Fair Value Measurements (Tables)

3 Months Ended

Jan. 31, 2022

Financial assets measured on recurring basis


	Level 1		Level 2		Level 3		Total

	(All amounts are presented in thousands)
Assets at Fair Value at January 31, 2022:
Investment in Limoneira Company⁽¹⁾	$	24,925		-		-	$	24,925
Total assets at fair value	$	24,925		-		-	$	24,925

Assets at Fair Value at October 31, 2021:
Investment in Limoneira Company⁽¹⁾	$	27,055		-		-	$	27,055
Total assets at fair value	$	27,055		-		-	$	27,055

(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, 2022 and 2021, we recognized losses of $2.1 million and gains of $3.6 million on the consolidated condensed statement of operations.