Fair Value Measurements (Tables)

6 Months Ended

Apr. 30, 2020

Financial Assets Measured on a Recurring Basis


	Level 1		Level 2		Level 3		Total
	(All amounts are presented in thousands)
Assets at Fair Value:
Investment in Limoneira Company⁽¹⁾	$	22,392		-		-	$	22,392
Total assets at fair value	$	22,392		-		-	$	22,392

(1) The investment in Limoneira Company consists of marketable securities in the Limoneira Company common stock. We currently own less than 10% of Limoneira’s outstanding common stock. These securities are measured at fair value using quoted market prices. For the three months ended April 30, 2020 and 2019, we recognized losses of $10.3 million and gains of $1.4 million on the consolidated condensed statement of income. For the six months ended April 30, 2020 and 2019, we recognized losses of $9.3 million and $3.1 million on the consolidated condensed statement of income.