Limoneira (LMNR) 10-Q 8 Jun 21 2021 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Apr. 30, 2021	May 31, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2021
Document Transition Report	false
Entity File Number	001-34755
Entity Registrant Name	LIMONEIRA COMPANY
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0260692
Entity Address, Address Line One	1141 Cummings Road
Entity Address, City or Town	Santa Paula
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	93060
City Area Code	805
Local Phone Number	525-5541
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	LMNR
Security Exchange Name	NASDAQ
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 (in shares)		17,685,400
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001342423
Current Fiscal Year End Date	--10-31

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Apr. 30, 2021	Oct. 31, 2020
Current assets:
Cash	$ 1,590	$ 501
Accounts receivable, net	20,720	16,261
Cultural costs	4,145	6,865
Prepaid expenses and other current assets	11,835	10,688
Receivables/other from related parties	4,842	2,294
Income taxes receivable	945	5,911
Total current assets	44,077	42,520
Property, plant and equipment, net	244,505	242,649
Real estate development	21,941	21,636
Equity in investments	62,223	61,214
Goodwill	1,550	1,535
Intangible assets, net	11,160	11,309
Other assets	9,171	8,737
Total assets	394,627	389,600
Current liabilities:
Accounts payable	8,531	5,838
Growers payable	8,466	8,126
Accrued liabilities	5,930	7,947
Payables to related parties	7,487	6,273
Current portion of long-term debt	3,336	3,277
Total current liabilities	33,750	31,461
Long-term liabilities:
Long-term debt, less current portion	128,190	122,571
Deferred income taxes	22,217	22,430
Other long-term liabilities	6,573	6,568
Total liabilities	190,730	183,030
Commitments and contingencies (See Note 16)	0	0
Stockholders' Equity:
Common Stock – 0.01 par value (39,000,000 shares authorized: 17,936,377 and 17,857,707 shares issued and 17,685,400 and 17,606,730 shares outstanding at April 30, 2021 and October 31, 2020, respectively)	179	179
Additional paid-in capital	163,020	162,084
Retained earnings	25,620	30,797
Accumulated other comprehensive loss	(5,908)	(7,548)
Treasury stock, at cost, 250,977 shares at April 30, 2021 and October 31, 2020	(3,493)	(3,493)
Noncontrolling interest	13,669	13,741
Total stockholders' equity	193,087	195,760
Total liabilities and stockholders' equity	394,627	389,600
Series B Convertible Preferred Stock
Long-term liabilities:
Convertible Preferred Stock	1,479	1,479
Series B2 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, 2021 and October 31, 2020)	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	6 Months Ended	12 Months Ended
	Apr. 30, 2021	Oct. 31, 2020
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)	17,936,377	17,857,707
Common stock, outstanding (in shares)	17,685,400	17,606,730
Common stock in treasury (in shares)	250,977	250,977
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 B2 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, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Net revenues:
Agribusiness	$ 43,989	$ 38,439	$ 81,126	$ 78,922
Other operations	1,143	1,132	2,281	2,305
Total net revenues	45,132	39,571	83,407	81,227
Costs and expenses:
Agribusiness	36,442	35,949	73,380	78,492
Other operations	1,090	1,117	2,172	2,386
Selling, general and administrative	5,216	5,338	11,111	11,648
Total costs and expenses	42,748	42,404	86,663	92,526
Operating income (loss)	2,384	(2,833)	(3,256)	(11,299)
Other income (expense):
Interest income	25	0	68	0
Interest expense, net of patronage dividends	(622)	(1,052)	(488)	(997)
Equity in earnings (losses) of investments, net	643	(371)	1,009	(491)
Loss on stock in Calavo Growers, Inc.	0	(4,275)	0	(6,299)
Other income (expense), net	57	(280)	51	235
Total other income (expense)	103	(5,978)	640	(7,552)
Income (loss) before income tax (provision) benefit	2,487	(8,811)	(2,616)	(18,851)
Income tax (provision) benefit	(974)	3,505	213	6,641
Net income (loss)	1,513	(5,306)	(2,403)	(12,210)
Net loss attributable to noncontrolling interest	420	423	128	900
Net income (loss) attributable to Limoneira Company	1,933	(4,883)	(2,275)	(11,310)
Preferred dividends	(126)	(126)	(251)	(251)
Net income (loss) attributable to common stock	$ 1,807	$ (5,009)	$ (2,526)	$ (11,561)
Basic net income (loss) per common share (in dollars per share)	$ 0.10	$ (0.29)	$ (0.15)	$ (0.66)
Diluted net income (loss) per common share (in dollars per share)	$ 0.10	$ (0.29)	$ (0.15)	$ (0.66)
Weighted-average common shares outstanding-basic (in shares)	17,461,000	17,634,000	17,429,000	17,602,000
Weighted-average common shares outstanding-diluted (in shares)	17,461,000	17,634,000	17,429,000	17,602,000
Revenue, Product and Service [Extensible List]	Agribusiness	Agribusiness	Agribusiness	Agribusiness
Cost, Product and Service [Extensible List]	Agribusiness	Agribusiness	Agribusiness	Agribusiness

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 1,513	$ (5,306)	$ (2,403)	$ (12,210)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	577	(619)	1,372	(1,886)
Minimum pension liability adjustment, net of tax of $50, $50, $100 and $100 for the three and six months ended April 30, 2021 and 2020, respectively.	134	60	268	195
Residual state tax effects on sale of equity securities	0	140	0	140
Total other comprehensive income (loss), net of tax	711	(419)	1,640	(1,551)
Comprehensive income (loss)	2,224	(5,725)	(763)	(13,761)
Comprehensive loss attributable to noncontrolling interest	403	422	72	887
Comprehensive income (loss) attributable to Limoneira Company	$ 2,627	$ (5,303)	$ (691)	$ (12,874)

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Statement of Other Comprehensive Income [Abstract]
Minimum pension liability adjustment, tax	$ 50	$ 50	$ 100	$ 100

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY - USD ($) $ in Thousands	Total	Series B Preferred Stock	Series B2 Convertible Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained EarningsSeries B Preferred Stock	Retained EarningsSeries B2 Convertible Preferred Stock	Accumulated Other Comprehensive (Loss) Income	Treasury Stock	Noncontrolling Interest
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
Stockholders' Equity
Dividends Common	(1,338)					(1,338)
Dividends Preferred		$ (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 income (loss)	(6,904)					(6,427)					(477)
Other comprehensive (loss) income, 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
Stockholders' Equity
Net income (loss)	(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
Stockholders' Equity
Dividends Common	(1,341)					(1,341)
Dividends Preferred		(32)	(93)				(32)	(93)
Stock compensation	358				358
Noncontrolling interest adjustment	(145)										(145)
Net income (loss)	(5,306)					(4,883)					(423)
Other comprehensive (loss) income, 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
Beginning balance (in shares) at Oct. 31, 2020				17,606,730
Beginning balance at Oct. 31, 2020	195,760			$ 179	162,084	30,797			(7,548)	$ (3,493)	13,741
Stockholders' Equity
Dividends Common	(1,324)					(1,324)
Dividends Preferred		(32)	(93)				(32)	(93)
Stock compensation (in shares)				125,190
Stock compensation	1,067			$ 1	1,066
Exchange of common stock (in shares)				(46,993)
Exchange of common stock	(701)			$ (1)	(700)
Net income (loss)	(3,916)					(4,208)					292
Other comprehensive (loss) income, net of tax	968								929		39
Ending balance (in shares) at Jan. 31, 2021				17,684,927
Ending balance at Jan. 31, 2021	191,729			$ 179	162,450	25,140			(6,619)	(3,493)	14,072
Beginning balance, temporary equity at Oct. 31, 2020		1,479	9,331
Ending balance, temporary equity at Jan. 31, 2021		1,479	9,331
Beginning balance (in shares) at Oct. 31, 2020				17,606,730
Beginning balance at Oct. 31, 2020	195,760			$ 179	162,084	30,797			(7,548)	(3,493)	13,741
Stockholders' Equity
Net income (loss)	(2,403)
Ending balance (in shares) at Apr. 30, 2021				17,685,400
Ending balance at Apr. 30, 2021	193,087			$ 179	163,020	25,620			(5,908)	(3,493)	13,669
Beginning balance, temporary equity at Oct. 31, 2020		1,479	9,331
Ending balance, temporary equity at Apr. 30, 2021		1,479	9,331
Beginning balance (in shares) at Jan. 31, 2021				17,684,927
Beginning balance at Jan. 31, 2021	191,729			$ 179	162,450	25,140			(6,619)	(3,493)	14,072
Stockholders' Equity
Dividends Common	(1,327)					(1,327)
Dividends Preferred		(33)	(93)				$ (33)	$ (93)
Stock compensation (in shares)				473
Stock compensation	570				570
Net income (loss)	1,513					1,933					(420)
Other comprehensive (loss) income, net of tax	728								711		17
Ending balance (in shares) at Apr. 30, 2021				17,685,400
Ending balance at Apr. 30, 2021	$ 193,087			$ 179	$ 163,020	$ 25,620			$ (5,908)	$ (3,493)	$ 13,669
Beginning balance, temporary equity at Jan. 31, 2021		1,479	9,331
Ending balance, temporary equity at Apr. 30, 2021		$ 1,479	$ 9,331

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Apr. 30, 2021	Jan. 31, 2021	Apr. 30, 2020	Jan. 31, 2020
Dividends - Common (in dollars per share)	$ 0.075	$ 0.075	$ 0.075	$ 0.075
Series B Preferred Stock
Dividends - Preferred (in dollars per share)	2.19	2.19	2.19	2.19
Series B2 Convertible Preferred Stock
Dividends - Preferred (in dollars per share)	$ 10	$ 10	$ 10	$ 10

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Operating activities
Net income (loss)	$ (2,403)	$ (12,210)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	5,053	4,998
(Gain) or loss on disposals of assets	(16)	264
Stock compensation expense	1,637	1,187
Non-cash lease expense	237	228
Equity in (earnings) losses of investments, net	(1,009)	491
Deferred income taxes	(213)	(6,641)
Loss on stock in Calavo Growers, Inc.	0	6,299
Other, net	274	(12)
Changes in operating assets and liabilities:
Accounts receivable and receivables/other from related parties	(6,733)	(2,953)
Cultural costs	2,724	3,001
Prepaid expenses and other current assets	(1,158)	(4,620)
Income taxes receivable	4,966	0
Other assets	0	80
Accounts payable and growers payable	2,738	(3,841)
Accrued liabilities and payables to related parties	(1,197)	(2,360)
Other long-term liabilities	(257)	291
Net cash provided by (used in) operating activities	4,643	(15,798)
Investing activities
Capital expenditures	(5,409)	(5,415)
Net proceeds from sales of property assets	83	0
Net proceeds from sale of stock in Calavo Growers, Inc.	0	11,048
Loan to Limoneira Lewis Community Builders, LLC	0	(1,800)
Collection on note receivable	25	0
Equity investment contributions	0	(2,800)
Investments in mutual water companies and water rights	(200)	(51)
Insurance proceeds received	0	250
Net cash (used in) provided by investing activities	(5,501)	1,232
Financing activities
Borrowings of long-term debt	48,185	71,275
Repayments of long-term debt	(42,675)	(52,771)
Dividends paid – common	(2,651)	(2,679)
Dividends paid – preferred	(251)	(250)
Exchange of common stock	(700)	(213)
Net cash provided by financing activities	1,908	15,362
Effect of exchange rate changes on cash	39	(148)
Net increase in cash	1,089	648
Cash at beginning of period	501	616
Cash at end of period	1,590	1,264
Supplemental disclosures of cash flow information
Cash paid during the period for interest, net of amounts capitalized	780	981
Cash (received) paid during the period for income taxes, net	(4,997)	0
Non-cash investing and financing activities:
Capital expenditures accrued but not paid at period-end	150	1,734
Accrued contribution obligation of investment in water company	$ 450	$ 450

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
	Apr. 30, 2021
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, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Comprehensive Income (Loss) Comprehensive income (loss) represents all changes in a company’s net assets, except changes resulting from transactions with stockholders. Other comprehensive income or loss primarily includes foreign currency translation items and defined benefit pension items. Accumulated other comprehensive income (loss) is reported as a component of the Company's stockholders' equity. The following tables summarizes the changes in other comprehensive income (loss) by component (in thousands): Three Months Ended April 30, 2021 2020 Pre-tax Amount Tax Expense Net Amount Pre-tax Amount Tax Expense Net Amount Foreign currency translation adjustments $ 577 $ — $ 577 $ (619) $ — $ (619) Minimum pension liability adjustments: Other comprehensive gain before reclassifications 184 (50) 134 110 (50) 60 Available-for-sale securities: Amounts reclassified to earnings included in "Selling, general and administrative" — — — 140 — 140 Other comprehensive income (loss) $ 761 $ (50) $ 711 $ (369) $ (50) $ (419) 2. Summary of Significant Accounting Policies (continued) Six Months Ended April 30, 2021 2020 Pre-tax Amount Tax Expense Net Amount Pre-tax Amount Tax Expense Net Amount Foreign currency translation adjustments $ 1,372 $ — $ 1,372 $ (1,886) $ — $ (1,886) Minimum pension liability adjustments: Other comprehensive gain before reclassifications 368 (100) 268 295 (100) 195 Available-for-sale securities: Amounts reclassified to earnings included in "Selling, general and administrative" — — — 140 — 140 Other comprehensive income (loss) $ 1,740 $ (100) $ 1,640 $ (1,451) $ (100) $ (1,551) The following table summarizes the changes in accumulated other comprehensive (loss) income by component (in thousands): Foreign Currency Translation (Loss) Income Defined Benefit Pension Plan Available-for-Sale Securities Accumulated Other Comprehensive (Loss) Income Balance as of October 31, 2020 $ (3,069) $ (4,479) $ — $ (7,548) Other comprehensive income 1,372 268 — 1,640 Balance as of April 30, 2021 $ (1,697) $ (4,211) $ — $ (5,908) Foreign Currency Translation Loss Defined Benefit Pension Plan Available-for-Sale Securities Accumulated Other Comprehensive Loss Balance as of October 31, 2019 $ (2,362) $ (4,753) $ (140) $ (7,255) Other comprehensive (loss) income (1,886) 195 140 (1,551) Balance as of April 30, 2020 $ (4,248) $ (4,558) $ — $ (8,806) Recent Accounting Pronouncements 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. The Company adopted this ASU effective November 1, 2020 and the adoption did not have a material impact on its consolidated financial statements. FASB ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity This amendment simplifies accounting for convertible instruments by removing major separation models currently required under GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument and more convertible preferred stock as a single equity instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted earnings per share (EPS) calculation in certain areas.

Concentrations and Geographic I

Concentrations and Geographic Information	6 Months Ended
	Apr. 30, 2021
Risks and Uncertainties [Abstract]
Concentrations and Geographic Information	Concentrations and Geographic Information Lemons procured from third-party growers were 50% and 60% of the Company's lemon supply in the three months ended April 30, 2021 and 2020, respectively. Lemons procured from third-party growers were 49% and 58% of the Company's lemon supply in the six months ended April 30, 2021 and 2020, respectively, of which one third-party grower was 19% of the lemon supply for the six months ended April 30, 2021. The Company sells the majority of its avocado production to Calavo. The Company sells a majority of its oranges and specialty citrus to a third-party packinghouse. Concentrations of credit risk with respect to revenues and account receivables are limited due to a large, diverse customer base. One individual customer represented 11% of revenues for the six months ended April 30, 2021. One individual customer represented more than 10% of accounts receivable, net as of April 30, 2021. During the three months ended April 30, 2021 and 2020, the Company had approximately $950,000 and $921,000, respectively, of total sales in Chile by Fruticola Pan de Azucar S.A. ("PDA") and Agricola San Pablo SpA ("San Pablo"). During the three months ended April 30, 2021 and 2020, the Company had approximately $884,000 and $2,280,000, respectively, of total sales in Argentina by Trapani Fresh. During the six months ended April 30, 2021 and 2020, the Company had approximately $1,977,000 and $1,460,000, respectively, of total sales in Chile by PDA and San Pablo. During the six months ended April 30, 2021 and 2020, the Company had approximately $2,555,000 and $2,479,000, respectively, of total sales in Argentina by Trapani Fresh.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	6 Months Ended
	Apr. 30, 2021
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, 2021 October 31, 2020 Prepaid supplies and insurance $ 2,769 $ 2,080 Note receivable and related interest 2,464 2,490 Real estate development held for sale 2,543 2,543 Sales tax receivable 1,549 1,867 Lemon supplier advances and other 2,510 1,708 $ 11,835 $ 10,688

Real Estate Development

Real Estate Development	6 Months Ended
	Apr. 30, 2021
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, 2021 October 31, 2020 Retained Property - East Area I $ 12,903 $ 13,169 East Area II 9,038 8,467 $ 21,941 $ 21,636 5. Real Estate Development (continued) 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. 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 in Retained Property and East Area II includes estimated costs incurred by and reimbursable to LLCB of $5,450,000 and $5,300,000 at April 30, 2021 and October 31, 2020, respectively, which is included in payables to related parties. 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. In February 2021, this loan was extended to February 22, 2023 with an option to extend to February 22, 2024, subject to certain conditions. 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 Joint Venture had an outstanding balance of $11,411,000 as of April 30, 2021. 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 $1,080,000 estimated value of the guarantee was recorded in the Company’s consolidated balance sheets and is included in other long-term liabilities with a corresponding value in equity in investments. The extension had no impact on the Company's Loan guarantee value. Additionally, a Reimbursement Agreement was executed between the Lewis guarantors and the Company, which provides for unpaid liabilities of the Joint Venture to be shared pro-rata by the Lewis guarantors and the Company in proportion to their percentage interest in the Joint Venture. The Company made contributions to the Joint Venture of zero and $2,800,000 in the six months ended April 30, 2021 and 2020, respectively. Through April 30, 2021, the Joint Venture has closed the sales of the initial residential lots representing 464 residential units. Other Real Estate Development Projects The remaining real estate development parcel within the Templeton Santa Barbara, LLC project is described as Sevilla. 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 2021. 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, 2021, the $2,543,000 carrying value of the property was classified as held for sale and included in prepaid expenses and other current assets. 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. In September 2020, the promissory note was further extended to June 15, 2021 on the same terms and conditions upon making a principal paydown of $25,000, which was paid in November 2020, with an option to further extend the maturity date of the promissory note to December 15, 2021 on the same terms and conditions and upon making an additional principal paydown of $25,000. The option was exercised and the extension payment was paid in May 2021. At April 30, 2021, the net carrying value of the note was $2,625,000 and classified in prepaid expenses and other current assets.

Equity in Investments

Equity in Investments	6 Months Ended
	Apr. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]
Equity in Investments	Equity in Investments Equity in investments consist of the following (in thousands): April 30, 2021 October 31, 2020 Limoneira Lewis Community Builders, LLC $ 58,475 $ 57,142 Limco Del Mar, Ltd. 1,936 1,920 Rosales 1,303 1,641 Romney Property Partnership 509 511 $ 62,223 $ 61,214 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 periods for the six months ended April 30, 2021 and 2020, this threshold was met for the Company's equity investment in LLCB. The following is unaudited summarized financial information for LLCB (in thousands): Six Months Ended 2021 2020 Revenues $ 19,827 $ 4,768 Cost of land sold 15,336 3,975 Operating expenses 467 649 Net income $ 4,024 $ 144 Net income attributable to Limoneira Company $ 2,005 $ 132

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Apr. 30, 2021
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 Carrying Amount Balance at October 31, 2020 $ 1,535 Foreign currency translation adjustment 15 Balance at April 30, 2021 $ 1,550 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, 2021. During the six months ended April 30, 2021, the Company acquired additional water rights in Chile for $186,000. 7. Goodwill and Intangible Assets (continued) Intangible assets consisted of the following as of April 30, 2021 and October 31, 2020 (in thousands): April 30, 2021 October 31, 2020 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 $ 3,771 $ (1,156) $ 2,615 10 $ 3,771 $ (947) $ 2,824 10 Customer relationships 5,010 (1,254) 3,756 9 5,010 (989) 4,021 9 Non-competition agreement 1,040 (199) 841 10 1,040 (147) 893 10 Acquired water and mineral rights 3,948 — 3,948 Indefinite 3,571 — 3,571 Indefinite $ 13,769 $ (2,609) $ 11,160 $ 13,392 $ (2,083) $ 11,309 Amortization expense totaled $263,000 and $205,000 for the three months ended April 30, 2021 and 2020, respectively. Amortization expense totaled $526,000 and $490,000 for the six months ended April 30, 2021 and 2020, respectively. Estimated future amortization expense of intangible assets as of April 30, 2021 are as follows (in thousands): 2021 (excluding the six months ended April 30, 2021) $ 514 2022 989 2023 989 2024 981 2025 976 Thereafter 2,763 $ 7,212

Other Assets

Other Assets	6 Months Ended
	Apr. 30, 2021
Other Assets [Abstract]
Other Assets	Other AssetsInvestments in Mutual Water CompaniesThe 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, 2021 and October 31, 2020 were $6,024,000 and $5,563,000, respectively.

Accrued Liabilities

Accrued Liabilities	6 Months Ended
	Apr. 30, 2021
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consist of the following (in thousands): April 30, 2021 October 31, 2020 Compensation $ 2,688 $ 2,275 Property taxes — 683 Lemon and orange supplier payables — 1,346 Operating expenses 1,359 938 Leases 339 959 Other 1,544 1,746 $ 5,930 $ 7,947

Long-Term Debt

Long-Term Debt	6 Months Ended
	Apr. 30, 2021
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt is comprised of the following (in thousands): April 30, 2021 October 31, 2020 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 0.11% at April 30, 2021, 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. $ 109,484 $ 102,251 Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 2.48%. The loan is payable in quarterly installments through November 2022. 1,125 1,438 Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 3.24%. The loan is payable in monthly installments through October 2035. 1,002 1,029 Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 3.24%. The loan is payable in monthly installments through March 2036. 8,220 8,433 Farm Credit West term loan: Effective July 1, 2020 the interest rate was fixed at 2.77% until July 1, 2025, becoming variable for the remainder of the loan. The loan is payable in monthly installments through March 2036. 6,057 6,220 Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023. 2,739 3,491 Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 1,067 1,205 Note Payable: the interest rate ranges from 5.00% to 7.00% and was 6.50% at April 30, 2021. The loan includes interest only monthly payments and principal is due in February 2023. 1,435 1,435 Banco de Chile COVID-19 loans: The interest rates are fixed at 3.48% and 2.90%. The loans are payable in monthly installments beginning February 2021 through September 2024. 551 522 Subtotal 131,680 126,024 Less deferred financing costs, net of accumulated amortization 154 176 Total long-term debt, net 131,526 125,848 Less current portion 3,336 3,277 Long-term debt, less current portion $ 128,190 $ 122,571 The Company and Farm Credit West, FLCA (“Farm Credit West”) are parties to that certain Master Loan Agreement (the “Loan Agreement”), dated June 20, 2017, which includes a Revolving Credit Supplement and a Non-Revolving Credit Supplement (together, the “Supplements”). On June 30, 2020, the Company and Farm Credit West entered into a Conversion Agreement to convert the term loans noted above to fixed interest rate loans effective July 1, 2020. No changes were made to the outstanding principal balances on the term loans and the Company made no cash repayments of principal. The rates were subject to a prepayment restriction period for a portion of the fixed rate term that expired on January 1, 2021. The Company may prepay any amounts without penalty. 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 RELOC 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, 2021, of which $20,516,000 was available to borrow. All indebtedness under the Loan Agreement and RELOC with Farm Credit West, 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 10. Long-Term Debt (continued) 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 2020, Farm Credit West declared an annual cash patronage dividend of 1.50% of average eligible loan balances. The Company received $1,170,000 in February 2021. The Loan Agreement subjects the Company to affirmative and restrictive covenants including, among other customary covenants, financial reporting requirements, requirements to maintain and repair any collateral, restrictions on the sale of assets, restrictions on the use of proceeds, prohibitions on the incurrence of additional debt and restrictions on the purchase or sale of major assets of the Company's business. The Company is also subject to a covenant that it will maintain a debt service coverage ratio greater than 1.25:1.0 measured annually at October 31. In August 2020, Farm Credit West modified the covenant to defer measurement at October 31, 2020 and revert to a debt service coverage ratio of 1.25:1.0 measured as of October 31, 2021. Interest is capitalized on non-bearing orchards, real estate development projects and significant construction in progress. The Company capitalized interest of $308,000 and $355,000 during the three months ended April 30, 2021 and 2020, respectively, and $308,000 and $444,000 during the six months ended April 30, 2021 and 2020, 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, 2021
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 22 years, with various renewal terms available. All of the residential rentals have month to month lease terms. The Company’s rental operations revenue consists of the following (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Operating lease revenue $ 1,070 $ 1,061 $ 2,129 $ 2,157 Variable lease revenue 73 71 152 148 Total lease revenue $ 1,143 $ 1,132 $ 2,281 $ 2,305 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 Operating lease costs were $136,000 and $137,000 for the three months ended April 30, 2021 and 2020, respectively, and $278,000 and $274,000 for the six months ended April 30, 2021 and 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. 11. Leases (continued) Lessee Arrangements (continued) Supplemental balance sheet information related to leases consists of the following (in thousands): Classification April 30, 2021 October 31, 2020 Assets Operating lease ROU assets Other assets $ 2,087 $ 2,053 Liabilities and Stockholders' Equity Current operating lease liabilities Accrued liabilities and payables to related parties 473 521 Non-current operating lease liabilities Other long-term liabilities 1,661 1,610 Total operating lease liabilities $ 2,134 $ 2,131 Supplemental cash flow information related to leases consists of the following (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 121 $ 122 $ 310 $ 306 ROU assets obtained in exchange for new operating lease liabilities $ — $ — $ 271 $ —
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 22 years, with various renewal terms available. All of the residential rentals have month to month lease terms. The Company’s rental operations revenue consists of the following (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Operating lease revenue $ 1,070 $ 1,061 $ 2,129 $ 2,157 Variable lease revenue 73 71 152 148 Total lease revenue $ 1,143 $ 1,132 $ 2,281 $ 2,305 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 Operating lease costs were $136,000 and $137,000 for the three months ended April 30, 2021 and 2020, respectively, and $278,000 and $274,000 for the six months ended April 30, 2021 and 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. 11. Leases (continued) Lessee Arrangements (continued) Supplemental balance sheet information related to leases consists of the following (in thousands): Classification April 30, 2021 October 31, 2020 Assets Operating lease ROU assets Other assets $ 2,087 $ 2,053 Liabilities and Stockholders' Equity Current operating lease liabilities Accrued liabilities and payables to related parties 473 521 Non-current operating lease liabilities Other long-term liabilities 1,661 1,610 Total operating lease liabilities $ 2,134 $ 2,131 Supplemental cash flow information related to leases consists of the following (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 121 $ 122 $ 310 $ 306 ROU assets obtained in exchange for new operating lease liabilities $ — $ — $ 271 $ —

Basic and Diluted Net Income (L

Basic and Diluted Net Income (Loss) per Share	6 Months Ended
	Apr. 30, 2021
Earnings Per Share [Abstract]
Basic and Diluted Net Income (Loss) per Share	Basic and Diluted Net Income (Loss) per Share Basic net income (loss) per common share is calculated using the weighted-average number of common shares outstanding during the period without consideration of the dilutive effect of conversion of preferred stock. Diluted net income (loss) per common share is calculated using the weighted-average number of common shares outstanding during the period plus the dilutive effect of conversion of unvested, restricted stock and preferred stock. The computations for basic and diluted net income (loss) per common share are as follows (in thousands, except per share amounts): Three Months Ended Six Months Ended 2021 2020 2021 2020 Basic net income (loss) per common share: Net income (loss) applicable to common stock $ 1,807 $ (5,009) $ (2,526) $ (11,561) Effect of unvested, restricted stock (17) (17) (35) (34) Numerator: Net income (loss) for basic EPS 1,790 (5,026) (2,561) (11,595) Denominator: Weighted average common shares-basic 17,461 17,634 17,429 17,602 Basic net income (loss) per common share $ 0.10 $ (0.29) $ (0.15) $ (0.66) Diluted net income (loss) per common share: Numerator: Net income (loss) for diluted EPS $ 1,790 $ (5,026) $ (2,561) $ (11,595) Weighted average common shares–basic 17,461 17,634 17,429 17,602 Effect of dilutive unvested, restricted stock and preferred stock — — — — Denominator: Weighted average common shares–diluted 17,461 17,634 17,429 17,602 Diluted net income (loss) per common share $ 0.10 $ (0.29) $ (0.15) $ (0.66) 12. Basic and Diluted Net Income (Loss) per Share (continued) Diluted earnings (losses) 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 178,000 and 220,000, unvested, restricted shares, as calculated under the treasury stock method, from its computation of diluted earnings (losses) per share for the three months ended April 30, 2021 and 2020, respectively, and 185,000 and 196,000 for the six months ended April 30, 2021 and 2020, respectively.

Related-Party Transactions

Related-Party Transactions	6 Months Ended
	Apr. 30, 2021
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, 2021 October 31, 2020 Balance Sheet Balance Sheet Ref Related Party Receivable/Other from Related Parties Other Assets Payables to Related Parties Other Long-Term Liabilities Receivable/Other from Related Parties Other Assets Payables to Related Parties Other Long-Term Liabilities 2 Mutual water companies $ — $ 461 $ 536 $ — $ — $ 64 $ 64 $ — 3 Cooperative association $ — $ — $ 49 $ — $ — $ — $ 123 $ — 4 Calavo $ 1,635 $ — $ — $ — $ — $ — $ — $ — 5 Cadiz / Fenner / WAM $ — $ 1,405 $ 247 $ 1,316 $ — $ 1,443 $ 182 $ 1,353 6 Colorado River Growers $ — $ — $ — $ — $ 81 $ — $ — $ — 8 FGF $ 3,121 $ — $ 1,111 $ — $ 2,213 $ — $ 604 $ — 9 LLCB $ — $ — $ 5,450 $ — $ — $ — $ 5,300 $ — 10 Freska $ 86 $ — $ — $ — $ — $ — $ — $ — 11 Third party growers $ — $ — $ 94 $ — $ — $ — $ — $ — Three Months Ended April 30, 2021 Three Months Ended April 30, 2020 Consolidated Statement of Operations Consolidated Statement of Operations Ref Related Party Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Dividends Paid Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Other Income, Net Dividends Paid 1 Employees $ — $ 206 $ — $ — $ — $ 193 $ — $ — $ — 2 Mutual water companies $ — $ — $ 163 $ — $ — $ — $ 117 $ — $ — 3 Cooperative association $ — $ — $ 369 $ — $ — $ — $ 447 $ — $ — 4 Calavo $ 2,553 $ 78 $ 279 $ 126 $ 1,539 $ 84 $ 59 $ — $ 126 5 Cadiz / Fenner / WAM $ — $ — $ 85 $ — $ — $ — $ 70 $ — $ — 6 Colorado River Growers $ — $ — $ — $ — $ 1 $ — $ 337 $ — $ — 7 YMIDD $ — $ — $ 53 $ — $ — $ — $ 53 $ — $ — 8 FGF $ 884 $ — $ 970 $ — $ 2,280 $ — $ 2,270 $ — $ — 10 Freska $ 96 $ — $ 142 $ — $ — $ — $ — $ — $ — 11 Third party growers $ — $ — $ 116 $ — $ — $ — $ — $ — $ — 13. Related-Party Transactions (continued) Six Months Ended April 30, 2021 Six Months Ended April 30, 2020 Consolidated Statement of Operations Consolidated Statement of Operations Ref Related Party Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Dividends Paid Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Other Income, Net Dividends Paid 1 Employees $ — $ 404 $ — $ — $ — $ 390 $ — $ — $ — 2 Mutual water companies $ — $ — $ 605 $ — $ — $ — $ 464 $ — $ — 3 Cooperative association $ — $ — $ 526 $ — $ — $ — $ 893 $ — $ — 4 Calavo $ 2,553 $ 157 $ 280 $ 252 $ 1,572 $ 165 $ 178 $ 220 $ 252 5 Cadiz / Fenner / WAM $ — $ — $ 235 $ — $ — $ — $ 171 $ — $ — 6 Colorado River Growers $ 157 $ — $ 2,772 $ — $ 522 $ — $ 5,337 $ — $ — 7 YMIDD $ — $ — $ 62 $ — $ — $ — $ 86 $ — $ — 8 FGF $ 2,555 $ — $ 1,228 $ — $ 2,479 $ — $ 2,433 $ — $ — 10 Freska $ 96 $ — $ 142 $ — $ — $ — $ — $ — $ — 11 Third party growers $ — $ — $ 116 $ — $ — $ — $ — $ — $ — (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, 2021 or October 31, 2020. (2) Mutual water companies - The Company has representation on the boards of directors of the mutual water companies in which the Company has investments, refer to Note 8 - Other Assets. 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. 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 immaterial amounts due to Calavo for those services. (5) 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. (6) 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. (7) 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. (8) FGF Trapani ("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 receivable from FGF for lemon sales and a payable due to FGF for fruit purchases and services. 13. Related-Party Transactions (continued) (9) LLCB - Refer to Note 5 - Real Estate Development. (10) Freska - A member of the Company's board of directors is a majority shareholder of Freska Produce International, LLC ("Freska"). The Company had avocado sales to Freska and a corresponding receivable for such sales. (11) Third party growers - A member of the Company's board of directors markets lemons through the Company and the Company had payments due to the member for such lemon procurement.

Income Taxes

Income Taxes	6 Months Ended
	Apr. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesThe effective tax rate for the six months ended April 30, 2021 was lower than the federal statutory tax rate of 21% mainly due to foreign jurisdictions which are taxed at different rates, state taxes, and nondeductible tax items. The Company has no material uncertain tax positions as of April 30, 2021. 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, 2021.

Retirement Plans

Retirement Plans	6 Months Ended
	Apr. 30, 2021
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 no funding contributions during the six months ended April 30, 2021 and 2020. The components of net periodic pension cost for the Plan for the three and six months ended April 30, 2021 and 2020 were as follows (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Administrative expenses $ 69 $ 69 $ 138 $ 139 Interest cost 138 161 275 321 Expected return on plan assets (236) (247) (472) (495) Prior service cost 11 11 22 22 Recognized actuarial loss 184 185 368 370 Net periodic benefit cost $ 166 $ 179 $ 331 $ 357

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Apr. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesThe 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 and Tr

Stock-based Compensation and Treasury Stock	6 Months Ended
	Apr. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock-based Compensation and Treasury Stock	Stock-based Compensation and Treasury Stock 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 2020 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 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 2021 and 2020, 27,815 and 17,841 shares, respectively, of common stock were granted as Director Awards. The Company recognized $469,000 and $358,000 of stock-based compensation to non-employee directors during the six months ended April 30, 2021 and 2020, respectively. During the three months ended January 31, 2021 and 2020, members of management exchanged 46,993 and 11,314 shares, respectively, of common stock with fair values of $701,000 and $213,000, 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. Treasury Stock Share Repurchase Program On March 12, 2020, the Board of Directors of the Company approved a share repurchase program authorizing the Company to repurchase up to $10,000,000 of its outstanding shares of common stock through March 2021. During fiscal year 2020, the Company repurchased 250,977 shares under the share repurchase program for approximately $3,493,000. This program expired in March 2021.

Segment Information

Segment Information	6 Months Ended
	Apr. 30, 2021
Segment Reporting [Abstract]
Segment Information	Segment InformationThe Company operates in four reportable operating segments: fresh lemons, lemon packing, avocados and other agribusiness. 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. 18. Segment Information (continued) Revenues related to rental operations are included in “Corporate and Other.” Other agribusiness revenues consisted of oranges of $1,404,000 and $2,495,000 and specialty citrus and other crops of $1,175,000 and $3,024,000 for the three and six months ended April 30, 2021, respectively. Other agribusiness revenues consisted of oranges of $2,667,000 and $4,939,000 and specialty citrus and other crops of $1,152,000 and $3,044,000 for the three and six months ended April 30, 2020, 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, total other income (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, 2021 (in thousands): Fresh Lemon Eliminations Other Total Corporate Total Revenues from external customers $ 32,600 $ 6,103 $ — $ 2,707 $ 2,579 $ 43,989 $ 1,143 $ 45,132 Intersegment revenue — 9,282 (9,282) — — — — — Total net revenues 32,600 15,385 (9,282) 2,707 2,579 43,989 1,143 45,132 Costs and expenses 28,629 10,874 (9,282) 1,433 2,503 34,157 6,039 40,196 Depreciation and amortization — — — — — 2,285 267 2,552 Operating income (loss) $ 3,971 $ 4,511 $ — $ 1,274 $ 76 $ 7,547 $ (5,163) $ 2,384 Segment information for the three months ended April 30, 2020 (in thousands): Fresh Lemon Eliminations Other Total Corporate 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) Segment information for the six months ended April 30, 2021 (in thousands): Fresh Lemon Eliminations Other Total Corporate Total Revenues from external customers $ 61,900 $ 11,000 $ — $ 2,707 $ 5,519 $ 81,126 $ 2,281 $ 83,407 Intersegment revenue — 15,967 (15,967) — — — — — Total net revenues 61,900 26,967 (15,967) 2,707 5,519 81,126 2,281 83,407 Costs and expenses 58,136 20,405 (15,967) 1,433 4,876 68,883 12,727 81,610 Depreciation and amortization — — — — — 4,497 556 5,053 Operating income (loss) $ 3,764 $ 6,562 $ — $ 1,274 $ 643 $ 7,746 $ (11,002) $ (3,256) 18. Segment Information (continued) Segment information for the six months ended April 30, 2020 (in thousands): Fresh Lemon Eliminations Other Total Corporate 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 (loss) income $ (540) $ 4,599 $ — $ 156 $ 659 $ 430 $ (11,729) $ (11,299)

Subsequent Events

Subsequent Events	6 Months Ended
	Apr. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In June 2021, the Company entered into an agreement, effective March 1, 2021, to sell and license certain assets of Trapani Fresh to its 49% partner in the joint venture, FGF. These assets consist of packing supplies and certain intangible assets related to the packing, marketing, and selling business of Trapani Fresh. The total consideration to be received is approximately $3,800,000 over an 8-year term in 16 equal installments. There was no material gain or loss recognized on the transaction. Trapani Fresh continues to own and operate the 1,200-acre Santa Clara ranch and now sells the lemons it grows to FGF, who packs, markets, and sells the fruit to its export customers. Except as described in the notes to the interim consolidated financial statements, 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, 2021
Accounting Policies [Abstract]
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) represents all changes in a company’s net assets, except changes resulting from transactions with stockholders. Other comprehensive income or loss primarily includes foreign currency translation items and defined benefit pension items. Accumulated other comprehensive income (loss) is reported as a component of the Company's stockholders' equity.
Recent Accounting Pronouncements	Recent Accounting Pronouncements 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. The Company adopted this ASU effective November 1, 2020 and the adoption did not have a material impact on its consolidated financial statements. FASB ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity This amendment simplifies accounting for convertible instruments by removing major separation models currently required under GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument and more convertible preferred stock as a single equity instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted earnings per share (EPS) calculation in certain areas.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Apr. 30, 2021
Accounting Policies [Abstract]
Schedule of Comprehensive Income (Loss) by Component	The following tables summarizes the changes in other comprehensive income (loss) by component (in thousands): Three Months Ended April 30, 2021 2020 Pre-tax Amount Tax Expense Net Amount Pre-tax Amount Tax Expense Net Amount Foreign currency translation adjustments $ 577 $ — $ 577 $ (619) $ — $ (619) Minimum pension liability adjustments: Other comprehensive gain before reclassifications 184 (50) 134 110 (50) 60 Available-for-sale securities: Amounts reclassified to earnings included in "Selling, general and administrative" — — — 140 — 140 Other comprehensive income (loss) $ 761 $ (50) $ 711 $ (369) $ (50) $ (419) 2. Summary of Significant Accounting Policies (continued) Six Months Ended April 30, 2021 2020 Pre-tax Amount Tax Expense Net Amount Pre-tax Amount Tax Expense Net Amount Foreign currency translation adjustments $ 1,372 $ — $ 1,372 $ (1,886) $ — $ (1,886) Minimum pension liability adjustments: Other comprehensive gain before reclassifications 368 (100) 268 295 (100) 195 Available-for-sale securities: Amounts reclassified to earnings included in "Selling, general and administrative" — — — 140 — 140 Other comprehensive income (loss) $ 1,740 $ (100) $ 1,640 $ (1,451) $ (100) $ (1,551)
Schedule of Accumulated Other Comprehensive Income (Loss) by Component	The following table summarizes the changes in accumulated other comprehensive (loss) income by component (in thousands): Foreign Currency Translation (Loss) Income Defined Benefit Pension Plan Available-for-Sale Securities Accumulated Other Comprehensive (Loss) Income Balance as of October 31, 2020 $ (3,069) $ (4,479) $ — $ (7,548) Other comprehensive income 1,372 268 — 1,640 Balance as of April 30, 2021 $ (1,697) $ (4,211) $ — $ (5,908) Foreign Currency Translation Loss Defined Benefit Pension Plan Available-for-Sale Securities Accumulated Other Comprehensive Loss Balance as of October 31, 2019 $ (2,362) $ (4,753) $ (140) $ (7,255) Other comprehensive (loss) income (1,886) 195 140 (1,551) Balance as of April 30, 2020 $ (4,248) $ (4,558) $ — $ (8,806)

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	6 Months Ended
	Apr. 30, 2021
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, 2021 October 31, 2020 Prepaid supplies and insurance $ 2,769 $ 2,080 Note receivable and related interest 2,464 2,490 Real estate development held for sale 2,543 2,543 Sales tax receivable 1,549 1,867 Lemon supplier advances and other 2,510 1,708 $ 11,835 $ 10,688

Real Estate Development (Tables

Real Estate Development (Tables)	6 Months Ended
	Apr. 30, 2021
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, 2021 October 31, 2020 Retained Property - East Area I $ 12,903 $ 13,169 East Area II 9,038 8,467 $ 21,941 $ 21,636

Equity in Investments (Tables)

Equity in Investments (Tables)	6 Months Ended
	Apr. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity in Investments	Equity in investments consist of the following (in thousands): April 30, 2021 October 31, 2020 Limoneira Lewis Community Builders, LLC $ 58,475 $ 57,142 Limco Del Mar, Ltd. 1,936 1,920 Rosales 1,303 1,641 Romney Property Partnership 509 511 $ 62,223 $ 61,214 The following is unaudited summarized financial information for LLCB (in thousands): Six Months Ended 2021 2020 Revenues $ 19,827 $ 4,768 Cost of land sold 15,336 3,975 Operating expenses 467 649 Net income $ 4,024 $ 144 Net income attributable to Limoneira Company $ 2,005 $ 132

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Apr. 30, 2021
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 Carrying Amount Balance at October 31, 2020 $ 1,535 Foreign currency translation adjustment 15 Balance at April 30, 2021 $ 1,550
Indefinite-Lived Intangible Assets	Intangible assets consisted of the following as of April 30, 2021 and October 31, 2020 (in thousands): April 30, 2021 October 31, 2020 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 $ 3,771 $ (1,156) $ 2,615 10 $ 3,771 $ (947) $ 2,824 10 Customer relationships 5,010 (1,254) 3,756 9 5,010 (989) 4,021 9 Non-competition agreement 1,040 (199) 841 10 1,040 (147) 893 10 Acquired water and mineral rights 3,948 — 3,948 Indefinite 3,571 — 3,571 Indefinite $ 13,769 $ (2,609) $ 11,160 $ 13,392 $ (2,083) $ 11,309
Finite-Lived Intangible Assets	Intangible assets consisted of the following as of April 30, 2021 and October 31, 2020 (in thousands): April 30, 2021 October 31, 2020 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 $ 3,771 $ (1,156) $ 2,615 10 $ 3,771 $ (947) $ 2,824 10 Customer relationships 5,010 (1,254) 3,756 9 5,010 (989) 4,021 9 Non-competition agreement 1,040 (199) 841 10 1,040 (147) 893 10 Acquired water and mineral rights 3,948 — 3,948 Indefinite 3,571 — 3,571 Indefinite $ 13,769 $ (2,609) $ 11,160 $ 13,392 $ (2,083) $ 11,309
Estimated Future Amortization Expense of Intangible Assets	Estimated future amortization expense of intangible assets as of April 30, 2021 are as follows (in thousands): 2021 (excluding the six months ended April 30, 2021) $ 514 2022 989 2023 989 2024 981 2025 976 Thereafter 2,763 $ 7,212

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Apr. 30, 2021
Accounts Payable and Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following (in thousands): April 30, 2021 October 31, 2020 Compensation $ 2,688 $ 2,275 Property taxes — 683 Lemon and orange supplier payables — 1,346 Operating expenses 1,359 938 Leases 339 959 Other 1,544 1,746 $ 5,930 $ 7,947

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Apr. 30, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt is comprised of the following (in thousands): April 30, 2021 October 31, 2020 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 0.11% at April 30, 2021, 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. $ 109,484 $ 102,251 Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 2.48%. The loan is payable in quarterly installments through November 2022. 1,125 1,438 Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 3.24%. The loan is payable in monthly installments through October 2035. 1,002 1,029 Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 3.24%. The loan is payable in monthly installments through March 2036. 8,220 8,433 Farm Credit West term loan: Effective July 1, 2020 the interest rate was fixed at 2.77% until July 1, 2025, becoming variable for the remainder of the loan. The loan is payable in monthly installments through March 2036. 6,057 6,220 Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023. 2,739 3,491 Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 1,067 1,205 Note Payable: the interest rate ranges from 5.00% to 7.00% and was 6.50% at April 30, 2021. The loan includes interest only monthly payments and principal is due in February 2023. 1,435 1,435 Banco de Chile COVID-19 loans: The interest rates are fixed at 3.48% and 2.90%. The loans are payable in monthly installments beginning February 2021 through September 2024. 551 522 Subtotal 131,680 126,024 Less deferred financing costs, net of accumulated amortization 154 176 Total long-term debt, net 131,526 125,848 Less current portion 3,336 3,277 Long-term debt, less current portion $ 128,190 $ 122,571

Leases (Tables)

Leases (Tables)	6 Months Ended
	Apr. 30, 2021
Leases [Abstract]
Composition of Rental Operations Revenue	The Company’s rental operations revenue consists of the following (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Operating lease revenue $ 1,070 $ 1,061 $ 2,129 $ 2,157 Variable lease revenue 73 71 152 148 Total lease revenue $ 1,143 $ 1,132 $ 2,281 $ 2,305
Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases consists of the following (in thousands): Classification April 30, 2021 October 31, 2020 Assets Operating lease ROU assets Other assets $ 2,087 $ 2,053 Liabilities and Stockholders' Equity Current operating lease liabilities Accrued liabilities and payables to related parties 473 521 Non-current operating lease liabilities Other long-term liabilities 1,661 1,610 Total operating lease liabilities $ 2,134 $ 2,131
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 2021 2020 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 121 $ 122 $ 310 $ 306 ROU assets obtained in exchange for new operating lease liabilities $ — $ — $ 271 $ —

Basic and Diluted Net Income _2

Basic and Diluted Net Income (Loss) per Share (Tables)	6 Months Ended
	Apr. 30, 2021
Earnings Per Share [Abstract]
Schedule of Net Income (Loss) per Share	The computations for basic and diluted net income (loss) per common share are as follows (in thousands, except per share amounts): Three Months Ended Six Months Ended 2021 2020 2021 2020 Basic net income (loss) per common share: Net income (loss) applicable to common stock $ 1,807 $ (5,009) $ (2,526) $ (11,561) Effect of unvested, restricted stock (17) (17) (35) (34) Numerator: Net income (loss) for basic EPS 1,790 (5,026) (2,561) (11,595) Denominator: Weighted average common shares-basic 17,461 17,634 17,429 17,602 Basic net income (loss) per common share $ 0.10 $ (0.29) $ (0.15) $ (0.66) Diluted net income (loss) per common share: Numerator: Net income (loss) for diluted EPS $ 1,790 $ (5,026) $ (2,561) $ (11,595) Weighted average common shares–basic 17,461 17,634 17,429 17,602 Effect of dilutive unvested, restricted stock and preferred stock — — — — Denominator: Weighted average common shares–diluted 17,461 17,634 17,429 17,602 Diluted net income (loss) per common share $ 0.10 $ (0.29) $ (0.15) $ (0.66)

Related-Party Transactions (Tab

Related-Party Transactions (Tables)	6 Months Ended
	Apr. 30, 2021
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, 2021 October 31, 2020 Balance Sheet Balance Sheet Ref Related Party Receivable/Other from Related Parties Other Assets Payables to Related Parties Other Long-Term Liabilities Receivable/Other from Related Parties Other Assets Payables to Related Parties Other Long-Term Liabilities 2 Mutual water companies $ — $ 461 $ 536 $ — $ — $ 64 $ 64 $ — 3 Cooperative association $ — $ — $ 49 $ — $ — $ — $ 123 $ — 4 Calavo $ 1,635 $ — $ — $ — $ — $ — $ — $ — 5 Cadiz / Fenner / WAM $ — $ 1,405 $ 247 $ 1,316 $ — $ 1,443 $ 182 $ 1,353 6 Colorado River Growers $ — $ — $ — $ — $ 81 $ — $ — $ — 8 FGF $ 3,121 $ — $ 1,111 $ — $ 2,213 $ — $ 604 $ — 9 LLCB $ — $ — $ 5,450 $ — $ — $ — $ 5,300 $ — 10 Freska $ 86 $ — $ — $ — $ — $ — $ — $ — 11 Third party growers $ — $ — $ 94 $ — $ — $ — $ — $ — Three Months Ended April 30, 2021 Three Months Ended April 30, 2020 Consolidated Statement of Operations Consolidated Statement of Operations Ref Related Party Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Dividends Paid Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Other Income, Net Dividends Paid 1 Employees $ — $ 206 $ — $ — $ — $ 193 $ — $ — $ — 2 Mutual water companies $ — $ — $ 163 $ — $ — $ — $ 117 $ — $ — 3 Cooperative association $ — $ — $ 369 $ — $ — $ — $ 447 $ — $ — 4 Calavo $ 2,553 $ 78 $ 279 $ 126 $ 1,539 $ 84 $ 59 $ — $ 126 5 Cadiz / Fenner / WAM $ — $ — $ 85 $ — $ — $ — $ 70 $ — $ — 6 Colorado River Growers $ — $ — $ — $ — $ 1 $ — $ 337 $ — $ — 7 YMIDD $ — $ — $ 53 $ — $ — $ — $ 53 $ — $ — 8 FGF $ 884 $ — $ 970 $ — $ 2,280 $ — $ 2,270 $ — $ — 10 Freska $ 96 $ — $ 142 $ — $ — $ — $ — $ — $ — 11 Third party growers $ — $ — $ 116 $ — $ — $ — $ — $ — $ — 13. Related-Party Transactions (continued) Six Months Ended April 30, 2021 Six Months Ended April 30, 2020 Consolidated Statement of Operations Consolidated Statement of Operations Ref Related Party Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Dividends Paid Net Revenue Agribusiness Net Revenue Rental Operations Agribusiness Expense and Other Other Income, Net Dividends Paid 1 Employees $ — $ 404 $ — $ — $ — $ 390 $ — $ — $ — 2 Mutual water companies $ — $ — $ 605 $ — $ — $ — $ 464 $ — $ — 3 Cooperative association $ — $ — $ 526 $ — $ — $ — $ 893 $ — $ — 4 Calavo $ 2,553 $ 157 $ 280 $ 252 $ 1,572 $ 165 $ 178 $ 220 $ 252 5 Cadiz / Fenner / WAM $ — $ — $ 235 $ — $ — $ — $ 171 $ — $ — 6 Colorado River Growers $ 157 $ — $ 2,772 $ — $ 522 $ — $ 5,337 $ — $ — 7 YMIDD $ — $ — $ 62 $ — $ — $ — $ 86 $ — $ — 8 FGF $ 2,555 $ — $ 1,228 $ — $ 2,479 $ — $ 2,433 $ — $ — 10 Freska $ 96 $ — $ 142 $ — $ — $ — $ — $ — $ — 11 Third party growers $ — $ — $ 116 $ — $ — $ — $ — $ — $ — (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, 2021 or October 31, 2020. (2) Mutual water companies - The Company has representation on the boards of directors of the mutual water companies in which the Company has investments, refer to Note 8 - Other Assets. 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. 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 immaterial amounts due to Calavo for those services. (5) 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. (6) 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. (7) 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. (8) FGF Trapani ("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 receivable from FGF for lemon sales and a payable due to FGF for fruit purchases and services. 13. Related-Party Transactions (continued) (9) LLCB - Refer to Note 5 - Real Estate Development. (10) Freska - A member of the Company's board of directors is a majority shareholder of Freska Produce International, LLC ("Freska"). The Company had avocado sales to Freska and a corresponding receivable for such sales. (11) Third party growers - A member of the Company's board of directors markets lemons through the Company and the Company had payments due to the member for such lemon procurement.

Retirement Plans (Tables)

Retirement Plans (Tables)	6 Months Ended
	Apr. 30, 2021
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, 2021 and 2020 were as follows (in thousands): Three Months Ended Six Months Ended 2021 2020 2021 2020 Administrative expenses $ 69 $ 69 $ 138 $ 139 Interest cost 138 161 275 321 Expected return on plan assets (236) (247) (472) (495) Prior service cost 11 11 22 22 Recognized actuarial loss 184 185 368 370 Net periodic benefit cost $ 166 $ 179 $ 331 $ 357

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Apr. 30, 2021
Segment Reporting [Abstract]
Schedule of Segment Information by Segment	Segment information for the three months ended April 30, 2021 (in thousands): Fresh Lemon Eliminations Other Total Corporate Total Revenues from external customers $ 32,600 $ 6,103 $ — $ 2,707 $ 2,579 $ 43,989 $ 1,143 $ 45,132 Intersegment revenue — 9,282 (9,282) — — — — — Total net revenues 32,600 15,385 (9,282) 2,707 2,579 43,989 1,143 45,132 Costs and expenses 28,629 10,874 (9,282) 1,433 2,503 34,157 6,039 40,196 Depreciation and amortization — — — — — 2,285 267 2,552 Operating income (loss) $ 3,971 $ 4,511 $ — $ 1,274 $ 76 $ 7,547 $ (5,163) $ 2,384 Segment information for the three months ended April 30, 2020 (in thousands): Fresh Lemon Eliminations Other Total Corporate 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) Segment information for the six months ended April 30, 2021 (in thousands): Fresh Lemon Eliminations Other Total Corporate Total Revenues from external customers $ 61,900 $ 11,000 $ — $ 2,707 $ 5,519 $ 81,126 $ 2,281 $ 83,407 Intersegment revenue — 15,967 (15,967) — — — — — Total net revenues 61,900 26,967 (15,967) 2,707 5,519 81,126 2,281 83,407 Costs and expenses 58,136 20,405 (15,967) 1,433 4,876 68,883 12,727 81,610 Depreciation and amortization — — — — — 4,497 556 5,053 Operating income (loss) $ 3,764 $ 6,562 $ — $ 1,274 $ 643 $ 7,746 $ (11,002) $ (3,256) 18. Segment Information (continued) Segment information for the six months ended April 30, 2020 (in thousands): Fresh Lemon Eliminations Other Total Corporate 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 (loss) income $ (540) $ 4,599 $ — $ 156 $ 659 $ 430 $ (11,729) $ (11,299)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Foreign Currency Translation (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax Amount	$ 577	$ (619)	$ 1,372	$ (1,886)
Tax Expense	0	0	0	0
Net Amount	577	(619)	1,372	(1,886)
Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax Amount	184	110	368	295
Tax Expense	(50)	(50)	(100)	(100)
Net Amount	134	60	268	195
Amounts reclassified to earnings included in "Selling, general and administrative"
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax Amount	0	140	0	140
Tax Expense	0	0	0	0
Net Amount	0	140	0	140
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax Amount	761	(369)	1,740	(1,451)
Tax Expense	(50)	(50)	(100)	(100)
Net Amount	$ 711	$ (419)	$ 1,640	$ (1,551)

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Accumulated Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 191,729	$ 212,817	$ 195,760	$ 221,688
Ending balance	193,087	205,840	193,087	205,840
Foreign Currency Translation (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			(3,069)	(2,362)
Other comprehensive income	577	(619)	1,372	(1,886)
Ending balance	(1,697)	(4,248)	(1,697)	(4,248)
Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			(4,479)	(4,753)
Other comprehensive income	134	60	268	195
Ending balance	(4,211)	(4,558)	(4,211)	(4,558)
Available-for-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			0	(140)
Other comprehensive income	0	140	0	140
Ending balance	0	0	0	0
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(6,619)	(8,387)	(7,548)	(7,255)
Other comprehensive income	711	(419)	1,640	(1,551)
Ending balance	$ (5,908)	$ (8,806)	$ (5,908)	$ (8,806)

Concentrations and Geographic_2

Concentrations and Geographic Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Concentration Risk [Line Items]
Revenues	$ 43,989	$ 38,439	$ 81,126	$ 78,922
Aggregate foreign exchange transaction losses			$ 551
Customer Concentration Risk | Revenue Benchmark | One Customer
Concentration Risk [Line Items]
Concentration risk percentage			11.00%
Customer Concentration Risk | Accounts Receivable | One Customer
Concentration Risk [Line Items]
Concentration risk percentage			10.00%
Lemon | Supplier Concentration Risk
Concentration Risk [Line Items]
Concentration risk percentage	50.00%	60.00%	49.00%	58.00%
Lemon | Supplier Concentration Risk | One Third-Party Grower
Concentration Risk [Line Items]
Concentration risk percentage			19.00%
Chile | San Pablo and PDA
Concentration Risk [Line Items]
Revenues	$ 950	$ 921	$ 1,977	$ 1,460
Argentina | Trapani Fresh
Concentration Risk [Line Items]
Revenues	$ 884	$ 2,280	$ 2,555	$ 2,479

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, 2021	Oct. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid supplies and insurance	$ 2,769	$ 2,080
Note receivable and related interest	2,464	2,490
Real estate development held for sale	2,543	2,543
Sales tax receivable	1,549	1,867
Lemon supplier advances and other	2,510	1,708
Prepaid expenses and other current assets	$ 11,835	$ 10,688

Real Estate Development - Sched

Real Estate Development - Schedule of Real Estate Development (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Oct. 31, 2020
Real Estate Properties [Line Items]
Real estate development assets	$ 21,941	$ 21,636
Retained Property - East Area I
Real Estate Properties [Line Items]
Real estate development assets	12,903	13,169
East Area II
Real Estate Properties [Line Items]
Real estate development assets	$ 9,038	$ 8,467

Real Estate Development - Narra

Real Estate Development - Narrative (Details)	1 Months Ended				3 Months Ended	6 Months Ended
	May 31, 2021USD ($)	Nov. 30, 2020USD ($)	Jan. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Jan. 31, 2021USD ($)	Apr. 30, 2021USD ($)residentialUnit	Apr. 30, 2020USD ($)	Oct. 31, 2020USD ($)	Jan. 31, 2020USD ($)	Nov. 10, 2015USD ($)	Oct. 31, 2005aproperty
Real Estate Properties [Line Items]
Loan balance						$ 131,526,000		$ 125,848,000
Real estate, gross						2,543,000		2,543,000
Collection on note receivable						25,000	$ 0
Sevilla
Real Estate Properties [Line Items]
Real estate, gross						2,543,000
Sevilla | Disposal Group, Not Discontinued Operations
Real Estate Properties [Line Items]
Sales price									$ 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
Limoneira Lewis Community Builders, LLC Agreement
Real Estate Properties [Line Items]
Proceeds from sale of real estate held-for-investment						0	$ 2,800,000
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
Collection on note receivable		$ 25,000
Carrying value of note						$ 2,625,000
Centennial Property | Subsequent Event
Real Estate Properties [Line Items]
Collection on note receivable	$ 25,000
LLCB
Real Estate Properties [Line Items]
Residential units | residentialUnit						464
LLCB | Affiliated Entity
Real Estate Properties [Line Items]
Payables to related parties						$ 5,450,000		$ 5,300,000
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%
Unsecured Line of Credit Loan Agreement and Promissory Note
Real Estate Properties [Line Items]
Estimated value of the guarantee obligation						$ 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						$ 11,411,000
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, 2021	Oct. 31, 2020
Schedule of Equity Method Investments [Line Items]
Equity in investments	$ 62,223	$ 61,214
Limoneira Lewis Community Builders, LLC
Schedule of Equity Method Investments [Line Items]
Equity in investments	58,475	57,142
Limco Del Mar, Ltd.
Schedule of Equity Method Investments [Line Items]
Equity in investments	1,936	1,920
Rosales
Schedule of Equity Method Investments [Line Items]
Equity in investments	1,303	1,641
Romney Property Partnership
Schedule of Equity Method Investments [Line Items]
Equity in investments	$ 509	$ 511

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, 2021	Jan. 31, 2021	Apr. 30, 2020	Jan. 31, 2020	Apr. 30, 2021	Apr. 30, 2020
Schedule of Equity Method Investments [Line Items]
Revenues	$ 45,132		$ 39,571		$ 83,407	$ 81,227
Cost of land sold	36,442		35,949		73,380	78,492
Net income (loss)	1,513	$ (3,916)	(5,306)	$ (6,904)	(2,403)	(12,210)
Net income attributable to Limoneira Company	$ 1,933		$ (4,883)		(2,275)	(11,310)
Limoneira Lewis Community Builders
Schedule of Equity Method Investments [Line Items]
Revenues					19,827	4,768
Cost of land sold					15,336	3,975
Operating expenses					467	649
Net income (loss)					4,024	144
Net income attributable to Limoneira Company					$ 2,005	$ 132

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Change in Carrying Amount of Goodwill (Details) $ in Thousands	6 Months Ended
	Apr. 30, 2021USD ($)
Goodwill [Roll Forward]
Beginning Balance	$ 1,535
Foreign currency translation adjustment	15
Ending Balance	$ 1,550

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Acquired Indefinite-lived Intangible Assets [Line Items]
Goodwill impairment loss	$ 0		$ 0
Amortization expense	$ 263,000	$ 205,000	526,000	$ 490,000
Acquired water and mineral rights
Acquired Indefinite-lived Intangible Assets [Line Items]
Acquired water rights			$ 186,000

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Apr. 30, 2021	Oct. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (2,609)	$ (2,083)
Net Carrying Amount	7,212
Gross Carrying Amount	13,769	13,392
Net Carrying Amount	11,160	11,309
Trade names and trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,771	3,771
Accumulated Amortization	(1,156)	(947)
Net Carrying Amount	$ 2,615	$ 2,824
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	(1,254)	(989)
Net Carrying Amount	$ 3,756	$ 4,021
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	(199)	(147)
Net Carrying Amount	$ 841	$ 893
Weighted Average Useful Life in Years	10 years	10 years
Acquired water and mineral rights
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	$ 3,948	$ 3,571

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Estimated Future Amortization Expense of Intangible Assets (Details) $ in Thousands	Apr. 30, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2021 (excluding the six months ended April 30, 2021)	$ 514
2022	989
2023	989
2024	981
2025	976
Thereafter	2,763
Net Carrying Amount	$ 7,212

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Oct. 31, 2020
Other Assets [Abstract]
Investments in mutual water companies	$ 6,024	$ 5,563

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Oct. 31, 2020
Accounts Payable and Accrued Liabilities, Current [Abstract]
Compensation	$ 2,688	$ 2,275
Property taxes	0	683
Lemon and orange supplier payables	0	1,346
Operating expenses	1,359	938
Leases	339	959
Other	1,544	1,746
Accrued liabilities	$ 5,930	$ 7,947

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($)	6 Months Ended
	Apr. 30, 2021	Oct. 31, 2020
Debt Instrument [Line Items]
Long-term debt, gross	$ 131,680,000	$ 126,024,000
Less deferred financing costs, net of accumulated amortization	154,000	176,000
Total long-term debt, net	131,526,000	125,848,000
Less current portion	3,336,000	3,277,000
Long-term debt, less current portion	128,190,000	122,571,000
Notes Payable
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,435,000	1,435,000
Variable interest rate	6.50%
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	$ 109,484,000	102,251,000
Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Credit Facility | LIBOR
Debt Instrument [Line Items]
Base rate	0.11%
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	$ 1,125,000	1,438,000
Fixed interest rate	2.48%
Farm Credit West Term Loan due October 2035
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,002,000	1,029,000
Fixed interest rate	3.24%
Farm Credit West Term Loan due March 2036
Debt Instrument [Line Items]
Long-term debt, gross	$ 8,220,000	8,433,000
Fixed interest rate	3.24%
Farm Credit West Term Loan due March 2036
Debt Instrument [Line Items]
Long-term debt, gross	$ 6,057,000	6,220,000
Fixed interest rate	2.77%
Wells Fargo Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 2,739,000	3,491,000
Fixed interest rate	3.58%
Banco de Chile Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,067,000	1,205,000
Fixed interest rate	6.48%
Banco De Chile COVID-19 Loans
Debt Instrument [Line Items]
Long-term debt, gross	$ 551,000	$ 522,000
Fixed interest rate	3.48%	2.90%

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details)	1 Months Ended		3 Months Ended		6 Months Ended
	Feb. 28, 2021USD ($)	Mar. 31, 2020USD ($)	Apr. 30, 2021USD ($)	Apr. 30, 2020USD ($)	Apr. 30, 2021USD ($)	Apr. 30, 2020USD ($)	Dec. 31, 2020	Oct. 31, 2020	Aug. 31, 2020
Debt Instrument [Line Items]
Interest costs capitalized			$ 308,000	$ 355,000	$ 308,000	$ 444,000
Farm Credit West
Debt Instrument [Line Items]
Annual patronage dividend rate							1.50%
Dividends received	$ 1,170,000
Farm Credit West Revolving and Non-Revolving Lines of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity			130,000,000		130,000,000
Available to borrow			20,516,000		20,516,000
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		15,000,000
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
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
Fixed interest rate			4.77%		4.77%
Farm Credit West Loan Agreement Secured by Windfall Investors, LLC Property
Debt Instrument [Line Items]
Minimum debt service coverage ratio								1.25	1.25
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)	Apr. 30, 2021
Minimum
Lessor, Lease, Description [Line Items]
Remaining terms of operating leases	1 month
Maximum
Lessor, Lease, Description [Line Items]
Remaining terms of operating leases	22 years

Leases - Composition of Rental

Leases - Composition of Rental Operations Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Leases [Abstract]
Operating lease revenue	$ 1,070	$ 1,061	$ 2,129	$ 2,157
Variable lease revenue	73	71	152	148
Total lease revenue	$ 1,143	$ 1,132	$ 2,281	$ 2,305

Leases - Lessee Arrangements, N

Leases - Lessee Arrangements, Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 136	$ 137	$ 278	$ 274
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	17 years		17 years

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Apr. 30, 2021	Oct. 31, 2020
Assets
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssetsNoncurrent	us-gaap:OtherAssetsNoncurrent
Operating lease ROU assets	$ 2,087	$ 2,053
Liabilities and Stockholders' Equity
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:AccruedLiabilitiesCurrent	us-gaap:AccruedLiabilitiesCurrent
Current operating lease liabilities	$ 473	$ 521
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesNoncurrent	us-gaap:OtherLiabilitiesNoncurrent
Non-current operating lease liabilities	$ 1,661	$ 1,610
Total operating lease liabilities	$ 2,134	$ 2,131

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 121	$ 122	$ 310	$ 306
ROU assets obtained in exchange for new operating lease liabilities	$ 0	$ 0	$ 271	$ 0

Basic and Diluted Net Income _3

Basic and Diluted Net Income (Loss) per Share - Schedule of Net (Loss) Income per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Basic net income (loss) per common share:
Net income (loss) applicable to common stock	$ 1,807	$ (5,009)	$ (2,526)	$ (11,561)
Effect of unvested, restricted stock	(17)	(17)	(35)	(34)
Numerator: Net income (loss) for basic EPS	$ 1,790	$ (5,026)	$ (2,561)	$ (11,595)
Denominator: Weighted average common shares–basic (in shares)	17,461,000	17,634,000	17,429,000	17,602,000
Basic net income (loss) per common share (in dollars per share)	$ 0.10	$ (0.29)	$ (0.15)	$ (0.66)
Diluted net income (loss) per common share:
Numerator: Net income (loss) for diluted EPS	$ 1,790	$ (5,026)	$ (2,561)	$ (11,595)
Denominator: Weighted average common shares–basic (in shares)	17,461,000	17,634,000	17,429,000	17,602,000
Effect of dilutive unvested, restricted stock and preferred stock (in shares)	0	0	0	0
Denominator: Weighted average common shares–diluted (in shares)	17,461,000	17,634,000	17,429,000	17,602,000
Diluted net income (loss) per common share (in dollars per share)	$ 0.10	$ (0.29)	$ (0.15)	$ (0.66)

Basic and Diluted Net Income _4

Basic and Diluted Net Income (Loss) per Share - Narrative (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Restricted Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	178	220	185	196

Related-Party Transactions (Det

Related-Party Transactions (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Apr. 30, 2021USD ($)shares	Apr. 30, 2020USD ($)	Apr. 30, 2021USD ($)shares	Apr. 30, 2020USD ($)	Oct. 31, 2013USD ($)a	Oct. 31, 2020USD ($)
Affiliate of WAM | Limoneira Company Series B-2 Convertible Preferred Stock
Consolidated Statement of Operations
Shares of Series B-2 convertible preferred stock held (in shares) | shares	9,300		9,300
Employees | Affiliated Entity
Consolidated Statement of Operations
Net Revenue Rental Operations	$ 206,000	$ 193,000	$ 404,000	$ 390,000
Other Income, Net		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	461,000		461,000			64,000
Payables to related parties	536,000		536,000			64,000
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Other Income, Net		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	163,000	117,000	605,000	464,000
Cooperative association | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	0		0			0
Payables to related parties	49,000		49,000			123,000
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Other Income, Net		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	369,000	447,000	526,000	893,000
Calavo | Beneficial Owner
Balance Sheet
Receivable/Other from Related Parties	1,635,000		1,635,000			0
Other Assets	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	78,000	84,000	157,000	165,000
Other Income, Net		0		220,000
Dividends Paid	126,000	126,000	252,000	252,000
Calavo | Beneficial Owner | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	2,553,000	1,539,000	2,553,000	1,572,000
Agribusiness Expense and Other	279,000	59,000	280,000	178,000
Cadiz / Fenner / WAM | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	1,405,000		1,405,000			1,443,000
Payables to related parties	247,000		247,000			182,000
Other Long-Term Liabilities	1,316,000		1,316,000			1,353,000
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Other Income, Net		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	85,000	70,000	235,000	171,000
Colorado River Growers | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			81,000
Other Assets	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
Dividends Paid	0	0	0	0
Colorado River Growers | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	1,000	157,000	522,000
Agribusiness Expense and Other	0	337,000	2,772,000	5,337,000
YMIDD | Affiliated Entity
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Other Income, Net		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	62,000	86,000
FGF | Co-venturer
Balance Sheet
Receivable/Other from Related Parties	3,121,000		3,121,000			2,213,000
Other Assets	0		0			0
Payables to related parties	1,111,000		1,111,000			604,000
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Other Income, Net		0		0
Dividends Paid	0	0	0	0
FGF | Co-venturer | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	884,000	2,280,000	2,555,000	2,479,000
Agribusiness Expense and Other	970,000	2,270,000	1,228,000	2,433,000
LLCB | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	0		0			0
Payables to related parties	5,450,000		5,450,000			5,300,000
Other Long-Term Liabilities	0		0			0
Freska | Beneficial Owner
Balance Sheet
Receivable/Other from Related Parties	86,000		86,000			0
Other Assets	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
Dividends Paid	0	0	0	0
Freska | Beneficial Owner | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	96,000	0	96,000	0
Agribusiness Expense and Other	142,000	0	142,000	0
Third party growers | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	0		0			0
Payables to related parties	94,000		94,000			0
Other Long-Term Liabilities	0		0			$ 0
Consolidated Statement of Operations
Net Revenue Agribusiness				0
Net Revenue Rental Operations	0	0	0
Agribusiness Expense and Other				0
Other Income, Net		0	0	0
Dividends Paid	0	0
Third party growers | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0	0
Net Revenue Rental Operations				$ 0
Agribusiness Expense and Other	$ 116,000	$ 0	116,000
Dividends Paid			$ 0

Retirement Plans - Narrative (D

Retirement Plans - Narrative (Details) - USD ($)	6 Months Ended
	Apr. 30, 2021	Apr. 30, 2020
Retirement Benefits [Abstract]
Average earnings period	5 years
Funding contributions	$ 0	$ 0

Retirement Plans - Net Benefit

Retirement Plans - Net Benefit Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Retirement Benefits [Abstract]
Administrative expenses	$ 69	$ 69	$ 138	$ 139
Interest cost	138	161	275	321
Expected return on plan assets	(236)	(247)	(472)	(495)
Prior service cost	11	11	22	22
Recognized actuarial loss	184	185	368	370
Net periodic benefit cost	$ 166	$ 179	$ 331	$ 357

Stock-based Compensation and _2

Stock-based Compensation and Treasury Stock (Details) - USD ($)	1 Months Ended			3 Months Ended		6 Months Ended		12 Months Ended
	Jan. 31, 2021	Dec. 31, 2020	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020	Apr. 30, 2021	Apr. 30, 2020	Oct. 31, 2020	Mar. 12, 2020
Class of Stock [Line Items]
Authorized amount under share repurchase program									$ 10,000,000
Shares repurchased (in shares)								250,977
Value of shares repurchased								$ 3,493,000
Management
Class of Stock [Line Items]
Shares exchanged (in shares)				46,993	11,314
Fair value of common stock for the payment of payroll taxes associated with the vesting of shares under stock-based compensation programs				$ 701,000	$ 213,000
Stock-Based Compensation
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)		$ 15.26
Cost from stock compensation						$ 1,450,000
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)	27,815		17,841
Share-based compensation expense						$ 469,000	$ 358,000

Segment Information - Narrative

Segment Information - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2021USD ($)	Apr. 30, 2020USD ($)	Apr. 30, 2021USD ($)segment	Apr. 30, 2020USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			4
Revenues	$ 45,132	$ 39,571	$ 83,407	$ 81,227
Other Agribusiness
Segment Reporting Information [Line Items]
Revenues	2,579	3,819	5,519	7,983
Other Agribusiness | Oranges
Segment Reporting Information [Line Items]
Revenues	1,404	2,667	2,495	4,939
Other Agribusiness | Specialty Citrus and Other Crops
Segment Reporting Information [Line Items]
Revenues	$ 1,175	$ 1,152	$ 3,024	$ 3,044

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2021	Apr. 30, 2020	Apr. 30, 2021	Apr. 30, 2020
Segment Reporting Information [Line Items]
Revenues	$ 45,132	$ 39,571	$ 83,407	$ 81,227
Costs and expenses	40,196	39,971	81,610	87,528
Depreciation and amortization	2,552	2,433	5,053	4,998
Operating income (loss)	2,384	(2,833)	(3,256)	(11,299)
Eliminations
Segment Reporting Information [Line Items]
Revenues	(9,282)	(8,454)	(15,967)	(15,559)
Costs and expenses	(9,282)	(8,454)	(15,967)	(15,559)
Depreciation and amortization	0	0	0	0
Operating income (loss)	0	0	0	0
Corporate and Other
Segment Reporting Information [Line Items]
Revenues	1,143	1,132	2,281	2,305
Costs and expenses	6,039	6,182	12,727	13,480
Depreciation and amortization	267	273	556	554
Operating income (loss)	(5,163)	(5,323)	(11,002)	(11,729)
Total Agribusiness
Segment Reporting Information [Line Items]
Revenues	43,989	38,439	81,126	78,922
Costs and expenses	34,157	33,789	68,883	74,048
Depreciation and amortization	2,285	2,160	4,497	4,444
Operating income (loss)	7,547	2,490	7,746	430
Total Agribusiness | Operating Segments
Segment Reporting Information [Line Items]
Revenues	43,989	38,439	81,126	78,922
Fresh Lemons
Segment Reporting Information [Line Items]
Revenues	32,600	28,715	61,900	60,772
Costs and expenses	28,629	26,961	58,136	61,312
Depreciation and amortization	0	0	0	0
Operating income (loss)	3,971	1,754	3,764	(540)
Fresh Lemons | Eliminations
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Fresh Lemons | Operating Segments
Segment Reporting Information [Line Items]
Revenues	32,600	28,715	61,900	60,772
Lemon Packing
Segment Reporting Information [Line Items]
Revenues	6,103	3,883	11,000	7,977
Costs and expenses	10,874	10,328	20,405	18,937
Depreciation and amortization	0	0	0	0
Operating income (loss)	4,511	2,009	6,562	4,599
Lemon Packing | Eliminations
Segment Reporting Information [Line Items]
Revenues	(9,282)	(8,454)	(15,967)	(15,559)
Lemon Packing | Operating Segments
Segment Reporting Information [Line Items]
Revenues	15,385	12,337	26,967	23,536
Avocados
Segment Reporting Information [Line Items]
Revenues	2,707	2,022	2,707	2,190
Costs and expenses	1,433	1,561	1,433	2,034
Depreciation and amortization	0	0	0	0
Operating income (loss)	1,274	461	1,274	156
Avocados | Operating Segments
Segment Reporting Information [Line Items]
Revenues	2,707	2,022	2,707	2,190
Other Agribusiness
Segment Reporting Information [Line Items]
Revenues	2,579	3,819	5,519	7,983
Costs and expenses	2,503	3,393	4,876	7,324
Depreciation and amortization	0	0	0	0
Operating income (loss)	76	426	643	659
Other Agribusiness | Operating Segments
Segment Reporting Information [Line Items]
Revenues	$ 2,579	$ 3,819	$ 5,519	$ 7,983

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - Trapani Fresh $ in Millions	Jun. 08, 2021USD ($)ainstallment
Subsequent Event [Line Items]
Total consideration to be received | $	$ 3.8
Santa Clara ranch
Subsequent Event [Line Items]
Operational ranch acreage | a	1,200
Disposed of by Sale
Subsequent Event [Line Items]
Ownership interest	49.00%
Payment term	8 years
Number of installments | installment	16