10-Q Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-033150`
Period End Date	20120331
Filing Date	20120504
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	mlp-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 51 Cash Flow Statement 35 Stockholders Equity 21 Comprehensive Income 6

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$96.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$519.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.62M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.62M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.58M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.58M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$890.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.10M	USD	Point-in-time
Accounts receivable, less allowance of $96 and $519 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.46M	USD	Point-in-time
Accounts receivable, less allowance of $96 and $519 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.58M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$645.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$684.00K	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleCurrent`	$2.46M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleCurrent`	$2.28M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.26M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.32M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$84.28M	USD	Point-in-time
PROPERTY	`PropertyPlantAndEquipmentGross`	$83.20M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$35.56M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$35.64M	USD	Point-in-time
Net Property	`PropertyPlantAndEquipmentNet`	$48.64M	USD	Point-in-time
Net Property	`PropertyPlantAndEquipmentNet`	$47.64M	USD	Point-in-time
DEFERRED DEVELOPMENT COSTS & OTHER ASSETS	`OtherAssetsNoncurrent`	$10.13M	USD	Point-in-time
DEFERRED DEVELOPMENT COSTS & OTHER ASSETS	`OtherAssetsNoncurrent`	$10.11M	USD	Point-in-time
TOTAL	`Assets`	$64.07M	USD	Point-in-time
TOTAL	`Assets`	$64.03M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$853.00K	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$1.22M	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.60M	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.42M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.77M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.77M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$108.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$626.00K	USD	Point-in-time
Accrued contract terminations	`ContractTerminationAccrualsCurrent`	$4.59M	USD	Point-in-time
Accrued contract terminations	`ContractTerminationAccrualsCurrent`	$5.09M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$1.90M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$1.58M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$12.50M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$12.02M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$45.52M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$46.47M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$27.88M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$27.34M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$4.42M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$4.30M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$77.83M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$78.11M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized, 18,622,434 and 18,582,954 shares issued and outstanding	`CommonStockValue`	$75.93M	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized, 18,622,434 and 18,582,954 shares issued and outstanding	`CommonStockValue`	$76.14M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$9.22M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$9.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-87.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-88.07M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.57M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.38M	USD	Point-in-time
Stockholders' Deficiency	`StockholdersEquity`	$-26.25M	USD	Point-in-time
Stockholders' Deficiency	`StockholdersEquity`	$-24.25M	USD	Point-in-time
Stockholders' Deficiency	`StockholdersEquity`	$-11.48M	USD	Point-in-time
Stockholders' Deficiency	`StockholdersEquity`	$-26.10M	USD	Point-in-time
TOTAL	`LiabilitiesAndStockholdersEquity`	$64.03M	USD	Point-in-time
TOTAL	`LiabilitiesAndStockholdersEquity`	$64.07M	USD	Point-in-time

Income Statement 51 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesOfRealEstate`	$1.50M	USD	1 Quarter
Commissions	`OtherRealEstateRevenue`	$293.00K	USD	1 Quarter
Commissions	`OtherRealEstateRevenue`	$319.00K	USD	1 Quarter
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.50M	USD	1 Quarter
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.35M	USD	1 Quarter
Utilities	`UtilityRevenue`	$829.00K	USD	1 Quarter
Utilities	`UtilityRevenue`	$786.00K	USD	1 Quarter
Resort amenities and other	`SalesRevenueServicesNet`	$1.16M	USD	1 Quarter
Resort amenities and other	`SalesRevenueServicesNet`	$1.42M	USD	1 Quarter
Total Operating Revenues	`Revenues`	$3.85M	USD	1 Quarter
Total Operating Revenues	`Revenues`	$5.31M	USD	1 Quarter
Cost of sales	`CostOfRealEstateSales`	$149.00K	USD	1 Quarter
Other	`CostOfOtherPropertyOperatingExpense`	$266.00K	USD	1 Quarter
Other	`CostOfOtherPropertyOperatingExpense`	$443.00K	USD	1 Quarter
Leasing	`LeasingExpense`	$679.00K	USD	1 Quarter
Leasing	`LeasingExpense`	$695.00K	USD	1 Quarter
Utilities	`UtilitiesOperatingExpense`	$613.00K	USD	1 Quarter
Utilities	`UtilitiesOperatingExpense`	$624.00K	USD	1 Quarter
Resort amenities and other	`CostOfServices`	$1.48M	USD	1 Quarter
Resort amenities and other	`CostOfServices`	$1.10M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$254.00K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$62.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.05M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.94M	USD	1 Quarter
Gain on asset dispositions	`GainLossOnDispositionOfAssets`	$203.00K	USD	1 Quarter
Gain on asset dispositions	`GainLossOnDispositionOfAssets`	$1.36M	USD	1 Quarter
Depreciation	`Depreciation`	$734.00K	USD	1 Quarter
Depreciation	`Depreciation`	$986.00K	USD	1 Quarter
Pension and other postretirement expense (Note 10)	`PensionAndOtherPostretirementBenefitExpense`	$266.00K	USD	1 Quarter
Pension and other postretirement expense (Note 10)	`PensionAndOtherPostretirementBenefitExpense`	$313.00K	USD	1 Quarter
Total Operating Costs and Expenses	`OperatingExpenses`	$4.90M	USD	1 Quarter
Total Operating Costs and Expenses	`OperatingExpenses`	$6.19M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-2.34M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$407.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$671.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$634.00K	USD	1 Quarter
Loss from Continuing Operations, net of income taxes of $0	`IncomeLossFromContinuingOperations`	$-3.01M	USD	1 Quarter
Loss from Continuing Operations, net of income taxes of $0	`IncomeLossFromContinuingOperations`	$-227.00K	USD	1 Quarter
Income (Loss) from Discontinued Operations (Note 6), net of income taxes of $0	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$15.44M	USD	1 Quarter
Income (Loss) from Discontinued Operations (Note 6), net of income taxes of $0	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-17.00K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-244.00K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$12.43M	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-185.00K	USD	1 Quarter
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-216.00K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$12.64M	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-59.00K	USD	1 Quarter
Continuing Operations (in dollars per share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Continuing Operations (in dollars per share	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.16	USD	1 Quarter
Discontinued Operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.83	USD	1 Quarter
Net Income (Loss) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net Income (Loss) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.67	USD	1 Quarter

Cash Flow Statement 35 line items

Line Item	Tag	Value	Unit	Period
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-1.94M	USD	1 Quarter
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-428.00K	USD	1 Quarter
Purchases of property	`PaymentsToAcquireProductiveAssets`	$12.00K	USD	1 Quarter
Purchases of property	`PaymentsToAcquireProductiveAssets`	$81.00K	USD	1 Quarter
Proceeds from disposals of property	`ProceedsFromSaleOfProductiveAssets`	$650.00K	USD	1 Quarter
Proceeds from disposals of property	`ProceedsFromSaleOfProductiveAssets`	$309.00K	USD	1 Quarter
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$47.00K	USD	1 Quarter
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$738.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-169.00K	USD	1 Quarter
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$250.00K	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.40M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.80M	USD	1 Quarter
Payments of long-term debt and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.45M	USD	1 Quarter
Payments of long-term debt and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.17M	USD	1 Quarter
Debt issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$82.00K	USD	1 Quarter
Debt issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$306.00K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$1.32M	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$865.00K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$687.00K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-787.00K	USD	1 Quarter
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$890.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.58M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.31M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.10M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$890.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.58M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.31M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.10M	USD	Point-in-time
Interest (net of amounts capitalized)	`InterestPaidNet`	$351.00K	USD	1 Quarter
Interest (net of amounts capitalized)	`InterestPaidNet`	$543.00K	USD	1 Quarter
Income taxes	`ProceedsFromIncomeTaxRefunds`	$-47.00K	USD	1 Quarter
Amounts included in trade accounts payable for additions to property and for other investing activities	`CapitalExpendituresIncurredButNotYetPaid`	$64.00K	USD	1 Quarter
Amounts included in trade accounts payable for additions to property and for other investing activities	`CapitalExpendituresIncurredButNotYetPaid`	$418.00K	USD	1 Quarter
Funds related to the sale of property, held in escrow pending the completion of post-closing obligations	`EscrowDepositsRelatedToPropertySales`	$250.00K	USD	1 Quarter
Common stock issued to Company's members	`StockIssued1`	$150.30K	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-26.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$-24.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$-26.10M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	18.62M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	18.62M	shares	Point-in-time
Share-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$158.00K	USD	1 Quarter
Share-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$147.00K	USD	1 Quarter
Issuance of shares for incentive plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$150.00K	USD	1 Quarter
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$36.00K	USD	1 Quarter
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$82.00K	USD	1 Quarter
Other comprehensive income (loss) - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-185.00K	USD	1 Quarter
Other comprehensive income (loss) - pension	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-216.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-244.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$12.43M	USD	1 Quarter
Balance	`StockholdersEquity`	$-26.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$-24.25M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$-26.10M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	18.62M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	18.62M	shares	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Loss from Continuing Operations, income taxes	`IncomeTaxExpenseBenefitContinuingOperations`	-	USD	1 Quarter
Loss from Continuing Operations, income taxes	`IncomeTaxExpenseBenefitContinuingOperations`	-	USD	1 Quarter
Income (Loss) from Discontinued Operations, income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	-	USD	1 Quarter
Income (Loss) from Discontinued Operations, income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	-	USD	1 Quarter
Pension, income taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	1 Quarter
Pension, income taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.