10-K Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001437749-15-003690`
Period End Date	20141231
Filing Date	20150227
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	mlp-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 50 Cash Flow Statement 49 Stockholders Equity 20 Comprehensive Income 6

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$194.00K	USD	Point-in-time
Accounts receivable, allowance (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$163.00K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$829.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$415.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$359.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Accounts receivable, less allowance of $194 and $163 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.27M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Accounts receivable, less allowance of $194 and $163 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.20M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.74M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$170.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$596.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.79M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.79M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	18.74M	shares	Point-in-time
Assets held for sale	`DisposalGroupIncludingDiscontinuedOperationLongLivedAssetsCurrent`	$744.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.86M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.90M	USD	Point-in-time
Land	`Land`	$5.16M	USD	Point-in-time
Land	`Land`	$5.36M	USD	Point-in-time
Land improvements	`LandImprovements`	$24.95M	USD	Point-in-time
Land improvements	`LandImprovements`	$24.95M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$33.53M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$33.48M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$11.82M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$11.81M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$1.61M	USD	Point-in-time
Total Property	`PropertyPlantAndEquipmentGross`	$77.27M	USD	Point-in-time
Total Property	`PropertyPlantAndEquipmentGross`	$75.40M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$37.08M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$39.34M	USD	Point-in-time
Net Property	`PropertyPlantAndEquipmentNet`	$36.07M	USD	Point-in-time
Net Property	`PropertyPlantAndEquipmentNet`	$40.18M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$9.35M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$7.73M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$2.00M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$2.94M	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$11.35M	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$10.67M	USD	Point-in-time
TOTAL	`Assets`	$49.27M	USD	Point-in-time
TOTAL	`Assets`	$53.75M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.53M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$49.00M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$968.00K	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$995.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$362.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$270.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$391.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$443.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.42M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$566.00K	USD	Point-in-time
Current portion of accrued contract terminations	`ContractTerminationAccrualsCurrent`	$159.00K	USD	Point-in-time
Current portion of accrued contract terminations	`ContractTerminationAccrualsCurrent`	$159.00K	USD	Point-in-time
Other current liabilities, including deferred revenue	`OtherLiabilitiesCurrent`	$2.22M	USD	Point-in-time
Other current liabilities, including deferred revenue	`OtherLiabilitiesCurrent`	$1.08M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$54.60M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.96M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$47.64M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$6.89M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$20.87M	USD	Point-in-time
Accrued contract terminations	`ContractTerminationAccrualsNoncurrent`	$316.00K	USD	Point-in-time
Accrued contract terminations	`ContractTerminationAccrualsNoncurrent`	$475.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$5.05M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$3.64M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$58.49M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$26.39M	USD	Point-in-time
COMMITMENTS & CONTINGENCIES (Note 7 & 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS & CONTINGENCIES (Note 7 & 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized; 18,785,055 and 18,737,384 shares issued and outstanding	`CommonStockValue`	$77.11M	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized; 18,785,055 and 18,737,384 shares issued and outstanding	`CommonStockValue`	$76.81M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$9.24M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$9.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-93.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-75.96M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.69M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.57M	USD	Point-in-time
Stockholders' Deficiency	`StockholdersEquity`	$-34.36M	USD	Point-in-time
Stockholders' Deficiency	`StockholdersEquity`	$-27.23M	USD	Point-in-time
Stockholders' Deficiency	`StockholdersEquity`	$-15.18M	USD	Point-in-time
TOTAL	`LiabilitiesAndStockholdersEquity`	$49.27M	USD	Point-in-time
TOTAL	`LiabilitiesAndStockholdersEquity`	$53.75M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesOfRealEstate`	$22.69M	USD	Annual
Sales	`SalesOfRealEstate`	$4.51M	USD	Annual
Commissions and other	`OtherRealEstateRevenue`	$617.00K	USD	Annual
Commissions and other	`OtherRealEstateRevenue`	$921.00K	USD	Annual
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$5.15M	USD	Annual
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$4.86M	USD	Annual
Utilities	`UtilityRevenue`	$3.31M	USD	Annual
Utilities	`UtilityRevenue`	$3.69M	USD	Annual
Resort amenities and other	`SalesRevenueServicesNet`	$1.25M	USD	Annual
Resort amenities and other	`SalesRevenueServicesNet`	$1.23M	USD	Annual
Total Operating Revenues	`Revenues`	$33.01M	USD	Annual
Total Operating Revenues	`Revenues`	$15.21M	USD	Annual
Cost of sales	`CostOfRealEstateSales`	$2.42M	USD	Annual
Cost of sales	`CostOfRealEstateSales`	$1.29M	USD	Annual
Other	`CostOfOtherPropertyOperatingExpense`	$2.08M	USD	Annual
Other	`CostOfOtherPropertyOperatingExpense`	$1.22M	USD	Annual
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$2.91M	USD	Annual
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$2.24M	USD	Annual
Utilities	`UtilitiesOperatingExpense`	$2.23M	USD	Annual
Utilities	`UtilitiesOperatingExpense`	$2.38M	USD	Annual
Resort amenities and other	`CostOfServices`	$900.00K	USD	Annual
Resort amenities and other	`CostOfServices`	$725.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.38M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.99M	USD	Annual
Gain from settlement of contract termination	`ContractTerminationReduction`	$1.04M	USD	Annual
Depreciation	`Depreciation`	$2.55M	USD	Annual
Depreciation	`Depreciation`	$2.30M	USD	Annual
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$888.00K	USD	Annual
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$391.00K	USD	Annual
Total Operating Costs and Expenses	`OperatingExpenses`	$15.75M	USD	Annual
Total Operating Costs and Expenses	`OperatingExpenses`	$13.10M	USD	Annual
Operating Income (Loss)	`OperatingIncomeLoss`	$-540.00K	USD	Annual
Operating Income (Loss)	`OperatingIncomeLoss`	$19.91M	USD	Annual
Interest expense	`InvestmentIncomeInterest`	$-2.49M	USD	Annual
Interest expense	`InvestmentIncomeInterest`	$-2.27M	USD	Annual
Income (Loss) from Continuing Operations net of income taxes of $0	`IncomeLossFromContinuingOperations`	$-3.03M	USD	Annual
Income (Loss) from Continuing Operations net of income taxes of $0	`IncomeLossFromContinuingOperations`	$17.64M	USD	Annual
Income from Discontinued Operations net of income tax benefit of $0 and $144	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$1.87M	USD	Annual
Income from Discontinued Operations net of income tax benefit of $0 and $144	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$17.64M	USD	Annual
NET INCOME (LOSS)	`NetIncomeLoss`	$-1.16M	USD	Annual
Pension benefit adjustment net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-7.89M	USD	Annual
Pension benefit adjustment net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$5.88M	USD	Annual
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$11.75M	USD	Annual
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$6.72M	USD	Annual
Continuing Operations (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.94	USD	Annual
Continuing Operations (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.16	USD	Annual
Discontinued Operations (in Dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.10	USD	Annual
Net Income (Loss) (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.94	USD	Annual
Net Income (Loss) (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	Annual

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$17.64M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-1.16M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.51M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.87M	USD	Annual
Share based compensation	`ShareBasedCompensation`	$425.00K	USD	Annual
Share based compensation	`ShareBasedCompensation`	$271.00K	USD	Annual
Gain on property disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$1.67M	USD	Annual
Gain on property disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$1.47M	USD	Annual
Land transferred in settlement of contract terminations	`NonmonetaryTransactionGainLossRecognizedOnTransfer`	$773.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-65.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-69.00K	USD	Annual
Change in retirement liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$-1.82M	USD	Annual
Change in retirement liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$-19.91M	USD	Annual
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$4.00K	USD	Annual
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-354.00K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-855.00K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.04M	USD	Annual
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$863.00K	USD	Annual
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-2.00K	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-3.59M	USD	Annual
NET CASH USED IN OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-2.74M	USD	Annual
Purchases of property	`PaymentsToAcquireProductiveAssets`	$4.00K	USD	Annual
Purchases of property	`PaymentsToAcquireProductiveAssets`	$31.00K	USD	Annual
Proceeds from disposals of property	`ProceedsFromSaleOfProductiveAssets`	$3.90M	USD	Annual
Proceeds from disposals of property	`ProceedsFromSaleOfProductiveAssets`	$2.28M	USD	Annual
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$67.00K	USD	Annual
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$109.00K	USD	Annual
NET CASH PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$3.79M	USD	Annual
NET CASH PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$2.18M	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$3.50M	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$7.80M	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$2.32M	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$8.07M	USD	Annual
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$407.00K	USD	Annual
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$562.00K	USD	Annual
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-675.00K	USD	Annual
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$614.00K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$56.00K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-470.00K	USD	Annual
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$829.00K	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$415.00K	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$359.00K	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$829.00K	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$415.00K	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$359.00K	USD	Point-in-time
Interest	`InterestPaidNet`	$2.33M	USD	Annual
Interest	`InterestPaidNet`	$2.20M	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	$700.00K	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	$600.00K	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance, January 1, 2013	`StockholdersEquity`	$-34.36M	USD	Point-in-time
Balance, January 1, 2013	`StockholdersEquity`	$-27.23M	USD	Point-in-time
Balance, January 1, 2013	`StockholdersEquity`	$-15.18M	USD	Point-in-time
Balance, January 1, 2013 (in Shares)	`CommonStockSharesIssued`	18.74M	shares	Point-in-time
Balance, January 1, 2013 (in Shares)	`CommonStockSharesIssued`	18.79M	shares	Point-in-time
Share-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$425.00K	USD	Annual
Share-based compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$271.00K	USD	Annual
Issuance of shares for incentive plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$133.00K	USD	Annual
Issuance of shares for incentive plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$218.00K	USD	Annual
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$-149.00K	USD	Annual
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$-193.00K	USD	Annual
Other comprehensive income-pension (Note 8)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-7.89M	USD	Annual
Other comprehensive income-pension (Note 8)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$5.88M	USD	Annual
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.16M	USD	Annual
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$17.64M	USD	Annual
Ending balance	`StockholdersEquity`	$-34.36M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-27.23M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-15.18M	USD	Point-in-time
Ending balance (in Shares)	`CommonStockSharesIssued`	18.74M	shares	Point-in-time
Ending balance (in Shares)	`CommonStockSharesIssued`	18.79M	shares	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Continuing Operations Taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Continuing Operations Taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	-	USD	Annual
Income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$144.00K	USD	Annual
Income taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	Annual
Income taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	Annual

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