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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Jul. 31, 2022
Jul. 31, 2021
Net revenues:        
Agribusiness $ 57,594 $ 47,954 $ 141,046 $ 129,080
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Agribusiness Agribusiness Agribusiness Agribusiness
Other operations $ 1,329 $ 1,171 $ 3,901 $ 3,452
Total net revenues 58,923 49,125 144,947 132,532
Costs and expenses:        
Agribusiness $ 41,463 $ 40,691 $ 120,306 $ 114,071
Cost, Product and Service [Extensible List] Agribusiness Agribusiness Agribusiness Agribusiness
Other operations $ 1,127 $ 1,017 $ 3,294 $ 3,189
Loss on disposal of assets, net 242 0 503 0
Selling, general and administrative 5,031 4,043 16,756 15,154
Total costs and expenses 47,863 45,751 140,859 132,414
Operating income 11,060 3,374 4,088 118
Other (expense) income:        
Interest income 6 211 54 279
Interest expense, net of patronage dividends (772) (574) (1,253) (1,062)
Equity in earnings of investments, net 331 1,462 681 2,471
Other income, net 13 32 106 83
Total other (expense) income (422) 1,131 (412) 1,771
Income before income tax provision 10,638 4,505 3,676 1,889
Income tax provision (3,313) (1,335) (1,385) (1,122)
Net income 7,325 3,170 2,291 767
Net loss attributable to noncontrolling interest 52 535 129 663
Net income attributable to Limoneira Company 7,377 3,705 2,420 1,430
Preferred dividends (125) (125) (376) (376)
Net income applicable to common stock $ 7,252 $ 3,580 $ 2,044 $ 1,054
Basic net income per common share (in dollars per share) $ 0.41 $ 0.20 $ 0.11 $ 0.06
Diluted net income per common share (in dollars per share) $ 0.40 $ 0.20 $ 0.11 $ 0.06
Weighted-average common shares outstanding-basic (in shares) 17,529,000 17,461,000 17,481,000 17,439,000
Weighted-average common shares outstanding-diluted (in shares) 18,334,000 18,243,000 17,481,000 17,439,000