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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,
20252024
Operating lease revenue$1,328 $1,292 
Variable lease revenue125 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,
20252024
Operating lease costs$520 $499 
Finance lease costs:
Amortization of lease assets61 47 
Interest on lease liabilities11 9 
Variable lease costs7 (18)
Short-term lease costs24 69 
Total lease costs$623 $606 
Supplemental balance sheet information related to leases consists of the following (in thousands):
ClassificationJanuary 31, 2025October 31, 2024
Assets
Operating lease ROU assetsOther assets$2,127 $2,416 
Finance lease assetsOther assets711 772 
$2,838 $3,188 
Liabilities
Current operating lease liabilitiesAccrued liabilities$1,722 $2,075 
Current finance lease liabilitiesAccrued liabilities220 220 
Non-current operating lease liabilitiesOther long-term liabilities433 400 
Non-current finance lease liabilitiesOther long-term liabilities374 418 
$2,749 $3,113 
Supplemental cash flow information related to leases consists of the following (in thousands):
Three Months Ended
January 31,
20252024
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,
20252024
Operating lease revenue$1,328 $1,292 
Variable lease revenue125 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,
20252024
Operating lease costs$520 $499 
Finance lease costs:
Amortization of lease assets61 47 
Interest on lease liabilities11 9 
Variable lease costs7 (18)
Short-term lease costs24 69 
Total lease costs$623 $606 
Supplemental balance sheet information related to leases consists of the following (in thousands):
ClassificationJanuary 31, 2025October 31, 2024
Assets
Operating lease ROU assetsOther assets$2,127 $2,416 
Finance lease assetsOther assets711 772 
$2,838 $3,188 
Liabilities
Current operating lease liabilitiesAccrued liabilities$1,722 $2,075 
Current finance lease liabilitiesAccrued liabilities220 220 
Non-current operating lease liabilitiesOther long-term liabilities433 400 
Non-current finance lease liabilitiesOther long-term liabilities374 418 
$2,749 $3,113 
Supplemental cash flow information related to leases consists of the following (in thousands):
Three Months Ended
January 31,
20252024
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