Fair Value Measurements (Tables)

3 Months Ended

Jan. 31, 2021

Financial Assets Measured on a Recurring Basis


	Level 1		Level 2		Level 3		Total

	(All amounts are presented in thousands)
Assets at Fair Value at January 31, 2021:
Investment in Limoneira Company⁽¹⁾	$	26,786		-		-	$	26,786
Total assets at fair value	$	26,786		-		-	$	26,786

Assets at Fair Value at October 31, 2020:
Investment in Limoneira Company⁽¹⁾	$	23,197		-		-	$	23,197
Total assets at fair value	$	23,197		-		-	$	23,197

(1) The investment in Limoneira Company consists of marketable securities in the Limoneira Company common stock. We currently own approximately 9% of Limoneira’s outstanding common stock. These securities are measured at fair value using quoted market prices. For the three months ended January 31, 2021 and 2020, we recognized gains of $3.6 million and losses of $1.0 million on the consolidated condensed statement of operations.