XML 66 R45.htm IDEA: XBRL DOCUMENT
v3.22.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Oct. 31, 2022
Income Tax Disclosure [Abstract] |
Summary of Reconciliation of Income before Income Taxes for Domestic and Foreign Locations | A reconciliation of income (loss) before income taxes for domestic and foreign locations for the years ended October 31, 2022, 2021 and 2020 are as follows (in thousands):
| 2022 |  | 2021 |  | 2020
United States | $ | 1,911 |  |  | $ | (1,459) |  |  | $ | (23,195) |
Foreign | (1,562) |  |  | (2,704) |  |  | (3,240) |
Income (loss) before income taxes | $ | 349 |  |  | $ | (4,163) |  |  | $ | (26,435) |
Summary of Components of the Provisions for Income Taxes | The components of the provisions for income taxes for fiscal years 2022, 2021 and 2020 are as follows (in thousands):
| 2022 |  | 2021 |  | 2020
Current: |  |  |  |  |
Federal | $ | (178) |  |  | $ | 37 |  |  | $ | 5,835 |
State | (93) |  |  | 40 |  |  | 332 |
Foreign | (4) |  |  | — |  |  | 194 |
Total current (provision) benefit | (275) |  |  | 77 |  |  | 6,361 |
Deferred: |  |  |  |  |
Federal | (477) |  |  | (17) |  |  | 640 |
State | (127) |  |  | 127 |  |  | 1,177 |
Foreign | 56 |  |  | 79 |  |  | 316 |
Total deferred (provision) benefit | (548) |  |  | 189 |  |  | 2,133 |
Total income tax (provision) benefit | $ | (823) |  |  | $ | 266 |  |  | $ | 8,494 |
Summary of Components of Deferred Income Tax Assets and Liabilities | The components of deferred income tax assets at October 31, 2022 and 2021 are as follows (in thousands):
| 2022 |  | 2021
Deferred income tax assets: |  |  |
Reserve and other accruals | $ | 752 |  |  | $ | 646 |
Net operating losses | 5,917 |  |  | 6,312 |
Right-of-use asset | 1,672 |  |  | 531 |
Minimum pension liability adjustment | 621 |  |  | 231 |
Other assets | 151 |  |  | 240 |
Interest expense limitation | — |  |  | 2 |
Stock-based compensation | 604 |  |  | 493 |
Total deferred income tax assets | 9,717 |  |  | 8,455 |
Valuation allowance | (1,536) |  |  | (1,324) |
Total net deferred income tax assets | 8,181 |  |  | 7,131 |
Deferred income tax liabilities: |  |  |
Property taxes | (135) |  |  | (161) |
Depreciation | (18,343) |  |  | (18,665) |
Amortization | (175) |  |  | (242) |
Land and other indefinite life assets | (6,592) |  |  | (6,581) |
Investment in joint ventures and other basis adjustments | (4,449) |  |  | (3,510) |
Right-of-use asset | (1,660) |  |  | (510) |
Prepaids and receivables | (298) |  |  | (260) |
Other | (26) |  |  | (55) |
Total deferred income tax liabilities | (31,678) |  |  | (29,984) |
Net deferred income tax liabilities | $ | (23,497) |  |  | $ | (22,853) |
Deferred income taxes — noncurrent assets | $ | — |  |  | $ | — |
Deferred income taxes — noncurrent liabilities | $ | (23,497) |  |  | $ | (22,853) |
Summary of Net Operating Loss Carryforwards | The net operating losses begin to expire as follows (in thousands):
Jurisdiction |  | Gross Amount |  | Begin to Expire
Federal |  | 14,959 |  |  | Indefinite
State |  | 23,027 |  |  | 10/31/2039
Chile |  | 2,874 |  |  | Indefinite
Holland |  | 108 |  |  | 10/31/2025
Argentina |  | 1,670 |  |  | 10/31/2025
Summary of Reconciliation of Income Tax Provision from that Computed Using the Federal Statutory Rate |
| 2022 |  | 2021 |  | 2020
| Amount |  | % |  | Amount |  | % |  | Amount |  | %
Provision at statutory rates | $ | (73) |  |  | (21.0) | % |  | $ | 874 |  |  | (21.0) | % |  | $ | 5,551 |  |  | (21.0) | %
State income tax, net of federal benefit | (74) |  |  | (21.1) | % |  | 224 |  |  | (5.4) | % |  | 1,431 |  |  | (5.4) | %
Dividend exclusion | — |  |  | — | % |  | — |  |  | — | % |  | 27 |  |  | (0.1) | %
Meals and entertainment | — |  |  | — | % |  | — |  |  | — | % |  | (18) |  |  | 0.1 | %
Shared-based compensation | (110) |  |  | (31.2) | % |  | (217) |  |  | 5.2 | % |  | — |  |  | — | %
Executive compensation | (98) |  |  | (27.9) | % |  | (45) |  |  | 1.1 | % |  | — |  |  | — | %
Tax law change | — |  |  | — | % |  | 57 |  |  | (1.4) | % |  | 1,948 |  |  | (7.4) | %
State rate adjustment | (59) |  |  | (16.9) | % |  | (78) |  |  | 1.9 | % |  | (82) |  |  | 0.3 | %
Valuation allowance | (357) |  |  | (101.8) | % |  | (831) |  |  | 20.0 | % |  | (168) |  |  | 0.6 | %
Foreign rate differential | 74 |  |  | 21.1 | % |  | 130 |  |  | (3.1) | % |  | — |  |  | — | %
Noncontrolling interest | (41) |  |  | (11.8) | % |  | (83) |  |  | 2.0 | % |  | (305) |  |  | 1.1 | %
Other permanent items | (12) |  |  | (3.5) | % |  | 235 |  |  | (5.7) | % |  | 110 |  |  | (0.4) | %
Tax credit and others | (73) |  |  | (20.7) | % |  | — |  |  | — | % |  | — |  |  | — | %
Total income tax (provision) benefit | $ | (823) |  |  | (234.8) | % |  | $ | 266 |  |  | (6.4) | % |  | $ | 8,494 |  |  | (32.2) | %

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32559-109319 + Details
Name: | us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration