Limoneira (LMNR) 10-K 21 Dec 23 2023 FY Annual report Financial data

Cover

Cover - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2023	Nov. 30, 2023	Apr. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Oct. 31, 2023
Current Fiscal Year End Date	--10-31
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Document Financial Statement Error Correction Flag	false
Entity Public Float			$ 204
Entity Common Stock, Shares Outstanding (in shares)		17,994,110
Documents Incorporated by Reference	Portions of the registrant’s Proxy Statement for the 2024 Annual Meeting of Stockholders, which we intend to hold on March 26, 2024, are incorporated by reference into Part III of this Annual Report on Form 10-K. The definitive Proxy Statement will be filed within 120 days after October 31, 2023.
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Central Index Key	0001342423

Audit Information

Audit Information	12 Months Ended
	Oct. 31, 2023
Auditor Information [Abstract]
Auditor Name	Deloitte & Touche LLP
Auditor Location	Los Angeles, California
Auditor Firm ID	34

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Current assets:
Cash	$ 3,631	$ 857
Accounts receivable, net	14,458	15,651
Cultural costs	2,334	8,643
Prepaid expenses and other current assets	5,588	8,496
Receivables/other from related parties	4,214	3,888
Total current assets	30,225	37,535
Property, plant and equipment, net	160,631	222,628
Real estate development	9,987	9,706
Equity in investments	78,816	72,855
Goodwill	1,512	1,506
Intangible assets, net	6,657	7,317
Other assets	13,382	16,971
Total assets	301,210	368,518
Current liabilities:
Accounts payable	9,892	10,663
Growers and suppliers payable	9,629	10,740
Accrued liabilities	8,651	11,279
Payables to related parties	4,805	4,860
Current portion of long-term debt	381	1,732
Total current liabilities	33,358	39,274
Long-term liabilities:
Long-term debt, less current portion	40,628	104,076
Deferred income taxes	22,172	23,497
Other long-term liabilities	4,555	9,807
Total liabilities	100,713	176,654
Commitments and contingencies	0	0
Stockholders' equity:
Common Stock – $0.01 par value (39,000,000 shares authorized: 18,192,009 and 17,935,292 shares issued and 17,941,032 and 17,684,315 shares outstanding at October 31, 2023 and October 31, 2022, respectively)	179	177
Additional paid-in capital	168,441	165,169
Retained earnings	19,017	15,500
Accumulated other comprehensive loss	(5,666)	(7,908)
Treasury stock, at cost, 250,977 shares at October 31, 2023 and October 31, 2022	(3,493)	(3,493)
Noncontrolling interest	11,209	11,609
Total stockholders' equity	189,687	181,054
Total liabilities, convertible preferred stock and stockholders' equity	301,210	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 October 31, 2023 and October 31, 2022)	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	12 Months Ended
	Oct. 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	18,192,009	17,935,292
Common stock, shares outstanding	17,941,032	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 (in shares)	50,000	50,000
Preferred stock, shares issued (in shares)	14,790	14,790
Preferred stock, shares outstanding (in shares)	14,790	14,790
Preferred stock coupon rate	8.75%	8.75%
Series B-2 Preferred
Preferred stock, par value (in dollars per share)	$ 100	$ 100
Preferred stock, shares authorized (in shares)	10,000	10,000
Preferred stock, shares issued (in shares)	9,300	9,300
Preferred stock, shares outstanding (in shares)	9,300	9,300
Preferred stock coupon rate	4%	4%
Liquidation preference per share (in dollars per share)	$ 1,000	$ 1,000
Series A Junior Participating Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	20,000	20,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Net revenues:
Agribusiness	$ 174,381	$ 179,281	$ 161,381
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]	Agribusiness [Member]	Agribusiness [Member]	Agribusiness [Member]
Other operations	$ 5,520	$ 5,324	$ 4,646
Total net revenues	179,901	184,605	166,027
Costs and expenses:
Agribusiness	$ 169,169	$ 160,651	$ 148,492
Cost, Product and Service [Extensible List]	Agribusiness [Member]	Agribusiness [Member]	Agribusiness [Member]
Other operations	$ 4,612	$ 4,438	$ 4,332
(Gain) loss on disposal of assets, net	(28,849)	(4,500)	109
Gain on legal settlement	(2,269)	0	0
Selling, general and administrative	26,455	21,815	19,427
Total costs and expenses	169,118	182,404	172,360
Operating income (loss)	10,783	2,201	(6,333)
Other income (expense):
Interest income	364	53	379
Interest expense, net of patronage dividends	(494)	(2,291)	(1,501)
Equity in earnings of investments, net	5,322	1,341	3,203
Other (expense) income, net	(2,611)	(955)	89
Total other income (expense)	2,581	(1,852)	2,170
Income (loss) before income tax (provision) benefit	13,364	349	(4,163)
Income tax (provision) benefit	(4,247)	(823)	266
Net income (loss)	9,117	(474)	(3,897)
Net loss attributable to noncontrolling interest	283	238	456
Net income (loss) attributable to Limoneira Company	9,400	(236)	(3,441)
Preferred dividends	(501)	(501)	(501)
Net income (loss) applicable to common stock	$ 8,899	$ (737)	$ (3,942)
Basic net income (loss) per common share (in dollars per share)	$ 0.50	$ (0.04)	$ (0.23)
Diluted net income (loss) per common share (in dollars per share)	$ 0.50	$ (0.04)	$ (0.23)
Weighted-average common shares outstanding-basic (in shares)	17,603	17,513	17,555
Weighted-average common shares outstanding-diluted (in shares)	17,603	17,513	17,555

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 9,117	$ (474)	$ (3,897)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	518	(2,430)	(685)
Minimum pension liability adjustments, net of tax of $(135), $(71) and $940	(220)	(183)	2,500
Pension settlement cost, net of tax of $756, $169 and $0	1,944	438	0
Total other comprehensive income (loss), net of tax	2,242	(2,175)	1,815
Comprehensive income (loss)	11,359	(2,649)	(2,082)
Comprehensive loss attributable to noncontrolling interest	283	356	445
Comprehensive income (loss) attributable to Limoneira Company	$ 11,642	$ (2,293)	$ (1,637)

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Statement of Other Comprehensive Income [Abstract]
Minimum pension liability adjustment, tax	$ (135)	$ (71)	$ 940
Pension settlement cost, tax	$ 756	$ 169	$ 0

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY - USD ($) $ in Thousands	Total	Series B Preferred	Series B-2 Preferred	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Series B Preferred	Retained Earnings Series B-2 Preferred	Accumulated Other Comprehensive (Loss) Income	Treasury Stock	Non-controlling Interest
Beginning balance (in shares) at Oct. 31, 2020				17,606,730
Beginning balance at Oct. 31, 2020	$ 195,760			$ 179	$ 162,084	$ 30,797			$ (7,548)	$ (3,493)	$ 13,741
Stockholders' Equity
Dividends Common	(5,303)					(5,303)
Dividends preferred		$ (129)	$ (372)				$ (129)	$ (372)
Stock compensation (in shares)				125,663
Stock compensation	2,582			$ 1	2,581
Exchange of common stock (in shares)				(46,993)
Exchange of common stock	(701)			$ (1)	(700)
Noncontrolling interest adjustment	(1,331)										(1,331)
Net income (loss)	(3,897)					(3,441)					(456)
Other comprehensive income (loss), net of tax	1,826								1,815		11
Ending balance (in shares) at Oct. 31, 2021				17,685,400
Ending balance at Oct. 31, 2021	188,435			$ 179	163,965	21,552			(5,733)	(3,493)	11,965
Beginning balance, temporary equity at Oct. 31, 2020		1,479	9,331
Ending balance, temporary equity at Oct. 31, 2021		1,479	9,331
Stockholders' Equity
Dividends Common	(5,315)					(5,315)
Dividends preferred		(129)	(372)				(129)	(372)
Stock compensation (in shares)				104,231
Stock compensation	2,732			$ 1	2,731
Exchange of common stock (in shares)				(105,316)
Exchange of common stock	(1,530)			$ (3)	(1,527)
Net income (loss)	(474)					(236)					(238)
Other comprehensive income (loss), net of tax	$ (2,293)								(2,175)		(118)
Ending balance (in shares) at Oct. 31, 2022	17,684,315			17,684,315
Ending balance at Oct. 31, 2022	$ 181,054			$ 177	165,169	15,500			(7,908)	(3,493)	11,609
Ending balance, temporary equity at Oct. 31, 2022		1,479	9,331
Stockholders' Equity
Dividends Common	(5,382)					(5,382)
Dividends preferred		(129)	(372)				$ (129)	$ (372)
Stock compensation (in shares)				296,189
Stock compensation	3,841			$ 3	3,838
Exchange of common stock (in shares)				(39,472)
Exchange of common stock	(567)			$ (1)	(566)
Noncontrolling interest adjustment	(117)										(117)
Net income (loss)	9,117					9,400					(283)
Other comprehensive income (loss), net of tax	$ 2,242								2,242
Ending balance (in shares) at Oct. 31, 2023	17,941,032			17,941,032
Ending balance at Oct. 31, 2023	$ 189,687			$ 179	$ 168,441	$ 19,017			$ (5,666)	$ (3,493)	$ 11,209
Ending balance, temporary equity at Oct. 31, 2023		$ 1,479	$ 9,331

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Dividends Common	$ 0.30	$ 0.30	$ 0.30
Series B Preferred
Dividends Preferred	8.75	8.75	8.75
Series B-2 Preferred
Dividends Preferred	$ 40	$ 40	$ 40

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Operating activities
Net income	$ 9,117	$ (474)	$ (3,897)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	8,576	9,798	9,812
(Gain) loss on disposal of assets, net	(28,849)	(4,500)	109
Gain on legal settlement	(853)	0	0
Stock compensation expense	3,841	2,732	2,582
Non-cash lease expense	1,647	442	520
Equity in earnings of investments, net	(5,322)	(1,341)	(3,203)
Cash distributions from equity investments	220	483	219
Deferred income taxes	(1,947)	548	(189)
Other, net	168	1,831	335
Changes in operating assets and liabilities:
Accounts receivable and receivables/other from related parties	815	1,845	(5,076)
Cultural costs	2,455	(1,148)	(639)
Prepaid expenses and other current assets	1,487	(325)	(1,021)
Income taxes payable	(1,035)	0	5,911
Other assets	1,230	(134)	(5)
Accounts payable and growers and suppliers payable	(1,772)	1,853	5,389
Accrued liabilities and payables to related parties	(2,921)	3,269	(730)
Other long-term liabilities	(2,727)	(49)	(512)
Net cash (used in) provided by operating activities	(15,870)	14,830	9,605
Investing activities
Capital expenditures	(10,305)	(10,066)	(9,834)
Net proceeds from sales of assets	98,545	19,259	119
Net proceeds from legal settlement	853	0	0
Net proceeds from sale of real estate development assets	2,577	7,917	0
Cash distribution from Trapani Fresh	122	122	0
Collection on notes receivable	155	2,755	25
Equity investment contributions and capitalized interest	(847)	(48)	0
Cash distribution from equity investment	0	0	106
Investments in mutual water companies and water rights	(523)	(506)	(653)
Net cash provided by (used in) investing activities	90,577	19,433	(10,237)
Financing activities
Borrowings of long-term debt	57,940	146,941	102,196
Repayments of long-term debt	(122,921)	(173,755)	(95,140)
Proceeds from equipment financings	0	1,020	0
Principal paid on finance leases and equipment financings	(491)	(377)	(18)
Dividends paid – common	(5,382)	(5,315)	(5,303)
Dividends paid – preferred	(501)	(501)	(501)
Exchange of common stock	(567)	(1,530)	(700)
Net cash (used in) provided by financing activities	(71,922)	(33,517)	534
Effect of exchange rate changes on cash	(11)	(328)	36
Net increase (decrease) in cash	2,774	418	(62)
Cash at beginning of period	857	439	501
Cash at end of period	3,631	857	439
Supplemental disclosures of cash flow information
Cash paid during the period for interest (net of amounts capitalized)	652	2,064	1,503
Cash paid (received) during the period for income taxes	7,229	83	(5,911)
Non-cash investing and financing activities:
Contribution of real estate development to equity investment	0	7,975	0
Reduction of net payables to related parties	0	2,392	0
Reduction of note receivable	0	388	0
Capital expenditures accrued but not paid at period-end	$ 309	$ 430	$ 657

Business

Business	12 Months Ended
	Oct. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business	Business Limoneira Company (together with its consolidated subsidiaries, the “Company”) engages primarily in growing citrus and avocados, picking and hauling citrus, and packing, marketing and selling citrus. The Company is also engaged in residential rentals and other rental operations and real estate development activities. The Company markets and sells citrus directly to food service, wholesale and retail customers throughout the United States, Canada, Asia, Australia and other international markets. The Company was a member of Sunkist Growers, Inc., an agricultural marketing cooperative, and sold a portion of its oranges, specialty citrus and other crops to Sunkist-licensed and other third-party packinghouses. Through fiscal year 2021, the Company sold the majority of its avocado production to Calavo Growers, Inc. (“Calavo”), a packing and marketing company listed on the NASDAQ Global Select Market under the symbol CVGW. In February 2022, the Company terminated its Avocado Marketing Agreement and the associated Letter Agreement Regarding Fruit Commitment with Calavo to pursue opportunities with other packing and marketing companies.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Oct. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation The 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. The consolidated financial statements represent the consolidated balance sheets, statements of operations, statements of comprehensive income (loss), statements of stockholders’ equity and temporary equity and statements of cash flows of Limoneira Company and consolidated subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. The Company considers the criteria established under the Financial Accounting Standards Board (“FASB”) – Accounting Standards Code (“ASC”) 810, Consolidations, and the effect of variable interest entities, in its consolidation process. Use of Estimates The preparation of financial statements 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. Accounts Receivable The Company grants credit in the course of its operations to cooperatives, companies and lessees of the Company’s facilities. The Company performs periodic credit evaluations of its customers’ financial condition and generally does not require collateral. The Company provides allowances on its receivables as required based on accounts receivable aging and other factors. As of October 31, 2023 and 2022 the allowances totaled $260,000 and $469,000, respectively. For fiscal years 2023, 2022 and 2021, credit losses were insignificant. Concentrations and Geographic Information The Company sells its avocados and oranges, and sold its specialty citrus, to third-party packinghouses. Prior to fiscal year 2022, the Company sold a majority of its avocado production to Calavo. Sales of avocados to Calavo were $6,594,000 in fiscal year 2021. Concentrations of credit risk with respect to revenues and accounts receivable are limited due to a large, diverse customer base. One individual customer represented 13% of revenue for fiscal year 2023. One individual customer represented 11% of accounts receivable, net as of October 31, 2023. No individual supplier represented 10% of accounts payable as of October 31, 2023. Lemons procured from third-party growers were 54%, 52% and 52% of the Company's lemon supply in fiscal years 2023, 2022 and 2021, respectively. One third-party grower was 44% of growers and suppliers payable as of October 31, 2023. The Company maintains its cash in federally insured financial institutions. The account balances at these institutions periodically exceed Federal Deposit Insurance Corporation (“FDIC”) insurance coverage and, as a result, there is a concentration of risk related to amounts on deposit in excess of FDIC insurance coverage. Cultural Costs Growing costs, also referred to as cultural costs, consist of orchard maintenance costs such as cultivation, fertilization and soil amendments, pest control, pruning and irrigation. Harvest costs are comprised of labor and equipment expenses incurred to harvest and deliver crops to the packinghouses. Certain of the Company's crops have distinct growing periods and distinct harvest and selling periods, each of which lasts approximately four Due to climate, growing conditions and the types of crops grown, certain of the Company's other crops may be harvested and sold on a year-round basis. Accordingly, the Company does not capitalize cultural costs associated with these crops and therefore such costs, as well as harvest costs associated with these crops, are expensed to operations when incurred as components of agribusiness costs and expenses. Most cultural costs, including amortization of capitalized cultural costs, and harvest costs are associated with and charged to specific crops. Certain other costs, such as property taxes, indirect labor, including farm supervision and management, and irrigation that benefit multiple crops are allocated to crops on a per acre basis. Income Taxes Deferred income tax assets and liabilities are computed annually for differences between the financial statement and income tax bases of assets and liabilities that will result in taxable or deductible amounts in the future. Such deferred income tax asset and liability computations are based on enacted tax laws and rates applicable to periods in which the differences are expected to affect taxable income. A valuation allowance is established, when necessary, to reduce deferred income tax assets to the amount expected to be realized. Tax benefits from an uncertain tax position are only recognized if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. Property, Plant and Equipment Property, plant and equipment is stated at original cost, net of accumulated depreciation. Depreciation is computed using the straight-line method at rates based upon the estimated useful lives of the related assets as follows (in years): Land improvements 10 – 30 Buildings and building improvements 10 – 50 Equipment 5 – 20 Orchards and vineyards 20 – 40 Costs of planting and developing orchards are capitalized until the orchards become commercially productive. Planting costs consist primarily of the costs to purchase and plant nursery stock. Orchard development costs consist primarily of maintenance costs of orchards such as cultivation, pruning, irrigation, labor, pest control and fertilization, and interest costs during the development period. The Company ceases the capitalization of costs and commences depreciation when the orchards become commercially productive and orchard maintenance costs are accounted for as cultural costs as described above. Capitalized Interest Interest is capitalized on real estate development projects and significant construction in progress using the weighted average interest rate during the fiscal year. Capitalized interest is included in property, plant, and equipment, equity in investments and real estate development assets in the Company’s consolidated balance sheets. 2. Summary of Significant Accounting Policies (continued) Real Estate Development Costs The Company capitalizes the planning, entitlement, construction, development costs and interest associated with its various real estate projects. Costs that are not capitalized, which include property maintenance and repairs, general and administrative and marketing expenses, are expensed as incurred. A real estate development project is considered substantially complete upon the cessation of construction and development activities. Once a project is substantially completed, future costs are expensed as incurred. The Company capitalized costs related to its real estate projects of $281,000 and $637,000 in fiscal years 2023 and 2022, respectively. Equity in Investments Investments in unconsolidated joint ventures in which the Company has significant influence but less than a controlling interest, or is not the primary beneficiary if the joint venture is determined to be a Variable Interest Entity (“VIE”), are accounted for under the equity method of accounting and, accordingly, are adjusted for capital contributions, distributions, capitalized interest and the Company’s equity in net earnings or loss of the respective joint venture. The Company evaluates equity method investments for impairment whenever events or changes in circumstances exist that may indicate the investments are no longer recoverable or have incurred an other-than-temporary decline in value. Long-Lived and Intangible Assets Intangible assets consist primarily of customer relationships, trade names and trademarks and a non-competition agreement. The Company’s definite-life intangible assets are being amortized on a straight-line basis over their estimated lives ranging from eight The Company evaluates long-lived assets, including its property and equipment, real estate development projects and definite-life intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. If the estimated fair value or undiscounted future cash flows from the use of an asset are less than the carrying value of that asset, a write-down is recorded to reduce the carrying value of the asset to its estimated fair value. The Company evaluates its indefinite-life intangible assets annually or whenever events or changes in circumstances indicate an impairment of the assets’ value may exist. COVID-19 Pandemic Goodwill 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. Goodwill impairment is tested at the reporting unit level, which is defined as an operating segment or one level below the operating segment. The annual, or interim, goodwill impairment test is performed by comparing the fair value of a reporting unit with its carrying amount. An impairment charge is recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Goodwill impairment testing involves significant judgment and estimates. Fair Values of Financial Instruments Accounts receivable, accounts payable, growers and suppliers payable and accrued liabilities reported on the Company’s consolidated balance sheets approximate their fair values due to the short-term nature of the instruments. Based on the borrowing rates currently available to the Company for bank loans with similar terms and maturities, the fair value of long-term debt is approximately equal to its carrying amount as of October 31, 2023 and 2022. Comprehensive Income (Loss) Comprehensive income (loss) represents all changes in a company’s net assets, except changes resulting from transactions with stockholders. Other comprehensive income or loss 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 the changes in other comprehensive income (loss) by component at October 31(in thousands): 2023 2022 2021 Pre-tax Amount Tax Benefit (Expense) Net Amount Pre-tax Amount Tax Benefit (Expense) Net Amount Pre-tax Amount Tax Expense Net Amount Foreign currency translation adjustments $ 518 $ — $ 518 $ (2,430) $ — $ (2,430) $ (685) $ — $ (685) Minimum pension liability adjustments: Other comprehensive (loss) income before reclassifications (355) 135 (220) (254) 71 (183) 3,440 (940) 2,500 Amounts reclassified to earnings included in “Other (expense) income, net” 2,700 (756) 1,944 607 (169) 438 — — — Other comprehensive income (loss) $ 2,863 $ (621) $ 2,242 $ (2,077) $ (98) $ (2,175) $ 2,755 $ (940) $ 1,815 The following table summarizes the changes in accumulated other comprehensive (loss) income by component (in thousands): Foreign Currency Translation Loss Defined Benefit Pension Plan Accumulated Other Comprehensive (Loss) Income Balance as of October 31, 2020 $ (3,069) $ (4,479) $ (7,548) Other comprehensive (loss) income (685) 2,500 1,815 Balance as of October 31, 2021 (3,754) (1,979) (5,733) Other comprehensive (loss) income (2,430) 255 (2,175) Balance as of October 31, 2022 (6,184) (1,724) (7,908) Other comprehensive income 518 1,724 2,242 Balance as of October 31, 2023 $ (5,666) $ — $ (5,666) Foreign Currency The Company has foreign subsidiaries whose functional currencies are the Chilean Peso. Their balance sheets are translated to U.S. dollars at exchange rates in effect at the balance sheet date and their income statements are translated at average exchange rates during the reporting period. The resulting foreign currency translation adjustments are recorded as a separate component of accumulated other comprehensive (loss) income. The Company's foreign subsidiaries incurred aggregate foreign exchange transaction losses of approximately $204,000 in both of the fiscal years 2023 and 2022 and $646,000 for fiscal year 2021. These losses are included in selling, general and administrative expenses in the consolidated statements of operations. Revenue Recognition The Company recognizes revenue in accordance with ASC 606, Revenue from contracts with customers , and recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. To achieve that core principle, the Company applies the following steps: • Identify the contract(s) with a customer; • Identify the performance obligations in the contract; • Determine the transaction price; • Allocate the transaction price to the performance obligations in the contract; • Recognize revenue when (or as) the entity satisfies a performance obligation. The Company determines the appropriate method by which it recognizes revenue by analyzing the nature of the products or services being provided as well as the terms and conditions of contracts or arrangements entered into with its customers. The Company accounts for a contract when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable. A contract's transaction price is allocated to each distinct good or service (i.e., performance obligation) identified in the contract and each performance obligation is valued based on its estimated relative standalone selling price. The Company recognizes the majority of its revenue at a point in time when it satisfies a performance obligation and transfers control of the product to the respective customer. The amount of revenue that is recognized is based on the transaction price, which represents the invoiced amount and includes estimates of variable consideration such as allowances for estimated customer discounts or concessions, where applicable. The amount of variable consideration included in the transaction price may be constrained and is included only to the extent that it is probable that a significant reversal in the amount of the cumulative revenue recognized under the contract will not occur in a future period. Agribusiness revenue - Revenue from lemon sales is generally recognized at a point in time when the customer takes control of the fruit from the Company’s packinghouse, which aligns with the transfer of title to the customer. The Company has elected to treat any shipping and handling costs incurred after control of the goods has been transferred to the customer as agribusiness costs. The Company’s avocados are packed and sold by third-party packinghouses. The Company’s arrangements with its third-party packinghouses are such that the Company is the producer and supplier of the product and the third-party packinghouses are the Company’s customers. The Company controls the product until it is delivered to the third-party packinghouses at which time control of the product is transferred to the third-party packinghouses and revenue is recognized. Revenue from crop insurance proceeds is recorded when the amount can be reasonably determined and upon establishment of the present right to payment. We recorded agribusiness revenues from crop insurance proceeds of $769,000 and $449,000 in fiscal years 2023 and 2022, respectively. There were no proceeds received in fiscal year 2021. Advertising Expense Advertising costs are expensed as incurred. Advertising costs were immaterial in fiscal year 2023 and $165,000 and $178,000 in fiscal years 2022 and 2021, respectively. Leases Accounting for Leases as a Lessee - The Company enters into leases as a lessee generally for agricultural land and packinghouse facilities and equipment. The Company determines if an arrangement is a lease or contains a lease at inception. Operating and finance leases are included in other assets, accrued liabilities and other long-term liabilities on its consolidated balance sheets. Lease right-of-use (“ROU”) assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease, measured on a discounted basis. Lease ROU assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. The Company uses either its incremental borrowing rate based on the information available at commencement date, or the rate implicit in the lease, if known, in determining the present value of future payments. Leases (continued) Operating lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet as the Company has elected to recognize lease expense for these leases on a straight-line basis over the lease term. The Company had material leases with related parties which are further described in Note 15 - Related-Party Transactions. Certain of the Company’s agricultural land agreements contain variable costs based on a percentage of the operating results of the leased property. Such variable lease costs are expensed as incurred. These land agreements also contain costs for non-lease components, such as water usage, which the Company accounts for separately from the lease components. For all other agreements, the Company generally combines lease and non-lease components in calculating the ROU assets and lease liabilities. See Note 13 - Leases for additional information. Accounting for Leases as a Lessor - Leases in which the Company acts as the lessor include land, residential and commercial units and are all classified as operating leases. Certain of the Company’s contracts contain variable income based on a percentage of the operating results of the leased asset. Certain of the Company’s contracts contain non-lease components such as water, utilities and common area services. The Company has elected to not separate lease and non-lease components for its lessor arrangements and the combined component is accounted for entirely under ASC 842, Leases . The underlying asset in an operating lease arrangement is carried at depreciated cost within property, plant, and equipment, net on the consolidated balance sheets. Depreciation is calculated using the straight-line method over the useful life of the underlying asset. The Company recognizes operating lease revenue on a straight-line basis over the lease term. Basic and Diluted Net Income (Loss) per Share Basic net income (loss) per common share is calculated using the weighted-average number of common shares outstanding during the period without consideration of the dilutive effect of conversion of preferred stock. Diluted net income (loss) per common share is calculated using the weighted-average number of common shares outstanding during the period plus the dilutive effect of conversion of unvested, restricted stock and preferred stock. Diluted net income (loss) per common share is calculated using the more dilutive method of either the two-class method or the treasury stock method. Unvested stock-based compensation awards that contain non-forfeitable rights to dividends as participating shares are included in computing earnings per share. The Company’s unvested, restricted stock awards qualify as participating shares. Defined Benefit Retirement Plan The Company sponsored a defined benefit retirement plan (the “Plan”) that was frozen in June 2004, and no future benefits accrued to participants subsequent to that time. In fiscal year 2021, the Company terminated the Plan effective December 31, 2021. On November 4, 2022, the Company entered into an agreement with Principal Life Insurance Company for the purchase of an annuity contract in connection with the Plan termination. On November 10, 2022, the annuity contract was purchased for $12,617,000, payable with Plan assets and a $2,500,000 cash payment from the Company.

Asset Sales and Disposals

Asset Sales and Disposals	12 Months Ended
	Oct. 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. After transaction costs the Company received net proceeds of $98,411,000. 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 The proceeds were used to pay down all of the Company’s domestic debt except the AgWest Farm Credit $40,000,000 non-revolving line of credit. The Northern Properties component, including an allocation of interest expense related to the debt directly repaid through the transaction, had a pretax (loss) gain of $(1,667,000), $(1,236,000) and $3,334,000 for fiscal years 2023, 2022 and 2021, respectively. 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 fiscal year 2023. Oxnard Lemon In October 2022, the Company sold the Oxnard Lemon property and packing facility located in Ventura County, California. The Company received net proceeds of $19,144,000 and recognized a gain of approximately $846,000, which is included in (gain) loss on disposal of assets, net in the consolidated statements of operations. Concurrent with the closing of the sale, the Company entered into a lease agreement to continue use of the property as a lessee for a period of 36 months from the closing date, with extension options for an additional 24 months.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	12 Months Ended
	Oct. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following as of October 31 (in thousands): 2023 2022 Prepaid supplies and insurance $ 1,667 $ 2,958 Assets held for sale 535 2,670 Sales tax receivable 490 475 Income tax receivable 816 — Lemon supplier advances 791 1,188 Other 1,289 1,205 $ 5,588 $ 8,496

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Oct. 31, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment consist of the following as of October 31 (in thousands): 2023 2022 Land $ 55,974 $ 87,617 Land improvements 29,925 37,221 Buildings and building improvements 36,983 37,929 Equipment 58,574 61,615 Orchards and vineyards 43,258 60,657 Construction in progress 16,977 28,489 241,691 313,528 Less accumulated depreciation (81,060) (90,900) $ 160,631 $ 222,628 Depreciation expense was $7,701,000, $9,075,000 and $8,883,000 for fiscal years 2023, 2022 and 2021, respectively. Refer to Note 3 - Asset Sales and Disposals for discussion on the Company's significant property, plant and equipment transactions.

Real Estate Development

Real Estate Development	12 Months Ended
	Oct. 31, 2023
Real Estate [Abstract]
Real Estate Development	Real Estate Development Real estate development assets are comprised of land and land development costs for the East Area II property in the amount of $9,987,000 and $9,706,000 as of October 31, 2023 and 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. The Company and LLCB also entered into a Retained Property Development Agreement on the Transaction Date (the “Retained Property Agreement”). Under the terms of the Retained Property Agreement, LLCB transferred certain contributed East Area I property, which is entitled for commercial development, back to the Company (the “Retained Property”) and arranged for the design and construction of certain improvements to the Retained Property, subject to certain reimbursements by the Company. The balance in East Area II includes estimated costs incurred by and reimbursable to LLCB of $3,444,000 as of October 31, 2023 and 2022, which is included in payables to related parties. 6. Real Estate Development (continued) 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 no outstanding balance of as of October 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 and the Loan terminates. 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. In October 2022, the Company entered into a joint venture with Lewis for the development of the Retained Property. The Company formed LLCB II, LLC (“LLCB II”) as the development entity, contributed the Retained Property to the joint venture and sold a 50% interest to Lewis for $7,975,000. After transaction costs, the Company received net proceeds of $7,917,000 and recorded a gain on the transaction of $4,652,000, of which $465,000 was deferred and $4,187,000 is included in (gain) loss on disposal of assets, net in the consolidated statements of operations for fiscal year 2022. The joint venture partners will share in the capital contributions to fund project costs until loan proceeds and/or revenues are sufficient to fund the project. In connection with the closing, the Company and Lewis amended LLCB’s Limited Liability Company Agreement to provide that LLCB is to include the processing of final approval for additional residential units to be developed and constructed on the Retained Property. The Company made contributions of $525,000 to LLCB II in fiscal year 2023. Through October 31, 2023, LLCB has closed on lot sales representing 707 residential units since inception, including 121 residential units in fiscal year 2023. 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 fiscal year 2023. In December 2017, the Company sold its Centennial property with a net book value of $2,983,000 for $3,250,000. The Company received cash and a $3,000,000 promissory note secured by the property for the balance of the purchase. In fiscal year 2022, the promissory note was paid in full and the deferred gain of $161,000 was recorded in (gain) loss on disposal of assets, net.

Equity in Investments

Equity in Investments	12 Months Ended
	Oct. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Equity in Investments	Equity in Investments Limco Del Mar, Ltd. The Company has a 1.3% interest in Limco Del Mar, Ltd. (“Del Mar”) as a general partner and a 26.8% interest as a limited partner. Based on the terms of the partnership agreement, the Company may be removed as general partner without cause from the partnership upon the vote of the limited partners owning an aggregate of 50% or more interest in the partnership. Since the Company has significant influence, but less than a controlling interest, the Company’s investment in Del Mar is accounted for using the equity method of accounting. The Company provides Del Mar with farm management, orchard land development and accounting services and received expense reimbursements of $206,000, $202,000 and $200,000 in fiscal years 2023, 2022 and 2021, respectively. Del Mar markets lemons through the Company pursuant to its customary marketing agreements and the amount of lemons procured from Del Mar was $1,161,000, $1,568,000 and $1,681,000 in fiscal years 2023, 2022 and 2021, respectively. Fruit proceeds due to Del Mar were $347,000 and $703,000 as of October 31, 2023 and 2022, respectively, and are included in growers and suppliers payable in the accompanying consolidated balance sheets. 7. Equity in Investments (continued) Romney Property Partnership In May 2007, the Company and an individual formed the Romney Property Partnership (“Romney”) for the purpose of owning and leasing an office building and adjacent lot in Santa Paula, California. The Company paid $489,000 in 2007 for 75% interest in Romney. The terms of the partnership agreement affirm the status of the Company as a noncontrolling investor in the partnership since the Company cannot exercise unilateral control over the partnership. Since the Company has significant influence, but less than a controlling interest, the Company’s investment in Romney is accounted for using the equity method of accounting. Net profits, losses and cash flows of Romney are shared by the Company, which receives 75% and the individual, who receives 25%. Rosales S.A. The Company currently has a 47% equity interest in Rosales S.A. (“Rosales”) of which 35% was acquired in fiscal year 2014 and an additional 12% interest was acquired with the purchase of Fruticola Pan de Azucar S.A. (“PDA”) in fiscal year 2017. Rosales is a citrus packing, marketing and sales business located in La Serena, Chile. In addition, the Company has the right to acquire the interest of the majority shareholder of Rosales upon death or disability of Rosales’ general manager for the fair value of the interest on the date of the event as defined in the shareholders’ agreement. Since the Company has significant influence, but less than a controlling interest, the Company’s investment in Rosales is accounted for using the equity method of accounting. Rosales’ functional currency is the Chilean Peso. The following financial information has been translated to U.S. dollars. In addition, as a result of the Company’s acquisition of its equity interest, basis differences were identified between the historical cost of the net assets of Rosales and the proportionate fair value of the net assets acquired. Such basis differences aggregated to $1,683,000 on the acquisition date and are primarily comprised of intangible assets, including $343,000 of equity method goodwill. An additional $925,000 of basis differences were identified with the February 2017 PDA acquisition, including $143,000 of equity method goodwill. The $2,122,000 in basis differences exclusive of goodwill is being amortized over the estimated life of the underlying intangible assets as a reduction in the equity investment and an expense included in equity in earnings of investments. Amortization amounted to $87,000, $118,000 and $180,000 for fiscal years 2023, 2022 and 2021, respectively, and is estimated to be immaterial thereafter. The Company recognized $4,581,000, $3,615,000 and $3,405,000 of lemon sales to Rosales in fiscal years 2023, 2022 and 2021, respectively. The aggregate amount of lemons and oranges procured from Rosales was $5,826,000, $3,821,000 and $5,304,000 in fiscal years 2023, 2022 and 2021, respectively. Net amounts due from Rosales were $626,000 and $270,000 as of October 31, 2023 and 2022, respectively, and are included in receivables/other from related parties and payables to related parties. Limoneira Lewis Community Builders, LLC (“LLCB”) As described in Note 6 – Real Estate Development, the Company has a joint venture with Lewis for the residential development of its East Area I real estate development project. In addition to the assessment performed by the Company of its investment in LLCB under the requirements of Regulation S-X Rule 4-08(g), the Company also assessed its investment in LLCB under the requirements of Regulation S-X Rule 3-09(b). LLCB was deemed significant for the years ended October 31, 2023 and 2021 but was not significant for the year ended October 31, 2022. Therefore, the audited financial statements of LLCB for the years ended October 31, 2023, 2022 and 2021 are provided as exhibits to this document to comply with this rule. Additionally, there is a basis difference between the Company’s historical investment in the project and the amount recorded in members’ capital by LLCB of $58,282,000 as of October 31, 2023. The basis difference of $8,006,000 as of October 31, 2023 is primarily comprised of capitalized interest, amounts related to the loan guarantee and certain other costs incurred by Limoneira Company during the development period. This basis difference is being amortized as lots are sold utilizing the relative sales value method and the amount amortized totaled $717,000, $77,000 and $1,434,000 in fiscal years 2023, 2022 and 2021, respectively. The Company's share of LLCB's net income prior to basis amortization was $5,851,000, $1,015,000 and $4,508,000 for fiscal years 2023, 2022 and 2021, respectively. LLCB II, LLC (“LLCB II”) As described in Note 6 - Real Estate Development, in October 2022, the Company formed a joint venture with Lewis for the residential development of its Retained Property. Control is shared with Lewis, therefore the Company's investment in LLCB II is accounted for using the equity method of accounting. 7. Equity in Investments (continued) The following is financial information of the equity method investees for fiscal years 2023, 2022 and 2021 (in thousands): 2023 Del Mar Romney Rosales LLCB LLCB II Current assets $ — $ 13 $ 3,637 $ 124,939 $ 17,094 Non-current assets $ 797 $ 597 $ 2,547 $ — $ — Current liabilities $ 13 $ 3 $ 3,032 $ 7,104 $ — Non-current liabilities $ — $ — $ 1,085 $ — $ — Revenues $ 1,434 $ 22 $ 10,903 $ 30,933 $ — Operating income (loss) $ 100 $ (4) $ 738 $ 11,770 $ (2) Net income (loss) $ 100 $ (4) $ 538 $ 11,770 $ (2) 2022 Current assets $ 654 $ — $ 3,478 $ 116,596 $ 16,051 Non-current assets $ 807 $ 612 $ 2,606 $ — $ — Current liabilities $ — $ — $ 3,076 $ 10,531 $ 5 Non-current liabilities $ — $ — $ 1,686 $ — $ — Revenues $ 2,882 $ 6 $ 7,177 $ 2,500 $ — Operating income (loss) $ 1,823 $ (1) $ 272 $ 1,809 $ — Net income (loss) $ 1,823 $ (1) $ 26 $ 1,809 $ — 2021 Revenues $ 2,059 $ 17 $ 9,862 $ 42,853 $ — Operating income (loss) $ 1,052 $ (4) $ 438 $ 9,087 $ — Net income (loss) $ 1,052 $ (4) $ 35 $ 9,087 $ — The Company’s investment and equity in earnings (losses) of the equity method investees are as follows (in thousands): Del Mar Romney Rosales LLCB LLCB II Total Investment balance October 31, 2020 $ 1,920 $ 511 $ 1,641 $ 57,142 $ — $ 61,214 Equity earnings (losses) 296 (3) (164) 3,074 — 3,203 Cash distributions (219) — (106) — — (325) Foreign currency adjustments — — (20) — — (20) Investment balance October 31, 2021 1,997 508 1,351 60,216 — 64,072 Equity earnings (losses) 510 (1) (106) 938 — 1,341 Cash distributions (483) — — — — (483) Investment contributions — — — — 8,023 8,023 Foreign currency adjustments — — (98) — — (98) Investment balance October 31, 2022 2,024 507 1,147 61,154 8,023 72,855 Equity earnings (losses) 28 (5) 166 5,134 (1) 5,322 Cash distributions (220) — — — — (220) Cash contributions — — — — 525 525 Capitalized interest — — — — 322 322 Foreign currency adjustments — — 12 — — 12 Investment balance October 31, 2023 $ 1,832 $ 502 $ 1,325 $ 66,288 $ 8,869 $ 78,816

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Oct. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets A summary of the change in the carrying amount of goodwill is as follows (in thousands): Goodwill Carrying Amount Balance at October 31, 2021 $ 1,527 Foreign currency translation adjustment (21) Balance at October 31, 2022 $ 1,506 Foreign currency translation adjustment 6 Balance at October 31, 2023 $ 1,512 Goodwill is tested for impairment on an annual basis or when an event or changes in circumstances indicate that its carrying value may not be recoverable. The Company concluded that no potential impairment indicators existed during any interim period and performed its annual assessment of goodwill impairment as of July 31, 2023 with no impairment noted. The Company did not incur any goodwill impairment losses in fiscal years 2023, 2022 or 2021, as the estimated fair values of its reporting units were in excess of their carrying values. As of October 31, 2023, the Company allocated goodwill to its reportable segments as follows: Fresh Lemons $942,000 and Lemon Packing $570,000, respectively. Intangible assets consist of the following as of October 31 (in thousands): 2023 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 (1,104) 1,004 8 $ 2,108 $ (881) $ 1,227 8 Customer relationships 4,037 (2,111) 1,926 9 4,037 (1,660) 2,377 9 Non-competition agreement 437 (132) 305 8 437 (76) 361 8 Acquired water and mineral rights 3,422 — 3,422 Indefinite 3,352 — 3,352 Indefinite $ 10,004 $ (3,347) $ 6,657 $ 9,934 $ (2,617) $ 7,317 Amortization expense totaled $730,000, $723,000, and $929,000 for fiscal years 2023, 2022 and 2021, respectively. Estimated future amortization expense of intangible assets are as follows (in thousands): 2024 $ 711 2025 711 2026 711 2027 427 2028 427 Thereafter 248 $ 3,235

Other Assets

Other Assets	12 Months Ended
	Oct. 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 October 31, 2023 and 2022 were $5,703,000 and $6,500,000, respectively.

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Oct. 31, 2023
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consist of the following as of October 31 (in thousands): 2023 2022 Compensation $ 2,858 $ 3,572 Property taxes 548 664 Operating expenses 2,223 2,341 Leases 2,150 2,026 Other 872 2,676 $ 8,651 $ 11,279

Long-Term Debt

Long-Term Debt	12 Months Ended
	Oct. 31, 2023
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt is comprised of the following as of October 31 (in thousands): 2023 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 5.31% at October 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. 583 675 Banco de Chile COVID-19 loans: The interest rates are fixed at 3.48%. The loans are payable in monthly installments through September 2024. 112 233 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. 314 434 Subtotal 41,009 105,902 Less deferred financing costs, net of accumulated amortization — 94 Total long-term debt, net 41,009 105,808 Less current portion 381 1,732 Long-term debt, less current portion $ 40,628 $ 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. 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 October 31, 2023, the Company's outstanding borrowings under the Supplements were $40,000,000 and it had $75,000,000 available to borrow. 11. Long-Term Debt (continued) 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. 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 1.68% 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 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. 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 on an annual basis. In September 2023, the Lender modified the covenant to defer measurement as of October 31, 2023 and resume a debt service coverage ratio of 1.25:1.0 measured as of October 31, 2024. The Company received annual cash patronage dividends from the Lender of $1,413,000, $1,582,000 and $1,170,000 in fiscal years 2023, 2022 and 2021, respectively. Interest is capitalized on non-bearing orchards, real estate development projects and significant construction in progress. The Company capitalized interest of $864,000, $582,000 and $1,110,000 during fiscal years ended 2023, 2022 and 2021, respectively. Capitalized interest is included in property, plant and equipment, real estate development assets and equity in investments in the Company’s consolidated balance sheets. Principal payments on the Company’s long-term debt are due as follows (in thousands): 2024 $ 381 2025 595 2026 40,033 $ 41,009

Other Long-Term Liabilities

Other Long-Term Liabilities	12 Months Ended
	Oct. 31, 2023
Other Liabilities Disclosure [Abstract]
Other Long-Term Liabilities	Other Long-Term Liabilities Other long-term liabilities consist of the following as of October 31 (in thousands): 2023 2022 Minimum pension liability $ — $ 2,272 Loan guarantee 1,080 1,080 Leases 2,316 5,062 Other 1,159 1,393 $ 4,555 $ 9,807

Leases

Leases	12 Months Ended
	Oct. 31, 2023
Leases [Abstract]
Leases	Leases Lessor Arrangements The Company enters into leasing transactions in which it rents certain of its assets and the Company is the lessor. These lease contracts are typically classified as operating leases with remaining terms ranging from one month to 19 years, with various renewal terms available. All of the residential rentals have month-to-month lease terms. The following table presents the components of the Company’s operating lease portfolio included in property, plant and equipment, net as of October 31 (in thousands): 2023 2022 Land and land improvements $ 12,333 $ 13,619 Buildings, equipment and building improvements 20,729 19,983 Orchards 8,410 8,410 Less: accumulated depreciation (8,931) (7,912) Property, plant and equipment, net under operating leases $ 32,541 $ 34,100 Depreciation expense for assets under operating leases was approximately $1,005,000 and $934,000 for fiscal years 2023 and 2022, respectively. The Company's rental operations revenue consists of the following for the fiscal years ended October 31 (in thousands): 2023 2022 Operating lease revenue $ 5,174 $ 4,998 Variable lease revenue 346 326 Total lease revenue $ 5,520 $ 5,324 The future minimum lease payments to be received by the Company related to these operating lease agreements as of October 31, 2023 are as follows (in thousands): 2024 $ 1,252 2025 1,031 2026 204 2027 44 2028 44 Thereafter 627 Total $ 3,202 Lessee Arrangements The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are classified as either operating or finance leases. The Company’s lease contracts are generally for agricultural land and packinghouse facilities and equipment with remaining lease terms ranging from one Lease costs consist of the following for the fiscal years ended October 31 (in thousands): 2023 2022 Operating lease costs $ 2,000 $ 537 Finance lease costs: Amortization of lease assets 145 120 Interest on lease liabilities 32 34 Variable lease costs — 242 Short-term lease costs 600 212 Total lease costs $ 2,777 $ 1,145 Supplemental balance sheet information related to leases consists of the following as of October 31 (in thousands): Classification 2023 2022 Assets Operating lease ROU assets Other assets $ 3,484 $ 6,190 Finance lease assets Other assets 1,182 1,091 $ 4,666 $ 7,281 Liabilities Current operating lease liabilities Accrued liabilities and payables to related parties $ 1,831 $ 1,892 Current finance lease liabilities Accrued liabilities 319 268 Non-current operating lease liabilities Other long-term liabilities 1,714 4,347 Non-current finance lease liabilities Other long-term liabilities 602 715 $ 4,466 $ 7,222 Weighted-average remaining lease term (in years): Operating leases 1.6 5.1 Finance leases 3.1 3.9 Weighted-average discount rate: Operating leases 4.9 % 6.1 % Finance leases 4.2 % 3.5 % 13. Leases (continued) Lessee Arrangements (continued) Supplemental cash flow information related to leases consists of the following for the fiscal years ended October 31 (in thousands): 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 1,931 $ 577 Operating cash outflows from finance leases $ 32 $ 35 Financing cash outflows from finance leases $ 297 $ 219 ROU assets obtained in exchange for new operating lease liabilities $ 138 $ 4,612 Leased assets obtained in exchange for new finance lease liabilities $ 235 $ 68 Write off of ROU asset and operating lease liability $ (1,206) $ — Future minimum lease payments under non-cancellable leases are as follows (in thousands), which excludes $870,000 of operating lease payments for leases that have been signed but not commenced: Operating Finance Total 2024 $ 1,822 $ 319 $ 2,141 2025 1,815 319 2,134 2026 114 299 413 2027 23 46 69 Total lease payments 3,774 983 4,757 Less: Imputed interest (229) (62) (291) Present value of lease liabilities $ 3,545 $ 921 $ 4,466 In addition to operating and finance lease commitments, the Company also has financing transactions which do not meet the definition of a lease, with minimum future payments of $224,000 in fiscal years 2024, 2025 and 2026 and $37,000 in fiscal year 2027.
Leases	Leases Lessor Arrangements The Company enters into leasing transactions in which it rents certain of its assets and the Company is the lessor. These lease contracts are typically classified as operating leases with remaining terms ranging from one month to 19 years, with various renewal terms available. All of the residential rentals have month-to-month lease terms. The following table presents the components of the Company’s operating lease portfolio included in property, plant and equipment, net as of October 31 (in thousands): 2023 2022 Land and land improvements $ 12,333 $ 13,619 Buildings, equipment and building improvements 20,729 19,983 Orchards 8,410 8,410 Less: accumulated depreciation (8,931) (7,912) Property, plant and equipment, net under operating leases $ 32,541 $ 34,100 Depreciation expense for assets under operating leases was approximately $1,005,000 and $934,000 for fiscal years 2023 and 2022, respectively. The Company's rental operations revenue consists of the following for the fiscal years ended October 31 (in thousands): 2023 2022 Operating lease revenue $ 5,174 $ 4,998 Variable lease revenue 346 326 Total lease revenue $ 5,520 $ 5,324 The future minimum lease payments to be received by the Company related to these operating lease agreements as of October 31, 2023 are as follows (in thousands): 2024 $ 1,252 2025 1,031 2026 204 2027 44 2028 44 Thereafter 627 Total $ 3,202 Lessee Arrangements The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are classified as either operating or finance leases. The Company’s lease contracts are generally for agricultural land and packinghouse facilities and equipment with remaining lease terms ranging from one Lease costs consist of the following for the fiscal years ended October 31 (in thousands): 2023 2022 Operating lease costs $ 2,000 $ 537 Finance lease costs: Amortization of lease assets 145 120 Interest on lease liabilities 32 34 Variable lease costs — 242 Short-term lease costs 600 212 Total lease costs $ 2,777 $ 1,145 Supplemental balance sheet information related to leases consists of the following as of October 31 (in thousands): Classification 2023 2022 Assets Operating lease ROU assets Other assets $ 3,484 $ 6,190 Finance lease assets Other assets 1,182 1,091 $ 4,666 $ 7,281 Liabilities Current operating lease liabilities Accrued liabilities and payables to related parties $ 1,831 $ 1,892 Current finance lease liabilities Accrued liabilities 319 268 Non-current operating lease liabilities Other long-term liabilities 1,714 4,347 Non-current finance lease liabilities Other long-term liabilities 602 715 $ 4,466 $ 7,222 Weighted-average remaining lease term (in years): Operating leases 1.6 5.1 Finance leases 3.1 3.9 Weighted-average discount rate: Operating leases 4.9 % 6.1 % Finance leases 4.2 % 3.5 % 13. Leases (continued) Lessee Arrangements (continued) Supplemental cash flow information related to leases consists of the following for the fiscal years ended October 31 (in thousands): 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 1,931 $ 577 Operating cash outflows from finance leases $ 32 $ 35 Financing cash outflows from finance leases $ 297 $ 219 ROU assets obtained in exchange for new operating lease liabilities $ 138 $ 4,612 Leased assets obtained in exchange for new finance lease liabilities $ 235 $ 68 Write off of ROU asset and operating lease liability $ (1,206) $ — Future minimum lease payments under non-cancellable leases are as follows (in thousands), which excludes $870,000 of operating lease payments for leases that have been signed but not commenced: Operating Finance Total 2024 $ 1,822 $ 319 $ 2,141 2025 1,815 319 2,134 2026 114 299 413 2027 23 46 69 Total lease payments 3,774 983 4,757 Less: Imputed interest (229) (62) (291) Present value of lease liabilities $ 3,545 $ 921 $ 4,466 In addition to operating and finance lease commitments, the Company also has financing transactions which do not meet the definition of a lease, with minimum future payments of $224,000 in fiscal years 2024, 2025 and 2026 and $37,000 in fiscal year 2027.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Oct. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic net income (loss) per common share is calculated using the weighted-average number of common shares outstanding during the period without consideration of the dilutive effect of conversion of preferred stock. Diluted net income (loss) per common share is calculated using the weighted-average number of common shares outstanding during the period plus the dilutive effect of conversion of unvested, restricted stock and preferred stock. The Series B and Series B-2 convertible preferred shares were anti-dilutive for fiscal years 2023, 2022 and 2021. The computations for basic and diluted net income (loss) per common share are as follows for the fiscal years ended October 31 (in thousands, except per share data): 2023 2022 2021 Basic net income (loss) per common share: Net income (loss) applicable to common stock $ 8,899 $ (737) $ (3,942) Effect of unvested, restricted stock (146) (50) (35) Numerator: Net income (loss) for basic EPS 8,753 (787) (3,977) Denominator: Weighted average common shares–basic 17,603 17,513 17,555 Basic net income (loss) per common share $ 0.50 $ (0.04) $ (0.23) Diluted net income (loss) per common share: Net income (loss) for basic EPS $ 8,753 $ (787) $ (3,977) Effect of dilutive preferred stock — — — Numerator: Net income (loss) for diluted EPS 8,753 (787) (3,977) Weighted average common shares–basic 17,603 17,513 17,555 Effect of dilutive preferred stock — — — Denominator: Weighted average common shares–diluted 17,603 17,513 17,555 Diluted net income (loss) per common share $ 0.50 $ (0.04) $ (0.23) Diluted net income (loss) per common share is calculated using the more dilutive method of either the two-class method or the treasury stock method. Unvested stock-based compensation awards that contain non-forfeitable rights to dividends as participating shares are included in computing earnings per share. The Company’s unvested, restricted stock awards qualify as participating shares. Diluted net income (loss) per common share was calculated under the two-class method for fiscal years 2023 and 2022. The Company excluded 117,000 unvested, restricted shares, as calculated under the treasury stock method, from its computation of diluted net loss per common share for fiscal year 2021.

Related-Party Transactions

Related-Party Transactions	12 Months Ended
	Oct. 31, 2023
Related Party Transactions [Abstract]
Related-Party Transactions	Related-Party Transactions The Company has transactions with equity method investments and various related parties summarized in Note 6 - Real Estate Development, Note 7 - Equity in Investments and in the tables below (in thousands): October 31, 2023 October 31, 2022 Balance Sheet Balance Sheet Ref Related-Party Receivables/Other from Related Parties Other Assets Payables to Related Parties Other Long-Term Liabilities Receivables/Other from Related Parties Other Assets Payables to Related Parties Other Long-Term Liabilities 2 Mutual water companies $ — $ 523 $ 48 $ — $ — $ 506 $ 133 $ — 5 Cadiz / Fenner / WAM $ — $ — $ 206 $ — $ — $ 1,288 $ 446 $ 1,198 7 YMIDD $ 571 $ — $ — $ — $ — $ — $ — $ — 8 FGF $ 2,681 $ 2,519 $ 837 $ — $ 2,965 $ 2,652 $ 837 $ — 9 LLCB $ 66 $ — $ 3,444 $ — $ 66 $ — $ 3,444 $ — 15. Related-Party Transactions (continued) Year Ended October 31, 2023 Year Ended October 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 $ — $ 888 $ — $ — $ — $ 869 $ — $ — 2 Mutual water companies $ — $ — $ 1,306 $ — $ — $ — $ 1,454 $ — 3 Cooperative association $ — $ — $ 1,689 $ — $ — $ — $ 1,834 $ — 4 Calavo $ — $ — $ — $ — $ — $ 80 $ 2 $ 126 5 Cadiz / Fenner / WAM $ — $ — $ 2,074 $ — $ — $ — $ 1,467 $ — 7 YMIDD $ 1,080 $ — $ 134 $ — $ 225 $ — $ 142 $ — 8 FGF $ 330 $ 224 $ — $ — $ 673 $ 343 $ 25 $ — 12 Principal owner $ — $ — $ — $ 867 $ — $ — $ — $ 593 Year Ended October 31, 2021 Consolidated Statement of Operations Ref Related-Party Net Revenue Agribusiness Net Revenue Other Operations Agribusiness Expense and Other Dividends Paid 1 Employees $ — $ 814 $ — $ — 2 Mutual water companies $ — $ — $ 1,160 $ — 3 Cooperative association $ — $ — $ 1,750 $ — 4 Calavo $ 6,594 $ 320 $ 721 $ 503 5 Cadiz / Fenner / WAM $ — $ — $ 338 $ — 6 Colorado River Growers $ 157 $ — $ 2,772 $ — 7 YMIDD $ — $ — $ 123 $ — 8 FGF $ 4,129 $ — $ 2,884 $ — 10 Freska $ 128 $ — $ 150 $ — 11 Third-party growers $ — $ — $ 147 $ — (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. (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 9 - 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. (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 was 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 ROU asset and corresponding lease liability, which were written off in fiscal year 2023 upon cessation of farming operations. (6) (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 and has a receivable outstanding. (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 6 - Real Estate Development. (10) Freska - A former member of the Company's board of directors is a majority shareholder of Freska Produce International, LLC (“Freska”). The Company had avocado sales to Freska and corresponding receivables for such sales. The former board member resigned effective June 14, 2022 and Freska is no longer a related-party. (11) Third-party growers - A former member of the Company's board of directors 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	12 Months Ended
	Oct. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes A reconciliation of income (loss) before income taxes for domestic and foreign locations for the fiscal years ended October 31 are as follows (in thousands): 2023 2022 2021 United States $ 14,395 $ 1,911 $ (1,459) Foreign (1,031) (1,562) (2,704) Income (loss) before income taxes $ 13,364 $ 349 $ (4,163) The components of the (provision) benefit for income taxes for the fiscal years ended October 31 are as follows (in thousands): 2023 2022 2021 Current: Federal $ (5,696) $ (178) $ 37 State (498) (93) 40 Foreign — (4) — Total current tax (provision) benefit (6,194) (275) 77 Deferred: Federal 2,665 (477) (17) State (717) (127) 127 Foreign (1) 56 79 Total deferred tax (provision) benefit 1,947 (548) 189 Total income tax (provision) benefit $ (4,247) $ (823) $ 266 16. Income Taxes (continued) Deferred income taxes reflect the net of temporary differences between the carrying amount of the assets and liabilities for financial reporting and income tax purposes. The components of deferred income tax assets as of October 31 are as follows (in thousands): 2023 2022 Deferred income tax assets: Reserves and other accruals $ 698 $ 752 Net operating losses 1,970 5,917 Lease liabilities 951 1,672 Minimum pension liability adjustment — 621 Other assets 43 151 Stock-based compensation 1,320 604 Total deferred income tax assets 4,982 9,717 Valuation allowance (2,299) (1,536) Total net deferred income tax assets 2,683 8,181 Deferred income tax liabilities: Property taxes (19) (135) Depreciation (13,335) (18,343) Amortization (107) (175) Land and other indefinite life assets (4,138) (6,592) Investment in joint ventures and other basis adjustments (6,119) (4,449) Right-of-use assets (935) (1,660) Prepaids and receivables (178) (298) Other (24) (26) Total deferred income tax liabilities (24,855) (31,678) Net deferred income tax liabilities $ (22,172) $ (23,497) Deferred income taxes — noncurrent assets $ — $ — Deferred income taxes — noncurrent liabilities $ (22,172) $ (23,497) The Company periodically evaluates the recoverability of the deferred tax assets. The Company recognizes deferred tax assets to the extent that it believes that these assets are more likely than not to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. The Company has recorded a valuation allowance of $2,299,000 on the net deferred tax assets of its subsidiaries in Argentina, Chile and Holland as of October 31, 2023 as the Company does not believe it is more likely than not that these deferred tax assets will be realized due to the recent history of cumulative pre-tax book losses and lack of objectively verifiable future sources of taxable income. 16. Income Taxes (continued) As of October 31, 2023, the Company has recorded a deferred tax asset of $1,970,000 related to its state and foreign net operating loss carryforwards. The net operating losses begin to expire as follows (in thousands): Jurisdiction Gross Amount Begin to Expire State 1,195 10/31/2040 Chile 3,232 Indefinite Holland 144 10/31/2025 Argentina 4,043 10/31/2025 The provision for income taxes differs from the amount of income tax determined by applying the U.S. statutory federal income tax rate to pretax income as a result of the following differences for the fiscal years ended October 31 (in thousands): 2023 2022 2021 Amount % Amount % Amount % (Provision) benefit at statutory rates $ (2,806) (21.0) % $ (73) (21.0) % $ 874 (21.0) % State income tax, net of federal benefit (814) (6.2) % (74) (21.1) % 224 (5.4) % Share-based compensation 20 0.2 % (110) (31.2) % (217) 5.2 % Executive compensation (395) (3.0) % (98) (27.9) % (45) 1.1 % Tax law change 137 1.0 % — — % 57 (1.4) % State rate adjustment (95) (0.7) % (59) (16.9) % (78) 1.9 % Valuation allowance (436) (3.3) % (357) (101.8) % (831) 20.0 % Foreign rate differential 66 0.5 % 74 21.1 % 130 (3.1) % Noncontrolling interest (48) (0.4) % (41) (11.8) % (83) 2.0 % Other permanent items 247 1.9 % (12) (3.5) % 235 (5.7) % Tax credit and others (123) (0.8) % (73) (20.7) % — — % Total income tax (provision) benefit $ (4,247) (31.8) % $ (823) (234.8) % $ 266 (6.4) % As of October 31, 2023 and 2022, the Company had no unrecognized tax benefits. The Company files income tax returns in the U.S., California, Arizona, Chile, Argentina and Holland. The Company is no longer subject to significant U.S., state and Chilean income tax examinations for years prior to the statutory periods of three years for federal, four years for state and three years for Chilean tax jurisdictions. 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 October 31, 2023.

Retirement Plans

Retirement Plans	12 Months Ended
	Oct. 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 fiscal year 2023, the Company made funding contributions of $2,500,000 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 fiscal year 2022. Plan assets were invested in a group trust consisting primarily of cash. 17. Retirement Plans (continued) The following tables set forth the Plan’s net periodic benefit cost, changes in benefit obligation and Plan assets, funded status, amounts recognized in the Company’s consolidated balance sheets, additional year-end information and assumptions used in determining the benefit obligations and net periodic benefit cost. The components of net periodic benefit cost for the Plan at October 31 were as follows (in thousands): 2023 2022 Administrative expenses $ 20 $ 718 Interest cost 34 520 Expected return on plan assets (17) (511) Prior service cost 4 45 Amortization of net loss — 398 Settlement loss recognized 2,700 607 Net periodic benefit cost $ 2,741 $ 1,777 17. Retirement Plans (continued) Following is a summary of the Plan’s funded status at October 31 (in thousands): 2023 2022 Change in benefit obligation: Benefit obligation at beginning of year $ 14,607 $ 21,417 Administrative expenses 20 718 Plan settlements (14,427) (3,604) Interest cost 35 520 Benefits paid (100) (1,327) Expenses paid (220) (643) Benefits and expenses payable (198) — Transfer in 99 — Actuarial loss (gain) 184 (2,474) Benefit obligation at end of year $ — $ 14,607 Change in plan assets: Fair value of plan assets at beginning of year $ 12,335 $ 20,570 Actual return on plan assets 11 (2,661) Plan settlements (14,427) (3,604) Employer contributions 2,500 — Benefits paid (100) (1,327) Expenses paid (220) (643) Benefits and expenses payable (198) — Transfer in 99 — Fair value of plan assets at end of year $ — $ 12,335 Reconciliation of funded status: Fair value of plan assets $ — $ 12,335 Benefit obligations — 14,607 Net plan obligations $ — $ (2,272) Amounts recognized in statements of financial position: Noncurrent liabilities $ — $ (2,272) Net obligation recognized in statements of financial position $ — $ (2,272) Reconciliation of amounts recognized in statements of financial position: Prior service cost $ — $ (54) Net loss — (2,459) Accumulated other comprehensive loss — (2,513) Accumulated contributions in excess of net periodic benefit cost — 241 Net deficit recognized in statements of financial position $ — $ (2,272) 17. Retirement Plans (continued) Presented below are changes in accumulated other comprehensive income, before tax, in the Plan at October 31, (in thousands): 2023 2022 Changes recognized in other comprehensive income: Net loss arising during the year $ 190 $ 697 Amortization of prior service cost (54) (45) Amortization of net loss (2,649) (1,005) Total recognized in other comprehensive income $ (2,513) $ (353) Total recognized in net periodic benefit and other comprehensive loss $ 228 $ 1,424 The following assumptions, at October 31, were used in determining benefit obligations and net periodic benefit cost ($ in thousands): 2023 2022 Weighted-average assumptions used to determine benefit obligations: Discount rate NA NA Assumptions used to determine net periodic benefit cost: Discount rate NA 2.58 % Expected return on plan assets NA 2.98 % Additional year-end information: Projected benefit obligation $ — $ 14,607 Accumulated benefit obligation $ — $ 14,607 Fair value of plan assets $ — $ 12,335 The Company has a 401(k) plan in which an employee can participate after one month of employment. Employees may elect to defer up to 100% of their annual earnings subject to Internal Revenue Code limits. The Company makes a matching contribution on these deferrals up to 4% of the employee’s annual earnings after one year of employment. Participants vest in any matching contribution at a rate of 20% per year beginning after one year of employment. In addition, for calendar year 2023, the Company contributed a discretionary gift of 2% of gross wages deposited into the 401(k) account of all eligible employees. During fiscal years 2023, 2022 and 2021, the Company contributed to the plan and recognized expenses of $676,000, $445,000 and $546,000, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Oct. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation and Legal Proceedings 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

Series B and Series B-2 Preferr

Series B and Series B-2 Preferred Stock	12 Months Ended
	Oct. 31, 2023
Temporary Equity Disclosure [Abstract]
Series B and Series B-2 Preferred Stock	Series B and Series B-2 Preferred Stock Series B Convertible Preferred Stock In 1997, in connection with the acquisition of Ronald Michaelis Ranches, Inc., the Company issued 30,000 shares of Series B Convertible Preferred Stock at $100.00 par value (the “Series B Stock”). Dividends: The holders of shares of Series B Stock are entitled to receive cumulative cash dividends at an annual rate of 8.75% of par value. Such dividends are payable quarterly on the first day of January, April, July and October in each year. Voting Rights: Each holder of Series B Stock is entitled to ten votes on all matters submitted to a vote of the stockholders of the Company. Redemption: The Company, at the option of the Board of Directors, may redeem the Series B Stock, as a whole or in part, at any time or from time to time on or after August 1, 2017 and before July 31, 2027, at a redemption price equal to the par value thereof, plus accrued and unpaid dividends thereon to the date fixed for redemption. Redemption by the Company of a portion of the Series B Stock totaling 14,790 shares is subject to certain conditions agreed upon between the Company and the holders of this portion of the Series B Stock. Conversion: The holders of Series B Stock have the right, at their option, to convert such shares into shares of Common Stock of the Company at any time prior to redemption. The conversion price is $8.00 per share of Common Stock. Pursuant to the terms of the Certificate of Designation, Preferences and Rights of the Series B Stock, the conversion price shall be adjusted to reflect any dividends paid in Common Stock of the Company, the subdivision of the Common Stock of the Company into a greater number of shares of Common Stock of the Company or upon the advice of legal counsel. Put: The holders of Series B Stock may at any time after July 1, 2017 and before June 30, 2027 cause the Company to repurchase such shares at a repurchase price equal to the par value thereof, plus accrued and unpaid dividends thereon to the date fixed for repurchase. The put features of a portion of the Series B Stock totaling 14,790 shares are subject to certain conditions agreed upon between the Company and the holders of this portion of the Series B Stock. Because the Series B Stock may be redeemed by holders of the shares at their discretion beginning July 1, 2017, the redemption is outside the control of the Company and accordingly, the Series B Stock has been classified as temporary equity. Series B-2 Convertible Preferred Stock During March and April of 2014, pursuant to a Series B-2 Stock Purchase Agreement dated March 21, 2014, the Company issued an aggregate of 9,300 shares of Series B-2, 4% voting preferred stock with a par value of $100.00 per share (“Series B-2 Preferred Stock”) to WPI-ACP Holdings, LLC (“WPI”), an entity affiliated with WAM for total proceeds of $9,300,000. The transactions were exempt from the registration requirements of the Securities Act of 1933, as amended. The Series B-2 Preferred Stock has the following rights, preferences, privileges, and restrictions: Conversion: Each share of Series B-2 Preferred Stock is convertible into common stock at a conversion price equal to the greater of (a) the then-market price of the Company’s common stock based upon the closing price of the Company’s common stock on The NASDAQ Stock Market, LLC or on such other principal market on which the Company’s common stock may be trading or (b) $15.00 per share of common stock. Shares of Series B-2 Preferred Stock may be converted into common stock (i) at any time prior to the redemption thereof, or (ii) in the event the Option Agreement (as defined below) is terminated without all of the shares of Series B-2 Preferred Stock having been redeemed, within 30 calendar days following such termination. Dividends: The holder of shares of the Series B-2 Preferred Stock is entitled to receive cumulative cash dividends at an annual rate of 4% of the liquidation value of $1,000 per share. Such dividends are payable quarterly on the first day of January, April, July and October in each year. Liquidation Rights: In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company, the holder of shares of the Series B-2 Preferred Stock is entitled to be paid out of the assets available for distribution, before any payment is made to the holders of the Company’s common stock or any other series or class of the Company’s shares ranking junior to the Series B-2 Preferred Stock, an amount equal to the liquidation value of $1,000 per share, plus an amount equal to all accrued and unpaid dividends. Voting Rights: Each share of Series B-2 Preferred Stock is entitled to one vote on all matters submitted to a vote of the Company’s stockholders. 19. Series B and Series B-2 Preferred Stock (continued) Series B-2 Convertible Preferred Stock (continued) Redemption: The Company may redeem shares of Series B-2 Preferred Stock only (i) from WPI or its designee and (ii) upon, and to the extent of, an election to exercise the option pursuant to the Option Agreement, described below, at a redemption price equal to the liquidation value of $1,000 per share plus accrued and unpaid dividends. Because the Series B-2 Preferred Stock may be redeemed by WPI at its discretion with the exercise of the Option Agreement, the redemption is outside the control of the Company and accordingly, the Series B-2 Preferred Stock has been classified as temporary equity. In connection with the sale of the Series B-2 Preferred Stock, Associated Citrus Packers, Inc. (“Associated”) and another affiliate of WAM (“WPI-ACP”), entered into a series of agreements related to the future ownership and disposition of farmland with associated Colorado River water rights and other real estate that is held by Associated in Yuma, Arizona. The agreements allow the parties to explore strategies that will make the highest and best use of those assets, including but not limited to the sale or lease of assets or the expansion of a fallowing and water savings program in which a portion of Associated’s property is currently enrolled. The net proceeds of any monetization event would be shared equally by the parties. The agreements entered into include a Water Development Agreement and an Option Agreement. Pursuant to the Water Development Agreement, Associated granted WPI-ACP exclusive rights to develop water assets attributable to the real estate owned by Associated for the mutual benefit of Associated and WAM. Pursuant to the Option Agreement, Associated granted WPI-ACP an option to purchase an undivided interest of up to one-half of the real estate owned by Associated in Yuma County, Arizona (the “Property”) and the water rights associated therewith until January 1, 2026. The purchase price for the Property subject to the Option Agreement will be paid via the redemption by the Company of a proportionate percentage of the Series B-2 Preferred Stock. Unless and until a definitive agreement or definitive agreements with respect to Associated’s real estate and water rights is entered into that would cause the cessation of farming operations, Associated expects to continue farming the Property and recognize all results of operations and retain all proceeds from such operations.

Stockholders_ Equity

Stockholders’ Equity	12 Months Ended
	Oct. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stockholders’ Equity	Stockholders’ Equity Series A Junior Participating Preferred Stock The Company has 20,000 shares of preferred stock authorized as Series A Junior Participating Preferred Stock at $0.01 par value (the “Series A Stock”). No shares are issued or outstanding. Stock-based Compensation The Company has a stock-based compensation plan that allows for the grant of common stock of the Company to members of management, key executives and non-employee directors. The fair value of such awards is based on the fair value of the Company's stock on the date of grant and all are classified as equity awards. In fiscal year 2022, the 2010 Stock Plan terminated and was replaced by the 2022 Stock Plan (both plans collectively the “Stock Plans”) with 500,000 authorized shares. The Stock Plan had 154,580 remaining shares available to be issued as of October 31, 2023. Performance Awards Certain restricted stock grants are made to management each December under the Stock Plans 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 have been met, and generally vest over a two-year period as service is provided. 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. 20. Stockholders’ Equity (continued) Stock-based Compensation (continued) Executive Awards (continued) During November 2023, subsequent to fiscal year 2023, the Company granted 53,078 shares of common stock with a per share price of $14.13 to key executives under the Stock Plan. The related compensation expense of approximately $750,000 will be recognized equally over the next three years as the shares vest. 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 2023, subsequent to fiscal year 2023, the Company granted 12,709 shares of common stock with a per share price of $19.57 to key executives related to the Retention Bonus Agreements. The related compensation expense of approximately $249,000 had $115,000 recognized in fiscal year 2023 and the balance will be recognized over the next year as the shares vest. Director Awards The Company issues shares of common stock to non-employee directors under the Stock Plan on an annual basis that generally vest upon grant or over a one-year period (“Director Awards”). Summary of Awards A summary of the Performance, Executive, and Director Awards granted under the Stock Plan, and the weighted average grant prices, during the fiscal years ended October 31, is as follows: 2023 2022 2021 Number of Shares Weighted-Average Grant Price Number of Shares Weighted-Average Grant Price Number of Shares Weighted-Average Grant Price Performance Awards 79,972 $ 13.19 — $ — — $ — Executive Awards 193,381 $ 14.87 70,000 $ 14.96 95,000 $ 15.26 Director Awards 22,836 $ 16.26 49,231 $ 13.55 30,663 $ 16.85 Total 296,189 $ 14.52 119,231 $ 14.38 125,663 $ 15.65 Summary of Awards (continued) The Company recognized $3,841,000, $2,732,000 and $2,582,000 of stock-based compensation in fiscal years 2023, 2022 and 2021, respectively, of which substantially all of the expense has been included in selling, general and administrative expenses for all years presented. Forfeitures are accounted for in the period that the forfeiture occurs. The income tax benefit recognized in the income statement for stock-based compensation arrangements was $1,075,000, $604,000 and $476,000 for fiscal years 2023, 2022 and 2021, respectively. The total fair value of shares vested during fiscal years 2023, 2022 and 2021 was $1,323,000, $1,856,000 and $2,951,000 respectively. The Company has unrecognized stock-based compensation expense of $1,588,000 as of October 31, 2023, which is expected to be recognized over the next one Exchange of Common Stock During fiscal years 2023, 2022 and 2021, respectively, members of management exchanged 39,472, 105,316 and 46,993 shares of common stock with fair values of $567,000, $1,530,000 and $701,000, at the dates of the exchanges, for the payment of payroll taxes associated with the vesting of shares under the Company’s stock-based compensation programs. 20. Stockholders’ Equity (continued) Summary of Nonvested Shares A summary of the status of the Company’s nonvested shares as of October 31, 2023, and changes during fiscal year 2023, is presented below: Number of Shares Weighted-Average Nonvested at October 31, 2022 110,897 $ 14.40 Granted 296,189 $ 14.52 Vested (92,564) $ 14.29 Nonvested at October 31, 2023 314,522 $ 14.55 Treasury Stock Share Repurchase Program In fiscal year 2021, the Company's Board of Directors approved a share repurchase program authorizing it to repurchase up to $10,000,000 of its outstanding shares of common stock through September 2022. No shares were repurchased under this program. Dividend On December 19, 2023, the Company declared a $0.075 per share dividend payable on January 12, 2024, in the aggregate amount of $1,350,000 to common stockholders of record as of January 2, 2024.

Segment Information

Segment Information	12 Months Ended
	Oct. 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 or loss 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 fiscal year 2023 is as follows (in thousands): Fresh Lemon Eliminations Avocados Other Total Corporate Total Revenues from external customers $ 121,537 $ 20,573 $ — $ 7,046 $ 25,225 $ 174,381 $ 5,520 $ 179,901 Intersegment revenue — 31,081 (31,081) — — — — — Total net revenues 121,537 51,654 (31,081) 7,046 25,225 174,381 5,520 179,901 Costs and expenses (gains) 120,494 45,689 (31,081) 4,034 22,710 161,846 (1,304) 160,542 Depreciation and amortization — — — — — 7,323 1,253 8,576 Operating income $ 1,043 $ 5,965 $ — $ 3,012 $ 2,515 $ 5,212 $ 5,571 $ 10,783 Segment information for fiscal year 2022 is as follows (in thousands): Fresh Lemon Eliminations Avocados Other Total Corporate Total Revenues from external customers $ 120,885 $ 22,176 $ — $ 17,331 $ 18,889 $ 179,281 $ 5,324 $ 184,605 Intersegment revenue — 29,817 (29,817) — — — — — Total net revenues 120,885 51,993 (29,817) 17,331 18,889 179,281 5,324 184,605 Costs and expenses 115,119 43,017 (29,817) 5,524 18,204 152,047 20,559 172,606 Depreciation and amortization — — — — — 8,604 1,194 9,798 Operating income (loss) $ 5,766 $ 8,976 $ — $ 11,807 $ 685 $ 18,630 $ (16,429) $ 2,201 Segment information for fiscal year 2021 is as follows (in thousands): Fresh Lemon Eliminations Avocados Other Total Corporate Total Revenues from external customers $ 125,448 $ 17,514 $ — $ 6,784 $ 11,635 $ 161,381 $ 4,646 $ 166,027 Intersegment revenue — 25,637 (25,637) — — — — — Total net revenues 125,448 43,151 (25,637) 6,784 11,635 161,381 4,646 166,027 Costs and expenses 116,117 36,018 (25,637) 4,211 9,157 139,866 22,682 162,548 Depreciation and amortization — — — — — 8,626 1,186 9,812 Operating (loss) income $ 9,331 $ 7,133 $ — $ 2,573 $ 2,478 $ 12,889 $ (19,222) $ (6,333) Revenues related to rental operations are included in “Corporate and Other.” The detail of other agribusiness revenues for fiscal years ended October 31, is as follows (in thousands): 2023 2022 2021 Oranges $ 5,779 $ 9,911 $ 4,382 Specialty citrus and other 9,515 8,978 7,253 Farm management 9,931 — — Other agribusiness revenues $ 25,225 $ 18,889 $ 11,635

Subsequent Events

Subsequent Events	12 Months Ended
	Oct. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company evaluated events subsequent to October 31, 2023 through the date of this filing, to assess the need for potential recognition or disclosure in this Annual Report. Based upon this evaluation, except as described in the notes to consolidated financial statements, it was determined that no other subsequent events occurred that require recognition or disclosure in the consolidated financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Oct. 31, 2023
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The 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. The consolidated financial statements represent the consolidated balance sheets, statements of operations, statements of comprehensive income (loss), statements of stockholders’ equity and temporary equity and statements of cash flows of Limoneira Company and consolidated subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. The Company considers the criteria established under the Financial Accounting Standards Board (“FASB”) – Accounting Standards Code (“ASC”) 810, Consolidations, and the effect of variable interest entities, in its consolidation process.
Use of Estimates	Use of Estimates The preparation of financial statements 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.
Accounts Receivable	Accounts Receivable
Concentrations and Geographic Information	Concentrations and Geographic Information The Company sells its avocados and oranges, and sold its specialty citrus, to third-party packinghouses. Prior to fiscal year 2022, the Company sold a majority of its avocado production to Calavo. Sales of avocados to Calavo were $6,594,000 in fiscal year 2021. Concentrations of credit risk with respect to revenues and accounts receivable are limited due to a large, diverse customer base. One individual customer represented 13% of revenue for fiscal year 2023. One individual customer represented 11% of accounts receivable, net as of October 31, 2023. No individual supplier represented 10% of accounts payable as of October 31, 2023. Lemons procured from third-party growers were 54%, 52% and 52% of the Company's lemon supply in fiscal years 2023, 2022 and 2021, respectively. One third-party grower was 44% of growers and suppliers payable as of October 31, 2023. 2. Summary of Significant Accounting Policies (continued) The Company maintains its cash in federally insured financial institutions. The account balances at these institutions periodically exceed Federal Deposit Insurance Corporation (“FDIC”) insurance coverage and, as a result, there is a concentration of risk related to amounts on deposit in excess of FDIC insurance coverage.
Cultural Costs	Cultural Costs Growing costs, also referred to as cultural costs, consist of orchard maintenance costs such as cultivation, fertilization and soil amendments, pest control, pruning and irrigation. Harvest costs are comprised of labor and equipment expenses incurred to harvest and deliver crops to the packinghouses. Certain of the Company's crops have distinct growing periods and distinct harvest and selling periods, each of which lasts approximately four Due to climate, growing conditions and the types of crops grown, certain of the Company's other crops may be harvested and sold on a year-round basis. Accordingly, the Company does not capitalize cultural costs associated with these crops and therefore such costs, as well as harvest costs associated with these crops, are expensed to operations when incurred as components of agribusiness costs and expenses. Most cultural costs, including amortization of capitalized cultural costs, and harvest costs are associated with and charged to specific crops. Certain other costs, such as property taxes, indirect labor, including farm supervision and management, and irrigation that benefit multiple crops are allocated to crops on a per acre basis.
Income Taxes	Income Taxes Deferred income tax assets and liabilities are computed annually for differences between the financial statement and income tax bases of assets and liabilities that will result in taxable or deductible amounts in the future. Such deferred income tax asset and liability computations are based on enacted tax laws and rates applicable to periods in which the differences are expected to affect taxable income. A valuation allowance is established, when necessary, to reduce deferred income tax assets to the amount expected to be realized. Tax benefits from an uncertain tax position are only recognized if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment is stated at original cost, net of accumulated depreciation. Depreciation is computed using the straight-line method at rates based upon the estimated useful lives of the related assets as follows (in years): Land improvements 10 – 30 Buildings and building improvements 10 – 50 Equipment 5 – 20 Orchards and vineyards 20 – 40 Costs of planting and developing orchards are capitalized until the orchards become commercially productive. Planting costs consist primarily of the costs to purchase and plant nursery stock. Orchard development costs consist primarily of maintenance costs of orchards such as cultivation, pruning, irrigation, labor, pest control and fertilization, and interest costs during the development period. The Company ceases the capitalization of costs and commences depreciation when the orchards become commercially productive and orchard maintenance costs are accounted for as cultural costs as described above.
Capitalized Interest	Capitalized Interest Interest is capitalized on real estate development projects and significant construction in progress using the weighted average interest rate during the fiscal year. Capitalized interest is included in property, plant, and equipment, equity in investments and real estate development assets in the Company’s consolidated balance sheets.
Real Estate Development Costs	Real Estate Development Costs
Equity in Investments	Equity in Investments Investments in unconsolidated joint ventures in which the Company has significant influence but less than a controlling interest, or is not the primary beneficiary if the joint venture is determined to be a Variable Interest Entity (“VIE”), are accounted for under the equity method of accounting and, accordingly, are adjusted for capital contributions, distributions, capitalized interest and the Company’s equity in net earnings or loss of the respective joint venture. The Company evaluates equity method investments for impairment whenever events or changes in circumstances exist that may indicate the investments are no longer recoverable or have incurred an other-than-temporary decline in value.
Long-Lived	Long-Lived and Intangible Assets Intangible assets consist primarily of customer relationships, trade names and trademarks and a non-competition agreement. The Company’s definite-life intangible assets are being amortized on a straight-line basis over their estimated lives ranging from eight The Company evaluates long-lived assets, including its property and equipment, real estate development projects and definite-life intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. If the estimated fair value or undiscounted future cash flows from the use of an asset are less than the carrying value of that asset, a write-down is recorded to reduce the carrying value of the asset to its estimated fair value. The Company evaluates its indefinite-life intangible assets annually or whenever events or changes in circumstances indicate an impairment of the assets’ value may exist.
Intangible Assets	Long-Lived and Intangible Assets Intangible assets consist primarily of customer relationships, trade names and trademarks and a non-competition agreement. The Company’s definite-life intangible assets are being amortized on a straight-line basis over their estimated lives ranging from eight The Company evaluates long-lived assets, including its property and equipment, real estate development projects and definite-life intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. If the estimated fair value or undiscounted future cash flows from the use of an asset are less than the carrying value of that asset, a write-down is recorded to reduce the carrying value of the asset to its estimated fair value. The Company evaluates its indefinite-life intangible assets annually or whenever events or changes in circumstances indicate an impairment of the assets’ value may exist.
Goodwill	Goodwill 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. Goodwill impairment is tested at the reporting unit level, which is defined as an operating segment or one level below the operating segment. The annual, or interim, goodwill impairment test is performed by comparing the fair value of a reporting unit with its carrying amount. An impairment charge is recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Goodwill impairment testing involves significant judgment and estimates.
Fair Values of Financial Instruments	Fair Values of Financial Instruments Accounts receivable, accounts payable, growers and suppliers payable and accrued liabilities reported on the Company’s consolidated balance sheets approximate their fair values due to the short-term nature of the instruments. Based on the borrowing rates currently available to the Company for bank loans with similar terms and maturities, the fair value of long-term debt is approximately equal to its carrying amount as of October 31, 2023 and 2022.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) represents all changes in a company’s net assets, except changes resulting from transactions with stockholders. Other comprehensive income or loss 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.
Foreign Currency	Foreign Currency The Company has foreign subsidiaries whose functional currencies are the Chilean Peso. Their balance sheets are translated to U.S. dollars at exchange rates in effect at the balance sheet date and their income statements are translated at average exchange rates during the reporting period. The resulting foreign currency translation adjustments are recorded as a separate component of accumulated other comprehensive (loss) income.
Revenue Recognition	Revenue Recognition The Company recognizes revenue in accordance with ASC 606, Revenue from contracts with customers , and recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. To achieve that core principle, the Company applies the following steps: • Identify the contract(s) with a customer; • Identify the performance obligations in the contract; • Determine the transaction price; • Allocate the transaction price to the performance obligations in the contract; • Recognize revenue when (or as) the entity satisfies a performance obligation. The Company determines the appropriate method by which it recognizes revenue by analyzing the nature of the products or services being provided as well as the terms and conditions of contracts or arrangements entered into with its customers. The Company accounts for a contract when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable. A contract's transaction price is allocated to each distinct good or service (i.e., performance obligation) identified in the contract and each performance obligation is valued based on its estimated relative standalone selling price. The Company recognizes the majority of its revenue at a point in time when it satisfies a performance obligation and transfers control of the product to the respective customer. The amount of revenue that is recognized is based on the transaction price, which represents the invoiced amount and includes estimates of variable consideration such as allowances for estimated customer discounts or concessions, where applicable. The amount of variable consideration included in the transaction price may be constrained and is included only to the extent that it is probable that a significant reversal in the amount of the cumulative revenue recognized under the contract will not occur in a future period. Agribusiness revenue - Revenue from lemon sales is generally recognized at a point in time when the customer takes control of the fruit from the Company’s packinghouse, which aligns with the transfer of title to the customer. The Company has elected to treat any shipping and handling costs incurred after control of the goods has been transferred to the customer as agribusiness costs. The Company’s avocados are packed and sold by third-party packinghouses. The Company’s arrangements with its third-party packinghouses are such that the Company is the producer and supplier of the product and the third-party packinghouses are the Company’s customers. The Company controls the product until it is delivered to the third-party packinghouses at which time control of the product is transferred to the third-party packinghouses and revenue is recognized. Revenue from crop insurance proceeds is recorded when the amount can be reasonably determined and upon establishment of the present right to payment. We recorded agribusiness revenues from crop insurance proceeds of $769,000 and $449,000 in fiscal years 2023 and 2022, respectively. There were no proceeds received in fiscal year 2021.
Advertising Expense	Advertising Expense
Leases	Leases Accounting for Leases as a Lessee - The Company enters into leases as a lessee generally for agricultural land and packinghouse facilities and equipment. The Company determines if an arrangement is a lease or contains a lease at inception. Operating and finance leases are included in other assets, accrued liabilities and other long-term liabilities on its consolidated balance sheets. Lease right-of-use (“ROU”) assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease, measured on a discounted basis. Lease ROU assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. The Company uses either its incremental borrowing rate based on the information available at commencement date, or the rate implicit in the lease, if known, in determining the present value of future payments. 2. Summary of Significant Accounting Policies (continued) Leases (continued) Operating lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. Leases with an initial term of 12 months or less are not recorded on the balance sheet as the Company has elected to recognize lease expense for these leases on a straight-line basis over the lease term. The Company had material leases with related parties which are further described in Note 15 - Related-Party Transactions. Certain of the Company’s agricultural land agreements contain variable costs based on a percentage of the operating results of the leased property. Such variable lease costs are expensed as incurred. These land agreements also contain costs for non-lease components, such as water usage, which the Company accounts for separately from the lease components. For all other agreements, the Company generally combines lease and non-lease components in calculating the ROU assets and lease liabilities. See Note 13 - Leases for additional information. Accounting for Leases as a Lessor - Leases in which the Company acts as the lessor include land, residential and commercial units and are all classified as operating leases. Certain of the Company’s contracts contain variable income based on a percentage of the operating results of the leased asset. Certain of the Company’s contracts contain non-lease components such as water, utilities and common area services. The Company has elected to not separate lease and non-lease components for its lessor arrangements and the combined component is accounted for entirely under ASC 842, Leases . The underlying asset in an operating lease arrangement is carried at depreciated cost within property, plant, and equipment, net on the consolidated balance sheets. Depreciation is calculated using the straight-line method over the useful life of the underlying asset. The Company recognizes operating lease revenue on a straight-line basis over the lease term.
Basic and Diluted Net Income (Loss) per Share	Basic and Diluted Net Income (Loss) per Share Basic net income (loss) per common share is calculated using the weighted-average number of common shares outstanding during the period without consideration of the dilutive effect of conversion of preferred stock. Diluted net income (loss) per common share is calculated using the weighted-average number of common shares outstanding during the period plus the dilutive effect of conversion of unvested, restricted stock and preferred stock. Diluted net income (loss) per common share is calculated using the more dilutive method of either the two-class method or the treasury stock method. Unvested stock-based compensation awards that contain non-forfeitable rights to dividends as participating shares are included in computing earnings per share. The Company’s unvested, restricted stock awards qualify as participating shares.
Defined Benefit Retirement Plan	Defined Benefit Retirement Plan The Company sponsored a defined benefit retirement plan (the “Plan”) that was frozen in June 2004, and no future benefits accrued to participants subsequent to that time. In fiscal year 2021, the Company terminated the Plan effective December 31, 2021. On November 4, 2022, the Company entered into an agreement with Principal Life Insurance Company for the purchase of an annuity contract in connection with the Plan termination. On November 10, 2022, the annuity contract was purchased for $12,617,000, payable with Plan assets and a $2,500,000 cash payment from the Company.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Oct. 31, 2023
Accounting Policies [Abstract]
Schedule Of Estimated Useful Lives Of the Related Assets	Depreciation is computed using the straight-line method at rates based upon the estimated useful lives of the related assets as follows (in years): Land improvements 10 – 30 Buildings and building improvements 10 – 50 Equipment 5 – 20 Orchards and vineyards 20 – 40
Schedule of Other Comprehensive (Loss) Income by Component	The following table summarizes the changes in other comprehensive income (loss) by component at October 31(in thousands): 2023 2022 2021 Pre-tax Amount Tax Benefit (Expense) Net Amount Pre-tax Amount Tax Benefit (Expense) Net Amount Pre-tax Amount Tax Expense Net Amount Foreign currency translation adjustments $ 518 $ — $ 518 $ (2,430) $ — $ (2,430) $ (685) $ — $ (685) Minimum pension liability adjustments: Other comprehensive (loss) income before reclassifications (355) 135 (220) (254) 71 (183) 3,440 (940) 2,500 Amounts reclassified to earnings included in “Other (expense) income, net” 2,700 (756) 1,944 607 (169) 438 — — — Other comprehensive income (loss) $ 2,863 $ (621) $ 2,242 $ (2,077) $ (98) $ (2,175) $ 2,755 $ (940) $ 1,815
Schedule of Accumulated Other Comprehensive Income (Loss) by Component	The following table summarizes the changes in accumulated other comprehensive (loss) income by component (in thousands): Foreign Currency Translation Loss Defined Benefit Pension Plan Accumulated Other Comprehensive (Loss) Income Balance as of October 31, 2020 $ (3,069) $ (4,479) $ (7,548) Other comprehensive (loss) income (685) 2,500 1,815 Balance as of October 31, 2021 (3,754) (1,979) (5,733) Other comprehensive (loss) income (2,430) 255 (2,175) Balance as of October 31, 2022 (6,184) (1,724) (7,908) Other comprehensive income 518 1,724 2,242 Balance as of October 31, 2023 $ (5,666) $ — $ (5,666)

Asset Sales and Disposals (Tabl

Asset Sales and Disposals (Tables)	12 Months Ended
	Oct. 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)	12 Months Ended
	Oct. 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 as of October 31 (in thousands): 2023 2022 Prepaid supplies and insurance $ 1,667 $ 2,958 Assets held for sale 535 2,670 Sales tax receivable 490 475 Income tax receivable 816 — Lemon supplier advances 791 1,188 Other 1,289 1,205 $ 5,588 $ 8,496

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	12 Months Ended
	Oct. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule Of Property, Plant and Equipment	Property, plant and equipment consist of the following as of October 31 (in thousands): 2023 2022 Land $ 55,974 $ 87,617 Land improvements 29,925 37,221 Buildings and building improvements 36,983 37,929 Equipment 58,574 61,615 Orchards and vineyards 43,258 60,657 Construction in progress 16,977 28,489 241,691 313,528 Less accumulated depreciation (81,060) (90,900) $ 160,631 $ 222,628

Equity in Investments (Tables)

Equity in Investments (Tables)	12 Months Ended
	Oct. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Financial Information of the Equity Method Investees	The following is financial information of the equity method investees for fiscal years 2023, 2022 and 2021 (in thousands): 2023 Del Mar Romney Rosales LLCB LLCB II Current assets $ — $ 13 $ 3,637 $ 124,939 $ 17,094 Non-current assets $ 797 $ 597 $ 2,547 $ — $ — Current liabilities $ 13 $ 3 $ 3,032 $ 7,104 $ — Non-current liabilities $ — $ — $ 1,085 $ — $ — Revenues $ 1,434 $ 22 $ 10,903 $ 30,933 $ — Operating income (loss) $ 100 $ (4) $ 738 $ 11,770 $ (2) Net income (loss) $ 100 $ (4) $ 538 $ 11,770 $ (2) 2022 Current assets $ 654 $ — $ 3,478 $ 116,596 $ 16,051 Non-current assets $ 807 $ 612 $ 2,606 $ — $ — Current liabilities $ — $ — $ 3,076 $ 10,531 $ 5 Non-current liabilities $ — $ — $ 1,686 $ — $ — Revenues $ 2,882 $ 6 $ 7,177 $ 2,500 $ — Operating income (loss) $ 1,823 $ (1) $ 272 $ 1,809 $ — Net income (loss) $ 1,823 $ (1) $ 26 $ 1,809 $ — 2021 Revenues $ 2,059 $ 17 $ 9,862 $ 42,853 $ — Operating income (loss) $ 1,052 $ (4) $ 438 $ 9,087 $ — Net income (loss) $ 1,052 $ (4) $ 35 $ 9,087 $ —
Schedule of Investment and Equity in Earnings (losses) of the Equity Method Investees	The Company’s investment and equity in earnings (losses) of the equity method investees are as follows (in thousands): Del Mar Romney Rosales LLCB LLCB II Total Investment balance October 31, 2020 $ 1,920 $ 511 $ 1,641 $ 57,142 $ — $ 61,214 Equity earnings (losses) 296 (3) (164) 3,074 — 3,203 Cash distributions (219) — (106) — — (325) Foreign currency adjustments — — (20) — — (20) Investment balance October 31, 2021 1,997 508 1,351 60,216 — 64,072 Equity earnings (losses) 510 (1) (106) 938 — 1,341 Cash distributions (483) — — — — (483) Investment contributions — — — — 8,023 8,023 Foreign currency adjustments — — (98) — — (98) Investment balance October 31, 2022 2,024 507 1,147 61,154 8,023 72,855 Equity earnings (losses) 28 (5) 166 5,134 (1) 5,322 Cash distributions (220) — — — — (220) Cash contributions — — — — 525 525 Capitalized interest — — — — 322 322 Foreign currency adjustments — — 12 — — 12 Investment balance October 31, 2023 $ 1,832 $ 502 $ 1,325 $ 66,288 $ 8,869 $ 78,816

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Oct. 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, 2021 $ 1,527 Foreign currency translation adjustment (21) Balance at October 31, 2022 $ 1,506 Foreign currency translation adjustment 6 Balance at October 31, 2023 $ 1,512
Schedule of Indefinite-Lived Intangible Assets	Intangible assets consist of the following as of October 31 (in thousands): 2023 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 (1,104) 1,004 8 $ 2,108 $ (881) $ 1,227 8 Customer relationships 4,037 (2,111) 1,926 9 4,037 (1,660) 2,377 9 Non-competition agreement 437 (132) 305 8 437 (76) 361 8 Acquired water and mineral rights 3,422 — 3,422 Indefinite 3,352 — 3,352 Indefinite $ 10,004 $ (3,347) $ 6,657 $ 9,934 $ (2,617) $ 7,317
Schedule of Finite-Lived Intangible Assets	Intangible assets consist of the following as of October 31 (in thousands): 2023 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 (1,104) 1,004 8 $ 2,108 $ (881) $ 1,227 8 Customer relationships 4,037 (2,111) 1,926 9 4,037 (1,660) 2,377 9 Non-competition agreement 437 (132) 305 8 437 (76) 361 8 Acquired water and mineral rights 3,422 — 3,422 Indefinite 3,352 — 3,352 Indefinite $ 10,004 $ (3,347) $ 6,657 $ 9,934 $ (2,617) $ 7,317
Schedule of Estimated Future Amortization Expense of Intangible Assets	Estimated future amortization expense of intangible assets are as follows (in thousands): 2024 $ 711 2025 711 2026 711 2027 427 2028 427 Thereafter 248 $ 3,235

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Oct. 31, 2023
Accounts Payable and Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following as of October 31 (in thousands): 2023 2022 Compensation $ 2,858 $ 3,572 Property taxes 548 664 Operating expenses 2,223 2,341 Leases 2,150 2,026 Other 872 2,676 $ 8,651 $ 11,279

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Oct. 31, 2023
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt is comprised of the following as of October 31 (in thousands): 2023 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 5.31% at October 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. 583 675 Banco de Chile COVID-19 loans: The interest rates are fixed at 3.48%. The loans are payable in monthly installments through September 2024. 112 233 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. 314 434 Subtotal 41,009 105,902 Less deferred financing costs, net of accumulated amortization — 94 Total long-term debt, net 41,009 105,808 Less current portion 381 1,732 Long-term debt, less current portion $ 40,628 $ 104,076
Schedule of Principal Payments On The Company’s Long-Term Debt	Principal payments on the Company’s long-term debt are due as follows (in thousands): 2024 $ 381 2025 595 2026 40,033 $ 41,009

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	12 Months Ended
	Oct. 31, 2023
Other Liabilities Disclosure [Abstract]
Schedule of Other Long-Term Liabilities	Other long-term liabilities consist of the following as of October 31 (in thousands): 2023 2022 Minimum pension liability $ — $ 2,272 Loan guarantee 1,080 1,080 Leases 2,316 5,062 Other 1,159 1,393 $ 4,555 $ 9,807

Leases (Tables)

Leases (Tables)	12 Months Ended
	Oct. 31, 2023
Leases [Abstract]
Schedule of Components of the Company’s Operating Lease Portfolio	The following table presents the components of the Company’s operating lease portfolio included in property, plant and equipment, net as of October 31 (in thousands): 2023 2022 Land and land improvements $ 12,333 $ 13,619 Buildings, equipment and building improvements 20,729 19,983 Orchards 8,410 8,410 Less: accumulated depreciation (8,931) (7,912) Property, plant and equipment, net under operating leases $ 32,541 $ 34,100
Schedule of Rental Operations Revenue	The Company's rental operations revenue consists of the following for the fiscal years ended October 31 (in thousands): 2023 2022 Operating lease revenue $ 5,174 $ 4,998 Variable lease revenue 346 326 Total lease revenue $ 5,520 $ 5,324
Schedule of Future Minimum Lease Payments to be Received Related to Net Operating Lease Agreements	The future minimum lease payments to be received by the Company related to these operating lease agreements as of October 31, 2023 are as follows (in thousands): 2024 $ 1,252 2025 1,031 2026 204 2027 44 2028 44 Thereafter 627 Total $ 3,202
Schedule of Operating Lease Costs Related to Leases	Lease costs consist of the following for the fiscal years ended October 31 (in thousands): 2023 2022 Operating lease costs $ 2,000 $ 537 Finance lease costs: Amortization of lease assets 145 120 Interest on lease liabilities 32 34 Variable lease costs — 242 Short-term lease costs 600 212 Total lease costs $ 2,777 $ 1,145
Schedule of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases consists of the following as of October 31 (in thousands): Classification 2023 2022 Assets Operating lease ROU assets Other assets $ 3,484 $ 6,190 Finance lease assets Other assets 1,182 1,091 $ 4,666 $ 7,281 Liabilities Current operating lease liabilities Accrued liabilities and payables to related parties $ 1,831 $ 1,892 Current finance lease liabilities Accrued liabilities 319 268 Non-current operating lease liabilities Other long-term liabilities 1,714 4,347 Non-current finance lease liabilities Other long-term liabilities 602 715 $ 4,466 $ 7,222 Weighted-average remaining lease term (in years): Operating leases 1.6 5.1 Finance leases 3.1 3.9 Weighted-average discount rate: Operating leases 4.9 % 6.1 % Finance leases 4.2 % 3.5 %
Schedule of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases consists of the following for the fiscal years ended October 31 (in thousands): 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 1,931 $ 577 Operating cash outflows from finance leases $ 32 $ 35 Financing cash outflows from finance leases $ 297 $ 219 ROU assets obtained in exchange for new operating lease liabilities $ 138 $ 4,612 Leased assets obtained in exchange for new finance lease liabilities $ 235 $ 68 Write off of ROU asset and operating lease liability $ (1,206) $ —
Future Minimum Lease Payments under Non-Cancellable Leases	Future minimum lease payments under non-cancellable leases are as follows (in thousands), which excludes $870,000 of operating lease payments for leases that have been signed but not commenced: Operating Finance Total 2024 $ 1,822 $ 319 $ 2,141 2025 1,815 319 2,134 2026 114 299 413 2027 23 46 69 Total lease payments 3,774 983 4,757 Less: Imputed interest (229) (62) (291) Present value of lease liabilities $ 3,545 $ 921 $ 4,466
Schedule of Future Minimum Lease Payments under Non-Cancellable Leases	Future minimum lease payments under non-cancellable leases are as follows (in thousands), which excludes $870,000 of operating lease payments for leases that have been signed but not commenced: Operating Finance Total 2024 $ 1,822 $ 319 $ 2,141 2025 1,815 319 2,134 2026 114 299 413 2027 23 46 69 Total lease payments 3,774 983 4,757 Less: Imputed interest (229) (62) (291) Present value of lease liabilities $ 3,545 $ 921 $ 4,466

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Oct. 31, 2023
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net (Loss) Income Per Common Share	The computations for basic and diluted net income (loss) per common share are as follows for the fiscal years ended October 31 (in thousands, except per share data): 2023 2022 2021 Basic net income (loss) per common share: Net income (loss) applicable to common stock $ 8,899 $ (737) $ (3,942) Effect of unvested, restricted stock (146) (50) (35) Numerator: Net income (loss) for basic EPS 8,753 (787) (3,977) Denominator: Weighted average common shares–basic 17,603 17,513 17,555 Basic net income (loss) per common share $ 0.50 $ (0.04) $ (0.23) Diluted net income (loss) per common share: Net income (loss) for basic EPS $ 8,753 $ (787) $ (3,977) Effect of dilutive preferred stock — — — Numerator: Net income (loss) for diluted EPS 8,753 (787) (3,977) Weighted average common shares–basic 17,603 17,513 17,555 Effect of dilutive preferred stock — — — Denominator: Weighted average common shares–diluted 17,603 17,513 17,555 Diluted net income (loss) per common share $ 0.50 $ (0.04) $ (0.23)

Related-Party Transactions (Tab

Related-Party Transactions (Tables)	12 Months Ended
	Oct. 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 - Real Estate Development, Note 7 - Equity in Investments and in the tables below (in thousands): October 31, 2023 October 31, 2022 Balance Sheet Balance Sheet Ref Related-Party Receivables/Other from Related Parties Other Assets Payables to Related Parties Other Long-Term Liabilities Receivables/Other from Related Parties Other Assets Payables to Related Parties Other Long-Term Liabilities 2 Mutual water companies $ — $ 523 $ 48 $ — $ — $ 506 $ 133 $ — 5 Cadiz / Fenner / WAM $ — $ — $ 206 $ — $ — $ 1,288 $ 446 $ 1,198 7 YMIDD $ 571 $ — $ — $ — $ — $ — $ — $ — 8 FGF $ 2,681 $ 2,519 $ 837 $ — $ 2,965 $ 2,652 $ 837 $ — 9 LLCB $ 66 $ — $ 3,444 $ — $ 66 $ — $ 3,444 $ — Year Ended October 31, 2023 Year Ended October 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 $ — $ 888 $ — $ — $ — $ 869 $ — $ — 2 Mutual water companies $ — $ — $ 1,306 $ — $ — $ — $ 1,454 $ — 3 Cooperative association $ — $ — $ 1,689 $ — $ — $ — $ 1,834 $ — 4 Calavo $ — $ — $ — $ — $ — $ 80 $ 2 $ 126 5 Cadiz / Fenner / WAM $ — $ — $ 2,074 $ — $ — $ — $ 1,467 $ — 7 YMIDD $ 1,080 $ — $ 134 $ — $ 225 $ — $ 142 $ — 8 FGF $ 330 $ 224 $ — $ — $ 673 $ 343 $ 25 $ — 12 Principal owner $ — $ — $ — $ 867 $ — $ — $ — $ 593 Year Ended October 31, 2021 Consolidated Statement of Operations Ref Related-Party Net Revenue Agribusiness Net Revenue Other Operations Agribusiness Expense and Other Dividends Paid 1 Employees $ — $ 814 $ — $ — 2 Mutual water companies $ — $ — $ 1,160 $ — 3 Cooperative association $ — $ — $ 1,750 $ — 4 Calavo $ 6,594 $ 320 $ 721 $ 503 5 Cadiz / Fenner / WAM $ — $ — $ 338 $ — 6 Colorado River Growers $ 157 $ — $ 2,772 $ — 7 YMIDD $ — $ — $ 123 $ — 8 FGF $ 4,129 $ — $ 2,884 $ — 10 Freska $ 128 $ — $ 150 $ — 11 Third-party growers $ — $ — $ 147 $ — (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. (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 9 - 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. (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 was 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 ROU asset and corresponding lease liability, which were written off in fiscal year 2023 upon cessation of farming operations. (6) (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 and has a receivable outstanding. (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 6 - Real Estate Development. (10) Freska - A former member of the Company's board of directors is a majority shareholder of Freska Produce International, LLC (“Freska”). The Company had avocado sales to Freska and corresponding receivables for such sales. The former board member resigned effective June 14, 2022 and Freska is no longer a related-party. (11) Third-party growers - A former member of the Company's board of directors 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 (Tables)

Income Taxes (Tables)	12 Months Ended
	Oct. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Income (Loss) Before Income Tax for Domestic and Foreign Locations	A reconciliation of income (loss) before income taxes for domestic and foreign locations for the fiscal years ended October 31 are as follows (in thousands): 2023 2022 2021 United States $ 14,395 $ 1,911 $ (1,459) Foreign (1,031) (1,562) (2,704) Income (loss) before income taxes $ 13,364 $ 349 $ (4,163)
Schedule of Components of (Provisions) Benefit of Income Tax Expense	The components of the (provision) benefit for income taxes for the fiscal years ended October 31 are as follows (in thousands): 2023 2022 2021 Current: Federal $ (5,696) $ (178) $ 37 State (498) (93) 40 Foreign — (4) — Total current tax (provision) benefit (6,194) (275) 77 Deferred: Federal 2,665 (477) (17) State (717) (127) 127 Foreign (1) 56 79 Total deferred tax (provision) benefit 1,947 (548) 189 Total income tax (provision) benefit $ (4,247) $ (823) $ 266
Schedule of Deferred Tax Assets	The components of deferred income tax assets as of October 31 are as follows (in thousands): 2023 2022 Deferred income tax assets: Reserves and other accruals $ 698 $ 752 Net operating losses 1,970 5,917 Lease liabilities 951 1,672 Minimum pension liability adjustment — 621 Other assets 43 151 Stock-based compensation 1,320 604 Total deferred income tax assets 4,982 9,717 Valuation allowance (2,299) (1,536) Total net deferred income tax assets 2,683 8,181 Deferred income tax liabilities: Property taxes (19) (135) Depreciation (13,335) (18,343) Amortization (107) (175) Land and other indefinite life assets (4,138) (6,592) Investment in joint ventures and other basis adjustments (6,119) (4,449) Right-of-use assets (935) (1,660) Prepaids and receivables (178) (298) Other (24) (26) Total deferred income tax liabilities (24,855) (31,678) Net deferred income tax liabilities $ (22,172) $ (23,497) Deferred income taxes — noncurrent assets $ — $ — Deferred income taxes — noncurrent liabilities $ (22,172) $ (23,497)
Schedule of Net Operating Loss	The net operating losses begin to expire as follows (in thousands): Jurisdiction Gross Amount Begin to Expire State 1,195 10/31/2040 Chile 3,232 Indefinite Holland 144 10/31/2025 Argentina 4,043 10/31/2025
Schedule of Effective Income Tax Rate Reconciliation	The provision for income taxes differs from the amount of income tax determined by applying the U.S. statutory federal income tax rate to pretax income as a result of the following differences for the fiscal years ended October 31 (in thousands): 2023 2022 2021 Amount % Amount % Amount % (Provision) benefit at statutory rates $ (2,806) (21.0) % $ (73) (21.0) % $ 874 (21.0) % State income tax, net of federal benefit (814) (6.2) % (74) (21.1) % 224 (5.4) % Share-based compensation 20 0.2 % (110) (31.2) % (217) 5.2 % Executive compensation (395) (3.0) % (98) (27.9) % (45) 1.1 % Tax law change 137 1.0 % — — % 57 (1.4) % State rate adjustment (95) (0.7) % (59) (16.9) % (78) 1.9 % Valuation allowance (436) (3.3) % (357) (101.8) % (831) 20.0 % Foreign rate differential 66 0.5 % 74 21.1 % 130 (3.1) % Noncontrolling interest (48) (0.4) % (41) (11.8) % (83) 2.0 % Other permanent items 247 1.9 % (12) (3.5) % 235 (5.7) % Tax credit and others (123) (0.8) % (73) (20.7) % — — % Total income tax (provision) benefit $ (4,247) (31.8) % $ (823) (234.8) % $ 266 (6.4) %

Retirement Plans (Tables)

Retirement Plans (Tables)	12 Months Ended
	Oct. 31, 2023
Retirement Benefits [Abstract]
Schedule of Net Periodic Pension Cost	The components of net periodic benefit cost for the Plan at October 31 were as follows (in thousands): 2023 2022 Administrative expenses $ 20 $ 718 Interest cost 34 520 Expected return on plan assets (17) (511) Prior service cost 4 45 Amortization of net loss — 398 Settlement loss recognized 2,700 607 Net periodic benefit cost $ 2,741 $ 1,777
Schedule of Plan Funded Status	Following is a summary of the Plan’s funded status at October 31 (in thousands): 2023 2022 Change in benefit obligation: Benefit obligation at beginning of year $ 14,607 $ 21,417 Administrative expenses 20 718 Plan settlements (14,427) (3,604) Interest cost 35 520 Benefits paid (100) (1,327) Expenses paid (220) (643) Benefits and expenses payable (198) — Transfer in 99 — Actuarial loss (gain) 184 (2,474) Benefit obligation at end of year $ — $ 14,607 Change in plan assets: Fair value of plan assets at beginning of year $ 12,335 $ 20,570 Actual return on plan assets 11 (2,661) Plan settlements (14,427) (3,604) Employer contributions 2,500 — Benefits paid (100) (1,327) Expenses paid (220) (643) Benefits and expenses payable (198) — Transfer in 99 — Fair value of plan assets at end of year $ — $ 12,335 Reconciliation of funded status: Fair value of plan assets $ — $ 12,335 Benefit obligations — 14,607 Net plan obligations $ — $ (2,272) Amounts recognized in statements of financial position: Noncurrent liabilities $ — $ (2,272) Net obligation recognized in statements of financial position $ — $ (2,272) Reconciliation of amounts recognized in statements of financial position: Prior service cost $ — $ (54) Net loss — (2,459) Accumulated other comprehensive loss — (2,513) Accumulated contributions in excess of net periodic benefit cost — 241 Net deficit recognized in statements of financial position $ — $ (2,272)
Schedule of Comprehensive Income	Presented below are changes in accumulated other comprehensive income, before tax, in the Plan at October 31, (in thousands): 2023 2022 Changes recognized in other comprehensive income: Net loss arising during the year $ 190 $ 697 Amortization of prior service cost (54) (45) Amortization of net loss (2,649) (1,005) Total recognized in other comprehensive income $ (2,513) $ (353) Total recognized in net periodic benefit and other comprehensive loss $ 228 $ 1,424
Schedule of Benefit Obligations And Net Periodic Benefit Cost	The following assumptions, at October 31, were used in determining benefit obligations and net periodic benefit cost ($ in thousands): 2023 2022 Weighted-average assumptions used to determine benefit obligations: Discount rate NA NA Assumptions used to determine net periodic benefit cost: Discount rate NA 2.58 % Expected return on plan assets NA 2.98 % Additional year-end information: Projected benefit obligation $ — $ 14,607 Accumulated benefit obligation $ — $ 14,607 Fair value of plan assets $ — $ 12,335

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	12 Months Ended
	Oct. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Plan and the Weighted Average Grant Price	A summary of the Performance, Executive, and Director Awards granted under the Stock Plan, and the weighted average grant prices, during the fiscal years ended October 31, is as follows: 2023 2022 2021 Number of Shares Weighted-Average Grant Price Number of Shares Weighted-Average Grant Price Number of Shares Weighted-Average Grant Price Performance Awards 79,972 $ 13.19 — $ — — $ — Executive Awards 193,381 $ 14.87 70,000 $ 14.96 95,000 $ 15.26 Director Awards 22,836 $ 16.26 49,231 $ 13.55 30,663 $ 16.85 Total 296,189 $ 14.52 119,231 $ 14.38 125,663 $ 15.65
Schedule of Nonvested Shares	A summary of the status of the Company’s nonvested shares as of October 31, 2023, and changes during fiscal year 2023, is presented below: Number of Shares Weighted-Average Nonvested at October 31, 2022 110,897 $ 14.40 Granted 296,189 $ 14.52 Vested (92,564) $ 14.29 Nonvested at October 31, 2023 314,522 $ 14.55

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Oct. 31, 2023
Segment Reporting [Abstract]
Schedule of Segment Information by Segment	Segment information for fiscal year 2023 is as follows (in thousands): Fresh Lemon Eliminations Avocados Other Total Corporate Total Revenues from external customers $ 121,537 $ 20,573 $ — $ 7,046 $ 25,225 $ 174,381 $ 5,520 $ 179,901 Intersegment revenue — 31,081 (31,081) — — — — — Total net revenues 121,537 51,654 (31,081) 7,046 25,225 174,381 5,520 179,901 Costs and expenses (gains) 120,494 45,689 (31,081) 4,034 22,710 161,846 (1,304) 160,542 Depreciation and amortization — — — — — 7,323 1,253 8,576 Operating income $ 1,043 $ 5,965 $ — $ 3,012 $ 2,515 $ 5,212 $ 5,571 $ 10,783 Segment information for fiscal year 2022 is as follows (in thousands): Fresh Lemon Eliminations Avocados Other Total Corporate Total Revenues from external customers $ 120,885 $ 22,176 $ — $ 17,331 $ 18,889 $ 179,281 $ 5,324 $ 184,605 Intersegment revenue — 29,817 (29,817) — — — — — Total net revenues 120,885 51,993 (29,817) 17,331 18,889 179,281 5,324 184,605 Costs and expenses 115,119 43,017 (29,817) 5,524 18,204 152,047 20,559 172,606 Depreciation and amortization — — — — — 8,604 1,194 9,798 Operating income (loss) $ 5,766 $ 8,976 $ — $ 11,807 $ 685 $ 18,630 $ (16,429) $ 2,201 Segment information for fiscal year 2021 is as follows (in thousands): Fresh Lemon Eliminations Avocados Other Total Corporate Total Revenues from external customers $ 125,448 $ 17,514 $ — $ 6,784 $ 11,635 $ 161,381 $ 4,646 $ 166,027 Intersegment revenue — 25,637 (25,637) — — — — — Total net revenues 125,448 43,151 (25,637) 6,784 11,635 161,381 4,646 166,027 Costs and expenses 116,117 36,018 (25,637) 4,211 9,157 139,866 22,682 162,548 Depreciation and amortization — — — — — 8,626 1,186 9,812 Operating (loss) income $ 9,331 $ 7,133 $ — $ 2,573 $ 2,478 $ 12,889 $ (19,222) $ (6,333) Revenues related to rental operations are included in “Corporate and Other.” The detail of other agribusiness revenues for fiscal years ended October 31, is as follows (in thousands): 2023 2022 2021 Oranges $ 5,779 $ 9,911 $ 4,382 Specialty citrus and other 9,515 8,978 7,253 Farm management 9,931 — — Other agribusiness revenues $ 25,225 $ 18,889 $ 11,635

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) - USD ($)		12 Months Ended
	Nov. 10, 2022	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Allowance for doubtful accounts receivable, current		$ 260,000	$ 469,000
Revenues		174,381,000	179,281,000	$ 161,381,000
Real estate inventory, capitalized interest costs incurred		281,000	637,000
Aggregate foreign exchange transaction losses		204,000	204,000	646,000
Crop insurance proceeds		769,000	449,000	0
Advertising expense		0	165,000	178,000
Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Plan settlements		$ 14,427,000	$ 3,604,000
Pension Plan | Principal Life Insurance Company
Accumulated Other Comprehensive Income (Loss) [Line Items]
Plan settlements	$ 12,617,000
Cash payment	$ 2,500,000
Minimum
Accumulated Other Comprehensive Income (Loss) [Line Items]
Distinct growing periods and distinct harvest and selling periods		4 months
Useful life		8 years
Maximum
Accumulated Other Comprehensive Income (Loss) [Line Items]
Distinct growing periods and distinct harvest and selling periods		8 months
Useful life		9 years
First Customer | Revenue Benchmark | Customer Concentration Risk
Accumulated Other Comprehensive Income (Loss) [Line Items]
Concentration risk percentage		13%
First Customer | Accounts Receivable Benchmark | Customer Concentration Risk
Accumulated Other Comprehensive Income (Loss) [Line Items]
Concentration risk percentage		11%
Avocados | Calavo
Accumulated Other Comprehensive Income (Loss) [Line Items]
Revenues				$ 6,594,000
Lemon | Revenue, Product and Service Benchmark | Supplier Concentration Risk | Third-party growers
Accumulated Other Comprehensive Income (Loss) [Line Items]
Concentration risk percentage		54%	52%	52%
Lemon | Revenue, Product and Service Benchmark | Supplier Concentration Risk | Third-Party Grower One
Accumulated Other Comprehensive Income (Loss) [Line Items]
Concentration risk percentage		44%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule Of Estimated Useful Lives Of the Related Assets (Details)	Oct. 31, 2023
Minimum | Land improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	30 years
Minimum | Buildings and building improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	50 years
Minimum | Equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	20 years
Minimum | Orchards and vineyards
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	40 years
Maximum | Land improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Maximum | Buildings and building improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Maximum | Equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Maximum | Orchards and vineyards
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	20 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule Other Comprehensive (Loss) Income by Component (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Total other comprehensive income (loss), Pre-tax Amount	$ 2,863	$ (2,077)	$ 2,755
Total other comprehensive income (loss), Tax Benefit (Expense)	(621)	(98)	(940)
Total other comprehensive income (loss), net of tax	2,242	(2,175)	1,815
Foreign Currency Translation (Loss) Gain
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Total other comprehensive income (loss), Pre-tax Amount	518	(2,430)	(685)
Total other comprehensive income (loss), Tax Benefit (Expense)	0	0	0
Total other comprehensive income (loss), net of tax	518	(2,430)	(685)
Defined Benefit Pension Plan
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Total other comprehensive income (loss), net of tax	1,724	255	2,500
Other comprehensive (loss) income before reclassifications, Pre-tax Amount	(355)	(254)	3,440
Other comprehensive (loss) income before reclassifications, Tax Benefit (Expense)	135	71	(940)
Other comprehensive (loss) income before reclassifications, Tax Benefit (Expense), Net Amount	(220)	(183)	2,500
Amounts reclassified to earnings included in "Other income (expense), net", Pre-Tax Amount	2,700	607	0
Amounts reclassified to earnings included in "Other income (expense), net", Tax Benefit (Expense)	(756)	(169)	0
Amounts reclassified to earnings included in "Other income (expense), net", Net Amount	$ 1,944	$ 438	$ 0

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Accumulated Other Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 181,054	$ 188,435	$ 195,760
Other comprehensive (loss) income	2,242	(2,175)	1,815
Ending balance	189,687	181,054	188,435
Foreign Currency Translation (Loss) Gain
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(6,184)	(3,754)	(3,069)
Other comprehensive (loss) income	518	(2,430)	(685)
Ending balance	(5,666)	(6,184)	(3,754)
Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1,724)	(1,979)	(4,479)
Other comprehensive (loss) income	1,724	255	2,500
Ending balance	0	(1,724)	(1,979)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(7,908)	(5,733)	(7,548)
Ending balance	$ (5,666)	$ (7,908)	$ (5,733)

Asset Sales and Disposals - Nar

Asset Sales and Disposals - Narrative (Details) $ in Thousands		1 Months Ended		3 Months Ended	12 Months Ended
	Jan. 31, 2023 USD ($)	Apr. 30, 2023 USD ($) a	Oct. 31, 2022 USD ($) a	Apr. 30, 2023 USD ($) a	Oct. 31, 2023 USD ($)	Oct. 31, 2022 USD ($)	Oct. 31, 2021 USD ($)	Jun. 01, 2021 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre-tax gain (loss)					$ 13,364	$ 349	$ (4,163)
Net proceeds from sales of assets					98,545	19,259	119
Gain on disposal of assets					28,849	$ 4,500	(109)
Oxnard Lemon Property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from sales of assets			$ 19,144
Gain on disposal of assets			$ 846
Remaining terms of operating leases			36 months			36 months
Lessee, operating lease, renewal term			24 months			24 months
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			3,537	397,000
Sales price		$ 100,008	$ 100,405	$ 100,008		$ 100,405
Total net proceeds received	$ 98,411
Pre-tax gain (loss)					$ (1,667)	$ (1,236)	$ 3,334
Minimum year term	5 years
Net cash proceeds received	$ 85,494
Gain on disposal of assets	$ 39,995

Asset Sales and Disposals - Sch

Asset Sales and Disposals - Schedule of Asset Sale (Details) - USD ($) $ in Thousands		12 Months Ended
	Jan. 31, 2023	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Less: net book value of assets sold
Prepaid expenses and other current assets		$ 5,588	$ 8,496
Gain on disposal of assets		28,849	$ 4,500	$ (109)
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 - (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid supplies and insurance	$ 1,667	$ 2,958
Assets held for sale	535	2,670
Sales tax receivable	490	475
Income tax receivable	816	0
Lemon supplier advances	791	1,188
Other	1,289	1,205
Prepaid expenses and other current assets	$ 5,588	$ 8,496

Property, Plant, and Equipmen_2

Property, Plant, and Equipment - Schedule Of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 241,691	$ 313,528
Less accumulated depreciation	(81,060)	(90,900)
Property, plant and equipment, net	160,631	222,628
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	55,974	87,617
Land improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	29,925	37,221
Buildings and building improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	36,983	37,929
Equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	58,574	61,615
Orchards and vineyards
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	43,258	60,657
Construction in Progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 16,977	$ 28,489

Property, Plant and Equipment -

Property, Plant and Equipment - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 7,701	$ 9,075	$ 8,883

Real Estate Development (Detail

Real Estate Development (Details) $ in Thousands

1 Months Ended

12 Months Ended

Feb. 01, 2023

Oct. 31, 2022 USD ($)

Dec. 31, 2017 USD ($)

Oct. 31, 2023 USD ($) residential_unit

Oct. 31, 2022 USD ($)

Oct. 31, 2021 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

$ 9,987

$ 9,706

Loan balance

105,808

41,009

105,808

Proceeds from sale of equity method investments, net

7,917

Gains (losses) on sales of investment real estate including deferred gain/loss

4,652

Equity method investments

$ 847

48

$ 0

Number of residential units sold | residential_unit

121

Net proceeds from sale of real estate development assets

$ 2,577

7,917

$ 0

LLCB

Real Estate Properties [Line Items]

Number of residential units sold | residential_unit

707

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

$ 0

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 Area One And Two

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

Gain on sale of real estate

$ 4,187

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 interest

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

525

Sevilla | Disposal Group, Not Discontinued Operations

Real Estate Properties [Line Items]

Gain on sale of real estate

0

Sales price

$ 2,700

Net cash proceeds received

$ 2,577

Centennial Property | Disposal Group, Not Discontinued Operations

Real Estate Properties [Line Items]

Gain on sale of real estate

$ 161

Assets held for sale

$ 2,983

Net proceeds from sale of real estate development assets

3,250

Proceeds from issuance of debt

$ 3,000

Equity in Investments - Narrati

Equity in Investments - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Feb. 28, 2017	May 31, 2007	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2017	Oct. 31, 2014	Aug. 14, 2014
Schedule of Equity Method Investments [Line Items]
Other liabilities			$ 4,805	$ 4,860
Equity method investments			847	48	$ 0
Goodwill			1,512	1,506	1,527
Amortization expense			730	723	929
Finite-lived intangible asset, expected amortization, year one			711
Revenues			179,901	184,605	166,027
Due amount			4,214	3,888
Related Party | Del Mar
Schedule of Equity Method Investments [Line Items]
Expense reimbursements			206	202	200
Purchases from related party			1,161	1,568	1,681
Other liabilities			347	703
Related Party | Rosales
Schedule of Equity Method Investments [Line Items]
Due amount			626	270
Related Party | Lemons and Oranges | Rosales
Schedule of Equity Method Investments [Line Items]
Revenues			5,826	3,821	5,304
Related Party | Lemons | Rosales
Schedule of Equity Method Investments [Line Items]
Revenues			$ 4,581	3,615	3,405
Del Mar
Schedule of Equity Method Investments [Line Items]
Ownership interest			50%
Del Mar | General Partner
Schedule of Equity Method Investments [Line Items]
Ownership interest			1.30%
Del Mar | Limited Partner
Schedule of Equity Method Investments [Line Items]
Ownership interest			26.80%
Romney
Schedule of Equity Method Investments [Line Items]
Ownership interest		75%
Equity method investments		$ 489
Romney | Other Partner In The Romney Property Partnership
Schedule of Equity Method Investments [Line Items]
Distribution percentage		25%
Rosales
Schedule of Equity Method Investments [Line Items]
Ownership interest			47%				35%
Difference between carrying amount and underlying equity	$ 925							$ 1,683
Goodwill	143							$ 343
Water rights	$ 2,122
Amortization expense			$ 87	118	180
Rosales | Fruticola Pan De Azucar S.A. (PDA)
Schedule of Equity Method Investments [Line Items]
Ownership interest						12%
LLCB
Schedule of Equity Method Investments [Line Items]
Difference between carrying amount and underlying equity			8,006
Underlying equity in net assets			58,282
Amortization			717	77	1,434
Investments, before basis amortization			$ 5,851	$ 1,015	$ 4,508

Equity in Investments - Schedul

Equity in Investments - Schedule of Financial Information of the Equity Method Investees (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Schedule of Equity Method Investments [Line Items]
Current assets	$ 30,225	$ 37,535
Current liabilities	33,358	39,274
Revenues	179,901	184,605	$ 166,027
Net income (loss)	9,117	(474)	(3,897)
Del Mar
Schedule of Equity Method Investments [Line Items]
Current assets	0	654
Non-current assets	797	807
Current liabilities	13	0
Non-current liabilities	0	0
Revenues	1,434	2,882	2,059
Operating income (loss)	100	1,823	1,052
Net income (loss)	100	1,823	1,052
Romney
Schedule of Equity Method Investments [Line Items]
Current assets	13	0
Non-current assets	597	612
Current liabilities	3	0
Non-current liabilities	0	0
Revenues	22	6	17
Operating income (loss)	(4)	(1)	(4)
Net income (loss)	(4)	(1)	(4)
Rosales
Schedule of Equity Method Investments [Line Items]
Current assets	3,637	3,478
Non-current assets	2,547	2,606
Current liabilities	3,032	3,076
Non-current liabilities	1,085	1,686
Revenues	10,903	7,177	9,862
Operating income (loss)	738	272	438
Net income (loss)	538	26	35
LLCB
Schedule of Equity Method Investments [Line Items]
Current assets	124,939	116,596
Non-current assets	0	0
Current liabilities	7,104	10,531
Non-current liabilities	0	0
Revenues	30,933	2,500	42,853
Operating income (loss)	11,770	1,809	9,087
Net income (loss)	11,770	1,809	9,087
LLCB II, LLC
Schedule of Equity Method Investments [Line Items]
Current assets	17,094	16,051
Non-current assets	0	0
Current liabilities	0	5
Non-current liabilities	0	0
Revenues	0	0	0
Operating income (loss)	(2)	0	0
Net income (loss)	$ (2)	$ 0	$ 0

Equity in Investments - Sched_2

Equity in Investments - Schedule of Investment and Equity in Earnings (losses) of the Equity Method Investees (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Increase (Decrease) In Equity Method Investment [Roll Forward]
Beginning investment balance	$ 72,855	$ 64,072	$ 61,214
Equity earnings (losses)	5,322	1,341	3,203
Cash distributions	(220)	(483)	(325)
Investment / Cash contributions	525	8,023
Capitalized interest	322
Foreign currency adjustments	12	(98)	(20)
Ending investment balance	78,816	72,855	64,072
Del Mar
Increase (Decrease) In Equity Method Investment [Roll Forward]
Beginning investment balance	2,024	1,997	1,920
Equity earnings (losses)	28	510	296
Cash distributions	(220)	(483)	(219)
Investment / Cash contributions	0	0
Capitalized interest	0
Foreign currency adjustments	0	0	0
Ending investment balance	1,832	2,024	1,997
Romney
Increase (Decrease) In Equity Method Investment [Roll Forward]
Beginning investment balance	507	508	511
Equity earnings (losses)	(5)	(1)	(3)
Cash distributions	0	0	0
Investment / Cash contributions	0	0
Capitalized interest	0
Foreign currency adjustments	0	0	0
Ending investment balance	502	507	508
Rosales
Increase (Decrease) In Equity Method Investment [Roll Forward]
Beginning investment balance	1,147	1,351	1,641
Equity earnings (losses)	166	(106)	(164)
Cash distributions	0	0	(106)
Investment / Cash contributions	0	0
Capitalized interest	0
Foreign currency adjustments	12	(98)	(20)
Ending investment balance	1,325	1,147	1,351
LLCB
Increase (Decrease) In Equity Method Investment [Roll Forward]
Beginning investment balance	61,154	60,216	57,142
Equity earnings (losses)	5,134	938	3,074
Cash distributions	0	0	0
Investment / Cash contributions	0	0
Capitalized interest	0
Foreign currency adjustments	0	0	0
Ending investment balance	66,288	61,154	60,216
LLCB II, LLC
Increase (Decrease) In Equity Method Investment [Roll Forward]
Beginning investment balance	8,023	0	0
Equity earnings (losses)	(1)	0	0
Cash distributions	0	0	0
Investment / Cash contributions	525	8,023
Capitalized interest	322
Foreign currency adjustments	0	0	0
Ending investment balance	$ 8,869	$ 8,023	$ 0

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Change in the Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2022	Oct. 31, 2021
Goodwill [Roll Forward]
Beginning balance	$ 1,527
Foreign currency translation adjustment	6	$ (21)
Ending balance	$ 1,506	$ 1,527

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 1,512	$ 1,506	$ 1,527
Amortization expense	730	$ 723	$ 929
Fresh Lemons Reporting Unit
Finite-Lived Intangible Assets [Line Items]
Goodwill	942
Lemon Packing Reporting Unit
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 570

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Indefinite-Lived Intangible Assets and Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (3,347)	$ (2,617)
Net Carrying Amount	3,235
Gross Carrying Amount	10,004	9,934
Net Carrying Amount	6,657	7,317
Acquired water and mineral rights
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	3,422	3,352
Trade names and trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,108	2,108
Accumulated Amortization	(1,104)	(881)
Net Carrying Amount	$ 1,004	$ 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	(2,111)	(1,660)
Net Carrying Amount	$ 1,926	$ 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	(132)	(76)
Net Carrying Amount	$ 305	$ 361
Weighted Average Useful Life in Years	8 years	8 years

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Schedule of Estimated Future Amortization Expense of Intangible Assets (Details) $ in Thousands	Oct. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 711
2025	711
2026	711
2027	427
2028	427
Thereafter	248
Net Carrying Amount	$ 3,235

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Apr. 30, 2023	Oct. 31, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Investments in mutual water companies	$ 5,703		$ 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	Oct. 31, 2023	Oct. 31, 2022
Accounts Payable and Accrued Liabilities, Current [Abstract]
Compensation	$ 2,858	$ 3,572
Property taxes	548	664
Operating expenses	2,223	2,341
Leases	2,150	2,026
Other	872	2,676
Accrued liabilities	$ 8,651	$ 11,279

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Jan. 01, 2023	Oct. 31, 2022	Jul. 02, 2022
Debt Instrument [Line Items]
Long-term debt, gross	$ 41,009		$ 105,902
Less deferred financing costs, net of accumulated amortization	0		94
Total long-term debt, net	41,009		105,808
Less current portion	381		1,732
Long-term debt, less current portion	40,628		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	5.31%
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	$ 583		675
Fixed interest rate	6.48%
Banco De Chile COVID-19 Loans
Debt Instrument [Line Items]
Long-term debt, gross	$ 112		233
Fixed interest rate	3.48%
Banco De Chile COVID-19 Loan Two
Debt Instrument [Line Items]
Long-term debt, gross	$ 314		$ 434
Fixed interest rate	3.48%		4.26%

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) $ in Thousands		1 Months Ended	12 Months Ended
	Jan. 01, 2023	Mar. 31, 2020 USD ($)	Oct. 31, 2023 USD ($)	Oct. 31, 2022 USD ($)	Oct. 31, 2021 USD ($)	Jul. 02, 2022	Jun. 01, 2021 USD ($)
Debt Instrument [Line Items]
Long-term debt, gross			$ 41,009	$ 105,902
Interest costs capitalized			864	582	$ 1,110
AgWest Farm Credit
Debt Instrument [Line Items]
Dividends received			1,413	1,582	$ 1,170
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	$ 88,521
Available to borrow			$ 75,000
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
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	1.68%
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
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

Long-Term Debt - Schedule of Pr

Long-Term Debt - Schedule of Principal Payments On The Company’s Long-Term Debt (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Debt Disclosure [Abstract]
2024	$ 381
2025	595
2026	40,033
Total long-term debt, gross	$ 41,009	$ 105,902

Other Long-Term Liabilities (De

Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Other Liabilities Disclosure [Abstract]
Minimum pension liability	$ 0	$ 2,272
Loan guarantee	1,080	1,080
Leases	2,316	5,062
Other	1,159	1,393
Other long-term liabilities	$ 4,555	$ 9,807

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Lessor, Lease, Description [Line Items]
Depreciation expense	$ 1,005	$ 934
Lessee, operating lease, lease not yet commenced, liability	870
Contractual obligation, to be paid, year one	224
Contractual obligation, to be Paid, year two	224
Contractual obligation, to be paid, year three	224
Contractual obligation, to be paid, year four	224
Contractual obligation, to be paid, year five	$ 37
Minimum
Lessor, Lease, Description [Line Items]
Remaining terms of operating leases	1 month
Remaining terms of operating leases	1 year
Maximum
Lessor, Lease, Description [Line Items]
Remaining terms of operating leases	19 years
Remaining terms of operating leases	4 years

Leases - Schedule of Components

Leases - Schedule of Components of the Company’s Operating Lease Portfolio (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation	$ (8,931)	$ (7,912)
Property, plant and equipment, net under operating leases	32,541	34,100
Land and land improvements
Property, Plant and Equipment [Line Items]
Property Subject to or Available for operating lease, gross	12,333	13,619
Buildings, equipment and building improvements
Property, Plant and Equipment [Line Items]
Property Subject to or Available for operating lease, gross	20,729	19,983
Orchards
Property, Plant and Equipment [Line Items]
Property Subject to or Available for operating lease, gross	$ 8,410	$ 8,410

Leases - Schedule of Rental Ope

Leases - Schedule of Rental Operations Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Leases [Abstract]
Operating lease revenue	$ 5,174	$ 4,998
Variable lease revenue	346	326
Total lease revenue	$ 5,520	$ 5,324
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other operations

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments to be Received Related to Net Operating Lease Agreements (Details) $ in Thousands	Oct. 31, 2023 USD ($)
Leases [Abstract]
2024	$ 1,252
2025	1,031
2026	204
2027	44
2028	44
Thereafter	627
Total	$ 3,202

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Costs Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Leases [Abstract]
Operating lease costs	$ 2,000	$ 537
Amortization of lease assets	145	120
Interest on lease liabilities	32	34
Variable lease costs	0	242
Short-term lease costs	600	212
Total lease costs	$ 2,777	$ 1,145

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Assets
Operating lease ROU assets	$ 3,484	$ 6,190
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent
Finance lease assets	$ 1,182	$ 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	$ 4,666	$ 7,281
Liabilities
Current operating lease liabilities	$ 1,831	$ 1,892
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current, Other liabilities	Accrued Liabilities, Current, Other liabilities
Current finance lease liabilities	$ 319	$ 268
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Non-current operating lease liabilities	$ 1,714	$ 4,347
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Long-Term Liabilities	Other Long-Term Liabilities
Non-current finance lease liabilities	$ 602	$ 715
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Long-Term Liabilities	Other Long-Term Liabilities
Operating and finance lease liabilities	$ 4,466	$ 7,222
Weighted-average remaining lease term (in years):
Operating lease weighted-average remaining lease term (in years)	1 year 7 months 6 days	5 years 1 month 6 days
Finance lease, weighted-average remaining lease term (in years)	3 years 1 month 6 days	3 years 10 months 24 days
Weighted-average discount rate:
Operating lease, weighted average discount rate, percent	4.90%	6.10%
Finance lease, weighted average discount rate, percent	4.20%	3.50%

Leases - Schedule of Suppleme_2

Leases - Schedule of Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 1,931	$ 577
Operating cash outflows from finance leases	32	35
Financing cash outflows from finance leases	297	219
ROU assets obtained in exchange for new operating lease liabilities	138	4,612
Leased assets obtained in exchange for new finance lease liabilities	235	68
Write off of ROU asset and operating lease liability	$ (1,206)	$ 0

Leases - Schedule of Future M_2

Leases - Schedule of Future Minimum Lease Payments under Non-Cancellable Leases (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Operating
2024	$ 1,822
2025	1,815
2026	114
2027	23
Total lease payments	3,774
Less: Imputed interest	(229)
Present value of lease liabilities	3,545
Finance
2024	319
2025	319
2026	299
2027	46
Total lease payments	983
Less: Imputed interest	(62)
Present value of lease liabilities	921
Total
2024	2,141
2025	2,134
2026	413
2027	69
Total lease payments	4,757
Less: Imputed interest	(291)
Operating and finance lease liabilities	$ 4,466	$ 7,222

Basic and Diluted Net (Loss) In

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	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Basic net income (loss) per common share:
Net income (loss) applicable to common stock	$ 8,899	$ (737)	$ (3,942)
Effect of unvested, restricted stock	(146)	(50)	(35)
Numerator: Net income (loss) for basic EPS	$ 8,753	$ (787)	$ (3,977)
Denominator: Weighted average common shares–basic (in shares)	17,603	17,513	17,555
Basic net (loss) income per common share (in dollars per share)	$ 0.50	$ (0.04)	$ (0.23)
Diluted net income (loss) per common share:
Net income (loss) for basic EPS	$ 8,753	$ (787)	$ (3,977)
Effect of dilutive preferred stock	0	0	0
Numerator: Net income (loss) for diluted EPS	$ 8,753	$ (787)	$ (3,977)
Weighted average common shares-basic (in shares)	17,603	17,513	17,555
Effect of dilutive preferred stock (in shares)	0	0	0
Denominator: Weighted average common shares–diluted (in shares)	17,603	17,513	17,555
Diluted net (loss) income per common share (in dollars per share)	$ 0.50	$ (0.04)	$ (0.23)

Basic and Diluted Net (Loss) _2

Basic and Diluted Net (Loss) Income Per Share - Narrative (Details) shares in Thousands	12 Months Ended
	Oct. 31, 2021 shares
Restricted Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	117

Related-Party Transactions - Sc

Related-Party Transactions - Schedule of Balance Sheet (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Related Party Transaction [Line Items]
Other Long-Term Liabilities	$ 4,555	$ 9,807
Mutual water companies | Related Party
Related Party Transaction [Line Items]
Receivables/Other from Related Parties	0	0
Other Assets	523	506
Payables to Related Parties	48	133
Other Long-Term Liabilities	0	0
Cadiz / Fenner / WAM | Related Party
Related Party Transaction [Line Items]
Receivables/Other from Related Parties	0	0
Other Assets	0	1,288
Payables to Related Parties	206	446
Other Long-Term Liabilities	0	1,198
YMIDD | Related Party
Related Party Transaction [Line Items]
Receivables/Other from Related Parties	571	0
Other Assets	0	0
Payables to Related Parties	0	0
Other Long-Term Liabilities	0	0
FGF | Related Party
Related Party Transaction [Line Items]
Receivables/Other from Related Parties	2,681	2,965
Other Assets	2,519	2,652
Payables to Related Parties	837	837
Other Long-Term Liabilities	0	0
LLCB | Related Party
Related Party Transaction [Line Items]
Receivables/Other from Related Parties	66	66
Other Assets	0	0
Payables to Related Parties	3,444	3,444
Other Long-Term Liabilities	$ 0	$ 0

Related-Party Transactions - _2

Related-Party Transactions - Schedule of Statement of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Related Party Transaction [Line Items]
Revenues	$ 174,381	$ 179,281	$ 161,381
Other operations	5,520	5,324	4,646
Costs and expenses	160,542	172,606	162,548
Employees | Related Party
Related Party Transaction [Line Items]
Revenues	0	0	0
Other operations	888	869	814
Costs and expenses	0	0	0
Dividends Paid	0	0	0
Mutual water companies | Related Party
Related Party Transaction [Line Items]
Revenues	0	0	0
Other operations	0	0	0
Costs and expenses	1,306	1,454	1,160
Dividends Paid	0	0	0
Cooperative association | Related Party
Related Party Transaction [Line Items]
Revenues	0	0	0
Other operations	0	0	0
Costs and expenses	1,689	1,834	1,750
Dividends Paid	0	0	0
Calavo | Related Party
Related Party Transaction [Line Items]
Revenues	0	0	6,594
Other operations	0	80	320
Costs and expenses	0	2	721
Dividends Paid	0	126	503
Cadiz / Fenner / WAM | Related Party
Related Party Transaction [Line Items]
Revenues	0	0	0
Other operations	0	0	0
Costs and expenses	2,074	1,467	338
Dividends Paid	0	0	0
YMIDD | Related Party
Related Party Transaction [Line Items]
Revenues	1,080	225	0
Other operations	0	0	0
Costs and expenses	134	142	123
Dividends Paid	0	0	0
FGF | Related Party
Related Party Transaction [Line Items]
Revenues	330	673	4,129
Other operations	224	343	0
Costs and expenses	0	25	2,884
Dividends Paid	0	0	0
Principal owner | Related Party
Related Party Transaction [Line Items]
Revenues	0	0
Other operations	0	0
Costs and expenses	0	0
Dividends Paid	$ 867	$ 593
Colorado River Growers | Related Party
Related Party Transaction [Line Items]
Revenues			157
Other operations			0
Costs and expenses			2,772
Dividends Paid			0
Freska | Related Party
Related Party Transaction [Line Items]
Revenues			128
Other operations			0
Costs and expenses			150
Dividends Paid			0
Third-party growers | Related Party
Related Party Transaction [Line Items]
Revenues			0
Other operations			0
Costs and expenses			147
Dividends Paid			$ 0

Related-Party Transactions - Na

Related-Party Transactions - Narrative (Details)	12 Months Ended
	Oct. 31, 2013 USD ($) a	Oct. 31, 2023 shares
Affiliate of WAM | Limoneira Company Series B-2 Convertible Preferred Stock
Related Party Transaction [Line Items]
Shares of Series B-2 convertible preferred stock held (in shares) | shares		9,300
Cadiz / Fenner / WAM | Related Party
Related Party Transaction [Line Items]
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

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income (Loss) Before Income Tax, Domestic and Foreign (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Income Tax Disclosure [Abstract]
United States	$ 14,395	$ 1,911	$ (1,459)
Foreign	(1,031)	(1,562)	(2,704)
Income (loss) before income tax (provision) benefit	$ 13,364	$ 349	$ (4,163)

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of (Provisions) Benefit of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Current:
Federal	$ (5,696)	$ (178)	$ 37
State	(498)	(93)	40
Foreign	0	(4)	0
Total current tax (provision) benefit	(6,194)	(275)	77
Deferred:
Federal	2,665	(477)	(17)
State	(717)	(127)	127
Foreign	(1)	56	79
Total deferred tax (provision) benefit	1,947	(548)	189
Total income tax (provision) benefit	$ (4,247)	$ (823)	$ 266

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Deferred income tax assets:
Reserves and other accruals	$ 698	$ 752
Net operating losses	1,970	5,917
Lease liabilities	951	1,672
Minimum pension liability adjustment	0	621
Other assets	43	151
Stock-based compensation	1,320	604
Total deferred income tax assets	4,982	9,717
Valuation allowance	(2,299)	(1,536)
Total net deferred income tax assets	2,683	8,181
Deferred income tax liabilities:
Property taxes	(19)	(135)
Depreciation	(13,335)	(18,343)
Amortization	(107)	(175)
Land and other indefinite life assets	(4,138)	(6,592)
Investment in joint ventures and other basis adjustments	(6,119)	(4,449)
Right-of-use assets	(935)	(1,660)
Prepaids and receivables	(178)	(298)
Other	(24)	(26)
Total deferred income tax liabilities	(24,855)	(31,678)
Net deferred income tax liabilities	(22,172)	(23,497)
Deferred income taxes — noncurrent assets	0	0
Deferred income taxes — noncurrent liabilities	$ (22,172)	$ (23,497)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Income Tax Disclosure [Abstract]
Valuation allowance	$ 2,299	$ 1,536
Deferred tax asset	1,970
Accrued interest or penalties	$ 0

Income Taxes - Schedule of Net

Income Taxes - Schedule of Net Operating Loss (Details) $ in Thousands	Oct. 31, 2023 USD ($)
Operating Loss Carryforwards [Line Items]
Gross Amount	$ 1,970
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Gross Amount	1,195
Foreign Tax Authority | Chile
Operating Loss Carryforwards [Line Items]
Gross Amount	3,232
Foreign Tax Authority | Holland
Operating Loss Carryforwards [Line Items]
Gross Amount	144
Foreign Tax Authority | Argentina
Operating Loss Carryforwards [Line Items]
Gross Amount	$ 4,043

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Amount
(Provision) benefit at statutory rates	$ (2,806)	$ (73)	$ 874
State income tax, net of federal benefit	(814)	(74)	224
Share-based compensation	20	(110)	(217)
Executive compensation	(395)	(98)	(45)
Tax law change	137	0	57
State rate adjustment	(95)	(59)	(78)
Valuation allowance	(436)	(357)	(831)
Foreign rate differential	66	74	130
Noncontrolling interest	(48)	(41)	(83)
Other permanent items	247	(12)	235
Tax credit and others	(123)	(73)	0
Total income tax (provision) benefit	$ 4,247	$ 823	$ (266)
%
(Provision) benefit at statutory rates	(21.00%)	(21.00%)	(21.00%)
State income tax, net of federal benefit	(6.20%)	(21.10%)	(5.40%)
Share-based compensation	0.20%	(31.20%)	5.20%
Executive compensation	(3.00%)	(27.90%)	1.10%
Tax law change	1%	0%	(1.40%)
State rate adjustment	(0.70%)	(16.90%)	1.90%
Valuation allowance	(3.30%)	(101.80%)	20%
Foreign rate differential	0.50%	21.10%	(3.10%)
Noncontrolling interest	(0.40%)	(11.80%)	2%
Other permanent items	1.90%	(3.50%)	(5.70%)
Tax credit and others	(0.80%)	(20.70%)	0%
Total income tax (provision) benefit	(31.80%)	(234.80%)	(6.40%)

Retirement Plans - Narrative (D

Retirement Plans - Narrative (Details) - USD ($)	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Average earnings period	5 years
Employer contributions	$ 2,500,000	$ 0
Other Postretirement Benefits Plan
Defined Benefit Plan Disclosure [Line Items]
Requisite period to participate in 401(k) plan	1 month
Maximum annual earnings that may be deferred	100%
Matching contribution percentage (up to)	4%
Matching contribution requisite period	1 year
Annual vesting rate	20%
Annual vesting requisite period	1 year
Discretionary match, percent of gross wages	2%
Plan contribution expense	$ 676,000	$ 445,000	$ 546,000

Retirement Plans - Schedule of

Retirement Plans - Schedule of Net Periodic Pension Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Retirement Benefits [Abstract]
Administrative expenses	$ 20	$ 718
Interest cost	34	520
Expected return on plan assets	(17)	(511)
Prior service cost	4	45
Amortization of net loss	0	398
Settlement loss recognized	$ 2,700	607
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)
Net periodic benefit cost	$ 2,741	$ 1,777

Retirement Plans - Schedule o_2

Retirement Plans - Schedule of Plan Funded Status (Details) - USD ($)	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Change in benefit obligation:
Administrative expenses	$ 20,000	$ 718,000
Interest cost	34,000	520,000
Change in plan assets:
Employer contributions	2,500,000	0
Pension Plan
Change in benefit obligation:
Benefit obligation at beginning of year	14,607,000	21,417,000
Administrative expenses	20,000	718,000
Plan settlements	(14,427,000)	(3,604,000)
Interest cost	35,000	520,000
Benefits paid	(100,000)	(1,327,000)
Expenses paid	(220,000)	(643,000)
Benefits and expenses payable	(198,000)	0
Transfer in	99,000	0
Actuarial loss (gain)	184,000	(2,474,000)
Benefit obligation at end of year	0	14,607,000
Change in plan assets:
Fair value of plan assets at beginning of year	12,335,000	20,570,000
Actual return on plan assets	11,000	(2,661,000)
Plan settlements	(14,427,000)	(3,604,000)
Benefits paid	(100,000)	(1,327,000)
Expenses paid	(220,000)	(643,000)
Benefits and expenses payable	(198,000)	0
Transfer in	99,000	0
Fair value of plan assets at end of year	0	12,335,000
Reconciliation of funded status:
Fair value of plan assets	0	12,335,000
Benefit obligations	0	14,607,000
Net plan obligations and deficit recognized in statements of financial position	0	(2,272,000)
Amounts recognized in statements of financial position:
Noncurrent liabilities	0	(2,272,000)
Net plan obligations and deficit recognized in statements of financial position	0	(2,272,000)
Reconciliation of amounts recognized in statements of financial position:
Prior service cost	0	(54,000)
Net loss	0	(2,459,000)
Prior service cost	0	(2,513,000)
Accumulated contributions in excess of net periodic benefit cost	0	241,000
Net plan obligations and deficit recognized in statements of financial position	$ 0	$ (2,272,000)

Retirement Plans - Schedule o_3

Retirement Plans - Schedule of Comprehensive Income (Details) - Pension Plan - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax [Abstract]
Net loss arising during the year	$ 190	$ 697
Amortization of prior service cost	(54)	(45)
Amortization of net loss	(2,649)	(1,005)
Total recognized in other comprehensive income	(2,513)	(353)
Total recognized in net periodic benefit and other comprehensive loss	$ 228	$ 1,424

Retirement Plans - Schedule o_4

Retirement Plans - Schedule of Benefit Obligations And Net Periodic Benefit Cost (Details) - Pension Plan - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2022	Oct. 31, 2023	Oct. 31, 2021
Assumptions used to determine net periodic benefit cost:
Discount rate	2.58%
Expected return on plan assets	2.98%
Defined Benefit Plan Additional Year End Information [Abstract]
Projected benefit obligation	$ 14,607	$ 0	$ 21,417
Accumulated benefit obligation	14,607	0
Fair value of plan assets	$ 12,335	$ 0	$ 20,570

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands			12 Months Ended
	May 19, 2023	Apr. 18, 2023	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Other Commitments [Line Items]
Revenues			$ 174,381	$ 179,281	$ 161,381
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]			Agribusiness [Member]	Agribusiness [Member]	Agribusiness [Member]
Gain on legal settlement			$ 2,269	$ 0	$ 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 [Member]
Gain on legal settlement	$ 2,269

Series B and Series B-2 Prefe_2

Series B and Series B-2 Preferred Stock (Details) $ / shares in Units, $ in Thousands	2 Months Ended	12 Months Ended
	Apr. 30, 2014 USD ($) $ / shares shares	Oct. 31, 2023 vote $ / shares shares	Oct. 31, 2022 shares	Oct. 31, 1997 $ / shares shares
Series B Preferred
Temporary Equity [Line Items]
Shares of convertible preferred stock issued (in shares) | shares				30,000
Par value of convertible preferred stock (in dollars per share)				$ 100
Preferred stock coupon rate		8.75%	8.75%
Number of votes | vote		10
Preferred stock, shares outstanding (in shares) | shares		14,790	14,790
Conversion price (in dollars per share)		$ 8
Series B Two Preferred Stock
Temporary Equity [Line Items]
Shares of convertible preferred stock issued (in shares) | shares	9,300
Par value of convertible preferred stock (in dollars per share)	$ 100
Preferred stock coupon rate	4%	4%
Number of votes | vote		1
Conversion price (in dollars per share)		$ 15
Issuance of preferred stock | $	$ 9,300
Conversion term		30 days
Liquidation preference per share (in dollars per share)		$ 1,000

Stockholders_ Equity - Narrativ

Stockholders’ Equity - Narrative (Details) - USD ($)		1 Months Ended			12 Months Ended
	Nov. 30, 2023	Dec. 31, 2023	Nov. 30, 2023	Mar. 31, 2023	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021	Dec. 19, 2023
Class of Stock [Line Items]
Unrecognized stock-based compensation expense					$ 1,588,000
Stock compensation expense					3,841,000	$ 2,732,000	$ 2,582,000
Income tax benefit recognized in the income statement for stock-based compensation arrangements					1,075,000	604,000	476,000
Fair value of shares vested					$ 1,323,000	$ 1,856,000	2,951,000
Authorized amount under share repurchase program							$ 10,000,000
Minimum
Class of Stock [Line Items]
Vesting period					1 year
Maximum
Class of Stock [Line Items]
Vesting period					2 years
Management
Class of Stock [Line Items]
Shares exchanged (in shares)					39,472	105,316	46,993
Fair value of common stock for the payment of payroll taxes associated with the vesting of shares under stock-based compensation programs					$ 567,000	$ 1,530,000	$ 701,000
Subsequent Event
Class of Stock [Line Items]
Dividends declared (in dollars per share)								$ 0.075
Dividends declared								$ 1,350,000
Performance Shares
Class of Stock [Line Items]
Vesting period					2 years
Restricted Shares | Executive Awards
Class of Stock [Line Items]
Vesting period					3 years
Restricted Shares | Non-Employee Directors
Class of Stock [Line Items]
Vesting period					1 year
Restricted Shares | Subsequent Event | Executive Awards
Class of Stock [Line Items]
Vesting period			3 years
Shares granted (in shares)			53,078
Per share value of common stock granted (in dollars per share)			$ 14.13
Unrecognized stock-based compensation expense	$ 750,000
Stock Plan
Class of Stock [Line Items]
Performance awards of restricted stock granted (in shares)					500,000
Remaining shares available to be issued (in shares)					154,580
Retention Bonus Agreements
Class of Stock [Line Items]
Stock compensation expense					$ 115,000
Retention Bonus Agreements | Restricted Shares
Class of Stock [Line Items]
Shares granted (in shares)				12,709
Per share value of common stock granted (in dollars per share)				$ 19.57
Retention Bonus Agreements | Restricted Shares | Subsequent Event
Class of Stock [Line Items]
Unrecognized stock-based compensation expense		$ 249,000
Series A Junior Participating Preferred Stock
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)					20,000
Preferred stock, par value (in dollars per share)					$ 0.01
Preferred stock, shares issued (in shares)					0
Preferred stock, shares outstanding (in shares)					0

Stockholders_ Equity - Schedule

Stockholders’ Equity - Schedule of Stock Plan and the Weighted Average Grant Price (Details) - $ / shares	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares (in shares)	296,189	119,231	125,663
Weighted-Average Grant Price (in dollars per share)	$ 14.52	$ 14.38	$ 15.65
Director Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares (in shares)	22,836	49,231	30,663
Weighted-Average Grant Price (in dollars per share)	$ 16.26	$ 13.55	$ 16.85
Performance Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares (in shares)	79,972	0	0
Weighted-Average Grant Price (in dollars per share)	$ 13.19	$ 0	$ 0
Executive Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-Average Grant Price (in dollars per share)	$ 14.52
Executive Awards | Executive Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares (in shares)	193,381	70,000	95,000
Weighted-Average Grant Price (in dollars per share)	$ 14.87	$ 14.96	$ 15.26

Stockholders_ Equity - Schedu_2

Stockholders’ Equity - Schedule of Nonvested Shares (Details) - $ / shares	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Weighted-Average Grant Price
Granted (in dollars per share)	$ 14.52	$ 14.38	$ 15.65
Restricted Shares
Number of Shares
Beginning balance (in shares)	110,897
Granted (in shares)	296,189
Vested (in shares)	(92,564)
Ending balance (in shares)	314,522	110,897
Weighted-Average Grant Price
Outstanding (in dollars per share)	$ 14.40
Granted (in dollars per share)	14.52
Vested (in dollars per share)	14.29
Outstanding (in dollars per share)	$ 14.55	$ 14.40

Segment Information - Narrative

Segment Information - Narrative (Details)	12 Months Ended
	Oct. 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	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Segment Reporting Information [Line Items]
Total net revenues	$ 179,901	$ 184,605	$ 166,027
Costs and expenses	160,542	172,606	162,548
Depreciation and amortization	8,576	9,798	9,812
Operating income	10,783	2,201	(6,333)
Operating Segments
Segment Reporting Information [Line Items]
Total net revenues	174,381	179,281	161,381
Costs and expenses	161,846	152,047	139,866
Depreciation and amortization	7,323	8,604	8,626
Operating income	5,212	18,630	12,889
Eliminations
Segment Reporting Information [Line Items]
Total net revenues	(31,081)	(29,817)	(25,637)
Costs and expenses	(31,081)	(29,817)	(25,637)
Depreciation and amortization	0	0	0
Operating income	0	0	0
Corporate and Other
Segment Reporting Information [Line Items]
Total net revenues	5,520	5,324	4,646
Costs and expenses	(1,304)	20,559	22,682
Depreciation and amortization	1,253	1,194	1,186
Operating income	5,571	(16,429)	(19,222)
Fresh Lemons
Segment Reporting Information [Line Items]
Total net revenues	121,537	120,885	125,448
Fresh Lemons | Operating Segments
Segment Reporting Information [Line Items]
Total net revenues	121,537	120,885	125,448
Costs and expenses	120,494	115,119	116,117
Depreciation and amortization	0	0	0
Operating income	1,043	5,766	9,331
Fresh Lemons | Eliminations
Segment Reporting Information [Line Items]
Total net revenues	0	0	0
Lemon Packing
Segment Reporting Information [Line Items]
Total net revenues	20,573	22,176	17,514
Lemon Packing | Operating Segments
Segment Reporting Information [Line Items]
Total net revenues	51,654	51,993	43,151
Costs and expenses	45,689	43,017	36,018
Depreciation and amortization	0	0	0
Operating income	5,965	8,976	7,133
Lemon Packing | Eliminations
Segment Reporting Information [Line Items]
Total net revenues	(31,081)	(29,817)	(25,637)
Avocados
Segment Reporting Information [Line Items]
Total net revenues	7,046	17,331	6,784
Avocados | Operating Segments
Segment Reporting Information [Line Items]
Total net revenues	7,046	17,331	6,784
Costs and expenses	4,034	5,524	4,211
Depreciation and amortization	0	0	0
Operating income	3,012	11,807	2,573
Other Agribusiness
Segment Reporting Information [Line Items]
Total net revenues	25,225	18,889	11,635
Other Agribusiness | Oranges
Segment Reporting Information [Line Items]
Total net revenues	5,779	9,911	4,382
Other Agribusiness | Specialty citrus and other
Segment Reporting Information [Line Items]
Total net revenues	9,515	8,978	7,253
Other Agribusiness | Farm management
Segment Reporting Information [Line Items]
Total net revenues	9,931	0	0
Other Agribusiness | Operating Segments
Segment Reporting Information [Line Items]
Total net revenues	25,225	18,889	11,635
Costs and expenses	22,710	18,204	9,157
Depreciation and amortization	0	0	0
Operating income	$ 2,515	$ 685	$ 2,478