v3.26.1
Leases
 6 Months Ended
Apr. 30, 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 50 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
April 30,		Six Months Ended
April 30,
2026202520262025
Operating lease revenue$1,321 $1,512 $2,695 $2,840 
Variable lease revenue75 25 150 150 
Total lease revenue$1,396 $1,537 $2,845 $2,990 
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 seven 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
April 30,		Six Months Ended
April 30,
2026202520262025
Operating lease costs$311 $522 $415 $1,042 
Finance lease costs:
Amortization of lease assets177 126 344 187 
Interest on lease liabilities26 22 51 33 
Variable lease costs(8)13 (14)20 
Short-term lease costs43 57 341 81 
Total lease costs$549 $740 $1,137 $1,363 
Supplemental balance sheet information related to leases consists of the following (in thousands):
ClassificationApril 30, 2026October 31, 2025
Assets
Operating lease ROU assetsOther assets$3,706 $640 
Finance lease assetsOther assets2,305 1,617 
$6,011 $2,257 
Liabilities
Current operating lease liabilitiesAccrued liabilities$1,145 $426 
Current finance lease liabilitiesAccrued liabilities600 445 
Non-current operating lease liabilitiesOther long-term liabilities2,550 219 
Non-current finance lease liabilitiesOther long-term liabilities1,418 926 
$5,713 $2,016 
Supplemental cash flow information related to leases consists of the following (in thousands):
Six Months Ended
April 30,
20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$431 $1,078 
Operating cash outflows from finance leases$51 $33 
Financing cash outflows from finance leases$385 $354 
ROU assets obtained in exchange for new operating lease liabilities$3,561 $186 
Leased assets obtained in exchange for new finance lease liabilities$1,186 $1,121 
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 50 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
April 30,		Six Months Ended
April 30,
2026202520262025
Operating lease revenue$1,321 $1,512 $2,695 $2,840 
Variable lease revenue75 25 150 150 
Total lease revenue$1,396 $1,537 $2,845 $2,990 
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 seven 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
April 30,		Six Months Ended
April 30,
2026202520262025
Operating lease costs$311 $522 $415 $1,042 
Finance lease costs:
Amortization of lease assets177 126 344 187 
Interest on lease liabilities26 22 51 33 
Variable lease costs(8)13 (14)20 
Short-term lease costs43 57 341 81 
Total lease costs$549 $740 $1,137 $1,363 
Supplemental balance sheet information related to leases consists of the following (in thousands):
ClassificationApril 30, 2026October 31, 2025
Assets
Operating lease ROU assetsOther assets$3,706 $640 
Finance lease assetsOther assets2,305 1,617 
$6,011 $2,257 
Liabilities
Current operating lease liabilitiesAccrued liabilities$1,145 $426 
Current finance lease liabilitiesAccrued liabilities600 445 
Non-current operating lease liabilitiesOther long-term liabilities2,550 219 
Non-current finance lease liabilitiesOther long-term liabilities1,418 926 
$5,713 $2,016 
Supplemental cash flow information related to leases consists of the following (in thousands):
Six Months Ended
April 30,
20262025
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases$431 $1,078 
Operating cash outflows from finance leases$51 $33 
Financing cash outflows from finance leases$385 $354 
ROU assets obtained in exchange for new operating lease liabilities$3,561 $186 
Leased assets obtained in exchange for new finance lease liabilities$1,186 $1,121