v3.25.4
Leases
 3 Months Ended
Jan. 31, 2026
Leases [Abstract]  
Leases Leases
Lessor Arrangements
The Company enters into leasing transactions in which it rents certain of its assets and the Company is the lessor. These lease contracts are typically classified as operating leases with remaining terms ranging from one month to 17 years with various renewal terms available. All of the residential rentals have month-to-month lease terms.
The Company’s rental operations revenue consists of the following (in thousands):
Three Months Ended
January 31,
20262025
Operating lease revenue$1,374 $1,328 
Variable lease revenue75 125 
Total lease revenue$1,449 $1,453 
Lessee Arrangements
The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are classified as either operating or finance leases. The Company’s lease contracts are generally for agricultural land, packinghouse facilities, equipment and vehicles with remaining lease terms ranging from one to four years, with various term extensions available. Leases with an initial term of 12 months or less are not recorded on the balance sheet and the Company recognizes lease expense for these leases on a straight-line basis over the lease term. Lease costs are primarily included in agribusiness costs and expenses in the Company’s consolidated statements of operations.
11. Leases (continued)
Lessee Arrangements (continued)
Lease costs consist of the following (in thousands):
Three Months Ended
January 31,
20262025
Operating lease costs$104 $520 
Finance lease costs:
Amortization of lease assets167 61 
Interest on lease liabilities25 11 
Variable lease costs(6)7 
Short-term lease costs298 24 
Total lease costs$588 $623 
Supplemental balance sheet information related to leases consists of the following (in thousands):
ClassificationJanuary 31, 2026October 31, 2025
Assets
Operating lease ROU assetsOther assets$395 $640 
Finance lease assetsOther assets1,818 1,617 
$2,213 $2,257 
Liabilities
Current operating lease liabilitiesAccrued liabilities$306 $426 
Current finance lease liabilitiesAccrued liabilities504 445 
Non-current operating lease liabilitiesOther long-term liabilities72 219 
Non-current finance lease liabilitiesOther long-term liabilities1,057 926 
$1,939 $2,016 
Supplemental cash flow information related to leases consists of the following (in thousands):
Three Months Ended
January 31,
20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$126 $549 
Operating cash outflows from finance leases$25 $11 
Financing cash outflows from finance leases$178 $44 
ROU assets obtained in exchange for new operating lease liabilities$— $186 
Leased assets obtained in exchange for new finance lease liabilities$474 $— 
Leases Leases
Lessor Arrangements
The Company enters into leasing transactions in which it rents certain of its assets and the Company is the lessor. These lease contracts are typically classified as operating leases with remaining terms ranging from one month to 17 years with various renewal terms available. All of the residential rentals have month-to-month lease terms.
The Company’s rental operations revenue consists of the following (in thousands):
Three Months Ended
January 31,
20262025
Operating lease revenue$1,374 $1,328 
Variable lease revenue75 125 
Total lease revenue$1,449 $1,453 
Lessee Arrangements
The Company enters into leasing transactions in which the Company is the lessee. These lease contracts are classified as either operating or finance leases. The Company’s lease contracts are generally for agricultural land, packinghouse facilities, equipment and vehicles with remaining lease terms ranging from one to four years, with various term extensions available. Leases with an initial term of 12 months or less are not recorded on the balance sheet and the Company recognizes lease expense for these leases on a straight-line basis over the lease term. Lease costs are primarily included in agribusiness costs and expenses in the Company’s consolidated statements of operations.
11. Leases (continued)
Lessee Arrangements (continued)
Lease costs consist of the following (in thousands):
Three Months Ended
January 31,
20262025
Operating lease costs$104 $520 
Finance lease costs:
Amortization of lease assets167 61 
Interest on lease liabilities25 11 
Variable lease costs(6)7 
Short-term lease costs298 24 
Total lease costs$588 $623 
Supplemental balance sheet information related to leases consists of the following (in thousands):
ClassificationJanuary 31, 2026October 31, 2025
Assets
Operating lease ROU assetsOther assets$395 $640 
Finance lease assetsOther assets1,818 1,617 
$2,213 $2,257 
Liabilities
Current operating lease liabilitiesAccrued liabilities$306 $426 
Current finance lease liabilitiesAccrued liabilities504 445 
Non-current operating lease liabilitiesOther long-term liabilities72 219 
Non-current finance lease liabilitiesOther long-term liabilities1,057 926 
$1,939 $2,016 
Supplemental cash flow information related to leases consists of the following (in thousands):
Three Months Ended
January 31,
20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$126 $549 
Operating cash outflows from finance leases$25 $11 
Financing cash outflows from finance leases$178 $44 
ROU assets obtained in exchange for new operating lease liabilities$— $186 
Leased assets obtained in exchange for new finance lease liabilities$474 $—