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Fair Value Measurements (Tables)

3 Months Ended

Jan. 31, 2020

Financial Assets Measured on a Recurring Basis


	Level 1		Level 2		Level 3		Total
	(All amounts are presented in thousands)
Assets at Fair Value:
Investment in Limoneira Company⁽¹⁾	$	32,741		-		-	$	32,741
Total assets at fair value	$	32,741		-		-	$	32,741

(1) The investment in Limoneira Company consists of marketable securities in the Limoneira Company common stock. We currently own less than 10% of Limoneira’s outstanding common stock. These securities are measured at fair value using quoted market prices. For the three months ended January 31, 2020 and 2019, we recognized gains of $1.0 million and losses of $4.5 million on the consolidated condensed statement of income.