Note 18. Selected Quarterly Financial Data (unaudited) Summarized quarterly financial data for the fiscal years ended September 30, 2019, and 2018 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: Total operating expenses for the fiscal quarter ended June 30, 2018 include insurance proceeds relating to Hurricane Irma of $477,000 for property and casualty damage claims and $3,726,000 for crop claims. Total operating expenses for the fiscal quarter ended September 30, 2018 included insurance proceeds relating to the Hurricane Irma of $5,226,000 for crop damage claims. Total operating expenses for the fiscal quarter ended September 30, 2019 includes insurance proceeds received of approximately $486,000 in additional property and casualty claims reimbursement relating to Hurricane Irma and block grants of approximately $15,597,000 under the Florida Citrus Recovery Block Grant (“CRBG”) program relating to Hurricane Irma. General and administrative expenses for the fiscal quarter ended September 30, 2019 include pension expense of $935,000 relating to termination of employee benefit plan (see Note 14. “Employee Benefit Plans” for further detail). Other income for the fiscal quarter ended September 30, 2019 includes a gain on sale of assets of approximately $13,166,000 (see Note 3. “Inventories”, Note 4. “Assets Held For Sale” and Note 5. “Property and Equipment, Net” for further information). 79 (in thousands, except per share amounts) Fiscal Quarter Ended December 31, March 31, June 30, September 30, 2018 2017 2019 2018 2019 2018 2019 2018 Total operating revenues $ 14,779 $ 17,533 $ 48,521 $ 35,600 $ 57,565 $ 26,517 $ 1,386 $ 1,631 Total operating expenses 11,597 16,951 32,207 27,767 31,561 14,603 (13,474 ) (3,633 ) Gross profit 3,182 582 16,314 7,833 26,004 11,914 14,860 5,264 General and administrative expenses 3,450 3,886 4,654 3,073 2,682 2,955 4,360 5,144 Other (expense) income, net (2,864) (375) (1,972) (2,140) (1,623) 5,074 11,478 96 Income (loss) before income taxes (3,132) (3,679) 9,688 2,620 21,699 14,033 21,978 216 Income tax (benefit) expense (629 ) (12,417 ) 2,228 8,150 5,483 4,941 5,701 (284 ) Net (loss) income (2,503 ) 8,738 7,460 (5,530 ) 16,216 9,092 16,277 500 Net loss attributable to noncontrolling interests 36 8 87 16 28 8 232 218 Net income (loss) attributable to Alico Inc. common stockholders $ (2,467 ) $ 8,746 $ 7,547 $ (5,514 ) $ 16,244 $ 9,100 $ 16,509 $ 718 Earnings per share: Basic $ (0.33) $ 1.06 $ 1.01 $ (0.67) $ 2.17 $ 1.11 $ 2.21 $ 0.09 Diluted $ (0.33 ) $ 1.05 $ 1.01 $ (0.67 ) $ 2.17 $ 1.09 $ 2.21 $ 0.09