10-K Filing

MAUI LAND & PINEAPPLE CO INC CIK: 63330 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001437749-17-003225`
Period End Date	20161231
Filing Date	20170224
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	mlp-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 44 Cash Flow Statement 56 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`	$57.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$602.00K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$415.00K	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
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Accounts receivable, less allowance of $57 and $319 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.50M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	43.00M	shares	Point-in-time
Accounts receivable, less allowance of $57 and $319 for doubtful accounts	`AccountsReceivableNetCurrent`	$1.53M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	18.96M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$190.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	18.87M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$208.00K	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$262.00K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	18.87M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	18.96M	shares	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$459.00K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.75M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.08M	USD	Point-in-time
Land	`Land`	$5.06M	USD	Point-in-time
Land	`Land`	$5.13M	USD	Point-in-time
Land improvements	`LandImprovements`	$19.69M	USD	Point-in-time
Land improvements	`LandImprovements`	$18.05M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$24.88M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$32.59M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$11.72M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$10.96M	USD	Point-in-time
Total property	`PropertyPlantAndEquipmentGross`	$58.96M	USD	Point-in-time
Total property	`PropertyPlantAndEquipmentGross`	$69.13M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$36.61M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$33.22M	USD	Point-in-time
Net Property	`PropertyPlantAndEquipmentNet`	$25.74M	USD	Point-in-time
Net Property	`PropertyPlantAndEquipmentNet`	$32.52M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$8.84M	USD	Point-in-time
Deferred development costs	`DeferredCosts`	$9.31M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.54M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsMiscellaneousNoncurrent`	$1.69M	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$11.00M	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$10.38M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$46.60M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$38.88M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$40.56M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$675.00K	USD	Point-in-time
Accounts payable	`AccountsPayableTradeCurrent`	$569.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$607.00K	USD	Point-in-time
Payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$396.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$378.00K	USD	Point-in-time
Current portion of accrued retirement benefits	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent`	$175.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$443.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$473.00K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$645.00K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	-	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$604.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$727.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.40M	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`	$6.86M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$10.25M	USD	Point-in-time
Accrued retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$9.06M	USD	Point-in-time
Deposits	`CustomerDepositsNoncurrent`	$2.40M	USD	Point-in-time
Deposits	`CustomerDepositsNoncurrent`	$2.38M	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$811.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueNoncurrent`	$409.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$40.00K	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`	$18.74M	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; 18,958,018 and 18,867,768 shares issued and outstanding	`CommonStockValue`	$77.63M	USD	Point-in-time
Common stock--no par value, 43,000,000 shares authorized; 18,958,018 and 18,867,768 shares issued and outstanding	`CommonStockValue`	$78.12M	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`	$-47.33M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-28.67M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.30M	USD	Point-in-time
Total Stockholders' Equity (Deficiency)	`StockholdersEquity`	$-10.94M	USD	Point-in-time
Total Stockholders' Equity (Deficiency)	`StockholdersEquity`	$-15.18M	USD	Point-in-time
Total Stockholders' Equity (Deficiency)	`StockholdersEquity`	$17.74M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIENCY)	`LiabilitiesAndStockholdersEquity`	$38.88M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIENCY)	`LiabilitiesAndStockholdersEquity`	$46.60M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesOfRealEstate`	$12.00M	USD	Annual
Sales	`SalesOfRealEstate`	$36.00M	USD	Annual
Commissions	`OtherRealEstateRevenue`	$1.12M	USD	Annual
Commissions	`OtherRealEstateRevenue`	$501.00K	USD	Annual
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$5.55M	USD	Annual
Leasing	`OperatingLeasesIncomeStatementLeaseRevenue`	$5.32M	USD	Annual
Utilities	`UtilityRevenue`	$3.33M	USD	Annual
Utilities	`UtilityRevenue`	$3.35M	USD	Annual
Resort amenities and other	`SalesRevenueServicesNet`	$1.40M	USD	Annual
Resort amenities and other	`SalesRevenueServicesNet`	$1.58M	USD	Annual
Total Operating Revenues	`Revenues`	$47.36M	USD	Annual
Total Operating Revenues	`Revenues`	$22.79M	USD	Annual
Cost of sales	`CostOfRealEstateSales`	$6.19M	USD	Annual
Cost of sales	`CostOfRealEstateSales`	$1.76M	USD	Annual
Other	`CostOfOtherPropertyOperatingExpense`	$1.27M	USD	Annual
Other	`CostOfOtherPropertyOperatingExpense`	$756.00K	USD	Annual
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$2.21M	USD	Annual
Leasing	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$2.97M	USD	Annual
Utilities	`UtilitiesOperatingExpense`	$2.33M	USD	Annual
Utilities	`UtilitiesOperatingExpense`	$2.26M	USD	Annual
Resort amenities and other	`CostOfServices`	$925.00K	USD	Annual
Resort amenities and other	`CostOfServices`	$947.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.20M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.18M	USD	Annual
Share-based compensation	`SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1`	$955.00K	USD	Annual
Share-based compensation	`SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1`	$984.00K	USD	Annual
Depreciation	`Depreciation`	$1.98M	USD	Annual
Depreciation	`Depreciation`	$2.12M	USD	Annual
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$295.00K	USD	Annual
Pension and other post-retirement expenses	`PensionAndOtherPostretirementBenefitExpense`	$5.02M	USD	Annual
Total Operating Costs and Expenses	`OperatingExpenses`	$23.89M	USD	Annual
Total Operating Costs and Expenses	`OperatingExpenses`	$13.45M	USD	Annual
OPERATING INCOME	`OperatingIncomeLoss`	$9.33M	USD	Annual
OPERATING INCOME	`OperatingIncomeLoss`	$23.47M	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-2.52M	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-1.66M	USD	Annual
NET INCOME	`NetIncomeLoss`	$21.81M	USD	Annual
NET INCOME	`NetIncomeLoss`	$6.81M	USD	Annual
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$3.09M	USD	Annual
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-6.37M	USD	Annual
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$28.19M	USD	Annual
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$3.72M	USD	Annual
NET INCOME PER COMMON SHARE --BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$1.15	USD	Annual
NET INCOME PER COMMON SHARE --BASIC AND DILUTED (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.36	USD	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Cash receipts from operations, net	`ProceedsFromCoreOperatingActivities`	$1.78M	USD	Annual
Cash receipts from operations, net	`ProceedsFromCoreOperatingActivities`	$2.86M	USD	Annual
Cash receipts from real estate sales, net	`ProceedsFromSaleOfRealEstate`	$35.57M	USD	Annual
Cash receipts from real estate sales, net	`ProceedsFromSaleOfRealEstate`	$11.62M	USD	Annual
Cash paid for payroll and taxes	`PaymentsToEmployees`	$1.70M	USD	Annual
Cash paid for payroll and taxes	`PaymentsToEmployees`	$1.22M	USD	Annual
Cash paid for interest	`InterestPaid`	$2.22M	USD	Annual
Cash paid for interest	`InterestPaid`	$2.00M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$159.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$30.00K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$10.62M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$33.88M	USD	Annual
Purchases of property	`PaymentsToAcquireProductiveAssets`	-	USD	Annual
Purchases of property	`PaymentsToAcquireProductiveAssets`	$268.00K	USD	Annual
Proceeds from disposals of property	`ProceedsFromSaleOfProductiveAssets`	-	USD	Annual
Proceeds from disposals of property	`ProceedsFromSaleOfProductiveAssets`	$52.00K	USD	Annual
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$63.00K	USD	Annual
Payments for other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$9.00K	USD	Annual
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$43.00K	USD	Annual
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-331.00K	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$600.00K	USD	Annual
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$27.50M	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$61.21M	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$10.21M	USD	Annual
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$381.00K	USD	Annual
Debt and common stock issuance costs and other	`PaymentOfFinancingAndStockIssuanceCosts`	$323.00K	USD	Annual
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-34.03M	USD	Annual
NET CASH USED IN FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-9.99M	USD	Annual
NET (DECREASE) INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-485.00K	USD	Annual
NET (DECREASE) INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$672.00K	USD	Annual
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$602.00K	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$415.00K	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$602.00K	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$415.00K	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Net income	`NetIncomeLoss`	$21.81M	USD	Annual
Net income	`NetIncomeLoss`	$6.81M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.31M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.99M	USD	Annual
Share based compensation	`ShareBasedCompensation`	$315.00K	USD	Annual
Share based compensation	`ShareBasedCompensation`	$187.00K	USD	Annual
Loss on property disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.32M	USD	Annual
Loss on property disposals	`GainLossOnSaleOfPropertyPlantEquipment`	$-12.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$256.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-25.00K	USD	Annual
Change in retirement liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$253.00K	USD	Annual
Change in retirement liabilities	`IncreaseDecreaseInPensionAndPostretirementObligations`	$4.98M	USD	Annual
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-106.00K	USD	Annual
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-293.00K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-30.00K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-93.00K	USD	Annual
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-3.88M	USD	Annual
Other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-378.00K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$10.62M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$33.88M	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-10.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$-15.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.74M	USD	Point-in-time
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$187.00K	USD	Annual
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$315.00K	USD	Annual
Issuance of shares for incentive plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$504.00K	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`	$324.00K	USD	Annual
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$3.09M	USD	Annual
Pension, net of income taxes of $0	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-6.37M	USD	Annual
Net income	`NetIncomeLoss`	$21.81M	USD	Annual
Net income	`NetIncomeLoss`	$6.81M	USD	Annual
Balance	`StockholdersEquity`	$-10.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$-15.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.74M	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.