Limoneira (LMNR) 10-Q 8 Mar 18 2018 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Jan. 31, 2018	Feb. 28, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Entity Registrant Name	Limoneira CO
Entity Central Index Key	1,342,423
Current Fiscal Year End Date	--10-31
Entity Filer Category	Accelerated Filer
Trading Symbol	LMNR
Entity Common Stock, Shares Outstanding		14,532,952

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 31, 2018	Oct. 31, 2017
Current assets:
Cash	$ 546	$ 492
Accounts receivable, net	13,478	10,953
Cultural costs	2,016	4,124
Prepaid expenses and other current assets	6,524	6,981
Income taxes receivable	570	570
Total current assets	23,134	23,120
Property, plant and equipment, net	188,561	188,225
Real estate development	84,271	81,082
Equity in investments	17,645	14,061
Investment in Calavo Growers, Inc.	26,100	22,110
Other assets	10,800	10,433
Total Assets	350,511	339,031
Current liabilities:
Accounts payable	5,050	6,311
Growers payable	7,772	8,828
Accrued liabilities	4,061	5,177
Fair value of derivative instrument	123	268
Current portion of long-term debt	3,318	3,030
Total current liabilities	20,324	23,614
Long-term liabilities:
Long-term debt, less current portion	112,396	102,083
Deferred income taxes	22,084	31,415
Other long-term liabilities	3,769	3,920
Sale-leaseback deferral	33,122	30,396
Total liabilities	191,695	191,428
Commitments and contingencies
Stockholders’ equity:
Common Stock - $.01 par value (39,000,000 shares authorized: 14,532,952 and 14,405,031 shares issued and outstanding at January 31, 2018 and October 31, 2017, respectively)	145	144
Additional paid-in capital	94,600	94,294
Retained earnings	42,284	34,692
Accumulated other comprehensive income	10,367	7,076
Noncontrolling interest	610	587
Total stockholders’ equity	148,006	136,793
Total Liabilities and Stockholders’ Equity	350,511	339,031
Series B Convertible Preferred Stock [Member]
Long-term liabilities:
Convertible Preferred Stock	1,479	1,479
Series B-2 Convertible Preferred Stock [Member]
Long-term liabilities:
Convertible Preferred Stock	9,331	9,331
Series A Preferred Stock [Member]
Stockholders’ equity:
Preferred Stock	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	3 Months Ended	12 Months Ended
	Jan. 31, 2018	Oct. 31, 2017
Temporary Equity, Liquidation Preference Per Share	$ 1,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	39,000,000	39,000,000
Common Stock, Shares, Issued	14,532,952	14,405,031
Common Stock, Shares, Outstanding	14,532,952	14,405,031
Series B Convertible Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 100	$ 100
Preferred Stock, Shares Authorized	50,000	50,000
Preferred Stock, Shares Issued	14,790	14,790
Preferred Stock, Shares Outstanding	14,790	14,790
Preferred Stock, Dividend Rate, Percentage	8.75%	8.75%
Temporary Equity, Liquidation Preference Per Share	$ 1,000
Series B-2 Convertible Preferred Stock [Member]
Preferred Stock, Par or Stated 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
Preferred Stock, Dividend Rate, Percentage	4.00%	4.00%
Temporary Equity, Liquidation Preference Per Share	$ 1,000	$ 1,000
Series A Junior Participating Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	20,000	20,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Net revenues:
Agribusiness	$ 30,333	$ 26,769
Rental operations	1,260	1,323
Real estate development	0	0
Total net revenues	31,593	28,092
Costs and expenses:
Agribusiness	28,162	26,344
Rental operations	1,065	1,055
Real estate development	30	85
Selling, general and administrative	4,074	3,847
Total costs and expenses	33,331	31,331
Operating loss	(1,738)	(3,239)
Other income (expense):
Interest expense, net	(510)	(434)
Equity in earnings of investments	43	74
Other income, net	241	287
Total other expense	(226)	(73)
Loss before income tax benefit	(1,964)	(3,312)
Income tax benefit	10,587	1,240
Net income (loss)	8,623	(2,072)
Net loss attributable to noncontrolling interest	2	0
Net income (loss) attributable to Limoneira Company	8,625	(2,072)
Preferred dividends	(125)	(155)
Net income (loss) attributable to common stock	$ 8,500	$ (2,227)
Basic net income (loss) per common share	$ 0.59	$ (0.16)
Diluted net income (loss) per common share	0.58	(0.16)
Dividends per common share	$ 0.06	$ 0.06
Weighted-average common shares outstanding-basic	14,466,000	14,202,000
Weighted-average common shares outstanding-diluted	14,984,000	14,202,000

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Net income (loss)	$ 8,623	$ (2,072)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	243	0
Minimum pension liability adjustment, net of tax of $51 and $82	124	126
Unrealized holding gains on security available-for-sale, net of tax of $1,169 and $(458)	2,821	(697)
Unrealized gains from derivative instrument, net of tax of $42 and $150	103	204
Total other comprehensive income (loss), net of tax	3,291	(367)
Comprehensive income (loss)	11,914	(2,439)
Comprehensive loss attributable to noncontrolling interest	23	0
Comprehensive income (loss) attributable to Limoneira Company	$ 11,937	$ (2,439)

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	$ 51	$ 82
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax	1,169	(458)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	$ 42	$ 150

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Operating activities
Net income (loss)	$ 8,623	$ (2,072)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	1,690	1,577
Loss on disposals of assets	99	50
Gain on sales of real estate development assets	(25)	0
Stock compensation expense	708	587
Equity in earnings of investments	(43)	(74)
Provision for deferred income taxes	(10,587)	0
Amortization of deferred financing costs	7	13
Accrued interest on note receivable	(30)	(6)
Changes in operating assets and liabilities:
Accounts receivable	(2,523)	479
Cultural costs	2,116	2,179
Prepaid expenses and other current assets	(1,064)	(688)
Income taxes receivable	0	(1,238)
Other assets	(45)	104
Accounts payable and growers payable	(2,872)	(2,301)
Accrued liabilities	(1,145)	(2,921)
Other long-term liabilities	24	(32)
Net cash used in operating activities	(5,067)	(4,343)
Investing activities
Capital expenditures	(2,033)	(2,331)
Net proceeds from sales of real estate development assets	1,543	0
Equity investment contributions	(3,500)	(4,450)
Investments in mutual water companies	(6)	(6)
Net cash used in investing activities	(3,996)	(6,787)
Financing activities
Borrowings of long-term debt	27,959	37,680
Repayments of long-term debt	(17,425)	(25,288)
Dividends paid - common	(908)	(782)
Dividends paid - preferred	(125)	(155)
Exchange of common stock	(401)	(294)
Net cash provided by financing activities	9,100	11,161
Effect of exchange rate changes in cash	17	0
Net increase in cash	54	31
Cash at beginning of period	492	38
Cash at end of period	546	69
Supplemental disclosures of cash flow information
Cash paid during the period for interest (net of amounts capitalized)	764	403
Cash paid during the period for income taxes, net of (refunds)	0	0
Non-cash investing and financing activities:
Unrealized holding (gain) loss on Calavo investment	(3,990)	1,155
Increase in real estate development and sale-leaseback deferral	2,726	1,833
Non-cash issuance of note receivable	3,000	0
Non-cash reduction of note receivable	68	0
Capital expenditures accrued but not paid at period-end	234	289
Accrued interest on notes receivable	30	6
Accrued contribution obligation of investment in water company	315	315
Accrued Series B-2 Convertible Preferred Stock dividends	$ 31	$ 31

CONSOLIDATED STATEMENTS OF CAS8

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($)	1 Months Ended			3 Months Ended
	Dec. 31, 2017	Jun. 20, 2017	Feb. 24, 2017	Jan. 31, 2018	Oct. 31, 2017
Conversion of Stock [Line Items]
Repayments of Long-term Debt, Total				$ 17,425,000
Real Estate Held for Development and Sale				0	$ 4,337,000
Notes Reduction				68,000
Company’s La Campana Ranch [Member]
Conversion of Stock [Line Items]
Notes Reduction				$ 68,000
Centennial Property [Member]
Conversion of Stock [Line Items]
Real Estate Held for Development and Sale					$ 3,250,000
Proceeds from Sale of Real Estate Held-for-investment	$ 179,000
Proceeds from Issuance of Debt	3,000,000
Rabobank Revolving Credit Facility [Member]
Conversion of Stock [Line Items]
Repayments of Long-term Debt, Total		$ 68,572,000
Fruticola Pan de Azucar S.A. [Member]
Conversion of Stock [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired			90.00%
Payments to Acquire Businesses, Net of Cash Acquired			$ 5,706,000
Repayments of Long-term Debt, Total

Business

Business	3 Months Ended
	Jan. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations [Text Block]	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 food service, 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 a portion of 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 NASDAQ 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, which are then 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 material subsidiaries include: Limoneira Mercantile, LLC, Windfall Investors, LLC (“Windfall”), Templeton Santa Barbara, LLC, Associated Citrus Packers, Inc. (“Associated”), Limoneira Chile, SpA, Limoneira EA1 Land, LLC and PDA, in which the Company has a 90 Consolidation,

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Jan. 31, 2018
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	2. Summary of Significant Accounting Policies PDA’s functional currency is the Chilean Peso. Its balance sheet is translated to U.S. dollars at exchange rates in effect at the balance sheet date and its income statement is translated at average exchange rates during the reporting period. The resulting foreign currency translation adjustments are recorded as a separate component of accumulated other comprehensive income. FASB – Accounting Standards Update (“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. In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net). ASU 2016-08 clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. ASU 2016-10 clarifies the implementation guidance on identifying performance obligations. These ASUs apply to all companies that enter into contracts with customers to transfer goods or services. In May 2016, the FASB issued, ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients. ASU 2016-12 provides clarifying guidance in certain narrow areas and adds some practical expedients. The two permitted transition methods under the new standard are the full retrospective method, in which case the standard would be applied to each prior reporting period presented and the cumulative effect of applying the standard would be recognized at the earliest period shown, or the modified retrospective method, in which case the cumulative effect of applying the standard would be recognized at the date of initial application. The Company currently anticipates adopting the standard in the first quarter of its fiscal year ending October 31, 2019 and anticipates using the modified retrospective method. The Company has inventoried and evaluated its current revenue streams and related contracts with customers. The Company continues to evaluate the effect this ASU may have on its consolidated financial statements. FASB ASU 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. The amendments are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The amendments should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The Company’s adoption of this ASU had no impact on its consolidated financial statements. FASB ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities The amendments in ASU 2016-01, among other things, require equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. Requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. Requires separate presentation of financial assets and financial liabilities by measurement category and form of financial assets (i.e., securities or loans and receivables). Eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate fair value that is required to be disclosed for financial instruments measured at amortized cost. ASU 2016-01 is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements. FASB ASU 2016-02, Leases (Topic 832) Under the new guidance, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: ⋅ A lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis; and ⋅ A right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The new lease guidance simplified the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. Lessees will no longer be provided with a source of off-balance sheet financing. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The ASU will be effective for the Company beginning in the first quarter of its fiscal year ending October 31, 2019. The Company is evaluating the effect this ASU may have on its consolidated financial statements, however it expects to apply the practical expedients provided in the ASU and to record right-of-use assets and lease obligations for its operating leases that exist on the date of adoption. Note 20 – Commitments and Contingencies in the Notes to Consolidated Financial Statements included in the Company’s fiscal year 2017 Annual Report on Form 10-K describes its operating lease arrangements as of October 31, 2017. FASB ASU 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships The amendments in this ASU clarify that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument does not, in and of itself, require de-designation of that hedging relationship provided that all other hedge accounting criteria remain intact. The amendments are effective for public business entities for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company adopted this ASU during the quarter ended July 31, 2017 in connection with the refinancing of its line of credit arrangements and related interest rates swap as described in Note 13 – Long-Term Debt and Note 14 – Derivative Instrument and Hedging Activities. FASB ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting The amendments are intended to improve the accounting for employee share-based payments and affect all organizations that issue share-based payment awards to their employees. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The amendments are effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. Early adoption is permitted. The Company’s early adoption of this ASU on November 1, 2016 resulted in a cumulative effect provision of $ 21,000 FASB ASU 2017-07, Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost The amendment requires that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are used to present the other components of net benefit cost, that line item or items must be appropriately described. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed. The amendment is effective for public business entities for annual periods beginning after December 15, 2017, including interim periods within those annual periods. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. The Company is evaluating the effect this ASU may have on its consolidated financial statements. FASB ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities These amendments refine and expand hedge accounting for both financial and commodity risks. Its provisions create more transparency around how economic results are presented, both on the face of the financial statements and in the footnotes. It also makes certain targeted improvements to simplify the application of hedge accounting guidance. The amendment is effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption, including adoption in an interim period, is permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements. FASB ASU 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income These amendments provide financial statement preparers with an option to reclassify stranded tax effects within AOCI to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act of 2017 (or portion thereof) is recorded. The amendment is effective for all organizations for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. Organizations should apply the proposed amendments either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. The Company is evaluating the effect of this ASU. It could have a significant effect on the Company’s consolidated financial statements.

Acquisitions

Acquisitions	3 Months Ended
	Jan. 31, 2018
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	3. Acquisitions Business Combination On February 24, 2017 (the “Acquisition Date”), the Company completed the acquisition of 90% of the outstanding stock of PDA, a privately-owned Chilean corporation, for $5,800,000 in cash (the “Acquisition”). PDA also had approximately $ 1,700,000 200 9,451 13 35 47 10 53 450,000 1,900,000 57,000 In August 2017, a third-party valuation of the fair value of the net assets was finalized, which resulted in a $ 193,000 94,000 94,000 Cultural costs $ 473 Other current assets 166 Land and land improvements 2,748 Buildings and equipment 206 Orchards 2,876 Investment in Rosales 1,021 Water rights 1,120 Deposit for land purchase 645 Goodwill 196 Total assets acquired 9,451 Current liabilities (122) Current and long-term debt (1,964) Deferred income taxes (1,026) Noncontrolling interest (633) Net cash paid $ 5,706

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Jan. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	4. Fair Value Measurements Under the FASB ASC 820, Fair Value Measurement and Disclosures, a fair value measurement is determined based on the assumptions that a market participant would use in pricing an asset or liability. A three-tiered hierarchy draws distinctions between market participant assumptions based on (i) observable inputs such as quoted prices in active markets (Level 1), (ii) inputs other than quoted prices in active markets that are observable either directly or indirectly (Level 2) and (iii) unobservable inputs that require the Company to use present value and other valuation techniques in the determination of fair value (Level 3). January 31, 2018 Level 1 Level 2 Level 3 Total Assets at fair value: Available-for-sale securities $ 26,100 $ – $ – $ 26,100 Liabilities at fair value: Derivative $ – $ 123 $ – $ 123 October 31, 2017 Level 1 Level 2 Level 3 Total Assets at fair value: Available-for-sale securities $ 22,110 $ – $ – $ 22,110 Liabilities at fair value: Derivative $ – $ 268 $ – $ 268 Available-for-sale securities consist of marketable securities in Calavo common stock. The Company currently owns 300,000 1.7 87.00 73.70 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	3 Months Ended
	Jan. 31, 2018
Receivables [Abstract]
Accounts Receivable Disclosure [Text Block]	5. 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 January 31, 2018 and October 31, 2017 the allowances totaled $465,000 and $577,000, respectively.

Concentrations

Concentrations	3 Months Ended
	Jan. 31, 2018
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	6. Concentrations Lemons procured from third-party growers were 53 15

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	3 Months Ended
	Jan. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses And Other Current Assets [Text Block]	7. Prepaid Expenses and Other Current Assets January 31, October 31, Prepaid insurance $ 825 $ 609 Prepaid supplies 929 806 Lemon supplier advances 502 271 Note receivable, net 2,845 – Deferred lease expense, water assessments and other 1,423 958 Real estate development for sale – 4,337 $ 6,524 $ 6,981

Real Estate Development

Real Estate Development	3 Months Ended
	Jan. 31, 2018
Real Estate [Abstract]
Real Estate Disclosure [Text Block]	8. Real Estate Development January 31, October 31, East Areas I and II $ 77,689 $ 74,500 Templeton Santa Barbara, LLC 6,582 6,582 $ 84,271 $ 81,082 East Areas I and II In fiscal year 2005, the Company began capitalizing the costs of two real estate development projects east of Santa Paula, California, for the development of 550 3,189,000 2,196,000 1,000 3,000 On November 10, 2015 (the “Transaction Date”), the Company entered into a joint venture with The Lewis Group of Companies (“Lewis”) for the residential development of its East Area I real estate development project. To consummate the transaction, the Company formed Limoneira Lewis Community Builders, LLC (the “LLC” or “Joint Venture”) as the development entity, contributed its East Area I property to the LLC and sold a 50 20,000,000 2,000,000 18,000,000 18,800,000 1,200,000 2,100,000 On the Transaction Date, the LLC and Lewis also entered into a limited liability company agreement (the “LLC Agreement”) providing for the admittance of Lewis as a 50% member of the Joint Venture. The LLC Agreement provides that Lewis will serve as the manager of the Joint Venture with the right to manage, control, and conduct its day-to-day business and development activities. Certain major decisions, which are enumerated in the LLC Agreement, require approval by an executive committee comprised of two representatives appointed by Lewis and two representatives appointed by the Company. Pursuant to the LLC Agreement, the Joint Venture will own, develop, subdivide, entitle, maintain, improve, hold for investment, market and dispose of the Joint Venture’s property in accordance with the business plan and budget approved by the executive committee. Further, on the Transaction Date, the Joint Venture and the Company entered into a Lease Agreement (the "Lease Agreement"), pursuant to which the Joint Venture will lease certain of the contributed East Area I property back to the Company for continuation of agricultural operations, and certain other permitted uses, on the property until the Joint Venture requires the property for development. The Lease will terminate in stages corresponding to the Joint Venture's development of the property, which is to occur in stages pursuant to a phased master development plan. In any event, the Lease will terminate five years from the Transaction Date. The Company and the Joint Venture also entered into a Retained Property Development Agreement on the Transaction Date (the "Retained Property Agreement"). Under the terms of the Retained Property Agreement, the Joint Venture will transfer certain contributed East Area I property, which is entitled for commercial development, back to the Company (the "Retained Property") and arrange for the design and construction of certain improvements to the Retained Property, subject to certain reimbursements by the Company. The Company’s sale of an interest in the LLC in which the Company’s contributed property comprises the LLC’s primary asset, combined with the Lease Agreement is considered a sale-leaseback transaction under FASB ASC 840, Leases 20,000,000 2,726,000 1,833,000 In connection with the LLC Agreement, the Company was reimbursed $ 250,000 4,000 12,000 The Company determined the Joint Venture to be a Variable Interest Entity (“VIE”) under ASC 810, because the Joint Venture will require additional subordinated financial support to finance its operations. The Company further determined that it is not the primary beneficiary of the VIE, as the Company and Lewis have joint control over all significant decisions affecting the Joint Venture’s economic performance. Accordingly, contributions made by the Company to the LLC, the Company’s proportionate share of Joint Venture’s results of operations and distributions received by the Company from the LLC will be accounted for under the equity method. The Company made contributions of $ 3,500,000 4,450,000 54,000 In January 2018, the Joint Venture entered into a $ 45,000,000 2.85 In connection with facilitating the annexation of East Area I property into the City of Santa Paula, during February 2014 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 In February 2013, the Company entered into an option agreement for the purchase of a 7 75,000 50,000 3,145,000 1,444,000 1,435,000 275,000 9,000 5 7 Templeton Santa Barbara, LLC The three real estate development parcels within the Templeton Santa Barbara, LLC project are described as Centennial, The Terraces at Pacific Crest (“Pacific Crest”), and Sevilla. The net carrying values of Pacific Crest and Sevilla at January 31, 2018 were $ 3,250,000 3,332,000 2,983,000 3,250,000 4,686,000 29,000 47,000 In October 2017, the Company entered an agreement to sell Centennial for $ 3,250,000 179,000 3,000,000 194,000 15,000 179,000 In August 2017, the Company entered an agreement to sell the commercial portion of its Sevilla project for $ 1,452,000 10,000 In December 2017, the Company entered an agreement to sell Pacific Crest for $ 3,500,000 40,000 At January 31, 2018 and October 31, 2017, the $ 3,250,000 3,332,000 2,983,000 1,354,000

Equity in Investments

Equity in Investments	3 Months Ended
	Jan. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	9. Equity in Investments January 31, October 31, Limoneira Lewis Community Builders, LLC $ 13,134 $ 9,634 Limco Del Mar, Ltd. 2,130 1,968 Rosales 1,866 1,944 Romney Property Partnership 515 515 $ 17,645 $ 14,061 The Rosales equity investment includes the Company’s 35 12

Investment in Calavo Growers, I

Investment in Calavo Growers, Inc.	3 Months Ended
	Jan. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	10. 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 2,729,000 165,000 4,788,000 3,138,000 140,000 6,433,000 5,033,000 60,000 4,019,000 3,419,000 300,000 Additionally, 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 and (losses) of $ 3,990,000 2,821,000 (1,155,000) 697,000

Other Assets

Other Assets	3 Months Ended
	Jan. 31, 2018
Other Assets [Abstract]
Other Assets Disclosure [Text Block]	11. Other Assets January 31, October 31, Investments in mutual water companies $ 5,006 $ 4,686 Acquired water and mineral rights 2,701 2,655 Deposit for land purchase 670 645 Deferred lease assets and other 438 448 Note receivable 563 625 Revolving funds and memberships 320 265 Acquired trade names and trademarks, net 218 233 Goodwill 884 876 $ 10,800 $ 10,433

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Jan. 31, 2018
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	12. Accrued Liabilities January 31, October 31, Compensation $ 1,568 $ 2,367 Property taxes 200 599 Interest 372 327 Deferred income and deposits 963 636 Lease expense 17 137 Lemon supplier payables 177 166 Capital expenditures and other 764 945 $ 4,061 $ 5,177

Long-Term Debt

Long-Term Debt	3 Months Ended
	Jan. 31, 2018
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	13. Long-Term Debt January 31, October 31, Farm Credit West revolving and non-revolving lines of credit: the interest rate is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 1.56% at January 31, 2018, plus 1.85%. Interest is payable monthly and the principal is due in full on July 1, 2022. $ 85,670 $ 74,556 Farm Credit West term loan: the interest rate is variable and was 3.95% at January 31, 2018. The loan is payable in quarterly installments through November 2022. 3,018 3,155 Farm Credit West term loan: the interest rate is variable and was 3.95% at January 31, 2018. The loan is payable in monthly installments through October 2035. 1,155 1,167 Farm Credit West term loan: the interest rate is fixed at 4.70%. The loan is payable in monthly installments though March 2036. 9,423 9,504 Farm Credit West term loan: the interest rate is fixed at 3.62% until March 2021, becoming variable for the remainder of the loan. The loan is payable in monthly installments though March 2036. 7,015 7,083 Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023. 7,393 7,730 Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 2,221 2,106 Subtotal 115,895 105,301 Less deferred financing costs, net of accumulated amortization 181 188 Total long-term debt, net 115,714 105,113 Less current portion 3,318 3,030 Long-term debt, less current portion $ 112,396 $ 102,083 On June 20, 2017, the Company entered into a Master Loan Agreement (the “Loan Agreement”) with Farm Credit West, FLCA (“Farm Credit West”) which includes a Revolving Credit Supplement and a Non-Revolving Credit Supplement (the “Supplements”). Proceeds from the Supplements were used to pay down all the remaining outstanding indebtedness under the revolving credit facility the Company had with Rabobank, N.A. On January 29, 2018 the Company amended the Revolving Credit Supplement to increase the borrowing capacity from $ 60,000,000 75,000,000 115,000,000 75,000,000 40,000,000 The interest rate for any amount outstanding under the Supplements is based on the one-month London Interbank Offered Rate (“LIBOR”) rate plus an applicable margin, which is subject to adjustment on a monthly basis. The applicable margin ranges from 1.60 2.35 All indebtedness under the Loan Agreements, including any indebtedness under the Supplements, is secured by a first lien on certain of the Company’s agricultural properties in Tulare and Ventura counties in California and certain of the Company’s building fixtures and improvements and investments in mutual water companies associated with the pledged agricultural properties. The Loan Agreement includes customary default provisions that provide should an event of default occur, Farm Credit West, at its option, may declare all or any portion of the indebtedness under the Loan Agreement to be immediately due and payable without demand, notice of non-payment, protest or prior recourse to collateral, and terminate or suspend the Company’s right to draw or request funds on any loan or line of credit. The Loan Agreement subjects the Company to affirmative and restrictive covenants including, among other customary covenants, financial reporting requirements, requirements to maintain and repair any collateral, restrictions on the sale of assets, restrictions on the use of proceeds, prohibitions on the incurrence of additional debt and restrictions on the purchase or sale of major assets of the Company’s business. The Company is also subject to a covenant that it will maintain a debt service coverage ratio greater than 1.25:1.0 measured annually at October 31. The Farm Credit West credit facility provides for maximum borrowings of $ 115,000,000 115,000,000 In fiscal year 2017, the Company paid and capitalized debt financing costs of $ 108,000 45,000 On January 20, 2016, the Company entered into a $ 10,000,000 2 On February 16, 2016, the Company entered into a Promissory Note and Loan Agreement with Farm Credit West. The loan agreement provides for a term loan in the amount of $ 10,000,000 7,500,000 The Banco de Chile term loan was assumed with the acquisition of PDA in February 2017. The interest rate is fixed at 6.48 Interest is capitalized on non-bearing orchards, real estate development projects and significant construction in progress. The Company capitalized interest of $ 577,000 464,000 The Company incurs certain loan fees and costs associated with its new or amended credit arrangements. Such costs are capitalized as deferred financing costs and amortized as interest expense using the straight-line method over the terms of the credit agreements. The balance of deferred financing costs net of amortization is included in long-term debt on the Company’s consolidated balance sheet at January 31, 2018.

Derivative Instrument and Hedgi

Derivative Instrument and Hedging Activities	3 Months Ended
	Jan. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	14. Derivative Instrument and Hedging Activities Notional Amount Fair Value Liability January 31, October 31, January 31, October 31, Pay fixed-rate, receive floating-rate forward interest rate swap, beginning July 2013 until June 2018 $ 40,000 $ 40,000 $ 123 $ 268 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 This interest rate swap qualifies as a cash flow hedge and the fair value liability is included in fair value of derivative instrument and related accumulated other comprehensive income at January 31, 2018 and October 31, 2017.

Basic and Diluted Net Income (L

Basic and Diluted Net Income (Loss) per Share	3 Months Ended
	Jan. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	15. Basic and Diluted Net Income (Loss) per Share Basic net income (loss) per common share is calculated using the weighted-average number of common shares outstanding during the period without consideration of the dilutive effect of conversion of preferred stock. Diluted net income (loss) per common share is calculated using the weighted-average number of common shares outstanding during the period plus the dilutive effect of conversion of unvested, restricted stock and preferred stock. Three months ended January 31, 2018 2017 Basic net income (loss) per common share: Numerator: Net income (loss) applicable to common stock $ 8,500 $ (2,227) Denominator: Weighted average common shares-basic 14,466 14,202 Basic net income (loss) per common share $ 0.59 $ (0.16) Diluted net income (loss) per common share: Numerator: Net income (loss) for diluted EPS $ 8,625 $ (2,227) Denominator: Weighted average common shares–basic 14,466 14,202 Effect of dilutive unvested, restricted stock and preferred stock 518 - Weighted average common shares–diluted 14,984 14,202 Diluted net income (loss) per common share $ 0.58 $ (0.16) Unvested stock-based compensation awards that contain non-forfeitable rights to dividends as participating shares are included in computing earnings (loss) per share using the two-class method. The Company’s unvested, restricted stock awards qualify as participating shares. The Company excluded 98,000

Related-Party Transactions

Related-Party Transactions	3 Months Ended
	Jan. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	16. Related-Party Transactions The Company rents certain of its residential housing assets to employees on a month-to-month basis. The Company recorded $ 177,000 188,000 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 $ 720,000 638,000 321,000 141,000 The Company has representation on the board of directors of a non-profit cooperative association that provides pest control services for the agricultural industry. The Company purchased services and supplies of $ 307,000 572,000 6,000 180,000 The Company has an investment in and representation on the board of directors of Calavo and Calavo has an investment in and representation on the board of directors of the Company. The Company recorded dividend income of $ 285,000 270,000 72,000 71,000 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 January 31, 2018 and 2017, the aggregate amount of lemons procured from entities owned or controlled by members of the board of directors was $ 228,000 275,000 88,000 636,000 31 6,000 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 options to lease up to an additional 960 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 9,000 17,000 36,000 28,000 On February 5, 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 9,300 120,000 61,000 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 business in Yuma County, Arizona. The Company paid harvest costs to CRG of $ 2,451,000 2,757,000 218,000 303,000 15,000 209,000 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 and 2015, with 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 34,000 84,000 15,000 The Company has a 1.3 26.8 47,000 34,000 912,000 163,000 183,000 On August 14, 2014, the Company’s wholly owned subsidiary, Limoneira Chile SpA, invested approximately $ 1,750,000 35 12 141,000 248,000 282,000 163,000 101,000 36,000 3,000 84,000 52,000

Income Taxes

Income Taxes	3 Months Ended
	Jan. 31, 2018
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	17. Income Taxes The Company’s estimated annual effective blended tax rate for fiscal year 2018 is approximately 28.2 538.9 10.0 0 The Company has no uncertain tax positions as of January 31, 2018. 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 January 31, 2018. On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (the “Act”) was signed into law making significant changes to the Internal Revenue Code (“IRC”). Except for certain provisions, the act is effective for tax years beginning on or after January 1, 2018. As a fiscal year U.S. taxpayer, the majority of the provisions will apply to the Company’s 2019 fiscal year, such as eliminating the domestic production activities deduction, creating new taxes on certain foreign sourced income and introducing new limitations on certain business deductions. For fiscal year 2018 and effective in the first fiscal quarter, the most significant impacts include: lowering of the U.S. federal corporate income tax rate; remeasuring certain net deferred tax liabilities; and immediate expensing of certain capital expenditures. Changes effective fiscal year 2018 include, but not limited to, a corporate tax rate decrease from 34 21 The Company has calculated its best estimate of the impact of the Act on its quarter-end income tax provision in accordance with its understanding of the Act and guidance available as of the date of this filing and as a result of the corporate tax rate reduction, the Company has decreased its deferred tax liability balance as of January 31, 2018 by approximately $10,000,000. The Company is able to claim bonus depreciation to accelerate the expensing of the cost of certain qualified property acquired and placed in service after September 27, 2017 and before January 1, 2024. For the first five-year period (through 2022), the Company can deduct 100% of the cost of qualified property. Starting in 2023, the additional bonus depreciation is gradually phased out by 20% each year through 2027. Deemed repatriation of foreign earnings is the one-time mandatory transition tax imposed on cumulative foreign earnings. The Company does not believe that there is an impact due to its current foreign earnings deficit. However, the Company will continue to evaluate its foreign earnings during the fiscal year. The Act eliminates or reduces certain deductions, including Section 199 Domestic Production Activities Deduction. However, the Company’s fiscal year began before the Act was effective, and the Company will be able to claim the Section 199 deduction for fiscal year 2018. After fiscal year 2018, the Company will no longer be able to claim the Section 199 deduction. Due to uncertainties which currently exist in the interpretation of the provisions of the Act regarding IRC Section 162(m), the Company has not evaluated the potential impacts of IRC Section 162(m) as amended by the Act on its financial statements. On December 22, 2017, Staff Accounting Bulletin No. 118 (“SAB 118”) was issued to address the application of U.S. GAAP in situations when a registrant does not have the necessary information available, prepared or analyzed (including computations) in reasonable detail to complete the accounting for certain income tax effects of the Act. In accordance with SAB 118, the Company has determined that the approximately $10,000,000 of deferred tax benefit recorded in connection with the re-measurement of certain deferred tax assets and liabilities and zero additional taxable income recorded in connection with the transition tax on the mandatory deemed repatriation of foreign earnings is a provisional amount and a reasonable estimate at January 31, 2018. Additional work is necessary to do a more detailed analysis of historic earnings as well as potential correlative adjustments. Any subsequent adjustments to these amounts will be recorded during the remainder of the fiscal year ended October 31, 2018, as they are identified.

Retirement Plans

Retirement Plans	3 Months Ended
	Jan. 31, 2018
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	18. 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 Wells Fargo 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 $ 150,000 275,000 Three Months Ended January 31, 2018 2017 Administrative expenses $ 63 $ 76 Interest cost 192 194 Expected return on plan assets (268) (263) Prior service cost 11 11 Recognized actuarial loss 175 208 Net periodic benefit cost $ 173 $ 226

Other Long-Term Liabilities

Other Long-Term Liabilities	3 Months Ended
	Jan. 31, 2018
Other Liabilities Disclosure [Abstract]
Other Liabilities Disclosure [Text Block]	19. Other Long-Term Liabilities January 31, October 31, Minimum pension liability $ 3,707 $ 3,858 Deferred gain and other 62 62 $ 3,769 $ 3,920

Contingencies

Contingencies	3 Months Ended
	Jan. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	20. Contingencies The Company is from time to time involved in various lawsuits and legal proceedings that arise in the ordinary course of business. At this time, the Company is not aware of any pending or threatened litigation against it that it expects will have a material adverse effect on its business, financial condition, liquidity, and/or operating results. Legal claims are inherently uncertain, however, and it is possible that the Company’s business, financial condition, liquidity and/or operating results could be adversely affected in the future by legal proceedings.

Series B and Series B-2 Preferr

Series B and Series B-2 Preferred Stock	3 Months Ended
	Jan. 31, 2018
Temporary Equity Disclosure [Abstract]
Preferred Stock [Text Block]	21. Series B and Series B-2 Preferred Stock Series B Convertible Preferred Stock In 1997, in connection with the acquisition of Ronald Michaelis Ranches, Inc., the Company issued 30,000 100.00 Dividends: The holders of shares of Series B Stock are entitled to receive cumulative cash dividends at an annual rate of 8.75 Voting Rights: Each holder of Series B Stock is entitled to ten votes on all matters submitted to a vote of the stockholders of the Company. Redemption: The Company, at the option of the board of directors, may redeem the Series B Stock, as a whole or in part, at any time or from time to time on or after August 1, 2017 and before July 31, 2027, at a redemption price equal to the par value thereof, plus accrued and unpaid dividends thereon to the date fixed for redemption. Redemption by the Company of a portion of the Series B Stock totaling 14,790 Conversion: The holders of Series B Stock have the right, at their option, to convert such shares into shares of Common Stock of the Company at any time prior to redemption. The conversion price is $ 8.00 Put: The holders of Series B Stock may at any time after July 1, 2017 and before June 31, 2027 cause the Company to repurchase such shares at a repurchase price equal to the par value thereof, plus accrued and unpaid dividends thereon to the date fixed for repurchase. The put features of a portion of the Series B Stock totaling 14,790 shares are subject to certain conditions agreed upon between the Company and the holders of this portion of the Series B Stock. Because the Series B Stock may be redeemed by holders of the shares at their discretion beginning July 1, 2017, the redemption is outside of the control the Company and accordingly, the Series B Stock has been classified as temporary equity. In fiscal year 2017, a total of 14,210 177,624 500 6,250 500 6,250 Series B-2 Convertible Preferred Stock During March and April of 2014, pursuant to a Series B-2 Stock Purchase Agreement dated March 21, 2014, the Company issued an aggregate of 9,300 100.00 9,300,000 Conversion: Each share of the Series B-2 Preferred Stock is convertible into common stock at a conversion price equal to the greater of (a) the then-market price of the Company’s common stock based upon the closing price of the Company’s common stock on the NASDAQ Stock Market, LLC or on such other principal market on which the Company’s common stock may then be trading and (b) $15.00 per share of common stock. Shares of the Series B-2 Preferred Stock may be converted into common stock (i) at any time prior to the redemption thereof, or (ii) in the event the Option Agreement (as defined below) is terminated without all of the shares of Series B-2 Preferred Stock having been redeemed, within 30 calendar days following such termination. Dividends: The holder of shares of the Series B-2 Preferred Stock is entitled to receive cumulative cash dividends at an annual rate of 4 1,000 Liquidation Rights: In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company, the holder of shares of the Series B-2 Preferred Stock is entitled to be paid out of the assets available for distribution, before any payment is made to the holders of the Company’s common stock or any other series or class of the Company’s shares ranking junior to the Series B-2 Preferred Stock, an amount equal to the liquidation value of $ 1,000 Voting Rights: Each share of Series B-2 Preferred Stock is entitled to one vote on all matters submitted to a vote of the Company’s stockholders. Redemption: The Company may redeem shares of Series B-2 Preferred Stock only (i) from WPI or its designee and (ii) upon, and to the extent of, an election to exercise the option pursuant to the Option Agreement, described below, at a redemption price equal to the liquidation value of $ 1,000 Because the Series B-2 Preferred Stock may be redeemed by WPI at its discretion with the exercise of the Option Agreement, the redemption is outside of the control the Company and accordingly, the Series B-2 Preferred Stock has been classified as temporary equity. In connection with the sale of the Series B-2 Preferred Stock, Associated and another affiliate of WAM (“WPI-ACP”), entered into a series of agreements related to the future ownership and disposition of farmland with associated Colorado River water rights and other real estate that is held by Associated in Yuma, Arizona. The agreements allow the parties to explore strategies that will make the highest and best use of those assets, including but not limited to the sale or lease of assets or the expansion of a fallowing and water savings program in which a portion of Associated’s property is currently enrolled. The net proceeds of any monetization event would be shared equally by the parties. The agreements entered into include a Water Development Agreement and an Option Agreement. Pursuant to the Water Development Agreement, Associated granted WPI-ACP exclusive rights to develop water assets attributable to the real estate owned by Associated for the mutual benefit of Associated and WAM. Pursuant to the Option Agreement, Associated granted WPI-ACP an option to purchase an undivided interest of up to one-half of the real estate owned by Associated in Yuma County, Arizona (the “Property”) and the water rights associated therewith until January 1, 2026. The purchase price for the Property subject to the Option Agreement will be paid via the redemption by the Company of a proportionate percentage of the Series B-2 Preferred Stock. Unless and until a definitive agreement or definitive agreements with respect to Associated’s real estate and water rights is entered into that would cause the cessation of farming operations, Associated expects to continue farming the Property and recognize all results of operations and retain all proceeds from such operations.

Stock-based Compensation

Stock-based Compensation	3 Months Ended
	Jan. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Shareholders' Equity and Share-based Payments [Text Block]	22. Stock-based Compensation 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-year period. In December 2017, 41,291 22.86 944,000 605,000 90,000 22.19 1,997,000 44,688 19.92 890,000 544,000 27,424 15.29 410,000 130,000 Performance Shares Three Months Ended January 31, Year Granted 2018 2017 2015 27,424 $ - $ 36 2016 44,688 25 64 2017 41,291 68 164 2018 90,000 306 - $ 399 $ 264 During the three months ended January 31, 2018 and 2017 members of management exchanged 17,520 14,773 401,000 294,000 During January 2018 and 2017, 14,033 18,956 309,000 323,000

Segment Information

Segment Information	3 Months Ended
	Jan. 31, 2018
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	23. Segment Information The Company operates in six reportable operating segments: fresh lemons, lemon packing, avocados, other agribusiness, rental operations and real estate development. The reportable operating segments of the Company are strategic business units with different products and services, distribution processes and customer bases. The fresh lemons segment includes sales, farming and harvesting expenses and third-party grower costs relative to fresh lemons. The lemon packing segment includes packing revenues and shipping and handling revenues relative to lemon packing. The lemon packing segment expenses are comprised of lemon packing costs. The lemon packing segment revenues include intersegment revenues between fresh lemons and lemon packing. The intersegment revenues are included gross in the segment note and a separate line item is shown as an elimination. The avocados segment includes sales, farming and harvest costs. The other agribusiness segment includes sales, farming and harvesting of oranges, specialty citrus and other crops. The rental operations segment includes housing and commercial rental operations, leased land and organic recycling. The real estate development segment includes real estate development operations. The Company does not separately allocate depreciation and amortization to its fresh lemons, lemon packing, avocados and other agribusiness segments. No asset information is provided for reportable segments as these specified amounts are not included in the measure of segment profit or loss reviewed by the Company’s chief operating decision maker. The Company measures operating performance, including revenues and operating income, of its operating segments and allocates resources based on its evaluation. The Company does not allocate selling, general and administrative expense, other income, interest expense and income taxes, or specifically identify them to its operating segments. The Company earns packing revenue for packing lemons grown on its orchards and lemons procured from third-party growers. Intersegment revenues represent packing revenues related to lemons grown on the Company’s orchards. Fresh Lemon Eliminations Avocados Other Total Rental Real Estate Corporate Total Revenues from external customers $ 24,976 $ 2,833 $ – $ – $ 2,524 $ 30,333 $ 1,260 $ – $ – $ 31,593 Intersegment – 4,924 (4,924) – – – – – – – Total net revenues 24,976 7,757 (4,924) – 2,524 30,333 1,260 – - 31,593 Costs and expenses 22,890 5,724 (4,924) 704 2,321 26,715 870 30 4,026 31,641 Depreciation and amortization – – – – – 1,447 195 - 48 1,690 Operating income $ 2,086 $ 2,033 $ – $ (704) $ 203 $ 2,171 $ 195 $ (30) $ (4,074) $ (1,738) Segment information for the three months ended January 31, 2017 (in thousands): Fresh Lemon Eliminations Avocados Other Total Rental Real Estate Corporate Total Revenues from external customers $ 23,312 $ 2,677 $ – $ – $ 780 $ 26,769 $ 1,323 $ – $ – $ 28,092 Intersegment – 5,159 (5,159) – – – – – – – Total net revenues 23,312 7,836 (5,159) – 780 26,769 1,323 - - 28,092 Costs and expenses 21,249 5,731 (5,159) 680 2,508 25,009 866 85 3,794 29,754 Depreciation and amortization – – – – – 1,335 189 - 53 1,577 Operating income $ 2,063 $ 2,105 $ – $ (680) $ (1,728) $ 425 $ 268 $ (85) $ (3,847) $ (3,239) The following table sets forth revenues by category, by segment for the three months ended January 31, 2018 and 2017 (in thousands): Three months ended January 31, 2018 2017 Fresh lemons $ 24,976 $ 23,312 Lemon packing 7,757 7,836 Intersegment revenue (4,924) (5,159) Lemon revenues 27,809 25,989 Avocados - - Navel and Valencia oranges 1,343 503 Specialty citrus and other crops 1,181 277 Other agribusiness revenues 2,524 780 Agribusiness revenues 30,333 26,769 Residential and commercial rentals 850 894 Leased land 328 371 Organic recycling and other 82 58 Rental operations revenues 1,260 1,323 Real estate development revenues - - Total net revenues $ 31,593 $ 28,092

Subsequent Events

Subsequent Events	3 Months Ended
	Jan. 31, 2018
Subsequent Events [Abstract]
Subsequent Events [Text Block]	24. Subsequent Events The Company has evaluated events subsequent to January 31, 2018 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 described in the Notes to Consolidated Financial Statements, it was determined that no other subsequent events occurred that require recognition or disclosure in the unaudited consolidated financial statements.

Summary of Significant Accoun33

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Jan. 31, 2018
Accounting Policies [Abstract]
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation PDA’s functional currency is the Chilean Peso. Its balance sheet is translated to U.S. dollars at exchange rates in effect at the balance sheet date and its income statement is translated at average exchange rates during the reporting period. The resulting foreign currency translation adjustments are recorded as a separate component of accumulated other comprehensive income.
Recent Accounting Pronouncements [Policy Text Block]	Recent Accounting Pronouncements FASB – Accounting Standards Update (“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. In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net). ASU 2016-08 clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. ASU 2016-10 clarifies the implementation guidance on identifying performance obligations. These ASUs apply to all companies that enter into contracts with customers to transfer goods or services. In May 2016, the FASB issued, ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients. ASU 2016-12 provides clarifying guidance in certain narrow areas and adds some practical expedients. The two permitted transition methods under the new standard are the full retrospective method, in which case the standard would be applied to each prior reporting period presented and the cumulative effect of applying the standard would be recognized at the earliest period shown, or the modified retrospective method, in which case the cumulative effect of applying the standard would be recognized at the date of initial application. The Company currently anticipates adopting the standard in the first quarter of its fiscal year ending October 31, 2019 and anticipates using the modified retrospective method. The Company has inventoried and evaluated its current revenue streams and related contracts with customers. The Company continues to evaluate the effect this ASU may have on its consolidated financial statements. FASB ASU 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. The amendments are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The amendments should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The Company’s adoption of this ASU had no impact on its consolidated financial statements. FASB ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities The amendments in ASU 2016-01, among other things, require equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. Requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. Requires separate presentation of financial assets and financial liabilities by measurement category and form of financial assets (i.e., securities or loans and receivables). Eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate fair value that is required to be disclosed for financial instruments measured at amortized cost. ASU 2016-01 is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements. FASB ASU 2016-02, Leases (Topic 832) Under the new guidance, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: ⋅ A lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis; and ⋅ A right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The new lease guidance simplified the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. Lessees will no longer be provided with a source of off-balance sheet financing. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The ASU will be effective for the Company beginning in the first quarter of its fiscal year ending October 31, 2019. The Company is evaluating the effect this ASU may have on its consolidated financial statements, however it expects to apply the practical expedients provided in the ASU and to record right-of-use assets and lease obligations for its operating leases that exist on the date of adoption. Note 20 – Commitments and Contingencies in the Notes to Consolidated Financial Statements included in the Company’s fiscal year 2017 Annual Report on Form 10-K describes its operating lease arrangements as of October 31, 2017. FASB ASU 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships The amendments in this ASU clarify that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument does not, in and of itself, require de-designation of that hedging relationship provided that all other hedge accounting criteria remain intact. The amendments are effective for public business entities for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Company adopted this ASU during the quarter ended July 31, 2017 in connection with the refinancing of its line of credit arrangements and related interest rates swap as described in Note 13 – Long-Term Debt and Note 14 – Derivative Instrument and Hedging Activities. FASB ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting The amendments are intended to improve the accounting for employee share-based payments and affect all organizations that issue share-based payment awards to their employees. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The amendments are effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. Early adoption is permitted. The Company’s early adoption of this ASU on November 1, 2016 resulted in a cumulative effect provision of $ 21,000 FASB ASU 2017-07, Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost The amendment requires that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are used to present the other components of net benefit cost, that line item or items must be appropriately described. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed. The amendment is effective for public business entities for annual periods beginning after December 15, 2017, including interim periods within those annual periods. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. The Company is evaluating the effect this ASU may have on its consolidated financial statements. FASB ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities These amendments refine and expand hedge accounting for both financial and commodity risks. Its provisions create more transparency around how economic results are presented, both on the face of the financial statements and in the footnotes. It also makes certain targeted improvements to simplify the application of hedge accounting guidance. The amendment is effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption, including adoption in an interim period, is permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements. FASB ASU 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income These amendments provide financial statement preparers with an option to reclassify stranded tax effects within AOCI to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act of 2017 (or portion thereof) is recorded. The amendment is effective for all organizations for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. Organizations should apply the proposed amendments either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. The Company is evaluating the effect of this ASU. It could have a significant effect on the Company’s consolidated financial statements.

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Jan. 31, 2018
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Fair Value Measurements and Disclosures (in thousands): Cultural costs $ 473 Other current assets 166 Land and land improvements 2,748 Buildings and equipment 206 Orchards 2,876 Investment in Rosales 1,021 Water rights 1,120 Deposit for land purchase 645 Goodwill 196 Total assets acquired 9,451 Current liabilities (122) Current and long-term debt (1,964) Deferred income taxes (1,026) Noncontrolling interest (633) Net cash paid $ 5,706

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Jan. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	January 31, 2018 Level 1 Level 2 Level 3 Total Assets at fair value: Available-for-sale securities $ 26,100 $ – $ – $ 26,100 Liabilities at fair value: Derivative $ – $ 123 $ – $ 123 October 31, 2017 Level 1 Level 2 Level 3 Total Assets at fair value: Available-for-sale securities $ 22,110 $ – $ – $ 22,110 Liabilities at fair value: Derivative $ – $ 268 $ – $ 268

Prepaid Expenses and Other Cu36

Prepaid Expenses and Other Current Assets (Tables)	3 Months Ended
	Jan. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	Prepaid expenses and other current assets consist of the following (in thousands): January 31, October 31, Prepaid insurance $ 825 $ 609 Prepaid supplies 929 806 Lemon supplier advances 502 271 Note receivable, net 2,845 – Deferred lease expense, water assessments and other 1,423 958 Real estate development for sale – 4,337 $ 6,524 $ 6,981

Real Estate Development (Tables

Real Estate Development (Tables)	3 Months Ended
	Jan. 31, 2018
Real Estate [Abstract]
Schedule of Real Estate Properties [Table Text Block]	Real estate development assets consist of the following (in thousands): January 31, October 31, East Areas I and II $ 77,689 $ 74,500 Templeton Santa Barbara, LLC 6,582 6,582 $ 84,271 $ 81,082

Equity in Investments (Tables)

Equity in Investments (Tables)	3 Months Ended
	Jan. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments [Table Text Block]	Equity in investments consist of the following (in thousands): January 31, October 31, Limoneira Lewis Community Builders, LLC $ 13,134 $ 9,634 Limco Del Mar, Ltd. 2,130 1,968 Rosales 1,866 1,944 Romney Property Partnership 515 515 $ 17,645 $ 14,061

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	Jan. 31, 2018
Other Assets [Abstract]
Schedule of Other Assets [Table Text Block]	Other assets consist of the following (in thousands): January 31, October 31, Investments in mutual water companies $ 5,006 $ 4,686 Acquired water and mineral rights 2,701 2,655 Deposit for land purchase 670 645 Deferred lease assets and other 438 448 Note receivable 563 625 Revolving funds and memberships 320 265 Acquired trade names and trademarks, net 218 233 Goodwill 884 876 $ 10,800 $ 10,433

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Jan. 31, 2018
Accounts Payable and Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	Accrued liabilities consist of the following (in thousands): January 31, October 31, Compensation $ 1,568 $ 2,367 Property taxes 200 599 Interest 372 327 Deferred income and deposits 963 636 Lease expense 17 137 Lemon supplier payables 177 166 Capital expenditures and other 764 945 $ 4,061 $ 5,177

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Jan. 31, 2018
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt is comprised of the following (in thousands): January 31, October 31, Farm Credit West revolving and non-revolving lines of credit: the interest rate is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 1.56% at January 31, 2018, plus 1.85%. Interest is payable monthly and the principal is due in full on July 1, 2022. $ 85,670 $ 74,556 Farm Credit West term loan: the interest rate is variable and was 3.95% at January 31, 2018. The loan is payable in quarterly installments through November 2022. 3,018 3,155 Farm Credit West term loan: the interest rate is variable and was 3.95% at January 31, 2018. The loan is payable in monthly installments through October 2035. 1,155 1,167 Farm Credit West term loan: the interest rate is fixed at 4.70%. The loan is payable in monthly installments though March 2036. 9,423 9,504 Farm Credit West term loan: the interest rate is fixed at 3.62% until March 2021, becoming variable for the remainder of the loan. The loan is payable in monthly installments though March 2036. 7,015 7,083 Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023. 7,393 7,730 Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 2,221 2,106 Subtotal 115,895 105,301 Less deferred financing costs, net of accumulated amortization 181 188 Total long-term debt, net 115,714 105,113 Less current portion 3,318 3,030 Long-term debt, less current portion $ 112,396 $ 102,083

Derivative Instrument and Hed42

Derivative Instrument and Hedging Activities (Tables)	3 Months Ended
	Jan. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments [Table Text Block]	The Company enters into interest rate swaps to minimize the risks and costs associated with its financing activities. Derivative financial instruments are as follows (in thousands): Notional Amount Fair Value Liability January 31, October 31, January 31, October 31, Pay fixed-rate, receive floating-rate forward interest rate swap, beginning July 2013 until June 2018 $ 40,000 $ 40,000 $ 123 $ 268

Basic and Diluted Net Income 43

Basic and Diluted Net Income (Loss) per Share (Tables)	3 Months Ended
	Jan. 31, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The computations for basic and diluted net income (loss) per common share are as follows (in thousands, except per share amounts): Three months ended January 31, 2018 2017 Basic net income (loss) per common share: Numerator: Net income (loss) applicable to common stock $ 8,500 $ (2,227) Denominator: Weighted average common shares-basic 14,466 14,202 Basic net income (loss) per common share $ 0.59 $ (0.16) Diluted net income (loss) per common share: Numerator: Net income (loss) for diluted EPS $ 8,625 $ (2,227) Denominator: Weighted average common shares–basic 14,466 14,202 Effect of dilutive unvested, restricted stock and preferred stock 518 - Weighted average common shares–diluted 14,984 14,202 Diluted net income (loss) per common share $ 0.58 $ (0.16)

Retirement Plans (Tables)

Retirement Plans (Tables)	3 Months Ended
	Jan. 31, 2018
Compensation and Retirement Disclosure [Abstract]
Schedule of Net Benefit Costs [Table Text Block]	The net periodic pension costs for the Plan were as follows (in thousands): Three Months Ended January 31, 2018 2017 Administrative expenses $ 63 $ 76 Interest cost 192 194 Expected return on plan assets (268) (263) Prior service cost 11 11 Recognized actuarial loss 175 208 Net periodic benefit cost $ 173 $ 226

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	3 Months Ended
	Jan. 31, 2018
Other Liabilities Disclosure [Abstract]
Other Noncurrent Liabilities [Table Text Block]	Other long-term liabilities consist of the following (in thousands): January 31, October 31, Minimum pension liability $ 3,707 $ 3,858 Deferred gain and other 62 62 $ 3,769 $ 3,920

Stock-based Compensation (Table

Stock-based Compensation (Tables)	3 Months Ended
	Jan. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]	Stock-based compensation expense is recognized over the performance and vesting periods as summarized below ($ in thousands): Performance Shares Three Months Ended January 31, Year Granted 2018 2017 2015 27,424 $ - $ 36 2016 44,688 25 64 2017 41,291 68 164 2018 90,000 306 - $ 399 $ 264

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Jan. 31, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Segment information for the three months ended January 31, 2018 (in thousands): Fresh Lemon Eliminations Avocados Other Total Rental Real Estate Corporate Total Revenues from external customers $ 24,976 $ 2,833 $ – $ – $ 2,524 $ 30,333 $ 1,260 $ – $ – $ 31,593 Intersegment – 4,924 (4,924) – – – – – – – Total net revenues 24,976 7,757 (4,924) – 2,524 30,333 1,260 – - 31,593 Costs and expenses 22,890 5,724 (4,924) 704 2,321 26,715 870 30 4,026 31,641 Depreciation and amortization – – – – – 1,447 195 - 48 1,690 Operating income $ 2,086 $ 2,033 $ – $ (704) $ 203 $ 2,171 $ 195 $ (30) $ (4,074) $ (1,738) Segment information for the three months ended January 31, 2017 (in thousands): Fresh Lemon Eliminations Avocados Other Total Rental Real Estate Corporate Total Revenues from external customers $ 23,312 $ 2,677 $ – $ – $ 780 $ 26,769 $ 1,323 $ – $ – $ 28,092 Intersegment – 5,159 (5,159) – – – – – – – Total net revenues 23,312 7,836 (5,159) – 780 26,769 1,323 - - 28,092 Costs and expenses 21,249 5,731 (5,159) 680 2,508 25,009 866 85 3,794 29,754 Depreciation and amortization – – – – – 1,335 189 - 53 1,577 Operating income $ 2,063 $ 2,105 $ – $ (680) $ (1,728) $ 425 $ 268 $ (85) $ (3,847) $ (3,239) The following table sets forth revenues by category, by segment for the three months ended January 31, 2018 and 2017 (in thousands): Three months ended January 31, 2018 2017 Fresh lemons $ 24,976 $ 23,312 Lemon packing 7,757 7,836 Intersegment revenue (4,924) (5,159) Lemon revenues 27,809 25,989 Avocados - - Navel and Valencia oranges 1,343 503 Specialty citrus and other crops 1,181 277 Other agribusiness revenues 2,524 780 Agribusiness revenues 30,333 26,769 Residential and commercial rentals 850 894 Leased land 328 371 Organic recycling and other 82 58 Rental operations revenues 1,260 1,323 Real estate development revenues - - Total net revenues $ 31,593 $ 28,092

Business (Details Textual)

Business (Details Textual)	Jan. 31, 2018	Oct. 31, 2014
Equity Method Investment, Ownership Percentage	90.00%	35.00%

Summary of Significant Accoun49

Summary of Significant Accounting Policies (Details Textual)	12 Months Ended
	Oct. 31, 2017USD ($)
Accounting Policies [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Operating Results	$ 21,000

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Oct. 31, 2017	Feb. 24, 2017
Goodwill	$ 884	$ 876
Fruticola Pan de Azucar S.A. [Member]
Cultural costs	473
Other current assets	166
Land and land improvements	2,748
Buildings and equipment	206
Orchards	2,876
Investment in Rosales	1,021
Water rights	1,120
Deposit for land purchase	645
Goodwill	196
Total assets acquired	9,451		$ 9,451
Current liabilities	(122)
Current and long-term debt	(1,964)
Deferred income taxes	(1,026)
Noncontrolling interest	(633)
Net cash paid	$ 5,706

Acquisitions (Details Textual)

Acquisitions (Details Textual)	1 Months Ended		3 Months Ended		12 Months Ended
	Aug. 31, 2017USD ($)	Feb. 24, 2017USD ($)a	Jan. 31, 2018USD ($)	Jan. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Oct. 31, 2014
Equity Method Investment, Ownership Percentage			90.00%			35.00%
Revenues, Total			$ 31,593,000	$ 28,092,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Asset	$ 193,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	94,000
Cash Acquired from Acquisition	$ 94,000
Limoneira Company [Member]
Equity Method Investment, Ownership Percentage		35.00%	47.00%
Fruticola Pan de Azucar S.A. [Member]
Business Acquisition, Percentage of Voting Interests Acquired		90.00%
Payments to Acquire Businesses, Net of Cash Acquired		$ 5,706,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt		$ 1,700,000
Area of Land | a		200
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets		$ 9,451,000	$ 9,451,000
Equity Method Investment, Ownership Percentage		13.00%	10.00%
Revenues, Total					1,900,000
Business Combination, Acquisition Related Costs			$ 57,000
Business Acquisition, Pro Forma Net Income (Loss)					$ 450,000
Fruticola Pan de Azucar S.A. [Member] | stockholder [Member]
Equity Method Investment, Ownership Percentage			53.00%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Jan. 31, 2018	Oct. 31, 2017
Assets at fair value:
Available-for-sale securities	$ 26,100	$ 22,110
Liabilities at fair value:
Derivative	123	268
Fair Value, Inputs, Level 1 [Member]
Assets at fair value:
Available-for-sale securities	26,100	22,110
Liabilities at fair value:
Derivative	0	0
Fair Value, Inputs, Level 2 [Member]
Assets at fair value:
Available-for-sale securities	0	0
Liabilities at fair value:
Derivative	123	268
Fair Value, Inputs, Level 3 [Member]
Assets at fair value:
Available-for-sale securities	0	0
Liabilities at fair value:
Derivative	$ 0	$ 0

Fair Value Measurements (Deta53

Fair Value Measurements (Details Textual) - $ / shares	Jan. 31, 2018	Oct. 31, 2017	Oct. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Method Investment, Ownership Percentage	90.00%		35.00%
Calavo Growers Incorporated [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Method Investment Investee Price Per Share	$ 87	$ 73.70
Investment Owned, Balance, Shares	300,000
Equity Method Investment, Ownership Percentage	1.70%

Accounts Receivable (Details Te

Accounts Receivable (Details Textual) - USD ($)	Jan. 31, 2018	Oct. 31, 2017
Accounts Receivable Disclosure [Line Items]
Allowance for Doubtful Accounts Receivable, Current	$ 465,000	$ 577,000

Concentrations (Details Textual

Concentrations (Details Textual)	3 Months Ended
	Jan. 31, 2018
Supplier Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	15.00%
Lemons [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	53.00%

Prepaid Expenses and Other Cu56

Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Oct. 31, 2017	Feb. 24, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Line Items]
Prepaid insurance	$ 825	$ 609
Prepaid supplies	929	806
Lemon supplier advances	502	271
Note receivable, net	2,845	0
Deferred lease expense, water assessments and other	1,423	958
Real estate development for sale	0	4,337
Prepaid Expense and Other Assets, Current	$ 6,524	$ 6,981

Real Estate Development (Detail

Real Estate Development (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Oct. 31, 2017
Real Estate Properties [Line Items]
Real estate development assets	$ 84,271	$ 81,082
East Area I and II [Member]
Real Estate Properties [Line Items]
Real estate development assets	77,689	74,500
Templeton Santa Barbara, LLC [Member]
Real Estate Properties [Line Items]
Real estate development assets	$ 6,582	$ 6,582

Real Estate Development (Deta58

Real Estate Development (Details Textual)	1 Months Ended									3 Months Ended			12 Months Ended
	Feb. 28, 2018USD ($)	Jan. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Oct. 31, 2017USD ($)	Aug. 31, 2017USD ($)	Jan. 28, 2016USD ($)	Nov. 10, 2015USD ($)	Sep. 30, 2015USD ($)	Feb. 28, 2013USD ($)a	Jan. 31, 2018USD ($)	Jan. 31, 2017USD ($)	Jan. 31, 2016USD ($)	Oct. 31, 2017USD ($)	Oct. 31, 2016USD ($)	Oct. 31, 2015USD ($)	Oct. 31, 2014USD ($)	Feb. 24, 2017USD ($)	Oct. 31, 2005a
Real Estate Properties [Line Items]
Equity Method Investment, Ownership Percentage		90.00%								90.00%						35.00%
Increase In Real Estate Development And Financing Liability										$ 2,726,000	$ 1,833,000
Payments to Acquire Equity Method Investments										3,500,000	4,450,000
Income (Loss) from Equity Method Investments										43,000	74,000
Gains (Losses) on Sales of Investment Real Estate										25,000	0
Real Estate Held for Development and Sale		$ 0		$ 4,337,000						0			$ 4,337,000
Unsecured Line of Credit Loan Agreement and Promissory Note [Member]
Real Estate Properties [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.85%
Debt Instrument, Description of Variable Rate Basis		LIBOR plus 2.85%
Debt Instrument, Face Amount		$ 45,000,000								45,000,000
Debt Instrument, Maturity Date, Description		Loan matures in January 2020, with an option to extend the maturity date until 2021, subject to certain conditions
East Areas I and II [Member]
Real Estate Properties [Line Items]
Number Of Acres Of Land For Real Estate Development | a																		550
Real Estate Development Expense										1,000	3,000
SEC Schedule III, Real Estate, Period Increase (Decrease), Total										3,189,000	2,196,000
Payments to Acquire Equity Method Investments											4,450,000
Income (Loss) from Equity Method Investments										$ 0	54,000
East Area I [Member]
Real Estate Properties [Line Items]
Pro rata Share Percentage Of Improvement Costs Required To Be Paid Relating To Annexation		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 Limited Liability Company [Member]
Real Estate Properties [Line Items]
Real Estate Development Expense										29,000	47,000
Centennial Square [Member]
Real Estate Properties [Line Items]
SEC Schedule III, Real Estate, Gross, Beginning Balance		3,250,000		2,983,000						3,250,000			2,983,000
Centennial Square [Member] | Prepaid Expenses and Other Current Assets [Member]
Real Estate Properties [Line Items]
Real Estate Held-for-sale				2,983,000									2,983,000
Pacific Crest [Member]
Real Estate Properties [Line Items]
SEC Schedule III, Real Estate, Gross, Beginning Balance		3,332,000		3,250,000						3,332,000			3,250,000
Proceeds from Sale of Real Estate Held-for-investment			$ 3,500,000
Gains (Losses) on Sales of Investment Real Estate			40,000
Real Estate Held for Development and Sale				3,332,000									3,332,000
Sevilla [Member]
Real Estate Properties [Line Items]
SEC Schedule III, Real Estate, Gross, Beginning Balance				4,686,000									4,686,000
Proceeds from Sale of Real Estate Held-for-investment					$ 1,364,000
Gains (Losses) on Sales of Investment Real Estate					10,000
Real Estate Held for Development and Sale		3,250,000								3,250,000
Real Estate Held-for-sale					$ 1,452,000
Sevilla [Member] | Prepaid Expenses and Other Current Assets [Member]
Real Estate Properties [Line Items]
Real Estate Held-for-sale				1,354,000									1,354,000
Lewis Group of Companies [Member]
Real Estate Properties [Line Items]
Equity Method Investment, Ownership Percentage							50.00%
Equity Method Investment, Aggregate Cost		20,000,000					$ 20,000,000			20,000,000		$ 1,200,000
Proceeds from Sale of Equity Method Investments							$ 18,000,000	$ 2,000,000				$ 18,800,000
Payments of Financing Costs, Total						$ 2,100,000
Limoneira Lewis Community Builders, LLC Agreement [Member]
Real Estate Properties [Line Items]
Due from Joint Ventures															$ 250,000
Rental Income, Non-Operating										4,000	$ 12,000
Centennial Property [Member]
Real Estate Properties [Line Items]
Proceeds from Sale of Real Estate Held-for-investment			179,000	$ 3,250,000
Gains (Losses) on Sales of Investment Real Estate										15,000			194,000
Proceeds from Issuance of Debt			$ 3,000,000
Deferred Gain on Sale of Property		$ 179,000								$ 179,000
East Areas II [Member]
Real Estate Properties [Line Items]
Area of Real Estate Property | a									7
Payments to Acquire Real Estate									$ 75,000				$ 50,000	$ 50,000	$ 50,000	$ 50,000
East Areas II [Member] | Subsequent Event [Member]
Real Estate Properties [Line Items]
Real Estate Investment Property, Net	$ 3,145,000
Payments to Acquire and Develop Real Estate	1,444,000
Notes Payable	1,435,000
Payments of Derivative Issuance Costs	9,000
Purchase Price of Option Payments Including Transaction Cost	$ 275,000
East Areas II [Member] | Subsequent Event [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	7.00%
East Areas II [Member] | Subsequent Event [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.00%

Equity in Investments (Details)

Equity in Investments (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Oct. 31, 2017
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 17,645	$ 14,061
Limoneira Lewis Community Builders, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	13,134	9,634
Limco Del Mar, Ltd. [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	2,130	1,968
Rosales [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	1,866	1,944
Romney Property Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 515	$ 515

Equity in Investments (Details

Equity in Investments (Details Textual)	Jan. 31, 2018	Feb. 24, 2017	Oct. 31, 2014	Aug. 14, 2014
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	90.00%		35.00%
Limoneira Company [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	47.00%	35.00%
Equity Method Investment, Additional Ownership Percentage	12.00%			12.00%

Investment in Calavo Growers,61

Investment in Calavo Growers, Inc. (Details Textual) - USD ($)	1 Months Ended	2 Months Ended	3 Months Ended		12 Months Ended
	Jun. 30, 2005	Jul. 31, 2016	Jan. 31, 2018	Jan. 31, 2017	Oct. 31, 2015	Oct. 31, 2013	Oct. 31, 2009	Oct. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Equity Method Investment, Ownership Percentage			90.00%					35.00%
Calavo Growers, Inc [Member]
Schedule of Available-for-sale Securities [Line Items]
Investment Owned, Balance, Shares	1,000,000
Equity Method Investment, Ownership Percentage	6.90%
Payments to Acquire Available-for-sale Securities, Equity	$ 10,000,000
Stock Issued During Period, Shares, New Issues	1,728,570
Percentage Of Ownership Interest Sold	15.10%
Stock Issued During Period, Value, New Issues	$ 23,450,000
Proceeds From Payment For Stock Purchase Agreement	$ 13,450,000
Sale Of Available For Sale Securities Number Of Shares Sold							335,000
Proceeds from Sale of Available-for-sale Securities, Equity		$ 4,019,000					$ 6,079,000
Available-for-sale Securities, Gross Realized Gain (Loss)		$ 3,419,000			$ 5,033,000	$ 3,138,000	$ 2,729,000
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss) before Taxes			$ 3,990,000	$ (1,155,000)
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss), Net of Tax, Total			2,821,000	$ 697,000
Sale of Stock, Number of Shares Issued in Transaction		60,000			140,000	165,000
Proceeds from Sale of Available-for-sale Securities, Total					$ 6,433,000	$ 4,788,000
Available-for-sale Securities, Total			$ 300,000

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Oct. 31, 2017
Regulatory Assets [Line Items]
Investments in mutual water companies	$ 5,006	$ 4,686
Acquired water and mineral rights	2,701	2,655
Deposit for land purchase	670	645
Deferred lease assets and other	438	448
Note receivable	563	625
Revolving funds and memberships	320	265
Acquired trade names and trademarks, net	218	233
Goodwill	884	876
Other Assets, Noncurrent	$ 10,800	$ 10,433

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Oct. 31, 2017
Schedule of Accrued Liabilities [Line Items]
Compensation	$ 1,568	$ 2,367
Property taxes	200	599
Interest	372	327
Deferred income and deposits	963	636
Lease expense	17	137
Lemon supplier payables	177	166
Capital expenditures and other	764	945
Accrued Liabilities, Current	$ 4,061	$ 5,177

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Oct. 31, 2017
Debt Instrument [Line Items]
Less deferred financing costs, net of accumulated amortization	$ 181	$ 188
Total long-term debt, net	115,714	105,113
Less current portion	3,318	3,030
Long-term debt, less current portion	112,396	102,083
Farm Credit West Master Loan [Member]
Debt Instrument [Line Items]
Total long-term debt, net	85,670	74,556
Farm Credit West Term Loan One [Member]
Debt Instrument [Line Items]
Total long-term debt, net	3,018	3,155
Farm Credit West Term Loan Two [Member]
Debt Instrument [Line Items]
Total long-term debt, net	1,155	1,167
Farm Credit West Term Loan Three [Member]
Debt Instrument [Line Items]
Total long-term debt, net	9,423	9,504
Farm Credit West Term Loan Four [Member]
Debt Instrument [Line Items]
Total long-term debt, net	7,015	7,083
Wells Fargo Term Loan [Member]
Debt Instrument [Line Items]
Total long-term debt, net	7,393	7,730
Banco de Chile term loan [Member]
Debt Instrument [Line Items]
Total long-term debt, net	2,221	2,106
Subtotal [Member]
Debt Instrument [Line Items]
Total long-term debt, net	$ 115,895	$ 105,301

Long-Term Debt (Parenthetical)

Long-Term Debt (Parenthetical) (Details)	3 Months Ended
	Jan. 31, 2018
Farm Credit West Term Loan One [Member]
Debt Instrument, Maturity Date	Nov. 30, 2022
Debt Instrument, Interest Rate, Stated Percentage	3.95%
Farm Credit West Term Loan Two [Member]
Debt Instrument, Maturity Date	Oct. 31, 2035
Farm Credit West Term Loan Three [Member]
Debt Instrument, Maturity Date	Mar. 31, 2036
Debt Instrument, Interest Rate, Stated Percentage	4.70%
Farm Credit West Term Loan Four [Member]
Debt Instrument, Maturity Date	Mar. 31, 2036
Debt Instrument, Interest Rate, Stated Percentage	3.62%
Farm Credit West Term Loan Five [Member]
Debt Instrument, Interest Rate, Stated Percentage	3.95%
Wells Fargo Term Loan [Member]
Debt Instrument, Maturity Date	Jan. 31, 2023
Debt Instrument, Interest Rate, Stated Percentage	3.58%
Banco de Chile term loan [Member]
Debt Instrument, Maturity Date	Jan. 31, 2025
Debt Instrument, Interest Rate, Stated Percentage	6.48%
Farm Credit West Master Loan [Member]
LIBOR rate	1.56%
Debt Instrument, Basis Spread on Variable Rate	1.85%
Debt Instrument, Maturity Date	Jul. 1, 2022

Long-Term Debt (Details Textual

Long-Term Debt (Details Textual) - USD ($)	1 Months Ended	3 Months Ended			12 Months Ended
	Jun. 20, 2017	Jan. 31, 2019	Jan. 31, 2018	Jan. 31, 2017	Oct. 31, 2017	Jan. 29, 2018	Feb. 16, 2016	Jan. 20, 2016
Debt Instrument [Line Items]
Interest Costs Capitalized			$ 577,000	$ 464,000
Debt Instrument, Covenant Description		The Company is also subject to a covenant that it will maintain a debt service coverage ratio greater than 1.25:1.0 measured annually at October 31
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 60,000,000					$ 75,000,000
Wells Fargo Equipment Finance, Inc. [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount								$ 10,000,000
Prepayment Penalty Of Unpaid Balance								2.00%
Rabobank Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			115,000,000
Line of Credit Facility, Collateral Fees, Amount			$ 115,000,000
Debt Related Commitment Fees and Debt Issuance Costs					$ 45,000
Farm Credit West Term Loan Four [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			3.62%
Debt Instrument, Face Amount							$ 10,000,000
Farm Credit West Term Loan Five [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			3.95%
Debt Instrument, Face Amount							$ 7,500,000
Banco De Chile Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			6.48%
Farm Credit West Master Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.85%
Line of Credit Facility, Maximum Borrowing Capacity	115,000,000
Payments of Debt Issuance Costs					$ 108,000
Farm Credit West Master Loan [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	75,000,000
Farm Credit West Master Loan [Member] | Non-Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 40,000,000
Farm Credit West Master Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.35%
Farm Credit West Master Loan [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.60%

Derivative Instrument and Hed67

Derivative Instrument and Hedging Activities (Details) - forward interest rate swap [Member] - USD ($) $ in Thousands	Jan. 31, 2018	Oct. 31, 2017
Derivative [Line Items]
Derivative Liability, Notional Amount	$ 40,000	$ 40,000
Derivative Liability, Fair Value Liability	$ 123	$ 268

Derivative Instrument and Hed68

Derivative Instrument and Hedging Activities (Details Textual) - Forward Interest Rate Swaps [Member] - USD ($) $ in Thousands	Jan. 31, 2018	Oct. 31, 2017
Derivative [Line Items]
Derivative, Fixed Interest Rate	4.30%
Derivative Liability, Notional Amount	$ 40,000	$ 40,000

Basic and Diluted Net Income 69

Basic and Diluted Net Income (Loss) per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Basic net income (loss) per common share:
Numerator: Net income (loss) applicable to common stock	$ 8,500	$ (2,227)
Denominator: Weighted average common shares-basic	14,466,000	14,202,000
Basic net income (loss) per common share	$ 0.59	$ (0.16)
Diluted net income (loss) per common share:
Numerator: Net income (loss) for diluted EPS	$ 8,625	$ (2,227)
Denominator: Weighted average common shares-basic	14,466,000	14,202,000
Effect of dilutive unvested, restricted stock and preferred stock	518,000	0
Weighted average common shares-diluted	14,984,000	14,202,000
Diluted net income (loss) per common share	$ 0.58	$ (0.16)

Basic and Diluted Net Income 70

Basic and Diluted Net Income (Loss) per Share (Details Textual)	3 Months Ended
	Jan. 31, 2018shares
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	98,000

Related-Party Transactions (Det

Related-Party Transactions (Details Textual)	Feb. 05, 2015USD ($)	Aug. 14, 2014USD ($)	Dec. 31, 2016USD ($)	Jan. 31, 2018USD ($)ashares	Jan. 31, 2017USD ($)a	Oct. 31, 2017USD ($)	Feb. 24, 2017	Feb. 29, 2016shares	Oct. 31, 2014
Related Party Transaction [Line Items]
Rental Income				$ 9,000	$ 17,000
Due to Related Parties				$ 0		$ 912,000
Equity Method Investment, Ownership Percentage				90.00%					35.00%
Income (Loss) from Equity Method Investments				$ 43,000	74,000
Payments to Acquire Equity Method Investments				$ 3,500,000	$ 4,450,000
Limoneira Company [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage				47.00%			35.00%
Equity Method Investment, Additional Ownership Percentage		12.00%		12.00%
Fruticola Pan de Azucar S.A. [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties				$ 282,000
Management [Member]
Related Party Transaction [Line Items]
Land Subject to Ground Leases | a				31	31
Operating Leases, Rent Expense				$ 6,000	$ 6,000
Series B Two Preferred Stock [Member]
Related Party Transaction [Line Items]
Temporary Equity, Shares Issued | shares				9,300				9,300
Employee [Member]
Related Party Transaction [Line Items]
Rental Income				$ 177,000	188,000
Mutual Water Companies [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party				720,000	638,000
Due to Related Parties				321,000		141,000
Cooperative Association [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party				307,000	572,000
Due to Related Parties				6,000		180,000
Board Of Directors [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party				228,000	275,000
Due to Related Parties				88,000		636,000
Calavo Growers, Inc. [Member]
Related Party Transaction [Line Items]
Rental Income				72,000	71,000
Related Party Transaction, Purchases from Related Party				3,000	0
Due to Related Parties				4,000		163,000
Investment Income, Dividend				$ 285,000	270,000
Cadiz [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party	$ 1,212,000
Additional Lease Expense Gross Harvest Revenue Percentage				20.00%
Lessor Leasing Arrangements, Operating Leases, Term of Contract				20 years
Operating Leases, Rent Expense, Net, Total				$ 36,000	28,000
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 Parties				218,000	303,000
Due from Related Parties				15,000		209,000
Payments for Advance to Affiliate				2,451,000	2,757,000
Yuma Mesa Irrigation And Drainage District [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party				84,000	15,000
Due to Related Parties				0		10,000
Revenue from Related Parties				0	34,000
Lease Expense Per Acre			$ 750
Rosales [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage		35.00%
Income (Loss) from Equity Method Investments				36,000	3,000
Amortization of Intangible Assets				84,000	52,000
Payments to Acquire Equity Method Investments		$ 1,750,000
Rosales [Member] | Lemons [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party				163,000		101,000
Revenue from Related Parties				141,000	248,000
Limco Del Mar Limited [Member]
Related Party Transaction [Line Items]
Income (Loss) from Equity Method Investments				$ 163,000	183,000
Limco Del Mar Limited [Member] | General Partner [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage				1.30%
Limco Del Mar Limited [Member] | Limited Partner [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage				26.80%
Limco Del Mar Limited [Member] | Management, Development, and Accounting Services [Member]
Related Party Transaction [Line Items]
Revenue from Related Parties				$ 47,000	$ 34,000
Fenner Valley Farms, LLC [Member]
Related Party Transaction [Line Items]
Due to Related Parties				$ 120,000		$ 61,000

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Oct. 31, 2018	Jan. 31, 2018	Oct. 31, 2018	Oct. 31, 2017
Effective Income Tax Rate Reconciliation, Percent, Total		538.90%
Deferred Income Tax Expense (Benefit)		$ 10,000,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		28.20%		34.00%
Bonus Depreciation Deduction Claim Description		Company can deduct 100% of the cost of qualified property. Starting in 2023, the additional bonus depreciation is gradually phased out by 20% each year through 2027
Scenario, Plan [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount	$ 0

Retirement Plans (Details)

Retirement Plans (Details) - Pension Plan [Member] - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Administrative expenses	$ 63	$ 76
Interest cost	192	194
Expected return on plan assets	(268)	(263)
Prior service cost	11	11
Recognized actuarial loss	175	208
Net periodic benefit cost	$ 173	$ 226

Retirement Plans (Details Textu

Retirement Plans (Details Textual) - USD ($)	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension Contributions	$ 150,000	$ 275,000

Other Long-Term Liabilities (De

Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Oct. 31, 2017
Other Long-Term Liabilities [Line Items]
Minimum pension liability	$ 3,707	$ 3,858
Deferred gain and other	62	62
Other long-term liabilities	$ 3,769	$ 3,920

Series B and Series B-2 Prefe76

Series B and Series B-2 Preferred Stock (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Jan. 31, 2018	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015	Feb. 29, 2016
Temporary Equity [Line Items]
Liquidation preference per share	$ 1,000
Common Stock [Member]
Temporary Equity [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion		177,624	6,250	6,250
Series B Preferred Stock [Member]
Temporary Equity [Line Items]
Preferred stock, par value per share	$ 100
Preferred stock, shares issued	30,000
Cumulative cash dividend percentage	8.75%	8.75%
Conversion price	$ 8
Liquidation preference per share	$ 1,000
Conversion of Stock, Shares Converted		14,210	500	500
Stock Redeemed or Called During Period, Shares	14,790
Series B-2 Convertible Preferred Stock [Member]
Temporary Equity [Line Items]
Issuance of preferred stock	$ 9,300,000
Preferred stock, par value per share	$ 100
Preferred stock, shares issued	9,300				9,300
Cumulative cash dividend percentage	4.00%	4.00%
Terms of conversion	Each share of the Series B-2 Preferred Stock is convertible into common stock at a conversion price equal to the greater of (a) the then-market price of the Companys common stock based upon the closing price of the Companys common stock on the NASDAQ Stock Market, LLC or on such other principal market on which the Companys common stock may then be trading and (b) $15.00 per share of common stock. Shares of the Series B-2 Preferred Stock may be converted into common stock (i) at any time prior to the redemption thereof, or (ii) in the event the Option Agreement (as defined below) is terminated without all of the shares of Series B-2 Preferred Stock having been redeemed, within 30 calendar days following such termination.
Liquidation preference per share	$ 1,000	$ 1,000

Stock-based Compensation (Detai

Stock-based Compensation (Details) - Selling, General and Administrative Expenses [Member] - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Share-based compensation expense	$ 399	$ 264
2,015
Share-based compensation expense	$ 0	36
Shares granted	27,424
2,016
Share-based compensation expense	$ 25	64
Shares granted	44,688
2,017
Share-based compensation expense	$ 68	164
Shares granted	41,291
2,018
Share-based compensation expense	$ 306	$ 0
Shares granted	90,000

Stock-based Compensation (Det78

Stock-based Compensation (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Management [Member]
Class of Stock [Line Items]
Shares exchanged for payroll tax	17,520	14,773
Fair value of shares exchanged	$ 401,000	$ 294,000
Stock Compensation Plan [Member] | Management [Member]
Class of Stock [Line Items]
Shares granted			41,291	44,688	27,424
Common stock per share			$ 22.86	$ 19.92	$ 15.29
Cost from stock compensation			$ 944,000	$ 890,000	$ 410,000
Share-based compensation expense			$ 605,000	$ 544,000	$ 130,000
Stock Compensation Plan [Member] | Nonemployee Directors [Member]
Class of Stock [Line Items]
Shares granted	14,033	18,956
Share-based compensation expense	$ 309,000	$ 323,000
Stock Compensation Plan [Member] | Executive Officer [Member]
Class of Stock [Line Items]
Shares granted			90,000
Common stock per share			$ 22.19
Share-based compensation expense			$ 1,997,000

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Revenues from external customers	$ 31,593	$ 28,092
Intersegment revenue	0	0
Total net revenues	31,593	28,092
Costs and expenses	31,641	29,754
Depreciation and amortization	1,690	1,577
Operating income	(1,738)	(3,239)
Eliminations [Member]
Revenues from external customers	0	0
Intersegment revenue	(4,924)	(5,159)
Total net revenues	(4,924)	(5,159)
Costs and expenses	(4,924)	(5,159)
Depreciation and amortization	0	0
Operating income	0	0
Fresh Lemons [Member]
Revenues from external customers	24,976	23,312
Intersegment revenue	0	0
Total net revenues	24,976	23,312
Costs and expenses	22,890	21,249
Depreciation and amortization	0	0
Operating income	2,086	2,063
Lemon Packing [Member]
Revenues from external customers	2,833	2,677
Intersegment revenue	4,924	5,159
Total net revenues	7,757	7,836
Costs and expenses	5,724	5,731
Depreciation and amortization	0	0
Operating income	2,033	2,105
Avocados [Member]
Revenues from external customers	0	0
Intersegment revenue	0	0
Total net revenues	0	0
Costs and expenses	704	680
Depreciation and amortization	0	0
Operating income	(704)	(680)
Other Agribusiness [Member]
Revenues from external customers	2,524	780
Intersegment revenue	0	0
Total net revenues	2,524	780
Costs and expenses	2,321	2,508
Depreciation and amortization	0	0
Operating income	203	(1,728)
Total Agribusiness [Member]
Revenues from external customers	30,333	26,769
Intersegment revenue	0	0
Total net revenues	30,333	26,769
Costs and expenses	26,715	25,009
Depreciation and amortization	1,447	1,335
Operating income	2,171	425
Rental Operations [Member]
Revenues from external customers	1,260	1,323
Intersegment revenue	0	0
Total net revenues	1,260	1,323
Costs and expenses	870	866
Depreciation and amortization	195	189
Operating income	195	268
Real Estate Development [Member]
Revenues from external customers	0	0
Intersegment revenue	0	0
Total net revenues	0	0
Costs and expenses	30	85
Depreciation and amortization	0	0
Operating income	(30)	(85)
Corporate and Other [Member]
Revenues from external customers	0	0
Intersegment revenue	0	0
Total net revenues	0	0
Costs and expenses	4,026	3,794
Depreciation and amortization	48	53
Operating income	$ (4,074)	$ (3,847)

Segment Information (Details 1)

Segment Information (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Segment Reporting, Revenue Reconciling Item [Line Items]
Lemon revenues	$ 27,809	$ 25,989
Agribusiness revenues	30,333	26,769
Rental operations revenues	1,260	1,323
Real estate development revenues	0	0
Total net revenues	31,593	28,092
Intersegment revenue [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	(4,924)	(5,159)
Other agribusiness [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	2,524	780
Fresh lemons [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	24,976	23,312
Lemon packing [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	7,757	7,836
Avocados [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	0	0
Navel and Valencia oranges [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	1,343	503
Specialty citrus and other crops [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Agribusiness revenues	1,181	277
Residential And Commercial Rentals [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Rental operations revenues	850	894
Leased Land [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Rental operations revenues	328	371
Organic recycling [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Rental operations revenues	$ 82	$ 58