Summary of Significant Accounting Policies (Tables)

12 Months Ended

Oct. 31, 2023

Depreciation is computed using the straight-line method at rates based upon the estimated useful lives of the related assets as follows (in years):


Land improvements			10 – 30
Buildings and building improvements			10 – 50
Equipment			5 – 20
Orchards and vineyards			20 – 40

The following table summarizes the changes in other comprehensive income (loss) by component at October 31(in thousands):




	2023						2022						2021
	Pre-tax Amount		Tax Benefit (Expense)		Net Amount		Pre-tax Amount		Tax Benefit (Expense)		Net Amount		Pre-tax Amount		Tax Expense		Net Amount
Foreign currency translation adjustments	$	518	$	—	$	518	$	(2,430)	$	—	$	(2,430)	$	(685)	$	—	$	(685)
Minimum pension liability adjustments:
Other comprehensive (loss) income before reclassifications	(355)		135		(220)		(254)		71		(183)		3,440		(940)		2,500
Amounts reclassified to earnings included in “Other (expense) income, net”	2,700		(756)		1,944		607		(169)		438		—		—		—
Other comprehensive income (loss)	$	2,863	$	(621)	$	2,242	$	(2,077)	$	(98)	$	(2,175)	$	2,755	$	(940)	$	1,815

The following table summarizes the changes in accumulated other comprehensive (loss) income by component (in thousands):


	Foreign Currency Translation Loss		Defined Benefit Pension Plan		Accumulated Other Comprehensive (Loss) Income
Balance as of October 31, 2020	$	(3,069)	$	(4,479)	$	(7,548)
Other comprehensive (loss) income	(685)		2,500		1,815
Balance as of October 31, 2021	(3,754)		(1,979)		(5,733)
Other comprehensive (loss) income	(2,430)		255		(2,175)
Balance as of October 31, 2022	(6,184)		(1,724)		(7,908)
Other comprehensive income	518		1,724		2,242
Balance as of October 31, 2023	$	(5,666)	$	—	$	(5,666)