Limoneira (LMNR) 10-Q 10 Sep 18 2018 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jul. 31, 2018	Aug. 31, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Entity Registrant Name	Limoneira CO
Entity Central Index Key	1,342,423
Current Fiscal Year End Date	--10-31
Entity Filer Category	Accelerated Filer
Trading Symbol	LMNR
Entity Common Stock, Shares Outstanding		17,669,314

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jul. 31, 2018	Oct. 31, 2017
Current assets:
Cash	$ 505	$ 492
Accounts receivable, net	14,987	10,953
Cultural costs	4,957	4,124
Prepaid expenses and other current assets	6,493	6,981
Income taxes receivable	319	570
Total current assets	27,261	23,120
Property, plant and equipment, net	224,818	188,225
Real estate development	98,949	81,082
Equity in investments	18,511	14,061
Investment in Calavo Growers, Inc.	27,750	22,110
Other assets	14,604	10,433
Total Assets	411,893	339,031
Current liabilities:
Accounts payable	6,799	6,311
Growers payable	12,597	8,828
Accrued liabilities	4,902	5,177
Fair value of derivative instrument	0	268
Current portion of long-term debt	3,177	3,030
Total current liabilities	27,475	23,614
Long-term liabilities:
Long-term debt, less current portion	70,645	102,083
Deferred income taxes	27,742	31,415
Other long-term liabilities	4,510	3,920
Sale-leaseback deferral	44,127	30,396
Total liabilities	174,499	191,428
Commitments and contingencies	0	0
Stockholders’ equity:
Common Stock – $.01 par value (39,000,000 shares authorized: 17,669,314 and 14,405,031 shares issued and outstanding at July 31, 2018 and October 31, 2017, respectively)	177	144
Additional paid-in capital	159,173	94,294
Retained earnings	54,824	34,692
Accumulated other comprehensive income	11,817	7,076
Noncontrolling interest	593	587
Total stockholders’ equity	226,584	136,793
Total Liabilities and Stockholders’ Equity	411,893	339,031
Series B Convertible Preferred Stock [Member]
Long-term liabilities:
Convertible Preferred Stock	1,479	1,479
Series B-2 Convertible Preferred Stock [Member]
Long-term liabilities:
Convertible Preferred Stock	9,331	9,331
Series A Junior Participating Preferred Stock [Member]
Stockholders’ equity:
Series A Junior Participating Preferred Stock – $.01 par value (20,000 shares authorized: zero shares issued or outstanding at July 31, 2018 and October 31, 2017, respectively)	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	9 Months Ended	12 Months Ended
	Jul. 31, 2018	Oct. 31, 2017
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized ( in shares)	39,000,000	39,000,000
Common Stock, Shares, Issued (in shares)	17,669,314	14,405,031
Common Stock, outstanding (in shares)	17,669,314	14,405,031
Series B Convertible Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 100	$ 100
Preferred Stock, Shares Authorized (in shares)	50,000	50,000
Preferred Stock, Shares Issued (in shares)	14,790	14,790
Preferred Stock, Shares Outstanding (in shares)	14,790	14,790
Preferred Stock, Dividend Rate, Percentage	8.75%	8.75%
Series B-2 Convertible Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 100	$ 100
Preferred Stock, Shares Authorized (in shares)	10,000	10,000
Preferred Stock, Shares Issued (in shares)	9,300	9,300
Preferred Stock, Shares Outstanding (in shares)	9,300	9,300
Preferred Stock, Dividend Rate, Percentage	4.00%	4.00%
Temporary Equity, Liquidation Preference Per Share (in dollars per share)	$ 1,000	$ 1,000
Series A Junior Participating Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized (in shares)	20,000	20,000
Preferred Stock, Shares Issued (in shares)	0	0
Preferred Stock, Shares Outstanding (in shares)	0	0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Net revenues:
Total net revenues	$ 39,950	$ 40,395	$ 114,678	$ 105,380
Rental operations	1,273	1,345	3,803	4,144
Revenues	39,950	40,395	114,678	105,380
Costs and expenses:
Costs and expenses	23,983	23,022	80,943	75,821
Rental operations	1,004	929	3,045	2,934
Impairments of real estate development assets	0	0	0	120
Selling, general and administrative	3,513	3,229	11,529	10,192
Total costs and expenses	28,525	27,227	95,611	89,239
Operating income	11,425	13,168	19,067	16,141
Other income (expense):
Interest expense, net	(260)	(521)	(1,054)	(1,372)
Equity in earnings of investments	123	76	40	9
Other income, net	26	37	283	364
Total other expense	(111)	(408)	(731)	(999)
Income before income tax (provision) benefit	11,314	12,760	18,336	15,142
Income tax (provision) benefit	(3,114)	(5,017)	5,093	(5,935)
Net income	8,200	7,743	23,429	9,207
Net loss (income) attributable to noncontrolling interest	1	34	(4)	38
Net income attributable to Limoneira Company	8,201	7,777	23,425	9,245
Preferred dividends	(125)	(125)	(376)	(435)
Net income attributable to common stock	$ 8,076	$ 7,652	$ 23,049	$ 8,810
Basic net income per common share (in dollars per share)	$ 0.51	$ 0.53	$ 1.54	$ 0.62
Diluted net income per common share (in dollars per share)	0.50	0.52	1.50	0.62
Dividends per common share (in dollars per share)	$ 0.06	$ 0.06	$ 0.19	$ 0.17
Weighted-average common shares outstanding-basic (in shares)	15,947,000	14,396,000	14,979,000	14,287,000
Weighted-average common shares outstanding-diluted (in shares)	16,551,000	14,989,000	15,578,000	14,570,000
Agribusiness [Member]
Net revenues:
Total net revenues	$ 38,677	$ 39,050	$ 110,875	$ 101,236
Real estate development [Member]
Net revenues:
Total net revenues	0	0	0	0
Costs and expenses:
Costs and expenses	$ 25	$ 47	$ 94	$ 172

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 8,200	$ 7,743	$ 23,429	$ 9,207
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(75)	113	218	(113)
Minimum pension liability adjustment, net of tax of $51, $83, $154 and $247 for the three and nine months ended July 31, 2018 and 2017, respectively.	125	126	372	378
Unrealized holding (loss) gain on security available-for-sale, net of tax of $105, $1001, $1,653 and $1,763 for the three and nine months ended July 31, 2018 and 2017, respectively.	(255)	1,534	3,987	2,707
Unrealized gains from derivative instrument, net of tax of $12, $67, $79 and $288 for the three and nine months ended July 31, 2018 and 2017, respectively.	2	102	163	443
Total other comprehensive (loss) income, net of tax	(203)	1,875	4,740	3,415
Comprehensive income	7,997	9,618	28,169	12,622
Comprehensive income attributable to noncontrolling interest	(30)	45	6	49
Comprehensive income attributable to Limoneira Company	$ 7,967	$ 9,663	$ 28,175	$ 12,671

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Statement of Other Comprehensive Income [Abstract]
Pension liability adjustment, tax	$ 51	$ 83	$ 154	$ 247
Unrealized holding gain (loss) on security available-for-sale, tax	105	1,001	1,653	1,763
Unrealized gain (loss) from derivative instrument, tax	$ 12	$ 67	$ 79	$ 288

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2018	Jul. 31, 2017
Operating activities
Net income	$ 23,429	$ 9,207
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	5,210	4,824
Impairments of real estate development assets	0	120
Loss on disposals of assets	188	215
Gain on sales of real estate development assets	(25)	0
Stock compensation expense	1,216	1,088
Equity in earnings of investments	(40)	(9)
Cash distributions from equity investments	175	377
Deferred income taxes	(5,519)	0
Accrued interest on note receivable	(136)	(18)
Changes in operating assets and liabilities:
Accounts receivable	(4,031)	(1,335)
Cultural costs	(246)	880
Prepaid expenses and other current assets	(954)	(1,010)
Income taxes receivable	250	2,810
Other assets	26	420
Accounts payable and growers payable	3,927	480
Accrued liabilities	(314)	1,968
Other long-term liabilities	47	105
Net cash provided by operating activities	23,203	20,122
Investing activities
Capital expenditures	(9,003)	(9,607)
Purchase of real estate development parcel	(1,444)	0
Net proceeds from sales of real estate development assets	1,543	0
Agriculture property acquisition	(13,111)	0
Business combinations	(25,000)	(5,706)
Equity investment contributions	(3,500)	(7,450)
Investments in mutual water companies	(337)	(350)
Net cash used in investing activities	(50,852)	(23,113)
Financing activities
Borrowings of long-term debt	135,127	161,425
Repayments of long-term debt	(167,881)	(153,442)
Dividends paid – common	(2,920)	(2,362)
Dividends paid – preferred	(376)	(435)
Exchange of common stock	(401)	(294)
Issuance of common stock	64,097	0
Payments of deferred financing costs	0	(108)
Net cash provided by financing activities	27,646	4,784
Effect of exchange rate changes in cash	16	(9)
Net increase in cash	13	1,784
Cash at beginning of period	492	38
Cash at end of period	505	1,822
Supplemental disclosures of cash flow information
Cash paid during the period for interest (net of amounts capitalized)	1,547	1,295
Cash paid during the period for income taxes, net of (refunds)	210	(1,500)
Non-cash investing and financing activities:
Unrealized holding gain on Calavo investment	(5,640)	(4,470)
Increase in real estate development and sale-leaseback deferral	13,731	4,216
Increase in equity in investments and other long-term liabilities	1,080	0
Non-cash issuance of note receivable	3,000	0
Non-cash reduction of note receivable	79	0
Capital expenditures accrued but not paid at period-end	331	328
Accrued interest on notes receivable	136	18
Accrued Series B-2 Convertible Preferred Stock dividends	31	31
Non-cash issuance of note payable	$ 1,435	$ 0

CONSOLIDATED STATEMENTS OF CAS8

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Parenthetical)	Jul. 18, 2018USD ($)	Nov. 30, 2017USD ($)	Jun. 20, 2017USD ($)	Feb. 24, 2017USD ($)	Oct. 31, 2017USD ($)
Conversion of Stock [Line Items]
Real estate development for sale					$ 4,337,000
Rabobank Revolving Credit Facility [Member]
Conversion of Stock [Line Items]
Repayments of long-term debt			$ 68,572,000
Fruticola San Pablo S.A. [Member]
Conversion of Stock [Line Items]
Acquisition price	$ 13,000,000
Business combination	$ 13,111,000
Fruticola Pan de Azucar S.A. [Member]
Conversion of Stock [Line Items]
Percentage of voting interests acquired				90.00%
Business combination				$ 5,706,000
Company’s La Campana Ranch [Member]
Conversion of Stock [Line Items]
Reduction of note		$ 79,000
Centennial Property [Member]
Conversion of Stock [Line Items]
Real estate development for sale					$ 3,250,000

Business

Business	9 Months Ended
	Jul. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business	Business Limoneira Company, a Delaware corporation (the “Company”), engages primarily in growing citrus and avocados, picking and hauling citrus and packing, marketing and selling lemons. The Company is also engaged in residential rentals and other rental operations and real estate development activities. The Company markets and sells lemons directly to food service, wholesale and retail customers throughout the United States, Canada, Asia and other international markets. The Company is a member of Sunkist Growers, Inc. (“Sunkist”), an agricultural marketing cooperative, and sells a portion of its oranges, specialty citrus and other crops to Sunkist-licensed and other third-party packinghouses. The Company sells all of its avocado production to Calavo Growers, Inc. (“Calavo”), a packing and marketing company listed on NASDAQ under the symbol CVGW. Calavo’s customers include many of the largest retail and food service companies in the United States and Canada. The Company’s avocados are packed by Calavo, which are then sold and distributed under Calavo brands to its customers. The unaudited interim consolidated financial statements include the accounts of the Company and the accounts of all the subsidiaries and investments in which a controlling interest is held by the Company. The unaudited interim consolidated financial statements represent the consolidated balance sheets, consolidated statements of operations, consolidated statements of comprehensive income and consolidated statements of cash flows of the Company and its wholly-owned subsidiaries. The Company’s material subsidiaries include: Limoneira Mercantile, LLC, Windfall Investors, LLC (“Windfall”), Templeton Santa Barbara, LLC, Associated Citrus Packers, Inc. (“Associated”), Limoneira Chile, SpA, Limoneira EA1 Land, LLC, San Pablo and PDA, in which the Company has a 90% ownership interest. All significant intercompany balances and transactions have been eliminated in consolidation. The Company considers the criteria established under the Financial Accounting Standards Board (“FASB”) – Accounting Standards Code (“ASC”) 810, Consolidation, and the effect of variable interest entities, in its consolidation process. These unaudited consolidated financial statements should be read in conjunction with the notes thereto included in this Quarterly Report on Form 10-Q.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Jul. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Foreign Currency Translation San Pablo and PDA’s functional currency is the Chilean Peso. Their balance sheets are translated to U.S. dollars at exchange rates in effect at the balance sheet date and their income statements are translated at average exchange rates during the reporting period. The resulting foreign currency translation adjustments are recorded as a separate component of accumulated other comprehensive income. Recent Accounting Pronouncements FASB – Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606). In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition – Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g., assets within the scope of Topic 360, Property, Plant, and Equipment, and tangible assets within the scope of Topic 350, Intangibles – Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: • Identify the contract(s) with a customer. • Identify the performance obligations in the contract. • Determine the transaction price. • Allocate the transaction price to the performance obligations in the contract. 2. Summary of Significant Accounting Policies (continued) • Recognize revenue when (or as) the entity satisfies a performance obligation. In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net). ASU 2016-08 clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. ASU 2016-10 clarifies the implementation guidance on identifying performance obligations. These ASUs apply to all companies that enter into contracts with customers to transfer goods or services. In May 2016, the FASB issued, ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients. ASU 2016-12 provides clarifying guidance in certain narrow areas and adds some practical expedients. The two permitted transition methods under the new standard are the full retrospective method, in which case the standard would be applied to each prior reporting period presented and the cumulative effect of applying the standard would be recognized at the earliest period shown, or the modified retrospective method, in which case the cumulative effect of applying the standard would be recognized at the date of initial application. The Company currently anticipates adopting the standard in the first quarter of its fiscal year ending October 31, 2019 and anticipates using the modified retrospective method. The Company has inventoried and evaluated its current revenue streams and related contracts with customers. The Company continues to evaluate the effect this ASU may have on its consolidated financial statements. FASB ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory The amendments in this ASU do not apply to inventory that is measured using last-in, first-out (“LIFO”) or the retail inventory method. The amendments apply to all other inventory, which includes inventory that is measured using first-in, first-out (“FIFO”) or average cost. An entity should measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. The Company’s adoption of this ASU had no impact on its consolidated financial statements. FASB ASU 2016-01, Financial Instruments Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities The amendments in ASU 2016-01, among other things, require equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. Requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. Requires separate presentation of financial assets and financial liabilities by measurement category and form of financial assets (i.e., securities or loans and receivables). Eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate fair value that is required to be disclosed for financial instruments measured at amortized cost. ASU 2016-01 is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements. FASB ASU 2016-02, Leases (Topic 832) Under the new guidance, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: • A lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis; and • A right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. 2. Summary of Significant Accounting Policies (continued) Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The new lease guidance simplified the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. Lessees will no longer be provided with a source of off-balance sheet financing. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The ASU will be effective for the Company beginning in the first quarter of its fiscal year ending October 31, 2019. The Company is evaluating the effect this ASU may have on its consolidated financial statements; however, it expects to apply the practical expedients provided in the ASU and to record right-of-use assets and lease obligations for its operating leases that exist on the date of adoption. Note 20 – Commitments and Contingencies in the Notes to Consolidated Financial Statements included in the Company’s fiscal year 2017 Annual Report on Form 10-K describes its operating lease arrangements as of October 31, 2017. FASB ASU 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships The amendments in this ASU clarify that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument does not, in and of itself, require de-designation of that hedging relationship provided that all other hedge accounting criteria remain intact. The Company adopted this ASU during the quarter ended July 31, 2017 in connection with the refinancing of its line of credit arrangements and related interest rates swap as described in Note 13 – Long-Term Debt and Note 14 – Derivative Instrument and Hedging Activities. FASB ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting The amendments are intended to improve the accounting for employee share-based payments and affect all organizations that issue share-based payment awards to their employees. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The amendments are effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. Early adoption is permitted. The Company’s early adoption of this ASU on November 1, 2016 resulted in a cumulative effect provision of $21,000 recognized in fiscal year 2017. The Company has also elected to account for forfeitures as they occur using the modified retrospective approach. In addition, the Company is now required to present excess tax benefits (provisions) as operating activity (combined with other income tax cash flows) on the statements of cash flows rather than as financing activity and has elected to adopt this change prospectively. FASB ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business This amendment clarifies the definition of a business. The amendment affects all companies and other reporting organizations that must determine whether they have acquired or sold a business. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. The amendment is intended to help companies and other organizations evaluate whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. This amendment is effective for public companies for annual periods beginning after December 15, 2017, including interim periods within those periods. For all other companies and organizations, the amendment is effective for annual periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. The amendment should be applied prospectively as of the beginning of the period of adoption. The Company early adopted this ASU during the quarter ended July 31, 2018. 2. Summary of Significant Accounting Policies (continued) FASB ASU 2017-07, Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost The amendment requires that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are used to present the other components of net benefit cost, that line item or items must be appropriately described. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed. The amendment is effective for public business entities for annual periods beginning after December 15, 2017, including interim periods within those annual periods. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. The Company is evaluating the effect this ASU may have on its consolidated financial statements. FASB ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities These amendments refine and expand hedge accounting for both financial and commodity risks. Its provisions create more transparency around how economic results are presented, both on the face of the financial statements and in the footnotes. It also makes certain targeted improvements to simplify the application of hedge accounting guidance. The amendment is effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption, including adoption in an interim period, is permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements. FASB ASU 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income These amendments provide financial statement preparers with an option to reclassify stranded tax effects within AOCI to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act of 2017 (or portion thereof) is recorded. The amendment is effective for all organizations for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. Organizations should apply the proposed amendments either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. The Company is evaluating the effect of this ASU. It could have a significant effect on the Company’s consolidated financial statements.

Acquisitions

Acquisitions	9 Months Ended
	Jul. 31, 2018
Business Combinations [Abstract]
Acquisitions	Acquisitions Agriculture Property Acquisition San Pablo On July 18, 2018, the Company completed the acquisition of San Pablo ranch and related assets in La Serena, Chile, for $13,000,000 . The San Pablo ranch consists of 3,317 total acres on two parcels, including 247 acres producing lemons, 61 acres producing oranges, the opportunity to immediately plant 120 acres for lemon production, as well as the potential for approximately 500 acres of avocado production. This acquisition was accounted for as an asset purchase and is included in property, plant and equipment in the Company’s consolidated balance sheet at July 31, 2018. In addition, transaction costs of $111,000 were capitalized as part of total acquisition costs. Below is a summary of the fair value of the net assets acquired on the acquisition date based on a third-party valuation, which is considered a Level 3 fair value measurement under FASB ASC 820, Fair Value Measurements and Disclosures (in thousands): 3. Acquisitions Agriculture Property Acquisition (continued) Cultural costs $ 579 Land and land improvements 9,114 Buildings and equipment 207 Orchards 2,058 Water rights 1,153 Total assets acquired $ 13,111 Revenue of $5,000 and net loss of $44,000 of San Pablo are included in the Company’s consolidated statement of operations from the acquisition date to the period ended July 31, 2018. The unaudited, pro forma consolidated statement of operations as if San Pablo had been included in the consolidated results of the Company for the entire nine months ended July 31, 2018 results in revenue of $115,424,000 and net income of $23,179,000 . Business Combinations Oxnard Lemon On July 24, 2018, the Company and Oxnard Lemon Associates, Ltd., a California limited partnership (“Seller”), entered into an Asset Purchase Agreement (the “Purchase Agreement”). Pursuant to the Purchase Agreement, on July 26, 2018 (the “Initial Closing Date”), the Company acquired certain “hard assets” of Seller, including a packinghouse and related land (“Oxnard Lemon”), for a purchase price of $24,750,000 (the “Initial Acquisition”). Pursuant to the Purchase Agreement, the closing on the purchase and sale of the “soft assets” of Seller, including Seller’s tradenames, trademarks and copyrights, shall take place on or prior to October 31, 2018 (the “Final Closing Date”), at which point an additional $250,000 in purchase price shall be paid to Seller by the Company. The aggregate purchase price for the “hard assets” and the “soft assets” provided in the Purchase Agreement is $25,000,000 . Additionally, the Purchase Agreement provides that Seller lease back the “hard assets” from the Company until the Final Closing Date, pursuant to a lease executed on the Initial Closing Date. Transaction costs of $142,000 are included in selling, general and administrative expense. Below is a summary of the preliminary (subject to finalization of the valuation of the assets) fair value of the net assets acquired on the acquisition date based on a third-party valuation, which is considered a Level 3 fair value measurement under FASB ASC 820, Fair Value Measurements and Disclosures (in thousands): Land and land improvements $ 7,294 Buildings and equipment 14,906 Customer relationships and tradename 2,450 Goodwill 350 Total assets acquired $ 25,000 No revenue or earnings of Oxnard Lemon are included in the Company’s consolidated statement of operations from the acquisition date to the period ended July 31, 2018. PDA On February 24, 2017 (the “Acquisition Date”), the Company completed the acquisition of 90% of the outstanding stock of PDA, a privately-owned Chilean corporation, for $5,800,000 in cash (the “Acquisition”). PDA also had approximately $1,700,000 in long-term debt on the Acquisition Date, which was assumed by the Company in the Acquisition. A holdback of 10% of the purchase proceeds to be paid to the seller was withheld for a six-month period to allow for potential contingencies as defined in the purchase agreement. PDA is a 200 -acre lemon and orange orchard located near La Serena, Chile. PDA’s total assets of $9,451,000 on the Acquisition Date included a 13% equity interest in Rosales S.A. (“Rosales”) in which the Company owns a 35% equity investment. After the Acquisition, the Company owns 47% of Rosales and PDA’s 10% stockholder owns the remaining 53% of Rosales. Rosales packs and sells all of PDA’s citrus production. PDA had approximately $450,000 of net income on approximately $1,900,000 in sales for the year ended December 31, 2016. Transactions costs incurred in connection with the Acquisition in 2017 were approximately $57,000 , which were included in selling, general and administrative expense. 3. Acquisitions Business Combinations (continued) In August 2017, a third-party valuation of the fair value of the net assets was finalized, which resulted in a $193,000 increase in investment in Rosales with a corresponding decrease in goodwill and increase in deferred income taxes. Additionally, a $94,000 reduction in the purchase price was agreed upon per the terms of the purchase agreement with corresponding decreases in goodwill and noncontrolling interest. The Company received the $94,000 in August 2017. Below is a summary of the fair value of the net assets acquired on the Acquisition Date based on the third-party valuation, which were considered a Level 3 fair value measurement under FASB ASC 820, Fair Value Measurements and Disclosures (in thousands): Cultural costs $ 473 Other current assets 166 Land and land improvements 2,748 Buildings and equipment 206 Orchards 2,876 Investment in Rosales 1,021 Water rights 1,120 Deposit for land purchase 645 Goodwill 196 Total assets acquired 9,451 Current liabilities (122 ) Current and long-term debt (1,964 ) Deferred income taxes (1,026 ) Noncontrolling interest (633 ) Net cash paid $ 5,706

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jul. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Under the FASB ASC 820, Fair Value Measurement and Disclosures, a fair value measurement is determined based on the assumptions that a market participant would use in pricing an asset or liability. A three-tiered hierarchy draws distinctions between market participant assumptions based on (i) observable inputs such as quoted prices in active markets (Level 1), (ii) inputs other than quoted prices in active markets that are observable either directly or indirectly (Level 2) and (iii) unobservable inputs that require the Company to use present value and other valuation techniques in the determination of fair value (Level 3). The following table sets forth the Company’s financial assets and liabilities as of July 31, 2018 and October 31, 2017 , which are measured on a recurring basis during the period, segregated by level within the fair value hierarchy (in thousands): July 31, 2018 Level 1 Level 2 Level 3 Total Assets at fair value: Available-for-sale securities $ 27,750 $ — $ — $ 27,750 Liabilities at fair value: Loan guarantee $ — $ — $ 1,080 $ 1,080 October 31, 2017 Level 1 Level 2 Level 3 Total Assets at fair value: Available-for-sale securities $ 22,110 $ — $ — $ 22,110 Liabilities at fair value: Derivative $ — $ 268 $ — $ 268 4. Fair Value Measurements (continued) Available-for-sale securities consist of marketable securities in Calavo common stock. The Company currently owns 300,000 shares, representing approximately 1.7% of Calavo’s outstanding common stock. These securities are measured at fair value by quoted market prices. Calavo’s stock price at July 31, 2018 and October 31, 2017 was $92.50 and $73.70 per share, respectively. The derivative consisted of an interest rate swap, the fair value of which was estimated using industry-standard valuation models. The derivative expired in June 2018. The loan guarantee consists of its fair value estimated using industry-standard valuation models. Such models project future cash flows and discounted projected payments on such obligations at guaranteed and non-guaranteed rates. The difference between the guaranteed versus the non-guaranteed values of the loan is the value of the loan guarantee.

Accounts Receivable

Accounts Receivable	9 Months Ended
	Jul. 31, 2018
Receivables [Abstract]
Accounts Receivable	Accounts Receivable The Company grants credit in the course of its operations to customers, cooperatives, companies and lessees of the Company’s facilities. The Company performs periodic credit evaluations of its customers’ financial condition and generally does not require collateral. The Company provides allowances on its receivables, as required, based on accounts receivable aging and certain other factors. As of July 31, 2018 and October 31, 2017 the allowances totaled $403,000 and $577,000 , respectively.

Concentrations

Concentrations	9 Months Ended
	Jul. 31, 2018
Risks and Uncertainties [Abstract]
Concentrations	Concentrations Lemons procured from third-party growers were 35% of lemon supply in the three months ended July 31, 2018 . Lemons procured from third-party growers were 44% of lemon supply in the nine months ended July 31, 2018 , of which one third-party grower was 5% of lemon supply. The Company sells the majority of its oranges and specialty citrus to a third-party packing house and sells all of its avocado production to Calavo.

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	9 Months Ended
	Jul. 31, 2018
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, October 31, 2017 Prepaid insurance $ 476 $ 609 Prepaid supplies 1,750 806 Lemon supplier advances 759 271 Note receivable, net 2,844 — Deferred lease expense, water assessments and other 664 958 Real estate development for sale — 4,337 $ 6,493 $ 6,981

Real Estate Development

Real Estate Development	9 Months Ended
	Jul. 31, 2018
Real Estate [Abstract]
Real Estate Development	Real Estate Development Real estate development assets consist of the following (in thousands): July 31, October 31, East Areas I and II $ 92,367 $ 74,500 Templeton Santa Barbara, LLC 6,582 6,582 $ 98,949 $ 81,082 8. Real Estate Development (continued) East Areas I and 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. During the three months ended July 31, 2018 and 2017 , the Company capitalized $5,851,000 and $1,415,000 , respectively, of costs related to these real estate development projects. During the nine months ended July 31, 2018 and 2017 , the Company capitalized $17,867,000 and $5,127,000 , respectively, of costs related to these real estate development projects. Additionally, in relation to these projects, the Company incurred expenses of $2,000 and $2,000 in the three months ended July 31, 2018 and 2017 , respectively, and $15,000 and $39,000 in the nine months ended July 31, 2018 and 2017 , respectively. On November 10, 2015 (the “Transaction Date”), the Company entered into a joint venture with The Lewis Group of Companies (“Lewis”) for the residential development of its East Area I real estate development project. To consummate the transaction, the Company formed Limoneira Lewis Community Builders, LLC (the “LLC” or “Joint Venture”) as the development entity, contributed its East Area I property to the LLC and sold a 50% interest in the LLC to Lewis for $20,000,000 , comprised of a $2,000,000 deposit received in September 2015 and $18,000,000 received on the Transaction Date. The Company received net cash of approximately $18,800,000 after transaction costs of approximately $1,200,000 , which were expensed in the first quarter of fiscal year 2016 . In addition, on the Transaction Date, the Company incurred a Success Fee with Parkstone Companies, Inc., in the amount of $2,100,000 , which was paid on January 28, 2016 and capitalized as a component of the Company’s investment in the East Area I property. On the Transaction Date, the LLC and Lewis also entered into a limited liability company agreement (the “LLC Agreement”) providing for the admittance of Lewis as a 50% member of the Joint Venture. The LLC Agreement provides that Lewis will serve as the manager of the Joint Venture with the right to manage, control, and conduct its day-to-day business and development activities. Certain major decisions, which are enumerated in the LLC Agreement, require approval by an executive committee comprised of two representatives appointed by Lewis and two representatives appointed by the Company. Pursuant to the LLC Agreement, the Joint Venture will own, develop, subdivide, entitle, maintain, improve, hold for investment, market and dispose of the Joint Venture’s property in accordance with the business plan and budget approved by the executive committee. Further, on the Transaction Date, the Joint Venture and the Company entered into a Lease Agreement (the "Lease Agreement"), pursuant to which the Joint Venture will lease certain of the contributed East Area I property back to the Company for continuation of agricultural operations, and certain other permitted uses, on the property until the Joint Venture requires the property for development. The Lease will terminate in stages corresponding to the Joint Venture's development of the property, which is to occur in stages pursuant to a phased master development plan. In any event, the Lease will terminate five years from the Transaction Date. The Company and the Joint Venture also entered into a Retained Property Development Agreement on the Transaction Date (the "Retained Property Agreement"). Under the terms of the Retained Property Agreement, the Joint Venture will transfer certain contributed East Area I property, which is entitled for commercial development, back to the Company (the "Retained Property") and arrange for the design and construction of certain improvements to the Retained Property, subject to certain reimbursements by the Company. In August 2018, the Retained Property was transferred back to the Company. The Company’s sale of an interest in the LLC in which the Company’s contributed property comprises the LLC’s primary asset, combined with the Lease Agreement is considered a sale-leaseback transaction under FASB ASC 840 , Leases, because of the Company’s continuing involvement in the property in the form of its agricultural operations. Accordingly, the property continues to be carried on the consolidated balance sheet as real estate development, rather than being classified as an equity investment and a sale-leaseback deferral has been recorded for the $20,000,000 payment made by Lewis for the purchase of the LLC interest. Lease expense associated with the Lease Agreement is not required under sale-leaseback accounting since the Company is treated as though it continues to own the property. During the three months ended July 31, 2018 and 2017 , the Company recorded $5,306,000 and $1,236,000 , respectively, of real estate development costs and corresponding increases in the sale-leaseback deferral to recognize real estate development costs capitalized by the LLC. During the nine months ended July 31, 2018 and 2017 , the Company recorded $13,731,000 and $4,216,000 , respectively, of real estate development costs and corresponding increases in the sale-leaseback deferral to recognize real estate development costs capitalized by the LLC. There are no repayment requirements for the sale-leaseback deferral and as the Lease Agreement is terminated in connection with the staged development of the property, a corresponding amount of real estate development and the sale-leaseback deferral will be adjusted to equity investments on the consolidated balance sheet. 8. Real Estate Development (continued) East Areas I and II (continued) In connection with the LLC Agreement, the Company was reimbursed $250,000 by the Joint Venture in January 2018 for Initial Public Safety Facility Payments made to the City of Santa Paula in October 2015. This amount was included in prepaid expenses and other current assets in the consolidated balance sheets as of October 31, 2017 . Additionally, the Company leases office space to Lewis and received rental income of $16,000 and $12,000 for the nine months ended July 31, 2018 and 2017 , respectively. The Company determined the Joint Venture to be a Variable Interest Entity (“VIE”) under ASC 810, because the Joint Venture will require additional subordinated financial support to finance its operations. The Company further determined that it is not the primary beneficiary of the VIE, as the Company and Lewis have joint control over all significant decisions affecting the Joint Venture’s economic performance. Accordingly, contributions made by the Company to the LLC, the Company’s proportionate share of Joint Venture’s results of operations and distributions received by the Company from the LLC will be accounted for under the equity method. The Company made contributions of zero and $3,000,000 to the LLC in the three months ended July 31, 2018 and 2017 , respectively. The Company made contributions of $3,500,000 and $7,450,000 to the LLC in the nine months ended July 31, 2018 and 2017 , respectively. Additionally, the Company recorded equity losses of zero and $54,000 in the nine months ended July 31, 2018 and 2017 , respectively, related to the Joint Venture. In January 2018, the Joint Venture entered into a $45,000,000 unsecured Line of Credit Loan Agreement and Promissory Note (the “Loan”) with Bank of America, N.A. to fund early development activities. The Loan matures in January 2020, with an option to extend the maturity date until 2021, subject to certain conditions . The interest rate on the Loan is LIBOR plus 2.85% , payable monthly. The Loan contains certain customary default provisions and the Joint Venture may prepay any amounts outstanding under the Loan without penalty. In February 2018, the obligations under the Loan were guaranteed by certain principals from Lewis and by the Company. The guarantee shall continue in effect until all of the Loan obligations are fully and finally paid and the guarantors are jointly and severally liable for all Loan obligations in the event of default by the Joint Venture. The Joint Venture recorded the Loan balance of $18,564,000 as of July 31, 2018 . The $1,080,000 fair value of the guarantee at July 31, 2018 was recorded in the Company’s consolidated balance sheets and was included in other long-term liabilities with a corresponding increase in equity in investments. Additionally, a Reimbursement Agreement was executed between the Lewis guarantors and the Company which provides for unpaid liabilities of the Joint Venture to be shared pro-rata by the Lewis guarantors and the Company in proportion to their percentage interest in the Joint Venture. In connection with facilitating the annexation of East Area I property into the City of Santa Paula, during February 2014 the Company entered into a Capital Improvement Cost Sharing Agreement for Improvements to Santa Paula Creek Channel (the “Cost Sharing Agreement”) with the Ventura County Watershed Protection District (the “District”). The Cost Sharing Agreement requires the Company to reimburse the District 28.5% of the costs of the improvements, up to a maximum of $5,000,000 . Additionally, the Company is required to pay the cost of preparing a study to determine a feasible scope of work and budget for the improvements. No cost reimbursements have been incurred to date in relation to the Cost Sharing Agreement. In February 2013, the Company entered into an option agreement for the purchase of a 7 -acre parcel adjacent to its East Area II real estate development project. The Company made a $75,000 initial option payment in 2013 and four additional annual option payments of $50,000 each from 2014 to 2017. In February 2018, the Company exercised its option and purchased the property for $3,145,000 , by making a cash payment of $1,444,000 and issuing a note payable for $1,435,000 . The $275,000 of option payments were applied to the purchase price and the Company incurred $9,000 of transaction costs. The note payable is due in five years, with interest-only, monthly payments at interest rates ranging from 5.0% to 7.0% . Templeton Santa Barbara, LLC The three real estate development parcels within the Templeton Santa Barbara, LLC project are described as Centennial, The Terraces at Pacific Crest (“Pacific Crest”), and Sevilla. The net carrying values of Pacific Crest and Sevilla at July 31, 2018 were $3,250,000 and $3,332,000 , respectively. The net carrying values of Centennial, Pacific Crest and Sevilla as of October 31, 2017 were $2,983,000 , $3,250,000 and $4,686,000 , respectively. These projects were idle during the nine months ended July 31, 2018 and 2017 and, as such, no costs were capitalized. Additionally, in relation to these projects, the Company incurred expenses of $23,000 and $45,000 in the three months ended July 31, 2018 and 2017 , respectively, and $79,000 and $133,000 in the nine months ended July 31, 2018 and 2017 , respectively. 8. Real Estate Development (continued) Templeton Santa Barbara, LLC (continued) In October 2017, the Company entered an agreement to sell Centennial for $3,250,000 . This transaction closed in December 2017 with the Company receiving net proceeds of $179,000 and issuing a $3,000,000 promissory note secured by the property for the balance of the purchase price. After transaction costs, the sale resulted in a gain of $194,000 , to be recognized under the installment method, with $15,000 recognized in the nine months ended July 31, 2018 and $179,000 deferred until repayment of the promissory note. The promissory note was originally scheduled to mature in June 2018 but provides for potential extensions to December 2019. In 2018, per the terms of the promissory note, the holder of the note made two non-refundable $100,000 payments to the Company, extending the due date to December 30, 2018. In August 2017, the Company entered an agreement to sell the commercial portion of its Sevilla project for $1,452,000 . This transaction closed in November 2017 with the Company receiving net proceeds of $1,364,000 . The Company recognized a gain of $10,000 after transaction costs. In December 2017, the Company entered an agreement to sell Pacific Crest for $3,500,000 . After transaction costs, the Company expects to recognize a gain of $40,000 . To date, this transaction has not closed. At July 31, 2018 and October 31, 2017 , the $3,250,000 carrying value of Pacific Crest and the $3,332,000 carrying value of Sevilla were classified as real estate development. At October 31, 2017 , the $2,983,000 carrying value of Centennial and the $1,354,000 carrying value of the commercial portion of Sevilla were classified as held for sale and included in prepaid expenses and other current assets.

Equity in Investments

Equity in Investments	9 Months Ended
	Jul. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Equity in Investments	Equity in Investments Equity in investments consist of the following (in thousands): July 31, October 31, 2017 Limoneira Lewis Community Builders, LLC $ 14,216 $ 9,634 Limco Del Mar, Ltd. 2,101 1,968 Rosales 1,679 1,944 Romney Property Partnership 515 515 $ 18,511 $ 14,061 The Rosales equity investment includes the Company’s 35% interest acquired in fiscal year 2014 and an additional 12% interest acquired with the purchase of PDA as described in Note 3 - Acquisitions. The Company’s investment in Rosales is accounted for using the equity method of accounting based on the sum of its direct and indirect ownership. The Limoneira Lewis Community Builders, LLC investment balance includes the fair value loan guarantee corresponding equity investment as of July 31, 2018 .

Investment in Calavo Growers, I

Investment in Calavo Growers, Inc.	9 Months Ended
	Jul. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Investment in Calavo Growers, Inc.	Investment in Calavo Growers, Inc. In June 2005, the Company entered into a stock purchase agreement with Calavo. Pursuant to this agreement, the Company purchased 1,000,000 shares, or approximately 6.9% , of Calavo’s common stock for $10,000,000 and Calavo purchased 1,728,570 shares, or approximately 15.1% , of the Company’s common stock for $23,450,000 . Under the terms of the agreement, the Company received net cash consideration of $13,450,000 . The Company has classified its marketable securities investment as available-for-sale. In fiscal year 2009, the Company sold 335,000 shares of Calavo stock for a total of $6,079,000 , recognizing a gain of $2,729,000 . In fiscal year 2013, the Company sold 165,000 shares to Calavo for a total of $4,788,000 , recognizing a gain of $3,138,000 . In fiscal year 2015, the Company sold 140,000 shares for a total of $6,433,000 , recognizing a gain of $5,033,000 . In June and July 2016, the Company sold 60,000 shares, in aggregate, for a total of $4,019,000 , recognizing a gain of $3,419,000 . These gains are included in other income in the consolidated financial statements of operations. The Company continues to own 300,000 shares of Calavo common stock. 10. Investment in Calavo Growers, Inc. (continued) Additionally, changes in the fair value of the available-for-sale securities result in unrealized holding gains or losses for the remaining shares held by the Company. The Company recorded unrealized holding (loss)/gain of ( $360,000 ) ( $255,000 net of tax) and $2,535,000 ( $1,534,000 net of tax), during the three months ended July 31, 2018 and 2017 , respectively. The Company recorded unrealized holding gains and of $5,640,000 ( $3,987,000 net of tax) and $4,470,000 ( $2,707,000 ) net of tax), during the nine months ended July 31, 2018 and 2017 , respectively.

Other Assets

Other Assets	9 Months Ended
	Jul. 31, 2018
Other Assets [Abstract]
Other Assets	Other Assets Other assets consist of the following (in thousands): July 31, October 31, 2017 Investments in mutual water companies $ 5,019 $ 4,686 Acquired water and mineral rights 3,829 2,655 Deposit for land purchase 646 645 Deferred lease assets and other 416 448 Note receivable 563 625 Revolving funds and memberships 267 265 Acquired trade names and trademarks, net 2,637 233 Goodwill 1,227 876 $ 14,604 $ 10,433

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Jul. 31, 2018
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consist of the following (in thousands): July 31, October 31, 2017 Compensation $ 2,156 $ 2,367 Property taxes 197 599 Interest 253 327 Deferred income and deposits 473 636 Lease expense 131 137 Lemon supplier payables 643 166 Capital expenditures and other 1,049 945 $ 4,902 $ 5,177

Long-Term Debt

Long-Term Debt	9 Months Ended
	Jul. 31, 2018
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt is comprised of the following (in thousands): July 31, October 31, 2017 Farm Credit West revolving and non-revolving lines of credit: the interest rate for the revolving line of credit is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 2.10% at July 31, 2018, plus 1.85%. In July 2018 the interest rate for the non-revolving was fixed at 4.77%. Interest is payable monthly and the principal is due in full on July 1, 2022. $ 43,803 $ 74,556 Farm Credit West term loan: the interest rate is variable and was 4.45% at July 31, 2018. The loan is payable in quarterly installments through November 2022. 2,741 3,155 Farm Credit West term loan: the interest rate is variable and was 4.45% at July 31, 2018. The loan is payable in monthly installments through October 2035. 1,133 1,167 Farm Credit West term loan: the interest rate is fixed at 4.70%. The loan is payable in monthly installments through March 2036. 9,256 9,504 Farm Credit West term loan: the interest rate is fixed at 3.62% until March 2021, becoming variable for the remainder of the loan. The loan is payable in monthly installments though March 2036. 6,878 7,083 Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023. 6,712 7,730 Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 2,029 2,106 Note Payable: the interest rate ranges from 5.0% to 7.0% and was 5.0% at July 31, 2018. The loan includes interest-only monthly payments and principal is due in February 2023. 1,435 — Subtotal 73,987 105,301 Less deferred financing costs, net of accumulated amortization 165 188 Total long-term debt, net 73,822 105,113 Less current portion 3,177 3,030 Long-term debt, less current portion $ 70,645 $ 102,083 On June 20, 2017, the Company entered into a Master Loan Agreement (the “Loan Agreement”) with Farm Credit West, FLCA (“Farm Credit West”) which includes a Revolving Credit Supplement and a Non-Revolving Credit Supplement (the “Supplements”). Proceeds from the Supplements were used to pay down all the remaining outstanding indebtedness under the revolving credit facility the Company had with Rabobank, N.A. On January 29, 2018 the Company amended the Revolving Credit Supplement to increase the borrowing capacity from $60,000,000 to $75,000,000 . 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. In May 2018, the Company entered into a Conversion Agreement with Farm Credit West which will fixed the interest rate on the Non-Revolving Credit Supplement at 4.77% effective July 1, 2018. The agreement provides for a fee equal to 0.50% of any amounts prepaid under the Non-Revolving Credit Supplement. The Company may prepay any amounts under the Revolving Credit Supplement without penalty. The interest rate for any amount outstanding under the Supplements is based on the one-month London Interbank Offered Rate (“LIBOR”) rate plus an applicable margin, which is subject to adjustment on a monthly basis. The applicable margin ranges from 1.60% to 2.35% depending on the ratio of current assets plus the remaining available commitment divided by current liabilities. On July 1, 2018, and on each one-year anniversary thereafter, we have the option to convert the interest rate in use under each Supplement from the preceding LIBOR-based calculation to a variable interest rate, or the reverse, as applicable. Any amounts outstanding under the Supplements are due and payable in full on July 1, 2022. All indebtedness under the Loan Agreements, including any indebtedness under the Supplements, is secured by a first lien on certain of the Company’s agricultural properties in Tulare and Ventura counties in California and certain of the Company’s building fixtures and improvements and investments in mutual water companies associated with the pledged agricultural properties. The Loan Agreement includes customary default provisions that provide should an event of default occur, Farm Credit West, at its option, may declare all or any portion of the indebtedness under the Loan Agreement to be immediately due and payable without demand, notice of non-payment, protest or prior recourse to collateral, and terminate or suspend the Company’s right to draw or request funds on any loan or line of credit. 13. Long-Term Debt (continued) The Loan Agreement subjects the Company to affirmative and restrictive covenants including, among other customary covenants, financial reporting requirements, requirements to maintain and repair any collateral, restrictions on the sale of assets, restrictions on the use of proceeds, prohibitions on the incurrence of additional debt and restrictions on the purchase or sale of major assets of the Company’s business. The Company is also subject to a covenant that it will maintain a debt service coverage ratio greater than 1.25:1.0 measured annually at October 31 . The Farm Credit West credit facility provides for maximum borrowings of $115,000,000 and the borrowing capacity based on collateral value was $115,000,000 at July 31, 2018 . In fiscal year 2017 , the Company paid and capitalized debt financing costs of $108,000 related to the Loan Agreement and expensed $45,000 of capitalized debt financing costs related to the Rabobank revolving credit facility. The Banco de Chile term loan was assumed with the acquisition of PDA in February 2017. The interest rate is fixed at 6.48% . The loan is payable in eight annual principal and interest payments beginning January 2018. This loan is unsecured. In February 2013, the Company entered into an option agreement for the purchase of a 7 -acre parcel adjacent to its East Area II real estate development project. The Company made a $75,000 initial option payment in 2013 and four additional annual option payments of $50,000 each from 2014 to 2017. In February 2018, the Company exercised its option and purchased the property for $3,145,000 , by making a cash payment of $1,444,000 and issuing a note payable for $1,435,000 . The $275,000 of option payments were applied to the purchase price and the Company incurred $9,000 of transaction costs. The note payable is due in five years, with interest-only, monthly payments at interest rates ranging from 5.0% to 7.0% . Interest is capitalized on non-bearing orchards, real estate development projects and significant construction in progress. The Company capitalized interest of $688,000 and $551,000 during the three months ended July 31, 2018 and 2017 , respectively, and $1,637,000 and $1,424,000 during the nine months ended July 31, 2018 and 2017 , respectively. Capitalized interest is included in property, plant and equipment and real estate development in the Company’s consolidated balance sheets. The Company incurs certain loan fees and costs associated with its new or amended credit arrangements. Such costs are capitalized as deferred financing costs and amortized as interest expense using the straight-line method over the terms of the credit agreements. The balance of deferred financing costs net of amortization is included in long-term debt on the Company’s consolidated balance sheet at July 31, 2018 .

Derivative Instrument and Hedgi

Derivative Instrument and Hedging Activities	9 Months Ended
	Jul. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instrument and Hedging Activities The Company entered into an interest rate swap to minimize the risks and costs associated with its financing activities. Derivative financial instruments are as follows (in thousands): Notional Amount Fair Value Liability July 31, October 31, 2017 July 31, October 31, 2017 Pay fixed-rate, receive floating-rate forward interest rate swap, beginning July 2013 until June 2018 $ — $ 40,000 $ — $ 268 14. Derivative Instrument and Hedging Activities (continued) In November 2011, the Company entered into a forward interest rate swap agreement with Rabobank International, Utrecht to fix the interest rate at 4.30% on $40,000,000 of its outstanding borrowings under the Rabobank line of credit beginning July 2013 until June 2018. In connection with the paydown of the Rabobank debt noted above, on June 20, 2017 the Company entered into a novation agreement with Rabobank International, Utrecht and CoBank, ACB (“CoBank”). The agreement provided for the prior interest rate swap agreement with Rabobank to be in place with CoBank. This interest rate swap qualified as a cash flow hedge and the fair value liability was included in fair value of derivative instrument and related accumulated other comprehensive income at October 31, 2017 . The interest rate swap expired June 30, 2018.

Basic and Diluted Net Income pe

Basic and Diluted Net Income per Share	9 Months Ended
	Jul. 31, 2018
Earnings Per Share [Abstract]
Basic and Diluted Net Income per Share	Basic and Diluted Net Income per Share Basic net income per common share is calculated using the weighted-average number of common shares outstanding during the period without consideration of the dilutive effect of conversion of preferred stock. Diluted net income per common share is calculated using the weighted-average number of common shares outstanding during the period plus the dilutive effect of conversion of unvested, restricted stock and preferred stock. The computations for basic and diluted net income per common share are as follows (in thousands, except per share amounts): Three Months Ended July 31, Nine Months Ended July 31, 2018 2017 2018 2017 Basic net income per common share: Numerator: Net income for basic EPS $ 8,066 $ 7,652 $ 23,020 $ 8,810 Denominator: Weighted average common shares-basic 15,947 14,396 14,979 14,287 Basic net income per common share $ 0.51 $ 0.53 $ 1.54 $ 0.62 Diluted net income per common share: Numerator: Net income for diluted EPS $ 8,201 $ 7,777 $ 23,425 $ 8,966 Denominator: Weighted average common shares–basic 15,947 14,396 14,979 14,287 Effect of dilutive unvested, restricted stock and preferred stock 604 593 599 283 Weighted average common shares–diluted 16,551 14,989 15,578 14,570 Diluted net income per common share $ 0.50 $ 0.52 $ 1.50 $ 0.62 Diluted earnings per common share are computed using the more dilutive method of either the two-class method or the treasury method. Unvested stock-based compensation awards that contain non-forfeitable rights to dividends as participating shares are included in computing earnings per share. The Company’s unvested, restricted stock awards qualify as participating shares. The Company excluded 76,000 and 81,000 , unvested, restricted shares, as calculated under the treasury stock method, from its computation of diluted earnings per share for the three and nine months ended July 31, 2018 , respectively. Diluted earnings per common share were calculated under the two-class method for the three and nine months ended July 31, 2017.

Related-Party Transactions

Related-Party Transactions	9 Months Ended
	Jul. 31, 2018
Related Party Transactions [Abstract]
Related-Party Transactions	Related-Party Transactions The Company rents certain of its residential housing assets to employees on a month-to-month basis. The Company recorded $175,000 and $180,000 of rental revenue from employees in the three months ended July 31, 2018 and 2017 , respectively. The Company recorded $530,000 and $548,000 of rental revenue from employees in the nine months ended July 31, 2018 and 2017 , respectively. There were no rental payments due from employees at July 31, 2018 or October 31, 2017 . The Company has representation on the boards of directors of the mutual water companies in which the Company has investments. The Company recorded capital contributions and purchased water and water delivery services from such mutual water companies, in aggregate, of $211,000 and $207,000 in the three months ended July 31, 2018 and 2017 , respectively. The Company recorded capital contributions and purchased water and water delivery services from such mutual water companies, in aggregate, of $1,097,000 and $925,000 in the nine months ended July 31, 2018 and 2017 , respectively. 16. Related-Party Transactions (continued) Capital contributions are included in other assets in the Company’s consolidated balance sheets and purchases of water and water delivery services are included in agribusiness expense in the Company’s consolidated statements of operations. Payments due to the mutual water companies were, in aggregate, $83,000 and $141,000 at July 31, 2018 and October 31, 2017 , respectively. 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 of $396,000 and $373,000 from the association in the three months ended July 31, 2018 and 2017 , respectively. The Company purchased services and supplies of $1,211,000 and $1,354,000 from the association in the nine months ended July 31, 2018 and 2017 , respectively. Such amounts are included in agribusiness expense in the Company’s consolidated statements of operations. Payments due to the association were $78,000 and $180,000 at July 31, 2018 and October 31, 2017 , respectively. The Company has an investment in and representation on the board of directors of Calavo and Calavo has an investment in and representation on the board of directors of the Company. The Company recorded dividend income of $285,000 and $270,000 in the nine months ended July 31, 2018 and 2017 , respectively, on its investment in Calavo, which is included in other income (expense), net in the Company’s consolidated statements of operations. The Company had $5,643,000 and $7,490,000 of avocado sales to Calavo for the three months ended July 31, 2018 and 2017 , respectively. The Company had $6,578,000 and $9,519,000 of avocado sales to Calavo for the nine months ended July 31, 2018 and 2017 , respectively. Such amounts are included in agribusiness revenues in the Company’s consolidated statements of operations. There were $616,000 and zero amounts receivable by the Company from Calavo at July 31, 2018 and October 31, 2017 , respectively. Additionally, the Company leases office space to Calavo and received rental income of $74,000 and $72,000 in the three months ended July 31, 2018 and 2017 , respectively, and $219,000 and $214,000 in the nine months ended July 31, 2018 and 2017 , respectively. Such amounts are included in rental operations revenues in the Company’s consolidated statements of operations. The Company purchased $61,000 and $16,000 of storage services from Calavo in the nine months ended July 31, 2018 and 2017 , respectively. Amounts due to Calavo at July 31, 2018 and October 31, 2017 were $61,000 and $163,000 , respectively. Certain members of the Company’s board of directors market lemons through the Company pursuant to its customary marketing agreements. The aggregate amount of lemons procured from entities owned or controlled by members of the board of directors was $329,000 and $1,135,000 in the three months ended July 31, 2018 and 2017 , respectively, and $1,715,000 and $2,111,000 in the nine months ended July 31, 2018 and 2017 , respectively. Such amounts are included in agribusiness expense in the Company’s consolidated statements of operations. Payments due to these board members were $576,000 and $636,000 at July 31, 2018 and October 31, 2017 , respectively. Additionally, the Company leases approximately 31 acres of orchards from entities affiliated with a member on the board of directors and incurred $100,000 and $15,000 of lease expense related to these leases in the nine months ended July 31, 2018 and 2017 , respectively. On July 1, 2013, the Company and Cadiz Real Estate, LLC (“Cadiz”), a wholly-owned subsidiary of Cadiz, Inc., entered into a long-term lease agreement (the “Lease”) for a minimum of 320 acres, with options to lease up to an additional 960 acres, located within 9,600 zoned agricultural acres owned by Cadiz in eastern San Bernardino County, California. The initial term of the Lease runs for 20 years and the annual base rental rate is equal to the sum of $200 per planted acre and 20% of gross revenues from the sale of harvested lemons (less operating expenses) not to exceed $1,200 per acre per year. A member of the Company’s board of directors serves as the CEO, President and a member of the board of directors of Cadiz, Inc. Additionally, this board member is an attorney with a law firm that provided services of $9,000 and $30,000 to the Company during the three months ended July 31, 2018 and 2017 , respectively, and $28,000 and $71,000 during the nine months ended July 31, 2018 and 2017 , respectively. The Company incurred lease and farming expenses of $42,000 and $17,000 in the three months ended July 31, 2018 and 2017 , respectively, and $128,000 and $113,000 in the nine months ended July 31, 2018 and 2017 , respectively, which are recorded in agribusiness expense in the Company’s consolidated statements of operations. On February 5, 2015, the Company entered into a Modification of Lease Agreement (the “Amendment”) with Cadiz. The Amendment, among other things, increased by 200 acres the amount of property leased by the Company under the lease agreement dated July 1, 2013. In connection with the Amendment, the Company paid a total of $1,212,000 to acquire existing lemon trees and irrigations systems from Cadiz and a Cadiz tenant. In February 2016, Cadiz assigned this lease to Fenner Valley Farms, LLC (“Fenner”), a subsidiary of Water Asset Management, LLC (“WAM”). An entity affiliated with WAM is the holder of 9,300 shares of Limoneira Company Series B-2 convertible preferred stock. Payments due to Fenner were $60,000 and $61,000 at July 31, 2018 and October 31, 2017 , respectively. 16. Related-Party Transactions (continued) The Company has representation on the board of directors of Colorado River Growers, Inc. (“CRG”), a non-profit cooperative association of fruit growers engaged in the agricultural harvesting business in Yuma County, Arizona. The Company paid no harvest costs to CRG in the three months ended July 31, 2018 and 2017 , respectively. The Company paid harvest costs to CRG of $2,451,000 and $2,825,000 in the nine months ended July 31, 2018 and 2017 , respectively. Such amounts are included in agribusiness expense in the Company’s consolidated statements of operations. Additionally, Associated provided harvest management and administrative services to CRG of zero in both three months ended July 31, 2018 and 2017 . Associated provided harvest management and administrative services to CRG of $218,000 and $303,000 in the nine months ended July 31, 2018 and 2017 , respectively. Such amounts are included in agribusiness revenues in the Company’s consolidated statements of operations. There was zero and $209,000 due to Associated from CRG at July 31, 2018 and October 31, 2017 , respectively, which is included in accounts receivable in the Company’s consolidated balance sheets. The Company has representation on the board of directors of Yuma Mesa Irrigation and Drainage District (“YMIDD”). In December 2013, Associated entered into an agreement, as amended in December 2014 and 2015, with YMIDD to participate in a Pilot Fallowing Program in which Associated agreed to forego its water allocation for approximately 300 acres of land in exchange for $750 per acre through December 31, 2016. In relation to this program, during the nine months ended July 31, 2018 and 2017 the Company recorded revenues of zero and $34,000 , respectively. These amounts are included in other income, net in the Company’s consolidated statements of operations. Additionally, the Company purchased no water from YMIDD during the three months ended July 31, 2018 and 2017 . The Company purchased water in the amounts of $149,000 and $67,000 from YMIDD during the nine months ended July 31, 2018 and 2017 , respectively. Such amounts are included in agribusiness expenses in the Company’s consolidated statements of operations. There were no amounts receivable from YMIDD at July 31, 2018 and October 31, 2017 . Amounts due to YMIDD at July 31, 2018 and October 31, 2017 were zero and $10,000 , respectively. The Company has a 1.3% interest in Limco Del Mar, Ltd. (“Del Mar”) as a general partner and a 26.8% interest as a limited partner. The Company provides Del Mar with farm management, orchard land development and accounting services and received expense reimbursements of $56,000 and $35,000 in the three months ended July 31, 2018 and 2017 , respectively, and $151,000 and $104,000 in the nine months ended July 31, 2018 and 2017 . The Company procures lemons from Del Mar and fruit proceeds due to Del Mar were $1,194,000 and $912,000 at July 31, 2018 and October 31, 2017 , respectively and are included in grower’s payable in the Company’s consolidated balance sheets. In the three months ended July 31, 2018 and 2017 , the Company received cash distributions of $175,000 and $176,000 and recorded equity in losses of this investment of $45,000 and $107,000 , respectively. In the nine months ended July 31, 2018 and 2017 , the Company received distributions of $175,000 and $176,000 and recorded equity in earnings of this investment of $308,000 and $244,000 , respectively. On August 14, 2014, the Company’s wholly owned subsidiary, Limoneira Chile SpA, invested approximately $1,750,000 for a 35% interest in Rosales, a citrus packing, marketing and sales business located in La Serena, Chile. The Company purchased an additional 12% interest in Rosales with the February 2017 acquisition of PDA. The Company recognized $86,000 and $428,000 of lemon sales to Rosales in the three months ended July 31, 2018 and 2017 , respectively. The Company recognized $1,009,000 and $1,038,000 of lemon sales to Rosales in the nine months ended July 31, 2018 and 2017 , respectively. Additionally, PDA and San Pablo recognized, aggregate sales of $456,000 and $207,000 of lemon and orange sales to Rosales in the three months ended July 31, 2018 and 2017 , respectively. PDA and San Pablo recognized, aggregate sales of $1,159,000 and $430,000 of lemon and orange sales to Rosales in the nine months ended July 31, 2018 and 2017 , respectively. Such amounts are recorded in agribusiness revenues in the Company’s consolidated statements of operations. Amounts due from Rosales were $426,000 and $101,000 at July 31, 2018 and October 31, 2017 , respectively. The Company recorded equity in (gain) losses of this investment of $(18,000) and $70,000 in the three months ended July 31, 2018 and 2017 , respectively and amortization of fair value basis differences of $84,000 and $102,000 in the three months ended July 31, 2018 and 2017 , respectively. The Company recorded equity in losses of this investment of $15,000 and $24,000 in the nine months ended July 31, 2018 and 2017 , respectively and amortization of fair value basis differences of $253,000 and $206,000 in the nine months ended July 31, 2018 and 2017 , respectively. The Company received cash distributions from this equity investment of zero and $134,000 in the nine months ended July 31, 2018 and 2017 , respectively.

Income Taxes

Income Taxes	9 Months Ended
	Jul. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s estimated annual effective blended tax rate for fiscal year 2018 is approximately 27.5% . As such, a (27.8)% estimated effective blended tax rate, after tax reform and stock compensation discrete items, was utilized by the Company in the nine months ended July 31, 2018 to calculate its income tax provision. The discrete driver of the significant increase in the estimated effective blended tax rate in the nine months ended July 31, 2018 is the approximately $10.0 million decrease in deferred tax liabilities, related to the change in federal tax rate per the Tax Cuts and Jobs Act of 2017, from 34% to 21% . 17. Income Taxes (continued) The Company has no uncertain tax positions as of July 31, 2018 . The Company’s policy is to recognize interest expense and penalties related to income tax matters as a component of income tax expense. The Company has not accrued any interest and penalties associated with uncertain tax positions as of July 31, 2018 . On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (the “Act”) was signed into law making significant changes to the Internal Revenue Code (“IRC”). Except for certain provisions, the act is effective for tax years beginning on or after January 1, 2018. As a fiscal year U.S. taxpayer, the majority of the provisions will apply to the Company’s 2019 fiscal year, such as eliminating the domestic production activities deduction, creating new taxes on certain foreign sourced income and introducing new limitations on certain business deductions. For fiscal year 2018 and effective in the first fiscal quarter, the most significant impacts include: lowering of the U.S. federal corporate income tax rate; remeasuring certain net deferred tax liabilities; and immediate expensing of certain capital expenditures. Changes effective fiscal year 2018 include, but not limited to, a corporate tax rate decrease from 34% to 21% , the transition of U.S. international taxation from a worldwide system to a territorial system, and a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings. The Company has calculated its best estimate of the impact of the Act on its quarter-end income tax provision in accordance with its understanding of the Act and guidance available as of the date of this filing and as a result of the corporate tax rate reduction, the Company has decreased its deferred tax liability balance as of July 31, 2018 by approximately $10,000,000 . The Company is able to claim bonus depreciation to accelerate the expensing of the cost of certain qualified property acquired and placed in service after September 27, 2017 and before January 1, 2024. For the first five-year period (through 2022), the Company can deduct 100% of the cost of qualified property. Starting in 2023, the additional bonus depreciation is gradually phased out by 20% each year through 2027 . Deemed repatriation of foreign earnings is the one-time mandatory transition tax imposed on cumulative foreign earnings. The Company does not believe that there is an impact due to its current foreign earnings deficit. However, the Company will continue to evaluate its foreign earnings during the fiscal year. The Act eliminates or reduces certain deductions, including Section 199 Domestic Production Activities Deduction. However, the Company’s fiscal year began before the Act was effective and the Section 199 deduction is still available to the Company during fiscal year 2018 as allowable based on taxable income and other limitations. Due to uncertainties which currently exist in the interpretation of the provisions of the Act regarding IRC Section 162(m), the Company has not evaluated the potential impacts of IRC Section 162(m) as amended by the Act on its financial statements. On December 22, 2017, Staff Accounting Bulletin No. 118 (“SAB 118”) was issued to address the application of U.S. GAAP in situations when a registrant does not have the necessary information available, prepared or analyzed (including computations) in reasonable detail to complete the accounting for certain income tax effects of the Act. In accordance with SAB 118, the Company has determined that the approximately $10,000,000 of deferred tax benefit recorded in connection with the re-measurement of certain deferred tax assets and liabilities and zero additional taxable income recorded in connection with the transition tax on the mandatory deemed repatriation of foreign earnings is a provisional amount and a reasonable estimate at July 31, 2018 . Additional work is necessary to do a more detailed analysis of historic earnings as well as potential correlative adjustments. Any subsequent adjustments to these amounts will be recorded during the remainder of the fiscal year ended October 31, 2018 , as they are identified.

Retirement Plans

Retirement Plans	9 Months Ended
	Jul. 31, 2018
Retirement Benefits [Abstract]
Retirement Plans	Retirement Plans The Limoneira Company Retirement Plan (the “Plan”) is a noncontributory, defined benefit, single employer pension plan, which provides retirement benefits for all eligible employees of the Company. Benefits paid by the Plan are calculated based on years of service, highest five -year average earnings, primary Social Security benefit and retirement age. Effective June 2004, the Company froze the Plan and no additional benefits accrued to participants subsequent to that date. The Plan is administered by Wells Fargo Bank and Mercer Human Resource Consulting. 18. Retirement Plans (continued) The Plan is funded consistent with the funding requirements of federal law and regulations. There were funding contributions of $150,000 and $150,000 during the three months ended July 31, 2018 and 2017 , respectively, and $450,000 and $575,000 during the nine months ended July 31, 2018 and 2017 , respectively. The components of net periodic pension cost for the Plan for the three and nine months ended July 31, 2018 and 2017 were as follows (in thousands): Three Months Ended Nine Months Ended 2018 2017 2018 2017 Administrative expenses $ 64 $ 76 $ 190 $ 228 Interest cost 192 194 577 582 Expected return on plan assets (267 ) (263 ) (803 ) (789 ) Prior service cost 11 11 33 33 Recognized actuarial loss 176 208 526 624 Net periodic benefit cost $ 176 $ 226 $ 523 $ 678

Other Long-Term Liabilities

Other Long-Term Liabilities	9 Months Ended
	Jul. 31, 2018
Other Liabilities Disclosure [Abstract]
Other Long-Term Liabilities	Other Long-Term Liabilities Other long-term liabilities consist of the following (in thousands): July 31, October 31, 2017 Minimum pension liability $ 3,405 $ 3,858 Loan guarantee 1,080 — Deferred gain and other 25 62 $ 4,510 $ 3,920

Contingencies

Contingencies	9 Months Ended
	Jul. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Contingencies	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, and/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.

Series B and Series B-2 Preferr

Series B and Series B-2 Preferred Stock	9 Months Ended
	Jul. 31, 2018
Temporary Equity Disclosure [Abstract]
Series B and Series B-2 Preferred Stock	Series B and Series B-2 Preferred Stock Series B Convertible Preferred Stock In 1997, in connection with the acquisition of Ronald Michaelis Ranches, Inc., the Company issued 30,000 shares of Series B Convertible Preferred Stock at $100.00 par value (the “Series B Stock”). Dividends: The holders of shares of Series B Stock are entitled to receive cumulative cash dividends at an annual rate of 8.75% of par value. Such dividends are payable quarterly on the first day of January, April, July and October in each year commencing July 1, 1997. Voting Rights: Each holder of Series B Stock is entitled to ten votes on all matters submitted to a vote of the stockholders of the Company. Redemption: The Company, at the option of the board of directors, may redeem the Series B Stock, as a whole or in part, at any time or from time to time on or after August 1, 2017 and before July 31, 2027, at a redemption price equal to the par value thereof, plus accrued and unpaid dividends thereon to the date fixed for redemption. Redemption by the Company of a portion of the Series B Stock totaling 14,790 shares is subject to certain conditions agreed upon between the Company and the holders of this portion of the Series B Stock. 21. Series B and Series B-2 Preferred Stock (continued) Series B Convertible Preferred Stock (continued) Conversion: The holders of Series B Stock have the right, at their option, to convert such shares into shares of Common Stock of the Company at any time prior to redemption. The conversion price is $8.00 per share of Common Stock. Pursuant to the terms of the Certificate of Designation, Preferences and Rights of the Series B Stock, the conversion price shall be adjusted to reflect any dividends paid in Common Stock of the Company, the subdivision of the Common Stock of the Company into a greater number of shares of Common Stock of the Company or upon the advice of legal counsel. Put: The holders of Series B Stock may at any time after July 1, 2017 and before June 31, 2027 cause the Company to repurchase such shares at a repurchase price equal to the par value thereof, plus accrued and unpaid dividends thereon to the date fixed for repurchase. The put features of a portion of the Series B Stock totaling 14,790 shares are subject to certain conditions agreed upon between the Company and the holders of this portion of the Series B Stock. Because the Series B Stock may be redeemed by holders of the shares at their discretion beginning July 1, 2017, the redemption is outside of the control the Company and accordingly, the Series B Stock has been classified as temporary equity. In fiscal year 2017 , a total of 14,210 shares of Series B preferred stock were converted into 177,624 shares of common stock. In fiscal year 2016 , 500 shares of Series B preferred stock were converted into 6,250 shares of common stock. In fiscal year 2015 , 500 shares of Series B preferred stock were converted into 6,250 shares of common stock. Series B-2 Convertible Preferred Stock During March and April of 2014, pursuant to a Series B-2 Stock Purchase Agreement dated March 21, 2014, the Company issued an aggregate of 9,300 shares of Series B-2, 4% voting preferred stock with a par value of $100.00 per share (the “Series B-2 Preferred Stock”) to WPI-ACP Holdings, LLC (“WPI”), an entity affiliated with WAM for total proceeds of $9,300,000 . The transactions were exempt from the registration requirements of the Securities Act of 1933, as amended. The Series B-2 Preferred Stock has the following rights, preferences, privileges, and restrictions: Conversion: Each share of the Series B-2 Preferred Stock is convertible into common stock at a conversion price equal to the greater of (a) the then-market price of the Company’s common stock based upon the closing price of the Company’s common stock on the NASDAQ Stock Market, LLC or on such other principal market on which the Company’s common stock may then be trading and (b) $15.00 per share of common stock. Shares of the Series B-2 Preferred Stock may be converted into common stock (i) at any time prior to the redemption thereof, or (ii) in the event the Option Agreement (as defined below) is terminated without all of the shares of Series B-2 Preferred Stock having been redeemed, within 30 calendar days following such termination. Dividends: The holder of shares of the Series B-2 Preferred Stock is entitled to receive cumulative cash dividends at an annual rate of 4% of the liquidation value of $1,000 per share. Such dividends are payable quarterly on the first day of January, April, July and October in each year commencing July 1, 2014. Liquidation Rights: In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company, the holder of shares of the Series B-2 Preferred Stock is entitled to be paid out of the assets available for distribution, before any payment is made to the holders of the Company’s common stock or any other series or class of the Company’s shares ranking junior to the Series B-2 Preferred Stock, an amount equal to the liquidation value of $1,000 per share, plus an amount equal to all accrued and unpaid dividends. Voting Rights: Each share of Series B-2 Preferred Stock is entitled to one vote on all matters submitted to a vote of the Company’s stockholders. Redemption: The Company may redeem shares of Series B-2 Preferred Stock only (i) from WPI or its designee and (ii) upon, and to the extent of, an election to exercise the option pursuant to the Option Agreement, described below, at a redemption price equal to the liquidation value of $1,000 per share plus accrued and unpaid dividends. Because the Series B-2 Preferred Stock may be redeemed by WPI at its discretion with the exercise of the Option Agreement, the redemption is outside of the control the Company and accordingly, the Series B-2 Preferred Stock has been classified as temporary equity. 21. Series B and Series B-2 Preferred Stock (continued) Series B-2 Convertible Preferred Stock (continued) In connection with the sale of the Series B-2 Preferred Stock, Associated and another affiliate of WAM (“WPI-ACP”), entered into a series of agreements related to the future ownership and disposition of farmland with associated Colorado River water rights and other real estate that is held by Associated in Yuma, Arizona. The agreements allow the parties to explore strategies that will make the highest and best use of those assets, including but not limited to the sale or lease of assets or the expansion of a fallowing and water savings program in which a portion of Associated’s property is currently enrolled. The net proceeds of any monetization event would be shared equally by the parties. The agreements entered into include a Water Development Agreement and an Option Agreement. Pursuant to the Water Development Agreement, Associated granted WPI-ACP exclusive rights to develop water assets attributable to the real estate owned by Associated for the mutual benefit of Associated and WAM. Pursuant to the Option Agreement, Associated granted WPI-ACP an option to purchase an undivided interest of up to one-half of the real estate owned by Associated in Yuma County, Arizona (the “Property”) and the water rights associated therewith until January 1, 2026. The purchase price for the Property subject to the Option Agreement will be paid via the redemption by the Company of a proportionate percentage of the Series B-2 Preferred Stock. Unless and until a definitive agreement or definitive agreements with respect to Associated’s real estate and water rights is entered into that would cause the cessation of farming operations, Associated expects to continue farming the Property and recognize all results of operations and retain all proceeds from such operations.

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Jul. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [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 based on achievement of certain annual financial performance and other criteria. The number of shares granted is based on a percentage of the employee’s base salary divided by the stock price on the grant date. Shares granted under the Stock Plan generally vest over a two -year period. In December 2017, 41,291 shares of common stock with a per share value of $22.86 were granted to management under the Stock Plan for fiscal year 2017 performance, resulting in a total compensation expense of approximately $944,000 , with $605,000 recognized in the year ended October 31, 2017 and the balance to be recognized over the next two years as the shares vest. In addition, 90,000 shares of common stock with a per share value of $22.19 were granted to key executives under the Stock Plan, resulting in a total compensation expense of approximately $1,997,000 , to be recognized equally over the next five years as the shares vest. In December 2016, 44,688 shares of common stock with a per share value of $19.92 were granted to management under the Stock Plan for fiscal year 2016 performance, resulting in total compensation expense of approximately $890,000 , with $544,000 recognized in the year ended October 31, 2016 and the balance to be recognized over the next two years as the shares vest. In December 2015, 27,424 shares of common stock with a per share value of $15.29 were granted to management under the Stock Plan for fiscal year 2015 performance, resulting in total compensation expense of approximately $410,000 , with $130,000 recognized in the year ended October 31, 2015 and the balance recognized over the next two years as the shares vested. Stock-based compensation expense is recognized over the performance and vesting periods as summarized below ($ in thousands): Three Months Ended Nine Months Ended Performance Year Shares Granted 2018 2017 2018 2017 2015 27,424 $ — $ 36 $ — $ 108 2016 44,688 24 64 74 192 2017 41,291 67 108 203 465 2018 90,000 187 — 630 — $ 278 $ 208 $ 907 $ 765 During the three months ended January 31, 2018 and 2017 members of management exchanged 17,520 and 14,773 shares, respectively of common stock with fair value of $401,000 and $294,000 , respectively, at the date of the exchanges, for the payment of payroll taxes associated with the vesting of shares under the Company’s stock-based compensation programs. During January 2018 and 2017 , 14,033 and 18,956 shares, respectively, of common stock were granted to the Company’s non-employee directors under the Company’s stock-based compensation plans. The Company recognized $309,000 and $323,000 of stock-based compensation to non-employee directors during the nine months ended July 31, 2018 and 2017 , respectively.

Public Offering of Common Stock

Public Offering of Common Stock	9 Months Ended
	Jul. 31, 2018
Equity [Abstract]
Public Offering of Common Stock	Public Offering of Common Stock In June 2018, the Company completed the sale of an aggregate of 3,136,362 shares of our common stock, at a price of $22.00 per share, to a limited number of institutional and other investors in a registered offering under the shelf registration statement. The offering represented 18% of our outstanding common stock on an after-issued basis as of June 25, 2018. Upon completion of the offering and issuance of common stock, the Company had 17,669,314 shares of common stock outstanding. The gross proceeds of the offering totaled $69.0 million and after an underwriting discount of $4.5 million and other offering expenses of $0.4 million , the net proceeds received by the Company were $64.1 million .

Segment Information

Segment Information	9 Months Ended
	Jul. 31, 2018
Segment Reporting [Abstract]
Segment Information	Segment Information The Company operates in six reportable operating segments: fresh lemons, lemon packing, avocados, other agribusiness, rental operations and real estate development. The reportable operating segments of the Company are strategic business units with different products and services, distribution processes and customer bases. The fresh lemons segment includes sales, farming and harvesting expenses and third-party grower costs relative to fresh lemons. The lemon packing segment includes packing revenues and shipping and handling revenues relative to lemon packing. The lemon packing segment expenses are comprised of lemon packing costs. The lemon packing segment revenues include intersegment revenues between fresh lemons and lemon packing. The intersegment revenues are included gross in the segment note and a separate line item is shown as an elimination. The avocados segment includes sales, farming and harvest costs. The other agribusiness segment includes sales, farming and harvesting of oranges, specialty citrus and other crops. The rental operations segment includes housing and commercial rental operations, leased land and organic recycling. The real estate development segment includes real estate development operations. 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 reportable operating segments and allocates resources based on its evaluation. The Company does not allocate selling, general and administrative expense, other income, interest expense and income taxes, or specifically identify them to its reportable operating segments. The Company earns packing revenue for packing lemons grown on its orchards and lemons procured from third-party growers. Intersegment revenues represent packing revenues related to lemons grown on the Company’s orchards. Segment information for the three months ended July 31, 2018 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 28,457 $ 2,279 $ — $ 5,643 $ 2,298 $ 38,677 $ 1,273 $ — $ — $ 39,950 Intersegment revenue — 6,340 (6,340 ) — — — — — — — Total net revenues 28,457 8,619 (6,340 ) 5,643 2,298 38,677 1,273 — — 39,950 Costs and expenses 18,872 6,033 (6,340 ) 1,829 2,066 22,460 810 25 3,454 26,749 Depreciation and amortization — — — — — 1,523 194 — 59 1,776 Operating income $ 9,585 $ 2,586 $ — $ 3,814 $ 232 $ 14,694 $ 269 $ (25 ) $ (3,513 ) $ 11,425 Segment information for the three months ended July 31, 2017 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 27,837 $ 2,158 $ — $ 7,490 $ 1,565 $ 39,050 $ 1,345 $ — $ — $ 40,395 Intersegment revenue — 5,731 (5,731 ) — — — — — — — Total net revenues 27,837 7,889 (5,731 ) 7,490 1,565 39,050 1,345 — — 40,395 Costs and expenses 17,861 5,451 (5,731 ) 1,705 2,349 21,635 738 47 3,174 25,594 Depreciation and amortization — — — — — 1,387 191 — 55 1,633 Operating income $ 9,976 $ 2,438 $ — $ 5,785 $ (784 ) $ 16,028 $ 416 $ (47 ) $ (3,229 ) $ 13,168 24. Segment Information (continued) Segment information for the nine months ended July 31, 2018 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 83,994 $ 8,120 $ — $ 6,578 $ 12,183 $ 110,875 $ 3,803 $ — $ — $ 114,678 Intersegment revenue — 18,416 (18,416 ) — — — — — — — Total net revenues 83,994 26,536 (18,416 ) 6,578 12,183 110,875 3,803 — — 114,678 Costs and expenses 64,363 18,927 (18,416 ) 3,408 8,195 76,477 2,461 94 11,369 90,401 Depreciation and amortization — — — — — 4,466 584 — 160 5,210 Operating income $ 19,631 $ 7,609 $ — $ 3,170 $ 3,988 $ 29,932 $ 758 $ (94 ) $ (11,529 ) $ 19,067 Segment information for the nine months ended July 31, 2017 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 74,551 $ 7,603 $ — $ 9,519 $ 9,563 $ 101,236 $ 4,144 $ — $ — $ 105,380 Intersegment revenue — 16,677 (16,677 ) — — — — — — — Total net revenues 74,551 24,280 (16,677 ) 9,519 9,563 101,236 4,144 — — 105,380 Costs and expenses 57,435 17,422 (16,677 ) 3,215 10,333 71,728 2,367 292 10,028 84,415 Depreciation and amortization — — — — — 4,093 567 — 164 4,824 Operating income $ 17,116 $ 6,858 $ — $ 6,304 $ (770 ) $ 25,415 $ 1,210 $ (292 ) $ (10,192 ) $ 16,141 The following table sets forth revenues by category, by segment for the three and nine months ended July 31, 2018 and 2017 (in thousands): Three Months Ended Nine Months Ended 2018 2017 2018 2017 Fresh lemons $ 28,457 $ 27,837 $ 83,994 $ 74,551 Lemon packing 8,619 7,889 26,536 24,280 Intersegment revenue (6,340 ) (5,731 ) (18,416 ) (16,677 ) Lemon revenues 30,736 29,995 92,114 82,154 Avocados 5,643 7,490 6,578 9,519 Navel and Valencia oranges 1,986 1,118 8,552 6,539 Specialty citrus and other crops 312 447 3,631 3,024 Other agribusiness revenues 2,298 1,565 12,183 9,563 Agribusiness revenues 38,677 39,050 110,875 101,236 Residential and commercial rentals 881 906 2,609 2,688 Leased land 304 372 958 1,114 Organic recycling and other 88 67 236 342 Rental operations revenues 1,273 1,345 3,803 4,144 Real estate development revenues — — — — Total net revenues $ 39,950 $ 40,395 $ 114,678 $ 105,380

Subsequent Events

Subsequent Events	9 Months Ended
	Jul. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company has evaluated events subsequent to July 31, 2018 through the filing date to assess the need for potential recognition or disclosure in this Quarterly Report on Form 10-Q. Based upon this evaluation, except as described in the Notes to 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 Accoun34

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jul. 31, 2018
Accounting Policies [Abstract]
Foreign Currency Translation	Foreign Currency Translation San Pablo and PDA’s functional currency is the Chilean Peso. Their balance sheets are translated to U.S. dollars at exchange rates in effect at the balance sheet date and their income statements are translated at average exchange rates during the reporting period. The resulting foreign currency translation adjustments are recorded as a separate component of accumulated other comprehensive income.
Recent Accounting Pronouncements	Recent Accounting Pronouncements FASB – Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606). In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition – Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g., assets within the scope of Topic 360, Property, Plant, and Equipment, and tangible assets within the scope of Topic 350, Intangibles – Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: • Identify the contract(s) with a customer. • Identify the performance obligations in the contract. • Determine the transaction price. • Allocate the transaction price to the performance obligations in the contract. 2. Summary of Significant Accounting Policies (continued) • Recognize revenue when (or as) the entity satisfies a performance obligation. In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net). ASU 2016-08 clarifies the implementation guidance on principal versus agent considerations. In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. ASU 2016-10 clarifies the implementation guidance on identifying performance obligations. These ASUs apply to all companies that enter into contracts with customers to transfer goods or services. In May 2016, the FASB issued, ASU 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients. ASU 2016-12 provides clarifying guidance in certain narrow areas and adds some practical expedients. The two permitted transition methods under the new standard are the full retrospective method, in which case the standard would be applied to each prior reporting period presented and the cumulative effect of applying the standard would be recognized at the earliest period shown, or the modified retrospective method, in which case the cumulative effect of applying the standard would be recognized at the date of initial application. The Company currently anticipates adopting the standard in the first quarter of its fiscal year ending October 31, 2019 and anticipates using the modified retrospective method. The Company has inventoried and evaluated its current revenue streams and related contracts with customers. The Company continues to evaluate the effect this ASU may have on its consolidated financial statements. FASB ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory The amendments in this ASU do not apply to inventory that is measured using last-in, first-out (“LIFO”) or the retail inventory method. The amendments apply to all other inventory, which includes inventory that is measured using first-in, first-out (“FIFO”) or average cost. An entity should measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. The Company’s adoption of this ASU had no impact on its consolidated financial statements. FASB ASU 2016-01, Financial Instruments Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities The amendments in ASU 2016-01, among other things, require equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. Requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. Requires separate presentation of financial assets and financial liabilities by measurement category and form of financial assets (i.e., securities or loans and receivables). Eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate fair value that is required to be disclosed for financial instruments measured at amortized cost. ASU 2016-01 is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements. FASB ASU 2016-02, Leases (Topic 832) Under the new guidance, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: • A lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis; and • A right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. 2. Summary of Significant Accounting Policies (continued) Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The new lease guidance simplified the accounting for sale and leaseback transactions primarily because lessees must recognize lease assets and lease liabilities. Lessees will no longer be provided with a source of off-balance sheet financing. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The ASU will be effective for the Company beginning in the first quarter of its fiscal year ending October 31, 2019. The Company is evaluating the effect this ASU may have on its consolidated financial statements; however, it expects to apply the practical expedients provided in the ASU and to record right-of-use assets and lease obligations for its operating leases that exist on the date of adoption. Note 20 – Commitments and Contingencies in the Notes to Consolidated Financial Statements included in the Company’s fiscal year 2017 Annual Report on Form 10-K describes its operating lease arrangements as of October 31, 2017. FASB ASU 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships The amendments in this ASU clarify that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument does not, in and of itself, require de-designation of that hedging relationship provided that all other hedge accounting criteria remain intact. The Company adopted this ASU during the quarter ended July 31, 2017 in connection with the refinancing of its line of credit arrangements and related interest rates swap as described in Note 13 – Long-Term Debt and Note 14 – Derivative Instrument and Hedging Activities. FASB ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting The amendments are intended to improve the accounting for employee share-based payments and affect all organizations that issue share-based payment awards to their employees. Several aspects of the accounting for share-based payment award transactions are simplified, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The amendments are effective for annual periods beginning after December 15, 2016 and interim periods within those annual periods. Early adoption is permitted. The Company’s early adoption of this ASU on November 1, 2016 resulted in a cumulative effect provision of $21,000 recognized in fiscal year 2017. The Company has also elected to account for forfeitures as they occur using the modified retrospective approach. In addition, the Company is now required to present excess tax benefits (provisions) as operating activity (combined with other income tax cash flows) on the statements of cash flows rather than as financing activity and has elected to adopt this change prospectively. FASB ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business This amendment clarifies the definition of a business. The amendment affects all companies and other reporting organizations that must determine whether they have acquired or sold a business. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. The amendment is intended to help companies and other organizations evaluate whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. This amendment is effective for public companies for annual periods beginning after December 15, 2017, including interim periods within those periods. For all other companies and organizations, the amendment is effective for annual periods beginning after December 15, 2018, and interim periods within annual periods beginning after December 15, 2019. The amendment should be applied prospectively as of the beginning of the period of adoption. The Company early adopted this ASU during the quarter ended July 31, 2018. 2. Summary of Significant Accounting Policies (continued) FASB ASU 2017-07, Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost The amendment requires that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are used to present the other components of net benefit cost, that line item or items must be appropriately described. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed. The amendment is effective for public business entities for annual periods beginning after December 15, 2017, including interim periods within those annual periods. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. The Company is evaluating the effect this ASU may have on its consolidated financial statements. FASB ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities These amendments refine and expand hedge accounting for both financial and commodity risks. Its provisions create more transparency around how economic results are presented, both on the face of the financial statements and in the footnotes. It also makes certain targeted improvements to simplify the application of hedge accounting guidance. The amendment is effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption, including adoption in an interim period, is permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements. FASB ASU 2018-02, Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income These amendments provide financial statement preparers with an option to reclassify stranded tax effects within AOCI to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act of 2017 (or portion thereof) is recorded. The amendment is effective for all organizations for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. Organizations should apply the proposed amendments either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. The Company is evaluating the effect of this ASU. It could have a significant effect on the Company’s consolidated financial statements.

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Jul. 31, 2018
Fruticola San Pablo S.A. [Member]
Business Acquisition [Line Items]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	Below is a summary of the fair value of the net assets acquired on the acquisition date based on a third-party valuation, which is considered a Level 3 fair value measurement under FASB ASC 820, Fair Value Measurements and Disclosures (in thousands): 3. Acquisitions Agriculture Property Acquisition (continued) Cultural costs $ 579 Land and land improvements 9,114 Buildings and equipment 207 Orchards 2,058 Water rights 1,153 Total assets acquired $ 13,111
Oxnard Lemon Associates, Ltd. [Member]
Business Acquisition [Line Items]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	Below is a summary of the preliminary (subject to finalization of the valuation of the assets) fair value of the net assets acquired on the acquisition date based on a third-party valuation, which is considered a Level 3 fair value measurement under FASB ASC 820, Fair Value Measurements and Disclosures (in thousands): Land and land improvements $ 7,294 Buildings and equipment 14,906 Customer relationships and tradename 2,450 Goodwill 350 Total assets acquired $ 25,000
Fruticola Pan de Azucar S.A. [Member]
Business Acquisition [Line Items]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	Below is a summary of the fair value of the net assets acquired on the Acquisition Date based on the third-party valuation, which were considered a Level 3 fair value measurement under FASB ASC 820, Fair Value Measurements and Disclosures (in thousands): Cultural costs $ 473 Other current assets 166 Land and land improvements 2,748 Buildings and equipment 206 Orchards 2,876 Investment in Rosales 1,021 Water rights 1,120 Deposit for land purchase 645 Goodwill 196 Total assets acquired 9,451 Current liabilities (122 ) Current and long-term debt (1,964 ) Deferred income taxes (1,026 ) Noncontrolling interest (633 ) Net cash paid $ 5,706

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jul. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table sets forth the Company’s financial assets and liabilities as of July 31, 2018 and October 31, 2017 , which are measured on a recurring basis during the period, segregated by level within the fair value hierarchy (in thousands): July 31, 2018 Level 1 Level 2 Level 3 Total Assets at fair value: Available-for-sale securities $ 27,750 $ — $ — $ 27,750 Liabilities at fair value: Loan guarantee $ — $ — $ 1,080 $ 1,080 October 31, 2017 Level 1 Level 2 Level 3 Total Assets at fair value: Available-for-sale securities $ 22,110 $ — $ — $ 22,110 Liabilities at fair value: Derivative $ — $ 268 $ — $ 268

Prepaid Expenses and Other Cu37

Prepaid Expenses and Other Current Assets (Tables)	9 Months Ended
	Jul. 31, 2018
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, October 31, 2017 Prepaid insurance $ 476 $ 609 Prepaid supplies 1,750 806 Lemon supplier advances 759 271 Note receivable, net 2,844 — Deferred lease expense, water assessments and other 664 958 Real estate development for sale — 4,337 $ 6,493 $ 6,981

Real Estate Development (Tables

Real Estate Development (Tables)	9 Months Ended
	Jul. 31, 2018
Real Estate [Abstract]
Schedule of Real Estate Properties	Real estate development assets consist of the following (in thousands): July 31, October 31, East Areas I and II $ 92,367 $ 74,500 Templeton Santa Barbara, LLC 6,582 6,582 $ 98,949 $ 81,082

Equity in Investments (Tables)

Equity in Investments (Tables)	9 Months Ended
	Jul. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Equity in Investments	Equity in investments consist of the following (in thousands): July 31, October 31, 2017 Limoneira Lewis Community Builders, LLC $ 14,216 $ 9,634 Limco Del Mar, Ltd. 2,101 1,968 Rosales 1,679 1,944 Romney Property Partnership 515 515 $ 18,511 $ 14,061

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
	Jul. 31, 2018
Other Assets [Abstract]
Schedule of Other Assets	Other assets consist of the following (in thousands): July 31, October 31, 2017 Investments in mutual water companies $ 5,019 $ 4,686 Acquired water and mineral rights 3,829 2,655 Deposit for land purchase 646 645 Deferred lease assets and other 416 448 Note receivable 563 625 Revolving funds and memberships 267 265 Acquired trade names and trademarks, net 2,637 233 Goodwill 1,227 876 $ 14,604 $ 10,433

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Jul. 31, 2018
Accounts Payable and Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following (in thousands): July 31, October 31, 2017 Compensation $ 2,156 $ 2,367 Property taxes 197 599 Interest 253 327 Deferred income and deposits 473 636 Lease expense 131 137 Lemon supplier payables 643 166 Capital expenditures and other 1,049 945 $ 4,902 $ 5,177

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Jul. 31, 2018
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt is comprised of the following (in thousands): July 31, October 31, 2017 Farm Credit West revolving and non-revolving lines of credit: the interest rate for the revolving line of credit is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 2.10% at July 31, 2018, plus 1.85%. In July 2018 the interest rate for the non-revolving was fixed at 4.77%. Interest is payable monthly and the principal is due in full on July 1, 2022. $ 43,803 $ 74,556 Farm Credit West term loan: the interest rate is variable and was 4.45% at July 31, 2018. The loan is payable in quarterly installments through November 2022. 2,741 3,155 Farm Credit West term loan: the interest rate is variable and was 4.45% at July 31, 2018. The loan is payable in monthly installments through October 2035. 1,133 1,167 Farm Credit West term loan: the interest rate is fixed at 4.70%. The loan is payable in monthly installments through March 2036. 9,256 9,504 Farm Credit West term loan: the interest rate is fixed at 3.62% until March 2021, becoming variable for the remainder of the loan. The loan is payable in monthly installments though March 2036. 6,878 7,083 Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023. 6,712 7,730 Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025. 2,029 2,106 Note Payable: the interest rate ranges from 5.0% to 7.0% and was 5.0% at July 31, 2018. The loan includes interest-only monthly payments and principal is due in February 2023. 1,435 — Subtotal 73,987 105,301 Less deferred financing costs, net of accumulated amortization 165 188 Total long-term debt, net 73,822 105,113 Less current portion 3,177 3,030 Long-term debt, less current portion $ 70,645 $ 102,083

Derivative Instrument and Hed43

Derivative Instrument and Hedging Activities (Tables)	9 Months Ended
	Jul. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The Company entered into an interest rate swap to minimize the risks and costs associated with its financing activities. Derivative financial instruments are as follows (in thousands): Notional Amount Fair Value Liability July 31, October 31, 2017 July 31, October 31, 2017 Pay fixed-rate, receive floating-rate forward interest rate swap, beginning July 2013 until June 2018 $ — $ 40,000 $ — $ 268

Basic and Diluted Net Income 44

Basic and Diluted Net Income per Share (Tables)	9 Months Ended
	Jul. 31, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The computations for basic and diluted net income per common share are as follows (in thousands, except per share amounts): Three Months Ended July 31, Nine Months Ended July 31, 2018 2017 2018 2017 Basic net income per common share: Numerator: Net income for basic EPS $ 8,066 $ 7,652 $ 23,020 $ 8,810 Denominator: Weighted average common shares-basic 15,947 14,396 14,979 14,287 Basic net income per common share $ 0.51 $ 0.53 $ 1.54 $ 0.62 Diluted net income per common share: Numerator: Net income for diluted EPS $ 8,201 $ 7,777 $ 23,425 $ 8,966 Denominator: Weighted average common shares–basic 15,947 14,396 14,979 14,287 Effect of dilutive unvested, restricted stock and preferred stock 604 593 599 283 Weighted average common shares–diluted 16,551 14,989 15,578 14,570 Diluted net income per common share $ 0.50 $ 0.52 $ 1.50 $ 0.62

Retirement Plans (Tables)

Retirement Plans (Tables)	9 Months Ended
	Jul. 31, 2018
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The components of net periodic pension cost for the Plan for the three and nine months ended July 31, 2018 and 2017 were as follows (in thousands): Three Months Ended Nine Months Ended 2018 2017 2018 2017 Administrative expenses $ 64 $ 76 $ 190 $ 228 Interest cost 192 194 577 582 Expected return on plan assets (267 ) (263 ) (803 ) (789 ) Prior service cost 11 11 33 33 Recognized actuarial loss 176 208 526 624 Net periodic benefit cost $ 176 $ 226 $ 523 $ 678

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	9 Months Ended
	Jul. 31, 2018
Other Liabilities Disclosure [Abstract]
Other Long-Term Liabilities	Other long-term liabilities consist of the following (in thousands): July 31, October 31, 2017 Minimum pension liability $ 3,405 $ 3,858 Loan guarantee 1,080 — Deferred gain and other 25 62 $ 4,510 $ 3,920

Stock-based Compensation (Table

Stock-based Compensation (Tables)	9 Months Ended
	Jul. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock-based Compensation	Stock-based compensation expense is recognized over the performance and vesting periods as summarized below ($ in thousands): Three Months Ended Nine Months Ended Performance Year Shares Granted 2018 2017 2018 2017 2015 27,424 $ — $ 36 $ — $ 108 2016 44,688 24 64 74 192 2017 41,291 67 108 203 465 2018 90,000 187 — 630 — $ 278 $ 208 $ 907 $ 765

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Jul. 31, 2018
Segment Reporting [Abstract]
Schedule of Segment Information by Segment	Segment information for the three months ended July 31, 2018 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 28,457 $ 2,279 $ — $ 5,643 $ 2,298 $ 38,677 $ 1,273 $ — $ — $ 39,950 Intersegment revenue — 6,340 (6,340 ) — — — — — — — Total net revenues 28,457 8,619 (6,340 ) 5,643 2,298 38,677 1,273 — — 39,950 Costs and expenses 18,872 6,033 (6,340 ) 1,829 2,066 22,460 810 25 3,454 26,749 Depreciation and amortization — — — — — 1,523 194 — 59 1,776 Operating income $ 9,585 $ 2,586 $ — $ 3,814 $ 232 $ 14,694 $ 269 $ (25 ) $ (3,513 ) $ 11,425 Segment information for the three months ended July 31, 2017 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 27,837 $ 2,158 $ — $ 7,490 $ 1,565 $ 39,050 $ 1,345 $ — $ — $ 40,395 Intersegment revenue — 5,731 (5,731 ) — — — — — — — Total net revenues 27,837 7,889 (5,731 ) 7,490 1,565 39,050 1,345 — — 40,395 Costs and expenses 17,861 5,451 (5,731 ) 1,705 2,349 21,635 738 47 3,174 25,594 Depreciation and amortization — — — — — 1,387 191 — 55 1,633 Operating income $ 9,976 $ 2,438 $ — $ 5,785 $ (784 ) $ 16,028 $ 416 $ (47 ) $ (3,229 ) $ 13,168 24. Segment Information (continued) Segment information for the nine months ended July 31, 2018 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 83,994 $ 8,120 $ — $ 6,578 $ 12,183 $ 110,875 $ 3,803 $ — $ — $ 114,678 Intersegment revenue — 18,416 (18,416 ) — — — — — — — Total net revenues 83,994 26,536 (18,416 ) 6,578 12,183 110,875 3,803 — — 114,678 Costs and expenses 64,363 18,927 (18,416 ) 3,408 8,195 76,477 2,461 94 11,369 90,401 Depreciation and amortization — — — — — 4,466 584 — 160 5,210 Operating income $ 19,631 $ 7,609 $ — $ 3,170 $ 3,988 $ 29,932 $ 758 $ (94 ) $ (11,529 ) $ 19,067 Segment information for the nine months ended July 31, 2017 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 74,551 $ 7,603 $ — $ 9,519 $ 9,563 $ 101,236 $ 4,144 $ — $ — $ 105,380 Intersegment revenue — 16,677 (16,677 ) — — — — — — — Total net revenues 74,551 24,280 (16,677 ) 9,519 9,563 101,236 4,144 — — 105,380 Costs and expenses 57,435 17,422 (16,677 ) 3,215 10,333 71,728 2,367 292 10,028 84,415 Depreciation and amortization — — — — — 4,093 567 — 164 4,824 Operating income $ 17,116 $ 6,858 $ — $ 6,304 $ (770 ) $ 25,415 $ 1,210 $ (292 ) $ (10,192 ) $ 16,141 The following table sets forth revenues by category, by segment for the three and nine months ended July 31, 2018 and 2017 (in thousands): Three Months Ended Nine Months Ended 2018 2017 2018 2017 Fresh lemons $ 28,457 $ 27,837 $ 83,994 $ 74,551 Lemon packing 8,619 7,889 26,536 24,280 Intersegment revenue (6,340 ) (5,731 ) (18,416 ) (16,677 ) Lemon revenues 30,736 29,995 92,114 82,154 Avocados 5,643 7,490 6,578 9,519 Navel and Valencia oranges 1,986 1,118 8,552 6,539 Specialty citrus and other crops 312 447 3,631 3,024 Other agribusiness revenues 2,298 1,565 12,183 9,563 Agribusiness revenues 38,677 39,050 110,875 101,236 Residential and commercial rentals 881 906 2,609 2,688 Leased land 304 372 958 1,114 Organic recycling and other 88 67 236 342 Rental operations revenues 1,273 1,345 3,803 4,144 Real estate development revenues — — — — Total net revenues $ 39,950 $ 40,395 $ 114,678 $ 105,380

Business (Textual) (Details)

Business (Textual) (Details)	Jul. 31, 2018	Oct. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Ownership percentage	90.00%	35.00%

Summary of Significant Accoun50

Summary of Significant Accounting Policies (Textual) (Details) $ in Thousands	12 Months Ended
	Oct. 31, 2017USD ($)
ASU 2016-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of ASU 2016-09	$ 21

Acquisitions (Textual) (Details

Acquisitions (Textual) (Details)	Jul. 26, 2018USD ($)	Jul. 18, 2018USD ($)aparcel	Feb. 24, 2017USD ($)a	Aug. 31, 2017USD ($)	Oct. 31, 2018USD ($)	Jul. 31, 2018USD ($)	Jul. 31, 2017USD ($)	Jul. 31, 2018USD ($)	Jul. 31, 2017USD ($)	Oct. 31, 2018USD ($)	Oct. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Oct. 31, 2014
Business Acquisition [Line Items]
Total net revenues						$ 39,950,000	$ 40,395,000	$ 114,678,000	$ 105,380,000
Net loss						$ (8,201,000)	(7,777,000)	(23,425,000)	(9,245,000)
Business combination								$ 25,000,000	5,706,000
Ownership percentage						90.00%		90.00%					35.00%
Revenues						$ 39,950,000	$ 40,395,000	$ 114,678,000	$ 105,380,000
Increase in investment				$ 193,000
Reduction in purchase price				94,000
Cash acquired from acquisition				94,000
Limoneira Company [Member]
Business Acquisition [Line Items]
Ownership percentage			35.00%			47.00%		47.00%
Fruticola San Pablo S.A. [Member]
Business Acquisition [Line Items]
Acquisition price		$ 13,000,000
Area of land | a		3,317
Number of parcels | parcel		2
Transaction costs		$ 111,000
Total net revenues								$ 5,000
Net loss								44,000
Business Acquisition, Pro Forma Revenue								115,000,000
Assets acquired		$ 13,111,000
Pro forma, net income (loss)								23,180,000
Oxnard Lemon Associates, Ltd. [Member]
Business Acquisition [Line Items]
Purchase agreement, initial purchase price	$ 24,750,000
Assets acquired	$ 25,000,000
Acquisition related costs								$ 142,000
Fruticola Pan de Azucar S.A. [Member]
Business Acquisition [Line Items]
Area of land | a			200
Percentage of voting interests acquired			90.00%
Business combination			$ 5,800,000
Long-term debt acquired			$ 1,700,000
Ownership percentage			13.00%			10.00%		10.00%
Assets acquired			$ 9,451,000	$ 9,451,000
Pro forma, net income (loss)												$ 450,000
Revenues												$ 1,900,000
Acquisition related costs											$ 57,000
Fruticola Pan de Azucar S.A. [Member] | Stockholder [Member]
Business Acquisition [Line Items]
Ownership percentage						53.00%		53.00%
Lemons [Member] | Fruticola San Pablo S.A. [Member]
Business Acquisition [Line Items]
Area of land | a		247
Oranges [Member] | Fruticola San Pablo S.A. [Member]
Business Acquisition [Line Items]
Area of land | a		61
Lemon production [Member] | Fruticola San Pablo S.A. [Member]
Business Acquisition [Line Items]
Area of land | a		120
Avocados [Member] | Fruticola San Pablo S.A. [Member]
Business Acquisition [Line Items]
Area of land | a		500
Scenario, Forecast [Member] | Oxnard Lemon Associates, Ltd. [Member]
Business Acquisition [Line Items]
Acquisition price										$ 25,000,000
Purchase agreement, additional purchase price paid					$ 250,000

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	Jul. 31, 2018	Jul. 26, 2018	Jul. 18, 2018	Oct. 31, 2017	Aug. 31, 2017	Feb. 24, 2017
Business Acquisition [Line Items]
Goodwill	$ 1,227			$ 876
Fruticola San Pablo S.A. [Member]
Business Acquisition [Line Items]
Cultural costs			$ 579
Land and land improvements			9,114
Buildings and equipment			207
Orchards			2,058
Total assets acquired			13,111
Oxnard Lemon Associates, Ltd. [Member]
Business Acquisition [Line Items]
Land and land improvements		$ 7,294
Buildings and equipment		14,906
Goodwill		350
Total assets acquired		25,000
Fruticola Pan de Azucar S.A. [Member]
Business Acquisition [Line Items]
Cultural costs					$ 473
Other current assets					166
Land and land improvements					2,748
Buildings and equipment					206
Orchards					2,876
Investment in Rosales					1,021
Deposit for land purchase					645
Goodwill					196
Total assets acquired					9,451	$ 9,451
Current liabilities					(122)
Current and long-term debt					(1,964)
Deferred income taxes					(1,026)
Noncontrolling interest					(633)
Net cash paid					5,706
Use Rights [Member] | Fruticola San Pablo S.A. [Member]
Business Acquisition [Line Items]
Water rights			$ 1,153
Use Rights [Member] | Fruticola Pan de Azucar S.A. [Member]
Business Acquisition [Line Items]
Water rights					$ 1,120
Customer relationships and tradename [Member] | Oxnard Lemon Associates, Ltd. [Member]
Business Acquisition [Line Items]
Water rights		$ 2,450

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Jul. 31, 2018	Oct. 31, 2017
Assets at fair value:
Available-for-sale securities	$ 27,750
Available-for-sale securities		$ 22,110
Liabilities at fair value:
Derivative		268
Loan guarantee	1,080
Level 1 [Member]
Assets at fair value:
Available-for-sale securities	27,750
Available-for-sale securities		22,110
Liabilities at fair value:
Derivative		0
Loan guarantee	0
Level 2 [Member]
Assets at fair value:
Available-for-sale securities	0
Available-for-sale securities		0
Liabilities at fair value:
Derivative		268
Loan guarantee	0
Level 3 [Member]
Assets at fair value:
Available-for-sale securities	0
Available-for-sale securities		0
Liabilities at fair value:
Derivative		$ 0
Loan guarantee	$ 1,080

Fair Value Measurements (Textua

Fair Value Measurements (Textual) (Details) - $ / shares	Jul. 31, 2018	Oct. 31, 2017	Oct. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Ownership percentage	90.00%		35.00%
Calavo Growers Incorporated [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment owned (in shares)	300,000
Ownership percentage	1.70%
Equity method investment investee, price per share (in dollars per share)	$ 92.50	$ 73.70

Accounts Receivable (Textual) (

Accounts Receivable (Textual) (Details) - USD ($) $ in Thousands	Jul. 31, 2018	Oct. 31, 2017
Receivables [Abstract]
Allowance for doubtful accounts receivable, current	$ 403	$ 577

Concentrations (Textual) (Detai

Concentrations (Textual) (Details)	3 Months Ended	9 Months Ended
	Jul. 31, 2018	Jul. 31, 2018
Supplier Concentration Risk [Member]
Concentration Risk [Line Items]
Concentration risk		5.00%
Lemons [Member]
Concentration Risk [Line Items]
Concentration risk	35.00%	44.00%

Prepaid Expenses and Other Cu57

Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2018	Oct. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid insurance	$ 476	$ 609
Prepaid supplies	1,750	806
Lemon supplier advances	759	271
Note receivable, net	2,844	0
Deferred lease expense, water assessments and other	664	958
Real estate development for sale	0	4,337
Prepaid Expense and Other Assets, Current	$ 6,493	$ 6,981

Real Estate Development (Detail

Real Estate Development (Details) - USD ($) $ in Thousands	Jul. 31, 2018	Oct. 31, 2017
Real Estate Properties [Line Items]
Real estate development assets	$ 98,949	$ 81,082
East Area I and II [Member]
Real Estate Properties [Line Items]
Real estate development assets	92,367	74,500
Templeton Santa Barbara, LLC [Member]
Real Estate Properties [Line Items]
Real estate development assets	$ 6,582	$ 6,582

Real Estate Development (Textua

Real Estate Development (Textual) (Details)	Feb. 28, 2018USD ($)	Jan. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Nov. 30, 2017USD ($)	Oct. 31, 2017USD ($)	Jan. 28, 2016USD ($)	Nov. 10, 2015USD ($)representative	Sep. 30, 2015USD ($)	Feb. 28, 2013USD ($)a	May 31, 2018USD ($)payment	Jul. 31, 2018USD ($)property	Jul. 31, 2017USD ($)	Jan. 31, 2016USD ($)	Jul. 31, 2018USD ($)property	Jul. 31, 2017USD ($)	Oct. 31, 2017USD ($)	Oct. 31, 2016USD ($)	Oct. 31, 2015USD ($)	Oct. 31, 2014USD ($)	Aug. 31, 2017USD ($)	Oct. 31, 2005aproperty
Real Estate Properties [Line Items]
Ownership percentage											90.00%			90.00%					35.00%
Increase in real estate development and sale-leaseback deferral											$ 5,306,000	$ 1,236,000		$ 13,731,000	$ 4,216,000
Payments to acquire equity method investments														3,500,000	7,450,000
Income (loss) from equity method investments											123,000	76,000		40,000	9,000
Outstanding long-term debt					$ 105,301,000						73,987,000			73,987,000		$ 105,301,000
Purchase of real estate development parcel														1,444,000	0
Gains (losses) on sales of investment real estate														25,000	0
Real estate development for sale					4,337,000						0			0		4,337,000
Unsecured Line of Credit Loan Agreement and Promissory Note [Member]
Real Estate Properties [Line Items]
Debt instrument, face amount		$ 45,000,000
Debt instrument, maturity date		The Loan matures in January 2020, with an option to extend the maturity date until 2021, subject to certain conditions
Debt instrument, basis spread on variable rate		2.85%
Outstanding long-term debt											18,564,000			18,564,000
Guarantee, fair value											1,080,000			1,080,000
East Areas I and II [Member]
Real Estate Properties [Line Items]
Number of properties | property																					2
Number of acres | a																					550
Real estate period increase (decrease)											5,851,000	1,415,000		17,867,000	5,127,000
Real estate development expense											$ 2,000	2,000		15,000	39,000
Income (loss) from equity method investments														$ 0	54,000
East Area I [Member]
Real Estate Properties [Line Items]
Lease term							5 years
Pro rata share percentage of improvement costs											28.50%			28.50%
Maximum improvement costs											$ 5,000,000			$ 5,000,000
East Areas II [Member]
Real Estate Properties [Line Items]
Area of real estate property | a									7
Purchase of real estate development parcel									$ 75,000							50,000	$ 50,000	$ 50,000	$ 50,000
Real estate investment property, net	$ 3,145,000
Payments to acquire and develop real estate	1,444,000
Notes payable	1,435,000
Purchase price of option payments	275,000
Payments of derivative issuance costs	$ 9,000
Notes payable, term	5 years
East Areas II [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Interest rate, stated percentage	5.00%
East Areas II [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Interest rate, stated percentage	7.00%
Limoneira Lewis Community Builders, LLC Agreement [Member]
Real Estate Properties [Line Items]
Due from joint ventures		$ 250,000
Rental income, non-operating														16,000	12,000
Proceeds from sale of real estate held-for-investment											$ 0	3,000,000		$ 3,500,000	7,450,000
Templeton Santa Barbara Limited Liability Company [Member]
Real Estate Properties [Line Items]
Number of properties | property											3			3
Real estate development expense											$ 23,000	$ 45,000		$ 79,000	$ 133,000
Pacific Crest [Member]
Real Estate Properties [Line Items]
Proceeds from sale of real estate held-for-investment			$ 3,500,000
Real estate, gross					3,250,000						3,250,000			3,250,000		3,250,000
Gains (losses) on sales of investment real estate			40,000
Real estate development for sale											3,250,000			3,250,000
Sevilla [Member]
Real Estate Properties [Line Items]
Proceeds from sale of real estate held-for-investment				$ 1,364,000
Real estate, gross					4,686,000						3,332,000			3,332,000		4,686,000
Gains (losses) on sales of investment real estate				$ 10,000
Real estate held-for-sale					1,354,000											1,354,000				$ 1,452,000
Real estate development for sale					3,332,000											3,332,000
Centennial Property [Member]
Real Estate Properties [Line Items]
Proceeds from sale of real estate held-for-investment			179,000		3,250,000
Real estate, gross					2,983,000											2,983,000
Proceeds from issuance of debt			$ 3,000,000
Gains (losses) on sales of investment real estate														15,000		194,000
Deferred gain on sale of property											179,000			179,000
Number of non-refundable payments | payment										2
Proceeds from debt										$ 100,000
Real estate held-for-sale					$ 2,983,000											$ 2,983,000
Limoneira Company [Member]
Real Estate Properties [Line Items]
Number of representatives | representative							2
Lewis Group of Companies [Member]
Real Estate Properties [Line Items]
Ownership percentage							50.00%
Equity method investment, aggregate cost											$ 20,000,000			$ 20,000,000
Number of representatives | representative							2
Lewis Group of Companies [Member] | East Area I [Member]
Real Estate Properties [Line Items]
Ownership percentage							50.00%
Equity method investment, aggregate cost							$ 20,000,000						$ 1,200,000
Proceeds from sale of equity method investments							$ 18,000,000	$ 2,000,000					$ 18,800,000
Payments of financing costs						$ 2,100,000

Equity in Investments (Details)

Equity in Investments (Details) - USD ($) $ in Thousands	Jul. 31, 2018	Oct. 31, 2017
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 18,511	$ 14,061
Limoneira Lewis Community Builders, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments	14,216	9,634
Limco Del Mar, Ltd. [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments	2,101	1,968
Rosales [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments	1,679	1,944
Romney Property Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 515	$ 515

Equity in Investments (Textual)

Equity in Investments (Textual) (Details)	Jul. 31, 2018	Oct. 31, 2014	Aug. 14, 2014
Schedule of Equity Method Investments [Line Items]
Ownership percentage	90.00%	35.00%
Limoneira Company [Member]
Schedule of Equity Method Investments [Line Items]
Additional ownership percentage			12.00%

Investment in Calavo Growers,62

Investment in Calavo Growers, Inc. Investment in Calavo Growers, Inc. (Textual) (Details) - USD ($) $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2005	Jul. 31, 2016	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017	Oct. 31, 2015	Oct. 31, 2013	Oct. 31, 2009	Oct. 31, 2014
Debt and Equity Securities, FV-NI [Line Items]
Ownership percentage			90.00%		90.00%					35.00%
Calavo Growers, Inc [Member]
Debt and Equity Securities, FV-NI [Line Items]
Investment owned (in shares)	1,000,000		300,000		300,000
Ownership percentage	6.90%
Payments to acquire available-for-sale securities, equity	$ 10,000
Stock purchased during period (in shares)	1,728,570
Percentage of ownership interest sold	15.10%
Stock issued during period	$ 23,450
Proceeds from payment for stock purchase agreement	$ 13,450
Sale of available for sale securities (in shares)									335,000
Proceeds from available-for-sale securities, equity		$ 4,019							$ 6,079
Equity securities, realized gain (loss)		$ 3,419					$ 5,033	$ 3,138	$ 2,729
Sale of stock (in shares)		60,000					140,000	165,000
Proceeds from sale of available-for-sale securities							$ 6,433	$ 4,788
Available-for-sale securities, change in unrealized holding gain (loss) before taxes			$ (360)	$ 2,535	$ 5,640	$ 4,470
Available-for-sale securities, change in net unrealized holding gain (loss), net of tax			$ 255	$ 1,534	$ 3,987	$ 2,707

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2018	Oct. 31, 2017
Other Assets [Abstract]
Investments in mutual water companies	$ 5,019	$ 4,686
Acquired water and mineral rights	3,829	2,655
Deposit for land purchase	646	645
Deferred lease assets and other	416	448
Note receivable	563	625
Revolving funds and memberships	267	265
Acquired trade names and trademarks, net	2,637	233
Goodwill	1,227	876
Other assets, noncurrent	$ 14,604	$ 10,433

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2018	Oct. 31, 2017
Accounts Payable and Accrued Liabilities, Current [Abstract]
Compensation	$ 2,156	$ 2,367
Property taxes	197	599
Interest	253	327
Deferred income and deposits	473	636
Lease expense	131	137
Lemon supplier payables	643	166
Capital expenditures and other	1,049	945
Accrued liabilities, current	$ 4,902	$ 5,177

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	Jun. 20, 2017	Jul. 31, 2018	May 31, 2018	Oct. 31, 2017
Debt Instrument [Line Items]
Long-term debt, gross		$ 73,987		$ 105,301
Less deferred financing costs, net of accumulated amortization		165		188
Total long-term debt, net		73,822		105,113
Less current portion		3,177		3,030
Long-term debt, less current portion		70,645		102,083
Notes Payable [Member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 1,435		0
Interest rate, stated percentage		5.00%
Notes Payable [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest rate, stated percentage		5.00%
Notes Payable [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest rate, stated percentage		7.00%
Farm Credit West Master Loan [Member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 43,803		74,556
Debt instrument, maturity date		Jul. 1, 2022
Farm Credit West Master Loan [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.60%
Farm Credit West Master Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.35%
Farm Credit West Term Loan One [Member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 2,741		3,155
Debt instrument, maturity date		Nov. 30, 2022
Interest rate, stated percentage		4.45%
Farm Credit West Term Loan Two [Member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 1,133		1,167
Debt instrument, maturity date		Oct. 31, 2035
Interest rate, stated percentage		4.45%
Farm Credit West Term Loan Three [Member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 9,256		9,504
Debt instrument, maturity date		Mar. 31, 2036
Interest rate, stated percentage		4.70%
Farm Credit West Term Loan Four [Member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 6,878		7,083
Debt instrument, maturity date		Mar. 31, 2036
Interest rate, stated percentage		3.62%
Wells Fargo Term Loan [Member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 6,712		7,730
Debt instrument, maturity date		Jan. 31, 2023
Interest rate, stated percentage		3.58%
Banco de Chile term loan [Member]
Debt Instrument [Line Items]
Long-term debt, gross		$ 2,029		$ 2,106
Debt instrument, maturity date		Jan. 31, 2025
Interest rate, stated percentage		6.48%
Revolving Credit Facility [Member] | Farm Credit West Master Loan [Member]
Debt Instrument [Line Items]
LIBOR rate		2.10%
Debt instrument, basis spread on variable rate		1.85%
Non-Revolving Credit Facility [Member] | Farm Credit West Master Loan [Member]
Debt Instrument [Line Items]
Interest rate, stated percentage		4.77%	4.77%

Long-Term Debt (Textual) (Detai

Long-Term Debt (Textual) (Details)

Feb. 28, 2018USD ($)

Feb. 28, 2013USD ($)a

Jun. 20, 2017USD ($)

Jul. 31, 2018USD ($)payment

Jul. 31, 2017USD ($)

Jul. 31, 2018USD ($)payment

Jul. 31, 2017USD ($)

Oct. 31, 2017USD ($)payment

Oct. 31, 2016USD ($)

Oct. 31, 2015USD ($)

Oct. 31, 2014USD ($)

May 31, 2018

Jan. 29, 2018USD ($)

Debt Instrument [Line Items]

Covenant description

The Company is also subject to a covenant that it will maintain a debt service coverage ratio greater than 1.25:1.0 measured annually at October 31

Debt service coverage ratio

1.25

1.25

Payments of debt issuance costs

$ 0

$ 108,000

Purchase of real estate development parcel

1,444,000

0

Interest costs capitalized

$ 688,000

$ 551,000

1,637,000

$ 1,424,000

Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 75,000,000

Farm Credit West Master Loan [Member]

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 115,000,000

$ 115,000,000

$ 115,000,000

Payments of debt issuance costs

$ 108,000

Farm Credit West Master Loan [Member] | Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Maximum borrowing capacity

60,000,000

$ 75,000,000

Debt instrument, basis spread on variable rate

1.85%

Farm Credit West Master Loan [Member] | Non-Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 40,000,000

Interest rate, stated percentage

4.77%

4.77%

4.77%

Prepayment fee percentage

0.50%

Farm Credit West Master Loan [Member] | Minimum [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.60%

Farm Credit West Master Loan [Member] | Maximum [Member]

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

2.35%

Rabobank Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Collateral fees

$ 115,000,000

Commitment fees and issuance costs

$ 45,000

Banco De Chile Term Loan [Member]

Debt Instrument [Line Items]

Interest rate, stated percentage

6.48%

6.48%

Debt Instrument, Number Of Annual Payments | payment

8

8

East Area Two [Member]

Debt Instrument [Line Items]

Debt Instrument, Number Of Annual Payments | payment

4

Area of real estate property | a

7

Purchase of real estate development parcel

$ 75,000

$ 50,000

$ 50,000

$ 50,000

$ 50,000

Real estate investment property, net

$ 3,145,000

Payments to acquire and develop real estate

1,444,000

Notes payable

1,435,000

Purchase price of option payments

275,000

Payments of derivative issuance costs

$ 9,000

Notes payable, term

5 years

East Area Two [Member] | Minimum [Member]

Debt Instrument [Line Items]

Interest rate, stated percentage

5.00%

East Area Two [Member] | Maximum [Member]

Debt Instrument [Line Items]

Interest rate, stated percentage

7.00%

Derivative Instrument and Hed67

Derivative Instrument and Hedging Activities (Details) - Forward Interest Rate Swaps [Member] - USD ($)	Jul. 31, 2018	Oct. 31, 2017	Nov. 30, 2011
Derivative [Line Items]
Notional Amount	$ 0	$ 40,000,000	$ 40,000,000
Fair Value Liability	$ 0	$ 268,000

Derivative Instrument and Hed68

Derivative Instrument and Hedging Activities (Textual) (Details) - Forward Interest Rate Swaps [Member] - USD ($)	Jul. 31, 2018	Oct. 31, 2017	Nov. 30, 2011
Derivative [Line Items]
Fixed interest rate			4.30%
Notional Amount	$ 0	$ 40,000,000	$ 40,000,000

Basic and Diluted Net Income 69

Basic and Diluted Net Income per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Basic net income per common share:
Numerator: Net income for basic EPS	$ 8,066	$ 7,652	$ 23,020	$ 8,810
Denominator: Weighted average common shares–basic (in shares)	15,947,000	14,396,000	14,979,000	14,287,000
Basic net income per common share (in dollars per share)	$ 0.51	$ 0.53	$ 1.54	$ 0.62
Diluted net income per common share:
Numerator: Net income for diluted EPS	$ 8,201	$ 7,777	$ 23,425	$ 8,966
Denominator: Weighted average common shares–basic (in shares)	15,947,000	14,396,000	14,979,000	14,287,000
Effect of dilutive unvested, restricted stock and preferred stock (in shares)	604,000	593,000	599,000	283,000
Weighted average common shares–diluted (in shares)	16,551,000	14,989,000	15,578,000	14,570,000
Diluted net income per common share (in dollars per share)	$ 0.50	$ 0.52	$ 1.50	$ 0.62

Basic and Diluted Net Income 70

Basic and Diluted Net Income per Share (Textual) (Details) - shares shares in Thousands	3 Months Ended	9 Months Ended
	Jul. 31, 2018	Jul. 31, 2018
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	76	81

Related-Party Transactions (Tex

Related-Party Transactions (Textual) (Details)	Feb. 05, 2015USD ($)a	Aug. 14, 2014USD ($)	Dec. 31, 2016USD ($)	Jul. 31, 2018USD ($)ashares	Jul. 31, 2017USD ($)	Jul. 31, 2018USD ($)ashares	Jul. 31, 2017USD ($)	Oct. 31, 2017USD ($)	Apr. 30, 2017a	Feb. 28, 2017	Feb. 24, 2017	Oct. 31, 2016a	Oct. 31, 2014	Apr. 30, 2014shares	Jul. 01, 2013a
Related Party Transaction [Line Items]
Ownership percentage				90.00%		90.00%							35.00%
(Income) loss from equity method investments				$ (123,000)	$ (76,000)	$ (40,000)	$ (9,000)
Payments to acquire equity method investments						3,500,000	7,450,000
Cash distributions from equity investments						$ 175,000	377,000
Limoneira Company [Member]
Related Party Transaction [Line Items]
Ownership percentage				47.00%		47.00%					35.00%
Management [Member]
Related Party Transaction [Line Items]
Operating lease, area of land | a				31		31			31
Rent expense						$ 100,000	15,000
Series B Two Preferred Stock [Member]
Related Party Transaction [Line Items]
Temporary equity, shares issued (in shares) | shares				9,300		9,300								9,300
Oranges [Member] | Fruticola Pan de Azucar S.A. [Member]
Related Party Transaction [Line Items]
Revenue from related parties				$ 456,000	207,000	$ 1,159,000	430,000
Employee [Member]
Related Party Transaction [Line Items]
Rental income				175,000	180,000	530,000	548,000
Mutual Water Companies [Member]
Related Party Transaction [Line Items]
Purchases from related party				211,000	207,000	1,097,000	925,000
Due to related parties				83,000		83,000		$ 141,000
Cooperative Association [Member]
Related Party Transaction [Line Items]
Purchases from related party				396,000	373,000	1,211,000	1,354,000
Due to related parties				78,000		78,000		180,000
Calavo Growers, Inc. [Member]
Related Party Transaction [Line Items]
Rental income				74,000	72,000	219,000	214,000
Purchases from related party						61,000	16,000
Due to related parties				61,000		61,000		163,000
Investment income, dividend						285,000	270,000
Due from related parties				616,000		616,000		0
Calavo Growers, Inc. [Member] | Avocados [Member]
Related Party Transaction [Line Items]
Revenue from related parties				5,643,000	7,490,000	6,578,000	9,519,000
Board Of Directors [Member]
Related Party Transaction [Line Items]
Purchases from related party				329,000	1,135,000	1,715,000	2,111,000
Due to related parties				576,000		576,000		636,000
Cadiz [Member]
Related Party Transaction [Line Items]
Rental income				$ 9,000	30,000	$ 28,000	71,000
Purchases from related party	$ 1,212,000
Operating lease, area of land | a															9,600
Term of contract				20 years		20 years
Additional lease expense gross harvest revenue percentage						20.00%
Rent expense, net				$ 42,000	17,000	$ 128,000	113,000
Cadiz [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Operating lease, area of land | a															320
Lease expense per acre						200
Acres of land | a	200
Cadiz [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Operating lease, area of land | a															960
Lease expense per acre						1,200
Colorado River Growers [Member]
Related Party Transaction [Line Items]
Revenue from related parties				0	0	218,000	303,000
Due from related parties				0		0		209,000
Payments for advance to affiliate				0	0	2,451,000	2,825,000
Yuma Mesa Irrigation And Drainage District [Member]
Related Party Transaction [Line Items]
Purchases from related party						149,000	67,000
Due to related parties				0		0		10,000
Revenue from related parties						0	34,000
Due from related parties				0		0		0
Lease expense per acre			$ 750
Acres of land | a												300
Limco Del Mar Limited [Member]
Related Party Transaction [Line Items]
Due to related parties				1,194,000		1,194,000		912,000
(Income) loss from equity method investments				45,000	107,000	(308,000)	(244,000)
Cash distributions from equity investments				$ 175,000	176,000	$ 175,000	176,000
Limco Del Mar Limited [Member] | General Partner [Member]
Related Party Transaction [Line Items]
Ownership percentage				1.30%		1.30%
Limco Del Mar Limited [Member] | Limited Partner [Member]
Related Party Transaction [Line Items]
Ownership percentage				26.80%		26.80%
Limco Del Mar Limited [Member] | Management, Development, and Accounting Services [Member]
Related Party Transaction [Line Items]
Revenue from related parties				$ 56,000	35,000	$ 151,000	104,000
Rosales [Member]
Related Party Transaction [Line Items]
Ownership percentage		35.00%
(Income) loss from equity method investments				(18,000)	70,000	15,000	24,000
Payments to acquire equity method investments		$ 1,750,000
Amortization of intangible assets				84,000	102,000	253,000	206,000
Cash distributions from equity investments						0	134,000
Rosales [Member] | Limoneira Company [Member]
Related Party Transaction [Line Items]
Additional ownership percentage										12.00%
Rosales [Member] | Lemons [Member]
Related Party Transaction [Line Items]
Purchases from related party						426,000		101,000
Revenue from related parties				86,000	$ 428,000	1,009,000	$ 1,038,000
Fenner Valley Farms, LLC [Member]
Related Party Transaction [Line Items]
Due to related parties				$ 60,000		$ 60,000		$ 61,000

Income Taxes (Textual) (Details

Income Taxes (Textual) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jul. 31, 2018	Jul. 31, 2018
Income Tax Disclosure [Abstract]
Effective blended tax rate		27.50%
Effective income tax rate		(27.80%)
Deferred tax liability	$ 10,000	$ 10,000
Bonus depreciation deduction claim description		Company can deduct 100% of the cost of qualified property. Starting in 2023, the additional bonus depreciation is gradually phased out by 20% each year through 2027
Repatriation of foreign earnings		$ 0

Retirement Plans (Textual) (Det

Retirement Plans (Textual) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Retirement Benefits [Abstract]
Average earnings			5 years
Contributions	$ 150	$ 150	$ 450	$ 575

Retirement Plans (Net Benefit C

Retirement Plans (Net Benefit Costs) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Retirement Benefits [Abstract]
Administrative expenses	$ 64	$ 76	$ 190	$ 228
Interest cost	192	194	577	582
Expected return on plan assets	(267)	(263)	(803)	(789)
Prior service cost	11	11	33	33
Recognized actuarial loss	176	208	526	624
Net periodic benefit cost	$ 176	$ 226	$ 523	$ 678

Other Long-Term Liabilities (De

Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2018	Oct. 31, 2017
Other Liabilities Disclosure [Abstract]
Minimum pension liability	$ 3,405	$ 3,858
Loan guarantee	1,080	0
Deferred gain and other	25	62
Other long-term liabilities	$ 4,510	$ 3,920

Series B and Series B-2 Prefe76

Series B and Series B-2 Preferred Stock (Textual) (Details) $ / shares in Units, $ in Thousands	1 Months Ended	9 Months Ended	12 Months Ended
	Apr. 30, 2014USD ($)$ / sharesshares	Jul. 31, 2018vote$ / sharesshares	Oct. 31, 2017$ / sharesshares	Oct. 31, 2016shares	Oct. 31, 2015shares
Common Stock [Member]
Temporary Equity [Line Items]
Shares issued upon conversion (in shares) | shares			177,624	6,250	6,250
Series B Preferred Stock [Member]
Temporary Equity [Line Items]
Preferred stock, shares issued (in shares) | shares		30,000
Preferred stock, par value per share (in dollars per share) | $ / shares		$ 100
Cumulative cash dividend percentage		8.75%	8.75%
Number of votes | vote		10
Stock redeemed (in shares) | shares		14,790
Conversion price (in dollars per share) | $ / shares		$ 8
Shares converted (in shares) | shares			14,210	500	500
Series B-2 Convertible Preferred Stock [Member]
Temporary Equity [Line Items]
Preferred stock, shares issued (in shares) | shares	9,300	9,300
Preferred stock, par value per share (in dollars per share) | $ / shares	$ 100
Cumulative cash dividend percentage	4.00%	4.00%	4.00%
Number of votes | vote		1
Conversion price (in dollars per share) | $ / shares		$ 15
Proceeds from issuance of preferred stock | $	$ 9,300
Terms of conversion		Each share of the Series B-2 Preferred Stock is convertible into common stock at a conversion price equal to the greater of (a) the then-market price of the Company’s common stock based upon the closing price of the Company’s common stock on the NASDAQ Stock Market, LLC or on such other principal market on which the Company’s common stock may then be trading and (b) $15.00 per share of common stock. Shares of the Series B-2 Preferred Stock may be converted into common stock (i) at any time prior to the redemption thereof, or (ii) in the event the Option Agreement (as defined below) is terminated without all of the shares of Series B-2 Preferred Stock having been redeemed, within 30 calendar days following such termination.
Liquidation preference per share (in dollars per share) | $ / shares		$ 1,000	$ 1,000

Stock-based Compensation (Textu

Stock-based Compensation (Textual) (Details) - USD ($) $ / shares in Units, $ in Thousands

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Jan. 31, 2018

Dec. 31, 2017

Jan. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Jul. 31, 2018

Jan. 31, 2018

Jul. 31, 2017

Jan. 31, 2017

Jul. 31, 2018

Jul. 31, 2017

Oct. 31, 2017

Oct. 31, 2016

Oct. 31, 2015

Class of Stock [Line Items]

Share-based compensation expense

$ 278

$ 208

$ 907

$ 765

Management [Member]

Class of Stock [Line Items]

Shares exchanged for payroll tax (in shares)

17,520

14,773

Fair value of shares exchanged

$ 401

$ 294

Stock Compensation Plan [Member]

Class of Stock [Line Items]

Vesting period

2 years

Stock Compensation Plan [Member] | Management [Member]

Class of Stock [Line Items]

Vesting period

2 years

2 years

2 years

Shares granted (in shares)

41,291

44,688

27,424

Common stock per share (in dollars per share)

$ 22.86

$ 19.92

$ 15.29

Cost from stock compensation

$ 944

$ 890

$ 410

Share-based compensation expense

$ 605

$ 544

$ 130

Stock Compensation Plan [Member] | Executive Officer [Member]

Class of Stock [Line Items]

Vesting period

5 years

Shares granted (in shares)

90,000

Common stock per share (in dollars per share)

$ 22.19

Share-based compensation expense

$ 1,997

Stock Compensation Plan [Member] | Nonemployee Directors [Member]

Class of Stock [Line Items]

Shares granted (in shares)

14,033

18,956

Share-based compensation expense

$ 309

$ 323

Stock-based Compensation (Detai

Stock-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 278	$ 208	$ 907	$ 765
2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)			27,424
Share-based compensation expense	0	36	$ 0	108
2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)			44,688
Share-based compensation expense	24	64	$ 74	192
2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)			41,291
Share-based compensation expense	67	108	$ 203	465
2018 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)			90,000
Share-based compensation expense	$ 187	$ 0	$ 630	$ 0

Public Offering of Common Sto79

Public Offering of Common Stock (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended
	Jun. 30, 2018	Jul. 31, 2018	Oct. 31, 2017
Class of Stock [Line Items]
Common Stock, outstanding (in shares)	17,669,314	17,669,314	14,405,031
Sale of stock, consideration received, gross	$ 69
Underwriting discount	4.5
Other offering expense	0.4
Sale of stock, consideration received	$ 64.1
Common Stock [Member]
Class of Stock [Line Items]
Sale of stock (in shares)	3,136,362
Sale of stock, price per share (in dollars per share)	$ 22
Sale of stock, percentage sold	18.00%

Segment Information (Textual) (

Segment Information (Textual) (Details)	9 Months Ended
	Jul. 31, 2018segment
Segment Reporting [Abstract]
Number of reportable segments	6

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Segment Reporting Information [Line Items]
Total net revenues	$ 39,950	$ 40,395	$ 114,678	$ 105,380
Costs and expenses	26,749	25,594	90,401	84,415
Depreciation and amortization	1,776	1,633	5,210	4,824
Operating income	11,425	13,168	19,067	16,141
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	39,950	40,395	114,678	105,380
Eliminations [Member]
Segment Reporting Information [Line Items]
Total net revenues	(6,340)	(5,731)	(18,416)	(16,677)
Costs and expenses	(6,340)	(5,731)	(18,416)	(16,677)
Depreciation and amortization	0	0	0	0
Operating income	0	0	0	0
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Costs and expenses	3,454	3,174	11,369	10,028
Depreciation and amortization	59	55	160	164
Operating income	(3,513)	(3,229)	(11,529)	(10,192)
Total Agribusiness [Member]
Segment Reporting Information [Line Items]
Total net revenues	38,677	39,050	110,875	101,236
Costs and expenses	22,460	21,635	76,477	71,728
Depreciation and amortization	1,523	1,387	4,466	4,093
Operating income	14,694	16,028	29,932	25,415
Total Agribusiness [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	38,677	39,050	110,875	101,236
Total Agribusiness [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Fresh Lemons [Member]
Segment Reporting Information [Line Items]
Total net revenues	28,457	27,837	83,994	74,551
Costs and expenses	18,872	17,861	64,363	57,435
Depreciation and amortization	0	0	0	0
Operating income	9,585	9,976	19,631	17,116
Fresh Lemons [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	28,457	27,837	83,994	74,551
Fresh Lemons [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Lemon Packing [Member]
Segment Reporting Information [Line Items]
Total net revenues	2,279	2,158	8,120	7,603
Costs and expenses	6,033	5,451	18,927	17,422
Depreciation and amortization	0	0	0	0
Operating income	2,586	2,438	7,609	6,858
Lemon Packing [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	8,619	7,889	26,536	24,280
Lemon Packing [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Total net revenues	6,340	5,731	18,416	16,677
Avocados [Member]
Segment Reporting Information [Line Items]
Total net revenues	5,643	7,490	6,578	9,519
Costs and expenses	1,829	1,705	3,408	3,215
Depreciation and amortization	0	0	0	0
Operating income	3,814	5,785	3,170	6,304
Avocados [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	5,643	7,490	6,578	9,519
Avocados [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Other agribusiness [Member]
Segment Reporting Information [Line Items]
Total net revenues	2,298	1,565	12,183	9,563
Costs and expenses	2,066	2,349	8,195	10,333
Depreciation and amortization	0	0	0	0
Operating income	232	(784)	3,988	(770)
Other agribusiness [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	2,298	1,565	12,183	9,563
Other agribusiness [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Rental Operations [Member]
Segment Reporting Information [Line Items]
Total net revenues	1,273	1,345	3,803	4,144
Costs and expenses	810	738	2,461	2,367
Depreciation and amortization	194	191	584	567
Operating income	269	416	758	1,210
Rental Operations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	1,273	1,345	3,803	4,144
Rental Operations [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Real Estate Development [Member]
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Costs and expenses	25	47	94	292
Depreciation and amortization	0	0	0	0
Operating income	(25)	(47)	(94)	(292)
Real Estate Development [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total net revenues	0	0	0	0
Real Estate Development [Member] | Eliminations [Member]
Segment Reporting Information [Line Items]
Total net revenues	$ 0	$ 0	$ 0	$ 0

Segment Information (Segment Re

Segment Information (Segment Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2018	Jul. 31, 2017	Jul. 31, 2018	Jul. 31, 2017
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	$ 39,950	$ 40,395	$ 114,678	$ 105,380
Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	39,950	40,395	114,678	105,380
Intersegment revenue [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	(6,340)	(5,731)	(18,416)	(16,677)
Lemon revenues [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	30,736	29,995	92,114	82,154
Fresh lemons [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	28,457	27,837	83,994	74,551
Fresh lemons [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	28,457	27,837	83,994	74,551
Fresh lemons [Member] | Intersegment revenue [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	0	0	0	0
Lemon packing [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	2,279	2,158	8,120	7,603
Lemon packing [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	8,619	7,889	26,536	24,280
Lemon packing [Member] | Intersegment revenue [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	6,340	5,731	18,416	16,677
Avocados [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	5,643	7,490	6,578	9,519
Avocados [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	5,643	7,490	6,578	9,519
Avocados [Member] | Intersegment revenue [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	0	0	0	0
Other agribusiness [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	2,298	1,565	12,183	9,563
Other agribusiness [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	2,298	1,565	12,183	9,563
Other agribusiness [Member] | Intersegment revenue [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	0	0	0	0
Agribusiness revenues [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	38,677	39,050	110,875	101,236
Agribusiness revenues [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	38,677	39,050	110,875	101,236
Agribusiness revenues [Member] | Intersegment revenue [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	0	0	0	0
Rental operations revenues [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	1,273	1,345	3,803	4,144
Rental operations revenues [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	1,273	1,345	3,803	4,144
Rental operations revenues [Member] | Intersegment revenue [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	0	0	0	0
Real estate development revenues [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	0	0	0	0
Real estate development revenues [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	0	0	0	0
Real estate development revenues [Member] | Intersegment revenue [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	0	0	0	0
Navel and Valencia oranges [Member] | Other agribusiness [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	1,986	1,118	8,552	6,539
Specialty citrus and other crops [Member] | Other agribusiness [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	312	447	3,631	3,024
Residential And Commercial Rentals [Member] | Rental operations revenues [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	881	906	2,609	2,688
Leased Land [Member] | Rental operations revenues [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	304	372	958	1,114
Organic recycling [Member] | Rental operations revenues [Member] | Operating Segments [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Total net revenues	$ 88	$ 67	$ 236	$ 342