10-K Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001437749-16-026175`
Period End Date	20151231
Filing Date	20160226
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	mlp-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 44 Cash Flow Statement 58 Stockholders Equity 18 Comprehensive Income 2

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$319.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$194.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$359.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$415.00K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Accounts receivable, less allowance of $319 and $194 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.53M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Accounts receivable, less allowance of $319 and $194 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.27M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	18.79M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$208.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	18.87M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$170.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	18.87M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	18.79M	shares	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$262.00K	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.08M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.86M	USD	Point-in-time
Land	`Land`	$5.13M	USD	Point-in-time
Land	`Land`	$5.16M	USD	Point-in-time
Land improvements	`LandImprovements`	$24.95M	USD	Point-in-time
Land improvements	`LandImprovements`	$19.69M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$32.59M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$33.48M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$11.72M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$11.81M	USD	Point-in-time
Total property	`PropertyPlantAndEquipmentGross`	$75.40M	USD	Point-in-time
Total property	`PropertyPlantAndEquipmentGross`	$69.13M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$39.34M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$36.61M	USD	Point-in-time
Net Property	`PropertyPlantAndEquipmentNet`	$32.52M	USD	Point-in-time
Net Property	`PropertyPlantAndEquipmentNet`	$36.07M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$9.31M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$9.35M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.69M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$2.00M	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$11.35M	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$11.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$46.60M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$49.27M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.53M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$40.56M	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$968.00K	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$675.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$396.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$270.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$378.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$391.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$566.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$473.00K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$352.00K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$645.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$884.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$727.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.96M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$43.86M	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`	$10.25M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$6.89M	USD	Point-in-time
Deposits	`CustomerDepositsNoncurrent`	$2.40M	USD	Point-in-time
Deposits	`CustomerDepositsNoncurrent`	$2.40M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$811.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$1.18M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$375.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$216.00K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$13.68M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$58.49M	USD	Point-in-time
COMMITMENTS & CONTINGENCIES (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS & CONTINGENCIES (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized; 18,867,768 and 18,785,055 shares issued and outstanding	`CommonStockValue`	$77.63M	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized; 18,867,768 and 18,785,055 shares issued and outstanding	`CommonStockValue`	$77.11M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.25M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$9.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-69.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-75.96M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.57M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-28.67M	USD	Point-in-time
Total Stockholders' Deficiency	`StockholdersEquity`	$-27.23M	USD	Point-in-time
Total Stockholders' Deficiency	`StockholdersEquity`	$-10.94M	USD	Point-in-time
Total Stockholders' Deficiency	`StockholdersEquity`	$-15.18M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIENCY	`LiabilitiesAndStockholdersEquity`	$49.27M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' DEFICIENCY	`LiabilitiesAndStockholdersEquity`	$46.60M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesOfRealEstate`	$22.69M	USD	Annual
Sales	`SalesOfRealEstate`	$12.00M	USD	Annual
Commissions	`OtherRealEstateRevenue`	$501.00K	USD	Annual
Commissions	`OtherRealEstateRevenue`	$617.00K	USD	Annual
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$5.55M	USD	Annual
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$5.40M	USD	Annual
Utilities	`UtilityRevenue`	$3.31M	USD	Annual
Utilities	`UtilityRevenue`	$3.33M	USD	Annual
Resort amenities and other	`SalesRevenueServicesNet`	$1.40M	USD	Annual
Resort amenities and other	`SalesRevenueServicesNet`	$1.25M	USD	Annual
Total Operating Revenues	`Revenues`	$22.79M	USD	Annual
Total Operating Revenues	`Revenues`	$33.26M	USD	Annual
Cost of Real Estate Sales	`CostOfRealEstateSales`	$1.29M	USD	Annual
Cost of Real Estate Sales	`CostOfRealEstateSales`	$1.76M	USD	Annual
Other	`CostOfOtherPropertyOperatingExpense`	$1.27M	USD	Annual
Other	`CostOfOtherPropertyOperatingExpense`	$756.00K	USD	Annual
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$2.50M	USD	Annual
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$2.21M	USD	Annual
Utilities	`UtilitiesOperatingExpense`	$2.26M	USD	Annual
Utilities	`UtilitiesOperatingExpense`	$2.38M	USD	Annual
Resort amenities and other	`CostOfServices`	$900.00K	USD	Annual
Resort amenities and other	`CostOfServices`	$925.00K	USD	Annual
General and administrative and other expenses	`GeneralAndAdministrativeExpense`	$2.18M	USD	Annual
General and administrative and other expenses	`GeneralAndAdministrativeExpense`	$1.97M	USD	Annual
Share-based compensation	`SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1`	$355.00K	USD	Annual
Share-based compensation	`SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1`	$955.00K	USD	Annual
Depreciation	`Depreciation`	$2.12M	USD	Annual
Depreciation	`Depreciation`	$2.30M	USD	Annual
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$295.00K	USD	Annual
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$391.00K	USD	Annual
Total Operating Costs and Expenses	`OperatingExpenses`	$13.45M	USD	Annual
Total Operating Costs and Expenses	`OperatingExpenses`	$13.36M	USD	Annual
OPERATING INCOME	`OperatingIncomeLoss`	$9.33M	USD	Annual
OPERATING INCOME	`OperatingIncomeLoss`	$19.91M	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-2.52M	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-2.27M	USD	Annual
NET INCOME	`NetIncomeLoss`	$17.64M	USD	Annual
NET INCOME	`NetIncomeLoss`	$6.81M	USD	Annual
Other comprehensive loss-pension (Note 6)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$3.09M	USD	Annual
Other comprehensive loss-pension (Note 6)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$5.88M	USD	Annual
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$3.72M	USD	Annual
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$11.75M	USD	Annual
NET INCOME (LOSS) PER COMMON SHARE - BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.36	USD	Annual
NET INCOME (LOSS) PER COMMON SHARE - BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.94	USD	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Cash receipts from operations, net	`ProceedsFromCoreOperatingActivities`	$2.86M	USD	Annual
Cash receipts from operations, net	`ProceedsFromCoreOperatingActivities`	$2.09M	USD	Annual
Cash receipts from real estate sales, net	`ProceedsFromSaleOfRealEstate`	$21.68M	USD	Annual
Cash receipts from real estate sales, net	`ProceedsFromSaleOfRealEstate`	$11.62M	USD	Annual
Cash paid for defined benefit pension plans contributions	`PensionContributions`	-	USD	Annual
Cash paid for defined benefit pension plans contributions	`PensionContributions`	$20.17M	USD	Annual
Cash paid for payroll and taxes	`PaymentsToEmployees`	$1.70M	USD	Annual
Cash paid for payroll and taxes	`PaymentsToEmployees`	$1.26M	USD	Annual
Cash paid for interest	`InterestPaid`	$2.00M	USD	Annual
Cash paid for interest	`InterestPaid`	$2.20M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$600.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$159.00K	USD	Annual
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$10.62M	USD	Annual
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-460.00K	USD	Annual
Purchases of property	`PaymentsToAcquireProductiveAssets`	-	USD	Annual
Purchases of property	`PaymentsToAcquireProductiveAssets`	$31.00K	USD	Annual
Proceeds from disposals of property	`ProceedsFromSaleOfProductiveAssets`	$52.00K	USD	Annual
Proceeds from disposals of property	`ProceedsFromSaleOfProductiveAssets`	-	USD	Annual
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$67.00K	USD	Annual
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$9.00K	USD	Annual
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-98.00K	USD	Annual
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$43.00K	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$600.00K	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$3.50M	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$10.21M	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$2.32M	USD	Annual
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$381.00K	USD	Annual
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$562.00K	USD	Annual
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$614.00K	USD	Annual
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-9.99M	USD	Annual
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$672.00K	USD	Annual
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$56.00K	USD	Annual
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$359.00K	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$415.00K	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$359.00K	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$415.00K	USD	Point-in-time
Net income	`NetIncomeLoss`	$17.64M	USD	Annual
Net income	`NetIncomeLoss`	$6.81M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.51M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.31M	USD	Annual
Share based compensation	`ShareBasedCompensation`	$187.00K	USD	Annual
Share based compensation	`ShareBasedCompensation`	$271.00K	USD	Annual
Gain on property disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-811.00K	USD	Annual
Gain on property disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.32M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$256.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$69.00K	USD	Annual
Change in retirement liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$253.00K	USD	Annual
Change in retirement liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$-19.91M	USD	Annual
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-293.00K	USD	Annual
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$4.00K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-855.00K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-93.00K	USD	Annual
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-378.00K	USD	Annual
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$863.00K	USD	Annual
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$10.62M	USD	Annual
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-460.00K	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-27.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$-10.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$-15.18M	USD	Point-in-time
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$187.00K	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$271.00K	USD	Annual
Issuance of shares for incentive plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$218.00K	USD	Annual
Issuance of shares for incentive plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$645.00K	USD	Annual
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Vested restricted stock issued	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$309.00K	USD	Annual
Shares cancelled to pay tax liability	`StockRepurchasedAndRetiredDuringPeriodValue`	$193.00K	USD	Annual
Other comprehensive loss-pension (Note 6)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$3.09M	USD	Annual
Other comprehensive loss-pension (Note 6)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$5.88M	USD	Annual
Net income	`NetIncomeLoss`	$17.64M	USD	Annual
Net income	`NetIncomeLoss`	$6.81M	USD	Annual
Balance	`StockholdersEquity`	$-27.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$-10.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$-15.18M	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Pension, taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	Annual
Pension, taxes	`OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent`	-	USD	Annual

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