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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Net revenues:        
Agribusiness $ 61,849 $ 51,092 $ 143,445 $ 134,296
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Agribusiness Agribusiness Agribusiness Agribusiness
Other operations $ 1,456 $ 1,405 $ 4,197 $ 4,172
Total net revenues 63,305 52,497 147,642 138,468
Costs and expenses:        
Agribusiness $ 45,437 $ 46,845 $ 124,987 $ 126,275
Cost, Product and Service [Extensible List] Agribusiness Agribusiness Agribusiness Agribusiness
Other operations $ 1,250 $ 1,034 $ 3,861 $ 3,281
Impairment of intangible asset 643 0 643 0
(Gain) loss on disposal of assets, net (12) 1,545 (129) (29,199)
Gain on legal settlement 0 0 0 (2,269)
Selling, general and administrative 6,994 4,622 21,707 19,907
Total costs and expenses 54,312 54,046 151,069 117,995
Operating income (loss) 8,993 (1,549) (3,427) 20,473
Other income (expense):        
Interest income 27 178 63 248
Interest expense, net of patronage dividends (273) (241) (831) (417)
Equity in earnings of investments, net 483 199 17,116 514
Other income (expense), net 5 (215) 224 (2,627)
Total other income (expense) 242 (79) 16,572 (2,282)
Income (loss) before income tax (provision) benefit 9,235 (1,628) 13,145 18,191
Income tax (provision) benefit (3,019) 378 (4,051) (5,537)
Net income (loss) 6,216 (1,250) 9,094 12,654
Net loss attributable to noncontrolling interest 377 87 481 201
Net income (loss) attributable to Limoneira Company 6,593 (1,163) 9,575 12,855
Preferred dividends (125) (125) (376) (376)
Net income (loss) applicable to common stock $ 6,468 $ (1,288) $ 9,199 $ 12,479
Basic net income (loss) per common share (in dollars per share) $ 0.36 $ (0.07) $ 0.51 $ 0.70
Diluted net income (loss) per common share (in dollars per share) $ 0.35 $ (0.07) $ 0.51 $ 0.69
Weighted-average common shares outstanding-basic (in shares) 17,756 17,621 17,701 17,597
Weighted-average common shares outstanding-diluted (in shares) 18,363 17,621 17,701 18,381