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v3.25.4

Segment Information (Tables) | 12 Months Ended
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Oct. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Information by Segment | Segment information for fiscal year 2025 is as follows (in thousands):
| Fresh Lemons | Lemon Packing | Avocados | Other Agribusiness | Total Agribusiness | Corporate and Other | Total
Revenues from external customers | $ | 75,811 |  | $ | 49,147 |  | $ | 11,741 |  | $ | 16,986 |  | $ | 153,685 |  | $ | 6,038 |  | $ | 159,723 |
Costs and expenses, excluding depreciation and amortization: |  |  |  |  |  |  |
Labor and benefits | — |  | 19,820 |  | — |  | — |  | 19,820 |  | — |  | 19,820 |
Packing supplies and fruit treatments | — |  | 13,799 |  | — |  | — |  | 13,799 |  | — |  | 13,799 |
Harvest costs | 7,777 |  | — |  | 1,385 |  | 333 |  | 9,495 |  | — |  | 9,495 |
Growing costs | 8,884 |  | — |  | 4,621 |  | 4,005 |  | 17,510 |  | — |  | 17,510 |
Third party grower and supplier costs | 60,928 |  | — |  | — |  | 9,140 |  | 70,068 |  | — |  | 70,068 |
Other segment items | — |  | 13,762 |  | — |  | 2,113 |  | 15,875 |  | 3,786 |  | 19,661 |
Gain on sales of water rights | — |  | — |  | — |  | — |  | — |  | (1,488) |  | (1,488) |
Loss on disposal of assets, net | — |  | — |  | — |  | — |  | — |  | 706 |  | 706 |
Gain on remeasurement of previously held equity method investment | — |  | — |  | — |  | — |  | — |  | (2,852) |  | (2,852) |
Selling, general and administrative | — |  | — |  | — |  | — |  | — |  | 24,200 |  | 24,200 |
Total costs and expenses, excluding depreciation and amortization | 77,589 |  | 47,381 |  | 6,006 |  | 15,591 |  | 146,567 |  | 24,352 |  | 170,919 |
Depreciation and amortization | — |  | — |  | — |  | — |  | 8,243 |  | 966 |  | 9,209 |
Operating (loss) income | $ | (1,778) |  | $ | 1,766 |  | $ | 5,735 |  | $ | 1,395 |  | $ | (1,125) |  | $ | (19,280) |  | $ | (20,405) |
Total other expense |  |  |  |  |  |  | (600) |
Loss before income tax benefit |  |  |  |  |  |  | $ | (21,005) |
Segment information for fiscal year 2024 is as follows (in thousands):
| Fresh Lemons | Lemon Packing | Avocados | Other Agribusiness | Total Agribusiness | Corporate and Other | Total
Revenues from external customers | $ | 86,917 |  | $ | 49,258 |  | $ | 25,114 |  | $ | 24,634 |  | $ | 185,923 |  | $ | 5,580 |  | $ | 191,503 |
Costs and expenses, excluding depreciation and amortization: |  |  |  |  |  |  |
Labor and benefits | — |  | 16,841 |  | — |  | — |  | 16,841 |  | — |  | 16,841 |
Packing supplies and fruit treatments | — |  | 10,902 |  | — |  | — |  | 10,902 |  | — |  | 10,902 |
Harvest costs | 8,877 |  | — |  | 3,058 |  | 650 |  | 12,585 |  | — |  | 12,585 |
Growing costs | 10,258 |  | — |  | 4,276 |  | 13,043 |  | 27,577 |  | — |  | 27,577 |
Third party grower and supplier costs | 65,046 |  | — |  | — |  | 7,130 |  | 72,176 |  | — |  | 72,176 |
Other segment items | — |  | 15,008 |  | — |  | 2,601 |  | 17,609 |  | 4,605 |  | 22,214 |
Impairment of intangible asset | — |  | — |  | — |  | — |  | — |  | 643 |  | 643 |
Gain on disposal of assets, net | — |  | — |  | — |  | — |  | — |  | (507) |  | (507) |
Selling, general and administrative | — |  | — |  | — |  | — |  | — |  | 26,876 |  | 26,876 |
Costs and expenses, excluding depreciation and amortization: | 84,181 |  | 42,751 |  | 7,334 |  | 23,424 |  | 157,690 |  | 31,617 |  | 189,307 |
Depreciation and amortization | — |  | — |  | — |  | — |  | 7,117 |  | 1,257 |  | 8,374 |
Operating (loss) income | $ | 2,736 |  | $ | 6,507 |  | $ | 17,780 |  | $ | 1,210 |  | $ | 21,116 |  | $ | (27,294) |  | $ | (6,178) |
Total other income |  |  |  |  |  |  | 17,725 |
Income before income tax provision |  |  |  |  |  |  | $ | 11,547 |
Segment information for fiscal year 2023 is as follows (in thousands):
| Fresh Lemons | Lemon Packing | Avocados | Other Agribusiness | Total Agribusiness | Corporate and Other | Total
Revenues from external customers | $ | 86,364 |  | $ | 51,654 |  | $ | 7,046 |  | $ | 29,317 |  | $ | 174,381 |  | $ | 5,520 |  | $ | 179,901 |
Costs and expenses, excluding depreciation and amortization: |  |  |  |  |  |  |
Labor and benefits | — |  | 19,221 |  | — |  | — |  | 19,221 |  | — |  | 19,221 |
Packing supplies and fruit treatments | — |  | 14,711 |  | — |  | — |  | 14,711 |  | — |  | 14,711 |
Harvest costs | 17,374 |  | — |  | 759 |  | 480 |  | 18,613 |  | — |  | 18,613 |
Growing costs | 17,995 |  | — |  | 3,275 |  | 12,108 |  | 33,378 |  | — |  | 33,378 |
Third party grower and supplier costs | 51,152 |  | — |  | — |  | 10,122 |  | 61,274 |  | — |  | 61,274 |
Other segment items | — |  | 11,757 |  | — |  | 2,892 |  | 14,649 |  | 3,925 |  | 18,574 |
Gain on legal settlement | — |  | — |  | — |  | — |  | — |  | (2,269) |  | (2,269) |
Gain on disposal of assets, net | — |  | — |  | — |  | — |  | — |  | (28,849) |  | (28,849) |
Selling, general and administrative | — |  | — |  | — |  | — |  | — |  | 25,889 |  | 25,889 |
Costs and expenses (gains), excluding depreciation and amortization | 86,521 |  | 45,689 |  | 4,034 |  | 25,602 |  | 161,846 |  | (1,304) |  | 160,542 |
Depreciation and amortization | — |  | — |  | — |  | — |  | 7,323 |  | 1,253 |  | 8,576 |
Operating income (loss) | $ | (157) |  | $ | 5,965 |  | $ | 3,012 |  | $ | 3,715 |  | $ | 5,212 |  | $ | 5,571 |  | $ | 10,783 |
Total other income |  |  |  |  |  |  | 2,581 |
Income before income tax provision |  |  |  |  |  |  | $ | 13,364 |
Revenue related to rental operations are included in “Corporate and Other.” The detail of other agribusiness revenues for fiscal years ended October 31, is as follows (in thousands):
|  |  |  |  | 2025 |  | 2024 |  | 2023
Oranges |  |  |  |  | $ | 7,745 |  |  | $ | 5,189 |  |  | $ | 5,779 |
Specialty citrus and wine grapes |  |  |  |  | 4,010 |  |  | 5,089 |  |  | 9,515 |
Farm management |  |  |  |  | 1,622 |  |  | 10,212 |  |  | 9,931 |
Other |  |  |  |  | 3,609 |  |  | 4,144 |  |  | 4,092 |
Other agribusiness revenues |  |  |  |  | $ | 16,986 |  |  | $ | 24,634 |  |  | $ | 29,317 |

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- 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 + Details
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