Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - ALICO INCFinancial_Report.xls
XML - IDEA: XBRL DOCUMENT - ALICO INCR8.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR3.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR6.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR9.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR2.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR7.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR1.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR4.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR29.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR15.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR13.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR31.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR18.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR11.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR25.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR33.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR23.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR36.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR19.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR30.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR28.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR22.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR37.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR32.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR35.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR17.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR12.htm
EX-32.1 - CERTIFICATION - ALICO INCe51842ex32-1.htm
EX-31.2 - CERTIFICATION - ALICO INCe51842ex31-2.htm
EX-31.1 - CERTIFICATION - ALICO INCe51842ex31-1.htm
EX-32.2 - CERTIFICATION - ALICO INCe51842ex32-2.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR5.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR10.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR27.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR20.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR34.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR21.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR26.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR14.htm
10-Q - FORM 10-Q - ALICO INCe51842_10q.htm
XML - IDEA: XBRL DOCUMENT - ALICO INCR24.htm
v2.4.0.6
Fair Value Measurements
3 Months Ended
Dec. 31, 2012
Fair Value Measurements [Abstract]  
Fair Value Measurements

Note 11. Fair Value Measurements

 

The Company follows the provisions of ASC 820 Fair Value Measurements and Disclosure Topic for its financial and non-financial assets and liabilities. ASC 820, among other things, 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, accounts receivable, accounts payable and accrued expenses at December 31, 2012 and September 30, 2012, approximate fair value because of the immediate or short term maturity of these items. The Company's certificates of deposit are carried at face value and accrue interest at market rates. Certificates of deposit are valued using Level 1 inputs. In the event that stated interest rates are below market, Alico discounts mortgage 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 comparable loans.

 

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 non-realized gains or losses relating to assets held at December 31, 2012 and 2011.