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Segment Information (Tables)

9 Months Ended

Jul. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Information by Segment

Segment information for the three months ended July 31, 2024 is as follows (in thousands):

			Fresh Lemons			Lemon Packing			Eliminations			Avocados			Other Agribusiness			Total Agribusiness			Corporate and Other			Total
Revenues from external customers			$	36,746		$	5,200		$	—		$	13,897		$	6,006		$	61,849		$	1,456		$	63,305
Intersegment revenue			—			10,499			(10,499)			—			—			—			—			—
Total net revenues			36,746			15,699			(10,499)			13,897			6,006			61,849			1,456			63,305
Costs and expenses			32,977			11,144			(10,499)			4,104			5,912			43,638			8,559			52,197
Depreciation and amortization			—			—			—			—			—			1,799			316			2,115
Operating income (loss)			$	3,769		$	4,555		$	—		$	9,793		$	94		$	16,412		$	(7,419)		$	8,993

Segment information for the three months ended July 31, 2023 is as follows (in thousands):

			Fresh Lemons			Lemon Packing			Eliminations			Avocados			Other Agribusiness			Total Agribusiness			Corporate and Other			Total
Revenues from external customers			$	32,739		$	5,472		$	—		$	3,462		$	9,419		$	51,092		$	1,405		$	52,497
Intersegment revenue			—			9,684			(9,684)			—			—			—			—			—
Total net revenues			32,739			15,156			(9,684)			3,462			9,419			51,092			1,405			52,497
Costs and expenses			30,118			13,140			(9,684)			3,030			8,506			45,110			6,917			52,027
Depreciation and amortization			—			—			—			—			—			1,735			284			2,019
Operating income (loss)			$	2,621		$	2,016		$	—		$	432		$	913		$	4,247		$	(5,796)		$	(1,549)

Segment information for the nine months ended July 31, 2024 is as follows (in thousands):

			Fresh Lemons			Lemon Packing			Eliminations			Avocados			Other Agribusiness			Total Agribusiness			Corporate and Other			Total
Revenues from external customers			$	94,971		$	15,756		$	—		$	16,245		$	16,473		$	143,445		$	4,197		$	147,642
Intersegment revenue			—			28,129			(28,129)			—			—			—			—			—
Total net revenues			94,971			43,885			(28,129)			16,245			16,473			143,445			4,197			147,642
Costs and expenses			90,687			35,450			(28,129)			5,529			16,119			119,656			25,140			144,796
Depreciation and amortization			—			—			—			—			—			5,331			942			6,273
Operating income (loss)			$	4,284		$	8,435		$	—		$	10,716		$	354		$	18,458		$	(21,885)		$	(3,427)

Segment information for the nine months ended July 31, 2023 is as follows (in thousands):

			Fresh Lemons			Lemon Packing			Eliminations			Avocados			Other Agribusiness			Total Agribusiness			Corporate and Other			Total
Revenues from external customers			$	92,002		$	17,543		$	—		$	7,065		$	17,686		$	134,296		$	4,172		$	138,468
Intersegment revenue			—			27,356			(27,356)			—			—			—			—			—
Total net revenues			92,002			44,899			(27,356)			7,065			17,686			134,296			4,172			138,468
Costs and expenses (gains)			91,651			36,568			(27,356)			4,053			15,749			120,665			(9,180)			111,485
Depreciation and amortization			—			—			—			—			—			5,610			900			6,510
Operating income			$	351		$	8,331		$	—		$	3,012		$	1,937		$	8,021		$	12,452		$	20,473

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 July 31,												Nine Months Ended July 31,
			2024						2023						2024						2023
Oranges			$	1,160					$	1,290					$	3,461					$	3,825
Specialty citrus and other crops			550						1,900						2,475						4,163
Farm management			3,202						5,383						7,296						6,787
Other			1,094						846						3,241						2,911
Other agribusiness revenues			$	6,006					$	9,419					$	16,473					$	17,686

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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