Limoneira (LMNR) 10-Q 9 Jun 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Apr. 30, 2020	May 31, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Document Fiscal Period Focus	Limoneira CO
Entity Central Index Key	0001342423
Current Fiscal Year End Date	--10-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		17,857,707

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Apr. 30, 2020	Oct. 31, 2019
Current assets:
Cash	$ 1,264	$ 616
Accounts receivable, net	20,659	15,114
Cultural costs	4,161	7,223
Prepaid expenses and other current assets	11,291	8,153
Receivables/other from related parties	6,276	2,985
Income taxes receivable	5,906	979
Total current assets	49,557	35,070
Property, plant and equipment, net	246,721	248,114
Real estate development	19,361	17,602
Equity in investments	60,413	58,223
Investment in Calavo Growers, Inc.	0	17,346
Goodwill	1,523	1,839
Intangible assets, net	11,682	12,407
Other assets	9,403	9,266
Total assets	398,660	399,867
Current liabilities:
Accounts payable	10,451	4,974
Growers payable	5,629	14,500
Accrued liabilities	6,503	8,261
Payables to related parties	3,819	906
Current portion of long-term debt	3,045	3,023
Total current liabilities	29,447	31,664
Long-term liabilities:
Long-term debt, less current portion	124,294	105,892
Deferred income taxes	22,160	24,346
Other long-term liabilities	6,109	5,467
Total liabilities	182,010	167,369
Commitments and contingencies (See Note 18)
Stockholders’ equity:
Common Stock – $0.01 par value (39,000,000 shares authorized: 17,857,707 and 17,756,180 shares issued and outstanding at April 30, 2020 and October 31, 2019, respectively)	179	178
Additional paid-in capital	161,227	160,254
Retained earnings	38,850	53,089
Accumulated other comprehensive loss	(8,806)	(7,255)
Noncontrolling interest	14,390	15,422
Total stockholders’ equity	205,840	221,688
Total liabilities and stockholders’ equity	398,660	399,867
Series B Convertible Preferred Stock
Long-term liabilities:
Convertible Preferred Stock	1,479	1,479
Series B-2 Convertible Preferred Stock
Long-term liabilities:
Convertible Preferred Stock	9,331	9,331
Series A Junior Participating Preferred Stock
Stockholders’ equity:
Series A Junior Participating Preferred Stock – $0.01 par value (20,000 shares authorized: zero issued or outstanding at April 30, 2020 and October 31, 2019)	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	6 Months Ended	12 Months Ended
	Apr. 30, 2020	Oct. 31, 2019
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)	17,857,707	17,756,180
Common Stock, outstanding (in shares)	17,857,707	17,756,180
Series B Convertible Preferred Stock
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
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
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 ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Net revenues:
Agribusiness	$ 38,439	$ 40,823	$ 78,922	$ 81,623
Other	1,132	1,212	2,305	2,430
Total net revenues	39,571	42,035	81,227	84,053
Costs and expenses:
Agribusiness	35,949	37,078	78,492	75,994
Other operations	1,117	1,119	2,386	2,226
Selling, general and administrative	5,338	4,843	11,648	9,858
Total costs and expenses	42,404	43,040	92,526	88,078
Operating loss	(2,833)	(1,005)	(11,299)	(4,025)
Other (expense) income:
Interest expense, net	(1,052)	(686)	(997)	(539)
Equity in (loss) earnings of investments	(371)	1,927	(491)	1,969
(Loss) gain on stock in Calavo Growers, Inc.	(4,275)	3,612	(6,299)	(298)
Other (expense) income, net	(280)	56	235	360
Total other (expense) income	(5,978)	4,909	(7,552)	1,492
(Loss) income before income tax benefit (provision)	(8,811)	3,904	(18,851)	(2,533)
Income tax benefit (provision)	3,505	(1,084)	6,641	677
Net (loss) income	(5,306)	2,820	(12,210)	(1,856)
Net loss (income) attributable to noncontrolling interest	423	(5)	900	(22)
Net (loss) income attributable to Limoneira Company	(4,883)	2,815	(11,310)	(1,878)
Preferred dividends	(126)	(126)	(251)	(251)
Net (loss) income attributable to common stock	$ (5,009)	$ 2,689	$ (11,561)	$ (2,129)
Basic net (loss) income per common share (in dollars per share)	$ (0.29)	$ 0.15	$ (0.66)	$ (0.12)
Diluted net (loss) income per common share (in dollars per share)	$ (0.29)	$ 0.15	$ (0.66)	$ (0.12)
Weighted-average common shares outstanding-basic (in shares)	17,634,000	17,554,000	17,602,000	17,516,000
Weighted-average common shares outstanding-diluted (in shares)	17,634,000	18,225,000	17,602,000	17,516,000

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (5,306)	$ 2,820	$ (12,210)	$ (1,856)
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(619)	(452)	(1,886)	443
Minimum pension liability adjustment, net of tax of $50, $28, $27 and $55 for the three and six months ended April 30, 2020 and 2019, respectively.	60	72	195	146
Residual state tax effects on sale of equity securities	140	0	140	0
Total other comprehensive (loss) income, net of tax	(419)	(380)	(1,551)	589
Comprehensive (loss) income	(5,725)	2,440	(13,761)	(1,267)
Comprehensive loss attributable to noncontrolling interest	422	13	887	1
Comprehensive (loss) income attributable to Limoneira Company	$ (5,303)	$ 2,453	$ (12,874)	$ (1,266)

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Statement of Other Comprehensive Income [Abstract]
Minimum pension liability adjustment, tax	$ 50	$ 28	$ 27	$ 55

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY - USD ($) $ in Thousands	Total	Series B Preferred Stock	Series B2 Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Retained EarningsSeries B Preferred Stock	Retained EarningsSeries B2 Preferred Stock	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss)Cumulative Effect, Period of Adoption, Adjustment	Noncontrolling Interest
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 (ASU 2016-01) at Oct. 31, 2018							$ 15,921				$ (15,921)
Beginning balance (ASU 2018-02) at Oct. 31, 2018							(1,724)				1,724
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends Common ($0.075 per share)	(1,332)					(1,332)
Dividends		$ (32)	$ (93)					$ (32)	$ (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 (loss), 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
Beginning balance, temporary equity at Oct. 31, 2018		1,479	9,331
Ending balance, temporary equity at Jan. 31, 2019		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 (ASU 2016-01) at Oct. 31, 2018							15,921				(15,921)
Beginning balance (ASU 2018-02) at Oct. 31, 2018							$ (1,724)				$ 1,724
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(1,856)
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
Beginning balance, temporary equity at Oct. 31, 2018		1,479	9,331
Ending balance, temporary equity at Apr. 30, 2019		1,479	9,331
Beginning balance (in shares) at Jan. 31, 2019				17,772,753
Beginning balance at Jan. 31, 2019	214,450			$ 178	159,555	58,401				(4,263)		579
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends Common ($0.075 per share)	(1,333)					(1,333)
Dividends		(33)	(93)					(33)	(93)
Stock compensation (in shares)				0
Stock compensation	437			$ 0	437
Net (loss) income	2,820					2,815						5
Other comprehensive income (loss), 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
Beginning balance, temporary equity at Jan. 31, 2019		1,479	9,331
Ending balance, temporary equity at Apr. 30, 2019		1,479	9,331
Beginning balance (in shares) at Oct. 31, 2019				17,756,180
Beginning balance at Oct. 31, 2019	221,688			$ 178	160,254	53,089				(7,255)		15,422
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends Common ($0.075 per share)	(1,338)					(1,338)
Dividends		(32)	(93)					(32)	(93)
Stock compensation (in shares)				112,841
Stock compensation	829			$ 1	828
Exchange of common stock (in shares)				(11,314)
Exchange of common stock	(213)				(213)
Net (loss) income	(6,904)					(6,427)						(477)
Other comprehensive income (loss), net of tax	(1,120)									(1,132)		12
Ending balance (in shares) at Jan. 31, 2020				17,857,707
Ending balance at Jan. 31, 2020	212,817			$ 179	160,869	45,199				(8,387)		14,957
Beginning balance, temporary equity at Oct. 31, 2019		1,479	9,331
Ending balance, temporary equity at Jan. 31, 2020		1,479	9,331
Beginning balance (in shares) at Oct. 31, 2019				17,756,180
Beginning balance at Oct. 31, 2019	221,688			$ 178	160,254	53,089				(7,255)		15,422
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(12,210)
Ending balance (in shares) at Apr. 30, 2020				17,857,707
Ending balance at Apr. 30, 2020	205,840			$ 179	161,227	38,850				(8,806)		14,390
Beginning balance, temporary equity at Oct. 31, 2019		1,479	9,331
Ending balance, temporary equity at Apr. 30, 2020		1,479	9,331
Beginning balance (in shares) at Jan. 31, 2020				17,857,707
Beginning balance at Jan. 31, 2020	212,817			$ 179	160,869	45,199				(8,387)		14,957
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends Common ($0.075 per share)	(1,341)					(1,341)
Dividends		(32)	(93)					$ (32)	$ (93)
Stock compensation (in shares)				0
Stock compensation	358			$ 0	358
Noncontrolling interest adjustment	(145)											(145)
Net (loss) income	(5,306)					(4,883)						(423)
Other comprehensive income (loss), net of tax	(418)									(419)		1
Ending balance (in shares) at Apr. 30, 2020				17,857,707
Ending balance at Apr. 30, 2020	$ 205,840			$ 179	$ 161,227	$ 38,850				$ (8,806)		$ 14,390
Beginning balance, temporary equity at Jan. 31, 2020		1,479	9,331
Ending balance, temporary equity at Apr. 30, 2020		$ 1,479	$ 9,331

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Apr. 30, 2020	Jan. 31, 2020	Apr. 30, 2019	Jan. 31, 2019
Dividends on common stock (in dollars per share)	$ 0.075	$ 0.075	$ 0.075	$ 0.075
Series B Preferred Stock
Dividends on preferred stock (in dollars per share)	2.19	2.19	2.19	2.19
Series B2 Preferred Stock
Dividends on preferred stock (in dollars per share)	$ 10	$ 10	$ 10	$ 10

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Apr. 30, 2020	Jan. 31, 2020	Apr. 30, 2019	Jan. 31, 2019	Apr. 30, 2020	Apr. 30, 2019	Oct. 31, 2019
Operating activities
Net loss	$ (5,306)	$ (6,904)	$ 2,820	$ (4,676)	$ (12,210)	$ (1,856)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	2,433		2,121		4,998	4,247
Loss (gain) on disposals of assets					264	(11)
Stock compensation expense					1,187	1,228
Non-cash lease expense					228	0
Equity in loss (earnings) of investments	371		(1,927)		491	(1,969)
Cash distributions from equity investments					0	282
Deferred income taxes					(6,641)	(642)
Accrued interest on notes receivable					(12)	(92)
Loss on stock in Calavo Growers, Inc.	4,275		(3,612)		6,299	298
Changes in operating assets and liabilities:
Accounts receivable					(2,953)	(5,838)
Cultural costs					3,001	2,608
Prepaid expenses and other current assets					(4,620)	(1,409)
Income taxes receivable					0	378
Other assets					80	(130)
Accounts payable and growers payable					(3,841)	9,947
Accrued liabilities					(2,360)	(2,927)
Other long-term liabilities					291	(96)
Net cash (used in) provided by operating activities					(15,798)	4,018
Investing activities
Capital expenditures					(5,415)	(8,151)
Agriculture property acquisition					0	(397)
Payments to FGF Trapani					0	(4,000)
Net proceeds from sale of stock in Calavo Growers, Inc.					11,048	0
Collections of installments on note receivable					0	150
Equity investment contributions					(2,800)	(4,000)
Loan to Limoneira Lewis Community Builders, LLC					(1,800)	0
Investments in mutual water companies					(51)	(16)
Insurance proceeds received					250	0
Net cash provided by (used in) investing activities					1,232	(16,414)
Financing activities
Borrowings of long-term debt					71,275	58,340
Repayments of long-term debt					(52,771)	(41,844)
Dividends paid – common					(2,679)	(2,665)
Dividends paid – preferred					(250)	(251)
Exchange of common stock					(213)	(305)
Net cash provided by financing activities					15,362	13,275
Effect of exchange rate changes on cash					(148)	3
Net increase in cash					648	882
Cash at beginning of period		$ 616		$ 609	616	609	$ 609
Cash at end of period	$ 1,264		$ 1,491		1,264	1,491	$ 616
Supplemental disclosures of cash flow information
Cash paid during the period for interest, net of amounts capitalized					981	1,327
Cash paid during the period for income taxes, net of refunds					0	130
Non-cash investing and financing activities:
Decrease in real estate development and sale-leaseback deferral					0	(58,330)
Reclassification from real estate development to equity in investments					0	(33,353)
Capital expenditures accrued but not paid at period-end					1,734	400
Accrued contribution obligation of investment in water company					450	450
Accrued Series B-2 Convertible Preferred Stock dividends					$ 31	$ 31

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	1 Months Ended
	Feb. 29, 2020	Dec. 31, 2018
Decrease in real estate development and sale lease-back deferral		$ 58,330
Reclassification from joint venture to equity in investments		$ 33,353
Farm Credit West
Annual dividend patronage received	$ 966
Reduction in interest expense	667
Reduction in real estate development assets	$ 299

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
	Apr. 30, 2020
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, Europe 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 the majority 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. Calavo packs the Company’s avocados, 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 the Company holds a controlling interest. 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, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Changes in Accounting Policies On November 1, 2019, the Company adopted Financial Accounting Standards Board ("FASB") - Accounting Standards Update ("ASU") 2016-02, Leases (as amended, "ASU 2016-02" or the "New Lease Standard"). A lease is defined as a contract that conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The Company enters into contracts that are, or contain, leases as both a lessee and a lessor. The following accounting policies have been updated as part of the adoption of the New Lease Standard. Leases Accounting for Operating Leases as a Lessee - In its ordinary course of business, the Company enters into leases as a lessee generally for agricultural land and packinghouse equipment. The Company determines if an arrangement is a lease or contains a lease at inception. Operating leases are included in other assets, accrued liabilities and other long-term liabilities on its consolidated balance sheets. Operating lease right-of-use (“ROU”) assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease, measured on a discounted basis. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As none of the Company’s leases provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet as the Company has elected to recognize lease expense for these leases on a straight-line basis over the lease term. The Company has material leases with related parties which are further described in Note 15 - Related-Party Transactions . 2. Summary of Significant Accounting Policies (continued) Leases (continued) Certain of the Company’s agricultural land agreements contain variable costs based on a percentage of the operating results of the leased property. Such variable lease costs are expensed as incurred. These land agreements also contain costs for non-lease components, such as water usage, which the Company accounts for separately from the lease components. For all other agreements, the Company generally combines lease and non-lease components in calculating the ROU assets and lease liabilities. See Note 13 - Leases for additional information. Accounting for Leases as a Lessor - Leases in which the Company acts as the lessor include land, residential and commercial units and are all classified as operating leases. Certain of the Company’s contracts contain variable income based on a percentage of the operating results of the leased asset. Certain of the Company’s contracts contain non-lease components such as water, utilities and common area services. The Company has elected to not separate lease and non-lease components for its lessor arrangements and the combined component is accounted for entirely under Accounting Standards Codification ("ASC") 842, Leases . The underlying asset in an operating lease arrangement is carried at depreciated cost within property, plant, and equipment, net on the consolidated balance sheets. Depreciation is calculated using the straight-line method over the useful life of the underlying asset. The Company recognizes operating lease revenue on a straight-line basis over the lease term. Comprehensive (Loss) Income Comprehensive (loss) income represents all changes in a company’s net assets, except changes resulting from transactions with shareholders, and is reported as a component of the Company’s stockholders’ equity. As of April 30, 2020 , the components of accumulated other comprehensive loss, net of tax, consist of accumulated foreign currency translation losses of $4,248,000 and accumulated pension losses of $4,558,000 . As of October 31, 2019, accumulated other comprehensive loss consisted of accumulated foreign currency translation losses of $2,362,000 , accumulated pension losses of $4,753,000 and accumulated losses related to available for sale securities of $140,000 . Reclassifications and Adjustments Certain reclassifications have been made to the prior years’ consolidated financial statements to conform to the April 30, 2020 presentation. The Company reclassified receivables/other from related parties and payables to related parties of $2,985,000 and $906,000 , respectively, as of October 31, 2019 , from accounts receivable, net, and accrued liabilities, respectively. Recent Accounting Pronouncements FASB ASU 2016-02, Leases (Topic 842) and related ASUs, including ASU 2018-11, Leases (Topic 842): Targeted Improvements In February 2016, the FASB issued ASU 2016-02, which requires an entity to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. ASU 2016-02 offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. In July 2018, the FASB issued ASU 2018-11 which, among other things, provides administrative relief by allowing entities to implement the lease standard on a modified retrospective basis (the "Optional Transition Method"). Effectively, the Optional Transition Method permits companies to adopt the lease standard through a cumulative effect adjustment to their opening balance sheet on the date of adoption and report under the New Lease Standard on a post-adoption basis. The Company adopted ASU 2016-02 effective November 1, 2019 using the Optional Transition Method. The Company elected the package of practical expedients permitted under the transition guidance, which allows the Company to carry forward its historical lease classification, its assessment of whether a contract is or contains a lease, and its initial direct costs for any leases that existed prior to adoption of the New Lease Standard. The Company elected the hindsight practical expedient, which permits the use of hindsight when determining lease term and impairment of ROU assets. The Company did not elect to combine lease and non-lease components for land leases but elected to combine lease and non-lease components for all other asset classes. The Company also elected to keep leases with an initial term of 12 months or less off the balance sheet and recognize the associated lease payments in the consolidated statements of operations on a straight-line basis over the lease term. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. The Company updated its accounting policies, processes and internal controls in order to meet the New Lease Standard's reporting and disclosure requirements. 2. Summary of Significant Accounting Policies (continued) Recent Accounting Pronouncements (continued) The adoption of ASU 2016-02 had a material impact on its consolidated balance sheets, but did not have a material impact on its consolidated statements of operations or its consolidated statements of cash flows. Upon adoption as of November 1, 2019, the Company recorded ROU assets of $2,400,000 and lease liabilities of $2,500,000 for operating leases in which the Company is a lessee. The adoption also included an immaterial reclassification of accrued rent liabilities against the ROU asset balance. As of November 1, 2019, there were no material finance leases for which the Company was a lessee. The adoption of ASU 2016-02 did not change the Company’s accounting for its operating leases in which it acts as the lessor. See Note 13 - Leases for additional information. FASB ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, and related ASUs This amendment requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. ASU 2016-13 is effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early application is permitted for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company does not expect this ASU to have a material impact on its consolidated financial statements. 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. 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. FASB ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes This amendment removes specific exceptions to the general principles in Topic 740 in GAAP. It eliminates the need for an organization to analyze whether certain exceptions apply in a given period. The amendment also improves financial statement preparers’ application of income tax-related guidance and simplifies GAAP under certain situations. ASU 2019-12 is effective for public business entities, for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. An entity that elects early adoption in an interim period should reflect any adjustments as of the beginning of the annual period that includes that interim period. Additionally, an entity that elects early adoption should adopt all the amendments in the same period. The Company early adopted this ASU as of November 1, 2019 and the adoption did not have a material impact on its consolidated financial statements. Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") On March 27, 2020, the CARES Act was signed into law. The CARES Act provides numerous tax provisions and other stimulus measures, including temporary changes regarding the prior and future utilization of net operating losses, temporary changes to the prior and future limitations on interest deductions, temporary suspension of certain payment requirements for the employer portion of Social Security taxes, the creation of certain refundable employee retention credits, and technical corrections from prior tax legislation for tax depreciation of certain qualified improvement property. The Company has evaluated the impact on its consolidated financial statements at April 30, 2020 and has estimated the impact of approximately $1,380,000 of income tax benefit and $4,924,000 federal tax refund utilizing net operating loss provisions of the CARES Act. The Company anticipates it will benefit from the utilization of net operating losses, the technical correction for qualified leasehold improvements eligible for 100% tax bonus depreciation and potentially other provisions within the CARES Act.

Acquisitions

Acquisitions	6 Months Ended
	Apr. 30, 2020
Business Combinations [Abstract]
Acquisitions	Acquisitions Business Combination Trapani Fresh On May 30, 2019, the Company acquired a 51% interest in a joint venture, Trapani Fresh, formed with FGF Trapani (“FGF”), a multi-generational, family-owned citrus operation in Argentina. To consummate the transaction, the Company formed a subsidiary under the name Limoneira Argentina S.A.U. (“Limoneira Argentina”) as the managing partner 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. Trapani Fresh controls the trust and grows, packs, markets and sells fresh citrus. Total consideration paid for the Company’s interest in Trapani Fresh was $15,000,000 and transaction costs of approximately $654,000 were included in selling, general and administrative expense during the fiscal year ended October 31, 2019. In February 2020, FGF agreed to a decrease in the purchase consideration of $152,000 to reflect profits that Limoneira Argentina would have received had the transaction been consummated at the beginning of the 2019 lemon export season. The Company has recorded a receivable from FGF, a decrease in non-controlling interest and a decrease in goodwill. Below is a summary of the fair value of the net assets acquired on the acquisition date based on a third-party valuation, which was finalized during the second quarter of fiscal year 2020 (in thousands): Cultural costs $ 3,270 Land and land improvements 9,520 Buildings and improvements 870 Orchards 8,410 Customer relationships, trademarks and non-competition agreement (10-year useful life) 6,920 Goodwill 123 Total assets acquired 29,113 Noncontrolling interest (14,265 ) Net cash paid $ 14,848 Goodwill of $123,000 relates to synergies of the operations, has been allocated to the fresh lemons segment and is currently not expected to be deductible for tax purposes. Revenue of $14,651,000 and net income of $999,000 of Trapani Fresh were included in the Company’s consolidated statement of operations from the acquisition date to the period ended October 31, 2019. The unaudited, pro forma consolidated statement of operations as if Trapani Fresh had been included in the consolidated results of the Company for the years ended October 31, 2019 and 2018 would have resulted in revenues of $177,625,000 and $153,033,000 , respectively, and net (loss) income of $(6,092,000) and $21,942,000 , respectively.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Apr. 30, 2020
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 as of October 31, 2019 , which were measured on a recurring basis during the period, segregated by level within the fair value hierarchy (in thousands): October 31, 2019 Level 1 Level 2 Level 3 Total Assets at fair value: Equity securities $ 17,346 $ — $ — $ 17,346 4. Fair Value Measurements (continued) Equity securities consisted of marketable securities in Calavo common stock. At October 31, 2019 , the Company owned 200,000 shares which represented approximately 1.1% of Calavo’s outstanding common stock at a stock price of $97.00 per share. These securities were measured at fair value by quoted market prices and changes in fair value were included in the statement of operations. In March 2020, the Company sold all 200,000 shares of Calavo common stock for a total of $11,048,000 , recognizing a loss of $4,275,000 and $6,299,000 , for the three and six months ended April 30, 2020 , respectively, which is included in other (expense) income in the consolidated statement of operations. In fiscal year 2019, the Company sold 50,000 shares of Calavo common stock for a total of $4,786,000 , recognizing a loss of $63,000 , which was included in other (expense) income in the consolidated statement of operations.

Concentrations and Geographic I

Concentrations and Geographic Information	6 Months Ended
	Apr. 30, 2020
Risks and Uncertainties [Abstract]
Concentrations and Geographic Information	Concentrations and Geographic Information Lemons procured from third-party growers were 60% and 59% of the Company's lemon supply in the three months ended April 30, 2020 and 2019 , respectively. Lemons procured from third-party growers were 58% and 59% of the Company's lemon supply in the six months ended April 30, 2020 and 2019 , respectively, of which one third-party grower was 12% of lemon supply as of April 30, 2020 . The Company sells the majority of its avocado production to Calavo and the majority of its oranges and specialty citrus to a third-party packinghouse. Concentrations of credit risk with respect to trade receivables are limited due to a large, diverse customer base. During the three and six months ended April 30, 2020 , the Company had approximately $921,000 and $1,460,000 of lemon and orange sales in Chile by PDA and San Pablo, respectively, and $2,280,000 and $2,479,000 of lemon and orange sales in Argentina by Trapani Fresh, respectively. During the three and six months ended April 30, 2019 , the Company had approximately $907,000 , and $1,545,000 of lemon and orange sales in Chile by PDA and San Pablo, respectively.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	6 Months Ended
	Apr. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following (in thousands): April 30, October 31, 2019 Prepaid supplies and insurance $ 4,329 $ 3,199 Note receivable and related interest 2,489 181 Real estate development held-for-sale 2,543 2,543 Lemon supplier advances and other 1,930 2,230 $ 11,291 $ 8,153

Real Estate Development

Real Estate Development	6 Months Ended
	Apr. 30, 2020
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, Retained Property - East Area I $ 12,845 $ 11,943 East Area II 6,516 5,659 $ 19,361 $ 17,602 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 (“LLCB” or “Joint Venture”) as the development entity, contributed its East Area I property to LLCB and sold a 50% interest in LLCB to Lewis for $20,000,000 . 7. Real Estate Development (continued) East Area I, Retained Property and East Area II (continued) 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. The balance includes estimated costs incurred by and reimbursable to LLCB of $2,850,000 at April 30, 2020 , which is included in payables to related parties and $1,200,000 at October 31, 2019 , which was included in other long-term liabilities. In January 2018, the Joint Venture entered into a $45,000,000 unsecured Line of Credit Loan Agreement and Promissory Note (the “Loan”) with Bank of America, N.A. to fund early development activities. The Loan originally was scheduled to mature in January 2020 and was extended to February 22, 2021 per the terms thereof. The interest rate on the Loan is LIBOR plus 2.85% and is payable monthly. The Loan contains certain customary default provisions and the Joint Venture may prepay any amounts outstanding under the Loan without penalty. The extension had no impact on the Company's loan guarantee $1,080,000 value as of April 30, 2020 . In February 2018, certain principals from Lewis and by the Company guaranteed the obligations under the Loan. The guarantee shall continue in effect until all of the Loan obligations are fully paid and the guarantors are jointly and severally liable for all Loan obligations in the event of default by the Joint Venture. The Joint Venture recorded the Loan balance of $45,000,000 as of April 30, 2020 . The Company made contributions to the Joint Venture of $2,800,000 and $4,000,000 in the six months ended April 30, 2020 and 2019 , respectively. Additionally, in February 2020 the Company and Lewis each loaned $1,800,000 to the Joint Venture at an interest rate of 4.6% originally due May 31, 2020 and extended to August 31, 2020. Other Real Estate Development Projects The remaining real estate development parcel within the Templeton Santa Barbara, LLC project is described as Sevilla. The Company's net carrying value of Sevilla was $2,543,000 , as of April 30, 2020 and October 31, 2019 , respectively, which has been included in prepaid expenses and other current assets. The expenses associated with this property were immaterial. During December 2017, the Company sold its Centennial property with a net book value of $2,983,000 for $3,250,000 . The Company received cash and a $3,000,000 promissory note secured by the property for the balance of the purchase. The promissory note was originally scheduled to mature in December 2019 but was extended to December 15, 2020 and the interest rate was reset to equal to the 6-month LIBOR plus 2.75% on the outstanding principal balance of the note, interest only paid monthly on the first day of each month beginning January 1, 2020. At April 30, 2020 , the net carrying value of the note was $2,489,000 and classified in prepaid expenses and other current assets. In the first quarter of fiscal year 2020, the Company entered into an agreement to sell its Sevilla property for $2,700,000 , which is expected to close in fiscal year 2020. After transaction and other costs, the Company expects to receive cash proceeds of approximately $2,550,000 and recognize an immaterial gain upon closing. At April 30, 2020 , the $2,543,000 carrying value of the property was 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, 2020
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, 2019 Limoneira Lewis Community Builders, LLC $ 56,755 $ 54,016 Limco Del Mar, Ltd. 1,928 1,950 Rosales 1,218 1,745 Romney Property Partnership 512 512 $ 60,413 $ 58,223 8. Equity in Investments (continued) Unconsolidated Significant Subsidiary In accordance with Rule 10-01(b)(1) of Regulation S-X, which applies to 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. Summarized income statement information of an equity method investee is required in an interim report if either of the two tests exceed 20% in the interim periods presented. During the year-to-date interim period for the six months ended April 30, 2019 , this threshold was met for the LLCB and thus summarized income statement information is presented in this Quarterly Report on Form 10-Q. The following is unaudited summarized financial information for LLCB (in thousands): Six Months Ended April 30, 2020 2019 Revenues $ 4,768 $ 30,354 Cost of land sold 3,975 22,005 Operating expenses 649 107 Net income $ 144 $ 8,242 Net income attributable to Limoneira Company $ 132 $ 3,481

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Apr. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets A summary of the change in the carrying amount of goodwill is as follows (in thousands): Goodwill Net Carrying Amount October 31, 2019 $ 1,839 Trapani Fresh purchase price adjustment (297 ) Foreign currency translation adjustment (19 ) April 30, 2020 $ 1,523 See Note 3 - Acquisitions for additional information regarding the acquisition of Trapani Fresh. Goodwill is tested for impairment on an annual basis or when an event or changes in circumstances indicate that its carrying value may not be recoverable. There have been no impairment charges recorded against goodwill as of April 30, 2020 . Intangible assets consisted of the following as of April 30, 2020 and October 31, 2019 (in thousands): April 30, 2020 October 31, 2019 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life in Years Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life in Years Trade names and trademarks $ 3,786 $ (698 ) $ 3,088 10 $ 3,786 $ (542 ) $ 3,244 10 Customer relationships 5,010 (781 ) 4,229 9 5,010 (500 ) 4,510 9 Non-competition agreement 1,040 (95 ) 945 10 1,040 (42 ) 998 10 Acquired water and mineral rights 3,420 — 3,420 Indefinite 3,655 — 3,655 Indefinite $ 13,256 $ (1,574 ) $ 11,682 $ 13,491 $ (1,084 ) $ 12,407 9. Goodwill and Intangible Assets (continued) Amortization expense totaled $205,000 and $89,000 for the three months ended April 30, 2020 and 2019 , respectively. Amortization expense totaled $490,000 and $178,000 for the six months ended April 30, 2020 and 2019 , respectively. Estimated future amortization expense of intangible assets as of April 30, 2020 are as follows (in thousands): 2020 (excluding the six months ended April 30, 2020) $ 547 2021 1,027 2022 976 2023 976 2024 976 Thereafter 3,760 $ 8,262

Other Assets

Other Assets	6 Months Ended
	Apr. 30, 2020
Other Assets [Abstract]
Other Assets	Other Assets Investments in Mutual Water Companies The Company’s investments in various not-for-profit mutual water companies provide the Company with the right to receive a proportionate share of water from each of the not-for-profit mutual water companies that have been invested in and do not constitute voting shares and/or rights. Amounts included in other assets in the consolidated balance sheets as of April 30, 2020 and October 31, 2019 were $6,000,000 and $5,499,000 , respectively.

Accrued Liabilities

Accrued Liabilities	6 Months Ended
	Apr. 30, 2020
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consist of the following (in thousands): April 30, October 31, 2019 Compensation $ 1,386 $ 1,973 Property taxes — 652 Lemon and orange supplier payables 78 899 Allowances and packing and harvest expenses 2,190 3,191 Other 2,849 1,546 $ 6,503 $ 8,261

Long-Term Debt

Long-Term Debt	6 Months Ended
	Apr. 30, 2020
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt is comprised of the following (in thousands): April 30, October 31, 2019 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 0.94% at April 30, 2020, plus 1.60%. 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. $ 102,908 $ 82,843 Farm Credit West term loan: Effective October 1, 2019, the interest rate was fixed at 3.76%. The loan is payable in quarterly installments through November 2022. 1,741 2,035 Farm Credit West term loan: Effective October 1, 2019, the interest rate was fixed at 4.14%. The loan is payable in monthly installments through October 2035. 1,054 1,078 Farm Credit West term loan: Effective October 1, 2019, the interest rate was fixed at 4.17%. The loan is payable in monthly installments through March 2036. 8,634 8,823 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. 6,375 6,522 Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023. 4,229 4,955 Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 1,094 1,386 Note Payable: the interest rate ranges from 5.00% to 7.00% and was 6.00% at April 30, 2020. The loan includes interest only monthly payments and principal is due in February 2023. 1,435 1,435 Subtotal 127,470 109,077 Less deferred financing costs, net of accumulated amortization 131 162 Total long-term debt, net 127,339 108,915 Less current portion 3,045 3,023 Long-term debt, less current portion $ 124,294 $ 105,892 In June 2017, the Company entered into a Master Loan Agreement (the “Loan Agreement”) with Farm Credit West that includes a Revolving Credit Supplement and a Non-Revolving Credit Supplement (the “Supplements”). In January 2018, the Company amended the Revolving Credit Supplement to increase the borrowing capacity from $60,000,000 to $75,000,000 . In March 2020, the Company entered into a revolving equity line of credit promissory note and loan agreement with Farm Credit West for a $15,000,000 Revolving Equity Line of Credit (the "RELOC") secured by a first lien on the Windfall Investors, LLC property. The loan matures in 2043 and features a 3 -year draw period followed by 20 years of fully amortized loan payments. The interest rate is variable with monthly interest-only payments during the 3 -year draw period and monthly principal and interest payments thereafter. The Supplements and RELOC provide aggregate borrowing capacity of $130,000,000 comprised of $75,000,000 under the Revolving Credit Supplement, $40,000,000 under the Non-Revolving Credit Supplement and $15,000,000 under the RELOC. The borrowing capacity based on collateral value was $130,000,000 at April 30, 2020 . All indebtedness under the Loan Agreement, including any indebtedness under the Supplements, is secured by a first lien on certain of its agricultural properties in Tulare, Ventura and San Luis Obispo 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. In December 2019, Farm Credit West declared an annual cash patronage dividend of 1.00% of average eligible loan balances. The Company received $966,000 in February 2020. 12. Long-Term Debt (continued) Under the Loan Agreement the Company is required to comply with a minimum debt service coverage ratio (as calculated in accordance with the Loan Agreement) of 1.25 :1.0 measured as of October 31 each year. On May 29, 2020, the Loan Agreement was amended to adjust the debt service ratio to 1.00 :1.0 for October 31, 2020. Interest is capitalized on non-bearing orchards, real estate development projects and significant construction in progress. The Company capitalized interest of $355,000 and $344,000 during the three months ended April 30, 2020 and 2019 , respectively, and $444,000 and $611,000 during the six months ended April 30, 2020 and 2019 , respectively. Capitalized interest is included in property, plant and equipment and real estate development assets in the Company’s consolidated balance sheets.

Leases

Leases	6 Months Ended
	Apr. 30, 2020
Leases [Abstract]
Leases	Leases Lessor Arrangements The Company enters into leasing transactions in which it rents certain of its assets and the Company is the lessor. These lease contracts are typically classified as operating leases with remaining terms ranging from one month to 23 years , with various renewal terms available. All of the residential rentals have month to month lease terms. The following table presents the components of the Company’s operating lease portfolio included in property, plant and equipment, net as of the dates indicated (in thousands): April 30, 2020 October 31, 2019 Land $ 1,279 $ 1,279 Buildings, equipment and building improvements 22,841 22,841 Less accumulated depreciation (7,877 ) (7,551 ) Property, plant and equipment, net under operating leases $ 16,243 $ 16,569 Depreciation expense for assets under operating leases was approximately $160,000 and $326,000 for the three and six months ended April 30, 2020 . The Company’s rental operations revenue consists of the following (in thousands): Three Months Ended Six Months Ended Operating lease revenue $ 1,061 $ 2,157 Variable lease revenue 71 148 Total lease revenue $ 1,132 $ 2,305 The future minimum lease payments to be received by the Company related to these operating lease agreements as of April 30, 2020 are as follows (in thousands): 2020 (excluding the six months ended April 30, 2020) $ 563 2021 659 2022 469 2023 339 2024 42 Thereafter 758 Total $ 2,830 13. Leases (continued) Lessee Arrangements The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are typically classified as operating leases. The Company’s lease contracts are generally for agricultural land and packinghouse equipment with remaining lease terms ranging from one to 18 years , with various term extensions available. The Company’s lease agreements do not contain any residual value guarantees or material restrictive covenants. Leases with an initial term of 12 months or less are not recorded on the balance sheet and the Company recognizes lease expense for these leases on a straight-line basis over the lease term. As of April 30, 2020 , there were no material finance leases for which the Company was a lessee. Operating lease costs were $137,000 and $274,000 for the three and six months ended April 30, 2020 , respectively, which are primarily included in agribusiness costs and expenses in the Company’s consolidated statements of operations. Variable and short term lease costs were immaterial. Supplemental balance sheet information related to leases consists of the following (in thousands): Classification April 30, 2020 Assets Operating lease ROU assets Other assets $ 2,187 Liabilities and Stockholders' Equity Current operating lease liabilities Accrued liabilities 540 Non-current operating lease liabilities Other long-term liabilities 1,693 Total operating lease liabilities $ 2,233 Weighted-average remaining lease term (in years) 11.0 Weighted-average discount rate 3.9 % Supplemental cash flow information related to leases consists of the following (in thousands): Three Months Ended Six Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 122 $ 306 ROU assets obtained in exchange for new operating lease liabilities $ — $ — Future minimum lease payments under non-cancellable leases for the remainder of fiscal year 2020 , each of the subsequent four fiscal years and thereafter are as follows (in thousands): 2020 (excluding the six months ended April 30, 2020) $ 240 2021 481 2022 330 2023 154 2024 134 Thereafter 1,450 Total lease payments 2,789 Less: Imputed interest (556 ) Total $ 2,233 13. Leases (continued) In addition to operating lease commitments, the Company also has a contract for pollination services which does not meet the definition of a lease, with minimum future payments of $153,000 for the remainder of fiscal year 2020 , $307,000 for each of the fiscal years 2021 and 2022 and $51,000 in fiscal year 2023 . A summary of the Company’s future minimum payments for obligations under non-cancellable operating leases as of October 31, 2019 was as follows (in thousands): 2020 $ 688 2021 492 2022 291 2023 154 2024 134 Thereafter 1,382 $ 3,141
Leases	Leases Lessor Arrangements The Company enters into leasing transactions in which it rents certain of its assets and the Company is the lessor. These lease contracts are typically classified as operating leases with remaining terms ranging from one month to 23 years , with various renewal terms available. All of the residential rentals have month to month lease terms. The following table presents the components of the Company’s operating lease portfolio included in property, plant and equipment, net as of the dates indicated (in thousands): April 30, 2020 October 31, 2019 Land $ 1,279 $ 1,279 Buildings, equipment and building improvements 22,841 22,841 Less accumulated depreciation (7,877 ) (7,551 ) Property, plant and equipment, net under operating leases $ 16,243 $ 16,569 Depreciation expense for assets under operating leases was approximately $160,000 and $326,000 for the three and six months ended April 30, 2020 . The Company’s rental operations revenue consists of the following (in thousands): Three Months Ended Six Months Ended Operating lease revenue $ 1,061 $ 2,157 Variable lease revenue 71 148 Total lease revenue $ 1,132 $ 2,305 The future minimum lease payments to be received by the Company related to these operating lease agreements as of April 30, 2020 are as follows (in thousands): 2020 (excluding the six months ended April 30, 2020) $ 563 2021 659 2022 469 2023 339 2024 42 Thereafter 758 Total $ 2,830 13. Leases (continued) Lessee Arrangements The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are typically classified as operating leases. The Company’s lease contracts are generally for agricultural land and packinghouse equipment with remaining lease terms ranging from one to 18 years , with various term extensions available. The Company’s lease agreements do not contain any residual value guarantees or material restrictive covenants. Leases with an initial term of 12 months or less are not recorded on the balance sheet and the Company recognizes lease expense for these leases on a straight-line basis over the lease term. As of April 30, 2020 , there were no material finance leases for which the Company was a lessee. Operating lease costs were $137,000 and $274,000 for the three and six months ended April 30, 2020 , respectively, which are primarily included in agribusiness costs and expenses in the Company’s consolidated statements of operations. Variable and short term lease costs were immaterial. Supplemental balance sheet information related to leases consists of the following (in thousands): Classification April 30, 2020 Assets Operating lease ROU assets Other assets $ 2,187 Liabilities and Stockholders' Equity Current operating lease liabilities Accrued liabilities 540 Non-current operating lease liabilities Other long-term liabilities 1,693 Total operating lease liabilities $ 2,233 Weighted-average remaining lease term (in years) 11.0 Weighted-average discount rate 3.9 % Supplemental cash flow information related to leases consists of the following (in thousands): Three Months Ended Six Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 122 $ 306 ROU assets obtained in exchange for new operating lease liabilities $ — $ — Future minimum lease payments under non-cancellable leases for the remainder of fiscal year 2020 , each of the subsequent four fiscal years and thereafter are as follows (in thousands): 2020 (excluding the six months ended April 30, 2020) $ 240 2021 481 2022 330 2023 154 2024 134 Thereafter 1,450 Total lease payments 2,789 Less: Imputed interest (556 ) Total $ 2,233 13. Leases (continued) In addition to operating lease commitments, the Company also has a contract for pollination services which does not meet the definition of a lease, with minimum future payments of $153,000 for the remainder of fiscal year 2020 , $307,000 for each of the fiscal years 2021 and 2022 and $51,000 in fiscal year 2023 . A summary of the Company’s future minimum payments for obligations under non-cancellable operating leases as of October 31, 2019 was as follows (in thousands): 2020 $ 688 2021 492 2022 291 2023 154 2024 134 Thereafter 1,382 $ 3,141

Basic and Diluted Net (Loss) In

Basic and Diluted Net (Loss) Income per Share	6 Months Ended
	Apr. 30, 2020
Earnings Per Share [Abstract]
Basic and Diluted Net (Loss) Income per Share	Basic and Diluted Net (Loss) Income per Share Basic net (loss) income 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 (loss) income 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 Six Months Ended 2020 2019 2020 2019 Basic net (loss) income per common share: Net (loss) income applicable to common stock $ (5,009 ) $ 2,689 $ (11,561 ) $ (2,129 ) Effect of unvested, restricted stock (17 ) (16 ) (34 ) (33 ) Numerator: Net (loss) income for basic EPS (5,026 ) 2,673 (11,595 ) (2,162 ) Denominator: Weighted average common shares-basic 17,634 17,554 17,602 17,516 Basic net (loss) income per common share $ (0.29 ) $ 0.15 $ (0.66 ) $ (0.12 ) Diluted net (loss) income per common share: Numerator: Net (loss) income for diluted EPS $ (5,026 ) $ 2,815 $ (11,595 ) $ (2,162 ) Weighted average common shares–basic 17,634 17,554 17,602 17,516 Effect of dilutive unvested, restricted stock and preferred stock — 671 — — Denominator: Weighted average common shares–diluted 17,634 18,225 17,602 17,516 Diluted net (loss) income per common share $ (0.29 ) $ 0.15 $ (0.66 ) $ (0.12 ) Diluted (losses) earnings per common share are computed using the more dilutive method of either the two-class method or the treasury stock 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 220,000 and 140,000 , 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, 2020 and 2019 , respectively, and 196,000 and 219,000 for the six months ended April 30, 2020 and 2019 , respectively.

Related-Party Transactions

Related-Party Transactions	6 Months Ended
	Apr. 30, 2020
Related Party Transactions [Abstract]
Related-Party Transactions	Related-Party Transactions The Company has transactions with various related-parties as summarized in the tables below (in thousands): April 30, 2020 October 31, 2019 Balance Sheet Balance Sheet Ref Related Party Receivable/Other from Related Parties Other Assets Accounts Payable Payables to Related Parties Other Long-Term Liabilities Receivable/Other from Related Parties Other Assets Accounts Payable Payables to Related Parties Other Long-Term Liabilities 1 Employees $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — 2 Mutual water companies $ — $ 501 $ 38 $ — $ — $ — $ 473 $ 11 $ — $ — 3 Cooperative association $ — $ — $ 103 $ — $ — $ — $ — $ 35 $ — $ — 4 Calavo $ 403 $ — $ 1 $ — $ — $ — $ — $ — $ — $ — 5 Third-party growers $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — 6 Cadiz / Fenner / WAM $ — $ 1,480 $ — $ 134 $ 1,390 $ — $ — $ — $ — $ — 7 Colorado River Growers $ 297 $ — $ — $ — $ — $ 376 $ — $ — $ — $ — 8 YMIDD $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — 9 FGF $ 3,776 $ — $ — $ 835 $ — $ 2,609 $ — $ — $ 906 $ — 10 LLCB $ 1,800 $ — $ — $ 2,850 $ — $ — $ — $ — $ — $ 1,200 Three Months Ended April 30, 2020 Three Months Ended April 30, 2019 Consolidated Statement of Operations Consolidated Statement of Operations Ref Related Party Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Other Income, Net Dividends Paid Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Other Income, Net Dividends Paid 1 Employees $ — $ 193 $ — $ — $ — $ — $ 182 $ — $ — $ — 2 Mutual water companies $ — $ — $ 117 $ — $ — $ — $ — $ 77 $ — $ — 3 Cooperative association $ — $ — $ 447 $ — $ — $ — $ — $ 540 $ — $ — 4 Calavo $ 1,539 $ 84 $ 59 $ — $ 126 $ 540 $ 80 $ — $ — $ 126 5 Third-party growers $ — $ — $ — $ — $ — $ — $ — $ 232 $ — $ — 6 Cadiz / Fenner / WAM $ — $ — $ 70 $ — $ — $ — $ — $ 22 $ — $ — 7 Colorado River Growers $ 1 $ — $ 337 $ — $ — $ — $ — $ — $ — $ — 8 YMIDD $ — $ — $ 53 $ — $ — $ — $ — $ 53 $ — $ — 9 FGF $ 2,280 $ — $ 2,270 $ — $ — $ — $ — $ — $ — $ — Six Months Ended April 30, 2020 Six Months Ended April 30, 2019 Consolidated Statement of Operations Consolidated Statement of Operations Ref Related Party Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Other Income, Net Dividends Paid Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Other Income, Net Dividends Paid 1 Employees $ — $ 390 $ — $ — $ — $ — $ 360 $ — $ — $ — 2 Mutual water companies $ — $ — $ 464 $ — $ — $ — $ — $ 398 $ — $ — 3 Cooperative association $ — $ — $ 893 $ — $ — $ — $ — $ 856 $ — $ — 4 Calavo $ 1,572 $ 165 $ 178 $ 220 $ 252 $ 543 $ 159 $ 1 $ 250 $ 255 5 Third-party growers $ — $ — $ — $ — $ — $ — $ — $ 609 $ — $ — 6 Cadiz / Fenner / WAM $ — $ — $ 171 $ — $ — $ — $ — $ 88 $ — $ — 7 Colorado River Growers $ 522 $ — $ 5,337 $ — $ — $ 306 $ — $ 3,841 $ — $ — 8 YMIDD $ — $ — $ 86 $ — $ — $ — $ — $ 85 $ — $ — 9 FGF $ 2,479 $ — $ 2,433 $ — $ — $ — $ — $ — $ — $ — 15. Related-Party Transactions (continued) (1) Employees - The Company rents certain of its residential housing assets to employees on a month-to-month basis and recorded rental income from employees. There were no rental payments due from employees at April 30, 2020 and October 31, 2019 . (2) Mutual water companies - 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, purchased water and water delivery services and had water payments due to the mutual water companies. (3) Cooperative association - 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 from and had payments due to the cooperative association. (4) Calavo - The Company had an investment in Calavo through March 2020 and has representation on the board of directors and Calavo has an investment in the Company. Calavo had representation on the board of directors of the Company through December 2018. The Company recorded dividend income on its investment in Calavo, paid dividends to Calavo and had avocado sales to Calavo. Additionally, the Company leases office space to Calavo, purchased storage services from Calavo and had amounts due to Calavo for those services. (5) Third party growers - A member of the Company’s board of directors markets lemons through the Company. (6) Cadiz / Fenner / WAM - 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. In 2013, the Company entered a long-term lease agreement (the “Lease”) with Cadiz Real Estate, LLC (“Cadiz”), a wholly owned subsidiary of Cadiz, Inc., and currently leases 670 acres located in eastern San Bernardino County, California. The annual base rental 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. In 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 the Company's Series B-2 convertible preferred stock. Upon the adoption of ASC 842 , the Company recorded a ROU asset and corresponding lease liability. (7) Colorado River Growers, Inc. (“CRG”) - The Company has representation on the board of directors of CRG, a non-profit cooperative association of fruit growers engaged in the agricultural harvesting business in Yuma County, Arizona. The Company paid harvest expense to CRG, provided harvest management and administrative services to CRG and had a receivable due from CRG for such services. (8) Yuma Mesa Irrigation and Drainage District (“YMIDD”) - The Company has representation on the board of directors of YMIDD. The Company purchased water from YMIDD and had amounts payable to them for such purchases. (9) FGF - The Company advances funds to FGF for fruit purchases which are recorded as an asset until the sales occur and the remaining proceeds become due to FGF. Additionally, FGF provided farming, packing, by-product processing and administrative services to Trapani Fresh. The Company had a payable due to FGF for such fruit purchases and services. (10) LLCB - Refer to Note 7, "Real Estate Development".

Income Taxes

Income Taxes	6 Months Ended
	Apr. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s estimated annual effective blended rate for fiscal year 2020 excluding discrete items is approximately 29.3% . As such, a 35.2% estimated effective blended tax rate, after discrete items primarily related to the CARES Act, was utilized by the Company in the six months ended April 30, 2020 to calculate it income tax provision. The effective tax rate for the six months ended April 30, 2020 was higher than the federal statutory tax rate of 21% mainly due to a $1,380,000 discrete benefit recorded as a result of the carryback of federal net operating losses to previous years when the federal income tax rate was 34% . The Company has no material uncertain tax positions as of April 30, 2020 . The Company recognizes interest expense and penalties related to income tax matters as a component of income tax expense. There was no accrued interest or penalties associated with uncertain tax positions as of April 30, 2020 .

Retirement Plans

Retirement Plans	6 Months Ended
	Apr. 30, 2020
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. The Plan is funded consistent with the funding requirements of federal law and regulations. There were funding contributions of zero and $150,000 during the three months ended April 30, 2020 and 2019 , respectively. There were funding contributions of zero and $300,000 during the six months ended April 30, 2020 and 2019 , respectively. The components of net periodic pension cost for the Plan for the three and six months ended April 30, 2020 and 2019 were as follows (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Administrative expenses $ 69 $ 47 $ 139 $ 94 Interest cost 161 207 321 414 Expected return on plan assets (247 ) (272 ) (495 ) (544 ) Prior service cost 11 11 22 22 Recognized actuarial loss 185 100 370 201 Net periodic benefit cost $ 179 $ 93 $ 357 $ 187

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Apr. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and 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, 2020
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, key executives and non-employee directors. The fair value of such awards is based on the fair value of the Company’s stock on the date of grant and all are classified as equity awards. Performance Awards Certain restricted stock grants are made to management each December under the Stock Plan based on the achievement of certain annual financial performance and other criteria achieved during the previous fiscal year (“Performance Awards”). The performance grants are based on a percentage of the employee’s base salary divided by the stock price on the grant date once the performance criteria has been met, and generally vest over a two -year period as service is provided. There were no shares of common stock granted to management under the Stock Plan for fiscal year 2019 performance because the financial performance and other criteria were not met. Executive Awards Certain restricted stock grants are made to key executives under the Stock Plan (“Executive Awards”). These grants generally vest over a three to five -year period as service is provided. During December 2019, the Company granted 95,000 shares of common stock with a per share price of $18.87 to key executives under the Stock Plan. The related compensation expense of approximately $1,793,000 will be recognized equally over the next three years as the shares vest. 19. Stock-based Compensation (continued) Director Awards The Company issues shares of common stock to non-employee directors under the Stock Plan on an annual basis that vest upon grant (“Director Awards”). During January 2020 and 2019, 17,841 and 15,642 shares, respectively, of common stock were granted as Director Awards. The Company recognized $358,000 and $339,000 of stock-based compensation to non-employee directors during the six months ended April 30, 2020 and 2019 , respectively. During the three months ended January 31, 2020 and 2019 , members of management exchanged 11,314 and 20,119 shares, respectively, of common stock with fair values of $213,000 and $305,000 , respectively, at the date of the exchanges, for the payment of payroll taxes associated with the vesting of shares under the Company’s stock-based compensation programs.

Segment Information

Segment Information	6 Months Ended
	Apr. 30, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information The Company operates in four reportable operating segments: fresh lemons, lemon packing, avocados and other agribusiness. The Company’s operating segments of rental operations and real estate development are no longer disclosed as separate reportable operating segments and are included in the “Corporate and Other” category in the tables below as they do not meet the quantitative threshold and from a qualitative perspective are not a core focus of the Company's main agribusiness activities. Prior years’ information has been restated to conform to the current year’s presentation. 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 harvest costs of oranges, specialty citrus and other crops. Revenues related to rental operations are included in “Corporate and Other”. Other agribusiness revenues for the three and six months ended April 30, 2020 , consists of oranges of $2,667,000 and $4,939,000 , respectively, and specialty citrus and other crops of $1,152,000 and $3,044,000 , respectively. Other agribusiness revenues for the three and six months ended April 30, 2019 , consists of oranges of $1,991,000 and $2,937,000 , respectively, and specialty citrus and other crops of $1,910,000 and $3,165,000 , respectively. 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, 2020 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Corporate and Other Total Revenues from external customers $ 28,715 $ 3,883 $ — $ 2,022 $ 3,819 $ 38,439 $ 1,132 $ 39,571 Intersegment revenue — 8,454 (8,454 ) — — — — — Total net revenues 28,715 12,337 (8,454 ) 2,022 3,819 38,439 1,132 39,571 Costs and expenses 26,961 10,328 (8,454 ) 1,561 3,393 33,789 6,182 39,971 Depreciation and amortization — — — — — 2,160 273 2,433 Operating income (loss) $ 1,754 $ 2,009 $ — $ 461 $ 426 $ 2,490 $ (5,323 ) $ (2,833 ) 20. Segment Information (continued) Segment information for the three months ended April 30, 2019 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness 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 5,701 40,919 Depreciation and amortization — — — — — 1,860 261 2,121 Operating income (loss) $ 4,513 $ 1,447 $ — $ (381 ) $ 26 $ 3,745 $ (4,750 ) $ (1,005 ) Segment information for the six months ended April 30, 2020 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Corporate and Other Total Revenues from external customers $ 60,772 $ 7,977 $ — $ 2,190 $ 7,983 $ 78,922 $ 2,305 $ 81,227 Intersegment revenue — 15,559 (15,559 ) — — — — — Total net revenues 60,772 23,536 (15,559 ) 2,190 7,983 78,922 2,305 81,227 Costs and expenses 61,312 18,937 (15,559 ) 2,034 7,324 74,048 13,480 87,528 Depreciation and amortization — — — — — 4,444 554 4,998 Operating income (loss) $ (540 ) $ 4,599 $ — $ 156 $ 659 $ 430 $ (11,729 ) $ (11,299 ) Segment information for the six months ended April 30, 2019 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness 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 11,565 83,831 Depreciation and amortization — — — — — 3,728 519 4,247 Operating income (loss) $ 6,924 $ 3,810 $ — $ (1,094 ) $ (283 ) $ 5,629 $ (9,654 ) $ (4,025 )

Subsequent Events

Subsequent Events	6 Months Ended
	Apr. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company has evaluated events subsequent to April 30, 2020 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 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.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Apr. 30, 2020
Accounting Policies [Abstract]
Leases	Leases Accounting for Operating Leases as a Lessee - In its ordinary course of business, the Company enters into leases as a lessee generally for agricultural land and packinghouse equipment. The Company determines if an arrangement is a lease or contains a lease at inception. Operating leases are included in other assets, accrued liabilities and other long-term liabilities on its consolidated balance sheets. Operating lease right-of-use (“ROU”) assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease, measured on a discounted basis. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As none of the Company’s leases provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet as the Company has elected to recognize lease expense for these leases on a straight-line basis over the lease term. The Company has material leases with related parties which are further described in Note 15 - Related-Party Transactions . 2. Summary of Significant Accounting Policies (continued) Leases (continued) Certain of the Company’s agricultural land agreements contain variable costs based on a percentage of the operating results of the leased property. Such variable lease costs are expensed as incurred. These land agreements also contain costs for non-lease components, such as water usage, which the Company accounts for separately from the lease components. For all other agreements, the Company generally combines lease and non-lease components in calculating the ROU assets and lease liabilities. See Note 13 - Leases for additional information. Accounting for Leases as a Lessor - Leases in which the Company acts as the lessor include land, residential and commercial units and are all classified as operating leases. Certain of the Company’s contracts contain variable income based on a percentage of the operating results of the leased asset. Certain of the Company’s contracts contain non-lease components such as water, utilities and common area services. The Company has elected to not separate lease and non-lease components for its lessor arrangements and the combined component is accounted for entirely under Accounting Standards Codification ("ASC") 842, Leases . The underlying asset in an operating lease arrangement is carried at depreciated cost within property, plant, and equipment, net on the consolidated balance sheets. Depreciation is calculated using the straight-line method over the useful life of the underlying asset. The Company recognizes operating lease revenue on a straight-line basis over the lease term.
Leases	Leases Accounting for Operating Leases as a Lessee - In its ordinary course of business, the Company enters into leases as a lessee generally for agricultural land and packinghouse equipment. The Company determines if an arrangement is a lease or contains a lease at inception. Operating leases are included in other assets, accrued liabilities and other long-term liabilities on its consolidated balance sheets. Operating lease right-of-use (“ROU”) assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease, measured on a discounted basis. Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As none of the Company’s leases provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet as the Company has elected to recognize lease expense for these leases on a straight-line basis over the lease term. The Company has material leases with related parties which are further described in Note 15 - Related-Party Transactions . 2. Summary of Significant Accounting Policies (continued) Leases (continued) Certain of the Company’s agricultural land agreements contain variable costs based on a percentage of the operating results of the leased property. Such variable lease costs are expensed as incurred. These land agreements also contain costs for non-lease components, such as water usage, which the Company accounts for separately from the lease components. For all other agreements, the Company generally combines lease and non-lease components in calculating the ROU assets and lease liabilities. See Note 13 - Leases for additional information. Accounting for Leases as a Lessor - Leases in which the Company acts as the lessor include land, residential and commercial units and are all classified as operating leases. Certain of the Company’s contracts contain variable income based on a percentage of the operating results of the leased asset. Certain of the Company’s contracts contain non-lease components such as water, utilities and common area services. The Company has elected to not separate lease and non-lease components for its lessor arrangements and the combined component is accounted for entirely under Accounting Standards Codification ("ASC") 842, Leases . The underlying asset in an operating lease arrangement is carried at depreciated cost within property, plant, and equipment, net on the consolidated balance sheets. Depreciation is calculated using the straight-line method over the useful life of the underlying asset. The Company recognizes operating lease revenue on a straight-line basis over the lease term.
Comprehensive (Loss) Income	Comprehensive (Loss) Income Comprehensive (loss) income represents all changes in a company’s net assets, except changes resulting from transactions with shareholders, and is reported as a component of the Company’s stockholders’ equity.
Reclassifications and Adjustments	Reclassifications and Adjustments Certain reclassifications have been made to the prior years’ consolidated financial statements to conform to the April 30, 2020 presentation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements FASB ASU 2016-02, Leases (Topic 842) and related ASUs, including ASU 2018-11, Leases (Topic 842): Targeted Improvements In February 2016, the FASB issued ASU 2016-02, which requires an entity to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. ASU 2016-02 offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. In July 2018, the FASB issued ASU 2018-11 which, among other things, provides administrative relief by allowing entities to implement the lease standard on a modified retrospective basis (the "Optional Transition Method"). Effectively, the Optional Transition Method permits companies to adopt the lease standard through a cumulative effect adjustment to their opening balance sheet on the date of adoption and report under the New Lease Standard on a post-adoption basis. The Company adopted ASU 2016-02 effective November 1, 2019 using the Optional Transition Method. The Company elected the package of practical expedients permitted under the transition guidance, which allows the Company to carry forward its historical lease classification, its assessment of whether a contract is or contains a lease, and its initial direct costs for any leases that existed prior to adoption of the New Lease Standard. The Company elected the hindsight practical expedient, which permits the use of hindsight when determining lease term and impairment of ROU assets. The Company did not elect to combine lease and non-lease components for land leases but elected to combine lease and non-lease components for all other asset classes. The Company also elected to keep leases with an initial term of 12 months or less off the balance sheet and recognize the associated lease payments in the consolidated statements of operations on a straight-line basis over the lease term. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. The Company updated its accounting policies, processes and internal controls in order to meet the New Lease Standard's reporting and disclosure requirements. 2. Summary of Significant Accounting Policies (continued) Recent Accounting Pronouncements (continued) The adoption of ASU 2016-02 had a material impact on its consolidated balance sheets, but did not have a material impact on its consolidated statements of operations or its consolidated statements of cash flows. Upon adoption as of November 1, 2019, the Company recorded ROU assets of $2,400,000 and lease liabilities of $2,500,000 for operating leases in which the Company is a lessee. The adoption also included an immaterial reclassification of accrued rent liabilities against the ROU asset balance. As of November 1, 2019, there were no material finance leases for which the Company was a lessee. The adoption of ASU 2016-02 did not change the Company’s accounting for its operating leases in which it acts as the lessor. See Note 13 - Leases for additional information. FASB ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, and related ASUs This amendment requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. ASU 2016-13 is effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early application is permitted for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company does not expect this ASU to have a material impact on its consolidated financial statements. 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. 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. FASB ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes This amendment removes specific exceptions to the general principles in Topic 740 in GAAP. It eliminates the need for an organization to analyze whether certain exceptions apply in a given period. The amendment also improves financial statement preparers’ application of income tax-related guidance and simplifies GAAP under certain situations. ASU 2019-12 is effective for public business entities, for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. An entity that elects early adoption in an interim period should reflect any adjustments as of the beginning of the annual period that includes that interim period. Additionally, an entity that elects early adoption should adopt all the amendments in the same period. The Company early adopted this ASU as of November 1, 2019 and the adoption did not have a material impact on its consolidated financial statements. Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") On March 27, 2020, the CARES Act was signed into law. The CARES Act provides numerous tax provisions and other stimulus measures, including temporary changes regarding the prior and future utilization of net operating losses, temporary changes to the prior and future limitations on interest deductions, temporary suspension of certain payment requirements for the employer portion of Social Security taxes, the creation of certain refundable employee retention credits, and technical corrections from prior tax legislation for tax depreciation of certain qualified improvement property. The Company has evaluated the impact on its consolidated financial statements at April 30, 2020 and has estimated the impact of approximately $1,380,000 of income tax benefit and $4,924,000 federal tax refund utilizing net operating loss provisions of the CARES Act. The Company anticipates it will benefit from the utilization of net operating losses, the technical correction for qualified leasehold improvements eligible for 100% tax bonus depreciation and potentially other provisions within the CARES Act.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Apr. 30, 2020
Business Combinations [Abstract]
Schedule of the Fair Value of Net Assets Acquired	Below is a summary of the fair value of the net assets acquired on the acquisition date based on a third-party valuation, which was finalized during the second quarter of fiscal year 2020 (in thousands): Cultural costs $ 3,270 Land and land improvements 9,520 Buildings and improvements 870 Orchards 8,410 Customer relationships, trademarks and non-competition agreement (10-year useful life) 6,920 Goodwill 123 Total assets acquired 29,113 Noncontrolling interest (14,265 ) Net cash paid $ 14,848

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Apr. 30, 2020
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 as of October 31, 2019 , which were measured on a recurring basis during the period, segregated by level within the fair value hierarchy (in thousands): October 31, 2019 Level 1 Level 2 Level 3 Total Assets at fair value: Equity securities $ 17,346 $ — $ — $ 17,346

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	6 Months Ended
	Apr. 30, 2020
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, 2019 Prepaid supplies and insurance $ 4,329 $ 3,199 Note receivable and related interest 2,489 181 Real estate development held-for-sale 2,543 2,543 Lemon supplier advances and other 1,930 2,230 $ 11,291 $ 8,153

Real Estate Development (Tables

Real Estate Development (Tables)	6 Months Ended
	Apr. 30, 2020
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, Retained Property - East Area I $ 12,845 $ 11,943 East Area II 6,516 5,659 $ 19,361 $ 17,602

Equity in Investments (Tables)

Equity in Investments (Tables)	6 Months Ended
	Apr. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity in Investments	Equity in investments consist of the following (in thousands): April 30, October 31, 2019 Limoneira Lewis Community Builders, LLC $ 56,755 $ 54,016 Limco Del Mar, Ltd. 1,928 1,950 Rosales 1,218 1,745 Romney Property Partnership 512 512 $ 60,413 $ 58,223 The following is unaudited summarized financial information for LLCB (in thousands): Six Months Ended April 30, 2020 2019 Revenues $ 4,768 $ 30,354 Cost of land sold 3,975 22,005 Operating expenses 649 107 Net income $ 144 $ 8,242 Net income attributable to Limoneira Company $ 132 $ 3,481

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Apr. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Change in the Carrying Amount of Goodwill	A summary of the change in the carrying amount of goodwill is as follows (in thousands): Goodwill Net Carrying Amount October 31, 2019 $ 1,839 Trapani Fresh purchase price adjustment (297 ) Foreign currency translation adjustment (19 ) April 30, 2020 $ 1,523
Indefinite-Lived Intangible Assets	Intangible assets consisted of the following as of April 30, 2020 and October 31, 2019 (in thousands): April 30, 2020 October 31, 2019 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life in Years Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life in Years Trade names and trademarks $ 3,786 $ (698 ) $ 3,088 10 $ 3,786 $ (542 ) $ 3,244 10 Customer relationships 5,010 (781 ) 4,229 9 5,010 (500 ) 4,510 9 Non-competition agreement 1,040 (95 ) 945 10 1,040 (42 ) 998 10 Acquired water and mineral rights 3,420 — 3,420 Indefinite 3,655 — 3,655 Indefinite $ 13,256 $ (1,574 ) $ 11,682 $ 13,491 $ (1,084 ) $ 12,407
Finite-Lived Intangible Assets	Intangible assets consisted of the following as of April 30, 2020 and October 31, 2019 (in thousands): April 30, 2020 October 31, 2019 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life in Years Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted Average Useful Life in Years Trade names and trademarks $ 3,786 $ (698 ) $ 3,088 10 $ 3,786 $ (542 ) $ 3,244 10 Customer relationships 5,010 (781 ) 4,229 9 5,010 (500 ) 4,510 9 Non-competition agreement 1,040 (95 ) 945 10 1,040 (42 ) 998 10 Acquired water and mineral rights 3,420 — 3,420 Indefinite 3,655 — 3,655 Indefinite $ 13,256 $ (1,574 ) $ 11,682 $ 13,491 $ (1,084 ) $ 12,407
Estimated Future Amortization Expense of Intangible Assets	Estimated future amortization expense of intangible assets as of April 30, 2020 are as follows (in thousands): 2020 (excluding the six months ended April 30, 2020) $ 547 2021 1,027 2022 976 2023 976 2024 976 Thereafter 3,760 $ 8,262

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Apr. 30, 2020
Accounts Payable and Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following (in thousands): April 30, October 31, 2019 Compensation $ 1,386 $ 1,973 Property taxes — 652 Lemon and orange supplier payables 78 899 Allowances and packing and harvest expenses 2,190 3,191 Other 2,849 1,546 $ 6,503 $ 8,261

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Apr. 30, 2020
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt is comprised of the following (in thousands): April 30, October 31, 2019 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 0.94% at April 30, 2020, plus 1.60%. 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. $ 102,908 $ 82,843 Farm Credit West term loan: Effective October 1, 2019, the interest rate was fixed at 3.76%. The loan is payable in quarterly installments through November 2022. 1,741 2,035 Farm Credit West term loan: Effective October 1, 2019, the interest rate was fixed at 4.14%. The loan is payable in monthly installments through October 2035. 1,054 1,078 Farm Credit West term loan: Effective October 1, 2019, the interest rate was fixed at 4.17%. The loan is payable in monthly installments through March 2036. 8,634 8,823 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. 6,375 6,522 Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023. 4,229 4,955 Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 1,094 1,386 Note Payable: the interest rate ranges from 5.00% to 7.00% and was 6.00% at April 30, 2020. The loan includes interest only monthly payments and principal is due in February 2023. 1,435 1,435 Subtotal 127,470 109,077 Less deferred financing costs, net of accumulated amortization 131 162 Total long-term debt, net 127,339 108,915 Less current portion 3,045 3,023 Long-term debt, less current portion $ 124,294 $ 105,892

Leases (Tables)

Leases (Tables)	6 Months Ended
	Apr. 30, 2020
Leases [Abstract]
Components of the Company's Operating Lease Portfolio Included in Property, Plant and Equipment	The following table presents the components of the Company’s operating lease portfolio included in property, plant and equipment, net as of the dates indicated (in thousands): April 30, 2020 October 31, 2019 Land $ 1,279 $ 1,279 Buildings, equipment and building improvements 22,841 22,841 Less accumulated depreciation (7,877 ) (7,551 ) Property, plant and equipment, net under operating leases $ 16,243 $ 16,569
Composition of Rental Operations Revenue	The Company’s rental operations revenue consists of the following (in thousands): Three Months Ended Six Months Ended Operating lease revenue $ 1,061 $ 2,157 Variable lease revenue 71 148 Total lease revenue $ 1,132 $ 2,305
Future Minimum Lease Payments to be Received Related to Net Operating Lease Agreements	The future minimum lease payments to be received by the Company related to these operating lease agreements as of April 30, 2020 are as follows (in thousands): 2020 (excluding the six months ended April 30, 2020) $ 563 2021 659 2022 469 2023 339 2024 42 Thereafter 758 Total $ 2,830
Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases consists of the following (in thousands): Classification April 30, 2020 Assets Operating lease ROU assets Other assets $ 2,187 Liabilities and Stockholders' Equity Current operating lease liabilities Accrued liabilities 540 Non-current operating lease liabilities Other long-term liabilities 1,693 Total operating lease liabilities $ 2,233 Weighted-average remaining lease term (in years) 11.0 Weighted-average discount rate 3.9 %
Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases consists of the following (in thousands): Three Months Ended Six Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 122 $ 306 ROU assets obtained in exchange for new operating lease liabilities $ — $ —
Future Minimum Lease Payments under Non-Cancellable Leases	A summary of the Company’s future minimum payments for obligations under non-cancellable operating leases as of October 31, 2019 was as follows (in thousands): 2020 $ 688 2021 492 2022 291 2023 154 2024 134 Thereafter 1,382 $ 3,141 Future minimum lease payments under non-cancellable leases for the remainder of fiscal year 2020 , each of the subsequent four fiscal years and thereafter are as follows (in thousands): 2020 (excluding the six months ended April 30, 2020) $ 240 2021 481 2022 330 2023 154 2024 134 Thereafter 1,450 Total lease payments 2,789 Less: Imputed interest (556 ) Total $ 2,233

Basic and Diluted Net (Loss) _2

Basic and Diluted Net (Loss) Income per Share (Tables)	6 Months Ended
	Apr. 30, 2020
Earnings Per Share [Abstract]
Schedule of Net (Loss) Income per Share	The computations for basic and diluted net (loss) income per common share are as follows (in thousands, except per share amounts): Three Months Ended Six Months Ended 2020 2019 2020 2019 Basic net (loss) income per common share: Net (loss) income applicable to common stock $ (5,009 ) $ 2,689 $ (11,561 ) $ (2,129 ) Effect of unvested, restricted stock (17 ) (16 ) (34 ) (33 ) Numerator: Net (loss) income for basic EPS (5,026 ) 2,673 (11,595 ) (2,162 ) Denominator: Weighted average common shares-basic 17,634 17,554 17,602 17,516 Basic net (loss) income per common share $ (0.29 ) $ 0.15 $ (0.66 ) $ (0.12 ) Diluted net (loss) income per common share: Numerator: Net (loss) income for diluted EPS $ (5,026 ) $ 2,815 $ (11,595 ) $ (2,162 ) Weighted average common shares–basic 17,634 17,554 17,602 17,516 Effect of dilutive unvested, restricted stock and preferred stock — 671 — — Denominator: Weighted average common shares–diluted 17,634 18,225 17,602 17,516 Diluted net (loss) income per common share $ (0.29 ) $ 0.15 $ (0.66 ) $ (0.12 )

Related-Party Transactions (Tab

Related-Party Transactions (Tables)	6 Months Ended
	Apr. 30, 2020
Related Party Transactions [Abstract]
Summary of Transactions with Related-Parties	The Company has transactions with various related-parties as summarized in the tables below (in thousands): April 30, 2020 October 31, 2019 Balance Sheet Balance Sheet Ref Related Party Receivable/Other from Related Parties Other Assets Accounts Payable Payables to Related Parties Other Long-Term Liabilities Receivable/Other from Related Parties Other Assets Accounts Payable Payables to Related Parties Other Long-Term Liabilities 1 Employees $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — 2 Mutual water companies $ — $ 501 $ 38 $ — $ — $ — $ 473 $ 11 $ — $ — 3 Cooperative association $ — $ — $ 103 $ — $ — $ — $ — $ 35 $ — $ — 4 Calavo $ 403 $ — $ 1 $ — $ — $ — $ — $ — $ — $ — 5 Third-party growers $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — 6 Cadiz / Fenner / WAM $ — $ 1,480 $ — $ 134 $ 1,390 $ — $ — $ — $ — $ — 7 Colorado River Growers $ 297 $ — $ — $ — $ — $ 376 $ — $ — $ — $ — 8 YMIDD $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — 9 FGF $ 3,776 $ — $ — $ 835 $ — $ 2,609 $ — $ — $ 906 $ — 10 LLCB $ 1,800 $ — $ — $ 2,850 $ — $ — $ — $ — $ — $ 1,200 Three Months Ended April 30, 2020 Three Months Ended April 30, 2019 Consolidated Statement of Operations Consolidated Statement of Operations Ref Related Party Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Other Income, Net Dividends Paid Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Other Income, Net Dividends Paid 1 Employees $ — $ 193 $ — $ — $ — $ — $ 182 $ — $ — $ — 2 Mutual water companies $ — $ — $ 117 $ — $ — $ — $ — $ 77 $ — $ — 3 Cooperative association $ — $ — $ 447 $ — $ — $ — $ — $ 540 $ — $ — 4 Calavo $ 1,539 $ 84 $ 59 $ — $ 126 $ 540 $ 80 $ — $ — $ 126 5 Third-party growers $ — $ — $ — $ — $ — $ — $ — $ 232 $ — $ — 6 Cadiz / Fenner / WAM $ — $ — $ 70 $ — $ — $ — $ — $ 22 $ — $ — 7 Colorado River Growers $ 1 $ — $ 337 $ — $ — $ — $ — $ — $ — $ — 8 YMIDD $ — $ — $ 53 $ — $ — $ — $ — $ 53 $ — $ — 9 FGF $ 2,280 $ — $ 2,270 $ — $ — $ — $ — $ — $ — $ — Six Months Ended April 30, 2020 Six Months Ended April 30, 2019 Consolidated Statement of Operations Consolidated Statement of Operations Ref Related Party Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Other Income, Net Dividends Paid Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Other Income, Net Dividends Paid 1 Employees $ — $ 390 $ — $ — $ — $ — $ 360 $ — $ — $ — 2 Mutual water companies $ — $ — $ 464 $ — $ — $ — $ — $ 398 $ — $ — 3 Cooperative association $ — $ — $ 893 $ — $ — $ — $ — $ 856 $ — $ — 4 Calavo $ 1,572 $ 165 $ 178 $ 220 $ 252 $ 543 $ 159 $ 1 $ 250 $ 255 5 Third-party growers $ — $ — $ — $ — $ — $ — $ — $ 609 $ — $ — 6 Cadiz / Fenner / WAM $ — $ — $ 171 $ — $ — $ — $ — $ 88 $ — $ — 7 Colorado River Growers $ 522 $ — $ 5,337 $ — $ — $ 306 $ — $ 3,841 $ — $ — 8 YMIDD $ — $ — $ 86 $ — $ — $ — $ — $ 85 $ — $ — 9 FGF $ 2,479 $ — $ 2,433 $ — $ — $ — $ — $ — $ — $ — 15. Related-Party Transactions (continued) (1) Employees - The Company rents certain of its residential housing assets to employees on a month-to-month basis and recorded rental income from employees. There were no rental payments due from employees at April 30, 2020 and October 31, 2019 . (2) Mutual water companies - 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, purchased water and water delivery services and had water payments due to the mutual water companies. (3) Cooperative association - 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 from and had payments due to the cooperative association. (4) Calavo - The Company had an investment in Calavo through March 2020 and has representation on the board of directors and Calavo has an investment in the Company. Calavo had representation on the board of directors of the Company through December 2018. The Company recorded dividend income on its investment in Calavo, paid dividends to Calavo and had avocado sales to Calavo. Additionally, the Company leases office space to Calavo, purchased storage services from Calavo and had amounts due to Calavo for those services. (5) Third party growers - A member of the Company’s board of directors markets lemons through the Company. (6) Cadiz / Fenner / WAM - 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. In 2013, the Company entered a long-term lease agreement (the “Lease”) with Cadiz Real Estate, LLC (“Cadiz”), a wholly owned subsidiary of Cadiz, Inc., and currently leases 670 acres located in eastern San Bernardino County, California. The annual base rental 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. In 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 the Company's Series B-2 convertible preferred stock. Upon the adoption of ASC 842 , the Company recorded a ROU asset and corresponding lease liability. (7) Colorado River Growers, Inc. (“CRG”) - The Company has representation on the board of directors of CRG, a non-profit cooperative association of fruit growers engaged in the agricultural harvesting business in Yuma County, Arizona. The Company paid harvest expense to CRG, provided harvest management and administrative services to CRG and had a receivable due from CRG for such services. (8) Yuma Mesa Irrigation and Drainage District (“YMIDD”) - The Company has representation on the board of directors of YMIDD. The Company purchased water from YMIDD and had amounts payable to them for such purchases. (9) FGF - The Company advances funds to FGF for fruit purchases which are recorded as an asset until the sales occur and the remaining proceeds become due to FGF. Additionally, FGF provided farming, packing, by-product processing and administrative services to Trapani Fresh. The Company had a payable due to FGF for such fruit purchases and services. (10) LLCB - Refer to Note 7, "Real Estate Development".

Retirement Plans (Tables)

Retirement Plans (Tables)	6 Months Ended
	Apr. 30, 2020
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, 2020 and 2019 were as follows (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Administrative expenses $ 69 $ 47 $ 139 $ 94 Interest cost 161 207 321 414 Expected return on plan assets (247 ) (272 ) (495 ) (544 ) Prior service cost 11 11 22 22 Recognized actuarial loss 185 100 370 201 Net periodic benefit cost $ 179 $ 93 $ 357 $ 187

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Apr. 30, 2020
Segment Reporting [Abstract]
Schedule of Segment Information by Segment	Segment information for the three months ended April 30, 2020 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Corporate and Other Total Revenues from external customers $ 28,715 $ 3,883 $ — $ 2,022 $ 3,819 $ 38,439 $ 1,132 $ 39,571 Intersegment revenue — 8,454 (8,454 ) — — — — — Total net revenues 28,715 12,337 (8,454 ) 2,022 3,819 38,439 1,132 39,571 Costs and expenses 26,961 10,328 (8,454 ) 1,561 3,393 33,789 6,182 39,971 Depreciation and amortization — — — — — 2,160 273 2,433 Operating income (loss) $ 1,754 $ 2,009 $ — $ 461 $ 426 $ 2,490 $ (5,323 ) $ (2,833 ) 20. Segment Information (continued) Segment information for the three months ended April 30, 2019 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness 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 5,701 40,919 Depreciation and amortization — — — — — 1,860 261 2,121 Operating income (loss) $ 4,513 $ 1,447 $ — $ (381 ) $ 26 $ 3,745 $ (4,750 ) $ (1,005 ) Segment information for the six months ended April 30, 2020 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Corporate and Other Total Revenues from external customers $ 60,772 $ 7,977 $ — $ 2,190 $ 7,983 $ 78,922 $ 2,305 $ 81,227 Intersegment revenue — 15,559 (15,559 ) — — — — — Total net revenues 60,772 23,536 (15,559 ) 2,190 7,983 78,922 2,305 81,227 Costs and expenses 61,312 18,937 (15,559 ) 2,034 7,324 74,048 13,480 87,528 Depreciation and amortization — — — — — 4,444 554 4,998 Operating income (loss) $ (540 ) $ 4,599 $ — $ 156 $ 659 $ 430 $ (11,729 ) $ (11,299 ) Segment information for the six months ended April 30, 2019 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness 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 11,565 83,831 Depreciation and amortization — — — — — 3,728 519 4,247 Operating income (loss) $ 6,924 $ 3,810 $ — $ (1,094 ) $ (283 ) $ 5,629 $ (9,654 ) $ (4,025 )

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	Mar. 27, 2020	Apr. 30, 2020	Nov. 01, 2019	Oct. 31, 2019
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Foreign currency translation items included in accumulated other comprehensive income (loss)		$ (4,248,000)		$ (2,362,000)
Pension liability items included in accumulated other comprehensive loss (income)		4,558,000		4,753,000
Available for sale items included in accumulated other comprehensive income (loss)				(140,000)
Receivables/other from related parties		6,276,000		2,985,000
Accounts receivable, net		20,659,000		15,114,000
Payables to related parties		3,819,000		906,000
Accrued liabilities		6,503,000		8,261,000
Operating lease ROU assets		2,187,000
Operating lease liabilities		$ 2,233,000
ASU 2016-02
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Operating lease ROU assets			$ 2,400,000
Operating lease liabilities			$ 2,500,000
COVID-19
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Income tax expense (benefit)	$ (1,380,000)
Federal refund	$ 4,924,000
Reclassification Adjustment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Receivables/other from related parties				2,985,000
Accounts receivable, net				(2,985,000)
Payables to related parties				906,000
Accrued liabilities				$ (906,000)

Acquisitions - Business Combina

Acquisitions - Business Combinations, Narrative (Details) $ in Thousands	May 30, 2019USD ($)a	Feb. 29, 2020USD ($)	Oct. 31, 2019USD ($)	Oct. 31, 2018USD ($)	Apr. 30, 2020USD ($)
Business Acquisition [Line Items]
Goodwill			$ 1,839		$ 1,523
Argentine Trust | Finca Santa Clara
Business Acquisition [Line Items]
Ownership interest	75.00%
Finca Santa Clara
Business Acquisition [Line Items]
Area of land (in acres) | a	1,200
Trapani Fresh
Business Acquisition [Line Items]
Ownership interest acquired	51.00%
Total consideration paid	$ 15,000
Transaction costs			654
Change in purchase consideration		$ 152
Goodwill	$ 123
Revenue included in the statement of operations			14,651
Net income (loss) included in the statement of operations			999
Pro forma revenues			177,625	$ 153,033
Pro forma net income (loss)			$ (6,092)	$ 21,942
Argentine Trust
Business Acquisition [Line Items]
Ownership interest acquired	51.00%

Acquisitions - Schedule of the

Acquisitions - Schedule of the Fair Value of Net Assets Acquired (Details) - USD ($) $ in Thousands	May 30, 2019	Apr. 30, 2020	Oct. 31, 2019
Business Acquisition [Line Items]
Goodwill		$ 1,523	$ 1,839
Trapani Fresh
Business Acquisition [Line Items]
Cultural costs	$ 3,270
Customer relationships, trademarks and non-competition agreement (10-year useful life)	6,920
Goodwill	123
Total assets acquired	29,113
Noncontrolling interest	(14,265)
Net cash paid	$ 14,848
Useful life of acquired intangibles	10 years
Trapani Fresh | Land and land improvements
Business Acquisition [Line Items]
Land, buildings and orchards	$ 9,520
Trapani Fresh | Buildings and improvements
Business Acquisition [Line Items]
Land, buildings and orchards	870
Trapani Fresh | Orchards
Business Acquisition [Line Items]
Land, buildings and orchards	$ 8,410

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - Measured on a Recurring Basis $ in Thousands	Oct. 31, 2019USD ($)
Assets at fair value:
Equity securities	$ 17,346
Level 1
Assets at fair value:
Equity securities	17,346
Level 2
Assets at fair value:
Equity securities	0
Level 3
Assets at fair value:
Equity securities	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2020	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019	Oct. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Proceeds from sale of stock in Calavo Growers, Inc.				$ 11,048	$ 0
(Loss) gain on stock in Calavo Growers, Inc.		$ (4,275)	$ 3,612	(6,299)	$ (298)
Realized (loss) gain on stock in Calavo Growers, Inc.				$ (6,299)
Calavo Growers, Inc.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment owned (in shares)						200,000
Ownership percentage						1.10%
Equity method investment investee, price per share (in dollars per share)						$ 97
Shares sold (in shares)	200,000					50,000
Proceeds from sale of stock in Calavo Growers, Inc.	$ 11,048					$ 4,786
Realized (loss) gain on stock in Calavo Growers, Inc.						$ (63)

Concentrations and Geographic_2

Concentrations and Geographic Information (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Concentration Risk [Line Items]
Revenues		$ 38,439	$ 40,823	$ 78,922	$ 81,623
Lemon | Supplier Concentration Risk
Concentration Risk [Line Items]
Concentration risk percentage		60.00%	59.00%	58.00%	59.00%
Chile | Lemons and Oranges
Concentration Risk [Line Items]
Revenues		$ 921	$ 907	$ 1,460	$ 1,545
Argentina | Lemons and Oranges
Concentration Risk [Line Items]
Revenues		$ 2,280		$ 2,479
Inventories | Lemon | Supplier Concentration Risk
Concentration Risk [Line Items]
Concentration risk percentage	12.00%

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Oct. 31, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid supplies and insurance	$ 4,329	$ 3,199
Note receivable and related interest	2,489	181
Real estate development held-for-sale	2,543	2,543
Lemon supplier advances and other	1,930	2,230
Prepaid expenses and other current assets	$ 11,291	$ 8,153

Real Estate Development - Sched

Real Estate Development - Schedule of Real Estate Development (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Oct. 31, 2019
Real Estate Properties [Line Items]
Real estate development assets	$ 19,361	$ 17,602
Retained Property - East Area I
Real Estate Properties [Line Items]
Real estate development assets	12,845	11,943
East Area II
Real Estate Properties [Line Items]
Real estate development assets	$ 6,516	$ 5,659

Real Estate Development - Narra

Real Estate Development - Narrative (Details)	1 Months Ended		3 Months Ended	6 Months Ended
	Jan. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Apr. 30, 2020USD ($)	Apr. 30, 2020USD ($)	Apr. 30, 2019USD ($)	Feb. 29, 2020USD ($)	Oct. 31, 2019USD ($)	Nov. 10, 2015USD ($)	Oct. 31, 2005aproperty
Real Estate Properties [Line Items]
Loan balance			$ 127,339,000	$ 127,339,000			$ 108,915,000
Real estate, gross			2,543,000	2,543,000			2,543,000
Sevilla
Real Estate Properties [Line Items]
Real estate, gross			2,543,000	2,543,000			2,543,000
Sevilla | Disposal Group, Not Discontinued Operations
Real Estate Properties [Line Items]
Sales price			2,700,000	2,700,000
Net proceeds from sale of real estate			2,550,000
East Areas I and II
Real Estate Properties [Line Items]
Number of properties | property									2
Number of acres | a									550
Retained Property - East Area I
Real Estate Properties [Line Items]
Estimated costs incurred by and reimbursable to the joint venture							1,200,000
Limoneira Lewis Community Builders, LLC Agreement
Real Estate Properties [Line Items]
Proceeds from sale of real estate held-for-investment				2,800,000	$ 4,000,000
Centennial Property
Real Estate Properties [Line Items]
Proceeds from sale of real estate held-for-investment		$ 3,250,000
Real estate, gross		2,983,000
Proceeds from issuance of debt		$ 3,000,000
Carrying value of note			2,489,000	2,489,000
LLCB
Real Estate Properties [Line Items]
Payable to related parties			$ 2,850,000	$ 2,850,000			$ 1,200,000
Amount loaned to joint venture						$ 1,800,000
Interest rate						4.60%
LLCB | Lewis Group of Companies
Real Estate Properties [Line Items]
Amount loaned to joint venture						$ 1,800,000
Lewis Group of Companies | East Area I
Real Estate Properties [Line Items]
Ownership percentage								50.00%
Equity method investment, aggregate cost								$ 20,000,000
LIBOR | Centennial Property
Real Estate Properties [Line Items]
Interest rate spread on variable rate			2.75%	2.75%
Unsecured Line of Credit Loan Agreement and Promissory Note
Real Estate Properties [Line Items]
Estimated value of the guarantee obligation			$ 1,080,000	$ 1,080,000
Unsecured Line of Credit Loan Agreement and Promissory Note | LLCB
Real Estate Properties [Line Items]
Face amount of loan	$ 45,000,000
Loan balance			$ 45,000,000	$ 45,000,000
Unsecured Line of Credit Loan Agreement and Promissory Note | LIBOR | LLCB
Real Estate Properties [Line Items]
Basis spread on variable rate	2.85%

Equity in Investments (Details)

Equity in Investments (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Oct. 31, 2019
Schedule of Equity Method Investments [Line Items]
Equity in investments	$ 60,413	$ 58,223
Limoneira Lewis Community Builders, LLC
Schedule of Equity Method Investments [Line Items]
Equity in investments	56,755	54,016
Limco Del Mar, Ltd.
Schedule of Equity Method Investments [Line Items]
Equity in investments	1,928	1,950
Rosales
Schedule of Equity Method Investments [Line Items]
Equity in investments	1,218	1,745
Romney Property Partnership
Schedule of Equity Method Investments [Line Items]
Equity in investments	$ 512	$ 512

Equity in Investments - Financi

Equity in Investments - Financial Information for Equity in Investments (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Apr. 30, 2020	Jan. 31, 2020	Apr. 30, 2019	Jan. 31, 2019	Apr. 30, 2020	Apr. 30, 2019
Schedule of Equity Method Investments [Line Items]
Revenues	$ 39,571		$ 42,035		$ 81,227	$ 84,053
Cost of land sold	35,949		37,078		78,492	75,994
Net (loss) income	(5,306)	$ (6,904)	2,820	$ (4,676)	(12,210)	(1,856)
Net income attributable to Limoneira Company	$ (4,883)		$ 2,815		(11,310)	(1,878)
Limoneira Lewis Community Builders
Schedule of Equity Method Investments [Line Items]
Revenues					4,768	30,354
Cost of land sold					3,975	22,005
Operating expenses					649	107
Net (loss) income					144	8,242
Net income attributable to Limoneira Company					$ 132	$ 3,481

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Change in Carrying Amount of Goodwill (Details) $ in Thousands	6 Months Ended
	Apr. 30, 2020USD ($)
Goodwill [Roll Forward]
October 31, 2019	$ 1,839
Trapani Fresh purchase price adjustment	(297)
Foreign currency translation adjustment	(19)
April 30, 2020	$ 1,523

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment loss	$ 0		$ 0
Amortization expense	$ 205,000	$ 89,000	$ 490,000	$ 178,000

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Apr. 30, 2020	Oct. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (1,574)	$ (1,084)
Net Carrying Amount	8,262
Gross Carrying Amount	13,256	13,491
Net Carrying Amount	11,682	12,407
Trade names and trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,786	3,786
Accumulated Amortization	(698)	(542)
Net Carrying Amount	$ 3,088	$ 3,244
Weighted Average Useful Life in Years	10 years	10 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 5,010	$ 5,010
Accumulated Amortization	(781)	(500)
Net Carrying Amount	$ 4,229	$ 4,510
Weighted Average Useful Life in Years	9 years	9 years
Non-competition agreement
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,040	$ 1,040
Accumulated Amortization	(95)	(42)
Net Carrying Amount	$ 945	$ 998
Weighted Average Useful Life in Years	10 years	10 years
Acquired water and mineral rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount of Indefinite Lived Assets	$ 3,420	$ 3,655

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Estimated Future Amortization Expense of Intangible Assets (Details) $ in Thousands	Apr. 30, 2020USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2020 (excluding the six months ended April 30, 2020)	$ 547
2021	1,027
2022	976
2023	976
2024	976
Thereafter	3,760
Net Carrying Amount	$ 8,262

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Oct. 31, 2019
Other Assets [Abstract]
Investments in mutual water companies	$ 6,000	$ 5,499

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Oct. 31, 2019
Accounts Payable and Accrued Liabilities, Current [Abstract]
Compensation	$ 1,386	$ 1,973
Property taxes	0	652
Lemon and orange supplier payables	78	899
Allowances and packing and harvest expenses	2,190	3,191
Other	2,849	1,546
Accrued liabilities	$ 6,503	$ 8,261

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($)	6 Months Ended
	Apr. 30, 2020	Oct. 31, 2019
Debt Instrument [Line Items]
Long-term debt, gross	$ 127,470,000	$ 109,077,000
Less deferred financing costs, net of accumulated amortization	131,000	162,000
Total long-term debt, net	127,339,000	108,915,000
Less current portion	3,045,000	3,023,000
Long-term debt, less current portion	124,294,000	105,892,000
Notes Payable
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,435,000	1,435,000
Variable interest rate	6.00%
Maturity date	Feb. 28, 2023
Notes Payable | Minimum
Debt Instrument [Line Items]
Variable interest rate	5.00%
Notes Payable | Maximum
Debt Instrument [Line Items]
Variable interest rate	7.00%
Farm Credit West Revolving and Non-Revolving Lines of Credit
Debt Instrument [Line Items]
Long-term debt, gross	$ 102,908,000	82,843,000
Maturity date	Jul. 1, 2022
Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Credit Facility | LIBOR
Debt Instrument [Line Items]
Base rate	0.94%
Basis spread on variable rate	1.60%
Farm Credit West Revolving and Non-Revolving Lines of Credit | Non-Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	$ 40,000,000
Fixed interest rate	4.77%
Farm Credit West Term Loan due November 2022
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,741,000	2,035,000
Variable interest rate	3.76%
Maturity date	Nov. 30, 2022
Farm Credit West Term Loan due October 2035
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,054,000	1,078,000
Variable interest rate	4.14%
Maturity date	Oct. 31, 2035
Farm Credit West Term Loan due March 2036
Debt Instrument [Line Items]
Long-term debt, gross	$ 8,634,000	8,823,000
Fixed interest rate	4.17%
Maturity date	Mar. 31, 2036
Farm Credit West Term Loan due March 2036
Debt Instrument [Line Items]
Long-term debt, gross	$ 6,375,000	6,522,000
Fixed interest rate	3.62%
Maturity date	Mar. 31, 2036
Wells Fargo Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 4,229,000	4,955,000
Fixed interest rate	3.58%
Maturity date	Jan. 31, 2023
Banco de Chile Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,094,000	$ 1,386,000
Fixed interest rate	6.48%
Maturity date	Jan. 31, 2025

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details)	1 Months Ended		3 Months Ended		6 Months Ended
	Mar. 31, 2020	Feb. 29, 2020USD ($)	Apr. 30, 2020USD ($)	Apr. 30, 2019USD ($)	Apr. 30, 2020USD ($)	Apr. 30, 2019USD ($)	May 29, 2020	Dec. 31, 2019	Oct. 31, 2019	Feb. 01, 2018USD ($)	Jan. 31, 2018USD ($)
Debt Instrument [Line Items]
Interest costs capitalized			$ 355,000	$ 344,000	$ 444,000	$ 611,000
Farm Credit West
Debt Instrument [Line Items]
Annual patronage dividend rate								1.00%
Dividends receivable		$ 966,000
Farm Credit West Revolving and Non-Revolving Lines of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity			130,000,000		130,000,000
Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			75,000,000		75,000,000					$ 75,000,000	$ 60,000,000
Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Equity Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity			15,000,000		15,000,000
Farm Credit West Revolving and Non-Revolving Lines of Credit | Non-Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 40,000,000		$ 40,000,000
Farm Credit West Loan Agreement Secured by Windfall Investors, LLC Property
Debt Instrument [Line Items]
Minimum debt service coverage ratio									1.25
Farm Credit West Loan Agreement Secured by Windfall Investors, LLC Property | Subsequent Event
Debt Instrument [Line Items]
Minimum debt service coverage ratio							1
Farm Credit West Loan Agreement Secured by Windfall Investors, LLC Property | Revolving Credit Facility
Debt Instrument [Line Items]
Draw period	3 years
Payment period	20 years

Leases - Lessor Arrangements, N

Leases - Lessor Arrangements, Narrative (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Apr. 30, 2020USD ($)	Apr. 30, 2020USD ($)
Minimum
Lessor, Lease, Description [Line Items]
Remaining terms of operating leases	1 month	1 month
Maximum
Lessor, Lease, Description [Line Items]
Remaining terms of operating leases	23 years	23 years
Assets under Operating Leases
Lessor, Lease, Description [Line Items]
Depreciation expense	$ 160	$ 326

Leases - Components of the Comp

Leases - Components of the Company's Operating Lease Portfolio Included in Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Oct. 31, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net under operating leases	$ 246,721	$ 248,114
Assets under Operating Leases
Property, Plant and Equipment [Line Items]
Less accumulated depreciation	(7,877)	(7,551)
Property, plant and equipment, net under operating leases	16,243	16,569
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross under operating leases	1,279	1,279
Buildings, equipment and building improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross under operating leases	$ 22,841	$ 22,841

Leases - Composition of Rental

Leases - Composition of Rental Operations Revenue (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Apr. 30, 2020	Apr. 30, 2020
Leases [Abstract]
Operating lease revenue	$ 1,061	$ 2,157
Variable lease revenue	71	148
Total lease revenue	$ 1,132	$ 2,305

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments to be Received by the Company Related to Lessor Operating Lease Arrangements (Details) $ in Thousands	Apr. 30, 2020USD ($)
Leases [Abstract]
2020 (excluding the six months ended April 30, 2020)	$ 563
2021	659
2022	469
2023	339
2024	42
Thereafter	758
Total	$ 2,830

Leases - Lessee Arrangements, N

Leases - Lessee Arrangements, Narrative (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Apr. 30, 2020USD ($)	Apr. 30, 2020USD ($)
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 137	$ 274
Pollination service contract obligations due during the remainder of 2020	153	153
Pollination service contract obligations due in 2021	307	307
Pollination service contract obligations due in 2022	307	307
Pollination service contract obligations due in 2023	$ 51	$ 51
Minimum
Lessee, Lease, Description [Line Items]
Remaining terms of operating leases	1 year	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining terms of operating leases	18 years	18 years

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information Related to Leases (Details) $ in Thousands	Apr. 30, 2020USD ($)
Assets
Operating lease ROU assets	$ 2,187
Liabilities and Stockholders' Equity
Current operating lease liabilities	540
Non-current operating lease liabilities	1,693
Total operating lease liabilities	$ 2,233
Weighted-average remaining lease term (in years)	11 years
Weighted-average discount rate	3.90%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Apr. 30, 2020	Apr. 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 122	$ 306
ROU assets obtained in exchange for new operating lease liabilities	$ 0	$ 0

Leases - Future Minimum Lease_2

Leases - Future Minimum Lease Payments to be Received by the Company Related to Lessee Operating Lease Arrangements (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Oct. 31, 2019
Leases [Abstract]
2020 (excluding the six months ended April 30, 2020)	$ 240
2021	481	$ 688
2022	330	492
2023	154	291
2024	134	154
Thereafter	1,450
Total lease payments	2,789	$ 3,141
Less: Imputed interest	(556)
Total operating lease liabilities	$ 2,233

Leases - Future Minimum Lease_3

Leases - Future Minimum Lease Payments under Non-Cancellable Leases (Details) - USD ($) $ in Thousands	Apr. 30, 2020	Oct. 31, 2019
Leases [Abstract]
2020	$ 481	$ 688
2021	330	492
2022	154	291
2023	134	154
2024		134
Thereafter		1,382
Total lease payments	$ 2,789	$ 3,141

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, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Basic net (loss) income per common share:
Net (loss) income applicable to common stock	$ (5,009)	$ 2,689	$ (11,561)	$ (2,129)
Effect of unvested, restricted stock	(17)	(16)	(34)	(33)
Numerator: Net (loss) income for basic EPS	$ (5,026)	$ 2,673	$ (11,595)	$ (2,162)
Denominator: Weighted average common shares–basic (in shares)	17,634,000	17,554,000	17,602,000	17,516,000
Basic net (loss) income per common share (in dollars per share)	$ (0.29)	$ 0.15	$ (0.66)	$ (0.12)
Diluted net (loss) income per common share:
Numerator: Net (loss) income for diluted EPS	$ (5,026)	$ 2,815	$ (11,595)	$ (2,162)
Denominator: Weighted average common shares–basic (in shares)	17,634,000	17,554,000	17,602,000	17,516,000
Effect of dilutive unvested, restricted stock and preferred stock (in shares)	0	671,000	0	0
Denominator: Weighted average common shares–diluted (in shares)	17,634,000	18,225,000	17,602,000	17,516,000
Diluted net (loss) income per common share (in dollars per share)	$ (0.29)	$ 0.15	$ (0.66)	$ (0.12)

Basic and Diluted Net (Loss) _4

Basic and Diluted Net (Loss) Income per Share - Narrative (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Restricted Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	220	140	196	219

Related-Party Transactions (Det

Related-Party Transactions (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Apr. 30, 2020USD ($)shares	Apr. 30, 2019USD ($)	Apr. 30, 2020USD ($)shares	Apr. 30, 2019USD ($)	Oct. 31, 2013USD ($)a	Oct. 31, 2019USD ($)
Employees | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	$ 0		$ 0			$ 0
Other Assets	0		0			0
Accounts Payable	0		0			0
Payables to Related Parties	0		0			0
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	193,000	$ 182,000	390,000	$ 360,000
Other Income, Net	0	0	0	0
Dividends Paid	0	0	0	0
Rental payments due from employees	0		0			0
Employees | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0	0	0
Agribusiness Expense and Other	0	0	0	0
Mutual water companies | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	501,000		501,000			473,000
Accounts Payable	38,000		38,000			11,000
Payables to Related Parties	0		0			0
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Other Income, Net	0	0	0	0
Dividends Paid	0	0	0	0
Mutual water companies | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0	0	0
Agribusiness Expense and Other	117,000	77,000	464,000	398,000
Cooperative association | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	0		0			0
Accounts Payable	103,000		103,000			35,000
Payables to Related Parties	0		0			0
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Other Income, Net	0	0	0	0
Dividends Paid	0	0	0	0
Cooperative association | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0	0	0
Agribusiness Expense and Other	447,000	540,000	893,000	856,000
Calavo | Beneficial Owner
Balance Sheet
Receivable/Other from Related Parties	403,000		403,000			0
Other Assets	0		0			0
Accounts Payable	1,000		1,000			0
Payables to Related Parties	0		0			0
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	84,000	80,000	165,000	159,000
Other Income, Net	0	0	220,000	250,000
Dividends Paid	126,000	126,000	252,000	255,000
Calavo | Beneficial Owner | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	1,539,000	540,000	1,572,000	543,000
Agribusiness Expense and Other	59,000	0	178,000	1,000
Third-party growers | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	0		0			0
Accounts Payable	0		0			0
Payables to Related Parties	0		0			0
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Other Income, Net	0	0	0	0
Dividends Paid	0	0	0	0
Third-party growers | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0	0	0
Agribusiness Expense and Other	0	232,000	0	609,000
Cadiz / Fenner / WAM | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	1,480,000		1,480,000			0
Accounts Payable	0		0			0
Payables to Related Parties	134,000		134,000			0
Other Long-Term Liabilities	1,390,000		1,390,000			0
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Other Income, Net	0	0	0	0
Dividends Paid	0	0	0	0
Area of land (in acres) | a					670
Annual base rental per planted acre					$ 200
Percent of gross revenues paid as annual base rental					20.00%
Maximum annual base rental per planted acre					$ 1,200
Cadiz / Fenner / WAM | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0	0	0
Agribusiness Expense and Other	70,000	22,000	171,000	88,000
Colorado River Growers | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	297,000		297,000			376,000
Other Assets	0		0			0
Accounts Payable	0		0			0
Payables to Related Parties	0		0			0
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Other Income, Net	0	0	0	0
Dividends Paid	0	0	0	0
Colorado River Growers | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	1,000	0	522,000	306,000
Agribusiness Expense and Other	337,000	0	5,337,000	3,841,000
YMIDD | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	0		0			0
Accounts Payable	0		0			0
Payables to Related Parties	0		0			0
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Other Income, Net	0	0	0	0
Dividends Paid	0	0	0	0
YMIDD | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0	0	0
Agribusiness Expense and Other	53,000	53,000	86,000	85,000
FGF | Co-venturer
Balance Sheet
Receivable/Other from Related Parties	3,776,000		3,776,000			2,609,000
Other Assets	0		0			0
Accounts Payable	0		0			0
Payables to Related Parties	835,000		835,000			906,000
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Dividends Paid	0	0	0	0
FGF | Co-venturer | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	2,280,000	0	2,479,000	0
Agribusiness Expense and Other	2,270,000	$ 0	2,433,000	$ 0
LLCB
Balance Sheet
Accounts Payable	2,850,000		2,850,000			1,200,000
LLCB | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	1,800,000		1,800,000			0
Other Assets	0		0			0
Accounts Payable	0		0			0
Payables to Related Parties	2,850,000		2,850,000			0
Other Long-Term Liabilities	$ 0		$ 0			$ 1,200,000
Limoneira Company Series B-2 Convertible Preferred Stock | Affiliate Of Water Asset Management, LLC
Consolidated Statement of Operations
Shares of Series B-2 convertible preferred stock held (in shares) | shares	9,300		9,300

Income Taxes (Details)

Income Taxes (Details) - USD ($)	6 Months Ended	12 Months Ended
	Apr. 30, 2020	Dec. 31, 2020	Oct. 31, 2017
Income Taxes [Line Items]
Effective blended tax rate	35.20%
Discrete benefit recorded as a result of carryback of federal net operating losses to previous years under the CARES Act	$ 1,380,000
Federal statutory rate			34.00%
Uncertain tax positions	0
Accrued interest and penalties associated with uncertain tax positions	$ 0
Forecast
Income Taxes [Line Items]
Effective blended tax rate		29.30%

Retirement Plans - Narrative (D

Retirement Plans - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Retirement Benefits [Abstract]
Average earnings			5 years
Contributions	$ 0	$ 150,000	$ 0	$ 300,000

Retirement Plans - Net Benefit

Retirement Plans - Net Benefit Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Retirement Benefits [Abstract]
Administrative expenses	$ 69	$ 47	$ 139	$ 94
Interest cost	161	207	321	414
Expected return on plan assets	(247)	(272)	(495)	(544)
Prior service cost	11	11	22	22
Recognized actuarial loss	185	100	370	201
Net periodic benefit cost	$ 179	$ 93	$ 357	$ 187

Stock-based Compensation (Detai

Stock-based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended			3 Months Ended		6 Months Ended		12 Months Ended
	Jan. 31, 2020	Dec. 31, 2019	Jan. 31, 2019	Jan. 31, 2020	Jan. 31, 2019	Apr. 30, 2020	Apr. 30, 2019	Oct. 31, 2019
Management
Class of Stock [Line Items]
Shares exchanged (in shares)				11,314	20,119
Fair value of common stock for the payment of payroll taxes associated with the vesting of shares under stock-based compensation programs				$ 213	$ 305
Stock-Based Compensation | Minimum
Class of Stock [Line Items]
Vesting period						2 years
Stock-Based Compensation | Management
Class of Stock [Line Items]
Shares granted (in shares)								0
Stock-Based Compensation | Key Executives
Class of Stock [Line Items]
Vesting period								3 years
Shares granted (in shares)		95,000
Common stock per share (in dollars per share)		$ 18.87
Cost from stock compensation								$ 1,793
Stock-Based Compensation | Key Executives | Minimum
Class of Stock [Line Items]
Vesting period						3 years
Stock-Based Compensation | Key Executives | Maximum
Class of Stock [Line Items]
Vesting period						5 years
Stock-Based Compensation | Non-Employee Directors
Class of Stock [Line Items]
Shares granted (in shares)	17,841		15,642
Share-based compensation expense						$ 358	$ 339

Segment Information - Narrative

Segment Information - Narrative (Details)	3 Months Ended		6 Months Ended
	Apr. 30, 2020USD ($)	Apr. 30, 2019USD ($)	Apr. 30, 2020USD ($)segment	Apr. 30, 2019USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			4
Revenues	$ 39,571,000	$ 42,035,000	$ 81,227,000	$ 84,053,000
Other Agribusiness
Segment Reporting Information [Line Items]
Revenues	3,819,000	3,901,000	7,983,000	6,102,000
Other Agribusiness | Oranges
Segment Reporting Information [Line Items]
Revenues	2,667,000	1,991,000	4,939,000	2,937,000
Other Agribusiness | Specialty Citrus and Other Crops [Member]
Segment Reporting Information [Line Items]
Revenues	$ 1,152,000	$ 1,910,000	$ 3,044,000	$ 3,165,000

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2020	Apr. 30, 2019
Segment Reporting Information [Line Items]
Net revenues	$ 39,571	$ 42,035	$ 81,227	$ 84,053
Costs and expenses	39,971	40,919	87,528	83,831
Depreciation and amortization	2,433	2,121	4,998	4,247
Operating income (loss)	(2,833)	(1,005)	(11,299)	(4,025)
Eliminations
Segment Reporting Information [Line Items]
Net revenues	(8,454)	(8,157)	(15,559)	(15,201)
Costs and expenses	(8,454)	(8,157)	(15,559)	(15,201)
Depreciation and amortization	0	0	0	0
Operating income (loss)	0	0	0	0
Total net revenues
Segment Reporting Information [Line Items]
Net revenues	39,571	42,035	81,227	84,053
Corporate and Other
Segment Reporting Information [Line Items]
Net revenues	1,132	1,212	2,305	2,430
Costs and expenses	6,182	5,701	13,480	11,565
Depreciation and amortization	273	261	554	519
Operating income (loss)	(5,323)	(4,750)	(11,729)	(9,654)
Total Agribusiness
Segment Reporting Information [Line Items]
Net revenues	38,439	40,823	78,922	81,623
Costs and expenses	33,789	35,218	74,048	72,266
Depreciation and amortization	2,160	1,860	4,444	3,728
Operating income (loss)	2,490	3,745	430	5,629
Total Agribusiness | Eliminations
Segment Reporting Information [Line Items]
Net revenues	0	0	0	0
Total Agribusiness | Total net revenues
Segment Reporting Information [Line Items]
Net revenues	38,439	40,823	78,922	81,623
Fresh Lemons
Segment Reporting Information [Line Items]
Net revenues	28,715	32,428	60,772	66,921
Costs and expenses	26,961	27,915	61,312	59,997
Depreciation and amortization	0	0	0	0
Operating income (loss)	1,754	4,513	(540)	6,924
Fresh Lemons | Eliminations
Segment Reporting Information [Line Items]
Net revenues	0	0	0	0
Fresh Lemons | Total net revenues
Segment Reporting Information [Line Items]
Net revenues	28,715	32,428	60,772	66,921
Lemon Packing
Segment Reporting Information [Line Items]
Net revenues	3,883	3,954	7,977	8,057
Costs and expenses	10,328	10,664	18,937	19,448
Depreciation and amortization	0	0	0	0
Operating income (loss)	2,009	1,447	4,599	3,810
Lemon Packing | Eliminations
Segment Reporting Information [Line Items]
Net revenues	8,454	8,157	15,559	15,201
Lemon Packing | Total net revenues
Segment Reporting Information [Line Items]
Net revenues	12,337	12,111	23,536	23,258
Avocados
Segment Reporting Information [Line Items]
Net revenues	2,022	540	2,190	543
Costs and expenses	1,561	921	2,034	1,637
Depreciation and amortization	0	0	0	0
Operating income (loss)	461	(381)	156	(1,094)
Avocados | Eliminations
Segment Reporting Information [Line Items]
Net revenues	0	0	0	0
Avocados | Total net revenues
Segment Reporting Information [Line Items]
Net revenues	2,022	540	2,190	543
Other Agribusiness
Segment Reporting Information [Line Items]
Net revenues	3,819	3,901	7,983	6,102
Costs and expenses	3,393	3,875	7,324	6,385
Depreciation and amortization	0	0	0	0
Operating income (loss)	426	26	659	(283)
Other Agribusiness | Eliminations
Segment Reporting Information [Line Items]
Net revenues	0	0	0	0
Other Agribusiness | Total net revenues
Segment Reporting Information [Line Items]
Net revenues	$ 3,819	$ 3,901	$ 7,983	$ 6,102