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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2018
Operating activities      
Net (loss) income $ (17,941) $ (5,466) $ 20,212
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Depreciation and amortization 10,097 8,633 7,275
Impairment of real estate development assets 0 0 1,558
Loss (gain) on sale and disposals of property assets 502 (1,069) 153
Stock compensation expense 2,044 1,791 1,368
Non-cash lease expense 470 0 0
Equity in earnings of investments (339) (3,073) (583)
Cash distributions from equity investments 0 351 526
Deferred income taxes (2,133) (773) (7,307)
Loss (gain) on stock in Calavo Growers, Inc. 6,299 2,117 (4,223)
Other, net 671 (393) (64)
Changes in operating assets and liabilities, net of business combinations:      
Account receivable and receivables/other from related parties (309) (4,012) (3,235)
Cultural costs 359 1,447 (746)
Prepaid expenses and other current assets (44) (2,548) 99
Income taxes receivable (4,932) (601) 192
Other assets 411 (7) (134)
Accounts payable and growers payable (5,545) 3,392 707
Accrued liabilities and payables to related parties (685) 1,459 2,601
Other long-term liabilities (242) 117 (2)
Net cash (used in) provided by operating activities (11,317) 1,365 18,397
Investing activities      
Capital expenditures (10,599) (15,867) (13,873)
Purchase of real estate development parcel 0 0 (1,444)
Net proceeds from sales of property assets 6,261 3,978 0
Net proceeds from sales of real estate development assets 0 2,886 1,543
Agriculture property acquisitions 0 (397) (13,111)
Business combinations 0 (15,000) (25,000)
Net proceeds from sale of stock in Calavo Growers, Inc. 11,048 4,785 4,721
Loan to Limoneira Lewis Community Builders, LLC (1,800) 0 0
Collections on loan and note receivable 1,800 150 200
Equity investment contributions (2,800) (4,000) (3,500)
Cash distribution from equity investment 0 283 0
Investments in mutual water companies and water rights (64) (472) (343)
Net cash provided by (used in) investing activities 3,846 (23,654) (50,807)
Financing activities      
Borrowings of long-term debt 121,056 122,899 167,356
Repayments of long-term debt (104,066) (93,994) (193,723)
Dividends paid - common (5,356) (5,331) (4,025)
Dividends paid - preferred (501) (501) (501)
Exchange of common stock (213) (605) (656)
Purchase of treasury stock (3,493) 0 0
Issuance of common stock 0 0 64,097
Payments of deferred financing costs (66) (35) 0
Net cash provided by financing activities 7,361 22,433 32,548
Effect of exchange rate changes on cash (5) (137) (21)
Net increase in cash (115) 7 117
Cash at beginning of year 616 609 492
Cash at end of year 501 616 609
Supplemental disclosures of cash flow information      
Net cash paid during the year for interest, net of amounts capitalized 1,865 2,532 1,585
Cash paid during the year for income taxes, net of (refunds received) (1,235) 130 210
Non-cash investing and financing activities:      
Unrealized holding gain on Calavo investment 0 0 (6,765)
Decrease in real estate development and sale-leaseback deferral 0 (58,330) 27,934
Increase in equity in investments and other long-term liabilities 0 0 1,080
Non-cash receipt of note receivable 0 0 3,000
Non-cash reduction of note receivable 0 89 79
Capital expenditures accrued but not paid at year-end 4,269 1,333 399
Non-cash issuance of notes payable $ 0 $ 0 $ 1,435