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Segment Information (Tables)

9 Months Ended

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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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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