Limoneira (LMNR) 10-Q 10 Jun 19 2019 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Apr. 30, 2019	May 31, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Registrant Name	Limoneira CO
Entity Central Index Key	0001342423
Current Fiscal Year End Date	--10-31
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Trading Symbol	LMNR
Entity Common Stock, Shares Outstanding		17,772,753

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Apr. 30, 2019	Oct. 31, 2018
Current assets:
Cash	$ 1,491	$ 609
Accounts receivable, net	19,960	14,116
Cultural costs	2,821	5,413
Prepaid expenses and other current assets	11,808	10,528
Income taxes receivable	0	378
Total current assets	36,080	31,044
Property, plant and equipment, net	230,592	225,681
Real estate development	16,156	107,162
Equity in investments	57,470	18,698
Investment in Calavo Growers, Inc.	23,953	24,250
Other assets	19,034	14,504
Total assets	383,285	421,339
Current liabilities:
Accounts payable	10,002	6,134
Growers payable	17,029	10,089
Accrued liabilities	4,828	7,724
Current portion of long-term debt	2,915	3,127
Total current liabilities	34,774	27,074
Long-term liabilities:
Long-term debt, less current portion	93,744	76,966
Deferred income taxes	24,751	25,372
Other long-term liabilities	3,347	3,647
Sale-leaseback deferral	0	58,330
Total liabilities	156,616	191,389
Commitments and contingencies
Stockholders’ equity:
Common Stock – $0.01 par value (39,000,000 shares authorized: 17,772,753 and 17,647,135 shares issued and outstanding at April 30, 2019 and October 31, 2018, respectively)	178	176
Additional paid-in capital	159,992	159,071
Retained earnings	59,757	50,354
Accumulated other comprehensive (loss) income	(4,643)	8,965
Noncontrolling interest	575	574
Total stockholders’ equity	215,859	219,140
Total liabilities and stockholders’ equity	383,285	421,339
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 Junior Participating Preferred Stock [Member]
Stockholders’ equity:
Series A Junior Participating Preferred Stock – $0.01 par value (20,000 shares authorized: zero issued or outstanding at April 30, 2019 and October 31, 2018)	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	6 Months Ended	12 Months Ended
	Apr. 30, 2019	Oct. 31, 2018
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	39,000,000	39,000,000
Common stock, shares issued (in shares)	17,772,753	17,647,135
Common Stock, outstanding (in shares)	17,772,753	17,647,135
Series B Convertible Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 100	$ 100
Preferred stock, shares authorized (in shares)	50,000	50,000
Preferred stock, shares issued (in shares)	14,790	14,790
Preferred stock, shares outstanding (in shares)	14,790	14,790
Coupon rate	8.75%	8.75%
Series B-2 Convertible Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 100	$ 100
Preferred stock, shares authorized (in shares)	10,000	10,000
Preferred stock, shares issued (in shares)	9,300	9,300
Preferred stock, shares outstanding (in shares)	9,300	9,300
Coupon rate	4.00%	4.00%
Liquidation preference per share (in dollars per share)	$ 1,000	$ 1,000
Series A Junior Participating Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	20,000	20,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Net revenues:
Revenues	$ 42,035,000	$ 43,135,000	$ 84,053,000	$ 74,728,000
Rental operations	1,212,000	1,270,000	2,430,000	2,530,000
Total net revenues	42,035,000	43,135,000	84,053,000	74,728,000
Costs and expenses:
Rental operations	1,095,000	976,000	2,174,000	2,041,000
Selling, general and administrative	4,843,000	3,942,000	9,858,000	8,016,000
Total costs and expenses	43,040,000	33,755,000	88,078,000	67,086,000
Operating (loss) income	(1,005,000)	9,380,000	(4,025,000)	7,642,000
Other income (expense):
Interest expense	(686,000)	(284,000)	(539,000)	(794,000)
Equity in earnings of investments	1,927,000	(126,000)	1,969,000	(83,000)
Unrealized gain (loss) on stock in Calavo Growers, Inc.	3,612,000	0	(298,000)	0
Other income, net	56,000	16,000	360,000	257,000
Total other income (expense)	4,909,000	(394,000)	1,492,000	(620,000)
Income (loss) before income tax (provision) benefit	3,904,000	8,986,000	(2,533,000)	7,022,000
Income tax (provision) benefit	(1,084,000)	(2,380,000)	677,000	8,207,000
Net income (loss)	2,820,000	6,606,000	(1,856,000)	15,229,000
Net income attributable to noncontrolling interest	(5,000)	(7,000)	(22,000)	(5,000)
Net income (loss) attributable to Limoneira Company	2,815,000	6,599,000	(1,878,000)	15,224,000
Preferred dividends	(126,000)	(126,000)	(251,000)	(251,000)
Net income (loss) attributable to common stock	$ 2,689,000	$ 6,473,000	$ (2,129,000)	$ 14,973,000
Basic net income (loss) per common share (in dollars per share)	$ 0.15	$ 0.45	$ (0.12)	$ 1.04
Diluted net income (loss) per common share (in dollars per share)	$ 0.15	$ 0.44	$ (0.12)	$ 1.02
Weighted-average common shares outstanding-basic (in shares)	17,554,000	14,379,000	17,516,000	14,341,000
Weighted-average common shares outstanding-diluted (in shares)	18,225,000	15,023,000	17,516,000	14,986,000
Agribusiness [Member]
Net revenues:
Revenues	$ 40,823,000	$ 41,865,000	$ 81,623,000	$ 72,198,000
Costs and expenses:
Costs and expenses	37,078,000	28,798,000	75,994,000	56,960,000
Real estate development [Member]
Net revenues:
Revenues	0	0	0	0
Costs and expenses:
Costs and expenses	$ 24,000	$ 39,000	$ 52,000	$ 69,000

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 2,820	$ 6,606	$ (1,856)	$ 15,229
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(452)	50	443	293
Minimum pension liability adjustment, net of tax of $28, $52, $55 and $103 for the three and six months ended April 30, 2019 and 2018, respectively.	72	123	146	247
Unrealized holding gains on security available-for-sale, net of tax of $0, $589, $0 and $1,758 for the three and six months ended April 30, 2019 and 2018, respectively.	0	1,421	0	4,242
Unrealized gains from derivative instrument, net of tax of $0, $25, $0 and $67 for the three and six months ended April 30, 2019 and 2018, respectively.	0	58	0	161
Total other comprehensive (loss) income, net of tax	(380)	1,652	589	4,943
Comprehensive income (loss)	2,440	8,258	(1,267)	20,172
Comprehensive (income) loss attributable to noncontrolling interest	13	13	1	36
Comprehensive income (loss) attributable to Limoneira Company	$ 2,453	$ 8,271	$ (1,266)	$ 20,208

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Statement of Other Comprehensive Income [Abstract]
Pension liability adjustment, tax	$ 28	$ 52	$ 55	$ 103
Unrealized holding gain (loss) on security available-for-sale, tax	0	589	0	1,758
Unrealized gain (loss) from derivative instrument, tax	$ 0	$ 25	$ 0	$ 67

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]	Series B Preferred Stock [Member]	Series B Preferred Stock [Member]Retained Earnings [Member]	Series B2 Preferred Stock [Member]	Series B2 Preferred Stock [Member]Retained Earnings [Member]
Beginning balance (in shares) at Oct. 31, 2017		14,405,031
Beginning balance at Oct. 31, 2017	$ 136,793	$ 144	$ 94,294	$ 34,692	$ 7,076	$ 587
Beginning balance, temporary equity at Oct. 31, 2017							$ 1,479		$ 9,331
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends Common	(908)			(908)
Dividends							(32)	$ (32)	(93)	$ (93)
Stock compensation (in shares)		145,441
Stock compensation	709	$ 1	708
Exchange of common stock (in shares)		(17,520)
Exchange of common stock	(401)		(401)
Net (loss) income	8,623			8,625		(2)
Other comprehensive income, net of tax	3,316				3,291	25
Ending balance (in shares) at Jan. 31, 2018		14,532,952
Ending balance at Jan. 31, 2018	148,007	$ 145	94,601	42,284	10,367	610
Ending balance, temporary equity at Jan. 31, 2018							1,479		9,331
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends Common	(908)			(908)
Dividends							(33)	(33)	(93)	(93)
Stock compensation (in shares)		0
Stock compensation	230	$ 0	230
Net (loss) income	6,606			6,599		7
Other comprehensive income, net of tax	1,658				1,652	6
Ending balance (in shares) at Apr. 30, 2018		14,532,952
Ending balance at Apr. 30, 2018	155,467	$ 145	94,831	47,849	12,019	623
Ending balance, temporary equity at Apr. 30, 2018							1,479		9,331
Beginning balance (in shares) at Oct. 31, 2018		17,647,135
Beginning balance at Oct. 31, 2018	219,140	$ 176	159,071	50,354	8,965	574
Beginning balance, temporary equity at Oct. 31, 2018							1,479		9,331
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends Common	(1,332)			(1,332)
Dividends							(32)	(32)	(93)	(93)
Stock compensation (in shares)		145,737
Stock compensation	791	$ 2	789
Exchange of common stock (in shares)		(20,119)
Exchange of common stock	(305)		(305)
Net (loss) income	(4,676)			(4,693)		17
Other comprehensive income, net of tax	957				969	(12)
Ending balance (in shares) at Jan. 31, 2019		17,772,753
Ending balance at Jan. 31, 2019	214,450	$ 178	159,555	58,401	(4,263)	579
Ending balance, temporary equity at Jan. 31, 2019							1,479		9,331
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends Common	(1,333)			(1,333)
Dividends							(33)	$ (33)	(93)	$ (93)
Stock compensation (in shares)		0
Stock compensation	437	$ 0	437
Net (loss) income	2,820			2,815		5
Other comprehensive income, net of tax	(389)				(380)	(9)
Ending balance (in shares) at Apr. 30, 2019		17,772,753
Ending balance at Apr. 30, 2019	$ 215,859	$ 178	$ 159,992	$ 59,757	$ (4,643)	$ 575
Ending balance, temporary equity at Apr. 30, 2019							$ 1,479		$ 9,331

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Apr. 30, 2019	Jan. 31, 2019	Apr. 30, 2018	Jan. 31, 2018
Dividends common stock (in dollars per share)	$ 0.075	$ 0.075	$ 0.0625	$ 0.0625
Series B Preferred Stock [Member]
Dividends preferred stock (in dollars per share)	2.19	2.19	2.19	2.19
Series B2 Preferred Stock [Member]
Dividends preferred stock (in dollars per share)	$ 10	$ 10	$ 10	$ 10

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Operating activities
Net (loss) income	$ (1,856,000)	$ 15,229,000
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	4,247,000	3,434,000
(Gain) loss on disposals of assets	(11,000)	193,000
Gain on sales of real estate development assets	0	(25,000)
Stock compensation expense	1,228,000	939,000
Equity in earnings of investments	(1,969,000)	83,000
Cash distributions from equity investments	282,000	0
Deferred income taxes	(642,000)	(10,781,000)
Accrued interest on notes receivable	(92,000)	(83,000)
Unrealized loss on stock in Calavo Growers, Inc.	298,000	0
Changes in operating assets and liabilities:
Accounts receivable	(5,838,000)	(6,284,000)
Cultural costs	2,608,000	2,112,000
Prepaid expenses and other current assets	(1,409,000)	(1,052,000)
Income taxes receivable	378,000	0
Other assets	(130,000)	25,000
Accounts payable and growers payable	9,947,000	2,244,000
Accrued liabilities	(2,927,000)	1,000,000
Other long-term liabilities	(96,000)	49,000
Net cash provided by operating activities	4,018,000	7,083,000
Investing activities
Capital expenditures	(8,151,000)	(5,420,000)
Purchase of real estate development parcel	0	(1,444,000)
Net proceeds from sales of real estate development assets	0	1,543,000
Agriculture property acquisition	(397,000)	0
Payments to FGF Trapani (See Note 19)	(4,000,000)	0
Collections of installments on note receivable	150,000	0
Equity investment contributions	(4,000,000)	(3,500,000)
Investments in mutual water companies	(16,000)	(16,000)
Net cash used in investing activities	(16,414,000)	(8,837,000)
Financing activities
Borrowings of long-term debt	58,340,000	41,801,000
Repayments of long-term debt	(41,844,000)	(37,564,000)
Dividends paid – common	(2,665,000)	(1,816,000)
Dividends paid – preferred	(251,000)	(251,000)
Exchange of common stock	(305,000)	(401,000)
Net cash provided by financing activities	13,275,000	1,769,000
Effect of exchange rate changes on cash	3,000	(14,000)
Net increase in cash	882,000	1,000
Cash at beginning of period	609,000	492,000
Cash at end of period	1,491,000	493,000
Supplemental disclosures of cash flow information
Cash paid during the period for interest (net of amounts capitalized)	1,327,000	1,150,000
Cash paid during the period for income taxes, net of (refunds)	130,000	100,000
Non-cash investing and financing activities:
Unrealized holding gain on Calavo investment	0	(6,000,000)
(Decrease) increase in real estate development and sale-leaseback deferral	(58,330,000)	8,425,000
Reclassification from real estate development to equity in investments	(33,353,000)	0
Increase in equity in investments and other long-term liabilities	0	750,000
Non-cash issuance of note receivable	0	3,000,000
Non-cash reduction of note receivable	0	68,000
Capital expenditures accrued but not paid at period-end	400,000	299,000
Accrued contribution obligation of investment in water company	450,000	315,000
Accrued Series B-2 Convertible Preferred Stock dividends	31,000	31,000
Non-cash issuance of note payable	$ 0	$ 1,435,000

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Parenthetical) $ in Thousands	1 Months Ended
	Feb. 28, 2018USD ($)	Dec. 31, 2017USD ($)	Oct. 31, 2017USD ($)	Feb. 28, 2013a
East Areas II [Member]
Conversion of Stock [Line Items]
Area of real estate property | a				7
Real estate investment property, net	$ 3,145
Payments to acquire and develop real estate	1,444
Notes payable	$ 1,435
Centennial Property [Member]
Conversion of Stock [Line Items]
Real estate development held for sale			$ 3,250
Proceeds from sale of real estate held-for-investment		$ 179
Proceeds from issuance of debt		$ 3,000

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
	Apr. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	Organization and Basis of Presentation Business Limoneira Company (together with its consolidated subsidiaries, 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 its oranges, specialty citrus and other crops to Sunkist-licensed and other third-party packinghouses. The Company sells all of its avocado production to Calavo Growers, Inc. (“Calavo”), a packing and marketing company listed on the NASDAQ Global Select Market under the symbol CVGW. Calavo’s customers include many of the largest retail and food service companies in the United States and Canada. The Company’s avocados are packed by Calavo, which are then sold and distributed under Calavo brands to its customers. Basis of Presentation and Preparation The accompanying 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. Intercompany accounts and transactions have been eliminated. In the opinion of the Company, the unaudited interim consolidated financial statements reflect all adjustments, which are normal and recurring in nature, necessary for fair financial statement presentation. The preparation of these unaudited interim consolidated financial statements and accompanying notes in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. Certain information and footnote disclosures normally included in the annual consolidated financial statements have been condensed or omitted pursuant to the rules and regulations of the SEC. Because the consolidated financial statements do not include all of the information and notes required by GAAP for a complete set of consolidated financial statements, they should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Apr. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Revenue Recognition On November 1, 2018, the Company adopted Financial Accounting Standards Board (“FASB”) – Accounting Standards Update (“ASU”) ASU 2014-09, Revenue from Contracts with Customers (Topic 606), that amends the guidance for the recognition of revenue from contracts with customers. The results for the reporting period beginning after November 1, 2018 are presented in accordance with the new standard which was adopted using the modified-retrospective method and applied to those contracts that were not completed as of November 1, 2018. There was no net effect of applying the standard and therefore no cumulative adjustment to retained earnings was necessary at the date of initial application. As a result comparative information has not been restated and the results for the reporting periods before November 1, 2018 continue to be reported under the accounting standards and policies in effect for those periods. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: • Identify the contract(s) with a customer. • Identify the performance obligations in the contract. • Determine the transaction price. • Allocate the transaction price to the performance obligations in the contract. • Recognize revenue when (or as) the entity satisfies a performance obligation. The Company determined the appropriate method by which it recognizes revenue by analyzing the nature of the products or services being provided as well as the terms and conditions of contracts or arrangements entered into with its customers. The Company accounts 2. Summary of Significant Accounting Policies (continued) Revenue Recognition (continued) for a contract when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable. A contract's transaction price is allocated to each distinct good or service (i.e., performance obligation) identified in the contract and each performance obligation is valued based on its estimated relative standalone selling price. The Company recognizes the majority of its revenue at a point in time when it satisfies a performance obligation and transfers control of the product to the respective customer. The amount of revenue that is recognized is based on the transaction price, which represents the invoiced amount and includes estimates of variable consideration such as allowances for estimated customer discounts or concessions, where applicable. The amount of variable consideration included in the transaction price may be constrained and is included only to the extent that it is probable that a significant reversal in the amount of the cumulative revenue recognized under the contract will not occur in a future period. Upon adoption, the Company changed the accounting of certain brokered fruit sales. Under previous guidance, the Company was considered an agent and recorded revenues for certain brokered fruit sales and the costs of such fruit on a net basis in its consolidated statement of operations. Under the new revenue recognition standard, the Company is considered a principal in the transaction and revenues are recorded on a gross basis in the Company’s consolidated statement of operations with the related cost of such fruit included in agribusiness costs and expenses. This change resulted in the recognition of additional agribusiness revenue and agribusiness costs and expenses of $162,000 and $168,000 , respectively, during the three months ended April 30, 2019 and $456,000 and $420,000 , respectively, during the six months ended April 30, 2019 . Had it used the previous revenue recognition guidance, the Company would have recorded insignificant net agribusiness revenue for the three and six months ended April 30, 2019 . No cumulative adjustment to retained earnings was necessary as there is no net effect of applying the standard. Agribusiness revenue - Revenue from lemon sales is generally recognized at a point in time when the customer takes control of the fruit from the Company’s packinghouse, which aligns with the transfer of title to the customer. The Company has elected to treat any shipping and handling costs incurred after control of the goods has been transferred to the customer as agribusiness costs. The Company’s avocados, oranges, specialty citrus and other specialty crops are packed and sold by Calavo and other third-party packinghouses. The Company delivers all of its avocado production from its orchards to Calavo. These avocados are then packed by Calavo at its packinghouse and sold and distributed under Calavo brands to its customers primarily in the United States and Canada. The Company’s arrangements with other third-party packinghouses related to its oranges, specialty citrus and other specialty crops are similar to its arrangement with Calavo. The Company’s arrangements with its third-party packinghouses are such that the Company is the producer and supplier of the product and the third-party packinghouses are the Company’s customers. The revenues the Company recognizes related to the fruits sold to the third-party packinghouses are based on the volume and quality of the fruits delivered, the market price for such fruit, less the packinghouses’ charges to pack and market the fruit. Such packinghouse charges include the grading, sizing, packing, cooling, ripening and marketing of the related fruit. The Company controls the product until it is delivered to the third-party packinghouses at which time control of the product is transferred to the third-party packinghouses and revenue is recognized. Such third-party packinghouse charges are recorded as a reduction of revenue as they are not for distinct services. The identifiable benefit the Company receives from the third-party packinghouses for packaging and marketing services cannot be sufficiently separated from the third-party packinghouses’ purchase of the Company’s products. In addition, the Company is not able to reasonably estimate the fair value of the benefit received from the third-party packinghouses for such services and as such, these costs are characterized as a reduction of revenue in the Company’s consolidated statements of operations. Revenue from the sales of certain of the Company’s agricultural products is recorded based on estimated proceeds provided by certain of the Company’s sales and marketing partners (Calavo and other third-party packinghouses) due to the time between when the product is delivered by the Company and the closing of the pools for such fruits at the end of each month or harvest period. Calavo and other third-party packinghouses are agricultural cooperatives or function in a similar manner as an agricultural cooperative. The Company estimates the variable consideration using the most likely amount method, with the most likely amount being the quantities actually shipped extended by the prices reported by Calavo and other third-party packinghouses. Revenue is recognized at time of delivery to the packinghouses relating to fruits that are in pools that have not yet closed at month end if: (a) the related fruits have been delivered 2. Summary of Significant Accounting Policies (continued) Revenue Recognition (continued) to and accepted by Calavo and other third-party packinghouses (i.e., Calavo and other third-party packinghouses obtain control) and (b) sales price information has been provided by Calavo and other third-party packinghouses (based on the marketplace activity for the related fruit) to estimate with reasonable certainty the final selling price for the fruit upon the closing of the pools. In such instances the Company has the present right to payment and Calavo and other third-party packinghouses have the present right to direct the use of, and obtain substantially all of the remaining benefits from, the delivered fruit. The Company does not expect that there is a high likelihood that a significant reversal in the amount of cumulative revenue recognized in the early periods of the pool will occur once the final pool prices have been reported by the packinghouses. Historically, the revenue that is recorded based on the sales price information provided to the Company by Calavo and other third-party packinghouses at the time of delivery, have not materially differed from the actual amounts that are paid after the monthly or harvest period pools are closed. The Company has entered into brokerage arrangements with third-party international packinghouses. In certain of these arrangements, the Company has the exclusive ability to direct the use of and obtains substantially all of the remaining benefits from the fruit, and is therefore acting as a principal. As such, the Company records the related revenue and costs of the fruit gross in the consolidated statement of operations. Revenue from crop insurance proceeds is recorded when the amount can be reasonably determined and upon establishment of the present right to payment. Rental Revenue - Minimum rental revenues are generally recognized on a straight-line basis over the respective initial lease term. Contingent rental revenues are contractually defined as to the percentage of rent received by the Company and are based on fees collected by the lessee. Such revenues are recognized when actual results, based on collected fees reported by the tenant, are received. The Company's rental arrangements generally require payment on a monthly or quarterly basis. Real Estate Development Revenue - The Company recognizes revenue on real estate development projects with customers at a point in time (i.e., the closing) when the Company satisfies the single performance obligation and transfers control of such real estate to a buyer. The transaction price, which is the amount of consideration the Company receives upon delivery of the completed real estate to the buyer, is allocated to this single obligation and is received at closing. Real estate development projects with non-customers are accounted for in accordance with Accounting Standards Code (“ASC”) 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets . Recent Accounting Pronouncements 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. The Company’s adoption of this ASU on November 1, 2018 resulted in a cumulative-effect adjustment to the statement of financial position, with the Company reclassifying unrealized holding gains of $15,921,000, net of taxes, in Calavo common stock to retained earnings from accumulated other comprehensive income ("AOCI") at the date of adoption. In addition, the change in the fair value of Calavo common stock has been disclosed as a separate line item in the statement of operations subsequent to the adoption of ASU 2016-01. FASB ASU 2016-02, Leases (Topic 842) 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: 2. Summary of Significant Accounting Policies (continued) Recent Accounting Pronouncements (continued) • 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, 2020. 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. Note 20 – Commitments and Contingencies of the notes to consolidated financial statements included in the Company's 2018 Annual Report on Form 10-K describes its operating lease arrangements as of October 31, 2018 . 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. The Company’s adoption of this ASU during the first quarter of fiscal year 2019 had no material impact 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 This amendment provides 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 (the "2017 Act") (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 amendment 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 2017 Act is recognized. The Company early adopted this ASU on November 1, 2018, and as a result recorded a cumulative-effect reclassification in the statement of financial position to retained earnings from AOCI at the date of adoption of $1,724,000 related to the investment in Calavo and pension liability. FASB ASU 2018-14, Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans This amendment adds, removes and clarifies the disclosure requirements for employers that sponsor defined benefit pension or other post retirement plans. 2. Summary of Significant Accounting Policies (continued) Recent Accounting Pronouncements (continued) For public business entities, the amendments are effective for fiscal years ending after December 15, 2020. Early adoption is permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements. SEC Amendments to Certain Disclosure Requirements In August 2018, the SEC adopted amendments to certain disclosure requirements for a number of SEC rules, including Rule 3-04 of Regulation S-X. Rule 3-04 requires that a public registrant’s Form 10-Q include a reconciliation of changes in stockholders’ equity for each period for which a statement of comprehensive income is required to be filed. These amendments are effective for interim periods beginning after November 5, 2018, therefore the Company has included a separate statement of stockholders’ equity and temporary equity in this Quarterly Report on Form 10-Q.

Acquisitions

Acquisitions	6 Months Ended
	Apr. 30, 2019
Business Combinations [Abstract]
Acquisitions	Acquisitions Agriculture Property Acquisition In January 2019, the Company purchased land for use as a citrus orchard for a cash purchase price of $397,000 . The acquisition was for 26 acres of agricultural property adjacent to the Company’s orchards in Lindsay, California. This agriculture property acquisition is included in property, plant and equipment on the Company’s consolidated balance sheet. San Pablo On July 18, 2018, the Company completed the acquisition of San Pablo ranch and related assets in La Serena, Chile, for $13,000,000 . The San Pablo ranch consists of 3,317 acres on two parcels, including 247 acres producing lemons, 61 acres producing oranges, the opportunity to immediately plant 120 acres for lemon production, as well as the potential for approximately 500 acres of avocado production. This acquisition was accounted for as an asset purchase and is included in property, plant and equipment in the Company’s consolidated balance sheet. In addition, transaction costs of $111,000 were capitalized as part of total acquisition costs. Below is a summary of the fair value of the net assets acquired on the acquisition date based on a third-party valuation (in thousands): Cultural costs $ 579 Land and land improvements 9,114 Buildings and equipment 207 Orchards 2,058 Water rights 1,153 Total assets acquired $ 13,111 The unaudited, pro forma consolidated statement of operations as if San Pablo had been included in the consolidated results of the Company for the year ended October 31, 2018 results in revenue of $130,262,000 and net income of $18,785,000 . Business Combinations Oxnard Lemon On July 24, 2018, the Company and Oxnard Lemon Associates, Ltd., a California limited partnership (“Seller”), entered into an Asset Purchase Agreement (the “Purchase Agreement”). Pursuant to the Purchase Agreement, on July 26, 2018 (the “Initial Closing Date”), the Company acquired certain tangible assets of seller, including a packinghouse and related land (“Oxnard Lemon”), for a purchase price of $24,750,000 (the “Initial Acquisition”). Pursuant to the Purchase Agreement, the closing on the purchase and sale of the intangible assets of Seller, including Seller’s trade names, trademarks and copyrights, took place on October 31, 2018 (the “Final Closing Date”), at which point an additional $250,000 in purchase price was paid to Seller by the Company. The aggregate purchase price for the tangible assets and the intangible assets provided in the Purchase Agreement was $25,000,000 . Additionally, the Purchase 3. Acquisitions (continued) Business Combinations Agreement provided that Seller lease back the tangible assets from the Company until the Final Closing Date, pursuant to a lease executed on the Initial Closing Date. Transaction costs of $142,000 were included in selling, general and administrative expense. Below is a summary of the fair value of the net assets acquired on the acquisition date based on a third-party valuation (in thousands): Land and land improvements $ 7,294 Buildings and equipment 14,866 Customer relationships and trade names 2,270 Goodwill 570 Total assets acquired $ 25,000 The unaudited, pro forma consolidated statement of operations as if Oxnard Lemon had been included in the consolidated results of the Company for the year ended October 31, 2018 in revenue of $142,253,000 and net income of $19,728,000 .

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Apr. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	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). The following table sets forth the Company’s financial assets and liabilities as of April 30, 2019 and October 31, 2018 , which are measured on a recurring basis during the period, segregated by level within the fair value hierarchy (in thousands): April 30, 2019 Level 1 Level 2 Level 3 Total Assets at fair value: Equity securities $ 23,953 $ — $ — $ 23,953 October 31, 2018 Level 1 Level 2 Level 3 Total Assets at fair value: Equity securities $ 24,250 $ — $ — $ 24,250 Equity securities consist of marketable securities in Calavo common stock. At April 30, 2019 and October 31, 2018 , the Company owned 250,000 shares, representing approximately 1.4% of Calavo’s outstanding common stock. These securities are measured at fair value by quoted market prices and changes in fair value are included in the statement of operations subsequent to the adoption of ASU 2016-01. With the adoption of FASB ASU 2016-01 on November 1, 2018, changes in the fair value of the marketable securities result in gains or losses recognized in net income. The Company recorded an unrealized gains (losses) of $3,612,000 and $(298,000) during the three and six months ended April 30, 2019 , respectively, which is included in other income (expense) in the consolidated statements of operations. The Company recorded unrealized holding gains of $2,010,000 ( $1,421,000 net of tax) and $6,000,000 ( $4,242,000 net of tax), during the three and six months ended April 30, 2018 , which were included in AOCI in the consolidated balance sheet. Calavo’s stock price at April 30, 2019 and October 31, 2018 was $95.81 and $97.00 per share, respectively. Prior to the adoption of ASU 2016-01, these equity securities were classified as available-for-sale securities and changes in fair value were recorded in AOCI net of tax.

Concentrations

Concentrations	6 Months Ended
	Apr. 30, 2019
Risks and Uncertainties [Abstract]
Concentrations	Concentrations Lemons procured from third-party growers were 59% and 43% of lemon supply in the three months ended April 30, 2019 and 2018 , respectively. Lemons procured from third-party growers were 59% and 47% of lemon supply in the six months ended April 30, 2019 and 2018 , respectively, of which one third-party grower was 10% of lemon supply at April 30, 2019 . The Company sells all of its avocado production to Calavo and the majority of its oranges and specialty citrus to a third-party packing house.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	6 Months Ended
	Apr. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	repaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following (in thousands): April 30, October 31, 2018 Prepaid insurance $ 779 $ 647 Prepaid supplies 1,165 1,196 Lemon supplier advances 508 170 Note receivable, net 2,552 2,797 Real estate development held for sale 5,024 5,024 Water assessment fees and other 1,780 694 $ 11,808 $ 10,528

Real Estate Development

Real Estate Development	6 Months Ended
	Apr. 30, 2019
Real Estate [Abstract]
Real Estate Development	Real Estate Development Real estate development assets are comprised primarily of land and land development costs and consist of the following (in thousands): April 30, October 31, East Area I $ — $ 91,357 Retained Property - East Area I 10,613 10,408 East Area II 5,543 5,397 $ 16,156 $ 107,162 East Area I, Retained Property and East Area 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 acres of land into residential units, commercial buildings and civic facilities. 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% interest in the LLC to Lewis for $20,000,000 . 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 transferred certain contributed East Area I property, which is entitled for commercial development, back to the Company (the "Retained Property") and arranged for the design and construction of certain improvements to the Retained Property, subject to certain reimbursements by the Company. In August 2018, the Retained Property, was transferred back to the Company. The net carrying value of the Retained Property as of April 30, 2019 and October 31, 2018 was $10,613,000 and $10,408,000 , respectively, and classified as real estate development. 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 would 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 required the property for development. In December 2018, the Company terminated the Lease Agreement pursuant to the terms therein. 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 was considered a sale-leaseback transaction under FASB ASC 840 , Leases, because of the Company’s continuing involvement in the property in the form of its agricultural operations. Accordingly, the property was carried on 7. Real Estate Development (continued) East Area I, Retained Property and East Area II (continued) the consolidated balance sheet as real estate development, rather than being classified as an equity investment and a sale-leaseback deferral had been recorded for the $20,000,000 payment made by Lewis for the purchase of the LLC interest. Lease expense associated with the Lease Agreement was not required under sale-leaseback accounting since the Company was treated as though it continued to own the property. During the three and six months ended April 30, 2018 , the Company recorded $5,699,000 and $8,425,000 , respectively, of real estate development costs and corresponding increases in the sale-leaseback deferral to recognize real estate development costs capitalized by the LLC. There were no repayment requirements for the sale-leaseback deferral. When the Lease Agreement was terminated in December 2018 control of the property transferred to the Joint Venture and therefore, the Company reduced the sale lease-back deferral and corresponding real estate development by $58,330,000 and reclassified $33,353,000 to equity in investments upon derecognition of the real estate development. As the fair value of the Company’s ownership interest in the Joint Venture approximated the Company’s historical basis in the real estate development at the inception of the Joint Venture, no gain or loss was recorded. The Company made contributions to the Joint Venture of $4,000,000 and $3,500,000 in the six months ended April 30, 2019 and 2018 , respectively. Additionally, the Company recorded equity income, net of amortization of basis differences, of $2,270,000 for both the three and six months ended April 30, 2019 . In February and March 2019, the Company announced that its Joint Venture with Lewis closed the sales of the initial residential lots representing a total of 174 residential units. Templeton Santa Barbara, LLC The real estate development parcels within the Templeton Santa Barbara, LLC project are described as The Terraces at Pacific Crest (“Pacific Crest”), and Sevilla. The net carrying values of Pacific Crest and Sevilla were $2,481,000 and $2,543,000 , respectively, as of April 30, 2019 and October 31, 2018 . These projects were idle during the six months ended April 30, 2019 and 2018 and, as such, no costs were capitalized and expenses were insignificant. In October 2018, the Company began negotiations to sell its Pacific Crest and Sevilla properties for a combined total price of $5,200,000 . As a result, the Company recorded impairment charges on Pacific Crest and Sevilla of $769,000 and $789,000 , respectively, in October 2018. These negotiations have not resulted in a sale and the Company is actively marketing these properties. At April 30, 2019 and October 31, 2018 , the $2,481,000 carrying value of Pacific Crest and the $2,543,000 carrying value of Sevilla were classified as held for sale and included in prepaid expenses and other current assets.

Equity in Investments

Equity in Investments	6 Months Ended
	Apr. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Equity in Investments	Equity in Investments Equity in investments consist of the following (in thousands): April 30, October 31, 2018 Limoneira Lewis Community Builders, LLC $ 53,416 $ 14,060 Limco Del Mar, Ltd. 2,001 1,935 Rosales 1,543 2,191 Romney Property Partnership 510 512 $ 57,470 $ 18,698 The Rosales equity investment includes the Company’s 35% interest acquired in fiscal year 2014 and an additional 12% interest acquired with the purchase of PDA in fiscal year 2017. The Company’s investment in Rosales is accounted for using the equity method of accounting based on the sum of its direct and indirect ownership. The Limoneira Lewis Community Builders, LLC investment balance includes the value of the Company's ownership interest in the Joint Venture as described in Note 7 - Real Estate Development. 8. Equity in Investments (continued) Unconsolidated Significant Subsidiary The LLC investment balance includes the value of the Company's ownership interest in the LLC. In accordance with Rule 10-01(b)(1) of Regulation S-X, which applies for interim reports on Form 10-Q, the Company must determine if its equity method investees are considered, “significant subsidiaries”. In evaluating its investments, there are two tests utilized to determine if equity method investees are considered significant subsidiaries: the income test and the investment test. Rule 10-01(b)(1) of Regulation S-X requires summarized income statement information of an equity method investee in an interim report if either of the two tests exceed 20%. During the current quarter, this threshold was met for the LLC and thus requires summarized income statement information in this Quarterly Report on Form 10-Q. The following is unaudited summarized financial information for the LLC (in thousands): Six Months Ended April 30, 2019 2018 Revenues $ 30,354 $ — Cost of land sold 22,005 — Operating expenses 107 83 Net income (loss) $ 8,242 $ (83 ) Net income (loss) attributable to Limoneira Company $ 3,481 $ (83 )

Other Assets

Other Assets	6 Months Ended
	Apr. 30, 2019
Other Assets [Abstract]
Other Assets	Other Assets Other assets consist of the following (in thousands): April 30, October 31, 2018 Investments in mutual water companies $ 5,486 $ 5,026 Acquired water and mineral rights 3,841 3,783 Deposit for land purchase 608 593 Deferred lease assets and other 335 396 Notes receivable 815 566 Revolving funds and memberships 244 267 Acquired trade names, trademarks and customer relationships 2,270 2,442 Goodwill 1,435 1,431 Payments to FGF Trapani 4,000 — $ 19,034 $ 14,504

Accrued Liabilities

Accrued Liabilities	6 Months Ended
	Apr. 30, 2019
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consist of the following (in thousands): April 30, October 31, 2018 Compensation $ 2,258 $ 2,784 Property taxes 21 785 Interest 342 297 Deferred rental income and deposits 460 497 Lease expense 78 378 Lemon supplier payables 53 1,214 Capital expenditures and other 1,616 1,769 $ 4,828 $ 7,724

Long-Term Debt

Long-Term Debt	6 Months Ended
	Apr. 30, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt is comprised of the following (in thousands): April 30, October 31, 2018 Farm Credit West revolving and non-revolving lines of credit: the interest rate of the revolving line of credit is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 2.50% at April 30, 2019, plus 1.60%. Effective July 1, 2018, the interest rate for the $40.0 million outstanding balance of the non-revolving line of credit was fixed at 4.77%. Interest is payable monthly and the principal is due in full on July 1, 2022. $ 69,142 $ 50,888 Farm Credit West term loan: the interest rate is variable and was 4.95% at April 30, 2019. The loan is payable in quarterly installments through November 2022. 2,321 2,602 Farm Credit West term loan: the interest rate is variable and was 4.95% at April 30, 2019. The loan is payable in monthly installments through October 2035. 1,100 1,122 Farm Credit West term loan: the interest rate is fixed at 4.70%. The loan is payable in monthly installments though March 2036. 9,000 9,172 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. 6,666 6,808 Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023. 5,667 6,367 Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 1,470 1,857 Note Payable: the interest rate ranges from 5.00% to 7.00% and was 5.50% at April 30, 2019. The loan includes interest-only monthly payments and principal is due in February 2023. 1,435 1,435 Subtotal 96,801 80,251 Less deferred financing costs, net of accumulated amortization 142 158 Total long-term debt, net 96,659 80,093 Less current portion 2,915 3,127 Long-term debt, less current portion $ 93,744 $ 76,966 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 to $75,000,000 . The Supplements provide aggregate borrowing capacity of $115,000,000 comprised of $75,000,000 under the Revolving Credit Supplement and $40,000,000 under the Non-Revolving Credit Supplement. The borrowing capacity based on collateral value was $115,000,000 at April 30, 2019 . 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. Interest is capitalized on non-bearing orchards, real estate development projects and significant construction in progress. The Company capitalized interest of $344,000 and $372,000 during the three months ended April 30, 2019 and 2018 , respectively, and $611,000 and $949,000 during the six months ended April 30, 2019 and 2018 , respectively. Capitalized interest is included in property, plant and equipment and real estate development in the Company’s consolidated balance sheets.

Basic and Diluted Net (Loss) In

Basic and Diluted Net (Loss) Income per Share	6 Months Ended
	Apr. 30, 2019
Earnings Per Share [Abstract]
Basic and Diluted Net (Loss) Income per Share	Basic and Diluted Net (Loss) Income 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. The computations for basic and diluted net (loss) income per common share are as follows (in thousands, except per share amounts): Three Months Ended April 30, Six Months Ended April 30, 2019 2018 2019 2018 Basic net income (loss) per common share: Net income (loss) applicable to common stock $ 2,689 $ 6,473 $ (2,129 ) $ 14,973 Effect of unvested, restricted stock (16 ) (10 ) (33 ) (19 ) Numerator: Net income (loss) for basic EPS 2,673 6,463 (2,162 ) 14,954 Denominator: Weighted average common shares-basic 17,554 14,379 17,516 14,341 Basic net income (loss) per common share $ 0.15 $ 0.45 $ (0.12 ) $ 1.04 Diluted net income (loss) per common share: Numerator: Net income (loss) for diluted EPS $ 2,815 $ 6,599 $ (2,162 ) $ 15,224 Weighted average common shares–basic 17,554 14,379 17,516 14,341 Effect of dilutive unvested, restricted stock and preferred stock 671 644 — 645 Denominator: Weighted average common shares–diluted 18,225 15,023 17,516 14,986 Diluted net income (loss) per common share $ 0.15 $ 0.44 $ (0.12 ) $ 1.02 Diluted (losses) earnings per common share are computed using the more dilutive method of either the two-class method or the treasury method. Unvested stock-based compensation awards that contain non-forfeitable rights to dividends as participating shares are included in computing earnings per share. The Company’s unvested, restricted stock awards qualify as participating shares. The Company excluded 140,000 and 94,000 , unvested, restricted shares, as calculated under the treasury stock method, from its computation of diluted (losses) earnings per share for the three months ended April 30, 2019 and 2018 , respectively, and 219,000 and 93,000 for the six months ended April 30, 2019 and 2018 , respectively.

Related-Party Transactions

Related-Party Transactions	6 Months Ended
	Apr. 30, 2019
Related Party Transactions [Abstract]
Related-Party Transactions	Related-Party Transactions The Company rents certain of its residential housing assets to employees on a month-to-month basis. The Company recorded $182,000 and $178,000 of rental revenue from employees in the three months ended April 30, 2019 and 2018 , respectively, and $360,000 and $355,000 in the six months ended April 30, 2019 and 2018 , respectively. There were no rental payments due from employees at April 30, 2019 or October 31, 2018 . 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 $81,000 and $166,000 in the three months ended April 30, 2019 and 2018 , respectively, and $858,000 and $886,000 in the six months ended April 30, 2019 and 2018 , respectively. Capital contributions are included in other assets in the Company’s consolidated balance sheets and purchases of water and water delivery services are included in agribusiness expense in the Company’s consolidated statements of operations. Water payments due to the mutual water companies were, in aggregate, $681,000 and $142,000 at April 30, 2019 and October 31, 2018 , respectively. 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 $540,000 and $508,000 from the association in the three months ended April 30, 2019 and 2018 , respectively, and $856,000 and $815,000 in the six months ended April 30, 2019 and 2018 , respectively, which are included in agribusiness expense in the Company’s consolidated statements of operations. Payments due to the cooperative were $185,000 and $142,000 at April 30, 2019 and October 31, 2018 , respectively. 13. Related-Party Transactions (continued) The Company has an investment in and representation on the board of directors of Calavo and Calavo has an investment in and had representation on the board of directors of the Company. The Company recorded dividend income of $250,000 and $285,000 in the six months ended April 30, 2019 and 2018 , respectively, on its investment in Calavo, which is included in other income (expense), net in the Company’s consolidated statements of operations. The Company paid $255,000 and $216,000 of dividends to Calavo for the six months ended April 30, 2019 and 2018 , respectively. The Company had $540,000 and $935,000 in avocado sales to Calavo for the three months ended April 30, 2019 and 2018 , respectively, and $543,000 and $935,000 for the six months ended April 30, 2019 and 2018 , respectively. which are included in agribusiness revenues in the Company's consolidated statements of operations. There were $467,000 and zero amounts receivable by the Company from Calavo at April 30, 2019 and October 31, 2018 , respectively. The Company leases office space to Calavo and received rental income of $80,000 and $73,000 in the three months ended April 30, 2019 and 2018 , respectively, and $159,000 and $145,000 in the six months ended April 30, 2019 and 2018 , respectively, which is included in rental operations revenues in the Company’s consolidated statements of operations. The Company purchased $1,000 and $4,000 of storage services from Calavo in the six months ended April 30, 2019 and 2018 , respectively. Amounts due to Calavo at April 30, 2019 and October 31, 2018 were zero and $3,000 , respectively. Certain members of the Company’s board of directors market lemons through the Company. The aggregate amount of lemons procured from entities owned or controlled by members of the board of directors was $232,000 and $1,158,000 in the three months ended April 30, 2019 and 2018 , respectively, and $609,000 and $1,386,000 in the six months ended April 30, 2019 and 2018 , respectively, which are included in agribusiness expense in the Company’s consolidated statements of operations. Payments due to these board members were $500,000 and $487,000 at April 30, 2019 and October 31, 2018 , respectively. Additionally, the Company leases approximately 31 acres of orchards from entities affiliated with a member on the board of directors and incurred $23,000 and $11,000 of lease expense related to these leases in the six months ended April 30, 2019 and 2018 , respectively. 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 years and the annual base rental rate is equal to the sum of $200 per planted acre and 20% of gross revenues from the sale of harvested lemons (less operating expenses) not to exceed $1,200 per acre per year. A member of the Company’s board of directors serves as the CEO, President and a member of the board of directors of Cadiz Inc. Additionally, this board member is an attorney with a law firm that provided services of $12,000 and $10,000 to the Company during the three months ended April 30, 2019 and 2018 , respectively, and $14,000 and $19,000 during the six months ended April 30, 2019 and 2018 , respectively. Payments due to the law firm were zero and $67,000 at April 30, 2019 and October 31, 2018 , respectively. The Company incurred lease and farming expenses of $22,000 and $50,000 in the three months ended April 30, 2019 and 2018 , respectively, and $88,000 and $86,000 in the six months ended April 30, 2019 and 2018 , respectively, which are recorded in agribusiness expense in the Company’s consolidated statements of operations. 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 to acquire existing lemon trees and irrigations systems from Cadiz and a Cadiz tenant. In February 2016, Cadiz assigned this lease to Fenner Valley Farms, LLC (“Fenner”), a subsidiary of Water Asset Management, LLC (“WAM”). An entity affiliated with WAM is the holder of 9,300 shares of Limoneira Company Series B-2 convertible preferred stock. Amounts due to Fenner were $80,000 and $100,000 at April 30, 2019 and October 31, 2018 , respectively. 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 zero in the three months ended April 30, 2019 and 2018 . The Company paid harvest costs to CRG of $3,841,000 and $2,451,000 in the six months ended April 30, 2019 and 2018 , respectively. Such amounts are included in agribusiness expense in the Company’s consolidated statements of operations. Additionally, Associated provided harvest management and administrative services to CRG in the amounts of zero during the three months ended April 30, 2019 and 2018 . Associated provided harvest management and administrative services to CRG in the amounts of $306,000 and $218,000 during the six months ended April 30, 2019 and 2018 , respectively. Such amounts are included in agribusiness revenues in the Company’s consolidated statements of operations. There was zero and $232,000 due to Associated from CRG at April 30, 2019 and October 31, 2018 , respectively, which is included in accounts receivable, net in the Company’s consolidated balance sheets. 13. Related-Party Transactions (continued) The Company has representation on the board of directors of Yuma Mesa Irrigation and Drainage District (“YMIDD”). The Company purchased water in the amounts of $53,000 and $65,000 during the three months ended April 30, 2019 and 2018 , respectively, and $85,000 and $149,000 from YMIDD during the six months ended April 30, 2019 and 2018 , respectively, which is included in agribusiness expenses in the Company’s consolidated statements of operations. There were no amounts due to YMIDD at April 30, 2019 or October 31, 2018 . The Company has a 1.3% interest in Limco Del Mar, Ltd. (“Del Mar”) as a general partner and a 26.8% interest as a limited partner. The Company provides Del Mar with farm management, orchard land development and accounting services and received expense reimbursements of $45,000 and $43,000 in the three months ended April 30, 2019 and 2018 , respectively, and $80,000 and $95,000 in the six months ended April 30, 2019 and 2018 , respectively. The Company procures lemons from Del Mar and fruit proceeds (due from) payable to Del Mar were $(2,000) and $709,000 at April 30, 2019 and October 31, 2018 , respectively, and are included in grower’s payable in the Company’s consolidated balance sheets. The Company received no cash distributions and recorded equity in (losses) earnings of this investment of $(139,000) and $(45,000) in the three months ended April 30, 2019 and 2018 , respectively, and $66,000 and $118,000 , in the six months ended April 30, 2019 and 2018 , respectively. On August 14, 2014, the Company’s wholly owned subsidiary, Limoneira Chile SpA, invested approximately $1,750,000 for a 35% interest in Rosales, a citrus packing, marketing and sales business located in La Serena, Chile. The Company purchased an additional 12% interest in Rosales with the February 2017 acquisition of PDA. The Company recognized zero and $782,000 of lemon sales to Rosales in the three months ended April 30, 2019 and 2018 , respectively, and $521,000 and $923,000 in the six months ended April 30, 2019 and 2018 , respectively. Additionally, San Pablo recognized aggregate lemon and orange sales of $720,000 and $780,000 to Rosales for the three and six months ended April 30, 2019 , respectively. PDA recognized aggregate lemon and orange sales of $685,000 and $421,000 to Rosales in the three months ended April 30, 2019 and 2018 , respectively, and $765,000 and $703,000 in the six months ended April 30, 2019 and 2018 , respectively, which are recorded in agribusiness revenues in the Company’s consolidated statements of operations. The aggregate amount of lemons and oranges procured from Rosales was zero in the three months ended April 30, 2019 and 2018 and $359,000 and zero in the six months ended April 30, 2019 and 2018 , respectively. Amounts due from (payable to) Rosales were $234,000 and $(65,000) at April 30, 2019 and October 31, 2018 , respectively. The Company recorded equity in (losses) earnings of this investment of $(119,000) and $3,000 in the three months ended April 30, 2019 and 2018 , respectively, and amortization of fair value basis differences of $85,000 in the three months ended April 30, 2019 and 2018 . The Company recorded equity in losses of this investment of $(196,000) and $(33,000) in the six months ended April 30, 2019 and 2018 , respectively, and amortization of fair value basis differences of $169,000 in the six months ended April 30, 2019 and 2018 . The Company received $283,000 and zero cash distributions from this equity investment in the six months ended April 30, 2019 and 2018 , respectively.

Income Taxes

Income Taxes	6 Months Ended
	Apr. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s estimated annual effective blended tax rate for fiscal year 2019 is approximately 28.2% . A 26.7% estimated effective blended tax rate, after discrete items, was utilized by the Company in the six months ended April 30, 2019 to calculate its income tax provision. The Company has no uncertain tax positions as of April 30, 2019 . 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 April 30, 2019 . The Company applied the guidance in Staff Accounting Bulletin No. 118 (“SAB 118”) when accounting for the enactment-date effects of the 2017 Act throughout fiscal year 2018. At January 31, 2019, the Company completed its evaluation for all of the enactment-date income tax effects of the 2017 Act and no material adjustments noted to be made on the provisional amounts recorded at January 31, 2018.

Retirement Plans

Retirement Plans	6 Months Ended
	Apr. 30, 2019
Retirement Benefits [Abstract]
Retirement Plans	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. 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. 15. Retirement Plans (continued) The Plan is funded consistent with the funding requirements of federal law and regulations. There were funding contributions of $150,000 during both three months ended April 30, 2019 and 2018 , respectively, and $300,000 during both six months ended April 30, 2019 and 2018 , respectively. The components of net periodic pension cost for the Plan for the three and six months ended April 30, 2019 and 2018 were as follows (in thousands): Three Months Ended Six Months Ended 2019 2018 2019 2018 Administrative expenses $ 47 $ 63 $ 94 $ 126 Interest cost 207 192 414 385 Expected return on plan assets (272 ) (268 ) (544 ) (536 ) Prior service cost 11 11 22 22 Recognized actuarial loss 100 175 201 350 Net periodic benefit cost $ 93 $ 173 $ 187 $ 347

Contingencies

Contingencies	6 Months Ended
	Apr. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Commitments and 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, 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.

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Apr. 30, 2019
Share-based Payment Arrangement [Abstract]
Stock-based Compensation	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 vest over two to five -year periods. In December 2018, 40,094 shares of common stock with a per share value of $18.74 were granted to management under the Stock Plan for fiscal year 2018 performance, resulting in total compensation expense of approximately $751,000 , with $343,000 recognized in the year ended October 31, 2018 and the balance to be recognized over the next two years as the shares vest. In addition, 90,000 shares of common stock with a per share value of $19.84 were granted to key executives under the Stock Plan, resulting in a total compensation expense of approximately $1,786,000 , to be recognized equally over the next three years as the shares vest. During January 2019 and 2018 , 15,642 and 14,033 shares, respectively, of common stock were granted to the Company’s non-employee directors under the Company’s stock-based compensation plans. The Company recognized $339,000 and $309,000 of stock-based compensation to non-employee directors during the six months ended April 30, 2019 and 2018 , respectively.

Segment Information

Segment Information	6 Months Ended
	Apr. 30, 2019
Segment Reporting [Abstract]
Segment Information	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 operating 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. Segment information for the three months ended April 30, 2019 (in thousands): Fresh Lemons (1) Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 32,428 $ 3,954 $ — $ 540 $ 3,901 $ 40,823 $ 1,212 $ — $ — $ 42,035 Intersegment revenue — 8,157 (8,157 ) — — — — — — — Total net revenues 32,428 12,111 (8,157 ) 540 3,901 40,823 1,212 — — 42,035 Costs and expenses 27,915 10,664 (8,157 ) 921 3,875 35,218 901 24 4,776 40,919 Depreciation and amortization — — — — — 1,860 194 — 67 2,121 Operating income (loss) $ 4,513 $ 1,447 $ — $ (381 ) $ 26 $ 3,745 $ 117 $ (24 ) $ (4,843 ) $ (1,005 ) Segment information for the three months ended April 30, 2018 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 30,561 $ 3,008 $ — $ 935 $ 7,361 $ 41,865 $ 1,270 $ — $ — $ 43,135 Intersegment revenue — 7,152 (7,152 ) — — — — — — — Total net revenues 30,561 10,160 (7,152 ) 935 7,361 41,865 1,270 — — 43,135 Costs and expenses 22,601 7,170 (7,152 ) 875 3,808 27,302 781 39 3,889 32,011 Depreciation and amortization — — — — — 1,496 195 — 53 1,744 Operating income (loss) $ 7,960 $ 2,990 $ — $ 60 $ 3,553 $ 13,067 $ 294 $ (39 ) $ (3,942 ) $ 9,380 Segment information for the six months ended April 30, 2019 (in thousands): Fresh Lemons (1) Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 66,921 $ 8,057 $ — $ 543 $ 6,102 $ 81,623 $ 2,430 $ — $ — $ 84,053 Intersegment revenue — 15,201 (15,201 ) — — — — — — — Total net revenues 66,921 23,258 (15,201 ) 543 6,102 81,623 2,430 — — 84,053 Costs and expenses 59,997 19,448 (15,201 ) 1,637 6,385 72,266 1,785 52 9,728 83,831 Depreciation and amortization — — — — — 3,728 389 — 130 4,247 Operating income (loss) $ 6,924 $ 3,810 $ — $ (1,094 ) $ (283 ) $ 5,629 $ 256 $ (52 ) $ (9,858 ) $ (4,025 ) 18. Segment Information (continued) Segment information for the six months ended April 30, 2018 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 55,537 $ 5,841 $ — $ 935 $ 9,885 $ 72,198 $ 2,530 $ — $ — $ 74,728 Intersegment revenue — 12,076 (12,076 ) — — — — — — — Total net revenues 55,537 17,917 (12,076 ) 935 9,885 72,198 2,530 — — 74,728 Costs and expenses 45,491 12,894 (12,076 ) 1,579 6,129 54,017 1,651 69 7,915 63,652 Depreciation and amortization — — — — — 2,943 390 — 101 3,434 Operating income (loss) $ 10,046 $ 5,023 $ — $ (644 ) $ 3,756 $ 15,238 $ 489 $ (69 ) $ (8,016 ) $ 7,642 The following table sets forth revenues by category, by segment for the three and six months ended April 30, 2019 and 2018 (in thousands): Three Months Ended Six Months Ended 2019 2018 2019 2018 Fresh lemons (1) $ 32,428 $ 30,561 $ 66,921 $ 55,537 Lemon packing 12,111 10,160 23,258 17,917 Intersegment revenue (8,157 ) (7,152 ) (15,201 ) (12,076 ) Lemon revenues 36,382 33,569 74,978 61,378 Avocados 540 935 543 935 Navel and Valencia oranges 1,991 5,223 2,937 6,566 Specialty citrus and other crops 1,910 2,138 3,165 3,319 Other agribusiness revenues 3,901 7,361 6,102 9,885 Agribusiness revenues 40,823 41,865 81,623 72,198 Residential and commercial rentals 885 878 1,762 1,728 Leased land 224 326 493 654 Organic recycling and other 103 66 175 148 Rental operations revenues 1,212 1,270 2,430 2,530 Real estate development revenues — — — — Total net revenues $ 42,035 $ 43,135 $ 84,053 $ 74,728 (1) During the first quarter of fiscal 2019, the Company adopted a comprehensive new revenue recognition standard using a modified retrospective method that does not restate prior periods to be comparable to the current period presentation. The adoption of this guidance primarily impacted the presentation of certain brokered fruit sales revenue received and the related cost of fruit incurred by the Company. The adoption of this guidance resulted in revenue within the Company’s fresh lemon segment of $162,000 and $456,000 , during the three and six months ended April 30, 2019 , respectively. See Note 2 - Summary of Significant Accounting Policies for additional information.

Subsequent Events

Subsequent Events	6 Months Ended
	Apr. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company has evaluated events subsequent to April 30, 2019 through the date of this filing, to assess the need for potential recognition or disclosure in this Quarterly Report on Form 10-Q. Based upon this evaluation, except as described below or in the notes to the interim consolidated financial statements, it was determined that no other subsequent events occurred that require recognition or disclosure in the unaudited consolidated financial statements. Acquisition On May 30, 2019, the Company acquired a 51% interest in a joint venture formed with FGF Trapani (“FGF”), a multi-generational, family owned citrus operation in Argentina, and acquired a 51% interest in an Argentine Trust that holds a 75% interest in Finca Santa Clara (“Santa Clara”), a ranch with approximately 1,200 acres of planted lemons. The joint venture will control the trust and operate under the name Trapani Fresh to grow, pack, market and sell fresh citrus. Total consideration paid for the Company’s interest in Trapani Fresh was $15,000,000 . $7,500,000 of consideration was paid to FGF on May 30, 2019. The remaining $7,500,000 of consideration was advanced to FGF as prepayments for the 25% interest in Santa Clara retained by FGF. $4,000,000 was advanced in February 2019 and $3,500,000 was advanced in May 2019. Title to this 25% of Santa Clara will transfer to Trapani Fresh by 2024. These advances will be accounted for as an acquisition of property by the Company in May 2019. The Company is currently evaluating the accounting treatment for its 51% interest in Trapani Fresh and anticipates that it will consolidate Trapani Fresh as a business combination and reflect FGF’s 49% interest in Trapani Fresh as a non-controlling interest in its consolidated financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Apr. 30, 2019
Accounting Policies [Abstract]
Revenue Recognition	Revenue Recognition On November 1, 2018, the Company adopted Financial Accounting Standards Board (“FASB”) – Accounting Standards Update (“ASU”) ASU 2014-09, Revenue from Contracts with Customers (Topic 606), that amends the guidance for the recognition of revenue from contracts with customers. The results for the reporting period beginning after November 1, 2018 are presented in accordance with the new standard which was adopted using the modified-retrospective method and applied to those contracts that were not completed as of November 1, 2018. There was no net effect of applying the standard and therefore no cumulative adjustment to retained earnings was necessary at the date of initial application. As a result comparative information has not been restated and the results for the reporting periods before November 1, 2018 continue to be reported under the accounting standards and policies in effect for those periods. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: • Identify the contract(s) with a customer. • Identify the performance obligations in the contract. • Determine the transaction price. • Allocate the transaction price to the performance obligations in the contract. • Recognize revenue when (or as) the entity satisfies a performance obligation. The Company determined the appropriate method by which it recognizes revenue by analyzing the nature of the products or services being provided as well as the terms and conditions of contracts or arrangements entered into with its customers. The Company accounts 2. Summary of Significant Accounting Policies (continued) Revenue Recognition (continued) for a contract when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable. A contract's transaction price is allocated to each distinct good or service (i.e., performance obligation) identified in the contract and each performance obligation is valued based on its estimated relative standalone selling price. The Company recognizes the majority of its revenue at a point in time when it satisfies a performance obligation and transfers control of the product to the respective customer. The amount of revenue that is recognized is based on the transaction price, which represents the invoiced amount and includes estimates of variable consideration such as allowances for estimated customer discounts or concessions, where applicable. The amount of variable consideration included in the transaction price may be constrained and is included only to the extent that it is probable that a significant reversal in the amount of the cumulative revenue recognized under the contract will not occur in a future period. Upon adoption, the Company changed the accounting of certain brokered fruit sales. Under previous guidance, the Company was considered an agent and recorded revenues for certain brokered fruit sales and the costs of such fruit on a net basis in its consolidated statement of operations. Under the new revenue recognition standard, the Company is considered a principal in the transaction and revenues are recorded on a gross basis in the Company’s consolidated statement of operations with the related cost of such fruit included in agribusiness costs and expenses. This change resulted in the recognition of additional agribusiness revenue and agribusiness costs and expenses of $162,000 and $168,000 , respectively, during the three months ended April 30, 2019 and $456,000 and $420,000 , respectively, during the six months ended April 30, 2019 . Had it used the previous revenue recognition guidance, the Company would have recorded insignificant net agribusiness revenue for the three and six months ended April 30, 2019 . No cumulative adjustment to retained earnings was necessary as there is no net effect of applying the standard. Agribusiness revenue - Revenue from lemon sales is generally recognized at a point in time when the customer takes control of the fruit from the Company’s packinghouse, which aligns with the transfer of title to the customer. The Company has elected to treat any shipping and handling costs incurred after control of the goods has been transferred to the customer as agribusiness costs. The Company’s avocados, oranges, specialty citrus and other specialty crops are packed and sold by Calavo and other third-party packinghouses. The Company delivers all of its avocado production from its orchards to Calavo. These avocados are then packed by Calavo at its packinghouse and sold and distributed under Calavo brands to its customers primarily in the United States and Canada. The Company’s arrangements with other third-party packinghouses related to its oranges, specialty citrus and other specialty crops are similar to its arrangement with Calavo. The Company’s arrangements with its third-party packinghouses are such that the Company is the producer and supplier of the product and the third-party packinghouses are the Company’s customers. The revenues the Company recognizes related to the fruits sold to the third-party packinghouses are based on the volume and quality of the fruits delivered, the market price for such fruit, less the packinghouses’ charges to pack and market the fruit. Such packinghouse charges include the grading, sizing, packing, cooling, ripening and marketing of the related fruit. The Company controls the product until it is delivered to the third-party packinghouses at which time control of the product is transferred to the third-party packinghouses and revenue is recognized. Such third-party packinghouse charges are recorded as a reduction of revenue as they are not for distinct services. The identifiable benefit the Company receives from the third-party packinghouses for packaging and marketing services cannot be sufficiently separated from the third-party packinghouses’ purchase of the Company’s products. In addition, the Company is not able to reasonably estimate the fair value of the benefit received from the third-party packinghouses for such services and as such, these costs are characterized as a reduction of revenue in the Company’s consolidated statements of operations. Revenue from the sales of certain of the Company’s agricultural products is recorded based on estimated proceeds provided by certain of the Company’s sales and marketing partners (Calavo and other third-party packinghouses) due to the time between when the product is delivered by the Company and the closing of the pools for such fruits at the end of each month or harvest period. Calavo and other third-party packinghouses are agricultural cooperatives or function in a similar manner as an agricultural cooperative. The Company estimates the variable consideration using the most likely amount method, with the most likely amount being the quantities actually shipped extended by the prices reported by Calavo and other third-party packinghouses. Revenue is recognized at time of delivery to the packinghouses relating to fruits that are in pools that have not yet closed at month end if: (a) the related fruits have been delivered 2. Summary of Significant Accounting Policies (continued) Revenue Recognition (continued) to and accepted by Calavo and other third-party packinghouses (i.e., Calavo and other third-party packinghouses obtain control) and (b) sales price information has been provided by Calavo and other third-party packinghouses (based on the marketplace activity for the related fruit) to estimate with reasonable certainty the final selling price for the fruit upon the closing of the pools. In such instances the Company has the present right to payment and Calavo and other third-party packinghouses have the present right to direct the use of, and obtain substantially all of the remaining benefits from, the delivered fruit. The Company does not expect that there is a high likelihood that a significant reversal in the amount of cumulative revenue recognized in the early periods of the pool will occur once the final pool prices have been reported by the packinghouses. Historically, the revenue that is recorded based on the sales price information provided to the Company by Calavo and other third-party packinghouses at the time of delivery, have not materially differed from the actual amounts that are paid after the monthly or harvest period pools are closed. The Company has entered into brokerage arrangements with third-party international packinghouses. In certain of these arrangements, the Company has the exclusive ability to direct the use of and obtains substantially all of the remaining benefits from the fruit, and is therefore acting as a principal. As such, the Company records the related revenue and costs of the fruit gross in the consolidated statement of operations. Revenue from crop insurance proceeds is recorded when the amount can be reasonably determined and upon establishment of the present right to payment. Rental Revenue - Minimum rental revenues are generally recognized on a straight-line basis over the respective initial lease term. Contingent rental revenues are contractually defined as to the percentage of rent received by the Company and are based on fees collected by the lessee. Such revenues are recognized when actual results, based on collected fees reported by the tenant, are received. The Company's rental arrangements generally require payment on a monthly or quarterly basis. Real Estate Development Revenue - The Company recognizes revenue on real estate development projects with customers at a point in time (i.e., the closing) when the Company satisfies the single performance obligation and transfers control of such real estate to a buyer. The transaction price, which is the amount of consideration the Company receives upon delivery of the completed real estate to the buyer, is allocated to this single obligation and is received at closing. Real estate development projects with non-customers are accounted for in accordance with Accounting Standards Code (“ASC”) 610-20, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets .
Recent Accounting Pronouncements	Recent Accounting Pronouncements 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. The Company’s adoption of this ASU on November 1, 2018 resulted in a cumulative-effect adjustment to the statement of financial position, with the Company reclassifying unrealized holding gains of $15,921,000, net of taxes, in Calavo common stock to retained earnings from accumulated other comprehensive income ("AOCI") at the date of adoption. In addition, the change in the fair value of Calavo common stock has been disclosed as a separate line item in the statement of operations subsequent to the adoption of ASU 2016-01. FASB ASU 2016-02, Leases (Topic 842) 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: 2. Summary of Significant Accounting Policies (continued) Recent Accounting Pronouncements (continued) • 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, 2020. 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. Note 20 – Commitments and Contingencies of the notes to consolidated financial statements included in the Company's 2018 Annual Report on Form 10-K describes its operating lease arrangements as of October 31, 2018 . 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. The Company’s adoption of this ASU during the first quarter of fiscal year 2019 had no material impact 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 This amendment provides 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 (the "2017 Act") (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 amendment 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 2017 Act is recognized. The Company early adopted this ASU on November 1, 2018, and as a result recorded a cumulative-effect reclassification in the statement of financial position to retained earnings from AOCI at the date of adoption of $1,724,000 related to the investment in Calavo and pension liability. FASB ASU 2018-14, Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans This amendment adds, removes and clarifies the disclosure requirements for employers that sponsor defined benefit pension or other post retirement plans. 2. Summary of Significant Accounting Policies (continued) Recent Accounting Pronouncements (continued) For public business entities, the amendments are effective for fiscal years ending after December 15, 2020. Early adoption is permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements. SEC Amendments to Certain Disclosure Requirements In August 2018, the SEC adopted amendments to certain disclosure requirements for a number of SEC rules, including Rule 3-04 of Regulation S-X. Rule 3-04 requires that a public registrant’s Form 10-Q include a reconciliation of changes in stockholders’ equity for each period for which a statement of comprehensive income is required to be filed. These amendments are effective for interim periods beginning after November 5, 2018, therefore the Company has included a separate statement of stockholders’ equity and temporary equity in this Quarterly Report on Form 10-Q.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Apr. 30, 2019
Business Combinations [Abstract]
Schedule of Asset Acquisition	Below is a summary of the fair value of the net assets acquired on the acquisition date based on a third-party valuation (in thousands): Cultural costs $ 579 Land and land improvements 9,114 Buildings and equipment 207 Orchards 2,058 Water rights 1,153 Total assets acquired $ 13,111
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	Below is a summary of the fair value of the net assets acquired on the acquisition date based on a third-party valuation (in thousands): Land and land improvements $ 7,294 Buildings and equipment 14,866 Customer relationships and trade names 2,270 Goodwill 570 Total assets acquired $ 25,000

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Apr. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table sets forth the Company’s financial assets and liabilities as of April 30, 2019 and October 31, 2018 , which are measured on a recurring basis during the period, segregated by level within the fair value hierarchy (in thousands): April 30, 2019 Level 1 Level 2 Level 3 Total Assets at fair value: Equity securities $ 23,953 $ — $ — $ 23,953 October 31, 2018 Level 1 Level 2 Level 3 Total Assets at fair value: Equity securities $ 24,250 $ — $ — $ 24,250

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	6 Months Ended
	Apr. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consist of the following (in thousands): April 30, October 31, 2018 Prepaid insurance $ 779 $ 647 Prepaid supplies 1,165 1,196 Lemon supplier advances 508 170 Note receivable, net 2,552 2,797 Real estate development held for sale 5,024 5,024 Water assessment fees and other 1,780 694 $ 11,808 $ 10,528

Real Estate Development (Tables

Real Estate Development (Tables)	6 Months Ended
	Apr. 30, 2019
Real Estate [Abstract]
Schedule of Real Estate Properties	Real estate development assets are comprised primarily of land and land development costs and consist of the following (in thousands): April 30, October 31, East Area I $ — $ 91,357 Retained Property - East Area I 10,613 10,408 East Area II 5,543 5,397 $ 16,156 $ 107,162

Equity in Investments (Tables)

Equity in Investments (Tables)	6 Months Ended
	Apr. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity in Investments	The following is unaudited summarized financial information for the LLC (in thousands): Six Months Ended April 30, 2019 2018 Revenues $ 30,354 $ — Cost of land sold 22,005 — Operating expenses 107 83 Net income (loss) $ 8,242 $ (83 ) Net income (loss) attributable to Limoneira Company $ 3,481 $ (83 ) Equity in investments consist of the following (in thousands): April 30, October 31, 2018 Limoneira Lewis Community Builders, LLC $ 53,416 $ 14,060 Limco Del Mar, Ltd. 2,001 1,935 Rosales 1,543 2,191 Romney Property Partnership 510 512 $ 57,470 $ 18,698

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Apr. 30, 2019
Other Assets [Abstract]
Schedule of Other Assets	Other assets consist of the following (in thousands): April 30, October 31, 2018 Investments in mutual water companies $ 5,486 $ 5,026 Acquired water and mineral rights 3,841 3,783 Deposit for land purchase 608 593 Deferred lease assets and other 335 396 Notes receivable 815 566 Revolving funds and memberships 244 267 Acquired trade names, trademarks and customer relationships 2,270 2,442 Goodwill 1,435 1,431 Payments to FGF Trapani 4,000 — $ 19,034 $ 14,504

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Apr. 30, 2019
Accounts Payable and Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following (in thousands): April 30, October 31, 2018 Compensation $ 2,258 $ 2,784 Property taxes 21 785 Interest 342 297 Deferred rental income and deposits 460 497 Lease expense 78 378 Lemon supplier payables 53 1,214 Capital expenditures and other 1,616 1,769 $ 4,828 $ 7,724

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Apr. 30, 2019
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt is comprised of the following (in thousands): April 30, October 31, 2018 Farm Credit West revolving and non-revolving lines of credit: the interest rate of the revolving line of credit is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 2.50% at April 30, 2019, plus 1.60%. Effective July 1, 2018, the interest rate for the $40.0 million outstanding balance of the non-revolving line of credit was fixed at 4.77%. Interest is payable monthly and the principal is due in full on July 1, 2022. $ 69,142 $ 50,888 Farm Credit West term loan: the interest rate is variable and was 4.95% at April 30, 2019. The loan is payable in quarterly installments through November 2022. 2,321 2,602 Farm Credit West term loan: the interest rate is variable and was 4.95% at April 30, 2019. The loan is payable in monthly installments through October 2035. 1,100 1,122 Farm Credit West term loan: the interest rate is fixed at 4.70%. The loan is payable in monthly installments though March 2036. 9,000 9,172 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. 6,666 6,808 Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023. 5,667 6,367 Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 1,470 1,857 Note Payable: the interest rate ranges from 5.00% to 7.00% and was 5.50% at April 30, 2019. The loan includes interest-only monthly payments and principal is due in February 2023. 1,435 1,435 Subtotal 96,801 80,251 Less deferred financing costs, net of accumulated amortization 142 158 Total long-term debt, net 96,659 80,093 Less current portion 2,915 3,127 Long-term debt, less current portion $ 93,744 $ 76,966

Basic and Diluted Net (Loss) _2

Basic and Diluted Net (Loss) Income per Share (Tables)	6 Months Ended
	Apr. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The computations for basic and diluted net (loss) income per common share are as follows (in thousands, except per share amounts): Three Months Ended April 30, Six Months Ended April 30, 2019 2018 2019 2018 Basic net income (loss) per common share: Net income (loss) applicable to common stock $ 2,689 $ 6,473 $ (2,129 ) $ 14,973 Effect of unvested, restricted stock (16 ) (10 ) (33 ) (19 ) Numerator: Net income (loss) for basic EPS 2,673 6,463 (2,162 ) 14,954 Denominator: Weighted average common shares-basic 17,554 14,379 17,516 14,341 Basic net income (loss) per common share $ 0.15 $ 0.45 $ (0.12 ) $ 1.04 Diluted net income (loss) per common share: Numerator: Net income (loss) for diluted EPS $ 2,815 $ 6,599 $ (2,162 ) $ 15,224 Weighted average common shares–basic 17,554 14,379 17,516 14,341 Effect of dilutive unvested, restricted stock and preferred stock 671 644 — 645 Denominator: Weighted average common shares–diluted 18,225 15,023 17,516 14,986 Diluted net income (loss) per common share $ 0.15 $ 0.44 $ (0.12 ) $ 1.02

Retirement Plans (Tables)

Retirement Plans (Tables)	6 Months Ended
	Apr. 30, 2019
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The components of net periodic pension cost for the Plan for the three and six months ended April 30, 2019 and 2018 were as follows (in thousands): Three Months Ended Six Months Ended 2019 2018 2019 2018 Administrative expenses $ 47 $ 63 $ 94 $ 126 Interest cost 207 192 414 385 Expected return on plan assets (272 ) (268 ) (544 ) (536 ) Prior service cost 11 11 22 22 Recognized actuarial loss 100 175 201 350 Net periodic benefit cost $ 93 $ 173 $ 187 $ 347

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Apr. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Information by Segment	Segment information for the three months ended April 30, 2019 (in thousands): Fresh Lemons (1) Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 32,428 $ 3,954 $ — $ 540 $ 3,901 $ 40,823 $ 1,212 $ — $ — $ 42,035 Intersegment revenue — 8,157 (8,157 ) — — — — — — — Total net revenues 32,428 12,111 (8,157 ) 540 3,901 40,823 1,212 — — 42,035 Costs and expenses 27,915 10,664 (8,157 ) 921 3,875 35,218 901 24 4,776 40,919 Depreciation and amortization — — — — — 1,860 194 — 67 2,121 Operating income (loss) $ 4,513 $ 1,447 $ — $ (381 ) $ 26 $ 3,745 $ 117 $ (24 ) $ (4,843 ) $ (1,005 ) Segment information for the three months ended April 30, 2018 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 30,561 $ 3,008 $ — $ 935 $ 7,361 $ 41,865 $ 1,270 $ — $ — $ 43,135 Intersegment revenue — 7,152 (7,152 ) — — — — — — — Total net revenues 30,561 10,160 (7,152 ) 935 7,361 41,865 1,270 — — 43,135 Costs and expenses 22,601 7,170 (7,152 ) 875 3,808 27,302 781 39 3,889 32,011 Depreciation and amortization — — — — — 1,496 195 — 53 1,744 Operating income (loss) $ 7,960 $ 2,990 $ — $ 60 $ 3,553 $ 13,067 $ 294 $ (39 ) $ (3,942 ) $ 9,380 Segment information for the six months ended April 30, 2019 (in thousands): Fresh Lemons (1) Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 66,921 $ 8,057 $ — $ 543 $ 6,102 $ 81,623 $ 2,430 $ — $ — $ 84,053 Intersegment revenue — 15,201 (15,201 ) — — — — — — — Total net revenues 66,921 23,258 (15,201 ) 543 6,102 81,623 2,430 — — 84,053 Costs and expenses 59,997 19,448 (15,201 ) 1,637 6,385 72,266 1,785 52 9,728 83,831 Depreciation and amortization — — — — — 3,728 389 — 130 4,247 Operating income (loss) $ 6,924 $ 3,810 $ — $ (1,094 ) $ (283 ) $ 5,629 $ 256 $ (52 ) $ (9,858 ) $ (4,025 ) 18. Segment Information (continued) Segment information for the six months ended April 30, 2018 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 55,537 $ 5,841 $ — $ 935 $ 9,885 $ 72,198 $ 2,530 $ — $ — $ 74,728 Intersegment revenue — 12,076 (12,076 ) — — — — — — — Total net revenues 55,537 17,917 (12,076 ) 935 9,885 72,198 2,530 — — 74,728 Costs and expenses 45,491 12,894 (12,076 ) 1,579 6,129 54,017 1,651 69 7,915 63,652 Depreciation and amortization — — — — — 2,943 390 — 101 3,434 Operating income (loss) $ 10,046 $ 5,023 $ — $ (644 ) $ 3,756 $ 15,238 $ 489 $ (69 ) $ (8,016 ) $ 7,642 The following table sets forth revenues by category, by segment for the three and six months ended April 30, 2019 and 2018 (in thousands): Three Months Ended Six Months Ended 2019 2018 2019 2018 Fresh lemons (1) $ 32,428 $ 30,561 $ 66,921 $ 55,537 Lemon packing 12,111 10,160 23,258 17,917 Intersegment revenue (8,157 ) (7,152 ) (15,201 ) (12,076 ) Lemon revenues 36,382 33,569 74,978 61,378 Avocados 540 935 543 935 Navel and Valencia oranges 1,991 5,223 2,937 6,566 Specialty citrus and other crops 1,910 2,138 3,165 3,319 Other agribusiness revenues 3,901 7,361 6,102 9,885 Agribusiness revenues 40,823 41,865 81,623 72,198 Residential and commercial rentals 885 878 1,762 1,728 Leased land 224 326 493 654 Organic recycling and other 103 66 175 148 Rental operations revenues 1,212 1,270 2,430 2,530 Real estate development revenues — — — — Total net revenues $ 42,035 $ 43,135 $ 84,053 $ 74,728 (1) During the first quarter of fiscal 2019, the Company adopted a comprehensive new revenue recognition standard using a modified retrospective method that does not restate prior periods to be comparable to the current period presentation. The adoption of this guidance primarily impacted the presentation of certain brokered fruit sales revenue received and the related cost of fruit incurred by the Company. The adoption of this guidance resulted in revenue within the Company’s fresh lemon segment of $162,000 and $456,000 , during the three and six months ended April 30, 2019 , respectively. See Note 2 - Summary of Significant Accounting Policies for additional information.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	Nov. 01, 2018	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018	Oct. 31, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenues		$ 42,035	$ 43,135	$ 84,053	$ 74,728
Increase to retained earnings		59,757		59,757		$ 50,354
Decrease to AOCI		4,643		4,643		$ (8,965)
Agribusiness [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenues		40,823	41,865	81,623	72,198
Costs and expenses		37,078	$ 28,798	75,994	$ 56,960
Accounting Standards Update 2014-09 [Member] | Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Agribusiness [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenues		162		456
Costs and expenses		$ 168		$ 420
Accounting Standards Update 2018-02 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Tax Cuts and Jobs Act of 2017, reclassification from AOCI to retained earnings	$ 1,724
Calavo Growers, Inc. [Member] | Accounting Standards Update 2016-01 [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Increase to retained earnings	15,920
Decrease to AOCI	$ 15,921

Acquisitions (Textual) (Details

Acquisitions (Textual) (Details) $ in Thousands	Oct. 31, 2018USD ($)	Jul. 26, 2018USD ($)	Jul. 18, 2018USD ($)aparcel	Jan. 31, 2019USD ($)a	Apr. 30, 2019USD ($)	Apr. 30, 2018USD ($)	Oct. 31, 2018USD ($)
Business Acquisition [Line Items]
Agriculture property acquisition					$ 397	$ 0
Oxnard Lemon Associates, Ltd. [Member]
Business Acquisition [Line Items]
Purchase agreement, initial purchase price		$ 24,750
Purchase agreement, additional purchase price paid	$ 250
Acquisition price							$ 25,000
Acquisition related costs							142
Pro forma revenue							142,253
Pro forma, net income (loss)							19,728
Sheldon Property [Member]
Business Acquisition [Line Items]
Agriculture property acquisition				$ 397
Area of land | a				26
Fruticola San Pablo S.A. [Member]
Business Acquisition [Line Items]
Area of land | a			3,317
Asset acquisition, consideration transferred			$ 13,000
Number of parcels | parcel			2
Asset acquisition, transaction costs			$ 111
Asset acquisition, pro forma revenue							130,262
Asset acquisition, pro forma net income							$ 18,785
Fruticola San Pablo S.A. [Member] | Lemons [Member]
Business Acquisition [Line Items]
Area of land | a			247
Fruticola San Pablo S.A. [Member] | Oranges [Member]
Business Acquisition [Line Items]
Area of land | a			61
Fruticola San Pablo S.A. [Member] | Lemon production [Member]
Business Acquisition [Line Items]
Area of land | a			120
Fruticola San Pablo S.A. [Member] | Avocados [Member]
Business Acquisition [Line Items]
Area of land | a			500

Acquisitions (Schedule of Net A

Acquisitions (Schedule of Net Assets Acquired) (Details) - USD ($) $ in Thousands	Jul. 18, 2018	Apr. 30, 2019	Oct. 31, 2018	Jul. 26, 2018
Business Acquisition [Line Items]
Goodwill		$ 1,435	$ 1,431
Oxnard Lemon Associates, Ltd. [Member]
Business Acquisition [Line Items]
Land and land improvements				$ 7,294
Buildings and equipment				14,866
Goodwill				570
Total assets acquired				25,000
Customer relationships and trade names [Member] | Oxnard Lemon Associates, Ltd. [Member]
Business Acquisition [Line Items]
Customer relationships and trade names				$ 2,270
Fruticola San Pablo S.A. [Member]
Business Acquisition [Line Items]
Cultural costs	$ 579
Total assets acquired	13,111
Fruticola San Pablo S.A. [Member] | Water rights [Member]
Business Acquisition [Line Items]
Water rights	1,153
Land and land improvements [Member] | Fruticola San Pablo S.A. [Member]
Business Acquisition [Line Items]
Asset additions	9,114
Buildings and equipment [Member] | Fruticola San Pablo S.A. [Member]
Business Acquisition [Line Items]
Asset additions	207
Land [Member] | Fruticola San Pablo S.A. [Member]
Business Acquisition [Line Items]
Asset additions	$ 2,058

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Fair Value) (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Apr. 30, 2019	Oct. 31, 2018
Assets at fair value:
Equity securities	$ 23,953
Equity securities		$ 24,250
Level 1 [Member]
Assets at fair value:
Equity securities	23,953
Equity securities		24,250
Level 2 [Member]
Assets at fair value:
Equity securities	0
Equity securities		0
Level 3 [Member]
Assets at fair value:
Equity securities	$ 0
Equity securities		$ 0

Fair Value Measurements (Textua

Fair Value Measurements (Textual) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018	Oct. 31, 2018	Oct. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Ownership percentage						35.00%
Unrealized gain (loss) on stock in Calavo Growers, Inc.	$ 3,612,000	$ 0	$ (298,000)	$ 0
Available-for-sale securities, change in unrealized holding gain (loss) before taxes		2,010,000		6,000,000
Available-for-sale securities, change in net unrealized holding gain, net of tax		$ 1,421,000		$ 4,242,000
Calavo Growers, Inc. [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment owned (in shares)	250,000		250,000		250,000
Ownership percentage	1.40%		1.40%		1.40%
Equity method investment investee, price per share (in dollars per share)	$ 95.81		$ 95.81		$ 97

Concentrations (Details)

Concentrations (Details)	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Supplier Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk			10.00%
Lemons [Member]
Concentration Risk [Line Items]
Concentration risk	59.00%	43.00%	59.00%	47.00%

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Oct. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid insurance	$ 779	$ 647
Prepaid supplies	1,165	1,196
Lemon supplier advances	508	170
Note receivable, net	2,552	2,797
Real estate development held for sale	5,024	5,024
Water assessment fees and other	1,780	694
Prepaid expenses and other current assets	$ 11,808	$ 10,528

Real Estate Development (Schedu

Real Estate Development (Schedule of Real Estate Development) (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Oct. 31, 2018
Real Estate Properties [Line Items]
Real estate development assets	$ 16,156	$ 107,162
East Area I [Member]
Real Estate Properties [Line Items]
Real estate development assets	0	91,357
Retained Property [Member]
Real Estate Properties [Line Items]
Real estate development assets	10,613	10,408
East Areas II [Member]
Real Estate Properties [Line Items]
Real estate development assets	$ 5,543	$ 5,397

Real Estate Development (Textua

Real Estate Development (Textual) (Details) $ in Thousands	1 Months Ended		3 Months Ended		6 Months Ended
	Dec. 31, 2018USD ($)	Oct. 31, 2018USD ($)	Apr. 30, 2019USD ($)	Apr. 30, 2018USD ($)	Apr. 30, 2019USD ($)	Apr. 30, 2018USD ($)	Mar. 31, 2019property	Nov. 10, 2015USD ($)	Oct. 31, 2014	Oct. 31, 2005aproperty
Real Estate Properties [Line Items]
Ownership percentage									35.00%
Increase in real estate development and sale-leaseback deferral				$ 5,699		$ 8,425
Decrease in real estate development and sale lease-back deferral	$ 58,330
Reclassification from joint venture to equity in investments	$ 33,353
Income (loss) from equity method investments			$ 1,927	$ (126)	$ 1,969	(83)
East Areas I and II [Member]
Real Estate Properties [Line Items]
Number of properties | property										2
Number of acres | a										550
Income (loss) from equity method investments					2,270	2,270
Retained Property [Member]
Real Estate Properties [Line Items]
Real estate development		$ 10,408	10,613		10,613
Limoneira Lewis Community Builders, LLC Agreement [Member]
Real Estate Properties [Line Items]
Proceeds from sale of real estate held-for-investment					4,000	$ 3,500
Pacific Crest [Member]
Real Estate Properties [Line Items]
Proceeds from sale of real estate held-for-investment		5,200
Real estate, gross			2,481		2,481
Impairments of real estate development assets		769
Sevilla [Member]
Real Estate Properties [Line Items]
Real estate, gross		2,543
Impairments of real estate development assets		$ 789
Lewis Group of Companies [Member]
Real Estate Properties [Line Items]
Equity method investment, aggregate cost			$ 20,000		$ 20,000
Lewis Group of Companies [Member] | East Area I [Member]
Real Estate Properties [Line Items]
Ownership percentage								50.00%
Equity method investment, aggregate cost								$ 20,000
Limoneira Lewis Community Builders [Member]
Real Estate Properties [Line Items]
Number of residential units sold | property							174

Equity in Investments (Schedule

Equity in Investments (Schedule of Equity in Investments) (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Oct. 31, 2018
Schedule of Equity Method Investments [Line Items]
Equity in investments	$ 57,470	$ 18,698
Limoneira Lewis Community Builders, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity in investments	53,416	14,060
Limco Del Mar, Ltd. [Member]
Schedule of Equity Method Investments [Line Items]
Equity in investments	2,001	1,935
Rosales [Member]
Schedule of Equity Method Investments [Line Items]
Equity in investments	1,543	2,191
Romney Property Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Equity in investments	$ 510	$ 512

Equity in Investments (Textual)

Equity in Investments (Textual) (Details)	Oct. 31, 2017	Oct. 31, 2014
Schedule of Equity Method Investments [Line Items]
Ownership percentage		35.00%
Limoneira Company [Member]
Schedule of Equity Method Investments [Line Items]
Additional ownership percentage	12.00%

Equity in Investments Equity in

Equity in Investments Equity in Investments (Financial Information for Equity in Investments) (Details) - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Schedule of Equity Method Investments [Line Items]
Net income (loss)	$ 3,481	$ (83)
Limoneira Lewis Community Builders [Member]
Schedule of Equity Method Investments [Line Items]
Revenues	30,354	0
Cost of land sold	22,005	0
Operating expenses	107	83
Net income (loss)	$ 8,242	$ (83)

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Oct. 31, 2018
Other Assets [Abstract]
Investments in mutual water companies	$ 5,486	$ 5,026
Acquired water and mineral rights	3,841	3,783
Deposit for land purchase	608	593
Deferred lease assets and other	335	396
Notes receivable	815	566
Revolving funds and memberships	244	267
Acquired trade names, trademarks and customer relationships	2,270	2,442
Goodwill	1,435	1,431
Payments to FGF Trapani	4,000	0
Other assets	$ 19,034	$ 14,504

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Oct. 31, 2018
Accounts Payable and Accrued Liabilities, Current [Abstract]
Compensation	$ 2,258	$ 2,784
Property taxes	21	785
Interest	342	297
Deferred rental income and deposits	460	497
Lease expense	78	378
Lemon supplier payables	53	1,214
Capital expenditures and other	1,616	1,769
Accrued liabilities	$ 4,828	$ 7,724

Long-Term Debt (Schedule of Lon

Long-Term Debt (Schedule of Long-Term Debt) (Details) - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2019	Oct. 31, 2018	Jul. 01, 2018
Debt Instrument [Line Items]
Long-term debt, gross	$ 96,801	$ 80,251
Less deferred financing costs, net of accumulated amortization	142	158
Total long-term debt, net	96,659	80,093
Less current portion	2,915	3,127
Long-term debt, less current portion	93,744	76,966
Farm Credit West Master Loan [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 69,142	50,888
Debt instrument, maturity date	Jul. 1, 2022
Farm Credit West Term Loan One [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 2,321	2,602
Debt instrument, maturity date	Nov. 30, 2022
Interest rate, stated percentage	4.95%
Farm Credit West Term Loan Two [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,100	1,122
Debt instrument, maturity date	Oct. 31, 2035
Interest rate, stated percentage	4.95%
Farm Credit West Term Loan Three [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 9,000	9,172
Debt instrument, maturity date	Mar. 31, 2036
Interest rate, stated percentage	4.70%
Farm Credit West Term Loan Four [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 6,666	6,808
Debt instrument, maturity date	Mar. 31, 2036
Interest rate, stated percentage	3.62%
Wells Fargo Term Loan [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 5,667	6,367
Debt instrument, maturity date	Jan. 31, 2023
Interest rate, stated percentage	3.58%
Banco de Chile term loan [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,470	1,857
Debt instrument, maturity date	Jan. 31, 2025
Interest rate, stated percentage	6.48%
Revolving Credit Facility [Member] | Farm Credit West Master Loan [Member]
Debt Instrument [Line Items]
LIBOR rate	2.50%
Debt instrument, basis spread on variable rate	1.60%
Non-Revolving Credit Facility [Member] | Farm Credit West Master Loan [Member]
Debt Instrument [Line Items]
Long-term debt, gross			$ 40,000
Interest rate, stated percentage			4.77%
Notes Payable [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,435	$ 1,435
Interest rate, stated percentage	5.50%
Notes Payable [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest rate, stated percentage	5.00%
Notes Payable [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest rate, stated percentage	7.00%

Long-Term Debt (Textual) (Detai

Long-Term Debt (Textual) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018	Jan. 29, 2018	Jun. 20, 2017
Debt Instrument [Line Items]
Interest costs capitalized	$ 344,000	$ 372,000	$ 611,000	$ 949,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 75,000,000
Farm Credit West Master Loan [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 115,000,000		$ 115,000,000
Farm Credit West Master Loan [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 75,000,000	$ 60,000,000
Farm Credit West Master Loan [Member] | Non-Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 40,000,000

Basic and Diluted Net (Loss) _3

Basic and Diluted Net (Loss) Income per Share (Schedule of Net (Loss) Income per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Basic net income (loss) per common share:
Net income (loss) applicable to common stock	$ 2,689	$ 6,473	$ (2,129)	$ 14,973
Effect of unvested, restricted stock	(16)	(10)	(33)	(19)
Numerator: Net income (loss) for basic EPS	$ 2,673	$ 6,463	$ (2,162)	$ 14,954
Denominator: Weighted average common shares–basic (in shares)	17,554,000	14,379,000	17,516,000	14,341,000
Basic net income per common share (in dollars per share)	$ 0.15	$ 0.45	$ (0.12)	$ 1.04
Diluted net income (loss) per common share:
Numerator: Net income (loss) for diluted EPS	$ 2,815	$ 6,599	$ (2,162)	$ 15,224
Denominator: Weighted average common shares–basic (in shares)	17,554,000	14,379,000	17,516,000	14,341,000
Effect of dilutive unvested, restricted stock and preferred stock (in shares)	671,000	644,000	0	645,000
Weighted average common shares–diluted (in shares)	18,225,000	15,023,000	17,516,000	14,986,000
Diluted net income per common share (in dollars per share)	$ 0.15	$ 0.44	$ (0.12)	$ 1.02

Basic and Diluted Net (Loss) _4

Basic and Diluted Net (Loss) Income per Share (Textual) (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	140	94	219	93

Related-Party Transactions (Det

Related-Party Transactions (Details)	Feb. 05, 2015USD ($)a	Aug. 14, 2014USD ($)	Apr. 30, 2019USD ($)ashares	Apr. 30, 2018USD ($)	Apr. 30, 2019USD ($)ashares	Apr. 30, 2018USD ($)	Oct. 31, 2018USD ($)	Feb. 28, 2017	Oct. 31, 2014	Jul. 01, 2013a
Related Party Transaction [Line Items]
Ownership percentage									35.00%
Cash distributions from equity investments					$ 282,000	$ 0
Income (loss) from equity method investments			$ 1,927,000	$ (126,000)	1,969,000	(83,000)
Payments to acquire equity method investments					$ 4,000,000	3,500,000
Management [Member]
Related Party Transaction [Line Items]
Operating lease, area of land | a			31		31
Rent expense, net					$ 23,000	11,000
Series B Two Preferred Stock [Member]
Related Party Transaction [Line Items]
Temporary equity, shares issued (in shares) | shares			9,300		9,300
Lemons And Oranges [Member] | Fruticola San Pablo S.A. [Member]
Related Party Transaction [Line Items]
Revenue from related parties			$ 720,000		$ 780,000
Lemons And Oranges [Member] | Fruticola Pan de Azucar S.A. [Member]
Related Party Transaction [Line Items]
Revenue from related parties			685,000	421,000	765,000	703,000
Employee [Member]
Related Party Transaction [Line Items]
Rental income			182,000	178,000	360,000	355,000
Mutual Water Companies [Member]
Related Party Transaction [Line Items]
Purchases from related party			81,000	166,000	858,000	886,000
Due to related parties			681,000		681,000		$ 142,000
Cooperative Association [Member]
Related Party Transaction [Line Items]
Purchases from related party			540,000	508,000	856,000	815,000
Due to related parties			185,000		185,000		142,000
Calavo Growers, Inc. [Member]
Related Party Transaction [Line Items]
Rental income			80,000	73,000	159,000	145,000
Purchases from related party					1,000	4,000
Due to related parties			0		0		3,000
Investment income, dividend					250,000	285,000
Dividend payments					255,000	216,000
Due from related parties			467,000		467,000		0
Calavo Growers, Inc. [Member] | Avocados [Member]
Related Party Transaction [Line Items]
Revenue from related parties			540,000	935,000	543,000	935,000
Board Of Directors [Member]
Related Party Transaction [Line Items]
Purchases from related party			232,000	1,158,000	609,000	1,386,000
Due to related parties			500,000		500,000		487,000
Cadiz [Member]
Related Party Transaction [Line Items]
Rental income			$ 12,000	10,000	$ 14,000	19,000
Purchases from related party	$ 1,212,000
Operating lease, area of land | a										9,600
Term of contract			20 years		20 years
Additional lease expense gross harvest revenue percentage					20.00%
Cadiz [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Operating lease, area of land | a										320
Lease expense per acre					$ 200
Acres of land | a	200
Cadiz [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Operating lease, area of land | a										960
Lease expense per acre					1,200
Cadiz [Member] | Agribusiness [Member]
Related Party Transaction [Line Items]
Rent expense, net			$ 22,000	50,000	88,000	86,000
Law Firm [Member]
Related Party Transaction [Line Items]
Due to related parties			0		0		67,000
Fenner Valley Farms, LLC [Member]
Related Party Transaction [Line Items]
Due to related parties			80,000		80,000		100,000
Colorado River Growers [Member]
Related Party Transaction [Line Items]
Revenue from related parties			0	0	306,000	218,000
Due from related parties			0		0		232,000
Payments for advance to affiliate			0	0	3,841,000	2,451,000
Yuma Mesa Irrigation And Drainage District [Member]
Related Party Transaction [Line Items]
Purchases from related party			53,000	65,000	85,000	149,000
Due to related parties			0		0		0
Limco Del Mar Limited [Member]
Related Party Transaction [Line Items]
Due to related parties							709,000
Due from related parties			2,000		2,000
Cash distributions from equity investments			0	0	283,000	0
Income (loss) from equity method investments			$ (139,000)	(45,000)	$ 66,000	118,000
Limco Del Mar Limited [Member] | General Partner [Member]
Related Party Transaction [Line Items]
Ownership percentage			1.30%		1.30%
Limco Del Mar Limited [Member] | Limited Partner [Member]
Related Party Transaction [Line Items]
Ownership percentage			26.80%		26.80%
Limco Del Mar Limited [Member] | Management, Development, and Accounting Services [Member]
Related Party Transaction [Line Items]
Revenue from related parties			$ 45,000	43,000	$ 80,000	95,000
Rosales [Member]
Related Party Transaction [Line Items]
Ownership percentage		35.00%
Income (loss) from equity method investments			(119,000)	3,000	(196,000)	(33,000)
Payments to acquire equity method investments		$ 1,750,000
Amortization of intangible assets			85,000	85,000,000	169,000	169,000,000
Rosales [Member] | Limoneira Company [Member]
Related Party Transaction [Line Items]
Additional ownership percentage								12.00%
Rosales [Member] | Lemons [Member]
Related Party Transaction [Line Items]
Due to related parties							$ 65,000
Revenue from related parties			0	782,000	521,000	923,000
Due from related parties			234,000		234,000
Rosales [Member] | Lemons And Oranges [Member]
Related Party Transaction [Line Items]
Purchases from related party			$ 0	$ 0	$ 359,000	$ 0

Income Taxes (Details)

Income Taxes (Details)	6 Months Ended
	Apr. 30, 2019
Income Tax Disclosure [Abstract]
Effective blended tax rate	28.20%
Effective income tax rate	26.70%

Retirement Plans (Textual) (Det

Retirement Plans (Textual) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Retirement Benefits [Abstract]
Average earnings			5 years
Contributions	$ 150	$ 150	$ 300	$ 300

Retirement Plans (Net Benefit C

Retirement Plans (Net Benefit Costs) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Retirement Benefits [Abstract]
Administrative expenses	$ 47	$ 63	$ 94	$ 126
Interest cost	207	192	414	385
Expected return on plan assets	(272)	(268)	(544)	(536)
Prior service cost	11	11	22	22
Recognized actuarial loss	100	175	201	350
Net periodic benefit cost	$ 93	$ 173	$ 187	$ 347

Stock-based Compensation (Textu

Stock-based Compensation (Textual) (Details) - Share-based Payment Arrangement [Member] - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended			6 Months Ended		12 Months Ended
	Jan. 31, 2019	Dec. 31, 2018	Jan. 31, 2018	Apr. 30, 2019	Apr. 30, 2018	Oct. 31, 2018
Management [Member]
Class of Stock [Line Items]
Vesting period						2 years
Shares granted (in shares)		40,094
Common stock per share (in dollars per share)		$ 18.74
Cost from stock compensation						$ 751
Share-based compensation expense						$ 343
Executive Officer [Member]
Class of Stock [Line Items]
Vesting period						3 years
Shares granted (in shares)		90,000
Common stock per share (in dollars per share)		$ 19.84
Cost from stock compensation						$ 1,786
Nonemployee Directors [Member]
Class of Stock [Line Items]
Shares granted (in shares)	15,642		14,033
Share-based compensation expense				$ 339	$ 309
Minimum [Member]
Class of Stock [Line Items]
Vesting period				2 years
Maximum [Member]
Class of Stock [Line Items]
Vesting period				5 years

Segment Information (Textual) (

Segment Information (Textual) (Details)	6 Months Ended
	Apr. 30, 2019segment
Segment Reporting [Abstract]
Number of reportable segments	6

Segment Information (Schedule o

Segment Information (Schedule of Segment Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Segment Reporting Information [Line Items]
Total net revenues	$ 42,035	$ 43,135	$ 84,053	$ 74,728
Costs and expenses	40,919	32,011	83,831	63,652
Depreciation and amortization	2,121	1,744	4,247	3,434
Operating income (loss)	(1,005)	9,380	(4,025)	7,642
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	42,035	43,135	84,053	74,728
Eliminations [Member]
Segment Reporting Information [Line Items]
Total net revenues	(8,157)	(7,152)	(15,201)	(12,076)
Costs and expenses	(8,157)	(7,152)	(15,201)	(12,076)
Depreciation and amortization	0	0	0	0
Operating income (loss)	0	0	0	0
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Costs and expenses	4,776	3,889	9,728	7,915
Depreciation and amortization	67	53	130	101
Operating income (loss)	(4,843)	(3,942)	(9,858)	(8,016)
Total Agribusiness [Member]
Segment Reporting Information [Line Items]
Total net revenues	40,823	41,865	81,623	72,198
Costs and expenses	35,218	27,302	72,266	54,017
Depreciation and amortization	1,860	1,496	3,728	2,943
Operating income (loss)	3,745	13,067	5,629	15,238
Total Agribusiness [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	40,823	41,865	81,623	72,198
Total Agribusiness [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Fresh Lemons [Member]
Segment Reporting Information [Line Items]
Total net revenues	32,428	30,561	66,921	55,537
Costs and expenses	27,915	22,601	59,997	45,491
Depreciation and amortization	0	0	0	0
Operating income (loss)	4,513	7,960	6,924	10,046
Fresh Lemons [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	32,428	30,561	66,921	55,537
Fresh Lemons [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Lemon Packing [Member]
Segment Reporting Information [Line Items]
Total net revenues	3,954	3,008	8,057	5,841
Costs and expenses	10,664	7,170	19,448	12,894
Depreciation and amortization	0	0	0	0
Operating income (loss)	1,447	2,990	3,810	5,023
Lemon Packing [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	12,111	10,160	23,258	17,917
Lemon Packing [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Total net revenues	8,157	7,152	15,201	12,076
Avocados [Member]
Segment Reporting Information [Line Items]
Total net revenues	540	935	543	935
Costs and expenses	921	875	1,637	1,579
Depreciation and amortization	0	0	0	0
Operating income (loss)	(381)	60	(1,094)	(644)
Avocados [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	540	935	543	935
Avocados [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Other agribusiness [Member]
Segment Reporting Information [Line Items]
Total net revenues	3,901	7,361	6,102	9,885
Costs and expenses	3,875	3,808	6,385	6,129
Depreciation and amortization	0	0	0	0
Operating income (loss)	26	3,553	(283)	3,756
Other agribusiness [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	3,901	7,361	6,102	9,885
Other agribusiness [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Rental Operations [Member]
Segment Reporting Information [Line Items]
Total net revenues	1,212	1,270	2,430	2,530
Costs and expenses	901	781	1,785	1,651
Depreciation and amortization	194	195	389	390
Operating income (loss)	117	294	256	489
Rental Operations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	1,212	1,270	2,430	2,530
Rental Operations [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Real Estate Development [Member]
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Costs and expenses	24	39	52	69
Depreciation and amortization	0	0	0	0
Operating income (loss)	(24)	(39)	(52)	(69)
Real Estate Development [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Real Estate Development [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Total net revenues	$ 0	$ 0	$ 0	$ 0

Segment Information (Segment Re

Segment Information (Segment Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	$ 42,035	$ 43,135	$ 84,053	$ 74,728
Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	42,035	43,135	84,053	74,728
Intersegment revenue [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	(8,157)	(7,152)	(15,201)	(12,076)
Lemon revenues [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	36,382	33,569	74,978	61,378
Fresh lemons [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	32,428	30,561	66,921	55,537
Fresh lemons [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	32,428	30,561	66,921	55,537
Fresh lemons [Member] | Intersegment revenue [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	0	0	0	0
Lemon packing [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	3,954	3,008	8,057	5,841
Lemon packing [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	12,111	10,160	23,258	17,917
Lemon packing [Member] | Intersegment revenue [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	8,157	7,152	15,201	12,076
Avocados [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	540	935	543	935
Avocados [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	540	935	543	935
Avocados [Member] | Intersegment revenue [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	0	0	0	0
Other agribusiness [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	3,901	7,361	6,102	9,885
Other agribusiness [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	3,901	7,361	6,102	9,885
Other agribusiness [Member] | Intersegment revenue [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	0	0	0	0
Agribusiness revenues [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	40,823	41,865	81,623	72,198
Agribusiness revenues [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	40,823	41,865	81,623	72,198
Agribusiness revenues [Member] | Intersegment revenue [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	0	0	0	0
Rental operations revenues [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	1,212	1,270	2,430	2,530
Rental operations revenues [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	1,212	1,270	2,430	2,530
Rental operations revenues [Member] | Intersegment revenue [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	0	0	0	0
Real estate development revenues [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	0	0	0	0
Real estate development revenues [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	0	0	0	0
Real estate development revenues [Member] | Intersegment revenue [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	0	0	0	0
Agribusiness [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	40,823	41,865	81,623	72,198
Navel and Valencia oranges [Member] | Other agribusiness [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	1,991	5,223	2,937	6,566
Specialty citrus and other crops [Member] | Other agribusiness [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	1,910	2,138	3,165	3,319
Residential And Commercial Rentals [Member] | Rental operations revenues [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	885	878	1,762	1,728
Leased Land [Member] | Rental operations revenues [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	224	326	493	654
Organic recycling [Member] | Rental operations revenues [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	103	$ 66	175	$ 148
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Accounting Standards Update 2014-09 [Member] | Agribusiness [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	162		456
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Accounting Standards Update 2014-09 [Member] | Agribusiness [Member] | Fresh lemons [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	$ 162		$ 456

Subsequent Events (Details)

Subsequent Events (Details)	May 30, 2019USD ($)a	Jul. 31, 2019	Feb. 28, 2019USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
Trust percentage acquired	51.00%
Purchase price	$ 15,000,000
Trapani Fresh [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Percentage of land held in trust operated by joint venture	75.00%
Trapani Fresh [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Ownership percentage	51.00%
Trapani Fresh [Member] | FGF Trapani [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Ownership percentage by noncontrolling owners		49.00%
Lemons [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Area of land | a	1,200
FGF Trapani [Member]
Subsequent Event [Line Items]
Loan receivable			$ 4,000,000
FGF Trapani [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Payments to acquire business	$ 7,500,000
Loan receivable, outstanding and borrowings	$ 7,500,000
Collateral, percentage of parcels	25.00%
Loan receivable	$ 3,500,000

Uncategorized Items - lmnr-2019

Label	Element	Value
Accounting Standards Update 2016-01 [Member] | AOCI Attributable to Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (15,921,000)
Accounting Standards Update 2016-01 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	15,921,000
Accounting Standards Update 2018-02 [Member] | AOCI Attributable to Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	1,724,000
Accounting Standards Update 2018-02 [Member] | Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (1,724,000)