ASU 2015-04 will be effective for interim and fiscal periods beginning after December 15, 2015; prospective application is required and early adoption is permitted. The Company will adopt this guidance on October 1, 2016. This guidance is not expected to have a significant impact on our Financial Statements upon adoption. In April 2015, the FASB issued ASU No. 2015-03, “Interest - Imputation of Interest” (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-.03"). ASU 2015-03 changes the presentation of debt issuance costs from an asset to a direct deduction from the related liability. This guidance, which is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years, may be early adopted for financial statements that have not been previously issued and its provisions are to be retrospectively applied as a change in accounting principle. Upon adoption, this guidance is expected to decrease Other Assets, which includes our deferred financing costs on our debt obligations, and comparably decrease Long-term debt on our Balance Sheets. This guidance is not expected to have any impact on our financial condition, results of operations or cash flows. In July 2015, the FASB issued ASU No. 2015-11, “Inventory” (Topic 330): Simplifying the Measurement of Inventory (“ASU 2015-11”). ASU 2015-11 simplifies the measurement of inventory by requiring certain inventory to be subsequently measured at the lower of cost and net realizable value. The amendments in this guidance are effective for fiscal years beginning after December 15, 2016 and for interim periods therein and are not expected to have a significant impact on our Financial Statements upon adoption. In August 2015, the FASB issued ASU No. 2015-15, “Interest—Imputation of Interest” (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements (“ASU 2015-15). In ASU 2015 -15, the SEC adds guidance to Subtopic 835-30 pursuant to the SEC Staff Announcement at the June 18, 2015 Emerging Issues Task Force meeting about the presentation and subsequent measurement of debt issuance costs associated with line-of-credit arrangements. In April 2015, the FASB issued ASU 2015-03, “Interest—Imputation of Interest” (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, which requires entities to present debt issuance costs related to a recognized debt liability as a direct deduction from the carrying amount of that debt liability. According to the SEC, the guidance in ASU 2015-03 does not address presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. Given the absence of authoritative guidance within ASU 2015-03 for debt issuance costs related to line-of-credit arrangements, the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The guidance in ASU 2015-03 is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The guidance in ASU 2015-15 is effective upon issuance. The guidance in ASU 2015-15 and ASU 2015-03 are not expected to have a significant impact on our Financial Statements upon adoption. In September 2015, the FASB issued ASU No. 2015-16, “Business Combinations” (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments (“ASU 2015-16”). ASU 2105-16 requires that (i) an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined, (ii) the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date, and (iii) an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The amendments in this Update apply to all entities that have reported provisional amounts for items in a business combination for which the accounting is incomplete by the end of the reporting period in which the combination occurs and during the measurement period have an adjustment to provisional amounts recognized. The amendments in this guidance are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The amendments in this guidance are not expected to have a significant impact on our Financial Statements upon adoption. In November 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-17, "Balance Sheet Classification of Deferred Taxes" ("ASU 2015-17"), which will require entities to present all deferred tax liabilities and assets as non-current on the balance sheet instead of separating deferred taxes into current and non-current amounts. The standard is effective for annual reporting periods beginning after December 15, 2016, and interim periods within those annual periods. Early application is permitted. The standard can be applied either prospectively to all deferred tax liabilities and assets, or retrospectively to all periods presented. As this standard impacts presentation only, the adoption of ASU 2015-17 is not expected to have an impact on our Financial Statements upon adoption. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)." This guidance will require entities that enter into leases as a lessee to recognize right-of-use assets and lease liabilities for those leases classified as operating leases under previous GAAP. The accounting applied by a lessor is largely unchanged from that applied under previous GAAP. The Company is currently evaluating the impact this guidance will have on our Financial Statements, and it will become effective for Alico at the beginning of its first quarter of fiscal 2020. In March 2016, the FASB issued ASU No. 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)." The amendment clarifies the implementation guidance for principal versus agent considerations as contained in ASU No. 2014-09, Revenue from Contracts with Customers. The guidance includes indicators to assist an entity in determining whether it controls a specified good or service before it is transferred to a customer. ASU No. 2016-08 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption of ASU No. 2016-08 is permitted but not before December 15, 2016. The Company is currently evaluating the impact of ASU No. 2016-08 on our Financial Statements. In March 2016, the FASB issued ASU 2016-09, “Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” The objective of this update is to simplify several aspects of the accounting for employee share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. This ASU is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the new guidance to determine the impact it may have on our Financial Statements. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230).” This ASU will provide guidance on the presentation and classification of specific cash flow items to improve consistency within the statement of cash flows. The effective date for adoption of this guidance would be our fiscal year beginning October 1, 2018, with early adoption permitted. The Company is currently evaluating the effect that ASU 2016-15 will have on our Financial Statements. In October 2016, the FASB issued ASU 2016-16, “Intra-Entity Transfers of Assets Other Than Inventory” (ASC Topic 740, Income Taxes), which will require an entity to recognize the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. This ASU is effective for the Company on October 1, 2018 with early adoption permitted. The Company has not yet evaluated the effect, if any, that ASU 2016-16 will have on our Financial Statements. The Company has reviewed other recently issued accounting standards which have not yet been adopted in order to determine their potential effect, if any, on the results of operations or financial condition. Based on the review of these other recently issued standards, the Company does not currently believe that any of those accounting pronouncements will have a significant effect on its current or future financial position, results of operations, cash flows or disclosures. Seasonality The Company is primarily engaged in the production of fruit for sale to citrus markets, which is of a seasonal nature, and subject to the influence of natural phenomena and wide price fluctuations. Historically, the second and third quarters of our fiscal year generally produce the majority of our annual revenue, and working capital requirements are typically greater in the first and fourth quarters of the fiscal year. The results of the reported periods herein are not necessarily indicative of the results for any other interim periods or the entire fiscal year. Summary of Significant Accounting Policies Business Combinations The Company accounts for its business acquisitions under the acquisition method of accounting as indicated in FASB ASC No. 805, “Business Combinations”, which requires the acquiring entity in a business combination to recognize the fair value of all assets acquired, liabilities assumed and any noncontrolling interest in the acquiree, and establishes the acquisition date as the fair value measurement point. Accordingly, the Company recognizes assets acquired and liabilities assumed in business combinations, including contingent assets and liabilities and noncontrolling interest in the acquiree, based on fair value estimates as of the date of acquisition. In accordance with FASB ASC No. 805, the Company recognizes and measures goodwill, if any, as of the acquisition date, as the excess of the fair value of the consideration paid over the fair value of the identified net assets acquired. When we acquire a business from an entity under common control, whereby the companies are ultimately controlled by the same party or parties both before and after the transaction, it is treated similar to the pooling of interests method of accounting. The assets and liabilities are recorded at the transferring entity’s historical cost instead of reflecting the fair value of assets and liabilities. Revenue Recognition Revenues from agricultural crops are recognized at the time the crop is harvested and delivered to the customer. Receivables from crops sold are recorded for the estimated proceeds to be received from the customer on a quarterly basis, management reviews the reasonableness of the revenues accrued based on buyers’ and processors’ advances to growers, cash and futures markets and experience in the industry. Adjustments are made throughout the year to these estimates as more current relevant information regarding the specific markets becomes available. Differences between the estimates and the final realization of revenues can be significant and can be either an increase or decrease to reported revenues. During the periods presented in this report, no material adjustments were made to the reported revenues of the Company’s crops. Alico recognizes revenues from cattle sales at the time the cattle are delivered. Alico Fruit Company, LLC ("AFC") operations primarily consist of providing supply chain management services to Alico, as well as to other citrus growers and processors in the state of Florida. AFC also purchases and resells citrus fruit; in these transactions, AFC (i) acts as a principal; (ii) takes title to the products; and (iii) has the risks and rewards of ownership, including the risk of loss for collection, delivery or returns. Therefore, AFC recognizes revenues based on the gross amounts due from customers for its marketing activities. Supply chain management services revenues are recognized when the services are performed. Cash and Cash Equivalents The Company considers cash in banks and highly liquid instruments with an original maturity of three months or less to be cash and cash equivalents. At various times throughout the fiscal year, and as of September 30, 2016 , some accounts held at financial institutions were in excess of the federally insured limit of $250,000. The Company has not experienced any losses on these accounts and believes credit risk to be minimal. Accounts receivable Accounts receivable from customers are generated from revenues based on the sale of citrus, cattle, leasing and other transactions. The Company grants credit in the course of its operations to third party customers. The Company performs periodic credit evaluations of its customers’ financial condition and generally does not require collateral. The Company provides an allowance for doubtful accounts equal to the estimated uncollectible amounts based on the aging of accounts receivable. The estimate, evaluated monthly by the Company, is based on historical collection experience, current macroeconomic climate and market conditions and a review of the current status each customer’s account. Changes in the financial viability of significant customers and worsening of economic conditions may require changes to its estimate of the recoverability of the receivables. Such changes in estimates are recorded in the period in which these changes become known. The allowance for doubtful accounts is charged to general and administrative expenses in the Consolidated and Combined Statements of Operations and Comprehensive Income. As of September 30, 2016 and 2015 , allowances for doubtful accounts were approximately $12,900 and $8,300 , respectively. The following table presents accounts receivable, net for fiscal years ended September 30, 2016 and 2015 : (in thousands) September 30, 2016 2015 Accounts receivable $ 4,753 $ 3,145 Allowance for doubtful accounts (13 ) (8 ) Accounts receivable, net $ 4,740 $ 3,137 Fair Value of Financial Instruments The carrying amounts of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their fair values due to the short term and immediate nature of these financial instruments. The carrying amounts of our debt approximate fair value due to the transactions are with commercial lenders at interest rates that vary with market conditions and fixed rates that approximate market rates for obligations with similar terms and maturities (see Note 11. “Fair Value Measurements”). Concentrations Revenues and accounts receivable from the Company’s major customers as of September 30, 2016 and 2015 and for the fiscal years ended September 30, 2016 , 2015 and 2014 , are as follows: (in thousands) Accounts Receivable Revenue % of Total Revenue 2016 2015 2016 2015 2014 2016 2015 2014 USSC $ — $ — $ — $ — $ 19,633 — % — % 18.9 % Florida Orange Marketers, Inc. $ — $ — $ — $ — $ 23,826 — % — % 22.9 % Citrosuco North America, Inc. $ — $ — $ 1,296 $ 3,870 $ 804 0.9 % 2.5 % 0.8 % Louis Dreyfus $ — $ — $ — $ 22,460 $ 24,135 — % 14.7 % 23.2 % Cutrale Citrus Juice $ — $ — $ 22,735 $ 23,556 $ 3,984 15.8 % 15.4 % 3.8 % Minute Maid $ — $ — $ 49,271 $ 57,484 $ — 34.2 % 37.5 % — % Tropicana $ 1,710 $ 1,019 $ 46,898 $ 21,925 $ 16,433 32.5 % 14.3 % 15.8 % The citrus industry is subject to various factors over which growers have limited or no control, including weather conditions, disease, pestilence, water supply and market price fluctuations. Market prices are highly sensitive to aggregate domestic and foreign crop sizes, as well as factors including, but not limited to, weather and competition from foreign countries. Real Estate In recognizing revenues from land sales, the Company applies specific revenue recognition criteria, in accordance with U.S. GAAP, to determine when land sales revenues can be recorded. For example, in order to fully recognize a gain resulting from a real estate transaction, the sale must be consummated with a sufficient down payment of at least 20% to 25% of the sales price depending upon the type and timeframe for development of the property sold and any receivable from the sale cannot be subject to future subordination. In addition, the seller cannot retain any material continuing involvement in the property sold. When these criteria are not met, the Company recognizes a gain proportionate to collections utilizing either the installment method or deposit method as appropriate. Inventories The costs of growing crops, including but not limited to labor, fertilization, fuel, crop nutrition and irrigation, are capitalized into inventory throughout the respective crop year. Such costs are expensed as cost of sales when the crops are harvested and are recorded as operating expenses in the Consolidated and Combined Statements of Operations and Comprehensive Income. Inventories are stated at the lower of cost or net realizable value. The cost for unharvested citrus crops is based on accumulated production costs incurred during the period from January 1 through the balance sheet date. The cost of the beef cattle inventory is based on the accumulated cost of developing such animals for sale from July 1 through the balance sheet date (see Note 6. “Inventories”). Property and Equipment Property and equipment, which includes amounts under capitalized leases, are stated at cost, net of accumulated depreciation and amortization. Major improvements are capitalized while expenditures for maintenance and repairs are expensed when incurred. Costs related to the development of citrus groves through planting of trees are capitalized. Such costs include land clearing, excavation and construction of ditches, dikes, roads, and reservoirs, among other costs. After the planting, caretaking costs or pre-productive maintenance costs are capitalized for four years. After

Summary of Significant Account

Summary of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Description of Business and Basis of Presentation Description of Business Alico, Inc. (“Alico”), together with its subsidiaries (collectively, the “Company", "we", "us" or "our”), is a Florida agribusiness and land management company owning approximately 122,000 acres of land throughout Florida, including approximately 90,000 acres of mineral rights. The Company manages its land based upon its primary usage, and reviews its performance based upon two primary classifications - Orange Co. and Conservation and Environmental Resources . Financial results are presented based upon its three business segments ( Orange Co. , Conservation and Environmental Resources and Other Operations). Basis of Presentation The Company has prepared the accompanying financial statements on a consolidated and combined basis. These accompanying Consolidated and Combined Financial Statements, which are referred to herein as the “Financial Statements”, have been prepared in accordance with Generally Accepted Accounting Principles in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of management, the accompanying Financial Statements reflect all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation of the Company’s results as of and for the fiscal years ended September 30, 2016, 2015 and 2014. All intercompany transactions and account balances between the consolidated and combined businesses have been eliminated. Effective February 28, 2015, the Company completed the merger (“Merger”) with 734 Citrus Holdings, LLC (“Silver Nip Citrus”) pursuant to an Agreement and Plan of Merger (the “Merger Agreement”) with 734 Sub, LLC, a wholly owned subsidiary of the Company (“Merger Sub”), Silver Nip Citrus and, solely with respect to certain sections thereof, the equity holders of Silver Nip Citrus. The ownership of Silver Nip Citrus was held by 734 Agriculture, 74.89% , Mr. Clay Wilson, Chief Executive Officer of the Company, 5% and an entity controlled by Mr. Clay Wilson owned, 20.11% . As the Company and Silver Nip Citrus were under common control at the time of the Merger, it is required under U.S. GAAP to account for this common control acquisition in a manner similar to the pooling of interest method of accounting. Under this method of accounting, Alico's Consolidated and Combined Balance Sheets as of September 30, 2016 and September 30, 2015 reflect Silver Nip Citrus’ historical carryover basis in the assets and liabilities instead of reflecting the fair market value of the assets and liabilities. The Company has also retrospectively recast its financial statements to combine the operating results of the Company and Silver Nip Citrus from the date common control began, November 19, 2013. Correction of an Immaterial Error in Prior Periods In March 2016, the Company identified a $1,494,000 error related to an understatement of income tax expense for the fiscal year ended September 30, 2014. As previously noted, the Company and Silver Nip Citrus were under common control at the time of the Merger and, accordingly, we retrospectively recast our financial statements to combine the operating results of the Company and Silver Nip Citrus from the date common control began, November 19, 2013. Silver Nip Citrus had a September 30 year end for tax reporting purposes at the time of the Merger. The tax returns for the year ended September 30, 2014 and the short period ended February 28, 2015, the date of the Merger, were prepared and filed in the second quarter of fiscal 2016. The Company reviewed the as-filed tax returns in an effort to true-up the tax provision. During this review, the Company identified the error that impacts the Silver Nip Citrus financial condition and results of operations as of and for the period ended June 30, 2014. In accordance with Financial Accounting Standards Board Accounting Standards Codification 250, Accounting Changes and Error Corrections, we evaluated the materiality of the error from quantitative and qualitative perspectives. We concluded that the error was immaterial to the Company's prior period interim and annual Consolidated and Combined Financial Statements, and, accordingly no amendments to previously filed interim or annual periodic reports were required. Consequently, the Company adjusted for this error by revising its fiscal 2014 financial statements, when presented in future filings, by increasing income tax expense and its long term deferred tax liability by $1,494,000 . The Company recognized the cumulative effect of the error by increasing long term deferred tax liability and reducing additional paid-in capital by $1,494,000 and reducing diluted earnings per share by $0.20 for the fiscal year ended September 30, 2014. The pre-merger net earnings of Silver Nip Citrus are classified as additional paid-in capital in the accompanying Consolidated and Combined Balance Sheets as of September 30, 2016 and September 30, 2015. Change in Fiscal Year of Subsidiary Silver Nip Citrus’ fiscal year end was previously June 30, and their financial condition and results of operations as of and for the fiscal years ended June 30, 2015 and 2014 were included in the financial condition and results of operations of the Company as of and for the fiscal years ended September 30, 2015 and 2014 , respectively. Effective October 1, 2015, the fiscal year end for Silver Nip Citrus was changed to September 30 to reflect that of the Company. Accordingly, the Company’s financial condition as of September 30, 2016 and September 30, 2015 now includes the financial condition of Silver Nip Citrus as of September 30, 2016 and September 30, 2015 , respectively, and the Company’s results of operations for the twelve months ended months ended September 30, 2016 and 2015 now includes the Silver Nip Citrus results of operations for the twelve months ended months ended September 30, 2016 and 2015 , respectively. The impact of this change was not material to the Consolidated and Combined Financial Statements with an approximate $492,000 decrease in total assets and an approximate net loss of $596,000 for the transition period related to this change included in Stockholders' Equity at October 1, 2015. Segments Operating segments are defined in the criteria established under the Financial Accounting Standards Board - Accounting Standards Codification (“FASB ASC”) Topic 280 as components of public entities that engage in business activities from which they may earn revenues and incur expenses for which separate financial information is available and which is evaluated regularly by the Company’s chief operating decision maker (“CODM”) in deciding how to assess performance and allocate resources. For the fiscal year ended September 30, 2015 , the Company’s CODM assessed performance and allocated resources based on five operating segments: Citrus Groves, Improved Farmland, Ranch and Conservation, Agricultural Supply Chain Management and Other Operations. Effective October 1, 2015, the former Citrus Groves and Agricultural Supply Chain Management segments have been combined in Orange Co. and, as a result of the disposition of the Company's sugarcane land in fiscal year 2015, it is no longer involved in sugarcane, and the Improved Farmland segment is no longer material to its business and has been combined in Other Operations. The Company’s CODM will assess performance and allocate resources based on three operating segments: Orange Co. , Conservation and Environmental Resources and Other Operations. Disclosures related to the fiscal year ended September 30, 2015 have been revised to be consistent with the current operating segment structure. Principles of Consolidation The Financial Statements include the accounts of Alico, Inc. and the accounts of all the subsidiaries in which a controlling interest is held by the Company. The Financial Statements represent the Consolidated and Combined Balance Sheets, Statements of Operations and Comprehensive Income and Statements of Cash Flows of Alico, Inc. and its subsidiaries. Under U.S. GAAP, consolidation is generally required for investments of more than 50% of the outstanding voting stock of an investee, except when control is not held by the majority owner. The Company’s subsidiaries include: Alico Land Development, Inc., Alico-Agri, Ltd., Alico Plant World, LLC, Alico Fruit Company, LLC, Alico Citrus Nursery, LLC, Alico Chemical Sales, LLC, 734 Citrus Holdings LLC and subsidiaries, Alico Fresh Fruit LLC, Alico Skink Mitigation, LLC and Citree Holdings 1, LLC. The Company considers the criteria established under FASB ASC Topic 810, “Consolidations” in its consolidation process. All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities as of the date of the accompanying Financial Statements, the disclosure of contingent assets and liabilities in the Financial Statements and the accompanying Notes, and the reported amounts of revenues and expenses and cash flows during the periods presented. Actual results could differ from those estimates based upon future events. The Company evaluates estimates on an ongoing basis. The estimates are based on current and expected economic conditions, historical experience, the experience and judgment of the Company’s management and various other specific assumptions that the Company believes to be reasonable. The Company evaluates its assumptions and estimates on an ongoing basis and may employ outside experts to assist in the Company’s evaluations. Noncontrolling Interest in Consolidated Affiliate The Financial Statements include all assets and liabilities of the less-than- 100% -owned affiliate the Company controls, Citree Holdings I, LLC (“Citree”). Accordingly, the Company has recorded a noncontrolling interest in the equity of such entity. Citree had a net loss of $69,230 for the fiscal year ended September 30, 2016 , of which $35,307 is attributable to the Company. Citree had a net loss of $64,014 for the fiscal year ended September 30, 2015 , of which $32,647 is attributable to the Company. Recent Accounting Pronouncements In May 2014, the FASB issued Accounting Standard Update ("ASU") No. 2014-09, “Revenue from Contracts with Customers,” as a new ASC topic (Topic 606). The core principle of this ASU is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU further provides guidance for any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards (for example, lease contracts). The FASB subsequently issued ASU 2015-14 to defer the effective date of ASU 2014-09 until annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, with earlier adoption permitted. The FASB also recently issued ASU 2016-10, "Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing," and 2016-12, "Revenue from Contracts with Customers: Narrow-Scope Improvements and Practical Expedients," that clarify or amend the original Topic 606. ASU 2014-09 can be adopted using one of two retrospective transition methods: 1) retrospectively to each prior reporting period presented or 2) as a cumulative-effect adjustment as of the date of adoption. The Company has not yet selected a transition method and is currently evaluating the impact of ASU 2014-09 on the Company’s Financial Statements upon adoption. In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements - Going Concern” (Subtopic 205-40): Disclosure of Uncertainty about an Entity's Ability to Continue as a Going Concern ("ASU 2014-15"). ASU 2014-15 provides guidance that establishes management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and setting rules for how this information should be disclosed in the financial statements. This guidance is effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2016, with early adoption permitted. We will adopt this guidance on October 1, 2017 and do not expect it to have a material impact on our Financial Statements upon adoption. In February 2015, the FASB issued ASU No. 2015-02, "Consolidation" (Topic 810): Amendments to the Consolidation Process ("ASU 2015-02"). ASU 2015-02 amends the consolidation analysis for limited partnerships and other variable interest entities ("VIEs"). This guidance, which is effective for annual periods, and interim periods within those annual periods, beginning December 15, 2015, will be adopted on October 1, 2016, and is not expected to have a significant impact on our Financial Statements upon adoption. In April 2015, the FASB issued ASU No. 2015-04, “Compensation - Retirement Benefits” (Topic 715). ASU 2015-04 will allow employers with fiscal year ends that do not coincide with a calendar month end to make an accounting policy election to measure defined benefit plan assets and obligations as of the end of the month closest to their fiscal year ends (i.e., on an alternative measurement date). An employer that makes this election must consistently apply the practical expedient from year to year and to all of its defined benefit plans. ASU 2015-04 will be effective for interim and fiscal periods beginning after December 15, 2015; prospective application is required and early adoption is permitted. The Company will adopt this guidance on October 1, 2016. This guidance is not expected to have a significant impact on our Financial Statements upon adoption. In April 2015, the FASB issued ASU No. 2015-03, “Interest - Imputation of Interest” (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-.03"). ASU 2015-03 changes the presentation of debt issuance costs from an asset to a direct deduction from the related liability. This guidance, which is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years, may be early adopted for financial statements that have not been previously issued and its provisions are to be retrospectively applied as a change in accounting principle. Upon adoption, this guidance is expected to decrease Other Assets, which includes our deferred financing costs on our debt obligations, and comparably decrease Long-term debt on our Balance Sheets. This guidance is not expected to have any impact on our financial condition, results of operations or cash flows. In July 2015, the FASB issued ASU No. 2015-11, “Inventory” (Topic 330): Simplifying the Measurement of Inventory (“ASU 2015-11”). ASU 2015-11 simplifies the measurement of inventory by requiring certain inventory to be subsequently measured at the lower of cost and net realizable value. The amendments in this guidance are effective for fiscal years beginning after December 15, 2016 and for interim periods therein and are not expected to have a significant impact on our Financial Statements upon adoption. In August 2015, the FASB issued ASU No. 2015-15, “Interest—Imputation of Interest” (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements (“ASU 2015-15). In ASU 2015 -15, the SEC adds guidance to Subtopic 835-30 pursuant to the SEC Staff Announcement at the June 18, 2015 Emerging Issues Task Force meeting about the presentation and subsequent measurement of debt issuance costs associated with line-of-credit arrangements. In April 2015, the FASB issued ASU 2015-03, “Interest—Imputation of Interest” (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, which requires entities to present debt issuance costs related to a recognized debt liability as a direct deduction from the carrying amount of that debt liability. According to the SEC, the guidance in ASU 2015-03 does not address presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. Given the absence of authoritative guidance within ASU 2015-03 for debt issuance costs related to line-of-credit arrangements, the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The guidance in ASU 2015-03 is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The guidance in ASU 2015-15 is effective upon issuance. The guidance in ASU 2015-15 and ASU 2015-03 are not expected to have a significant impact on our Financial Statements upon adoption. In September 2015, the FASB issued ASU No. 2015-16, “Business Combinations” (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments (“ASU 2015-16”). ASU 2105-16 requires that (i) an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined, (ii) the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date, and (iii) an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The amendments in this Update apply to all entities that have reported provisional amounts for items in a business combination for which the accounting is incomplete by the end of the reporting period in which the combination occurs and during the measurement period have an adjustment to provisional amounts recognized. The amendments in this guidance are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The amendments in this guidance are not expected to have a significant impact on our Financial Statements upon adoption. In November 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-17, "Balance Sheet Classification of Deferred Taxes" ("ASU 2015-17"), which will require entities to present all deferred tax liabilities and assets as non-current on the balance sheet instead of separating deferred taxes into current and non-current amounts. The standard is effective for annual reporting periods beginning after December 15, 2016, and interim periods within those annual periods. Early application is permitted. The standard can be applied either prospectively to all deferred tax liabilities and assets, or retrospectively to all periods presented. As this standard impacts presentation only, the adoption of ASU 2015-17 is not expected to have an impact on our Financial Statements upon adoption. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)." This guidance will require entities that enter into leases as a lessee to recognize right-of-use assets and lease liabilities for those leases classified as operating leases under previous GAAP. The accounting applied by a lessor is largely unchanged from that applied under previous GAAP. The Company is currently evaluating the impact this guidance will have on our Financial Statements, and it will become effective for Alico at the beginning of its first quarter of fiscal 2020. In March 2016, the FASB issued ASU No. 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)." The amendment clarifies the implementation guidance for principal versus agent considerations as contained in ASU No. 2014-09, Revenue from Contracts with Customers. The guidance includes indicators to assist an entity in determining whether it controls a specified good or service before it is transferred to a customer. ASU No. 2016-08 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption of ASU No. 2016-08 is permitted but not before December 15, 2016. The Company is currently evaluating the impact of ASU No. 2016-08 on our Financial Statements. In March 2016, the FASB issued ASU 2016-09, “Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” The objective of this update is to simplify several aspects of the accounting for employee share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. This ASU is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the new guidance to determine the impact it may have on our Financial Statements. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230).” This ASU will provide guidance on the presentation and classification of specific cash flow items to improve consistency within the statement of cash flows. The effective date for adoption of this guidance would be our fiscal year beginning October 1, 2018, with early adoption permitted. The Company is currently evaluating the effect that ASU 2016-15 will have on our Financial Statements. In October 2016, the FASB issued ASU 2016-16, “Intra-Entity Transfers of Assets Other Than Inventory” (ASC Topic 740, Income Taxes), which will require an entity to recognize the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. This ASU is effective for the Company on October 1, 2018 with early adoption permitted. The Company has not yet evaluated the effect, if any, that ASU 2016-16 will have on our Financial Statements. The Company has reviewed other recently issued accounting standards which have not yet been adopted in order to determine their potential effect, if any, on the results of operations or financial condition. Based on the review of these other recently issued standards, the Company does not currently believe that any of those accounting pronouncements will have a significant effect on its current or future financial position, results of operations, cash flows or disclosures. Seasonality The Company is primarily engaged in the production of fruit for sale to citrus markets, which is of a seasonal nature, and subject to the influence of natural phenomena and wide price fluctuations. Historically, the second and third quarters of our fiscal year generally produce the majority of our annual revenue, and working capital requirements are typically greater in the first and fourth quarters of the fiscal year. The results of the reported periods herein are not necessarily indicative of the results for any other interim periods or the entire fiscal year. Summary of Significant Accounting Policies Business Combinations The Company accounts for its business acquisitions under the acquisition method of accounting as indicated in FASB ASC No. 805, “Business Combinations”, which requires the acquiring entity in a business combination to recognize the fair value of all assets acquired, liabilities assumed and any noncontrolling interest in the acquiree, and establishes the acquisition date as the fair value measurement point. Accordingly, the Company recognizes assets acquired and liabilities assumed in business combinations, including contingent assets and liabilities and noncontrolling interest in the acquiree, based on fair value estimates as of the date of acquisition. In accordance with FASB ASC No. 805, the Company recognizes and measures goodwill, if any, as of the acquisition date, as the excess of the fair value of the consideration paid over the fair value of the identified net assets acquired. When we acquire a business from an entity under common control, whereby the companies are ultimately controlled by the same party or parties both before and after the transaction, it is treated similar to the pooling of interests method of accounting. The assets and liabilities are recorded at the transferring entity’s historical cost instead of reflecting the fair value of assets and liabilities. Revenue Recognition Revenues from agricultural crops are recognized at the time the crop is harvested and delivered to the customer. Receivables from crops sold are recorded for the estimated proceeds to be received from the customer on a quarterly basis, management reviews the reasonableness of the revenues accrued based on buyers’ and processors’ advances to growers, cash and futures markets and experience in the industry. Adjustments are made throughout the year to these estimates as more current relevant information regarding the specific markets becomes available. Differences between the estimates and the final realization of revenues can be significant and can be either an increase or decrease to reported revenues. During the periods presented in this report, no material adjustments were made to the reported revenues of the Company’s crops. Alico recognizes revenues from cattle sales at the time the cattle are delivered. Alico Fruit Company, LLC ("AFC") operations primarily consist of providing supply chain management services to Alico, as well as to other citrus growers and processors in the state of Florida. AFC also purchases and resells citrus fruit; in these transactions, AFC (i) acts as a principal; (ii) takes title to the products; and (iii) has the risks and rewards of ownership, including the risk of loss for collection, delivery or returns. Therefore, AFC recognizes revenues based on the gross amounts due from customers for its marketing activities. Supply chain management services revenues are recognized when the services are performed. Cash and Cash Equivalents The Company considers cash in banks and highly liquid instruments with an original maturity of three months or less to be cash and cash equivalents. At various times throughout the fiscal year, and as of September 30, 2016 , some accounts held at financial institutions were in excess of the federally insured limit of $250,000. The Company has not experienced any losses on these accounts and believes credit risk to be minimal. Accounts receivable Accounts receivable from customers are generated from revenues based on the sale of citrus, cattle, leasing and other transactions. The Company grants credit in the course of its operations to third party customers. The Company performs periodic credit evaluations of its customers’ financial condition and generally does not require collateral. The Company provides an allowance for doubtful accounts equal to the estimated uncollectible amounts based on the aging of accounts receivable. The estimate, evaluated monthly by the Company, is based on historical collection experience, current macroeconomic climate and market conditions and a review of the current status each customer’s account. Changes in the financial viability of significant customers and worsening of economic conditions may require changes to its estimate of the recoverability of the receivables. Such changes in estimates are recorded in the period in which these changes become known. The allowance for doubtful accounts is charged to general and administrative expenses in the Consolidated and Combined Statements of Operations and Comprehensive Income. As of September 30, 2016 and 2015 , allowances for doubtful accounts were approximately $12,900 and $8,300 , respectively. The following table presents accounts receivable, net for fiscal years ended September 30, 2016 and 2015 : (in thousands) September 30, 2016 2015 Accounts receivable $ 4,753 $ 3,145 Allowance for doubtful accounts (13 ) (8 ) Accounts receivable, net $ 4,740 $ 3,137 Fair Value of Financial Instruments The carrying amounts of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their fair values due to the short term and immediate nature of these financial instruments. The carrying amounts of our debt approximate fair value due to the transactions are with commercial lenders at interest rates that vary with market conditions and fixed rates that approximate market rates for obligations with similar terms and maturities (see Note 11. “Fair Value Measurements”). Concentrations Revenues and accounts receivable from the Company’s major customers as of September 30, 2016 and 2015 and for the fiscal years ended September 30, 2016 , 2015 and 2014 , are as follows: (in thousands) Accounts Receivable Revenue % of Total Revenue 2016 2015 2016 2015 2014 2016 2015 2014 USSC $ — $ — $ — $ — $ 19,633 — % — % 18.9 % Florida Orange Marketers, Inc. $ — $ — $ — $ — $ 23,826 — % — % 22.9 % Citrosuco North America, Inc. $ — $ — $ 1,296 $ 3,870 $ 804 0.9 % 2.5 % 0.8 % Louis Dreyfus $ — $ — $ — $ 22,460 $ 24,135 — % 14.7 % 23.2 % Cutrale Citrus Juice $ — $ — $ 22,735 $ 23,556 $ 3,984 15.8 % 15.4 % 3.8 % Minute Maid $ — $ — $ 49,271 $ 57,484 $ — 34.2 % 37.5 % — % Tropicana $ 1,710 $ 1,019 $ 46,898 $ 21,925 $ 16,433 32.5 % 14.3 % 15.8 % The citrus industry is subject to various factors over which growers have limited or no control, including weather conditions, disease, pestilence, water supply and market price fluctuations. Market prices are highly sensitive to aggregate domestic and foreign crop sizes, as well as factors including, but not limited to, weather and competition from foreign countries. Real Estate In recognizing revenues from land sales, the Company applies specific revenue recognition criteria, in accordance with U.S. GAAP, to determine when land sales revenues can be recorded. For example, in order to fully recognize a gain resulting from a real estate transaction, the sale must be consummated with a sufficient down payment of at least 20% to 25% of the sales price depending upon the type and timeframe for development of the property sold and any receivable from the sale cannot be subject to future subordination. In addition, the seller cannot retain any material continuing involvement in the property sold. When these criteria are not met, the Company recognizes a gain proportionate to collections utilizing either the installment method or deposit method as appropriate. Inventories The costs of growing crops, including but not limited to labor, fertilization, fuel, crop nutrition and irrigation, are capitalized into inventory throughout the respective crop year. Such costs are expensed as cost of sales when the crops are harvested and are recorded as operating expenses in the Consolidated and Combined Statements of Operations and Comprehensive Income. Inventories are stated at the lower of cost or net realizable value. The cost for unharvested citrus crops is based on accumulated production costs incurred during the period from January 1 through the balance sheet date. The cost of the beef cattle inventory is based on the accumulated cost of developing such animals for sale from July 1 through the balance sheet date (see Note 6. “Inventories”). Property and Equipment Property and equipment, which includes amounts under capitalized leases, are stated at cost, net of accumulated depreciation and amortization. Major improvements are capitalized while expenditures for maintenance and repairs are expensed when incurred. Costs related to the development of citrus groves through planting of trees are capitalized. Such costs include land clearing, excavation and construction of ditches, dikes, roads, and reservoirs, among other costs. After the planting, caretaking costs or pre-productive maintenance costs are capitalized for four years. After

Acquisitions and Dispositions

Acquisitions and Dispositions	12 Months Ended
	Sep. 30, 2016
Business Combinations [Abstract]
Acquisitions and Dispositions	Acquisitions and Dispositions Acquisition of Orange-Co, LP Assets On December 2, 2014 , the Company completed the acquisition of certain citrus and related assets of Orange-Co, LP, including 51% of the ownership interests of Citree, pursuant to an Asset Purchase Agreement, which is referred to as the Orange-Co Purchase Agreement, dated as of December 1, 2014 . The assets the Company purchased include approximately 20,263 acres of citrus groves in DeSoto and Charlotte Counties, Florida, which comprise one of the largest contiguous citrus grove properties in the state of Florida. Total assets acquired were approximately $277,792,000 , net of approximately $2,060,000 in cash acquired and approximately $4,838,000 in fair value attributable to noncontrolling interest in Citree, including: (i) approximately $147,500,000 in initial cash consideration funded from the proceeds of the sugarcane disposition and new term loan debt; (ii) $7,500,000 in additional cash consideration released from escrow in equal parts, subject to certain limitations, on December 1, 2015 and June 1, 2016 ; (iii) the refinancing of Orange-Co, LP’s outstanding debt including approximately $92,290,000 in term loan debt and a working capital facility of approximately $27,857,000 and (iv) the assumption of certain other liabilities totaling approximately $4,705,000 . On December 1, 2014 , Alico deposited an irrevocable standby letter of credit issued by Rabo Agrifinance, Inc. in the aggregate amount of $7,500,000 into an escrow account to fund the additional cash consideration. On December 1, 2015 and June 1, 2016, the Company paid $3,750,000 of additional consideration, as contemplated by the Orange-Co Purchase Agreement. The Company's $3,750,000 irrevocable letter of credit securing the final payment of the additional consideration was terminated following the final cash consideration payment. This acquisition was accounted for under the acquisition method of accounting. Accordingly, the Company recognized amounts for identifiable assets acquired and liabilities assumed at their estimated acquisition date fair values, while transaction and integration costs associated with the acquisition were expensed as incurred. The excess of the purchase price over the fair value of assets acquired, net of liabilities assumed, and noncontrolling interests is recognized as goodwill. All goodwill recognized will be deductible for income tax purposes. For the fiscal years ended September 30, 2016 and 2015 the Company incurred approximately $31,000 and $3,078,000 , respectively, in professional and legal costs in connection with the Orange-Co acquisition. These costs are included in general and administrative expenses in the Consolidated and Combined Statements of Operations and Comprehensive Income. 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 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 Acquisition of Citrus Grove - Crossing Grove On August 8, 2014, the Company and Premiere Agricultural Properties, LLC entered into a Purchase and Sale Agreement pursuant to which the Company purchased all of the assets on a 1,241 acre citrus grove ( 867 net tree acres) in DeSoto County, Florida for a purchase price of approximately $16,517,000 (the "Crossing Grove Transaction"). The transaction was closed on September 23, 2014. The purchase price was funded from the Company’s cash and $5,300,000 in funds from a 2014 like-kind exchange transaction in Polk County pursuant to Internal Revenue Code Section 1031. We acquired the citrus acres to increase the size of our citrus groves, which we believe strengthens our market position. The assets acquired in the acquisition were recorded in the quarter ended September 30, 2014. The results of operations have been included in our Consolidated and Combined Statements of Operations and Comprehensive Income since September 23, 2014, the date of closing. Pro-forma operating results, as if the Company had completed the acquisition at the beginning of the periods presented, are not significant to the Company’s Consolidated and Combined Statements of Operations and Comprehensive Income and are not presented. Assets acquired in the acquisition are as follows: (in thousands) Amount Inventories $ 1,148 Property and Equipment: Citrus Trees 9,633 Land 3,902 Equipment and other facilities 1,834 Total cash paid $ 16,517 Acquisition of Citrus Grove - TRB In September 2014, Silver Nip Citrus and TRB Groves, LLC (“TRB”) entered into a Purchase and Sale Agreement pursuant to which Silver Nip Citrus purchased all of TRB’s assets on a 1,500 acre citrus grove in Charlotte County, Florida for a purchase price of approximately $17,130,000 . The assets purchased included land and fruit inventory as well as irrigation and other equipment. The purchase price was funded from Silver Nip Citrus’ cash and additional financing of $11,000,000 (see Note 5. “Long-Term Debt and Lines of Credit”) in fixed rate term loans. The citrus grove acres were purchased to increase the size of the Silver Nip Citrus’ citrus groves to strengthen their market position. This acquisition was accounted for under the acquisition method of accounting. Accordingly, Silver Nip Citrus recognized amounts for identifiable assets acquired and liabilities assumed at their estimated acquisition date fair values, while transaction costs associated with the acquisition were expensed as incurred. The excess of the fair value over the purchase price of assets acquired, net of liabilities assumed, is recognized as a gain on bargain purchase of $1,145,300 and is included in Other income (expense), net in the Consolidated and Combined Statements of Operations and Comprehensive Income for the fiscal year ended September 30, 2015 . For the fiscal year ended September 30, 2015 , Silver Nip Citrus incurred approximately $525,000 in professional and legal costs in connection with the TRB acquisition. These costs are included in general and administrative expenses in the Consolidated and Combined Statements of Operations and Comprehensive Income for the fiscal year ended September 30, 2015 . The following table summarizes the consideration paid for the acquired net assets and the acquisition accounting for the fair values of the assets acquired and liabilities assumed in the accompanying Consolidated and Combined Balance Sheets as of the acquisition date. The results of operations have been included in our Consolidated and Combined Financial Statements since September 4, 2014, the date of the closing. Pro-forma operating results, as if Silver Nip Citrus had completed the TRB acquisition at the beginning of the periods presented, are not significant to our Financial Statements and are not presented. Assets acquired and liabilities assumed in the TRB acquisition are as follows: (in thousands) Assets: Amount Prepaid expenses $ 90 Inventories 2,155 Property and equipment: Citrus trees 10,009 Land and land improvements 5,007 Equipment and other facilities 1,038 Total assets $ 18,299 Liabilities: $ 41 Assets acquired less liabilities assumed $ 18,258 Sugarcane Land Disposition On November 21, 2014 , the Company completed the sale of approximately 36,000 acres of land used for sugarcane production and land leasing in Hendry County, Florida to Global Ag Properties, LLC (“Global”) for approximately $97,900,000 in cash. It had previously leased approximately 30,600 of these acres to United States Sugar Corporation (the “USSC Lease”). The USSC Lease was assigned to Global in conjunction with the land sale. Net cash proceeds from the sugarcane land sale of approximately $97,126,000 were deposited with a Qualified Intermediary in anticipation of the Orange-Co asset acquisition in a tax deferred like-kind exchange, pursuant to Internal Revenue Code Section 1031. The sales price is subject to post-closing adjustments over a ten year period. The Company realized a gain of approximately $42,753,000 on the sale. Initially, $29,140,000 of the gain was deferred due to the Company’s continuing involvement in the property pursuant to a post-closing agreement and the potential price adjustments. The deferral represents the Company’s estimate of the maximum exposure to loss as a result of the continuing involvement (see below). A net gain of approximately $13,613,000 was recognized at the time of the sale and is recognized in Other (expense) income in the Consolidated and Combined Statements of Operations and Comprehensive Income for the fiscal year ended September 30, 2015 . The Company estimated its maximum exposure to loss over the ten year period to total approximately $42,172,000 on an aggregate undiscounted basis. This estimated maximum exposure to loss was discounted at five percent to determine the initial deferred gain. In May 2016 and 2015 , the Company made payments of $1,702,000 and $1,347,000 , respectively, to Global pursuant to the sales contract. The amount of USSC’s lease is tied to the market price of sugar, and the Company's payment is required annually in advance, to supplement the lease paid by USSC in the event that the sugar prices are below certain thresholds. The 2015 sugar price remained below the threshold and therefore none of the amount advanced in 2015 will be returned to the Company. Approximately $1,236,000 of advance payments is included in prepaid expenses and other current assets in the Consolidated and Combined Balance Sheet as of September 30, 2016 , and the Company has recognized approximately $1,406,000 in interest expense and approximately $618,000 of the deferred gain for the fiscal year ended September 30, 2016 . Estimated payments over the remaining term of the post-closing agreement are summarized in the following table. (in thousands) 2017 $ 1,602 2018 1,527 2019 1,885 2020 2,266 2021 2,668 Thereafter 20,723 Total $ 30,671 As a result of the disposition of its sugarcane land, the Company is no longer involved in sugarcane operations and, as of November 21, 2014 , the Improved Farmland segment was no longer material to our business; however, the sugarcane operation has not been classified as a discontinued operation due to the post-closing adjustments, amongst other involvement, as described above. Effective October 1, 2015, the Improved Farmland reporting segment is now included in the Other Operations reporting segment. Property Sales Certain Silver Nip Citrus land located in Martin County with a cost of approximately $2,832,000 was sold during fiscal year 2014, resulting in a gain on sale of assets of approximately $2,927,000 with net cash proceeds of approximately $5,759,000 . On July 1, 2014, the Company sold a 2,800 acre parcel of land located in Polk County, Florida for $5,623,000 . This parcel was surplus to our operations and was classified as held for sale. This sale was part of a like-kind exchange transaction that qualified for tax-deferral treatment in accordance with Internal Revenue Code Section 1031.

Common Control Acquisition

Common Control Acquisition	12 Months Ended
	Sep. 30, 2016
Business Combinations [Abstract]
Common Control Acquisition	Common Control Acquisition The Company completed the Merger with Silver Nip Citrus on February 28, 2015 (see Note 1. “Description of Business and Basis of Presentation”). Silver Nip Citrus owns approximately 7,400 acres of land, consisting primarily of citrus groves, in seven Florida counties (Polk, Hardee, Osceola, Martin, Highlands, Charlotte and Collier). Substantially all of its revenues derive from citrus operations. As the Company and Silver Nip Citrus were under common control at the time of the Merger, the results of operations have been combined for the Company and Silver Nip Citrus from the date common control began, November 19, 2013 . Separate results for the Company and Silver Nip Citrus for the fiscal years ended September 30, 2015 and 2014 were as follows: (in thousands except per share amounts) Fiscal Year Ended Fiscal Year Ended September 30, 2015 September 30, 2014 Silver Nip Silver Nip Alico Citrus Total Alico Citrus Total Operating revenue $ 131,722 $ 21,404 $ 153,126 $ 88,680 $ 15,323 $ 104,003 Gross profit $ 31,212 $ 4,787 $ 35,999 $ 18,297 $ 2,897 $ 21,194 Income from operations $ 15,654 $ 3,851 $ 19,505 $ 7,856 $ 1,527 $ 9,383 Net income $ 9,791 $ 3,392 $ 13,183 $ 8,050 $ 1,445 $ 9,495 Earnings per common share: Basic $ 1.20 $ 0.42 $ 1.64 $ 1.10 $ 0.20 $ 1.29 Diluted $ 1.22 $ 0.42 $ 1.64 $ 1.10 $ 0.20 $ 1.29

Long-Term Debt and Lines of Cre

Long-Term Debt and Lines of Credit	12 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Long-Term Debt and Lines of Credit	Long-Term Debt and Lines of Credit September 30, 2016 2015 (in thousands) Long-term debt, net of current portion: Metropolitan Life Insurance Company and New England Life Insurance Company fixed rate term loans in the original principal amount of $125,000,000: the loans bear interest at the rate of 4.15% per annum. The loans are collateralized by real estate and mature in November 2029. $ 105,312 $ 111,563 Metropolitan Life Insurance Company and New England Life Insurance Company variable rate term loans in the original principal amount of $57,500,000: the variable interest rate was 2.25% per annum at September 30, 2016. The loans are collateralized by real estate and mature in November 2029. 52,469 55,344 Metropolitan Life Insurance Company term loan: the loan bears interest at the rate of 5.28% per annum as of September 30, 2016. The loan is secured by real estate and matures in February 2029. 5,000 2,500 Prudential Mortgage Capital Company, LLC fixed rate term loans: the loans bear interest at the rate of 5.35% per annum as of September 30, 2016. The loans are collateralized by real estate and mature in June 2033. 24,190 25,350 Prudential Mortgage Capital Company, LLC fixed rate term loan: the loan bears interest at the rate of 3.85% per annum as of September 30, 2016. The loan is collateralized by real estate and matures in September 2021. 5,115 5,335 Prudential Mortgage Capital Company, LLC fixed rate term loan: the loan bears interest at the rate of 3.45% per annum as of September 30, 2016. The loan is collateralized by real estate and matures in September 2039. 5,115 5,335 Note payable to a financing company secured by equipment and maturing in December 2016. 18 54 197,219 205,481 Less current portion 4,493 4,511 Long-term debt $ 192,726 $ 200,970 September 30, 2016 2015 (in thousands) Lines of Credit: Metropolitan Life Insurance Company and New England Life Insurance Company revolving line of credit: this $25,000,000 line bears interest at a variable rate which was 2.25% per annum as of September 30, 2016. The line is secured by real estate and matures in November 2019. Availability under the line was $20,000,000 as of September 30, 2016. $ 5,000 $ — Rabo Agrifinance, Inc. working capital line of credit: this $70,000,000 line bears interest at a variable rate which was 2.27% per annum as of September 30, 2016. The line is secured by personal property and matures in November, 2018. Availability under the line was $59,800,000 at September 30, 2016. — — Lines of Credit $ 5,000 $ — Future maturities of debt and lines of credit as of September 30, 2016 are as follows: (in thousands) Due within one year $ 4,493 Due between one and two years 8,300 Due between two and three years 10,900 Due between three and four years 15,963 Due between four and five years 10,975 Due beyond five years 151,588 Total future maturities $ 202,219 Debt Refinancing The Company refinanced its outstanding debt obligations on December 3, 2014 in connection with the Orange-Co acquisition (see Note 3. “Acquisitions and Dispositions”). The credit facilities initially included $125,000,000 in fixed interest rate term loans, $57,500,000 in variable interest rate term loans, a $25,000,000 revolving line of credit (“RLOC”) with Metropolitan Life Insurance Company and New England Life Insurance Company (collectively “Met”), and a $70,000,000 working capital line of credit (“WCLC”) with Rabo Agrifinance, Inc. (“Rabo”). The term loans and RLOC are collateralized by approximately 39,300 gross acres of citrus groves and 14,000 gross acres of farm and ranch land. The WCLC is collateralized by the Company’s current assets and certain other personal property owned by the Company. The term loans are subject to quarterly principal payments of $2,281,250 , and mature November 1, 2029 . The fixed-rate term loans bear interest at 4.15% per annum, and the variable-rate term loans bear interest at a rate equal to 90 day LIBOR plus 150 basis points (the “LIBOR spread”). The LIBOR spread is subject to adjustment by the lender on May 1, 2017 and every two years thereafter until maturity. Interest on the term loans is payable quarterly. The interest rates on the variable rate term loans were 2.25% per annum and 1.80% per annum as of September 30, 2016 and September 30, 2015 , respectively. The Company may prepay up to $8,750,000 of the fixed-rate term loan principal annually without penalty, and any such prepayments may be applied to reduce subsequent mandatory principal payments. The maximum annual prepayment was made for calendar year 2015 and remains available to reduce future mandatory principal payments when the Company elects to do so. There have been no optional prepayments in calendar year 2016. The variable- rate term loans may be prepaid without penalty. The RLOC bears interest at a floating rate equal to 90 day LIBOR plus 150 basis points, payable quarterly. The LIBOR spread is subject to adjustment by the lender on May 1, 2017 and every two years thereafter. Outstanding principal, if any, is due at maturity on November 1, 2019. The RLOC is subject to an annual commitment fee of 25 basis points on the unused portion of the line of credit. The RLOC is available for funding general corporate requirements. The variable interest rate was 2.25% per annum and 1.80% per annum as of September 30, 2016 and September 30, 2015 , respectively. Availability under the RLOC was $20,000,000 as of September 30, 2016 . The WCLC is a revolving credit facility and is available for funding working capital and general corporate requirements. The interest rate on the WCLC is based on one month LIBOR, plus a spread, which is adjusted quarterly, based on the Company's debt service coverage ratio for the preceding quarter and can vary from 175 to 250 basis points. The rate is currently at LIBOR plus 175 basis points. The variable interest rate was 2.27% per annum and 1.95% per annum as of September 30, 2016 and September 30, 2015 , respectively. The WCLC agreement was amended on September 30, 2016, and the primary terms of the amendment were (1) an extension of the maturity to November 1, 2018, (2) the amendment permits the Company to provide a limited $8,000,000 guaranty of the Silver Nip Citrus debt (see below) and (3) the amendment makes debt service coverage a quarterly rather than annual covenant. There were no changes to the commitment amount or interest rate. Availability under the WCLC was approximately $59,800,000 as of September 30, 2016 . The WCLC is subject to a quarterly commitment fee on the daily unused availability under the line computed as the commitment amount less the aggregate of the outstanding loans and outstanding letters of credit. The commitment fee is adjusted quarterly based on Alico's debt service coverage ratio for the preceding quarter and can vary from a minimum of 20 basis points to a maximum of 30 basis points. The WCLC agreement provides for Rabo to issue up to $20,000,000 in letters of credit on the Company’s behalf. As of September 30, 2016 , there was approximately $10,200,000 in outstanding letters of credit, which correspondingly reduced the Company's availability under the line of credit. There was no outstanding balance on the WCLC as of September 30, 2016 . The Company capitalized approximately $2,834,000 of debt financing costs related to the refinancing. These costs, together with approximately $339,000 of costs related to the retired debt, will be amortized to interest expense over the applicable terms of the loans. Additionally, approximately $123,000 and $78,000 of financing costs were incurred in connection with letters of credit and the amendment of the WCLC, respectively. These costs are also being amortized to interest expense over the applicable terms of the obligations. The unamortized balance of deferred financing costs related to the financing above was approximately $1,965,000 at September 30, 2016 . The Company recognized a loss on extinguishment of debt of approximately $964,000 related to the refinancing described above for the fiscal year ended September 30, 2015 . The loss on extinguishment of debt is included in other (expense) income in the Consolidated and Combined Statement of Operations and Comprehensive Income for the fiscal year ended September 30, 2015 . The new credit facilities noted above are subject to various covenants including the following financial covenants: (i) minimum debt service coverage ratio of 1.10 to 1.00, (ii) tangible net worth of at least $160,000,000 increased annually by 10% of consolidated net income for the preceding year, or approximately $161,600,000 for the year ending September 30, 2016, (iii) minimum current ratio of 1.50 to 1.00, (iv) debt to total assets ratio not greater than .625 to 1.00, and, solely in the case of the WCLC, (v) a limit on capital expenditures of $30,000,000 per fiscal year. As of September 30, 2016 , the Company was in compliance with all of the financial covenants. Credit facilities also include a Met Life term loan collateralized by real estate owned by Citree. This is a $5,000,000 credit facility that initially bore interest at 5.49% per annum. An initial advance of $500,000 was made at closing on March 4, 2014. The loan agreement was amended to provide for an interim advance of $2,000,000 on September 17, 2015, and the interest rate was adjusted to 5.30% per annum at the time of the interim advance. The final $2,500,000 advance was funded on April 27, 2016 and the interest rate was adjusted to 5.28% . The loan matures in February 2029. The unamortized balance of deferred financing costs related to this loan was approximately $53,000 at September 30, 2016 . Debt Prior to Refinancing Prior to the December 3, 2014 refinancing, the Company had a $33,500,000 term loan and a $60,000,000 revolving line of credit (“Old RLOC”) with Rabo. The variable rate term loan required quarterly payments of interest at a floating rate of one month LIBOR plus 225 basis points and quarterly principal payments of $500,000 . The variable interest rate on this loan was 2.40% per annum as of September 30, 2014. The loan was secured by real estate and had a maturity date of October 2020. The term loan was refinanced in connection with the Orange-Co acquisition on December 3, 2014. The Old RLOC had a variable interest rate based on one month LIBOR plus a spread. The spread was determined based upon our debt service coverage ratio for the preceding fiscal year and could vary from 195 to 295 basis points. The interest rate was LIBOR plus 195 basis points at the date of refinancing and as of September 30, 2014. Interest on the Old RLOC was payable quarterly. The Old RLOC was subject to a commitment fee of 20 basis points on the annual average unused availability. The Old RLOC had no outstanding balance at the date of refinancing or as of September 30, 2014. The Company incurred debt financing costs of approximately $1,202,000 related to the Rabo variable rate term loan and Old RLOC. The debt financing costs were capitalized as deferred financing costs in fiscal year 2010 and were being amortized to interest expense over the term of the loans. The unamortized balance of deferred financing costs at the time of refinancing was approximately $697,000 , of which approximately $379,000 was expensed as a loss on extinguishment of debt and approximately $318,000 will be amortized over the applicable terms of the new loans. As of September 30, 2014, the Company was in compliance with the financial debt covenants and terms of the Rabo loan agreement. Silver Nip Citrus Debt Silver Nip Citrus has various loans payable to Prudential Mortgage Capital Company, LLC (“Prudential”) as described below. There are two fixed-rate term loans, with an original combined balance of $27,550,000 , bearing interest at 5.35% per annum. Principal of $290,000 is payable quarterly, together with accrued interest. The Company may prepay up to $5,000,000 of principal without penalty. On February 15, 2015, Silver Nip Citrus made a prepayment of $750,000 . The loans are collateralized by real estate in Collier, Hardee, Highlands, Martin, Osceola and Polk Counties, Florida. Silver Nip Citrus entered into two fixed rate term loans with Prudential to finance the acquisition of a 1,500 acre citrus grove on September 4, 2014. Each loan was in the original amount of $5,500,000 . Principal of $55,000 per loan is payable quarterly, together with accrued interest. One loan bears interest at 3.85% per annum, while the other bears interest at 3.45% per annum. The note with an interest rate of 3.85% per annum is subject to adjustment on September 1, 2019, and every year thereafter until maturity. Both loans are collateralized by real estate in Charlotte County, Florida. Silver Nip Citrus had a $6,000,000 revolving line of credit with Prudential. This line of credit was paid in full and terminated on April 28, 2015. The Company recognized a loss on extinguishment of debt of approximately $87,000 related to the termination. The unamortized balance of deferred financing costs related to the Silver Nip Citrus debt was approximately $351,000 at September 30, 2016 . The Silver Nip Citrus facilities are subject to a financial debt covenant requiring a current ratio of at least 1.50 to 1.00, measured at the end of each fiscal year. Silver Nip Citrus was in compliance with this covenant as of September 30, 2016. The Silver Nip Citrus facilities are personally guaranteed by George Brokaw, Remy Trafelet and Clayton Wilson at September 30, 2016 . Modification of Credit Agreements During the fiscal year ended September 30, 2015 , Rabo agreed, subject to certain conditions, that the Company may loan Silver Nip Citrus up to $7,000,000 on a revolving basis for cash management purposes. These advances would be funded from either cash on hand or draws on the Company’s WCLC. Silver Nip Citrus has provided a $7,000,000 limited guaranty and security agreement granting Rabo a security interest in crops, accounts receivable, inventory and certain other assets. This modification required the amendment of various Prudential and Rabo loan documents and mortgages. Interest costs expensed and capitalized were as follows: (in thousands) Fiscal Year Ended September 30, 2016 2015 2014 Interest expense $ 9,893 $ 8,366 $ 2,368 Interest capitalized 172 345 182 Total $ 10,065 $ 8,711 $ 2,550

Inventories

Inventories	12 Months Ended
	Sep. 30, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following at September 30, 2016 and September 30, 2015 : (in thousands) September 30, 2016 2015 Unharvested fruit crop on the trees $ 52,204 $ 52,497 Beef cattle 783 1,612 Citrus tree nursery 3,090 2,854 Other 2,392 1,310 Total inventories $ 58,469 $ 58,273 The Company records its inventory at the lower of cost or net realizable value. For the fiscal year ended September 30, 2016 and 2015 , the Company did not record any adjustments to reduce inventory to net realizable value.

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment, net consists of the following at September 30, 2016 and September 30, 2015 : (in thousands) September 30, 2016 2015 Citrus trees $ 253,665 $ 247,488 Equipment and other facilities 59,355 56,200 Buildings and improvements 21,780 21,259 Breeding herd 10,921 11,924 Total depreciable properties 345,721 336,871 Less: accumulated depreciation, depletion and amortization (83,122 ) (70,200 ) Net depreciable properties 262,599 266,671 Land and land improvements 116,648 114,428 Net property and equipment $ 379,247 $ 381,099 Asset Impairment The Company recorded an impairment loss of approximately $541,000 during fiscal year 2015 on property classified as assets held for sale as of September 30, 2014. The Company entered into a sales contract on February 17, 2015, which triggered the impairment of the property based on the negotiated sales price. The property was sold on April 3, 2015 and the Company received approximately $1,509,000 in net cash proceeds. Sugarcane Lease On May 19, 2014, the Company entered into a triple net agricultural lease (the "Lease") with its sole sugarcane customer, USSC, for 19,181 acres of land planted or plantable to sugar in Hendry County, Florida. As a result of the Lease, the Company is no longer directly engaged in sugarcane farming. The lease was assigned to Global in connection with the Sugarcane land sale (see Note 3. "Acquisitions and Dispositions"). The lease provided for a one-time reimbursement to the Company, at book value, for certain of our costs to develop and plant sugarcane (Property and Equipment), cultivate and care take sugarcane (Inventory) and for the purchase of certain rolling stock (Property and Equipment) used in our sugarcane operation. We had a combined book value of approximately $11,100,000 in planting and caretaking costs and approximately $2,200,000 net book value for the rolling stock. After negotiation with USSC, we agreed to a one time reimbursement of approximately $8,800,000 in plant cane and caretaking costs and a sales price of approximately $2,200,000 for the rolling stock. Therefore, the Company recorded a one-time charge of approximately $2,300,000 in the fiscal year ended September 30, 2014 as an operating expense in the Improved Farmland segment. In addition, we also received the annual base rent payment of approximately $3,548,000 for a total payment of approximately $14,600,000 from USSC on July 1, 2014.

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets	12 Months Ended
	Sep. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Assets	Other Assets Prepaid Expenses and Other Assets consist of the following at September 30, 2016 and 2015 : (in thousands) September 30, 2016 September 30, 2015 Current Non-Current Current Non-Current Investments in agricultural cooperatives $ — $ 146 $ — $ 846 Cash surrender value — 445 — 722 Equity investment in affiliate — 543 — 817 Tree deposits — 164 — 166 Guaranteed payments on sugarcane sale 1,236 — 843 — Prepaid insurance 955 — 811 — Other 70 394 137 451 Total prepaid expenses and other assets $ 2,261 $ 1,692 $ 1,791 $ 3,002

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Sep. 30, 2016
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued Liabilities consist of the following at September 30, 2016 and September 30, 2015 : (in thousands) September 30, 2016 2015 Ad valorem taxes $ 2,736 $ 2,700 Accrued interest 1,135 1,154 Accrued employee wages and benefits 964 456 Inventory received but not invoiced 710 665 Accrued dividends 498 500 Current portion of deferred retirement obligations 342 342 Additional purchase price consideration — 7,500 Other accrued liabilities 535 496 Total accrued liabilities $ 6,920 $ 13,813

Other Current Liabilities

Other Current Liabilities	12 Months Ended
	Sep. 30, 2016
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	Other Current Liabilities Other current liabilities consist of the following at September 30, 2016 and 2015 : (in thousands) September 30, 2016 2015 Deposits - Farm land leases $ 403 $ 397 Deposits - Recreation land leases 562 541 Other 37 37 Total other current liabilities $ 1,002 $ 975

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company complies with the provisions of FASB ASC 820 “Fair Value Measurements” for its financial and non-financial assets and liabilities. ASC 820 defines fair value, establishes a framework for measuring fair value and expands disclosure for each major asset and liability category measured at fair value on either a recurring or nonrecurring basis. The majority of the carrying amounts of the Company’s assets and liabilities including cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities as of September 30, 2016 and 2015 , approximate their fair value because of the immediate or short term maturity of these financial instruments. In the event that stated interest rates are below market, the Company discounts mortgage and notes receivable to reflect their estimated fair value. The carrying amounts reported for long-term debt approximates fair value as the Company’s borrowings with commercial lenders are at interest rates that vary with market conditions and fixed rates that approximate market rates for similar obligations. The majority of our non-financial instruments, which include inventories and property and equipment, are not required to be carried at fair value on a recurring basis. ASC 820 clarifies that fair value is an exit price representing the amount that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, ASC 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value as follows: • Level 1- Observable inputs such as quoted prices in active markets; • Level 2- Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and • Level 3- Unobservable inputs in which there is little or no market data, such as internally-developed valuation models which require the reporting entity to develop its own assumptions. There were no gains or losses included in earnings attributable to changes in unrealized gains or losses relating to our assets as of September 30, 2016 and 2015 . We use third-party service providers to assist in the evaluation of investments. For investment valuations, current market interest rates, quality estimates by rating agencies and valuation estimates by active market participants were used to determine values. Deferred retirement benefits were valued based on actuarial data, contracted payment schedules and an estimated discount rate of 4.3% and 4.2% as of September 30, 2016 and 2015 , respectively.

Treasury Stock

Treasury Stock	12 Months Ended
	Sep. 30, 2016
Stockholders' Equity Note [Abstract]
Treasury Stock	Treasury Stock In fiscal year 2015, the Board of Directors authorized the repurchase of up to 170,000 shares of the Company’s common stock beginning March 25, 2015 and continuing through December 31, 2016. The stock repurchases were made through open market transactions at times and in such amounts as the Company’s broker determined subject to the provisions of SEC Rule 10b-18. Effective November 1, 2008, the Company’s Board of Directors authorized the repurchase of up to 350,000 shares of the Company’s common stock through November 2013 for the purpose of funding awards under its 2008 Incentive Equity Plan. In September 2013, the Board of Directors authorized the repurchase of up to 105,000 shares of the Company’s common stock beginning in November 2013 and continuing through April 2018. The stock repurchases began in November 2008 and were made on a quarterly basis through open market transactions at times and in such amounts as the Company’s broker determined subject to the provisions of SEC Rule 10b-18. The following table illustrates the Company’s treasury stock purchases for the fiscal years ended September 30, 2016, 2015 and 2014: (in thousands, except share amounts) Total Number of Average Price Total Shares Purchased as Part of Publicly Announced Plan or Program Total Dollar Value of Shares Purchased Fiscal Year Ended September 30,: 2016 78,446 $ 40.04 545,995 $ 3,141 2015 91,554 $ 43.83 467,549 $ 4,013 2014 118,792 $ 40.78 375,995 $ 4,844 The following table outlines the Company’s treasury stock transactions during the past three fiscal years: (in thousands, except share amounts) Shares Cost Balance at September 30, 2013 73,538 $ 2,816 Purchased 118,792 4,844 Issued to Employees and Directors (176,564 ) (7,010 ) Balance at September 30, 2014 15,766 650 Purchased 91,554 4,013 Issued to Employees and Directors (16,755 ) (701 ) Balance at September 30, 2015 90,565 3,962 Purchased 78,446 3,141 Issued to Employees and Directors (35,478 ) (1,035 ) Issued to former Silver Nip Citrus equity holders (32,923 ) (1,483 ) Balance at September 30, 2016 100,610 $ 4,585

Income Taxes

Income Taxes	12 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income tax for the years ended September 30, 2016 , 2015 and 2014 consists of the following: (in thousands) Fiscal Year Ended September 30, 2016 2015 2014 Current: Federal income tax $ 244 $ (1,348 ) $ 4,035 State income tax — (98 ) 543 Total current 244 (1,446 ) 4,578 Deferred: Federal income tax 4,538 10,432 6,160 State income tax 739 1,919 645 Total deferred 5,277 12,351 6,805 Total provision for income taxes $ 5,521 $ 10,905 $ 11,383 Income tax provision (benefit) attributable to income from continuing operations differed from the amount computed by applying the statutory federal income tax rate of 35% to pre-tax income as a result of the following: (in thousands) Fiscal Year Ended September 30, 2016 2015 2014 Tax at the statutory federal rate $ 4,382 $ 9,335 $ 8,117 Increase (decrease) resulting from: State income taxes, net of federal benefit 457 1,279 183 Permanent and other reconciling items, net 773 280 3,083 Other (91 ) 11 — Total provision for income taxes $ 5,521 $ 10,905 $ 11,383 The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of September 30, 2016 , and 2015 are presented below: (in thousands) September 30, 2016 2015 Deferred tax assets: Deferred retirement benefits $ 1,620 $ 1,595 Inventories 912 230 Alico-Agri, Ltd. outside basis differences 474 467 Goodwill 36,217 39,081 Deferred gain recognition 10,964 11,234 Capital loss carry forward 9,702 12,804 Alternative minimum tax credits 197 — Net operating loss 5,844 7,141 Other 765 200 Total deferred tax assets 66,695 72,752 Deferred tax liabilities: Revenue recognized from citrus and sugarcane 282 223 Property and equipment 95,149 93,849 Accrual-to-cash method 1,908 3,905 Prepaid insurance 331 256 Investment in Magnolia 82 299 Total deferred tax liabilities 97,752 98,532 Net deferred income tax liability $ (31,057 ) $ (25,780 ) Deferred taxes are included in the accompanying Consolidated and Combined Balance Sheets are as follows: (in thousands) September 30, 2016 2015 Deferred tax liabilities, current $ 53 $ 151 Deferred tax liabilities, non-current 31,004 25,629 Total deferred tax liabilities $ 31,057 $ 25,780 As of September 30, 2016, the Company has approximately $14,800,000 federal and approximately $18,300,000 state income tax net operating loss (NOL) carryforwards. The Federal NOL's of approximately $4,200,000 will expire in 2024 and approximately $10,600,000 in 2025. The State NOL’s of approximately $4,200,000 will expire in 2024 and approximately $14,100,000 in 2025. As of September 30, 2016, the Company has approximately $25,200,000 federal and state capital loss carryforwards, with approximately $600,000 expiring in 2017 and approximately $24,600,000 in 2018. The Company believes that it is more likely than not that the benefit from federal and state NOL and capital loss carryforwards will be realized and therefore have not provided a valuation allowance on the deferred tax assets related to these NOL and capital loss carryforwards.

Segment Information

Segment Information	12 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information Segments Operating segments are defined in FASB ASC Topic 280, "Segment Reporting" as components of public entities that engage in business activities from which they may earn revenues and incur expenses for which separate financial information is available, and which are evaluated regularly by the Company’s CODM in deciding how to assess performance and allocate resources. For the fiscal year ended September 30, 2015 , the Company’s CODM assessed performance and allocated resources based on five operating segments: Citrus Groves, Improved Farmland, Ranch and Conservation, Agricultural Supply Chain Management and Other Operations. The former Citrus Groves and Agricultural Supply Chain Management segments have been combined into the Orange Co. segment and, as a result of the disposition of its sugarcane land in fiscal year 2015, the Company is no longer involved in sugarcane, and the Improved Farmland segment is no longer material to our business and has been combined into the Other Operations segment. Effective October 1, 2015, the Company manages its land based upon its primary usage, and reviews its performance based upon two primary classifications: Orange Co. and Conservation and Environmental Resources . In addition, Other Operations include leasing mines and oil extraction rights to third parties, as well as leasing improved farmland to third parties. Total revenues represent sales to unaffiliated customers, as reported in the Consolidated and Combined Statements of Operations and Comprehensive Income. Intersegment sales and transfers are accounted for by the Company as if the sales or transfers were to third parties at current market prices. Goods and services produced by these segments are sold to wholesalers and processors in the United States who prepare the products for consumption. The Company evaluates the segments’ performance based on direct margins (gross profit) from operations before general and administrative expenses, interest expense, other income (expense) and income taxes, not including nonrecurring gains and losses. All intercompany transactions between the segments have been eliminated. Information by operating segment is as follows: (in thousands) Fiscal Year Ended September 30, 2016 2015 2014 Revenues: Orange Co. $ 137,282 $ 146,147 $ 74,768 Conservation and Environmental Resources 5,669 5,394 8,172 Other Operations 1,245 1,585 21,063 Total revenues 144,196 153,126 104,003 Operating expenses: Orange Co. 102,347 110,236 54,956 Conservation and Environmental Resources 6,393 4,808 6,123 Other Operations 397 2,083 21,730 Total operating expenses 109,137 117,127 82,809 Gross profit: Orange Co. 34,935 35,911 19,812 Conservation and Environmental Resources (724 ) 586 2,049 Other Operations 848 (498 ) (667 ) Total gross profit $ 35,059 $ 35,999 $ 21,194 Capital expenditures: Orange Co. $ 10,393 $ 9,403 $ 7,849 Conservation and Environmental Resources 1,664 1,461 5,109 Other Operations 629 162 37 Other Capital Expenditures 1,619 497 285 Total capital expenditures 14,305 11,523 13,280 Depreciation, depletion and amortization: Orange Co. $ 13,982 $ 12,297 $ 4,201 Conservation and Environmental Resources 456 1,275 1,604 Other Operations 476 471 3,653 Other Depreciation, Depletion and Amortization 468 689 180 Total depreciation, depletion and amortization $ 15,382 $ 14,732 $ 9,638 (in thousands) September 30, 2016 2015 Assets: Orange Co. $ 412,643 $ 412,700 Conservation and Environmental Resources 13,073 12,648 Other Operations 23,287 22,688 Other Corporate Assets 9,659 12,052 Total Assets $ 458,662 $ 460,088

Employee Benefits Plans

Employee Benefits Plans	12 Months Ended
	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	Employee Benefits Plans Management Security Plan The management security plan (“MSP”) is a nonqualified, noncontributory defined supplemental deferred retirement benefit plan for a select group of management personnel. The MSP provides a fixed supplemental retirement benefit for 180 months certain. The MSP is frozen; no new participants are being added and no benefit increases are being granted. The MSP benefit expense and the projected management security plan benefit obligation are determined using assumptions as of the end of the year. The weighted-average discount rate used to compute the obligation was 4.3% and 4.2% in fiscal years 2016 and 2015 , respectively. Actuarial gains or losses are recognized when incurred, therefore; the end of year benefit obligation is the same as the accrued benefit costs recognized in the Consolidated and Combined Balance Sheets. The amount of MSP benefit expense charged to costs and expenses was as follows: (in thousands) Fiscal Year Ended September 30, 2016 2015 2014 Service cost $ 213 $ 195 $ 195 Interest cost 210 197 (23 ) Recognized actuarial loss adjustment (5 ) 231 — Total $ 418 $ 623 $ 172 The following provides a roll-forward of the MSP benefit obligation: (in thousands) September 30, 2016 2015 Change in projected benefit obligation: Benefit obligation at beginning of year $ 4,476 $ 4,198 Service cost 213 195 Interest cost 210 197 Benefits paid (351 ) (345 ) Recognized actuarial loss adjustment (5 ) 231 Benefit obligation at end of year $ 4,543 $ 4,476 Funded status at end of year $ (4,543 ) $ (4,476 ) The MSP is unfunded and benefits are paid as they become due. The estimated future benefit payments under the plan for each of the five succeeding years are approximately $348,000 , $365,000 , $170,000 , $210,000 and $210,000 and for the five-year period thereafter is an aggregate of $1,429,000 . The Company has established a “Rabbi Trust” to provide for the funding of accrued benefits under the MSP. According to the terms of the Rabbi Trust, funding is voluntary until a change of control of the Company as defined in the Management Security Plan Trust Agreement occurs. Upon a change of control, funding is triggered. As of September 30, 2016 , the Rabbi Trust had no assets, and no change of control had occurred. Profit Sharing and 401(k) The Company maintains a 401(k) employee savings plan for eligible employees, which provides for a 4% matching contribution on employee payroll deferrals. The Company’s matching funds vest to the employee immediately, pursuant to a safe harbor election effective in October 2012. The Company’s contribution to the plan was approximately $401,000 , $360,000 , and $192,000 for the fiscal years 2016 , 2015 and 2014 , respectively. The Profit Sharing Plan (“Plan”) is fully funded by contributions from the Company. Contributions to the Plan are discretionary and determined annually by the Company’s Board of Directors. Contributions to employee accounts are based on the participant’s compensation. The Company’s contribution to the Profit Sharing Plan was $291,000 , $165,000 and $165,000 for the fiscal years ended September 30, 2016 , 2015 and 2014 , respectively.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Change in Control Transaction On November 19, 2013, 734 Agriculture and its affiliates, including 734 Investors, completed the previously announced purchase from Alico Holding, LLC, a company wholly owned by Atlantic Blue Group, Inc. (“Atlanticblue”), of 3,725,457 shares of our common stock (the “Share Purchase”). The common stock acquired by 734 Agriculture and its affiliates, including 734 Investors, represents approximately 51% of the Company’s outstanding voting securities. On November 15, 2013, 734 Investors amended and restated its LLC operating agreement (the “LLC Agreement”) to admit new members and to designate 734 Agriculture as the managing member, with authority to administer the affairs of 734 Investors, including the voting and disposition of shares of common stock, subject to certain restrictions set forth therein. As a result, upon the consummation of the Share Purchase, 734 Agriculture and its affiliates, including 734 Investors, acquired the voting power to control the election of the Company’s Directors and any other matter requiring the affirmative vote or consent of the Company’s stockholders'. Appointment of Directors With the Closing of the Share Purchase, the previously announced election of the following individuals to the Board of Directors became effective: Mr. George R. Brokaw, Member of 734 Agriculture; Remy W. Trafelet, Manager of 734 Agriculture; W. Andrew Krusen, Jr., Chairman and CEO of Dominion Financial Group; Benjamin D. Fishman, Managing Principal of Arlon Group; Henry R. Slack, former Chairman of the Board of Terra Industries, Inc. and Senior Partner of Quarterwatch, LLC; Clayton G. Wilson, former CEO of 734 Citrus Holdings, LLC d/b/a Silver Nip Citrus and Chairman of the Board of Latt Maxcy Corporation; and R. Greg Eisner, Head of Strategy of Dubin & Company, LLC. 734 Investors and 734 Agriculture On November 19, 2013, 734 Agriculture and its affiliates, including 734 Investors, acquired all of the approximately 51% of Alico’s common stock then owned by Atlanticblue. 734 Investors now beneficially owns, directly or indirectly, approximately 59% of the outstanding shares of the Company’s common stock and possesses the voting power to control the election of the Company’s Directors and any other matter requiring the affirmative vote or consent of the Company’s stockholders. 734 Agriculture is the sole managing member of 734 Investors. By virtue of their ownership percentage, 734 Investors and 734 Agriculture are able to elect all of the Directors and, consequently, control Alico. Messrs. Brokaw and Trafelet are the two controlling persons of 734 Agriculture. Silver Nip Citrus Merger Agreement Effective February 28, 2015, the Company completed the merger (“Merger”) with 734 Citrus Holdings, LLC (“Silver Nip Citrus”) pursuant to an Agreement and Plan of Merger (the “Merger Agreement”) with 734 Sub, LLC, a wholly owned subsidiary of the Company (“Merger Sub”), Silver Nip Citrus and, solely with respect to certain sections thereof, the equity holders of Silver Nip Citrus. The ownership of Silver Nip Citrus was held by 734 Agriculture, 74.89% , Mr. Clay Wilson, Chief Executive Officer of the Company, 5% and an entity controlled by Mr. Clay Wilson owned, 20.11% . 734 Agriculture has control over both Silver Nip Citrus and the Company, and therefore the Merger was treated as a common control acquisition. At closing of the Merger, Merger Sub merged with and into Silver Nip Citrus, with Silver Nip Citrus and its affiliates surviving the Merger as wholly owned subsidiaries of the Company. Pursuant to the Merger Agreement, at closing, the Company issued 923,257 shares of the Company’s common stock, par value $1.00 per share, to the holders of membership interests in Silver Nip Citrus. Silver Nip Citrus’ outstanding net indebtedness at the closing of the Merger was approximately $40,278,000 , and other liabilities totaled approximately $8,446,000 . The Company acquired assets at with a book value of approximately $65,739,000 , and total net assets of approximately $17,015,000 . The shares issued were recorded at the carrying amount of the net assets transferred. The closing price of the Company's common stock on February 27, 2015 was $45.67 . In September 2015, the former holders of membership interests in Silver Nip Citrus (the "Members") received an additional 115,782 shares of the Company’s common stock pursuant to the Merger Agreement. The additional consideration was based on the value of the proceeds received by the Company from the sale of citrus fruit harvested on Silver Nip Citrus’s citrus groves following the conclusion of the 2014-2015 citrus harvest season. The Members will receive additional Company shares of common stock based on any additional proceeds received by the Company subsequent to September 2015 related to the 2014-2015 harvest season. As of September 30, 2016 , the former holders of membership interests (the "Members") in Silver Nip Citrus earned and were issued an additional 148,705 shares of the Company’s common stock pursuant to the Merger Agreement. The additional purchase consideration was based on the value of the proceeds received by the Company from the sale of citrus fruit harvested on Silver Nip Citrus’s citrus groves for 2014-2015 citrus harvest season. The Members are not expected to receive any additional Company common shares related to the 2014-2015 harvest season. For the fiscal year ended September 30, 2016 and 2015 the Company incurred approximately $85,000 and $309,000 in professional and legal costs in connection with the Merger. These costs are included in general and administrative expenses in the Consolidated and Combined Statements of Operations and Comprehensive Income for the fiscal year ended September 30, 2016 and 2015 , respectively. JD Alexander On November 6, 2013, JD Alexander tendered his resignation as Chief Executive Officer, and as an employee of the Company, subject to and effective immediately after the Closing of the Share Purchase transaction on November 19, 2013. Mr. Alexander’s resignation included a waiver of any rights to any payments under his Change-in-Control Agreement with the Company. On November 6, 2013, the Company and Mr. Alexander also entered into a Consulting and Non-Competition Agreement under which (i) Mr. Alexander will provide consulting services to the Company during the two -year period after the Closing, (ii) Mr. Alexander agreed to be bound by certain non-competition covenants relating to the Company’s citrus operations and non-solicitation and non-interference covenants for a period of two years after the Closing, and (iii) the Company paid Mr. Alexander for such services and covenants $2,000,000 in twenty-four monthly installments. The Company expensed approximately $167,000 , $1,000,000 and $833,000 under the Consulting and Non-Competition Agreement for the fiscal years ended September 30, 2016 , 2015 and 2014 . Ken Smith On March 20, 2015, Ken Smith tendered his resignation as Chief Operating Officer, and as an employee of the Company. Mr. Smith’s resignation included a waiver of any rights to any payments under his Change-in-Control Agreement with the Company. On March 20, 2015, the Company and Mr. Smith also entered into a Consulting and Non-Competition Agreement under which (i) Mr. Smith will provide consulting services to the Company during the three -year period after the resignation date, (ii) Mr. Smith agreed to be bound by certain non-competition covenants relating to the Company’s citrus operations and non-solicitation and non-interference covenants for a period of two years after the resignation date, and (iii) the Company will pay Mr. Smith up to $1,225,000 for such services and covenants. The Company’s business operations previously managed by Mr. Smith are now managed by Clay Wilson, Chief Executive Officer of Alico. The Company expensed approximately $200,000 and $625,000 under the Consulting and Non-Competition Agreement for fiscal years ended September 30, 2016 and 2015 , respectively. W. Mark Humphrey On June 1, 2015, W. Mark Humphrey tendered his resignation as Senior Vice President and Chief Financial Officer, and as an employee of the Company. On June 1, 2015, the Company and Mr. Humphrey entered into a Separation and Consulting Agreement under which (i) Mr. Humphrey will provide consulting services to the Company for a one -year period after his resignation, and (ii) Mr. Humphrey will be entitled to the following benefits: (a) $100,000 in cash in a lump sum and (b) a consulting fee of $350,000 payable monthly during the period commencing on his resignation date and ending on the first anniversary of his resignation date. The Company expensed approximately $238,000 and $268,000 under the Separation and Consulting Agreement for the fiscal year ended September 30, 2016 and 2015 , respectively. On June 1, 2015 the Company appointed John E. Kiernan to serve as Senior Vice President and Chief Financial Officer. Effective September 1, 2015, Mr. Humphrey was appointed to serve as Senior Vice President and Chief Accounting Officer, and continued to receive monthly payments under The Consulting Agreement through the first anniversary of his resignation date. Shared Services Agreement The Company has a shared services agreement with Trafelet Brokaw & Co., LLC (“TBCO”), whereby the Company will reimburse TBCO for use of office space and various administrative and support services. The annual cost of the office and services is approximately $465,000 . The agreement will expire in June 2017. The Company expensed approximately $479,000 and $379,000 under the Shared Services Agreement for the fiscal year ended September 30, 2016 and 2015 , respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Operating Leases The Company has obligations under various non-cancelable long-term operating leases for equipment. In addition, the Company has various obligations under other equipment leases of less than one year. Total rent expense was approximately $667,000 , $649,000 and $2,015,000 for the years ended September 30, 2016 , 2015 and 2014 , respectively. The future minimum annual rental payments under non-cancelable operating leases are as follows: (in thousands) 2017 $ 662 2018 353 2019 5 2020 1 2021 — Total $ 1,021 Capital Leases The Company has obligations under two non-cancelable long-term capital equipment leases. The gross asset value of leased equipment is approximately $1,435,000 at September 30, 2016 and 2015. Accumulated amortization totaled approximately $425,000 and $191,000 at September 30, 2016 and 2015, respectively. The future minimum annual rental payments under non-cancelable capital leases are as follows: (in thousands) Principal Interest Total 2017 $ 288 $ 24 $ 312 2018 300 12 312 Total $ 588 $ 36 $ 624 Change in Control Agreements The Company entered into Change in Control Agreements (“CIC Agreements”) with its executive officers and 22 other key employees (“CIC Recipients”) in the fiscal year 2014. The CIC Agreements provided for cash payments to CIC Recipients in the event of a change in control as defined in the CIC Agreements followed by the termination of a CIC Recipient within 18 months of the change in control. As of September 30, 2016 , all CIC Agreements have expired. Letters of Credit The Company has outstanding standby letters of credit in the total amount of approximately $10,234,000 and $17,498,500 at September 30, 2016 and September 30, 2015 , respectively, to secure its various contractual obligations. Legal Proceedings On March 11, 2015 a putative stockholder class action lawsuit captioned Shiva Y. Stein v. Alico, Inc., et al., No. 15-CA-000645 (the “Stein lawsuit”) was filed in the Circuit Court of the Twentieth Judicial District in and for Lee County, Florida, against Alico, Inc. (“Alico”), its current and certain former directors, 734 Citrus Holdings, LLC d/b/a Silver Nip Citrus, 734 Investors, LLC (“734 Investors”), 734 Agriculture, LLC (“734 Agriculture”) and 734 Sub, LLC (“734 Sub”) in connection with the acquisition of Silver Nip by Alico (the “Acquisition”). The complaint alleged that Alico’s directors at the time of the Acquisition, 734 Investors, and 734 Agriculture, breached fiduciary duties to Alico stockholders in connection with the Acquisition, and that Silver Nip and 734 Sub aided and abetted such breaches. The lawsuit sought, among other things, monetary and equitable relief, costs, fees (including attorneys’ fees) and expenses. On May 6, 2015 a putative stockholder class action and derivative lawsuit captioned Ruth S. Dimon Trust v. George R. Brokaw, et al., No. 15-CA-001162 (the “Dimon lawsuit”) was filed in the Circuit Court of the Twentieth Judicial District in and for Lee County, Florida, against Alico, its current directors, Silver Nip Citrus, 734 Investors and 734 Agriculture, in connection with the Acquisition of Silver Nip Citrus by Alico. The complaint alleged breach of fiduciary duty, gross mismanagement, waste of corporate assets and tortious interference with contract against Alico’s directors; unjust enrichment against three of the directors; and aiding and abetting breach of fiduciary duty against Silver Nip Citrus, 734 investors and 734 Agriculture. The lawsuit sought, among other things, rescission of the Acquisition, an injunction prohibiting certain payments to Silver Nip Citrus members, unspecified damages, disgorgement of profits, costs, fees (including attorneys’ fees) and expenses. On July 17, 2015, the plaintiffs in the Stein and Dimon lawsuits filed a stipulation and proposed order consolidating their cases for all purposes under the caption, In re Alico, Inc. Shareholder Litigation, Master File No. 15-CA-000645 (the “Consolidated Action”) and seeking the appointment of a lead plaintiff and lead and liaison counsel. The court entered that proposed order on July 21, 2015. On October 16, 2015, the lead plaintiff in the Consolidated Action reported to the Court that the parties reached an agreement in principle to settle the Consolidated Action and other claims related to the Acquisition and that they were in the process of formally documenting their agreements. The proposed settlement contemplated that Alico would adopt certain changes to its corporate governance practices, policies and procedures concerning related party transactions; that the Consolidated Action would be dismissed; and all claims that were or could have been asserted challenging any aspect of the Acquisition would be released. On March 31, 2016, the parties entered into a Stipulation of Settlement. The parties filed an Amended Stipulation of Settlement with the Court on April 22, 2016. On April 28, 2016, the Court entered an order preliminarily approving the settlement and providing for notice to relevant Alico shareholders. Notice of the settlement was mailed to relevant Alico shareholders and a settlement hearing was held on September 12, 2016, during which the Court considered the fairness, reasonableness and adequacy of the settlement and plaintiffs' counsel’s request for an award of attorneys' fees and expenses. Following the settlement hearing on September 12, 2016, the Court entered a final order and judgment that approved the settlement as fair, reasonable and adequate; directed the parties to consummate the settlement according to its terms; awarded plaintiffs’ counsel attorneys’ fees and expenses; and dismissed the Consolidated Action with prejudice. From time to time, Alico may be involved in litigation relating to claims arising out of its operations in the normal course of business. There are no other current legal proceedings to which the Company is a party to or of which any of its property is subject to that it believes will have a material adverse effect on its business financial position or results of operations.

Selected Quarterly Financial Da

Selected Quarterly Financial Data (unaudited)	12 Months Ended
	Sep. 30, 2016
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, 2016 , and 2015 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, 2015 2014 2016 2015 2016 2015 2016 2015 Total operating revenue $ 20,604 $ 19,070 $ 71,889 $ 60,012 $ 46,853 $ 71,670 $ 4,850 $ 2,374 Total operating expenses 19,238 15,798 52,374 48,336 33,170 50,643 4,355 2,350 Gross profit 1,366 3,272 19,515 11,676 13,683 21,027 495 24 General and administrative 3,925 5,484 2,849 3,499 2,747 2,949 3,692 4,562 Other (expense) income, net (2,535 ) 11,181 (1,840 ) (2,824 ) (2,874 ) (2,258 ) (2,117 ) (1,516 ) Income (loss) before income taxes (5,094 ) 8,969 14,826 5,353 8,062 15,820 (5,314 ) (6,054 ) Income tax expense (benefit) (2,075 ) 3,763 6,102 1,127 3,392 6,644 (1,898 ) (629 ) Net income (loss) $ (3,019 ) $ 5,206 $ 8,724 $ 4,226 $ 4,670 $ 9,176 $ (3,416 ) $ (5,425 ) Net loss attributable to noncontrolling interests 8 — 10 — 11 — 5 31 Net income attributable to Alico Inc. common stockholders $ (3,011 ) $ 5,206 $ 8,734 $ 4,226 $ 4,681 $ 9,176 $ (3,411 ) $ (5,394 ) Earnings per share: Basic $ (0.36 ) $ 0.71 $ 1.05 $ 0.51 $ 0.56 $ 1.11 $ (0.41 ) $ 0.65 Diluted $ (0.36 ) $ 0.71 $ 1.05 $ 0.51 $ 0.56 $ 1.11 $ (0.41 ) $ 0.65 The operating results noted above include the operating results of Silver Nip Citrus, as a result of the common control acquisition in February 2015.

Subsequent Events

Subsequent Events	12 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On November 10, 2016, Met issued a Partial Release of Mortgage removing their lien on approximately 8,640 acres of ranch land in Hendry County, Florida. There was no price charged for the release. The release was recorded on November 28, 2016. On December 1, 2016, the Silver Nip Citrus debt agreements with Prudential were amended. The primary terms of the amendments were (1) the Company provided a limited $8,000,000 guaranty of the Silver Nip debt, (2) the limited personal guarantees previously provided by George Brokaw, Remy Trafelet and Clayton Wilson also totaling $8,000,000 were released and (3) the required consolidated current ratio was reduced from 1.50 to 1.00 to 1.00 to 1.00 for covenant compliance purposes. The personal guarantees were provided prior to the Company’s Merger with Silver Nip Citrus. In December 2016, the Company reached an agreement in principle to sell 49 acres of land and facilities in Hendry County, Florida for $2,200,000 . The property, known as Alico Plant World, is currently leased to a vegetable nursery operator. The buyer is an affiliate of the tenant. The anticipated sales price exceeds its net book value and no impairment will be recognized. Alico Inc. has begun to realign its management structure to optimize the financial returns on the assets of its Orange Co. and Conservation and Environmental Resources operating segments. Remy W. Trafelet will become President and Chief Executive Officer of the Company on January 1, 2017. He has led the Company’s Executive Committee as Chairman since 2013. George Brokaw will become Executive Vice Chairman for the Company while Hank Slack will serve Executive Chairman. Clay Wilson will step down as Chief Executive Officer on December 31, 2016. Mr. Wilson will continue to serve as a member of the Board of Directors. The compensatory arrangements and other terms are still being negotiated and will be disclosed when available.

Description of Business and B26

Description of Business and Basis of Presentation (Policies)	12 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The Company has prepared the accompanying financial statements on a consolidated and combined basis. These accompanying Consolidated and Combined Financial Statements, which are referred to herein as the “Financial Statements”, have been prepared in accordance with Generally Accepted Accounting Principles in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). In the opinion of management, the accompanying Financial Statements reflect all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation of the Company’s results as of and for the fiscal years ended September 30, 2016, 2015 and 2014. All intercompany transactions and account balances between the consolidated and combined businesses have been eliminated.
Change in Fiscal Year of Subsidiary	Change in Fiscal Year of Subsidiary Silver Nip Citrus’ fiscal year end was previously June 30, and their financial condition and results of operations as of and for the fiscal years ended June 30, 2015 and 2014 were included in the financial condition and results of operations of the Company as of and for the fiscal years ended September 30, 2015 and 2014 , respectively. Effective October 1, 2015, the fiscal year end for Silver Nip Citrus was changed to September 30 to reflect that of the Company. Accordingly, the Company’s financial condition as of September 30, 2016 and September 30, 2015 now includes the financial condition of Silver Nip Citrus as of September 30, 2016 and September 30, 2015 , respectively, and the Company’s results of operations for the twelve months ended months ended September 30, 2016 and 2015 now includes the Silver Nip Citrus results of operations for the twelve months ended months ended September 30, 2016 and 2015 , respectively.
Segments	Segments Operating segments are defined in the criteria established under the Financial Accounting Standards Board - Accounting Standards Codification (“FASB ASC”) Topic 280 as components of public entities that engage in business activities from which they may earn revenues and incur expenses for which separate financial information is available and which is evaluated regularly by the Company’s chief operating decision maker (“CODM”) in deciding how to assess performance and allocate resources. For the fiscal year ended September 30, 2015 , the Company’s CODM assessed performance and allocated resources based on five operating segments: Citrus Groves, Improved Farmland, Ranch and Conservation, Agricultural Supply Chain Management and Other Operations. Effective October 1, 2015, the former Citrus Groves and Agricultural Supply Chain Management segments have been combined in Orange Co. and, as a result of the disposition of the Company's sugarcane land in fiscal year 2015, it is no longer involved in sugarcane, and the Improved Farmland segment is no longer material to its business and has been combined in Other Operations. The Company’s CODM will assess performance and allocate resources based on three operating segments: Orange Co. , Conservation and Environmental Resources and Other Operations. Disclosures related to the fiscal year ended September 30, 2015 have been revised to be consistent with the current operating segment structure.
Principles of Consolidation and Noncontrolling Interest in Consolidated Affiliate	Principles of Consolidation The Financial Statements include the accounts of Alico, Inc. and the accounts of all the subsidiaries in which a controlling interest is held by the Company. The Financial Statements represent the Consolidated and Combined Balance Sheets, Statements of Operations and Comprehensive Income and Statements of Cash Flows of Alico, Inc. and its subsidiaries. Under U.S. GAAP, consolidation is generally required for investments of more than 50% of the outstanding voting stock of an investee, except when control is not held by the majority owner. The Company’s subsidiaries include: Alico Land Development, Inc., Alico-Agri, Ltd., Alico Plant World, LLC, Alico Fruit Company, LLC, Alico Citrus Nursery, LLC, Alico Chemical Sales, LLC, 734 Citrus Holdings LLC and subsidiaries, Alico Fresh Fruit LLC, Alico Skink Mitigation, LLC and Citree Holdings 1, LLC. The Company considers the criteria established under FASB ASC Topic 810, “Consolidations” in its consolidation process. All significant intercompany balances and transactions have been eliminated in consolidation. Noncontrolling Interest in Consolidated Affiliate The Financial Statements include all assets and liabilities of the less-than- 100% -owned affiliate the Company controls, Citree Holdings I, LLC (“Citree”). Accordingly, the Company has recorded a noncontrolling interest in the equity of such entity.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities as of the date of the accompanying Financial Statements, the disclosure of contingent assets and liabilities in the Financial Statements and the accompanying Notes, and the reported amounts of revenues and expenses and cash flows during the periods presented. Actual results could differ from those estimates based upon future events. The Company evaluates estimates on an ongoing basis. The estimates are based on current and expected economic conditions, historical experience, the experience and judgment of the Company’s management and various other specific assumptions that the Company believes to be reasonable. The Company evaluates its assumptions and estimates on an ongoing basis and may employ outside experts to assist in the Company’s evaluations.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued Accounting Standard Update ("ASU") No. 2014-09, “Revenue from Contracts with Customers,” as a new ASC topic (Topic 606). The core principle of this ASU is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU further provides guidance for any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards (for example, lease contracts). The FASB subsequently issued ASU 2015-14 to defer the effective date of ASU 2014-09 until annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, with earlier adoption permitted. The FASB also recently issued ASU 2016-10, "Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing," and 2016-12, "Revenue from Contracts with Customers: Narrow-Scope Improvements and Practical Expedients," that clarify or amend the original Topic 606. ASU 2014-09 can be adopted using one of two retrospective transition methods: 1) retrospectively to each prior reporting period presented or 2) as a cumulative-effect adjustment as of the date of adoption. The Company has not yet selected a transition method and is currently evaluating the impact of ASU 2014-09 on the Company’s Financial Statements upon adoption. In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements - Going Concern” (Subtopic 205-40): Disclosure of Uncertainty about an Entity's Ability to Continue as a Going Concern ("ASU 2014-15"). ASU 2014-15 provides guidance that establishes management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and setting rules for how this information should be disclosed in the financial statements. This guidance is effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2016, with early adoption permitted. We will adopt this guidance on October 1, 2017 and do not expect it to have a material impact on our Financial Statements upon adoption. In February 2015, the FASB issued ASU No. 2015-02, "Consolidation" (Topic 810): Amendments to the Consolidation Process ("ASU 2015-02"). ASU 2015-02 amends the consolidation analysis for limited partnerships and other variable interest entities ("VIEs"). This guidance, which is effective for annual periods, and interim periods within those annual periods, beginning December 15, 2015, will be adopted on October 1, 2016, and is not expected to have a significant impact on our Financial Statements upon adoption. In April 2015, the FASB issued ASU No. 2015-04, “Compensation - Retirement Benefits” (Topic 715). ASU 2015-04 will allow employers with fiscal year ends that do not coincide with a calendar month end to make an accounting policy election to measure defined benefit plan assets and obligations as of the end of the month closest to their fiscal year ends (i.e., on an alternative measurement date). An employer that makes this election must consistently apply the practical expedient from year to year and to all of its defined benefit plans. ASU 2015-04 will be effective for interim and fiscal periods beginning after December 15, 2015; prospective application is required and early adoption is permitted. The Company will adopt this guidance on October 1, 2016. This guidance is not expected to have a significant impact on our Financial Statements upon adoption. In April 2015, the FASB issued ASU No. 2015-03, “Interest - Imputation of Interest” (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-.03"). ASU 2015-03 changes the presentation of debt issuance costs from an asset to a direct deduction from the related liability. This guidance, which is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years, may be early adopted for financial statements that have not been previously issued and its provisions are to be retrospectively applied as a change in accounting principle. Upon adoption, this guidance is expected to decrease Other Assets, which includes our deferred financing costs on our debt obligations, and comparably decrease Long-term debt on our Balance Sheets. This guidance is not expected to have any impact on our financial condition, results of operations or cash flows. In July 2015, the FASB issued ASU No. 2015-11, “Inventory” (Topic 330): Simplifying the Measurement of Inventory (“ASU 2015-11”). ASU 2015-11 simplifies the measurement of inventory by requiring certain inventory to be subsequently measured at the lower of cost and net realizable value. The amendments in this guidance are effective for fiscal years beginning after December 15, 2016 and for interim periods therein and are not expected to have a significant impact on our Financial Statements upon adoption. In August 2015, the FASB issued ASU No. 2015-15, “Interest—Imputation of Interest” (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements (“ASU 2015-15). In ASU 2015 -15, the SEC adds guidance to Subtopic 835-30 pursuant to the SEC Staff Announcement at the June 18, 2015 Emerging Issues Task Force meeting about the presentation and subsequent measurement of debt issuance costs associated with line-of-credit arrangements. In April 2015, the FASB issued ASU 2015-03, “Interest—Imputation of Interest” (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, which requires entities to present debt issuance costs related to a recognized debt liability as a direct deduction from the carrying amount of that debt liability. According to the SEC, the guidance in ASU 2015-03 does not address presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. Given the absence of authoritative guidance within ASU 2015-03 for debt issuance costs related to line-of-credit arrangements, the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The guidance in ASU 2015-03 is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The guidance in ASU 2015-15 is effective upon issuance. The guidance in ASU 2015-15 and ASU 2015-03 are not expected to have a significant impact on our Financial Statements upon adoption. In September 2015, the FASB issued ASU No. 2015-16, “Business Combinations” (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments (“ASU 2015-16”). ASU 2105-16 requires that (i) an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined, (ii) the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date, and (iii) an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The amendments in this Update apply to all entities that have reported provisional amounts for items in a business combination for which the accounting is incomplete by the end of the reporting period in which the combination occurs and during the measurement period have an adjustment to provisional amounts recognized. The amendments in this guidance are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The amendments in this guidance are not expected to have a significant impact on our Financial Statements upon adoption. In November 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-17, "Balance Sheet Classification of Deferred Taxes" ("ASU 2015-17"), which will require entities to present all deferred tax liabilities and assets as non-current on the balance sheet instead of separating deferred taxes into current and non-current amounts. The standard is effective for annual reporting periods beginning after December 15, 2016, and interim periods within those annual periods. Early application is permitted. The standard can be applied either prospectively to all deferred tax liabilities and assets, or retrospectively to all periods presented. As this standard impacts presentation only, the adoption of ASU 2015-17 is not expected to have an impact on our Financial Statements upon adoption. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)." This guidance will require entities that enter into leases as a lessee to recognize right-of-use assets and lease liabilities for those leases classified as operating leases under previous GAAP. The accounting applied by a lessor is largely unchanged from that applied under previous GAAP. The Company is currently evaluating the impact this guidance will have on our Financial Statements, and it will become effective for Alico at the beginning of its first quarter of fiscal 2020. In March 2016, the FASB issued ASU No. 2016-08, "Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)." The amendment clarifies the implementation guidance for principal versus agent considerations as contained in ASU No. 2014-09, Revenue from Contracts with Customers. The guidance includes indicators to assist an entity in determining whether it controls a specified good or service before it is transferred to a customer. ASU No. 2016-08 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption of ASU No. 2016-08 is permitted but not before December 15, 2016. The Company is currently evaluating the impact of ASU No. 2016-08 on our Financial Statements. In March 2016, the FASB issued ASU 2016-09, “Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” The objective of this update is to simplify several aspects of the accounting for employee share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. This ASU is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the new guidance to determine the impact it may have on our Financial Statements. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230).” This ASU will provide guidance on the presentation and classification of specific cash flow items to improve consistency within the statement of cash flows. The effective date for adoption of this guidance would be our fiscal year beginning October 1, 2018, with early adoption permitted. The Company is currently evaluating the effect that ASU 2016-15 will have on our Financial Statements. In October 2016, the FASB issued ASU 2016-16, “Intra-Entity Transfers of Assets Other Than Inventory” (ASC Topic 740, Income Taxes), which will require an entity to recognize the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. This ASU is effective for the Company on October 1, 2018 with early adoption permitted. The Company has not yet evaluated the effect, if any, that ASU 2016-16 will have on our Financial Statements. The Company has reviewed other recently issued accounting standards which have not yet been adopted in order to determine their potential effect, if any, on the results of operations or financial condition. Based on the review of these other recently issued standards, the Company does not currently believe that any of those accounting pronouncements will have a significant effect on its current or future financial position, results of operations, cash flows or disclosures.
Seasonality	Seasonality The Company is primarily engaged in the production of fruit for sale to citrus markets, which is of a seasonal nature, and subject to the influence of natural phenomena and wide price fluctuations. Historically, the second and third quarters of our fiscal year generally produce the majority of our annual revenue, and working capital requirements are typically greater in the first and fourth quarters of the fiscal year. The results of the reported periods herein are not necessarily indicative of the results for any other interim periods or the entire fiscal year. Revenue Recognition Revenues from agricultural crops are recognized at the time the crop is harvested and delivered to the customer. Receivables from crops sold are recorded for the estimated proceeds to be received from the customer on a quarterly basis, management reviews the reasonableness of the revenues accrued based on buyers’ and processors’ advances to growers, cash and futures markets and experience in the industry. Adjustments are made throughout the year to these estimates as more current relevant information regarding the specific markets becomes available. Differences between the estimates and the final realization of revenues can be significant and can be either an increase or decrease to reported revenues. During the periods presented in this report, no material adjustments were made to the reported revenues of the Company’s crops. Alico recognizes revenues from cattle sales at the time the cattle are delivered. Alico Fruit Company, LLC ("AFC") operations primarily consist of providing supply chain management services to Alico, as well as to other citrus growers and processors in the state of Florida. AFC also purchases and resells citrus fruit; in these transactions, AFC (i) acts as a principal; (ii) takes title to the products; and (iii) has the risks and rewards of ownership, including the risk of loss for collection, delivery or returns. Therefore, AFC recognizes revenues based on the gross amounts due from customers for its marketing activities. Supply chain management services revenues are recognized when the services are performed.

Summary of Significant Accou27

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Business Combinations	Business Combinations The Company accounts for its business acquisitions under the acquisition method of accounting as indicated in FASB ASC No. 805, “Business Combinations”, which requires the acquiring entity in a business combination to recognize the fair value of all assets acquired, liabilities assumed and any noncontrolling interest in the acquiree, and establishes the acquisition date as the fair value measurement point. Accordingly, the Company recognizes assets acquired and liabilities assumed in business combinations, including contingent assets and liabilities and noncontrolling interest in the acquiree, based on fair value estimates as of the date of acquisition. In accordance with FASB ASC No. 805, the Company recognizes and measures goodwill, if any, as of the acquisition date, as the excess of the fair value of the consideration paid over the fair value of the identified net assets acquired. When we acquire a business from an entity under common control, whereby the companies are ultimately controlled by the same party or parties both before and after the transaction, it is treated similar to the pooling of interests method of accounting. The assets and liabilities are recorded at the transferring entity’s historical cost instead of reflecting the fair value of assets and liabilities.
Revenue Recognition	Seasonality The Company is primarily engaged in the production of fruit for sale to citrus markets, which is of a seasonal nature, and subject to the influence of natural phenomena and wide price fluctuations. Historically, the second and third quarters of our fiscal year generally produce the majority of our annual revenue, and working capital requirements are typically greater in the first and fourth quarters of the fiscal year. The results of the reported periods herein are not necessarily indicative of the results for any other interim periods or the entire fiscal year. Revenue Recognition Revenues from agricultural crops are recognized at the time the crop is harvested and delivered to the customer. Receivables from crops sold are recorded for the estimated proceeds to be received from the customer on a quarterly basis, management reviews the reasonableness of the revenues accrued based on buyers’ and processors’ advances to growers, cash and futures markets and experience in the industry. Adjustments are made throughout the year to these estimates as more current relevant information regarding the specific markets becomes available. Differences between the estimates and the final realization of revenues can be significant and can be either an increase or decrease to reported revenues. During the periods presented in this report, no material adjustments were made to the reported revenues of the Company’s crops. Alico recognizes revenues from cattle sales at the time the cattle are delivered. Alico Fruit Company, LLC ("AFC") operations primarily consist of providing supply chain management services to Alico, as well as to other citrus growers and processors in the state of Florida. AFC also purchases and resells citrus fruit; in these transactions, AFC (i) acts as a principal; (ii) takes title to the products; and (iii) has the risks and rewards of ownership, including the risk of loss for collection, delivery or returns. Therefore, AFC recognizes revenues based on the gross amounts due from customers for its marketing activities. Supply chain management services revenues are recognized when the services are performed.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers cash in banks and highly liquid instruments with an original maturity of three months or less to be cash and cash equivalents.
Accounts receivable	Accounts receivable Accounts receivable from customers are generated from revenues based on the sale of citrus, cattle, leasing and other transactions. The Company grants credit in the course of its operations to third party customers. The Company performs periodic credit evaluations of its customers’ financial condition and generally does not require collateral. The Company provides an allowance for doubtful accounts equal to the estimated uncollectible amounts based on the aging of accounts receivable. The estimate, evaluated monthly by the Company, is based on historical collection experience, current macroeconomic climate and market conditions and a review of the current status each customer’s account. Changes in the financial viability of significant customers and worsening of economic conditions may require changes to its estimate of the recoverability of the receivables. Such changes in estimates are recorded in the period in which these changes become known. The allowance for doubtful accounts is charged to general and administrative expenses in the Consolidated and Combined Statements of Operations and Comprehensive Income.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The carrying amounts of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their fair values due to the short term and immediate nature of these financial instruments. The carrying amounts of our debt approximate fair value due to the transactions are with commercial lenders at interest rates that vary with market conditions and fixed rates that approximate market rates for obligations with similar terms and maturities
Concentrations	Concentrations Revenues and accounts receivable from the Company’s major customers as of September 30, 2016 and 2015 and for the fiscal years ended September 30, 2016 , 2015 and 2014 , are as follows: (in thousands) Accounts Receivable Revenue % of Total Revenue 2016 2015 2016 2015 2014 2016 2015 2014 USSC $ — $ — $ — $ — $ 19,633 — % — % 18.9 % Florida Orange Marketers, Inc. $ — $ — $ — $ — $ 23,826 — % — % 22.9 % Citrosuco North America, Inc. $ — $ — $ 1,296 $ 3,870 $ 804 0.9 % 2.5 % 0.8 % Louis Dreyfus $ — $ — $ — $ 22,460 $ 24,135 — % 14.7 % 23.2 % Cutrale Citrus Juice $ — $ — $ 22,735 $ 23,556 $ 3,984 15.8 % 15.4 % 3.8 % Minute Maid $ — $ — $ 49,271 $ 57,484 $ — 34.2 % 37.5 % — % Tropicana $ 1,710 $ 1,019 $ 46,898 $ 21,925 $ 16,433 32.5 % 14.3 % 15.8 % The citrus industry is subject to various factors over which growers have limited or no control, including weather conditions, disease, pestilence, water supply and market price fluctuations. Market prices are highly sensitive to aggregate domestic and foreign crop sizes, as well as factors including, but not limited to, weather and competition from foreign countries.
Real Estate	Real Estate In recognizing revenues from land sales, the Company applies specific revenue recognition criteria, in accordance with U.S. GAAP, to determine when land sales revenues can be recorded. For example, in order to fully recognize a gain resulting from a real estate transaction, the sale must be consummated with a sufficient down payment of at least 20% to 25% of the sales price depending upon the type and timeframe for development of the property sold and any receivable from the sale cannot be subject to future subordination. In addition, the seller cannot retain any material continuing involvement in the property sold. When these criteria are not met, the Company recognizes a gain proportionate to collections utilizing either the installment method or deposit method as appropriate.
Inventories	Inventories The costs of growing crops, including but not limited to labor, fertilization, fuel, crop nutrition and irrigation, are capitalized into inventory throughout the respective crop year. Such costs are expensed as cost of sales when the crops are harvested and are recorded as operating expenses in the Consolidated and Combined Statements of Operations and Comprehensive Income. Inventories are stated at the lower of cost or net realizable value. The cost for unharvested citrus crops is based on accumulated production costs incurred during the period from January 1 through the balance sheet date. The cost of the beef cattle inventory is based on the accumulated cost of developing such animals for sale from July 1 through the balance sheet date
Property and Equipment	Property and Equipment Property and equipment, which includes amounts under capitalized leases, are stated at cost, net of accumulated depreciation and amortization. Major improvements are capitalized while expenditures for maintenance and repairs are expensed when incurred. Costs related to the development of citrus groves through planting of trees are capitalized. Such costs include land clearing, excavation and construction of ditches, dikes, roads, and reservoirs, among other costs. After the planting, caretaking costs or pre-productive maintenance costs are capitalized for four years. After four years, a grove is considered to have reached maturity and the accumulated costs are depreciated over 25 years, except for land clearing and excavation, which are considered costs of land and not depreciated. The breeding herd consists of purchased animals and animals raised on the Company’s ranches. Purchased animals are stated at the cost of acquisition. The cost of animals raised on the ranch is based on the accumulated cost of developing such animals for productive use. Real estate costs incurred for the acquisition, development and construction of real estate projects are capitalized. Depreciation is provided on a straight-line basis over the estimated useful lives of the depreciable assets, with the exception of leasehold improvements and assets acquired through capital leases, which are depreciated over their estimated useful lives if the lease transfers ownership or contains a bargain purchase option, otherwise the term of the lease. 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 Breeding herd 5-7 years Changes in circumstances, such as technological advances or changes to our business model or capital strategy could result in the actual useful lives differing from the original estimates. In those cases where we determine that the useful life of property and equipment should be shortened, we would depreciate the asset over its revised estimated remaining useful life, thereby increasing depreciation expense
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company records impairment losses on long-lived assets used in operations, other than goodwill, when events and circumstances indicate that the assets might be impaired and the estimated cash flows (undiscounted and without interest charges) to be generated by those assets over the remaining lives of the assets are less than the carrying amounts of those assets. The net carrying values of assets not recoverable are reduced to their fair values. Our cash flow estimates are based on historical results adjusted to reflect our best estimates of future market conditions and operating conditions.
Other Non-Current Assets	Other Non-Current Assets Other non-current assets primarily include investments owned in agricultural cooperatives, cash surrender value on life insurance and equity investment in affiliate (Magnolia). Investments in stock related to agricultural cooperatives are carried at cost.
Income Taxes	Income Taxes The Company complies with the asset and liability method of accounting for deferred income taxes. The provision for income taxes includes income taxes currently payable and those deferred as a result of temporary differences between the financial statements and the income tax basis of assets and liabilities. Deferred income tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of a change in income tax rates on deferred income tax assets and liabilities is recognized in income or loss in the period that includes the enactment date. A valuation allowance is provided to reduce deferred tax assets to the amount of future tax benefit when it is more likely than not that some portion of the deferred tax assets will not be realized. Projected future taxable income and ongoing tax planning strategies are considered and evaluated when assessing the need for a valuation allowance. Any increase or decrease in a valuation allowance could have a material adverse or beneficial impact on the Company’s income tax provision and net income or loss in the period the determination is made. As of September 30, 2016 and 2015 , the Company did not record a valuation allowance on deferred tax assets. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which a change in judgment occurs. The Company records interest related to unrecognized tax benefits in income tax expense.
Earnings per Share	Earnings per Share Basic earnings per share for our common stock is calculated by dividing net income attributable to Alico common stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted earnings per common share is similarly calculated, except that the calculation includes the dilutive effect of the assumed issuance of shares of common stock issuable under equity-based compensation plans in accordance with the treasury stock method, or any other type of securities convertible into common stock, except where the inclusion of such common shares would have an anti-dilutive effect.
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation is measured based on the fair value of the equity award at the grant date and is typically expensed on a straight-line basis over the vesting period. Upon the vesting of restricted stock, the Company issues common stock from common shares held in treasury. The Company measures the cost of employee services on the grant date fair value of the equity award. The cost is recognized over the period during which the employee is required to provide services in exchange for the equity award (usually the vesting period).
Equity Method Investments and Variable Interest Entities	Equity Method Investments and Variable Interest Entities The Company evaluates the method of accounting for investments in which it does not hold an equity interest of at least 50% based on the amount of control it exercises over the operations of the investee, exposure to losses in excess of its investment, the ability to significantly influence the investee and whether the Company is the primary beneficiary of the investee. Investments not qualifying for consolidation are accounted for under the equity method whereby the ongoing investment in the entity, consisting of its initial investment adjusted for distributions, gains and losses of the entity are classified as a single line in the balance sheet and as a non-operating item in the income statement.

Summary of Significant Accou28

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Schedule of Accounts Receivable, Net	The following table presents accounts receivable, net for fiscal years ended September 30, 2016 and 2015 : (in thousands) September 30, 2016 2015 Accounts receivable $ 4,753 $ 3,145 Allowance for doubtful accounts (13 ) (8 ) Accounts receivable, net $ 4,740 $ 3,137
Schedule of Revenues and Accounts Receivable From Major Customers	Concentrations Revenues and accounts receivable from the Company’s major customers as of September 30, 2016 and 2015 and for the fiscal years ended September 30, 2016 , 2015 and 2014 , are as follows: (in thousands) Accounts Receivable Revenue % of Total Revenue 2016 2015 2016 2015 2014 2016 2015 2014 USSC $ — $ — $ — $ — $ 19,633 — % — % 18.9 % Florida Orange Marketers, Inc. $ — $ — $ — $ — $ 23,826 — % — % 22.9 % Citrosuco North America, Inc. $ — $ — $ 1,296 $ 3,870 $ 804 0.9 % 2.5 % 0.8 % Louis Dreyfus $ — $ — $ — $ 22,460 $ 24,135 — % 14.7 % 23.2 % Cutrale Citrus Juice $ — $ — $ 22,735 $ 23,556 $ 3,984 15.8 % 15.4 % 3.8 % Minute Maid $ — $ — $ 49,271 $ 57,484 $ — 34.2 % 37.5 % — % Tropicana $ 1,710 $ 1,019 $ 46,898 $ 21,925 $ 16,433 32.5 % 14.3 % 15.8 %
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 Breeding herd 5-7 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, 2016 , 2015 and 2014 : (in thousands) Fiscal Year Ended September 30, 2016 2015 2014 Weighted Average Common Shares Outstanding - Basic 8,303 8,056 7,336 Unvested Restricted Stock Awards 8 5 18 Weighted Average Common Shares Outstanding - Diluted 8,311 8,061 7,354
Schedule of Stock-based Compensation Expense	Total stock-based compensation expense for the three years ended September 30, 2016 in general and administrative expense was as follows: (in thousands) Fiscal Year Ended September 30, 2016 2015 2014 Stock compensation expense: Executives $ 150 $ 55 $ 195 Board of Directors 774 762 1,061 Members — 135 579 Total stock compensation expense $ 924 $ 952 $ 1,835

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	12 Months Ended
	Sep. 30, 2016
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
Scedule of Contractual Obligation, Fiscal Year Maturity	Estimated payments over the remaining term of the post-closing agreement are summarized in the following table. (in thousands) 2017 $ 1,602 2018 1,527 2019 1,885 2020 2,266 2021 2,668 Thereafter 20,723 Total $ 30,671
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
DeSoto County
Business Acquisition [Line Items]
Schedule of assets acquired and liabilities assumed	Assets acquired in the acquisition are as follows: (in thousands) Amount Inventories $ 1,148 Property and Equipment: Citrus Trees 9,633 Land 3,902 Equipment and other facilities 1,834 Total cash paid $ 16,517
TRB
Business Acquisition [Line Items]
Schedule of assets acquired and liabilities assumed	Assets acquired and liabilities assumed in the TRB acquisition are as follows: (in thousands) Assets: Amount Prepaid expenses $ 90 Inventories 2,155 Property and equipment: Citrus trees 10,009 Land and land improvements 5,007 Equipment and other facilities 1,038 Total assets $ 18,299 Liabilities: $ 41 Assets acquired less liabilities assumed $ 18,258

Common Control Acquisition (Tab

Common Control Acquisition (Tables)	12 Months Ended
	Sep. 30, 2016
Business Combinations [Abstract]
Schedule of results of operations	Separate results for the Company and Silver Nip Citrus for the fiscal years ended September 30, 2015 and 2014 were as follows: (in thousands except per share amounts) Fiscal Year Ended Fiscal Year Ended September 30, 2015 September 30, 2014 Silver Nip Silver Nip Alico Citrus Total Alico Citrus Total Operating revenue $ 131,722 $ 21,404 $ 153,126 $ 88,680 $ 15,323 $ 104,003 Gross profit $ 31,212 $ 4,787 $ 35,999 $ 18,297 $ 2,897 $ 21,194 Income from operations $ 15,654 $ 3,851 $ 19,505 $ 7,856 $ 1,527 $ 9,383 Net income $ 9,791 $ 3,392 $ 13,183 $ 8,050 $ 1,445 $ 9,495 Earnings per common share: Basic $ 1.20 $ 0.42 $ 1.64 $ 1.10 $ 0.20 $ 1.29 Diluted $ 1.22 $ 0.42 $ 1.64 $ 1.10 $ 0.20 $ 1.29

Long-Term Debt and Lines of C31

Long-Term Debt and Lines of Credit - (Tables)	12 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Schedule of long-term debt, net of current portion	September 30, 2016 2015 (in thousands) Long-term debt, net of current portion: Metropolitan Life Insurance Company and New England Life Insurance Company fixed rate term loans in the original principal amount of $125,000,000: the loans bear interest at the rate of 4.15% per annum. The loans are collateralized by real estate and mature in November 2029. $ 105,312 $ 111,563 Metropolitan Life Insurance Company and New England Life Insurance Company variable rate term loans in the original principal amount of $57,500,000: the variable interest rate was 2.25% per annum at September 30, 2016. The loans are collateralized by real estate and mature in November 2029. 52,469 55,344 Metropolitan Life Insurance Company term loan: the loan bears interest at the rate of 5.28% per annum as of September 30, 2016. The loan is secured by real estate and matures in February 2029. 5,000 2,500 Prudential Mortgage Capital Company, LLC fixed rate term loans: the loans bear interest at the rate of 5.35% per annum as of September 30, 2016. The loans are collateralized by real estate and mature in June 2033. 24,190 25,350 Prudential Mortgage Capital Company, LLC fixed rate term loan: the loan bears interest at the rate of 3.85% per annum as of September 30, 2016. The loan is collateralized by real estate and matures in September 2021. 5,115 5,335 Prudential Mortgage Capital Company, LLC fixed rate term loan: the loan bears interest at the rate of 3.45% per annum as of September 30, 2016. The loan is collateralized by real estate and matures in September 2039. 5,115 5,335 Note payable to a financing company secured by equipment and maturing in December 2016. 18 54 197,219 205,481 Less current portion 4,493 4,511 Long-term debt $ 192,726 $ 200,970
Schedule of lines of credit	September 30, 2016 2015 (in thousands) Lines of Credit: Metropolitan Life Insurance Company and New England Life Insurance Company revolving line of credit: this $25,000,000 line bears interest at a variable rate which was 2.25% per annum as of September 30, 2016. The line is secured by real estate and matures in November 2019. Availability under the line was $20,000,000 as of September 30, 2016. $ 5,000 $ — Rabo Agrifinance, Inc. working capital line of credit: this $70,000,000 line bears interest at a variable rate which was 2.27% per annum as of September 30, 2016. The line is secured by personal property and matures in November, 2018. Availability under the line was $59,800,000 at September 30, 2016. — — Lines of Credit $ 5,000 $ —
Schedule of future maturities of debt and lines of credit	Future maturities of debt and lines of credit as of September 30, 2016 are as follows: (in thousands) Due within one year $ 4,493 Due between one and two years 8,300 Due between two and three years 10,900 Due between three and four years 15,963 Due between four and five years 10,975 Due beyond five years 151,588 Total future maturities $ 202,219
Schedule of interest costs expensed and capitalized	Interest costs expensed and capitalized were as follows: (in thousands) Fiscal Year Ended September 30, 2016 2015 2014 Interest expense $ 9,893 $ 8,366 $ 2,368 Interest capitalized 172 345 182 Total $ 10,065 $ 8,711 $ 2,550

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Sep. 30, 2016
Inventory Disclosure [Abstract]
Schedule of inventories	Inventories consist of the following at September 30, 2016 and September 30, 2015 : (in thousands) September 30, 2016 2015 Unharvested fruit crop on the trees $ 52,204 $ 52,497 Beef cattle 783 1,612 Citrus tree nursery 3,090 2,854 Other 2,392 1,310 Total inventories $ 58,469 $ 58,273

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Schedule of property and equipment, net	Property and equipment, net consists of the following at September 30, 2016 and September 30, 2015 : (in thousands) September 30, 2016 2015 Citrus trees $ 253,665 $ 247,488 Equipment and other facilities 59,355 56,200 Buildings and improvements 21,780 21,259 Breeding herd 10,921 11,924 Total depreciable properties 345,721 336,871 Less: accumulated depreciation, depletion and amortization (83,122 ) (70,200 ) Net depreciable properties 262,599 266,671 Land and land improvements 116,648 114,428 Net property and equipment $ 379,247 $ 381,099

Prepaid Expenses and Other As34

Prepaid Expenses and Other Assets (Tables)	12 Months Ended
	Sep. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Assets	Other Assets consist of the following at September 30, 2016 and 2015 : (in thousands) September 30, 2016 September 30, 2015 Current Non-Current Current Non-Current Investments in agricultural cooperatives $ — $ 146 $ — $ 846 Cash surrender value — 445 — 722 Equity investment in affiliate — 543 — 817 Tree deposits — 164 — 166 Guaranteed payments on sugarcane sale 1,236 — 843 — Prepaid insurance 955 — 811 — Other 70 394 137 451 Total prepaid expenses and other assets $ 2,261 $ 1,692 $ 1,791 $ 3,002

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Sep. 30, 2016
Payables and Accruals [Abstract]
Schedule of accrued liabilities	Accrued Liabilities consist of the following at September 30, 2016 and September 30, 2015 : (in thousands) September 30, 2016 2015 Ad valorem taxes $ 2,736 $ 2,700 Accrued interest 1,135 1,154 Accrued employee wages and benefits 964 456 Inventory received but not invoiced 710 665 Accrued dividends 498 500 Current portion of deferred retirement obligations 342 342 Additional purchase price consideration — 7,500 Other accrued liabilities 535 496 Total accrued liabilities $ 6,920 $ 13,813

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	12 Months Ended
	Sep. 30, 2016
Other Liabilities Disclosure [Abstract]
Schedule of Other Current Liabilities	Other current liabilities consist of the following at September 30, 2016 and 2015 : (in thousands) September 30, 2016 2015 Deposits - Farm land leases $ 403 $ 397 Deposits - Recreation land leases 562 541 Other 37 37 Total other current liabilities $ 1,002 $ 975

Treasury Stock (Tables)

Treasury Stock (Tables)	12 Months Ended
	Sep. 30, 2016
Stockholders' Equity Note [Abstract]
Schedule of Treasury Stock Purchases	The following table illustrates the Company’s treasury stock purchases for the fiscal years ended September 30, 2016, 2015 and 2014: (in thousands, except share amounts) Total Number of Average Price Total Shares Purchased as Part of Publicly Announced Plan or Program Total Dollar Value of Shares Purchased Fiscal Year Ended September 30,: 2016 78,446 $ 40.04 545,995 $ 3,141 2015 91,554 $ 43.83 467,549 $ 4,013 2014 118,792 $ 40.78 375,995 $ 4,844
Schedule of Treasury Stock Transactions	The following table outlines the Company’s treasury stock transactions during the past three fiscal years: (in thousands, except share amounts) Shares Cost Balance at September 30, 2013 73,538 $ 2,816 Purchased 118,792 4,844 Issued to Employees and Directors (176,564 ) (7,010 ) Balance at September 30, 2014 15,766 650 Purchased 91,554 4,013 Issued to Employees and Directors (16,755 ) (701 ) Balance at September 30, 2015 90,565 3,962 Purchased 78,446 3,141 Issued to Employees and Directors (35,478 ) (1,035 ) Issued to former Silver Nip Citrus equity holders (32,923 ) (1,483 ) Balance at September 30, 2016 100,610 $ 4,585

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Schedule of Provision for Income Tax	The provision for income tax for the years ended September 30, 2016 , 2015 and 2014 consists of the following: (in thousands) Fiscal Year Ended September 30, 2016 2015 2014 Current: Federal income tax $ 244 $ (1,348 ) $ 4,035 State income tax — (98 ) 543 Total current 244 (1,446 ) 4,578 Deferred: Federal income tax 4,538 10,432 6,160 State income tax 739 1,919 645 Total deferred 5,277 12,351 6,805 Total provision for income taxes $ 5,521 $ 10,905 $ 11,383
Schedule of Income Tax Provision Attributable to Income from Continuing Operations	Income tax provision (benefit) attributable to income from continuing operations differed from the amount computed by applying the statutory federal income tax rate of 35% to pre-tax income as a result of the following: (in thousands) Fiscal Year Ended September 30, 2016 2015 2014 Tax at the statutory federal rate $ 4,382 $ 9,335 $ 8,117 Increase (decrease) resulting from: State income taxes, net of federal benefit 457 1,279 183 Permanent and other reconciling items, net 773 280 3,083 Other (91 ) 11 — Total provision for income taxes $ 5,521 $ 10,905 $ 11,383
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of September 30, 2016 , and 2015 are presented below: (in thousands) September 30, 2016 2015 Deferred tax assets: Deferred retirement benefits $ 1,620 $ 1,595 Inventories 912 230 Alico-Agri, Ltd. outside basis differences 474 467 Goodwill 36,217 39,081 Deferred gain recognition 10,964 11,234 Capital loss carry forward 9,702 12,804 Alternative minimum tax credits 197 — Net operating loss 5,844 7,141 Other 765 200 Total deferred tax assets 66,695 72,752 Deferred tax liabilities: Revenue recognized from citrus and sugarcane 282 223 Property and equipment 95,149 93,849 Accrual-to-cash method 1,908 3,905 Prepaid insurance 331 256 Investment in Magnolia 82 299 Total deferred tax liabilities 97,752 98,532 Net deferred income tax liability $ (31,057 ) $ (25,780 )
Schedule of Deferred Tax Liabilities, Current and Non-current	Deferred taxes are included in the accompanying Consolidated and Combined Balance Sheets are as follows: (in thousands) September 30, 2016 2015 Deferred tax liabilities, current $ 53 $ 151 Deferred tax liabilities, non-current 31,004 25,629 Total deferred tax liabilities $ 31,057 $ 25,780

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Schedule of Information by Business Segment	Total revenues represent sales to unaffiliated custo

Employee Benefits Plans (Tables

Employee Benefits Plans (Tables)	12 Months Ended
	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of MSP Benefit Expense Charged to Costs and Expenses	The amount of MSP benefit expense charged to costs and expenses was as follows: (in thousands) Fiscal Year Ended September 30, 2016 2015 2014 Service cost $ 213 $ 195 $ 195 Interest cost 210 197 (23 ) Recognized actuarial loss adjustment (5 ) 231 — Total $ 418 $ 623 $ 172
Summary of Roll-forward of the MSP Benefit Obligation	The following provides a roll-forward of the MSP benefit obligation: (in thousands) September 30, 2016 2015 Change in projected benefit obligation: Benefit obligation at beginning of year $ 4,476 $ 4,198 Service cost 213 195 Interest cost 210 197 Benefits paid (351 ) (345 ) Recognized actuarial loss adjustment (5 ) 231 Benefit obligation at end of year $ 4,543 $ 4,476 Funded status at end of year $ (4,543 ) $ (4,476 )

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	The future minimum annual rental payments under non-cancelable operating leases are as follows: (in thousands) 2017 $ 662 2018 353 2019 5 2020 1 2021 — Total $ 1,021
Schedule of Future Minimum Lease Payments for Capital Leases	The future minimum annual rental payments under non-cancelable capital leases are as follows: (in thousands) Principal Interest Total 2017 $ 288 $ 24 $ 312 2018 300 12 312 Total $ 588 $ 36 $ 624

Selected Quarterly Financial 42

Selected Quarterly Financial Data (unaudited) (Tables)	12 Months Ended
	Sep. 30, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Data	Summarized quarterly financial data for the fiscal years ended September 30, 2016 , and 2015 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, 2015 2014 2016 2015 2016 2015 2016 2015 Total operating revenue $ 20,604 $ 19,070 $ 71,889 $ 60,012 $ 46,853 $ 71,670 $ 4,850 $ 2,374 Total operating expenses 19,238 15,798 52,374 48,336 33,170 50,643 4,355 2,350 Gross profit 1,366 3,272 19,515 11,676 13,683 21,027 495 24 General and administrative 3,925 5,484 2,849 3,499 2,747 2,949 3,692 4,562 Other (expense) income, net (2,535 ) 11,181 (1,840 ) (2,824 ) (2,874 ) (2,258 ) (2,117 ) (1,516 ) Income (loss) before income taxes (5,094 ) 8,969 14,826 5,353 8,062 15,820 (5,314 ) (6,054 ) Income tax expense (benefit) (2,075 ) 3,763 6,102 1,127 3,392 6,644 (1,898 ) (629 ) Net income (loss) $ (3,019 ) $ 5,206 $ 8,724 $ 4,226 $ 4,670 $ 9,176 $ (3,416 ) $ (5,425 ) Net loss attributable to noncontrolling interests 8 — 10 — 11 — 5 31 Net income attributable to Alico Inc. common stockholders $ (3,011 ) $ 5,206 $ 8,734 $ 4,226 $ 4,681 $ 9,176 $ (3,411 ) $ (5,394 ) Earnings per share: Basic $ (0.36 ) $ 0.71 $ 1.05 $ 0.51 $ 0.56 $ 1.11 $ (0.41 ) $ 0.65 Diluted $ (0.36 ) $ 0.71 $ 1.05 $ 0.51 $ 0.56 $ 1.11 $ (0.41 ) $ 0.65

Description of Business and B43

Description of Business and Basis of Presentation (Details) $ / shares in Units, a in Thousands	Oct. 01, 2015USD ($)segment	Mar. 31, 2016USD ($)	Sep. 30, 2016USD ($)aclassification$ / shares	Jun. 30, 2016USD ($)$ / shares	Mar. 31, 2016USD ($)$ / shares	Dec. 31, 2015USD ($)$ / shares	Sep. 30, 2015USD ($)$ / shares	Jun. 30, 2015USD ($)$ / shares	Mar. 31, 2015USD ($)$ / shares	Dec. 31, 2014USD ($)$ / shares	Sep. 30, 2016USD ($)aclassificationsegment$ / shares	Sep. 30, 2015USD ($)segment$ / shares	Sep. 30, 2014USD ($)$ / shares	Feb. 28, 2015	Nov. 19, 2013
Property, Plant and Equipment [Line Items]
Number of business segments | segment	3										3	5
Income tax expense (benefit)			$ (1,898,000)	$ 3,392,000	$ 6,102,000	$ (2,075,000)	$ (629,000)	$ 6,644,000	$ 1,127,000	$ 3,763,000	$ 5,521,000	$ 10,905,000	$ 11,383,000
Deferred tax liability			31,004,000				25,629,000				31,004,000	25,629,000
Reduction in additional paid in capital			(18,155,000)				(19,795,000)				(18,155,000)	(19,795,000)
Net loss			$ 3,416,000	$ (4,670,000)	$ (8,724,000)	$ 3,019,000	$ 5,425,000	$ (9,176,000)	$ (4,226,000)	$ (5,206,000)	(6,959,000)	(13,183,000)	$ (9,495,000)
Net income attributable to parent											$ 35,307	$ 32,647
Diluted (in dollars per share) | $ / shares			$ (0.41)	$ 0.56	$ 1.05	$ (0.36)	$ 0.65	$ 1.11	$ 0.51	$ 0.71	$ 0.84	$ 1.64	$ 1.29
Citree
Property, Plant and Equipment [Line Items]
Net loss attributable to noncontrolling interest											$ 69,230	$ 64,014
Alico Inc
Property, Plant and Equipment [Line Items]
Ownership interest (as a percent)															51.00%
Alico Inc | Silver Nip Citrus
Property, Plant and Equipment [Line Items]
Ownership interest (as a percent)														74.89%
Mr. Clay Wilson | Silver Nip Citrus
Property, Plant and Equipment [Line Items]
Ownership interest (as a percent)														5.00%
Entity Controlled by Mr. Clay Wilson | Silver Nip Citrus
Property, Plant and Equipment [Line Items]
Ownership interest (as a percent)														20.11%
Subsidiaries
Property, Plant and Equipment [Line Items]
Decrease to total assets	$ 492,000
Net loss	$ 596,000
Land
Property, Plant and Equipment [Line Items]
Area of land owned (in acres) | a			122								122
Number of primary classifications | classification			2								2
Mineral Rights
Property, Plant and Equipment [Line Items]
Area of land owned (in acres) | a			90								90
Immaterial Error Correction
Property, Plant and Equipment [Line Items]
Income tax expense (benefit)		$ 1,494,000
Deferred tax liability													$ 1,494,000
Reduction in additional paid in capital													$ 1,494,000
Diluted (in dollars per share) | $ / shares													$ 0.20

Summary of Significant Accou44

Summary of Significant Accounting Policies - Accounts Receivable (Details) - USD ($)	Sep. 30, 2016	Sep. 30, 2015
Accounting Policies [Abstract]
Allowance for doubtful accounts	$ 12,900	$ 8,300

Summary of Significant Accou45

Summary of Significant Accounting Policies - Schedule of Accounts Receivable (Details) - USD ($)	Sep. 30, 2016	Sep. 30, 2015
Accounting Policies [Abstract]
Accounts receivable	$ 4,753,000	$ 3,145,000
Allowance for doubtful accounts	(12,900)	(8,300)
Accounts receivable, net	$ 4,740,000	$ 3,137,000

Summary of Significant Accou46

Summary of Significant Accounting Policies - Concentrations (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Concentration Risk [Line Items]
Accounts Receivable	$ 4,740				$ 3,137				$ 4,740	$ 3,137
Operating revenue	4,850	$ 46,853	$ 71,889	$ 20,604	2,374	$ 71,670	$ 60,012	$ 19,070	144,196	153,126	$ 104,003
Customer Concentration Risk | USSC
Concentration Risk [Line Items]
Accounts Receivable	0				0				0	0
Operating revenue									$ 0	$ 0	$ 19,633
% of Total Revenue									0.00%	0.00%	18.90%
Customer Concentration Risk | Florida Orange Marketers, Inc.
Concentration Risk [Line Items]
Accounts Receivable	0				0				$ 0	$ 0
Operating revenue									$ 0	$ 0	$ 23,826
% of Total Revenue									0.00%	0.00%	22.90%
Customer Concentration Risk | Citrosuco North America, Inc.
Concentration Risk [Line Items]
Accounts Receivable	0				0				$ 0	$ 0
Operating revenue									$ 1,296	$ 3,870	$ 804
% of Total Revenue									0.90%	2.50%	0.80%
Customer Concentration Risk | Louis Dreyfus
Concentration Risk [Line Items]
Accounts Receivable	0				0				$ 0	$ 0
Operating revenue									$ 0	$ 22,460	$ 24,135
% of Total Revenue									0.00%	14.70%	23.20%
Customer Concentration Risk | Cutrale Citrus Juice
Concentration Risk [Line Items]
Accounts Receivable	0				0				$ 0	$ 0
Operating revenue									$ 22,735	$ 23,556	$ 3,984
% of Total Revenue									15.80%	15.40%	3.80%
Customer Concentration Risk | Minute Maid
Concentration Risk [Line Items]
Accounts Receivable	0				0				$ 0	$ 0
Operating revenue									$ 49,271	$ 57,484	$ 0
% of Total Revenue									34.20%	37.50%	0.00%
Customer Concentration Risk | Tropicana
Concentration Risk [Line Items]
Accounts Receivable	$ 1,710				$ 1,019				$ 1,710	$ 1,019
Operating revenue									$ 46,898	$ 21,925	$ 16,433
% of Total Revenue									32.50%	14.30%	15.80%

Summary of Significant Accou47

Summary of Significant Accounting Policies - Real Estate (Details)	12 Months Ended
	Sep. 30, 2016
Minimum
Real Estate Properties [Line Items]
Percentage of sales price (at least)	20.00%
Maximum
Real Estate Properties [Line Items]
Percentage of sales price (at least)	25.00%

Summary of Significant Accou48

Summary of Significant Accounting Policies - Property and Equipment (Details)	12 Months Ended
	Sep. 30, 2016
Citrus trees
Property, Plant and Equipment [Line Items]
Pre-productive maintenance costs capitalization period	4 years
Accumulated costs depreciation period	25 years
Equipment and other facilities | Minimum
Property, Plant and Equipment [Line Items]
Accumulated costs depreciation period	3 years
Equipment and other facilities | Maximum
Property, Plant and Equipment [Line Items]
Accumulated costs depreciation period	20 years
Buildings and improvements | Minimum
Property, Plant and Equipment [Line Items]
Accumulated costs depreciation period	25 years
Buildings and improvements | Maximum
Property, Plant and Equipment [Line Items]
Accumulated costs depreciation period	39 years
Breeding herd | Minimum
Property, Plant and Equipment [Line Items]
Accumulated costs depreciation period	5 years
Breeding herd | Maximum
Property, Plant and Equipment [Line Items]
Accumulated costs depreciation period	7 years

Summary of Significant Accou49

Summary of Significant Accounting Policies - Impairment of Long-Lived Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Accounting Policies [Abstract]
Impairment loss	$ 0	$ 541	$ 0

Summary of Significant Accou50

Summary of Significant Accounting Policies - Schedule of Reconciliation of Basic to Diluted Weighted Average Shares Outstanding (Details) - shares shares in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Accounting Policies [Abstract]
Weighted Average Shares Outstanding - Basic (in shares)	8,303	8,056	7,336
Unvested Restricted Stock Awards (in shares)	8	5	18
Weighted Average Shares Outstanding - Diluted (in shares)	8,311	8,061	7,354

Summary of Significant Accou51

Summary of Significant Accounting Policies - Earnings Per Share (Details) - shares	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Employee stock options granted (in shares)	0	0	0
Equity Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive equity awards (in shares)	0	0	0
Convertible Securities
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive equity awards (in shares)	0	0	0

Summary of Significant Accou52

Summary of Significant Accounting Policies - Stock-Based Compensation (Details) $ / shares in Units, $ in Thousands	Jan. 27, 2015shares	Jan. 31, 2014shares	Sep. 30, 2016shares	Sep. 30, 2015senior_executive$ / sharesshares	Sep. 30, 2014USD ($)shares	Dec. 31, 2013shares	Feb. 28, 2013shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury stock issued (in shares)		152,403	35,478	16,755	176,564
Common shares (in shares)						58,610
Employee stock options granted (in shares)			0	0	0
Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation | $					$ 195
Restricted Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			1 year
Restricted Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			6 years
2015 Plan | Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares of common stock awarded (in shares)				12,500
Weighted average fair value (in dollars per share) | $ / shares				$ 49.49
2015 Plan | Common Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional common shares available for issuance (up to) (in shares)	1,250,000
2015 Plan | Common Shares | Restricted Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				3 years
2015 Plan | Common Shares | Restricted Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				5 years
2015 Plan | Common Shares | Restricted Shares | Senior Executives
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of senior executives | senior_executive				2
2013 Plan | Restricted Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of common stock that were to be awarded to recipients (in shares)							350,000

Summary of Significant Accou53

Summary of Significant Accounting Policies - Schedule of Stock-Based Compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock compensation expense	$ 925	$ 952	$ 1,835
General and Administrative Expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock compensation expense	924	952	1,835
Executives | General and Administrative Expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock compensation expense	150	55	195
Board of Directors | General and Administrative Expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock compensation expense	774	762	1,061
Members | General and Administrative Expense
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock compensation expense	$ 0	$ 135	$ 579

Summary of Significant Accou54

Summary of Significant Accounting Policies - Equity Method Investments and Variable Interest Entities (Details) $ in Thousands	1 Months Ended	12 Months Ended
	May 31, 2010USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Schedule of Equity Method Investments [Line Items]
Limited partner equity interest (as a percent) (at least)		50.00%
Share of distributions		$ 171	$ 675	$ 3,814
Interest and Investment, Net
Schedule of Equity Method Investments [Line Items]
Net investment income		$ 103	$ (57)	$ (163)
Magnolia
Schedule of Equity Method Investments [Line Items]
Limited partner equity interest (as a percent) (at least)	39.00%
Investment amount	$ 12,150
Minimum percentage of certificate face amount	0.05
Acquisition fee (as a percent)	0.01

Acquisitions and Dispositions -

Acquisitions and Dispositions - Acquisition of Orange-Co, LP Assets (Details)	Jun. 01, 2016USD ($)	Dec. 01, 2015USD ($)	Dec. 02, 2014USD ($)a	Dec. 01, 2014USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Business Acquisition [Line Items]
Additional consideration					$ 0	$ 265,587,000	$ 32,769,000
Citree
Business Acquisition [Line Items]
Ownership interest (as a percent)			51.00%
Orange-Co
Business Acquisition [Line Items]
Area of land acquired (in acres) | a			20,263
Cost of total assets acquired			$ 277,792,000
Cash acquired			2,060,000
Fair value attributable to noncontrolling interest			4,838,000
Initial cash consideration			147,500,000
Additional cash consideration (up to)			7,500,000
Term loan debt			500,000
Other liabilities			4,705,000
Standby letter of credit issued				$ 7,500,000
Additional consideration	$ 3,750,000	$ 3,750,000	97,126,000
Orange-Co | General and Administrative Expense
Business Acquisition [Line Items]
Professional and legal costs					$ 31,000	$ 3,078,000
Orange-Co | Refinancing Debt
Business Acquisition [Line Items]
Term loan debt			92,290,000
Working capital facility			$ 27,857,000

Acquisitions and Dispositions56

Acquisitions and Dispositions - Summary of Final Allocation of Acquisition Cost to Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jun. 01, 2016	Dec. 01, 2015	Dec. 02, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Assets:
Goodwill				$ 2,246	$ 2,246
Liabilities:
Cash proceeds from sugarcane disposition				$ 0	$ 265,587	$ 32,769
Orange-Co
Assets:
Accounts receivable			$ 888
Other current assets			845
Inventories			35,562
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	$ 3,750	$ 3,750	97,126
Total purchase consideration			265,587
Orange-Co | Term loans
Liabilities:
Working capital line of credit and Term loans			140,604
Orange-Co | Working capital line of credit
Liabilities:
Working capital line of credit and Term loans			27,857
Orange-Co | Citrus Trees
Assets:
Property and equipment			164,123
Orange-Co | Land
Assets:
Property and equipment			63,395
Orange-Co | Equipment and other facilities
Assets:
Property and equipment			$ 13,431

Acquisitions and Dispositions57

Acquisitions and Dispositions - Schedule of Unaudited Pro-forma Information (Details) - Orange-Co - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Business Acquisition [Line Items]
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 (in dollars per share)	$ 1.58	$ 3.12
Diluted earnings per common share (in dollars per share)	$ 1.58	$ 3.12

Acquisitions and Dispositions58

Acquisitions and Dispositions - Acquisition of Citrus Grove-Crossing Grove (Details) - DeSoto County $ in Thousands	Sep. 23, 2014USD ($)a
Business Acquisition [Line Items]
Area of land acquired (in acres) | a	1,241
Area of land acquired, net (in acres) | a	867
Purchase price | $	$ 16,517
Funds | $	$ 5,300

Acquisitions and Dispositions59

Acquisitions and Dispositions - Schedule of Assets Acquired in the Acquisition of Citrus Grove (Details) - DeSoto County $ in Thousands	Sep. 23, 2014USD ($)
Business Acquisition [Line Items]
Inventories	$ 1,148
Total cash paid	16,517
Citrus Trees
Business Acquisition [Line Items]
Property and Equipment	9,633
Land
Business Acquisition [Line Items]
Property and Equipment	3,902
Equipment and other facilities
Business Acquisition [Line Items]
Property and Equipment	$ 1,834

Acquisitions and Dispositions60

Acquisitions and Dispositions - Acquisition of Citrus Grove - TRB (Details)	Sep. 04, 2014USD ($)a	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Business Acquisition [Line Items]
Gain on bargain purchase		$ 0	$ 1,145,000	$ 0
TRB
Business Acquisition [Line Items]
Area of land acquired (in acres) | a	1,500
Purchase price	$ 17,130,000
Fixed rate term loans	$ 11,000,000
TRB | Other Income (Expense), Net
Business Acquisition [Line Items]
Gain on bargain purchase		$ 1,145,300
TRB | General and Administrative Expense
Business Acquisition [Line Items]
Professional and legal costs			$ 525,000

Acquisitions and Dispositions61

Acquisitions and Dispositions - Schedule of Assets Acquired and Liabilities Assumed in the TRB Acquisition (Details) - TRB $ in Thousands	Sep. 04, 2014USD ($)
Assets:
Prepaid expenses	$ 90
Inventories	2,155
Total assets, net of cash acquired	18,299
Liabilities	41
Assets acquired less liabilities assumed	18,258
Citrus trees
Assets:
Property and equipment	10,009
Land and land improvements
Assets:
Property and equipment	5,007
Equipment and other facilities
Assets:
Property and equipment	$ 1,038

Acquisitions and Dispositions62

Acquisitions and Dispositions - Sugarcane Land Disposition (Details) $ in Thousands	Nov. 21, 2014USD ($)a	May 31, 2016USD ($)	May 31, 2015USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Long Lived Assets Held-for-sale [Line Items]
Deferred gain on sale				$ 28,440	$ 29,122
Net gain on sale				618	13,590	$ 7,748
Gain on sale of assets				(147)	290	$ 6,742
Lease
Long Lived Assets Held-for-sale [Line Items]
Payments		$ 1,702	$ 1,347
Interest expense				1,406
Gain on sale of assets				618
Lease | Prepaid Expenses and Other Current Assets
Long Lived Assets Held-for-sale [Line Items]
Prepaid expenses and other current assets				$ 1,236
Global
Long Lived Assets Held-for-sale [Line Items]
Land held for sale (in acres) | a	36,000
Cash payment for land	$ 97,900
Net cash proceeds from the sugarcane land sale	$ 97,126
Post-closing adjustment period	10 years
Gain on sale	$ 42,753
Deferred gain on sale	29,140
Maximum exposure to loss on a aggregate undiscounted basis	$ 42,172
Percentage of estimated maximum exposure to loss	5.00%
Global | Other Income (Expense)
Long Lived Assets Held-for-sale [Line Items]
Net gain on sale					$ 13,613
Global | Lease
Long Lived Assets Held-for-sale [Line Items]
Land held for sale (in acres) | a	30,600

Acquisitions and Dispositions63

Acquisitions and Dispositions - Schedule of Estimated Payments of Post-Closing Agreement (Details) $ in Thousands	Nov. 04, 2014USD ($)
Business Combinations [Abstract]
2,017	$ 1,602
2,018	1,527
2,019	1,885
2,020	2,266
2,021	2,668
Thereafter	20,723
Total	$ 30,671

Acquisitions and Dispositions64

Acquisitions and Dispositions - Property Sales (Details) $ in Thousands	12 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Apr. 03, 2015USD ($)	Jul. 01, 2014USD ($)a
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of assets	$ (147)	$ 290	$ 6,742
Land and land improvements
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property, Plant and Equipment, Gross	$ 116,648	$ 114,428
Land and land improvements | Silver Nip Citrus
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property, Plant and Equipment, Gross			2,832
Gain on sale of assets			2,927
Polk County Real Estate Parcel
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Area of land owned (in acres) | a					2,800
Disposal Group, Disposed of by Sale, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash proceeds				$ 1,509
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Land and land improvements | Silver Nip Citrus
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash proceeds			$ 5,759
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Polk County Real Estate Parcel
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash proceeds					$ 5,623

Common Control Acquisition - Na

Common Control Acquisition - Narrative (Details)	12 Months Ended
	Sep. 30, 2016acounty
Florida
Business Acquisition [Line Items]
Number of Florida counties | county	7
Silver Nip Citrus
Business Acquisition [Line Items]
Area of land owned (in acres) | a	7,400

Common Control Acquisition - Sc

Common Control Acquisition - Schedule of Results of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Business Acquisition [Line Items]
Operating revenue	$ 4,850	$ 46,853	$ 71,889	$ 20,604	$ 2,374	$ 71,670	$ 60,012	$ 19,070	$ 144,196	$ 153,126	$ 104,003
Gross profit	495	13,683	19,515	1,366	24	21,027	11,676	3,272	35,059	35,999	21,194
Loss from operations									21,846	19,505	9,383
Net income	$ (3,416)	$ 4,670	$ 8,724	$ (3,019)	$ (5,425)	$ 9,176	$ 4,226	$ 5,206	$ 6,959	$ 13,183	$ 9,495
Earnings per common share:
Basic (in dollars per share)	$ (0.41)	$ 0.56	$ 1.05	$ (0.36)	$ 0.65	$ 1.11	$ 0.51	$ 0.71	$ 0.84	$ 1.64	$ 1.29
Diluted (in dollars per share)	$ (0.41)	$ 0.56	$ 1.05	$ (0.36)	$ 0.65	$ 1.11	$ 0.51	$ 0.71	$ 0.84	$ 1.64	$ 1.29
Alico
Business Acquisition [Line Items]
Operating revenue										$ 131,722	$ 88,680
Gross profit										31,212	18,297
Loss from operations										15,654	7,856
Net income										$ 9,791	$ 8,050
Earnings per common share:
Basic (in dollars per share)										$ 1.20	$ 1.10
Diluted (in dollars per share)										$ 1.22	$ 1.10
Silver Nip Citrus
Business Acquisition [Line Items]
Operating revenue										$ 21,404	$ 15,323
Gross profit										4,787	2,897
Loss from operations										3,851	1,527
Net income										$ 3,392	$ 1,445
Earnings per common share:
Basic (in dollars per share)										$ 0.42	$ 0.20
Diluted (in dollars per share)										$ 0.42	$ 0.20

Long-Term Debt and Lines of C67

Long-Term Debt and Lines of Credit - Schedule of Long-term Debt, Net of Current Portion (Details) - USD ($)	Sep. 30, 2016	Sep. 30, 2015	Dec. 03, 2014	Dec. 02, 2014	Sep. 30, 2014
Debt Instrument [Line Items]
Long-term debt, net of current portion	$ 197,219,000	$ 205,481,000
Less current portion	4,493,000	4,511,000
Long-term debt	192,726,000	200,970,000
Metropolitan Life Insurance Company and New England Life Insurance Company fixed rate term loans in the original principal amount of $125,000,000: the loans bear interest at the rate of 4.15% per annum. The loans are collateralized by real estate and mature in November 2029.
Debt Instrument [Line Items]
Long-term debt, net of current portion	105,312,000	111,563,000	$ 125,000,000
Principal amount	$ 125,000,000
Fixed interest rate	4.15%		4.15%
Metropolitan Life Insurance Company and New England Life Insurance Company variable rate term loans in the original principal amount of $57,500,000: the variable interest rate was 2.25% per annum at September 30, 2016. The loans are collateralized by real estate and mature in November 2029.
Debt Instrument [Line Items]
Long-term debt, net of current portion	$ 52,469,000	$ 55,344,000	$ 57,500,000	$ 33,500,000
Principal amount	$ 57,500,000
Variable interest rate	2.25%	1.80%			2.40%
Metropolitan Life Insurance Company term loan: the loan bears interest at the rate of 5.28% per annum as of September 30, 2016. The loan is secured by real estate and matures in February 2029.
Debt Instrument [Line Items]
Long-term debt, net of current portion	$ 5,000,000	$ 2,500,000
Fixed interest rate	5.28%
Prudential Mortgage Capital Company, LLC fixed rate term loans: the loans bear interest at the rate of 5.35% per annum as of September 30, 2016. The loans are collateralized by real estate and mature in June 2033.
Debt Instrument [Line Items]
Long-term debt, net of current portion	$ 24,190,000	25,350,000
Fixed interest rate	5.35%
Prudential Mortgage Capital Company, LLC fixed rate term loan: the loan bears interest at the rate of 3.85% per annum as of September 30, 2016. The loan is collateralized by real estate and matures in September 2021.
Debt Instrument [Line Items]
Long-term debt, net of current portion	$ 5,115,000	5,335,000
Fixed interest rate	3.85%
Prudential Mortgage Capital Company, LLC fixed rate term loan: the loan bears interest at the rate of 3.45% per annum as of September 30, 2016. The loan is collateralized by real estate and matures in September 2039.
Debt Instrument [Line Items]
Long-term debt, net of current portion	$ 5,115,000	5,335,000
Fixed interest rate	3.45%
Note payable to a financing company secured by equipment and maturing in December 2016.
Debt Instrument [Line Items]
Long-term debt, net of current portion	$ 18,000	$ 54,000

Long-Term Debt and Lines of C68

Long-Term Debt and Lines of Credit - Schedule of Lines of Credit (Details) - USD ($)	Sep. 30, 2016	Sep. 30, 2015	Dec. 03, 2014
Line of Credit Facility [Line Items]
Lines of Credit	$ 5,000,000	$ 0
Metropolitan Life Insurance Company and New England Life Insurance Company revolving line of credit: this $25,000,000 line bears interest at a variable rate which was 2.25% per annum as of September 30, 2016. The line is secured by real estate and matures in November 2019. Availability under the line was $20,000,000 as of September 30, 2016.
Line of Credit Facility [Line Items]
Lines of Credit	5,000,000	0
Revolving line of credit	25,000,000		$ 25,000,000
Availability under line of credit	$ 20,000,000
Interest rate	2.25%
Rabo Agrifinance, Inc. working capital line of credit: this $70,000,000 line bears interest at a variable rate which was 2.27% per annum as of September 30, 2016. The line is secured by personal property and matures in November, 2018. Availability under the line was $59,800,000 million at September 30, 2016.
Line of Credit Facility [Line Items]
Lines of Credit	$ 0	$ 0
Revolving line of credit	70,000,000		$ 70,000,000
Availability under line of credit	$ 59,800,000
Interest rate	2.27%

Long-Term Debt and Lines of C69

Long-Term Debt and Lines of Credit - Schedule of Future Maturities of Debt and Lines of Credit (Details) $ in Thousands	Sep. 30, 2016USD ($)
Debt Disclosure [Abstract]
Due within one year	$ 4,493
Due between one and two years	8,300
Due between two and three years	10,900
Due between three and four years	15,963
Due between four and five years	10,975
Due beyond five years	151,588
Total future maturities	$ 202,219

Long-Term Debt and Lines of C70

Long-Term Debt and Lines of Credit - Debt Refinancing (Details)	Apr. 27, 2016USD ($)	Sep. 17, 2015USD ($)	Apr. 28, 2015USD ($)	Dec. 03, 2014USD ($)a	Dec. 02, 2014USD ($)	Mar. 04, 2014USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2010USD ($)
Debt Instrument [Line Items]
Interest rate term loans							$ 197,219,000	$ 205,481,000
Outstanding balance							5,000,000	0
Capitalized amount of debt financing costs				$ 2,834,000
Deferred financing costs							2,000,000
Loss on extinguishment of debt							0	1,051,000	$ 0
Minimum debt service coverage ratio				1.10
Tangible net worth				$ 160,000,000
Percentage of consolidated net income				10.00%
Annual increase of tangible net worth							161,600,000
Current ratio				1.50
Debt to total assets ratio				0.625
Limit on capital expenditures				$ 30,000,000
Advances							58,882,000	81,031,000	3,641,000
Other Income (Expense)
Debt Instrument [Line Items]
Loss on extinguishment of debt								964,000
Citrus Groves
Debt Instrument [Line Items]
Area of land (in acres) | a				39,300
Farm and Ranch Land
Debt Instrument [Line Items]
Area of land (in acres) | a				14,000
RLOC
Debt Instrument [Line Items]
Revolving line of credit				$ 25,000,000			25,000,000
Availability under line of credit							20,000,000
Outstanding balance							5,000,000	$ 0
RLOC | 90 Day LIBOR
Debt Instrument [Line Items]
LIBOR spread				1.50%
RLOC | LIBOR
Debt Instrument [Line Items]
Annual commitment fee (as a percent)				0.25%
WCLC
Debt Instrument [Line Items]
Revolving line of credit				$ 70,000,000			$ 70,000,000
Variable interest rate							2.27%	1.95%
Availability under line of credit							$ 59,800,000
Outstanding letters of credit							10,200,000
Outstanding balance							$ 0	$ 0
Capitalized amount of debt financing costs										$ 78,000
WCLC | Silver Nip Citrus
Debt Instrument [Line Items]
Limited guaranty and security agreement								8,000,000
WCLC | Letter of Credit
Debt Instrument [Line Items]
Revolving line of credit				$ 20,000,000
WCLC | One Month LIBOR
Debt Instrument [Line Items]
LIBOR spread							1.75%
WCLC | One Month LIBOR | Minimum
Debt Instrument [Line Items]
LIBOR spread				1.75%
Annual commitment fee (as a percent)				0.20%
WCLC | One Month LIBOR | Maximum
Debt Instrument [Line Items]
LIBOR spread				2.50%
Annual commitment fee (as a percent)				0.30%
Terminated RLOC
Debt Instrument [Line Items]
Revolving line of credit					$ 60,000,000
Outstanding balance									$ 0
Deferred financing costs							$ 339,000
Terminated RLOC | Silver Nip Citrus
Debt Instrument [Line Items]
Revolving line of credit			$ 6,000,000
Loss on extinguishment of debt			$ 87,000
Terminated RLOC | LIBOR
Debt Instrument [Line Items]
Annual commitment fee (as a percent)					0.20%
Terminated RLOC | One Month LIBOR
Debt Instrument [Line Items]
LIBOR spread				1.95%
Terminated RLOC | One Month LIBOR | Minimum
Debt Instrument [Line Items]
LIBOR spread					1.95%
Terminated RLOC | One Month LIBOR | Maximum
Debt Instrument [Line Items]
LIBOR spread					2.95%
Letter of Credit
Debt Instrument [Line Items]
Capitalized amount of debt financing costs										$ 123,000
Metlife Term Loan | Citree
Debt Instrument [Line Items]
Revolving line of credit						$ 5,000,000
Deferred financing costs							53,000
Interest rate	5.28%	5.30%				5.49%
Advances	$ 2,500,000	$ 2,000,000				$ 500,000
Fixed Interest Rate Term Loans
Debt Instrument [Line Items]
Interest rate term loans				$ 125,000,000			$ 105,312,000	111,563,000
Quarterly principal payments				$ 2,281,250
Fixed interest rate				4.15%			4.15%
Prepayment amount of the fixed term loan				$ 8,750,000			$ 0
Fixed Interest Rate Term Loans | Silver Nip Citrus
Debt Instrument [Line Items]
Interest rate term loans							27,550,000
Quarterly principal payments							$ 290,000
Fixed interest rate							5.35%
Prepayment amount of the fixed term loan							$ 5,000,000
Variable Interest Rate Term Loans
Debt Instrument [Line Items]
Interest rate term loans				$ 57,500,000	$ 33,500,000		$ 52,469,000	$ 55,344,000
Quarterly principal payments					$ 500,000
LIBOR spread subject to adjustment period				2 years
Variable interest rate							2.25%	1.80%	2.40%
Variable Interest Rate Term Loans | 90 Day LIBOR
Debt Instrument [Line Items]
LIBOR spread				1.50%
Variable Interest Rate Term Loans | One Month LIBOR
Debt Instrument [Line Items]
LIBOR spread					2.25%

Long-Term Debt and Lines of C71

Long-Term Debt and Lines of Credit - Debt Prior to Refinancing (Details) - USD ($)	Dec. 03, 2014	Dec. 02, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2010
Debt Instrument [Line Items]
Interest rate term loans			$ 197,219,000	$ 205,481,000
Outstanding balance			5,000,000	0
Capitalized amount of debt financing costs	$ 2,834,000
Deferred financing costs			2,000,000
Variable Interest Rate Term Loans
Debt Instrument [Line Items]
Interest rate term loans	57,500,000	$ 33,500,000	$ 52,469,000	$ 55,344,000
Quarterly principal payments		500,000
Variable interest rate			2.25%	1.80%	2.40%
Terminated RLOC
Debt Instrument [Line Items]
Revolving line of credit		60,000,000
Outstanding balance					$ 0
Deferred financing costs			$ 339,000
Rabo Agrifinance Inc
Debt Instrument [Line Items]
Capitalized amount of debt financing costs						$ 1,202,000
Deferred financing costs	318,000	$ 697,000
Write off of deferred financing cost	$ 379,000
One Month LIBOR | Variable Interest Rate Term Loans
Debt Instrument [Line Items]
LIBOR spread		2.25%
One Month LIBOR | Terminated RLOC
Debt Instrument [Line Items]
LIBOR spread	1.95%
LIBOR | Terminated RLOC
Debt Instrument [Line Items]
Annual commitment fee (as a percent)		0.20%
Minimum | One Month LIBOR | Terminated RLOC
Debt Instrument [Line Items]
LIBOR spread		1.95%
Maximum | One Month LIBOR | Terminated RLOC
Debt Instrument [Line Items]
LIBOR spread		2.95%

Long-Term Debt and Lines of C72

Long-Term Debt and Lines of Credit - Silver Nip Citrus Debt (Details)	Apr. 28, 2015USD ($)	Dec. 03, 2014USD ($)	Sep. 04, 2014USD ($)aloan	Sep. 30, 2016USD ($)aloan	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Feb. 15, 2015USD ($)	Dec. 02, 2014USD ($)
Debt Instrument [Line Items]
Interest rate term loans				$ 197,219,000	$ 205,481,000
Loss on extinguishment of debt				0	1,051,000	$ 0
Deferred financing costs				2,000,000
Rabo Agrifinance, Inc. variable rate term loan. The loan was refinanced on December 3, 2014.
Debt Instrument [Line Items]
Revolving line of credit								$ 60,000,000
Deferred financing costs				339,000
Fixed Interest Rate Term Loans
Debt Instrument [Line Items]
Interest rate term loans		$ 125,000,000		$ 105,312,000	$ 111,563,000
Fixed interest rate		4.15%		4.15%
Quarterly principal payments		$ 2,281,250
Prepayment amount of the fixed term loan (up to)		$ 8,750,000		$ 0
Silver Nip Citrus
Debt Instrument [Line Items]
Number of fixed rate term loans | loan			2
Area of land acquired (in acres) | a				7,400
Minimum current ratio				1.5
Silver Nip Citrus | Rabo Agrifinance, Inc. variable rate term loan. The loan was refinanced on December 3, 2014.
Debt Instrument [Line Items]
Revolving line of credit	$ 6,000,000
Loss on extinguishment of debt	$ 87,000
Silver Nip Citrus | Citrus Grove
Debt Instrument [Line Items]
Area of land acquired (in acres) | a			1,500
Silver Nip Citrus | Fixed Interest Rate Term Loans
Debt Instrument [Line Items]
Number of fixed rate term loans | loan				2
Interest rate term loans				$ 27,550,000
Fixed interest rate				5.35%
Quarterly principal payments				$ 290,000
Prepayment amount of the fixed term loan (up to)				5,000,000
Amount of prepayment							$ 750,000
Silver Nip Citrus | Fixed Interest Rate Term Loans | Prudential
Debt Instrument [Line Items]
Interest rate term loans			$ 5,500,000
Quarterly principal payments			$ 55,000
Silver Nip Citrus | Fixed Rate Term Loan at 3.85%
Debt Instrument [Line Items]
Fixed interest rate			3.85%
Silver Nip Citrus | Fixed Rate Term Loan at 3.45%
Debt Instrument [Line Items]
Fixed interest rate			3.45%
Silver Nip Citrus | Silver Nip Citrus Debt
Debt Instrument [Line Items]
Deferred financing costs				$ 351,000

Long-Term Debt and Lines of C73

Long-Term Debt and Lines of Credit - Modification of Credit Agreements (Details) - USD ($)	Sep. 30, 2016	Sep. 30, 2015
Debt Instrument [Line Items]
Interest rate term loans (up to)	$ 197,219,000	$ 205,481,000
Silver Nip Citrus | Loans Payable
Debt Instrument [Line Items]
Interest rate term loans (up to)		7,000,000
Limited guaranty and security agreement		$ 7,000,000

Long-Term Debt and Lines of C74

Long-Term Debt and Lines of Credit - Schedule of Interest Costs Expensed and Capitalized (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Debt Disclosure [Abstract]
Interest expense	$ 9,893	$ 8,366	$ 2,368
Interest capitalized	172	345	182
Total	$ 10,065	$ 8,711	$ 2,550

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Inventory [Line Items]
Total inventories	$ 58,469	$ 58,273
Unharvested fruit crop on the trees
Inventory [Line Items]
Unharvested fruit crop on the trees and Beef cattle	52,204	52,497
Beef cattle
Inventory [Line Items]
Unharvested fruit crop on the trees and Beef cattle	783	1,612
Citrus tree nursery
Inventory [Line Items]
Citrus tree nursery and Other	3,090	2,854
Other
Inventory [Line Items]
Citrus tree nursery and Other	$ 2,392	$ 1,310

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Property, Plant and Equipment [Line Items]
Net depreciable properties, property and equipment	$ 379,247	$ 381,099
Citrus trees
Property, Plant and Equipment [Line Items]
Cost of land	253,665	247,488
Equipment and other facilities
Property, Plant and Equipment [Line Items]
Cost of land	59,355	56,200
Buildings and improvements
Property, Plant and Equipment [Line Items]
Cost of land	21,780	21,259
Breeding herd
Property, Plant and Equipment [Line Items]
Cost of land	10,921	11,924
Depreciable Properties
Property, Plant and Equipment [Line Items]
Cost of land	345,721	336,871
Less accumulated depreciation and depletion	(83,122)	(70,200)
Net depreciable properties, property and equipment	262,599	266,671
Land and land improvements
Property, Plant and Equipment [Line Items]
Cost of land	$ 116,648	$ 114,428

Property and Equipment, Net - A

Property and Equipment, Net - Asset Impairment (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014	Apr. 03, 2015
Property, Plant and Equipment [Line Items]
Impairment loss	$ 0	$ 541	$ 0
Disposal Group, Disposed of by Sale, Not Discontinued Operations
Property, Plant and Equipment [Line Items]
Net cash proceeds				$ 1,509

Property and Equipment, Net -78

Property and Equipment, Net - Sugarcane Lease (Details) $ in Thousands	Jul. 01, 2014USD ($)	May 19, 2014USD ($)a	Sep. 30, 2014USD ($)	Apr. 03, 2015USD ($)
Property, Plant and Equipment [Line Items]
Book value		$ 11,100
Reimbursement amount		$ 8,800
One-time charge			$ 2,300
Annual base rent payment	$ 3,548
Total payment	$ 14,600
Lease | Land | Planted or Plantable to Sugar
Property, Plant and Equipment [Line Items]
Area of land owned (in acres) | a		19,181
Disposal Group, Disposed of by Sale, Not Discontinued Operations
Property, Plant and Equipment [Line Items]
Net cash proceeds				$ 1,509
Rolling Stock
Property, Plant and Equipment [Line Items]
Net book value for the rolling stock		$ 2,200
Rolling Stock | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Property, Plant and Equipment [Line Items]
Net cash proceeds		$ 2,200

Prepaid Expenses and Other As79

Prepaid Expenses and Other Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Cash and Cash Equivalents [Line Items]
Current	$ 2,261	$ 1,791
Non-Current	1,692	3,002
Investments in agricultural cooperatives
Cash and Cash Equivalents [Line Items]
Current	0	0
Non-Current	146	846
Cash surrender value
Cash and Cash Equivalents [Line Items]
Current	0	0
Non-Current	445	722
Equity investment in affiliate
Cash and Cash Equivalents [Line Items]
Current	0	0
Non-Current	543	817
Escrow deposit for capital expenditures
Cash and Cash Equivalents [Line Items]
Current	0	0
Non-Current	164	166
Guaranteed payments on sugarcane sale
Cash and Cash Equivalents [Line Items]
Current	1,236	843
Non-Current	0	0
Prepaid insurance
Cash and Cash Equivalents [Line Items]
Current	955	811
Non-Current	0	0
Other
Cash and Cash Equivalents [Line Items]
Current	70	137
Non-Current	$ 394	$ 451

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Payables and Accruals [Abstract]
Ad valorem taxes	$ 2,736	$ 2,700
Accrued interest	1,135	1,154
Accrued employee wages and benefits	964	456
Inventory received but not invoiced	710	665
Accrued dividends	498	500
Current portion of deferred retirement obligations	342	342
Additional purchase price consideration	0	7,500
Other accrued liabilities	535	496
Total accrued liabilities	$ 6,920	$ 13,813

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Other Liabilities Disclosure [Abstract]
Deposits - Farm land leases	$ 403	$ 397
Deposits - Recreation land leases	562	541
Other	37	37
Total other current liabilities	$ 1,002	$ 975

Fair Value Measurements (Detail

Fair Value Measurements (Details)	Sep. 30, 2016	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Estimated discount rate	4.30%	4.20%

Treasury Stock - Narrative (Det

Treasury Stock - Narrative (Details) - shares	Sep. 30, 2015	Sep. 30, 2013	Nov. 01, 2008
Stockholders' Equity Note [Abstract]
Number of shares authorized to be repurchased (up to) (in shares)	170,000	105,000	350,000

Treasury Stock - Schedule of Tr

Treasury Stock - Schedule of Treasury Stock Purchases (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Stockholders' Equity Note [Abstract]
Total Number of Shares Purchased (in shares)	78,446	91,554	118,792
Average Price Paid Per Share (in dollars per share)	$ 40.04	$ 43.83	$ 40.78
Total Shares Purchased as Part of Publicly Announced Plan or Program (in shares)	545,995	467,549	375,995
Total Dollar Value of Shares Purchased	$ 3,141	$ 4,013	$ 4,844

Treasury Stock - Schedule of 85

Treasury Stock - Schedule of Treasury Stock Transactions (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jan. 31, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Shares
Beginning Balance (in shares)		90,565	15,766	73,538
Purchased (in shares)		78,446	91,554	118,792
Issued to Employees and Directors (in shares)	(152,403)	(35,478)	(16,755)	(176,564)
Issued to former Silver Nip Citrus equity holders		(32,923)
Ending Balance (in shares)		100,610	90,565	15,766
Cost
Beginning Balance		$ 3,962	$ 650	$ 2,816
Purchased		3,141	4,013	4,844
Issued to Employees and Directors		(1,035)	(701)	(7,010)
Issued to former Silver Nip Citrus equity holders		(1,483)
Ending Balance		$ 4,585	$ 3,962	$ 650

Income Taxes - Schedule of Prov

Income Taxes - Schedule of Provision for Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Current:
Federal income tax									$ 244	$ (1,348)	$ 4,035
State income tax									0	(98)	543
Total current									244	(1,446)	4,578
Deferred:
Federal income tax									4,538	10,432	6,160
State income tax									739	1,919	645
Total deferred									5,277	12,351	6,805
Total provision for income taxes	$ (1,898)	$ 3,392	$ 6,102	$ (2,075)	$ (629)	$ 6,644	$ 1,127	$ 3,763	$ 5,521	$ 10,905	$ 11,383

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Statutory federal income tax rate	35.00%	35.00%	35.00%
Federal Tax Authority
Operating Loss Carryforwards [Line Items]
Federal and State Income tax net operating loss carryforward	$ 14.8
Federal Tax Authority | Expire in 2024
Operating Loss Carryforwards [Line Items]
Federal and State Income tax net operating loss carryforward	4.2
Federal Tax Authority | Expire in 2025
Operating Loss Carryforwards [Line Items]
Federal and State Income tax net operating loss carryforward	10.6
State Tax Authority
Operating Loss Carryforwards [Line Items]
Federal and State Income tax net operating loss carryforward	18.3
State Tax Authority | Expire in 2024
Operating Loss Carryforwards [Line Items]
Federal and State Income tax net operating loss carryforward	4.2
State Tax Authority | Expire in 2025
Operating Loss Carryforwards [Line Items]
Federal and State Income tax net operating loss carryforward	14.1
Federal and State Tax Authority
Operating Loss Carryforwards [Line Items]
Federal and State capital loss carryforward	25.2
Federal and State Tax Authority | Expire in 2017
Operating Loss Carryforwards [Line Items]
Federal and State capital loss carryforward	0.6
Federal and State Tax Authority | Expire in 2018
Operating Loss Carryforwards [Line Items]
Federal and State capital loss carryforward	$ 24.6

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Provision Attributable to Income from Continuing Operations (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Statutory federal income tax rate									35.00%	35.00%	35.00%
Tax at the statutory federal rate									$ 4,382	$ 9,335	$ 8,117
Increase (decrease) resulting from:
State income taxes, net of federal benefit									457	1,279	183
Permanent and other reconciling items, net									773	280	3,083
Other									(91)	11	0
Total provision for income taxes	$ (1,898)	$ 3,392	$ 6,102	$ (2,075)	$ (629)	$ 6,644	$ 1,127	$ 3,763	$ 5,521	$ 10,905	$ 11,383

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Deferred tax assets:
Deferred retirement benefits	$ 1,620	$ 1,595
Inventories	912	230
Alico-Agri, Ltd. outside basis differences	474	467
Goodwill	36,217	39,081
Deferred gain recognition	10,964	11,234
Capital loss carry forward	9,702	12,804
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax	197	0
Net operating loss	5,844	7,141
Other	765	200
Total deferred tax assets	66,695	72,752
Deferred tax liabilities:
Revenue recognized from citrus and sugarcane	282	223
Property and equipment	95,149	93,849
Accrual-to-cash method	1,908	3,905
Prepaid insurance	331	256
Investment in Magnolia	82	299
Total deferred tax liabilities	97,752	98,532
Net deferred income tax liability	$ (31,057)	$ (25,780)

Income Taxes - Schedule of De90

Income Taxes - Schedule of Deferred Tax Liabilities, Current and Non-Current (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Deferred tax liabilities, current	$ 53	$ 151
Deferred tax liabilities, non-current	31,004	25,629
Total deferred tax liabilities	$ 31,057	$ 25,780

Segment Information - Narrative

Segment Information - Narrative (Details)	Oct. 01, 2015segment	Sep. 30, 2016classificationsegment	Sep. 30, 2015segment
Property, Plant and Equipment [Line Items]
Number of operating segments | segment	3	3	5
Land
Property, Plant and Equipment [Line Items]
Number of primary classifications | classification		2

Segment Information - Schedule

Segment Information - Schedule of Information by Business Segment (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Total revenues	$ 4,850	$ 46,853	$ 71,889	$ 20,604	$ 2,374	$ 71,670	$ 60,012	$ 19,070	$ 144,196	$ 153,126	$ 104,003
Operating expenses:
Total operating expenses	4,355	33,170	52,374	19,238	2,350	50,643	48,336	15,798	109,137	117,127	82,809
Gross profit:
Total gross profit	495	$ 13,683	$ 19,515	$ 1,366	24	$ 21,027	$ 11,676	$ 3,272	35,059	35,999	21,194
Capital expenditures:
Total capital expenditures									14,305	11,523	13,280
Depreciation, depletion and amortization:
Total depreciation, depletion and amortization									15,382	14,732	9,638
Assets:
Total Assets	458,662				460,088				458,662	460,088
Operating Segments
Revenues:
Total revenues									144,196	153,126	104,003
Operating expenses:
Total operating expenses									109,137	117,127	82,809
Gross profit:
Total gross profit									35,059	35,999	21,194
Segment Reconciling Items
Capital expenditures:
Total capital expenditures									1,619	497	285
Depreciation, depletion and amortization:
Total depreciation, depletion and amortization									468	689	180
Corporate, Non-Segment
Assets:
Total Assets	9,659				12,052				9,659	12,052
Orange Co.
Revenues:
Total revenues									137,282	146,147	74,768
Operating expenses:
Total operating expenses									102,347	110,236	54,956
Orange Co. | Operating Segments
Gross profit:
Total gross profit									34,935	35,911	19,812
Capital expenditures:
Total capital expenditures									10,393	9,403	7,849
Depreciation, depletion and amortization:
Total depreciation, depletion and amortization									13,982	12,297	4,201
Assets:
Total Assets	412,643				412,700				412,643	412,700
Conservation and Environmental Resources
Revenues:
Total revenues									5,669	5,394	8,172
Operating expenses:
Total operating expenses									6,393	4,808	6,123
Conservation and Environmental Resources | Operating Segments
Gross profit:
Total gross profit									(724)	586	2,049
Capital expenditures:
Total capital expenditures									1,664	1,461	5,109
Depreciation, depletion and amortization:
Total depreciation, depletion and amortization									456	1,275	1,604
Assets:
Total Assets	13,073				12,648				13,073	12,648
Other Operations
Revenues:
Total revenues									1,245	1,585	21,063
Operating expenses:
Total operating expenses									397	2,083	21,730
Other Operations | Operating Segments
Gross profit:
Total gross profit									848	(498)	(667)
Capital expenditures:
Total capital expenditures									629	162	37
Depreciation, depletion and amortization:
Total depreciation, depletion and amortization									476	471	$ 3,653
Assets:
Total Assets	$ 23,287				$ 22,688				$ 23,287	$ 22,688

Employee Benefits Plans - Narra

Employee Benefits Plans - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Benefit plan period	180 months
Weighted-average discount rate	4.30%	4.20%
Estimated future benefit payments, year 2017	$ 348
Estimated future benefit payments, year 2018	365
Estimated future benefit payments, year 2019	170
Estimated future benefit payments, year 2020	210
Estimated future benefit payments, year 2021	210
Estimated future benefit payments, thereafter	$ 1,429

Employee Benefits Plans - Sched

Employee Benefits Plans - Schedule of MSP Benefit Expense Charged to Costs and Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]
Service cost	$ 213	$ 195	$ 195
Interest cost	210	197	(23)
Recognized actuarial loss adjustment	(5)	231	0
Total	$ 418	$ 623	$ 172

Employee Benefits Plans - Summa

Employee Benefits Plans - Summary of Roll-forward of the MSP Benefit Obligation (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Change in projected benefit obligation:
Benefit obligation at beginning of year	$ 4,476	$ 4,198
Service cost	213	195	$ 195
Interest cost	210	197	(23)
Benefits paid	(351)	(345)
Recognized actuarial loss adjustment	(5)	231	0
Benefit obligation at end of year	4,543	4,476	$ 4,198
Funded status at end of year	$ (4,543)	$ (4,476)

Employee Benefits Plans - Profi

Employee Benefits Plans - Profit Sharing and 401K (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]
Matching contribution (as a percent)	4.00%
Contribution to plan	$ 401	$ 360	$ 192
Contribution to profit sharing plan	$ 291	$ 165	$ 165

Related Party Transaction - Cha

Related Party Transaction - Change in Control Transaction (Details) - Alico Inc	Nov. 19, 2013shares
Related Party Transaction [Line Items]
Number of shares of investment owned (in shares)	3,725,457
Ownership interest (as a percent)	51.00%

Related Party Transactions - 73

Related Party Transactions - 734 Investors and 734 Agriculture (Details)	Nov. 19, 2013
Alico Inc
Related Party Transaction [Line Items]
Ownership interest (as a percent)	51.00%
734 Agriculture
Related Party Transaction [Line Items]
Ownership interest (as a percent)	59.00%

Related Party Transactions - Si

Related Party Transactions - Silver Nip Citrus Merger Agreement (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 28, 2015	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Feb. 27, 2015	Nov. 19, 2013
Related Party Transaction [Line Items]
Common stock, par value per share (in dollars per share)	$ 1	$ 1	$ 1	$ 1
Closing price of common stock (in dollars per share)					$ 45.67
Silver Nip Citrus | General and Administrative Expense
Related Party Transaction [Line Items]
Professional and legal costs			$ 85	$ 309
Merger Agreement
Related Party Transaction [Line Items]
Shares of common stock issued (in shares)	923,257	115,782	148,705
Outstanding net indebtedness	$ 40,278
Other liabilities	8,446
Book value of assets	65,739
Total net assets	$ 17,015
Alico Inc
Related Party Transaction [Line Items]
Ownership interest (as a percent)						51.00%
Alico Inc | Silver Nip Citrus
Related Party Transaction [Line Items]
Ownership interest (as a percent)	74.89%
Mr. Clay Wilson | Silver Nip Citrus
Related Party Transaction [Line Items]
Ownership interest (as a percent)	5.00%
Entity Controlled by Mr. Clay Wilson | Silver Nip Citrus
Related Party Transaction [Line Items]
Ownership interest (as a percent)	20.11%

Related Party Transactions - JD

Related Party Transactions - JD Alexander (Details) - JD Alexander	Nov. 06, 2013USD ($)installment	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Related Party Transaction [Line Items]
Consulting services and covenant period	2 years
Payments for services and covenants	$ 2,000,000
Number of monthly installments | installment	24
Expense under consulting and non-compete agreement		$ 167,000	$ 1,000,000	$ 833,000

Related Party Transactions - Ke

Related Party Transactions - Ken Smith (Details) - Ken Smith - USD ($)	Mar. 20, 2015	Sep. 30, 2016	Sep. 30, 2015
Related Party Transaction [Line Items]
Payments for services and covenants (up to)	$ 1,225,000
Expense under consulting and non-compete agreement		$ 200,000	$ 625,000
Consulting Services
Related Party Transaction [Line Items]
Consulting services and covenant period	3 years
Covenants
Related Party Transaction [Line Items]
Consulting services and covenant period	2 years

Related Party Transactions - W.

Related Party Transactions - W. Mark Humphrey (Details) - W. Mark Humphrey - USD ($)	Jun. 01, 2015	Sep. 30, 2016	Sep. 30, 2015
Related Party Transaction [Line Items]
Consulting services and covenant period	1 year
Cash in a lump sum	$ 100,000
Payments for services and covenants	$ 350,000
Expense under separation and consulting agreement		$ 238,000	$ 268,000

Related Party Transactions - Sh

Related Party Transactions - Shared Services Agreement (Details) - TBCO - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Related Party Transaction [Line Items]
Payments for services and covenants	$ 465
Expense under shared services agreement	$ 479	$ 379

Commitments and Contingencies -

Commitments and Contingencies - Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]
Total rent expense	$ 667	$ 649	$ 2,015

Commitments and Contingencie105

Commitments and Contingencies - Schedule of Future Minimum Rental Payments for Operating Leases (Details) $ in Thousands	Sep. 30, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,017	$ 662
2,018	353
2,019	5
2,020	1
2,021	0
Total	$ 1,021

Commitments and Contingencie106

Commitments and Contingencies - Capital Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Gross asset value of leased equipment	$ 1,435	$ 1,411
Accumulated amortization	$ 425	$ 191

Commitments and Contingencie107

Commitments and Contingencies - Schedule of Future Minimum Rental Payments Capital Leases (Details) $ in Thousands	Sep. 30, 2016USD ($)
Principal
2,017	$ 288
2,018	300
Total	588
Interest
2,017	24
2,018	12
Total	36
Total of principal and interest due in the next twelve months	312
Total of principal and interest due in year two	312
Total of principal and interest due	$ 624

Commitments and Contingencie108

Commitments and Contingencies - Change in Control Agreements (Details) - CIC Agreements - employee	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2014
Loss Contingencies [Line Items]
Period of the change in control	18 months
CIC Recipients
Loss Contingencies [Line Items]
Number of key employees		22

Commitments and Contingencie109

Commitments and Contingencies - Letters of Credit (Details) - USD ($)	Sep. 30, 2016	Sep. 30, 2015
Financial Standby Letter of Credit
Line of Credit Facility [Line Items]
Standby letters of credit	$ 10,234,000	$ 17,498,500

Commitments and Contingencie110

Commitments and Contingencies - Legal Proceedings (Details)	May 06, 2015defendant
Unjust Enrichment Claims | Director
Loss Contingencies [Line Items]
Number of directors	3

Selected Quarterly Financial111

Selected Quarterly Financial Data (unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Quarterly Financial Information Disclosure [Abstract]
Operating revenue	$ 4,850	$ 46,853	$ 71,889	$ 20,604	$ 2,374	$ 71,670	$ 60,012	$ 19,070	$ 144,196	$ 153,126	$ 104,003
Total operating expenses	4,355	33,170	52,374	19,238	2,350	50,643	48,336	15,798	109,137	117,127	82,809
Gross profit	495	13,683	19,515	1,366	24	21,027	11,676	3,272	35,059	35,999	21,194
General and administrative	3,692	2,747	2,849	3,925	4,562	2,949	3,499	5,484	13,213	16,494	11,811
Other (expense) income, net	(2,117)	(2,874)	(1,840)	(2,535)	(1,516)	(2,258)	(2,824)	11,181	(9,366)	4,583	11,495
Income before income taxes	(5,314)	8,062	14,826	(5,094)	(6,054)	15,820	5,353	8,969	12,480	24,088	20,878
Income tax expense (benefit)	(1,898)	3,392	6,102	(2,075)	(629)	6,644	1,127	3,763	5,521	10,905	11,383
Net income	(3,416)	4,670	8,724	(3,019)	(5,425)	9,176	4,226	5,206	6,959	13,183	9,495
Net loss attributable to noncontrolling interests	5	11	10	8	31	0	0	0	34	31	0
Net income attributable to Alico, Inc. common stockholders	$ (3,411)	$ 4,681	$ 8,734	$ (3,011)	$ (5,394)	$ 9,176	$ 4,226	$ 5,206	$ 6,993	$ 13,214	$ 9,495
Earnings per share:
Basic (in dollars per share)	$ (0.41)	$ 0.56	$ 1.05	$ (0.36)	$ 0.65	$ 1.11	$ 0.51	$ 0.71	$ 0.84	$ 1.64	$ 1.29
Diluted (in dollars per share)	$ (0.41)	$ 0.56	$ 1.05	$ (0.36)	$ 0.65	$ 1.11	$ 0.51	$ 0.71	$ 0.84	$ 1.64	$ 1.29

Subsequent Events (Details)

Subsequent Events (Details)	Nov. 10, 2016USD ($)a	Dec. 31, 2016USD ($)a	Dec. 01, 2016USD ($)	Sep. 30, 2015USD ($)	Dec. 03, 2014	Nov. 21, 2014a
Subsequent Event [Line Items]
Current ratio					1.50
Hendry County Florida
Subsequent Event [Line Items]
Release of mortgage lien on acres of land (in acres) | a						36,000
Hendry County Florida | Subsequent Event
Subsequent Event [Line Items]
Release of mortgage lien on acres of land (in acres) | a	8,640	49
Price charged for release of mortgage lien	$ 0
Purchase price		$ 2,200,000
George Brokaw, Remy Trafelet and Clayton Wilson | WCLC | Subsequent Event
Subsequent Event [Line Items]
Limited guaranty and security agreement			$ 8,000,000
Silver Nip Citrus | WCLC
Subsequent Event [Line Items]
Limited guaranty and security agreement				$ 8,000,000
Silver Nip Citrus | WCLC | Subsequent Event
Subsequent Event [Line Items]
Limited guaranty and security agreement			$ 8,000,000
Maximum | Subsequent Event
Subsequent Event [Line Items]
Current ratio			1.50
Minimum | Subsequent Event
Subsequent Event [Line Items]
Current ratio			1