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Leases (Tables) | 12 Months Ended
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Oct. 31, 2023
Leases [Abstract] |
Schedule of Components of the Company’s Operating Lease Portfolio | The following table presents the components of the Company’s operating lease portfolio included in property, plant and equipment, net as of October 31 (in thousands):
| 2023 |  | 2022
Land and land improvements | $ | 12,333 |  |  | $ | 13,619 |
Buildings, equipment and building improvements | 20,729 |  |  | 19,983 |
Orchards | 8,410 |  |  | 8,410 |
Less: accumulated depreciation | (8,931) |  |  | (7,912) |
Property, plant and equipment, net under operating leases | $ | 32,541 |  |  | $ | 34,100 |
Schedule of Rental Operations Revenue | The Company's rental operations revenue consists of the following for the fiscal years ended October 31 (in thousands):
|  |  |  |  | 2023 |  | 2022 |  |
Operating lease revenue |  |  |  |  | $ | 5,174 |  |  | $ | 4,998 |  |  |
Variable lease revenue |  |  |  |  | 346 |  |  | 326 |  |  |
Total lease revenue |  |  |  |  | $ | 5,520 |  |  | $ | 5,324 |  |  |
Schedule of Future Minimum Lease Payments to be Received Related to Net Operating Lease Agreements | The future minimum lease payments to be received by the Company related to these operating lease agreements as of October 31, 2023 are as follows (in thousands):
2024 | $ | 1,252 |
2025 | 1,031 |
2026 | 204 |
2027 | 44 |
2028 | 44 |
Thereafter | 627 |
Total | $ | 3,202 |
Schedule of Operating Lease Costs Related to Leases | Lease costs consist of the following for the fiscal years ended October 31 (in thousands):
| 2023 |  | 2022
Operating lease costs | $ | 2,000 |  |  | $ | 537 |
Finance lease costs: |  |  |
Amortization of lease assets | 145 |  |  | 120 |
Interest on lease liabilities | 32 |  |  | 34 |
Variable lease costs | — |  |  | 242 |
Short-term lease costs | 600 |  |  | 212 |
Total lease costs | $ | 2,777 |  |  | $ | 1,145 |
Schedule of Supplemental Balance Sheet Information Related to Leases | Supplemental balance sheet information related to leases consists of the following as of October 31 (in thousands):
| Classification |  | 2023 |  | 2022
Assets |  |  |  |  |
Operating lease ROU assets | Other assets |  | $ | 3,484 |  |  | $ | 6,190 |
Finance lease assets | Other assets |  | 1,182 |  |  | 1,091 |
|  |  | $ | 4,666 |  |  | $ | 7,281 |
Liabilities |  |  |  |  |
Current operating lease liabilities | Accrued liabilities and payables to related parties |  | $ | 1,831 |  |  | $ | 1,892 |
Current finance lease liabilities | Accrued liabilities |  | 319 |  |  | 268 |
Non-current operating lease liabilities | Other long-term liabilities |  | 1,714 |  |  | 4,347 |
Non-current finance lease liabilities | Other long-term liabilities |  | 602 |  |  | 715 |
|  |  | $ | 4,466 |  |  | $ | 7,222 |
Weighted-average remaining lease term (in years): |  |  |  |
Operating leases |  |  | 1.6 |  | 5.1
Finance leases |  |  | 3.1 |  | 3.9
Weighted-average discount rate: |  |  |  |  |
Operating leases |  |  | 4.9 | % |  | 6.1 | %
Finance leases |  |  | 4.2 | % |  | 3.5 | %
Schedule of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases consists of the following for the fiscal years ended October 31 (in thousands):
| 2023 |  | 2022 |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash outflows from operating leases | $ | 1,931 |  |  | $ | 577 |  |  |
Operating cash outflows from finance leases | $ | 32 |  |  | $ | 35 |  |  |
Financing cash outflows from finance leases | $ | 297 |  |  | $ | 219 |  |  |
ROU assets obtained in exchange for new operating lease liabilities | $ | 138 |  |  | $ | 4,612 |  |  |
Leased assets obtained in exchange for new finance lease liabilities | $ | 235 |  |  | $ | 68 |  |  |
Write off of ROU asset and operating lease liability | $ | (1,206) |  |  | $ | — |  |  |
Future Minimum Lease Payments under Non-Cancellable Leases | Future minimum lease payments under non-cancellable leases are as follows (in thousands), which excludes $870,000 of operating lease payments for leases that have been signed but not commenced:
| Operating |  | Finance |  | Total
2024 | $ | 1,822 |  |  | $ | 319 |  |  | $ | 2,141 |
2025 | 1,815 |  |  | 319 |  |  | 2,134 |
2026 | 114 |  |  | 299 |  |  | 413 |
2027 | 23 |  |  | 46 |  |  | 69 |
Total lease payments | 3,774 |  |  | 983 |  |  | 4,757 |
Less: Imputed interest | (229) |  |  | (62) |  |  | (291) |
Present value of lease liabilities | $ | 3,545 |  |  | $ | 921 |  |  | $ | 4,466 |
Schedule of Future Minimum Lease Payments under Non-Cancellable Leases | Future minimum lease payments under non-cancellable leases are as follows (in thousands), which excludes $870,000 of operating lease payments for leases that have been signed but not commenced:
| Operating |  | Finance |  | Total
2024 | $ | 1,822 |  |  | $ | 319 |  |  | $ | 2,141 |
2025 | 1,815 |  |  | 319 |  |  | 2,134 |
2026 | 114 |  |  | 299 |  |  | 413 |
2027 | 23 |  |  | 46 |  |  | 69 |
Total lease payments | 3,774 |  |  | 983 |  |  | 4,757 |
Less: Imputed interest | (229) |  |  | (62) |  |  | (291) |
Present value of lease liabilities | $ | 3,545 |  |  | $ | 921 |  |  | $ | 4,466 |

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