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Equity in Investments
 3 Months Ended
Jan. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Equity in Investments Equity in Investments
Equity in investments consist of the following (in thousands):
 January 31, 2024October 31, 2023
Limoneira Lewis Community Builders, LLC$66,359 $66,288 
LLCB II, LLC9,066 8,869 
Limco Del Mar, Ltd.1,801 1,832 
Rosales1,329 1,325 
Romney Property Partnership502 502 
 $79,057 $78,816 
Unconsolidated Significant Subsidiary
In accordance with Rule 10-01(b)(1) of Regulation S-X, which applies to interim reports on Form 10-Q, the Company must determine if its equity method investees are considered “significant subsidiaries.” In evaluating its investments, there are two tests utilized to determine if equity method investees are considered significant subsidiaries: the income test and the investment test. Summarized income statement information of an equity method investee is required in an interim report if either of the two tests exceed 20% in the interim periods presented. During the year-to-date interim periods for the three months ended January 31, 2024, this threshold was met for LLCB and thus summarized income statement information is presented in this Quarterly Report on Form 10-Q.
The following is unaudited summarized financial information for LLCB (in thousands):
 Three Months Ended January 31,
 20242023
Revenues$913 $344 
Cost of land sold800 — 
Operating expenses21 240 
Net income$92 $104 
Net income attributable to Limoneira Company$92 $104