0001342423-21-000024 | 10-Q | XBRL Viewer

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Cover - shares	9 Months Ended
Cover - shares	Jul. 31, 2021	Aug. 31, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2021
Document Transition Report	false
Entity File Number	001-34755
Entity Registrant Name	LIMONEIRA COMPANY
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0260692
Entity Address, Address Line One	1141 Cummings Road
Entity Address, City or Town	Santa Paula
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	93060
City Area Code	805
Local Phone Number	525-5541
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	LMNR
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		17,685,400
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001342423
Current Fiscal Year End Date	--10-31

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jul. 31, 2021	Oct. 31, 2020
Current assets:
Cash	$ 775	$ 501
Accounts receivable, net	16,427	16,261
Cultural costs	5,426	6,865
Prepaid expenses and other current assets	10,219	10,688
Receivables/other from related parties	4,687	2,294
Income taxes receivable	0	5,911
Total current assets	37,534	42,520
Property, plant and equipment, net	244,900	242,649
Real estate development	22,251	21,636
Equity in investments	63,446	61,214
Goodwill	1,539	1,535
Intangible assets, net	8,680	11,309
Other assets	9,920	8,737
Total assets	388,270	389,600
Current liabilities:
Accounts payable	8,336	5,838
Growers payable	10,328	8,126
Accrued liabilities	5,639	7,947
Payables to related parties	7,101	6,273
Current portion of long-term debt	2,236	3,277
Total current liabilities	33,640	31,461
Long-term liabilities:
Long-term debt, less current portion	120,935	122,571
Deferred income taxes	23,526	22,430
Other long-term liabilities	6,374	6,568
Total liabilities	184,475	183,030
Commitments and contingencies (See Note 16)	0	0
Stockholders' Equity:
Common Stock – 0.01 par value (39,000,000 shares authorized: 17,936,377 and 17,857,707 shares issued and 17,685,400 and 17,606,730 shares outstanding at July 31, 2021 and October 31, 2020, respectively)	179	179
Additional paid-in capital	163,460	162,084
Retained earnings	27,874	30,797
Accumulated other comprehensive loss	(6,815)	(7,548)
Treasury stock, at cost, 250,977 shares at July 31, 2021 and October 31, 2020	(3,493)	(3,493)
Noncontrolling interest	11,780	13,741
Total stockholders' equity	192,985	195,760
Total liabilities and stockholders' equity	388,270	389,600
Series B Convertible Preferred Stock
Long-term liabilities:
Convertible Preferred Stock	1,479	1,479
Series B-2 Preferred
Long-term liabilities:
Convertible Preferred Stock	9,331	9,331
Series A Junior Participating Preferred Stock
Stockholders' Equity:
Series A Junior Participating Preferred Stock – $0.01 par value (20,000 shares authorized: zero issued or outstanding at July 31, 2021 and October 31, 2020)	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	9 Months Ended	12 Months Ended
	Jul. 31, 2021	Oct. 31, 2020
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	39,000,000	39,000,000
Common stock, shares issued (in shares)	17,936,377	17,857,707
Common stock, outstanding (in shares)	17,685,400	17,606,730
Common stock in treasury (in shares)	250,977	250,977
Series B Convertible Preferred Stock
Preferred stock, par value (in dollars per share)	$ 100.00	$ 100.00
Preferred stock, shares authorized (in shares)	50,000	50,000
Preferred stock, shares issued (in shares)	14,790	14,790
Preferred stock, shares outstanding (in shares)	14,790	14,790
Coupon rate	8.75%	8.75%
Series B-2 Preferred
Preferred stock, par value (in dollars per share)	$ 100.00	$ 100.00
Preferred stock, shares authorized (in shares)	10,000	10,000
Preferred stock, shares issued (in shares)	9,300	9,300
Preferred stock, shares outstanding (in shares)	9,300	9,300
Coupon rate	4.00%	4.00%
Liquidation preference per share (in dollars per share)	$ 1,000	$ 1,000
Series A Junior Participating Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	20,000	20,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Net revenues:
Agribusiness	$ 47,954	$ 52,387	$ 129,080	$ 131,309
Other operations	1,171	1,172	3,452	3,477
Total net revenues	49,125	53,559	132,532	134,786
Costs and expenses:
Agribusiness	40,691	46,826	114,071	125,318
Other operations	1,017	1,010	3,189	3,396
Selling, general and administrative	4,043	3,909	15,154	15,557
Total costs and expenses	45,751	51,745	132,414	144,271
Operating income (loss)	3,374	1,814	118	(9,485)
Other income (expense):
Interest income	211	0	279	0
Interest expense, net of patronage dividends	(574)	(92)	(1,062)	(1,089)
Equity in earnings of investments, net	1,462	832	2,471	341
Loss on stock in Calavo Growers, Inc.	0	0	0	(6,299)
Other income, net	32	11	83	246
Total other income (expense)	1,131	751	1,771	(6,801)
Income (loss) before income tax (provision) benefit	4,505	2,565	1,889	(16,286)
Income tax (provision) benefit	(1,335)	(765)	(1,122)	5,876
Net income (loss)	3,170	1,800	767	(10,410)
Net loss attributable to noncontrolling interest	535	509	663	1,409
Net income (loss) attributable to Limoneira Company	3,705	2,309	1,430	(9,001)
Preferred dividends	(125)	(125)	(376)	(376)
Net income (loss) attributable to common stock	$ 3,580	$ 2,184	$ 1,054	$ (9,377)
Basic net income (loss) per common share (in dollars per share)	$ 0.20	$ 0.12	$ 0.06	$ (0.54)
Diluted net income (loss) per common share (in dollars per share)	$ 0.20	$ 0.12	$ 0.06	$ (0.54)
Weighted-average common shares outstanding-basic (in shares)	17,461,000	17,623,000	17,439,000	17,607,000
Weighted-average common shares outstanding-diluted (in shares)	18,243,000	18,497,000	17,439,000	17,607,000
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]	Agribusiness	Agribusiness	Agribusiness	Agribusiness
Cost, Product and Service [Extensible List]	Agribusiness	Agribusiness	Agribusiness	Agribusiness

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 3,170	$ 1,800	$ 767	$ (10,410)
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(1,042)	1,410	330	(476)
Minimum pension liability adjustment, net of tax of $50, $50, $150 and $150 for the three and nine months ended July 31, 2021 and 2020, respectively.	135	135	403	330
Residual state tax effects on sale of equity securities	0	0	0	140
Total other comprehensive (loss) income, net of tax	(907)	1,545	733	(6)
Comprehensive income (loss)	2,263	3,345	1,500	(10,416)
Comprehensive loss attributable to noncontrolling interest	558	544	630	1,431
Comprehensive income (loss) attributable to Limoneira Company	$ 2,821	$ 3,889	$ 2,130	$ (8,985)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Statement of Other Comprehensive Income [Abstract]
Minimum pension liability adjustment, tax	$ 50	$ 50	$ 150	$ 150

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY - USD ($) $ in Thousands	Total	Series B Preferred	Series B-2 Preferred	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Series B Preferred	Retained Earnings Series B-2 Preferred	Accumulated Other Comprehensive (Loss) Income	Treasury Stock	Noncontrolling Interest
Beginning balance (in shares) at Oct. 31, 2019				17,756,180
Beginning balance at Oct. 31, 2019	$ 221,688			$ 178	$ 160,254	$ 53,089			$ (7,255)		$ 15,422
Stockholders' Equity
Dividends Common	(1,338)					(1,338)
Dividends Preferred		$ (32)	$ (93)				$ (32)	$ (93)
Stock compensation (in shares)				112,841
Stock compensation	829			$ 1	828
Exchange of common stock (in shares)				(11,314)
Exchange of common stock	(213)				(213)
Net income (loss)	(6,904)					(6,427)					(477)
Other comprehensive (loss) income, net of tax	(1,120)								(1,132)		12
Ending balance (in shares) at Jan. 31, 2020				17,857,707
Ending balance at Jan. 31, 2020	212,817			$ 179	160,869	45,199			(8,387)		14,957
Beginning balance, temporary equity at Oct. 31, 2019		1,479	9,331
Ending balance, temporary equity at Jan. 31, 2020		1,479	9,331
Beginning balance (in shares) at Oct. 31, 2019				17,756,180
Beginning balance at Oct. 31, 2019	221,688			$ 178	160,254	53,089			(7,255)		15,422
Stockholders' Equity
Net income (loss)	(10,410)
Ending balance (in shares) at Jul. 31, 2020				17,815,607
Ending balance at Jul. 31, 2020	207,552			$ 179	161,655	39,695			(7,261)	$ (562)	13,846
Beginning balance, temporary equity at Oct. 31, 2019		1,479	9,331
Ending balance, temporary equity at Jul. 31, 2020		1,479	9,331
Beginning balance (in shares) at Oct. 31, 2019				17,756,180
Beginning balance at Oct. 31, 2019	$ 221,688			$ 178	160,254	53,089			(7,255)		15,422
Stockholders' Equity
Treasury shares (in shares)	(250,977)
Treasury shares	$ (3,493)
Ending balance (in shares) at Oct. 31, 2020				17,606,730
Ending balance at Oct. 31, 2020	195,760			$ 179	162,084	30,797			(7,548)	(3,493)	13,741
Beginning balance, temporary equity at Oct. 31, 2019		1,479	9,331
Ending balance, temporary equity at Oct. 31, 2020		1,479	9,331
Beginning balance (in shares) at Jan. 31, 2020				17,857,707
Beginning balance at Jan. 31, 2020	212,817			$ 179	160,869	45,199			(8,387)		14,957
Stockholders' Equity
Dividends Common	(1,341)					(1,341)
Dividends Preferred		(32)	(93)				(32)	(93)
Stock compensation	358				358
Noncontrolling interest adjustment	(145)										(145)
Net income (loss)	(5,306)					(4,883)					(423)
Other comprehensive (loss) income, net of tax	(418)								(419)		1
Ending balance (in shares) at Apr. 30, 2020				17,857,707
Ending balance at Apr. 30, 2020	205,840			$ 179	161,227	38,850			(8,806)	0	14,390
Beginning balance, temporary equity at Jan. 31, 2020		1,479	9,331
Ending balance, temporary equity at Apr. 30, 2020		1,479	9,331
Stockholders' Equity
Dividends Common	(1,338)					(1,338)
Dividends Preferred		(33)	(93)				(33)	(93)
Stock compensation	428				428
Treasury shares (in shares)				(42,100)
Treasury shares	(562)									(562)
Net income (loss)	1,800					2,309					(509)
Other comprehensive (loss) income, net of tax	1,510								1,545		(35)
Ending balance (in shares) at Jul. 31, 2020				17,815,607
Ending balance at Jul. 31, 2020	207,552			$ 179	161,655	39,695			(7,261)	(562)	13,846
Ending balance, temporary equity at Jul. 31, 2020		1,479	9,331
Beginning balance (in shares) at Oct. 31, 2020				17,606,730
Beginning balance at Oct. 31, 2020	195,760			$ 179	162,084	30,797			(7,548)	(3,493)	13,741
Stockholders' Equity
Dividends Common	(1,324)					(1,324)
Dividends Preferred		(32)	(93)				(32)	(93)
Stock compensation (in shares)				125,190
Stock compensation	1,067			$ 1	1,066
Exchange of common stock (in shares)				(46,993)
Exchange of common stock	(701)			$ (1)	(700)
Net income (loss)	(3,916)					(4,208)					292
Other comprehensive (loss) income, net of tax	968								929		39
Ending balance (in shares) at Jan. 31, 2021				17,684,927
Ending balance at Jan. 31, 2021	191,729			$ 179	162,450	25,140			(6,619)	(3,493)	14,072
Beginning balance, temporary equity at Oct. 31, 2020		1,479	9,331
Ending balance, temporary equity at Jan. 31, 2021		1,479	9,331
Beginning balance (in shares) at Oct. 31, 2020				17,606,730
Beginning balance at Oct. 31, 2020	195,760			$ 179	162,084	30,797			(7,548)	(3,493)	13,741
Stockholders' Equity
Net income (loss)	767
Ending balance (in shares) at Jul. 31, 2021				17,685,400
Ending balance at Jul. 31, 2021	192,985			$ 179	163,460	27,874			(6,815)	(3,493)	11,780
Beginning balance, temporary equity at Oct. 31, 2020		1,479	9,331
Ending balance, temporary equity at Jul. 31, 2021		1,479	9,331
Beginning balance (in shares) at Jan. 31, 2021				17,684,927
Beginning balance at Jan. 31, 2021	191,729			$ 179	162,450	25,140			(6,619)	(3,493)	14,072
Stockholders' Equity
Dividends Common	(1,327)					(1,327)
Dividends Preferred		(33)	(93)				(33)	(93)
Stock compensation (in shares)				473
Stock compensation	570				570
Net income (loss)	1,513					1,933					(420)
Other comprehensive (loss) income, net of tax	728								711		17
Ending balance (in shares) at Apr. 30, 2021				17,685,400
Ending balance at Apr. 30, 2021	193,087			$ 179	163,020	25,620			(5,908)	(3,493)	13,669
Beginning balance, temporary equity at Jan. 31, 2021		1,479	9,331
Ending balance, temporary equity at Apr. 30, 2021		1,479	9,331
Stockholders' Equity
Dividends Common	(1,326)					(1,326)
Dividends Preferred		(32)	(93)				$ (32)	$ (93)
Stock compensation	440				440
Noncontrolling interest adjustment	(1,331)										(1,331)
Net income (loss)	3,170					3,705					(535)
Other comprehensive (loss) income, net of tax	(930)								(907)		(23)
Ending balance (in shares) at Jul. 31, 2021				17,685,400
Ending balance at Jul. 31, 2021	$ 192,985			$ 179	$ 163,460	$ 27,874			$ (6,815)	$ (3,493)	$ 11,780
Ending balance, temporary equity at Jul. 31, 2021		$ 1,479	$ 9,331

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Jul. 31, 2021	Apr. 30, 2021	Jan. 31, 2021	Jul. 31, 2020	Apr. 30, 2020	Jan. 31, 2020
Dividends - Common (in dollars per share)	$ 0.075	$ 0.075	$ 0.075	$ 0.075	$ 0.075	$ 0.075
Series B Preferred
Dividends - Preferred (in dollars per share)	2.19	2.19	2.19	2.19	2.19	2.19
Series B-2 Preferred
Dividends - Preferred (in dollars per share)	$ 10	$ 10	$ 10	$ 10	$ 10	$ 10

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Operating activities
Net income (loss)	$ 767	$ (10,410)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	7,490	7,555
(Gain) or loss on disposals of assets	(20)	519
Stock compensation expense	2,077	1,615
Non-cash lease expense	346	349
Equity in earnings of investments, net	(2,471)	(341)
Deferred income taxes	1,122	(581)
Loss on stock in Calavo Growers, Inc.	0	6,299
Other, net	193	(19)
Changes in operating assets and liabilities:
Accounts receivable and receivables/other from related parties	(2,301)	(6,367)
Cultural costs	1,430	1,118
Prepaid expenses and other current assets	(494)	(1,811)
Income taxes receivable	5,911	(4,848)
Other assets	52	108
Accounts payable and growers payable	4,731	(2,969)
Accrued liabilities and payables to related parties	(1,612)	(1,472)
Other long-term liabilities	(419)	(139)
Net cash provided by (used in) operating activities	16,802	(11,394)
Investing activities
Capital expenditures	(8,282)	(8,189)
Net proceeds from sales of assets	87	0
Net proceeds from sale of stock in Calavo Growers, Inc.	0	11,048
Loan to Limoneira Lewis Community Builders, LLC	0	(1,800)
Collection on loan and note receivable	25	1,800
Equity investment contributions	0	(2,800)
Cash distribution from equity investment	106	0
Investments in mutual water companies and water rights	(652)	(55)
Insurance proceeds received	0	250
Net cash (used in) provided by investing activities	(8,716)	254
Financing activities
Borrowings of long-term debt	69,682	94,080
Repayments of long-term debt	(72,438)	(77,363)
Dividends paid – common	(3,977)	(4,017)
Dividends paid – preferred	(376)	(376)
Exchange of common stock	(700)	(213)
Purchase of treasury stock	0	(562)
Payments of deferred financing costs	0	(70)
Net cash (used in) provided by financing activities	(7,809)	11,479
Effect of exchange rate changes on cash	(3)	(77)
Net increase in cash	274	262
Cash at beginning of period	501	616
Cash at end of period	775	878
Supplemental disclosures of cash flow information
Cash paid during the period for interest, net of amounts capitalized	1,340	1,666
Cash received during the period for income taxes, net	5,942	361
Non-cash investing and financing activities:
Capital expenditures accrued but not paid at period-end	$ 437	$ 2,806

Organization and Basis of Presentation	9 Months Ended
Organization and Basis of Presentation	Jul. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	Organization and Basis of Presentation Business Limoneira Company (together with its consolidated subsidiaries, the “Company”) engages primarily in growing citrus and avocados, picking and hauling citrus, and packing, marketing and selling lemons. The Company is also engaged in residential rentals and other rental operations and real estate development activities. The Company markets and sells lemons directly to food service, wholesale and retail customers throughout the United States, Canada, Asia, Europe and other international markets. The Company is a member of Sunkist Growers, Inc. (“Sunkist”), an agricultural marketing cooperative, and sells its oranges, specialty citrus and other crops to Sunkist-licensed and other third-party packinghouses. The Company sells the majority of its avocado production to Calavo Growers, Inc. (“Calavo”), a packing and marketing company listed on the NASDAQ Global Select Market under the symbol CVGW. Calavo’s customers include many of the largest retail and food service companies in the United States and Canada. Calavo packs the Company’s avocados, which are then sold and distributed under Calavo brands to its customers. Basis of Presentation and Preparation The accompanying unaudited interim consolidated financial statements include the accounts of the Company and the accounts of all the subsidiaries and investments in which the Company holds a controlling interest. Intercompany accounts and transactions have been eliminated. In the opinion of the Company, the unaudited interim consolidated financial statements reflect all adjustments, which are normal and recurring in nature, necessary for fair financial statement presentation. The preparation of these unaudited interim consolidated financial statements and accompanying notes in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from those estimates. Certain information and footnote disclosures normally included in the annual consolidated financial statements have been condensed or omitted pursuant to the rules and regulations of the SEC. Because the consolidated financial statements do not include all of the information and notes required by GAAP for a complete set of consolidated financial statements, they should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K.

Summary of Significant Accounting Policies

9 Months Ended

Jul. 31, 2021

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Comprehensive Income (Loss)

Comprehensive income (loss) represents all changes in a company’s net assets, except changes resulting from transactions with stockholders. Other comprehensive income or loss primarily includes foreign currency translation items and defined benefit pension items. Accumulated other comprehensive (loss) income is reported as a component of the Company's stockholders' equity.

The following tables summarizes the changes in other comprehensive (loss) income by component (in thousands):


	Three Months Ended July 31,
	2021						2020
	Pre-tax Amount		Tax Expense		Net Amount		Pre-tax Amount		Tax Expense		Net Amount
Foreign currency translation adjustments	$	(1,042)	$	—	$	(1,042)	$	1,410	$	—	$	1,410
Minimum pension liability adjustments:
Other comprehensive gain before reclassifications	185		(50)		135		185		(50)		135


Other comprehensive (loss) income	$	(857)	$	(50)	$	(907)	$	1,595	$	(50)	$	1,545

2. Summary of Significant Accounting Policies (continued)


	Nine Months Ended July 31,
	2021						2020
	Pre-tax Amount		Tax Expense		Net Amount		Pre-tax Amount		Tax Expense		Net Amount
Foreign currency translation adjustments	$	330	$	—	$	330	$	(476)	$	—	$	(476)
Minimum pension liability adjustments:
Other comprehensive gain before reclassifications	553		(150)		403		480		(150)		330
Available-for-sale securities:
Amounts reclassified to earnings included in "Selling, general and administrative"	—		—		—		—		140		140
Other comprehensive income (loss)	$	883	$	(150)	$	733	$	4	$	(10)	$	(6)

The following table summarizes the changes in accumulated other comprehensive (loss) income by component (in thousands):


	Foreign Currency Translation (Loss) Income		Defined Benefit Pension Plan		Available-for-Sale Securities		Accumulated Other Comprehensive (Loss) Income
Balance as of October 31, 2020	$	(3,069)	$	(4,479)	$	—	$	(7,548)
Other comprehensive income	330		403		—		733
Balance as of July 31, 2021	$	(2,739)	$	(4,076)	$	—	$	(6,815)


	Foreign Currency Translation Loss		Defined Benefit Pension Plan		Available-for-Sale Securities		Accumulated Other Comprehensive Loss
Balance as of October 31, 2019	$	(2,362)	$	(4,753)	$	(140)	$	(7,255)
Other comprehensive (loss) income	(476)		330		140		(6)
Balance as of July 31, 2020	$	(2,838)	$	(4,423)	$	—	$	(7,261)

Recent Accounting Pronouncements

FASB ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, and related ASUs

This amendment requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses.

ASU 2016-13 is effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company adopted this ASU effective November 1, 2020 and the adoption did not have a material impact on its consolidated financial statements.

FASB ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

This amendment simplifies accounting for convertible instruments by removing major separation models currently required under GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument and more convertible preferred stock as a single equity instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted earnings per share (EPS) calculation in certain areas.

ASU 2020-06 is effective for public business entities that meet the definition of a SEC filer for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2020. The Company is evaluating the effect this ASU may have on its consolidated financial statements.

Concentrations and Geographic Information	9 Months Ended
Concentrations and Geographic Information	Jul. 31, 2021
Risks and Uncertainties [Abstract]
Concentrations and Geographic Information	Concentrations and Geographic Information Lemons procured from third-party growers were 57% and 64% of the Company's lemon supply in the three months ended July 31, 2021 and 2020, respectively, and were 51% and 60% of the Company's lemon supply in the nine months ended July 31, 2021 and 2020, respectively, of which one third-party grower was 10% of the lemon supply for the nine months ended July 31, 2021. The Company sells the majority of its avocado production to Calavo and sells a majority of its oranges and specialty citrus to a third-party packinghouse. Concentrations of credit risk with respect to revenues and account receivables are limited due to a large, diverse customer base. Two individual customers represented 17% and 13% of revenues, respectively, for the nine months ended July 31, 2021. No individual customer represented more than 10% of accounts receivable, net as of July 31, 2021. During the three months ended July 31, 2021 and 2020, the Company had approximately $578,000 and $643,000, respectively, of total sales in Chile by Fruticola Pan de Azucar S.A. ("PDA") and Agricola San Pablo SpA ("San Pablo"). During the nine months ended July 31, 2021 and 2020, the Company had approximately $2,555,000 and $2,103,000, respectively, of total sales in Chile by PDA and San Pablo. In June 2021, the Company entered into an agreement, effective March 1, 2021, to sell and license certain assets of Trapani Fresh to its 49% partner in the joint venture, FGF Trapani ("FGF"). These assets consist of packing supplies and certain intangible assets related to the packing, marketing, and selling business of Trapani Fresh. The total consideration to be received is approximately $3,900,000 over an 8-year term in 16 equal installments. Payments to be received are secured by FGF’s interest in land parcels at the Santa Clara ranch and consist of a $1,200,000 note receivable and $2,700,000 of royalty payments. There was no material gain or loss recognized on the transaction. Trapani Fresh continues to own and operate the 1,200-acre Santa Clara ranch and now sells the lemons it grows to FGF, who packs, markets, and sells the fruit to its export customers. As a result of this transaction, Trapani Fresh now recognizes lemon revenues at the market price less packinghouse charges to harvest, pack and market the fruit. During the three months ended July 31, 2021 and 2020, the Company had approximately $710,000 and $9,626,000, respectively, of total sales in Argentina by Trapani Fresh. During the nine months ended July 31, 2021 and 2020, the Company had approximately $3,265,000 and $12,105,000, respectively, of total sales in Argentina by Trapani Fresh. Aggregate foreign exchange transaction losses realized for our foreign subsidiaries was approximately $598,000 for the nine months ended July 31, 2021 and are included in selling, general and administrative expenses in the consolidated statements of operations. Foreign exchange transaction gains/losses were immaterial for the nine months ended July 31, 2020.

Prepaid Expenses and Other Current Assets

9 Months Ended

Jul. 31, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following (in thousands):


	July 31, 2021		October 31, 2020
Prepaid supplies and insurance	$	2,634	$	2,080

Note receivable and related interest	2,446		2,490
Real estate development held for sale	2,543		2,543
Sales tax receivable	807		1,867
Lemon supplier advances and other	1,789		1,708
	$	10,219	$	10,688

Real Estate Development

9 Months Ended

Jul. 31, 2021

Real Estate [Abstract]

Real Estate Development

Real estate development assets are comprised primarily of land and land development costs and consist of the following (in thousands):


	July 31, 2021		October 31, 2020

Retained Property - East Area I	$	13,011	$	13,169
East Area II	9,240		8,467

	$	22,251	$	21,636

5. Real Estate Development (continued)

East Area I, Retained Property and East Area II

In fiscal year 2005, the Company began capitalizing the costs of two real estate development projects east of Santa Paula, California, for the development of 550 acres of land into residential units, commercial buildings and civic facilities. On November 10, 2015 (the “Transaction Date”), the Company entered into a joint venture with The Lewis Group of Companies (“Lewis”) for the residential development of its East Area I real estate development project. To consummate the transaction, the Company formed Limoneira Lewis Community Builders, LLC (“LLCB” or “Joint Venture”) as the development entity, contributed its East Area I property to LLCB and sold a 50% interest in LLCB to Lewis for $20,000,000.

The Company and the Joint Venture also entered into a Retained Property Development Agreement on the Transaction Date (the "Retained Property Agreement"). Under the terms of the Retained Property Agreement, the Joint Venture transferred certain contributed East Area I property, which is entitled for commercial development, back to the Company (the "Retained Property") and arranged for the design and construction of certain improvements to the Retained Property, subject to certain reimbursements by the Company. The balance in Retained Property and East Area II includes estimated costs incurred by and reimbursable to LLCB of $5,600,000 and $5,300,000 at July 31, 2021 and October 31, 2020, respectively, which is included in payables to related parties.

In January 2018, the Joint Venture entered into a $45,000,000 unsecured Line of Credit Loan Agreement and Promissory Note (the “Loan”) with Bank of America, N.A. to fund early development activities. The Loan originally was scheduled to mature in January 2020 and was extended to February 22, 2021. In February 2021, this loan was extended to February 22, 2023 with an option to extend to February 22, 2024, subject to certain conditions. The interest rate on the Loan is LIBOR plus 2.85% and is payable monthly. The Loan contains certain customary default provisions and the Joint Venture may prepay any amounts outstanding under the Loan without penalty. The Joint Venture had an outstanding balance of zero as of July 31, 2021.

In February 2018, certain principals from Lewis and by the Company guaranteed the obligations under the Loan. The guarantee shall continue in effect until all of the Loan obligations are fully paid and the guarantors are jointly and severally liable for all Loan obligations in the event of default by the Joint Venture. The $1,080,000 estimated value of the guarantee was recorded in the Company’s consolidated balance sheets and is included in other long-term liabilities with a corresponding value in equity in investments. The extension had no impact on the Company's Loan guarantee value. Additionally, a Reimbursement Agreement was executed between the Lewis guarantors and the Company, which provides for unpaid liabilities of the Joint Venture to be shared pro-rata by the Lewis guarantors and the Company in proportion to their percentage interest in the Joint Venture.

The Company made contributions to the Joint Venture of zero and $2,800,000 in the nine months ended July 31, 2021 and 2020, respectively.

Through July 31, 2021, the Joint Venture has closed the sales of the initial residential lots representing 556 residential units.

Other Real Estate Development Projects

The remaining real estate development parcel within the Templeton Santa Barbara, LLC project is described as Sevilla. In the first quarter of fiscal year 2020, the Company entered into an agreement to sell its Sevilla property for $2,700,000, which is expected to close in calendar year 2021. After transaction and other costs, the Company expects to receive cash proceeds of approximately $2,550,000 and recognize an immaterial gain upon closing. At July 31, 2021, the $2,543,000 carrying value of the property was classified as held for sale and included in prepaid expenses and other current assets.

During December 2017, the Company sold its Centennial property with a net book value of $2,983,000 for $3,250,000. The Company received cash and a $3,000,000 promissory note secured by the property for the balance of the purchase. The promissory note was originally scheduled to mature in December 2019 but was extended to December 15, 2020 and the interest rate was reset to equal to the 6-month LIBOR plus 2.75% on the outstanding principal balance of the note, interest only paid monthly on the first day of each month beginning January 1, 2020. In September 2020, the promissory note was further extended to June 15, 2021 on the same terms and conditions upon making a principal paydown of $25,000, which was paid in November 2020, with an option to further extend the maturity date of the promissory note to December 15, 2021 on the same terms and conditions and upon making an additional principal paydown of $25,000. The option was exercised and the extension payment was paid in May 2021. At July 31, 2021, the net carrying value of the note was $2,600,000 and classified in prepaid expenses and other current assets.

Equity in Investments

9 Months Ended

Jul. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Equity in Investments

Equity in investments consist of the following (in thousands):


	July 31, 2021		October 31, 2020
Limoneira Lewis Community Builders, LLC	$	59,844	$	57,142
Limco Del Mar, Ltd.	2,027		1,920
Rosales	1,066		1,641
Romney Property Partnership	509		511
	$	63,446	$	61,214

Unconsolidated Significant Subsidiary

In accordance with Rule 10-01(b)(1) of Regulation S-X, which applies to interim reports on Form 10-Q, the Company must determine if its equity method investees are considered “significant subsidiaries." In evaluating its investments, there are two tests utilized to determine if equity method investees are considered significant subsidiaries: the income test and the investment test. Summarized income statement information of an equity method investee is required in an interim report if either of the two tests exceed 20% in the interim periods presented. During the year-to-date interim period for the nine months ended July 31, 2021, this threshold was met for the Company's equity investment in LLCB.

The following is unaudited summarized financial information for LLCB (in thousands):


	Nine Months Ended July 31,
		2021		2020
Revenues		$	36,684	$	25,716
Cost of land sold		28,062		21,614
Operating expenses		634		848
Net income		$	7,988	$	3,254
Net income attributable to Limoneira Company		$	3,944	$	1,659

Goodwill and Intangible Assets, Net

9 Months Ended

Jul. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

A summary of the change in the carrying amount of goodwill is as follows (in thousands):


	Goodwill Carrying Amount
Balance at October 31, 2020	$	1,535

Foreign currency translation adjustment	4
Balance as of July 31, 2021	$	1,539

Goodwill is tested for impairment on an annual basis or when an event or changes in circumstances indicate that its carrying value may not be recoverable. There have been no impairment charges recorded against goodwill as of July 31, 2021.

During the nine months ended July 31, 2021, the Company acquired additional water rights in Chile for $186,000.

7. Goodwill and Intangible Assets, Net (continued)

Intangible assets consisted of the following as of July 31, 2021 and October 31, 2020 (in thousands):


	July 31, 2021							October 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Useful Life in Years

Trade names and trademarks	$	2,108	$	(673)	$	1,435	8	$	3,771	$	(947)	$	2,824	10
Customer relationships	4,037		(1,019)		3,018		9	5,010		(989)		4,021		9
Non-competition agreement	437		(9)		428		8	1,040		(147)		893		10
Acquired water and mineral rights	3,799		—		3,799		Indefinite	3,571		—		3,571		Indefinite
	$	10,381	$	(1,701)	$	8,680		$	13,392	$	(2,083)	$	11,309

Amortization expense totaled $210,000 and $262,000 for the three months ended July 31, 2021 and 2020, respectively. Amortization expense totaled $736,000 and $752,000 for the nine months ended July 31, 2021 and 2020, respectively.

Estimated future amortization expense of intangible assets as of July 31, 2021 are as follows (in thousands):


2021 (excluding the nine months ended July 31, 2021)	$	192
2022	724
2023	724
2024	716
2025	711
Thereafter	1,814
	$	4,881

Other Assets	9 Months Ended
Other Assets	Jul. 31, 2021
Other Assets [Abstract]
Other Assets	Other AssetsInvestments in Mutual Water CompaniesThe Company’s investments in various not-for-profit mutual water companies provide the Company with the right to receive a proportionate share of water from each of the not-for-profit mutual water companies that have been invested in and do not constitute voting shares and/or rights. Amounts included in other assets in the consolidated balance sheets as of July 31, 2021 and October 31, 2020 were $5,990,000 and $5,563,000, respectively.

Accrued Liabilities

9 Months Ended

Jul. 31, 2021

Accounts Payable and Accrued Liabilities, Current [Abstract]

Accrued Liabilities

Accrued liabilities consist of the following (in thousands):


	July 31, 2021		October 31, 2020
Compensation	$	2,295	$	2,275
Property taxes	196		683
Lemon and orange supplier payables	—		1,346
Operating expenses	1,452		938
Leases	315		959
Other	1,381		1,746

	$	5,639	$	7,947

Long-Term Debt

9 Months Ended

Jul. 31, 2021

Debt Disclosure [Abstract]

Long-Term Debt

Long-term debt is comprised of the following (in thousands):


	July 31, 2021		October 31, 2020
Farm Credit West revolving and non-revolving lines of credit: the interest rate of the revolving line of credit is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 0.10% at July 31, 2021, plus 1.75%. The interest rate for the $40.0 million outstanding balance of the non-revolving line of credit is fixed at 4.77% through July 1, 2022, 3.57% through July 1, 2025 and variable thereafter. Interest is payable monthly and the principal is due in full on July 1, 2026.	$	101,802	$	102,251
Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 2.48%. The loan is payable in quarterly installments through November 2022.	968		1,438
Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 3.24%. The loan is payable in monthly installments through October 2035.	988		1,029
Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 3.24%. The loan is payable in monthly installments through March 2036.	8,112		8,433
Farm Credit West term loan: Effective July 1, 2020 the interest rate was fixed at 2.77% until July 1, 2025, becoming variable for the remainder of the loan. The loan is payable in monthly installments through March 2036.	5,975		6,220
Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023.	2,486		3,491
Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025.	1,071		1,205
Note Payable: the interest rate ranges from 5.00% to 7.00% and was 6.50% at July 31, 2021. The loan includes interest only monthly payments and principal is due in February 2023.	1,435		1,435
Banco de Chile COVID-19 loans: The interest rates are fixed at 3.48% and 2.90%. The loans are payable in monthly installments beginning February 2021 through September 2024.	477		522
Subtotal	123,314		126,024
Less deferred financing costs, net of accumulated amortization	143		176
Total long-term debt, net	123,171		125,848
Less current portion	2,236		3,277
Long-term debt, less current portion	$	120,935	$	122,571

In June 2021, the Company entered into a Master Loan Agreement (the “MLA”) with Farm Credit West, PCA (the “Lender”) dated June 1, 2021, together with a revolving credit facility supplement (the “Revolving Credit Supplement”), a non-revolving credit facility supplement (the “Non-Revolving Credit Supplement,” and together with the Revolving Credit Supplement, the “Supplements”) and an agreement to convert to fixed interest rate ("Fixed Interest Rate Agreement"). The MLA governs the terms of the Supplements. The MLA amends and restates the previous Master Loan Agreement between the Company and the Lender, dated June 19, 2017 and extends the principal repayment to July 1, 2026. Debt financing costs related to the MLA agreement were immaterial.

In June 2020, the Company and Farm Credit West entered into a Conversion Agreement to convert the term loans noted above to fixed interest rate loans effective July 1, 2020. No changes were made to the outstanding principal balances on the term loans and the Company made no cash repayments of principal. The rates were subject to a prepayment restriction period for a portion of the fixed rate term that expired on January 1, 2021. The Company may prepay any amounts without penalty.

In March 2020, the Company entered into a revolving equity line of credit promissory note and loan agreement with Farm Credit West for a $15,000,000 Revolving Equity Line of Credit (the "RELOC") secured by a first lien on the Windfall Investors, LLC property. The RELOC matures in 2043 and features a 3-year draw period followed by 20 years of fully amortized loan payments. The interest rate is variable with monthly interest-only payments during the 3-year draw period and monthly principal and interest payments thereafter.

The Supplements and RELOC provide aggregate borrowing capacity of $130,000,000 comprised of $75,000,000 under the Revolving Credit Supplement, $40,000,000 under the Non-Revolving Credit Supplement and $15,000,000 under the RELOC. The borrowing capacity based on collateral value was $130,000,000 at July 31, 2021, of which $28,198,000 was available to borrow. For amounts outstanding under both Supplements interest will begin to be charged on the date the Lender disburses principal and will continue until the outstanding indebtedness under the Supplements is paid in full with interest.

10. Long-Term Debt (continued)

The initial interest rate in effect under the Revolving Credit Supplement was 1.69% per annum, and was automatically adjusted commencing July 1, 2021 and on the first day of each month thereafter. The interest rate for any amount outstanding under the Revolving Credit Supplement will be based on the one-month LIBOR rate plus or minus an applicable margin. The applicable margin will range from 1.75% to 2.35% depending on the ratio of current assets, plus the remaining available commitment divided by current liabilities. On July 1, 2022, and on each one-year anniversary thereafter, the Company has the option to convert the interest rate in use under the Revolving Credit Supplement from the preceding LIBOR-based calculation to a variable interest rate. Any amounts outstanding under the Revolving Credit Supplement will be due and payable in full on July 1, 2026. The Company may prepay any amounts outstanding under the Revolving Credit Supplement without penalty.

The initial interest rate in effect under the Non-Revolving Credit Supplement is a fixed interest rate of 4.77% per year and such rate shall continue for a period of one year and one month. Pursuant to the Fixed Interest Rate Agreement, the Non-Revolving Credit Supplement will convert to a fixed interest rate of 3.57% per year until July 1, 2025 (the “Fixed Rate Term”). Thereafter, the interest rate will convert to a variable interest rate established by the Lender corresponding to the corresponding interest rate group. Any amounts outstanding under the Non-Revolving Credit Supplement is due and payable in full on July 1, 2026. The Company may not prepay any amounts under the outstanding Non-Revolving Credit Supplement during the Fixed Rate Term. Thereafter, the Company may prepay any amounts outstanding under the Non-Revolving Credit Supplement, provided that a fee equal to 0.50% of the amount prepaid and any other cost or loss suffered by the Lender must be paid with any prepayment.

All indebtedness under the MLA and RELOC, including any indebtedness under the Supplements, is secured by a first lien on Company-owned stock or participation certificates, Company funds maintained with Lender, Lender’s unallocated surplus, and certain of the Company’s agricultural properties in Tulare and Ventura counties in California and certain of the Company’s building fixtures and improvements and investments in mutual water companies associated with the pledged agricultural properties. The MLA includes customary default provisions that provide should an event of default occur, the Lender, at its option, may declare all or any portion of the indebtedness under the MLA to be immediately due and payable without demand, notice of non-payment, protest or prior recourse to collateral, and terminate or suspend the Company’s right to draw or request funds on any loan or line of credit.

The MLA subjects the Company to affirmative and restrictive covenants including, among other customary covenants, financial reporting requirements, requirements to maintain and repair any collateral, restrictions on the sale of assets, restrictions on the use of proceeds, prohibitions on the incurrence of additional debt and restrictions on the purchase or sale of major assets of the Company’s business. The Company is also subject to a covenant that it will maintain a debt service coverage ratio greater than or equal to 1.15:1.00 measured at October 31, 2021, and greater than or equal to 1.25:1 when measured at October 31, 2022, and annually thereafter. In August 2021, the Lender modified the covenant to a minimum debt service coverage ratio greater than or equal to 1.0:1.0 measured at October 31, 2021.

In August 2021, the Company entered into an equipment finance agreement (a "FCW term loan") with Lender in the amount of $2,508,000 and used the proceeds to payoff the Wells Fargo term loan. The FCW term loan has a fixed interest rate of 3.19% and is payable in monthly installments through September 2026. There were no unamortized debt financing costs related to the Wells Fargo term loan and no capitalized financing costs related to the FCW term loan.

In December 2020, Farm Credit West declared an annual cash patronage dividend of 1.50% of average eligible loan balances. The Company received $1,170,000 in February 2021.

Interest is capitalized on non-bearing orchards, real estate development projects and significant construction in progress. The Company capitalized interest of $353,000 and $353,000 during the three months ended July 31, 2021 and 2020, respectively, and $661,000 and $797,000 during the nine months ended July 31, 2021 and 2020, respectively. Capitalized interest is included in property, plant and equipment and real estate development assets in the Company’s consolidated balance sheets.

Leases

9 Months Ended

Jul. 31, 2021

Leases [Abstract]

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 22 years, with various renewal terms available. All of the residential rentals have month to month lease terms.

11. Leases (continued)

Lessor Arrangements (continued)

The Company’s rental operations revenue consists of the following (in thousands):


	Three Months Ended July 31,				Nine Months Ended July 31,
	2021		2020		2021		2020
Operating lease revenue	$	1,086	$	1,078	$	3,215	$	3,235
Variable lease revenue	85		94		237		242
Total lease revenue	$	1,171	$	1,172	$	3,452	$	3,477

Lessee Arrangements

The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are typically classified as operating leases. The Company’s lease contracts are generally for agricultural land and packinghouse equipment with remaining lease terms ranging from one to 17 years, with various term extensions available. The Company’s lease agreements do not contain any residual value guarantees or material restrictive covenants. 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. As of July 31, 2021, there were no material finance leases for which the Company was a lessee.

Operating lease costs were $128,000 and $143,000 for the three months ended July 31, 2021 and 2020, respectively, and $406,000 and $417,000 for the nine months ended July 31, 2021 and 2020, respectively, which are primarily included in agribusiness costs and expenses in the Company’s consolidated statements of operations. Variable and short term lease costs were immaterial.

Supplemental balance sheet information related to leases consists of the following (in thousands):


	Classification	July 31, 2021		October 31, 2020
Assets
Operating lease ROU assets	Other assets	$	1,978	$	2,053

Liabilities and Stockholders' Equity
Current operating lease liabilities	Accrued liabilities and payables to related parties	449		521
Non-current operating lease liabilities	Other long-term liabilities	1,592		1,610
Total operating lease liabilities		$	2,041	$	2,131

Supplemental cash flow information related to leases consists of the following (in thousands):


	Three Months Ended July 31,				Nine Months Ended July 31,
	2021		2020		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	112	$	126	$	422	$	432

ROU assets obtained in exchange for new operating lease liabilities	$	—	$	108	$	271	$	108

Leases

Lessor Arrangements

11. Leases (continued)

Lessor Arrangements (continued)

The Company’s rental operations revenue consists of the following (in thousands):


	Three Months Ended July 31,				Nine Months Ended July 31,
	2021		2020		2021		2020
Operating lease revenue	$	1,086	$	1,078	$	3,215	$	3,235
Variable lease revenue	85		94		237		242
Total lease revenue	$	1,171	$	1,172	$	3,452	$	3,477

Lessee Arrangements

Supplemental balance sheet information related to leases consists of the following (in thousands):


	Classification	July 31, 2021		October 31, 2020
Assets
Operating lease ROU assets	Other assets	$	1,978	$	2,053

Liabilities and Stockholders' Equity
Current operating lease liabilities	Accrued liabilities and payables to related parties	449		521
Non-current operating lease liabilities	Other long-term liabilities	1,592		1,610
Total operating lease liabilities		$	2,041	$	2,131

Supplemental cash flow information related to leases consists of the following (in thousands):


	Three Months Ended July 31,				Nine Months Ended July 31,
	2021		2020		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	112	$	126	$	422	$	432

ROU assets obtained in exchange for new operating lease liabilities	$	—	$	108	$	271	$	108

Basic and Diluted Net Income (Loss) per Share

9 Months Ended

Jul. 31, 2021

Earnings Per Share [Abstract]

Basic and Diluted Net Income (Loss) per Share

Basic net income (loss) per common share is calculated using the weighted-average number of common shares outstanding during the period without consideration of the dilutive effect of conversion of preferred stock. Diluted net income (loss) per common share is calculated using the weighted-average number of common shares outstanding during the period plus the dilutive effect of conversion of unvested, restricted stock and preferred stock. The computations for basic and diluted net income (loss) per common share are as follows (in thousands, except per share amounts):


	Three Months Ended July 31,				Nine Months Ended July 31,
	2021		2020		2021		2020
Basic net income (loss) per common share:
Net income (loss) applicable to common stock	$	3,580	$	2,184	$	1,054	$	(9,377)
Effect of unvested, restricted stock	(15)		(17)		(50)		(50)
Numerator: Net income (loss) for basic EPS	3,565		2,167		1,004		(9,427)
Denominator: Weighted average common shares-basic	17,461		17,623		17,439		17,607
Basic net income (loss) per common share	$	0.20	$	0.12	$	0.06	$	(0.54)


Diluted net income (loss) per common share:
Numerator: Net income (loss) for diluted EPS	$	3,705	$	2,309	$	1,004	$	(9,427)
Weighted average common shares–basic	17,461		17,623		17,439		17,607
Effect of dilutive unvested, restricted stock and preferred stock	782		874		—		—
Denominator: Weighted average common shares–diluted	18,243		18,497		17,439		17,607
Diluted net income (loss) per common share	$	0.20	$	0.12	$	0.06	$	(0.54)

Diluted earnings (losses) per common share are computed using the more dilutive method of either the two-class method or the treasury stock method. Unvested stock-based compensation awards that contain non-forfeitable rights to dividends as participating shares are included in computing earnings per share. The Company’s unvested, restricted stock awards qualify as participating shares. The Company excluded 147,000 and 225,000, unvested, restricted shares, as calculated under the treasury stock method, from its computation of diluted earnings (losses) per share for the three months ended July 31, 2021 and 2020, respectively, and 146,000 and 187,000 for the nine months ended July 31, 2021 and 2020, respectively.

Related-Party Transactions

9 Months Ended

Jul. 31, 2021

Related-Party Transactions

The Company has transactions with various related-parties as summarized in the tables below (in thousands):


		July 31, 2021								October 31, 2020
		Balance Sheet								Balance Sheet
Ref	Related Party	Receivable/Other from Related Parties		Other Assets		Payables to Related Parties		Other Long-Term Liabilities		Receivable/Other from Related Parties		Other Assets		Payables to Related Parties		Other Long-Term Liabilities

2	Mutual water companies	$	—	$	427	$	92	$	—	$	—	$	64	$	64	$	—
3	Cooperative association	$	—	$	—	$	42	$	—	$	—	$	—	$	123	$	—
4	Calavo	$	887	$	—	$	—	$	—	$	—	$	—	$	—	$	—

5	Cadiz / Fenner / WAM	$	—	$	1,386	$	194	$	1,297	$	—	$	1,443	$	182	$	1,353
6	Colorado River Growers	$	—	$	—	$	—	$	—	$	81	$	—	$	—	$	—

8	FGF	$	3,800	$	980	$	1,111	$	—	$	2,213	$	—	$	604	$	—
9	LLCB	$	—	$	—	$	5,600	$	—	$	—	$	—	$	5,300	$	—

11	Third party growers	$	—	$	—	$	62	$	—	$	—	$	—	$	—	$	—

13. Related-Party Transactions (continued)


		Three Months Ended July 31, 2021						Three Months Ended July 31, 2020
		Consolidated Statement of Operations								Consolidated Statement of Operations
Ref	Related Party	Net Revenue Agribusiness		Net Revenue Rental Operations		Agribusiness Expense and Other		Dividends Paid			Net Revenue Agribusiness		Net Revenue Rental Operations		Agribusiness Expense and Other		Other Income, Net		Dividends Paid
1	Employees	$	—	$	204	$	—	$	—		$	—	$	195	$	—	$	—	$	—
2	Mutual water companies	$	—	$	—	$	274	$	—		$	—	$	—	$	211	$	—	$	—
3	Cooperative association	$	—	$	—	$	652	$	—		$	—	$	—	$	353	$	—	$	—
4	Calavo	$	4,036	$	80	$	408	$	126		$	4,724	$	84	$	23	$	—	$	126
5	Cadiz / Fenner / WAM	$	—	$	—	$	36	$	—		$	—	$	—	$	1	$	—	$	—


8	FGF	$	710	$	—	$	1,761	$	—		$	9,926	$	—	$	10,508	$	—	$	—
10	Freska	$	23	$	—	$	—	$	—		$	—	$	—	$	—	$	—	$	—
11	Third party growers	$	—	$	—	$	16	$	—		$	—	$	—	$	—	$	—	$	—


		Nine Months Ended July 31, 2021						Nine Months Ended July 31, 2020
		Consolidated Statement of Operations								Consolidated Statement of Operations
Ref	Related Party	Net Revenue Agribusiness		Net Revenue Rental Operations		Agribusiness Expense and Other		Dividends Paid			Net Revenue Agribusiness		Net Revenue Rental Operations		Agribusiness Expense and Other		Other Income, Net		Dividends Paid
1	Employees	$	—	$	608	$	—	$	—		$	—	$	585	$	—	$	—	$	—
2	Mutual water companies	$	—	$	—	$	879	$	—		$	—	$	—	$	675	$	—	$	—
3	Cooperative association	$	—	$	—	$	1,178	$	—		$	—	$	—	$	1,246	$	—	$	—
4	Calavo	$	6,589	$	237	$	688	$	377		$	6,296	$	249	$	200	$	220	$	377
5	Cadiz / Fenner / WAM	$	—	$	—	$	271	$	—		$	—	$	—	$	173	$	—	$	—
6	Colorado River Growers	$	157	$	—	$	2,772	$	—		$	522	$	—	$	5,337	$	—	$	—
7	YMIDD	$	—	$	—	$	62	$	—		$	—	$	—	$	86	$	—	$	—
8	FGF	$	3,265	$	—	$	2,989	$	—		$	12,105	$	—	$	12,941	$	—	$	—
10	Freska	$	119	$	—	$	142	$	—		$	—	$	—	$	—	$	—	$	—
11	Third party growers	$	—	$	—	$	132	$	—		$	—	$	—	$	—	$	—	$	—

(1) Employees - The Company rents certain of its residential housing assets to employees on a month-to-month basis and recorded rental income from employees. There were no rental payments due from employees at July 31, 2021 or October 31, 2020.

(2) Mutual water companies - The Company has representation on the boards of directors of the mutual water companies in which the Company has investments, refer to Note 8 - Other Assets. The Company recorded capital contributions, purchased water and water delivery services and had water payments due to the mutual water companies.

(3) Cooperative association - The Company has representation on the board of directors of a non-profit cooperative association that provides pest control services for the agricultural industry. The Company purchased services and supplies from and had payments due to the cooperative association.

(4) Calavo - The Company had an investment in Calavo through March 2020 and has representation on the board of directors and Calavo has an investment in the Company. The Company recorded dividend income on its investment in Calavo, paid dividends to Calavo and had avocado sales to Calavo. Additionally, the Company leases office space to Calavo, purchased storage services from Calavo and had immaterial amounts due to Calavo for those services.

13. Related-Party Transactions (continued)

(5) Cadiz / Fenner / WAM - A member of the Company’s board of directors serves as the CEO, President and a member of the board of directors of Cadiz, Inc. In 2013, the Company entered a long-term lease agreement (the “Lease”) with Cadiz Real Estate, LLC (“Cadiz”), a wholly owned subsidiary of Cadiz, Inc., and currently leases 670 acres located in eastern San Bernardino County, California. The annual base rental is equal to the sum of $200 per planted acre and 20% of gross revenues from the sale of harvested lemons (less operating expenses), not to exceed $1,200 per acre per year. In 2016, Cadiz assigned this lease to Fenner Valley Farms, LLC (“Fenner”), a subsidiary of Water Asset Management, LLC (“WAM”). An entity affiliated with WAM is the holder of 9,300 shares of the Company's Series B-2 convertible preferred stock. Upon the adoption of ASC 842, the Company recorded a ROU asset and corresponding lease liability.

(6) Colorado River Growers, Inc. (“CRG”) - The Company has representation on the board of directors of CRG, a non-profit cooperative association of fruit growers engaged in the agricultural harvesting business in Yuma County, Arizona. The Company paid harvest expense to CRG, provided harvest management and administrative services to CRG and had a receivable due from CRG for such services.

(7) Yuma Mesa Irrigation and Drainage District (“YMIDD”) - The Company has representation on the board of directors of YMIDD. The Company purchased water from YMIDD and had amounts payable to them for such purchases.

(8) FGF - The Company advances funds to FGF for fruit purchases, which are recorded as an asset until the sales occur and the remaining proceeds become due to FGF. Additionally, FGF provided farming, packing, by-product processing and administrative services to Trapani Fresh. The Company had a receivable from FGF for lemon sales and the sale of packing supplies and a payable due to FGF for fruit purchases and services. Effective March 1, 2021, Trapani Fresh sells the lemons it grows to FGF, who packs, markets, and sells the fruit to its export customers. The Company also records revenue related to the licensing of intangible assets to FGF.

(9) LLCB - Refer to Note 5 - Real Estate Development.

(10) Freska - A member of the Company's board of directors is a majority shareholder of Freska Produce International, LLC ("Freska"). The Company had avocado sales to Freska and a corresponding receivable for such sales.

(11) Third party growers - A member of the Company's board of directors markets lemons through the Company and the Company had payments due to the member for such lemon procurement.

Income Taxes	9 Months Ended
Income Taxes	Jul. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesThe effective tax rate for the nine months ended July 31, 2021 was higher than the federal statutory tax rate of 21% mainly due to foreign jurisdictions which are taxed at different rates, state taxes, and nondeductible tax items. The Company has no material uncertain tax positions as of July 31, 2021. The Company recognizes interest expense and penalties related to income tax matters as a component of income tax expense. There was no accrued interest or penalties associated with uncertain tax positions as of July 31, 2021.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

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+ Details

Retirement Plans

9 Months Ended

Jul. 31, 2021

Retirement Benefits [Abstract]

Retirement Plans

The Limoneira Company Retirement Plan (the “Plan”) is a noncontributory, defined benefit, single employer pension plan, which provides retirement benefits for all eligible employees. Benefits paid by the Plan are calculated based on years of service, highest five-year average earnings, primary Social Security benefit and retirement age. Effective June 2004, the Company froze the Plan and no additional benefits accrued to participants subsequent to that date.

The Plan is funded consistent with the funding requirements of federal law and regulations. There were no funding contributions during the nine months ended July 31, 2021 and 2020.

15. Retirement Plans (continued)

The components of net periodic pension cost for the Plan for the three and nine months ended July 31, 2021 and 2020 were as follows (in thousands):


	Three Months Ended July 31,				Nine Months Ended July 31,
	2021		2020		2021		2020
Administrative expenses	$	70	$	70	$	208	$	209
Interest cost	137		160		412		481
Expected return on plan assets	(236)		(248)		(708)		(743)
Prior service cost	11		11		33		33
Recognized actuarial loss	185		184		553		554
Net periodic benefit cost	$	167	$	177	$	498	$	534

- Definition

The entire disclosure for retirement benefits.

+ References

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+ Details

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Jul. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesThe Company is from time to time involved in various lawsuits and legal proceedings that arise in the ordinary course of business. At this time, the Company is not aware of any pending or threatened litigation against it that it expects will have a material adverse effect on its business, financial condition, liquidity, or operating results. Legal claims are inherently uncertain, however, and it is possible that the Company’s business, financial condition, liquidity and/or operating results could be adversely affected in the future by legal proceedings.

Stock-based Compensation and Treasury Stock	9 Months Ended
Stock-based Compensation and Treasury Stock	Jul. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock-based Compensation and Treasury Stock	Stock-based Compensation and Treasury Stock Stock-based Compensation The Company has a stock-based compensation plan (the “Stock Plan”) that allows for the grant of common stock of the Company to members of management, key executives and non-employee directors. The fair value of such awards is based on the fair value of the Company’s stock on the date of grant and all are classified as equity awards. Performance Awards Certain restricted stock grants are made to management each December under the Stock Plan based on the achievement of certain annual financial performance and other criteria achieved during the previous fiscal year (“Performance Awards”). The performance grants are based on a percentage of the employee’s base salary divided by the stock price on the grant date once the performance criteria has been met, and generally vest over a two-year period as service is provided. There were no shares of common stock granted to management under the Stock Plan for fiscal year 2020 performance because the financial performance and other criteria were not met. Executive Awards Certain restricted stock grants are made to key executives under the Stock Plan (“Executive Awards”). These grants generally vest over a three to five-year period as service is provided. During December 2020, the Company granted 95,000 shares of common stock with a per share price of $15.26 to key executives under the Stock Plan. The related compensation expense of approximately $1,450,000 will be recognized equally over the next three years as the shares vest. Director Awards The Company issues shares of common stock to non-employee directors under the Stock Plan on an annual basis that vest upon grant (“Director Awards”). During January 2021 and 2020, 27,815 and 17,841 shares, respectively, of common stock were granted as Director Awards. The Company recognized $469,000 and $358,000 of stock-based compensation to non-employee directors during the nine months ended July 31, 2021 and 2020, respectively. 17. Stock-based Compensation and Treasury Stock (continued) Stock-based Compensation (continued) Director Awards (continued) During the three months ended January 31, 2021 and 2020, members of management exchanged 46,993 and 11,314 shares, respectively, of common stock with fair values of $701,000 and $213,000, respectively, at the date of the exchanges, for the payment of payroll taxes associated with the vesting of shares under the Company’s stock-based compensation programs. Treasury Stock Share Repurchase Program On March 12, 2020, the Board of Directors of the Company approved a share repurchase program authorizing the Company to repurchase up to $10,000,000 of its outstanding shares of common stock through March 2021. During fiscal year 2020, the Company repurchased 250,977 shares under the share repurchase program for approximately $3,493,000. This program expired in March 2021.

Segment Information

9 Months Ended

Jul. 31, 2021

Segment Reporting [Abstract]

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 harvesting expenses and third-party grower costs relative to fresh lemons. The lemon packing segment includes packing revenues and shipping and handling revenues relative to lemon packing. The lemon packing segment expenses are comprised of 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 includes sales, farming and harvest costs of oranges, specialty citrus and other crops.

Revenues related to rental operations are included in “Corporate and Other.” Other agribusiness revenues consisted of oranges of $1,981,000 and $4,476,000 and specialty citrus and other crops of $1,065,000 and $4,089,000 for the three and nine months ended July 31, 2021, respectively. Other agribusiness revenues consisted of oranges of $2,232,000 and $7,171,000 and specialty citrus and other crops of $788,000 and $3,832,000 for the three and nine months ended July 31, 2020, respectively.

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, total other income (expense) and income taxes, or specifically identify them to its operating segments. The Company earns packing revenue for packing lemons grown on its 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 July 31, 2021 (in thousands):


	Fresh Lemons		Lemon Packing		Eliminations		Avocados		Other Agribusiness		Total Agribusiness		Corporate and Other		Total
Revenues from external customers	$	36,295	$	4,540	$	—	$	4,073	$	3,046	$	47,954	$	1,171	$	49,125
Intersegment revenue	—		7,192		(7,192)		—		—		—		—		—
Total net revenues	36,295		11,732		(7,192)		4,073		3,046		47,954		1,171		49,125
Costs and expenses	31,846		9,279		(7,192)		2,708		1,956		38,597		4,717		43,314
Depreciation and amortization	—		—		—		—		—		2,094		343		2,437
Operating income (loss)	$	4,449	$	2,453	$	—	$	1,365	$	1,090	$	7,263	$	(3,889)	$	3,374

18. Segment Information (continued)

Segment information for the three months ended July 31, 2020 (in thousands):


	Fresh Lemons		Lemon Packing		Eliminations		Avocados		Other Agribusiness		Total Agribusiness		Corporate and Other		Total
Revenues from external customers	$	39,459	$	3,775	$	—	$	6,133	$	3,020	$	52,387	$	1,172	$	53,559
Intersegment revenue	—		16,330		(16,330)		—		—		—		—		—
Total net revenues	39,459		20,105		(16,330)		6,133		3,020		52,387		1,172		53,559
Costs and expenses	39,694		15,988		(16,330)		2,537		2,666		44,555		4,633		49,188
Depreciation and amortization	—		—		—		—		—		2,271		286		2,557
Operating (loss) income	$	(235)	$	4,117	$	—	$	3,596	$	354	$	5,561	$	(3,747)	$	1,814

Segment information for the nine months ended July 31, 2021 (in thousands):


	Fresh Lemons		Lemon Packing		Eliminations		Avocados		Other Agribusiness		Total Agribusiness		Corporate and Other		Total
Revenues from external customers	$	98,195	$	15,540	$	—	$	6,780	$	8,565	$	129,080	$	3,452	$	132,532
Intersegment revenue	—		23,159		(23,159)		—		—		—		—		—
Total net revenues	98,195		38,699		(23,159)		6,780		8,565		129,080		3,452		132,532
Costs and expenses	89,982		29,684		(23,159)		4,141		6,832		107,480		17,444		124,924
Depreciation and amortization	—		—		—		—		—		6,591		899		7,490
Operating income (loss)	$	8,213	$	9,015	$	—	$	2,639	$	1,733	$	15,009	$	(14,891)	$	118

Segment information for the nine months ended July 31, 2020 (in thousands):


	Fresh Lemons		Lemon Packing		Eliminations		Avocados		Other Agribusiness		Total Agribusiness		Corporate and Other		Total
Revenues from external customers	$	100,231	$	11,752	$	—	$	8,323	$	11,003	$	131,309	$	3,477	$	134,786
Intersegment revenue	—		31,889		(31,889)		—		—		—		—		—
Total net revenues	100,231		43,641		(31,889)		8,323		11,003		131,309		3,477		134,786
Costs and expenses	101,006		34,925		(31,889)		4,571		9,990		118,603		18,113		136,716
Depreciation and amortization	—		—		—		—		—		6,715		840		7,555
Operating (loss) income	$	(775)	$	8,716	$	—	$	3,752	$	1,013	$	5,991	$	(15,476)	$	(9,485)

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Subsequent Events	9 Months Ended
Subsequent Events	Jul. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsThe Company has evaluated events subsequent to July 31, 2021 through the date of this filing, to assess the need for potential recognition or disclosure in this Quarterly Report on Form 10-Q. Based upon this evaluation, except as described in the notes to the interim consolidated financial statements, it was determined that no other subsequent events occurred that require recognition or disclosure in the unaudited consolidated financial statements.

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Jul. 31, 2021
Accounting Policies [Abstract]
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) represents all changes in a company’s net assets, except changes resulting from transactions with stockholders. Other comprehensive income or loss primarily includes foreign currency translation items and defined benefit pension items. Accumulated other comprehensive (loss) income is reported as a component of the Company's stockholders' equity.
Recent Accounting Pronouncements	Recent Accounting Pronouncements FASB ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, and related ASUs This amendment requires the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. ASU 2016-13 is effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company adopted this ASU effective November 1, 2020 and the adoption did not have a material impact on its consolidated financial statements. FASB ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity This amendment simplifies accounting for convertible instruments by removing major separation models currently required under GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument and more convertible preferred stock as a single equity instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted earnings per share (EPS) calculation in certain areas. ASU 2020-06 is effective for public business entities that meet the definition of a SEC filer for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2020. The Company is evaluating the effect this ASU may have on its consolidated financial statements.

Summary of Significant Accounting Policies (Tables)

9 Months Ended

Jul. 31, 2021

Accounting Policies [Abstract]

Schedule of Comprehensive Income (Loss) by Component

The following tables summarizes the changes in other comprehensive (loss) income by component (in thousands):


	Three Months Ended July 31,
	2021						2020
	Pre-tax Amount		Tax Expense		Net Amount		Pre-tax Amount		Tax Expense		Net Amount
Foreign currency translation adjustments	$	(1,042)	$	—	$	(1,042)	$	1,410	$	—	$	1,410
Minimum pension liability adjustments:
Other comprehensive gain before reclassifications	185		(50)		135		185		(50)		135


Other comprehensive (loss) income	$	(857)	$	(50)	$	(907)	$	1,595	$	(50)	$	1,545

2. Summary of Significant Accounting Policies (continued)


	Nine Months Ended July 31,
	2021						2020
	Pre-tax Amount		Tax Expense		Net Amount		Pre-tax Amount		Tax Expense		Net Amount
Foreign currency translation adjustments	$	330	$	—	$	330	$	(476)	$	—	$	(476)
Minimum pension liability adjustments:
Other comprehensive gain before reclassifications	553		(150)		403		480		(150)		330
Available-for-sale securities:
Amounts reclassified to earnings included in "Selling, general and administrative"	—		—		—		—		140		140
Other comprehensive income (loss)	$	883	$	(150)	$	733	$	4	$	(10)	$	(6)

Schedule of Accumulated Other Comprehensive Income (Loss) by Component

The following table summarizes the changes in accumulated other comprehensive (loss) income by component (in thousands):


	Foreign Currency Translation (Loss) Income		Defined Benefit Pension Plan		Available-for-Sale Securities		Accumulated Other Comprehensive (Loss) Income
Balance as of October 31, 2020	$	(3,069)	$	(4,479)	$	—	$	(7,548)
Other comprehensive income	330		403		—		733
Balance as of July 31, 2021	$	(2,739)	$	(4,076)	$	—	$	(6,815)


	Foreign Currency Translation Loss		Defined Benefit Pension Plan		Available-for-Sale Securities		Accumulated Other Comprehensive Loss
Balance as of October 31, 2019	$	(2,362)	$	(4,753)	$	(140)	$	(7,255)
Other comprehensive (loss) income	(476)		330		140		(6)
Balance as of July 31, 2020	$	(2,838)	$	(4,423)	$	—	$	(7,261)

Prepaid Expenses and Other Current Assets (Tables)

9 Months Ended

Jul. 31, 2021

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following (in thousands):


	July 31, 2021		October 31, 2020
Prepaid supplies and insurance	$	2,634	$	2,080

Note receivable and related interest	2,446		2,490
Real estate development held for sale	2,543		2,543
Sales tax receivable	807		1,867
Lemon supplier advances and other	1,789		1,708
	$	10,219	$	10,688

Real Estate Development (Tables)

9 Months Ended

Jul. 31, 2021

Real Estate [Abstract]

Schedule of Real Estate Properties

Real estate development assets are comprised primarily of land and land development costs and consist of the following (in thousands):


	July 31, 2021		October 31, 2020

Retained Property - East Area I	$	13,011	$	13,169
East Area II	9,240		8,467

	$	22,251	$	21,636

Equity in Investments (Tables)

9 Months Ended

Jul. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Equity in Investments

Equity in investments consist of the following (in thousands):


	July 31, 2021		October 31, 2020
Limoneira Lewis Community Builders, LLC	$	59,844	$	57,142
Limco Del Mar, Ltd.	2,027		1,920
Rosales	1,066		1,641
Romney Property Partnership	509		511
	$	63,446	$	61,214

The following is unaudited summarized financial information for LLCB (in thousands):


	Nine Months Ended July 31,
		2021		2020
Revenues		$	36,684	$	25,716
Cost of land sold		28,062		21,614
Operating expenses		634		848
Net income		$	7,988	$	3,254
Net income attributable to Limoneira Company		$	3,944	$	1,659

Goodwill and Intangible Assets, Net (Tables)

9 Months Ended

Jul. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Change in the Carrying Amount of Goodwill

A summary of the change in the carrying amount of goodwill is as follows (in thousands):


	Goodwill Carrying Amount
Balance at October 31, 2020	$	1,535

Foreign currency translation adjustment	4
Balance as of July 31, 2021	$	1,539

Indefinite-Lived Intangible Assets

Intangible assets consisted of the following as of July 31, 2021 and October 31, 2020 (in thousands):


	July 31, 2021							October 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Useful Life in Years

Trade names and trademarks	$	2,108	$	(673)	$	1,435	8	$	3,771	$	(947)	$	2,824	10
Customer relationships	4,037		(1,019)		3,018		9	5,010		(989)		4,021		9
Non-competition agreement	437		(9)		428		8	1,040		(147)		893		10
Acquired water and mineral rights	3,799		—		3,799		Indefinite	3,571		—		3,571		Indefinite
	$	10,381	$	(1,701)	$	8,680		$	13,392	$	(2,083)	$	11,309

Finite-Lived Intangible Assets

Intangible assets consisted of the following as of July 31, 2021 and October 31, 2020 (in thousands):


	July 31, 2021							October 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Useful Life in Years	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Useful Life in Years

Trade names and trademarks	$	2,108	$	(673)	$	1,435	8	$	3,771	$	(947)	$	2,824	10
Customer relationships	4,037		(1,019)		3,018		9	5,010		(989)		4,021		9
Non-competition agreement	437		(9)		428		8	1,040		(147)		893		10
Acquired water and mineral rights	3,799		—		3,799		Indefinite	3,571		—		3,571		Indefinite
	$	10,381	$	(1,701)	$	8,680		$	13,392	$	(2,083)	$	11,309

Estimated Future Amortization Expense of Intangible Assets

Estimated future amortization expense of intangible assets as of July 31, 2021 are as follows (in thousands):


2021 (excluding the nine months ended July 31, 2021)	$	192
2022	724
2023	724
2024	716
2025	711
Thereafter	1,814
	$	4,881

Accrued Liabilities (Tables)

9 Months Ended

Jul. 31, 2021

Accounts Payable and Accrued Liabilities, Current [Abstract]

Schedule of Accrued Liabilities

Accrued liabilities consist of the following (in thousands):


	July 31, 2021		October 31, 2020
Compensation	$	2,295	$	2,275
Property taxes	196		683
Lemon and orange supplier payables	—		1,346
Operating expenses	1,452		938
Leases	315		959
Other	1,381		1,746

	$	5,639	$	7,947

Long-Term Debt (Tables)

9 Months Ended

Jul. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term debt is comprised of the following (in thousands):


	July 31, 2021		October 31, 2020
Farm Credit West revolving and non-revolving lines of credit: the interest rate of the revolving line of credit is variable based on the one-month London Interbank Offered Rate (“LIBOR”), which was 0.10% at July 31, 2021, plus 1.75%. The interest rate for the $40.0 million outstanding balance of the non-revolving line of credit is fixed at 4.77% through July 1, 2022, 3.57% through July 1, 2025 and variable thereafter. Interest is payable monthly and the principal is due in full on July 1, 2026.	$	101,802	$	102,251
Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 2.48%. The loan is payable in quarterly installments through November 2022.	968		1,438
Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 3.24%. The loan is payable in monthly installments through October 2035.	988		1,029
Farm Credit West term loan: Effective July 1, 2020, the interest rate was fixed at 3.24%. The loan is payable in monthly installments through March 2036.	8,112		8,433
Farm Credit West term loan: Effective July 1, 2020 the interest rate was fixed at 2.77% until July 1, 2025, becoming variable for the remainder of the loan. The loan is payable in monthly installments through March 2036.	5,975		6,220
Wells Fargo term loan: the interest rate is fixed at 3.58%. The loan is payable in monthly installments through January 2023.	2,486		3,491
Banco de Chile term loan: the interest rate is fixed at 6.48%. The loan is payable in annual installments through January 2025.	1,071		1,205
Note Payable: the interest rate ranges from 5.00% to 7.00% and was 6.50% at July 31, 2021. The loan includes interest only monthly payments and principal is due in February 2023.	1,435		1,435
Banco de Chile COVID-19 loans: The interest rates are fixed at 3.48% and 2.90%. The loans are payable in monthly installments beginning February 2021 through September 2024.	477		522
Subtotal	123,314		126,024
Less deferred financing costs, net of accumulated amortization	143		176
Total long-term debt, net	123,171		125,848
Less current portion	2,236		3,277
Long-term debt, less current portion	$	120,935	$	122,571

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Leases (Tables)

9 Months Ended

Jul. 31, 2021

Leases [Abstract]

Composition of Rental Operations Revenue

The Company’s rental operations revenue consists of the following (in thousands):


	Three Months Ended July 31,				Nine Months Ended July 31,
	2021		2020		2021		2020
Operating lease revenue	$	1,086	$	1,078	$	3,215	$	3,235
Variable lease revenue	85		94		237		242
Total lease revenue	$	1,171	$	1,172	$	3,452	$	3,477

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases consists of the following (in thousands):


	Classification	July 31, 2021		October 31, 2020
Assets
Operating lease ROU assets	Other assets	$	1,978	$	2,053

Liabilities and Stockholders' Equity
Current operating lease liabilities	Accrued liabilities and payables to related parties	449		521
Non-current operating lease liabilities	Other long-term liabilities	1,592		1,610
Total operating lease liabilities		$	2,041	$	2,131

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases consists of the following (in thousands):


	Three Months Ended July 31,				Nine Months Ended July 31,
	2021		2020		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	112	$	126	$	422	$	432

ROU assets obtained in exchange for new operating lease liabilities	$	—	$	108	$	271	$	108

Basic and Diluted Net Income (Loss) per Share (Tables)

9 Months Ended

Jul. 31, 2021

Earnings Per Share [Abstract]

Schedule of Net Income (Loss) per Share

The computations for basic and diluted net income (loss) per common share are as follows (in thousands, except per share amounts):


	Three Months Ended July 31,				Nine Months Ended July 31,
	2021		2020		2021		2020
Basic net income (loss) per common share:
Net income (loss) applicable to common stock	$	3,580	$	2,184	$	1,054	$	(9,377)
Effect of unvested, restricted stock	(15)		(17)		(50)		(50)
Numerator: Net income (loss) for basic EPS	3,565		2,167		1,004		(9,427)
Denominator: Weighted average common shares-basic	17,461		17,623		17,439		17,607
Basic net income (loss) per common share	$	0.20	$	0.12	$	0.06	$	(0.54)


Diluted net income (loss) per common share:
Numerator: Net income (loss) for diluted EPS	$	3,705	$	2,309	$	1,004	$	(9,427)
Weighted average common shares–basic	17,461		17,623		17,439		17,607
Effect of dilutive unvested, restricted stock and preferred stock	782		874		—		—
Denominator: Weighted average common shares–diluted	18,243		18,497		17,439		17,607
Diluted net income (loss) per common share	$	0.20	$	0.12	$	0.06	$	(0.54)

Related-Party Transactions (Tables)

9 Months Ended

Jul. 31, 2021

Summary of Transactions with Related-Parties

The Company has transactions with various related-parties as summarized in the tables below (in thousands):


		July 31, 2021								October 31, 2020
		Balance Sheet								Balance Sheet
Ref	Related Party	Receivable/Other from Related Parties		Other Assets		Payables to Related Parties		Other Long-Term Liabilities		Receivable/Other from Related Parties		Other Assets		Payables to Related Parties		Other Long-Term Liabilities

2	Mutual water companies	$	—	$	427	$	92	$	—	$	—	$	64	$	64	$	—
3	Cooperative association	$	—	$	—	$	42	$	—	$	—	$	—	$	123	$	—
4	Calavo	$	887	$	—	$	—	$	—	$	—	$	—	$	—	$	—

5	Cadiz / Fenner / WAM	$	—	$	1,386	$	194	$	1,297	$	—	$	1,443	$	182	$	1,353
6	Colorado River Growers	$	—	$	—	$	—	$	—	$	81	$	—	$	—	$	—

8	FGF	$	3,800	$	980	$	1,111	$	—	$	2,213	$	—	$	604	$	—
9	LLCB	$	—	$	—	$	5,600	$	—	$	—	$	—	$	5,300	$	—

11	Third party growers	$	—	$	—	$	62	$	—	$	—	$	—	$	—	$	—

13. Related-Party Transactions (continued)


		Three Months Ended July 31, 2021						Three Months Ended July 31, 2020
		Consolidated Statement of Operations								Consolidated Statement of Operations
Ref	Related Party	Net Revenue Agribusiness		Net Revenue Rental Operations		Agribusiness Expense and Other		Dividends Paid			Net Revenue Agribusiness		Net Revenue Rental Operations		Agribusiness Expense and Other		Other Income, Net		Dividends Paid
1	Employees	$	—	$	204	$	—	$	—		$	—	$	195	$	—	$	—	$	—
2	Mutual water companies	$	—	$	—	$	274	$	—		$	—	$	—	$	211	$	—	$	—
3	Cooperative association	$	—	$	—	$	652	$	—		$	—	$	—	$	353	$	—	$	—
4	Calavo	$	4,036	$	80	$	408	$	126		$	4,724	$	84	$	23	$	—	$	126
5	Cadiz / Fenner / WAM	$	—	$	—	$	36	$	—		$	—	$	—	$	1	$	—	$	—


8	FGF	$	710	$	—	$	1,761	$	—		$	9,926	$	—	$	10,508	$	—	$	—
10	Freska	$	23	$	—	$	—	$	—		$	—	$	—	$	—	$	—	$	—
11	Third party growers	$	—	$	—	$	16	$	—		$	—	$	—	$	—	$	—	$	—


		Nine Months Ended July 31, 2021						Nine Months Ended July 31, 2020
		Consolidated Statement of Operations								Consolidated Statement of Operations
Ref	Related Party	Net Revenue Agribusiness		Net Revenue Rental Operations		Agribusiness Expense and Other		Dividends Paid			Net Revenue Agribusiness		Net Revenue Rental Operations		Agribusiness Expense and Other		Other Income, Net		Dividends Paid
1	Employees	$	—	$	608	$	—	$	—		$	—	$	585	$	—	$	—	$	—
2	Mutual water companies	$	—	$	—	$	879	$	—		$	—	$	—	$	675	$	—	$	—
3	Cooperative association	$	—	$	—	$	1,178	$	—		$	—	$	—	$	1,246	$	—	$	—
4	Calavo	$	6,589	$	237	$	688	$	377		$	6,296	$	249	$	200	$	220	$	377
5	Cadiz / Fenner / WAM	$	—	$	—	$	271	$	—		$	—	$	—	$	173	$	—	$	—
6	Colorado River Growers	$	157	$	—	$	2,772	$	—		$	522	$	—	$	5,337	$	—	$	—
7	YMIDD	$	—	$	—	$	62	$	—		$	—	$	—	$	86	$	—	$	—
8	FGF	$	3,265	$	—	$	2,989	$	—		$	12,105	$	—	$	12,941	$	—	$	—
10	Freska	$	119	$	—	$	142	$	—		$	—	$	—	$	—	$	—	$	—
11	Third party growers	$	—	$	—	$	132	$	—		$	—	$	—	$	—	$	—	$	—

13. Related-Party Transactions (continued)

(9) LLCB - Refer to Note 5 - Real Estate Development.

(11) Third party growers - A member of the Company's board of directors markets lemons through the Company and the Company had payments due to the member for such lemon procurement.

Retirement Plans (Tables)

9 Months Ended

Jul. 31, 2021

Retirement Benefits [Abstract]

Schedule of Net Benefit Costs

The components of net periodic pension cost for the Plan for the three and nine months ended July 31, 2021 and 2020 were as follows (in thousands):


	Three Months Ended July 31,				Nine Months Ended July 31,
	2021		2020		2021		2020
Administrative expenses	$	70	$	70	$	208	$	209
Interest cost	137		160		412		481
Expected return on plan assets	(236)		(248)		(708)		(743)
Prior service cost	11		11		33		33
Recognized actuarial loss	185		184		553		554
Net periodic benefit cost	$	167	$	177	$	498	$	534

Segment Information (Tables)

9 Months Ended

Jul. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Information by Segment

Segment information for the three months ended July 31, 2021 (in thousands):


	Fresh Lemons		Lemon Packing		Eliminations		Avocados		Other Agribusiness		Total Agribusiness		Corporate and Other		Total
Revenues from external customers	$	36,295	$	4,540	$	—	$	4,073	$	3,046	$	47,954	$	1,171	$	49,125
Intersegment revenue	—		7,192		(7,192)		—		—		—		—		—
Total net revenues	36,295		11,732		(7,192)		4,073		3,046		47,954		1,171		49,125
Costs and expenses	31,846		9,279		(7,192)		2,708		1,956		38,597		4,717		43,314
Depreciation and amortization	—		—		—		—		—		2,094		343		2,437
Operating income (loss)	$	4,449	$	2,453	$	—	$	1,365	$	1,090	$	7,263	$	(3,889)	$	3,374

18. Segment Information (continued)

Segment information for the three months ended July 31, 2020 (in thousands):


	Fresh Lemons		Lemon Packing		Eliminations		Avocados		Other Agribusiness		Total Agribusiness		Corporate and Other		Total
Revenues from external customers	$	39,459	$	3,775	$	—	$	6,133	$	3,020	$	52,387	$	1,172	$	53,559
Intersegment revenue	—		16,330		(16,330)		—		—		—		—		—
Total net revenues	39,459		20,105		(16,330)		6,133		3,020		52,387		1,172		53,559
Costs and expenses	39,694		15,988		(16,330)		2,537		2,666		44,555		4,633		49,188
Depreciation and amortization	—		—		—		—		—		2,271		286		2,557
Operating (loss) income	$	(235)	$	4,117	$	—	$	3,596	$	354	$	5,561	$	(3,747)	$	1,814

Segment information for the nine months ended July 31, 2021 (in thousands):


	Fresh Lemons		Lemon Packing		Eliminations		Avocados		Other Agribusiness		Total Agribusiness		Corporate and Other		Total
Revenues from external customers	$	98,195	$	15,540	$	—	$	6,780	$	8,565	$	129,080	$	3,452	$	132,532
Intersegment revenue	—		23,159		(23,159)		—		—		—		—		—
Total net revenues	98,195		38,699		(23,159)		6,780		8,565		129,080		3,452		132,532
Costs and expenses	89,982		29,684		(23,159)		4,141		6,832		107,480		17,444		124,924
Depreciation and amortization	—		—		—		—		—		6,591		899		7,490
Operating income (loss)	$	8,213	$	9,015	$	—	$	2,639	$	1,733	$	15,009	$	(14,891)	$	118

Segment information for the nine months ended July 31, 2020 (in thousands):


	Fresh Lemons		Lemon Packing		Eliminations		Avocados		Other Agribusiness		Total Agribusiness		Corporate and Other		Total
Revenues from external customers	$	100,231	$	11,752	$	—	$	8,323	$	11,003	$	131,309	$	3,477	$	134,786
Intersegment revenue	—		31,889		(31,889)		—		—		—		—		—
Total net revenues	100,231		43,641		(31,889)		8,323		11,003		131,309		3,477		134,786
Costs and expenses	101,006		34,925		(31,889)		4,571		9,990		118,603		18,113		136,716
Depreciation and amortization	—		—		—		—		—		6,715		840		7,555
Operating (loss) income	$	(775)	$	8,716	$	—	$	3,752	$	1,013	$	5,991	$	(15,476)	$	(9,485)

Summary of Significant Accounting Policies - Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net Amount			$ 733	$ (6)
Foreign Currency Translation (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax Amount	$ (1,042)	$ 1,410	330	(476)
Tax Expense	0	0	0	0
Net Amount	(1,042)	1,410	330	(476)
Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax Amount	185	185	553	480
Tax Expense	(50)	(50)	(150)	(150)
Net Amount	135	135	403	330
Available-for-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax Amount			0	0
Tax Expense			0	140
Net Amount			0	140
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Pre-tax Amount	(857)	1,595	883	4
Tax Expense	(50)	(50)	(150)	(10)
Net Amount	$ (907)	$ 1,545	$ 733	$ (6)

Summary of Significant Accounting Policies - Accumulated Comprehensive Income (Loss) by Component (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 193,087	$ 205,840	$ 195,760	$ 221,688
Other comprehensive income			733	(6)
Ending balance	192,985	207,552	192,985	207,552
Foreign Currency Translation (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			(3,069)	(2,362)
Other comprehensive income	(1,042)	1,410	330	(476)
Ending balance	(2,739)	(2,838)	(2,739)	(2,838)
Defined Benefit Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			(4,479)	(4,753)
Other comprehensive income	135	135	403	330
Ending balance	(4,076)	(4,423)	(4,076)	(4,423)
Available-for-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			0	(140)
Other comprehensive income			0	140
Ending balance	0	0	0	0
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(5,908)	(8,806)	(7,548)	(7,255)
Other comprehensive income	(907)	1,545	733	(6)
Ending balance	$ (6,815)	$ (7,261)	$ (6,815)	$ (7,261)

- Definition

Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

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+ Details

Concentrations and Geographic Information (Details) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Jun. 30, 2021 USD ($) a installment	Jul. 31, 2021 USD ($)	Jul. 31, 2020 USD ($)	Jul. 31, 2021 USD ($)	Jul. 31, 2020 USD ($)
Concentration Risk [Line Items]
Revenues		$ 47,954	$ 52,387	$ 129,080	$ 131,309
Aggregate foreign exchange transaction losses				$ 598
Trapani Fresh
Concentration Risk [Line Items]
Total consideration to be received	$ 3,900
Trapani Fresh \| Santa Clara ranch
Concentration Risk [Line Items]
Operational ranch acreage \| a	1,200
Trapani Fresh \| Disposed of by Sale
Concentration Risk [Line Items]
Ownership interest	49.00%
Payment term	8 years
Number of installments \| installment	16
Trapani Fresh
Concentration Risk [Line Items]
Notes receivables	$ 1,200
Accrued royalties	$ 2,700
Customer Concentration Risk \| Revenue Benchmark \| First Customer
Concentration Risk [Line Items]
Concentration risk percentage				17.00%
Customer Concentration Risk \| Revenue Benchmark \| Second Customer
Concentration Risk [Line Items]
Concentration risk percentage				13.00%
Lemon \| Supplier Concentration Risk \| Revenue, Product and Service Benchmark
Concentration Risk [Line Items]
Concentration risk percentage		57.00%	64.00%	51.00%	60.00%
Lemon \| Supplier Concentration Risk \| Revenue, Product and Service Benchmark \| One Third-Party Grower
Concentration Risk [Line Items]
Concentration risk percentage				10.00%
Chile \| San Pablo and PDA
Concentration Risk [Line Items]
Revenues		$ 578	$ 643	$ 2,555	$ 2,103
Argentina \| Trapani Fresh
Concentration Risk [Line Items]
Revenues		$ 710	$ 9,626	$ 3,265	$ 12,105

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Oct. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid supplies and insurance	$ 2,634	$ 2,080
Note receivable and related interest	2,446	2,490
Real estate development held for sale	2,543	2,543
Sales tax receivable	807	1,867
Lemon supplier advances and other	1,789	1,708
Prepaid expenses and other current assets	$ 10,219	$ 10,688

Real Estate Development - Schedule of Real Estate Development (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Oct. 31, 2020
Real Estate Properties [Line Items]
Real estate development assets	$ 22,251	$ 21,636
Retained Property - East Area I
Real Estate Properties [Line Items]
Real estate development assets	13,011	13,169
East Area II
Real Estate Properties [Line Items]
Real estate development assets	$ 9,240	$ 8,467

Real Estate Development - Narrative (Details)	1 Months Ended				3 Months Ended	9 Months Ended
Real Estate Development - Narrative (Details)	May 31, 2021 USD ($)	Nov. 30, 2020 USD ($)	Jan. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Jan. 31, 2021 USD ($)	Jul. 31, 2021 USD ($) residentialUnit	Jul. 31, 2020 USD ($)	Oct. 31, 2020 USD ($)	Jan. 31, 2020 USD ($)	Nov. 10, 2015 USD ($)	Oct. 31, 2005 a property
Real Estate Properties [Line Items]
Loan balance						$ 123,171,000		$ 125,848,000
Real estate, gross						2,543,000		2,543,000
Collection on loan and note receivable						25,000	$ 1,800,000
Sevilla
Real Estate Properties [Line Items]
Real estate, gross						2,543,000
Sevilla \| Disposal Group, Not Discontinued Operations
Real Estate Properties [Line Items]
Sales price									$ 2,700,000
Net proceeds from sale of real estate					$ 2,550,000
East Areas I and II
Real Estate Properties [Line Items]
Number of properties \| property											2
Number of acres \| a											550
Limoneira Lewis Community Builders, LLC Agreement
Real Estate Properties [Line Items]
Proceeds from sale of real estate held-for-investment						0	$ 2,800,000
Centennial Property
Real Estate Properties [Line Items]
Proceeds from sale of real estate held-for-investment				$ 3,250,000
Real estate, gross				2,983,000
Proceeds from issuance of debt				$ 3,000,000
Collection on loan and note receivable	$ 25,000	$ 25,000
Carrying value of note						$ 2,600,000
LLCB
Real Estate Properties [Line Items]
Residential units \| residentialUnit						556
Lewis Group of Companies \| East Area I
Real Estate Properties [Line Items]
Ownership percentage										50.00%
Equity method investment, aggregate cost										$ 20,000,000
LLCB \| Affiliated Entity
Real Estate Properties [Line Items]
Payables to related parties						$ 5,600,000		$ 5,300,000
LIBOR \| Centennial Property
Real Estate Properties [Line Items]
Interest rate spread on variable rate						2.75%
Unsecured Line of Credit Loan Agreement and Promissory Note
Real Estate Properties [Line Items]
Estimated value of the guarantee obligation						$ 1,080,000
Unsecured Line of Credit Loan Agreement and Promissory Note \| LLCB
Real Estate Properties [Line Items]
Face amount of loan			$ 45,000,000
Loan balance						$ 0
Unsecured Line of Credit Loan Agreement and Promissory Note \| LIBOR \| LLCB
Real Estate Properties [Line Items]
Basis spread on variable rate			2.85%

Equity in Investments (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Oct. 31, 2020
Schedule of Equity Method Investments [Line Items]
Equity in investments	$ 63,446	$ 61,214
Limoneira Lewis Community Builders, LLC
Schedule of Equity Method Investments [Line Items]
Equity in investments	59,844	57,142
Limco Del Mar, Ltd.
Schedule of Equity Method Investments [Line Items]
Equity in investments	2,027	1,920
Rosales
Schedule of Equity Method Investments [Line Items]
Equity in investments	1,066	1,641
Romney Property Partnership
Schedule of Equity Method Investments [Line Items]
Equity in investments	$ 509	$ 511

Equity in Investments - Financial Information for Equity in Investments (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Jul. 31, 2021	Apr. 30, 2021	Jan. 31, 2021	Jul. 31, 2020	Apr. 30, 2020	Jan. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Schedule of Equity Method Investments [Line Items]
Revenues	$ 49,125			$ 53,559			$ 132,532	$ 134,786
Cost of land sold	40,691			46,826			114,071	125,318
Net income (loss)	3,170	$ 1,513	$ (3,916)	1,800	$ (5,306)	$ (6,904)	767	(10,410)
Net income attributable to Limoneira Company	$ 3,705			$ 2,309			1,430	(9,001)
Limoneira Lewis Community Builders
Schedule of Equity Method Investments [Line Items]
Revenues							36,684	25,716
Cost of land sold							28,062	21,614
Operating expenses							634	848
Net income (loss)							7,988	3,254
Net income attributable to Limoneira Company							$ 3,944	$ 1,659

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

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+ Details

Goodwill and Intangible Assets, Net - Change in Carrying Amount of Goodwill (Details) $ in Thousands	9 Months Ended
	Jul. 31, 2021 USD ($)
Goodwill [Roll Forward]
Beginning Balance	$ 1,535
Foreign currency translation adjustment	4
Ending Balance	$ 1,539

Goodwill and Intangible Assets, Net - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Acquired Indefinite-lived Intangible Assets [Line Items]
Goodwill impairment loss	$ 0		$ 0
Amortization expense	$ 210,000	$ 262,000	736,000	$ 752,000
Acquired water and mineral rights
Acquired Indefinite-lived Intangible Assets [Line Items]
Acquired water rights			$ 186,000

Goodwill and Intangible Assets, Net - Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jul. 31, 2021	Oct. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (1,701)	$ (2,083)
Net Carrying Amount	4,881
Gross Carrying Amount	10,381	13,392
Net Carrying Amount	8,680	11,309
Trade names and trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,108	3,771
Accumulated Amortization	(673)	(947)
Net Carrying Amount	$ 1,435	$ 2,824
Weighted Average Useful Life in Years	8 years	10 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 4,037	$ 5,010
Accumulated Amortization	(1,019)	(989)
Net Carrying Amount	$ 3,018	$ 4,021
Weighted Average Useful Life in Years	9 years	9 years
Non-competition agreement
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 437	$ 1,040
Accumulated Amortization	(9)	(147)
Net Carrying Amount	$ 428	$ 893
Weighted Average Useful Life in Years	8 years	10 years
Acquired water and mineral rights
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	$ 3,799	$ 3,571

Goodwill and Intangible Assets, Net - Estimated Future Amortization Expense of Intangible Assets (Details) $ in Thousands	Jul. 31, 2021 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2021 (excluding the nine months ended July 31, 2021)	$ 192
2022	724
2023	724
2024	716
2025	711
Thereafter	1,814
Net Carrying Amount	$ 4,881

Other Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Oct. 31, 2020
Other Assets [Abstract]
Investments in mutual water companies	$ 5,990	$ 5,563

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Oct. 31, 2020
Accounts Payable and Accrued Liabilities, Current [Abstract]
Compensation	$ 2,295	$ 2,275
Property taxes	196	683
Lemon and orange supplier payables	0	1,346
Operating expenses	1,452	938
Leases	315	959
Other	1,381	1,746
Accrued liabilities	$ 5,639	$ 7,947

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($)		9 Months Ended
	Jun. 14, 2021	Jul. 31, 2021	Jul. 14, 2022	Oct. 31, 2020
Debt Instrument [Line Items]
Long-term debt, gross		$ 123,314,000		$ 126,024,000
Less deferred financing costs, net of accumulated amortization		143,000		176,000
Total long-term debt, net		123,171,000		125,848,000
Less current portion		2,236,000		3,277,000
Long-term debt, less current portion		120,935,000		122,571,000
Notes Payable
Debt Instrument [Line Items]
Long-term debt, gross		$ 1,435,000		1,435,000
Variable interest rate		6.50%
Notes Payable \| Minimum
Debt Instrument [Line Items]
Variable interest rate		5.00%
Notes Payable \| Maximum
Debt Instrument [Line Items]
Variable interest rate		7.00%
Farm Credit West Revolving and Non-Revolving Lines of Credit
Debt Instrument [Line Items]
Long-term debt, gross		$ 101,802,000		102,251,000
Farm Credit West Revolving and Non-Revolving Lines of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Fixed interest rate	1.69%
Farm Credit West Revolving and Non-Revolving Lines of Credit \| Revolving Credit Facility \| LIBOR
Debt Instrument [Line Items]
Base rate		0.10%
Basis spread on variable rate		1.75%
Farm Credit West Revolving and Non-Revolving Lines of Credit \| Revolving Credit Facility \| LIBOR \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Farm Credit West Revolving and Non-Revolving Lines of Credit \| Revolving Credit Facility \| LIBOR \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	2.35%
Farm Credit West Revolving and Non-Revolving Lines of Credit \| Non-Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross		$ 40,000,000
Fixed interest rate	4.77%	4.77%
Farm Credit West Revolving and Non-Revolving Lines of Credit \| Non-Revolving Credit Facility \| Forecast
Debt Instrument [Line Items]
Fixed interest rate			3.57%
Farm Credit West Term Loan due November 2022
Debt Instrument [Line Items]
Long-term debt, gross		$ 968,000		1,438,000
Fixed interest rate		2.48%
Farm Credit West Term Loan due October 2035
Debt Instrument [Line Items]
Long-term debt, gross		$ 988,000		1,029,000
Fixed interest rate		3.24%
Farm Credit West Term Loan due March 2036
Debt Instrument [Line Items]
Long-term debt, gross		$ 8,112,000		8,433,000
Fixed interest rate		3.24%
Farm Credit West Term Loan due March 2036
Debt Instrument [Line Items]
Long-term debt, gross		$ 5,975,000		6,220,000
Fixed interest rate		2.77%
Wells Fargo Term Loan
Debt Instrument [Line Items]
Long-term debt, gross		$ 2,486,000		3,491,000
Fixed interest rate		3.58%
Banco de Chile Term Loan
Debt Instrument [Line Items]
Long-term debt, gross		$ 1,071,000		1,205,000
Fixed interest rate		6.48%
Banco De Chile COVID-19 Loans
Debt Instrument [Line Items]
Long-term debt, gross		$ 477,000		$ 522,000
Fixed interest rate		3.48%		2.90%

Long-Term Debt - Narrative (Details)		1 Months Ended		3 Months Ended		9 Months Ended
Long-Term Debt - Narrative (Details)	Jun. 14, 2021	Feb. 28, 2021 USD ($)	Mar. 31, 2020 USD ($)	Jul. 31, 2021 USD ($)	Jul. 31, 2020 USD ($)	Jul. 31, 2021 USD ($)	Jul. 31, 2020 USD ($)	Oct. 31, 2022	Jul. 14, 2022	Oct. 31, 2021	Aug. 31, 2021 USD ($)	Dec. 31, 2020	Oct. 31, 2020 USD ($)
Debt Instrument [Line Items]
Loan balance				$ 123,171,000		$ 123,171,000							$ 125,848,000
Interest costs capitalized				353,000	$ 353,000	661,000	$ 797,000
Farm Credit West
Debt Instrument [Line Items]
Annual patronage dividend rate												1.50%
Dividends received		$ 1,170,000
Farm Credit West Revolving and Non-Revolving Lines of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity				130,000,000		130,000,000
Available to borrow				28,198,000		28,198,000
Farm Credit West Revolving and Non-Revolving Lines of Credit \| Forecast
Debt Instrument [Line Items]
Minimum debt service coverage ratio								1.25		1.15
Minimum debt service coverage ratio, modified										1.0
Farm Credit West Revolving and Non-Revolving Lines of Credit \| Revolving Equity Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 15,000,000	15,000,000		15,000,000
Farm Credit West Revolving and Non-Revolving Lines of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity				75,000,000		$ 75,000,000
Interest rate	1.69%
Farm Credit West Revolving and Non-Revolving Lines of Credit \| Revolving Credit Facility \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate						1.75%
Farm Credit West Revolving and Non-Revolving Lines of Credit \| Revolving Credit Facility \| Minimum \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Farm Credit West Revolving and Non-Revolving Lines of Credit \| Revolving Credit Facility \| Maximum \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	2.35%
Farm Credit West Revolving and Non-Revolving Lines of Credit \| Non-Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 40,000,000		$ 40,000,000
Interest rate	4.77%			4.77%		4.77%
Prepayment fee percent	0.50%
Farm Credit West Revolving and Non-Revolving Lines of Credit \| Non-Revolving Credit Facility \| Forecast
Debt Instrument [Line Items]
Interest rate									3.57%
Farm Credit West Loan Agreement Secured by Windfall Investors, LLC Property \| Revolving Credit Facility
Debt Instrument [Line Items]
Draw period			3 years
Payment period			20 years
FCW Term Loan \| Subsequent Event
Debt Instrument [Line Items]
Interest rate											3.19%
Loan balance											$ 2,508,000

Leases - Lessor Arrangements, Narrative (Details)	Jul. 31, 2021
Minimum
Lessor, Lease, Description [Line Items]
Remaining terms of operating leases	1 month
Maximum
Lessor, Lease, Description [Line Items]
Remaining terms of operating leases	22 years

Leases - Composition of Rental Operations Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Leases [Abstract]
Operating lease revenue	$ 1,086	$ 1,078	$ 3,215	$ 3,235
Variable lease revenue	85	94	237	242
Total lease revenue	$ 1,171	$ 1,172	$ 3,452	$ 3,477

Leases - Lessee Arrangements, Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 128	$ 143	$ 406	$ 417
Minimum
Lessee, Lease, Description [Line Items]
Remaining terms of operating leases	1 year		1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining terms of operating leases	17 years		17 years

Leases - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Oct. 31, 2020
Assets
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssetsNoncurrent	us-gaap:OtherAssetsNoncurrent
Operating lease ROU assets	$ 1,978	$ 2,053
Liabilities and Stockholders' Equity
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:AccruedLiabilitiesCurrent	us-gaap:AccruedLiabilitiesCurrent
Current operating lease liabilities	$ 449	$ 521
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesNoncurrent	us-gaap:OtherLiabilitiesNoncurrent
Non-current operating lease liabilities	$ 1,592	$ 1,610
Total operating lease liabilities	$ 2,041	$ 2,131

Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 112	$ 126	$ 422	$ 432
ROU assets obtained in exchange for new operating lease liabilities	$ 0	$ 108	$ 271	$ 108

Basic and Diluted Net Income (Loss) per Share - Schedule of Net (Loss) Income per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Basic net income (loss) per common share:
Net income (loss) applicable to common stock	$ 3,580	$ 2,184	$ 1,054	$ (9,377)
Effect of unvested, restricted stock	(15)	(17)	(50)	(50)
Numerator: Net income (loss) for basic EPS	$ 3,565	$ 2,167	$ 1,004	$ (9,427)
Denominator: Weighted average common shares–basic (in shares)	17,461,000	17,623,000	17,439,000	17,607,000
Basic net income (loss) per common share (in dollars per share)	$ 0.20	$ 0.12	$ 0.06	$ (0.54)
Diluted net income (loss) per common share:
Numerator: Net income (loss) for diluted EPS	$ 3,705	$ 2,309	$ 1,004	$ (9,427)
Denominator: Weighted average common shares–basic (in shares)	17,461,000	17,623,000	17,439,000	17,607,000
Effect of dilutive unvested, restricted stock and preferred stock (in shares)	782,000	874,000	0	0
Denominator: Weighted average common shares–diluted (in shares)	18,243,000	18,497,000	17,439,000	17,607,000
Diluted net income (loss) per common share (in dollars per share)	$ 0.20	$ 0.12	$ 0.06	$ (0.54)

Basic and Diluted Net Income (Loss) per Share - Narrative (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Restricted Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	147	225	146	187

Related-Party Transactions (Details)	3 Months Ended		9 Months Ended		12 Months Ended
Related-Party Transactions (Details)	Jul. 31, 2021 USD ($) shares	Jul. 31, 2020 USD ($)	Jul. 31, 2021 USD ($) shares	Jul. 31, 2020 USD ($)	Oct. 31, 2013 USD ($) a	Oct. 31, 2020 USD ($)
Affiliate of WAM \| Limoneira Company Series B-2 Convertible Preferred Stock
Consolidated Statement of Operations
Shares of Series B-2 convertible preferred stock held (in shares) \| shares	9,300		9,300
Employees \| Affiliated Entity
Consolidated Statement of Operations
Net Revenue Rental Operations	$ 204,000	$ 195,000	$ 608,000	$ 585,000
Other Income, Net		0		0
Dividends Paid	0	0	0	0
Rental payments due from employees	0		0			$ 0
Employees \| Affiliated Entity \| Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0	0	0
Agribusiness Expense and Other	0	0	0	0
Mutual water companies \| Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	427,000		427,000			64,000
Payables to related parties	92,000		92,000			64,000
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Other Income, Net		0		0
Dividends Paid	0	0	0	0
Mutual water companies \| Affiliated Entity \| Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0	0	0
Agribusiness Expense and Other	274,000	211,000	879,000	675,000
Cooperative association \| Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	0		0			0
Payables to related parties	42,000		42,000			123,000
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Other Income, Net		0		0
Dividends Paid	0	0	0	0
Cooperative association \| Affiliated Entity \| Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0	0	0
Agribusiness Expense and Other	652,000	353,000	1,178,000	1,246,000
Calavo \| Beneficial Owner
Balance Sheet
Receivable/Other from Related Parties	887,000		887,000			0
Other Assets	0		0			0
Payables to related parties	0		0			0
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	80,000	84,000	237,000	249,000
Other Income, Net		0		220,000
Dividends Paid	126,000	126,000	377,000	377,000
Calavo \| Beneficial Owner \| Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	4,036,000	4,724,000	6,589,000	6,296,000
Agribusiness Expense and Other	408,000	23,000	688,000	200,000
Cadiz / Fenner / WAM \| Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	1,386,000		1,386,000			1,443,000
Payables to related parties	194,000		194,000			182,000
Other Long-Term Liabilities	1,297,000		1,297,000			1,353,000
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Other Income, Net		0		0
Dividends Paid	0	0	0	0
Area of land (in acres) \| a					670
Annual base rental per planted acre					$ 200
Percent of gross revenues paid as annual base rental					20.00%
Maximum annual base rental per planted acre					$ 1,200
Cadiz / Fenner / WAM \| Affiliated Entity \| Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0	0	0
Agribusiness Expense and Other	36,000	1,000	271,000	173,000
Colorado River Growers \| Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			81,000
Other Assets	0		0			0
Payables to related parties	0		0			0
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations			0	0
Other Income, Net				0
Dividends Paid			0	0
Colorado River Growers \| Affiliated Entity \| Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness			157,000	522,000
Agribusiness Expense and Other			2,772,000	5,337,000
YMIDD \| Affiliated Entity
Consolidated Statement of Operations
Net Revenue Rental Operations			0	0
Other Income, Net				0
Dividends Paid			0	0
YMIDD \| Affiliated Entity \| Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness			0	0
Agribusiness Expense and Other			62,000	86,000
FGF \| Co-venturer
Balance Sheet
Receivable/Other from Related Parties	3,800,000		3,800,000			2,213,000
Other Assets	980,000		980,000			0
Payables to related parties	1,111,000		1,111,000			604,000
Other Long-Term Liabilities	0		0			0
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Other Income, Net		0		0
Dividends Paid	0	0	0	0
FGF \| Co-venturer \| Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	710,000	9,926,000	3,265,000	12,105,000
Agribusiness Expense and Other	1,761,000	10,508,000	2,989,000	12,941,000
LLCB \| Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	0		0			0
Payables to related parties	5,600,000		5,600,000			5,300,000
Other Long-Term Liabilities	0		0			0
Freska \| Beneficial Owner
Consolidated Statement of Operations
Net Revenue Rental Operations	0	0	0	0
Other Income, Net		0		0
Dividends Paid	0	0	0	0
Freska \| Beneficial Owner \| Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	23,000	0	119,000	0
Agribusiness Expense and Other	0	0	142,000	0
Third party growers \| Affiliated Entity
Balance Sheet
Receivable/Other from Related Parties	0		0			0
Other Assets	0		0			0
Payables to related parties	62,000		62,000			0
Other Long-Term Liabilities	0		0			$ 0
Consolidated Statement of Operations
Net Revenue Agribusiness				0
Net Revenue Rental Operations	0	0	0	0
Other Income, Net		0		0
Dividends Paid	0	0	0	0
Third party growers \| Affiliated Entity \| Agribusiness
Consolidated Statement of Operations
Net Revenue Agribusiness	0	0	0
Agribusiness Expense and Other	$ 16,000	$ 0	$ 132,000	$ 0

Retirement Plans - Narrative (Details) - USD ($)	9 Months Ended
Retirement Plans - Narrative (Details) - USD ($)	Jul. 31, 2021	Jul. 31, 2020
Retirement Benefits [Abstract]
Average earnings period	5 years
Funding contributions	$ 0	$ 0

- Definition

Amount of contribution received by defined benefit plan from employer which increases plan assets.

+ References + Details

Retirement Plans - Net Benefit Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Retirement Benefits [Abstract]
Administrative expenses	$ 70	$ 70	$ 208	$ 209
Interest cost	137	160	412	481
Expected return on plan assets	(236)	(248)	(708)	(743)
Prior service cost	11	11	33	33
Recognized actuarial loss	185	184	553	554
Net periodic benefit cost	$ 167	$ 177	$ 498	$ 534

Stock-based Compensation and Treasury Stock (Details) - USD ($)	1 Months Ended			3 Months Ended			9 Months Ended		12 Months Ended
	Jan. 31, 2021	Dec. 31, 2020	Jan. 31, 2020	Jan. 31, 2021	Jul. 31, 2020	Jan. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Oct. 31, 2020	Mar. 12, 2020
Class of Stock [Line Items]
Authorized amount under share repurchase program										$ 10,000,000
Shares repurchased (in shares)									250,977
Value of shares repurchased					$ 562,000				$ 3,493,000
Management
Class of Stock [Line Items]
Shares exchanged (in shares)				46,993		11,314
Fair value of common stock for the payment of payroll taxes associated with the vesting of shares under stock-based compensation programs				$ 701,000		$ 213,000
Stock-Based Compensation
Class of Stock [Line Items]
Vesting period							2 years
Stock-Based Compensation \| Management
Class of Stock [Line Items]
Shares granted (in shares)									0
Stock-Based Compensation \| Key Executives
Class of Stock [Line Items]
Vesting period							3 years
Shares granted (in shares)		95,000
Common stock per share (in dollars per share)		$ 15.26
Cost from stock compensation							$ 1,450,000
Stock-Based Compensation \| Key Executives \| Minimum
Class of Stock [Line Items]
Vesting period							3 years
Stock-Based Compensation \| Key Executives \| Maximum
Class of Stock [Line Items]
Vesting period							5 years
Stock-Based Compensation \| Non-Employee Directors
Class of Stock [Line Items]
Shares granted (in shares)	27,815		17,841
Share-based compensation expense							$ 469,000	$ 358,000

Segment Information - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
Segment Information - Narrative (Details) $ in Thousands	Jul. 31, 2021 USD ($)	Jul. 31, 2020 USD ($)	Jul. 31, 2021 USD ($) segment	Jul. 31, 2020 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| segment			4
Revenues	$ 49,125	$ 53,559	$ 132,532	$ 134,786
Other Agribusiness
Segment Reporting Information [Line Items]
Revenues	3,046	3,020	8,565	11,003
Other Agribusiness \| Oranges
Segment Reporting Information [Line Items]
Revenues	1,981	2,232	4,476	7,171
Other Agribusiness \| Specialty Citrus and Other Crops
Segment Reporting Information [Line Items]
Revenues	$ 1,065	$ 788	$ 4,089	$ 3,832

- Definition

+ References

+ Details

Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Segment Reporting Information [Line Items]
Revenues	$ 49,125	$ 53,559	$ 132,532	$ 134,786
Costs and expenses	43,314	49,188	124,924	136,716
Depreciation and amortization	2,437	2,557	7,490	7,555
Operating income (loss)	3,374	1,814	118	(9,485)
Eliminations
Segment Reporting Information [Line Items]
Revenues	(7,192)	(16,330)	(23,159)	(31,889)
Costs and expenses	(7,192)	(16,330)	(23,159)	(31,889)
Depreciation and amortization	0	0	0	0
Operating income (loss)	0	0	0	0
Corporate and Other
Segment Reporting Information [Line Items]
Revenues	1,171	1,172	3,452	3,477
Costs and expenses	4,717	4,633	17,444	18,113
Depreciation and amortization	343	286	899	840
Operating income (loss)	(3,889)	(3,747)	(14,891)	(15,476)
Total Agribusiness
Segment Reporting Information [Line Items]
Revenues	47,954	52,387	129,080	131,309
Costs and expenses	38,597	44,555	107,480	118,603
Depreciation and amortization	2,094	2,271	6,591	6,715
Operating income (loss)	7,263	5,561	15,009	5,991
Total Agribusiness \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	47,954	52,387	129,080	131,309
Fresh Lemons
Segment Reporting Information [Line Items]
Revenues	36,295	39,459	98,195	100,231
Costs and expenses	31,846	39,694	89,982	101,006
Depreciation and amortization	0	0	0	0
Operating income (loss)	4,449	(235)	8,213	(775)
Fresh Lemons \| Eliminations
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Fresh Lemons \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	36,295	39,459	98,195	100,231
Lemon Packing
Segment Reporting Information [Line Items]
Revenues	4,540	3,775	15,540	11,752
Costs and expenses	9,279	15,988	29,684	34,925
Depreciation and amortization	0	0	0	0
Operating income (loss)	2,453	4,117	9,015	8,716
Lemon Packing \| Eliminations
Segment Reporting Information [Line Items]
Revenues	(7,192)	(16,330)	(23,159)	(31,889)
Lemon Packing \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	11,732	20,105	38,699	43,641
Avocados
Segment Reporting Information [Line Items]
Revenues	4,073	6,133	6,780	8,323
Costs and expenses	2,708	2,537	4,141	4,571
Depreciation and amortization	0	0	0	0
Operating income (loss)	1,365	3,596	2,639	3,752
Avocados \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	4,073	6,133	6,780	8,323
Other Agribusiness
Segment Reporting Information [Line Items]
Revenues	3,046	3,020	8,565	11,003
Costs and expenses	1,956	2,666	6,832	9,990
Depreciation and amortization	0	0	0	0
Operating income (loss)	1,090	354	1,733	1,013
Other Agribusiness \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	$ 3,046	$ 3,020	$ 8,565	$ 11,003