Property and Equipment, Net

9 Months Ended

Jun. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Note 5. Property and Equipment, Net

Property and equipment, net consists of the following at June 30, 2024 and September 30, 2023:

(in thousands)	June 30, 2024		September 30, 2023
Citrus trees	$	319,426	$	328,421
Equipment and other facilities	57,885		57,779
Buildings and improvements	6,515		7,081
Total depreciable properties	383,826		393,281
Less: accumulated depreciation and depletion	(142,969)		(144,150)
Net depreciable properties	240,857		249,131
Land and land improvements	114,398		112,718
Property and equipment, net	$	355,255	$	361,849

During the nine months ended June 30, 2024 and 2023, the Company recorded a loss on the disposal of long lived assets of $6,213 and $5,535, respectively, which has been recognized within Operating expenses.