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Income Taxes (Tables) | 12 Months Ended
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Oct. 31, 2020
Income Tax Disclosure [Abstract] |
Reconciliation of Income before Income Taxes for Domestic and Foreign Locations | A reconciliation of income before income taxes for domestic and foreign locations for the years ended October 31, 2020, 2019 and 2018 are as follows (in thousands):
| 2020 |  | 2019 |  | 2018
United States | $ | (23,195) |  |  | $ | (6,285) |  |  | $ | 13,099 |
Foreign | (3,240) |  |  | (278) |  |  | 384 |
Income before income taxes | $ | (26,435) |  |  | $ | (6,563) |  |  | $ | 13,483 |
Components of the Provisions for Income Taxes | The components of the provisions for income taxes for fiscal years 2020, 2019 and 2018 are as follows (in thousands):
| 2020 |  | 2019 |  | 2018
Current: |  |  |  |  |
Federal | $ | 5,835 |  |  | $ | (7) |  |  | $ | 35 |
State | 332 |  |  | 563 |  |  | (444) |
Foreign | 194 |  |  | (232) |  |  | (169) |
Total current benefit (provision) | 6,361 |  |  | 324 |  |  | (578) |
Deferred: |  |  |  |  |
Federal | 640 |  |  | 998 |  |  | 7,393 |
State | 1,177 |  |  | (302) |  |  | (212) |
Foreign | 316 |  |  | 77 |  |  | 126 |
Total deferred benefit | 2,133 |  |  | 773 |  |  | 7,307 |
Total income tax benefit | $ | 8,494 |  |  | $ | 1,097 |  |  | $ | 6,729 |
Components of Deferred Income Tax Assets and Liabilities | October 31, 2020 and 2019 are as follows (in thousands):
| 2020 |  | 2019
Deferred income tax assets: |  |  |
Reserve and other accruals | $ | 643 |  |  | $ | 823 |
Net operating losses | 4,983 |  |  | 1,112 |
Right-of-use asset | 578 |  |  | — |
Minimum pension liability adjustment | 962 |  |  | 820 |
Amortization | 325 |  |  | 295 |
Interest expense limitation | 306 |  |  | — |
Stock based compensation | 549 |  |  | 554 |
Total deferred income tax assets | 8,346 |  |  | 3,604 |
Valuation allowance | (540) |  |  | (362) |
Total net deferred income tax assets | 7,806 |  |  | 3,242 |
Deferred income tax liabilities: |  |  |
Property taxes | (173) |  |  | (150) |
Depreciation | (16,930) |  |  | (13,630) |
Land and other indefinite life assets | (6,905) |  |  | (6,887) |
Investment in joint ventures and other basis adjustments | (4,097) |  |  | (2,105) |
Right-of-use asset | (557) |  |  | — |
Unrealized net gain on Calavo investment | — |  |  | (4,142) |
Other | (1,241) |  |  | (674) |
Total deferred income tax liabilities | (29,903) |  |  | (27,588) |
Net deferred income tax liabilities | $ | (22,097) |  |  | $ | (24,346) |
Deferred income taxes — noncurrent assets | $ | 333 |  |  | $ | — |
Deferred income taxes — noncurrent liabilities | $ | (22,430) |  |  | $ | (24,346) |
Summary of Net Operating Loss Carryforwards | The net operating losses begin to expire as follows (in thousands):
Jurisdiction |  | Gross Amount |  | Begin to Expire
Federal |  | 12,161 |  |  | Indefinite
State |  | 15,190 |  |  | 10/31/2039
Chile |  | 3,662 |  |  | Indefinite
Argentina |  | 1,684 |  |  | 10/31/2025
Reconciliation of Income Tax Provision from that Computed Using the Federal Statutory Rate |
| 2020 |  | 2019 |  | 2018
| Amount |  | % |  | Amount |  | % |  | Amount |  | %
Provision at statutory rates | $ | 5,551 |  |  | (21.0) | % |  | $ | 1,351 |  |  | (21.0) | % |  | $ | (3,125) |  |  | (23.3) | %
State income tax, net of federal benefit | 1,431 |  |  | (5.4) | % |  | 316 |  |  | (4.9) | % |  | (768) |  |  | (5.7) | %
Dividend exclusion | 27 |  |  | (0.1) | % |  | 28 |  |  | (0.4) | % |  | 49 |  |  | 0.4 | %
Meals and entertainment | (18) |  |  | 0.1 | % |  | (90) |  |  | 1.4 | % |  | — |  |  | — |
Transaction costs | — |  |  | — |  |  | (137) |  |  | 2.1 | % |  | — |  |  | — |
Tax law change | 1,948 |  |  | (7.4) | % |  | — |  |  | — |  |  | 10,295 |  |  | 76.4 | %
State rate adjustment | (82) |  |  | 0.3 | % |  | (109) |  |  | 1.7 | % |  | — |  |  | — |
Valuation allowance | (168) |  |  | 0.6 | % |  | (393) |  |  | 6.1 | % |  | — |  |  | — |
Noncontrolling interest | (305) |  |  | 1.1 | % |  | 116 |  |  | (1.8) | % |  | — |  |  | — |
Other permanent items | 110 |  |  | (0.4) | % |  | 15 |  |  | (0.3) | % |  | 278 |  |  | 2.1 | %
Total income tax benefit | $ | 8,494 |  |  | (32.2) | % |  | $ | 1,097 |  |  | (17.1) | % |  | $ | 6,729 |  |  | 49.9 | %

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