XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Leases | 3 Months Ended
--- | ---
Jan. 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 18 years with various renewal terms available. All of the residential rentals have month-to-month lease terms. The Company’s rental operations revenue consists of the following (in thousands):
|  |  | Three Months Ended January 31, |  |
|  |  |  |  | 2025 |  | 2024 |  |
Operating lease revenue |  |  |  |  | $ | 1,328 |  |  | $ | 1,292 |  |  |
Variable lease revenue |  |  |  |  | 125 |  |  | 100 |  |  |
Total lease revenue |  |  |  |  | $ | 1,453 |  |  | $ | 1,392 |  |  |
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 (in thousands):
|  |  | Three Months Ended January 31,
|  |  |  |  | 2025 |  | 2024
Operating lease costs |  |  |  |  | $ | 520 |  |  | $ | 499 |
Finance lease costs: |  |  |  |  |  |  |
Amortization of lease assets |  |  |  |  | 61 |  |  | 47 |
Interest on lease liabilities |  |  |  |  | 11 |  |  | 9 |
Variable lease costs |  |  |  |  | 7 |  |  | (18) |
Short-term lease costs |  |  |  |  | 24 |  |  | 69 |
Total lease costs |  |  |  |  | $ | 623 |  |  | $ | 606 |
Supplemental balance sheet information related to leases consists of the following (in thousands):
| Classification |  | January 31, 2025 |  | October 31, 2024
Assets |  |  |  |  |
Operating lease ROU assets | Other assets |  | $ | 2,127 |  |  | $ | 2,416 |
Finance lease assets | Other assets |  | 711 |  |  | 772 |
|  |  | $ | 2,838 |  |  | $ | 3,188 |
Liabilities |  |  |  |  |
Current operating lease liabilities | Accrued liabilities |  | $ | 1,722 |  |  | $ | 2,075 |
Current finance lease liabilities | Accrued liabilities |  | 220 |  |  | 220 |
Non-current operating lease liabilities | Other long-term liabilities |  | 433 |  |  | 400 |
Non-current finance lease liabilities | Other long-term liabilities |  | 374 |  |  | 418 |
|  |  | $ | 2,749 |  |  | $ | 3,113 |
Supplemental cash flow information related to leases consists of the following (in thousands):
| Three Months Ended January 31, |  |
| 2025 |  | 2024 |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash outflows from operating leases | $ | 549 |  |  | $ | 513 |  |  |
Operating cash outflows from finance leases | $ | 11 |  |  | $ | 9 |  |  |
Financing cash outflows from finance leases | $ | 44 |  |  | $ | 71 |  |  |
ROU assets obtained in exchange for new operating lease liabilities | $ | 186 |  |  | $ | 352 |  |  |
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 18 years with various renewal terms available. All of the residential rentals have month-to-month lease terms. The Company’s rental operations revenue consists of the following (in thousands):
|  |  | Three Months Ended January 31, |  |
|  |  |  |  | 2025 |  | 2024 |  |
Operating lease revenue |  |  |  |  | $ | 1,328 |  |  | $ | 1,292 |  |  |
Variable lease revenue |  |  |  |  | 125 |  |  | 100 |  |  |
Total lease revenue |  |  |  |  | $ | 1,453 |  |  | $ | 1,392 |  |  |
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 (in thousands):
|  |  | Three Months Ended January 31,
|  |  |  |  | 2025 |  | 2024
Operating lease costs |  |  |  |  | $ | 520 |  |  | $ | 499 |
Finance lease costs: |  |  |  |  |  |  |
Amortization of lease assets |  |  |  |  | 61 |  |  | 47 |
Interest on lease liabilities |  |  |  |  | 11 |  |  | 9 |
Variable lease costs |  |  |  |  | 7 |  |  | (18) |
Short-term lease costs |  |  |  |  | 24 |  |  | 69 |
Total lease costs |  |  |  |  | $ | 623 |  |  | $ | 606 |
Supplemental balance sheet information related to leases consists of the following (in thousands):
| Classification |  | January 31, 2025 |  | October 31, 2024
Assets |  |  |  |  |
Operating lease ROU assets | Other assets |  | $ | 2,127 |  |  | $ | 2,416 |
Finance lease assets | Other assets |  | 711 |  |  | 772 |
|  |  | $ | 2,838 |  |  | $ | 3,188 |
Liabilities |  |  |  |  |
Current operating lease liabilities | Accrued liabilities |  | $ | 1,722 |  |  | $ | 2,075 |
Current finance lease liabilities | Accrued liabilities |  | 220 |  |  | 220 |
Non-current operating lease liabilities | Other long-term liabilities |  | 433 |  |  | 400 |
Non-current finance lease liabilities | Other long-term liabilities |  | 374 |  |  | 418 |
|  |  | $ | 2,749 |  |  | $ | 3,113 |
Supplemental cash flow information related to leases consists of the following (in thousands):
| Three Months Ended January 31, |  |
| 2025 |  | 2024 |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash outflows from operating leases | $ | 549 |  |  | $ | 513 |  |  |
Operating cash outflows from finance leases | $ | 11 |  |  | $ | 9 |  |  |
Financing cash outflows from finance leases | $ | 44 |  |  | $ | 71 |  |  |
ROU assets obtained in exchange for new operating lease liabilities | $ | 186 |  |  | $ | 352 |  |  |

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for lessor's operating leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-30/tableOfContent + Details
Name: | us-gaap_OperatingLeasesOfLessorDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration