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Segment Information
9 Months Ended
Jul. 31, 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, impairment of intangible asset, loss (gain) on disposal of assets, net, gain on sales of water rights, total other (expense) 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.
Segment information for the three months ended July 31, 2025 is as follows (in thousands):
 Fresh
Lemons
Lemon
Packing
Eliminations
Avocados
Other
Agribusiness
Total
Agribusiness
Corporate
and Other
Total
Revenues from external customers$28,123 $6,063 $— $8,488 $3,268 $45,942 $1,536 $47,478 
Intersegment revenues— 8,493 (8,493)— — — — — 
Total net revenues28,123 14,556 (8,493)8,488 3,268 45,942 1,536 47,478 
Costs and expenses 29,298 12,724 (8,493)3,733 2,546 39,808 5,818 45,626 
Depreciation and amortization— — — — — 2,242 240 2,482 
Operating (loss) income$(1,175)$1,832 $— $4,755 $722 $3,892 $(4,522)$(630)
17. Segment Information (continued)
Segment information for the three months ended July 31, 2024 is as follows (in thousands):
 Fresh
Lemons
Lemon
Packing
Eliminations
Avocados
Other
Agribusiness
Total
Agribusiness
Corporate
and Other
Total
Revenues from external customers$36,746 $5,200 $— $13,897 $6,006 $61,849 $1,456 $63,305 
Intersegment revenues— 10,499 (10,499)— — — — — 
Total net revenues36,746 15,699 (10,499)13,897 6,006 61,849 1,456 63,305 
Costs and expenses32,977 11,144 (10,499)4,104 5,912 43,638 8,559 52,197 
Depreciation and amortization— — — — — 1,799 316 2,115 
Operating income (loss)$3,769 $4,555 $— $9,793 $94 $16,412 $(7,419)$8,993 
Segment information for the nine months ended July 31, 2025 is as follows (in thousands):
 Fresh
Lemons
Lemon
Packing
Eliminations
Avocados
Other
Agribusiness
Total
Agribusiness
Corporate
and Other
Total
Revenues from external customers$74,491 $15,260 $— $11,430 $11,195 $112,376 $4,526 $116,902 
Intersegment revenues— 24,959 (24,959)— — — — — 
Total net revenues74,491 40,219 (24,959)11,430 11,195 112,376 4,526 116,902 
Costs and expenses76,006 35,441 (24,959)5,393 9,490 101,371 18,245 119,616 
Depreciation and amortization— — — — — 5,882 725 6,607 
Operating (loss) income$(1,515)$4,778 $— $6,037 $1,705 $5,123 $(14,444)$(9,321)
Segment information for the nine months ended July 31, 2024 is as follows (in thousands):
 Fresh
Lemons
Lemon
Packing
Eliminations
Avocados
Other
Agribusiness
Total
Agribusiness
Corporate
and Other
Total
Revenues from external customers$94,971 $15,756 $— $16,245 $16,473 $143,445 $4,197 $147,642 
Intersegment revenues— 28,129 (28,129)— — — — — 
Total net revenues94,971 43,885 (28,129)16,245 16,473 143,445 4,197 147,642 
Costs and expenses90,687 35,450 (28,129)5,529 16,119 119,656 25,140 144,796 
Depreciation and amortization— — — — — 5,331 942 6,273 
Operating (loss) income$4,284 $8,435 $— $10,716 $354 $18,458 $(21,885)$(3,427)
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
July 31,
Nine Months Ended
July 31,
 2025202420252024
Oranges$1,696 $1,160 $4,838 $3,461 
Specialty citrus and wine grapes618 550 1,792 2,475 
Farm management102 3,202 1,622 7,296 
Other852 1,094 2,943 3,241 
Other agribusiness revenues$3,268 $6,006 $11,195 $16,473