XML 47 R32.htm IDEA: XBRL DOCUMENT v3.21.4
Segment Information
 12 Months Ended
Oct. 31, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company operates in four reportable operating segments: fresh lemons, lemon packing, avocados and other agribusiness. The reportable operating segments of the Company are strategic business units with different products and services, distribution processes and customer bases. The fresh lemons segment includes sales, farming and harvesting expenses and third-party grower and supplier costs relative to fresh lemons. The lemon packing segment includes packing revenues and shipping and handling revenues relative to lemon packing. The lemon packing segment expenses are comprised of lemon packing costs. The lemon packing segment revenues include intersegment revenues between fresh lemons and lemon packing. The intersegment revenues are included gross in the segment note and a separate line item is shown as an elimination. The avocados segment includes sales, farming and harvest costs. The other agribusiness segment includes sales, farming and harvest costs of oranges, specialty citrus and other crops. Revenues related to rental operations are included in “Corporate and Other.”
The Company does not separately allocate depreciation and amortization to its fresh lemons, lemon packing, avocados and other agribusiness segments. No asset information is provided for reportable operating segments, as these specified amounts are not included in the measure of segment profit or loss reviewed by the Company’s chief operating decision maker. The Company measures operating performance, including revenues and operating income, of its operating segments and allocates resources based on its evaluation. The Company does not allocate selling, general and administrative expense, total other income (expense) and income taxes, or specifically identify them to its operating segments. The Company earns packing revenue for packing lemons grown on its orchards and lemons procured from third-party growers and suppliers. Intersegment revenues represent packing revenues related to lemons grown on the Company’s orchards.
Segment information for fiscal year 2021 (in thousands):
 Fresh
Lemons		Lemon
Packing		EliminationsAvocadosOther
Agribusiness		Total
Agribusiness		Corporate
and Other		Total
Revenues from external customers$125,448 $17,514 $— $6,784 $11,635 $161,381 $4,646 $166,027 
Intersegment revenue— 25,637 (25,637)— — — — — 
Total net revenues125,448 43,151 (25,637)6,784 11,635 161,381 4,646 166,027 
Costs and expenses116,117 36,018 (25,637)4,211 9,157 139,866 22,682 162,548 
Depreciation and amortization— — — — — 8,626 1,186 9,812 
Operating income (loss)$9,331 $7,133 $— $2,573 $2,478 $12,889 $(19,222)$(6,333)
Segment information for fiscal year 2020 (in thousands):
 Fresh
Lemons		Lemon
Packing		EliminationsAvocadosOther
Agribusiness		Total
Agribusiness		Corporate
and Other		Total
Revenues from external customers$124,150 $13,413 $— $8,806 $13,568 $159,937 $4,622 $164,559 
Intersegment revenue— 36,820 (36,820)— — — — — 
Total net revenues124,150 50,233 (36,820)8,806 13,568 159,937 4,622 164,559 
Costs and expenses125,305 42,563 (36,820)5,168 12,122 148,338 25,132 173,470 
Depreciation and amortization— — — — — 8,943 1,154 10,097 
Operating (loss) income$(1,155)$7,670 $— $3,638 $1,446 $2,656 $(21,664)$(19,008)
22. Segment Information (continued)
Segment information for fiscal year 2019 (in thousands):
 Fresh
Lemons		Lemon
Packing		EliminationsAvocadosOther
Agribusiness		Total
Agribusiness		Corporate
and Other		Total
Revenues from external customers$134,342 $15,629 $— $5,391 $11,187 $166,549 $4,849 $171,398 
Intersegment revenue— 30,073 (30,073)— — — — — 
Total net revenues134,342 45,702 (30,073)5,391 11,187 166,549 4,849 171,398 
Costs and expenses120,998 37,639 (30,073)3,150 13,035 144,749 23,530 168,279 
Depreciation and amortization— — — — — 7,623 1,010 8,633 
Operating income (loss)$13,344 $8,063 $— $2,241 $(1,848)$14,177 $(19,691)$(5,514)
The following is a detail of other agribusiness revenues for fiscal years 2021, 2020 and 2019 (in thousands):
 Year Ended October 31,
 202120202019
Oranges$4,382 $7,722 $6,022 
Specialty citrus and other crops7,253 5,846 5,165 
Other agribusiness revenues$11,635 $13,568 $11,187