Limoneira (LMNR) 10-Q 9 Sep 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jul. 31, 2015	Aug. 31, 2015
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2015
Entity Registrant Name	Limoneira CO
Entity Central Index Key	1,342,423
Trading Symbol	LMNR
Current Fiscal Year End Date	--10-31
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		14,128,830

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jul. 31, 2015	Oct. 31, 2014
Current assets:
Cash	$ 32,000	$ 92,000
Accounts receivable, net	7,626,000	7,236,000
Cultural costs	2,859,000	3,691,000
Prepaid expenses and other current assets	$ 3,986,000	3,849,000
Income taxes receivable		1,143,000
Total current assets	$ 14,503,000	16,011,000
Property, plant and equipment, net	122,007,000	105,433,000
Real estate development	94,923,000	88,088,000
Equity in investments	3,344,000	3,638,000
Investment in Calavo Growers, Inc.	27,255,000	24,270,000
Note receivable	819,000	2,084,000
Other assets	8,125,000	8,114,000
Total assets	270,976,000	247,638,000
Current liabilities:
Accounts payable	5,457,000	6,363,000
Growers payable	6,066,000	5,839,000
Accrued liabilities	7,219,000	7,539,000
Fair value of derivative instrument	764,000	809,000
Current portion of long-term debt	585,000	583,000
Total current liabilities	20,091,000	21,133,000
Long-term liabilities:
Long-term debt, less current portion	84,215,000	67,771,000
Deferred income taxes	23,294,000	21,792,000
Other long-term liabilities	5,708,000	6,282,000
Total liabilities	$ 133,308,000	$ 116,978,000
Commitments and contingencies
Convertible Preferred Stock	$ 12,331,000	$ 12,331,000
Stockholders' equity:
Common Stock - $.01 par value (19,900,000 shares authorized: 14,128,830 and 14,078,077 shares issued and outstanding at July 31, 2015 and October 31, 2014, respectively)	141,000	140,000
Additional paid-in capital	90,394,000	89,770,000
Retained earnings	27,356,000	23,308,000
Accumulated other comprehensive income	7,446,000	5,111,000
Total stockholders' equity	125,337,000	118,329,000
Total liabilities and stockholders' equity	270,976,000	247,638,000
Series B Convertible Preferred Stock [Member]
Long-term liabilities:
Convertible Preferred Stock	3,000,000	3,000,000
Series B-2 Convertible Preferred Stock [Member]
Long-term liabilities:
Convertible Preferred Stock	$ 9,331,000	$ 9,331,000
Series A Junior Participating Preferred Stock [Member]
Stockholders' equity:
Preferred Stock

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	9 Months Ended	12 Months Ended
	Jul. 31, 2015	Oct. 31, 2014
Common stock, par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	19,900,000	19,900,000
Common stock, shares issued	14,128,830	14,078,077
Common stock, shares outstanding	14,128,830	14,078,077
Series B Convertible Preferred Stock [Member]
Preferred stock, par value per share	$ 100	$ 100
Preferred stock, shares authorized	50,000	50,000
Preferred stock, shares issued	30,000	30,000
Preferred stock, shares outstanding	30,000	30,000
Cumulative cash dividend percentage	8.75%	8.75%
Series B-2 Convertible Preferred Stock [Member]
Preferred stock, par value per share	$ 100	$ 100
Preferred stock, shares authorized	10,000	10,000
Preferred stock, shares issued	9,300	9,300
Preferred stock, shares outstanding	9,300	9,300
Cumulative cash dividend percentage	4.00%	4.00%
Liquidation preference per share	$ 1,000	$ 1,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Revenues:
Agribusiness	$ 28,466,000	$ 35,173,000	$ 82,268,000	$ 83,481,000
Rental operations	1,311,000	1,182,000	3,769,000	3,483,000
Real estate development	34,000	121,000	62,000	196,000
Total revenues	29,811,000	36,476,000	86,099,000	87,160,000
Costs and expenses:
Agribusiness	17,471,000	17,805,000	63,308,000	58,730,000
Rental operations	907,000	796,000	2,471,000	2,231,000
Real estate development	$ 325,000	420,000	$ 806,000	1,021,000
Impairment of real estate development assets		435,000		435,000
Selling, general and administrative	$ 3,270,000	3,640,000	$ 10,053,000	10,326,000
Total costs and expenses	21,973,000	23,096,000	76,638,000	72,743,000
Operating income	7,838,000	13,380,000	9,461,000	14,417,000
Other income (expense):
Interest (expense) income, net	(45,000)	20,000	(102,000)	59,000
Equity in earnings of investments	205,000	101,000	193,000	132,000
Other income, net	91,000	39,000	353,000	254,000
Total other income	251,000	160,000	444,000	445,000
Income before income tax provision	8,089,000	13,540,000	9,905,000	14,862,000
Income tax provision	(2,776,000)	(4,608,000)	(3,477,000)	(5,036,000)
Net income	5,313,000	8,932,000	6,428,000	9,826,000
Preferred dividends	(159,000)	(171,000)	(477,000)	(302,000)
Net income applicable to common stock	$ 5,154,000	$ 8,761,000	$ 5,951,000	$ 9,524,000
Basic net income per common share	$ 0.36	$ 0.62	$ 0.42	$ 0.68
Diluted net income per common share	0.36	0.61	0.42	0.68
Dividends per common share	$ 0.05	$ 0.05	$ 0.14	$ 0.12
Weighted-average common shares outstanding-basic	14,127,000	14,064,000	14,115,000	14,048,000
Weighted-average common shares outstanding-diluted	14,953,000	14,486,000	14,115,000	14,227,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Consolidated Statements of Comprehensive Income [Abstract]
Net income	$ 5,313,000	$ 8,932,000	$ 6,428,000	$ 9,826,000
Other comprehensive income, net of tax:
Minimum pension liability adjustment	149,000	117,000	447,000	352,000
Unrealized holding gains on security available-for-sale	1,172,000	1,023,000	1,813,000	1,445,000
Unrealized gains from derivative instruments	87,000	119,000	75,000	370,000
Total other comprehensive income, net of tax	1,408,000	1,259,000	2,335,000	2,167,000
Comprehensive income	$ 6,721,000	$ 10,191,000	$ 8,763,000	$ 11,993,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Operating activities
Net income	$ 6,428,000	$ 9,826,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,979,000	2,564,000
Loss on disposals of assets	$ 357,000	408,000
Impairment of real estate development assets		435,000
Stock compensation expense	$ 799,000	892,000
Distributed earnings of investments	303,000	52,000
Accrued interest on notes receivable	(36,000)	(59,000)
Donation of common stock	100,000	100,000
Changes in operating assets and liabilities:
Accounts receivable, net	(394,000)	(4,728,000)
Cultural costs	832,000	1,434,000
Prepaid expenses and other current assets	(137,000)	$ (57,000)
Income taxes receivable	1,143,000
Other assets	208,000	$ 240,000
Accounts payable and growers payable	(2,073,000)	3,208,000
Accrued liabilities	(581,000)	3,339,000
Other long-term liabilities	258,000	121,000
Net cash provided by operating activities	10,186,000	17,775,000
Investing activities
Capital expenditures	$ (23,735,000)	(14,185,000)
Business combinations		(700,000)
Equity investment contributions	$ (9,000)	(8,000)
Investments in mutual water companies	(293,000)	(293,000)
Net cash used in investing activities	(24,037,000)	(15,186,000)
Financing activities
Borrowings of long-term debt	93,334,000	40,938,000
Repayments of long-term debt	(76,888,000)	(50,967,000)
Dividends paid - common	(1,903,000)	(1,687,000)
Dividends paid - preferred	(477,000)	(271,000)
Exchange of common stock	$ (275,000)	(175,000)
Net proceeds from issuance of preferred stock		9,300,000
Payments of debt financing costs		(106,000)
Net cash provided by (used in) financing activities	$ 13,791,000	(2,968,000)
Net decrease in cash	(60,000)	(29,000)
Cash at beginning of period	92,000	82,000
Cash at end of period	32,000	53,000
Supplemental disclosures of cash flow information
Cash paid during the period for interest	1,939,000	1,730,000
Cash (received) paid during the period for income taxes, net of payments (refunds)	(640,000)	2,095,000
Non-cash investing and financing activities:
Unrealized holding gain on Calavo investment	(2,985,000)	(2,400,000)
Capital expenditures accrued but not paid at period-end	1,654,000	$ 721,000
Non-cash reduction of note receivable	1,301,000
Accrued interest on note receivable	36,000	$ 59,000
Donation of common stock	100,000	100,000
Accrued Series B-2 Convertible Preferred Stock dividends	$ 31,000	$ 31,000

Preface

Preface	9 Months Ended
	Jul. 31, 2015
Preface [Abstract]
Preface	Preface The preparation of the unaudited interim consolidated financial statements requires management to make use of estimates and assumptions that affect the reported amount of assets and liabilities, revenue and expenses and certain financial statement disclosures. Actual results may differ from these estimates. The unaudited interim consolidated financial statements for the three months and nine months ended July 31, 2015 and 2014 and balance sheet as of July 31, 2015 included herein have not been audited by an independent registered public accounting firm, but in management's opinion, all adjustments (consisting of normal recurring adjustments) necessary to make a fair statement of the financial position at July 31, 2015 and the results of operations and the cash flows for the periods presented herein have been made. The results of operations for the three and nine months ended July 31, 2015 are not necessarily indicative of the operating results expected for the full fiscal year. The consolidated balance sheet at October 31, 2014 included herein has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by U.S. generally accepted accounting principles (“GAAP”) The unaudited interim consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). Although we believe the disclosures made are adequate to make the information presented not misleading, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules or regulations. These unaudited interim consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Form 10-K for the fiscal year ended October 31, 2014.

Business

Business	9 Months Ended
	Jul. 31, 2015
Business [Abstract]
Business	1. Business Limoneira Company, a Delaware corporation (the “Company”), engages primarily in growing citrus and avocados, picking and hauling citrus, and packing, marketing and selling lemons. The Company is also engaged in residential rentals and other rental operations and real estate development activities. The Company markets and sells lemons directly to foodservice, wholesale and retail customers throughout the United States, Canada, Asia and other international markets. The Company is a member of Sunkist Growers, Inc. (“Sunkist”), an agricultural marketing cooperative, and sells its oranges, specialty citrus and other crops to Sunkist-licensed and other third-party packinghouses. The Company sells all of its avocado production to Calavo Growers, Inc. (“Calavo”), a packing and marketing company listed on the NASDAQ Global Select Market under the symbol CVGW. Calavo's customers include many of the largest retail and food service companies in the United States and Canada. The Company's avocados are packed by Calavo, sold and distributed under Calavo brands to its customers. The unaudited interim consolidated financial statements include the accounts of the Company and the accounts of all the subsidiaries and investments in which a controlling interest is held by the Company. The unaudited interim consolidated financial statements represent the consolidated balance sheets, consolidated statements of operations, consolidated statements of comprehensive income and consolidated statements of cash flows of the Company and its wholly-owned subsidiaries. The Company's subsidiaries include: Limoneira International Division, LLC, Limoneira Mercantile, LLC, Windfall Investors, LLC, Templeton Santa Barbara, LLC, and Associated Citrus Packers, Inc. All significant intercompany balances and transactions have been eliminated in consolidation. The Company considers the criteria established under the Financial Accounting Standards Board – Accounting Standards Code (“FASB ASC”) 810, Consolidations

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Jul. 31, 2015
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Reclassifications and Adjustments Certain reclassifications have been made to the prior years' consolidated financial statements to conform to the July 31, 2015 presentation. Immaterial Classification Error - An immaterial error in the classification of an equity method investee's distributions was corrected in the July 31, 2014 consolidated financial statements which resulted in the reclassification of an equity method investee's distributions from investing to operating cash flows in the amount of $ 184,000 Other Reclassifications - Equity in earnings of investments were reclassified as a component of other income (expense) from a separate line item following the income tax provision on the statement of operations. Recent Accounting Pronouncements Financial Accounting Standards Board – Accounting Standards Update (“FASB ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606). In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition – Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g., assets within the scope of Topic 360, Property, Plant, and Equipment, and tangible assets within the scope of Topic 350, Intangibles – Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: • Identify the contract(s) with a customer. • Identify the performance obligations in the contract. • Determine the transaction price. • Allocate the transaction price to the performance obligations in the contract. • Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early application is not permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements. FASB Accounting Standards Update No. 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The amendments are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. FASB Accounting Standards Update No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory The amendments in this ASU do not apply to inventory that is measured using last-in, first-out (LIFO) or the retail inventory method. The amendments apply to all other inventory, which includes inventory that is measured using first-in, first-out (FIFO) or average cost. An entity should measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. The amendments in this ASU more closely align the measurement of inventory in GAAP with the measurement of inventory in International Financial Reporting Standards. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017. The amendments should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jul. 31, 2015
Fair Value Measurements [Abstract]
Fair Value Measurements	3. Fair Value Measurements Under the FASB ASC 820, Fair Value Measurement and Disclosures The following table sets forth the Company's financial assets and liabilities as of July 31, 2015 and October 31, 2014, which are measured on a recurring basis during the period, segregated by level within the fair value hierarchy: July 31, 2015 Level 1 Level 2 Level 3 Total Assets at fair value: Available-for-sale securities $ 27,255,000 $ – $ – $ 27,255,000 Liabilities at fair value: Derivative $ – $ 1,662,000 $ – $ 1,662,000 October 31, 2014 Level 1 Level 2 Level 3 Total Assets at fair value: Available-for-sale securities $ 24,270,000 $ – $ – $ 24,270,000 Liabilities at fair value: Derivative $ – $ 1,782,000 $ – $ 1,782,000 Available-for-sale securities consist of marketable securities in Calavo common stock. The Company currently owns 500,000 2.9 54.51 48.54 The derivative consists of an interest rate swap, the fair value of which is estimated using industry-standard valuation models. Such models project future cash flows and discount the future amounts to a present value using market-based observable inputs.

Accounts Receivable

Accounts Receivable	9 Months Ended
	Jul. 31, 2015
Accounts Receivable [Abstract]
Accounts Receivable	4. Accounts Receivable The Company grants credit in the course of its operations to customers, cooperatives, companies and lessees of the Company's facilities. The Company performs periodic credit evaluations of its customers' financial condition and generally does not require collateral. The Company provides allowances on its receivables, as required, based on accounts receivable aging and certain other factors. As of July 31, 2015 and October 31, 2014 the allowances totaled $ 163,000 442,000

Concentrations

Concentrations	9 Months Ended
	Jul. 31, 2015
Concentrations [Abstract]
Concentrations	5. Concentrations Lemons procured from third-party growers were 25 23 35 20 The Company sells all of its avocado production to Calavo.

Real Estate Development Assets

Real Estate Development Assets	9 Months Ended
	Jul. 31, 2015
Real Estate Development Assets [Abstract]
Real Estate Development Assets	6. Real Estate Development Assets Real estate development assets consist of the following: July 31, 2015 October 31, 2014 East Areas 1 and 2 $ 58,532,000 $ 55,016,000 Templeton Santa Barbara, LLC 11,039,000 11,039,000 Windfall Investors, LLC 25,352,000 22,033,000 $ 94,923,000 $ 88,088,000 East Areas 1 and 2 In fiscal year 2005, the Company began capitalizing the costs of two 550 1,434,000 827,000 3,516,000 2,333,000 4,000 12,000 13,000 in the nine months ended July 31, 2015 and 2014, respectively. On August 24, 2010, the Company entered into an amendment (the “Amendment”) to a Real Estate Advisory Management Consultant Agreement (the “Consultant Agreement”) with Parkstone Companies, Inc. (the “Consultant”) dated April 1, 2004, that includes provisions for the Consultant to earn a success fee (the “Success Fee”) upon the annexation by the City of Santa Paula, California of East Area I. Under the terms of the Amendment, the Company agrees to pay the Success Fee in an amount equal to 4% of the incremental Property Value under a formula defined in the Amendment. The Success Fee is due and payable 120 days following the earlier to occur of (a) the sale of all or any portion of East Area I, including any unrelated third party material investment in the property, (b) the determination of an appraised value of the East Area I or (c) the second anniversary of the property annexation (each a “Success Fee Event”). The Success Fee, if any, shall be paid in cash, shares of the Company's common stock, or any combination of the forgoing at the sole discretion of the Company. The Success Fee is based on the calculated value of the property, which can vary over time until the settlement date. Accordingly, the Success Fee will be “marked to market” periodically to recognize the potential variability in the property value. Changes in the value, if any, will be recorded to capitalized development costs and additional paid in capital (“APIC”). To the extent that it becomes probable that cash will be used in the settlement rather than stock, such amount of cash will be classified as a liability rather than APIC. If the Success Fee is paid in shares of common stock, deemed to be an equity award, the amount of common stock paid will be determined using a price per share equal to the average of closing prices of the common stock on the NASDAQ Global Market for the 20 trading days ending on the last trading day prior to the earliest occurring Success Fee Event; provided, however, that the price per share shall be no less than $16.00 per share. Previously recognized capitalized development costs will be adjusted to reflect the calculated value of the property upon settlement. The related APIC amount will be adjusted to common stock to reflect the issuance of common stock. To the extent that it becomes probable that cash will be used in the settlement rather than stock, such amount of cash will be classified as a liability rather than APIC/common stock. As of July 31, 2015, the estimated amount of the Success Fee was zero. In connection with facilitating the annexation of East Area 1 into the City of Santa Paula, during February 2013, the Company entered into a Capital Improvement Cost Sharing Agreement for Improvements to Santa Paula Creek Channel (the “Cost Sharing Agreement”) with the Ventura County Watershed Protection District (the “District”). The Cost Sharing Agreement requires the Company to reimburse the District 28.5 5,000,000 Templeton Santa Barbara, LLC The three 2,983,000 3,370,000 4,686,000 During the three months ended July 31, 2015 and 2014, the Company capitalized zero 24,000 zero 197,000 42,000 465,000 128,000 527,000 The net expenses incurred in fiscal year 2014 include a July 31, 2014 impairment charge of $ 435,000 Windfall Investors, LLC On November 15, 2009, the Company acquired Windfall Investors, LLC, which included $ 16,842,000 2,597,000 673,000 3,319,000 1,323,000 245,000 265,000 604,000 720,000

Investment in Calavo Growers, I

Investment in Calavo Growers, Inc.	9 Months Ended
	Jul. 31, 2015
Investment in Calavo Growers, Inc. [Abstract]
Investment in Calavo Growers, Inc.	7. Investment in Calavo Growers, Inc. In June 2005, the Company entered into a stock purchase agreement with Calavo. Pursuant to this agreement, the Company purchased 1,000,000 6.9 10,000,000 1,728,570 15.1 23,450,000 13,450,000 In fiscal year 2009, the Company sold 335,000 6,079,000 2,729,000 In fiscal year 2013, the Company sold 165,000 $ 4,788,000 3,138,000 The Company continues to own 500,000 Changes in the fair value of the available-for-sale securities result in unrealized holding gains or losses for the remaining shares held by the Company. The Company recorded unrealized holding gains of $ 1,930,000 1,172,000 1,700,000 1,023,000 $2,985,000 1,813,000 2,400,000 1,445,000

Note Receivable

Note Receivable	9 Months Ended
	Jul. 31, 2015
Note Receivable [Abstract]
Note Receivable	8. Note Receivable During fiscal year 2004, the Company sold a parcel of land in Morro Bay, California and in connection with the sale; the Company recorded a note receivable of $ 1,300,000 819,000 2,084,000 12,000 20,000 36,000 59,000 In July 2015, the holder of the note completed the drilling of three water wells at the Company's Windfall Investors, LLC real estate development property. The fair value of the well drilling services was $ 1,301,000 820,000 481,000

Other Assets

Other Assets	9 Months Ended
	Jul. 31, 2015
Other Assets [Abstract]
Other Assets	9. Other Assets Other assets consist of the following: July 31, 2015 October 31, 2014 Investments in mutual water companies $ 4,024,000 $ 3,731,000 Acquired water and mineral rights 1,536,000 1,536,000 Deferred lease assets and other 1,085,000 1,282,000 Revolving funds and memberships 344,000 355,000 Acquired trade names and trademarks, net 456,000 530,000 Goodwill 680,000 680,000 $ 8,125,000 $ 8,114,000

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Jul. 31, 2015
Accrued Liabilities [Abstract]
Accrued Liabilities	10. Accrued Liabilities Accrued liabilities consist of the following: July 31, October 31, Compensation $ 1,514,000 $ 3,280,000 Property taxes 182,000 500,000 Income taxes 2,969,000 - Interest 251,000 235,000 Deferred rental income and deposits 808,000 598,000 Lease expense 675,000 1,458,000 Lemon supplier payables - 624,000 Capital expenditures and other 820,000 844,000 $ 7,219,000 $ 7,539,000

Long-Term Debt

Long-Term Debt	9 Months Ended
	Jul. 31, 2015
Long-Term Debt [Abstract]
Long-Term Debt	11. Long-Term Debt Long-term debt is comprised of the following: July 31, 2015 October 31, 2014 R abobank revolving credit facility: the interest rate is variable based on the one-month London Interbank Offered Rate (LIBOR), which was 0.19 July 31, 2015 , plus 1.80 principal is due in full in June 2018 . $ 78,664,000 $ 61,623,000 F arm Credit West term loan: the interest rate is variable and was 2.75 July 31, 2015 . The loan is payable in quarterly installments through November 2022 . 4,367,000 4,756,000 Farm Credit West non-revolving line of credit: the interest rate is variable and was 2.75 July 31, 2015 . Interest is payable monthly and the principal is due in full in May 2018 . 492,000 492,000 F arm Credit West term loan: the interest rate is variable and was 2.75 July 31, 2015 . The loan is payable in monthly installments through October 2035. 1,277,000 1,475,000 CNH Capital loans: the interest rate was zero - 8,000 Subtotal 84,800,000 68,354,000 Less current portion 585,000 583,000 Total long-term debt, less current portion $ 84,215,000 $ 67,771,000 Interest is capitalized on non-bearing orchards, real estate development projects and significant construction in progress. The Company capitalized interest of $ 651,000 559,000 1,874,000 1,757,000

Derivative Instrument and Hedgi

Derivative Instrument and Hedging Activities	9 Months Ended
	Jul. 31, 2015
Derivative Instrument and Hedging Activities [Abstract]
Derivative Instrument and Hedging Activities	12. Derivative Instrument and Hedging Activities The Company enters into interest rate swaps to minimize the risks and costs associated with its financing activities. Derivative financial instruments are as follows: Notional Amount Fair Value Liability July 31, 2015 October 31, 2014 July 31, 2015 October 31, 2014 Pay fixed-rate, receive floating-rate forward interest rate swap, beginning July 2013 until June 2018 $ 40,000,000 $ 40,000,000 $ 1,662,000 $ 1,782,000 In November 2011, the Company entered into a forward interest rate swap agreement with Rabobank International, Utrecht to fix the interest rate at 4.30 40,000,000 of its outstanding borrowings under the Rabobank line of credit beginning July 2013 until June 2018. This interest rate swap qualifies as a cash flow hedge and is accounted for as a hedge under the short-cut method. Therefore, the fair value liability is included in fair value of derivative instrument, other long-term liabilities and related accumulated other comprehensive income at July 31, 2015 and October 31, 2014.

Basic and Diluted Net Income pe

Basic and Diluted Net Income per Share	9 Months Ended
	Jul. 31, 2015
Basic and Diluted Net Income per Share [Abstract]
Basic and Diluted Net Income per Share	13. Basic and Diluted Net Income per Share Basic

Related-Party Transactions

Related-Party Transactions	9 Months Ended
	Jul. 31, 2015
Related-Party Transactions [Abstract]
Related-Party Transactions	14. Related-Party Transactions The Company rents certain of its residential housing assets to employees on a month-to-month basis. The Company recorded $ 166,000 132,000 459,000 405,000 of rental revenue from employees in the nine months ended July 31, 2015 and 2014, respectively. There were no rental payments due from employees at July 31, 2015 and October 31, 2014. The Company has representation on the boards of directors of the mutual water companies in which the Company has investments. The Company recorded capital contributions and purchased water and water delivery services from such mutual water companies, in aggregate, of $ 364,000 202,000 1,067,000 947,000 141,000 74,000 The Company has representation on the board of directors of a non-profit cooperative association that provides pest control services for the agricultural industry. T he Company purchased services and supplies of $ 382,000 438,000 1,081,000 989,000 7,000 177,000 The Company recorded dividend income of $ 375,000 350,000 The Company had $ 3,027,000 6,147,000 7,142,000 7,320,000 189,000 zero Additionally, the Company leases office space to Calavo and received rental income of $ 68,000 69,000 204,000 207,000 in the nine months ended July 31, 2015 and 2014, respectively Certain members of the Company's board of directors market lemons through the Company pursuant to its customary marketing agreements. During the three months ended July 31, 2015 and 2014, the aggregate amount of lemons procured from entities owned or controlled by members of the board of directors was $ 774,000 915,000 ing the nine months ended July 31, 2015 and 2014, 1,356,000 1,311,000 284,000 592,000 On July 1, 2013, the Company and Cadiz Real Estate, LLC (“Cadiz”), a wholly-owned subsidiary of Cadiz, Inc., entered into a long-term lease agreement (the “Lease”) for a minimum of 320 acres, with an option to lease up to an additional 640 acres, located within 9,600 zoned agricultural acres owned by Cadiz in eastern San Bernardino County, California. The initial term of the Lease runs for 20 200 20 1,200 year. The Company has incurred lease expense of $ 16,000 11,000 41,000 15,000 A member of the Company's board of directors serves as the CEO, President and a member of the board of directors of Cadiz, Inc. Additionally, this board member is an attorney with a law firm that provided services to the Company $ 122,000 71,000 On February 3, 2015, the Company entered into a Modification of Lease Agreement (the “Amendment”) with Cadiz. The Amendment, among other things, increased by 200 acres the amount of property leased by the Company under the lease agreement dated July 1, 2013. In connection with the Amendment, the Company paid a total of $ 1,212,000 The Company has representation on the board of directors of Colorado River Growers, Inc. (“CRG”), a non-profit cooperative association of fruit growers engaged in the agricultural harvesting and marketing business in Yuma County, Arizona. The Company paid no harvest and third-party grower expense to CRG in the three months ended July 31, 2015 and 2014 and 5,177,000 and $ 5,505,000 consolidated statements of operations. Additionally, the Company's subsidiary, Associated Citrus Packers, Inc. (“Associated”) no 305,000 295,000 the nine months ended July 31, 2015 and 2014, respectively. Such amounts are included in agribusiness revenues in the Company's consolidated statements of operations. There was $ 33,000 40,000 Associated from CRG at July 31, 2015 and October 31, 2014, respectively The Company has representation on the board of directors of Yuma Mesa Irrigation and Drainage District (“YMIDD”). In December 2013, Associated entered into an agreement, as amended in December 2014, with the YMIDD to participate in a Pilot Fallowing Program in which Associated agreed to forego its water allocation for approximately 300 acres of land in exchange for $ 750 50,000 43,000 151,000 111,000 160,000 183,000 purchased no water from YMIDD in the three months ended July 31, 2015 and 2014 and 68,000 and $ 62,000 no July 31, 2015 and October 31, 2014 . The Company has a 1.3 22.1 The Company provides Del Mar with farm management, orchard land development and accounting services, and recognized agribusiness revenue relating to such services of $ 44,000 40,000 119,000 367,000 396,000 470,000 517,000 Fruit proceeds due to Del Mar were $ 882,000 828,000 no 225,000 101,000 In the nine months ended July 31, 2015 and 2014, the Company received cash distributions of $ 495,000 184,000 412,000 132,000 On August 14, 2014, the Company's wholly owned subsidiary, Limoneira Chile SpA, invested approximately $ 1,750,000 35 zero 119,000 During the three months ended July 31, 2015 and 2014, the aggregate amount of lemons procured from Rosales was $ 415,000 555,000 567,000 555,000 259,000 zero 19,000 220,000 52,000 156,000 53,000

Income Taxes

Income Taxes	9 Months Ended
	Jul. 31, 2015
Income Taxes [Abstract]
Income Taxes	15. Income Taxes There has been no material change to the Company's uncertain tax position for the three and nine month periods ended July 31, 2015. The Company does not expect its unrecognized tax benefits to change significantly over the next 12 months. The Company's policy is to recognize interest expense and penalties related to income tax matters as a component of income tax expense. The Company has not accrued any interest and penalties associated with uncertain tax positions as of July 31, 2015.

Retirement Plans

Retirement Plans	9 Months Ended
	Jul. 31, 2015
Retirement Plans [Abstract]
Retirement Plans	16. Retirement Plans The Limoneira Company Retirement Plan (the “Plan”) is a noncontributory, defined benefit, single employer pension plan, which provides retirement benefits for all eligible employees of the Company. Benefits paid by the Plan are calculated based on years of service, highest five-year average earnings, primary Social Security benefit and retirement age. Effective June 2004, the Company froze the Plan and no additional benefits accrued to participants subsequent to that date. The Plan is administered by City National Bank and Mercer Human Resource Consulting. The Plan is funded consistent with the funding requirements of federal law and regulations. There were funding contributions of $ 125,000 375,000 The net periodic pension costs for the Plan for the three months ended July 31 were as follows: 2015 2014 Administrative expenses $ 34,000 $ 34,000 Interest cost 213,000 205,000 Expected return on plan assets (282,000 ) (268,000 ) Recognized actuarial loss 246,000 195,000 Net periodic benefit cost $ 211,000 $ 166,000 The net periodic pension costs for the Plan for the nine months ended July 31 were as follows: 2015 2014 Administrative expenses $ 102,000 $ 102,000 Interest cost 639,000 615,000 Expected return on plan assets (846,000 ) (804,000 ) Recognized actuarial loss 738,000 585,000 Net periodic pension cost $ 633,000 $ 498,000

Other Long-Term Liabilities

Other Long-Term Liabilities	9 Months Ended
	Jul. 31, 2015
Other Long-Term Liabilities [Abstract]
Other Long-Term Liabilities	17. Other Long-Term Liabilities Other long-term liabilities consist of the following: July 31, 2015 October 31, 2014 Minimum pension liability $ 4,474,000 $ 4,954,000 Fair value of derivative instrument 898,000 973,000 Contingent consideration 300,000 300,000 Other 36,000 55,000 $ 5,708,000 $ 6,282,000

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Jul. 31, 2015
Stock-based Compensation [Abstract]
Stock-based Compensation	18. Stock-based Compensation As of July 31, 2015, there are 7,810 6,000 The Company has a stock-based compensation plan (the “Stock Plan”) that allows for the grant of common stock of the Company to members of management based on achievement of certain annual financial performance and other criteria. The number of shares granted is based on a percentage of the employee's base salary divided by the stock price on the grant date. Shares granted under the Stock Plan generally vest over a two During December 2014, 42,085 1,071,000 367,000 October 31, 2014 and the balance to be recognized over the next two December 2013 , 27,091 727,000 253,000 October 31, 2013 and the balance to be recognized over the next two December 2012 , 34,721 657,000 216,000 October 31, 2012 and the balance to be recognized over the next two Stock-based compensation expense is included in selling, general and administrative expense and is recognized over the performance and vesting periods as summarized below: Performance Shares Three Months Ended July 31, Nine Months Ended July 31, Year Granted 2015 2014 2015 2014 2012 34,721 $ - $ 50,000 $ 33,000 $ 150,000 2013 27,091 59,000 59,000 179,000 177,000 2014 42,085 88,000 142,000 262,000 262,000 2015 - (65,000 ) - - - $ 82,000 $ 251,000 $ 474,000 $ 589,000 During December 2014 and January 2015, members of management exchanged a total of 10,907 275,000 During January 2015 and 2014, 15,077 13,587 325,000 303,000 On June 25, 2015 the Company's board of directors authorized a donation of $ 100,000 4,498 22.23

Segment Information

Segment Information	9 Months Ended
	Jul. 31, 2015
Segment Information [Abstract]
Segment Information	19. Segment Information The Company operates in three Segment information for the three months ended July 31, 2015: Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues $ 28,466,000 $ 1,311,000 $ 34,000 $ – $ 29,811,000 Costs and expenses 16,680,000 755,000 313,000 3,215,000 20,963,000 Depreciation and amortization 791,000 152,000 12,000 55,000 1,010,000 Operating income (loss) $ 10,995,000 $ 404,000 $ (291,000 ) $ (3,270,000 ) $ 7,838,000 Segment information for the three months ended July 31, 2014: Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues $ 35,173,000 $ 1,182,000 $ 121,000 $ – $ 36,476,000 Costs and expenses 17,077,000 691,000 833,000 3,593,000 22,194,000 Depreciation and amortization 728,000 105,000 22,000 47,000 902,000 Operating income (loss) $ 17,368,000 $ 386,000 $ (734,000 ) $ (3,640,000 ) $ 13,380,000 The following table sets forth revenues by category, by segment for the three months ended: July 31, July 31, Lemons $ 23,859,000 $ 26,845,000 Avocados 3,027,000 6,147,000 Navel and Valencia oranges 1,020,000 1,711,000 Specialty citrus and other crops 560,000 470,000 Agribusiness revenues 28,466,000 35,173,000 Rental operations 728,000 618,000 Leased land 480,000 496,000 Organic recycling and other 103,000 68,000 Rental operations revenues 1,311,000 1,182,000 Real estate development revenues 34,000 121,000 Total revenues $ 29,811,000 $ 36,476,000 Segment information for the nine months ended July 31, 2015 Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues $ 82,268,000 $ 3,769,000 $ 62,000 $ – $ 86,099,000 Costs and expenses 60,933,000 2,062,000 772,000 9,892,000 73,659,000 Depreciation and amortization 2,375,000 409,000 34,000 161,000 2,979,000 Operating income (loss) $ 18,960,000 $ 1,298,000 $ (744,000 ) $ (10,053,000 ) $ 9,461,000 Segment information for the nine months ended July 31, 2014: Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues $ 83,481,000 $ 3,483,000 $ 196,000 $ – $ 87,160,000 Costs and expenses 56,669,000 1,923,000 1,398,000 10,189,000 70,179,000 Depreciation and amortization 2,061,000 308,000 58,000 137,000 2,564,000 Operating income (loss) $ 24,751,000 $ 1,252,000 $ (1,260,000 ) $ (10,326,000 ) $ 14,417,000 The following table sets forth revenues by category, by segment for the nine months ended: July 31, July 31, Lemons $ 67,385,000 $ 65,909,000 Avocados 7,142,000 7,320,000 Navel and Valencia oranges 5,054,000 7,031,000 Specialty citrus and other crops 2,687,000 3,221,000 Agribusiness revenues 82,268,000 83,481,000 Rental operations 2,012,000 1,833,000 Leased land 1,413,000 1,469,000 Organic recycling and other 344,000 181,000 Rental operations revenues 3,769,000 3,483,000 Real estate development revenues 62,000 196,000 Total revenues $ 86,099,000 $ 87,160,000

Acquisitions and Sale of Proper

Acquisitions and Sale of Property	9 Months Ended
	Jul. 31, 2015
Acquisitions and Sale of Property [Abstract]
Acquisitions and Sale of Property	20. Acquisitions and Sale of Property In July 2015, the Company entered into a purchase agreement to acquire 157 3,300,000 50,000 In September 2015, the Company entered into a purchase agreement to acquire 757 15,100,000 50,000 On August 21, 2015, the Company sold its Wilson Ranch, which is comprised of 52 33 2,750,000 935,000

East Area 1 Joint Venture Devel

East Area 1 Joint Venture Development Agreement	9 Months Ended
	Jul. 31, 2015
East Area 1 Joint Venture Development Agreement [Abstract]
East Area 1 Joint Venture Development Agreement	21. East Area 1 Joint Venture Development Agreement In September 2015, the Company entered into a Contribution Agreement with an affiliate of Lewis Operating Corp. (“Lewis”), a Southern California land developer, that facilitates upon the completion of certain conditions, the formation of a joint venture for the purpose of developing the Company's East Area 1 real estate development project (the “Joint Venture”). The Company was paid a $ 2,000,000 18,000,000 20,000,000 50 500,000 2 100,000,000

Subsequent Events

Subsequent Events	9 Months Ended
	Jul. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	22. Subsequent Events The Company has evaluated events subsequent to July 31, 2015 through the filing date to assess the need for potential recognition or disclosure in this Quarterly Report on Form 10-Q. Based upon this evaluation, except as disclosed in the notes to consolidated financial statements, it was determined that no subsequent events occurred that require recognition or disclosure in the unaudited consolidated financial statements.

Summary of Significant Accoun30

Summary of Significant Accounting Policies (Policy)	9 Months Ended
	Jul. 31, 2015
Summary of Significant Accounting Policies [Abstract]
Reclassifications and Adjustments	Reclassifications and Adjustments Certain reclassifications have been made to the prior years' consolidated financial statements to conform to the July 31, 2015 presentation. Immaterial Classification Error - An immaterial error in the classification of an equity method investee's distributions was corrected in the July 31, 2014 consolidated financial statements which resulted in the reclassification of an equity method investee's distributions from investing to operating cash flows in the amount of $ 184,000 Other Reclassifications - Equity in earnings of investments were reclassified as a component of other income (expense) from a separate line item following the income tax provision on the statement of operations.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Financial Accounting Standards Board – Accounting Standards Update (“FASB ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606). In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition – Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g., assets within the scope of Topic 360, Property, Plant, and Equipment, and tangible assets within the scope of Topic 350, Intangibles – Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: • Identify the contract(s) with a customer. • Identify the performance obligations in the contract. • Determine the transaction price. • Allocate the transaction price to the performance obligations in the contract. • Recognize revenue when (or as) the entity satisfies a performance obligation. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early application is not permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements. FASB Accounting Standards Update No. 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The amendments are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. FASB Accounting Standards Update No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory The amendments in this ASU do not apply to inventory that is measured using last-in, first-out (LIFO) or the retail inventory method. The amendments apply to all other inventory, which includes inventory that is measured using first-in, first-out (FIFO) or average cost. An entity should measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. The amendments in this ASU more closely align the measurement of inventory in GAAP with the measurement of inventory in International Financial Reporting Standards. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017. The amendments should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jul. 31, 2015
Fair Value Measurements [Abstract]
Schedule of Assets and Liabilities Measured on Recurring Basis	July 31, 2015 Level 1 Level 2 Level 3 Total Assets at fair value: Available-for-sale securities $ 27,255,000 $ – $ – $ 27,255,000 Liabilities at fair value: Derivative $ – $ 1,662,000 $ – $ 1,662,000 October 31, 2014 Level 1 Level 2 Level 3 Total Assets at fair value: Available-for-sale securities $ 24,270,000 $ – $ – $ 24,270,000 Liabilities at fair value: Derivative $ – $ 1,782,000 $ – $ 1,782,000

Real Estate Development Assets

Real Estate Development Assets (Tables)	9 Months Ended
	Jul. 31, 2015
Real Estate Development Assets [Abstract]
Schedule of Real Estate Developments	July 31, 2015 October 31, 2014 East Areas 1 and 2 $ 58,532,000 $ 55,016,000 Templeton Santa Barbara, LLC 11,039,000 11,039,000 Windfall Investors, LLC 25,352,000 22,033,000 $ 94,923,000 $ 88,088,000

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
	Jul. 31, 2015
Other Assets [Abstract]
Schedule of Other Assets	July 31, 2015 October 31, 2014 Investments in mutual water companies $ 4,024,000 $ 3,731,000 Acquired water and mineral rights 1,536,000 1,536,000 Deferred lease assets and other 1,085,000 1,282,000 Revolving funds and memberships 344,000 355,000 Acquired trade names and trademarks, net 456,000 530,000 Goodwill 680,000 680,000 $ 8,125,000 $ 8,114,000

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Jul. 31, 2015
Accrued Liabilities [Abstract]
Schedule of Accrued Liabilities	July 31, October 31, Compensation $ 1,514,000 $ 3,280,000 Property taxes 182,000 500,000 Income taxes 2,969,000 - Interest 251,000 235,000 Deferred rental income and deposits 808,000 598,000 Lease expense 675,000 1,458,000 Lemon supplier payables - 624,000 Capital expenditures and other 820,000 844,000 $ 7,219,000 $ 7,539,000

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Jul. 31, 2015
Long-Term Debt [Abstract]
Schedule of Long-Term Debt	July 31, 2015 October 31, 2014 R abobank revolving credit facility: the interest rate is variable based on the one-month London Interbank Offered Rate (LIBOR), which was 0.19 July 31, 2015 , plus 1.80 principal is due in full in June 2018 . $ 78,664,000 $ 61,623,000 F arm Credit West term loan: the interest rate is variable and was 2.75 July 31, 2015 . The loan is payable in quarterly installments through November 2022 . 4,367,000 4,756,000 Farm Credit West non-revolving line of credit: the interest rate is variable and was 2.75 July 31, 2015 . Interest is payable monthly and the principal is due in full in May 2018 . 492,000 492,000 F arm Credit West term loan: the interest rate is variable and was 2.75 July 31, 2015 . The loan is payable in monthly installments through October 2035. 1,277,000 1,475,000 CNH Capital loans: the interest rate was zero - 8,000 Subtotal 84,800,000 68,354,000 Less current portion 585,000 583,000 Total long-term debt, less current portion $ 84,215,000 $ 67,771,000

Derivative Instrument and Hed36

Derivative Instrument and Hedging Activities (Tables)	9 Months Ended
	Jul. 31, 2015
Derivative Instrument and Hedging Activities [Abstract]
Schedule of Derivative Instrument and Hedging Activities	Notional Amount Fair Value Liability July 31, 2015 October 31, 2014 July 31, 2015 October 31, 2014 Pay fixed-rate, receive floating-rate forward interest rate swap, beginning July 2013 until June 2018 $ 40,000,000 $ 40,000,000 $ 1,662,000 $ 1,782,000

Retirement Plans (Tables)

Retirement Plans (Tables)	9 Months Ended
	Jul. 31, 2015
Retirement Plans [Abstract]
Schedule of Components of Net Periodic Benefit Cost	The net periodic pension costs for the Plan for the three months ended July 31 were as follows: 2015 2014 Administrative expenses $ 34,000 $ 34,000 Interest cost 213,000 205,000 Expected return on plan assets (282,000 ) (268,000 ) Recognized actuarial loss 246,000 195,000 Net periodic benefit cost $ 211,000 $ 166,000 The net periodic pension costs for the Plan for the nine months ended July 31 were as follows: 2015 2014 Administrative expenses $ 102,000 $ 102,000 Interest cost 639,000 615,000 Expected return on plan assets (846,000 ) (804,000 ) Recognized actuarial loss 738,000 585,000 Net periodic pension cost $ 633,000 $ 498,000

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	9 Months Ended
	Jul. 31, 2015
Other Long-Term Liabilities [Abstract]
Schedule of Other Long-Term Liabilities	July 31, 2015 October 31, 2014 Minimum pension liability $ 4,474,000 $ 4,954,000 Fair value of derivative instrument 898,000 973,000 Contingent consideration 300,000 300,000 Other 36,000 55,000 $ 5,708,000 $ 6,282,000

Stock-based Compensation (Table

Stock-based Compensation (Tables)	9 Months Ended
	Jul. 31, 2015
Stock-based Compensation [Abstract]
Schedule of Stock-Based Compensation Expense by Performance Year	Performance Shares Three Months Ended July 31, Nine Months Ended July 31, Year Granted 2015 2014 2015 2014 2012 34,721 $ - $ 50,000 $ 33,000 $ 150,000 2013 27,091 59,000 59,000 179,000 177,000 2014 42,085 88,000 142,000 262,000 262,000 2015 - (65,000 ) - - - $ 82,000 $ 251,000 $ 474,000 $ 589,000

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Jul. 31, 2015
Segment Information [Abstract]
Schedule of Segment Reporting	Segment information for the nine months ended July 31, 2015 Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues $ 82,268,000 $ 3,769,000 $ 62,000 $ – $ 86,099,000 Costs and expenses 60,933,000 2,062,000 772,000 9,892,000 73,659,000 Depreciation and amortization 2,375,000 409,000 34,000 161,000 2,979,000 Operating income (loss) $ 18,960,000 $ 1,298,000 $ (744,000 ) $ (10,053,000 ) $ 9,461,000 Segment information for the nine months ended July 31, 2014: Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues $ 83,481,000 $ 3,483,000 $ 196,000 $ – $ 87,160,000 Costs and expenses 56,669,000 1,923,000 1,398,000 10,189,000 70,179,000 Depreciation and amortization 2,061,000 308,000 58,000 137,000 2,564,000 Operating income (loss) $ 24,751,000 $ 1,252,000 $ (1,260,000 ) $ (10,326,000 ) $ 14,417,000 The following table sets forth revenues by category, by segment for the nine months ended: July 31, July 31, Lemons $ 67,385,000 $ 65,909,000 Avocados 7,142,000 7,320,000 Navel and Valencia oranges 5,054,000 7,031,000 Specialty citrus and other crops 2,687,000 3,221,000 Agribusiness revenues 82,268,000 83,481,000 Rental operations 2,012,000 1,833,000 Leased land 1,413,000 1,469,000 Organic recycling and other 344,000 181,000 Rental operations revenues 3,769,000 3,483,000 Real estate development revenues 62,000 196,000 Total revenues $ 86,099,000 $ 87,160,000 Segment information for the three months ended July 31, 2015: Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues $ 28,466,000 $ 1,311,000 $ 34,000 $ – $ 29,811,000 Costs and expenses 16,680,000 755,000 313,000 3,215,000 20,963,000 Depreciation and amortization 791,000 152,000 12,000 55,000 1,010,000 Operating income (loss) $ 10,995,000 $ 404,000 $ (291,000 ) $ (3,270,000 ) $ 7,838,000 Segment information for the three months ended July 31, 2014: Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues $ 35,173,000 $ 1,182,000 $ 121,000 $ – $ 36,476,000 Costs and expenses 17,077,000 691,000 833,000 3,593,000 22,194,000 Depreciation and amortization 728,000 105,000 22,000 47,000 902,000 Operating income (loss) $ 17,368,000 $ 386,000 $ (734,000 ) $ (3,640,000 ) $ 13,380,000 The following table sets forth revenues by category, by segment for the three months ended: July 31, July 31, Lemons $ 23,859,000 $ 26,845,000 Avocados 3,027,000 6,147,000 Navel and Valencia oranges 1,020,000 1,711,000 Specialty citrus and other crops 560,000 470,000 Agribusiness revenues 28,466,000 35,173,000 Rental operations 728,000 618,000 Leased land 480,000 496,000 Organic recycling and other 103,000 68,000 Rental operations revenues 1,311,000 1,182,000 Real estate development revenues 34,000 121,000 Total revenues $ 29,811,000 $ 36,476,000

Summary of Significant Accoun41

Summary of Significant Accounting Policies (Details)	9 Months Ended
	Jul. 31, 2014USD ($)
Scenario, Previously Reported [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cash distributions from equity investments	$ 184,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 31, 2015	Oct. 31, 2014	Jun. 30, 2005
Calavo Growers, Inc. [Member]
Liabilities at fair value:
Number of remaining shares owned in Calavo stock	500,000		1,000,000
Ownership percentage of common stock	2.90%		6.90%
Price per share	$ 54.51	$ 48.54
Fair Value, Measurements, Recurring [Member]
Assets at fair value:
Available-for-sale securities	$ 27,255,000	$ 24,270,000
Liabilities at fair value:
Derivative	1,662,000	1,782,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets at fair value:
Available-for-sale securities	$ 27,255,000	$ 24,270,000
Liabilities at fair value:
Derivative
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets at fair value:
Available-for-sale securities
Liabilities at fair value:
Derivative	$ 1,662,000	$ 1,782,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets at fair value:
Available-for-sale securities
Liabilities at fair value:
Derivative

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($)	Jul. 31, 2015	Oct. 31, 2014
Accounts Receivable [Abstract]
Allowance for doubtful accounts receivable	$ 163,000	$ 442,000

Concentrations (Details)

Concentrations (Details)	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Supplier Concentration Risk [Member] | Lemons [Member]
Concentration Risk [Line Items]
Concentration risk percentage	25.00%	23.00%	35.00%	20.00%

Real Estate Development Asset45

Real Estate Development Assets (Schedule of Real Estate Development Assets) (Details) - USD ($)	Jul. 31, 2015	Oct. 31, 2014
Real Estate Properties [Line Items]
Real estate development	$ 94,923,000	$ 88,088,000
East Areas 1 and 2 [Member]
Real Estate Properties [Line Items]
Real estate development	58,532,000	55,016,000
Templeton Santa Barbara, LLC [Member]
Real Estate Properties [Line Items]
Real estate development	11,039,000	11,039,000
Windfall Investors, LLC [Member]
Real Estate Properties [Line Items]
Real estate development	$ 25,352,000	$ 22,033,000

Real Estate Development Asset46

Real Estate Development Assets (Narrative) (Details)	3 Months Ended		9 Months Ended
	Jul. 31, 2015USD ($)a	Jul. 31, 2014USD ($)	Jul. 31, 2015USD ($)a	Jul. 31, 2014USD ($)	Oct. 31, 2014USD ($)	Nov. 15, 2009USD ($)
Real Estate Properties [Line Items]
Real estate development	$ 94,923,000		$ 94,923,000		$ 88,088,000
Impairment of real estate development assets		$ 435,000		$ 435,000
Windfall Investors, LLC [Member]
Real Estate Properties [Line Items]
Real estate development projects, capitalized costs	$ 2,597,000	673,000	$ 3,319,000	1,323,000
Real estate development projects, net expenses	$ 245,000	265,000	$ 604,000	720,000
Real estate development assets, total						$ 16,842,000
East Areas 1 and 2 [Member]
Real Estate Properties [Line Items]
Real estate development projects, number of projects	2		2
Real estate development projects, acres of land under development | a	550		550
Real estate development projects, capitalized costs	$ 1,434,000	827,000	$ 3,516,000	2,333,000
Real estate development projects, net expenses	4,000	4,000	12,000	13,000
Real estate development	$ 58,532,000		$ 58,532,000		55,016,000
East Area 1 [Member]
Real Estate Properties [Line Items]
Prorata share percentage of improvement costs required to be paid relating to annexation of real estate property	28.50%		28.50%
Maximum improvement costs required to be paid relating to annexation of real estate property	$ 5,000,000		$ 5,000,000
Templeton Santa Barbara, LLC [Member]
Real Estate Properties [Line Items]
Real estate development projects, number of projects	3		3
Real estate development projects, capitalized costs	$ 0	24,000	$ 0	197,000
Real estate development projects, net expenses	42,000	$ 465,000	128,000	527,000
Real estate development	11,039,000		11,039,000		11,039,000
Centennial Square [Member]
Real Estate Properties [Line Items]
Real estate development projects, carrying value	2,983,000		2,983,000		2,983,000
Impairment of real estate development assets				$ 435,000
Pacific Crest [Member]
Real Estate Properties [Line Items]
Real estate development projects, carrying value	3,370,000		3,370,000		3,370,000
Sevilla [Member]
Real Estate Properties [Line Items]
Real estate development projects, carrying value	$ 4,686,000		$ 4,686,000		$ 4,686,000

Investment in Calavo Growers,47

Investment in Calavo Growers, Inc. (Details) - Calavo Growers, Inc. [Member] - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2005	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014	Oct. 31, 2013	Oct. 31, 2009
Schedule of Available-for-sale Securities [Line Items]
Calavo's common stock, shares owned	1,000,000	500,000		500,000
Ownership percentage of common stock	6.90%	2.90%		2.90%
Cost to acquire Calavo shares	$ 10,000,000
Common stock sold, shares	1,728,570
Ownership percentage sold to Calavo	15.10%
Common stock sold to Calavo, value	$ 23,450,000
Proceeds from stock purchase agreement, net	$ 13,450,000
Sale of Calavo stock, number of shares sold						165,000	335,000
Gain on sale of stock in Calavo Growers, Inc.						$ 3,138,000	$ 2,729,000
Net proceeds from sale of stock in Calavo Growers, Inc.						$ 4,788,000	$ 6,079,000
Available-for-sale securities total unrealized holding gains (losses), pre tax		$ 1,930,000	$ 1,700,000	$ 2,985,000	$ 2,400,000
Available-for-sale securities total unrealized holding gains (losses), net of tax		$ 1,172,000	$ 1,023,000	$ 1,813,000	$ 1,445,000

Note Receivable (Details)

Note Receivable (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014	Oct. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivable, non-current portion	$ 819,000		$ 819,000		$ 2,084,000
Non-cash reduction of note receivable			1,301,000
Notes Receivable - Land Sale, Morro Bay, California [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest accrued during the period on notes receivable	12,000	$ 20,000	36,000	$ 59,000
Note receivable, non-current portion	$ 1,300,000		1,300,000		$ 2,084,000
Non-cash reduction of note receivable			1,301,000
Non-cash reduction of note receivable interest			820,000
Non-cash reduction of note receivable principal			$ 481,000

Other Assets (Schedule of Other

Other Assets (Schedule of Other Assets) (Details) - USD ($)	Jul. 31, 2015	Oct. 31, 2014
Other Assets [Abstract]
Investments in mutual water companies	$ 4,024,000	$ 3,731,000
Acquired water and mineral rights	1,536,000	1,536,000
Deferred lease assets and other	1,085,000	1,282,000
Revolving funds and memberships	344,000	355,000
Acquired trade names and trademarks, net	456,000	530,000
Goodwill	680,000	680,000
Total other assets	$ 8,125,000	$ 8,114,000

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($)	Jul. 31, 2015	Oct. 31, 2014
Accrued Liabilities [Abstract]
Compensation	$ 1,514,000	$ 3,280,000
Property taxes	182,000	$ 500,000
Income taxes	2,969,000
Interest	251,000	$ 235,000
Deferred rental income and deposits	808,000	598,000
Lease expense	$ 675,000	1,458,000
Lemon supplier payables		624,000
Capital expenditures and other	$ 820,000	844,000
Accrued liabilities	$ 7,219,000	$ 7,539,000

Long-Term Debt (Narrative) (Det

Long-Term Debt (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Long-Term Debt [Abstract]
Interest costs capitalized	$ 651,000	$ 559,000	$ 1,874,000	$ 1,757,000

Long-Term Debt (Schedule of Lon

Long-Term Debt (Schedule of Long-Term Debt) (Details) - USD ($)	Jul. 31, 2015	Oct. 31, 2014
Debt Instrument [Line Items]
Long-term debt	$ 84,800,000	$ 68,354,000
Less current portion	585,000	583,000
Total long-term debt, less current portion	84,215,000	67,771,000
Rabobank Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term debt	78,664,000	61,623,000
Farm Credit West Term Loan One [Member]
Debt Instrument [Line Items]
Long-term debt	4,367,000	4,756,000
Farm Credit West Nonrevolving Line of Credit [Member]
Debt Instrument [Line Items]
Long-term debt	492,000	492,000
Farm Credit West Term Loan Three [Member]
Debt Instrument [Line Items]
Long-term debt	$ 1,277,000	1,475,000
CNH Capital Loans [Member]
Debt Instrument [Line Items]
Long-term debt		$ 8,000

Long-Term Debt (Schedule of L53

Long-Term Debt (Schedule of Long-Term Debt Parenthetical) (Details) - Jul. 31, 2015	Total
Rabobank Revolving Credit Facility [Member]
Debt Instrument [Line Items]
LIBOR rate	0.19%
Basis spread on variable interest rate	1.80%
Debt maturity date	Jun. 30, 2018
Farm Credit West Term Loan One [Member]
Debt Instrument [Line Items]
Debt interest rate at period end	2.75%
Debt maturity date	Nov. 30, 2022
Farm Credit West Nonrevolving Line of Credit [Member]
Debt Instrument [Line Items]
Debt interest rate at period end	2.75%
Debt maturity date	May 30, 2018
Farm Credit West Term Loan Three [Member]
Debt Instrument [Line Items]
Debt fixed interest rate	2.75%
Debt maturity date	Oct. 31, 2035
CNH Capital Loans [Member]
Debt Instrument [Line Items]
Debt fixed interest rate	0.00%

Derivative Instrument and Hed54

Derivative Instrument and Hedging Activities (Narrative) (Details) - Forward Interest Rate Swaps [Member] - USD ($)	Jul. 31, 2015	Oct. 31, 2014
Derivative [Line Items]
Fixed interest rate	4.30%
Notional Amount	$ 40,000,000	$ 40,000,000

Derivative Instrument and Hed55

Derivative Instrument and Hedging Activities (Schedule of Derivative Financial Instruments) (Details) - Forward Interest Rate Swaps [Member] - USD ($)	Jul. 31, 2015	Oct. 31, 2014
Derivative [Line Items]
Notional Amount	$ 40,000,000	$ 40,000,000
Fair Value Liability	$ 1,662,000	$ 1,782,000

Derivative Instrument and Hed56

Derivative Instrument and Hedging Activities (Schedule of Derivative Financial Instruments Parenthetical) (Details) - Forward Interest Rate Swaps [Member]	9 Months Ended
	Jul. 31, 2015
Minimum [Member]
Derivative [Line Items]
Derivative instrument maturity date	2013-07
Maximum [Member]
Derivative [Line Items]
Derivative instrument maturity date	2018-06

Related-Party Transactions (Det

Related-Party Transactions (Details) - USD ($)	Feb. 03, 2015	Aug. 31, 2015	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014	Oct. 31, 2014	Aug. 14, 2014
Related Party Transaction [Line Items]
Losses on orchard disposals included in other income, net			$ (91,000)	$ (39,000)	$ (353,000)	$ (254,000)
Equity in earnings of investments			205,000	101,000	193,000	132,000
Payments to acquire equity method investments					9,000	8,000
Employee [Member]
Related Party Transaction [Line Items]
Rental income			166,000	132,000	459,000	405,000
Mutual Water Companies [Member]
Related Party Transaction [Line Items]
Purchase from related party			364,000	202,000	1,067,000	947,000
Due to related party			141,000		141,000		$ 74,000
Cooperative Association [Member]
Related Party Transaction [Line Items]
Purchase from related party			382,000	438,000	1,081,000	989,000
Due to related party			7,000		7,000		177,000
Board of Directors [Member]
Related Party Transaction [Line Items]
Purchase from related party			774,000	915,000	1,356,000	1,311,000
Due to related party			284,000		284,000		592,000
Calavo Growers Incorporated [Member]
Related Party Transaction [Line Items]
Rental income			68,000	69,000	204,000	207,000
Dividend income					375,000	350,000
Receivable from related party			189,000		189,000		0
Calavo Growers Incorporated [Member] | Avocado [Member]
Related Party Transaction [Line Items]
Revenue from related party			3,027,000	6,147,000	$ 7,142,000	7,320,000
Cadiz [Member]
Related Party Transaction [Line Items]
Purchase from related party	$ 1,212,000
Lease term					20 years
Addtional lease expense, percentage of harvest revenue					20.00%
Lease expense			$ 16,000	$ 11,000	$ 41,000	15,000
Professional fees					122,000	71,000
Cadiz [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Lease expense per acre					200
Cadiz [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Lease expense per acre					1,200
Colorado River Growers [Member]
Related Party Transaction [Line Items]
Revenue from related party					305,000	295,000
Receivable from related party			$ 33,000		33,000		40,000
Advance payment					5,177,000	5,505,000
Yuma Mesa Irrigation and Drainage District [Member]
Related Party Transaction [Line Items]
Purchase from related party					68,000	62,000
Revenue from related party			$ 50,000	$ 43,000	151,000	111,000
Lease expense per acre					750
Losses on orchard disposals included in other income, net					160,000	183,000
Limco Del Mar Limited [Member]
Related Party Transaction [Line Items]
Due to related party			882,000		882,000		828,000
Cash distribution					495,000	184,000
Equity in earnings of investments			225,000	(101,000)	412,000	132,000
Limco Del Mar Limited [Member] | Management, Development, and Accounting Services [Member]
Related Party Transaction [Line Items]
Revenue from related party			$ 44,000	40,000	$ 119,000	119,000
Limco Del Mar Limited [Member] | General Partner [Member]
Related Party Transaction [Line Items]
Ownership percentage			1.30%		1.30%
Limco Del Mar Limited [Member] | Limited Partner [Member]
Related Party Transaction [Line Items]
Ownership percentage			22.10%		22.10%
Limco Del Mar Limited [Member] | Lemons [Member]
Related Party Transaction [Line Items]
Revenue from related party			$ 367,000	396,000	$ 470,000	517,000
Rosales [Member]
Related Party Transaction [Line Items]
Due to related party			259,000		259,000		0
Ownership percentage								35.00%
Cash distribution		$ 53,000
Equity in earnings of investments			(19,000)		(220,000)
Payments to acquire equity method investments							$ 1,750,000
Definite-lived intangible assets, amortization expense			52,000		156,000
Rosales [Member] | Lemons [Member]
Related Party Transaction [Line Items]
Purchase from related party			415,000	$ 555,000	567,000	$ 555,000
Revenue from related party			$ 0		$ 119,000

Retirement Plans (Narrative) (D

Retirement Plans (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Pension Plan, funding contributions	$ 125,000	$ 125,000	$ 375,000	$ 375,000

Retirement Plans (Schedule of N

Retirement Plans (Schedule of Net Periodic Benefit Cost) (Details) - Pension Plans [Member] - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Administrative expenses	$ 34,000	$ 34,000	$ 102,000	$ 102,000
Interest cost	213,000	205,000	639,000	615,000
Expected return on plan assets	(282,000)	(268,000)	(846,000)	(804,000)
Recognized actuarial loss	246,000	195,000	738,000	585,000
Net periodic benefit cost	$ 211,000	$ 166,000	$ 633,000	$ 498,000

Other Long-Term Liabilities (De

Other Long-Term Liabilities (Details) - USD ($)	Jul. 31, 2015	Oct. 31, 2014
Other Long-Term Liabilities [Abstract]
Minimum pension liability	$ 4,474,000	$ 4,954,000
Fair value of derivative instrument	898,000	973,000
Contingent consideration	300,000	300,000
Other	36,000	55,000
Other long-term liabilities	$ 5,708,000	$ 6,282,000

Stock-based Compensation (Narra

Stock-based Compensation (Narrative) (Details) - USD ($)	Jun. 30, 2015	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Donation of common stock	$ 100,000
Donation of common stock, shares	4,498
Donation of common stock, value per share	$ 22.23
Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares exchanged for payroll tax				10,907
Fair value of shares exchanged				$ 275,000
Discontinued Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares subject to repurchase		7,810		7,810
Repurchase obligation		$ 6,000		$ 6,000
Stock Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				2 years
Share-based compensation expense		$ 82,000	$ 251,000	$ 474,000	$ 589,000
Stock Compensation Plan [Member] | Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted						42,085	27,091	34,721
Total compensation expense						$ 1,071,000	$ 727,000	$ 657,000
Share-based compensation expense						$ 367,000	$ 253,000	$ 216,000
Unrecognized compensation cost, recognition period						2 years	2 years	2 years
Stock Compensation Plan [Member] | Nonemployee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted				15,077	13,587
Share-based compensation expense				$ 325,000	$ 303,000

Stock-based Compensation (Sched

Stock-based Compensation (Schedule of Expense by Performance Year) (Details) - Stock Compensation Plan [Member] - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Share-based compensation expense	$ 82,000	$ 251,000	$ 474,000	$ 589,000
2012 [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Shares granted			34,721
Share-based compensation expense		50,000	$ 33,000	150,000
2013 [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Shares granted			27,091
Share-based compensation expense	$ 59,000	59,000	$ 179,000	177,000
2014 [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Shares granted			42,085
Share-based compensation expense	88,000	$ 142,000	$ 262,000	$ 262,000
2015 [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Shares granted
Share-based compensation expense	$ (65,000)

Segment Information (Schedule o

Segment Information (Schedule of Segment Information) (Details)	3 Months Ended		9 Months Ended
	Jul. 31, 2015USD ($)	Jul. 31, 2014USD ($)	Jul. 31, 2015USD ($)segments	Jul. 31, 2014USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments			3
Revenues	$ 29,811,000	$ 36,476,000	$ 86,099,000	$ 87,160,000
Costs and expenses	20,963,000	22,194,000	73,659,000	70,179,000
Depreciation and amortization	1,010,000	902,000	2,979,000	2,564,000
Operating income	7,838,000	13,380,000	9,461,000	14,417,000
Agribusiness [Member]
Segment Reporting Information [Line Items]
Revenues	28,466,000	35,173,000	82,268,000	83,481,000
Costs and expenses	16,680,000	17,077,000	60,933,000	56,669,000
Depreciation and amortization	791,000	728,000	2,375,000	2,061,000
Operating income	10,995,000	17,368,000	18,960,000	24,751,000
Rental Operations [Member]
Segment Reporting Information [Line Items]
Revenues	1,311,000	1,182,000	3,769,000	3,483,000
Costs and expenses	755,000	691,000	2,062,000	1,923,000
Depreciation and amortization	152,000	105,000	409,000	308,000
Operating income	404,000	386,000	1,298,000	1,252,000
Real Estate Development [Member]
Segment Reporting Information [Line Items]
Revenues	34,000	121,000	62,000	196,000
Costs and expenses	313,000	833,000	772,000	1,398,000
Depreciation and amortization	12,000	22,000	34,000	58,000
Operating income	$ (291,000)	$ (734,000)	$ (744,000)	$ (1,260,000)
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Revenues
Costs and expenses	$ 3,215,000	$ 3,593,000	$ 9,892,000	$ 10,189,000
Depreciation and amortization	55,000	47,000	161,000	137,000
Operating income	$ (3,270,000)	$ (3,640,000)	$ (10,053,000)	$ (10,326,000)

Segment Information (Schedule64

Segment Information (Schedule of Revenues by Category, by Segment) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	$ 28,466,000	$ 35,173,000	$ 82,268,000	$ 83,481,000
Rental operations revenues	1,311,000	1,182,000	3,769,000	3,483,000
Real estate development revenues	34,000	121,000	62,000	196,000
Total revenues	29,811,000	36,476,000	86,099,000	87,160,000
Lemons [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	23,859,000	26,845,000	67,385,000	65,909,000
Avocado [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	3,027,000	6,147,000	7,142,000	7,320,000
Navel and Valencia oranges [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	1,020,000	1,711,000	5,054,000	7,031,000
Specialty citrus and other crops [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	560,000	470,000	2,687,000	3,221,000
Residential and Commercial [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Rental operations revenues	728,000	618,000	2,012,000	1,833,000
Leased Land [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Rental operations revenues	480,000	496,000	1,413,000	1,469,000
Organic recycling and other [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Rental operations revenues	$ 103,000	$ 68,000	$ 344,000	$ 181,000

Acquisitions and Sale of Prop65

Acquisitions and Sale of Property (Details)	1 Months Ended
	Sep. 30, 2015USD ($)a	Aug. 21, 2015USD ($)a	Jul. 31, 2015USD ($)a
Acres of land purchased | a			157
Land purchased for use			$ 3,300,000
Deposits paid on land purchases			$ 50,000
Subsequent Event [Member]
Acres of land purchased | a	757
Land purchased for use	$ 15,100,000
Deposits paid on land purchases	$ 50,000
Gain on sale of land		$ 935,000
Sales price of land		$ 2,750,000
Acres of land sold | a		52
Avocado [Member] | Subsequent Event [Member]
Acres of land sold | a		33

East Area 1 Joint Venture Dev66

East Area 1 Joint Venture Development Agreement (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014	Oct. 31, 2014
Schedule of Equity Method Investments [Line Items]
Equity in investments		$ 3,344,000		$ 3,344,000		$ 3,638,000
Equity in earnings of investments		$ 205,000	$ 101,000	193,000	$ 132,000
East Area One [Member] | Subsequent Event [Member]
Schedule of Equity Method Investments [Line Items]
Equity in investments	$ 20,000,000
Cash payment for equity method investments	18,000,000
Deposit received	$ 2,000,000
Ownership percentage of common stock	50.00%
East Area One [Member] | Scenario, Forecast [Member]
Schedule of Equity Method Investments [Line Items]
Capital placement fee				$ 500,000
Land value commission percentage		2.00%		2.00%
Equity in earnings of investments				$ 100,000,000

Uncategorized Items - lmnr-2015

Label	Element	Value
Net Income (Loss) Attributable to Parent	us-gaap_NetIncomeLoss	$ 5,313,000
Net Income (Loss) Attributable to Parent	us-gaap_NetIncomeLoss	$ 8,932,000