Limoneira (LMNR) 10-Q 9 Sep 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Jul. 31, 2024	Aug. 31, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2024
Document Transition Report	false
Entity File Number	001-34755
Entity Registrant Name	LIMONEIRA COMPANY
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0260692
Entity Address, Address Line One	1141 Cummings Road
Entity Address, City or Town	Santa Paula
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	93060
City Area Code	805
Local Phone Number	525-5541
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	LMNR
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		18,051,901
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001342423
Current Fiscal Year End Date	--10-31

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jul. 31, 2024	Oct. 31, 2023
Current assets:
Cash	$ 1,090	$ 3,631
Accounts receivable, net	21,398	14,458
Cultural costs	3,302	2,334
Prepaid expenses and other current assets	5,593	5,588
Receivables/other from related parties	4,098	4,214
Total current assets	35,481	30,225
Property, plant and equipment, net	161,625	160,631
Real estate development	10,110	9,987
Equity in investments	80,375	78,816
Goodwill	1,505	1,512
Intangible assets, net	5,386	6,657
Other assets	12,831	13,382
Total assets	307,313	301,210
Current liabilities:
Accounts payable	7,416	9,892
Growers and suppliers payable	11,456	9,629
Accrued liabilities	12,665	8,651
Payables to related parties	6,080	4,805
Current portion of long-term debt	594	381
Total current liabilities	38,211	33,358
Long-term liabilities:
Long-term debt, less current portion	40,049	40,628
Deferred income taxes	21,007	22,172
Other long-term liabilities	2,353	4,555
Total liabilities	101,620	100,713
Commitments and contingencies	0	0
Stockholders' equity:
Common Stock – $0.01 par value (39,000,000 shares authorized: 18,302,878 and 18,192,009 shares issued and 18,051,901 and 17,941,032 shares outstanding at July 31, 2024 and October 31, 2023, respectively)	181	179
Additional paid-in capital	169,743	168,441
Retained earnings	24,164	19,017
Accumulated other comprehensive loss	(6,380)	(5,666)
Treasury stock, at cost, 250,977 shares at July 31, 2024 and October 31, 2023	(3,493)	(3,493)
Noncontrolling interest	10,668	11,209
Total stockholders' equity	194,883	189,687
Total liabilities, convertible preferred stock and stockholders' equity	307,313	301,210
Series B Convertible Preferred Stock
Long-term liabilities:
Convertible preferred stock	1,479	1,479
Series B-2 Preferred Stock
Long-term liabilities:
Convertible preferred stock	9,331	9,331
Series A Junior Participating Preferred Stock
Stockholders' equity:
Series A Junior Participating Preferred Stock – $0.01 par value (20,000 shares authorized: zero issued or outstanding at July 31, 2024 and October 31, 2023)	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Jul. 31, 2024	Oct. 31, 2023
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	39,000,000	39,000,000
Common stock, shares issued (in shares)	18,302,878	18,192,009
Common stock, shares outstanding (in shares)	18,051,901	17,941,032
Treasury stock (in shares)	250,977	250,977
Series B Convertible Preferred Stock
Temporary equity, par value per share (in dollars per share)	$ 100	$ 100
Temporary equity, shares authorized (in shares)	50,000	50,000
Temporary equity, shares issued (in shares)	14,790	14,790
Temporary equity, shares outstanding (in shares)	14,790	14,790
Temporary equity, dividend rate	8.75%	8.75%
Series B-2 Preferred Stock
Temporary equity, par value per share (in dollars per share)	$ 100	$ 100
Temporary equity, shares authorized (in shares)	10,000	10,000
Temporary equity, shares issued (in shares)	9,300	9,300
Temporary equity, shares outstanding (in shares)	9,300	9,300
Temporary equity, dividend 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 (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Net revenues:
Agribusiness	$ 61,849	$ 51,092	$ 143,445	$ 134,296
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]	Agribusiness	Agribusiness	Agribusiness	Agribusiness
Other operations	$ 1,456	$ 1,405	$ 4,197	$ 4,172
Total net revenues	63,305	52,497	147,642	138,468
Costs and expenses:
Agribusiness	$ 45,437	$ 46,845	$ 124,987	$ 126,275
Cost, Product and Service [Extensible List]	Agribusiness	Agribusiness	Agribusiness	Agribusiness
Other operations	$ 1,250	$ 1,034	$ 3,861	$ 3,281
Impairment of intangible asset	643	0	643	0
(Gain) loss on disposal of assets, net	(12)	1,545	(129)	(29,199)
Gain on legal settlement	0	0	0	(2,269)
Selling, general and administrative	6,994	4,622	21,707	19,907
Total costs and expenses	54,312	54,046	151,069	117,995
Operating income (loss)	8,993	(1,549)	(3,427)	20,473
Other income (expense):
Interest income	27	178	63	248
Interest expense, net of patronage dividends	(273)	(241)	(831)	(417)
Equity in earnings of investments, net	483	199	17,116	514
Other income (expense), net	5	(215)	224	(2,627)
Total other income (expense)	242	(79)	16,572	(2,282)
Income (loss) before income tax (provision) benefit	9,235	(1,628)	13,145	18,191
Income tax (provision) benefit	(3,019)	378	(4,051)	(5,537)
Net income (loss)	6,216	(1,250)	9,094	12,654
Net loss attributable to noncontrolling interest	377	87	481	201
Net income (loss) attributable to Limoneira Company	6,593	(1,163)	9,575	12,855
Preferred dividends	(125)	(125)	(376)	(376)
Net income (loss) applicable to common stock	$ 6,468	$ (1,288)	$ 9,199	$ 12,479
Basic net income (loss) per common share (in dollars per share)	$ 0.36	$ (0.07)	$ 0.51	$ 0.70
Diluted net income (loss) per common share (in dollars per share)	$ 0.35	$ (0.07)	$ 0.51	$ 0.69
Weighted-average common shares outstanding-basic (in shares)	17,756	17,621	17,701	17,597
Weighted-average common shares outstanding-diluted (in shares)	18,363	17,621	17,701	18,381

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 6,216	$ (1,250)	$ 9,094	$ 12,654
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(10)	(485)	(714)	1,688
Minimum pension liability adjustments, net of tax of $(135) for the nine months ended July 31, 2023	0	0	0	(220)
Pension settlement cost, net of tax of $756 for the nine months ended July 31, 2023	0	0	0	1,944
Total other comprehensive (loss) income, net of tax	(10)	(485)	(714)	3,412
Comprehensive income (loss)	6,206	(1,735)	8,380	16,066
Comprehensive loss attributable to noncontrolling interest	377	87	481	201
Comprehensive income (loss) attributable to Limoneira Company	$ 6,583	$ (1,648)	$ 8,861	$ 16,267

CONSOLIDATED STATEMENTS OF CO_2

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

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Series B Preferred Stock	Series B-2 Preferred Stock	Common Stock	Additional Paid-In Capital	Retained Earnings	Retained Earnings Series B Preferred Stock	Retained Earnings Series B-2 Preferred Stock	Accumulated Other Comprehensive (Loss) Income	Treasury Stock	Non-controlling Interest
Beginning balance (in shares) at Oct. 31, 2022				17,684,315
Beginning balance at Oct. 31, 2022	$ 181,054			$ 177	$ 165,169	$ 15,500			$ (7,908)	$ (3,493)	$ 11,609
Stockholders' Equity
Dividends Common	(1,337)					(1,337)
Dividends preferred		$ (32)	$ (93)				$ (32)	$ (93)
Stock compensation (in shares)				146,289
Stock compensation	1,064			$ 1	1,063
Noncontrolling interest adjustment	(78)										(78)
Net income (loss)	15,534					15,631					(97)
Other comprehensive income (loss), net of tax	3,947								3,947
Ending balance (in shares) at Jan. 31, 2023				17,830,604
Ending balance at Jan. 31, 2023	200,059			$ 178	166,232	29,669			(3,961)	(3,493)	11,434
Beginning balance, temporary equity at Oct. 31, 2022		1,479	9,331
Ending balance, temporary equity at Jan. 31, 2023		1,479	9,331
Beginning balance (in shares) at Oct. 31, 2022				17,684,315
Beginning balance at Oct. 31, 2022	181,054			$ 177	165,169	15,500			(7,908)	(3,493)	11,609
Stockholders' Equity
Net income (loss)	12,654
Ending balance (in shares) at Jul. 31, 2023				17,978,910
Ending balance at Jul. 31, 2023	195,391			$ 180	167,925	23,945			(4,496)	(3,493)	11,330
Beginning balance, temporary equity at Oct. 31, 2022		1,479	9,331
Ending balance, temporary equity at Jul. 31, 2023		1,479	9,331
Beginning balance (in shares) at Jan. 31, 2023				17,830,604
Beginning balance at Jan. 31, 2023	200,059			$ 178	166,232	29,669			(3,961)	(3,493)	11,434
Stockholders' Equity
Dividends Common	(1,348)					(1,348)
Dividends preferred		(33)	(93)				(33)	(93)
Stock compensation (in shares)				149,900
Stock compensation	965			$ 2	963
Exchange of common stock (in shares)				(1,594)
Exchange of common stock	(26)				(26)
Net income (loss)	(1,630)					(1,613)					(17)
Other comprehensive income (loss), net of tax	(50)								(50)
Ending balance (in shares) at Apr. 30, 2023				17,978,910
Ending balance at Apr. 30, 2023	197,844			$ 180	167,169	26,582			(4,011)	(3,493)	11,417
Beginning balance, temporary equity at Jan. 31, 2023		1,479	9,331
Ending balance, temporary equity at Apr. 30, 2023		1,479	9,331
Stockholders' Equity
Dividends Common	(1,349)					(1,349)
Dividends preferred		(32)	(93)				(32)	(93)
Stock compensation	756				756
Net income (loss)	(1,250)					(1,163)					(87)
Other comprehensive income (loss), net of tax	(485)								(485)
Ending balance (in shares) at Jul. 31, 2023				17,978,910
Ending balance at Jul. 31, 2023	$ 195,391			$ 180	167,925	23,945			(4,496)	(3,493)	11,330
Ending balance, temporary equity at Jul. 31, 2023		1,479	9,331
Beginning balance (in shares) at Oct. 31, 2023	17,941,032			17,941,032
Beginning balance at Oct. 31, 2023	$ 189,687			$ 179	168,441	19,017			(5,666)	(3,493)	11,209
Stockholders' Equity
Dividends Common	(1,350)					(1,350)
Dividends preferred		(32)	(93)				(32)	(93)
Stock compensation (in shares)				99,983
Stock compensation	864			$ 1	863
Exchange of common stock (in shares)				(36,097)
Exchange of common stock	(684)				(684)
Noncontrolling interest adjustment	(60)										(60)
Net income (loss)	(3,677)					(3,585)					(92)
Other comprehensive income (loss), net of tax	(467)								(467)
Ending balance (in shares) at Jan. 31, 2024				18,004,918
Ending balance at Jan. 31, 2024	$ 184,188			$ 180	168,620	13,957			(6,133)	(3,493)	11,057
Beginning balance, temporary equity at Oct. 31, 2023		1,479	9,331
Ending balance, temporary equity at Jan. 31, 2024		1,479	9,331
Beginning balance (in shares) at Oct. 31, 2023	17,941,032			17,941,032
Beginning balance at Oct. 31, 2023	$ 189,687			$ 179	168,441	19,017			(5,666)	(3,493)	11,209
Stockholders' Equity
Net income (loss)	$ 9,094
Ending balance (in shares) at Jul. 31, 2024	18,051,901			18,051,901
Ending balance at Jul. 31, 2024	$ 194,883			$ 181	169,743	24,164			(6,380)	(3,493)	10,668
Beginning balance, temporary equity at Oct. 31, 2023		1,479	9,331
Ending balance, temporary equity at Jul. 31, 2024		1,479	9,331
Beginning balance (in shares) at Jan. 31, 2024				18,004,918
Beginning balance at Jan. 31, 2024	184,188			$ 180	168,620	13,957			(6,133)	(3,493)	11,057
Stockholders' Equity
Dividends Common	(1,348)					(1,348)
Dividends preferred		(33)	(93)				(33)	(93)
Stock compensation (in shares)				30,808
Stock compensation	1,071			$ 1	1,070
Exchange of common stock (in shares)				(63,070)
Exchange of common stock	(1,151)			$ (1)	(1,150)
Net income (loss)	6,555					6,567					(12)
Other comprehensive income (loss), net of tax	(237)								(237)
Ending balance (in shares) at Apr. 30, 2024				17,972,656
Ending balance at Apr. 30, 2024	188,952			$ 180	168,540	19,050			(6,370)	(3,493)	11,045
Beginning balance, temporary equity at Jan. 31, 2024		1,479	9,331
Ending balance, temporary equity at Apr. 30, 2024		1,479	9,331
Stockholders' Equity
Dividends Common	(1,354)					(1,354)
Dividends preferred		(32)	(93)				$ (32)	$ (93)
Stock compensation (in shares)				79,245
Stock compensation	1,204			$ 1	1,203
Net income (loss)	6,216					6,593					(377)
Other comprehensive income (loss), net of tax	$ (10)								(10)
Ending balance (in shares) at Jul. 31, 2024	18,051,901			18,051,901
Ending balance at Jul. 31, 2024	$ 194,883			$ 181	$ 169,743	$ 24,164			$ (6,380)	$ (3,493)	$ 10,668
Ending balance, temporary equity at Jul. 31, 2024		$ 1,479	$ 9,331

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY (UNAUDITED) (Parenthetical) - $ / shares	3 Months Ended
	Jul. 31, 2024	Apr. 30, 2024	Jan. 31, 2024	Jul. 31, 2023	Apr. 30, 2023	Jan. 31, 2023
Dividends Common (in dollars per share)	$ 0.075	$ 0.075	$ 0.075	$ 0.075	$ 0.075	$ 0.075
Series B Preferred Stock
Dividends Series B (in dollars per share)	2.19	2.19	2.19	2.19	2.19	2.19
Series B-2 Preferred Stock
Dividends Series B (in dollars per share)	$ 10	$ 10	$ 10	$ 10	$ 10	$ 10

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Jul. 31, 2024	Jan. 31, 2024	Jul. 31, 2023	Jan. 31, 2023	Jul. 31, 2024	Jul. 31, 2023	Oct. 31, 2023
Operating activities
Net income (loss)	$ 6,216	$ (3,677)	$ (1,250)	$ 15,534	$ 9,094	$ 12,654
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	2,115		2,019		6,273	6,510
Impairment of intangible asset	643		0		643	0
Gain on disposal of assets, net					(129)	(29,199)
Gain on legal settlement					0	(853)
Stock compensation expense					3,139	2,785
Non-cash lease expense					1,361	1,226
Equity in earnings of investments, net	(483)		(199)		(17,116)	(514)
Cash distributions from equity investments					15,005	220
Deferred income taxes					4,051	5,537
Other, net					14	161
Changes in operating assets and liabilities:
Accounts receivable and receivables/other from related parties					(7,125)	(3,881)
Cultural costs					(973)	2,175
Prepaid expenses and other current assets					(1,381)	(336)
Other assets					(150)	19
Accounts payable and growers and suppliers payable					(668)	(4,442)
Accrued liabilities and payables to related parties					2,913	(3,073)
Income taxes payable					(2,319)	(330)
Other long-term liabilities					(1,366)	(1,247)
Net cash provided by (used in) operating activities					11,266	(12,588)
Investing activities
Capital expenditures					(6,721)	(8,960)
Net proceeds from sales of assets					950	98,526
Net proceeds from legal settlement					0	853
Net proceeds from sale of real estate development assets					0	2,577
Cash distribution from Trapani Fresh					61	82
Collection on notes receivable					66	66
Equity investment contributions and capitalized interest					(528)	(275)
Investments in mutual water companies and water rights					(512)	(511)
Net cash (used in) provided by investing activities					(6,684)	92,358
Financing activities
Borrowings of long-term debt					115,202	57,940
Repayments of long-term debt					(115,527)	(122,827)
Principal paid on finance leases and equipment financings					(520)	(323)
Dividends paid – common					(4,052)	(4,034)
Dividends paid – preferred					(376)	(376)
Exchange of common stock					(1,835)	(26)
Net cash used in financing activities					(7,108)	(69,646)
Effect of exchange rate changes on cash					(15)	26
Net (decrease) increase in cash					(2,541)	10,150
Cash at beginning of period		$ 3,631		$ 857	3,631	857	$ 857
Cash at end of period	$ 1,090		$ 11,007		1,090	11,007	$ 3,631
Supplemental disclosures of cash flow information
Cash paid during the period for interest (net of amounts capitalized)					808	592
Cash paid during the period for income taxes, net					2,319	330
Non-cash investing and financing activities:
Capital expenditures accrued but not paid at period-end					348	0
Cancellation of loan guarantee related to equity investment					$ 1,080	$ 0

Organization and Basis of Prese

Organization and Basis of Presentation	9 Months Ended
	Jul. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	Organization and Basis of Presentation Business Limoneira Company (together with its consolidated subsidiaries, the “Company”) engages primarily in growing citrus and avocados, harvesting 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. Through fiscal year 2023, 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. Basis of Presentation and Preparation The accompanying unaudited interim consolidated financial statements include the accounts of the Company and the accounts of all the subsidiaries and investments in which the Company holds a controlling interest. Intercompany balances and transactions have been eliminated in consolidation. In the opinion of the Company, the unaudited interim consolidated financial statements reflect all adjustments, which are normal and recurring in nature, necessary for fair financial statement presentation. The preparation of these unaudited interim consolidated financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Certain information and footnote disclosures normally included in the annual consolidated financial statements have been condensed or omitted pursuant to the rules and regulations of the SEC. Because the consolidated financial statements do not include all of the information and notes required by GAAP for a complete set of consolidated financial statements, they should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Jul. 31, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Comprehensive Income (Loss) Comprehensive income (loss) represents all changes in a company’s net assets, except changes resulting from transactions with stockholders. Other comprehensive income or loss includes foreign currency translation items and defined benefit pension items. Accumulated other comprehensive loss is reported as a component of the Company's stockholders' equity. The following table summarizes other comprehensive (loss) income by component (in thousands): Three Months Ended July 31, 2024 2023 Pre-tax Amount Tax Expense Net Amount Pre-tax Amount Tax Expense Net Amount Foreign currency translation adjustments $ (10) $ — $ (10) $ (485) $ — $ (485) Other comprehensive loss $ (10) $ — $ (10) $ (485) $ — $ (485) Nine Months Ended July 31, 2024 2023 Pre-tax Amount Tax Expense Net Amount Pre-tax Amount Tax Benefit (Expense) Net Amount Foreign currency translation adjustments $ (714) $ — $ (714) $ 1,688 $ — $ 1,688 Minimum pension liability adjustments: Other comprehensive (loss) income before reclassifications — — — (355) 135 (220) Amounts reclassified to earnings included in “Other income (expense), net” — — — 2,700 (756) 1,944 Other comprehensive (loss) income $ (714) $ — $ (714) $ 4,033 $ (621) $ 3,412 Comprehensive Income (Loss) (continued) The following table summarizes the changes in accumulated other comprehensive loss by component (in thousands): Foreign Currency Translation Loss Defined Benefit Pension Plan Accumulated Other Comprehensive Loss Balance at October 31, 2023 $ (5,666) $ — $ (5,666) Other comprehensive loss (714) — (714) Balance at July 31, 2024 $ (6,380) $ — $ (6,380) Foreign Currency Translation (Loss) Gain Defined Benefit Pension Plan Accumulated Other Comprehensive (Loss) Income Balance at October 31, 2022 $ (6,184) $ (1,724) $ (7,908) Other comprehensive income 1,688 1,724 3,412 Balance at July 31, 2023 $ (4,496) $ — $ (4,496) COVID-19 Pandemic Recent Accounting Pronouncements Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ASU 2023-07 is intended to improve reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses, the chief operating decision maker (“CODM”), and how the CODM uses the reported measure(s) of segment profit or loss. This amendment also requires that a public entity provide all annual disclosures about a reportable segment’s profit or loss and assets currently required by FASB Accounting Standards Codification Topic 280, Segment Reporting, in interim periods. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. A public entity should apply the amendments retrospectively to all prior periods presented in the financial statements. The Company is currently evaluating the impact of this guidance on its consolidated financial statements. ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures ASU 2023-09 requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The ASU is effective for public business entities with annual periods beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of this guidance on its consolidated financial statements. SEC Release No. 33-11275: The Enhancement and Standardization of Climate-Related Disclosures for Investors In March 2024, the SEC adopted final rules under SEC Release No. 33-11275: The Enhancement and Standardization of Climate-Related Disclosures for Investors , which requires registrants to provide certain climate-related information in their registration statements and annual reports. The rules require information about a registrant's climate-related risks that are reasonably likely to have a material impact on its business, results of operations, or financial condition. These requirements are effective for the Company in various fiscal years, starting with its fiscal year beginning November 1, 2026. On April 4, 2024, the SEC determined to voluntarily stay the final rules pending certain legal challenges. The Company is currently evaluating the impact of these final rules on its consolidated financial statements and disclosures. Concentrations Concentrations of credit risk with respect to revenues and accounts receivable are limited due to a large, diverse customer base. One individual customer represented 13% of revenue for the nine months ended July 31, 2024. One individual customer represented 10% of accounts receivable, net as of July 31, 2024. No individual vendor represented more than 10% of accounts payable as of July 31, 2024. Lemons procured from third-party growers were 73% and 53% of the Company's lemon supply for the nine months ended July 31, 2024 and 2023, respectively. One third-party grower was 14% of the Company's lemon supply for the nine months ended July 31, 2024. 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.

Asset Sales and Disposals

Asset Sales and Disposals	9 Months Ended
	Jul. 31, 2024
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. 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 had an initial term expiring March 31, 2024, and thereafter continues 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. 3. Asset Sales and Disposals (continued) Yuma Property In December 2023, the Company sold 12 acres of real property located in Yuma, Arizona for a sales price of $775,000. After transaction and closing costs, the Company recorded a gain on disposal of assets of approximately $187,000 during the quarter ended January 31, 2024. 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 at the Cadiz Ranch, disposed of the related property, plant and equipment and recorded a loss on disposal of assets of $9,012,000 during the quarter ended April 30, 2023.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	9 Months Ended
	Jul. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of the following (in thousands): July 31, 2024 October 31, 2023 Prepaid supplies and insurance $ 2,630 $ 1,667 Assets held for sale — 535 Sales tax receivable 245 490 Income taxes receivable — 816 Lemon supplier advances 1,537 791 Other 1,181 1,289 $ 5,593 $ 5,588

Real Estate Development

Real Estate Development	9 Months Ended
	Jul. 31, 2024
Real Estate [Abstract]
Real Estate Development	Real Estate Development Real estate development assets are comprised primarily of land and land development costs for the East Area II property in the amount of $10,110,000 and $9,987,000 as of July 31, 2024 and October 31, 2023, 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 and East Area II, 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 July 31, 2024 and October 31, 2023, which is included in payables to related parties. In January 2018, LLCB entered into a $45,000,000 unsecured Line of Credit Loan Agreement and Promissory Note (the “Loan”) with Bank of America, N.A. to fund early development activities. 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 was payable monthly. Effective as of February 22, 2024, the Loan maturity date was extended to August 22, 2024 and the interest rate transitioned from the BSBY to the Secured Overnight Financing Rate ("SOFR") plus 2.85%. As of May 3, 2024, the Loan had no outstanding balance and was cancelled. As of July 31, 2024, LLCB had unaudited cash and cash equivalents of $69,856,000. 5. Real Estate Development (continued) East Area I, Retained Property and East Area II (continued) In February 2018, the Company and certain principals from Lewis guaranteed the obligations under the Loan. The guarantors were jointly and severally liable for all Loan obligations in the event of default by LLCB. Additionally, a Reimbursement Agreement was executed between the Lewis guarantors and the Company, which provided 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. The guarantee continued in effect until all of the Loan obligations were fully paid and the Loan terminated. The $1,080,000 estimated value of the guarantee was recorded in the Company’s consolidated balance sheets and, upon cancellation of the Loan in May 2024, was removed from other long-term liabilities and the corresponding value in equity in investments. 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. The Company recorded a deferred gain of $465,000 on the transaction, which is included in other long-term liabilities as of July 31, 2024 and October 31, 2023. 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. The Company made contributions of $400,000 and $275,000 to LLCB II during the nine months ended July 31, 2024 and 2023, respectively. Through July 31, 2024, LLCB closed on lot sales representing 1,261 residential units since inception, including 554 residential units in the second quarter of fiscal year 2024. In June 2024, the Company received a cash distribution of $15,005,000 from LLCB. Other Real Estate Development Projects In fiscal year 2020, the Company entered into an agreement to sell its Sevilla property for $2,700,000, which closed in November 2022. After transaction and other costs, the Company received cash proceeds of approximately $2,577,000 and recorded an immaterial loss on disposal of assets during the three months ended January 31, 2023.

Equity in Investments

Equity in Investments	9 Months Ended
	Jul. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]
Equity in Investments	Equity in Investments Equity in investments consist of the following (in thousands): July 31, 2024 October 31, 2023 Limoneira Lewis Community Builders, LLC $ 67,279 $ 66,288 LLCB II, LLC 9,399 8,869 Limco Del Mar, Ltd. ("Del Mar") 1,737 1,832 Rosales 1,459 1,325 Romney Property Partnership 501 502 $ 80,375 $ 78,816 Unconsolidated Significant Subsidiary In accordance with Rule 10-01(b)(1) of Regulation S-X, which applies to interim reports on Form 10-Q, the Company must determine if its equity method investees are considered “significant subsidiaries.” In evaluating its investments, there are two tests utilized to determine if equity method investees are considered significant subsidiaries: the income test and the investment test. Summarized income statement information of an equity method investee is required in an interim report if either of the two tests exceed 20% in the interim periods presented. During the year-to-date interim period for the nine months ended July 31, 2024, this threshold was met for LLCB and thus summarized income statement information for LLCB is presented in this Quarterly Report on Form 10-Q. The full audited financial statements of LLCB for the years ended October 31, 2023, 2022 and 2021 were provided as exhibits to the Annual Report on Form 10-K for the fiscal year ended October 31, 2023. 6. Equity in Investments (continued) Unconsolidated Significant Subsidiary (continued) The following is unaudited summarized financial information for LLCB (in thousands): Nine Months Ended 2024 2023 Revenues $ 91,402 $ 1,086 Cost of land sold 50,246 — Operating expenses 276 414 Net income $ 40,880 $ 672 Net income attributable to Limoneira Company $ 19,765 $ 477 July 31, 2024 October 31, 2023 Cash and cash equivalents $ 69,856 $ 12,863

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	9 Months Ended
	Jul. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net A summary of the change in the carrying amount of goodwill is as follows (in thousands): Goodwill Carrying Amount Balance at October 31, 2023 $ 1,512 Foreign currency translation adjustment (7) Balance at July 31, 2024 $ 1,505 Goodwill is tested for impairment on an annual basis or when an event or changes in circumstances indicate that its carrying value may not be recoverable. There have been no impairment charges recorded against goodwill as of July 31, 2024. Intangible assets consist of the following (in thousands): July 31, 2024 October 31, 2023 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 (1,258) 850 8 $ 2,108 $ (1,104) $ 1,004 8 Customer relationships 2,707 (1,762) 945 8 4,037 (2,111) 1,926 9 Non-competition agreement 437 (173) 264 8 437 (132) 305 8 Acquired water and mineral rights 3,327 — 3,327 Indefinite 3,422 — 3,422 Indefinite $ 8,579 $ (3,193) $ 5,386 $ 10,004 $ (3,347) $ 6,657 Amortization expense totaled $177,000 and $178,000 for the three months ended July 31, 2024 and 2023, respectively. Amortization expense totaled $533,000 and $553,000 for the nine months ended July 31, 2024 and 2023, respectively. In July 2024, the Company determined that the carrying value of one of its customer relationships was not recoverable, recorded an impairment charge of $643,000 and wrote off the intangible asset. 7. Goodwill and Intangible Assets, Net (continued) Estimated future amortization expense of intangible assets as of July 31, 2024 is as follows (in thousands): 2024 (remaining three months) $ 144 2025 578 2026 578 2027 294 2028 294 Thereafter 171 $ 2,059

Other Assets

Other Assets	9 Months Ended
	Jul. 31, 2024
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 the Company has invested in and do not constitute voting shares and/or rights. In January 2023, the Company sold an investment in a mutual water company with a net book value of $1,320,000 as part of the Northern Properties sale described in Note 3 - Asset Sales and Disposals. Amounts included in other assets in the consolidated balance sheets as of July 31, 2024 and October 31, 2023 were $6,215,000 and $5,703,000, respectively.

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Jul. 31, 2024
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consist of the following (in thousands): July 31, 2024 October 31, 2023 Compensation $ 3,705 $ 2,858 Property taxes 451 548 Operating expenses 3,146 2,223 Leases 2,246 2,150 Income taxes payable 2,092 — Other 1,025 872 $ 12,665 $ 8,651

Long-Term Debt

Long-Term Debt	9 Months Ended
	Jul. 31, 2024
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt is comprised of the following (in thousands): July 31, 2024 October 31, 2023 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 SOFR, which was 5.34% at July 31, 2024, 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 $ 40,000 Banco de Chile term loan: The interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 438 583 Banco de Chile COVID-19 loans: The interest rates are fixed at 3.48%. The loans are payable in monthly installments through September 2024. 11 112 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. 194 314 Total long-term debt 40,643 41,009 Less current portion 594 381 Long-term debt, less current portion $ 40,049 $ 40,628 10. Long-Term Debt (continued) 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 July 31, 2024, the Company's outstanding borrowings under the Supplements were $40,000,000 and it had $75,000,000 available to borrow. In January 2023, the Company used the proceeds from the Northern Properties sale as described in Note 3 - Asset Sales and Disposals to reduce the Company's long-term debt. 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 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 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, certain of the Company’s agricultural properties, 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. In December 2023, the Lender declared an annual cash patronage dividend of 1.25% of average eligible loan balances and the Company received $558,000 in the second quarter of fiscal year 2024. In February 2023, the Lender declared an annual cash patronage dividend of 1.25% of average eligible loan balances and the Company received $1,413,000 in the second quarter of fiscal year 2023. Interest is capitalized on non-bearing orchards, real estate development projects and significant construction in progress. The Company capitalized interest of $347,000 and $207,000 during the three months ended July 31, 2024 and 2023, and $501,000 and $513,000 for the nine months ended July 31, 2024 and 2023, 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.

Other Long-Term Liabilities

Other Long-Term Liabilities	9 Months Ended
	Jul. 31, 2024
Other Liabilities Disclosure [Abstract]
Other Long-Term Liabilities	Other Long-Term Liabilities Other long-term liabilities consist of the following (in thousands): July 31, 2024 October 31, 2023 Loan guarantee — 1,080 Leases 1,205 2,316 Other 1,148 1,159 $ 2,353 $ 4,555

Leases

Leases	9 Months Ended
	Jul. 31, 2024
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 Company's rental operations revenue consists of the following (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Operating lease revenue $ 1,381 $ 1,308 $ 3,947 $ 3,872 Variable lease revenue 75 97 250 300 Total lease revenue $ 1,456 $ 1,405 $ 4,197 $ 4,172 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, packinghouse facilities, equipment and vehicles with remaining lease terms ranging from one Lease costs consist of the following (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Operating lease costs $ 517 $ 522 $ 1,535 $ 1,504 Finance lease costs: Amortization of lease assets 51 33 161 99 Interest on lease liabilities 10 7 31 23 Variable lease costs 54 78 22 (12) Short-term lease costs 48 155 148 493 Total lease costs $ 680 $ 795 $ 1,897 $ 2,107 Lessee Arrangements (continued) Supplemental balance sheet information related to leases consists of the following (in thousands): Classification July 31, 2024 October 31, 2023 Assets Operating lease ROU assets Other assets $ 2,809 $ 3,484 Finance lease assets Other assets 714 1,182 $ 3,523 $ 4,666 Liabilities Current operating lease liabilities Accrued liabilities $ 2,053 $ 1,831 Current finance lease liabilities Accrued liabilities 193 319 Non-current operating lease liabilities Other long-term liabilities 811 1,714 Non-current finance lease liabilities Other long-term liabilities 394 602 $ 3,451 $ 4,466 Supplemental cash flow information related to leases consists of the following (in thousands): Nine Months Ended 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 1,530 $ 1,459 Operating cash outflows from finance leases $ 31 $ 23 Financing cash outflows from finance leases $ 291 $ 178 ROU assets obtained in exchange for new operating lease liabilities $ 689 $ 138 Leased assets obtained in exchange for new finance lease liabilities $ 557 $ —
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 Company's rental operations revenue consists of the following (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Operating lease revenue $ 1,381 $ 1,308 $ 3,947 $ 3,872 Variable lease revenue 75 97 250 300 Total lease revenue $ 1,456 $ 1,405 $ 4,197 $ 4,172 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, packinghouse facilities, equipment and vehicles with remaining lease terms ranging from one Lease costs consist of the following (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Operating lease costs $ 517 $ 522 $ 1,535 $ 1,504 Finance lease costs: Amortization of lease assets 51 33 161 99 Interest on lease liabilities 10 7 31 23 Variable lease costs 54 78 22 (12) Short-term lease costs 48 155 148 493 Total lease costs $ 680 $ 795 $ 1,897 $ 2,107 Lessee Arrangements (continued) Supplemental balance sheet information related to leases consists of the following (in thousands): Classification July 31, 2024 October 31, 2023 Assets Operating lease ROU assets Other assets $ 2,809 $ 3,484 Finance lease assets Other assets 714 1,182 $ 3,523 $ 4,666 Liabilities Current operating lease liabilities Accrued liabilities $ 2,053 $ 1,831 Current finance lease liabilities Accrued liabilities 193 319 Non-current operating lease liabilities Other long-term liabilities 811 1,714 Non-current finance lease liabilities Other long-term liabilities 394 602 $ 3,451 $ 4,466 Supplemental cash flow information related to leases consists of the following (in thousands): Nine Months Ended 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 1,530 $ 1,459 Operating cash outflows from finance leases $ 31 $ 23 Financing cash outflows from finance leases $ 291 $ 178 ROU assets obtained in exchange for new operating lease liabilities $ 689 $ 138 Leased assets obtained in exchange for new finance lease liabilities $ 557 $ —

Basic and Diluted Net Income (L

Basic and Diluted Net Income (Loss) Per Share	9 Months Ended
	Jul. 31, 2024
Earnings Per Share [Abstract]
Basic and Diluted Net Income (Loss) Per Share	Basic and Diluted Net Income (Loss) Per Share Basic net income (loss) per common share is calculated using the weighted-average number of common shares outstanding during the period without consideration of the dilutive effect of conversion of preferred stock. Diluted net income (loss) per common share is calculated using the weighted-average number of common shares outstanding during the period plus the dilutive effect of unvested, restricted stock and conversion of preferred stock. The computations for basic and diluted net income (loss) per common share are as follows (in thousands, except per share data): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Basic net income (loss) per common share: Net income (loss) applicable to common stock $ 6,468 $ (1,288) $ 9,199 $ 12,479 Effect of unvested, restricted stock (95) (27) (153) (194) Numerator: Net income (loss) for basic EPS 6,373 (1,315) 9,046 12,285 Denominator: Weighted average common shares–basic 17,756 17,621 17,701 17,597 Basic net income (loss) per common share $ 0.36 $ (0.07) $ 0.51 $ 0.70 Diluted net income (loss) per common share: Net income (loss) for basic EPS $ 6,373 $ (1,315) $ 9,046 $ 12,285 Effect of dilutive preferred stock 125 — — 376 Numerator: Net income (loss) for diluted EPS 6,498 (1,315) 9,046 12,661 Weighted average common shares–basic 17,756 17,621 17,701 17,597 Effect of dilutive preferred stock 607 — — 784 Denominator: Weighted average common shares–diluted 18,363 17,621 17,701 18,381 Diluted net income (loss) per common share $ 0.35 $ (0.07) $ 0.51 $ 0.69 Diluted net income (loss) per common share is computed using the more dilutive method of either the two-class method or the treasury stock method. Unvested stock-based compensation awards that contain non-forfeitable rights to dividends as participating shares are included in computing earnings per share. The Company’s unvested, restricted stock awards qualify as participating shares. Diluted net income (loss) per common share was calculated under the two-class method for the three and nine months ended July 31, 2024 and 2023.

Related-Party Transactions

Related-Party Transactions	9 Months Ended
	Jul. 31, 2024
Related Party Transactions [Abstract]
Related-Party Transactions	Related-Party Transactions The Company has transactions with equity method investments and various related parties summarized in Note 6 - Equity in Investments and in the tables below (in thousands): July 31, 2024 October 31, 2023 Balance Sheet Balance Sheet Ref Related-Party Receivables/Other from Related Parties Other Assets Payables to Related Parties Receivables/Other from Related Parties Other Assets Payables to Related Parties 2 Mutual water companies $ — $ 512 $ 207 $ — $ 523 $ 48 5 Cadiz / Fenner / WAM $ — $ — $ 206 $ — $ — $ 206 6 YMIDD $ 541 $ — $ — $ 571 $ — $ — 7 FGF $ 2,355 $ 2,452 $ 837 $ 2,681 $ 2,519 $ 837 8 LLCB $ — $ — $ 3,444 $ 66 $ — $ 3,444 10 Rosales $ 1,202 $ — $ 924 $ 896 $ — $ 270 11 Del Mar $ — $ — $ 462 $ — $ — $ — Three Months Ended July 31, 2024 Three Months Ended July 31, 2023 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 $ — $ 240 $ — $ — $ — $ 222 $ — $ — 2 Mutual water companies $ — $ — $ 138 $ — $ — $ — $ 201 $ — 3 Cooperative association $ — $ — $ 17 $ — $ — $ — $ 412 $ — 5 Cadiz / Fenner / WAM $ — $ — $ — $ 93 $ — $ — $ 359 $ — 6 YMIDD $ 311 $ — $ — $ — $ 135 $ — $ 70 $ — 7 FGF $ 83 $ 50 $ — $ — $ 132 $ 50 $ — $ — 9 Principal Owner $ — $ — $ — $ 240 $ — $ — $ — $ 446 10 Rosales $ 368 $ — $ 1,545 $ — $ — $ — $ — $ — Nine Months Ended July 31, 2024 Nine Months Ended July 31, 2023 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 $ — $ 695 $ — $ — $ — $ 666 $ — $ — 2 Mutual water companies $ — $ — $ 712 $ — $ — $ — $ 979 $ — 3 Cooperative association $ — $ — $ 576 $ — $ — $ — $ 1,278 $ — 5 Cadiz / Fenner / WAM $ — $ — $ — $ 279 $ — $ — $ 1,914 $ — 6 YMIDD $ 940 $ — $ 62 $ — $ 405 $ — $ 142 $ — 7 FGF $ 248 $ 150 $ — $ — $ 248 $ 174 $ — $ — 9 Principal Owner $ — $ — $ — $ 690 $ — $ — $ — $ 656 10 Rosales $ 3,552 $ — $ 1,594 $ — $ — $ — $ — $ — (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 8 - Other Assets. The Company recorded capital contributions, purchased water and water delivery services and had water payments due to the mutual water companies and districts. (3) Cooperative association - The Company has representation on the board of directors of a non-profit cooperative association that provides pest control services for the agricultural industry. The Company purchased services and supplies from and had immaterial payments due to the cooperative association. 14. Related-Party Transactions (continued) (5) Cadiz / Fenner / WAM - A member of the Company’s board of directors served as the CEO, President and a member of the board of directors of Cadiz, Inc. through December 31, 2023. As of January 1, 2024, Cadiz, Inc. is no longer a related-party. 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 the lease assignment, the Company no longer had 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 and the Company paid dividends to such affiliate. 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) 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. (7) 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. (8) LLCB - Refer to Note 5 - Real Estate Development. (9) Principal owner - The Company has one principal owner with ownership shares over 10% and paid dividends to such owner. (10) Rosales - The Company has an equity interest in Rosales as further described in Note 6 - Equity in Investments. The Company recognizes lemon sales to Rosales, procures lemons and oranges from Rosales and has amounts due to and due from Rosales for such sales and consignments. (11) Del Mar - The Company has an interest in Del Mar as a general partner and as a limited partner as further described in Note 6 - Equity in Investments. Del Mar markets lemons through the Company and the Company has a payable due to Del Mar for such lemon procurement.

Income Taxes

Income Taxes	9 Months Ended
	Jul. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rate for the nine months ended July 31, 2024 was higher than the federal statutory tax rate of 21% mainly due to foreign jurisdictions that are taxed at different rates, state taxes, tax impact of stock-based compensation, executive compensation, nondeductible tax items and valuation allowances on certain deferred tax assets of foreign subsidiaries. The Company has no material uncertain tax positions as of July 31, 2024. The Company recognizes interest expense and penalties related to income tax matters as a component of income tax expense. There was no accrued interest or penalties associated with uncertain tax positions as of July 31, 2024.

Retirement Plans

Retirement Plans	9 Months Ended
	Jul. 31, 2024
Retirement Benefits [Abstract]
Retirement Plans	Retirement Plans The Limoneira Company Retirement Plan (the “Plan”) was a noncontributory, defined benefit, single employer pension plan, which provided retirement benefits for all eligible employees. Benefits paid by the Plan were calculated based on years of service, highest five-year average earnings, primary Social Security benefit and retirement age. Effective June 2004, the Company froze the Plan and no additional benefits accrued to participants subsequent to that date. The Plan was administered by Principal Bank and Mercer Human Resource Consulting. In fiscal year 2021, the Company terminated the Plan effective December 31, 2021. During the three months ended January 31, 2023, the Company made funding contributions of $2,500,000 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. Plan assets were invested in a group trust consisting primarily of pooled funds, mutual funds, cash and cash equivalents. 16. Retirement Plans (continued) The components of net periodic pension cost for the Plan were as follows (in thousands): Nine Months Ended 2024 2023 Administrative expenses $ — $ 20 Interest cost — 34 Expected return on plan assets — (17) Prior service cost — 4 Settlement loss recognized — 2,700 Net periodic benefit cost $ — $ 2,741

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jul. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is from time to time involved in various lawsuits and legal proceedings that arise in the ordinary course of business. At this time, the Company is not aware of any pending or threatened litigation against it that it expects will have a material adverse effect on its business, financial condition, liquidity or operating results. Legal claims are inherently uncertain, however, and it is possible that the Company’s business, financial condition, liquidity and/or operating results could be adversely affected in the future by legal proceedings. The Company was party to a lawsuit, initiated on March 27, 2018, against Southern California Edison in Superior Court of the State of California, County of Los Angeles whereby the Company claimed unspecified damages, attorneys’ fees and other costs, as a result of the Thomas Fire in fiscal year 2018. On April 18, 2023, the Company entered into a Confidential Settlement Agreement and Release (the “Settlement Agreement”) with Southern California Edison Company and Edison International to formally resolve any and all claims related to the fire. Under the terms of the Settlement Agreement, the Company was awarded a total settlement of $9,000,000. On May 19, 2023, the Company received $6,109,000, net of legal and related costs, of which $3,840,000 was recorded in agribusiness revenues

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Jul. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation	Stock-based Compensation The Company has a stock-based compensation plan (the “Stock Plan”) that allows for the grant of common stock of the Company to members of management, key executives and non-employee directors. The fair value of such awards is based on the fair value of the Company’s common stock on the date of grant, and all are classified as equity awards. Management Performance Awards Certain restricted stock grants are made to management under the Stock Plan ("Performance Awards"). Historically the Company granted awards to management each December based on the achievement of certain annual financial performance and other criteria achieved during the previous fiscal year. These grants were based on a percentage of the employee’s base salary divided by the stock price on the grant date once the performance criteria were met, and generally vested over a two-year period as service was provided. During December 2023, 36,127 shares of stock with a per share price of $19.57 were granted to management for fiscal year 2023 performance, resulting in total compensation expense of approximately $707,000, with $293,000 recognized in the fiscal year ended October 31, 2023, and the balance will be recognized over the next two years as the shares vest. During April 2024, 4,330 shares of stock with a weighted average per share price of $19.49 were granted to management and vested upon issuance. The related compensation expense of $84,000 was recognized upon vesting. During May 2024, 35,779 shares of stock with a per share price of $20.07 were granted to management. The related compensation expense of approximately $718,000 will be recognized over three years as the shares vest. In May 2024, the Company entered into Performance Share-Based Agreements with members of management whereby the employees may be granted common stock in the future based on the achievement of certain long-term performance goals. The Company recorded $197,000 of stock compensation expense related to these awards during the nine months ended July 31, 2024. 18. Stock-based Compensation (continued) Executive Awards Certain restricted stock grants are made to key executives under the Stock Plan (“Executive Awards”). These grants generally vest over a three-year period as service is provided. During November 2023, the Company granted 53,078 shares of stock with a per share price of $14.13 to key executives. 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, the Company granted 12,709 shares of 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 the fiscal year ended October 31, 2023, and the balance will be recognized over the next year as the shares vest. During June 2024, the Company granted 40,926 shares of stock with a per share price of $20.36. The related compensation expense of approximately $833,000 will be recognized over the next year as the shares vest. In November 2023, the Company entered into Performance Share-Based Award Agreements with key executives whereby the executives may be granted common stock in the future based on the achievement of certain long-term performance goals. The Company recorded $292,000 of stock compensation expense related to these awards during the nine months ended July 31, 2024. Director Awards Certain restricted stock grants are made to non-employee directors under the Stock Plan on an annual basis that generally vest after a one-year period (“Director Awards”). During January 2024, 609 shares of stock were granted as Director Awards with a per share price of $20.37. During March 2024, an additional 26,478 shares of stock were granted as Director Awards with a per share price of $19.26. Exchange of Common Stock During the nine months ended July 31, 2024 and 2023, members of management exchanged 99,167 and 1,594 shares of common stock with fair values totaling $1,835,000 and $26,000, respectively, at the dates of the exchanges, for the payment of payroll taxes associated with the vesting of shares under the Stock Plan.

Segment Information

Segment Information	9 Months Ended
	Jul. 31, 2024
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 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 primarily includes sales, farm management, farming and harvest costs, brokered fruit costs of oranges and specialty citrus, other crops, fallowing revenue, shipping revenue and shipping costs. During fiscal year 2024, the Company changed its reporting of other revenue and other costs and includes these items in the other agribusiness segment instead of the fresh lemons segment. Prior year's information has been restated to conform to the current year's presentation. 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, impairment of intangible asset, 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 the three months ended July 31, 2024 is as follows (in thousands): Fresh Lemon Eliminations Avocados Other Total Corporate Total Revenues from external customers $ 36,746 $ 5,200 $ — $ 13,897 $ 6,006 $ 61,849 $ 1,456 $ 63,305 Intersegment revenue — 10,499 (10,499) — — — — — Total net revenues 36,746 15,699 (10,499) 13,897 6,006 61,849 1,456 63,305 Costs and expenses 32,977 11,144 (10,499) 4,104 5,912 43,638 8,559 52,197 Depreciation and amortization — — — — — 1,799 316 2,115 Operating income (loss) $ 3,769 $ 4,555 $ — $ 9,793 $ 94 $ 16,412 $ (7,419) $ 8,993 Segment information for the three months ended July 31, 2023 is as follows (in thousands): Fresh Lemon Eliminations Avocados Other Total Corporate Total Revenues from external customers $ 32,739 $ 5,472 $ — $ 3,462 $ 9,419 $ 51,092 $ 1,405 $ 52,497 Intersegment revenue — 9,684 (9,684) — — — — — Total net revenues 32,739 15,156 (9,684) 3,462 9,419 51,092 1,405 52,497 Costs and expenses 30,118 13,140 (9,684) 3,030 8,506 45,110 6,917 52,027 Depreciation and amortization — — — — — 1,735 284 2,019 Operating income (loss) $ 2,621 $ 2,016 $ — $ 432 $ 913 $ 4,247 $ (5,796) $ (1,549) Segment information for the nine months ended July 31, 2024 is as follows (in thousands): Fresh Lemon Eliminations Avocados Other Total Corporate Total Revenues from external customers $ 94,971 $ 15,756 $ — $ 16,245 $ 16,473 $ 143,445 $ 4,197 $ 147,642 Intersegment revenue — 28,129 (28,129) — — — — — Total net revenues 94,971 43,885 (28,129) 16,245 16,473 143,445 4,197 147,642 Costs and expenses 90,687 35,450 (28,129) 5,529 16,119 119,656 25,140 144,796 Depreciation and amortization — — — — — 5,331 942 6,273 Operating income (loss) $ 4,284 $ 8,435 $ — $ 10,716 $ 354 $ 18,458 $ (21,885) $ (3,427) Segment information for the nine months ended July 31, 2023 is as follows (in thousands): Fresh Lemon Eliminations Avocados Other Total Corporate Total Revenues from external customers $ 92,002 $ 17,543 $ — $ 7,065 $ 17,686 $ 134,296 $ 4,172 $ 138,468 Intersegment revenue — 27,356 (27,356) — — — — — Total net revenues 92,002 44,899 (27,356) 7,065 17,686 134,296 4,172 138,468 Costs and expenses (gains) 91,651 36,568 (27,356) 4,053 15,749 120,665 (9,180) 111,485 Depreciation and amortization — — — — — 5,610 900 6,510 Operating income $ 351 $ 8,331 $ — $ 3,012 $ 1,937 $ 8,021 $ 12,452 $ 20,473 Revenues related to rental operations are included in “Corporate and Other.” The detail of other agribusiness revenues is as follows (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Oranges $ 1,160 $ 1,290 $ 3,461 $ 3,825 Specialty citrus and other crops 550 1,900 2,475 4,163 Farm management 3,202 5,383 7,296 6,787 Other 1,094 846 3,241 2,911 Other agribusiness revenues $ 6,006 $ 9,419 $ 16,473 $ 17,686

Subsequent Events

Subsequent Events	9 Months Ended
	Jul. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company evaluated events subsequent to July 31, 2024 through the date of this filing, to assess the need for potential recognition or disclosure in this Quarterly Report. Based upon this evaluation, except as described in the notes to consolidated financial statements, it was determined that no other subsequent events occurred that require recognition or disclosure in the unaudited consolidated financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jul. 31, 2024
Accounting Policies [Abstract]
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) represents all changes in a company’s net assets, except changes resulting from transactions with stockholders. Other comprehensive income or loss includes foreign currency translation items and defined benefit pension items. Accumulated other comprehensive loss is reported as a component of the Company's stockholders' equity.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures ASU 2023-07 is intended to improve reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses, the chief operating decision maker (“CODM”), and how the CODM uses the reported measure(s) of segment profit or loss. This amendment also requires that a public entity provide all annual disclosures about a reportable segment’s profit or loss and assets currently required by FASB Accounting Standards Codification Topic 280, Segment Reporting, in interim periods. The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. A public entity should apply the amendments retrospectively to all prior periods presented in the financial statements. The Company is currently evaluating the impact of this guidance on its consolidated financial statements. ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures ASU 2023-09 requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The ASU is effective for public business entities with annual periods beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of this guidance on its consolidated financial statements. SEC Release No. 33-11275: The Enhancement and Standardization of Climate-Related Disclosures for Investors In March 2024, the SEC adopted final rules under SEC Release No. 33-11275: The Enhancement and Standardization of Climate-Related Disclosures for Investors , which requires registrants to provide certain climate-related information in their registration statements and annual reports. The rules require information about a registrant's climate-related risks that are reasonably likely to have a material impact on its business, results of operations, or financial condition. These requirements are effective for the Company in various fiscal years, starting with its fiscal year beginning November 1, 2026. On April 4, 2024, the SEC determined to voluntarily stay the final rules pending certain legal challenges. The Company is currently evaluating the impact of these final rules on its consolidated financial statements and disclosures.
Concentrations	Concentrations Concentrations of credit risk with respect to revenues and accounts receivable are limited due to a large, diverse customer base. One individual customer represented 13% of revenue for the nine months ended July 31, 2024. One individual customer represented 10% of accounts receivable, net as of July 31, 2024. No individual vendor represented more than 10% of accounts payable as of July 31, 2024. Lemons procured from third-party growers were 73% and 53% of the Company's lemon supply for the nine months ended July 31, 2024 and 2023, respectively. One third-party grower was 14% of the Company's lemon supply for the nine months ended July 31, 2024. 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.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Jul. 31, 2024
Accounting Policies [Abstract]
Schedule of Other Comprehensive Income (Loss) by Component	The following table summarizes other comprehensive (loss) income by component (in thousands): Three Months Ended July 31, 2024 2023 Pre-tax Amount Tax Expense Net Amount Pre-tax Amount Tax Expense Net Amount Foreign currency translation adjustments $ (10) $ — $ (10) $ (485) $ — $ (485) Other comprehensive loss $ (10) $ — $ (10) $ (485) $ — $ (485) Nine Months Ended July 31, 2024 2023 Pre-tax Amount Tax Expense Net Amount Pre-tax Amount Tax Benefit (Expense) Net Amount Foreign currency translation adjustments $ (714) $ — $ (714) $ 1,688 $ — $ 1,688 Minimum pension liability adjustments: Other comprehensive (loss) income before reclassifications — — — (355) 135 (220) Amounts reclassified to earnings included in “Other income (expense), net” — — — 2,700 (756) 1,944 Other comprehensive (loss) income $ (714) $ — $ (714) $ 4,033 $ (621) $ 3,412
Schedule of Accumulated Other Comprehensive Income (Loss) by Component	The following table summarizes the changes in accumulated other comprehensive loss by component (in thousands): Foreign Currency Translation Loss Defined Benefit Pension Plan Accumulated Other Comprehensive Loss Balance at October 31, 2023 $ (5,666) $ — $ (5,666) Other comprehensive loss (714) — (714) Balance at July 31, 2024 $ (6,380) $ — $ (6,380) Foreign Currency Translation (Loss) Gain Defined Benefit Pension Plan Accumulated Other Comprehensive (Loss) Income Balance at October 31, 2022 $ (6,184) $ (1,724) $ (7,908) Other comprehensive income 1,688 1,724 3,412 Balance at July 31, 2023 $ (4,496) $ — $ (4,496)

Asset Sales and Disposals (Tabl

Asset Sales and Disposals (Tables)	9 Months Ended
	Jul. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Asset Sale	The following is a summary of the transaction (in thousands): Net cash proceeds received $ 85,494 Debt directly repaid through the transaction 12,917 Total net proceeds received 98,411 Less: net book value of assets sold Cultural costs 3,853 Prepaid expenses and other current assets 155 Property, plant and equipment, net 53,144 Intangible assets, net 12 Other assets 1,320 Accrued liabilities (68) 58,416 Gain on disposal of assets $ 39,995

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Jul. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consist of the following (in thousands): July 31, 2024 October 31, 2023 Prepaid supplies and insurance $ 2,630 $ 1,667 Assets held for sale — 535 Sales tax receivable 245 490 Income taxes receivable — 816 Lemon supplier advances 1,537 791 Other 1,181 1,289 $ 5,593 $ 5,588

Equity in Investments (Tables)

Equity in Investments (Tables)	9 Months Ended
	Jul. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Financial Information of the Equity Method Investees	Equity in investments consist of the following (in thousands): July 31, 2024 October 31, 2023 Limoneira Lewis Community Builders, LLC $ 67,279 $ 66,288 LLCB II, LLC 9,399 8,869 Limco Del Mar, Ltd. ("Del Mar") 1,737 1,832 Rosales 1,459 1,325 Romney Property Partnership 501 502 $ 80,375 $ 78,816 The following is unaudited summarized financial information for LLCB (in thousands): Nine Months Ended 2024 2023 Revenues $ 91,402 $ 1,086 Cost of land sold 50,246 — Operating expenses 276 414 Net income $ 40,880 $ 672 Net income attributable to Limoneira Company $ 19,765 $ 477 July 31, 2024 October 31, 2023 Cash and cash equivalents $ 69,856 $ 12,863

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	9 Months Ended
	Jul. 31, 2024
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, 2023 $ 1,512 Foreign currency translation adjustment (7) Balance at July 31, 2024 $ 1,505
Schedule of Indefinite-Lived Intangible Assets	Intangible assets consist of the following (in thousands): July 31, 2024 October 31, 2023 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 (1,258) 850 8 $ 2,108 $ (1,104) $ 1,004 8 Customer relationships 2,707 (1,762) 945 8 4,037 (2,111) 1,926 9 Non-competition agreement 437 (173) 264 8 437 (132) 305 8 Acquired water and mineral rights 3,327 — 3,327 Indefinite 3,422 — 3,422 Indefinite $ 8,579 $ (3,193) $ 5,386 $ 10,004 $ (3,347) $ 6,657
Schedule of Finite-Lived Intangible Assets	Intangible assets consist of the following (in thousands): July 31, 2024 October 31, 2023 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 (1,258) 850 8 $ 2,108 $ (1,104) $ 1,004 8 Customer relationships 2,707 (1,762) 945 8 4,037 (2,111) 1,926 9 Non-competition agreement 437 (173) 264 8 437 (132) 305 8 Acquired water and mineral rights 3,327 — 3,327 Indefinite 3,422 — 3,422 Indefinite $ 8,579 $ (3,193) $ 5,386 $ 10,004 $ (3,347) $ 6,657
Schedule of Estimated Future Amortization Expense of Intangible Assets	Estimated future amortization expense of intangible assets as of July 31, 2024 is as follows (in thousands): 2024 (remaining three months) $ 144 2025 578 2026 578 2027 294 2028 294 Thereafter 171 $ 2,059

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Jul. 31, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following (in thousands): July 31, 2024 October 31, 2023 Compensation $ 3,705 $ 2,858 Property taxes 451 548 Operating expenses 3,146 2,223 Leases 2,246 2,150 Income taxes payable 2,092 — Other 1,025 872 $ 12,665 $ 8,651

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Jul. 31, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt is comprised of the following (in thousands): July 31, 2024 October 31, 2023 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 SOFR, which was 5.34% at July 31, 2024, 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 $ 40,000 Banco de Chile term loan: The interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 438 583 Banco de Chile COVID-19 loans: The interest rates are fixed at 3.48%. The loans are payable in monthly installments through September 2024. 11 112 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. 194 314 Total long-term debt 40,643 41,009 Less current portion 594 381 Long-term debt, less current portion $ 40,049 $ 40,628

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	9 Months Ended
	Jul. 31, 2024
Other Liabilities Disclosure [Abstract]
Schedule of Other Long-Term Liabilities	Other long-term liabilities consist of the following (in thousands): July 31, 2024 October 31, 2023 Loan guarantee — 1,080 Leases 1,205 2,316 Other 1,148 1,159 $ 2,353 $ 4,555

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jul. 31, 2024
Leases [Abstract]
Schedule of Rental Operations Revenue	The Company's rental operations revenue consists of the following (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Operating lease revenue $ 1,381 $ 1,308 $ 3,947 $ 3,872 Variable lease revenue 75 97 250 300 Total lease revenue $ 1,456 $ 1,405 $ 4,197 $ 4,172
Schedule of Lease Costs	Lease costs consist of the following (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Operating lease costs $ 517 $ 522 $ 1,535 $ 1,504 Finance lease costs: Amortization of lease assets 51 33 161 99 Interest on lease liabilities 10 7 31 23 Variable lease costs 54 78 22 (12) Short-term lease costs 48 155 148 493 Total lease costs $ 680 $ 795 $ 1,897 $ 2,107
Schedule of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases consists of the following (in thousands): Classification July 31, 2024 October 31, 2023 Assets Operating lease ROU assets Other assets $ 2,809 $ 3,484 Finance lease assets Other assets 714 1,182 $ 3,523 $ 4,666 Liabilities Current operating lease liabilities Accrued liabilities $ 2,053 $ 1,831 Current finance lease liabilities Accrued liabilities 193 319 Non-current operating lease liabilities Other long-term liabilities 811 1,714 Non-current finance lease liabilities Other long-term liabilities 394 602 $ 3,451 $ 4,466
Schedule of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases consists of the following (in thousands): Nine Months Ended 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 1,530 $ 1,459 Operating cash outflows from finance leases $ 31 $ 23 Financing cash outflows from finance leases $ 291 $ 178 ROU assets obtained in exchange for new operating lease liabilities $ 689 $ 138 Leased assets obtained in exchange for new finance lease liabilities $ 557 $ —

Basic and Diluted Net Income _2

Basic and Diluted Net Income (Loss) Per Share (Tables)	9 Months Ended
	Jul. 31, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Income (Loss) Per Common Share	The computations for basic and diluted net income (loss) per common share are as follows (in thousands, except per share data): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Basic net income (loss) per common share: Net income (loss) applicable to common stock $ 6,468 $ (1,288) $ 9,199 $ 12,479 Effect of unvested, restricted stock (95) (27) (153) (194) Numerator: Net income (loss) for basic EPS 6,373 (1,315) 9,046 12,285 Denominator: Weighted average common shares–basic 17,756 17,621 17,701 17,597 Basic net income (loss) per common share $ 0.36 $ (0.07) $ 0.51 $ 0.70 Diluted net income (loss) per common share: Net income (loss) for basic EPS $ 6,373 $ (1,315) $ 9,046 $ 12,285 Effect of dilutive preferred stock 125 — — 376 Numerator: Net income (loss) for diluted EPS 6,498 (1,315) 9,046 12,661 Weighted average common shares–basic 17,756 17,621 17,701 17,597 Effect of dilutive preferred stock 607 — — 784 Denominator: Weighted average common shares–diluted 18,363 17,621 17,701 18,381 Diluted net income (loss) per common share $ 0.35 $ (0.07) $ 0.51 $ 0.69

Related-Party Transactions (Tab

Related-Party Transactions (Tables)	9 Months Ended
	Jul. 31, 2024
Related Party Transactions [Abstract]
Schedule of Transactions with Related Parties	The Company has transactions with equity method investments and various related parties summarized in Note 6 - Equity in Investments and in the tables below (in thousands): July 31, 2024 October 31, 2023 Balance Sheet Balance Sheet Ref Related-Party Receivables/Other from Related Parties Other Assets Payables to Related Parties Receivables/Other from Related Parties Other Assets Payables to Related Parties 2 Mutual water companies $ — $ 512 $ 207 $ — $ 523 $ 48 5 Cadiz / Fenner / WAM $ — $ — $ 206 $ — $ — $ 206 6 YMIDD $ 541 $ — $ — $ 571 $ — $ — 7 FGF $ 2,355 $ 2,452 $ 837 $ 2,681 $ 2,519 $ 837 8 LLCB $ — $ — $ 3,444 $ 66 $ — $ 3,444 10 Rosales $ 1,202 $ — $ 924 $ 896 $ — $ 270 11 Del Mar $ — $ — $ 462 $ — $ — $ — Three Months Ended July 31, 2024 Three Months Ended July 31, 2023 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 $ — $ 240 $ — $ — $ — $ 222 $ — $ — 2 Mutual water companies $ — $ — $ 138 $ — $ — $ — $ 201 $ — 3 Cooperative association $ — $ — $ 17 $ — $ — $ — $ 412 $ — 5 Cadiz / Fenner / WAM $ — $ — $ — $ 93 $ — $ — $ 359 $ — 6 YMIDD $ 311 $ — $ — $ — $ 135 $ — $ 70 $ — 7 FGF $ 83 $ 50 $ — $ — $ 132 $ 50 $ — $ — 9 Principal Owner $ — $ — $ — $ 240 $ — $ — $ — $ 446 10 Rosales $ 368 $ — $ 1,545 $ — $ — $ — $ — $ — Nine Months Ended July 31, 2024 Nine Months Ended July 31, 2023 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 $ — $ 695 $ — $ — $ — $ 666 $ — $ — 2 Mutual water companies $ — $ — $ 712 $ — $ — $ — $ 979 $ — 3 Cooperative association $ — $ — $ 576 $ — $ — $ — $ 1,278 $ — 5 Cadiz / Fenner / WAM $ — $ — $ — $ 279 $ — $ — $ 1,914 $ — 6 YMIDD $ 940 $ — $ 62 $ — $ 405 $ — $ 142 $ — 7 FGF $ 248 $ 150 $ — $ — $ 248 $ 174 $ — $ — 9 Principal Owner $ — $ — $ — $ 690 $ — $ — $ — $ 656 10 Rosales $ 3,552 $ — $ 1,594 $ — $ — $ — $ — $ — (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 8 - Other Assets. The Company recorded capital contributions, purchased water and water delivery services and had water payments due to the mutual water companies and districts. (3) Cooperative association - The Company has representation on the board of directors of a non-profit cooperative association that provides pest control services for the agricultural industry. The Company purchased services and supplies from and had immaterial payments due to the cooperative association. (5) Cadiz / Fenner / WAM - A member of the Company’s board of directors served as the CEO, President and a member of the board of directors of Cadiz, Inc. through December 31, 2023. As of January 1, 2024, Cadiz, Inc. is no longer a related-party. 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 the lease assignment, the Company no longer had 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 and the Company paid dividends to such affiliate. 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) 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. (7) 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. (8) LLCB - Refer to Note 5 - Real Estate Development. (9) Principal owner - The Company has one principal owner with ownership shares over 10% and paid dividends to such owner. (10) Rosales - The Company has an equity interest in Rosales as further described in Note 6 - Equity in Investments. The Company recognizes lemon sales to Rosales, procures lemons and oranges from Rosales and has amounts due to and due from Rosales for such sales and consignments. (11) Del Mar - The Company has an interest in Del Mar as a general partner and as a limited partner as further described in Note 6 - Equity in Investments. Del Mar markets lemons through the Company and the Company has a payable due to Del Mar for such lemon procurement.

Retirement Plans (Tables)

Retirement Plans (Tables)	9 Months Ended
	Jul. 31, 2024
Retirement Benefits [Abstract]
Schedule of Net Periodic Pension Cost	The components of net periodic pension cost for the Plan were as follows (in thousands): Nine Months Ended 2024 2023 Administrative expenses $ — $ 20 Interest cost — 34 Expected return on plan assets — (17) Prior service cost — 4 Settlement loss recognized — 2,700 Net periodic benefit cost $ — $ 2,741

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Jul. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Information by Segment	Segment information for the three months ended July 31, 2024 is as follows (in thousands): Fresh Lemon Eliminations Avocados Other Total Corporate Total Revenues from external customers $ 36,746 $ 5,200 $ — $ 13,897 $ 6,006 $ 61,849 $ 1,456 $ 63,305 Intersegment revenue — 10,499 (10,499) — — — — — Total net revenues 36,746 15,699 (10,499) 13,897 6,006 61,849 1,456 63,305 Costs and expenses 32,977 11,144 (10,499) 4,104 5,912 43,638 8,559 52,197 Depreciation and amortization — — — — — 1,799 316 2,115 Operating income (loss) $ 3,769 $ 4,555 $ — $ 9,793 $ 94 $ 16,412 $ (7,419) $ 8,993 Segment information for the three months ended July 31, 2023 is as follows (in thousands): Fresh Lemon Eliminations Avocados Other Total Corporate Total Revenues from external customers $ 32,739 $ 5,472 $ — $ 3,462 $ 9,419 $ 51,092 $ 1,405 $ 52,497 Intersegment revenue — 9,684 (9,684) — — — — — Total net revenues 32,739 15,156 (9,684) 3,462 9,419 51,092 1,405 52,497 Costs and expenses 30,118 13,140 (9,684) 3,030 8,506 45,110 6,917 52,027 Depreciation and amortization — — — — — 1,735 284 2,019 Operating income (loss) $ 2,621 $ 2,016 $ — $ 432 $ 913 $ 4,247 $ (5,796) $ (1,549) Segment information for the nine months ended July 31, 2024 is as follows (in thousands): Fresh Lemon Eliminations Avocados Other Total Corporate Total Revenues from external customers $ 94,971 $ 15,756 $ — $ 16,245 $ 16,473 $ 143,445 $ 4,197 $ 147,642 Intersegment revenue — 28,129 (28,129) — — — — — Total net revenues 94,971 43,885 (28,129) 16,245 16,473 143,445 4,197 147,642 Costs and expenses 90,687 35,450 (28,129) 5,529 16,119 119,656 25,140 144,796 Depreciation and amortization — — — — — 5,331 942 6,273 Operating income (loss) $ 4,284 $ 8,435 $ — $ 10,716 $ 354 $ 18,458 $ (21,885) $ (3,427) Segment information for the nine months ended July 31, 2023 is as follows (in thousands): Fresh Lemon Eliminations Avocados Other Total Corporate Total Revenues from external customers $ 92,002 $ 17,543 $ — $ 7,065 $ 17,686 $ 134,296 $ 4,172 $ 138,468 Intersegment revenue — 27,356 (27,356) — — — — — Total net revenues 92,002 44,899 (27,356) 7,065 17,686 134,296 4,172 138,468 Costs and expenses (gains) 91,651 36,568 (27,356) 4,053 15,749 120,665 (9,180) 111,485 Depreciation and amortization — — — — — 5,610 900 6,510 Operating income $ 351 $ 8,331 $ — $ 3,012 $ 1,937 $ 8,021 $ 12,452 $ 20,473 Revenues related to rental operations are included in “Corporate and Other.” The detail of other agribusiness revenues is as follows (in thousands): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Oranges $ 1,160 $ 1,290 $ 3,461 $ 3,825 Specialty citrus and other crops 550 1,900 2,475 4,163 Farm management 3,202 5,383 7,296 6,787 Other 1,094 846 3,241 2,911 Other agribusiness revenues $ 6,006 $ 9,419 $ 16,473 $ 17,686

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Schedule Other Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive loss, Pre-tax Amount	$ (10)	$ (485)	$ (714)	$ 4,033
Other comprehensive loss, Tax Benefit (Expense)	0	0	0	(621)
Total other comprehensive (loss) income, net of tax	(10)	(485)	(714)	3,412
Foreign Currency Translation (Loss) Gain
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive loss, Pre-tax Amount	(10)	(485)	(714)	1,688
Other comprehensive loss, Tax Benefit (Expense)	0	0	0	0
Total other comprehensive (loss) income, net of tax	$ (10)	$ (485)	(714)	1,688
Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive (loss) income before reclassifications, Pre-tax Amount			0	(355)
Other comprehensive (loss) income before reclassifications, Tax Benefit (Expense)			0	135
Other comprehensive (loss) income before reclassifications, Net Amount			0	(220)
Amounts reclassified to earnings included in "Other income (expense), net", Pre-tax Amount			0	2,700
Amount reclassified to earnings included in "Other income (expense), net", Tax Benefit (Expense)			0	(756)
Amounts reclassified to earnings included in "Other income (expenses), net", Net Amount			$ 0	$ 1,944

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Accumulated Other Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 188,952	$ 197,844	$ 189,687	$ 181,054
Other comprehensive income (loss)	(10)	(485)	(714)	3,412
Ending balance	194,883	195,391	194,883	195,391
Foreign Currency Translation Loss
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(5,666)	(6,184)
Other comprehensive income (loss)			(714)	1,688
Ending balance	(6,380)	(4,496)	(6,380)	(4,496)
Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			0	(1,724)
Other comprehensive income (loss)			0	1,724
Ending balance	0	0	0	0
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(6,370)	(4,011)	(5,666)	(7,908)
Ending balance	$ (6,380)	$ (4,496)	$ (6,380)	$ (4,496)

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Narrative (Details)	9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Customer Concentration Risk | Revenue Benchmark | Major Customer
Accumulated Other Comprehensive Income (Loss) [Line Items]
Concentration risk percentage	13%
Customer Concentration Risk | Accounts Receivable Benchmark | Major Customer
Accumulated Other Comprehensive Income (Loss) [Line Items]
Concentration risk percentage	10%
Supplier Concentration Risk | Revenue, Product and Service Benchmark | Lemon | Third Party Growers
Accumulated Other Comprehensive Income (Loss) [Line Items]
Concentration risk percentage	73%	53%
Supplier Concentration Risk | Revenue, Product and Service Benchmark | Lemon | Third-Party Grower One
Accumulated Other Comprehensive Income (Loss) [Line Items]
Concentration risk percentage	14%

Asset Sales and Disposals - Nar

Asset Sales and Disposals - Narrative (Details)		1 Months Ended			3 Months Ended
	Jan. 31, 2023 USD ($)	Dec. 31, 2023 USD ($) a	Apr. 30, 2023 USD ($) a	Oct. 31, 2022 USD ($) a	Apr. 30, 2024 a	Jan. 31, 2024 USD ($)	Apr. 30, 2023 USD ($)	Jul. 31, 2024 USD ($)	Jun. 01, 2021 USD ($)
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									$ 115,000,000
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								$ 40,000,000	$ 40,000,000
Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Area sold (in acres) | a			670
Net cash proceeds received							$ 9,012,000
Disposed of by Sale | Northern Properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Area sold (in acres) | a				3,537	397,000
Sales price			$ 100,008,000	$ 100,405,000			$ 100,008,000
Total net proceeds received	$ 98,411,000
Minimum year term	5 years
Net cash proceeds received	$ 85,494,000
Disposed of by Sale | Yuma Property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Area sold (in acres) | a		12
Sales price		$ 775,000
Gain (loss) on sale of real estate property						$ 187,000

Asset Sales and Disposals - Sch

Asset Sales and Disposals - Schedule of Asset Sale (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
	Jan. 31, 2023	Jul. 31, 2024	Jul. 31, 2023	Apr. 30, 2023	Jul. 31, 2024	Jul. 31, 2023	Oct. 31, 2023
Less: net book value of assets sold
Prepaid expenses and other current assets		$ 5,593			$ 5,593		$ 5,588
Gain on disposal of assets		$ 12	$ (1,545)		$ 129	$ 29,199
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	Jul. 31, 2024	Oct. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid supplies and insurance	$ 2,630	$ 1,667
Assets held for sale	0	535
Sales tax receivable	245	490
Income taxes receivable	0	816
Lemon supplier advances	1,537	791
Other	1,181	1,289
Prepaid expenses and other current assets	$ 5,593	$ 5,588

Real Estate Development (Detail

Real Estate Development (Details)

1 Months Ended

3 Months Ended

9 Months Ended

22 Months Ended

Jun. 06, 2024 USD ($)

Feb. 01, 2023

Oct. 31, 2022 USD ($)

Apr. 30, 2024 residential_unit

Jan. 31, 2023 USD ($)

Jul. 31, 2024 USD ($)

Jul. 31, 2023 USD ($)

Jul. 31, 2024 USD ($) residential_unit

May 03, 2024 USD ($)

Oct. 31, 2023 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 project

Real Estate Properties [Line Items]

Real estate development assets

$ 10,110,000

$ 10,110,000

$ 9,987,000

Outstanding loan balance

40,643,000

40,643,000

41,009,000

Equity method investments

528,000

$ 275,000

Proceeds from residential units sold

61,000

82,000

Unsecured Line of Credit Loan Agreement and Promissory Note

Real Estate Properties [Line Items]

Estimated value of the guarantee obligation

$ 1,080,000

LLCB

Real Estate Properties [Line Items]

Cash and cash equivalents

69,856,000

$ 69,856,000

Number of residential units sold | residential_unit

554

1,261

LLCB | Unsecured Line of Credit Loan Agreement and Promissory Note

Real Estate Properties [Line Items]

Face amount of loan

$ 45,000,000

Maximum borrowing capacity

$ 35,000,000

Outstanding loan balance

$ 0

LLCB | Unsecured Line of Credit Loan Agreement and Promissory Note | Bloomberg Short-Term Bank Yield Index rate (BSBY)

Real Estate Properties [Line Items]

Basis spread on variable rate

2.85%

LLCB | Unsecured Line of Credit Loan Agreement and Promissory Note | Secured Overnight Financing Rate (SOFR)

Real Estate Properties [Line Items]

Basis spread on variable rate

2.85%

LLCB

Real Estate Properties [Line Items]

Proceeds from residential units sold

$ 15,005,000

LLCB | Related Party

Real Estate Properties [Line Items]

Payables to related parties

3,444,000

$ 3,444,000

$ 3,444,000

East Areas I and II

Real Estate Properties [Line Items]

Number of real estate properties | project

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

$ 465,000

East Area I | Lewis Group of Companies

Real Estate Properties [Line Items]

Equity method investment, aggregate cost

$ 20,000,000

East Area I | Lewis Group of Companies | Limoneira Lewis Community Builders

Real Estate Properties [Line Items]

Ownership interest

50%

50%

East Area I | Lewis Group of Companies | LLCB II, LLC

Real Estate Properties [Line Items]

Proceeds from sale of equity method investments

$ 7,975,000

Limoneira Lewis Community Builders, LLC

Real Estate Properties [Line Items]

Equity method investments

$ 400,000

$ 275,000

Sevilla | Disposal Group, Not Discontinued Operations

Real Estate Properties [Line Items]

Sales price

$ 2,700,000

Net cash proceeds received

$ 2,577,000

Equity in Investments - Schedul

Equity in Investments - Schedule of Financial Information of the Equity Method Investees (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Oct. 31, 2023
Schedule of Equity Method Investments [Line Items]
Equity in investments	$ 80,375	$ 78,816
Limoneira Lewis Community Builders, LLC
Schedule of Equity Method Investments [Line Items]
Equity in investments	67,279	66,288
LLCB II, LLC
Schedule of Equity Method Investments [Line Items]
Equity in investments	9,399	8,869
Limco Del Mar, Ltd. ("Del Mar")
Schedule of Equity Method Investments [Line Items]
Equity in investments	1,737	1,832
Rosales
Schedule of Equity Method Investments [Line Items]
Equity in investments	1,459	1,325
Romney Property Partnership
Schedule of Equity Method Investments [Line Items]
Equity in investments	$ 501	$ 502

Equity in Investments - Sched_2

Equity in Investments - Schedule of Financial Information for Equity in Investments (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Jul. 31, 2024	Apr. 30, 2024	Jan. 31, 2024	Jul. 31, 2023	Apr. 30, 2023	Jan. 31, 2023	Jul. 31, 2024	Jul. 31, 2023	Oct. 31, 2023
Schedule of Equity Method Investments [Line Items]
Revenues	$ 63,305			$ 52,497			$ 147,642	$ 138,468
Cost of land sold	45,437			46,845			124,987	126,275
Net income (loss)	6,216	$ 6,555	$ (3,677)	(1,250)	$ (1,630)	$ 15,534	9,094	12,654
Net income attributable to Limoneira Company	6,593			$ (1,163)			9,575	12,855
Limoneira Lewis Community Builders, LLC
Schedule of Equity Method Investments [Line Items]
Revenues							91,402	1,086
Cost of land sold							50,246	0
Operating expenses							276	414
Net income (loss)							40,880	672
Net income attributable to Limoneira Company							19,765	$ 477
Cash and cash equivalents	$ 69,856						$ 69,856		$ 12,863

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Schedule of Change in the Carrying Amount of Goodwill (Details) $ in Thousands	9 Months Ended
	Jul. 31, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 1,512
Foreign currency translation adjustment	(7)
Ending balance	$ 1,505

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Impairment charges recorded against goodwill	$ 0	$ 0		$ 0
Amortization expense		177,000	$ 178,000	533,000	$ 553,000
Intangible asset impairment charge		$ 643,000	$ 0	$ 643,000	$ 0
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Intangible asset impairment charge	$ 643,000

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Schedule of Indefinite-Lived Intangible Assets and Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Oct. 31, 2023
Finite-Lived Intangible Assets, Net [Abstract]
Accumulated Amortization	$ (3,193)	$ (3,347)
Net Carrying Amount	2,059
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]
Gross Carrying Amount	8,579	10,004
Net Carrying Amount	5,386	6,657
Acquired water and mineral rights
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]
Carrying Amount	3,327	3,422
Trade names and trademarks
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	2,108	2,108
Accumulated Amortization	(1,258)	(1,104)
Net Carrying Amount	$ 850	$ 1,004
Weighted Average Useful Life in Years	8 years	8 years
Customer relationships
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	$ 2,707	$ 4,037
Accumulated Amortization	(1,762)	(2,111)
Net Carrying Amount	$ 945	$ 1,926
Weighted Average Useful Life in Years	8 years	9 years
Non-competition agreement
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	$ 437	$ 437
Accumulated Amortization	(173)	(132)
Net Carrying Amount	$ 264	$ 305
Weighted Average Useful Life in Years	8 years	8 years

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets, Net - Schedule of Estimated Future Amortization Expense of Intangible Assets (Details) $ in Thousands	Jul. 31, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024 (remaining three months)	$ 144
2025	578
2026	578
2027	294
2028	294
Thereafter	171
Net Carrying Amount	$ 2,059

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Oct. 31, 2023	Jan. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Investments in mutual water companies	$ 6,215	$ 5,703
Disposed of by Sale | Northern Properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Investments in mutual water companies			$ 1,320

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Oct. 31, 2023
Payables and Accruals [Abstract]
Compensation	$ 3,705	$ 2,858
Property taxes	451	548
Operating expenses	3,146	2,223
Leases	2,246	2,150
Income taxes payable	2,092	0
Other	1,025	872
Accrued liabilities	$ 12,665	$ 8,651

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2024	Oct. 31, 2023	Jan. 01, 2023
Debt Instrument [Line Items]
Total long-term debt	$ 40,643	$ 41,009
Less current portion	594	381
Long-term debt, less current portion	40,049	40,628
Farm Credit West Revolving and Non-Revolving Lines of Credit
Debt Instrument [Line Items]
Total long-term debt	$ 40,000	40,000
Farm Credit West Revolving and Non-Revolving Lines of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Base rate	5.34%
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]
Fixed interest rate	3.57%		3.57%
Banco de Chile Term Loan
Debt Instrument [Line Items]
Fixed interest rate	6.48%
Total long-term debt	$ 438	583
Banco De Chile COVID-19 Loan One
Debt Instrument [Line Items]
Fixed interest rate	3.48%
Total long-term debt	$ 11	$ 112
Banco De Chile COVID-19 Loan Two
Debt Instrument [Line Items]
Fixed interest rate	3.48%	4.26%
Total long-term debt	$ 194	$ 314

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details)

1 Months Ended

3 Months Ended

9 Months Ended

Jan. 01, 2023

Mar. 31, 2020 USD ($)

Jul. 31, 2024 USD ($)

Apr. 30, 2024 USD ($)

Jul. 31, 2023 USD ($)

Apr. 30, 2023 USD ($)

Jul. 31, 2024 USD ($)

Jul. 31, 2023 USD ($)

Dec. 31, 2023

Oct. 31, 2023

Feb. 28, 2023

Jun. 01, 2021 USD ($)

Debt Instrument [Line Items]

Interest costs capitalized

$ 347,000

$ 207,000

$ 501,000

$ 513,000

AgWest Farm Credit

Debt Instrument [Line Items]

Annual patronage dividend rate

1.25%

1.25%

Dividends received

$ 558,000

$ 1,413,000

Farm Credit West Revolving and Non-Revolving Lines of Credit

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 115,000,000

Available to borrow

75,000,000

75,000,000

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

$ 15,000,000

Long-term debt, gross

40,000,000

$ 40,000,000

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

Debt Instrument [Line Items]

Maximum borrowing capacity

75,000,000

Basis spread on variable rate

1.78%

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

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

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

$ 40,000,000

$ 40,000,000

$ 40,000,000

Interest rate

3.57%

3.57%

3.57%

Prepayment fee percent

0.50%

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

Debt Instrument [Line Items]

Draw period

3 years

Payment period

20 years

Other Long-Term Liabilities (De

Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Oct. 31, 2023
Other Liabilities Disclosure [Abstract]
Loan guarantee	$ 0	$ 1,080
Leases	1,205	2,316
Other	1,148	1,159
Other long-term liabilities	$ 2,353	$ 4,555

Leases - Narrative (Details)

Leases - Narrative (Details)	Jul. 31, 2024
Minimum
Lessor, Lease, Description [Line Items]
Remaining terms of operating leases, lessor	1 month
Remaining terms of operating leases, lessee	1 year
Maximum
Lessor, Lease, Description [Line Items]
Remaining terms of operating leases, lessor	19 years
Remaining terms of operating leases, lessee	4 years

Leases - Schedule of Rental Ope

Leases - Schedule of Rental Operations Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Leases [Abstract]
Operating lease revenue	$ 1,381	$ 1,308	$ 3,947	$ 3,872
Variable lease revenue	75	97	250	300
Total lease revenue	$ 1,456	$ 1,405	$ 4,197	$ 4,172
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other operations	Other operations	Other operations	Other operations

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Leases [Abstract]
Operating lease costs	$ 517	$ 522	$ 1,535	$ 1,504
Amortization of lease assets	51	33	161	99
Interest on lease liabilities	10	7	31	23
Variable lease costs	54	78	22	(12)
Short-term lease costs	48	155	148	493
Total lease costs	$ 680	$ 795	$ 1,897	$ 2,107

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Jul. 31, 2024	Oct. 31, 2023
Assets
Operating lease ROU assets	$ 2,809	$ 3,484
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent
Finance lease assets	$ 714	$ 1,182
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent
Operating and finance lease assets	$ 3,523	$ 4,666
Liabilities
Current operating lease liabilities	$ 2,053	$ 1,831
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current	Accrued Liabilities, Current
Current finance lease liabilities	$ 193	$ 319
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Non-current operating lease liabilities	$ 811	$ 1,714
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Non-current finance lease liabilities	$ 394	$ 602
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Operating and finance lease liabilities	$ 3,451	$ 4,466

Leases - Schedule of Suppleme_2

Leases - Schedule of Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 1,530	$ 1,459
Operating cash outflows from finance leases	31	23
Financing cash outflows from finance leases	291	178
ROU assets obtained in exchange for new operating lease liabilities	689	138
Leased assets obtained in exchange for new finance lease liabilities	$ 557	$ 0

Basic and Diluted Net Income _3

Basic and Diluted Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Basic net income (loss) per common share:
Net income (loss) applicable to common stock	$ 6,468	$ (1,288)	$ 9,199	$ 12,479
Effect of unvested, restricted stock	(95)	(27)	(153)	(194)
Numerator: Net income (loss) for basic EPS	$ 6,373	$ (1,315)	$ 9,046	$ 12,285
Denominator: Weighted average common shares–basic (in shares)	17,756	17,621	17,701	17,597
Basic net income (loss) per common share (in dollars per share)	$ 0.36	$ (0.07)	$ 0.51	$ 0.70
Diluted net income (loss) per common share:
Net income (loss) for basic EPS	$ 6,373	$ (1,315)	$ 9,046	$ 12,285
Effect of dilutive preferred stock	125	0	0	376
Numerator: Net income (loss) for diluted EPS	$ 6,498	$ (1,315)	$ 9,046	$ 12,661
Weighted average common shares-basic (in shares)	17,756	17,621	17,701	17,597
Effect of dilutive preferred stock (in shares)	607	0	0	784
Denominator: Weighted average common shares–diluted (in shares)	18,363	17,621	17,701	18,381
Diluted net income (loss) per common share (in dollars per share)	$ 0.35	$ (0.07)	$ 0.51	$ 0.69

Related-Party Transactions - Sc

Related-Party Transactions - Schedule of Balance Sheet (Details) - Related Party - USD ($) $ in Thousands	Jul. 31, 2024	Oct. 31, 2023
Mutual water companies
Related Party Transaction [Line Items]
Receivables/Other from Related Parties	$ 0	$ 0
Other Assets	512	523
Payables to Related Parties	207	48
Cadiz / Fenner / WAM
Related Party Transaction [Line Items]
Receivables/Other from Related Parties	0	0
Other Assets	0	0
Payables to Related Parties	206	206
YMIDD
Related Party Transaction [Line Items]
Receivables/Other from Related Parties	541	571
Other Assets	0	0
Payables to Related Parties	0	0
FGF
Related Party Transaction [Line Items]
Receivables/Other from Related Parties	2,355	2,681
Other Assets	2,452	2,519
Payables to Related Parties	837	837
LLCB
Related Party Transaction [Line Items]
Receivables/Other from Related Parties	0	66
Other Assets	0	0
Payables to Related Parties	3,444	3,444
Rosales
Related Party Transaction [Line Items]
Receivables/Other from Related Parties	1,202	896
Other Assets	0	0
Payables to Related Parties	924	270
Del Mar
Related Party Transaction [Line Items]
Receivables/Other from Related Parties	0	0
Other Assets	0	0
Payables to Related Parties	$ 462	$ 0

Related-Party Transactions - _2

Related-Party Transactions - Schedule of Statement of Operations (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Jul. 31, 2024 USD ($)	Jul. 31, 2023 USD ($)	Jul. 31, 2024 USD ($)	Jul. 31, 2023 USD ($)	Oct. 31, 2013 USD ($) a	Jan. 31, 2024 shares
Related Party Transaction [Line Items]
Net Revenue Agribusiness	$ 61,849,000	$ 51,092,000	$ 143,445,000	$ 134,296,000
Net Revenue Other Operations	1,456,000	1,405,000	4,197,000	4,172,000
Agribusiness Expense and Other	52,197,000	52,027,000	144,796,000	111,485,000
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
Related Party | Employees
Related Party Transaction [Line Items]
Net Revenue Other Operations	240,000	222,000	695,000	666,000
Dividends Paid	0	0	0	0
Related Party | Employees | Agribusiness
Related Party Transaction [Line Items]
Net Revenue Agribusiness	0	0	0	0
Agribusiness Expense and Other	0	0	0	0
Related Party | Mutual water companies
Related Party Transaction [Line Items]
Net Revenue Other Operations	0	0	0	0
Dividends Paid	0	0	0	0
Related Party | Mutual water companies | Agribusiness
Related Party Transaction [Line Items]
Net Revenue Agribusiness	0	0	0	0
Agribusiness Expense and Other	138,000	201,000	712,000	979,000
Related Party | Cooperative association
Related Party Transaction [Line Items]
Net Revenue Other Operations	0	0	0	0
Dividends Paid	0	0	0	0
Related Party | Cooperative association | Agribusiness
Related Party Transaction [Line Items]
Net Revenue Agribusiness	0	0	0	0
Agribusiness Expense and Other	17,000	412,000	576,000	1,278,000
Related Party | Cadiz / Fenner / WAM
Related Party Transaction [Line Items]
Net Revenue Other Operations	0	0	0	0
Dividends Paid	93,000	0	279,000	0
Area of land (in acres) | a					670
Annual base rental per planted acre					$ 200
Percent of gross revenues paid as annual base rental					20%
Maximum annual base rental per planted acre					$ 1,200
Related Party | Cadiz / Fenner / WAM | Agribusiness
Related Party Transaction [Line Items]
Net Revenue Agribusiness	0	0	0	0
Agribusiness Expense and Other	0	359,000	0	1,914,000
Related Party | YMIDD
Related Party Transaction [Line Items]
Net Revenue Other Operations	0	0	0	0
Dividends Paid	0	0	0	0
Related Party | YMIDD | Agribusiness
Related Party Transaction [Line Items]
Net Revenue Agribusiness	311,000	135,000	940,000	405,000
Agribusiness Expense and Other	0	70,000	62,000	142,000
Related Party | FGF
Related Party Transaction [Line Items]
Net Revenue Other Operations	50,000	50,000	150,000	174,000
Dividends Paid	0	0	0	0
Related Party | FGF | Agribusiness
Related Party Transaction [Line Items]
Net Revenue Agribusiness	83,000	132,000	248,000	248,000
Agribusiness Expense and Other	0	0	0	0
Related Party | Principal Owner
Related Party Transaction [Line Items]
Net Revenue Other Operations	0	0	0	0
Dividends Paid	240,000	446,000	690,000	656,000
Related Party | Principal Owner | Agribusiness
Related Party Transaction [Line Items]
Net Revenue Agribusiness	0	0	0	0
Agribusiness Expense and Other	0	0	0	0
Related Party | Rosales
Related Party Transaction [Line Items]
Net Revenue Other Operations	0	0	0	0
Dividends Paid	0	0	0	0
Related Party | Rosales | Agribusiness
Related Party Transaction [Line Items]
Net Revenue Agribusiness	368,000	0	3,552,000	0
Agribusiness Expense and Other	$ 1,545,000	$ 0	$ 1,594,000	$ 0

Retirement Plans - Narrative (D

Retirement Plans - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jan. 31, 2023	Jul. 31, 2024
Retirement Benefits [Abstract]
Average earnings period		5 years
Employer contributions	$ 2,500

Retirement Plans - Schedule of

Retirement Plans - Schedule of Net Periodic Pension Cost (Details) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023
Retirement Benefits [Abstract]
Administrative expenses	$ 0	$ 20
Interest cost	0	34
Expected return on plan assets	0	(17)
Prior service cost	0	4
Settlement loss recognized	0	2,700
Net periodic benefit cost	$ 0	$ 2,741
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands				3 Months Ended		9 Months Ended
	May 19, 2023	Apr. 30, 2023	Apr. 18, 2023	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Other Commitments [Line Items]
Revenues				$ 61,849	$ 51,092	$ 143,445	$ 134,296
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]				Agribusiness	Agribusiness	Agribusiness	Agribusiness
Gain on legal settlement				$ 0	$ 0	$ 0	$ 2,269
Southern California Edison
Other Commitments [Line Items]
Legal settlement awarded			$ 9,000
Net proceeds from legal settlement	$ 6,109
Revenues		$ 3,840
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]		Agribusiness
Gain on legal settlement		$ 2,269

Stock-based Compensation (Detai

Stock-based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended							9 Months Ended		12 Months Ended
	Jun. 30, 2024	May 30, 2024	Apr. 30, 2024	Mar. 31, 2024	Jan. 31, 2024	Dec. 31, 2023	Nov. 30, 2023	Jul. 31, 2024	Jul. 31, 2023	Oct. 31, 2023
Class of Stock [Line Items]
Recognize compensation expense								$ 3,139	$ 2,785
Shares exchanged (in shares)								99,167	1,594
Fair value of shares exchanged								$ 1,835	$ 26
Performance Awards
Class of Stock [Line Items]
Vesting period		3 years				2 years		2 years
Shares granted (in shares)		35,779	4,330			36,127
Common stock per share (in dollars per share)		$ 20.07	$ 19.49			$ 19.57
Unrecognized compensation expense		$ 718	$ 84			$ 707
Recognize compensation expense										$ 293
Stock compensation expense recorded								$ 197
Executive Awards
Class of Stock [Line Items]
Vesting period							3 years	3 years
Shares granted (in shares)							53,078
Common stock per share (in dollars per share)							$ 14.13
Unrecognized compensation expense							$ 750
Retention Bonus Agreements
Class of Stock [Line Items]
Shares granted (in shares)	40,926					12,709
Common stock per share (in dollars per share)	$ 20.36					$ 19.57
Unrecognized compensation expense	$ 833					$ 249
Recognize compensation expense										$ 115
Stock compensation expense recorded								$ 292
Director Awards
Class of Stock [Line Items]
Vesting period								1 year
Shares granted (in shares)				26,478	609
Common stock per share (in dollars per share)				$ 19.26	$ 20.37

Segment Information - Narrative

Segment Information - Narrative (Details)	9 Months Ended
	Jul. 31, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	4
Number of operating segments	4

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2024	Jul. 31, 2023	Jul. 31, 2024	Jul. 31, 2023
Segment Reporting Information [Line Items]
Total net revenues	$ 63,305	$ 52,497	$ 147,642	$ 138,468
Costs and expenses (gains)	52,197	52,027	144,796	111,485
Depreciation and amortization	2,115	2,019	6,273	6,510
Operating income (loss)	8,993	(1,549)	(3,427)	20,473
Fresh Lemons
Segment Reporting Information [Line Items]
Total net revenues	36,746	32,739	94,971	92,002
Lemon Packing
Segment Reporting Information [Line Items]
Total net revenues	5,200	5,472	15,756	17,543
Avocados
Segment Reporting Information [Line Items]
Total net revenues	13,897	3,462	16,245	7,065
Other Agribusiness
Segment Reporting Information [Line Items]
Total net revenues	6,006	9,419	16,473	17,686
Other Agribusiness | Oranges
Segment Reporting Information [Line Items]
Total net revenues	1,160	1,290	3,461	3,825
Other Agribusiness | Specialty citrus and other crops
Segment Reporting Information [Line Items]
Total net revenues	550	1,900	2,475	4,163
Other Agribusiness | Farm management
Segment Reporting Information [Line Items]
Total net revenues	3,202	5,383	7,296	6,787
Other Agribusiness | Other
Segment Reporting Information [Line Items]
Total net revenues	1,094	846	3,241	2,911
Operating Segments
Segment Reporting Information [Line Items]
Total net revenues	61,849	51,092	143,445	134,296
Costs and expenses (gains)	43,638	45,110	119,656	120,665
Depreciation and amortization	1,799	1,735	5,331	5,610
Operating income (loss)	16,412	4,247	18,458	8,021
Operating Segments | Fresh Lemons
Segment Reporting Information [Line Items]
Total net revenues	36,746	32,739	94,971	92,002
Costs and expenses (gains)	32,977	30,118	90,687	91,651
Depreciation and amortization	0	0	0	0
Operating income (loss)	3,769	2,621	4,284	351
Operating Segments | Lemon Packing
Segment Reporting Information [Line Items]
Total net revenues	15,699	15,156	43,885	44,899
Costs and expenses (gains)	11,144	13,140	35,450	36,568
Depreciation and amortization	0	0	0	0
Operating income (loss)	4,555	2,016	8,435	8,331
Operating Segments | Avocados
Segment Reporting Information [Line Items]
Total net revenues	13,897	3,462	16,245	7,065
Costs and expenses (gains)	4,104	3,030	5,529	4,053
Depreciation and amortization	0	0	0	0
Operating income (loss)	9,793	432	10,716	3,012
Operating Segments | Other Agribusiness
Segment Reporting Information [Line Items]
Total net revenues	6,006	9,419	16,473	17,686
Costs and expenses (gains)	5,912	8,506	16,119	15,749
Depreciation and amortization	0	0	0	0
Operating income (loss)	94	913	354	1,937
Eliminations
Segment Reporting Information [Line Items]
Total net revenues	(10,499)	(9,684)	(28,129)	(27,356)
Costs and expenses (gains)	(10,499)	(9,684)	(28,129)	(27,356)
Depreciation and amortization	0	0	0	0
Operating income (loss)	0	0	0	0
Eliminations | Fresh Lemons
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Eliminations | Lemon Packing
Segment Reporting Information [Line Items]
Total net revenues	(10,499)	(9,684)	(28,129)	(27,356)
Corporate and Other
Segment Reporting Information [Line Items]
Total net revenues	1,456	1,405	4,197	4,172
Costs and expenses (gains)	8,559	6,917	25,140	(9,180)
Depreciation and amortization	316	284	942	900
Operating income (loss)	$ (7,419)	$ (5,796)	$ (21,885)	$ 12,452