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Leases
 3 Months Ended
Jan. 31, 2024
Leases [Abstract]  
Leases Leases
Lessor Arrangements
The Company enters into leasing transactions in which it rents certain of its assets and the Company is the lessor. These lease contracts are typically classified as operating leases with remaining terms ranging from one month to 19 years with various renewal terms available. All of the residential rentals have month-to-month lease terms.
he Company's rental operations revenue consists of the following (in thousands):
Three Months Ended
January 31,
20242023
Operating lease revenue$1,292 $1,291 
Variable lease revenue100 82 
Total lease revenue$1,392 $1,373 
Lessee Arrangements
The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are classified as either operating or finance leases. The Company’s lease contracts are generally for agricultural land and packinghouse facilities and equipment with remaining lease terms ranging from one to four years, with various term extensions available. Leases with an initial term of 12 months or less are not recorded on the balance sheet and the Company recognizes lease expense for these leases on a straight-line basis over the lease term. Lease costs are primarily included in agribusiness costs and expenses in the Company's consolidated statements of operations.
Lease costs consist of the following (in thousands):
Three Months Ended
January 31,
20242023
Operating lease costs$499 $491 
Finance lease costs:
Amortization of lease assets47 33 
Interest on lease liabilities9 8 
Variable lease costs(18)145 
Short-term lease costs69 162 
Total lease costs$606 $839 
Supplemental balance sheet information related to leases consists of the following (in thousands):
ClassificationJanuary 31, 2024October 31, 2023
Assets
Operating lease ROU assetsOther assets$3,399 $3,484 
Finance lease assetsOther assets1,134 1,182 
$4,533 $4,666 
Liabilities
Current operating lease liabilitiesAccrued liabilities$1,943 $1,831 
Current finance lease liabilitiesAccrued liabilities319 319 
Non-current operating lease liabilitiesOther long-term liabilities1,500 1,714 
Non-current finance lease liabilitiesOther long-term liabilities531 602 
$4,293 $4,466 
Supplemental cash flow information related to leases consists of the following (in thousands):
Three Months Ended
January 31,
20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$513 $478 
Operating cash outflows from finance leases$9 $8 
Financing cash outflows from finance leases$71 $59 
ROU assets obtained in exchange for new operating lease liabilities$352 $99 
Leases Leases
Lessor Arrangements
The Company enters into leasing transactions in which it rents certain of its assets and the Company is the lessor. These lease contracts are typically classified as operating leases with remaining terms ranging from one month to 19 years with various renewal terms available. All of the residential rentals have month-to-month lease terms.
he Company's rental operations revenue consists of the following (in thousands):
Three Months Ended
January 31,
20242023
Operating lease revenue$1,292 $1,291 
Variable lease revenue100 82 
Total lease revenue$1,392 $1,373 
Lessee Arrangements
The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are classified as either operating or finance leases. The Company’s lease contracts are generally for agricultural land and packinghouse facilities and equipment with remaining lease terms ranging from one to four years, with various term extensions available. Leases with an initial term of 12 months or less are not recorded on the balance sheet and the Company recognizes lease expense for these leases on a straight-line basis over the lease term. Lease costs are primarily included in agribusiness costs and expenses in the Company's consolidated statements of operations.
Lease costs consist of the following (in thousands):
Three Months Ended
January 31,
20242023
Operating lease costs$499 $491 
Finance lease costs:
Amortization of lease assets47 33 
Interest on lease liabilities9 8 
Variable lease costs(18)145 
Short-term lease costs69 162 
Total lease costs$606 $839 
Supplemental balance sheet information related to leases consists of the following (in thousands):
ClassificationJanuary 31, 2024October 31, 2023
Assets
Operating lease ROU assetsOther assets$3,399 $3,484 
Finance lease assetsOther assets1,134 1,182 
$4,533 $4,666 
Liabilities
Current operating lease liabilitiesAccrued liabilities$1,943 $1,831 
Current finance lease liabilitiesAccrued liabilities319 319 
Non-current operating lease liabilitiesOther long-term liabilities1,500 1,714 
Non-current finance lease liabilitiesOther long-term liabilities531 602 
$4,293 $4,466 
Supplemental cash flow information related to leases consists of the following (in thousands):
Three Months Ended
January 31,
20242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$513 $478 
Operating cash outflows from finance leases$9 $8 
Financing cash outflows from finance leases$71 $59 
ROU assets obtained in exchange for new operating lease liabilities$352 $99