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Segment Information (Tables)

12 Months Ended

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

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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