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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Oct. 31, 2023
Operating activities      
Net (loss) income $ (3,677) $ 15,534  
Adjustments to reconcile net (loss) income to net cash used in operating activities:      
Depreciation and amortization 2,058 2,447  
Gain on disposal of assets, net (165) (39,742)  
Stock compensation expense 864 1,064  
Non-cash lease expense 420 389  
Equity in earnings of investments, net (41) (253)  
Deferred income taxes (4,190) 6,827  
Other, net 2 171  
Changes in operating assets and liabilities:      
Accounts receivable and receivables/other from related parties (1,694) (1,676)  
Cultural costs (251) 1,343  
Prepaid expenses and other current assets (196) 529  
Other assets (85) (10)  
Accounts payable and growers and suppliers payable (2,709) (7,838)  
Accrued liabilities and payables to related parties (160) 455  
Other long-term liabilities (447) (430)  
Net cash used in operating activities (10,271) (21,190)  
Investing activities      
Capital expenditures (2,240) (2,151)  
Net proceeds from sales of assets 783 98,888  
Net proceeds from sale of real estate development assets 0 2,577  
Cash distribution from Trapani Fresh 61 82  
Collection on notes receivable 66 0  
Equity investment contributions and capitalized interest (294) (275)  
Investments in mutual water companies and water rights (15) (11)  
Net cash (used in) provided by investing activities (1,639) 99,110  
Financing activities      
Borrowings of long-term debt 37,524 57,940  
Repayments of long-term debt (26,429) (122,692)  
Principal paid on finance leases and equipment financings (121) (107)  
Dividends paid – common (1,350) (1,337)  
Dividends paid – preferred (125) (125)  
Exchange of common stock (684) 0  
Net cash provided by (used in) financing activities 8,815 (66,321)  
Effect of exchange rate changes on cash (9) 8  
Net (decrease) increase in cash (3,104) 11,607  
Cash at beginning of period 3,631 857 $ 857
Cash at end of period 527 12,464 $ 3,631
Supplemental disclosures of cash flow information      
Cash paid during the period for interest (net of amounts capitalized) 156 1,006  
Cash paid during the period for income taxes 0 0  
Non-cash investing and financing activities:      
Capital expenditures accrued but not paid at period-end 116 818  
Accrued contribution obligation of investment in water company $ 450 $ 0