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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Jul. 31, 2023
Jul. 31, 2022
Net revenues:        
Agribusiness $ 51,092 $ 57,594 $ 134,296 $ 141,046
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Agribusiness Agribusiness    
Other operations $ 1,405 $ 1,329 4,172 3,901
Total net revenues 52,497 58,923 138,468 144,947
Costs and expenses:        
Agribusiness $ 46,845 $ 41,463 126,275 120,306
Cost, Product and Service [Extensible List] Agribusiness Agribusiness    
Other operations $ 1,034 $ 1,127 3,281 3,294
Loss (gain) on disposal of assets, net 1,545 242 (29,199) 503
Gain on legal settlement 0 0 (2,269) 0
Selling, general and administrative 4,622 5,031 19,907 16,756
Total costs and expenses 54,046 47,863 117,995 140,859
Operating (loss) income (1,549) 11,060 20,473 4,088
Other (expense) income:        
Interest income 178 6 248 54
Interest expense, net of patronage dividends (241) (772) (417) (1,253)
Equity in earnings of investments, net 199 331 514 681
Other (expense) income, net (215) 13 (2,627) 106
Total other expense (79) (422) (2,282) (412)
(Loss) income before income tax benefit (provision) (1,628) 10,638 18,191 3,676
Income tax benefit (provision) 378 (3,313) (5,537) (1,385)
Net (loss) income (1,250) 7,325 12,654 2,291
Net loss attributable to noncontrolling interest 87 52 201 129
Net (loss) income attributable to Limoneira Company (1,163) 7,377 12,855 2,420
Preferred dividends (125) (125) (376) (376)
Net (loss) income applicable to common stock $ (1,288) $ 7,252 $ 12,479 $ 2,044
Basic net (loss) income per common share (in dollars per share) $ (0.07) $ 0.41 $ 0.70 $ 0.11
Diluted net (loss) income per common share (in dollars per share) $ (0.07) $ 0.40 $ 0.69 $ 0.11
Weighted-average common shares outstanding-basic (in shares) 17,621 17,529 17,597 17,481
Weighted-average common shares outstanding-diluted (in shares) 17,621 18,334 18,381 17,481