Limoneira (LMNR) 10-Q 7 Sep 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Jul. 31, 2023	Aug. 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2023
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, par value $0.01
Trading Symbol	LMNR
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		17,978,910
Amendment Flag	false
Document Fiscal Year Focus	2023
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, 2023	Oct. 31, 2022
Current assets:
Cash	$ 11,007	$ 857
Accounts receivable, net	18,067	15,651
Cultural costs	2,618	8,643
Prepaid expenses and other current assets	6,117	8,496
Receivables/other from related parties	5,229	3,888
Total current assets	43,038	37,535
Property, plant and equipment, net	162,836	222,628
Real estate development	9,967	9,706
Equity in investments	73,425	72,855
Goodwill	1,524	1,506
Intangible assets, net	6,996	7,317
Other assets	14,887	16,971
Total assets	312,673	368,518
Current liabilities:
Accounts payable	8,985	10,663
Growers and suppliers payable	7,604	10,740
Accrued liabilities	8,392	11,060
Payables to related parties	4,704	4,860
Income taxes payable	7,175	219
Current portion of long-term debt	435	1,732
Total current liabilities	37,295	39,274
Long-term liabilities:
Long-term debt, less current portion	40,735	104,076
Deferred income taxes	22,363	23,497
Other long-term liabilities	6,079	9,807
Total liabilities	106,472	176,654
Commitments and contingencies	0	0
Stockholders' equity:
Common Stock – $0.01 par value (39,000,000 shares authorized: 18,229,887 and 17,935,292 shares issued and 17,978,910 and 17,684,315 shares outstanding at July 31, 2023 and October 31, 2022, respectively)	180	177
Additional paid-in capital	167,925	165,169
Retained earnings	23,945	15,500
Accumulated other comprehensive loss	(4,496)	(7,908)
Treasury stock, at cost, 250,977 shares at July 31, 2023 and October 31, 2022	(3,493)	(3,493)
Noncontrolling interest	11,330	11,609
Total stockholders' equity	195,391	181,054
Total liabilities, convertible preferred stock and stockholders' equity	312,673	368,518
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, 2023 and October 31, 2022)	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	9 Months Ended	12 Months Ended
	Jul. 31, 2023	Oct. 31, 2022
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	39,000,000	39,000,000
Common stock, shares issued	18,229,887	17,935,292
Common stock, shares outstanding	17,978,910	17,684,315
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	50,000	50,000
Preferred stock, shares issued	14,790	14,790
Preferred stock, shares outstanding	14,790	14,790
Preferred stock coupon rate	8.75%	8.75%
Series B-2 Preferred
Preferred stock, par value (in dollars per share)	$ 100	$ 100
Preferred stock, shares authorized	10,000	10,000
Preferred stock, shares issued	9,300	9,300
Preferred stock, shares outstanding	9,300	9,300
Preferred stock coupon rate	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	20,000	20,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Net revenues:
Agribusiness	$ 51,092	$ 57,594	$ 134,296	$ 141,046
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]	Agribusiness	Agribusiness
Other operations	$ 1,405	$ 1,329	4,172	3,901
Total net revenues	52,497	58,923	138,468	144,947
Costs and expenses:
Agribusiness	$ 46,845	$ 41,463	126,275	120,306
Cost, Product and Service [Extensible List]	Agribusiness	Agribusiness
Other operations	$ 1,034	$ 1,127	3,281	3,294
Loss (gain) on disposal of assets, net	1,545	242	(29,199)	503
Gain on legal settlement	0	0	(2,269)	0
Selling, general and administrative	4,622	5,031	19,907	16,756
Total costs and expenses	54,046	47,863	117,995	140,859
Operating (loss) income	(1,549)	11,060	20,473	4,088
Other (expense) income:
Interest income	178	6	248	54
Interest expense, net of patronage dividends	(241)	(772)	(417)	(1,253)
Equity in earnings of investments, net	199	331	514	681
Other (expense) income, net	(215)	13	(2,627)	106
Total other expense	(79)	(422)	(2,282)	(412)
(Loss) income before income tax benefit (provision)	(1,628)	10,638	18,191	3,676
Income tax benefit (provision)	378	(3,313)	(5,537)	(1,385)
Net (loss) income	(1,250)	7,325	12,654	2,291
Net loss attributable to noncontrolling interest	87	52	201	129
Net (loss) income attributable to Limoneira Company	(1,163)	7,377	12,855	2,420
Preferred dividends	(125)	(125)	(376)	(376)
Net (loss) income applicable to common stock	$ (1,288)	$ 7,252	$ 12,479	$ 2,044
Basic net (loss) income per common share (in dollars per share)	$ (0.07)	$ 0.41	$ 0.70	$ 0.11
Diluted net (loss) income per common share (in dollars per share)	$ (0.07)	$ 0.40	$ 0.69	$ 0.11
Weighted-average common shares outstanding-basic (in shares)	17,621	17,529	17,597	17,481
Weighted-average common shares outstanding-diluted (in shares)	17,621	18,334	18,381	17,481

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (1,250)	$ 7,325	$ 12,654	$ 2,291
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(485)	(828)	1,688	(1,779)
Minimum pension liability adjustments, net of tax of $0, $27, $(135) and $81 for the three and nine months ended July 31, 2023 and 2022, respectively	0	72	(220)	217
Pension settlement cost, net of tax of $0 and $756 for the three and nine months ended July 31, 2023	0	0	1,944	0
Total other comprehensive (loss) income, net of tax	(485)	(756)	3,412	(1,562)
Comprehensive (loss) income	(1,735)	6,569	16,066	729
Comprehensive loss attributable to noncontrolling interest	87	80	201	161
Comprehensive (loss) income attributable to Limoneira Company	$ (1,648)	$ 6,649	$ 16,267	$ 890

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Statement of Other Comprehensive Income [Abstract]
Minimum pension liability adjustment, tax	$ 0	$ 27	$ (135)	$ 81
Pension settlement cost, tax	$ 0		$ 756

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY (UNAUDITED) - 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, 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 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 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 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 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
Beginning balance (in shares) at Oct. 31, 2022				17,684,315
Beginning balance at Oct. 31, 2022	181,054			$ 177	165,169	15,500			(7,908)	(3,493)	11,609
Stockholders' Equity
Dividends Common	(1,337)					(1,337)
Dividends preferred		(32)	(93)				(32)	(93)
Stock compensation (in shares)				146,289
Stock compensation	1,064			$ 1	1,063
Noncontrolling interest adjustment	(78)										(78)
Net loss	15,534					15,631					(97)
Other comprehensive income (loss), net of tax	3,947								3,947
Ending balance (in shares) at Jan. 31, 2023				17,830,604
Ending balance at Jan. 31, 2023	200,059			$ 178	166,232	29,669			(3,961)	(3,493)	11,434
Beginning balance, temporary equity at Oct. 31, 2022		1,479	9,331
Ending balance, temporary equity at Jan. 31, 2023		1,479	9,331
Beginning balance (in shares) at Oct. 31, 2022				17,684,315
Beginning balance at Oct. 31, 2022	181,054			$ 177	165,169	15,500			(7,908)	(3,493)	11,609
Stockholders' Equity
Net loss	12,654
Ending balance (in shares) at Jul. 31, 2023				17,978,910
Ending balance at Jul. 31, 2023	195,391			$ 180	167,925	23,945			(4,496)	(3,493)	11,330
Beginning balance, temporary equity at Oct. 31, 2022		1,479	9,331
Ending balance, temporary equity at Jul. 31, 2023		1,479	9,331
Beginning balance (in shares) at Jan. 31, 2023				17,830,604
Beginning balance at Jan. 31, 2023	200,059			$ 178	166,232	29,669			(3,961)	(3,493)	11,434
Stockholders' Equity
Dividends Common	(1,348)					(1,348)
Dividends preferred		(33)	(93)				(33)	(93)
Stock compensation (in shares)				149,900
Stock compensation	965			$ 2	963
Exchange of common stock (in shares)				(1,594)
Exchange of common stock	(26)				(26)
Net loss	(1,630)					(1,613)					(17)
Other comprehensive income (loss), net of tax	(50)								(50)
Ending balance (in shares) at Apr. 30, 2023				17,978,910
Ending balance at Apr. 30, 2023	197,844			$ 180	167,169	26,582			(4,011)	(3,493)	11,417
Beginning balance, temporary equity at Jan. 31, 2023		1,479	9,331
Ending balance, temporary equity at Apr. 30, 2023		1,479	9,331
Stockholders' Equity
Dividends Common	(1,349)					(1,349)
Dividends preferred		(32)	(93)				$ (32)	$ (93)
Stock compensation	756				756
Net loss	(1,250)					(1,163)					(87)
Other comprehensive income (loss), net of tax	(485)								(485)
Ending balance (in shares) at Jul. 31, 2023				17,978,910
Ending balance at Jul. 31, 2023	$ 195,391			$ 180	$ 167,925	$ 23,945			$ (4,496)	$ (3,493)	$ 11,330
Ending balance, temporary equity at Jul. 31, 2023		$ 1,479	$ 9,331

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY (UNAUDITED) (Parenthetical) - $ / shares	3 Months Ended
	Jul. 31, 2023	Apr. 30, 2023	Jan. 31, 2023	Jul. 31, 2022	Apr. 30, 2022	Jan. 31, 2022
Dividends Common	$ 0.075	$ 0.075	$ 0.075	$ 0.075	$ 0.075	$ 0.075
Series B Preferred
Dividends Preferred	2.19	2.19	2.19	2.19	2.19	2.19
Series B-2 Preferred
Dividends Preferred	$ 10	$ 10	$ 10	$ 10	$ 10	$ 10

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Jul. 31, 2023	Jan. 31, 2023	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Oct. 31, 2022
Operating activities
Net income	$ (1,250)	$ 15,534	$ 7,325	$ (6,606)	$ 12,654	$ 2,291
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	2,019		2,469		6,510	7,432
(Gain) loss on disposal of assets, net					(29,199)	503
Gain on legal settlement					(853)	0
Stock compensation expense					2,785	1,993
Non-cash lease expense					1,226	323
Equity in earnings of investments, net	(199)		(331)		(514)	(681)
Cash distributions from equity investments					220	132
Deferred income taxes					5,537	1,385
Other, net					161	816
Changes in operating assets and liabilities:
Accounts receivable and receivables/other from related parties					(3,881)	(1,260)
Cultural costs					2,175	1,168
Prepaid expenses and other current assets					(336)	(4,181)
Income taxes payable					(330)	0
Other assets					19	3
Accounts payable and growers and suppliers payable					(4,442)	(424)
Accrued liabilities and payables to related parties					(3,073)	1,612
Other long-term liabilities					(1,247)	(193)
Net cash (used in) provided by operating activities					(12,588)	10,919
Investing activities
Capital expenditures					(8,960)	(7,673)
Net proceeds from sales of assets					98,526	110
Net proceeds from legal settlement					853	0
Net proceeds from sale of real estate development assets					2,577	0
Cash distribution from Trapani Fresh					82	0
Collection on notes receivable					66	2,755
Equity investment contributions					(275)	0
Investments in mutual water companies and water rights					(511)	(494)
Net cash provided by (used in) investing activities					92,358	(5,302)
Financing activities
Borrowings of long-term debt					57,940	119,204
Repayments of long-term debt					(122,827)	(119,327)
Proceeds from equipment financings					0	1,020
Principal paid on finance lease and equipment financings					(323)	(271)
Dividends paid – common					(4,034)	(3,978)
Dividends paid – preferred					(376)	(376)
Exchange of common stock					(26)	(1,086)
Net cash used in financing activities					(69,646)	(4,814)
Effect of exchange rate changes on cash					26	(247)
Net increase in cash					10,150	556
Cash at beginning of period		$ 857		$ 439	857	439	$ 439
Cash at end of period	$ 11,007		$ 995		11,007	995	$ 857
Supplemental disclosures of cash flow information
Cash paid during the period for interest (net of amounts capitalized)					592	1,108
Cash paid during the period for income taxes					330	0
Non-cash investing and financing activities:
Capital expenditures accrued but not paid at period-end					$ 0	$ 359

Organization and Basis of Prese

Organization and Basis of Presentation	9 Months Ended
	Jul. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	Organization and Basis of PresentationBusiness 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., an agricultural marketing cooperative, and sells a portion of its oranges, specialty citrus and other crops to Sunkist-licensed and other third-party packinghouses. 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, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Comprehensive (Loss) Income Comprehensive (loss) income represents all changes in a company’s net assets, except changes resulting from transactions with stockholders. Other comprehensive income or loss 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 by component (in thousands): Three Months Ended July 31, 2023 2022 Pre-tax Amount Tax Expense Net Amount Pre-tax Amount Tax Expense Net Amount Foreign currency translation adjustments $ (485) $ — $ (485) $ (828) $ — $ (828) Minimum pension liability adjustments: Other comprehensive income before reclassifications — — — 99 (27) 72 Other comprehensive loss $ (485) $ — $ (485) $ (729) $ (27) $ (756) Nine Months Ended July 31, 2023 2022 Pre-tax Amount Tax Benefit (Expense) Net Amount Pre-tax Amount Tax Expense Net Amount Foreign currency translation adjustments $ 1,688 $ — $ 1,688 $ (1,779) $ — $ (1,779) Minimum pension liability adjustments: Other comprehensive (loss) income before reclassifications (355) 135 (220) 298 (81) 217 Amounts reclassified to earnings included in "Other income (expense), net" 2,700 (756) 1,944 — — — Other comprehensive income (loss) $ 4,033 $ (621) $ 3,412 $ (1,481) $ (81) $ (1,562) The following table summarizes the changes in accumulated other comprehensive loss by component (in thousands): Foreign Currency Translation (Loss) Gain Defined Benefit Pension Plan Accumulated Other Comprehensive Loss Balance at October 31, 2022 $ (6,184) $ (1,724) $ (7,908) Other comprehensive income 1,688 1,724 3,412 Balance at July 31, 2023 $ (4,496) $ — $ (4,496) 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) Concentrations Concentrations of credit risk with respect to revenues and accounts receivable are limited due to a large, diverse customer base. One individual customer represented 12% of revenue for the nine months ended July 31, 2023. No individual customer represented more than 10% of accounts receivable, net as of July 31, 2023. No individual supplier represented 10% of accounts payable as of July 31, 2023. Lemons procured from third-party growers were 53% and 51% of the Company's lemon supply for the nine months ended July 31, 2023 and 2022, respectively. One third-party grower was 11% of the lemon supply for the nine months ended July 31, 2023.

Asset Sales and Disposals

Asset Sales and Disposals	9 Months Ended
	Jul. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Asset Sales and Disposals	Asset Sales and Disposals Northern Properties In October 2022, the Company entered into a Purchase and Sale Agreement, as amended, (the “Agreement”) with PGIM Real Estate Finance, LLC (“PGIM”) to sell 3,537 acres of land and citrus orchards in Tulare County, California (the “Northern Properties”) for a purchase price of approximately $100,405,000. On January 25, 2023, the Board approved the Agreement creating a binding agreement of the Company to sell the Northern Properties and the transaction closed on January 31, 2023. During the quarter ended April 30, 2023, the purchase price was decreased by $397,000 for reimbursement of certain cultural costs and prepaid expenses, resulting in a final purchase price of $100,008,000. The following is a summary of the transaction (in thousands): Net cash proceeds received $ 85,494 Debt directly repaid through the transaction 12,917 Total net proceeds received 98,411 Less: net book value of assets sold Cultural costs 3,853 Prepaid expenses and other current assets 155 Property, plant and equipment, net 53,144 Intangible assets, net 12 Other assets 1,320 Accrued liabilities (68) 58,416 Gain on disposal of assets $ 39,995 On January 31, 2023, the Company entered into a Farm Management Agreement (“FMA”) with an affiliate of PGIM to provide farming, management and operations services related to the Northern Properties. The FMA has an initial term expiring March 31, 2024, and thereafter continuing from year to year unless earlier terminated under the terms of the FMA. Further, on January 31, 2023, the Company entered into a Grower Packing and Marketing Agreement to provide packing, marketing and selling services for lemons harvested on the Northern Properties for a minimum five-year term, subject to certain benchmarking standards. Cadiz Ranch In April 2023, the Company determined that citrus farming operations were economically unviable on 670 acres of leased agricultural land at the Cadiz Ranch. As a result, the Company ceased farming operations, disposed of the related property, plant and equipment and recorded a loss on disposal of assets of $9,012,000 during the nine months ended July 31, 2023.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	9 Months Ended
	Jul. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current AssetsPrepaid expenses and other current assets consist of the following (in thousands): July 31, 2023 October 31, 2022 Prepaid supplies and insurance $ 2,753 $ 2,958 Real estate development held for sale — 2,670 Sales tax receivable 472 475 Lemon supplier advances 1,907 1,188 Other 985 1,205 $ 6,117 $ 8,496

Real Estate Development

Real Estate Development	9 Months Ended
	Jul. 31, 2023
Real Estate [Abstract]
Real Estate Development	Real Estate DevelopmentReal estate development assets are comprised primarily of land and land development costs for the East Area II property in the amount of $9,967,000 and $9,706,000 at July 31, 2023 and October 31, 2022, respectively. 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 to Lewis for $20,000,000. 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. Effective as of February 22, 2023, the Loan maturity date was extended to February 22, 2024, and the maximum borrowing amount was reduced to $35,000,000. As of February 1, 2023, the interest rate on the Loan transitioned from the London Interbank Offered Rate (“LIBOR”) to the Bloomberg Short-Term Bank Yield Index rate (“BSBY”) 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 $15,000,000 as of July 31, 2023. 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. 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 closed in November 2022. After transaction and other costs, the Company received cash proceeds of approximately $2,577,000 and recorded an immaterial loss on disposal of assets during the nine months ended July 31, 2023.

Equity in Investments

Equity in Investments	9 Months Ended
	Jul. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Equity in Investments	Equity in Investments Equity in investments consist of the following (in thousands): July 31, 2023 October 31, 2022 Limoneira Lewis Community Builders, LLC $ 61,605 $ 61,154 LLCB II, LLC 8,297 8,023 Limco Del Mar, Ltd. 1,839 2,024 Rosales 1,182 1,147 Romney Property Partnership 502 507 $ 73,425 $ 72,855 Net amounts due from Rosales were $2,348,000 and $270,000 at July 31, 2023 and October 31, 2022, respectively, and are included in receivables/other from 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 periods for the nine months ended July 31, 2023 and 2022, this threshold was not met for any of the Company's equity investments.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	9 Months Ended
	Jul. 31, 2023
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, 2022 $ 1,506 Foreign currency translation adjustment 18 Balance at July 31, 2023 $ 1,524 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, 2023. Intangible assets consist of the following (in thousands): July 31, 2023 October 31, 2022 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 (1,053) 1,055 8 $ 2,108 $ (881) $ 1,227 8 Customer relationships 4,037 (1,998) 2,039 9 4,037 (1,660) 2,377 9 Non-competition agreement 437 (119) 318 8 437 (76) 361 8 Acquired water and mineral rights 3,584 — 3,584 Indefinite 3,352 — 3,352 Indefinite $ 10,166 $ (3,170) $ 6,996 $ 9,934 $ (2,617) $ 7,317 Amortization expense totaled $178,000 and $182,000 for the three months ended July 31, 2023 and 2022, respectively. Amortization expense totaled $553,000 and $543,000 for the nine months ended July 31, 2023 and 2022 respectively. Estimated future amortization expense of intangible assets as of July 31, 2023 is as follows (in thousands): 2023 (remaining three months) $ 176 2024 711 2025 711 2026 711 2027 427 Thereafter 676 $ 3,412

Other Assets

Other Assets	9 Months Ended
	Jul. 31, 2023
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. In January 2023, the Company sold an investment in a mutual water company with a net book value of $1,320,000 as part of the Northern Properties sale described in Note 3 - Asset Sales and Disposals. Amounts included in other assets in the consolidated balance sheets as of July 31, 2023 and October 31, 2022 were $5,691,000 and $6,500,000, respectively.

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Jul. 31, 2023
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accrued Liabilities	Accrued LiabilitiesAccrued liabilities consist of the following (in thousands): July 31, 2023 October 31, 2022 Compensation $ 1,886 $ 3,572 Property taxes 370 664 Operating expenses 2,548 2,341 Leases 2,233 2,026 Other 1,355 2,457 $ 8,392 $ 11,060

Long-Term Debt

Long-Term Debt	9 Months Ended
	Jul. 31, 2023
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term DebtLong-term debt is comprised of the following (in thousands): July 31, 2023 October 31, 2022 AgWest Farm Credit revolving and non-revolving lines of credit: the interest rate of the revolving line of credit is variable based on the one-month Secured Overnight Financing Rate (“SOFR”), which was 5.11% at July 31, 2023, plus 1.78%. The interest rate for the $40.0 million outstanding balance of the non-revolving line of credit is fixed at 3.57% through July 1, 2025 and variable thereafter. Interest is payable monthly and the principal is due in full on July 1, 2026. $ 40,000 $ 88,521 AgWest Farm Credit term loan: The interest rate was fixed at 3.24%. The loan was repaid in January 2023. — 919 AgWest Farm Credit term loan: The interest rate was fixed at 3.24%. The loan was repaid in January 2023. — 7,562 AgWest Farm Credit term loan: The interest rate was fixed at 2.77% until July 1, 2025, becoming variable for the remainder of the loan. The loan was repaid in January 2023. — 5,555 AgWest Farm Credit term loan: The interest rate was fixed at 3.19%. The loan was repaid in January 2023. — 2,003 Banco de Chile term loan: The interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 633 675 Banco de Chile COVID-19 loans: The interest rates are fixed at 3.48%. The loans are payable in monthly installments through September 2024. 158 233 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. 379 434 Subtotal 41,170 105,902 Less deferred financing costs, net of accumulated amortization — 94 Total long-term debt, net 41,170 105,808 Less current portion 435 1,732 Long-term debt, less current portion $ 40,735 $ 104,076 The Company entered into a Master Loan Agreement (the “MLA”) with AgWest Farm Credit, formerly known as Farm Credit West, (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 featured a 3-year draw period followed by 20 years of fully amortized loan payments. On March 31, 2023, the draw period expired and the RELOC was closed as there was no balance outstanding. The Supplements provide aggregate borrowing capacity of $115,000,000 comprised of $75,000,000 under the Revolving Credit Supplement, and $40,000,000 under the Non-Revolving Credit Supplement. As of July 31, 2023, the Company's outstanding borrowings under the Supplements were $40,000,000 and it had $75,000,000 available to borrow. In January 2023, the Company used the proceeds from the Northern Properties sale as described in Note 3 - Asset Sales and Disposals to reduce the Company's long-term debt. 10. Long-Term Debt (continued) The interest rate in effect under the Revolving Credit Supplement automatically adjusts on the first day of each month. The interest rate for any amount outstanding under the Revolving Credit Supplement was based on the one-month LIBOR plus or minus an applicable margin. As of January 1, 2023, the rate transitioned from LIBOR to the SOFR. The applicable margin ranges from 1.78% to 2.28% 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 SOFR-based calculation to a variable interest rate. The Company may prepay any amounts outstanding under the Revolving Credit Supplement without penalty. The interest rate in effect under the Non-Revolving Credit Supplement is 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. All indebtedness under the MLA, 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 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 1.25:1.0 when measured as of October 31, 2023, and annually thereafter. The Company was in compliance with the covenants as of October 31, 2022. In September 2023, the Lender modified the covenant to defer measurement at October 31, 2023 and resume a debt service coverage ratio of 1.25:1.0 measured as of October 31, 2024. In February 2023, the Lender declared an annual cash patronage dividend of 1.25% of average eligible loan balances and the Company received $1,413,000 in the second quarter of fiscal year 2023. In December 2021, the Lender declared an annual cash patronage dividend of 1.25% of average eligible loan balances and the Company received $1,582,000 in February 2022. Interest is capitalized on non-bearing orchards, real estate development projects and significant construction in progress. The Company capitalized interest of $207,000 and $235,000 during the three months ended July 31, 2023 and 2022, respectively and $513,000 and $235,000 during the nine months ended July 31, 2023 and 2022, respectively. Capitalized interest is included in property, plant and equipment and real estate development assets in the Company’s consolidated balance sheets.

Other Long-Term Liabilities

Other Long-Term Liabilities	9 Months Ended
	Jul. 31, 2023
Other Liabilities Disclosure [Abstract]
Other Long-Term Liabilities	Other Long-Term LiabilitiesOther long-term liabilities consist of the following (in thousands): July 31, 2023 October 31, 2022 Minimum pension liability $ — $ 2,272 Loan guarantee 1,080 1,080 Leases 3,775 5,062 Other 1,224 1,393 $ 6,079 $ 9,807

Leases

Leases	9 Months Ended
	Jul. 31, 2023
Leases [Abstract]
Leases	LeasesLessor ArrangementsThe 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 20 years, with various renewal terms available. All of the residential rentals have month-to-month lease termsThe Company's rental operations revenue consists of the following (in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Operating lease revenue $ 1,308 $ 1,265 $ 3,872 $ 3,678 Variable lease revenue 97 64 300 223 Total lease revenue $ 1,405 $ 1,329 $ 4,172 $ 3,901 one Operating lease costs were $522,000 and $137,000 for the three months ended July 31, 2023 and 2022, respectively, and $1,504,000 and $395,000 for the nine months ended July 31, 2023 and 2022, respectively. Finance lease costs were immaterial for the three months ended July 31, 2023 and 2022, and $122,000 and $112,000 for the nine months ended July 31, 2023 and 2022, respectively. Variable lease costs were immaterial for the three and nine months ended July 31, 2023 and 2022. Short term lease costs were $155,000 and immaterial for the three months ended July 31, 2023 and 2022, respectively, and $493,000 and $174,000 for the nine months ended July 31, 2023 and 2022, respectively. Supplemental balance sheet information related to leases consists of the following (in thousands): Classification July 31, 2023 October 31, 2022 Assets Operating lease ROU assets Other assets $ 5,118 $ 6,190 Finance lease assets Other assets 992 1,091 $ 6,110 $ 7,281 Liabilities and Stockholders' Equity Current operating lease liabilities Accrued liabilities and payables to related parties $ 1,965 $ 1,892 Current finance lease liabilities Accrued liabilities 268 268 Non-current operating lease liabilities Other long-term liabilities 3,239 4,347 Non-current finance lease liabilities Other long-term liabilities 536 715 $ 6,008 $ 7,222 Nine Months Ended 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 1,459 $ 442 Operating cash outflows from finance leases $ 23 $ 26 Financing cash outflows from finance leases $ 178 $ 161 ROU assets obtained in exchange for new operating lease liabilities $ 138 $ 355
Leases	LeasesLessor ArrangementsThe 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 20 years, with various renewal terms available. All of the residential rentals have month-to-month lease termsThe Company's rental operations revenue consists of the following (in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Operating lease revenue $ 1,308 $ 1,265 $ 3,872 $ 3,678 Variable lease revenue 97 64 300 223 Total lease revenue $ 1,405 $ 1,329 $ 4,172 $ 3,901 one Operating lease costs were $522,000 and $137,000 for the three months ended July 31, 2023 and 2022, respectively, and $1,504,000 and $395,000 for the nine months ended July 31, 2023 and 2022, respectively. Finance lease costs were immaterial for the three months ended July 31, 2023 and 2022, and $122,000 and $112,000 for the nine months ended July 31, 2023 and 2022, respectively. Variable lease costs were immaterial for the three and nine months ended July 31, 2023 and 2022. Short term lease costs were $155,000 and immaterial for the three months ended July 31, 2023 and 2022, respectively, and $493,000 and $174,000 for the nine months ended July 31, 2023 and 2022, respectively. Supplemental balance sheet information related to leases consists of the following (in thousands): Classification July 31, 2023 October 31, 2022 Assets Operating lease ROU assets Other assets $ 5,118 $ 6,190 Finance lease assets Other assets 992 1,091 $ 6,110 $ 7,281 Liabilities and Stockholders' Equity Current operating lease liabilities Accrued liabilities and payables to related parties $ 1,965 $ 1,892 Current finance lease liabilities Accrued liabilities 268 268 Non-current operating lease liabilities Other long-term liabilities 3,239 4,347 Non-current finance lease liabilities Other long-term liabilities 536 715 $ 6,008 $ 7,222 Nine Months Ended 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 1,459 $ 442 Operating cash outflows from finance leases $ 23 $ 26 Financing cash outflows from finance leases $ 178 $ 161 ROU assets obtained in exchange for new operating lease liabilities $ 138 $ 355

Basic and Diluted Net (Loss) In

Basic and Diluted Net (Loss) Income Per Share	9 Months Ended
	Jul. 31, 2023
Earnings Per Share [Abstract]
Basic and Diluted Net (Loss) Income Per Share	Basic and Diluted Net (Loss) Income Per ShareBasic net (loss) income per common share is calculated using the weighted-average number of common shares outstanding during the period without consideration of the dilutive effect of conversion of preferred stock. Diluted net (loss) income per common share is calculated using the weighted-average number of common shares outstanding during the period plus the dilutive effect of unvested, restricted stock and conversion of preferred stock. The computations for basic and diluted net (loss) income per common share are as follows (in thousands, except per share data): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Basic net (loss) income per common share: Net (loss) income applicable to common stock $ (1,288) $ 7,252 $ 12,479 $ 2,044 Effect of unvested, restricted stock (27) (79) (194) (42) Numerator: Net (loss) income for basic EPS (1,315) 7,173 12,285 2,002 Denominator: Weighted average common shares-basic 17,621 17,529 17,597 17,481 Basic net (loss) income per common share $ (0.07) $ 0.41 $ 0.70 $ 0.11 Diluted net (loss) income per common share: Net (loss) income for basic EPS $ (1,315) $ 7,173 $ 12,285 $ 2,002 Effect of dilutive preferred stock — 125 376 — Numerator: Net (loss) income for diluted EPS (1,315) 7,298 12,661 2,002 Weighted average common shares–basic 17,621 17,529 17,597 17,481 Effect of dilutive preferred stock — 805 784 — Denominator: Weighted average common shares–diluted 17,621 18,334 18,381 17,481 Diluted net (loss) income per common share $ (0.07) $ 0.40 $ 0.69 $ 0.11

Related Party Transactions

Related Party Transactions	9 Months Ended
	Jul. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related-Party TransactionsThe 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, 2023 October 31, 2022 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 $ — $ 511 $ 261 $ — $ — $ 506 $ 133 $ — 5 Cadiz / Fenner / WAM $ — $ 1,226 $ 162 $ 1,137 $ — $ 1,288 $ 446 $ 1,198 8 FGF $ 2,815 $ 2,586 $ 837 $ — $ 2,965 $ 2,652 $ 837 $ — 9 LLCB $ 66 $ — $ 3,444 $ — $ 66 $ — $ 3,444 $ — Three Months Ended July 31, 2023 Three Months Ended July 31, 2022 Consolidated Statement of Operations Consolidated Statement of Operations Ref Related-Party Net Revenue Agribusiness Net Revenue Other Operations Agribusiness Expense and Other Dividends Paid Net Revenue Agribusiness Net Revenue Other Operations Agribusiness Expense and Other Dividends Paid 1 Employees $ — $ 222 $ — $ — $ — $ 220 $ — $ — 2 Mutual water companies $ — $ — $ 201 $ — $ — $ — $ 481 $ — 3 Cooperative association $ — $ — $ 412 $ — $ — $ — $ 585 $ — 5 Cadiz / Fenner / WAM $ — $ — $ 359 $ — $ — $ — $ 895 $ — 7 YMIDD $ 135 $ — $ 70 $ — $ — $ — $ — $ — 8 FGF $ 132 $ 50 $ — $ — $ 83 $ 86 $ 2 $ — 12 Principal owner $ — $ — $ — $ 446 $ — $ — $ — $ — Nine Months Ended July 31, 2023 Nine Months Ended July 31, 2022 Consolidated Statement of Operations Consolidated Statement of Operations Ref Related-Party Net Revenue Agribusiness Net Revenue Other Operations Agribusiness Expense and Other Dividends Paid Net Revenue Agribusiness Net Revenue Other Operations Agribusiness Expense and Other Dividends Paid 1 Employees $ — $ 666 $ — $ — $ — $ 650 $ — $ — 2 Mutual water companies $ — $ — $ 979 $ — $ — $ — $ 975 $ — 3 Cooperative association $ — $ — $ 1,278 $ — $ — $ — $ 1,369 $ — 4 Calavo $ — $ — $ — $ — $ — $ 80 $ 2 $ 126 5 Cadiz / Fenner / WAM $ — $ — $ 1,914 $ — $ — $ — $ 2,084 $ — 7 YMIDD $ 405 $ — $ 142 $ — $ — $ — $ 76 $ — 8 FGF $ 248 $ 174 $ — $ — $ 248 $ 257 $ 2 $ — 11 Third-party growers $ — $ — $ — $ — $ 104 $ — $ 12 $ — 12 Principal owner $ — $ — $ — $ 656 $ — $ — $ — $ — (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, 2023 and October 31, 2022. (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. (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 immaterial payments due to the cooperative association. 14. Related-Party Transactions (continued) (4) Calavo - Through January 2022, the Company had representation on the board of directors of Calavo. Calavo owned common stock of the Company and the Company paid 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 leased 670 acres located in eastern San Bernardino County, California. In 2016, Cadiz assigned this lease to Fenner Valley Farms, LLC (“Fenner”), a subsidiary of Water Asset Management, LLC (“WAM”). As of the date of this lease assignment, the Company no longer has any related-party transactions with Cadiz. An affiliate of WAM is the holder of 9,300 shares of the Company's Series B-2 convertible preferred stock. The annual base rent 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. Upon the adoption of ASC 842, the Company recorded a right-of-use, or ROU, asset and corresponding lease liability. (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 no amounts payable to them for such purchases. Additionally, the Company received fallowing revenue from YMIDD. (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. The Company has 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. The Company leases the Santa Clara ranch to FGF and records rental revenue related to the leased land. (9) LLCB - Refer to Note 5 - Real Estate Development. (11) Third-party growers - A former member of the Company's board of directors marketed lemons through the Company. The former board member resigned effective June 14, 2022 and is no longer a related-party. (12) Principal owner - The Company has one principal owner with ownership shares over 10% and paid dividends to such owner.

Income Taxes

Income Taxes	9 Months Ended
	Jul. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesThe effective tax rate for the nine months ended July 31, 2023 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 executive compensation, and nondeductible tax items. The Company has no material uncertain tax positions as of July 31, 2023. 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, 2023.

Retirement Plans

Retirement Plans	9 Months Ended
	Jul. 31, 2023
Retirement Benefits [Abstract]
Retirement Plans	Retirement Plans The Limoneira Company Retirement Plan (the “Plan”) was a noncontributory, defined benefit, single employer pension plan, which provided retirement benefits for all eligible employees. Benefits paid by the Plan were 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 was administered by Principal Bank and Mercer Human Resource Consulting. In fiscal year 2021, the Company terminated the Plan effective December 31, 2021. During the three months ended January 31, 2023, the Company made funding contributions of $2,550,000 to fully fund and settle the plan obligations. Lump sum payments were made to a portion of the active and vested terminated participants and annuities were purchased for all remaining participants from an insurance company. There are no remaining benefit obligations or plan assets and the remaining accumulated other comprehensive loss was fully recognized. 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. Plan assets were invested in a group trust consisting primarily of pooled funds, mutual funds, cash and cash equivalents. 16. Retirement Plans (continued) The components of net periodic pension cost for the Plan were as follows (in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Administrative expenses $ — $ 180 $ 20 $ 539 Interest cost — 130 34 390 Expected return on plan assets — (128) (17) (383) Prior service cost — 12 4 34 Amortization of net loss — 99 — 298 Settlement loss recognized — — 2,700 — Net periodic benefit cost $ — $ 293 $ 2,741 $ 878

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jul. 31, 2023
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 was 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 claimed unspecified damages, attorneys’ fees and other costs, as a result of the Thomas Fire in fiscal year 2018. On April 18, 2023, the Company entered into a Confidential Settlement Agreement and Release (the “Settlement Agreement”) with Southern California Edison Company and Edison International to formally resolve any and all claims related to the fire. Under the terms of the Settlement Agreement, the Company was awarded a total settlement of $9,000,000. On May 19, 2023, the Company received $6,109,000, net of legal and related costs, of which $3,840,000 was recorded in agribusiness revenues

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Jul. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation	Stock-based Compensation The Company has a stock-based compensation plan (the “Stock Plan”) that allows for the grant of 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 grants are based on a percentage of the employee’s base salary divided by the stock price on the grant date once the performance criteria has been met, and generally vest over a two-year period as service is provided. During December 2022, subsequent to fiscal year 2022, 79,972 shares of restricted stock with a per share price of $13.19 were granted to management under the Stock Plan for fiscal year 2022 performance, resulting in total compensation expense of approximately $1,055,000, with $365,000 recognized in the fiscal year ended October 31, 2022, and the balance will be recognized over the next two years as the shares vest. Executive Awards Certain restricted stock grants are made to key executives under the Stock Plan (“Executive Awards”). These grants generally vest over a three-year period as service is provided. During December 2022, subsequent to fiscal year 2022, the Company granted 55,000 shares of restricted stock with a per share price of $13.19 to key executives under the Stock Plan. The related compensation expense of approximately $725,000 will be recognized equally over the next three years as the shares vest. 18. Stock-based Compensation (continued) In fiscal year 2022, the Company entered into Retention Bonus Agreements with key executives (collectively, the “Retention Bonus Agreements”) whereby the executives will be eligible to receive cash and restricted stock grants. During December 2022, subsequent to fiscal year 2022, the Company granted 11,317 shares of restricted stock with a per share price of $13.19 to key executives related to the Retention Bonus Agreements. The related compensation expense of approximately $149,000 had $122,000 recognized in the fiscal year ended October 31, 2022, and the balance will be recognized over the next year as the shares vest. During March 2023, the Company granted 127,064 shares of restricted stock with a per share price of $15.74 to key executives related to the Retention Bonus Agreements. The related compensation expense of approximately $2,000,000 will be recognized over the next year as the shares vest. Director Awards The Company issues shares of restricted stock to non-employee directors under the Stock Plan on an annual basis that generally vest over a one-year period (“Director Awards”). During March 2023, 22,836 shares of restricted stock were granted with a per share price of $16.26 as Director Awards, which vest over a one-year period from date of grant. The related compensation expense of approximately $371,000 will be recognized equally over the next year as the shares vest. Exchange of Common Stock During the nine months ended July 31, 2023 and 2022, members of management exchanged 1,594 and 68,080 shares of common stock with fair values totaling $26,000 and $1,086,000, respectively, at the dates of the exchanges, for the payment of payroll taxes associated with the vesting of shares under the Stock Plan.

Segment Information

Segment Information	9 Months Ended
	Jul. 31, 2023
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 harvest costs and third-party grower and supplier costs relative to fresh lemons. The lemon packing segment includes packing revenues and shipping and handling revenues relative to lemon packing. The lemon packing segment expenses are comprised of lemon packing costs. The lemon packing segment revenues include intersegment revenues between fresh lemons and lemon packing. The intersegment revenues are included gross in the segment note and a separate line item is shown as an elimination. The avocados segment includes sales, farming and harvest costs. The other agribusiness segment includes sales, farm management, farming and harvest costs and brokered fruit costs of oranges, specialty citrus and other crops. 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, gain on disposal of assets, gain on legal settlement, total other income (expense) and income taxes, or specifically identify them to its operating segments. The lemon packing segment earns packing revenue for packing lemons grown on its orchards and lemons procured from third-party growers. Intersegment revenues represent packing revenues related to lemons grown on the Company’s orchards. Segment information for the three months ended July 31, 2023 is as follows (in thousands): Fresh Lemon Eliminations Avocados Other Total Corporate Total Revenues from external customers $ 33,585 $ 5,472 $ — $ 3,462 $ 8,573 $ 51,092 $ 1,405 $ 52,497 Intersegment revenue — 9,684 (9,684) — — — — — Total net revenues 33,585 15,156 (9,684) 3,462 8,573 51,092 1,405 52,497 Costs and expenses 30,758 13,140 (9,684) 3,030 7,866 45,110 6,917 52,027 Depreciation and amortization — — — — — 1,735 284 2,019 Operating (loss) income $ 2,827 $ 2,016 $ — $ 432 $ 707 $ 4,247 $ (5,796) $ (1,549) Segment information for the three months ended July 31, 2022 is as follows (in thousands): Fresh Lemon Eliminations Avocados 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 nine months ended July 31, 2023 is as follows (in thousands): Fresh Lemon Eliminations Avocados Other Total Corporate Total Revenues from external customers $ 94,913 $ 17,543 $ — $ 7,065 $ 14,775 $ 134,296 $ 4,172 $ 138,468 Intersegment revenue — 27,356 (27,356) — — — — — Total net revenues 94,913 44,899 (27,356) 7,065 14,775 134,296 4,172 138,468 Costs and expenses (gains) 94,035 36,568 (27,356) 4,053 13,365 120,665 (9,180) 111,485 Depreciation and amortization — — — — — 5,610 900 6,510 Operating income $ 878 $ 8,331 $ — $ 3,012 $ 1,410 $ 8,021 $ 12,452 $ 20,473 Fresh Lemon Eliminations Avocados 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 Three Months Ended Nine Months Ended 2023 2022 2023 2022 Oranges $ 1,290 $ 3,736 $ 3,825 $ 7,226 Specialty citrus and other 1,900 1,120 4,163 3,437 Farm management 5,383 — 6,787 — Other agribusiness revenues $ 8,573 $ 4,856 $ 14,775 $ 10,663

Subsequent Events

Subsequent Events	9 Months Ended
	Jul. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsThe Company evaluated events subsequent to July 31, 2023 through the date of this filing, to assess the need for potential recognition or disclosure in this Quarterly Report. Based upon this evaluation, except as described in the notes to 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, 2023
Accounting Policies [Abstract]
Comprehensive (Loss) Income	Comprehensive (loss) income represents all changes in a company’s net assets, except changes resulting from transactions with stockholders. Other comprehensive income or loss 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.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Jul. 31, 2023
Accounting Policies [Abstract]
Schedule of Other Comprehensive (Loss) Income by Component	The following table summarizes other comprehensive loss by component (in thousands): Three Months Ended July 31, 2023 2022 Pre-tax Amount Tax Expense Net Amount Pre-tax Amount Tax Expense Net Amount Foreign currency translation adjustments $ (485) $ — $ (485) $ (828) $ — $ (828) Minimum pension liability adjustments: Other comprehensive income before reclassifications — — — 99 (27) 72 Other comprehensive loss $ (485) $ — $ (485) $ (729) $ (27) $ (756) Nine Months Ended July 31, 2023 2022 Pre-tax Amount Tax Benefit (Expense) Net Amount Pre-tax Amount Tax Expense Net Amount Foreign currency translation adjustments $ 1,688 $ — $ 1,688 $ (1,779) $ — $ (1,779) Minimum pension liability adjustments: Other comprehensive (loss) income before reclassifications (355) 135 (220) 298 (81) 217 Amounts reclassified to earnings included in "Other income (expense), net" 2,700 (756) 1,944 — — — Other comprehensive income (loss) $ 4,033 $ (621) $ 3,412 $ (1,481) $ (81) $ (1,562)
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) Gain Defined Benefit Pension Plan Accumulated Other Comprehensive Loss Balance at October 31, 2022 $ (6,184) $ (1,724) $ (7,908) Other comprehensive income 1,688 1,724 3,412 Balance at July 31, 2023 $ (4,496) $ — $ (4,496) 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)

Asset Sales and Disposals (Tabl

Asset Sales and Disposals (Tables)	9 Months Ended
	Jul. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Asset Sale	The following is a summary of the transaction (in thousands): Net cash proceeds received $ 85,494 Debt directly repaid through the transaction 12,917 Total net proceeds received 98,411 Less: net book value of assets sold Cultural costs 3,853 Prepaid expenses and other current assets 155 Property, plant and equipment, net 53,144 Intangible assets, net 12 Other assets 1,320 Accrued liabilities (68) 58,416 Gain on disposal of assets $ 39,995

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Jul. 31, 2023
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, 2023 October 31, 2022 Prepaid supplies and insurance $ 2,753 $ 2,958 Real estate development held for sale — 2,670 Sales tax receivable 472 475 Lemon supplier advances 1,907 1,188 Other 985 1,205 $ 6,117 $ 8,496

Equity in Investments (Tables)

Equity in Investments (Tables)	9 Months Ended
	Jul. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity in Investments	Equity in investments consist of the following (in thousands): July 31, 2023 October 31, 2022 Limoneira Lewis Community Builders, LLC $ 61,605 $ 61,154 LLCB II, LLC 8,297 8,023 Limco Del Mar, Ltd. 1,839 2,024 Rosales 1,182 1,147 Romney Property Partnership 502 507 $ 73,425 $ 72,855

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	9 Months Ended
	Jul. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of 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, 2022 $ 1,506 Foreign currency translation adjustment 18 Balance at July 31, 2023 $ 1,524
Schedule of Intangible Assets	Intangible assets consist of the following (in thousands): July 31, 2023 October 31, 2022 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 (1,053) 1,055 8 $ 2,108 $ (881) $ 1,227 8 Customer relationships 4,037 (1,998) 2,039 9 4,037 (1,660) 2,377 9 Non-competition agreement 437 (119) 318 8 437 (76) 361 8 Acquired water and mineral rights 3,584 — 3,584 Indefinite 3,352 — 3,352 Indefinite $ 10,166 $ (3,170) $ 6,996 $ 9,934 $ (2,617) $ 7,317
Schedule of Intangible Assets	Intangible assets consist of the following (in thousands): July 31, 2023 October 31, 2022 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 (1,053) 1,055 8 $ 2,108 $ (881) $ 1,227 8 Customer relationships 4,037 (1,998) 2,039 9 4,037 (1,660) 2,377 9 Non-competition agreement 437 (119) 318 8 437 (76) 361 8 Acquired water and mineral rights 3,584 — 3,584 Indefinite 3,352 — 3,352 Indefinite $ 10,166 $ (3,170) $ 6,996 $ 9,934 $ (2,617) $ 7,317
Schedule of Estimated Future Amortization Expense of Intangible Assets	Estimated future amortization expense of intangible assets as of July 31, 2023 is as follows (in thousands): 2023 (remaining three months) $ 176 2024 711 2025 711 2026 711 2027 427 Thereafter 676 $ 3,412

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Jul. 31, 2023
Accounts Payable and Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following (in thousands): July 31, 2023 October 31, 2022 Compensation $ 1,886 $ 3,572 Property taxes 370 664 Operating expenses 2,548 2,341 Leases 2,233 2,026 Other 1,355 2,457 $ 8,392 $ 11,060

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Jul. 31, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt is comprised of the following (in thousands): July 31, 2023 October 31, 2022 AgWest Farm Credit revolving and non-revolving lines of credit: the interest rate of the revolving line of credit is variable based on the one-month Secured Overnight Financing Rate (“SOFR”), which was 5.11% at July 31, 2023, plus 1.78%. The interest rate for the $40.0 million outstanding balance of the non-revolving line of credit is fixed at 3.57% through July 1, 2025 and variable thereafter. Interest is payable monthly and the principal is due in full on July 1, 2026. $ 40,000 $ 88,521 AgWest Farm Credit term loan: The interest rate was fixed at 3.24%. The loan was repaid in January 2023. — 919 AgWest Farm Credit term loan: The interest rate was fixed at 3.24%. The loan was repaid in January 2023. — 7,562 AgWest Farm Credit term loan: The interest rate was fixed at 2.77% until July 1, 2025, becoming variable for the remainder of the loan. The loan was repaid in January 2023. — 5,555 AgWest Farm Credit term loan: The interest rate was fixed at 3.19%. The loan was repaid in January 2023. — 2,003 Banco de Chile term loan: The interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 633 675 Banco de Chile COVID-19 loans: The interest rates are fixed at 3.48%. The loans are payable in monthly installments through September 2024. 158 233 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. 379 434 Subtotal 41,170 105,902 Less deferred financing costs, net of accumulated amortization — 94 Total long-term debt, net 41,170 105,808 Less current portion 435 1,732 Long-term debt, less current portion $ 40,735 $ 104,076

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	9 Months Ended
	Jul. 31, 2023
Other Liabilities Disclosure [Abstract]
Schedule of Other Long-Term Liabilities	Other long-term liabilities consist of the following (in thousands): July 31, 2023 October 31, 2022 Minimum pension liability $ — $ 2,272 Loan guarantee 1,080 1,080 Leases 3,775 5,062 Other 1,224 1,393 $ 6,079 $ 9,807

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jul. 31, 2023
Leases [Abstract]
Schedule of Rental Operations Revenue	The Company's rental operations revenue consists of the following (in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Operating lease revenue $ 1,308 $ 1,265 $ 3,872 $ 3,678 Variable lease revenue 97 64 300 223 Total lease revenue $ 1,405 $ 1,329 $ 4,172 $ 3,901
Schedule of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases consists of the following (in thousands): Classification July 31, 2023 October 31, 2022 Assets Operating lease ROU assets Other assets $ 5,118 $ 6,190 Finance lease assets Other assets 992 1,091 $ 6,110 $ 7,281 Liabilities and Stockholders' Equity Current operating lease liabilities Accrued liabilities and payables to related parties $ 1,965 $ 1,892 Current finance lease liabilities Accrued liabilities 268 268 Non-current operating lease liabilities Other long-term liabilities 3,239 4,347 Non-current finance lease liabilities Other long-term liabilities 536 715 $ 6,008 $ 7,222
Schedule of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases consists of the following (in thousands): Nine Months Ended 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 1,459 $ 442 Operating cash outflows from finance leases $ 23 $ 26 Financing cash outflows from finance leases $ 178 $ 161 ROU assets obtained in exchange for new operating lease liabilities $ 138 $ 355

Basic and Diluted Net (Loss) _2

Basic and Diluted Net (Loss) Income Per Share (Tables)	9 Months Ended
	Jul. 31, 2023
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net (Loss) Income Per Common Share	The computations for basic and diluted net (loss) income per common share are as follows (in thousands, except per share data): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Basic net (loss) income per common share: Net (loss) income applicable to common stock $ (1,288) $ 7,252 $ 12,479 $ 2,044 Effect of unvested, restricted stock (27) (79) (194) (42) Numerator: Net (loss) income for basic EPS (1,315) 7,173 12,285 2,002 Denominator: Weighted average common shares-basic 17,621 17,529 17,597 17,481 Basic net (loss) income per common share $ (0.07) $ 0.41 $ 0.70 $ 0.11 Diluted net (loss) income per common share: Net (loss) income for basic EPS $ (1,315) $ 7,173 $ 12,285 $ 2,002 Effect of dilutive preferred stock — 125 376 — Numerator: Net (loss) income for diluted EPS (1,315) 7,298 12,661 2,002 Weighted average common shares–basic 17,621 17,529 17,597 17,481 Effect of dilutive preferred stock — 805 784 — Denominator: Weighted average common shares–diluted 17,621 18,334 18,381 17,481 Diluted net (loss) income per common share $ (0.07) $ 0.40 $ 0.69 $ 0.11

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Jul. 31, 2023
Related Party Transactions [Abstract]
Schedule 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, 2023 October 31, 2022 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 $ — $ 511 $ 261 $ — $ — $ 506 $ 133 $ — 5 Cadiz / Fenner / WAM $ — $ 1,226 $ 162 $ 1,137 $ — $ 1,288 $ 446 $ 1,198 8 FGF $ 2,815 $ 2,586 $ 837 $ — $ 2,965 $ 2,652 $ 837 $ — 9 LLCB $ 66 $ — $ 3,444 $ — $ 66 $ — $ 3,444 $ — Three Months Ended July 31, 2023 Three Months Ended July 31, 2022 Consolidated Statement of Operations Consolidated Statement of Operations Ref Related-Party Net Revenue Agribusiness Net Revenue Other Operations Agribusiness Expense and Other Dividends Paid Net Revenue Agribusiness Net Revenue Other Operations Agribusiness Expense and Other Dividends Paid 1 Employees $ — $ 222 $ — $ — $ — $ 220 $ — $ — 2 Mutual water companies $ — $ — $ 201 $ — $ — $ — $ 481 $ — 3 Cooperative association $ — $ — $ 412 $ — $ — $ — $ 585 $ — 5 Cadiz / Fenner / WAM $ — $ — $ 359 $ — $ — $ — $ 895 $ — 7 YMIDD $ 135 $ — $ 70 $ — $ — $ — $ — $ — 8 FGF $ 132 $ 50 $ — $ — $ 83 $ 86 $ 2 $ — 12 Principal owner $ — $ — $ — $ 446 $ — $ — $ — $ — Nine Months Ended July 31, 2023 Nine Months Ended July 31, 2022 Consolidated Statement of Operations Consolidated Statement of Operations Ref Related-Party Net Revenue Agribusiness Net Revenue Other Operations Agribusiness Expense and Other Dividends Paid Net Revenue Agribusiness Net Revenue Other Operations Agribusiness Expense and Other Dividends Paid 1 Employees $ — $ 666 $ — $ — $ — $ 650 $ — $ — 2 Mutual water companies $ — $ — $ 979 $ — $ — $ — $ 975 $ — 3 Cooperative association $ — $ — $ 1,278 $ — $ — $ — $ 1,369 $ — 4 Calavo $ — $ — $ — $ — $ — $ 80 $ 2 $ 126 5 Cadiz / Fenner / WAM $ — $ — $ 1,914 $ — $ — $ — $ 2,084 $ — 7 YMIDD $ 405 $ — $ 142 $ — $ — $ — $ 76 $ — 8 FGF $ 248 $ 174 $ — $ — $ 248 $ 257 $ 2 $ — 11 Third-party growers $ — $ — $ — $ — $ 104 $ — $ 12 $ — 12 Principal owner $ — $ — $ — $ 656 $ — $ — $ — $ —

Retirement Plans (Tables)

Retirement Plans (Tables)	9 Months Ended
	Jul. 31, 2023
Retirement Benefits [Abstract]
Schedule of Net Periodic Pension Cost	The components of net periodic pension cost for the Plan were as follows (in thousands): Three Months Ended Nine Months Ended 2023 2022 2023 2022 Administrative expenses $ — $ 180 $ 20 $ 539 Interest cost — 130 34 390 Expected return on plan assets — (128) (17) (383) Prior service cost — 12 4 34 Amortization of net loss — 99 — 298 Settlement loss recognized — — 2,700 — Net periodic benefit cost $ — $ 293 $ 2,741 $ 878

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Jul. 31, 2023
Segment Reporting [Abstract]
Schedule of Segment Information by Segment	Segment information for the three months ended July 31, 2023 is as follows (in thousands): Fresh Lemon Eliminations Avocados Other Total Corporate Total Revenues from external customers $ 33,585 $ 5,472 $ — $ 3,462 $ 8,573 $ 51,092 $ 1,405 $ 52,497 Intersegment revenue — 9,684 (9,684) — — — — — Total net revenues 33,585 15,156 (9,684) 3,462 8,573 51,092 1,405 52,497 Costs and expenses 30,758 13,140 (9,684) 3,030 7,866 45,110 6,917 52,027 Depreciation and amortization — — — — — 1,735 284 2,019 Operating (loss) income $ 2,827 $ 2,016 $ — $ 432 $ 707 $ 4,247 $ (5,796) $ (1,549) Segment information for the three months ended July 31, 2022 is as follows (in thousands): Fresh Lemon Eliminations Avocados 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 nine months ended July 31, 2023 is as follows (in thousands): Fresh Lemon Eliminations Avocados Other Total Corporate Total Revenues from external customers $ 94,913 $ 17,543 $ — $ 7,065 $ 14,775 $ 134,296 $ 4,172 $ 138,468 Intersegment revenue — 27,356 (27,356) — — — — — Total net revenues 94,913 44,899 (27,356) 7,065 14,775 134,296 4,172 138,468 Costs and expenses (gains) 94,035 36,568 (27,356) 4,053 13,365 120,665 (9,180) 111,485 Depreciation and amortization — — — — — 5,610 900 6,510 Operating income $ 878 $ 8,331 $ — $ 3,012 $ 1,410 $ 8,021 $ 12,452 $ 20,473 Fresh Lemon Eliminations Avocados 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 Three Months Ended Nine Months Ended 2023 2022 2023 2022 Oranges $ 1,290 $ 3,736 $ 3,825 $ 7,226 Specialty citrus and other 1,900 1,120 4,163 3,437 Farm management 5,383 — 6,787 — Other agribusiness revenues $ 8,573 $ 4,856 $ 14,775 $ 10,663

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Schedule Other Comprehensive (Loss) Income by Component (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), Pre-tax Amount	$ (485)	$ (729)	$ 4,033	$ (1,481)
Other comprehensive income (loss), Tax Benefit (Expense)	0	(27)	(621)	(81)
Total other comprehensive (loss) income, net of tax	(485)	(756)	3,412	(1,562)
Foreign Currency Translation (Loss) Gain
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss), Pre-tax Amount	(485)	(828)	1,688	(1,779)
Other comprehensive income (loss), Tax Benefit (Expense)	0	0	0	0
Total other comprehensive (loss) income, net of tax	(485)	(828)	1,688	(1,779)
Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total other comprehensive (loss) income, net of tax			1,724	217
Other comprehensive (loss) income before reclassifications, Pre-tax Amount	0	99	(355)	298
Other comprehensive (loss) income before reclassifications, Tax Benefit (Expense)	0	(27)	135	(81)
Other comprehensive (loss) income before reclassifications, Tax Benefit (Expense), Net Amount	$ 0	$ 72	(220)	217
Amounts reclassified to earnings included in "Other income (expense), net", Pre-Tax Amount			2,700	0
Amounts reclassified to earnings included in "Other income (expense), net", Tax Benefit (Expense)			(756)	0
Amounts reclassified to earnings included in "Other income (expense), net", Net Amount			$ 1,944	$ 0

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Accumulated Other Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 197,844	$ 179,976	$ 181,054	$ 188,435
Other comprehensive (loss) income	(485)	(756)	3,412	(1,562)
Ending balance	195,391	185,685	195,391	185,685
Foreign Currency Translation (Loss) Gain
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(6,184)	(3,754)
Other comprehensive (loss) income	(485)	(828)	1,688	(1,779)
Ending balance	(4,496)	(5,533)	(4,496)	(5,533)
Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(1,724)	(1,979)
Other comprehensive (loss) income			1,724	217
Ending balance	0	(1,762)	0	(1,762)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(7,908)	(5,733)
Ending balance	$ (4,496)	$ (7,295)	$ (4,496)	$ (7,295)

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Narrative (Details)	9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Revenue, Product and Service Benchmark | Supplier Concentration Risk | Lemon
Accumulated Other Comprehensive Income (Loss) [Line Items]
Concentration risk percentage	53%	51%
Revenue, Product and Service Benchmark | Supplier Concentration Risk | Lemon | Third-Party Grower One
Accumulated Other Comprehensive Income (Loss) [Line Items]
Concentration risk percentage	11%
First Customer | Revenue Benchmark | Customer Concentration Risk
Accumulated Other Comprehensive Income (Loss) [Line Items]
Concentration risk percentage	12%
First Customer | Accounts Receivable Benchmark | Customer Concentration Risk
Accumulated Other Comprehensive Income (Loss) [Line Items]
Concentration risk percentage	10%
First Customer | Accounts Payable Benchmark | Customer Concentration Risk
Accumulated Other Comprehensive Income (Loss) [Line Items]
Concentration risk percentage	10%

Asset Sales and Disposals - Nar

Asset Sales and Disposals - Narrative (Details) $ in Thousands			1 Months Ended		3 Months Ended		9 Months Ended
	Apr. 30, 2023 USD ($) a	Jan. 31, 2023 USD ($)	Apr. 30, 2023 USD ($) a	Oct. 31, 2022 USD ($) a	Jul. 31, 2023 USD ($)	Jul. 31, 2022 USD ($)	Jul. 31, 2023 USD ($)	Jul. 31, 2022 USD ($)	Jun. 01, 2021 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre-tax loss					$ 1,628	$ (10,638)	$ (18,191)	$ (3,676)
Farm Credit West Revolving and Non-Revolving Lines of Credit
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Maximum borrowing capacity									$ 115,000
Non-Revolving Credit Facility | Farm Credit West Revolving and Non-Revolving Lines of Credit
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Maximum borrowing capacity									$ 40,000
Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of acres sold | a			670
Net cash proceeds received							9,012
Disposed of by Sale | Northern Properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of acres sold | a	397,000			3,537
Sales price	$ 100,008		$ 100,008	$ 100,405
Pre-tax loss							$ 1,667	$ 776
Minimum year term		5 years
Net cash proceeds received		$ 85,494

Asset Sales and Disposals - Pro

Asset Sales and Disposals - Proceeds and Net Book Value of Assets Sold (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Jan. 31, 2023	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Oct. 31, 2022
Less: net book value of assets sold
Prepaid expenses and other current assets		$ 6,117		$ 6,117		$ 8,496
Gain on disposal of assets		$ (1,545)	$ (242)	29,199	$ (503)
Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash proceeds received				$ 9,012
Disposed of by Sale | Northern Properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash proceeds received	$ 85,494
Debt directly repaid through the transaction	12,917
Total net proceeds received	98,411
Less: net book value of assets sold
Cultural costs	3,853
Prepaid expenses and other current assets	155
Property, plant and equipment, net	53,144
Intangible assets, net	12
Other assets	1,320
Accrued liabilities	(68)
Net book value of assets sold	58,416
Gain on disposal of assets	$ 39,995

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, 2023	Oct. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid supplies and insurance	$ 2,753	$ 2,958
Real estate development held for sale	0	2,670
Sales tax receivable	472	475
Lemon supplier advances	1,907	1,188
Other	985	1,205
Prepaid expenses and other current assets	$ 6,117	$ 8,496

Real Estate Development (Detail

Real Estate Development (Details) $ in Thousands		1 Months Ended	9 Months Ended		12 Months Ended
	Feb. 01, 2023	Oct. 31, 2022 USD ($)	Jul. 31, 2023 USD ($) residential_unit	Jul. 31, 2022 USD ($)	Oct. 31, 2022 USD ($)	Feb. 22, 2023 USD ($)	Oct. 31, 2020 USD ($)	Feb. 28, 2018 USD ($)	Jan. 31, 2018 USD ($)	Nov. 30, 2015 USD ($)	Oct. 31, 2005 a property
Real Estate Properties [Line Items]
Real estate development assets		$ 9,706	$ 9,967		$ 9,706
Loan balance		105,808	41,170		105,808
Equity method investments			$ 275	$ 0
LLCB
Real Estate Properties [Line Items]
Number of residential units sold | residential_unit			586
Unsecured Line of Credit Loan Agreement and Promissory Note
Real Estate Properties [Line Items]
Estimated value of the guarantee obligation								$ 1,080
Unsecured Line of Credit Loan Agreement and Promissory Note | LLCB
Real Estate Properties [Line Items]
Face amount of loan									$ 45,000
Maximum borrowing capacity						$ 35,000
Loan balance			$ 15,000
Unsecured Line of Credit Loan Agreement and Promissory Note | LLCB | Bloomberg Short-Term Bank Yield Index rate (BSBY)
Real Estate Properties [Line Items]
Basis spread on variable rate	2.85%
LLCB | Related Party
Real Estate Properties [Line Items]
Payables to related parties		$ 3,444	3,444		3,444
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 | LLCB II, LLC
Real Estate Properties [Line Items]
Deferred on sales of investment real estate			465		$ 465
East Area I | Lewis Group of Companies
Real Estate Properties [Line Items]
Equity method investment, aggregate cost										$ 20,000
East Area I | Lewis Group of Companies | Limoneira Lewis Community Builders
Real Estate Properties [Line Items]
Ownership percentage		50%			50%					50%
East Area I | Lewis Group of Companies | LLCB II, LLC
Real Estate Properties [Line Items]
Proceeds from sale of equity method investments		$ 7,975
Limoneira Lewis Community Builders, LLC Agreement
Real Estate Properties [Line Items]
Equity method investments			275
Sevilla | Disposal Group, Not Discontinued Operations
Real Estate Properties [Line Items]
Consideration for sale of property							$ 2,700
Net cash proceeds received			$ 2,577

Equity in Investments - Schedul

Equity in Investments - Schedule of Equity in Investments (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Oct. 31, 2022
Schedule of Equity Method Investments [Line Items]
Equity in investments	$ 73,425	$ 72,855
Limoneira Lewis Community Builders, LLC
Schedule of Equity Method Investments [Line Items]
Equity in investments	61,605	61,154
LLCB II, LLC
Schedule of Equity Method Investments [Line Items]
Equity in investments	8,297	8,023
Limco Del Mar, Ltd.
Schedule of Equity Method Investments [Line Items]
Equity in investments	1,839	2,024
Rosales
Schedule of Equity Method Investments [Line Items]
Equity in investments	1,182	1,147
Romney Property Partnership
Schedule of Equity Method Investments [Line Items]
Equity in investments	$ 502	$ 507

Equity in Investments - Narrati

Equity in Investments - Narrative (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Oct. 31, 2022
Rosales | Related Party
Schedule of Equity Method Investments [Line Items]
Net amounts due from rosales	$ 2,348	$ 270

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Change in Carrying Amount of Goodwill (Details) $ in Thousands	9 Months Ended
	Jul. 31, 2023 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 1,506
Foreign currency translation adjustment	18
Ending balance	$ 1,524

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment loss	$ 0		$ 0
Amortization expense	$ 178,000	$ 182,000	$ 553,000	$ 543,000

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Intangible Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Oct. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (3,170)	$ (2,617)
Net Carrying Amount	3,412
Gross Carrying Amount	10,166	9,934
Net Carrying Amount	6,996	7,317
Acquired water and mineral rights
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	3,584	3,352
Trade names and trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,108	2,108
Accumulated Amortization	(1,053)	(881)
Net Carrying Amount	$ 1,055	$ 1,227
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	(1,998)	(1,660)
Net Carrying Amount	$ 2,039	$ 2,377
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	(119)	(76)
Net Carrying Amount	$ 318	$ 361
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, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023 (remaining three months)	$ 176
2024	711
2025	711
2026	711
2027	427
Thereafter	676
Net Carrying Amount	$ 3,412

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023	Oct. 31, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Investments in mutual water companies	$ 5,691		$ 6,500
Disposed of by Sale | Northern Properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Investments in mutual water companies		$ 1,320

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Oct. 31, 2022
Accounts Payable and Accrued Liabilities, Current [Abstract]
Compensation	$ 1,886	$ 3,572
Property taxes	370	664
Operating expenses	2,548	2,341
Leases	2,233	2,026
Other	1,355	2,457
Accrued liabilities	$ 8,392	$ 11,060

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2023	Jan. 01, 2023	Oct. 31, 2022	Jul. 02, 2022
Debt Instrument [Line Items]
Long-term debt, gross	$ 41,170		$ 105,902
Less deferred financing costs, net of accumulated amortization	0		94
Total long-term debt, net	41,170		105,808
Less current portion	435		1,732
Long-term debt, less current portion	40,735		104,076
Farm Credit West Revolving and Non-Revolving Lines of Credit
Debt Instrument [Line Items]
Long-term debt, gross	$ 40,000		88,521
Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Credit Facility | SOFR
Debt Instrument [Line Items]
Base rate	5.11%
Basis spread on variable rate	1.78%
Farm Credit West Revolving and Non-Revolving Lines of Credit | Non-Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	$ 40,000
Fixed interest rate		3.57%		3.57%
Farm Credit West Term Loan due October 2035
Debt Instrument [Line Items]
Long-term debt, gross	$ 0		919
Fixed interest rate	3.24%
Farm Credit West Term Loan due March 2036
Debt Instrument [Line Items]
Long-term debt, gross	$ 0		7,562
Fixed interest rate	3.24%
Farm Credit West Term Loan due March 2036
Debt Instrument [Line Items]
Long-term debt, gross	$ 0		5,555
Fixed interest rate	2.77%
Farm Credit West Term Loan due Sept 2026
Debt Instrument [Line Items]
Long-term debt, gross	$ 0		2,003
Fixed interest rate	3.19%
Banco de Chile Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 633		675
Fixed interest rate	6.48%
Banco De Chile COVID-19 Loans
Debt Instrument [Line Items]
Long-term debt, gross	$ 158		233
Fixed interest rate	3.48%
Banco De Chile COVID-19 Loan Two
Debt Instrument [Line Items]
Long-term debt, gross	$ 379		$ 434
Fixed interest rate			4.26%

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) $ in Thousands

1 Months Ended

3 Months Ended

9 Months Ended

Jan. 01, 2023

Feb. 28, 2022 USD ($)

Mar. 31, 2020 USD ($)

Jul. 31, 2023 USD ($)

Apr. 30, 2023 USD ($)

Jul. 31, 2022 USD ($)

Jul. 31, 2023 USD ($)

Jul. 31, 2022 USD ($)

Sep. 07, 2023

Feb. 28, 2023

Oct. 31, 2022 USD ($)

Jul. 02, 2022

Dec. 31, 2021

Jun. 01, 2021 USD ($)

Debt Instrument [Line Items]

Long-term debt, gross

$ 41,170

$ 41,170

$ 105,902

Interest costs capitalized

207

$ 235

513

$ 235

AgWest Farm Credit

Debt Instrument [Line Items]

Annual patronage dividend rate

1.25%

1.25%

Dividends received

$ 1,582

$ 1,413

Farm Credit West Revolving and Non-Revolving Lines of Credit

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 115,000

Long-term debt, gross

40,000

40,000

$ 88,521

Available to borrow

$ 75,000

$ 75,000

Minimum debt service coverage ratio

1.25

1.25

Farm Credit West Revolving and Non-Revolving Lines of Credit | Subsequent Event

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

Long-term debt, gross

$ 40,000

$ 40,000

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

Debt Instrument [Line Items]

Maximum borrowing capacity

75,000

Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Credit Facility | SOFR

Debt Instrument [Line Items]

Basis spread on variable rate

1.78%

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

Debt Instrument [Line Items]

Basis spread on variable rate

1.78%

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

Debt Instrument [Line Items]

Basis spread on variable rate

2.28%

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

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 40,000

Long-term debt, gross

$ 40,000

$ 40,000

Interest rate

3.57%

3.57%

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

Other Long-Term Liabilities (De

Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Oct. 31, 2022
Other Liabilities Disclosure [Abstract]
Minimum pension liability	$ 0	$ 2,272
Loan guarantee	1,080	1,080
Leases	3,775	5,062
Other	1,224	1,393
Other long-term liabilities	$ 6,079	$ 9,807

Leases - Lessor Arrangements, N

Leases - Lessor Arrangements, Narrative (Details)	Jul. 31, 2023
Minimum
Lessor, Lease, Description [Line Items]
Remaining terms of operating leases	1 month
Maximum
Lessor, Lease, Description [Line Items]
Remaining terms of operating leases	20 years

Leases - Composition of Rental

Leases - Composition of Rental Operations Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Leases [Abstract]
Operating lease revenue	$ 1,308	$ 1,265	$ 3,872	$ 3,678
Variable lease revenue	97	64	300	223
Total lease revenue	$ 1,405	$ 1,329	$ 4,172	$ 3,901

Leases - Lessee Arrangements, N

Leases - Lessee Arrangements, Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 522	$ 137	$ 1,504	$ 395
Financial lease cost			122	112
Short-term lease	$ 155		$ 493	$ 174
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	15 years		15 years

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Oct. 31, 2022
Assets
Operating lease ROU assets	$ 5,118	$ 6,190
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent
Finance lease assets	$ 992	$ 1,091
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent
Operating and finance lease assets	$ 6,110	$ 7,281
Liabilities and Stockholders' Equity
Current operating lease liabilities	$ 1,965	$ 1,892
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current, Other Liabilities, Current	Accrued Liabilities, Current, Other Liabilities, Current
Current finance lease liabilities	$ 268	$ 268
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Non-current operating lease liabilities	$ 3,239	$ 4,347
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Non-current finance lease liabilities	$ 536	$ 715
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Operating and finance lease liabilities	$ 6,008	$ 7,222

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 1,459	$ 442
Operating cash outflows from finance leases	23	26
Financing cash outflows from finance leases	178	161
ROU assets obtained in exchange for new operating lease liabilities	$ 138	$ 355

Basic and Diluted Net (Loss) _3

Basic and Diluted Net (Loss) Income Per Share - Schedule of Basic and Diluted Net (Loss) Income Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Basic net (loss) income per common share:
Net (loss) income applicable to common stock	$ (1,288)	$ 7,252	$ 12,479	$ 2,044
Effect of unvested, restricted stock	(27)	(79)	(194)	(42)
Numerator: Net (loss) income for basic EPS	$ (1,315)	$ 7,173	$ 12,285	$ 2,002
Denominator: Weighted average common shares–basic (in shares)	17,621	17,529	17,597	17,481
Basic net (loss) income per common share (in dollars per share)	$ (0.07)	$ 0.41	$ 0.70	$ 0.11
Diluted net (loss) income per common share:
Net (loss) income for basic EPS	$ (1,315)	$ 7,173	$ 12,285	$ 2,002
Effect of dilutive preferred stock	0	125	376	0
Numerator: Net (loss) income for diluted EPS	$ (1,315)	$ 7,298	$ 12,661	$ 2,002
Weighted average common shares-basic (in shares)	17,621	17,529	17,597	17,481
Effect of dilutive preferred stock (in shares)	0	805	784	0
Denominator: Weighted average common shares–diluted (in shares)	17,621	18,334	18,381	17,481
Diluted net (loss) income per common share (in dollars per share)	$ (0.07)	$ 0.40	$ 0.69	$ 0.11

Related Party Transactions (Det

Related Party Transactions (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Jul. 31, 2023 USD ($) shares	Jul. 31, 2022 USD ($)	Jul. 31, 2023 USD ($) shares	Jul. 31, 2022 USD ($)	Oct. 31, 2013 USD ($) a	Oct. 31, 2022 USD ($)
Consolidated Statement of Operations
Agribusiness	$ 51,092,000	$ 57,594,000	$ 134,296,000	$ 141,046,000
Other operations	1,405,000	1,329,000	4,172,000	3,901,000
Agribusiness Expense and Other	$ 52,027,000	45,394,000	$ 111,485,000	133,427,000
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
Mutual water companies | Related Party
Balance Sheet
Receivable/Other from Related Parties	$ 0		$ 0			$ 0
Other Assets	511,000		511,000			506,000
Payables to Related Parties	261,000		261,000			133,000
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Other operations	0	0	0	0
Dividends Paid	0	0	0	0
Mutual water companies | Related Party | Agribusiness
Consolidated Statement of Operations
Agribusiness	0	0	0	0
Agribusiness Expense and Other	201,000	481,000	979,000	975,000
Employees | Related Party
Consolidated Statement of Operations
Other operations	222,000	220,000	666,000	650,000
Dividends Paid	0	0	0	0
Employees | Related Party | Agribusiness
Consolidated Statement of Operations
Agribusiness	0	0	0	0
Agribusiness Expense and Other	0	0	0	0
Cooperative association | Related Party
Consolidated Statement of Operations
Other operations	0	0	0	0
Dividends Paid	0	0	0	0
Cooperative association | Related Party | Agribusiness
Consolidated Statement of Operations
Agribusiness	0	0	0	0
Agribusiness Expense and Other	412,000	585,000	1,278,000	1,369,000
Calavo | Related Party
Consolidated Statement of Operations
Other operations			0	80,000
Dividends Paid			0	126,000
Calavo | Related Party | Agribusiness
Consolidated Statement of Operations
Agribusiness			0	0
Agribusiness Expense and Other			0	2,000
Cadiz / Fenner / WAM | Related Party
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	1,226,000		1,226,000			1,288,000
Payables to Related Parties	162,000		162,000			446,000
Other Long-Term Liabilities	1,137,000		1,137,000			1,198,000
Consolidated Statement of Operations
Other 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 | Related Party | Agribusiness
Consolidated Statement of Operations
Agribusiness	0	0	0	0
Agribusiness Expense and Other	359,000	895,000	1,914,000	2,084,000
YMIDD | Related Party
Consolidated Statement of Operations
Other operations	0	0	0	0
Dividends Paid	0	0	0	0
YMIDD | Related Party | Agribusiness
Consolidated Statement of Operations
Agribusiness	135,000	0	405,000	0
Agribusiness Expense and Other	70,000	0	142,000	76,000
FGF | Related Party
Balance Sheet
Receivable/Other from Related Parties	2,815,000		2,815,000			2,965,000
Other Assets	2,586,000		2,586,000			2,652,000
Payables to Related Parties	837,000		837,000			837,000
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Other operations	50,000	86,000	174,000	257,000
Dividends Paid	0	0	0	0
FGF | Related Party | Agribusiness
Consolidated Statement of Operations
Agribusiness	132,000	83,000	248,000	248,000
Agribusiness Expense and Other	0	2,000	0	2,000
LLCB | Related Party
Balance Sheet
Receivable/Other from Related Parties	66,000		66,000			66,000
Other Assets	0		0			0
Payables to Related Parties	3,444,000		3,444,000			3,444,000
Other Long-Term Liabilities	0		0			$ 0
Third-party growers | Related Party
Consolidated Statement of Operations
Agribusiness				104,000
Other operations			0	0
Dividends Paid			0	0
Third-party growers | Related Party | Agribusiness
Consolidated Statement of Operations
Agribusiness			0
Agribusiness Expense and Other			0	12,000
Principal owner | Related Party
Consolidated Statement of Operations
Other operations	0	0	0	0
Dividends Paid	446,000	0	656,000	0
Principal owner | Related Party | Agribusiness
Consolidated Statement of Operations
Agribusiness	0	0	0	0
Agribusiness Expense and Other	$ 0	$ 0	$ 0	$ 0

Retirement Plans - Narrative (D

Retirement Plans - Narrative (Details) - USD ($)	3 Months Ended	9 Months Ended
	Jan. 31, 2023	Jul. 31, 2023	Jul. 31, 2022
Retirement Benefits [Abstract]
Average earnings period		5 years
Funding contributions	$ 2,550,000		$ 0

Retirement Plans - Net Benefit

Retirement Plans - Net Benefit Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Retirement Benefits [Abstract]
Administrative expenses	$ 0	$ 180	$ 20	$ 539
Interest cost	0	130	34	390
Expected return on plan assets	0	(128)	(17)	(383)
Prior service cost	0	12	4	34
Amortization of net loss	0	99	0	298
Settlement loss recognized	0	0	2,700	0
Net periodic benefit cost	$ 0	$ 293	$ 2,741	$ 878

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands				3 Months Ended		9 Months Ended
	May 19, 2023	Apr. 30, 2023	Apr. 18, 2023	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Other Commitments [Line Items]
Revenues				$ 51,092	$ 57,594	$ 134,296	$ 141,046
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]				Agribusiness	Agribusiness
Gain on legal settlement				$ 0	$ 0	$ 2,269	$ 0
Southern California Edison
Other Commitments [Line Items]
Legal settlement awarded			$ 9,000
Net proceeds from legal settlement	$ 6,109
Revenues		$ 3,840
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]		Agribusiness
Gain on legal settlement		$ 2,269

Stock-based Compensation (Detai

Stock-based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Oct. 31, 2022
Class of Stock [Line Items]
Stock compensation expense			$ 2,785	$ 1,993
Retention Bonus Agreements
Class of Stock [Line Items]
Stock compensation expense					$ 122
Management
Class of Stock [Line Items]
Shares exchanged (in shares)			1,594	68,080
Fair value of common stock for the payment of payroll taxes associated with the vesting of shares under stock-based compensation programs			$ 26	$ 1,086
Performance Shares
Class of Stock [Line Items]
Vesting period			2 years		2 years
Unrecognized stock-based compensation expense					$ 1,055
Stock compensation expense					365
Performance Shares | Stock Plan
Class of Stock [Line Items]
Shares granted (in shares)		79,972
Common stock per share (in dollars per share)		$ 13.19
Restricted Shares | Retention Bonus Agreements
Class of Stock [Line Items]
Shares granted (in shares)	127,064	11,317
Common stock per share (in dollars per share)	$ 15.74	$ 13.19
Unrecognized stock-based compensation expense	$ 2,000				$ 149
Restricted Shares | Key Executives
Class of Stock [Line Items]
Vesting period			3 years
Shares granted (in shares)		55,000
Common stock per share (in dollars per share)		$ 13.19
Unrecognized stock-based compensation expense		$ 725
Restricted Shares | Non-Employee Directors
Class of Stock [Line Items]
Vesting period	1 year		1 year
Shares granted (in shares)	22,836
Common stock per share (in dollars per share)	$ 16.26
Stock-Based Compensation | Non-Employee Directors
Class of Stock [Line Items]
Share-based Payment Arrangement, Expense	$ 371

Segment Information - Narrative

Segment Information - Narrative (Details)	9 Months Ended
	Jul. 31, 2023 segment
Segment Reporting [Abstract]
Number of reportable segments	4
Number of operating segments	4

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Segment Reporting Information [Line Items]
Total net revenues	$ 52,497	$ 58,923	$ 138,468	$ 144,947
Costs and expenses	52,027	45,394	111,485	133,427
Depreciation and amortization	2,019	2,469	6,510	7,432
Operating income	(1,549)	11,060	20,473	4,088
Operating Segments
Segment Reporting Information [Line Items]
Total net revenues	51,092	57,594	134,296	141,046
Costs and expenses	45,110	39,291	120,665	113,762
Depreciation and amortization	1,735	2,172	5,610	6,544
Operating income	4,247	16,131	8,021	20,740
Eliminations
Segment Reporting Information [Line Items]
Total net revenues	(9,684)	(9,696)	(27,356)	(25,658)
Costs and expenses	(9,684)	(9,696)	(27,356)	(25,658)
Depreciation and amortization	0	0	0	0
Operating income	0	0	0	0
Corporate and Other
Segment Reporting Information [Line Items]
Total net revenues	1,405	1,329	4,172	3,901
Costs and expenses	6,917	6,103	(9,180)	19,665
Depreciation and amortization	284	297	900	888
Operating income	(5,796)	(5,071)	12,452	(16,652)
Fresh Lemons
Segment Reporting Information [Line Items]
Total net revenues	33,585	33,823	94,913	94,415
Fresh Lemons | Operating Segments
Segment Reporting Information [Line Items]
Total net revenues	33,585	33,823	94,913	94,415
Costs and expenses	30,758	32,600	94,035	91,983
Depreciation and amortization	0	0	0	0
Operating income	2,827	1,223	878	2,432
Fresh Lemons | Eliminations
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Lemon Packing
Segment Reporting Information [Line Items]
Total net revenues	5,472	6,337	17,543	19,048
Lemon Packing | Operating Segments
Segment Reporting Information [Line Items]
Total net revenues	15,156	16,033	44,899	44,706
Costs and expenses	13,140	11,953	36,568	34,171
Depreciation and amortization	0	0	0	0
Operating income	2,016	4,080	8,331	10,535
Lemon Packing | Eliminations
Segment Reporting Information [Line Items]
Total net revenues	(9,684)	(9,696)	(27,356)	25,658
Avocados
Segment Reporting Information [Line Items]
Total net revenues	3,462	12,578	7,065	16,920
Avocados | Operating Segments
Segment Reporting Information [Line Items]
Total net revenues	3,462	12,578	7,065	16,920
Costs and expenses	3,030	3,154	4,053	5,548
Depreciation and amortization	0	0	0	0
Operating income	432	9,424	3,012	11,372
Other Agribusiness
Segment Reporting Information [Line Items]
Total net revenues	8,573	4,856	14,775	10,663
Other Agribusiness | Oranges
Segment Reporting Information [Line Items]
Total net revenues	1,290	3,736	3,825	7,226
Other Agribusiness | Specialty Citrus and Other Crops
Segment Reporting Information [Line Items]
Total net revenues	1,900	1,120	4,163	3,437
Other Agribusiness | Farm Management
Segment Reporting Information [Line Items]
Total net revenues	5,383	0	6,787	0
Other Agribusiness | Operating Segments
Segment Reporting Information [Line Items]
Total net revenues	8,573	4,856	14,775	10,663
Costs and expenses	7,866	1,280	13,365	7,718
Depreciation and amortization	0	0	0	0
Operating income	$ 707	$ 3,576	$ 1,410	$ 2,945