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Income Taxes (Tables)

12 Months Ended

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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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

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