Limoneira (LMNR) 10-Q 8 Sep 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Jul. 31, 2022	Aug. 31, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2022
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 Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		17,721,551
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001342423
Current Fiscal Year End Date	--10-31

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021
Current assets:
Cash	$ 995	$ 439
Accounts receivable, net	18,457	17,483
Cultural costs	6,326	7,500
Prepaid expenses and other current assets	12,253	10,709
Receivables/other from related parties	4,392	5,958
Total current assets	42,423	42,089
Property, plant and equipment, net	241,069	242,420
Real estate development	23,231	22,828
Equity in investments	64,621	64,072
Goodwill	1,512	1,527
Intangible assets, net	7,582	8,329
Other assets	13,059	11,011
Total assets	393,497	392,276
Current liabilities:
Accounts payable	7,078	8,963
Growers and suppliers payable	12,018	10,371
Accrued liabilities	7,691	6,542
Payables to related parties	7,719	6,976
Current portion of long-term debt	3,554	2,472
Total current liabilities	38,060	35,324
Long-term liabilities:
Long-term debt, less current portion	129,004	130,353
Deferred income taxes	24,282	22,853
Other long-term liabilities	5,656	4,501
Total liabilities	197,002	193,031
Commitments and contingencies (See Note 16)	0	0
Stockholders' Equity:
Common Stock – $0.01 par value (39,000,000 shares authorized: 17,972,528 and 17,936,377 shares issued and 17,721,551 and 17,685,400 shares outstanding at July 31, 2022 and October 31, 2021, respectively)	180	179
Additional paid-in capital	164,871	163,965
Retained earnings	19,618	21,552
Accumulated other comprehensive loss	(7,295)	(5,733)
Treasury stock, at cost, 250,977 shares at July 31, 2022 and October 31, 2021	(3,493)	(3,493)
Noncontrolling interest	11,804	11,965
Total stockholders' equity	185,685	188,435
Total liabilities and stockholders' equity	393,497	392,276
Series B Convertible Preferred Stock
Long-term liabilities:
Convertible preferred stock	1,479	1,479
Series B-2 Preferred
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 July 31, 2022 and October 31, 2021)	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	9 Months Ended	12 Months Ended
	Jul. 31, 2022	Oct. 31, 2021
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)	17,972,528	17,936,377
Common stock, shares outstanding (in shares)	17,721,551	17,685,400
Treasury stock (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
Preferred stock coupon rate (percentage)	8.75%	8.75%
Series B-2 Preferred
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
Preferred stock coupon rate (percentage)	4%	4%
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		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Net revenues:
Agribusiness	$ 57,594	$ 47,954	$ 141,046	$ 129,080
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]	Agribusiness	Agribusiness	Agribusiness	Agribusiness
Other operations	$ 1,329	$ 1,171	$ 3,901	$ 3,452
Total net revenues	58,923	49,125	144,947	132,532
Costs and expenses:
Agribusiness	$ 41,463	$ 40,691	$ 120,306	$ 114,071
Cost, Product and Service [Extensible List]	Agribusiness	Agribusiness	Agribusiness	Agribusiness
Other operations	$ 1,127	$ 1,017	$ 3,294	$ 3,189
Loss on disposal of assets, net	242	0	503	0
Selling, general and administrative	5,031	4,043	16,756	15,154
Total costs and expenses	47,863	45,751	140,859	132,414
Operating income	11,060	3,374	4,088	118
Other (expense) income:
Interest income	6	211	54	279
Interest expense, net of patronage dividends	(772)	(574)	(1,253)	(1,062)
Equity in earnings of investments, net	331	1,462	681	2,471
Other income, net	13	32	106	83
Total other (expense) income	(422)	1,131	(412)	1,771
Income before income tax provision	10,638	4,505	3,676	1,889
Income tax provision	(3,313)	(1,335)	(1,385)	(1,122)
Net income	7,325	3,170	2,291	767
Net loss attributable to noncontrolling interest	52	535	129	663
Net income attributable to Limoneira Company	7,377	3,705	2,420	1,430
Preferred dividends	(125)	(125)	(376)	(376)
Net income applicable to common stock	$ 7,252	$ 3,580	$ 2,044	$ 1,054
Basic net income per common share (in dollars per share)	$ 0.41	$ 0.20	$ 0.11	$ 0.06
Diluted net income per common share (in dollars per share)	$ 0.40	$ 0.20	$ 0.11	$ 0.06
Weighted-average common shares outstanding-basic (in shares)	17,529,000	17,461,000	17,481,000	17,439,000
Weighted-average common shares outstanding-diluted (in shares)	18,334,000	18,243,000	17,481,000	17,439,000

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 7,325	$ 3,170	$ 2,291	$ 767
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(828)	(1,042)	(1,779)	330
Minimum pension liability adjustment, net of tax of $27, $50, $81 and $150 for the three and nine months ended July 31, 2022 and 2021, respectively.	72	135	217	403
Total other comprehensive (loss) income, net of tax	(756)	(907)	(1,562)	733
Comprehensive income	6,569	2,263	729	1,500
Comprehensive loss attributable to noncontrolling interest	80	558	161	630
Comprehensive income attributable to Limoneira Company	$ 6,649	$ 2,821	$ 890	$ 2,130

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Statement of Other Comprehensive Income [Abstract]
Minimum pension liability adjustment, tax	$ 27	$ 50	$ 81	$ 150

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY - USD ($) $ in Thousands	Total	Series B Preferred	Series B-2 Preferred	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Series B Preferred	Retained Earnings Series B-2 Preferred	Accumulated Other Comprehensive Loss	Treasury Stock	Noncontrolling Interest
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 income (loss), 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)	767
Ending balance (in shares) at Jul. 31, 2021				17,685,400
Ending balance at Jul. 31, 2021	192,985			$ 179	163,460	27,874			(6,815)	(3,493)	11,780
Beginning balance, temporary equity at Oct. 31, 2020		1,479	9,331
Ending balance, temporary equity at Jul. 31, 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 income (loss), 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
Stockholders' Equity
Dividends Common	(1,326)					(1,326)
Dividends Preferred		(32)	(93)				(32)	(93)
Stock compensation	440				440
Noncontrolling interest adjustment	(1,331)										(1,331)
Net income (loss)	3,170					3,705					(535)
Other comprehensive income (loss), net of tax	(930)								(907)		(23)
Ending balance (in shares) at Jul. 31, 2021				17,685,400
Ending balance at Jul. 31, 2021	192,985			$ 179	163,460	27,874			(6,815)	(3,493)	11,780
Ending balance, temporary equity at Jul. 31, 2021		1,479	9,331
Beginning balance (in shares) at Oct. 31, 2021				17,685,400
Beginning balance at Oct. 31, 2021	188,435			$ 179	163,965	21,552			(5,733)	(3,493)	11,965
Stockholders' Equity
Dividends Common	(1,328)					(1,328)
Dividends Preferred		(32)	(93)				(32)	(93)
Stock compensation (in shares)				70,000
Stock compensation	997			$ 1	996
Exchange of common stock (in shares)				(55,362)
Exchange of common stock	(900)				(900)
Net income (loss)	(6,606)					(6,518)					(88)
Other comprehensive income (loss), net of tax	129								127		2
Ending balance (in shares) at Jan. 31, 2022				17,700,038
Ending balance at Jan. 31, 2022	180,602			$ 180	164,061	13,581			(5,606)	(3,493)	11,879
Beginning balance, temporary equity at Oct. 31, 2021		1,479	9,331
Ending balance, temporary equity at Jan. 31, 2022		1,479	9,331
Beginning balance (in shares) at Oct. 31, 2021				17,685,400
Beginning balance at Oct. 31, 2021	188,435			$ 179	163,965	21,552			(5,733)	(3,493)	11,965
Stockholders' Equity
Net income (loss)	2,291
Ending balance (in shares) at Jul. 31, 2022				17,721,551
Ending balance at Jul. 31, 2022	185,685			$ 180	164,871	19,618			(7,295)	(3,493)	11,804
Beginning balance, temporary equity at Oct. 31, 2021		1,479	9,331
Ending balance, temporary equity at Jul. 31, 2022		1,479	9,331
Beginning balance (in shares) at Jan. 31, 2022				17,700,038
Beginning balance at Jan. 31, 2022	180,602			$ 180	164,061	13,581			(5,606)	(3,493)	11,879
Stockholders' Equity
Dividends Common	(1,325)					(1,325)
Dividends Preferred		(33)	(93)				(33)	(93)
Stock compensation (in shares)				34,231
Stock compensation	378				378
Exchange of common stock (in shares)				(12,718)
Exchange of common stock	(186)				(186)
Net income (loss)	1,572					1,561					11
Other comprehensive income (loss), net of tax	(939)								(933)		(6)
Ending balance (in shares) at Apr. 30, 2022				17,721,551
Ending balance at Apr. 30, 2022	179,976			$ 180	164,253	13,691			(6,539)	(3,493)	11,884
Beginning balance, temporary equity at Jan. 31, 2022		1,479	9,331
Ending balance, temporary equity at Apr. 30, 2022		1,479	9,331
Stockholders' Equity
Dividends Common	(1,325)					(1,325)
Dividends Preferred		(32)	(93)				$ (32)	$ (93)
Stock compensation	618				618
Net income (loss)	7,325					7,377					(52)
Other comprehensive income (loss), net of tax	(784)								(756)		(28)
Ending balance (in shares) at Jul. 31, 2022				17,721,551
Ending balance at Jul. 31, 2022	$ 185,685			$ 180	$ 164,871	$ 19,618			$ (7,295)	$ (3,493)	$ 11,804
Ending balance, temporary equity at Jul. 31, 2022		$ 1,479	$ 9,331

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Jul. 31, 2022	Apr. 30, 2022	Jan. 31, 2022	Jul. 31, 2021	Apr. 30, 2021	Jan. 31, 2021
Dividends - Common (in dollars per share)	$ 0.075	$ 0.075	$ 0.075	$ 0.075	$ 0.075	$ 0.075
Series B Preferred
Dividends - Preferred (in dollars per share)	2.19	2.19	2.19	2.19	2.19	2.19
Series B-2 Preferred
Dividends - Preferred (in dollars per share)	$ 10	$ 10	$ 10	$ 10	$ 10	$ 10

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Operating activities
Net income	$ 2,291	$ 767
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,432	7,490
Loss (gain) on disposal of assets, net	503	(20)
Stock compensation expense	1,993	2,077
Non-cash lease expense	323	346
Equity in earnings of investments, net	(681)	(2,471)
Cash distributions from equity investments	132	0
Deferred income taxes	1,385	1,122
Other, net	816	193
Changes in operating assets and liabilities:
Accounts receivable and receivables/other from related parties	(1,260)	(2,301)
Cultural costs	1,168	1,430
Prepaid expenses and other current assets	(4,181)	(494)
Income taxes receivable	0	5,911
Other assets	3	52
Accounts payable and growers and suppliers payable	(424)	4,731
Accrued liabilities and payables to related parties	1,612	(1,612)
Other long-term liabilities	(193)	(419)
Net cash provided by operating activities	10,919	16,802
Investing activities
Capital expenditures	(7,673)	(8,282)
Net proceeds from sale of assets	110	87
Collection on notes receivable	2,755	25
Cash distribution from equity investment	0	106
Investments in mutual water companies and water rights	(494)	(652)
Net cash used in investing activities	(5,302)	(8,716)
Financing activities
Borrowings of long-term debt	119,204	69,682
Repayments of long-term debt	(119,327)	(72,438)
Proceeds from equipment financings	1,020	0
Principal paid on finance lease and equipment financings	(271)	0
Dividends paid – common	(3,978)	(3,977)
Dividends paid – preferred	(376)	(376)
Exchange of common stock	(1,086)	(700)
Net cash used in financing activities	(4,814)	(7,809)
Effect of exchange rate changes on cash	(247)	(3)
Net increase in cash	556	274
Cash at beginning of period	439	501
Cash at end of period	995	775
Supplemental disclosures of cash flow information
Cash paid during the period for interest, net of amounts capitalized	1,108	1,340
Cash received during the period for income taxes, net	0	5,942
Non-cash investing and financing activities:
Capital expenditures accrued but not paid at period-end	$ 359	$ 437

Organization and Basis of Prese

Organization and Basis of Presentation	9 Months Ended
	Jul. 31, 2022
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 citrus. The Company is also engaged in residential rentals and other rental operations and real estate development activities. The Company markets and sells citrus 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 a portion of its oranges, specialty citrus and other crops to Sunkist-licensed and other third-party packinghouses. Through fiscal year 2021, the Company sold 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. In February 2022, the Company terminated its Avocado Marketing Agreement and the associated Letter Agreement Regarding Fruit Commitment with Calavo to pursue opportunities with other packing and marketing companies. 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 balances and transactions have been eliminated in consolidation. 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 U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ 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	9 Months Ended
	Jul. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Comprehensive Income Comprehensive income 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 loss is reported as a component of the Company's stockholders' equity. The following table summarizes other comprehensive (loss) income by component (in thousands): Three Months Ended July 31, 2022 2021 Pre-tax Amount Tax Expense Net Amount Pre-tax Amount Tax Expense Net Amount Foreign currency translation adjustments $ (828) $ — $ (828) $ (1,042) $ — $ (1,042) Minimum pension liability adjustments: Other comprehensive gain before reclassifications 99 (27) 72 185 (50) 135 Other comprehensive loss $ (729) $ (27) $ (756) $ (857) $ (50) $ (907) 2. Summary of Significant Accounting Policies (continued) Comprehensive Income (continued) Nine Months Ended July 31, 2022 2021 Pre-tax Amount Tax Expense Net Amount Pre-tax Amount Tax Expense Net Amount Foreign currency translation adjustments $ (1,779) $ — $ (1,779) $ 330 $ — $ 330 Minimum pension liability adjustments: Other comprehensive gain before reclassifications 298 (81) 217 553 (150) 403 Other comprehensive (loss) income $ (1,481) $ (81) $ (1,562) $ 883 $ (150) $ 733 The following table summarizes the changes in accumulated other comprehensive loss by component (in thousands): Foreign Currency Translation Loss Defined Benefit Pension Plan Accumulated Other Comprehensive Loss Balance at October 31, 2021 $ (3,754) $ (1,979) $ (5,733) Other comprehensive (loss) income (1,779) 217 (1,562) Balance at July 31, 2022 $ (5,533) $ (1,762) $ (7,295) Foreign Currency Translation (Loss) Gain Defined Benefit Pension Plan Accumulated Other Comprehensive Loss Balance at October 31, 2020 $ (3,069) $ (4,479) $ (7,548) Other comprehensive income 330 403 733 Balance at July 31, 2021 $ (2,739) $ (4,076) $ (6,815) COVID-19 Pandemic There is uncertainty around the breadth and duration of the Company's business disruptions related to the COVID-19 pandemic. The decline in demand for the Company's products beginning the second quarter of fiscal year 2020, which it believes was due to the COVID-19 pandemic, negatively impacted its sales and profitability for the last three quarters of fiscal year 2020, all of fiscal year 2021, and the first three quarters of fiscal year 2022. The Company also expects the COVID-19 pandemic to impact its sales and profitability in future periods. The duration of these trends and the magnitude of such impacts are uncertain and therefore cannot be estimated at this time, as they are influenced by a number of factors, many of which are outside management’s control. The full impact of the COVID-19 pandemic on the Company's results of operations, financial condition, and liquidity, including its ability to comply with debt covenants, for fiscal year 2022 and beyond, is driven by estimates that contain uncertainties. Recent Accounting Pronouncements Financial Accounting Standards Board ("FASB") Accounting Standards Update ("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	9 Months Ended
	Jul. 31, 2022
Risks and Uncertainties [Abstract]
Concentrations and Geographic Information	Concentrations and Geographic Information Concentrations of credit risk with respect to revenues and trade receivable are limited due to a large, diverse customer base. One customer represented 11% of revenue for the nine months ended July 31, 2022. Two customers represented 17% and 13% of revenue, respectively, for the nine months ended July 31, 2021. No individual customer represented more than 10% of accounts receivable, net as of July 31, 2022 or October 31, 2021. Lemons procured from third-party growers were 46% and 57% of the Company's lemon supply for the three months ended July 31, 2022 and 2021, respectively, and were 51% and 51% of the Company's lemon supply for the nine months ended July 31, 2022 and 2021, respectively. One third-party grower was 10% of the lemon supply for the nine months ended July 31, 2021. During the three months ended July 31, 2022 and 2021, the Company had approximately $491,000 and $578,000, respectively, of total sales in Chile by Fruticola Pan de Azucar S.A. ("PDA") and Agricola San Pablo SpA ("San Pablo"). During the nine months ended July 31, 2022 and 2021, the Company had approximately $3,202,000 and $2,555,000, respectively, of total sales in Chile by PDA and San Pablo. In March 2022, the Company signed an agreement to lease Finca Santa Clara, its 1,200-acre lemon ranch in Argentina, to FGF Trapani ("FGF"), its 49% partner in Trapani Fresh Consorcio de Cooperacion ("Trapani Fresh"). The lease is retroactive beginning November 1, 2021, with a term of 14 months at a fixed sum of $400,000, payable in five equal, monthly installments beginning August 2022 until December 2022. During the three and nine months ended July 31, 2022, the Company had approximately $86,000 and $257,000, respectively, of lease income by Trapani Fresh included in other operations revenue. During the three and nine months ended July 31, 2021, the Company had approximately $710,000 and $3,265,000, respectively, of total agribusiness sales in Argentina by Trapani Fresh.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	9 Months Ended
	Jul. 31, 2022
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): July 31, 2022 October 31, 2021 Prepaid supplies and insurance $ 3,378 $ 2,521 Note receivable and related interest — 2,438 Real estate development held for sale 2,670 2,543 Sales tax receivable 451 909 Lemon supplier advances 3,487 676 Other 2,267 1,622 $ 12,253 $ 10,709

Real Estate Development

Real Estate Development	9 Months Ended
	Jul. 31, 2022
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): July 31, 2022 October 31, 2021 East Area I - Retained Property $ 13,633 $ 13,335 East Area II 9,598 9,493 $ 23,231 $ 22,828 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. In November 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”) 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 LLCB also entered into a Retained Property Development Agreement on the Transaction Date (the "Retained Property Agreement"). Under the terms of the Retained Property Agreement, LLCB 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 $5,771,000 at July 31, 2022 and October 31, 2021, which is included in payables to related parties. In January 2018, LLCB 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, as modified and extended, matures February 22, 2023. The interest rate on the Loan is LIBOR plus 2.85% and is payable monthly. The Loan contains certain customary default provisions and LLCB may prepay any amounts outstanding under the Loan without penalty. The Loan had an outstanding balance of $2,500,000 as of July 31, 2022. The Loan has a one year extension option through February 22, 2024 subject to terms and conditions as defined in the Loan agreement, with the maximum borrowing amount reduced to $35,000,000 during the extension period. In February 2018, the Company and certain principals from Lewis guaranteed the obligations under the Loan. The guarantors are jointly and severally liable for all Loan obligations in the event of default by LLCB. The guarantee continues in effect until all of the Loan obligations are fully paid. 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. Additionally, a Reimbursement Agreement was executed between the Lewis guarantors and the Company, which provides for unpaid liabilities of LLCB to be shared pro-rata by the Lewis guarantors and the Company in proportion to their percentage interest in LLCB. Through July 31, 2022, LLCB has closed sales of initial residential lots representing 586 residential units. In September 2022, the Company entered into an agreement with LLCB to sell its East Area 1 - Retained Property to potentially develop additional residential units. The Company expects to close the transaction in the fourth quarter of fiscal year 2022, receive approximately $8,000,000 in cash proceeds and record an estimated gain of approximately $4,700,000. Other Real Estate Development Projects In fiscal year 2020, the Company entered into an agreement to sell its Sevilla property for $2,700,000, which is expected to close in calendar year 2022. After transaction and other costs, the Company expects to receive cash proceeds of approximately $2,670,000. During the third quarter of fiscal year 2022, the Company incurred additional costs to prepare the asset for sale, of which $127,000 were capitalized and $153,000 were recorded in loss on disposal of assets. The carrying value of the property at July 31, 2022 and October 31, 2021, was $2,670,000 and $2,543,000, respectively, and classified as held for sale and included in prepaid expenses and other current assets. In 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 periodically extended with principal payments totaling $400,000 received through October 31, 2021. In November 2021, the promissory note was further extended to June 30, 2022 upon making a principal paydown of $250,000, which was paid in November 2021, and revising the interest rate to 4.00% per annum. In April 2022, the $2,350,000 net carrying value of the promissory note was paid in full and the deferred gain of $161,000 was recognized in the second quarter of fiscal year 2022.

Equity in Investments

Equity in Investments	9 Months Ended
	Jul. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Equity in Investments	Equity in Investments Equity in investments consist of the following (in thousands): July 31, 2022 October 31, 2021 Limoneira Lewis Community Builders, LLC $ 60,827 $ 60,216 Limco Del Mar, Ltd. 2,106 1,997 Rosales 1,183 1,351 Romney Property Partnership 505 508 $ 64,621 $ 64,072 Net amounts due from Rosales were $540,000 and $1,570,000 at July 31, 2022 and October 31, 2021, respectively, and are included in receivables/other from related parties and payables to related parties. Unconsolidated Significant Subsidiary In accordance with Rule 10-01(b)(1) of Regulation S-X, which applies to interim reports on Form 10-Q, the Company must determine if its equity method investees are considered “significant subsidiaries." In evaluating its investments, there are two tests utilized to determine if equity method investees are considered significant subsidiaries: the income test and the investment test. Summarized income statement information of an equity method investee is required in an interim report if either of the two tests exceed 20% in the interim periods presented. During the year-to-date interim period for the nine months ended July 31, 2021, this threshold was met for the Company's equity investment in LLCB. The following is unaudited summarized financial information for LLCB (in thousands): Nine Months Ended 2022 2021 Revenues $ 1,686 $ 36,684 Cost of land sold — 28,062 Operating expenses 569 634 Net income $ 1,117 $ 7,988 Net income attributable to Limoneira Company $ 658 $ 3,944

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	9 Months Ended
	Jul. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net A summary of the change in the carrying amount of goodwill is as follows (in thousands): Goodwill Carrying Amount Balance at October 31, 2021 $ 1,527 Foreign currency translation adjustment (15) Balance at July 31, 2022 $ 1,512 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 July 31, 2022. During the nine months ended July 31, 2021, the Company acquired additional water rights in Chile for $186,000. 7. Goodwill and Intangible Assets, Net (continued) Intangible assets consisted of the following (in thousands): July 31, 2022 October 31, 2021 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 $ 2,108 (826) 1,282 8 $ 2,108 $ (663) $ 1,445 8 Customer relationships 4,037 (1,547) 2,490 9 4,037 (1,209) 2,828 9 Non-competition agreement 437 (64) 373 8 437 (22) 415 8 Acquired water and mineral rights 3,437 — 3,437 Indefinite 3,641 — 3,641 Indefinite $ 10,019 $ (2,437) $ 7,582 $ 10,223 $ (1,894) $ 8,329 Amortization expense totaled $182,000 and $210,000 for the three months ended July 31, 2022 and 2021, respectively. Amortization expense totaled $543,000 and $736,000 for the nine months ended July 31, 2022 and 2021, respectively. Estimated future amortization expense of intangible assets as of July 31, 2022 is as follows (in thousands): 2022 (excluding the nine months ended July 31, 2022) $ 180 2023 724 2024 716 2025 711 2026 711 Thereafter 1,103 $ 4,145

Other Assets

Other Assets	9 Months Ended
	Jul. 31, 2022
Other Assets [Abstract]
Other Assets	Other Assets Investments in Mutual Water Companies The Company’s investments in various not-for-profit mutual water companies provide it 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. As of July 31, 2022 and October 31, 2021, $6,488,000 and $5,994,000, respectively, were included in other assets.

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Jul. 31, 2022
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consist of the following (in thousands): July 31, 2022 October 31, 2021 Compensation $ 2,871 $ 2,112 Property taxes 311 676 Operating expenses 2,319 1,203 Leases 765 604 Other 1,425 1,947 $ 7,691 $ 6,542

Long-Term Debt

Long-Term Debt	9 Months Ended
	Jul. 31, 2022
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt is comprised of the following (in thousands): July 31, 2022 October 31, 2021 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 1.65% at July 31, 2022, plus 1.85%. The interest rate for the $40.0 million outstanding balance of the non-revolving line of credit was fixed at 4.77% through July 1, 2022, is 3.57% through July 1, 2025 and variable thereafter. Interest is payable monthly and the principal is due in full on July 1, 2026. $ 112,994 $ 111,293 Farm Credit West term loan: The interest rate is fixed at 2.48%. The loan is payable in quarterly installments through November 2022. 327 809 Farm Credit West term loan: The interest rate is fixed at 3.24%. The loan is payable in monthly installments through October 2035. 933 974 Farm Credit West term loan: The interest rate is fixed at 3.24%. The loan is payable in monthly installments through March 2036. 7,673 8,004 Farm Credit West term loan: The interest rate is 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. 5,640 5,892 Farm Credit West term loan: Effective August 2, 2021, the interest rate was fixed at 3.19%. The loan is payable in monthly installments through September 2026. 2,122 2,475 Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 769 1,011 Note Payable: the interest rate ranges from 5.00% to 7.00% and was 7.00% at July 31, 2022. 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%. The loans are payable in monthly installments through September 2024. 275 411 Banco de Chile COVID-19 loans: The interest rates are fixed at 3.48% and 4.26%. The loans are payable in monthly installments through September 2026. 489 652 Subtotal 132,657 132,956 Less deferred financing costs, net of accumulated amortization 99 131 Total long-term debt, net 132,558 132,825 Less current portion 3,554 2,472 Long-term debt, less current portion $ 129,004 $ 130,353 The Company entered into a Master Loan Agreement (the “MLA”) with Farm Credit West, PCA (the "Lender") dated June 1, 2021, together with a revolving credit facility supplement (the “Revolving Credit Supplement”), a non-revolving credit facility supplement (the “Non-Revolving Credit Supplement,” and together with the Revolving Credit Supplement, the “Supplements”) and an agreement to convert to a fixed interest rate for a period of time as described in the table above ("Fixed Interest Rate Agreement"). The MLA governs the terms of the Supplements. The MLA amends and restates the previous Master Loan Agreement between the Company and the Lender, dated June 19, 2017, and extends the principal repayment to July 1, 2026. In March 2020, the Company entered into a revolving equity line of credit promissory note and loan agreement with the Lender 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 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. As of July 31, 2022, the Company's outstanding borrowings under the Supplements and RELOC were $112,994,000 and it had $17,006,000 available to borrow. 10. Long-Term Debt (continued) The interest rate in effect under the Revolving Credit Supplement automatically adjusted commencing on July 1, 2021 and on the first day of each month thereafter. The interest rate for any amount outstanding under the Revolving Credit Supplement is based on the one-month LIBOR rate plus or minus an applicable margin. The applicable margin ranges from 1.75% to 2.35% depending on the ratio of current assets, plus the remaining available commitment divided by current liabilities. On each one year anniversary of July 1, the Company has the option to convert the interest rate in use under the Revolving Credit Supplement from the preceding LIBOR-based calculation to a variable interest rate. The Company may prepay any amounts outstanding under the Revolving Credit Supplement without penalty. The initial interest rate in effect under the Non-Revolving Credit Supplement was a fixed interest rate of 4.77% through July 1, 2022 and then converted to a fixed interest rate of 3.57% per year until July 1, 2025 (the “Fixed Rate Term”). Thereafter, the interest rate will convert to a variable interest rate established by the Lender corresponding to the applicable interest rate group. The Company may not prepay any amounts under the outstanding Non-Revolving Credit Supplement during the Fixed Rate Term. Thereafter, the Company may prepay any amounts outstanding under the Non-Revolving Credit Supplement, provided that a fee equal to 0.50% of the amount prepaid and any other cost or loss suffered by the Lender must be paid with any prepayment. The interest rate in effect under the RELOC is a variable interest rate established by the Lender corresponding to the applicable interest rate group, which was 4.00% as of July 31, 2022. The interest rate may be adjusted automatically under the provisions of the Lender's variable interest rate plan. The Company may prepay any amounts outstanding under the RELOC without penalty. All indebtedness under the MLA and RELOC, including any indebtedness under the Supplements, is secured by a first lien on Company-owned stock or participation certificates, Company funds maintained with the Lender, the Lender’s unallocated surplus, and certain of the Company’s agricultural properties in Tulare and Ventura counties in California and certain of the Company’s building fixtures and improvements and investments in mutual water companies associated with the pledged agricultural properties. The MLA includes customary default provisions that provide should an event of default occur, the Lender, at its option, may declare all or any portion of the indebtedness under the MLA to be immediately due and payable without demand, notice of nonpayment, protest or prior recourse to collateral, and terminate or suspend the Company’s right to draw or request funds on any loan or line of credit. The MLA 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 financial covenant that requires it to maintain compliance with a specific debt service coverage ratio greater than or equal to 1.25:1 when measured at October 31, 2022 and annually thereafter. In December 2021, the Lender declared an annual cash patronage dividend of 1.25% of average eligible loan balances and the Company received the aggregate of $1,582,000 in March and April 2022. In December 2020, the Lender declared an annual cash patronage dividend of 1.50% of average eligible loan balances and the Company received $1,170,000 in February 2021. Interest is capitalized on non-bearing orchards, real estate development projects and significant construction in progress. The Company capitalized interest of $235,000 and $353,000 during the three months ended July 31, 2022 and 2021, respectively, and $235,000 and $661,000 during the nine months ended July 31, 2022 and 2021, respectively. Capitalized interest is included in property, plant and equipment and real estate development assets in the Company’s consolidated balance sheets.

Leases

Leases	9 Months Ended
	Jul. 31, 2022
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 21 years, with various renewal terms available. All of the residential rentals have month-to-month lease terms. 11. Leases (continued) Lessor Arrangements (continued) The Company’s rental operations revenue consists of the following (in thousands): Three Months Ended Nine Months Ended 2022 2021 2022 2021 Operating lease revenue $ 1,265 $ 1,086 $ 3,678 $ 3,215 Variable lease revenue 64 85 223 237 Total lease revenue $ 1,329 $ 1,171 $ 3,901 $ 3,452 Lessee Arrangements The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are classified as either operating or finance leases. The Company’s lease contracts are generally for agricultural land and packinghouse and farming equipment with remaining lease terms ranging from one Operating lease costs were $137,000 and $128,000 for the three months ended July 31, 2022 and 2021, respectively, and $395,000 and $406,000 for the nine months ended July 31, 2022 and 2021, respectively, which are primarily included in agribusiness costs and expenses in the Company’s consolidated statements of operations. Finance lease costs were $37,000 and zero for the three months ended July 31, 2022 and 2021, respectively, and $112,000 and zero for the nine months ended July 31, 2022 and 2021, respectively, which are primarily included in agribusiness costs and expenses in the Company’s consolidated statements of operations. Variable and short term lease costs were immaterial. Supplemental balance sheet information related to leases consists of the following (in thousands): Classification July 31, 2022 October 31, 2021 Assets Operating lease ROU assets Other assets $ 2,058 $ 2,041 Finance lease assets Other assets 1,055 1,142 Total lease assets $ 3,113 $ 3,183 Liabilities and Stockholders' Equity Current operating lease liabilities Accrued liabilities and payables to related parties $ 426 $ 488 Current finance lease liabilities Accrued liabilities 249 249 Non-current operating lease liabilities Other long-term liabilities 1,675 1,648 Non-current finance lease liabilities Other long-term liabilities 723 884 Total lease liabilities $ 3,073 $ 3,269 11. Leases (continued) Lessee Arrangements (continued) Supplemental cash flow information related to leases consists of the following (in thousands): Nine Months Ended 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 442 $ 422 Operating cash outflows from finance leases $ 26 $ — Financing cash outflows from finance leases $ 161 $ — ROU assets obtained in exchange for new operating lease liabilities $ 355 $ 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 21 years, with various renewal terms available. All of the residential rentals have month-to-month lease terms. 11. Leases (continued) Lessor Arrangements (continued) The Company’s rental operations revenue consists of the following (in thousands): Three Months Ended Nine Months Ended 2022 2021 2022 2021 Operating lease revenue $ 1,265 $ 1,086 $ 3,678 $ 3,215 Variable lease revenue 64 85 223 237 Total lease revenue $ 1,329 $ 1,171 $ 3,901 $ 3,452 Lessee Arrangements The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are classified as either operating or finance leases. The Company’s lease contracts are generally for agricultural land and packinghouse and farming equipment with remaining lease terms ranging from one Operating lease costs were $137,000 and $128,000 for the three months ended July 31, 2022 and 2021, respectively, and $395,000 and $406,000 for the nine months ended July 31, 2022 and 2021, respectively, which are primarily included in agribusiness costs and expenses in the Company’s consolidated statements of operations. Finance lease costs were $37,000 and zero for the three months ended July 31, 2022 and 2021, respectively, and $112,000 and zero for the nine months ended July 31, 2022 and 2021, respectively, which are primarily included in agribusiness costs and expenses in the Company’s consolidated statements of operations. Variable and short term lease costs were immaterial. Supplemental balance sheet information related to leases consists of the following (in thousands): Classification July 31, 2022 October 31, 2021 Assets Operating lease ROU assets Other assets $ 2,058 $ 2,041 Finance lease assets Other assets 1,055 1,142 Total lease assets $ 3,113 $ 3,183 Liabilities and Stockholders' Equity Current operating lease liabilities Accrued liabilities and payables to related parties $ 426 $ 488 Current finance lease liabilities Accrued liabilities 249 249 Non-current operating lease liabilities Other long-term liabilities 1,675 1,648 Non-current finance lease liabilities Other long-term liabilities 723 884 Total lease liabilities $ 3,073 $ 3,269 11. Leases (continued) Lessee Arrangements (continued) Supplemental cash flow information related to leases consists of the following (in thousands): Nine Months Ended 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 442 $ 422 Operating cash outflows from finance leases $ 26 $ — Financing cash outflows from finance leases $ 161 $ — ROU assets obtained in exchange for new operating lease liabilities $ 355 $ 271

Basic and Diluted Net Income pe

Basic and Diluted Net Income per Share	9 Months Ended
	Jul. 31, 2022
Earnings Per Share [Abstract]
Basic and Diluted Net Income per Share	Basic and Diluted Net Income per Share Basic net income per common share is calculated using the weighted-average number of common shares outstanding during the period without consideration of the dilutive effect of conversion of preferred stock. Diluted net income per common share is calculated using the weighted-average number of common shares outstanding during the period plus the dilutive effect of unvested, restricted stock and conversion of preferred stock. The computations for basic and diluted net loss per common share are as follows (in thousands, except per share amounts): Three Months Ended Nine Months Ended 2022 2021 2022 2021 Basic net income per common share: Net income applicable to common stock $ 7,252 $ 3,580 $ 2,044 $ 1,054 Less: Earnings allocated to unvested, restricted stock (79) (15) (42) (50) Numerator: Net income for basic EPS 7,173 3,565 2,002 1,004 Denominator: Weighted average common shares-basic 17,529 17,461 17,481 17,439 Basic net income per common share $ 0.41 $ 0.20 $ 0.11 $ 0.06 Diluted net income per common share: Net income for basic EPS $ 7,173 $ 3,565 $ 2,002 $ 1,004 Effect of dilutive unvested, restricted stock and preferred stock 125 140 — — Numerator: Net income for diluted EPS $ 7,298 $ 3,705 2,002 1,004 Weighted average common shares–basic 17,529 17,461 17,481 17,439 Effect of dilutive unvested, restricted stock and preferred stock 805 782 — — Denominator: Weighted average common shares–diluted 18,334 18,243 17,481 17,439 Diluted net income per common share $ 0.40 $ 0.20 $ 0.11 $ 0.06 Diluted net income per common share is 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. Diluted net income per common share was calculated under the two-class method for the three and nine months ended July 31, 2022. The Company excluded 147,000, unvested, restricted shares, as calculated under the treasury stock method, from its computation of diluted net income per common share for the three months ended July 31, 2021 and 146,000 for the nine months ended July 31, 2021.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Jul. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company has transactions with equity method investments and various related parties summarized in Note 6 - Equity in Investments and in the tables below (in thousands): July 31, 2022 October 31, 2021 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 $ — $ 494 $ 54 $ — $ — $ 432 $ 40 $ — 3 Cooperative association $ — $ — $ 18 $ — $ — $ — $ 19 $ — 5 Cadiz / Fenner / WAM $ — $ 1,308 $ 572 $ 1,219 $ — $ 1,386 $ 273 $ 1,297 8 FGF $ 3,380 $ 2,653 $ 832 $ — $ 4,598 $ 980 $ 832 $ — 9 LLCB $ — $ — $ 5,771 $ — $ — $ — $ 5,771 $ — 11 Third-party growers $ — $ — $ — $ — $ — $ — $ 41 $ — Three Months Ended July 31, 2022 Three Months Ended July 31, 2021 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 Dividends Paid 1 Employees $ — $ 220 $ — $ — $ — $ 204 $ — $ — 2 Mutual water companies $ — $ — $ 481 $ — $ — $ — $ 274 $ — 3 Cooperative association $ — $ — $ 585 $ — $ — $ — $ 652 $ — 4 Calavo $ — $ — $ — $ — $ 4,036 $ 80 $ 408 $ 126 5 Cadiz / Fenner / WAM $ — $ — $ 895 $ — $ — $ — $ 36 $ — 8 FGF $ 83 $ 86 $ 2 $ — $ 710 $ — $ 1,761 $ — 10 Freska $ — $ — $ — $ — $ 23 $ — $ — $ — 11 Third-party growers $ — $ — $ — $ — $ — $ — $ 16 $ — Nine Months Ended July 31, 2022 Nine Months Ended July 31, 2021 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 Dividends Paid 1 Employees $ — $ 650 $ — $ — $ — $ 608 $ — $ — 2 Mutual water companies $ — $ — $ 975 $ — $ — $ — $ 879 $ — 3 Cooperative association $ — $ — $ 1,369 $ — $ — $ — $ 1,178 $ — 4 Calavo $ — $ 80 $ 2 $ 126 $ 6,589 $ 237 $ 688 $ 377 5 Cadiz / Fenner / WAM $ — $ — $ 2,084 $ — $ — $ — $ 271 $ — 6 Colorado River Growers $ — $ — $ — $ — $ 157 $ — $ 2,772 $ — 7 YMIDD $ — $ — $ 76 $ — $ — $ — $ 62 $ — 8 FGF $ 248 $ 257 $ 2 $ — $ 3,265 $ — $ 2,989 $ — 10 Freska $ — $ — $ — $ — $ 119 $ — $ 142 $ — 11 Third-party growers $ 104 $ — $ 12 $ — $ — $ — $ 132 $ — (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 material rental payments due from employees at July 31, 2022 or October 31, 2021. (2) Mutual water companies - The Company has representation on the boards of directors of the mutual water companies in which the Company has investments, as well as other water districts. 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 and districts. 13. Related Party Transactions (continued) (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 - Through January 2022, the Company had representation on the board of directors of Calavo. Calavo owns common stock of the Company and the Company pays dividends on such common stock to Calavo. Additionally, the Company leases office space to Calavo. As of February 2022, Calavo is no longer a related party. (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 affiliate of 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 right-of-use, or ROU, asset and corresponding lease liability. (6) Colorado River Growers, Inc. (“CRG”) - The Company had 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. CRG was dissolved in August 2021. The Company paid harvest expense to CRG and provided harvest management and administrative services to CRG. (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 immaterial amounts payable to them for such purchases. (8) 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 the sale of packing supplies and a payable due to FGF for fruit purchases and services. The Company records revenue related to the licensing of intangible assets to FGF. Effective November 1, 2021, the Company leases Finca Santa Clara to FGF and records rental revenue related to the leased land. (9) LLCB - Refer to Note 5 - Real Estate Development. (10) Freska - A former 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 corresponding receivables for such sales. The former board member resigned effective June 14, 2022 and Freska is no longer a related party. (11) Third-party growers - A former member of the Company's board of directors markets lemons through the Company. The Company had payments due to the member for such lemon procurement. The former board member resigned effective June 14, 2022.

Income Taxes

Income Taxes	9 Months Ended
	Jul. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesThe effective tax rate for the nine months ended July 31, 2022 was higher than the federal statutory tax rate of 21% mainly due to foreign jurisdictions that are taxed at different rates, state taxes, tax impact of stock-based compensation, and nondeductible tax items. The Company has no material uncertain tax positions as of July 31, 2022. 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 July 31, 2022.

Retirement Plans

Retirement Plans	9 Months Ended
	Jul. 31, 2022
Retirement Benefits [Abstract]
Retirement Plans	Retirement PlansThe Limoneira Company Retirement Plan (the “Plan”) is a noncontributory, defined benefit, single employer pension plan, that 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 administered by Wells Fargo Bank and Mercer Human Resource Consulting. In fiscal year 2021, the Company terminated the Plan effective December 31, 2021. 15. Retirement Plans (continued) The Plan was funded consistent with the funding requirements of federal law and regulations. There were no funding contributions during the nine months ended July 31, 2022 and 2021. Plan assets are invested in a group trust consisting primarily of pooled funds, mutual funds, cash and cash equivalents. The components of net periodic pension cost for the Plan for the three and nine months ended July 31, 2022 and 2021 were as follows (in thousands): Three Months Ended Nine Months Ended 2022 2021 2022 2021 Administrative expenses $ 180 $ 70 $ 539 $ 208 Interest cost 130 137 390 412 Expected return on plan assets (128) (236) (383) (708) Prior service cost 12 11 34 33 Recognized actuarial loss 99 185 298 553 Net periodic benefit cost $ 293 $ 167 $ 878 $ 498

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jul. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is from time to time involved in various lawsuits and legal proceedings that arise in the ordinary course of business. At this time, the Company is not aware of any pending or threatened litigation against it that it expects will have a material adverse effect on its business, financial condition, liquidity, or operating results. Legal claims are inherently uncertain, however, and it is possible that the Company’s business, financial condition, liquidity and/or operating results could be adversely affected in the future by legal proceedings. The Company is party to a lawsuit, initiated on March 27, 2018, against Southern California Edison in Superior Court of the State of California, County of Los Angeles whereby the Company is claiming unspecified damages, attorneys' fees and other costs, as a result from the Thomas Fire in fiscal year 2018. While the outcome of this lawsuit is uncertain, the Company believes its claim for damages is valid.

Stock-based Compensation and Tr

Stock-based Compensation and Treasury Stock	9 Months Ended
	Jul. 31, 2022
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 restricted 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 common 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 Awards 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 Performance Awards granted for fiscal year 2021 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”). Executive awards generally vest over a three 17. Stock-based Compensation and Treasury Stock (continued) Stock-based Compensation (continued) Director Awards On an annual basis, the Company generally issues shares of common stock to non-employee directors under the Stock Plan (“Director Awards”). During March 2022, 46,279 shares of restricted stock were granted as Director Awards, which vest after a one-year period from date of grant. The related stock-based compensation of approximately $627,000 will be recognized equally over the next year as the shares vest. During January 2021, 27,815 shares of restricted stock were granted as Director Awards that vested upon grant. The related stock-based compensation of $469,000 was recognized during the first quarter of fiscal year 2021. During the nine months ended July 31, 2022 and 2021, members of management exchanged 68,080 and 46,993 shares of common stock with fair values totaling $1,086,000 and $701,000, respectively, at the dates of the exchanges, for the payment of payroll taxes associated with the vesting of shares under the Stock Plan. Treasury Stock Share Repurchase Program In fiscal year 2021, the Company's Board of Directors approved a share repurchase program authorizing the Company to repurchase up to $10,000,000 of its outstanding shares of common stock through September 2022. No shares have been repurchased under this program.

Segment Information

Segment Information	9 Months Ended
	Jul. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information The 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 and supplier costs relative to fresh lemons. The lemon packing segment includes packing revenues, intersegment packing revenues and shipping and handling revenues relative to lemon packing. The lemon packing segment expenses are comprised of lemon packing costs. The lemon packing segment revenues include intersegment revenues between fresh lemons and lemon packing. The intersegment revenues are included gross in the segment note and a separate line item is shown as an elimination. The avocados segment includes sales, farming and harvest costs. The other agribusiness segment includes sales, farming and harvest costs of oranges, specialty citrus and other crops. Revenues related to rental operations are included in “Corporate and Other.” Other agribusiness revenues consisted of oranges of $3,736,000 and $7,226,000 and specialty citrus and other crops of $1,120,000 and $3,437,000 for the three and nine months ended July 31, 2022, respectively. Other agribusiness revenues consisted of oranges of $1,981,000 and $4,476,000 and specialty citrus and other crops of $1,065,000 and $4,089,000 for the three and nine months ended July 31, 2021, 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. 18. Segment Information (continued) Segment information for the three months ended July 31, 2022 (in thousands): Fresh Lemon Eliminations Other Total Corporate Total Revenues from external customers $ 33,823 $ 6,337 $ — $ 12,578 $ 4,856 $ 57,594 $ 1,329 $ 58,923 Intersegment revenue — 9,696 (9,696) — — — — — Total net revenues 33,823 16,033 (9,696) 12,578 4,856 57,594 1,329 58,923 Costs and expenses 32,600 11,953 (9,696) 3,154 1,280 39,291 6,103 45,394 Depreciation and amortization — — — — — 2,172 297 2,469 Operating income (loss) $ 1,223 $ 4,080 $ — $ 9,424 $ 3,576 $ 16,131 $ (5,071) $ 11,060 Segment information for the three months ended July 31, 2021 (in thousands): Fresh Lemon Eliminations Other Total Corporate Total Revenues from external customers $ 36,295 $ 4,540 $ — $ 4,073 $ 3,046 $ 47,954 $ 1,171 $ 49,125 Intersegment revenue — 7,192 (7,192) — — — — — Total net revenues 36,295 11,732 (7,192) 4,073 3,046 47,954 1,171 49,125 Costs and expenses 31,846 9,279 (7,192) 2,708 1,956 38,597 4,717 43,314 Depreciation and amortization — — — — — 2,094 343 2,437 Operating income (loss) $ 4,449 $ 2,453 $ — $ 1,365 $ 1,090 $ 7,263 $ (3,889) $ 3,374 Segment information for the nine months ended July 31, 2022 (in thousands): Fresh Lemon Eliminations Other Total Corporate Total Revenues from external customers $ 94,415 $ 19,048 $ — $ 16,920 $ 10,663 $ 141,046 $ 3,901 $ 144,947 Intersegment revenue — 25,658 (25,658) — — — — — Total net revenues 94,415 44,706 (25,658) 16,920 10,663 141,046 3,901 144,947 Costs and expenses 91,983 34,171 (25,658) 5,548 7,718 113,762 19,665 133,427 Depreciation and amortization — — — — — 6,544 888 7,432 Operating income (loss) $ 2,432 $ 10,535 $ — $ 11,372 $ 2,945 $ 20,740 $ (16,652) $ 4,088 Segment information for the nine months ended July 31, 2021 (in thousands): Fresh Lemon Eliminations Other Total Corporate Total Revenues from external customers $ 98,195 $ 15,540 $ — $ 6,780 $ 8,565 $ 129,080 $ 3,452 $ 132,532 Intersegment revenue — 23,159 (23,159) — — — — — Total net revenues 98,195 38,699 (23,159) 6,780 8,565 129,080 3,452 132,532 Costs and expenses 89,982 29,684 (23,159) 4,141 6,832 107,480 17,444 124,924 Depreciation and amortization — — — — — 6,591 899 7,490 Operating income (loss) $ 8,213 $ 9,015 $ — $ 2,639 $ 1,733 $ 15,009 $ (14,891) $ 118

Subsequent Events

Subsequent Events	9 Months Ended
	Jul. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsThe Company evaluated events subsequent to July 31, 2022 through the date of this filing, to assess the need for potential recognition or disclosure in this Quarterly Report on Form 10-Q. Based upon this evaluation, except as described in the notes to the interim consolidated financial statements, it was determined that no other subsequent events occurred that require recognition or disclosure in the unaudited consolidated financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jul. 31, 2022
Accounting Policies [Abstract]
Comprehensive Income (Loss)	Comprehensive Income Comprehensive income 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 loss is reported as a component of the Company's stockholders' equity.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Financial Accounting Standards Board ("FASB") Accounting Standards Update ("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)	9 Months Ended
	Jul. 31, 2022
Accounting Policies [Abstract]
Schedule of Comprehensive Income (Loss) by Component	The following table summarizes other comprehensive (loss) income by component (in thousands): Three Months Ended July 31, 2022 2021 Pre-tax Amount Tax Expense Net Amount Pre-tax Amount Tax Expense Net Amount Foreign currency translation adjustments $ (828) $ — $ (828) $ (1,042) $ — $ (1,042) Minimum pension liability adjustments: Other comprehensive gain before reclassifications 99 (27) 72 185 (50) 135 Other comprehensive loss $ (729) $ (27) $ (756) $ (857) $ (50) $ (907) 2. Summary of Significant Accounting Policies (continued) Comprehensive Income (continued) Nine Months Ended July 31, 2022 2021 Pre-tax Amount Tax Expense Net Amount Pre-tax Amount Tax Expense Net Amount Foreign currency translation adjustments $ (1,779) $ — $ (1,779) $ 330 $ — $ 330 Minimum pension liability adjustments: Other comprehensive gain before reclassifications 298 (81) 217 553 (150) 403 Other comprehensive (loss) income $ (1,481) $ (81) $ (1,562) $ 883 $ (150) $ 733
Schedule of Accumulated Other Comprehensive Income (Loss) by Component	The following table summarizes the changes in accumulated other comprehensive loss by component (in thousands): Foreign Currency Translation Loss Defined Benefit Pension Plan Accumulated Other Comprehensive Loss Balance at October 31, 2021 $ (3,754) $ (1,979) $ (5,733) Other comprehensive (loss) income (1,779) 217 (1,562) Balance at July 31, 2022 $ (5,533) $ (1,762) $ (7,295) Foreign Currency Translation (Loss) Gain Defined Benefit Pension Plan Accumulated Other Comprehensive Loss Balance at October 31, 2020 $ (3,069) $ (4,479) $ (7,548) Other comprehensive income 330 403 733 Balance at July 31, 2021 $ (2,739) $ (4,076) $ (6,815)

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Jul. 31, 2022
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): July 31, 2022 October 31, 2021 Prepaid supplies and insurance $ 3,378 $ 2,521 Note receivable and related interest — 2,438 Real estate development held for sale 2,670 2,543 Sales tax receivable 451 909 Lemon supplier advances 3,487 676 Other 2,267 1,622 $ 12,253 $ 10,709

Real Estate Development (Tables

Real Estate Development (Tables)	9 Months Ended
	Jul. 31, 2022
Real Estate [Abstract]
Schedule of Real Estate Development Assets	Real estate development assets are comprised primarily of land and land development costs and consist of the following (in thousands): July 31, 2022 October 31, 2021 East Area I - Retained Property $ 13,633 $ 13,335 East Area II 9,598 9,493 $ 23,231 $ 22,828

Equity in Investments (Tables)

Equity in Investments (Tables)	9 Months Ended
	Jul. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity in Investments	Equity in investments consist of the following (in thousands): July 31, 2022 October 31, 2021 Limoneira Lewis Community Builders, LLC $ 60,827 $ 60,216 Limco Del Mar, Ltd. 2,106 1,997 Rosales 1,183 1,351 Romney Property Partnership 505 508 $ 64,621 $ 64,072 The following is unaudited summarized financial information for LLCB (in thousands): Nine Months Ended 2022 2021 Revenues $ 1,686 $ 36,684 Cost of land sold — 28,062 Operating expenses 569 634 Net income $ 1,117 $ 7,988 Net income attributable to Limoneira Company $ 658 $ 3,944

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	9 Months Ended
	Jul. 31, 2022
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, 2021 $ 1,527 Foreign currency translation adjustment (15) Balance at July 31, 2022 $ 1,512
Indefinite-Lived Intangible Assets	Intangible assets consisted of the following (in thousands): July 31, 2022 October 31, 2021 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 $ 2,108 (826) 1,282 8 $ 2,108 $ (663) $ 1,445 8 Customer relationships 4,037 (1,547) 2,490 9 4,037 (1,209) 2,828 9 Non-competition agreement 437 (64) 373 8 437 (22) 415 8 Acquired water and mineral rights 3,437 — 3,437 Indefinite 3,641 — 3,641 Indefinite $ 10,019 $ (2,437) $ 7,582 $ 10,223 $ (1,894) $ 8,329
Finite-Lived Intangible Assets	Intangible assets consisted of the following (in thousands): July 31, 2022 October 31, 2021 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 $ 2,108 (826) 1,282 8 $ 2,108 $ (663) $ 1,445 8 Customer relationships 4,037 (1,547) 2,490 9 4,037 (1,209) 2,828 9 Non-competition agreement 437 (64) 373 8 437 (22) 415 8 Acquired water and mineral rights 3,437 — 3,437 Indefinite 3,641 — 3,641 Indefinite $ 10,019 $ (2,437) $ 7,582 $ 10,223 $ (1,894) $ 8,329
Estimated Future Amortization Expense of Intangible Assets	Estimated future amortization expense of intangible assets as of July 31, 2022 is as follows (in thousands): 2022 (excluding the nine months ended July 31, 2022) $ 180 2023 724 2024 716 2025 711 2026 711 Thereafter 1,103 $ 4,145

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Jul. 31, 2022
Accounts Payable and Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following (in thousands): July 31, 2022 October 31, 2021 Compensation $ 2,871 $ 2,112 Property taxes 311 676 Operating expenses 2,319 1,203 Leases 765 604 Other 1,425 1,947 $ 7,691 $ 6,542

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Jul. 31, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt is comprised of the following (in thousands): July 31, 2022 October 31, 2021 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 1.65% at July 31, 2022, plus 1.85%. The interest rate for the $40.0 million outstanding balance of the non-revolving line of credit was fixed at 4.77% through July 1, 2022, is 3.57% through July 1, 2025 and variable thereafter. Interest is payable monthly and the principal is due in full on July 1, 2026. $ 112,994 $ 111,293 Farm Credit West term loan: The interest rate is fixed at 2.48%. The loan is payable in quarterly installments through November 2022. 327 809 Farm Credit West term loan: The interest rate is fixed at 3.24%. The loan is payable in monthly installments through October 2035. 933 974 Farm Credit West term loan: The interest rate is fixed at 3.24%. The loan is payable in monthly installments through March 2036. 7,673 8,004 Farm Credit West term loan: The interest rate is 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. 5,640 5,892 Farm Credit West term loan: Effective August 2, 2021, the interest rate was fixed at 3.19%. The loan is payable in monthly installments through September 2026. 2,122 2,475 Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 769 1,011 Note Payable: the interest rate ranges from 5.00% to 7.00% and was 7.00% at July 31, 2022. 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%. The loans are payable in monthly installments through September 2024. 275 411 Banco de Chile COVID-19 loans: The interest rates are fixed at 3.48% and 4.26%. The loans are payable in monthly installments through September 2026. 489 652 Subtotal 132,657 132,956 Less deferred financing costs, net of accumulated amortization 99 131 Total long-term debt, net 132,558 132,825 Less current portion 3,554 2,472 Long-term debt, less current portion $ 129,004 $ 130,353

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jul. 31, 2022
Leases [Abstract]
Composition of Rental Operations Revenue	The Company’s rental operations revenue consists of the following (in thousands): Three Months Ended Nine Months Ended 2022 2021 2022 2021 Operating lease revenue $ 1,265 $ 1,086 $ 3,678 $ 3,215 Variable lease revenue 64 85 223 237 Total lease revenue $ 1,329 $ 1,171 $ 3,901 $ 3,452
Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases consists of the following (in thousands): Classification July 31, 2022 October 31, 2021 Assets Operating lease ROU assets Other assets $ 2,058 $ 2,041 Finance lease assets Other assets 1,055 1,142 Total lease assets $ 3,113 $ 3,183 Liabilities and Stockholders' Equity Current operating lease liabilities Accrued liabilities and payables to related parties $ 426 $ 488 Current finance lease liabilities Accrued liabilities 249 249 Non-current operating lease liabilities Other long-term liabilities 1,675 1,648 Non-current finance lease liabilities Other long-term liabilities 723 884 Total lease liabilities $ 3,073 $ 3,269
Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases consists of the following (in thousands): Nine Months Ended 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 442 $ 422 Operating cash outflows from finance leases $ 26 $ — Financing cash outflows from finance leases $ 161 $ — ROU assets obtained in exchange for new operating lease liabilities $ 355 $ 271

Basic and Diluted Net Income _2

Basic and Diluted Net Income per Share (Tables)	9 Months Ended
	Jul. 31, 2022
Earnings Per Share [Abstract]
Schedule of Net Loss per Share	The computations for basic and diluted net loss per common share are as follows (in thousands, except per share amounts): Three Months Ended Nine Months Ended 2022 2021 2022 2021 Basic net income per common share: Net income applicable to common stock $ 7,252 $ 3,580 $ 2,044 $ 1,054 Less: Earnings allocated to unvested, restricted stock (79) (15) (42) (50) Numerator: Net income for basic EPS 7,173 3,565 2,002 1,004 Denominator: Weighted average common shares-basic 17,529 17,461 17,481 17,439 Basic net income per common share $ 0.41 $ 0.20 $ 0.11 $ 0.06 Diluted net income per common share: Net income for basic EPS $ 7,173 $ 3,565 $ 2,002 $ 1,004 Effect of dilutive unvested, restricted stock and preferred stock 125 140 — — Numerator: Net income for diluted EPS $ 7,298 $ 3,705 2,002 1,004 Weighted average common shares–basic 17,529 17,461 17,481 17,439 Effect of dilutive unvested, restricted stock and preferred stock 805 782 — — Denominator: Weighted average common shares–diluted 18,334 18,243 17,481 17,439 Diluted net income per common share $ 0.40 $ 0.20 $ 0.11 $ 0.06

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Jul. 31, 2022
Related Party Transactions [Abstract]
Summary of Transactions with Related Parties	The Company has transactions with equity method investments and various related parties summarized in Note 6 - Equity in Investments and in the tables below (in thousands): July 31, 2022 October 31, 2021 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 $ — $ 494 $ 54 $ — $ — $ 432 $ 40 $ — 3 Cooperative association $ — $ — $ 18 $ — $ — $ — $ 19 $ — 5 Cadiz / Fenner / WAM $ — $ 1,308 $ 572 $ 1,219 $ — $ 1,386 $ 273 $ 1,297 8 FGF $ 3,380 $ 2,653 $ 832 $ — $ 4,598 $ 980 $ 832 $ — 9 LLCB $ — $ — $ 5,771 $ — $ — $ — $ 5,771 $ — 11 Third-party growers $ — $ — $ — $ — $ — $ — $ 41 $ — Three Months Ended July 31, 2022 Three Months Ended July 31, 2021 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 Dividends Paid 1 Employees $ — $ 220 $ — $ — $ — $ 204 $ — $ — 2 Mutual water companies $ — $ — $ 481 $ — $ — $ — $ 274 $ — 3 Cooperative association $ — $ — $ 585 $ — $ — $ — $ 652 $ — 4 Calavo $ — $ — $ — $ — $ 4,036 $ 80 $ 408 $ 126 5 Cadiz / Fenner / WAM $ — $ — $ 895 $ — $ — $ — $ 36 $ — 8 FGF $ 83 $ 86 $ 2 $ — $ 710 $ — $ 1,761 $ — 10 Freska $ — $ — $ — $ — $ 23 $ — $ — $ — 11 Third-party growers $ — $ — $ — $ — $ — $ — $ 16 $ — Nine Months Ended July 31, 2022 Nine Months Ended July 31, 2021 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 Dividends Paid 1 Employees $ — $ 650 $ — $ — $ — $ 608 $ — $ — 2 Mutual water companies $ — $ — $ 975 $ — $ — $ — $ 879 $ — 3 Cooperative association $ — $ — $ 1,369 $ — $ — $ — $ 1,178 $ — 4 Calavo $ — $ 80 $ 2 $ 126 $ 6,589 $ 237 $ 688 $ 377 5 Cadiz / Fenner / WAM $ — $ — $ 2,084 $ — $ — $ — $ 271 $ — 6 Colorado River Growers $ — $ — $ — $ — $ 157 $ — $ 2,772 $ — 7 YMIDD $ — $ — $ 76 $ — $ — $ — $ 62 $ — 8 FGF $ 248 $ 257 $ 2 $ — $ 3,265 $ — $ 2,989 $ — 10 Freska $ — $ — $ — $ — $ 119 $ — $ 142 $ — 11 Third-party growers $ 104 $ — $ 12 $ — $ — $ — $ 132 $ — (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 material rental payments due from employees at July 31, 2022 or October 31, 2021. (2) Mutual water companies - The Company has representation on the boards of directors of the mutual water companies in which the Company has investments, as well as other water districts. 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 and districts. 13. Related Party Transactions (continued) (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 - Through January 2022, the Company had representation on the board of directors of Calavo. Calavo owns common stock of the Company and the Company pays dividends on such common stock to Calavo. Additionally, the Company leases office space to Calavo. As of February 2022, Calavo is no longer a related party. (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 affiliate of 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 right-of-use, or ROU, asset and corresponding lease liability. (6) Colorado River Growers, Inc. (“CRG”) - The Company had 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. CRG was dissolved in August 2021. The Company paid harvest expense to CRG and provided harvest management and administrative services to CRG. (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 immaterial amounts payable to them for such purchases. (8) 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 the sale of packing supplies and a payable due to FGF for fruit purchases and services. The Company records revenue related to the licensing of intangible assets to FGF. Effective November 1, 2021, the Company leases Finca Santa Clara to FGF and records rental revenue related to the leased land. (9) LLCB - Refer to Note 5 - Real Estate Development. (10) Freska - A former 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 corresponding receivables for such sales. The former board member resigned effective June 14, 2022 and Freska is no longer a related party. (11) Third-party growers - A former member of the Company's board of directors markets lemons through the Company. The Company had payments due to the member for such lemon procurement. The former board member resigned effective June 14, 2022.

Retirement Plans (Tables)

Retirement Plans (Tables)	9 Months Ended
	Jul. 31, 2022
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The components of net periodic pension cost for the Plan for the three and nine months ended July 31, 2022 and 2021 were as follows (in thousands): Three Months Ended Nine Months Ended 2022 2021 2022 2021 Administrative expenses $ 180 $ 70 $ 539 $ 208 Interest cost 130 137 390 412 Expected return on plan assets (128) (236) (383) (708) Prior service cost 12 11 34 33 Recognized actuarial loss 99 185 298 553 Net periodic benefit cost $ 293 $ 167 $ 878 $ 498

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Jul. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Information by Segment	Segment information for the three months ended July 31, 2022 (in thousands): Fresh Lemon Eliminations Other Total Corporate Total Revenues from external customers $ 33,823 $ 6,337 $ — $ 12,578 $ 4,856 $ 57,594 $ 1,329 $ 58,923 Intersegment revenue — 9,696 (9,696) — — — — — Total net revenues 33,823 16,033 (9,696) 12,578 4,856 57,594 1,329 58,923 Costs and expenses 32,600 11,953 (9,696) 3,154 1,280 39,291 6,103 45,394 Depreciation and amortization — — — — — 2,172 297 2,469 Operating income (loss) $ 1,223 $ 4,080 $ — $ 9,424 $ 3,576 $ 16,131 $ (5,071) $ 11,060 Segment information for the three months ended July 31, 2021 (in thousands): Fresh Lemon Eliminations Other Total Corporate Total Revenues from external customers $ 36,295 $ 4,540 $ — $ 4,073 $ 3,046 $ 47,954 $ 1,171 $ 49,125 Intersegment revenue — 7,192 (7,192) — — — — — Total net revenues 36,295 11,732 (7,192) 4,073 3,046 47,954 1,171 49,125 Costs and expenses 31,846 9,279 (7,192) 2,708 1,956 38,597 4,717 43,314 Depreciation and amortization — — — — — 2,094 343 2,437 Operating income (loss) $ 4,449 $ 2,453 $ — $ 1,365 $ 1,090 $ 7,263 $ (3,889) $ 3,374 Segment information for the nine months ended July 31, 2022 (in thousands): Fresh Lemon Eliminations Other Total Corporate Total Revenues from external customers $ 94,415 $ 19,048 $ — $ 16,920 $ 10,663 $ 141,046 $ 3,901 $ 144,947 Intersegment revenue — 25,658 (25,658) — — — — — Total net revenues 94,415 44,706 (25,658) 16,920 10,663 141,046 3,901 144,947 Costs and expenses 91,983 34,171 (25,658) 5,548 7,718 113,762 19,665 133,427 Depreciation and amortization — — — — — 6,544 888 7,432 Operating income (loss) $ 2,432 $ 10,535 $ — $ 11,372 $ 2,945 $ 20,740 $ (16,652) $ 4,088 Segment information for the nine months ended July 31, 2021 (in thousands): Fresh Lemon Eliminations Other Total Corporate Total Revenues from external customers $ 98,195 $ 15,540 $ — $ 6,780 $ 8,565 $ 129,080 $ 3,452 $ 132,532 Intersegment revenue — 23,159 (23,159) — — — — — Total net revenues 98,195 38,699 (23,159) 6,780 8,565 129,080 3,452 132,532 Costs and expenses 89,982 29,684 (23,159) 4,141 6,832 107,480 17,444 124,924 Depreciation and amortization — — — — — 6,591 899 7,490 Operating income (loss) $ 8,213 $ 9,015 $ — $ 2,639 $ 1,733 $ 15,009 $ (14,891) $ 118

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net Amount			$ (1,562)	$ 733
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax Amount	$ (828)	$ (1,042)	(1,779)	330
Tax Expense	0	0	0	0
Net Amount	(828)	(1,042)	(1,779)	330
Other comprehensive gain before reclassifications
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax Amount	99	185	298	553
Tax Expense	(27)	(50)	(81)	(150)
Net Amount	72	135	217	403
Other comprehensive loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax Amount	(729)	(857)	(1,481)	883
Tax Expense	(27)	(50)	(81)	(150)
Net Amount	$ (756)	$ (907)	$ (1,562)	$ 733

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Accumulated Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 179,976	$ 193,087	$ 188,435	$ 195,760
Other comprehensive (loss) income			(1,562)	733
Ending balance	185,685	192,985	185,685	192,985
Foreign Currency Translation Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(3,754)	(3,069)
Other comprehensive (loss) income	(828)	(1,042)	(1,779)	330
Ending balance	(5,533)	(2,739)	(5,533)	(2,739)
Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(1,979)	(4,479)
Other comprehensive (loss) income	72	135	217	403
Ending balance	(1,762)	(4,076)	(1,762)	(4,076)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(6,539)	(5,908)	(5,733)	(7,548)
Other comprehensive (loss) income	(756)	(907)	(1,562)	733
Ending balance	$ (7,295)	$ (6,815)	$ (7,295)	$ (6,815)

Concentrations and Geographic_2

Concentrations and Geographic Information (Details) $ in Thousands	1 Months Ended	3 Months Ended		5 Months Ended	9 Months Ended
	Mar. 31, 2022 a	Jul. 31, 2022 USD ($)	Jul. 31, 2021 USD ($)	Dec. 31, 2022 installment	Jul. 31, 2022 USD ($)	Jul. 31, 2021 USD ($)	Nov. 01, 2021 USD ($)
Concentration Risk [Line Items]
Revenues		$ 57,594	$ 47,954		$ 141,046	$ 129,080
Number of acres of land for Lease | a	1,200
Operating lease, lease income		1,329	1,171		3,901	3,452
Aggregate foreign exchange transaction losses					137	598
Trapani Fresh
Concentration Risk [Line Items]
Partners, ownership interest	49%
Trapani Fresh
Concentration Risk [Line Items]
Remaining terms of operating leases							14 months
Lessor, operating Lease, payments to be received							$ 400
Operating lease, lease income		86			257
Trapani Fresh | Subsequent Event
Concentration Risk [Line Items]
Lessor, operating lease, number of monthly installments payment | installment				5
Chile | San Pablo and PDA
Concentration Risk [Line Items]
Revenues		$ 491	578		$ 3,202	2,555
Argentina | Trapani Fresh
Concentration Risk [Line Items]
Revenues			$ 710			$ 3,265
Customer Concentration Risk | Revenue Benchmark | First Customer
Concentration Risk [Line Items]
Concentration risk percentage					11%	17%
Customer Concentration Risk | Revenue Benchmark | Second Customer
Concentration Risk [Line Items]
Concentration risk percentage						13%
Supplier Concentration Risk | Revenue, Product and Service Benchmark | Lemon
Concentration Risk [Line Items]
Concentration risk percentage		46%	57%		51%	51%
Supplier Concentration Risk | Revenue, Product and Service Benchmark | Lemon | One Third-Party Grower
Concentration Risk [Line Items]
Concentration risk percentage						10%

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid supplies and insurance	$ 3,378	$ 2,521
Note receivable and related interest	0	2,438
Real estate development held for sale	2,670	2,543
Sales tax receivable	451	909
Lemon supplier advances	3,487	676
Other	2,267	1,622
Prepaid expenses and other current assets	$ 12,253	$ 10,709

Real Estate Development - Sched

Real Estate Development - Schedule of Real Estate Development Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021
Real Estate Properties [Line Items]
Real estate development assets	$ 23,231	$ 22,828
East Area I - Retained Property
Real Estate Properties [Line Items]
Real estate development assets	13,633	13,335
East Area II
Real Estate Properties [Line Items]
Real estate development assets	$ 9,598	$ 9,493

Real Estate Development - Narra

Real Estate Development - Narrative (Details)	1 Months Ended			3 Months Ended		9 Months Ended		47 Months Ended
	Nov. 30, 2021 USD ($)	Jan. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Oct. 31, 2022 USD ($)	Apr. 30, 2022 USD ($)	Jul. 31, 2022 USD ($) residentialUnit	Jul. 31, 2021 USD ($)	Oct. 31, 2021 USD ($)	Nov. 10, 2015 USD ($)	Oct. 31, 2005 a property
Real Estate Properties [Line Items]
Real estate investments, joint ventures						$ 2,500,000
Line of credit facility extension option period						1 year
Assets held-for-sale, capitalized cost						$ 127,000
Impairment of real estate						153,000
Net proceeds from sale of real estate property						2,670,000		$ 2,543,000
Collection on notes receivable						$ 2,755,000	$ 25,000
Sevilla | Disposal Group, Not Discontinued Operations | Forecast
Real Estate Properties [Line Items]
Cash proceeds from sale of real estate				$ 2,670,000
Consideration for sale of property				2,700,000
East Area 1 Retained Property | Forecast
Real Estate Properties [Line Items]
Cash proceeds from sale of real estate				8,000,000
Gain on sale of real estate				$ 4,700,000
LLCB
Real Estate Properties [Line Items]
Number of residential units sold | residentialUnit						586
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
Maximum borrowing capacity						35,000,000
Unsecured Line of Credit Loan Agreement and Promissory Note | LLCB | LIBOR
Real Estate Properties [Line Items]
Basis spread on variable rate		2.85%
LLCB | Affiliated Entity
Real Estate Properties [Line Items]
Payables to related parties						5,771,000		5,771,000
East Areas I and II
Real Estate Properties [Line Items]
Number of real estate properties | property										2
Number of acres of land for real estate development | a										550
East Area I | Lewis Group of Companies
Real Estate Properties [Line Items]
Equity method investment, aggregate cost									$ 20,000,000
East Area I | Lewis Group of Companies | Limoneira Lewis Community Builders
Real Estate Properties [Line Items]
Ownership percentage									50%
Centennial Property
Real Estate Properties [Line Items]
Net proceeds from sale of real estate property			$ 2,983,000
Net proceeds from sales of real estate development assets			3,250,000
Proceeds from issuance of debt			$ 3,000,000
Collection on notes receivable	$ 250,000				$ 161,000			$ 400,000
Interest rate	4%
Carrying value of note						$ 2,350,000

Equity in Investments (Details)

Equity in Investments (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021
Schedule of Equity Method Investments [Line Items]
Equity in investments	$ 64,621	$ 64,072
Limoneira Lewis Community Builders, LLC
Schedule of Equity Method Investments [Line Items]
Equity in investments	60,827	60,216
Limco Del Mar, Ltd.
Schedule of Equity Method Investments [Line Items]
Equity in investments	2,106	1,997
Rosales
Schedule of Equity Method Investments [Line Items]
Equity in investments	1,183	1,351
Romney Property Partnership
Schedule of Equity Method Investments [Line Items]
Equity in investments	$ 505	$ 508

Equity in Investments - Narrati

Equity in Investments - Narrative (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021
Rosales | Rosales
Schedule of Equity Method Investments [Line Items]
Amounts due from (to) related parties	$ 540	$ 1,570

Equity in Investments - Financi

Equity in Investments - Financial Information for Equity in Investments (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Jul. 31, 2022	Apr. 30, 2022	Jan. 31, 2022	Jul. 31, 2021	Apr. 30, 2021	Jan. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Schedule of Equity Method Investments [Line Items]
Revenues	$ 58,923			$ 49,125			$ 144,947	$ 132,532
Cost of land sold	41,463			40,691			120,306	114,071
Net income	7,325	$ 1,572	$ (6,606)	3,170	$ 1,513	$ (3,916)	2,291	767
Net income attributable to Limoneira Company	$ 7,377			$ 3,705			2,420	1,430
LLCB
Schedule of Equity Method Investments [Line Items]
Revenues							1,686	36,684
Cost of land sold							0	28,062
Operating expenses							569	634
Net income							1,117	7,988
Net income attributable to Limoneira Company							$ 658	$ 3,944

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Change in Carrying Amount of Goodwill (Details) $ in Thousands	9 Months Ended
	Jul. 31, 2022 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 1,527
Foreign currency translation adjustment	(15)
Ending balance	$ 1,512

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment loss	$ 0		$ 0
Amortization expense	$ 182,000	$ 210,000	$ 543,000	$ 736,000
Acquired water and mineral rights
Finite-Lived Intangible Assets [Line Items]
Acquired water rights				$ 186,000

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jul. 31, 2022	Oct. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (2,437)	$ (1,894)
Net Carrying Amount	4,145
Gross Carrying Amount	10,019	10,223
Net Carrying Amount	7,582	8,329
Acquired water and mineral rights
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	3,437	3,641
Trade names and trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,108	2,108
Accumulated Amortization	(826)	(663)
Net Carrying Amount	$ 1,282	$ 1,445
Weighted Average Useful Life in Years	8 years	8 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 4,037	$ 4,037
Accumulated Amortization	(1,547)	(1,209)
Net Carrying Amount	$ 2,490	$ 2,828
Weighted Average Useful Life in Years	9 years	9 years
Non-competition agreement
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 437	$ 437
Accumulated Amortization	(64)	(22)
Net Carrying Amount	$ 373	$ 415
Weighted Average Useful Life in Years	8 years	8 years

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets, Net - Estimated Future Amortization Expense of Intangible Assets (Details) $ in Thousands	Jul. 31, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022 (excluding the nine months ended July 31, 2022)	$ 180
2023	724
2024	716
2025	711
2026	711
Thereafter	1,103
Net Carrying Amount	$ 4,145

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021
Other Assets [Abstract]
Investments in mutual water companies	$ 6,488	$ 5,994

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021
Accounts Payable and Accrued Liabilities, Current [Abstract]
Compensation	$ 2,871	$ 2,112
Property taxes	311	676
Operating expenses	2,319	1,203
Leases	765	604
Other	1,425	1,947
Accrued liabilities	$ 7,691	$ 6,542

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($)		9 Months Ended
	Jul. 01, 2021	Jul. 31, 2022	Jul. 02, 2022	Jul. 01, 2022	Oct. 31, 2021
Debt Instrument [Line Items]
Long-term debt, gross		$ 132,657,000			$ 132,956,000
Less deferred financing costs, net of accumulated amortization		99,000			131,000
Total long-term debt, net		132,558,000			132,825,000
Less current portion		3,554,000			2,472,000
Long-term debt, less current portion		129,004,000			130,353,000
Notes Payable
Debt Instrument [Line Items]
Long-term debt, gross		$ 1,435,000			1,435,000
Variable interest rate		7%
Notes Payable | Minimum
Debt Instrument [Line Items]
Variable interest rate		5%
Notes Payable | Maximum
Debt Instrument [Line Items]
Variable interest rate		7%
Farm Credit West Revolving and Non-Revolving Lines of Credit
Debt Instrument [Line Items]
Long-term debt, gross		$ 112,994,000			111,293,000
Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Credit Facility | LIBOR
Debt Instrument [Line Items]
Base rate		1.65%
Basis spread on variable rate		1.85%
Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Credit Facility | LIBOR | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Credit Facility | LIBOR | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	2.35%
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			3.57%	4.77%
Farm Credit West Term Loan due November 2022
Debt Instrument [Line Items]
Long-term debt, gross		$ 327,000			809,000
Fixed interest rate		2.48%
Farm Credit West Term Loan due October 2035
Debt Instrument [Line Items]
Long-term debt, gross		$ 933,000			974,000
Fixed interest rate		3.24%
Farm Credit West Term Loan due March 2036
Debt Instrument [Line Items]
Long-term debt, gross		$ 7,673,000			8,004,000
Fixed interest rate		3.24%
Farm Credit West Term Loan due March 2036
Debt Instrument [Line Items]
Long-term debt, gross		$ 5,640,000			5,892,000
Fixed interest rate		2.77%
Farm Credit West Term Loan due Sept 2026
Debt Instrument [Line Items]
Long-term debt, gross		$ 2,122,000			2,475,000
Fixed interest rate		3.19%
Banco de Chile Term Loan
Debt Instrument [Line Items]
Long-term debt, gross		$ 769,000			1,011,000
Fixed interest rate		6.48%
Banco De Chile COVID-19 Loans
Debt Instrument [Line Items]
Long-term debt, gross		$ 275,000			$ 411,000
Fixed interest rate		3.48%			4.26%
Banco De Chile COVID-19 Loan Two
Debt Instrument [Line Items]
Long-term debt, gross		$ 489,000			$ 652,000

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details)

1 Months Ended

2 Months Ended

3 Months Ended

9 Months Ended

Jul. 01, 2021

Feb. 28, 2021 USD ($)

Mar. 31, 2020 USD ($)

Apr. 30, 2022 USD ($)

Jul. 31, 2022 USD ($)

Jul. 31, 2021 USD ($)

Jul. 31, 2022 USD ($)

Jul. 31, 2021 USD ($)

Oct. 31, 2022

Jul. 02, 2022

Jul. 01, 2022

Dec. 31, 2021

Oct. 31, 2021 USD ($)

Dec. 31, 2020

Debt Instrument [Line Items]

Long-term debt, gross

$ 132,657,000

$ 132,657,000

$ 132,956,000

Annual patronage dividend rate

1.25%

1.50%

Interest costs capitalized

235,000

$ 353,000

235,000

$ 661,000

Farm Credit West

Debt Instrument [Line Items]

Dividends received

$ 1,170,000

$ 1,582,000

Farm Credit West Revolving and Non-Revolving Lines of Credit

Debt Instrument [Line Items]

Maximum borrowing capacity

130,000,000

130,000,000

Long-term debt, gross

112,994,000

112,994,000

$ 111,293,000

Available to borrow

17,006,000

17,006,000

Farm Credit West Revolving and Non-Revolving Lines of Credit | Forecast

Debt Instrument [Line Items]

Minimum debt service coverage ratio

1.25

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

Long-term debt, gross

112,994,000

112,994,000

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 | Revolving Credit Facility | LIBOR

Debt Instrument [Line Items]

Basis spread on variable rate

1.85%

Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Credit Facility | Minimum | LIBOR

Debt Instrument [Line Items]

Basis spread on variable rate

1.75%

Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Credit Facility | Maximum | LIBOR

Debt Instrument [Line Items]

Basis spread on variable rate

2.35%

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

Long-term debt, gross

$ 40,000,000

$ 40,000,000

Interest rate

3.57%

4.77%

Prepayment fee percent

0.50%

Farm Credit West Loan Agreement Secured by Windfall Investors, LLC Property | Revolving Equity Line of Credit

Debt Instrument [Line Items]

Draw period

3 years

Payment period

20 years

Farm Credit West Term Loan due April 2023 and February 2043

Debt Instrument [Line Items]

Interest rate

4%

4%

Leases - Lessor Arrangements, N

Leases - Lessor Arrangements, Narrative (Details)	Jul. 31, 2022
Minimum
Lessor, Lease, Description [Line Items]
Remaining terms of operating leases	1 month
Maximum
Lessor, Lease, Description [Line Items]
Remaining terms of operating leases	21 years

Leases - Composition of Rental

Leases - Composition of Rental Operations Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Leases [Abstract]
Operating lease revenue	$ 1,265	$ 1,086	$ 3,678	$ 3,215
Variable lease revenue	64	85	223	237
Total lease revenue	$ 1,329	$ 1,171	$ 3,901	$ 3,452

Leases - Lessee Arrangements, N

Leases - Lessee Arrangements, Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 137	$ 128	$ 395	$ 406
Finance lease, cost	$ 37	$ 0	$ 112	$ 0
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	16 years		16 years

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021
Leases [Abstract]
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current	Accrued Liabilities, Current
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Assets
Operating lease ROU assets	$ 2,058	$ 2,041
Finance lease assets	1,055	1,142
Total lease assets	3,113	3,183
Liabilities and Stockholders' Equity
Current operating lease liabilities	426	488
Current finance lease liabilities	249	249
Non-current operating lease liabilities	1,675	1,648
Non-current finance lease liabilities	723	884
Total lease liabilities	$ 3,073	$ 3,269

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 442	$ 422
Operating cash outflows from finance leases	26	0
Financing cash outflows from finance leases	161	0
ROU assets obtained in exchange for new operating lease liabilities	$ 355	$ 271

Basic and Diluted Net Income _3

Basic and Diluted Net Income per Share - Schedule of Net Loss per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Basic net income per common share:
Net income applicable to common stock	$ 7,252	$ 3,580	$ 2,044	$ 1,054
Less: Earnings allocated to unvested, restricted stock	(79)	(15)	(42)	(50)
Numerator: Net income for basic EPS	$ 7,173	$ 3,565	$ 2,002	$ 1,004
Denominator: Weighted average common shares–basic (in shares)	17,529,000	17,461,000	17,481,000	17,439,000
Basic net income per common share (in dollars per share)	$ 0.41	$ 0.20	$ 0.11	$ 0.06
Diluted net income per common share:
Net income for basic EPS	$ 7,173	$ 3,565	$ 2,002	$ 1,004
Effect of dilutive unvested, restricted stock and preferred stock	125	140	0	0
Numerator: Net income for diluted EPS	$ 7,298	$ 3,705	$ 2,002	$ 1,004
Denominator: Weighted average common shares–basic (in shares)	17,529,000	17,461,000	17,481,000	17,439,000
Effect of dilutive unvested, restricted stock and preferred stock (in shares)	805,000	782,000	0	0
Denominator: Weighted average common shares–diluted (in shares)	18,334,000	18,243,000	17,481,000	17,439,000
Diluted net income per common share (in dollars per share)	$ 0.40	$ 0.20	$ 0.11	$ 0.06

Basic and Diluted Net Income _4

Basic and Diluted Net Income per Share - Narrative (Details) - shares shares in Thousands	3 Months Ended	9 Months Ended
	Jul. 31, 2021	Jul. 31, 2021
Restricted Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	147	146

Related Party Transactions (Det

Related Party Transactions (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Jul. 31, 2022 USD ($) shares	Jul. 31, 2021 USD ($)	Jul. 31, 2022 USD ($) shares	Jul. 31, 2021 USD ($)	Oct. 31, 2013 USD ($) a	Oct. 31, 2021 USD ($)
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	$ 220,000	$ 204,000	$ 650,000	$ 608,000
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	494,000		494,000			432,000
Payables to related parties	54,000		54,000			40,000
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Dividends Paid	0	0	0	0
Mutual water companies | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0	0	0
Agribusiness Expense and Other	481,000	274,000	975,000	879,000
Cooperative association | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	0		0			0
Payables to related parties	18,000		18,000			19,000
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Dividends Paid	0	0	0	0
Cooperative association | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0	0	0
Agribusiness Expense and Other	585,000	652,000	1,369,000	1,178,000
Calavo | Beneficial Owner
Consolidated Statement of Operations
Net Revenue Rental Operations	0	80,000	80,000	237,000
Dividends Paid	0	126,000	126,000	377,000
Calavo | Beneficial Owner | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	4,036,000	0	6,589,000
Agribusiness Expense and Other	0	408,000	2,000	688,000
Cadiz / Fenner / WAM | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	1,308,000		1,308,000			1,386,000
Payables to related parties	572,000		572,000			273,000
Other Long-Term Liabilities	1,219,000		1,219,000			1,297,000
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Dividends Paid	0	0	0	0
Area of land (in acres) | a					670
Annual base rental per planted acre					$ 200
Percent of gross revenues paid as annual base rental					20%
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	895,000	36,000	2,084,000	271,000
Colorado River Growers | Affiliated Entity
Consolidated Statement of Operations
Net Revenue Rental Operations			0	0
Dividends Paid			0	0
Colorado River Growers | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness			0	157,000
Agribusiness Expense and Other			0	2,772,000
YMIDD | Affiliated Entity
Consolidated Statement of Operations
Net Revenue Rental Operations			0	0
Dividends Paid			0	0
YMIDD | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness			0	0
Agribusiness Expense and Other			76,000	62,000
FGF | Co-venturer
Balance Sheet
Receivable/Other from Related Parties	3,380,000		3,380,000			4,598,000
Other Assets	2,653,000		2,653,000			980,000
Payables to related parties	832,000		832,000			832,000
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	86,000	0	257,000	0
Dividends Paid	0	0	0	0
FGF | Co-venturer | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	83,000	710,000	248,000	3,265,000
Agribusiness Expense and Other	2,000	1,761,000	2,000	2,989,000
LLCB | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	0		0			0
Payables to related parties	5,771,000		5,771,000			5,771,000
Other Long-Term Liabilities	0		0			0
Freska | Beneficial Owner
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Dividends Paid	0	0	0	0
Freska | Beneficial Owner | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	23,000	0	119,000
Agribusiness Expense and Other	0	0	0	142,000
Third-party growers | Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	0		0			0
Payables to related parties	0		0			41,000
Other Long-Term Liabilities	0		0			$ 0
Consolidated Statement of Operations
Net Revenue Agribusiness				0
Net Revenue Rental Operations	0	0	0	0
Dividends Paid	0	0	0	0
Third-party growers | Affiliated Entity | Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0	104,000
Agribusiness Expense and Other	$ 0	$ 16,000	$ 12,000	$ 132,000

Retirement Plans - Narrative (D

Retirement Plans - Narrative (Details) - USD ($)	9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
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		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Retirement Benefits [Abstract]
Administrative expenses	$ 180	$ 70	$ 539	$ 208
Interest cost	130	137	390	412
Expected return on plan assets	(128)	(236)	(383)	(708)
Prior service cost	12	11	34	33
Recognized actuarial loss	99	185	298	553
Net periodic benefit cost	$ 293	$ 167	$ 878	$ 498

Stock-based Compensation and _2

Stock-based Compensation and Treasury Stock (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended			9 Months Ended		12 Months Ended
	Feb. 01, 2022	Mar. 31, 2022	Dec. 31, 2021	Jan. 31, 2021	Jul. 31, 2022	Jul. 31, 2021	Oct. 31, 2021
Class of Stock [Line Items]
Authorized amount under share repurchase program							$ 10,000
Shares repurchased (in shares)					0
Management
Class of Stock [Line Items]
Shares exchanged (in shares)					68,080	46,993
Fair value of common stock for the payment of payroll taxes associated with the vesting of shares under stock-based compensation programs					$ 1,086	$ 701
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)			70,000
Common stock per share (in dollars per share)			$ 14.96
Shares issued, shares, share-based payment arrangement, forfeited (in shares)	15,000
Share-based compensation expense					$ 823
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)		46,279		27,815
Share-based compensation expense					$ 627	$ 469

Segment Information - Narrative

Segment Information - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022 USD ($)	Jul. 31, 2021 USD ($)	Jul. 31, 2022 USD ($) segment	Jul. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			4
Number of operating segments | segment			4
Revenues	$ 58,923	$ 49,125	$ 144,947	$ 132,532
Other Agribusiness
Segment Reporting Information [Line Items]
Revenues	4,856	3,046	10,663	8,565
Other Agribusiness | Oranges
Segment Reporting Information [Line Items]
Revenues	3,736	1,981	7,226	4,476
Other Agribusiness | Specialty Citrus and Other Crops
Segment Reporting Information [Line Items]
Revenues	$ 1,120	$ 1,065	$ 3,437	$ 4,089

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Segment Reporting Information [Line Items]
Revenues	$ 58,923	$ 49,125	$ 144,947	$ 132,532
Costs and expenses	45,394	43,314	133,427	124,924
Depreciation and amortization	2,469	2,437	7,432	7,490
Operating income (loss)	11,060	3,374	4,088	118
Eliminations
Segment Reporting Information [Line Items]
Revenues	(9,696)	(7,192)	(25,658)	(23,159)
Costs and expenses	(9,696)	(7,192)	(25,658)	(23,159)
Depreciation and amortization	0	0	0	0
Operating income (loss)	0	0	0	0
Corporate and Other
Segment Reporting Information [Line Items]
Revenues	1,329	1,171	3,901	3,452
Costs and expenses	6,103	4,717	19,665	17,444
Depreciation and amortization	297	343	888	899
Operating income (loss)	(5,071)	(3,889)	(16,652)	(14,891)
Total Agribusiness
Segment Reporting Information [Line Items]
Revenues	57,594	47,954	141,046	129,080
Costs and expenses	39,291	38,597	113,762	107,480
Depreciation and amortization	2,172	2,094	6,544	6,591
Operating income (loss)	16,131	7,263	20,740	15,009
Total Agribusiness | Operating Segments
Segment Reporting Information [Line Items]
Revenues	57,594	47,954	141,046	129,080
Fresh Lemons
Segment Reporting Information [Line Items]
Revenues	33,823	36,295	94,415	98,195
Costs and expenses	32,600	31,846	91,983	89,982
Depreciation and amortization	0	0	0	0
Operating income (loss)	1,223	4,449	2,432	8,213
Fresh Lemons | Eliminations
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Fresh Lemons | Operating Segments
Segment Reporting Information [Line Items]
Revenues	33,823	36,295	94,415	98,195
Lemon Packing
Segment Reporting Information [Line Items]
Revenues	6,337	4,540	19,048	15,540
Costs and expenses	11,953	9,279	34,171	29,684
Depreciation and amortization	0	0	0	0
Operating income (loss)	4,080	2,453	10,535	9,015
Lemon Packing | Eliminations
Segment Reporting Information [Line Items]
Revenues	(9,696)	(7,192)	(25,658)	(23,159)
Lemon Packing | Operating Segments
Segment Reporting Information [Line Items]
Revenues	16,033	11,732	44,706	38,699
Avocados
Segment Reporting Information [Line Items]
Revenues	12,578	4,073	16,920	6,780
Costs and expenses	3,154	2,708	5,548	4,141
Depreciation and amortization	0	0	0	0
Operating income (loss)	9,424	1,365	11,372	2,639
Avocados | Operating Segments
Segment Reporting Information [Line Items]
Revenues	12,578	4,073	16,920	6,780
Other Agribusiness
Segment Reporting Information [Line Items]
Revenues	4,856	3,046	10,663	8,565
Costs and expenses	1,280	1,956	7,718	6,832
Depreciation and amortization	0	0	0	0
Operating income (loss)	3,576	1,090	2,945	1,733
Other Agribusiness | Operating Segments
Segment Reporting Information [Line Items]
Revenues	$ 4,856	$ 3,046	$ 10,663	$ 8,565