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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Oct. 31, 2016
Oct. 31, 2015
Oct. 31, 2014
Operating activities      
Net income $ 8,058,000 $ 7,082,000 $ 6,991,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 5,339,000 4,184,000 3,516,000
Impairments of real estate development assets 0 0 435,000
Loss on disposals/sales of assets 125,000 365,000 505,000
Stock compensation expense 1,309,000 1,077,000 1,116,000
Equity in earnings of investments (634,000) (243,000) (263,000)
Cash distributions from equity investments 642,000 843,000 183,000
Deferred income taxes 6,195,000 (350,000) (129,000)
Amortization of deferred financing costs 49,000 47,000 44,000
Accrued interest on note receivable (23,000) (40,000) (60,000)
Gain on sale of stock in Calavo Growers. Inc. (3,419,000) (5,033,000) 0
Gain on sale of conservation easement (995,000) 0 0
Gain on sale of Wilson Ranch 0 (935,000) 0
Fair value adjustment of contingent consideration (300,000) 0 0
Donation of common stock 0 100,000 100,000
Changes in operating assets and liabilities:      
Account receivable, net (1,880,000) (184,000) (810,000)
Cultural costs 72,000 (225,000) 433,000
Prepaid expenses and other current assets 78,000 224,000 (370,000)
Income taxes receivable (2,810,000) 1,143,000 (1,143,000)
Other assets 312,000 (286,000) 344,000
Accounts payable and growers payable 808,000 (873,000) 4,125,000
Accrued liabilities 1,249,000 (1,678,000) 912,000
Other long-term liabilities 129,000 2,477,000 163,000
Net cash provided by operating activities 14,304,000 7,695,000 16,092,000
Investing activities      
Capital expenditures (16,252,000) (31,254,000) (25,866,000)
Proceeds from sale of LLC Interest 18,000,000 0 0
Agriculture property acquisitions (15,098,000) (3,389,000) 0
Net proceeds from sale of Wilson Ranch 0 2,712,000 0
Business combination 0 0 (700,000)
Net proceeds from sale of stock in Calavo Growers, Inc. 4,019,000 6,433,000 0
Net proceeds from sale of conservation easement 995,000 0 0
Equity investment contributions (2,890,000) (9,000) (1,758,000)
Investments in mutual water companies and water rights (296,000) (300,000) (299,000)
Net cash used in investing activities (11,522,000) (25,807,000) (28,623,000)
Financing activities      
Borrowings of long-term debt 157,423,000 120,484,000 117,765,000
Repayments of long-term debt (156,403,000) (99,014,000) (111,543,000)
Dividends paid-common (2,834,000) (2,539,000) (2,321,000)
Dividends paid-preferred (628,000) (635,000) (430,000)
Exchange of common stock (190,000) (275,000) (176,000)
Issuance of preferred stock 0 0 9,300,000
Payments of debt financing costs (65,000) 0 (106,000)
Tax (provision) benefit of stock grant vesting (86,000) 38,000 52,000
Net cash (used in) provided by financing activities (2,783,000) 18,059,000 12,541,000
Net (decrease) increase in cash (1,000) (53,000) 10,000
Cash at beginning of year 39,000 92,000 82,000
Cash at end of year 38,000 39,000 92,000
Supplemental disclosures of cash flow information:      
Cash paid during the year for interest (net of amounts capitalized) 1,405,000 55,000 (51,000)
Cash paid during the year for income taxes, net of refunds received 2,125,000 2,963,000 6,495,000
Non-cash investing and financing activities:      
Unrealized holding gain on Calavo investment (2,668,000) (487,000) (9,425,000)
Increase in real estate development and sale-leaseback deferral 3,349,000 0 0
Reclassification of real estate development to property plant and equipment 26,779,000 0 0
Settlement of lease obligation related to agriculture property acquisition (739,000) 0 0
Capital expenditures accrued but not paid at year-end 594,000 1,270,000 1,134,000
Accrued equity investment contribution 325,000 0 0
Non-cash reduction of note receivable 0 1,535,000 0
Accrued interest on note receivable 23,000 40,000 60,000
Donation of common stock 0 100,000 100,000
Conversion of preferred stock to common stock $ 50,000 $ 50,000 $ 0