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Fair value measurements (Tables)
 12 Months Ended
Oct. 31, 2015
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured on Recurring and Non-Recurring Basis

The following table sets forth our financial assets and liabilities as of October 31, 2015 that are measured on a recurring basis during the period, segregated by level within the fair value hierarchy:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Level 1

    

Level 2

    

Level 3

    

Total

 

 

 

(All amounts are presented in thousands)

 

Assets at Fair Value:

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment in Limoneira Company(1)

 

$
27,415

 

 

-

 

 

-

 

$
27,415

 

Total assets at fair value

 

$
27,415

 

$

-

 

$

-

 

$
27,415

 

 

(1)

The investment in Limoneira Company consists of marketable securities in the Limoneira Company stock.  We currently own approximately 12% of Limoneira’s outstanding common stock.  These securities are measured at fair value by quoted market prices.  Limoneira’s stock price at October 31, 2015 and October 31, 2014 equaled $15.86 per share and $25.66 per share.  Unrealized gains and losses are recognized through other comprehensive income.  Unrealized investment holding losses arising during the year ended October 31, 2015 and 2014 was $16.9 million and $1.2 million.  Unrealized investment holding gains arising during the year ended October 31, 2013 was $6.7 million.
Reconciliation of Contingent Consideration

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Balance at

    

 

    

 

    

 

 

    

Balance at

 

 

 

October 31, 

 

 

 

Revalue

 

 

 

 

October 31, 

 

 

 

2013

 

Interest

 

Adjustment

 

Settled

 

2014

 

 

 

(All amounts are presented in thousands)

 

RFG contingent consideration

 

$
15,602

 

 —

 

$
53,611

 

$
(69,213)

 

 —

 

Total

 

$
15,602

 

 —

 

$
53,611

 

$
(69,213)

 

 —