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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Apr. 30, 2024
Jan. 31, 2024
Apr. 30, 2023
Jan. 31, 2023
Apr. 30, 2024
Apr. 30, 2023
Oct. 31, 2023
Operating activities              
Net income (loss) $ 6,555 $ (3,677) $ (1,630) $ 15,534 $ 2,878 $ 13,904  
Adjustments to reconcile net income to net cash used in operating activities:              
Depreciation and amortization 2,100   2,044   4,158 4,491  
Gain on disposal of assets, net         (117) (30,744)  
Gain on legal settlement         0 (853)  
Stock compensation expense         1,935 2,029  
Non-cash lease expense         896 802  
Equity in earnings of investments, net (16,592)   (62)   (16,633) (315)  
Deferred income taxes         1,032 5,915  
Other, net         12 162  
Changes in operating assets and liabilities:              
Accounts receivable and receivables/other from related parties         (7,157) (1,583)  
Cultural costs         (1,099) 2,051  
Prepaid expenses and other current assets         (325) (5,105)  
Other assets         (106) 21  
Accounts payable and growers and suppliers payable         467 (5,340)  
Accrued liabilities and payables to related parties         1,923 (2,708)  
Income taxes payable         (259) (330)  
Other long-term liabilities         (900) (840)  
Net cash used in operating activities         (13,295) (18,443)  
Investing activities              
Capital expenditures         (3,714) (5,417)  
Net proceeds from sales of assets         935 98,506  
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         (221) (275)  
Investments in mutual water companies and water rights         (47) (51)  
Net cash (used in) provided by investing activities         (2,920) 95,422  
Financing activities              
Borrowings of long-term debt         71,529 57,940  
Repayments of long-term debt         (52,367) (122,775)  
Principal paid on finance leases and equipment financings         (362) (215)  
Dividends paid – common         (2,698) (2,685)  
Dividends paid – preferred         (251) (251)  
Exchange of common stock         (1,835) (26)  
Net cash provided by (used in) financing activities         14,016 (68,012)  
Effect of exchange rate changes on cash         (30) 9  
Net (decrease) increase in cash         (2,229) 8,976  
Cash at beginning of period   $ 3,631   $ 857 3,631 857 $ 857
Cash at end of period $ 1,402   $ 9,833   1,402 9,833 $ 3,631
Supplemental disclosures of cash flow information              
Cash paid during the period for interest (net of amounts capitalized)         451 397  
Cash paid during the period for income taxes, net         259 330  
Non-cash investing and financing activities:              
Capital expenditures accrued but not paid at period-end         390 325  
Accrued contribution obligation of investment in water company         $ 450 $ 450