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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Jul. 31, 2017
Jul. 31, 2016
Net revenues:        
Agribusiness $ 39,050,000 $ 38,430,000 $ 101,236,000 $ 87,943,000
Rental operations 1,345,000 1,454,000 4,144,000 4,273,000
Real estate development 0 19,000 0 39,000
Total net revenues 40,395,000 39,903,000 105,380,000 92,255,000
Costs and expenses:        
Agribusiness 23,022,000 21,151,000 75,821,000 67,861,000
Rental operations 929,000 889,000 2,934,000 2,711,000
Real estate development 47,000 249,000 172,000 1,880,000
Impairment of real estate development assets 0 0 120,000 0
Selling, general and administrative 3,229,000 3,420,000 10,192,000 9,728,000
Total costs and expenses 27,227,000 25,709,000 89,239,000 82,180,000
Operating income 13,168,000 14,194,000 16,141,000 10,075,000
Other income (expense):        
Interest expense, net (521,000) (473,000) (1,372,000) (1,036,000)
Gain on sale of stock in Calavo Growers, Inc. 0 3,419,000 0 3,419,000
Equity in earnings of investments 76,000 235,000 9,000 206,000
Other income, net 37,000 47,000 364,000 463,000
Total other income (expense) (408,000) 3,228,000 (999,000) 3,052,000
Income before income tax provision 12,760,000 17,422,000 15,142,000 13,127,000
Income tax provision (5,017,000) (6,693,000) (5,935,000) (5,088,000)
Net income 7,743,000 10,729,000 9,207,000 8,039,000
Net loss attributable to noncontrolling interest 34,000 0 38,000 0
Net income attributable to Limoneira Company 7,777,000 10,729,000 9,245,000 8,039,000
Preferred dividends (125,000) (156,000) (435,000) (471,000)
Net income attributable to common stock $ 7,652,000 $ 10,573,000 $ 8,810,000 $ 7,568,000
Basic net income per common share $ 0.53 $ 0.75 $ 0.62 $ 0.53
Diluted net income per common share 0.52 0.71 0.62 0.53
Dividends per common share $ 0.06 $ 0.05 $ 0.17 $ 0.15
Weighted-average common shares outstanding-basic 14,396,000 14,178,000 14,287,000 14,165,000
Weighted-average common shares outstanding-diluted 14,989,000 15,066,000 14,570,000 15,053,000