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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Apr. 30, 2024
Apr. 30, 2023
Net revenues:        
Agribusiness $ 43,257 $ 46,676 $ 81,596 $ 83,204
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Agribusiness Agribusiness Agribusiness Agribusiness
Other operations $ 1,349 $ 1,394 $ 2,741 $ 2,767
Total net revenues 44,606 48,070 84,337 85,971
Costs and expenses:        
Agribusiness $ 40,436 $ 38,189 $ 79,550 $ 79,430
Cost, Product and Service [Extensible List] Agribusiness Agribusiness Agribusiness Agribusiness
Other operations $ 1,429 $ 1,009 $ 2,611 $ 2,247
Loss (gain) on disposal of assets, net 48 8,998 (117) (30,744)
Gain on legal settlement 0 (2,269) 0 (2,269)
Selling, general and administrative 7,368 6,005 14,713 15,285
Total costs and expenses 49,281 51,932 96,757 63,949
Operating (loss) income (4,675) (3,862) (12,420) 22,022
Other income (expense):        
Interest income 14 62 36 70
Interest (expense), net of patronage dividends (351) 996 (558) (176)
Equity in earnings of investments, net 16,592 62 16,633 315
Other income (expense), net 197 200 219 (2,412)
Total other income (expense) 16,452 1,320 16,330 (2,203)
Income (loss) before income tax (provision) benefit 11,777 (2,542) 3,910 19,819
Income tax (provision) benefit (5,222) 912 (1,032) (5,915)
Net income (loss) 6,555 (1,630) 2,878 13,904
Net loss attributable to noncontrolling interest 12 17 104 114
Net income (loss) attributable to Limoneira Company 6,567 (1,613) 2,982 14,018
Preferred dividends (126) (126) (251) (251)
Net income (loss) applicable to common stock $ 6,441 $ (1,739) $ 2,731 $ 13,767
Basic net income (loss) per common share (in dollars per share) $ 0.36 $ (0.10) $ 0.15 $ 0.77
Diluted net income (loss) per common share (in dollars per share) $ 0.35 $ (0.10) $ 0.15 $ 0.75
Weighted-average common shares outstanding-basic (in shares) 17,707 17,597 17,677 17,587
Weighted-average common shares outstanding-diluted (in shares) 18,362 17,597 17,677 18,328