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Related-Party Transactions | 12 Months Ended
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Oct. 31, 2020
Related Party Transactions [Abstract] |
Related-Party Transactions | Related-Party Transactions The Company has transactions with various related-parties as summarized in the tables below (in thousands):
|  |  |  | October 31, 2020 |  | October 31, 2019 |  |
|  |  |  | Balance Sheet |  | Balance Sheet |  |
Ref |  | Related-Party |  | Receivables/Other from Related-Parties |  | Other Assets |  | Payables to Related-Parties |  | Other Long-Term Liabilities |  | Receivables/Other from Related-Parties |  | Other Assets |  | Accounts Payable |  | Payables to Related-Parties |  | Other Long-Term Liabilities |  |
(2) |  |  | Mutual water companies |  | $ | — |  |  | $ | 64 |  |  | $ | 64 |  |  | $ | — |  |  | $ | — |  |  | $ | 473 |  |  | $ | 11 |  |  | $ | — |  |  | $ | — |  |  |
(3) |  |  | Cooperative association |  | $ | — |  |  | $ | — |  |  | $ | 123 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 35 |  |  | $ | — |  |  | $ | — |  |  |
(6) |  |  | Cadiz / Fenner / WAM |  | $ | — |  |  | $ | 1,443 |  |  | $ | 182 |  |  | $ | 1,353 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
(7) |  |  | Colorado River Growers |  | $ | 81 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 376 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
(9) |  |  | FGF |  | $ | 2,213 |  |  | $ | — |  |  | $ | 604 |  |  | $ | — |  |  | $ | 2,609 |  |  | $ | — |  |  | $ | — |  |  | $ | 906 |  |  | $ | — |  |  |
(10) |  |  | LLCB |  | $ | — |  |  | $ | — |  |  | $ | 5,300 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,200 |  |  |
|  |  |  | Year Ended October 31, 2020 |  | Year Ended October 31, 2019 |  |
|  |  |  | Consolidated Statement of Operations |  |  |  | Consolidated Statement of Operations
Ref |  | Related-Party |  | Net Revenue - Agribusiness |  | Net Revenue - Other Operations |  | Agribusiness Expense and Other |  | Other Income, Net |  | Dividends Paid |  | Net Revenue - Agribusiness |  | Net Revenue - Other Operations |  | Agribusiness Expense and Other |  | Other Income, Net |  | Dividends Paid |  |
(1) |  |  | Employees |  | $ | — |  |  | $ | 785 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 744 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
(2) |  |  | Mutual water companies |  | $ | — |  |  | $ | — |  |  | $ | 894 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 838 |  |  | $ | — |  |  | $ | — |  |  |
(3) |  |  | Cooperative association |  | $ | — |  |  | $ | — |  |  | $ | 1,849 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,687 |  |  | $ | — |  |  | $ | — |  |  |
(4) |  |  | Calavo |  | $ | 8,806 |  |  | $ | 330 |  |  | $ | 1,223 |  |  | $ | 220 |  |  | $ | 503 |  |  | $ | 3,080 |  |  | $ | 400 |  |  | $ | 1,096 |  |  | $ | 250 |  |  | $ | 506 |  |  |
(5) |  |  | Third party growers |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 10 |  |  | $ | — |  |  | $ | — |  |  |
(6) |  |  | Cadiz / Fenner / WAM |  | $ | — |  |  | $ | — |  |  | $ | 240 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 186 |  |  | $ | — |  |  | $ | — |  |  |
(7) |  |  | Colorado River Growers |  | $ | 603 |  |  | $ | — |  |  | $ | 6,613 |  |  | $ | — |  |  | $ | — |  |  | $ | 306 |  |  | $ | — |  |  | $ | 5,476 |  |  | $ | — |  |  | $ | — |  |  |
(8) |  |  | YMIDD |  | $ | — |  |  | $ | — |  |  | $ | 139 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 150 |  |  | $ | — |  |  | $ | — |  |  |
(9) |  |  | FGF |  | $ | 10,338 |  |  | $ | — |  |  | $ | 13,478 |  |  | $ | — |  |  | $ | — |  |  | $ | 14,471 |  |  | $ | — |  |  | $ | 10,300 |  |  | $ | — |  |  | $ | — |  |  |
|  |  |  |  |  | Year Ended October 31, 2018 |  |
|  |  |  |  |  |  |  | Consolidated Statement of Operations
Ref |  | Related-Party |  |  |  |  |  |  |  |  |  |  | Net Revenue - Agribusiness |  | Net Revenue - Rental Operations |  | Agribusiness Expense and Other |  | Other Income, Net |  | Dividends Paid |  |
(1) |  |  | Employees |  |  |  |  |  |  |  |  |  |  | $ | — |  |  | $ | 706 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
(2) |  |  | Mutual water companies |  |  |  |  |  |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 1,102 |  |  | $ | — |  |  | $ | — |  |  |
(3) |  |  | Cooperative association |  |  |  |  |  |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 1,869 |  |  | $ | — |  |  | $ | — |  |  |
(4) |  |  | Calavo |  |  |  |  |  |  |  |  |  |  | $ | 6,576 |  |  | $ | 293 |  |  | $ | 367 |  |  | $ | 285 |  |  | $ | 432 |  |  |
(5) |  |  | Third party growers |  |  |  |  |  |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 2,279 |  |  | $ | — |  |  | $ | — |  |  |
(6) |  |  | Cadiz / Fenner / WAM |  |  |  |  |  |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 178 |  |  | $ | — |  |  | $ | — |  |  |
(7) |  |  | Colorado River Growers |  |  |  |  |  |  |  |  |  |  | $ | 374 |  |  | $ | — |  |  | $ | 3,707 |  |  | $ | — |  |  | $ | — |  |  |
(8) |  |  | YMIDD |  |  |  |  |  |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | 213 |  |  | $ | — |  |  | $ | — |  |  |
15. Related-Party Transactions (continued) (1) Employees - The Company rents certain of its residential housing assets to employees on a month-to-month basis and recorded rental income from employees. There were no rental payments due from employees at October 31, 2020 and 2019. (2) Mutual water companies - The Company has representation on the boards of directors of the mutual water companies in which the Company has investments. The Company recorded capital contributions, purchased water and water delivery services and had water payments due to the mutual water companies. Refer to Note 10 - Other Assets. (3) Cooperative association - The Company has representation on the board of directors of a non-profit cooperative association that provides pest control services for the agricultural industry. The Company purchased services and supplies from and had payments due to the cooperative association. (4) Calavo - The Company had an investment in Calavo through March 2020 and has representation on the board of directors and Calavo has an investment in and had representation on the board of directors of the Company through December 2018. The Company recorded dividend income on its investment in Calavo, paid dividends to Calavo and had avocado sales to Calavo. Additionally, the Company leases office space to Calavo, purchases storage services from Calavo and had amounts due to Calavo for those services. (5) Third party growers - A member of the Company’s board of directors markets lemon through the Company. (6) Cadiz / Fenner / WAM - A member of the Company’s board of directors serves as the CEO, President and a member of the board of directors of Cadiz, Inc. In 2013, the Company entered a long-term lease agreement (the “Lease”) with Cadiz Real Estate, LLC (“Cadiz”), a wholly owned subsidiary of Cadiz, Inc., and currently leases 670 acres located in eastern San Bernardino County, California. The annual base rental is equal to the sum of $200 per planted acre and 20% of gross revenues from the sale of harvested lemons (less operating expenses), not to exceed $1,200 per acre per year. In 2016, Cadiz assigned this lease to Fenner Valley Farms, LLC (“Fenner”), a subsidiary of Water Asset Management, LLC (“WAM”). An entity affiliated with WAM is the holder of 9,300 shares of Limoneira Company Series B-2 convertible preferred stock. Upon the adoption of ASC 842, the Company recorded a ROU asset and corresponding lease liability. (7) Colorado River Growers, Inc. (“CRG”) - The Company has representation on the board of directors of CRG, a non-profit cooperative association of fruit growers engaged in the agricultural harvesting business in Yuma County, Arizona. The Company paid harvest expense to CRG, provided harvest management and administrative services to CRG and had a receivable due from CRG for such services. (8) Yuma Mesa Irrigation and Drainage District (“YMIDD”) - The Company has representation on the board of directors of YMIDD. The Company purchased water from YMIDD and had amounts payable to them for such purchases. (9) FGF - The Company advances funds to FGF for fruit purchases that are recorded as an asset until the sales occur and the remaining proceeds become due to FGF. Additionally, FGF provided farming, by-product processing and administrative services to Trapani Fresh. The Company had a payable due to FGF for such fruit purchases and services. (10) LLCB - Refer to Note 7 - Real Estate Development.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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