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Segment Information
6 Months Ended
Apr. 30, 2022
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.” Other agribusiness revenues consisted of oranges of $2,617,000 and $3,490,000 and specialty citrus and other crops of $1,441,000 and $2,317,000 for the three and six months ended April 30, 2022, respectively. Other agribusiness revenues consisted of oranges of $1,404,000 and $2,495,000 and specialty citrus and other crops of $1,175,000 and $3,024,000 for the three and six months ended April 30, 2021, respectively.

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.
18. Segment Information (continued)

Segment information for the three months ended April 30, 2022 (in thousands):

 Fresh
Lemons
Lemon
Packing
Eliminations 
Avocados
Other
Agribusiness
Total
Agribusiness
Corporate
and Other
Total
Revenues from external customers$30,992 $6,743 $— $3,576 $4,058 $45,369 $1,381 $46,750 
Intersegment revenue— 9,373 (9,373)— — — — — 
Total net revenues30,992 16,116 (9,373)3,576 4,058 45,369 1,381 46,750 
Costs and expenses27,222 11,662 (9,373)2,073 3,828 35,412 6,269 41,681 
Depreciation and amortization— — — — — 2,187 296 2,483 
Operating income (loss)$3,770 $4,454 $— $1,503 $230 $7,770 $(5,184)$2,586 

Segment information for the three months ended April 30, 2021 (in thousands):

 Fresh
Lemons
Lemon
Packing
Eliminations 
Avocados
Other
Agribusiness
Total
Agribusiness
Corporate
and Other
Total
Revenues from external customers$32,600 $6,103 $— $2,707 $2,579 $43,989 $1,143 $45,132 
Intersegment revenue— 9,282 (9,282)— — — — — 
Total net revenues32,600 15,385 (9,282)2,707 2,579 43,989 1,143 45,132 
Costs and expenses28,629 10,874 (9,282)1,433 2,503 34,157 6,039 40,196 
Depreciation and amortization— — — — — 2,285 267 2,552 
Operating income (loss)$3,971 $4,511 $— $1,274 $76 $7,547 $(5,163)$2,384 

Segment information for the six months ended April 30, 2022 in thousands):
 Fresh
Lemons
Lemon
Packing
Eliminations 
Avocados
Other
Agribusiness
Total
Agribusiness
Corporate
and Other
Total
Revenues from external customers$60,592 $12,711 $— $4,342 $5,807 $83,452 $2,572 $86,024 
Intersegment revenue— 15,962 (15,962)— — — — — 
Total net revenues60,592 28,673 (15,962)4,342 5,807 83,452 2,572 86,024 
Costs and expenses59,383 22,218 (15,962)2,394 6,438 74,471 13,562 88,033 
Depreciation and amortization— — — — — 4,372 591 4,963 
Operating income (loss)$1,209 $6,455 $— $1,948 $(631)$4,609 $(11,581)$(6,972)

Segment information for the six months ended April 30, 2021 in thousands):
 Fresh
Lemons
Lemon
Packing
Eliminations 
Avocados
Other
Agribusiness
Total
Agribusiness
Corporate
and Other
Total
Revenues from external customers$61,900 $11,000 $— $2,707 $5,519 $81,126 $2,281 $83,407 
Intersegment revenue— 15,967 (15,967)— — — — — 
Total net revenues61,900 26,967 (15,967)2,707 5,519 81,126 2,281 83,407 
Costs and expenses58,136 20,405 (15,967)1,433 4,876 68,883 12,727 81,610 
Depreciation and amortization— — — — — 4,497 556 5,053 
Operating income (loss)$3,764 $6,562 $— $1,274 $643 $7,746 $(11,002)$(3,256)