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Leases | 3 Months Ended
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Jan. 31, 2021
Leases [Abstract] |
Leases | Leases Lessor Arrangements The Company enters into leasing transactions in which it rents certain of its assets and the Company is the lessor. These lease contracts are typically classified as operating leases with remaining terms ranging from one month to 22 years, with various renewal terms available. All of the residential rentals have month to month lease terms. The Company’s rental operations revenue consists of the following (in thousands):
| Three Months Ended January 31,
| 2021 |  | 2020
Operating lease revenue | $ | 1,059 |  |  | $ | 1,096 |
Variable lease revenue | 79 |  |  | 77 |
Total lease revenue | $ | 1,138 |  |  | $ | 1,173 |
Lessee Arrangements The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are typically classified as operating leases. The Company’s lease contracts are generally for agricultural land and packinghouse equipment with remaining lease terms ranging from one to 17 years, with various term extensions available. The Company’s lease agreements do not contain any residual value guarantees or material restrictive covenants. Leases with an initial term of 12 months or less are not recorded on the balance sheet and the Company recognizes lease expense for these leases on a straight-line basis over the lease term. As of January 31, 2021, there were no material finance leases for which the Company was a lessee. Operating lease costs were $142,000 and $137,000 for the three months ended January 31, 2021 and 2020, respectively, which are primarily included in agribusiness costs and expenses in the Company’s consolidated statements of operations. Variable and short term lease costs were immaterial. 11. Leases (continued) Lessee Arrangements (continued) Supplemental balance sheet information related to leases consists of the following (in thousands):
| Classification |  | January 31, 2021 |  | October 31, 2020
Assets |  |  |  |  |
Operating lease ROU assets | Other assets |  | $ | 2,203 |  |  | $ | 2,053 |
Liabilities and Stockholders' Equity |  |  |  |  |
Current operating lease liabilities | Accrued liabilities |  | 529 |  |  | 521 |
Non-current operating lease liabilities | Other long-term liabilities |  | 1,705 |  |  | 1,610 |
Total operating lease liabilities |  |  | $ | 2,234 |  |  | $ | 2,131 |
Supplemental cash flow information related to leases consists of the following (in thousands):
| Three Months Ended January 31,
| 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash outflows from operating leases | $ | 189 |  |  | $ | 184 |
ROU assets obtained in exchange for new operating lease liabilities | $ | 271 |  |  | $ | — |
Leases | Leases Lessor Arrangements The Company enters into leasing transactions in which it rents certain of its assets and the Company is the lessor. These lease contracts are typically classified as operating leases with remaining terms ranging from one month to 22 years, with various renewal terms available. All of the residential rentals have month to month lease terms. The Company’s rental operations revenue consists of the following (in thousands):
| Three Months Ended January 31,
| 2021 |  | 2020
Operating lease revenue | $ | 1,059 |  |  | $ | 1,096 |
Variable lease revenue | 79 |  |  | 77 |
Total lease revenue | $ | 1,138 |  |  | $ | 1,173 |
Lessee Arrangements The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are typically classified as operating leases. The Company’s lease contracts are generally for agricultural land and packinghouse equipment with remaining lease terms ranging from one to 17 years, with various term extensions available. The Company’s lease agreements do not contain any residual value guarantees or material restrictive covenants. Leases with an initial term of 12 months or less are not recorded on the balance sheet and the Company recognizes lease expense for these leases on a straight-line basis over the lease term. As of January 31, 2021, there were no material finance leases for which the Company was a lessee. Operating lease costs were $142,000 and $137,000 for the three months ended January 31, 2021 and 2020, respectively, which are primarily included in agribusiness costs and expenses in the Company’s consolidated statements of operations. Variable and short term lease costs were immaterial. 11. Leases (continued) Lessee Arrangements (continued) Supplemental balance sheet information related to leases consists of the following (in thousands):
| Classification |  | January 31, 2021 |  | October 31, 2020
Assets |  |  |  |  |
Operating lease ROU assets | Other assets |  | $ | 2,203 |  |  | $ | 2,053 |
Liabilities and Stockholders' Equity |  |  |  |  |
Current operating lease liabilities | Accrued liabilities |  | 529 |  |  | 521 |
Non-current operating lease liabilities | Other long-term liabilities |  | 1,705 |  |  | 1,610 |
Total operating lease liabilities |  |  | $ | 2,234 |  |  | $ | 2,131 |
Supplemental cash flow information related to leases consists of the following (in thousands):
| Three Months Ended January 31,
| 2021 |  | 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash outflows from operating leases | $ | 189 |  |  | $ | 184 |
ROU assets obtained in exchange for new operating lease liabilities | $ | 271 |  |  | $ | — |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph Note 1 -URI http://asc.fasb.org/extlink&oid=121580752&loc=d3e38371-112697 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph Note 3 -URI http://asc.fasb.org/extlink&oid=121580752&loc=d3e38371-112697 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=77888252 + Details
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