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Segment Information
12 Months Ended
Oct. 31, 2023
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 harvest costs 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, farm management, farming and harvest costs and brokered fruit costs of oranges, specialty citrus and other crops.
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, gain or loss on disposal of assets, gain on legal settlement, total other income (expense) and income taxes, or specifically identify them to its operating segments. The lemon packing segment earns packing revenue for packing lemons grown on its orchards and lemons procured from third-party growers. Intersegment revenues represent packing revenues related to lemons grown on the Company’s orchards.
Segment Information (continued)
Segment information for fiscal year 2023 is as follows (in thousands):
 Fresh
Lemons
Lemon
Packing
Eliminations
Avocados
Other
Agribusiness
Total
Agribusiness
Corporate
and Other
Total
Revenues from external customers$121,537 $20,573 $— $7,046 $25,225 $174,381 $5,520 $179,901 
Intersegment revenue— 31,081 (31,081)— — — — — 
Total net revenues121,537 51,654 (31,081)7,046 25,225 174,381 5,520 179,901 
Costs and expenses (gains)120,494 45,689 (31,081)4,034 22,710 161,846 (1,304)160,542 
Depreciation and amortization— — — — — 7,323 1,253 8,576 
Operating income $1,043 $5,965 $— $3,012 $2,515 $5,212 $5,571 $10,783 
Segment information for fiscal year 2022 is as follows (in thousands):
 Fresh
Lemons
Lemon
Packing
Eliminations
Avocados
Other
Agribusiness
Total
Agribusiness
Corporate
and Other
Total
Revenues from external customers$120,885 $22,176 $— $17,331 $18,889 $179,281 $5,324 $184,605 
Intersegment revenue— 29,817 (29,817)— — — — — 
Total net revenues120,885 51,993 (29,817)17,331 18,889 179,281 5,324 184,605 
Costs and expenses115,119 43,017 (29,817)5,524 18,204 152,047 20,559 172,606 
Depreciation and amortization— — — — — 8,604 1,194 9,798 
Operating income (loss)$5,766 $8,976 $— $11,807 $685 $18,630 $(16,429)$2,201 
Segment information for fiscal year 2021 is as follows (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 (loss) income$9,331 $7,133 $— $2,573 $2,478 $12,889 $(19,222)$(6,333)
Revenues related to rental operations are included in “Corporate and Other.” The detail of other agribusiness revenues for fiscal years ended October 31, is as follows (in thousands):
 202320222021
Oranges$5,779 $9,911 $4,382 
Specialty citrus and other9,515 8,978 7,253 
Farm management9,931 — — 
Other agribusiness revenues$25,225 $18,889 $11,635