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Segment Information
6 Months Ended
Apr. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company operates in four reportable operating segments: fresh lemons, lemon packing, avocados and other agribusiness. The reportable operating segments of the Company are strategic business units with different products and services, distribution processes and customer bases. The fresh lemons segment includes sales, farming and harvest costs and third-party grower and supplier costs relative to fresh lemons. The lemon packing segment includes packing revenues and lemon packing costs. The lemon packing segment revenues include intersegment revenues between fresh lemons and lemon packing. The intersegment revenues are included gross in the segment note and a separate line item is shown as an elimination. The avocados segment includes sales, farming and harvest costs. The other agribusiness segment primarily includes sales, farm management, farming and harvest costs, brokered fruit costs of oranges and specialty citrus, wine grapes, fallowing revenue, shipping revenue and shipping costs.
The Company does not separately allocate depreciation and amortization to its fresh lemons, lemon packing, avocados and other agribusiness segments. No asset information is provided for reportable operating segments, as these specified amounts are not included in the measure of segment profit or loss reviewed by the Company’s chief operating decision maker. The Company measures operating performance, including revenues and operating income, of its operating segments and allocates resources based on its evaluation. The Company does not allocate selling, general and administrative expense, loss (gain) on disposal of assets, net, gain on sales of water rights, total other income and income taxes, or specifically identify them to its operating segments. The lemon packing segment earns packing revenue for packing lemons grown on the Company’s orchards and lemons procured from third-party growers. Intersegment revenues represent packing revenues related to lemons grown on the Company’s orchards.
Segment information for the three months ended April 30, 2025 is as follows (in thousands):
 Fresh
Lemons
Lemon
Packing
Eliminations
Avocados
Other
Agribusiness
Total
Agribusiness
Corporate
and Other
Total
Revenues from external customers$22,652 $4,652 $— $2,780 $3,498 $33,582 $1,537 $35,119 
Intersegment revenues— 9,196 (9,196)— — — — — 
Total net revenues22,652 13,848 (9,196)2,780 3,498 33,582 1,537 35,119 
Costs and expenses 22,279 12,126 (9,196)1,623 3,006 29,838 6,517 36,355 
Depreciation and amortization— — — — — 1,866 243 2,109 
Operating (loss) income$373 $1,722 $— $1,157 $492 $1,878 $(5,223)$(3,345)
17. Segment Information (continued)
Segment information for the three months ended April 30, 2024 is as follows (in thousands):
 Fresh
Lemons
Lemon
Packing
Eliminations
Avocados
Other
Agribusiness
Total
Agribusiness
Corporate
and Other
Total
Revenues from external customers$30,841 $4,964 $— $2,348 $5,104 $43,257 $1,349 $44,606 
Intersegment revenues— 10,914 (10,914)— — — — — 
Total net revenues30,841 15,878 (10,914)2,348 5,104 43,257 1,349 44,606 
Costs and expenses28,869 13,588 (10,914)1,425 5,680 38,648 8,533 47,181 
Depreciation and amortization— — — — — 1,788 312 2,100 
Operating (loss) income$1,972 $2,290 $— $923 $(576)$2,821 $(7,496)$(4,675)
Segment information for the six months ended April 30, 2025 is as follows (in thousands):
 Fresh
Lemons
Lemon
Packing
Eliminations
Avocados
Other
Agribusiness
Total
Agribusiness
Corporate
and Other
Total
Revenues from external customers$46,368 $9,197 $— $2,942 $7,927 $66,434 $2,990 $69,424 
Intersegment revenues— 16,466 (16,466)— — — — — 
Total net revenues46,368 25,663 (16,466)2,942 7,927 66,434 2,990 69,424 
Costs and expenses46,708 22,717 (16,466)1,660 6,944 61,563 12,427 73,990 
Depreciation and amortization— — — — — 3,640 485 4,125 
Operating (loss) income$(340)$2,946 $— $1,282 $983 $1,231 $(9,922)$(8,691)
Segment information for the six months ended April 30, 2024 is as follows (in thousands):
 Fresh
Lemons
Lemon
Packing
Eliminations
Avocados
Other
Agribusiness
Total
Agribusiness
Corporate
and Other
Total
Revenues from external customers$58,225 $10,556 $— $2,348 $10,467 $81,596 $2,741 $84,337 
Intersegment revenues— 17,630 (17,630)— — — — — 
Total net revenues58,225 28,186 (17,630)2,348 10,467 81,596 2,741 84,337 
Costs and expenses57,710 24,306 (17,630)1,425 10,207 76,018 16,581 92,599 
Depreciation and amortization— — — — — 3,532 626 4,158 
Operating (loss) income$515 $3,880 $— $923 $260 $2,046 $(14,466)$(12,420)
Revenues related to rental operations are included in “Corporate and Other.” The detail of other agribusiness revenues is as follows (in thousands):
 Three Months Ended
April 30,
Six Months Ended
April 30,
 2025202420252024
Oranges$1,574 $1,160 $3,142 $2,301 
Specialty citrus and wine grapes671 839 1,174 1,925 
Farm management339 2,046 1,520 4,094 
Other914 1,059 2,091 2,147 
Other agribusiness revenues$3,498 $5,104 $7,927 $10,467