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v3.23.2

Segment Information (Tables) | 9 Months Ended
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Jul. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Information by Segment | Segment information for the three months ended July 31, 2023 is as follows (in thousands):
| Fresh Lemons | Lemon Packing | Eliminations | Avocados | Other Agribusiness | Total Agribusiness | Corporate and Other | Total
Revenues from external customers | $ | 33,585 |  | $ | 5,472 |  | $ | — |  | $ | 3,462 |  | $ | 8,573 |  | $ | 51,092 |  | $ | 1,405 |  | $ | 52,497 |
Intersegment revenue | — |  | 9,684 |  | (9,684) |  | — |  | — |  | — |  | — |  | — |
Total net revenues | 33,585 |  | 15,156 |  | (9,684) |  | 3,462 |  | 8,573 |  | 51,092 |  | 1,405 |  | 52,497 |
Costs and expenses | 30,758 |  | 13,140 |  | (9,684) |  | 3,030 |  | 7,866 |  | 45,110 |  | 6,917 |  | 52,027 |
Depreciation and amortization | — |  | — |  | — |  | — |  | — |  | 1,735 |  | 284 |  | 2,019 |
Operating (loss) income | $ | 2,827 |  | $ | 2,016 |  | $ | — |  | $ | 432 |  | $ | 707 |  | $ | 4,247 |  | $ | (5,796) |  | $ | (1,549) |
Segment information for the three months ended July 31, 2022 is as follows (in thousands):
| Fresh Lemons | Lemon Packing | Eliminations | Avocados | Other Agribusiness | Total Agribusiness | Corporate and Other | Total
Revenues from external customers | $ | 33,823 |  | $ | 6,337 |  | $ | — |  | $ | 12,578 |  | $ | 4,856 |  | $ | 57,594 |  | $ | 1,329 |  | $ | 58,923 |
Intersegment revenue | — |  | 9,696 |  | (9,696) |  | — |  | — |  | — |  | — |  | — |
Total net revenues | 33,823 |  | 16,033 |  | (9,696) |  | 12,578 |  | 4,856 |  | 57,594 |  | 1,329 |  | 58,923 |
Costs and expenses | 32,600 |  | 11,953 |  | (9,696) |  | 3,154 |  | 1,280 |  | 39,291 |  | 6,103 |  | 45,394 |
Depreciation and amortization | — |  | — |  | — |  | — |  | — |  | 2,172 |  | 297 |  | 2,469 |
Operating income (loss) | $ | 1,223 |  | $ | 4,080 |  | $ | — |  | $ | 9,424 |  | $ | 3,576 |  | $ | 16,131 |  | $ | (5,071) |  | $ | 11,060 |
Segment information for the nine months ended July 31, 2023 is as follows (in thousands):
| Fresh Lemons | Lemon Packing | Eliminations | Avocados | Other Agribusiness | Total Agribusiness | Corporate and Other | Total
Revenues from external customers | $ | 94,913 |  | $ | 17,543 |  | $ | — |  | $ | 7,065 |  | $ | 14,775 |  | $ | 134,296 |  | $ | 4,172 |  | $ | 138,468 |
Intersegment revenue | — |  | 27,356 |  | (27,356) |  | — |  | — |  | — |  | — |  | — |
Total net revenues | 94,913 |  | 44,899 |  | (27,356) |  | 7,065 |  | 14,775 |  | 134,296 |  | 4,172 |  | 138,468 |
Costs and expenses (gains) | 94,035 |  | 36,568 |  | (27,356) |  | 4,053 |  | 13,365 |  | 120,665 |  | (9,180) |  | 111,485 |
Depreciation and amortization | — |  | — |  | — |  | — |  | — |  | 5,610 |  | 900 |  | 6,510 |
Operating income | $ | 878 |  | $ | 8,331 |  | $ | — |  | $ | 3,012 |  | $ | 1,410 |  | $ | 8,021 |  | $ | 12,452 |  | $ | 20,473 |
Segment information for the nine months ended July 31, 2022 is as follows (in thousands):
| Fresh Lemons | Lemon Packing | Eliminations | Avocados | Other Agribusiness | Total Agribusiness | Corporate and Other | Total
Revenues from external customers | $ | 94,415 |  | $ | 19,048 |  | $ | — |  | $ | 16,920 |  | $ | 10,663 |  | $ | 141,046 |  | $ | 3,901 |  | $ | 144,947 |
Intersegment revenue | — |  | 25,658 |  | (25,658) |  | — |  | — |  | — |  | — |  | — |
Total net revenues | 94,415 |  | 44,706 |  | (25,658) |  | 16,920 |  | 10,663 |  | 141,046 |  | 3,901 |  | 144,947 |
Costs and expenses | 91,983 |  | 34,171 |  | (25,658) |  | 5,548 |  | 7,718 |  | 113,762 |  | 19,665 |  | 133,427 |
Depreciation and amortization | — |  | — |  | — |  | — |  | — |  | 6,544 |  | 888 |  | 7,432 |
Operating income (loss) | $ | 2,432 |  | $ | 10,535 |  | $ | — |  | $ | 11,372 |  | $ | 2,945 |  | $ | 20,740 |  | $ | (16,652) |  | $ | 4,088 |
Revenues related to rental operations are included in “Corporate and Other.” The detail of other agribusiness revenues is as follows (in thousands):
| Three Months Ended July 31, |  | Nine Months Ended July 31, |  |
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |
Oranges | $ | 1,290 |  |  | $ | 3,736 |  |  | $ | 3,825 |  |  | $ | 7,226 |  |  |
Specialty citrus and other | 1,900 |  |  | 1,120 |  |  | 4,163 |  |  | 3,437 |  |  |
Farm management | 5,383 |  |  | — |  |  | 6,787 |  |  | — |  |  |
Other agribusiness revenues | $ | 8,573 |  |  | $ | 4,856 |  |  | $ | 14,775 |  |  | $ | 10,663 |  |  |

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