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Leases
 3 Months Ended
Jan. 31, 2023
Leases [Abstract]  
Leases Leases
Lessor Arrangements
The Company enters into leasing transactions in which it rents certain of its assets and the Company is the lessor. These lease contracts are typically classified as operating leases with remaining terms ranging from one month to 20 years, with various renewal terms available. All of the residential rentals have month-to-month lease terms.
The Company’s rental operations revenue consists of the following (in thousands):
Three Months Ended
January 31,
20232022
Operating lease revenue$1,291 $1,118 
Variable lease revenue82 73 
Total lease revenue$1,373 $1,191 
Lessee Arrangements
The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are classified as either operating or finance leases. The Company’s lease contracts are generally for agricultural land and packinghouse facilities and equipment with remaining lease terms ranging from one to 15 years, with various term extensions available. The Company’s lease agreements do not contain any residual value guarantees or material restrictive covenants. Leases with an initial term of 12 months or less are not recorded on the balance sheet and the Company recognizes lease expense for these leases on a straight-line basis over the lease term. All lease costs are primarily included in agribusiness costs and expenses in the Company's consolidated statements of operations
Operating lease costs were $491,000 and $123,000 for the three months ended January 31, 2023 and 2022, respectively. Finance lease costs were immaterial for the three months ended January 31, 2023 and 2022. Variable and short term lease costs were $145,000 and $162,000, respectively for the three months ended January 31, 2023,and were immaterial for the three months ended January 31, 2022.
12. Leases (continued)
Supplemental balance sheet information related to leases consists of the following (in thousands):
ClassificationJanuary 31, 2023October 31, 2022
Assets
Operating lease ROU assetsOther assets$5,926 $6,190 
Finance lease assetsOther assets1,058 1,091 
$6,984 $7,281 
Liabilities and Stockholders' Equity
Current operating lease liabilitiesAccrued liabilities and payables to related parties$1,939 $1,892 
Current finance lease liabilitiesAccrued liabilities268 268 
Non-current operating lease liabilitiesOther long-term liabilities4,047 4,347 
Non-current finance lease liabilitiesOther long-term liabilities656 715 
$6,910 $7,222 
Supplemental cash flow information related to leases consists of the following (in thousands):
Three Months Ended
January 31,
20232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$478 $189 
Operating cash outflows from finance leases$8 $12 
Financing cash outflows from finance leases$59 $69 
ROU assets obtained in exchange for new operating lease liabilities$99 $288 
Leased assets obtained in exchange for new finance lease liabilities$— $1,020 
Leases Leases
Lessor Arrangements
The Company enters into leasing transactions in which it rents certain of its assets and the Company is the lessor. These lease contracts are typically classified as operating leases with remaining terms ranging from one month to 20 years, with various renewal terms available. All of the residential rentals have month-to-month lease terms.
The Company’s rental operations revenue consists of the following (in thousands):
Three Months Ended
January 31,
20232022
Operating lease revenue$1,291 $1,118 
Variable lease revenue82 73 
Total lease revenue$1,373 $1,191 
Lessee Arrangements
The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are classified as either operating or finance leases. The Company’s lease contracts are generally for agricultural land and packinghouse facilities and equipment with remaining lease terms ranging from one to 15 years, with various term extensions available. The Company’s lease agreements do not contain any residual value guarantees or material restrictive covenants. Leases with an initial term of 12 months or less are not recorded on the balance sheet and the Company recognizes lease expense for these leases on a straight-line basis over the lease term. All lease costs are primarily included in agribusiness costs and expenses in the Company's consolidated statements of operations
Operating lease costs were $491,000 and $123,000 for the three months ended January 31, 2023 and 2022, respectively. Finance lease costs were immaterial for the three months ended January 31, 2023 and 2022. Variable and short term lease costs were $145,000 and $162,000, respectively for the three months ended January 31, 2023,and were immaterial for the three months ended January 31, 2022.
12. Leases (continued)
Supplemental balance sheet information related to leases consists of the following (in thousands):
ClassificationJanuary 31, 2023October 31, 2022
Assets
Operating lease ROU assetsOther assets$5,926 $6,190 
Finance lease assetsOther assets1,058 1,091 
$6,984 $7,281 
Liabilities and Stockholders' Equity
Current operating lease liabilitiesAccrued liabilities and payables to related parties$1,939 $1,892 
Current finance lease liabilitiesAccrued liabilities268 268 
Non-current operating lease liabilitiesOther long-term liabilities4,047 4,347 
Non-current finance lease liabilitiesOther long-term liabilities656 715 
$6,910 $7,222 
Supplemental cash flow information related to leases consists of the following (in thousands):
Three Months Ended
January 31,
20232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$478 $189 
Operating cash outflows from finance leases$8 $12 
Financing cash outflows from finance leases$59 $69 
ROU assets obtained in exchange for new operating lease liabilities$99 $288 
Leased assets obtained in exchange for new finance lease liabilities$— $1,020