Segment Information

The Company operates in four reportable operating segments: fresh lemons, lemon packing, avocados and other agribusiness. The Company’s operating segments of rental operations and real estate development are no longer disclosed as separate reportable operating segments and are included in the “Corporate and Other” category in the tables below as they do not meet the quantitative threshold and from a qualitative perspective are not a core focus of the Company's main agribusiness activities. Prior years’ information has been restated to conform to the current year’s presentation. The reportable operating segments of the Company are strategic business units with different products and services, distribution processes and customer bases. The fresh lemons segment includes sales, farming and harvesting expenses and third-party grower costs relative to fresh lemons. The lemon packing segment includes packing revenues and shipping and handling revenues relative to lemon packing. The lemon packing segment expenses are comprised of lemon packing costs. The lemon packing segment revenues include intersegment revenues between fresh lemons and lemon packing. The intersegment revenues are included gross in the segment note and a separate line item is shown as an elimination. The avocados segment includes sales, farming and harvest costs. The other agribusiness segment includes sales, farming and harvest costs of oranges, specialty citrus and other crops. Revenues related to rental operations are included in “Corporate and Other”. Other agribusiness revenues consist of oranges of $2,272,000 and specialty citrus and other crops of $1,892,000 for the three months ended January 31, 2020 and oranges of $946,000 and specialty citrus and other crops of $1,255,000 for the three months ended January 31, 2019.

20. Segment Information (continued)

The Company does not separately allocate depreciation and amortization to its fresh lemons, lemon packing, avocados and other agribusiness segments. No asset information is provided for reportable operating segments, as these specified amounts are not included in the measure of segment profit or loss reviewed by the Company’s chief operating decision maker. The Company measures operating performance, including revenues and operating income, of its operating segments and allocates resources based on its evaluation. The Company does not allocate selling, general and administrative expense, other income, interest expense and income taxes, or specifically identify them to its operating segments. The Company earns packing revenue for packing lemons grown on its orchards and lemons procured from third-party growers. Intersegment revenues represent packing revenues related to lemons grown on the Company’s orchards.

Segment information for the three months ended January 31, 2020 (in thousands):



	Fresh Lemons			Lemon Packing		Eliminations			Avocados			Other Agribusiness		Total Agribusiness			Corporate and Other			Total
Revenues from external customers	$	32,057		$	4,094	$	—		$	168		$	4,164	$	40,483		$	1,173		$	41,656
Intersegment revenue	—			7,105		(7,105		)	—			—		—			—			—
Total net revenues	32,057			11,199		(7,105		)	168			4,164		40,483			1,173			41,656
Costs and expenses	34,351			8,609		(7,105		)	473			3,931		40,259			7,298			47,557
Depreciation and amortization	—			—		—			—			—		2,284			281			2,565
Operating income (loss)	$	(2,294	)	$	2,590	$	—		$	(305	)	$	233	$	(2,060	)	$	(6,406	)	$	(8,466	)

Segment information for the three months ended January 31, 2019 (in thousands):



	Fresh Lemons		Lemon Packing		Eliminations			Avocados			Other Agribusiness			Total Agribusiness		Corporate and Other			Total
Revenues from external customers	$	34,493	$	4,103	$	—		$	3		$	2,201		$	40,800	$	1,218		$	42,018
Intersegment revenue	—		7,044		(7,044		)	—			—			—		—			—
Total net revenues	34,493		11,147		(7,044		)	3			2,201			40,800		1,218			42,018
Costs and expenses	32,082		8,784		(7,044		)	716			2,510			37,048		5,864			42,912
Depreciation and amortization	—		—		—			—			—			1,868		258			2,126
Operating income (loss)	$	2,411	$	2,363	$	—		$	(713	)	$	(309	)	$	1,884	$	(4,904	)	$	(3,020	)