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Leases | 12 Months Ended
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Oct. 31, 2025
Leases [Abstract] |
Leases | Leases Lessor Arrangements The Company enters into leasing transactions in which it rents certain of its assets and the Company is the lessor. These lease contracts are typically classified as operating leases with remaining terms ranging from one month to 17 years with various renewal terms available. All of the residential rentals have month-to-month lease terms. The following table presents the components of the Company’s operating lease portfolio included in property, plant and equipment, net as of October 31 (in thousands):
| 2025 |  | 2024
Land and land improvements | $ | 12,200 |  |  | $ | 12,219 |
Buildings, equipment and building improvements | 20,932 |  |  | 20,671 |
Orchards | 8,410 |  |  | 8,410 |
Less: accumulated depreciation | (10,723) |  |  | (9,765) |
Property, plant and equipment, net under operating leases | $ | 30,819 |  |  | $ | 31,535 |
Depreciation expense for assets under operating leases was $1,020,000 and $962,000 for fiscal years 2025 and 2024, respectively. 12. Leases (continued) Lessor Arrangements (continued) The Company's rental operations revenue consists of the following for the fiscal years ended October 31 (in thousands):
|  |  |  |  | 2025 |  | 2024 |  |
Operating lease revenue |  |  |  |  | $ | 5,738 |  |  | $ | 5,255 |  |  |
Variable lease revenue |  |  |  |  | 300 |  |  | 325 |  |  |
Total lease revenue |  |  |  |  | $ | 6,038 |  |  | $ | 5,580 |  |  |
The future minimum lease payments to be received by the Company related to these operating lease agreements as of October 31, 2025 are as follows (in thousands):
2026 | $ | 489 |
2027 | 164 |
2028 | 106 |
2029 | 49 |
2030 | 49 |
Thereafter | 592 |
Total | $ | 1,449 |
Lessee Arrangements The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are classified as either operating or finance leases. The Company’s lease contracts are generally for agricultural land, packinghouse facilities, equipment and vehicles with remaining lease terms ranging from one to four years, with various term extensions available. Leases with an initial term of 12 months or less are not recorded on the balance sheet and the Company recognizes lease expense for these leases on a straight-line basis over the lease term. Lease costs are primarily included in agribusiness costs and expenses in the Company’s consolidated statements of operations. Lease costs consist of the following for the fiscal years ended October 31 (in thousands):
|  |  |  |  | 2025 |  | 2024
Operating lease costs |  |  |  |  | $ | 2,085 |  |  | $ | 2,050 |
Finance lease costs: |  |  |  |  |  |  |
Amortization of lease assets |  |  |  |  | 468 |  |  | 223 |
Interest on lease liabilities |  |  |  |  | 79 |  |  | 43 |
Variable lease costs |  |  |  |  | 53 |  |  | 319 |
Short-term lease costs |  |  |  |  | 336 |  |  | 208 |
Total lease costs |  |  |  |  | $ | 3,021 |  |  | $ | 2,843 |
Supplemental balance sheet information related to leases consists of the following as of October 31 (in thousands):
| Classification |  | 2025 |  | 2024
Assets |  |  |  |  |
Operating lease ROU assets | Other assets |  | $ | 640 |  |  | $ | 2,416 |
Finance lease assets | Other assets |  | 1,617 |  |  | 772 |
|  |  | $ | 2,257 |  |  | $ | 3,188 |
Liabilities |  |  |  |  |
Current operating lease liabilities | Accrued liabilities |  | $ | 426 |  |  | $ | 2,075 |
Current finance lease liabilities | Accrued liabilities |  | 445 |  |  | 220 |
Non-current operating lease liabilities | Other long-term liabilities |  | 219 |  |  | 400 |
Non-current finance lease liabilities | Other long-term liabilities |  | 926 |  |  | 418 |
|  |  | $ | 2,016 |  |  | $ | 3,113 |
Weighted-average remaining lease term (in years): |  |  |  |
Operating leases |  |  | 1.5 |  | 1.5
Finance leases |  |  | 3.0 |  | 3.3
Weighted-average discount rate: |  |  |  |  |
Operating leases |  |  | 6.8 | % |  | 6.8 | %
Finance leases |  |  | 6.4 % |  | 7.1 %
Supplemental cash flow information related to leases consists of the following for the fiscal years ended October 31 (in thousands):
| 2025 |  | 2024 |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash outflows from operating leases | $ | 2,137 |  |  | $ | 2,037 |  |  |
Operating cash outflows from finance leases | $ | 79 |  |  | $ | 43 |  |  |
Financing cash outflows from finance leases | $ | 581 |  |  | $ | 360 |  |  |
ROU assets obtained in exchange for new operating lease liabilities | $ | 186 |  |  | $ | 766 |  |  |
Leased assets obtained in exchange for new finance lease liabilities | $ | 1,313 |  |  | $ | 677 |  |  |
Future minimum lease payments under non-cancellable leases are as follows (in thousands), which excludes $1,324,000 of operating and finance lease payments for leases that have been signed but not commenced:
| Operating |  | Finance |  | Total
2026 | $ | 445 |  |  | $ | 518 |  |  | $ | 963 |
2027 | 213 |  |  | 494 |  |  | 707 |
2028 | 24 |  |  | 374 |  |  | 398 |
2029 | 3 |  |  | 121 |  |  | 124 |
Total lease payments | 685 |  |  | 1,507 |  |  | 2,192 |
Less: Imputed interest | (40) |  |  | (136) |  |  | (176) |
Present value of lease liabilities | $ | 645 |  |  | $ | 1,371 |  |  | $ | 2,016 |
12. Leases (continued) In addition to operating and finance lease commitments, the Company also has financing transactions which do not meet the definition of a lease, with minimum future payments of $452,000 for fiscal year 2026 and $37,000 for fiscal year 2027.
Leases | Leases Lessor Arrangements The Company enters into leasing transactions in which it rents certain of its assets and the Company is the lessor. These lease contracts are typically classified as operating leases with remaining terms ranging from one month to 17 years with various renewal terms available. All of the residential rentals have month-to-month lease terms. The following table presents the components of the Company’s operating lease portfolio included in property, plant and equipment, net as of October 31 (in thousands):
| 2025 |  | 2024
Land and land improvements | $ | 12,200 |  |  | $ | 12,219 |
Buildings, equipment and building improvements | 20,932 |  |  | 20,671 |
Orchards | 8,410 |  |  | 8,410 |
Less: accumulated depreciation | (10,723) |  |  | (9,765) |
Property, plant and equipment, net under operating leases | $ | 30,819 |  |  | $ | 31,535 |
Depreciation expense for assets under operating leases was $1,020,000 and $962,000 for fiscal years 2025 and 2024, respectively. 12. Leases (continued) Lessor Arrangements (continued) The Company's rental operations revenue consists of the following for the fiscal years ended October 31 (in thousands):
|  |  |  |  | 2025 |  | 2024 |  |
Operating lease revenue |  |  |  |  | $ | 5,738 |  |  | $ | 5,255 |  |  |
Variable lease revenue |  |  |  |  | 300 |  |  | 325 |  |  |
Total lease revenue |  |  |  |  | $ | 6,038 |  |  | $ | 5,580 |  |  |
The future minimum lease payments to be received by the Company related to these operating lease agreements as of October 31, 2025 are as follows (in thousands):
2026 | $ | 489 |
2027 | 164 |
2028 | 106 |
2029 | 49 |
2030 | 49 |
Thereafter | 592 |
Total | $ | 1,449 |
Lessee Arrangements The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are classified as either operating or finance leases. The Company’s lease contracts are generally for agricultural land, packinghouse facilities, equipment and vehicles with remaining lease terms ranging from one to four years, with various term extensions available. Leases with an initial term of 12 months or less are not recorded on the balance sheet and the Company recognizes lease expense for these leases on a straight-line basis over the lease term. Lease costs are primarily included in agribusiness costs and expenses in the Company’s consolidated statements of operations. Lease costs consist of the following for the fiscal years ended October 31 (in thousands):
|  |  |  |  | 2025 |  | 2024
Operating lease costs |  |  |  |  | $ | 2,085 |  |  | $ | 2,050 |
Finance lease costs: |  |  |  |  |  |  |
Amortization of lease assets |  |  |  |  | 468 |  |  | 223 |
Interest on lease liabilities |  |  |  |  | 79 |  |  | 43 |
Variable lease costs |  |  |  |  | 53 |  |  | 319 |
Short-term lease costs |  |  |  |  | 336 |  |  | 208 |
Total lease costs |  |  |  |  | $ | 3,021 |  |  | $ | 2,843 |
Supplemental balance sheet information related to leases consists of the following as of October 31 (in thousands):
| Classification |  | 2025 |  | 2024
Assets |  |  |  |  |
Operating lease ROU assets | Other assets |  | $ | 640 |  |  | $ | 2,416 |
Finance lease assets | Other assets |  | 1,617 |  |  | 772 |
|  |  | $ | 2,257 |  |  | $ | 3,188 |
Liabilities |  |  |  |  |
Current operating lease liabilities | Accrued liabilities |  | $ | 426 |  |  | $ | 2,075 |
Current finance lease liabilities | Accrued liabilities |  | 445 |  |  | 220 |
Non-current operating lease liabilities | Other long-term liabilities |  | 219 |  |  | 400 |
Non-current finance lease liabilities | Other long-term liabilities |  | 926 |  |  | 418 |
|  |  | $ | 2,016 |  |  | $ | 3,113 |
Weighted-average remaining lease term (in years): |  |  |  |
Operating leases |  |  | 1.5 |  | 1.5
Finance leases |  |  | 3.0 |  | 3.3
Weighted-average discount rate: |  |  |  |  |
Operating leases |  |  | 6.8 | % |  | 6.8 | %
Finance leases |  |  | 6.4 % |  | 7.1 %
Supplemental cash flow information related to leases consists of the following for the fiscal years ended October 31 (in thousands):
| 2025 |  | 2024 |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash outflows from operating leases | $ | 2,137 |  |  | $ | 2,037 |  |  |
Operating cash outflows from finance leases | $ | 79 |  |  | $ | 43 |  |  |
Financing cash outflows from finance leases | $ | 581 |  |  | $ | 360 |  |  |
ROU assets obtained in exchange for new operating lease liabilities | $ | 186 |  |  | $ | 766 |  |  |
Leased assets obtained in exchange for new finance lease liabilities | $ | 1,313 |  |  | $ | 677 |  |  |
Future minimum lease payments under non-cancellable leases are as follows (in thousands), which excludes $1,324,000 of operating and finance lease payments for leases that have been signed but not commenced:
| Operating |  | Finance |  | Total
2026 | $ | 445 |  |  | $ | 518 |  |  | $ | 963 |
2027 | 213 |  |  | 494 |  |  | 707 |
2028 | 24 |  |  | 374 |  |  | 398 |
2029 | 3 |  |  | 121 |  |  | 124 |
Total lease payments | 685 |  |  | 1,507 |  |  | 2,192 |
Less: Imputed interest | (40) |  |  | (136) |  |  | (176) |
Present value of lease liabilities | $ | 645 |  |  | $ | 1,371 |  |  | $ | 2,016 |
12. Leases (continued) In addition to operating and finance lease commitments, the Company also has financing transactions which do not meet the definition of a lease, with minimum future payments of $452,000 for fiscal year 2026 and $37,000 for fiscal year 2027.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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