XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
Net revenues:        
Agribusiness $ 46,676 $ 45,369 $ 83,204 $ 83,452
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Agribusiness Agribusiness    
Other operations $ 1,394 $ 1,381 2,767 2,572
Total net revenues 48,070 46,750 85,971 86,024
Costs and expenses:        
Agribusiness $ 38,189 $ 37,599 79,430 78,843
Cost, Product and Service [Extensible List] Agribusiness Agribusiness    
Other operations $ 1,009 $ 1,093 2,247 2,167
Loss (gain) on disposal of assets, net 8,998 346 (30,744) 261
Gain on legal settlement (2,269) 0 (2,269) 0
Selling, general and administrative 6,005 5,126 15,285 11,725
Total costs and expenses 51,932 44,164 63,949 92,996
Operating (loss) income (3,862) 2,586 22,022 (6,972)
Other income (expense):        
Interest income 62 27 70 48
Interest (expense), net of patronage dividends 996 (696) (176) (481)
Equity in earnings of investments, net 62 299 315 350
Other income (expense), net 200 78 (2,412) 93
Total other income (expense) 1,320 (292) (2,203) 10
(Loss) income before income tax benefit (provision) (2,542) 2,294 19,819 (6,962)
Income tax benefit (provision) 912 (722) (5,915) 1,928
Net (loss) income (1,630) 1,572 13,904 (5,034)
Net loss (income) attributable to noncontrolling interest 17 (11) 114 77
Net (loss) income attributable to Limoneira Company (1,613) 1,561 14,018 (4,957)
Preferred dividends (126) (126) (251) (251)
Net (loss) income applicable to common stock $ (1,739) $ 1,435 $ 13,767 $ (5,208)
Basic net (loss) income per common share (in dollars per share) $ (0.10) $ 0.08 $ 0.77 $ (0.30)
Diluted net (loss) income per common share (in dollars per share) $ (0.10) $ 0.08 $ 0.75 $ (0.30)
Weighted-average common shares outstanding-basic (in shares) 17,597,000 17,511,000 17,587,000 17,461,000
Weighted-average common shares outstanding-diluted (in shares) 17,597,000 17,511,000 18,328,000 17,461,000