Property and Equipment, Net

3 Months Ended

Dec. 31, 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 December 31, 2024 and September 30, 2024:

(in thousands)	December 31, 2024		September 30, 2024
Citrus trees	$	319,435	$	319,149
Equipment and other facilities	58,298		58,293
Buildings and improvements	6,080		6,515
Total depreciable properties	383,813		383,957
Less: accumulated depreciation and depletion	(148,171)		(146,086)
Net depreciable properties	235,642		237,871
Land and land improvements	115,265		114,862
Property and equipment, net	$	350,907	$	352,733

During the three months ended December 31, 2024 and 2023, the Company recorded a loss on the disposal of long lived assets of $780 and $225, respectively, which has been recognized within Operating expenses.