Fair Value Measurements (Tables)

9 Months Ended

Jul. 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 July 31, 2022:
Investment in Limoneira Company⁽¹⁾	$	21,251		—		—	$	21,251
Total assets at fair value	$	21,251		—		—	$	21,251

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 July 31, 2022 and 2021, we recognized gains of $1.2 million and losses of $0.3 million, respectively, on the consolidated condensed statements of operations. For the nine months ended July 31, 2022 and 2021, we recognized losses of $5.8 million and gains of $6.8 million, respectively, on the consolidated condensed statement of operations.