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Segment Information (Tables)

6 Months Ended

Apr. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Information by Segment

Segment information for the three months ended April 30, 2024 is as follows (in thousands):

			Fresh Lemons			Lemon Packing			Eliminations			Avocados			Other Agribusiness			Total Agribusiness			Corporate and Other			Total
Revenues from external customers			$	30,841		$	4,964		$	—		$	2,348		$	5,104		$	43,257		$	1,349		$	44,606
Intersegment revenue			—			10,914			(10,914)			—			—			—			—			—
Total net revenues			30,841			15,878			(10,914)			2,348			5,104			43,257			1,349			44,606
Costs and expenses			28,869			13,588			(10,914)			1,425			5,680			38,648			8,533			47,181
Depreciation and amortization			—			—			—			—			—			1,788			312			2,100
Operating (loss) income			$	1,972		$	2,290		$	—		$	923		$	(576)		$	2,821		$	(7,496)		$	(4,675)

Segment information for the three months ended April 30, 2023 is as follows (in thousands):

			Fresh Lemons			Lemon Packing			Eliminations			Avocados			Other Agribusiness			Total Agribusiness			Corporate and Other			Total
Revenues from external customers			$	31,942		$	6,423		$	—		$	3,603		$	4,708		$	46,676		$	1,394		$	48,070
Intersegment revenue			—			10,309			(10,309)			—			—			—			—			—
Total net revenues			31,942			16,732			(10,309)			3,603			4,708			46,676			1,394			48,070
Costs and expenses			29,219			12,075			(10,309)			1,023			4,441			36,449			13,439			49,888
Depreciation and amortization			—			—			—			—			—			1,740			304			2,044
Operating (loss) income			$	2,723		$	4,657		$	—		$	2,580		$	267		$	8,487		$	(12,349)		$	(3,862)

Segment information for the six months ended April 30, 2024 is as follows (in thousands):

			Fresh Lemons			Lemon Packing			Eliminations			Avocados			Other Agribusiness			Total Agribusiness			Corporate and Other			Total
Revenues from external customers			$	58,225		$	10,556		$	—		$	2,348		$	10,467		$	81,596		$	2,741		$	84,337
Intersegment revenue			—			17,630			(17,630)			—			—			—			—			—
Total net revenues			58,225			28,186			(17,630)			2,348			10,467			81,596			2,741			84,337
Costs and expenses			57,710			24,306			(17,630)			1,425			10,207			76,018			16,581			92,599
Depreciation and amortization			—			—			—			—			—			3,532			626			4,158
Operating (loss) income			$	515		$	3,880		$	—		$	923		$	260		$	2,046		$	(14,466)		$	(12,420)

Segment information for the six months ended April 30, 2023 is as follows (in thousands):

			Fresh Lemons			Lemon Packing			Eliminations			Avocados			Other Agribusiness			Total Agribusiness			Corporate and Other			Total
Revenues from external customers			$	59,263		$	12,071		$	—		$	3,603		$	8,267		$	83,204		$	2,767		$	85,971
Intersegment revenue			—			17,672			(17,672)			—			—			—			—			—
Total net revenues			59,263			29,743			(17,672)			3,603			8,267			83,204			2,767			85,971
Costs and expenses (gains)			61,533			23,428			(17,672)			1,023			7,243			75,555			(16,097)			59,458
Depreciation and amortization			—			—			—			—			—			3,875			616			4,491
Operating income (loss)			$	(2,270)		$	6,315		$	—		$	2,580		$	1,024		$	3,774		$	18,248		$	22,022

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 April 30,												Six Months Ended April 30,
			2024						2023						2024						2023
Oranges			$	1,160					$	1,383					$	2,301					$	2,535
Specialty citrus and other crops			839						1,016						1,925						2,263
Farm management			2,046						1,404						4,094						1,404
Other			1,059						905						2,147						2,065
Other agribusiness revenues			$	5,104					$	4,708					$	10,467					$	8,267

X

- 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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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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