0001342423 2014-11-01 2015-07-31 0001342423 2014-10-31 0001342423 us-gaap:SeriesBPreferredStockMember 2014-10-31 0001342423 us-gaap:SeriesAPreferredStockMember 2014-10-31 0001342423 2013-11-01 2014-07-31 0001342423 2013-10-31 0001342423 lmnr:ProductTwoMember 2014-11-01 2015-07-31 0001342423 lmnr:ProductTwoMember 2013-11-01 2014-07-31 0001342423 us-gaap:SupplierConcentrationRiskMember lmnr:ProductOneMember 2014-11-01 2015-07-31 0001342423 us-gaap:SupplierConcentrationRiskMember lmnr:ProductOneMember 2013-11-01 2014-07-31 0001342423 lmnr:RabobankRevolvingCreditFacilityMember 2014-10-31 0001342423 lmnr:RabobankRevolvingCreditFacilityMember 2014-11-01 2015-07-31 0001342423 lmnr:FarmCreditWestTermLoanOneMember 2014-10-31 0001342423 lmnr:FarmCreditWestNonrevolvingLineOfCreditMember 2014-10-31 0001342423 lmnr:FarmCreditWestTermLoanThreeMember 2014-10-31 0001342423 lmnr:CapitalLoansMember 2014-10-31 0001342423 lmnr:AgriculturalMember 2014-11-01 2015-07-31 0001342423 lmnr:RealEstateLeasesMember 2014-11-01 2015-07-31 0001342423 lmnr:RealEstateDevelopmentAndSalesMember 2014-11-01 2015-07-31 0001342423 us-gaap:CorporateAndOtherMember 2014-11-01 2015-07-31 0001342423 lmnr:AgriculturalMember 2013-11-01 2014-07-31 0001342423 lmnr:RealEstateLeasesMember 2013-11-01 2014-07-31 0001342423 lmnr:RealEstateDevelopmentAndSalesMember 2013-11-01 2014-07-31 0001342423 lmnr:FarmCreditWestTermLoanThreeMember 2014-11-01 2015-07-31 0001342423 lmnr:FarmCreditWestNonrevolvingLineOfCreditMember 2014-11-01 2015-07-31 0001342423 lmnr:FarmCreditWestTermLoanOneMember 2014-11-01 2015-07-31 0001342423 us-gaap:CorporateAndOtherMember 2013-11-01 2014-07-31 0001342423 lmnr:ProductOneMember 2014-11-01 2015-07-31 0001342423 lmnr:ProductThreeMember 2014-11-01 2015-07-31 0001342423 lmnr:ProductFourMember 2014-11-01 2015-07-31 0001342423 lmnr:ResidentialAndCommercialMember 2014-11-01 2015-07-31 0001342423 lmnr:LeasedLandMember 2014-11-01 2015-07-31 0001342423 lmnr:OrganicRecyclingMember 2014-11-01 2015-07-31 0001342423 lmnr:ProductOneMember 2013-11-01 2014-07-31 0001342423 lmnr:ProductThreeMember 2013-11-01 2014-07-31 0001342423 lmnr:ProductFourMember 2013-11-01 2014-07-31 0001342423 lmnr:ResidentialAndCommercialMember 2013-11-01 2014-07-31 0001342423 lmnr:LeasedLandMember 2013-11-01 2014-07-31 0001342423 lmnr:OrganicRecyclingMember 2013-11-01 2014-07-31 0001342423 lmnr:ForwardInterestRateSwapsMember 2014-10-31 0001342423 lmnr:EmployeeMember 2014-11-01 2015-07-31 0001342423 lmnr:EmployeeMember 2013-11-01 2014-07-31 0001342423 lmnr:MutualWaterCompaniesMember 2014-11-01 2015-07-31 0001342423 lmnr:MutualWaterCompaniesMember 2013-11-01 2014-07-31 0001342423 lmnr:MutualWaterCompaniesMember 2014-10-31 0001342423 lmnr:CooperativeAssociationMember 2014-11-01 2015-07-31 0001342423 lmnr:CooperativeAssociationMember 2013-11-01 2014-07-31 0001342423 lmnr:CooperativeAssociationMember 2014-10-31 0001342423 lmnr:CalavoGrowersIncorporatedMember 2014-11-01 2015-07-31 0001342423 lmnr:CalavoGrowersIncorporatedMember 2013-11-01 2014-07-31 0001342423 lmnr:ProductTwoMember lmnr:CalavoGrowersIncorporatedMember 2014-11-01 2015-07-31 0001342423 lmnr:ProductTwoMember lmnr:CalavoGrowersIncorporatedMember 2013-11-01 2014-07-31 0001342423 lmnr:BoardOfDirectorsMember 2014-11-01 2015-07-31 0001342423 lmnr:BoardOfDirectorsMember 2013-11-01 2014-07-31 0001342423 lmnr:BoardOfDirectorsMember 2014-10-31 0001342423 us-gaap:MinimumMember lmnr:CadizMember 2014-11-01 2015-07-31 0001342423 lmnr:CadizMember 2014-11-01 2015-07-31 0001342423 us-gaap:MaximumMember lmnr:CadizMember 2014-11-01 2015-07-31 0001342423 lmnr:YumaMesaIrrigationAndDrainageDistrictMember 2014-11-01 2015-07-31 0001342423 us-gaap:StockCompensationPlanMember 2014-11-01 2015-07-31 0001342423 us-gaap:ManagementMember 2014-11-01 2015-07-31 0001342423 lmnr:EastAreasOneAndTwoMember 2014-10-31 0001342423 lmnr:TempletonSantaBarbaraLimitedLiabilityCompanyMember 2014-10-31 0001342423 lmnr:WindfallInvestorsLimitedLiabilityCompanyMember 2014-10-31 0001342423 lmnr:EastAreasOneAndTwoMember 2014-11-01 2015-07-31 0001342423 lmnr:EastAreasOneAndTwoMember 2013-11-01 2014-07-31 0001342423 us-gaap:PensionPlansDefinedBenefitMember 2014-11-01 2015-07-31 0001342423 us-gaap:PensionPlansDefinedBenefitMember 2013-11-01 2014-07-31 0001342423 lmnr:TempletonSantaBarbaraLimitedLiabilityCompanyMember 2014-11-01 2015-07-31 0001342423 lmnr:TempletonSantaBarbaraLimitedLiabilityCompanyMember 2013-11-01 2014-07-31 0001342423 lmnr:WindfallInvestorsLimitedLiabilityCompanyMember 2009-11-15 0001342423 lmnr:WindfallInvestorsLimitedLiabilityCompanyMember 2014-11-01 2015-07-31 0001342423 lmnr:WindfallInvestorsLimitedLiabilityCompanyMember 2013-11-01 2014-07-31 0001342423 us-gaap:StockCompensationPlanMember lmnr:NonemployeeDirectorsMember 2014-11-01 2015-07-31 0001342423 us-gaap:StockCompensationPlanMember lmnr:NonemployeeDirectorsMember 2013-11-01 2014-07-31 0001342423 lmnr:CalavoGrowersIncorporatedMember 2005-06-30 0001342423 lmnr:CalavoGrowersIncorporatedMember 2005-06-01 2005-06-30 0001342423 lmnr:CalavoGrowersIncorporatedMember 2014-11-01 2015-07-31 0001342423 lmnr:CalavoGrowersIncorporatedMember 2013-11-01 2014-07-31 0001342423 lmnr:NotesReceivableParcelOfLandSaleMember 2014-10-31 0001342423 lmnr:NotesReceivableParcelOfLandSaleMember 2014-11-01 2015-07-31 0001342423 lmnr:NotesReceivableParcelOfLandSaleMember 2013-11-01 2014-07-31 0001342423 lmnr:ColoradoRiverGrowersMember 2014-11-01 2015-07-31 0001342423 lmnr:ColoradoRiverGrowersMember 2014-10-31 0001342423 lmnr:CadizMember 2013-11-01 2014-07-31 0001342423 lmnr:YumaMesaIrrigationAndDrainageDistrictMember 2013-11-01 2014-07-31 0001342423 lmnr:SeriesbTwoPreferredStockMember 2014-11-01 2015-07-31 0001342423 us-gaap:StockCompensationPlanMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2014-11-01 2015-07-31 0001342423 us-gaap:StockCompensationPlanMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2013-11-01 2014-07-31 0001342423 us-gaap:StockCompensationPlanMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2014-11-01 2015-07-31 0001342423 us-gaap:StockCompensationPlanMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2013-11-01 2014-07-31 0001342423 us-gaap:StockCompensationPlanMember us-gaap:ShareBasedCompensationAwardTrancheThreeMember 2014-11-01 2015-07-31 0001342423 us-gaap:StockCompensationPlanMember us-gaap:ShareBasedCompensationAwardTrancheThreeMember 2013-11-01 2014-07-31 0001342423 us-gaap:StockCompensationPlanMember lmnr:PerformanceYearFourMember 2014-11-01 2015-07-31 0001342423 us-gaap:StockCompensationPlanMember lmnr:PerformanceYearFourMember 2013-11-01 2014-07-31 0001342423 us-gaap:StockCompensationPlanMember 2013-11-01 2014-07-31 0001342423 lmnr:ForwardInterestRateSwapsMember us-gaap:MinimumMember 2014-11-01 2015-07-31 0001342423 lmnr:ForwardInterestRateSwapsMember us-gaap:MaximumMember 2014-11-01 2015-07-31 0001342423 us-gaap:SeriesBPreferredStockMember 2014-11-01 2015-07-31 0001342423 us-gaap:StockCompensationPlanMember us-gaap:ManagementMember 2012-11-01 2013-10-31 0001342423 lmnr:SeriesbTwoPreferredStockMember 2014-10-31 0001342423 2015-07-31 0001342423 us-gaap:SeriesBPreferredStockMember 2015-07-31 0001342423 us-gaap:SeriesAPreferredStockMember 2015-07-31 0001342423 lmnr:SeriesbTwoPreferredStockMember 2015-07-31 0001342423 lmnr:SeriesbTwoPreferredStockMember 2013-11-01 2014-10-31 0001342423 us-gaap:SeriesBPreferredStockMember 2013-11-01 2014-10-31 0001342423 lmnr:EastAreasOneAndTwoMember 2015-07-31 0001342423 lmnr:TempletonSantaBarbaraLimitedLiabilityCompanyMember 2015-07-31 0001342423 lmnr:WindfallInvestorsLimitedLiabilityCompanyMember 2015-07-31 0001342423 lmnr:EastAreaOneMember 2015-07-31 0001342423 lmnr:CentennialSquareMember 2015-07-31 0001342423 lmnr:PacificCrestMember 2015-07-31 0001342423 lmnr:SevillaMember 2015-07-31 0001342423 lmnr:NotesReceivableParcelOfLandSaleMember 2015-07-31 0001342423 lmnr:FarmCreditWestTermLoanOneMember 2015-07-31 0001342423 lmnr:FarmCreditWestNonrevolvingLineOfCreditMember 2015-07-31 0001342423 lmnr:FarmCreditWestTermLoanThreeMember 2015-07-31 0001342423 lmnr:CapitalLoansMember 2015-07-31 0001342423 lmnr:RabobankRevolvingCreditFacilityMember 2015-07-31 0001342423 lmnr:ForwardInterestRateSwapsMember 2015-07-31 0001342423 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2015-07-31 0001342423 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2015-07-31 0001342423 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2015-07-31 0001342423 us-gaap:FairValueMeasurementsRecurringMember 2015-07-31 0001342423 lmnr:CalavoGrowersIncorporatedMember 2015-07-31 0001342423 lmnr:MutualWaterCompaniesMember 2015-07-31 0001342423 lmnr:CooperativeAssociationMember 2015-07-31 0001342423 lmnr:BoardOfDirectorsMember 2015-07-31 0001342423 lmnr:ColoradoRiverGrowersMember 2015-07-31 0001342423 lmnr:DiscontinuedStockOptionPlanMember 2015-07-31 0001342423 lmnr:RosalesMember 2013-11-01 2014-10-31 0001342423 lmnr:RosalesMember 2014-08-14 0001342423 lmnr:RosalesMember lmnr:ProductOneMember 2014-11-01 2015-07-31 0001342423 lmnr:RosalesMember 2015-07-31 0001342423 lmnr:RosalesMember 2014-10-31 0001342423 lmnr:ColoradoRiverGrowersMember 2013-11-01 2014-07-31 0001342423 2014-07-31 0001342423 lmnr:CalavoGrowersIncorporatedMember 2012-11-01 2013-10-31 0001342423 lmnr:CalavoGrowersIncorporatedMember 2008-11-01 2009-10-31 0001342423 us-gaap:StockCompensationPlanMember us-gaap:ManagementMember 2011-11-01 2012-10-31 0001342423 us-gaap:StockCompensationPlanMember us-gaap:ManagementMember 2013-11-01 2014-10-31 0001342423 us-gaap:GeneralPartnerMember lmnr:LimcoDelMarLimitedMember 2015-07-31 0001342423 us-gaap:LimitedPartnerMember lmnr:LimcoDelMarLimitedMember 2015-07-31 0001342423 lmnr:LimcoDelMarLimitedMember 2014-11-01 2015-07-31 0001342423 lmnr:LimcoDelMarLimitedMember 2013-11-01 2014-07-31 0001342423 lmnr:LimcoDelMarLimitedMember 2015-07-31 0001342423 lmnr:LimcoDelMarLimitedMember 2014-10-31 0001342423 lmnr:RosalesMember 2014-11-01 2015-07-31 0001342423 us-gaap:ScenarioPreviouslyReportedMember 2013-11-01 2014-07-31 0001342423 2015-05-01 2015-07-31 0001342423 2014-05-01 2014-07-31 0001342423 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2014-10-31 0001342423 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2014-10-31 0001342423 us-gaap:FairValueMeasurementsRecurringMember 2014-10-31 0001342423 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2014-10-31 0001342423 lmnr:CalavoGrowersIncorporatedMember 2014-10-31 0001342423 us-gaap:SupplierConcentrationRiskMember lmnr:ProductOneMember 2015-05-01 2015-07-31 0001342423 us-gaap:SupplierConcentrationRiskMember lmnr:ProductOneMember 2014-05-01 2014-07-31 0001342423 lmnr:EastAreasOneAndTwoMember 2015-05-01 2015-07-31 0001342423 lmnr:EastAreasOneAndTwoMember 2014-05-01 2014-07-31 0001342423 lmnr:CentennialSquareMember 2014-10-31 0001342423 lmnr:PacificCrestMember 2014-10-31 0001342423 lmnr:SevillaMember 2014-10-31 0001342423 lmnr:TempletonSantaBarbaraLimitedLiabilityCompanyMember 2015-05-01 2015-07-31 0001342423 lmnr:TempletonSantaBarbaraLimitedLiabilityCompanyMember 2014-05-01 2014-07-31 0001342423 lmnr:WindfallInvestorsLimitedLiabilityCompanyMember 2015-05-01 2015-07-31 0001342423 lmnr:WindfallInvestorsLimitedLiabilityCompanyMember 2014-05-01 2014-07-31 0001342423 lmnr:CalavoGrowersIncorporatedMember 2015-05-01 2015-07-31 0001342423 lmnr:CalavoGrowersIncorporatedMember 2014-05-01 2014-07-31 0001342423 lmnr:EmployeeMember 2015-05-01 2015-07-31 0001342423 lmnr:EmployeeMember 2014-05-01 2014-07-31 0001342423 lmnr:MutualWaterCompaniesMember 2015-05-01 2015-07-31 0001342423 lmnr:MutualWaterCompaniesMember 2014-05-01 2014-07-31 0001342423 lmnr:CooperativeAssociationMember 2015-05-01 2015-07-31 0001342423 lmnr:CooperativeAssociationMember 2014-05-01 2014-07-31 0001342423 lmnr:ProductTwoMember lmnr:CalavoGrowersIncorporatedMember 2015-05-01 2015-07-31 0001342423 lmnr:ProductTwoMember lmnr:CalavoGrowersIncorporatedMember 2014-05-01 2014-07-31 0001342423 lmnr:CalavoGrowersIncorporatedMember 2015-05-01 2015-07-31 0001342423 lmnr:CalavoGrowersIncorporatedMember 2014-05-01 2014-07-31 0001342423 lmnr:BoardOfDirectorsMember 2015-05-01 2015-07-31 0001342423 lmnr:BoardOfDirectorsMember 2014-05-01 2014-07-31 0001342423 lmnr:ColoradoRiverGrowersMember 2015-05-01 2015-07-31 0001342423 lmnr:ColoradoRiverGrowersMember 2014-05-01 2014-07-31 0001342423 lmnr:YumaMesaIrrigationAndDrainageDistrictMember 2015-05-01 2015-07-31 0001342423 lmnr:YumaMesaIrrigationAndDrainageDistrictMember 2014-05-01 2014-07-31 0001342423 lmnr:CalavoGrowersIncorporatedMember 2015-07-31 0001342423 lmnr:CalavoGrowersIncorporatedMember 2014-10-31 0001342423 lmnr:LimcoDelMarLimitedMember 2015-05-01 2015-07-31 0001342423 lmnr:LimcoDelMarLimitedMember 2014-05-01 2014-07-31 0001342423 lmnr:RosalesMember lmnr:ProductOneMember 2015-05-01 2015-07-31 0001342423 lmnr:RosalesMember 2015-05-01 2015-07-31 0001342423 us-gaap:PensionPlansDefinedBenefitMember 2015-05-01 2015-07-31 0001342423 us-gaap:PensionPlansDefinedBenefitMember 2014-05-01 2014-07-31 0001342423 us-gaap:StockCompensationPlanMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2014-05-01 2014-07-31 0001342423 us-gaap:StockCompensationPlanMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2014-05-01 2014-07-31 0001342423 us-gaap:StockCompensationPlanMember us-gaap:ShareBasedCompensationAwardTrancheThreeMember 2014-05-01 2014-07-31 0001342423 us-gaap:StockCompensationPlanMember lmnr:PerformanceYearFourMember 2014-05-01 2014-07-31 0001342423 us-gaap:StockCompensationPlanMember 2014-05-01 2014-07-31 0001342423 us-gaap:StockCompensationPlanMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2015-05-01 2015-07-31 0001342423 us-gaap:StockCompensationPlanMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2015-05-01 2015-07-31 0001342423 us-gaap:StockCompensationPlanMember us-gaap:ShareBasedCompensationAwardTrancheThreeMember 2015-05-01 2015-07-31 0001342423 us-gaap:StockCompensationPlanMember lmnr:PerformanceYearFourMember 2015-05-01 2015-07-31 0001342423 us-gaap:StockCompensationPlanMember 2015-05-01 2015-07-31 0001342423 lmnr:AgriculturalMember 2015-05-01 2015-07-31 0001342423 lmnr:RealEstateLeasesMember 2015-05-01 2015-07-31 0001342423 lmnr:RealEstateDevelopmentAndSalesMember 2015-05-01 2015-07-31 0001342423 us-gaap:CorporateAndOtherMember 2015-05-01 2015-07-31 0001342423 lmnr:AgriculturalMember 2014-05-01 2014-07-31 0001342423 lmnr:RealEstateLeasesMember 2014-05-01 2014-07-31 0001342423 lmnr:RealEstateDevelopmentAndSalesMember 2014-05-01 2014-07-31 0001342423 us-gaap:CorporateAndOtherMember 2014-05-01 2014-07-31 0001342423 lmnr:ProductOneMember 2015-05-01 2015-07-31 0001342423 lmnr:ProductOneMember 2014-05-01 2014-07-31 0001342423 lmnr:ProductTwoMember 2015-05-01 2015-07-31 0001342423 lmnr:ProductTwoMember 2014-05-01 2014-07-31 0001342423 lmnr:ProductThreeMember 2015-05-01 2015-07-31 0001342423 lmnr:ProductThreeMember 2014-05-01 2014-07-31 0001342423 lmnr:ProductFourMember 2015-05-01 2015-07-31 0001342423 lmnr:ProductFourMember 2014-05-01 2014-07-31 0001342423 lmnr:ResidentialAndCommercialMember 2015-05-01 2015-07-31 0001342423 lmnr:ResidentialAndCommercialMember 2014-05-01 2014-07-31 0001342423 lmnr:LeasedLandMember 2015-05-01 2015-07-31 0001342423 lmnr:LeasedLandMember 2014-05-01 2014-07-31 0001342423 lmnr:OrganicRecyclingMember 2015-05-01 2015-07-31 0001342423 lmnr:OrganicRecyclingMember 2014-05-01 2014-07-31 0001342423 lmnr:LimcoDelMarLimitedMember lmnr:ProductOneMember 2014-11-01 2015-07-31 0001342423 lmnr:LimcoDelMarLimitedMember lmnr:ProductOneMember 2013-11-01 2014-07-31 0001342423 lmnr:CadizMember 2015-02-02 2015-02-03 0001342423 lmnr:LimcoDelMarLimitedMember lmnr:ManagementDevelopmentAndAccountingServicesMember 2014-11-01 2015-07-31 0001342423 lmnr:LimcoDelMarLimitedMember lmnr:ManagementDevelopmentAndAccountingServicesMember 2013-11-01 2014-07-31 0001342423 2015-08-31 0001342423 lmnr:CentennialSquareMember 2013-11-01 2014-07-31 0001342423 lmnr:NotesReceivableParcelOfLandSaleMember 2015-05-01 2015-07-31 0001342423 lmnr:NotesReceivableParcelOfLandSaleMember 2014-05-01 2014-07-31 0001342423 lmnr:CadizMember 2015-05-01 2015-07-31 0001342423 lmnr:CadizMember 2014-05-01 2014-07-31 0001342423 lmnr:RosalesMember lmnr:ProductOneMember 2014-05-01 2014-07-31 0001342423 lmnr:RosalesMember lmnr:ProductOneMember 2013-11-01 2014-07-31 0001342423 lmnr:RosalesMember 2015-08-01 2015-08-31 0001342423 2015-06-25 2015-06-30 0001342423 us-gaap:SubsequentEventMember 2015-08-21 0001342423 us-gaap:SubsequentEventMember lmnr:ProductTwoMember 2015-08-21 0001342423 us-gaap:SubsequentEventMember 2015-08-01 2015-08-21 0001342423 2015-07-01 2015-07-31 0001342423 lmnr:EastAreaOneMember us-gaap:ScenarioForecastMember 2014-11-01 2015-07-31 0001342423 lmnr:LimcoDelMarLimitedMember lmnr:ManagementDevelopmentAndAccountingServicesMember 2015-05-01 2015-07-31 0001342423 lmnr:LimcoDelMarLimitedMember lmnr:ManagementDevelopmentAndAccountingServicesMember 2014-05-01 2014-07-31 0001342423 lmnr:LimcoDelMarLimitedMember lmnr:ProductOneMember 2015-05-01 2015-07-31 0001342423 lmnr:LimcoDelMarLimitedMember lmnr:ProductOneMember 2014-05-01 2014-07-31 0001342423 us-gaap:SubsequentEventMember 2015-09-01 2015-09-30 0001342423 lmnr:EastAreaOneMember us-gaap:SubsequentEventMember 2015-09-01 2015-09-30 0001342423 lmnr:EastAreaOneMember us-gaap:SubsequentEventMember 2015-09-30 0001342423 lmnr:EastAreaOneMember us-gaap:ScenarioForecastMember 2015-07-31 iso4217:USD iso4217:USD xbrli:shares xbrli:shares xbrli:pure utr:acre lmnr:segments 14128830 19900000 32000 92000 7626000 7236000 2859000 3691000 3986000 3849000 1143000 14503000 16011000 122007000 105433000 94923000 88088000 3344000 3638000 27255000 24270000 819000 2084000 8125000 8114000 270976000 247638000 5457000 6363000 6066000 5839000 7219000 7539000 764000 809000 585000 583000 20091000 21133000 84215000 67771000 23294000 21792000 5708000 6282000 133308000 116978000 0.01 14128830 14078077 141000 140000 90394000 89770000 27356000 23308000 7446000 5111000 125337000 118329000 270976000 247638000 100 10000 9300 0.04 1000 9331000 9331000 14078077 30000 0.01 9300 30000 19900000 50000 0.0875 100 30000 100 10000 9300 9300 0.04 1000 100 50000 30000 0.0875 3000000 3000000 14128830 12331000 12331000 82268000 83481000 3769000 3483000 62000 196000 86099000 87160000 63308000 58730000 2471000 2231000 806000 1021000 10053000 10326000 76638000 72743000 9461000 14417000 -102000 59000 353000 254000 444000 445000 9905000 14862000 3477000 5036000 6428000 9826000 477000 302000 5951000 9524000 0.42 0.68 0.42 0.68 0.14 0.12 14115000 14048000 14115000 14227000 193000 132000 28466000 35173000 1311000 1182000 34000 121000 29811000 36476000 17471000 17805000 907000 796000 325000 420000 3270000 3640000 21973000 23096000 7838000 13380000 -45000 20000 205000 101000 91000 39000 251000 160000 8089000 13540000 2776000 4608000 5313000 8932000 159000 171000 5154000 8761000 0.36 0.62 0.36 0.61 0.05 0.05 14127000 14064000 14953000 14486000 -447000 -352000 1813000 1445000 75000 370000 2335000 2167000 8763000 11993000 -149000 -117000 1172000 1023000 87000 119000 1408000 1259000 6721000 10191000 2979000 2564000 -357000 -408000 799000 892000 303000 52000 36000 59000 394000 4728000 -832000 -1434000 137000 57000 -1143000 -208000 -240000 -2073000 3208000 -581000 3339000 258000 121000 10186000 17775000 23735000 14185000 9000 8000 293000 293000 -24037000 -15186000 93334000 40938000 76888000 50967000 1903000 1687000 477000 271000 106000 13791000 -2968000 -60000 -29000 82000 53000 1939000 1730000 -640000 2095000 2985000 2400000 1654000 721000 36000 59000 275000 175000 31000 31000 9300000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><strong>1. Business</strong></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;"><br/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;"><!-- [if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:AllowPNG></o:AllowPNG> </o:OfficeDocumentSettings> </xml><![endif]--> <!-- [if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves></w:TrackMoves> <w:TrackFormatting></w:TrackFormatting> <w:PunctuationKerning></w:PunctuationKerning> <w:ValidateAgainstSchemas></w:ValidateAgainstSchemas> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF></w:DoNotPromoteQF> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables></w:BreakWrappedTables> <w:SnapToGridInCell></w:SnapToGridInCell> <w:WrapTextWithPunct></w:WrapTextWithPunct> <w:UseAsianBreakRules></w:UseAsianBreakRules> <w:DontGrowAutofit></w:DontGrowAutofit> <w:SplitPgBreakAndParaMark></w:SplitPgBreakAndParaMark> <w:EnableOpenTypeKerning></w:EnableOpenTypeKerning> <w:DontFlipMirrorIndents></w:DontFlipMirrorIndents> <w:OverrideTableStyleHps></w:OverrideTableStyleHps> </w:Compatibility> <w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel> <m:mathPr> <m:mathFont m:val="Cambria Math"></m:mathFont> <m:brkBin m:val="before"></m:brkBin> <m:brkBinSub m:val="&#45;-"></m:brkBinSub> <m:smallFrac m:val="off"></m:smallFrac> <m:dispDef></m:dispDef> <m:lMargin m:val="0"></m:lMargin> <m:rMargin m:val="0"></m:rMargin> <m:defJc m:val="centerGroup"></m:defJc> <m:wrapIndent m:val="1440"></m:wrapIndent> <m:intLim m:val="subSup"></m:intLim> <m:naryLim m:val="undOvr"></m:naryLim> </m:mathPr></w:WordDocument> </xml><![endif]--><!-- [if gte mso 9]><xml> <w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="false" DefSemiHidden="false" DefQFormat="false" DefPriority="99" LatentStyleCount="371"> <w:LsdException Locked="false" Priority="0" QFormat="true" Name="Normal"></w:LsdException> <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 1"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 2"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 3"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 4"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 5"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 6"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 7"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 8"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 9"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 6"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 7"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 8"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 9"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 1"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 2"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 3"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 4"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 5"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 6"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 7"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 8"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 9"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Normal Indent"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="footnote text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="annotation text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="header"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="footer"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index heading"></w:LsdException> <w:LsdException Locked="false" Priority="35" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="caption"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="table of figures"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="envelope address"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="envelope return"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="footnote reference"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="annotation reference"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="line number"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="page number"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="endnote reference"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="endnote text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="table of authorities"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="macro"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="toa heading"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 5"></w:LsdException> <w:LsdException Locked="false" Priority="10" QFormat="true" Name="Title"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Closing"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Signature"></w:LsdException> <w:LsdException Locked="false" Priority="1" SemiHidden="true" UnhideWhenUsed="true" Name="Default Paragraph Font"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text Indent"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Message Header"></w:LsdException> <w:LsdException Locked="false" Priority="11" QFormat="true" Name="Subtitle"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Salutation"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Date"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text First Indent"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text First Indent 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Note Heading"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text Indent 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text Indent 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Block Text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Hyperlink"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="FollowedHyperlink"></w:LsdException> <w:LsdException Locked="false" Priority="22" QFormat="true" Name="Strong"></w:LsdException> <w:LsdException Locked="false" Priority="20" QFormat="true" Name="Emphasis"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Document Map"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Plain Text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="E-mail Signature"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Top of Form"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Bottom of Form"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Normal (Web)"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Acronym"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Address"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Cite"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Code"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Definition"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Keyboard"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Preformatted"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Sample"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Typewriter"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Variable"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Normal Table"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="annotation subject"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="No List"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Outline List 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Outline List 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Outline List 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Simple 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Simple 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Simple 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Colorful 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Colorful 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Colorful 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 6"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 7"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 8"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 6"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 7"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 8"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table 3D effects 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table 3D effects 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table 3D effects 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Contemporary"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Elegant"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Professional"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Subtle 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Subtle 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Web 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Web 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Web 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Balloon Text"></w:LsdException> <w:LsdException Locked="false" Priority="39" Name="Table Grid"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Theme"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" Name="Placeholder Text"></w:LsdException> <w:LsdException Locked="false" Priority="1" QFormat="true" Name="No Spacing"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" Name="Revision"></w:LsdException> <w:LsdException Locked="false" Priority="34" QFormat="true" Name="List Paragraph"></w:LsdException> <w:LsdException Locked="false" Priority="29" QFormat="true" Name="Quote"></w:LsdException> <w:LsdException Locked="false" Priority="30" QFormat="true" Name="Intense Quote"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="19" QFormat="true" Name="Subtle Emphasis"></w:LsdException> <w:LsdException Locked="false" Priority="21" QFormat="true" Name="Intense Emphasis"></w:LsdException> <w:LsdException Locked="false" Priority="31" QFormat="true" Name="Subtle Reference"></w:LsdException> <w:LsdException Locked="false" Priority="32" QFormat="true" Name="Intense Reference"></w:LsdException> <w:LsdException Locked="false" Priority="33" QFormat="true" Name="Book Title"></w:LsdException> <w:LsdException Locked="false" Priority="37" SemiHidden="true" UnhideWhenUsed="true" Name="Bibliography"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="TOC Heading"></w:LsdException> <w:LsdException Locked="false" Priority="41" Name="Plain Table 1"></w:LsdException> <w:LsdException Locked="false" Priority="42" Name="Plain Table 2"></w:LsdException> <w:LsdException Locked="false" Priority="43" Name="Plain Table 3"></w:LsdException> <w:LsdException Locked="false" Priority="44" Name="Plain Table 4"></w:LsdException> <w:LsdException Locked="false" Priority="45" Name="Plain Table 5"></w:LsdException> <w:LsdException Locked="false" Priority="40" Name="Grid Table Light"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 6"></w:LsdException> </w:LatentStyles> </xml><![endif]--> <!-- [if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman",serif;} </style> <![endif]--></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">Limoneira Company, a Delaware corporation (the &#147;Company&#148;), engages primarily in growing citrus and avocados, picking and hauling citrus, and packing, marketing and selling lemons. The Company is also engaged in residential rentals and other rental operations and real estate development activities.</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; text-indent: 0.5in; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">The Company markets and sells lemons directly to foodservice, wholesale and retail customers throughout the United States, Canada, Asia and other international markets. The Company is a member of Sunkist Growers, Inc. (&#147;Sunkist&#148;), an agricultural marketing cooperative, and sells its oranges, specialty citrus and other crops to Sunkist-licensed and other third-party packinghouses.</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; text-indent: 0.5in; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">The Company sells all of its avocado production to Calavo Growers, Inc. (&#147;Calavo&#148;), a packing and marketing company listed on the NASDAQ Global Select Market under the symbol CVGW. Calavo's customers include many of the largest retail and food service companies in the United States and Canada. The Company's avocados are packed by Calavo, sold and distributed under Calavo brands to its customers.</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">The unaudited interim consolidated financial statements include the accounts of the Company and the accounts of all the subsidiaries and investments in which a controlling interest is held by the Company. The unaudited interim consolidated financial statements represent the consolidated balance sheets, consolidated statements of operations, consolidated statements of comprehensive income and consolidated statements of cash flows of the Company and its wholly-owned subsidiaries. The Company's subsidiaries include: Limoneira International Division, LLC, Limoneira Mercantile, LLC, Windfall Investors, LLC, Templeton Santa Barbara, LLC, and Associated Citrus Packers, Inc. All significant intercompany balances and transactions have been eliminated in consolidation. The Company considers the criteria established under the Financial Accounting Standards Board &#150; Accounting Standards Code (&#147;FASB ASC&#148;) 810, <i>Consolidations</i> and the effect of variable interest entities, in its consolidation process. These unaudited consolidated financial statements should be read in conjunction with the notes thereto included in this quarterly report.</font></p> </div> </div> 1662000000 24270000000 24270000000 1782000000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="width: 100%;"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><strong>2. Summary of Significant Accounting Policies</strong></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><!-- [if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:AllowPNG></o:AllowPNG> </o:OfficeDocumentSettings> </xml><![endif]--> <!-- [if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves></w:TrackMoves> <w:TrackFormatting></w:TrackFormatting> <w:DoNotShowPropertyChanges></w:DoNotShowPropertyChanges> <w:PunctuationKerning></w:PunctuationKerning> <w:ValidateAgainstSchemas></w:ValidateAgainstSchemas> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF></w:DoNotPromoteQF> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables></w:BreakWrappedTables> <w:SnapToGridInCell></w:SnapToGridInCell> <w:WrapTextWithPunct></w:WrapTextWithPunct> <w:UseAsianBreakRules></w:UseAsianBreakRules> <w:DontGrowAutofit></w:DontGrowAutofit> <w:SplitPgBreakAndParaMark></w:SplitPgBreakAndParaMark> <w:EnableOpenTypeKerning></w:EnableOpenTypeKerning> <w:DontFlipMirrorIndents></w:DontFlipMirrorIndents> <w:OverrideTableStyleHps></w:OverrideTableStyleHps> </w:Compatibility> <w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel> <m:mathPr> <m:mathFont m:val="Cambria Math"></m:mathFont> <m:brkBin m:val="before"></m:brkBin> <m:brkBinSub m:val="&#45;-"></m:brkBinSub> <m:smallFrac m:val="off"></m:smallFrac> <m:dispDef></m:dispDef> <m:lMargin m:val="0"></m:lMargin> <m:rMargin m:val="0"></m:rMargin> <m:defJc m:val="centerGroup"></m:defJc> <m:wrapIndent m:val="1440"></m:wrapIndent> <m:intLim m:val="subSup"></m:intLim> <m:naryLim m:val="undOvr"></m:naryLim> </m:mathPr></w:WordDocument> </xml><![endif]--><!-- [if gte mso 9]><xml> <w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="false" DefSemiHidden="false" DefQFormat="false" DefPriority="99" LatentStyleCount="371"> <w:LsdException Locked="false" Priority="0" QFormat="true" Name="Normal"></w:LsdException> <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 1"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 2"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 3"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 4"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 5"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 6"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 7"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 8"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 9"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 6"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 7"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 8"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 9"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 1"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 2"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 3"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 4"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 5"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 6"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 7"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 8"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 9"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Normal Indent"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="footnote text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="annotation text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="header"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="footer"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index heading"></w:LsdException> <w:LsdException Locked="false" Priority="35" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="caption"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="table of figures"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="envelope address"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="envelope return"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="footnote reference"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="annotation reference"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="line number"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="page number"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="endnote reference"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="endnote text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="table of authorities"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="macro"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="toa heading"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 5"></w:LsdException> <w:LsdException Locked="false" Priority="10" QFormat="true" Name="Title"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Closing"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Signature"></w:LsdException> <w:LsdException Locked="false" Priority="1" SemiHidden="true" UnhideWhenUsed="true" Name="Default Paragraph Font"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text Indent"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Message Header"></w:LsdException> <w:LsdException Locked="false" Priority="11" QFormat="true" Name="Subtitle"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Salutation"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Date"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text First Indent"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text First Indent 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Note Heading"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text Indent 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text Indent 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Block Text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Hyperlink"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="FollowedHyperlink"></w:LsdException> <w:LsdException Locked="false" Priority="22" QFormat="true" Name="Strong"></w:LsdException> <w:LsdException Locked="false" Priority="20" QFormat="true" Name="Emphasis"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Document Map"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Plain Text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="E-mail Signature"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Top of Form"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Bottom of Form"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Normal (Web)"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Acronym"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Address"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Cite"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Code"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Definition"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Keyboard"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Preformatted"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Sample"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Typewriter"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Variable"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Normal Table"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="annotation subject"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="No List"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Outline List 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Outline List 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Outline List 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Simple 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Simple 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Simple 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Colorful 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Colorful 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Colorful 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 6"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 7"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 8"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 6"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 7"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 8"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table 3D effects 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table 3D effects 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table 3D effects 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Contemporary"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Elegant"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Professional"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Subtle 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Subtle 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Web 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Web 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Web 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Balloon Text"></w:LsdException> <w:LsdException Locked="false" Priority="39" Name="Table Grid"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Theme"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" Name="Placeholder Text"></w:LsdException> <w:LsdException Locked="false" Priority="1" QFormat="true" Name="No Spacing"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" Name="Revision"></w:LsdException> <w:LsdException Locked="false" Priority="34" QFormat="true" Name="List Paragraph"></w:LsdException> <w:LsdException Locked="false" Priority="29" QFormat="true" Name="Quote"></w:LsdException> <w:LsdException Locked="false" Priority="30" QFormat="true" Name="Intense Quote"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="19" QFormat="true" Name="Subtle Emphasis"></w:LsdException> <w:LsdException Locked="false" Priority="21" QFormat="true" Name="Intense Emphasis"></w:LsdException> <w:LsdException Locked="false" Priority="31" QFormat="true" Name="Subtle Reference"></w:LsdException> <w:LsdException Locked="false" Priority="32" QFormat="true" Name="Intense Reference"></w:LsdException> <w:LsdException Locked="false" Priority="33" QFormat="true" Name="Book Title"></w:LsdException> <w:LsdException Locked="false" Priority="37" SemiHidden="true" UnhideWhenUsed="true" Name="Bibliography"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="TOC Heading"></w:LsdException> <w:LsdException Locked="false" Priority="41" Name="Plain Table 1"></w:LsdException> <w:LsdException Locked="false" Priority="42" Name="Plain Table 2"></w:LsdException> <w:LsdException Locked="false" Priority="43" Name="Plain Table 3"></w:LsdException> <w:LsdException Locked="false" Priority="44" Name="Plain Table 4"></w:LsdException> <w:LsdException Locked="false" Priority="45" Name="Plain Table 5"></w:LsdException> <w:LsdException Locked="false" Priority="40" Name="Grid Table Light"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 6"></w:LsdException> </w:LatentStyles> </xml><![endif]--> <!-- [if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman",serif;} </style> <![endif]--></p> <div> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><b><font style="font-size: 10pt; color: black;">Reclassifications and Adjustments</font></b><font style="font-size: 10pt;"></font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">Certain reclassifications have been made to the prior years' consolidated financial statements to conform to the July 31, 2015 presentation.</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"></font><br/></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> <!-- [if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:AllowPNG></o:AllowPNG> </o:OfficeDocumentSettings> </xml><![endif]--> <!-- [if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves></w:TrackMoves> <w:TrackFormatting></w:TrackFormatting> <w:PunctuationKerning></w:PunctuationKerning> <w:ValidateAgainstSchemas></w:ValidateAgainstSchemas> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF></w:DoNotPromoteQF> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables></w:BreakWrappedTables> <w:SnapToGridInCell></w:SnapToGridInCell> <w:WrapTextWithPunct></w:WrapTextWithPunct> <w:UseAsianBreakRules></w:UseAsianBreakRules> <w:DontGrowAutofit></w:DontGrowAutofit> <w:SplitPgBreakAndParaMark></w:SplitPgBreakAndParaMark> <w:EnableOpenTypeKerning></w:EnableOpenTypeKerning> <w:DontFlipMirrorIndents></w:DontFlipMirrorIndents> <w:OverrideTableStyleHps></w:OverrideTableStyleHps> </w:Compatibility> <m:mathPr> <m:mathFont m:val="Cambria Math"></m:mathFont> <m:brkBin m:val="before"></m:brkBin> <m:brkBinSub m:val="&#45;-"></m:brkBinSub> <m:smallFrac m:val="off"></m:smallFrac> <m:dispDef></m:dispDef> <m:lMargin m:val="0"></m:lMargin> <m:rMargin m:val="0"></m:rMargin> <m:defJc m:val="centerGroup"></m:defJc> <m:wrapIndent m:val="1440"></m:wrapIndent> <m:intLim m:val="subSup"></m:intLim> <m:naryLim m:val="undOvr"></m:naryLim> </m:mathPr></w:WordDocument> </xml><![endif]--><!-- [if gte mso 9]><xml> <w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="false" DefSemiHidden="false" DefQFormat="false" DefPriority="99" LatentStyleCount="371"> <w:LsdException Locked="false" Priority="0" QFormat="true" Name="Normal"></w:LsdException> <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 1"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 2"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 3"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 4"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 5"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 6"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 7"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 8"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 9"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 6"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 7"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 8"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 9"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 1"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 2"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 3"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 4"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 5"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 6"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 7"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 8"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 9"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Normal Indent"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="footnote text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="annotation text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="header"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="footer"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index heading"></w:LsdException> <w:LsdException Locked="false" Priority="35" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="caption"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="table of figures"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="envelope address"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="envelope return"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="footnote reference"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="annotation reference"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="line number"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="page number"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="endnote reference"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="endnote text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="table of authorities"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="macro"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="toa heading"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 5"></w:LsdException> <w:LsdException Locked="false" Priority="10" QFormat="true" Name="Title"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Closing"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Signature"></w:LsdException> <w:LsdException Locked="false" Priority="1" SemiHidden="true" UnhideWhenUsed="true" Name="Default Paragraph Font"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text Indent"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Message Header"></w:LsdException> <w:LsdException Locked="false" Priority="11" QFormat="true" Name="Subtitle"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Salutation"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Date"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text First Indent"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text First Indent 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Note Heading"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text Indent 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text Indent 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Block Text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Hyperlink"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="FollowedHyperlink"></w:LsdException> <w:LsdException Locked="false" Priority="22" QFormat="true" Name="Strong"></w:LsdException> <w:LsdException Locked="false" Priority="20" QFormat="true" Name="Emphasis"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Document Map"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Plain Text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="E-mail Signature"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Top of Form"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Bottom of Form"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Normal (Web)"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Acronym"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Address"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Cite"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Code"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Definition"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Keyboard"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Preformatted"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Sample"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Typewriter"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Variable"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Normal Table"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="annotation subject"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="No List"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Outline List 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Outline List 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Outline List 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Simple 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Simple 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Simple 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Colorful 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Colorful 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Colorful 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 6"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 7"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 8"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 6"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 7"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 8"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table 3D effects 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table 3D effects 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table 3D effects 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Contemporary"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Elegant"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Professional"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Subtle 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Subtle 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Web 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Web 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Web 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Balloon Text"></w:LsdException> <w:LsdException Locked="false" Priority="39" Name="Table Grid"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Theme"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" Name="Placeholder Text"></w:LsdException> <w:LsdException Locked="false" Priority="1" QFormat="true" Name="No Spacing"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" Name="Revision"></w:LsdException> <w:LsdException Locked="false" Priority="34" QFormat="true" Name="List Paragraph"></w:LsdException> <w:LsdException Locked="false" Priority="29" QFormat="true" Name="Quote"></w:LsdException> <w:LsdException Locked="false" Priority="30" QFormat="true" Name="Intense Quote"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="19" QFormat="true" Name="Subtle Emphasis"></w:LsdException> <w:LsdException Locked="false" Priority="21" QFormat="true" Name="Intense Emphasis"></w:LsdException> <w:LsdException Locked="false" Priority="31" QFormat="true" Name="Subtle Reference"></w:LsdException> <w:LsdException Locked="false" Priority="32" QFormat="true" Name="Intense Reference"></w:LsdException> <w:LsdException Locked="false" Priority="33" QFormat="true" Name="Book Title"></w:LsdException> <w:LsdException Locked="false" Priority="37" SemiHidden="true" UnhideWhenUsed="true" Name="Bibliography"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="TOC Heading"></w:LsdException> <w:LsdException Locked="false" Priority="41" Name="Plain Table 1"></w:LsdException> <w:LsdException Locked="false" Priority="42" Name="Plain Table 2"></w:LsdException> <w:LsdException Locked="false" Priority="43" Name="Plain Table 3"></w:LsdException> <w:LsdException Locked="false" Priority="44" Name="Plain Table 4"></w:LsdException> <w:LsdException Locked="false" Priority="45" Name="Plain Table 5"></w:LsdException> <w:LsdException Locked="false" Priority="40" Name="Grid Table Light"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 6"></w:LsdException> </w:LatentStyles> </xml><![endif]--> <!-- [if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman",serif;} </style> <![endif]--></font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><i><font style="font-size: 10pt;">Immaterial Classification Error</font></i><font style="font-size: 10pt;"> - An immaterial error in the classification of an equity method investee's distributions was corrected in the July 31, 2014 consolidated financial statements which resulted in the reclassification of an equity method investee's distributions from investing to operating cash flows in the amount of $<font>184,000</font> in the consolidated statement of cash flows. The Company has evaluated the materiality of this error both qualitatively and quantitatively in accordance with Staff Accounting Bulletin No. 99, Materiality, and determined that this error was not material to our previously reported consolidated financial statements as of October 31, 2014 and prior.</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><i><font style="font-size: 10pt; font-family: 'Times New Roman', serif;">Other Reclassifications </font></i><font style="font-size: 10pt; font-family: 'Times New Roman', serif;">- Equity in earnings of investments&#160;were reclassified as a component of other income (expense) from a separate line item following the income tax provision on the statement of operations.</font>&#160;</font></p> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p> <div> <div style="display: block; ;display: block;"> <div style="display: block;"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong>Recent Accounting Pronouncements</strong></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><i><font style="font-size: 10pt;">Financial Accounting Standards Board &#150; Accounting Standards Update (&#147;FASB ASU&#148;) 2014-09, Revenue from Contracts with Customers (Topic 606).</font></i><font style="font-size: 10pt;"></font></p> <p style="margin: 0in 0in 0.0001pt; text-indent: 0.5in; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">In May 2014, the FASB issued ASU 2014-09, &#147;Revenue from Contracts with Customers (Topic 606).&#148; This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition &#150; Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g., assets within the scope of Topic 360, Property, Plant, and Equipment, and tangible assets within the scope of Topic 350, Intangibles &#150; Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU.</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; text-indent: 0.5in; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps:</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; text-indent: 0.5in; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 1;"><font style="font-size: 10pt;">&#160;</font></p> <div style="line-height: 1;" class="CursorPointer"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100%; border-collapse: collapse;"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; mso-yfti-lastrow: yes;"> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; font-family: Symbol;"> &#149; </font></p> </td> <td valign="top" style="padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Identify the contract(s) with a customer. </font></p> </td> </tr> </table> </div> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 1;"><br/></p> <div style="line-height: 1;" class="CursorPointer"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100%; border-collapse: collapse;"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; mso-yfti-lastrow: yes;"> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; font-family: Symbol;"> &#149; </font></p> </td> <td valign="top" style="padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Identify the performance obligations in the contract. </font></p> </td> </tr> </table> </div> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 1;"><font style="font-size: 10pt;">&#160;</font></p> <div style="line-height: 1;" class="CursorPointer"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100%; border-collapse: collapse;"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; mso-yfti-lastrow: yes;"> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; font-family: Symbol;"> &#149; </font></p> </td> <td valign="top" style="padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Determine the transaction price. </font></p> </td> </tr> </table> </div> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 1;"><font style="font-size: 10pt;">&#160;</font></p> <div style="line-height: 1;" class="CursorPointer"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100%; border-collapse: collapse;"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; mso-yfti-lastrow: yes;"> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; font-family: Symbol;"> &#149; </font></p> </td> <td valign="top" style="padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Allocate the transaction price to the performance obligations in the contract. </font></p> </td> </tr> </table> </div> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 1;"><font style="font-size: 10pt;">&#160;</font></p> <div style="line-height: 1;" class="CursorPointer"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100%; border-collapse: collapse;"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; mso-yfti-lastrow: yes;"> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; font-family: Symbol;"> &#149; </font></p> </td> <td valign="top" style="padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Recognize revenue when (or as) the entity satisfies a performance obligation. </font></p> </td> </tr> </table> </div> <p style="margin: 0in 0in 0.0001pt; text-indent: 0.5in; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 1;"><font style="font-size: 10pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early application is not permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements.</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"></font><br/></p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px;"><i>FASB Accounting Standards Update No. 2015-03, Interest&#151;Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs</i></p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify;"><i>&#160;</i></p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify;">The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU.</p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px;">&#160;</p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify;">The amendments are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.</p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify;"><br/></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><i><font style="font-size: 10.0pt;">FASB Accounting Standards Update No. 2015-11,&#160;Inventory (Topic 330): Simplifying the Measurement of Inventory</font></i><font style="font-size: 10.0pt;"></font></p> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">The amendments in this ASU do not apply to inventory that is measured using last-in, first-out (LIFO) or the retail inventory method. The amendments apply to all other inventory, which includes inventory that is measured using first-in, first-out (FIFO) or average cost.</font></p> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">An entity should measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method.</font></p> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">The amendments in this ASU more closely align the measurement of inventory in GAAP with the measurement of inventory in International Financial Reporting Standards.</font></p> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">For public business entities, the amendments are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017. The amendments should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.</font></p> </div> </div> </div> </div> </div> 1782000000 16842000 3319000 1323000 604000 720000 3 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="display: block; ;display: block;"> <div style="display: block;"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong>Recent Accounting Pronouncements</strong></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><i><font style="font-size: 10pt;">Financial Accounting Standards Board &#150; Accounting Standards Update (&#147;FASB ASU&#148;) 2014-09, Revenue from Contracts with Customers (Topic 606).</font></i><font style="font-size: 10pt;"></font></p> <p style="margin: 0in 0in 0.0001pt; text-indent: 0.5in; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">In May 2014, the FASB issued ASU 2014-09, &#147;Revenue from Contracts with Customers (Topic 606).&#148; This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition &#150; Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g., assets within the scope of Topic 360, Property, Plant, and Equipment, and tangible assets within the scope of Topic 350, Intangibles &#150; Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU.</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; text-indent: 0.5in; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps:</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; text-indent: 0.5in; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 1;"><font style="font-size: 10pt;">&#160;</font></p> <div style="line-height: 1;" class="CursorPointer"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100%; border-collapse: collapse;"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; mso-yfti-lastrow: yes;"> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; font-family: Symbol;"> &#149; </font></p> </td> <td valign="top" style="padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Identify the contract(s) with a customer. </font></p> </td> </tr> </table> </div> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 1;"><br/></p> <div style="line-height: 1;" class="CursorPointer"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100%; border-collapse: collapse;"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; mso-yfti-lastrow: yes;"> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; font-family: Symbol;"> &#149; </font></p> </td> <td valign="top" style="padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Identify the performance obligations in the contract. </font></p> </td> </tr> </table> </div> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 1;"><font style="font-size: 10pt;">&#160;</font></p> <div style="line-height: 1;" class="CursorPointer"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100%; border-collapse: collapse;"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; mso-yfti-lastrow: yes;"> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; font-family: Symbol;"> &#149; </font></p> </td> <td valign="top" style="padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Determine the transaction price. </font></p> </td> </tr> </table> </div> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 1;"><font style="font-size: 10pt;">&#160;</font></p> <div style="line-height: 1;" class="CursorPointer"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100%; border-collapse: collapse;"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; mso-yfti-lastrow: yes;"> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; font-family: Symbol;"> &#149; </font></p> </td> <td valign="top" style="padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Allocate the transaction price to the performance obligations in the contract. </font></p> </td> </tr> </table> </div> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 1;"><font style="font-size: 10pt;">&#160;</font></p> <div style="line-height: 1;" class="CursorPointer"> <table border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100%; border-collapse: collapse;"> <tr style="mso-yfti-irow: 0; mso-yfti-firstrow: yes; mso-yfti-lastrow: yes;"> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> &#160; </font></p> </td> <td width="24" valign="top" style="width: 0.25in; padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; font-family: Symbol;"> &#149; </font></p> </td> <td valign="top" style="padding: 0in 0.8pt 0in 0in;"> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> Recognize revenue when (or as) the entity satisfies a performance obligation. </font></p> </td> </tr> </table> </div> <p style="margin: 0in 0in 0.0001pt; text-indent: 0.5in; font-size: 12pt; font-family: 'Times New Roman', serif; line-height: 1;"><font style="font-size: 10pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early application is not permitted. The Company is evaluating the effect this ASU may have on its consolidated financial statements.</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"></font><br/></p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px;"><i>FASB Accounting Standards Update No. 2015-03, Interest&#151;Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs</i></p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify;"><i>&#160;</i></p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify;">The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU.</p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px;">&#160;</p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify;">The amendments are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.</p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify;"><br/></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><i><font style="font-size: 10.0pt;">FASB Accounting Standards Update No. 2015-11,&#160;Inventory (Topic 330): Simplifying the Measurement of Inventory</font></i><font style="font-size: 10.0pt;"></font></p> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">The amendments in this ASU do not apply to inventory that is measured using last-in, first-out (LIFO) or the retail inventory method. The amendments apply to all other inventory, which includes inventory that is measured using first-in, first-out (FIFO) or average cost.</font></p> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">An entity should measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method.</font></p> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">The amendments in this ASU more closely align the measurement of inventory in GAAP with the measurement of inventory in International Financial Reporting Standards.</font></p> <p style="margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">For public business entities, the amendments are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017. The amendments should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.</font></p> </div> </div> </div> 2 1434000 827000 4000 2983000 3370000 4686000 0 1536000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><b><font style="font-size: 10pt; color: black;">Reclassifications and Adjustments</font></b><font style="font-size: 10pt;"></font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">Certain reclassifications have been made to the prior years' consolidated financial statements to conform to the July 31, 2015 presentation.</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"></font><br/></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> <!-- [if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:AllowPNG></o:AllowPNG> </o:OfficeDocumentSettings> </xml><![endif]--> <!-- [if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves></w:TrackMoves> <w:TrackFormatting></w:TrackFormatting> <w:PunctuationKerning></w:PunctuationKerning> <w:ValidateAgainstSchemas></w:ValidateAgainstSchemas> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF></w:DoNotPromoteQF> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables></w:BreakWrappedTables> <w:SnapToGridInCell></w:SnapToGridInCell> <w:WrapTextWithPunct></w:WrapTextWithPunct> <w:UseAsianBreakRules></w:UseAsianBreakRules> <w:DontGrowAutofit></w:DontGrowAutofit> <w:SplitPgBreakAndParaMark></w:SplitPgBreakAndParaMark> <w:EnableOpenTypeKerning></w:EnableOpenTypeKerning> <w:DontFlipMirrorIndents></w:DontFlipMirrorIndents> <w:OverrideTableStyleHps></w:OverrideTableStyleHps> </w:Compatibility> <m:mathPr> <m:mathFont m:val="Cambria Math"></m:mathFont> <m:brkBin m:val="before"></m:brkBin> <m:brkBinSub m:val="&#45;-"></m:brkBinSub> <m:smallFrac m:val="off"></m:smallFrac> <m:dispDef></m:dispDef> <m:lMargin m:val="0"></m:lMargin> <m:rMargin m:val="0"></m:rMargin> <m:defJc m:val="centerGroup"></m:defJc> <m:wrapIndent m:val="1440"></m:wrapIndent> <m:intLim m:val="subSup"></m:intLim> <m:naryLim m:val="undOvr"></m:naryLim> </m:mathPr></w:WordDocument> </xml><![endif]--><!-- [if gte mso 9]><xml> <w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="false" DefSemiHidden="false" DefQFormat="false" DefPriority="99" LatentStyleCount="371"> <w:LsdException Locked="false" Priority="0" QFormat="true" Name="Normal"></w:LsdException> <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 1"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 2"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 3"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 4"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 5"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 6"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 7"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 8"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 9"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 6"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 7"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 8"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 9"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 1"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 2"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 3"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 4"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 5"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 6"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 7"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 8"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 9"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Normal Indent"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="footnote text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="annotation text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="header"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="footer"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index heading"></w:LsdException> <w:LsdException Locked="false" Priority="35" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="caption"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="table of figures"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="envelope address"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="envelope return"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="footnote reference"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="annotation reference"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="line number"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="page number"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="endnote reference"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="endnote text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="table of authorities"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="macro"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="toa heading"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 5"></w:LsdException> <w:LsdException Locked="false" Priority="10" QFormat="true" Name="Title"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Closing"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Signature"></w:LsdException> <w:LsdException Locked="false" Priority="1" SemiHidden="true" UnhideWhenUsed="true" Name="Default Paragraph Font"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text Indent"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Message Header"></w:LsdException> <w:LsdException Locked="false" Priority="11" QFormat="true" Name="Subtitle"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Salutation"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Date"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text First Indent"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text First Indent 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Note Heading"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text Indent 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text Indent 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Block Text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Hyperlink"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="FollowedHyperlink"></w:LsdException> <w:LsdException Locked="false" Priority="22" QFormat="true" Name="Strong"></w:LsdException> <w:LsdException Locked="false" Priority="20" QFormat="true" Name="Emphasis"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Document Map"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Plain Text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="E-mail Signature"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Top of Form"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Bottom of Form"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Normal (Web)"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Acronym"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Address"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Cite"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Code"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Definition"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Keyboard"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Preformatted"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Sample"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Typewriter"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Variable"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Normal Table"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="annotation subject"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="No List"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Outline List 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Outline List 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Outline List 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Simple 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Simple 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Simple 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Colorful 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Colorful 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Colorful 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 6"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 7"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 8"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 6"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 7"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 8"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table 3D effects 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table 3D effects 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table 3D effects 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Contemporary"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Elegant"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Professional"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Subtle 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Subtle 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Web 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Web 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Web 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Balloon Text"></w:LsdException> <w:LsdException Locked="false" Priority="39" Name="Table Grid"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Theme"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" Name="Placeholder Text"></w:LsdException> <w:LsdException Locked="false" Priority="1" QFormat="true" Name="No Spacing"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" Name="Revision"></w:LsdException> <w:LsdException Locked="false" Priority="34" QFormat="true" Name="List Paragraph"></w:LsdException> <w:LsdException Locked="false" Priority="29" QFormat="true" Name="Quote"></w:LsdException> <w:LsdException Locked="false" Priority="30" QFormat="true" Name="Intense Quote"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="19" QFormat="true" Name="Subtle Emphasis"></w:LsdException> <w:LsdException Locked="false" Priority="21" QFormat="true" Name="Intense Emphasis"></w:LsdException> <w:LsdException Locked="false" Priority="31" QFormat="true" Name="Subtle Reference"></w:LsdException> <w:LsdException Locked="false" Priority="32" QFormat="true" Name="Intense Reference"></w:LsdException> <w:LsdException Locked="false" Priority="33" QFormat="true" Name="Book Title"></w:LsdException> <w:LsdException Locked="false" Priority="37" SemiHidden="true" UnhideWhenUsed="true" Name="Bibliography"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="TOC Heading"></w:LsdException> <w:LsdException Locked="false" Priority="41" Name="Plain Table 1"></w:LsdException> <w:LsdException Locked="false" Priority="42" Name="Plain Table 2"></w:LsdException> <w:LsdException Locked="false" Priority="43" Name="Plain Table 3"></w:LsdException> <w:LsdException Locked="false" Priority="44" Name="Plain Table 4"></w:LsdException> <w:LsdException Locked="false" Priority="45" Name="Plain Table 5"></w:LsdException> <w:LsdException Locked="false" Priority="40" Name="Grid Table Light"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 6"></w:LsdException> </w:LatentStyles> </xml><![endif]--> <!-- [if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman",serif;} </style> <![endif]--></font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><i><font style="font-size: 10pt;">Immaterial Classification Error</font></i><font style="font-size: 10pt;"> - An immaterial error in the classification of an equity method investee's distributions was corrected in the July 31, 2014 consolidated financial statements which resulted in the reclassification of an equity method investee's distributions from investing to operating cash flows in the amount of $<font>184,000</font> in the consolidated statement of cash flows. The Company has evaluated the materiality of this error both qualitatively and quantitatively in accordance with Staff Accounting Bulletin No. 99, Materiality, and determined that this error was not material to our previously reported consolidated financial statements as of October 31, 2014 and prior.</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><i><font style="font-size: 10pt; font-family: 'Times New Roman', serif;">Other Reclassifications </font></i><font style="font-size: 10pt; font-family: 'Times New Roman', serif;">- Equity in earnings of investments&#160;were reclassified as a component of other income (expense) from a separate line item following the income tax provision on the statement of operations.</font>&#160;</font></p> </div> 184000 27255000000 27255000000 1662000000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div class="CursorPointer"> <table class="MsoNormalTable" style="border-collapse: collapse; width: 100%;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="padding: 0px; width: 20px;"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><strong><font style="font-size: 13.3333330154419px;">July 31, 2015</font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; width: 20px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; width: 20px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; width: 20px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; width: 20px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> </tr> <tr> <td style="padding: 0px;"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><br/></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong> </strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';"> Level 1 </font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';"> Level 2 </font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';"> Level 3 &#160; </font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';"> Total </font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> </tr> <tr> <td style="background: #cceeff; padding: 0px;"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Assets at fair value: </font></p> </td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';"></td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';" colspan="2"></td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';" colspan="2">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';" colspan="2">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';" colspan="2">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> </tr> <tr> <td style="background: white; padding: 0px;" width="100%"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Available-for-sale securities </font></p> </td> <td style="background: white; padding: 0px; font-family: 'Times New Roman';"></td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt; vertical-align: bottom; white-space: nowrap;"><font>27,255,000</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt;"><font>&#150;</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$ &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160;</td> <td style="background: white; padding: 0px;"> <p class="MsoNormal" style="text-align: right; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="right"><font style="font-size: 10.0pt;"> <font>&#150;</font></font></p> </td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt; vertical-align: bottom; white-space: nowrap;"><font>27,255,000</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> </tr> <tr> <td style="background: #cceeff; padding: 0px;" width="100%"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Liabilities at fair value: </font></p> </td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';"></td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> </tr> <tr> <td style="background: white; padding: 0px;" width="100%"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Derivative </font></p> </td> <td style="background: white; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt;"><font>&#150;</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt; vertical-align: bottom; white-space: nowrap;"><font>1,662,000</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px;"> <p class="MsoNormal" style="text-align: right; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="right"><font style="font-size: 10.0pt;"> <font>&#150;</font> </font></p> </td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt; vertical-align: bottom; white-space: nowrap;"><font>1,662,000</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> </tr> </table> </div> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; text-indent: .5in; font-family: 'times new roman';"><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></p> <div class="CursorPointer"> <table class="MsoNormalTable" style="border-collapse: collapse; width: 100%;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="padding: 0px;"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';">October 31, 2014 </font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="padding: 0px; width: 20px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; width: 20px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; width: 20px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; width: 20px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> </tr> <tr> <td style="padding: 0px;"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><br/></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong> </strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';"> Level 1 </font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';"> Level 2 </font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';"> Level 3 </font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';"> Total </font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> </tr> <tr> <td style="background: #cceeff; padding: 0px;"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Assets at fair value: </font></p> </td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';"></td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';" colspan="2"></td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';" colspan="2">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';" colspan="2">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';" colspan="2">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> </tr> <tr> <td style="background: white; padding: 0px;" width="100%"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Available-for-sale securities </font></p> </td> <td style="background: white; padding: 0px; font-family: 'Times New Roman';"></td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt; vertical-align: bottom; white-space: nowrap;"><font>24,270,000</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt;"><font>&#150;</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$ &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160;</td> <td style="background: white; padding: 0px;"> <p class="MsoNormal" style="text-align: right; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="right"><font style="font-size: 10.0pt;"> <font>&#150;</font> </font></p> </td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt; vertical-align: bottom; white-space: nowrap;"><font>24,270,000</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> </tr> <tr> <td style="background: #cceeff; padding: 0px;" width="100%"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Liabilities at fair value: </font></p> </td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';"></td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> </tr> <tr> <td style="background: white; padding: 0px;" width="100%"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Derivative </font></p> </td> <td style="background: white; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt;"><font>&#150;</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt; vertical-align: bottom; white-space: nowrap;"><font>1,782,000</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px;"> <p class="MsoNormal" style="text-align: right; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="right"><font style="font-size: 10.0pt;"> <font>&#150;</font> </font></p> </td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt; vertical-align: bottom; white-space: nowrap;"><font>1,782,000</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> </tr> </table> </div> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; text-indent: .5in; font-family: 'times new roman';"><br/></p> </div> 500000 0.029 54.51 48.54 550 3516000 197000 128000 527000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify;"><b><font style="font-size: 10.0pt; font-family: 'Times New Roman';">3. Fair Value Measurements</font></b><br/></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; text-indent: .5in; font-family: 'times new roman';"><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10.0pt; font-family: 'Times New Roman';">Under the FASB ASC 820, <i>Fair Value Measurement and Disclosures</i>, a fair value measurement is determined based on the assumptions that a market participant would use in pricing an asset or liability. A three-tiered hierarchy draws distinctions between market participant assumptions based on (i) observable inputs such as quoted prices in active markets (Level 1), (ii) inputs other than quoted prices in active markets that are observable either directly or indirectly (Level 2) and (iii) unobservable inputs that require the Company to use present value and other valuation techniques in the determination of fair value (Level 3).</font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><b><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></b><font style="font-size: 10.0pt; font-family: 'Times New Roman';"></font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10.0pt; font-family: 'Times New Roman';">The following table sets forth the Company's financial assets and liabilities as of July 31, 2015 and October 31, 2014, which are measured on a recurring basis during the period, segregated by level within the fair value hierarchy:</font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></p> <div class="CursorPointer"><br/></div> <div> <div class="CursorPointer"> <table class="MsoNormalTable" style="border-collapse: collapse; width: 100%;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="padding: 0px; width: 20px;"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><strong><font style="font-size: 13.3333330154419px;">July 31, 2015</font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; width: 20px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; width: 20px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; width: 20px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; width: 20px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> </tr> <tr> <td style="padding: 0px;"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><br/></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong> </strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';"> Level 1 </font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';"> Level 2 </font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';"> Level 3 &#160; </font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';"> Total </font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> </tr> <tr> <td style="background: #cceeff; padding: 0px;"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Assets at fair value: </font></p> </td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';"></td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';" colspan="2"></td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';" colspan="2">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';" colspan="2">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';" colspan="2">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> </tr> <tr> <td style="background: white; padding: 0px;" width="100%"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Available-for-sale securities </font></p> </td> <td style="background: white; padding: 0px; font-family: 'Times New Roman';"></td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt; vertical-align: bottom; white-space: nowrap;"><font>27,255,000</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt;"><font>&#150;</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$ &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160;</td> <td style="background: white; padding: 0px;"> <p class="MsoNormal" style="text-align: right; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="right"><font style="font-size: 10.0pt;"> <font>&#150;</font></font></p> </td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt; vertical-align: bottom; white-space: nowrap;"><font>27,255,000</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> </tr> <tr> <td style="background: #cceeff; padding: 0px;" width="100%"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Liabilities at fair value: </font></p> </td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';"></td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> </tr> <tr> <td style="background: white; padding: 0px;" width="100%"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Derivative </font></p> </td> <td style="background: white; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt;"><font>&#150;</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt; vertical-align: bottom; white-space: nowrap;"><font>1,662,000</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px;"> <p class="MsoNormal" style="text-align: right; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="right"><font style="font-size: 10.0pt;"> <font>&#150;</font> </font></p> </td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt; vertical-align: bottom; white-space: nowrap;"><font>1,662,000</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> </tr> </table> </div> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; text-indent: .5in; font-family: 'times new roman';"><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></p> <div class="CursorPointer"> <table class="MsoNormalTable" style="border-collapse: collapse; width: 100%;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="padding: 0px;"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';">October 31, 2014 </font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="padding: 0px; width: 20px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; width: 20px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; width: 20px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px;"><strong>&#160;</strong></td> <td style="padding: 0px; width: 20px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> </tr> <tr> <td style="padding: 0px;"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><br/></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong> </strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';"> Level 1 </font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';"> Level 2 </font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';"> Level 3 </font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><strong><font style="font-size: 10.0pt; font-family: 'Times New Roman';"> Total </font></strong></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> </tr> <tr> <td style="background: #cceeff; padding: 0px;"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Assets at fair value: </font></p> </td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';"></td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';" colspan="2"></td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';" colspan="2">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';" colspan="2">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';" colspan="2">&#160;</td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';">&#160;</td> </tr> <tr> <td style="background: white; padding: 0px;" width="100%"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Available-for-sale securities </font></p> </td> <td style="background: white; padding: 0px; font-family: 'Times New Roman';"></td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt; vertical-align: bottom; white-space: nowrap;"><font>24,270,000</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt;"><font>&#150;</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$ &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160;</td> <td style="background: white; padding: 0px;"> <p class="MsoNormal" style="text-align: right; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="right"><font style="font-size: 10.0pt;"> <font>&#150;</font> </font></p> </td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt; vertical-align: bottom; white-space: nowrap;"><font>24,270,000</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> </tr> <tr> <td style="background: #cceeff; padding: 0px;" width="100%"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Liabilities at fair value: </font></p> </td> <td style="background: #cceeff; padding: 0px; font-family: 'Times New Roman';"></td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: #cceeff; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> </tr> <tr> <td style="background: white; padding: 0px;" width="100%"> <p class="MsoNormal" style="text-align: justify; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Derivative </font></p> </td> <td style="background: white; padding: 0px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt;"><font>&#150;</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt; vertical-align: bottom; white-space: nowrap;"><font>1,782,000</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px;"> <p class="MsoNormal" style="text-align: right; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="right"><font style="font-size: 10.0pt;"> <font>&#150;</font> </font></p> </td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="background: white; padding: 0px; font-size: 10.0pt; text-align: left; vertical-align: bottom; padding-right: 10px; white-space: nowrap; font-family: 'Times New Roman';">$</td> <td style="background: white; padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10.0pt; vertical-align: bottom; white-space: nowrap;"><font>1,782,000</font></td> <td style="background: white; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> </tr> </table> </div> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; text-indent: .5in; font-family: 'times new roman';"><br/></p> </div> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; text-indent: .5in; font-family: 'times new roman';"><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10.0pt; font-family: 'Times New Roman';">Available-for-sale securities consist of marketable securities in Calavo common stock. The Company currently owns <font>500,000</font> shares, representing approximately <font>2.9</font>% of Calavo's outstanding common stock. These securities are measured at fair value by quoted market prices. Calavo's stock price at July 31, 2015 and October 31, 2014 was $<font>54.51</font>&#160;and $<font>48.54</font>&#160;per share, respectively.</font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; text-indent: .5in; font-family: 'times new roman';"><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10.0pt; font-family: 'Times New Roman';">The derivative consists of an interest rate swap, the fair value of which is estimated using industry-standard valuation models. Such models project future cash flows and discount the future amounts to a present value using market-based observable inputs.</font></p> </div> 58532000 55016000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div class="CursorPointer"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"> <tr> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"> <p style="margin: 0px;"><strong>July 31,</strong></p> <p style="margin: 0px;"><strong>2015</strong></p> </td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td> <td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"> <p style="margin: 0px;"><strong>October 31,</strong></p> <p style="margin: 0px;"><strong>2014</strong></p> </td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td align="left" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 80%; text-align: left; background-color: #cceeff;">East Areas 1 and 2</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td align="right" valign="bottom" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; width: 10%; text-align: right; vertical-align: bottom; background-color: #cceeff;"><font> 58,532,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td align="right" valign="bottom" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; width: 10%; text-align: right; vertical-align: bottom; background-color: #cceeff;"><font>55,016,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Templeton Santa Barbara, LLC</td> <td style="font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 11,039,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>11,039,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; background-color: #cceeff;">Windfall Investors, LLC</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 25,352,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>22,033,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 94,923,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>88,088,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> </table> </div> </div> 11039000 11039000 25352000 22033000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><strong>6. Real Estate Development Assets</strong></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Real estate development assets consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <div> <div class="CursorPointer"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"> <tr> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"> <p style="margin: 0px;"><strong>July 31,</strong></p> <p style="margin: 0px;"><strong>2015</strong></p> </td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td> <td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"> <p style="margin: 0px;"><strong>October 31,</strong></p> <p style="margin: 0px;"><strong>2014</strong></p> </td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td align="left" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 80%; text-align: left; background-color: #cceeff;">East Areas 1 and 2</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td align="right" valign="bottom" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; width: 10%; text-align: right; vertical-align: bottom; background-color: #cceeff;"><font> 58,532,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td align="right" valign="bottom" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; width: 10%; text-align: right; vertical-align: bottom; background-color: #cceeff;"><font>55,016,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Templeton Santa Barbara, LLC</td> <td style="font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 11,039,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>11,039,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; background-color: #cceeff;">Windfall Investors, LLC</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 25,352,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>22,033,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 94,923,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>88,088,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> </table> </div> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><strong>East Areas 1 and 2</strong></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">In fiscal year 2005, the Company began capitalizing the costs of <font>two</font> real estate development projects east of Santa Paula, California, for the development of <font>550</font> acres of land into residential units, commercial buildings and civic facilities. During the three months ended July 31, 2015 and 2014, the Company capitalized $<font>1,434,000</font> and $<font>827,000</font>, respectively, of costs related to these projects. During the nine months ended July 31, 2015 and 2014, the Company capitalized $<font>3,516,000</font> and $<font>2,333,000</font>, respectively, of costs related to these projects. Additionally, in relation to these projects, the Company incurred expenses of $<font>4,000</font> in each of the three months ended July 31, 2015 and 2014&#160;and $<font>12,000</font>&#160;and $<font>13,000</font> <font style="font-size: 10pt; font-family: 'Times New Roman', serif;">in the nine months ended July 31, 2015 and 2014, respectively.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">On August 24, 2010, the Company entered into an amendment (the &#147;Amendment&#148;) to a Real Estate Advisory Management Consultant Agreement (the &#147;Consultant Agreement&#148;) with Parkstone Companies, Inc. (the &#147;Consultant&#148;) dated April 1, 2004, that includes provisions for the Consultant to earn a success fee (the &#147;Success Fee&#148;) upon the annexation by the City of Santa Paula, California of East Area I. Under the terms of the Amendment, the Company agrees to pay the Success Fee in an amount equal to 4% of the incremental Property Value under a formula defined in the Amendment. The Success Fee is due and payable 120 days following the earlier to occur of (a) the sale of all or any portion of East Area I, including any unrelated third party material investment in the property, (b) the determination of an appraised value of the East Area I or (c) the second anniversary of the property annexation (each a &#147;Success Fee Event&#148;).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The Success Fee, if any, shall be paid in cash, shares of the Company's common stock, or any combination of the forgoing at the sole discretion of the Company.&#160;&#160;The Success Fee is based on the calculated value of the property, which can vary over time until the settlement date. Accordingly, the Success Fee will be &#147;marked to market&#148; periodically to recognize the potential variability in the property value. Changes in the value, if any, will be recorded to capitalized development costs and additional paid in capital (&#147;APIC&#148;). To the extent that it becomes probable that cash will be used in the settlement rather than stock, such amount of cash will be classified as a liability rather than APIC.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">If the Success Fee is paid in shares of common stock, deemed to be an equity award, the amount of common stock paid will be determined using a price per share equal to the average of closing prices of the common stock on the NASDAQ Global Market for the 20 trading days ending on the last trading day prior to the earliest occurring Success Fee Event; provided, however, that the price per share shall be no less than $16.00 per share. Previously recognized capitalized development costs will be adjusted to reflect the calculated value of the property upon settlement. The related APIC amount will be adjusted to common stock to reflect the issuance of common stock. To the extent that it becomes probable that cash will be used in the settlement rather than stock, such amount of cash will be classified as a liability rather than APIC/common stock. As of July 31, 2015, the estimated amount of the Success Fee was zero.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">In connection with facilitating the annexation of East Area 1 into the City of Santa Paula, during February 2013, the Company entered into a Capital Improvement Cost Sharing Agreement for Improvements to Santa Paula Creek Channel (the &#147;Cost Sharing Agreement&#148;) with the Ventura County Watershed Protection District (the &#147;District&#148;). The Cost Sharing Agreement requires the Company to reimburse the District <font>28.5</font>% of the costs of the improvements, up to a maximum of $<font>5,000,000</font>. Additionally, the Company is required to pay the cost of preparing a study to determine a feasible scope of work and budget for the improvements. No costs have been incurred to date in relation to this agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><strong>Templeton Santa Barbara, LLC</strong></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The <font>three</font> real estate development parcels within the Templeton Santa Barbara, LLC project are described as Centennial Square (&#147;Centennial&#148;), The Terraces at Pacific Crest (&#147;Pacific Crest&#148;), and Sevilla. The net carrying values of Centennial, Pacific Crest and Sevilla at July 31, 2015 and October 31, 2014 were $<font>2,983,000</font>, $<font>3,370,000</font> and $<font>4,686,000</font>, respectively. These projects were idle during the nine months ended July 31, 2015 and, as such, no costs were capitalized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">During the three months ended July 31, 2015 and 2014, the Company capitalized <font>zero</font> and $<font>24,000</font>, respectively, of costs related to these real estate parcels.&#160;</font>During the nine months ended July 31, 2015 and 2014, the Company capitalized <font>zero</font>&#160;and $<font>197,000</font>, respectively, of costs related to these real estate parcels. Additionally, in relation to these parcels, the Company incurred net expenses of $<font>42,000</font> and $<font>465,000</font> in the three months ended July 31, 2015 and 2014, respectively, and $<font>128,000</font>&#160;and $<font>527,000</font> in the nine months ended July 31, 2015 and 2014, respectively.&#160; <font style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-theme-font: minor-fareast; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">The net expenses incurred in fiscal year 2014 include a July 31, 2014 impairment charge of $<font>435,000</font> recognized on the Centennial property.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><strong>Windfall Investors, LLC</strong></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">On November 15, 2009, the Company acquired Windfall Investors, LLC, which included $<font>16,842,000</font>&#160;of real estate development assets. During the three months ended July 31, 2015 and 2014, the Company capitalized $<font>2,597,000</font> and $<font>673,000</font>, respectively, of costs primarily related to vineyards and water wells for this real estate development project. During the nine months ended July 31, 2015 and 2014, the Company capitalized $<font>3,319,000</font> and $<font>1,323,000</font>, respectively, of costs primarily related to vineyards and water wells for this real estate development project. Additionally, in relation to this project, the Company incurred net expenses of $<font>245,000</font> and $<font>265,000</font>, in the three months ended July 31, 2015 and 2014, respectively, and $<font>604,000</font>&#160;and $<font>720,000</font>&#160;in the nine months ended July 31, 2015 and 2014, respectively.</font></p> </div> 2333000 12000 13000 0.285 5000000 2983000 3370000 4686000 0 24000 42000 465000 2597000 673000 245000 265000 4000 1000000 0.069 10000000 1728570 0.151 23450000 13450000 335000 6079000 2729000 165000 4788000 3138000 2985000 1813000 2400000 1445000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><strong>7. Investment in Calavo Growers, Inc.</strong></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">In June 2005, the Company entered into a stock purchase agreement with Calavo. Pursuant to this agreement, the Company purchased <font>1,000,000</font> shares, or approximately <font>6.9</font>%, of Calavo's common stock for $<font>10,000,000</font> and Calavo purchased <font>1,728,570</font> shares, or approximately <font>15.1</font>%, of the Company's common stock for $<font>23,450,000</font>. Under the terms of the agreement, the Company received net cash consideration of $<font>13,450,000</font>. The Company has classified its marketable securities investment as available-for-sale.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">In fiscal year 2009, the Company sold <font>335,000</font> shares of Calavo stock for a total of $<font>6,079,000</font>, recognizing a gain of $<font>2,729,000</font>.&#160;<font style="color: #FD0206;"><font style="color: #000000;">In fiscal year 2013, the Company sold</font> <font style="color: #000000;">&#160;<font>165,000</font> shares to Calavo pursuant to the 2005 Stock Purchase Agreement for a total of&#160;</font></font><font style="color: #000000;">$<font>4,788,000</font>, recognizing a gain of $<font>3,138,000</font>. <!-- [if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:AllowPNG></o:AllowPNG> </o:OfficeDocumentSettings> </xml><![endif]--> <!-- [if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves></w:TrackMoves> <w:TrackFormatting></w:TrackFormatting> <w:PunctuationKerning></w:PunctuationKerning> <w:ValidateAgainstSchemas></w:ValidateAgainstSchemas> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF></w:DoNotPromoteQF> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables></w:BreakWrappedTables> <w:SnapToGridInCell></w:SnapToGridInCell> <w:WrapTextWithPunct></w:WrapTextWithPunct> <w:UseAsianBreakRules></w:UseAsianBreakRules> <w:DontGrowAutofit></w:DontGrowAutofit> <w:SplitPgBreakAndParaMark></w:SplitPgBreakAndParaMark> <w:EnableOpenTypeKerning></w:EnableOpenTypeKerning> <w:DontFlipMirrorIndents></w:DontFlipMirrorIndents> <w:OverrideTableStyleHps></w:OverrideTableStyleHps> </w:Compatibility> <w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel> <m:mathPr> <m:mathFont m:val="Cambria Math"></m:mathFont> <m:brkBin m:val="before"></m:brkBin> <m:brkBinSub m:val="&#45;-"></m:brkBinSub> <m:smallFrac m:val="off"></m:smallFrac> <m:dispDef></m:dispDef> <m:lMargin m:val="0"></m:lMargin> <m:rMargin m:val="0"></m:rMargin> <m:defJc m:val="centerGroup"></m:defJc> <m:wrapIndent m:val="1440"></m:wrapIndent> <m:intLim m:val="subSup"></m:intLim> <m:naryLim m:val="undOvr"></m:naryLim> </m:mathPr></w:WordDocument> </xml><![endif]--><!-- [if gte mso 9]><xml> <w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="false" DefSemiHidden="false" DefQFormat="false" DefPriority="99" LatentStyleCount="371"> <w:LsdException Locked="false" Priority="0" QFormat="true" Name="Normal"></w:LsdException> <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 1"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 2"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 3"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 4"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 5"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 6"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 7"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 8"></w:LsdException> <w:LsdException Locked="false" Priority="9" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="heading 9"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 6"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 7"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 8"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index 9"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 1"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 2"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 3"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 4"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 5"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 6"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 7"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 8"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" Name="toc 9"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Normal Indent"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="footnote text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="annotation text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="header"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="footer"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="index heading"></w:LsdException> <w:LsdException Locked="false" Priority="35" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="caption"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="table of figures"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="envelope address"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="envelope return"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="footnote reference"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="annotation reference"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="line number"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="page number"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="endnote reference"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="endnote text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="table of authorities"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="macro"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="toa heading"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Bullet 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Number 5"></w:LsdException> <w:LsdException Locked="false" Priority="10" QFormat="true" Name="Title"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Closing"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Signature"></w:LsdException> <w:LsdException Locked="false" Priority="1" SemiHidden="true" UnhideWhenUsed="true" Name="Default Paragraph Font"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text Indent"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="List Continue 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Message Header"></w:LsdException> <w:LsdException Locked="false" Priority="11" QFormat="true" Name="Subtitle"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Salutation"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Date"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text First Indent"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text First Indent 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Note Heading"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text Indent 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Body Text Indent 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Block Text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Hyperlink"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="FollowedHyperlink"></w:LsdException> <w:LsdException Locked="false" Priority="22" QFormat="true" Name="Strong"></w:LsdException> <w:LsdException Locked="false" Priority="20" QFormat="true" Name="Emphasis"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Document Map"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Plain Text"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="E-mail Signature"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Top of Form"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Bottom of Form"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Normal (Web)"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Acronym"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Address"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Cite"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Code"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Definition"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Keyboard"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Preformatted"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Sample"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Typewriter"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="HTML Variable"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Normal Table"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="annotation subject"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="No List"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Outline List 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Outline List 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Outline List 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Simple 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Simple 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Simple 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Classic 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Colorful 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Colorful 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Colorful 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Columns 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 6"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 7"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Grid 8"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 4"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 5"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 6"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 7"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table List 8"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table 3D effects 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table 3D effects 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table 3D effects 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Contemporary"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Elegant"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Professional"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Subtle 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Subtle 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Web 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Web 2"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Web 3"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Balloon Text"></w:LsdException> <w:LsdException Locked="false" Priority="39" Name="Table Grid"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" UnhideWhenUsed="true" Name="Table Theme"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" Name="Placeholder Text"></w:LsdException> <w:LsdException Locked="false" Priority="1" QFormat="true" Name="No Spacing"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 1"></w:LsdException> <w:LsdException Locked="false" SemiHidden="true" Name="Revision"></w:LsdException> <w:LsdException Locked="false" Priority="34" QFormat="true" Name="List Paragraph"></w:LsdException> <w:LsdException Locked="false" Priority="29" QFormat="true" Name="Quote"></w:LsdException> <w:LsdException Locked="false" Priority="30" QFormat="true" Name="Intense Quote"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="60" Name="Light Shading Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="61" Name="Light List Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="62" Name="Light Grid Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="63" Name="Medium Shading 1 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="64" Name="Medium Shading 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="65" Name="Medium List 1 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="66" Name="Medium List 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="67" Name="Medium Grid 1 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="68" Name="Medium Grid 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="69" Name="Medium Grid 3 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="70" Name="Dark List Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="71" Name="Colorful Shading Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="72" Name="Colorful List Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="73" Name="Colorful Grid Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="19" QFormat="true" Name="Subtle Emphasis"></w:LsdException> <w:LsdException Locked="false" Priority="21" QFormat="true" Name="Intense Emphasis"></w:LsdException> <w:LsdException Locked="false" Priority="31" QFormat="true" Name="Subtle Reference"></w:LsdException> <w:LsdException Locked="false" Priority="32" QFormat="true" Name="Intense Reference"></w:LsdException> <w:LsdException Locked="false" Priority="33" QFormat="true" Name="Book Title"></w:LsdException> <w:LsdException Locked="false" Priority="37" SemiHidden="true" UnhideWhenUsed="true" Name="Bibliography"></w:LsdException> <w:LsdException Locked="false" Priority="39" SemiHidden="true" UnhideWhenUsed="true" QFormat="true" Name="TOC Heading"></w:LsdException> <w:LsdException Locked="false" Priority="41" Name="Plain Table 1"></w:LsdException> <w:LsdException Locked="false" Priority="42" Name="Plain Table 2"></w:LsdException> <w:LsdException Locked="false" Priority="43" Name="Plain Table 3"></w:LsdException> <w:LsdException Locked="false" Priority="44" Name="Plain Table 4"></w:LsdException> <w:LsdException Locked="false" Priority="45" Name="Plain Table 5"></w:LsdException> <w:LsdException Locked="false" Priority="40" Name="Grid Table Light"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="Grid Table 1 Light Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="Grid Table 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="Grid Table 3 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="Grid Table 4 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="Grid Table 5 Dark Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="Grid Table 6 Colorful Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="Grid Table 7 Colorful Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 1"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 2"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 3"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 4"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 5"></w:LsdException> <w:LsdException Locked="false" Priority="46" Name="List Table 1 Light Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="47" Name="List Table 2 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="48" Name="List Table 3 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="49" Name="List Table 4 Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="50" Name="List Table 5 Dark Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="51" Name="List Table 6 Colorful Accent 6"></w:LsdException> <w:LsdException Locked="false" Priority="52" Name="List Table 7 Colorful Accent 6"></w:LsdException> </w:LatentStyles> </xml><![endif]--> <!-- [if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman",serif;} </style> <![endif]--> <font style="font-size: 10pt; font-family: 'Times New Roman', serif;">The Company continues to own <font>500,000</font> shares of Calavo common stock.</font></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Changes in the fair value of the available-for-sale securities result in unrealized holding gains or losses for the remaining shares held by the Company.&#160;The Company recorded unrealized holding gains of $<font>1,930,000</font> ($<font>1,172,000</font>&#160;net of tax) and $<font>1,700,000</font>&#160;($<font>1,023,000</font>&#160;net of tax), during the three months ended July 31, 2015 and 2014, respectively.&#160;The Company recorded unrealized holding gains of <font>$2,985,000</font>&#160;($<font>1,813,000</font>&#160;net of tax) and $<font>2,400,000</font> ($<font>1,445,000</font> net of tax), during the nine months ended July 31, 2015 and 2014, respectively.</p> </div> 1930000 1172000 1700000 1023000 1282000 344000 355000 456000 530000 680000 680000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><strong>9. Other Assets</strong></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Other assets consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <div class="CursorPointer"> <div> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"> <tr> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"> <p style="margin: 0px;"><strong>July 31,</strong></p> <p style="margin: 0px;"><strong>2015</strong></p> </td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td> <td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"> <p style="margin: 0px;"><strong>October 31,</strong></p> <p style="margin: 0px;"><strong>2014</strong></p> </td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td>&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td align="left" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 80%; text-align: left; background-color: #cceeff;">Investments in mutual water companies</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td align="right" valign="bottom" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; width: 10%; text-align: right; vertical-align: bottom; background-color: #cceeff;"><font> 4,024,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td align="right" valign="bottom" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; width: 10%; text-align: right; vertical-align: bottom; background-color: #cceeff;"><font> 3,731,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Acquired water and mineral rights</td> <td style="font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,536,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,536,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; background-color: #cceeff;">Deferred lease assets and other</td> <td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 1,085,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 1,282,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Revolving funds and memberships</td> <td style="font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 344,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 355,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; background-color: #cceeff;">Acquired trade names and trademarks, net</td> <td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 456,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 530,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Goodwill</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 680,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 680,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 8,125,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 8,114,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> </tr> </table> </div> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p> </div> 4024000 3731000 1536000 1085000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"> <tr> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"> <p style="margin: 0px;"><strong>July 31,</strong></p> <p style="margin: 0px;"><strong>2015</strong></p> </td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td> <td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"> <p style="margin: 0px;"><strong>October 31,</strong></p> <p style="margin: 0px;"><strong>2014</strong></p> </td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td>&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td align="left" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; width: 80%; text-align: left; background-color: #cceeff;">Investments in mutual water companies</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td align="right" valign="bottom" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; width: 10%; text-align: right; vertical-align: bottom; background-color: #cceeff;"><font> 4,024,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td align="right" valign="bottom" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; width: 10%; text-align: right; vertical-align: bottom; background-color: #cceeff;"><font> 3,731,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Acquired water and mineral rights</td> <td style="font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,536,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,536,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; background-color: #cceeff;">Deferred lease assets and other</td> <td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 1,085,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 1,282,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Revolving funds and memberships</td> <td style="font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 344,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 355,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; background-color: #cceeff;">Acquired trade names and trademarks, net</td> <td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 456,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 530,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">Goodwill</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 680,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="border-bottom: #000000 1pt solid; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 680,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 8,125,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="border-bottom: #000000 2.80pt double; text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td style="border-bottom: #000000 2.80pt double; text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 8,114,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> </tr> </table> </div> 0.0019 0.0180 0.0275 4367000 4756000 0.0275 492000 492000 0.0275 1277000 1475000 0 8000 84800000 68354000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><strong>11. Long-Term Debt</strong></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Long-term debt is comprised of the <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">following:</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <div class="CursorPointer"> <div> <div style="display: block;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;"> <tr> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; text-align: center;"> <p style="margin: 0px;"><strong>July 31,</strong></p> <p style="margin: 0px;"><strong>2015</strong></p> </td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: center;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; white-space: nowrap; text-align: center;">&#160;</td> <td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; text-align: center;"> <p style="margin: 0px;"><strong>October 31,</strong></p> <p style="margin: 0px;"><strong>2014</strong></p> </td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td width="80%" style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 84%; background-color: #cceeff;"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.2pt;"><font style="font-size: 10pt;"> <font style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">R</font></font><font style="font-size: 10pt;">abobank revolving credit facility: the interest rate is variable based on the one-month London Interbank Offered Rate (LIBOR), which was <font>0.19</font>% at </font><font style="font-size: 10pt;">July 31, 2015</font><font style="font-size: 10pt;">, plus <font>1.80</font>%. Interest is payable monthly and the&#160;</font><font style="font-size: 10pt;">principal is due in full in </font><font style="font-size: 10pt;">June 2018</font><font style="font-size: 10pt;">.</font></p> </td> <td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td width="10%" align="right" valign="bottom" style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 10pt; width: 8%; vertical-align: bottom; text-align: right; white-space: nowrap; background-color: #cceeff;"><font> 78,664,000 </font></td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td width="10%" align="right" valign="bottom" style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 10pt; width: 8%; vertical-align: bottom; text-align: right; white-space: nowrap; background-color: #cceeff;"><font> 61,623,000 </font></td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px;"> <p style="margin: 0px;"><font style="font-size: 10pt;"> <font style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">F</font></font><font style="font-size: 10pt;">arm Credit West term loan: the interest rate is variable and was <font>2.75</font>% at </font><font style="font-size: 10pt;">July 31, 2015</font><font style="font-size: 10pt;">. The loan is payable in quarterly installments through </font><font style="font-size: 10pt;">November 2022</font><font style="font-size: 10pt;">.</font></p> </td> <td style="font-family: 'Times New Roman';">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td align="right" style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font> 4,367,000 </font></td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td align="right" style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font> 4,756,000 </font></td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"> <p style="margin: 0px;"><font style="font-size: 10pt;">Farm Credit West non-revolving line of credit: the interest rate is variable and was <font>2.75</font>% at </font><font style="font-size: 10pt;">July 31, 2015</font><font style="font-size: 10pt;">. Interest is payable monthly and the principal is due in full in </font><font style="font-size: 10pt;">May 2018</font><font style="font-size: 10pt;">.</font></p> </td> <td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="right" style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 492,000 </font></td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="right" style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 492,000 </font></td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px;"> <p style="margin: 0px;"><font style="font-size: 10pt;"> <font style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">F</font></font><font style="font-size: 10pt;">arm Credit West term loan: <font style="font-family: 'Times New Roman', serif;">the interest rate is variable and was</font>&#160;<font>2.75</font>% at </font><font style="font-size: 10pt;">July 31, 2015</font><font style="font-size: 10pt;">. The loan is payable in monthly installments through October 2035.</font></p> </td> <td style="font-family: 'Times New Roman';">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td align="right" style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font> 1,277,000 </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td align="right" style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font> 1,475,000 </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"> <p style="margin: 0px;"><font style="font-size: 10pt;"> <font style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">CNH Capital loans: the interest rate was <font>zero</font> and the loans were paid off in May and July 2015.</font></font></p> </td> <td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="left" style="border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="right" style="border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> - </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="left" style="border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="right" style="border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 8,000 </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt;">Subtotal</font></td> <td style="font-family: 'Times New Roman';">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td align="right" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font> 84,800,000 </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td align="right" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font> 68,354,000 </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt;">Less current portion</font></td> <td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="left" style="border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="right" style="border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 585,000 </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="left" style="border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="right" style="border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 583,000 </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt;">Total long-term debt, less current portion</font></td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style="border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td align="right" style="border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font> 84,215,000 </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style="border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td align="right" style="border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font> 67,771,000 </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> </tr> </table> </div> </div> </div> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-align: justify;">Interest is capitalized on non-bearing orchards, real estate development projects and significant construction in progress. The Company capitalized interest of $<font>651,000</font> and $<font>559,000</font> during the three months ended July 31, 2015 and 2014, respectively, and $<font>1,874,000</font> and $<font>1,757,000</font> during the nine months ended July 31, 2015 and 2014, respectively. Capitalized interest is included in property, plant and equipment and real estate development assets in the Company's consolidated balance sheets.</p> </div> 78664000 1874000 1757000 61623000 2018-05-30 2022-11-30 2018-06-30 2035-10-31 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="display: block;"> <div class="CursorPointer"> <table cellspacing="0" cellpadding="0" style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; border-collapse: collapse; width: 100%;"> <tr> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; text-align: center;"> <p style="margin: 0px;"><strong>July 31,</strong></p> <p style="margin: 0px;"><strong>2015</strong></p> </td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: center;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; white-space: nowrap; text-align: center;">&#160;</td> <td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px; text-align: center;"> <p style="margin: 0px;"><strong>October 31,</strong></p> <p style="margin: 0px;"><strong>2014</strong></p> </td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td width="80%" style="font-family: 'times new roman'; border: none #000000; padding: 0px; width: 84%; background-color: #cceeff;"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.2pt;"><font style="font-size: 10pt;"> <font style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">R</font></font><font style="font-size: 10pt;">abobank revolving credit facility: the interest rate is variable based on the one-month London Interbank Offered Rate (LIBOR), which was <font>0.19</font>% at </font><font style="font-size: 10pt;">July 31, 2015</font><font style="font-size: 10pt;">, plus <font>1.80</font>%. Interest is payable monthly and the&#160;</font><font style="font-size: 10pt;">principal is due in full in </font><font style="font-size: 10pt;">June 2018</font><font style="font-size: 10pt;">.</font></p> </td> <td style="font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td width="10%" align="right" valign="bottom" style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 10pt; width: 8%; vertical-align: bottom; text-align: right; white-space: nowrap; background-color: #cceeff;"><font> 78,664,000 </font></td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td width="10%" align="right" valign="bottom" style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 10pt; width: 8%; vertical-align: bottom; text-align: right; white-space: nowrap; background-color: #cceeff;"><font> 61,623,000 </font></td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px;"> <p style="margin: 0px;"><font style="font-size: 10pt;"> <font style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">F</font></font><font style="font-size: 10pt;">arm Credit West term loan: the interest rate is variable and was <font>2.75</font>% at </font><font style="font-size: 10pt;">July 31, 2015</font><font style="font-size: 10pt;">. The loan is payable in quarterly installments through </font><font style="font-size: 10pt;">November 2022</font><font style="font-size: 10pt;">.</font></p> </td> <td style="font-family: 'Times New Roman';">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td align="right" style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font> 4,367,000 </font></td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td align="right" style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font> 4,756,000 </font></td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"> <p style="margin: 0px;"><font style="font-size: 10pt;">Farm Credit West non-revolving line of credit: the interest rate is variable and was <font>2.75</font>% at </font><font style="font-size: 10pt;">July 31, 2015</font><font style="font-size: 10pt;">. Interest is payable monthly and the principal is due in full in </font><font style="font-size: 10pt;">May 2018</font><font style="font-size: 10pt;">.</font></p> </td> <td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="right" style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 492,000 </font></td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="right" style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 492,000 </font></td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px;"> <p style="margin: 0px;"><font style="font-size: 10pt;"> <font style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">F</font></font><font style="font-size: 10pt;">arm Credit West term loan: <font style="font-family: 'Times New Roman', serif;">the interest rate is variable and was</font>&#160;<font>2.75</font>% at </font><font style="font-size: 10pt;">July 31, 2015</font><font style="font-size: 10pt;">. The loan is payable in monthly installments through October 2035.</font></p> </td> <td style="font-family: 'Times New Roman';">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td align="right" style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font> 1,277,000 </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td align="right" style="font-family: 'times new roman'; border: none #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font> 1,475,000 </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"> <p style="margin: 0px;"><font style="font-size: 10pt;"> <font style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">CNH Capital loans: the interest rate was <font>zero</font> and the loans were paid off in May and July 2015.</font></font></p> </td> <td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="left" style="border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="right" style="border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> - </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="left" style="border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="right" style="border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 8,000 </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt;">Subtotal</font></td> <td style="font-family: 'Times New Roman';">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td align="right" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font> 84,800,000 </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td align="right" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font> 68,354,000 </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt;">Less current portion</font></td> <td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="left" style="border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="right" style="border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 585,000 </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left-style: none; border-right-style: none; border-color: #000000; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="left" style="border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td align="right" style="border-bottom-width: 1pt; border-style: none none solid; font-family: 'times new roman'; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 583,000 </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt;">Total long-term debt, less current portion</font></td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style="border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td align="right" style="border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font> 84,215,000 </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-color: #000000; padding: 0px; font-size: 10pt; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td align="left" style="border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">$</td> <td align="right" style="border-bottom: #000000 2.80pt double; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-color: #000000; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;"><font> 67,771,000 </font></td> <td align="left" style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; padding-right: 5px;">&#160;</td> </tr> </table> </div> </div> </div> 651000 559000 459000 405000 1067000 947000 141000 74000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><strong>12. Derivative Instrument and Hedging Activities</strong></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The Company enters into interest rate swaps to minimize the risks and costs associated with its financing activities. Derivative financial instruments are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <div class="CursorPointer"> <div> <div style="display: block;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"> <tr> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td colspan="6" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>Notional Amount</strong></td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td> <td colspan="6" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>Fair&#160;Value&#160;Liability</strong></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td>&#160;</td> </tr> <tr> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td colspan="2" align="center" valign="bottom" style="font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 10px 0px 0px; white-space: nowrap; vertical-align: bottom; text-align: center;"> <p style="margin: 0px;"><strong>July 31,</strong></p> <p style="margin: 0px;"><strong>2015</strong></p> </td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td> <td colspan="2" align="center" valign="bottom" style="font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 10px 0px 0px; white-space: nowrap; vertical-align: bottom; text-align: center;"> <p style="margin: 0px;"><strong>October 31,</strong></p> <p style="margin: 0px;"><strong>2014</strong><br/></p> </td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;"><strong>&#160;</strong></td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;"><strong>&#160;</strong></td> <td colspan="2" align="center" valign="bottom" style="font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 10px 0px 0px; white-space: nowrap; vertical-align: bottom; text-align: center;"> <p style="margin: 0px;"><strong>July 31,</strong></p> <p style="margin: 0px;"><strong>2015</strong><br/></p> </td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;"><strong>&#160;</strong></td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;"><strong>&#160;</strong></td> <td colspan="2" align="center" valign="bottom" style="font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 10px 0px 0px; white-space: nowrap; vertical-align: bottom; text-align: center;"> <p style="margin: 0px;"><strong>October 31,</strong></p> <p style="margin: 0px;"><strong>2014</strong><br/></p> </td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; background-color: #cceeff;">Pay fixed-rate, receive floating-rate forward interest rate swap, beginning July 2013 until <font>June 2018</font></td> <td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>40,000,000</font></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>40,000,000</font></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>1,662,000</font></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>1,782,000</font></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> </tr> </table> </div> </div> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0px; text-align: justify;">In November 2011, the Company entered into a forward interest rate swap agreement with Rabobank International, Utrecht to fix the interest rate at <font>4.30</font>% on $<font>40,000,000</font>&#160;<font style="font-size: 10pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', serif;">of its outstanding borrowings under the Rabobank line of credit beginning July 2013 until June 2018. This interest rate swap qualifies as a cash flow hedge and is accounted for as a hedge under the short-cut method. Therefore, the fair value liability is included in fair value of derivative instrument, other long-term liabilities and related accumulated other comprehensive income at July 31, 2015 and October 31, 2014.</font></font></p> </div> 40000000 40000000 1662000 1782000 2013-07 2018-06 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="display: block;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"> <tr> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td colspan="6" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>Notional Amount</strong></td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td> <td colspan="6" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"><strong>Fair&#160;Value&#160;Liability</strong></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td>&#160;</td> </tr> <tr> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;">&#160;</td> <td colspan="2" align="center" valign="bottom" style="font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 10px 0px 0px; white-space: nowrap; vertical-align: bottom; text-align: center;"> <p style="margin: 0px;"><strong>July 31,</strong></p> <p style="margin: 0px;"><strong>2015</strong></p> </td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;">&#160;</td> <td colspan="2" align="center" valign="bottom" style="font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 10px 0px 0px; white-space: nowrap; vertical-align: bottom; text-align: center;"> <p style="margin: 0px;"><strong>October 31,</strong></p> <p style="margin: 0px;"><strong>2014</strong><br/></p> </td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;"><strong>&#160;</strong></td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;"><strong>&#160;</strong></td> <td colspan="2" align="center" valign="bottom" style="font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 10px 0px 0px; white-space: nowrap; vertical-align: bottom; text-align: center;"> <p style="margin: 0px;"><strong>July 31,</strong></p> <p style="margin: 0px;"><strong>2015</strong><br/></p> </td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;"><strong>&#160;</strong></td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;"><strong>&#160;</strong></td> <td colspan="2" align="center" valign="bottom" style="font-family: 'times new roman'; border-style: none none solid; border-bottom-width: 1pt; border-color: #000000; padding: 0px 10px 0px 0px; white-space: nowrap; vertical-align: bottom; text-align: center;"> <p style="margin: 0px;"><strong>October 31,</strong></p> <p style="margin: 0px;"><strong>2014</strong><br/></p> </td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; background-color: #cceeff;">Pay fixed-rate, receive floating-rate forward interest rate swap, beginning July 2013 until <font>June 2018</font></td> <td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>40,000,000</font></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>40,000,000</font></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>1,662,000</font></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font>1,782,000</font></td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; background-color: #cceeff;">&#160;</td> </tr> </table> </div> </div> 0.0430 1081000 989000 7000 177000 375000 350000 7142000 7320000 204000 1356000 1311000 284000 592000 P20Y 200 0.20 1200 5177000 40000 68000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><strong>14. Related-Party Transactions</strong></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The Company rents certain of its residential housing assets to employees on a month-to-month basis. <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"> The Company recorded $<font>166,000</font> and $<font>132,000</font> of rental revenue from employees in the three months ended July 31, 2015 and 2014, respectively. </font>The Company recorded $<font>459,000</font>&#160;and $<font>405,000</font>&#160;<font style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">of rental revenue from employees in the nine months ended July 31, 2015 and 2014, respectively. There were no rental payments due from employees at July 31, 2015 and October 31, 2014.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The Company has representation on the boards of directors of the mutual water companies in which the Company has investments. <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">The Company recorded capital contributions and purchased water and water delivery services from such mutual water companies, in aggregate, of $<font>364,000</font> and $<font>202,000</font> in the three months ended July 31, 2015 and 2014, respectively. </font>The Company recorded capital contributions and purchased water and water delivery services from such&#160;mutual water companies, in aggregate, of $<font>1,067,000</font>&#160;and $<font>947,000</font> in the nine months ended July 31, 2015 and 2014, respectively. Such amounts are included in agribusiness expense in the Company's consolidated statements of operations. Payments due to the mutual water companies were, in aggregate, $<font>141,000</font> and $<font>74,000</font> at July 31, 2015 and October 31, 2014, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The Company has representation on the board of directors of a non-profit cooperative association that provides pest control services for the agricultural industry. T<font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">he Company purchased services and supplies of $<font>382,000</font> and $<font>438,000</font> from the association in the three months ended July 31, 2015 and 2014, respectively. </font>The Company purchased services and supplies of $<font>1,081,000</font>&#160;and $<font>989,000</font> from the association in the nine months ended July 31, 2015 and 2014, respectively. Such amounts are included in agribusiness expense in the Company's consolidated statements of operations. Payments due to the association were $<font>7,000</font> and $<font>177,000</font> at July 31, 2015 and October 31, 2014, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The Company recorded dividend income of $<font>375,000</font>&#160;and $<font>350,000</font> in the nine months ended July 31, 2015 and 2014, respectively, on its investment in Calavo, which is included in other income (expense), net in the Company's consolidated statements of operations. <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">The Company had $<font>3,027,000</font> and $<font>6,147,000</font> of avocado sales to Calavo for the three months ended July 31, 2015 and 2014, respectively. </font>The Company had $<font>7,142,000</font>&#160;and $<font>7,320,000</font> of avocado sales to Calavo for the nine months ended July 31, 2015 and 2014, respectively. Such amounts are included in agribusiness revenues in the Company's consolidated statements of operations. There was $<font>189,000</font> and <font>zero</font> receivable by the Company from Calavo at July 31, 2015 and October 31, 2014, respectively. <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">Additionally, the Company leases office space to Calavo and received rental income of $<font>68,000</font> and $<font>69,000</font> in the three months ended July 31, 2015 and 2014, respectively. The Company</font>&#160;received rental income from Calavo of $<font>204,000</font>&#160;and $<font>207,000</font>&#160;<font style="background-color: #ffffff;">in <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">the nine months ended July 31, 2015 and 2014, respectively</font></font>. Such amounts are included in rental operations revenues in the Company's consolidated statements of operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Certain members of the Company's board of directors market lemons through the Company pursuant to its customary marketing agreements. <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">During the three months ended July 31, 2015 and 2014, the aggregate amount of lemons procured from entities owned or controlled by members of the board of directors was $<font>774,000</font> and $<font>915,000</font>, respectively.&#160;</font>Dur<font style="background-color: #ffffff;">ing&#160;<font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">the nine months ended July 31, 2015 and 2014,</font> th</font>e aggregate amount was $<font>1,356,000</font>&#160;and $<font>1,311,000</font>, respectively. Such amounts are included in agribusiness expense in the Company's consolidated statements of operations. Payments due to these board members were $<font>284,000</font>&#160;and $<font>592,000</font> at July 31, 2015 and October 31, 2014, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">On July 1, 2013, the Company and Cadiz Real Estate, LLC (&#147;Cadiz&#148;), a wholly-owned subsidiary of Cadiz, Inc., entered into a long-term lease agreement (the &#147;Lease&#148;) for a minimum of 320 acres, with an option to lease up to an additional 640 acres, located within 9,600 zoned agricultural acres owned by Cadiz in eastern San Bernardino County, California. The initial term of the Lease runs for <font>20</font> years and the annual base rental rate will be equal to the sum of $<font>200</font> per planted acre and <font>20</font>% of gross revenues from the sale of harvested lemons (less operating expenses) and will not exceed $<font>1,200</font> per acre per <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">year. <font style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-theme-font: minor-fareast; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">The Company has incurred lease expense of $<font>16,000</font> and $<font>11,000</font> in the three months ended July 31, 2015 and 2014, respectively and $<font>41,000</font> and $<font>15,000</font> in the nine months ended July 31, 2015 and 2014, respectively.&#160;</font><font style="background-color: #ffffff;">A member of the Company's board of directors serves as the CEO, President and a member of the board of directors of Cadiz, Inc. </font></font><font style="font-size: 10pt; font-family: 'Times New Roman', serif; color: black;"><font style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-theme-font: minor-fareast; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">Additionally, this board member is an attorney with a law firm that provided services to the Company $<font>122,000</font> and $<font>71,000</font>&#160;in the nine months ended July 31, 2015 and 2014, respectively.</font> </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><br/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">On February 3, 2015, the Company entered into a Modification of Lease Agreement (the &#147;Amendment&#148;) with Cadiz. The Amendment, among other things, increased by 200 acres the amount of property leased by the Company under the lease agreement dated July 1, 2013. In connection with the Amendment, the Company paid a total of $<font>1,212,000</font>&#160;to acquire existing lemon trees and irrigations systems from Cadiz and a Cadiz tenant.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">The Company has representation on the board of directors of Colorado River Growers, Inc. (&#147;CRG&#148;), a non-profit cooperative association of fruit growers engaged in the agricultural harvesting and marketing business in Yuma County, Arizona. The Company paid <font>no</font>&#160;<font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">harvest and third-party grower expense to CRG in the three months ended July 31, 2015 and 2014 and<font class="Apple-converted-space">&#160;</font></font>$<font>5,177,000</font> <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">and&#160;$<font>5,505,000</font>&#160;in the nine months ended July 31, 2015 and 2014, respectively. Such</font> amounts are included in agribusiness expense in the Company's <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">consolidated statements of operations. Additionally, the Company's subsidiary, Associated Citrus Packers, Inc. <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">(&#147;Associated&#148;)</font>&#160;provided <font>no</font> harvest management and administrative services to CRG in the three months ended July 1, 2015 and 2014 and $<font>305,000</font> and $<font>295,000</font></font>&#160;in<font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"> the nine months ended July 31, 2015 and 2014, respectively. Such amounts are included in agribusiness revenues in the Company's consolidated statements of operations. There was $<font>33,000</font>&#160;and</font> $<font>40,000</font>&#160;receivable by<font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;"> Associated from CRG at July 31, 2015 and October 31, 2014, respectively</font>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">The Company has representation on the board of directors of Yuma Mesa Irrigation and Drainage District (&#147;YMIDD&#148;). In December 2013, Associated entered into an agreement, as amended in December 2014, with the YMIDD to participate in a Pilot Fallowing Program in which Associated agreed to forego its water allocation for approximately 300 acres of land in exchange for $<font>750</font> per acre through December 31, 2016, unless terminated sooner by YMIDD. In relation to this program, during the three months ended July 31, 2015 and 2014 the Company recorded income&#160;of $<font>50,000</font> and $<font>43,000</font>, respectively. In relation to this program, during the nine months ended July 31, 2015 and 2014 the Company recorded income&#160;of $<font>151,000</font> and $<font>111,000</font>, respectively, and recorded losses on orchard disposals of $<font>160,000</font> and $<font>183,000</font>, respectively. These net amounts are included in other income, net in the Company's consolidated statements of operations. Additionally, the Company&#160;<font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">purchased no water from YMIDD in the three months ended July 31, 2015 and 2014 and&#160;</font>$<font>68,000</font> <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; float: none; display: inline !important;">and $<font>62,000</font>&#160;in&#160;</font>the nine months ended July 31, 2015 and 2014, respectively. Such amounts are included in agribusiness expenses in the Company's consolidated statements of operations. There were <font>no</font>&#160;amounts receivable from or payments due to YMIDD at </font><font style="font-size: 10pt;">July 31, 2015</font><font style="font-size: 10pt;"> and </font><font style="font-size: 10pt;">October 31, 2014</font><font style="font-size: 10pt;">.</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"> </font><br/></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt; color: black;">The Company has a <font>1.3</font>% interest in Limco Del Mar, Ltd. (&#147;Del Mar&#148;) as a general partner and a <font>22.1</font>% interest as a limited partner.&#160;</font><font style="font-size: 10pt; color: black;"><font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">The Company provides Del Mar with farm management, orchard land development and accounting services, and recognized agribusiness revenue relating to such services of $<font>44,000</font> and $<font>40,000</font> in the three months ended July 31, 2015 and 2014, respectively, and $<font>119,000</font>&#160;in the nine months ended July 31, 2015 and 2014. The Company also performed contract lemon packing services for Del Mar and recognized agribusiness revenues relating to such services of $<font>367,000</font> and $<font>396,000</font> in the three months ended July 31, 2015 and 2014, respectively and&#160;$<font>470,000</font> and $<font>517,000</font> in the nine months ended July 31, 2015 and 2014, respectively. </font></font><font style="font-size: 10pt; color: black;">Fruit proceeds due to Del Mar were $<font>882,000</font>&#160;and $<font>828,000</font> at July 31, 2015 and October 31, 2014, respectively, and are included in grower's payable in the Company's consolidated balance sheets. In the three months ended July 31, 2015 and 2014, the Company received <font>no</font> cash distributions and recorded equity in earnings of this investment of $<font>225,000</font> and $<font>101,000</font>, respectively.</font><font style="font-size: 10pt;"> In the nine months ended July 31, 2015 and 2014, the Company received cash distributions of $<font>495,000</font> and $<font>184,000</font>, respectively and recorded equity in earnings of this investment of $<font>412,000</font> and $<font>132,000</font>, respectively.</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"></font><br/></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">On August 14, 2014, the Company's wholly owned subsidiary, Limoneira Chile SpA, invested approximately $<font>1,750,000</font>&#160;for a <font>35</font>% interest in Rosales S.A. (&#147;Rosales&#148;), a citrus packing, marketing and sales business located in La Serena, Chile. The Company recognized lemon sales of <font>zero</font> and $<font>119,000</font> to Rosales in the three and nine months ended July 31, 2015, respectively and such amounts are recorded in agribusiness revenues in the Company's consolidated statements of operations. <font style="font-size: 10.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: 'Times New Roman'; mso-fareast-theme-font: minor-fareast; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">During the three months ended July 31, 2015 and 2014, the aggregate amount of lemons procured from Rosales was $<font>415,000</font> and $<font>555,000</font>, respectively. During the nine months ended July 31, 2015 and 2014, the aggregate amount procured was $<font>567,000</font> and $<font>555,000</font>, respectively. Amounts due to Rosales were $<font>259,000</font> and <font>zero</font> at July 31, 2015 and October 31, 2014. Additionally, the Company recorded equity losses of this investment of $<font>19,000</font> and $<font>220,000</font>, which includes amortization of fair value basis differences of $<font>52,000</font>&#160;and $<font>156,000</font>&#160;in the three and nine months ended July 31, 2015, respectively. In August 2015 the Company received a cash distribution of $<font>53,000</font>.</font></font></p> </div> 122000 71000 5505000 33000 62000 1212000 750 151000 111000 -160000 -183000 1750000 0.35 119000 0.013 0.221 119000 882000 828000 495000 184000 412000 132000 -220000 52000 166000 132000 364000 202000 382000 438000 3027000 6147000 68000 69000 207000 774000 915000 305000 295000 189000 0 50000 43000 225000 -101000 0 -19000 156000 470000 517000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><strong>15. Income Taxes</strong></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">There has been no material change to the Company's uncertain tax position for the three and nine month periods ended July 31, 2015. The Company does not expect its unrecognized tax benefits to change significantly over the next 12 months.<br/></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', serif;">The Company's policy is to recognize interest expense and penalties related to income tax matters as a component of income tax expense. The Company has not accrued any interest and penalties associated with uncertain tax positions as of July 31, 2015.</font></p> </div> 375000 125000 4954000 973000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><b>16. Retirement Plans</b><br/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The Limoneira Company Retirement Plan (the &#147;Plan&#148;) is a noncontributory, defined benefit, single employer pension plan, which provides retirement benefits for all eligible employees of the Company. Benefits paid by the Plan are calculated based on years of service, highest five-year average earnings, primary Social Security benefit and retirement age. Effective June 2004, the Company froze the Plan and no additional benefits accrued to participants subsequent to that date. The Plan is administered by City National Bank and Mercer Human Resource Consulting.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><br/></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">The Plan is funded consistent with the funding requirements of federal law and regulations. There were funding contributions of $<font>125,000</font>&#160;during the three months ended July 31, 2015 and 2014, and $<font>375,000</font>&#160;during the nine months ended July 31, 2015 and 2014.&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">&#160;</p> <div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">The net periodic pension costs for the Plan for the three months ended July 31 were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <div class="CursorPointer"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong> </strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>2015</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"><strong>2014</strong><strong>&#160;</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; width: 60%;">Administrative expenses</td> <td style="font-family: 'times new roman'; padding: 0px; width: 3%;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 5%;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"><font>34,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 5%;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 5%;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"><font>34,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 2%;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Interest cost</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>213,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>205,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Expected return on plan assets</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(282,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(268,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Recognized actuarial loss</td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>246,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>195,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Net periodic benefit cost</td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>211,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>166,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> </table> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The net periodic pension costs for the Plan for the nine months ended July 31 were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><b>&#160;</b></p> <div class="CursorPointer"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong> </strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>2015</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"><strong>2014</strong><strong>&#160;</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> </tr> <tr style="vertical-align: bottom; background-color: #ffffff;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #ffffff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #ffffff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; width: 60%; background-color: #cceeff;">Administrative expenses</td> <td style="font-family: 'times new roman'; padding: 0px; width: 3%; background-color: #cceeff;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 5%; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font> 102,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 5%; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 5%; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font> 102,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 2%; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Interest cost</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 639,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 615,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Expected return on plan assets</td> <td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> (846,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> (804,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Recognized actuarial loss</td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"><font> 738,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"><font> 585,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Net periodic pension cost</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;"><font> 633,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;"><font> 498,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> </table> </div> </div> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">The net periodic pension costs for the Plan for the three months ended July 31 were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <div class="CursorPointer"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong> </strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>2015</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"><strong>2014</strong><strong>&#160;</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; width: 60%;">Administrative expenses</td> <td style="font-family: 'times new roman'; padding: 0px; width: 3%;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 5%;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"><font>34,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 5%;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 5%;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%;"><font>34,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 2%;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Interest cost</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>213,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>205,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Expected return on plan assets</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(282,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>(268,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">)</td> </tr> <tr style="vertical-align: bottom; background-color: white;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Recognized actuarial loss</td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>246,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>195,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Net periodic benefit cost</td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>211,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>166,000</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> </table> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The net periodic pension costs for the Plan for the nine months ended July 31 were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><b>&#160;</b></p> <div class="CursorPointer"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong> </strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>2015</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"><strong>2014</strong><strong>&#160;</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> </tr> <tr style="vertical-align: bottom; background-color: #ffffff;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #ffffff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #ffffff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; width: 60%; background-color: #cceeff;">Administrative expenses</td> <td style="font-family: 'times new roman'; padding: 0px; width: 3%; background-color: #cceeff;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 5%; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font> 102,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 5%; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; width: 5%; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font> 102,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; width: 2%; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Interest cost</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 639,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 615,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Expected return on plan assets</td> <td style="font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> (846,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> (804,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">)</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px;">Recognized actuarial loss</td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"><font> 738,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"><font> 585,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Net periodic pension cost</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;"><font> 633,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;"><font> 498,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> </table> </div> </div> 34000 34000 213000 205000 282000 268000 -246000 -195000 211000 166000 102000 102000 639000 615000 846000 804000 -738000 -585000 633000 498000 4474000 898000 36000 55000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><font style="font-size: 10pt;"><strong>17.&#160;Other Long-Term Liabilities</strong></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><font style="font-size: 10pt;">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><font style="font-size: 10pt;">Other long-term liabilities consist of the following:</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;"><font style="font-size: 10pt;">&#160;</font></p> <div class="CursorPointer"> <div> <div style="display: block;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"> <tr> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt;">&#160;</font></td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt;">&#160;</font></td> <td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"> <p style="margin: 0px;"><font style="font-size: 10pt;"><strong>July 31, </strong><strong>2015</strong></font></p> </td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;"><font style="font-size: 10pt;">&#160;</font></td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;"><font style="font-size: 10pt;">&#160;</font></td> <td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"> <p style="margin: 0px;"><font style="font-size: 10pt;"><strong>October 31,</strong></font></p> <p style="margin: 0px;"><font style="font-size: 10pt;"><strong>2014</strong></font></p> </td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td> <td><font style="font-size: 10pt;">&#160;</font></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left; width: 80%; background-color: #cceeff;"><font style="font-size: 10pt;">Minimum pension liability</font></td> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">$</font></td> <td align="right" valign="bottom" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font><font style="font-size: 10pt;"> 4,474,000 </font></font></td> <td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">$</font></td> <td align="right" valign="bottom" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font><font style="font-size: 10pt;">4,954,000</font></font></td> <td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: 'Times New Roman';"><font style="font-size: 10pt;">Fair value of derivative instrument</font></td> <td style="font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;"> 898,000 </font></font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">973,000</font></font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td> </tr> <tr style="background-color: #cceeff;"> <td style="font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-weight: normal; background-color: #cceeff;"><font style="font-size: 10pt;">Contingent consideration</font></td> <td style="font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-weight: normal; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; font-size: 10pt; font-style: normal; font-weight: normal; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt; font-style: normal; font-weight: normal; background-color: #cceeff;"><font><font style="font-size: 10pt;"> 300,000 </font></font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; font-size: 10pt; font-style: normal; font-weight: normal; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-weight: normal; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; font-size: 10pt; font-style: normal; font-weight: normal; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt; font-style: normal; font-weight: normal; background-color: #cceeff;"><font><font style="font-size: 10pt;">300,000</font></font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; font-size: 10pt; font-style: normal; font-weight: normal; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px;">Other<br/></td> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt;">&#160;</font></td> <td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td> <td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;"> 36,000 </font></font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td> <td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td> <td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">55,000</font></font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">$</font></td> <td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-size: 10pt;"> 5,708,000 </font></font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">$</font></td> <td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-size: 10pt;">6,282,000</font></font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> </tr> </table> </div> </div> </div> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="display: block;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 100%;"> <tr> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt;">&#160;</font></td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px;"><font style="font-size: 10pt;">&#160;</font></td> <td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"> <p style="margin: 0px;"><font style="font-size: 10pt;"><strong>July 31, </strong><strong>2015</strong></font></p> </td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;"><font style="font-size: 10pt;">&#160;</font></td> <td style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px; text-align: center;"><font style="font-size: 10pt;">&#160;</font></td> <td colspan="2" style="font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: #000000 1pt solid; border-color: #000000; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap; text-align: center;"> <p style="margin: 0px;"><font style="font-size: 10pt;"><strong>October 31,</strong></font></p> <p style="margin: 0px;"><font style="font-size: 10pt;"><strong>2014</strong></font></p> </td> <td style="text-align: left; font-family: 'times new roman'; border-left: none; border-right: none; border-top: none; border-bottom: none; border-color: #000000; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;"><font style="font-size: 10pt;">&#160;</font></td> <td><font style="font-size: 10pt;">&#160;</font></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td align="left" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: left; width: 80%; background-color: #cceeff;"><font style="font-size: 10pt;">Minimum pension liability</font></td> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">$</font></td> <td align="right" valign="bottom" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font><font style="font-size: 10pt;"> 4,474,000 </font></font></td> <td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">$</font></td> <td align="right" valign="bottom" style="font-family: 'times new roman'; border: none #000000; padding: 0px; text-align: right; vertical-align: bottom; white-space: nowrap; width: 10%; background-color: #cceeff;"><font><font style="font-size: 10pt;">4,954,000</font></font></td> <td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: 'Times New Roman';"><font style="font-size: 10pt;">Fair value of derivative instrument</font></td> <td style="font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;"> 898,000 </font></font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">973,000</font></font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td> </tr> <tr style="background-color: #cceeff;"> <td style="font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-weight: normal; background-color: #cceeff;"><font style="font-size: 10pt;">Contingent consideration</font></td> <td style="font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-weight: normal; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; font-size: 10pt; font-style: normal; font-weight: normal; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt; font-style: normal; font-weight: normal; background-color: #cceeff;"><font><font style="font-size: 10pt;"> 300,000 </font></font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; font-size: 10pt; font-style: normal; font-weight: normal; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; font-size: 10pt; font-style: normal; font-weight: normal; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; font-size: 10pt; font-style: normal; font-weight: normal; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="text-align: right; font-family: 'times new roman'; border: none #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; font-size: 10pt; font-style: normal; font-weight: normal; background-color: #cceeff;"><font><font style="font-size: 10pt;">300,000</font></font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; font-size: 10pt; font-style: normal; font-weight: normal; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px;">Other<br/></td> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px;"><font style="font-size: 10pt;">&#160;</font></td> <td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td> <td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;"> 36,000 </font></font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td> <td style="border-bottom-width: 1pt; border-style: none none solid; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td> <td style="border-bottom-width: 1pt; border-style: none none solid; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font><font style="font-size: 10pt;">55,000</font></font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;"><font style="font-size: 10pt;">&#160;</font></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">$</font></td> <td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-size: 10pt;"> 5,708,000 </font></font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="font-family: 'times new roman'; border: none #000000; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> <td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: left; font-family: 'times new roman'; border-color: #000000; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">$</font></td> <td style="border-bottom-width: 2.8pt; border-style: none none double; text-align: right; font-family: 'times new roman'; border-color: #000000; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font><font style="font-size: 10pt;">6,282,000</font></font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;"><font style="font-size: 10pt;">&#160;</font></td> </tr> </table> </div> </div> 300000 300000 3 3215000 20963000 791000 152000 12000 55000 1010000 10995000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><b>19. Segment Information</b><br/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The Company operates in <font>three</font> reportable operating segments: agribusiness,&#160;rental operations, and real estate development. The reportable operating segments of the Company are strategic business units with different products and services, distribution processes and customer bases. The agribusiness segment includes farming and citrus packing operations. The&#160;rental operations&#160;segment includes residential and commercial rental operations, leased land, and organic recycling. The real estate development segment includes real estate development operations. No asset information is provided for reportable segments as these specified amounts are not included in the measure of segment profit or loss reviewed by the company's chief operating decision maker. The Company measures operating performance, including revenues and earnings, of its operating segments and allocates resources based on its evaluation. The Company does not allocate selling, general and administrative expense, other income (expense), interest expense and income tax expense, or specifically identify them to its operating segments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in;">&#160;</p> <div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Segment information for the three months ended July 31, 2015:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <div class="CursorPointer"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 0.100000001490116px;"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong> </strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>Agribusiness</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Rental</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Operations</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Real&#160;Estate</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Development</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Corporate&#160;and</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Other</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>Total</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> </tr> <tr style="vertical-align: bottom; background-color: #ffffff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #ffffff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #ffffff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; background-color: #ffffff;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Revenues</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 28,466,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 1,311,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 34,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"><font>&#150;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 29,811,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Costs and expenses</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 16,680,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 755,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 313,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 3,215,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 20,963,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; vertical-align: middle; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Depreciation and amortization</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 791,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 152,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 12,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 55,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 1,010,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Operating income (loss)</td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;"><font> 10,995,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;"><font> 404,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;"><font> (291,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;"><font> (3,270,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;"><font> 7,838,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> </table> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Segment information for the three months ended July 31, 2014:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <div class="CursorPointer"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 0.1px;"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong> </strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>Agribusiness</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Rental</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Operations</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Real&#160;Estate</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Development</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Corporate&#160;and</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Other</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>Total</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Revenues</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 35,173,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 1,182,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 121,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"><font>&#150;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 36,476,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Costs and expenses</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 17,077,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 691,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 833,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 3,593,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 22,194,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Depreciation and amortization</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 728,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 105,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 22,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 47,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 902,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Operating income (loss)</td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 17,368,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 386,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> (734,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> (3,640,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 13,380,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> </table> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The following table sets forth revenues by category, by segment for the three months ended:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <div class="CursorPointer" align="center"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%; margin-left: 0.100000001490116px; margin-right: 0.1px;"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td colspan="2" nowrap="nowrap" style="text-align: center; padding: 0px; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"><strong>July 31,<br/> 2015</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td nowrap="nowrap" style="text-align: center; padding: 0px; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;" colspan="2"><strong>July 31,<br/> 2014</strong><strong>&#160;</strong></td> <td nowrap="nowrap" style="text-align: center; padding: 0px;"><strong>&#160;</strong></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Lemons</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 23,859,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 26,845,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Avocados</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 3,027,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 6,147,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Navel and Valencia oranges</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 1,020,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 1,711,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Specialty citrus and other crops</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"><font> 560,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"><font> 470,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Agribusiness revenues</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 28,466,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 35,173,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap;">&#160;</td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Rental operations</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 728,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 618,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Leased land</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 480,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 496,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Organic recycling and other</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 103,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 68,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Rental operations revenues</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,311,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,182,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Real estate development revenues</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"><font> 34,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"><font> 121,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Total revenues</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;"><font> 29,811,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;"><font> 36,476,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> </table> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><br/></p> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Segment information for the nine months ended July 31, 2015</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <div class="CursorPointer"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 0.1px;"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong> </strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>Agribusiness</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Rental</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Operations</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Real&#160;Estate</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Development</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Corporate&#160;and</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Other</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>Total</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Revenues</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 82,268,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 3,769,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 62,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"><font>&#150;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 86,099,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Costs and expenses</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 60,933,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 2,062,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 772,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 9,892,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 73,659,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; vertical-align: middle; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Depreciation and amortization</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 2,375,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 409,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 34,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 161,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 2,979,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Operating income (loss)</td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 18,960,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,298,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> (744,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> (10,053,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 9,461,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> </table> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Segment information for the nine months ended July 31, 2014:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <div class="CursorPointer"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 0.1px;"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong> </strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>Agribusiness</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Rental</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Operations</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Real&#160;Estate</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Development</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Corporate&#160;and</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Other</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>Total</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;"><br/></td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Revenues</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 83,481,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 3,483,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 196,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"><font>&#150;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 87,160,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Costs and expenses</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 56,669,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,923,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,398,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 10,189,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 70,179,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; vertical-align: middle; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Depreciation and amortization</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 2,061,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 308,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 58,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 137,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 2,564,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Operating income (loss)</td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 24,751,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,252,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> (1,260,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> (10,326,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 14,417,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> </table> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The following table sets forth revenues by category, by segment for the nine months ended:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <div class="CursorPointer" align="center"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%; margin-left: 0.100000001490116px; margin-right: 0.1px;"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td colspan="2" nowrap="nowrap" style="text-align: center; padding: 0px; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"><strong>July 31,<br/> 2015</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td nowrap="nowrap" style="text-align: center; padding: 0px; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;" colspan="2"><strong>July 31,<br/> 2014</strong><strong>&#160;</strong></td> <td nowrap="nowrap" style="text-align: center; padding: 0px;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Lemons</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 67,385,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 65,909,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Avocados</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 7,142,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 7,320,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Navel and Valencia oranges</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 5,054,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 7,031,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Specialty citrus and other crops</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 2,687,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 3,221,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Agribusiness revenues</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 82,268,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 83,481,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Rental operations</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 2,012,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 1,833,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Leased land</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,413,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,469,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Organic recycling and other</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 344,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 181,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Rental operations revenues</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 3,769,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 3,483,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Real estate development revenues</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 62,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 196,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Total revenues</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;"><font> 86,099,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;"><font> 87,160,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> </table> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>&#160;</b></p> </div> </div> 404000 -291000 -3270000 35173000 1182000 121000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Segment information for the nine months ended July 31, 2015</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <div class="CursorPointer"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 0.1px;"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong> </strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>Agribusiness</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Rental</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Operations</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Real&#160;Estate</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Development</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Corporate&#160;and</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Other</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>Total</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Revenues</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 82,268,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 3,769,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 62,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"><font>&#150;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 86,099,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Costs and expenses</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 60,933,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 2,062,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 772,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 9,892,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 73,659,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; vertical-align: middle; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Depreciation and amortization</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 2,375,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 409,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 34,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 161,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 2,979,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Operating income (loss)</td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 18,960,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,298,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> (744,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> (10,053,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 9,461,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> </table> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Segment information for the nine months ended July 31, 2014:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <div class="CursorPointer"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 0.1px;"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong> </strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>Agribusiness</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Rental</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Operations</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Real&#160;Estate</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Development</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Corporate&#160;and</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Other</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>Total</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;"><br/></td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Revenues</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 83,481,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 3,483,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 196,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"><font>&#150;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 87,160,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Costs and expenses</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 56,669,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,923,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,398,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 10,189,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 70,179,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; vertical-align: middle; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Depreciation and amortization</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 2,061,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 308,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 58,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 137,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 2,564,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Operating income (loss)</td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 24,751,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,252,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> (1,260,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> (10,326,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 14,417,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> </table> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The following table sets forth revenues by category, by segment for the nine months ended:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <div class="CursorPointer" align="center"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%; margin-left: 0.100000001490116px; margin-right: 0.1px;"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td colspan="2" nowrap="nowrap" style="text-align: center; padding: 0px; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"><strong>July 31,<br/> 2015</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td nowrap="nowrap" style="text-align: center; padding: 0px; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;" colspan="2"><strong>July 31,<br/> 2014</strong><strong>&#160;</strong></td> <td nowrap="nowrap" style="text-align: center; padding: 0px;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Lemons</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 67,385,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 65,909,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Avocados</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 7,142,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 7,320,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Navel and Valencia oranges</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 5,054,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 7,031,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Specialty citrus and other crops</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 2,687,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 3,221,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Agribusiness revenues</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 82,268,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 83,481,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Rental operations</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 2,012,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 1,833,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Leased land</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,413,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,469,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Organic recycling and other</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 344,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 181,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Rental operations revenues</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 3,769,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 3,483,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Real estate development revenues</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 62,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 196,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Total revenues</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;"><font> 86,099,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;"><font> 87,160,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> </table> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center;"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Segment information for the three months ended July 31, 2015:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <div class="CursorPointer"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 0.100000001490116px;"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong> </strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>Agribusiness</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Rental</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Operations</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Real&#160;Estate</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Development</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Corporate&#160;and</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Other</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>Total</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> </tr> <tr style="vertical-align: bottom; background-color: #ffffff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #ffffff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #ffffff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; background-color: #ffffff;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #ffffff;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #ffffff;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Revenues</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 28,466,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 1,311,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 34,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"><font>&#150;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 29,811,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Costs and expenses</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 16,680,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 755,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 313,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 3,215,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 20,963,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; vertical-align: middle; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Depreciation and amortization</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 791,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 152,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 12,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 55,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 1,010,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Operating income (loss)</td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;"><font> 10,995,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;"><font> 404,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;"><font> (291,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;"><font> (3,270,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important;"><font> 7,838,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> </table> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">Segment information for the three months ended July 31, 2014:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <div class="CursorPointer"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 95%; margin-left: 0.1px;"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong> </strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>Agribusiness</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Rental</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Operations</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Real&#160;Estate</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Development</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td style="text-align: center; border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2" nowrap="nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Corporate&#160;and</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center;"><b>Other</b></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap">&#160;</td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; border-bottom: #000000 1pt solid !important; padding: 0px;"><strong>Total</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Revenues</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 35,173,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 1,182,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 121,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"><font>&#150;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 36,476,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Costs and expenses</td> <td style="font-family: 'Times New Roman';"></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 17,077,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 691,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 833,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 3,593,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 22,194,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Depreciation and amortization</td> <td style="font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 728,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 105,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 22,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 47,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 902,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Operating income (loss)</td> <td style="font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 17,368,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 386,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> (734,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> (3,640,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">)</td> <td style="font-family: 'times new roman'; padding: 0px; white-space: nowrap; padding-right: 5px; padding-left: 5px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; padding-right: 10px; white-space: nowrap;">$</td> <td style="text-align: right; font-family: 'times new roman'; border-bottom: #000000 2.80pt double !important; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 13,380,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> </table> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">The following table sets forth revenues by category, by segment for the three months ended:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> <div class="CursorPointer" align="center"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 85%; margin-left: 0.100000001490116px; margin-right: 0.1px;"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;" nowrap="nowrap"></td> <td colspan="2" nowrap="nowrap" style="text-align: center; padding: 0px; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"><strong>July 31,<br/> 2015</strong></td> <td nowrap="nowrap" style="text-align: center; font-family: 'times new roman'; padding: 0px;"><strong>&#160;</strong></td> <td nowrap="nowrap" style="text-align: center; padding: 0px; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;" colspan="2"><strong>July 31,<br/> 2014</strong><strong>&#160;</strong></td> <td nowrap="nowrap" style="text-align: center; padding: 0px;"><strong>&#160;</strong></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font>&#160;</font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Lemons</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 23,859,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 26,845,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Avocados</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 3,027,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 6,147,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Navel and Valencia oranges</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 1,020,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 1,711,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Specialty citrus and other crops</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"><font> 560,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"><font> 470,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Agribusiness revenues</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 28,466,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 35,173,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="vertical-align: top; text-align: left; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap;">&#160;</td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Rental operations</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 728,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"><font> 618,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Leased land</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 480,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 496,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Organic recycling and other</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 103,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-color: #cceeff;"><font> 68,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Rental operations revenues</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,311,000 </font></td> <td style="white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman';">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap;"><font> 1,182,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: left; font-family: 'times new roman'; padding: 0px; vertical-align: top; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="vertical-align: top; text-align: left; white-space: nowrap; padding-right: 5px; padding-left: 5px; font-family: 'Times New Roman'; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; vertical-align: top; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px;">Real estate development revenues</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"><font> 34,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;">&#160;</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important;"><font> 121,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap;">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: justify; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">Total revenues</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;"><font> 29,811,000 </font></td> <td style="font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 10px 0px 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;">$</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;"><font> 36,476,000 </font></td> <td style="text-align: left; font-family: 'times new roman'; padding: 0px 5px; white-space: nowrap; background-color: #cceeff;">&#160;</td> </tr> </table> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><br/></p> </div> 17077000 691000 833000 3593000 22194000 728000 105000 22000 47000 3 28466000 1311000 34000 16680000 755000 313000 902000 17368000 386000 -734000 -3640000 82268000 3769000 62000 60933000 2062000 772000 9892000 73659000 2375000 409000 34000 161000 18960000 1298000 -744000 -10053000 83481000 3483000 196000 56669000 1923000 1398000 10189000 70179000 2061000 308000 58000 137000 24751000 1252000 -1260000 -10326000 23859000 26845000 3027000 6147000 1020000 1711000 560000 470000 728000 618000 480000 496000 103000 68000 67385000 65909000 7142000 7320000 5054000 7031000 2687000 3221000 2012000 1833000 1413000 1469000 344000 181000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0;"><b><font style="font-size: 10pt;">22. Subsequent Events</font></b><br/></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;">The Company has evaluated events subsequent to July 31, 2015 through the filing date to assess the need for potential recognition or disclosure in this Quarterly Report on Form 10-Q. Based upon this evaluation, except as disclosed in the notes to consolidated financial statements, it was determined that no subsequent events occurred that require recognition or disclosure in the unaudited consolidated financial statements.</font></p> </div> 163000 442000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><b><font style="font-size: 10.0pt; font-family: 'Times New Roman';">4. Accounts Receivable</font></b><font style="font-size: 10.0pt; font-family: 'Times New Roman';"></font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><b><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></b><font style="font-size: 10.0pt; font-family: 'Times New Roman';"></font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10.0pt; font-family: 'Times New Roman';">The Company grants credit in the course of its operations to customers, cooperatives, companies and lessees of the Company's facilities. The Company performs periodic credit evaluations of its customers' financial condition and generally does not require collateral. The Company provides allowances on its receivables, as required, based on accounts receivable aging and certain other factors. As of July 31, 2015 and October 31, 2014 the allowances totaled $<font>163,000</font> and $<font>442,000</font>, respectively.</font></p> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><b><font style="font-size: 10.0pt; font-family: 'Times New Roman';">5. Concentrations</font></b><font style="font-size: 10.0pt; font-family: 'Times New Roman';"></font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><b><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></b></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif; background: white;"><font style="font-size: 10.0pt;">Lemons procured from third-party growers were <font>25</font>% and <font>23</font>% of lemon supply in the three months ended July 31, 2015 and 2014, respectively and <font>35</font>% and <font>20</font>% of lemon supply in the nine months ended July 31, 2015 and 2014, respectively.</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif; background: white;"><font style="font-size: 10.0pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">The Company sells all of its avocado production to Calavo.</font></p> </div> 0.35 0.25 1514000 3280000 182000 500000 251000 235000 808000 598000 675000 1458000 624000 820000 844000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><b><font style="font-size: 10.0pt; font-family: 'Times New Roman';">10. Accrued Liabilities</font></b><font style="font-size: 10.0pt; font-family: 'Times New Roman';"></font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; text-indent: .5in; font-family: 'times new roman';"><b><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></b><font style="font-size: 10.0pt; font-family: 'Times New Roman';"></font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10.0pt; font-family: 'Times New Roman';">Accrued liabilities consist of the following:</font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; text-indent: .5in; font-family: 'times new roman';"><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></p> <div><div style="display: block;"> <table class="MsoNormalTable" style="border-collapse: collapse; width: 100%;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="padding: 0px; font-family: 'Times New Roman';"></td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong> </strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><b><font style="font-size: 10.0pt; font-family: 'Times New Roman';">July 31, <br/> 2015</font></b></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><b><font style="font-size: 10.0pt; font-family: 'Times New Roman';">October 31, <br/> 2014</font></b></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding: 0px; background: rgb(204, 238, 255);" width="100%"> <p class="MsoNormal" style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Compensation </font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; background: rgb(204, 238, 255);"></td> <td style="padding: 0px 10px 0px 0px; font-size: 10pt; text-align: left; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">$</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background: rgb(204, 238, 255);"><font> 1,514,000 </font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 10px 0px 0px; font-size: 10pt; text-align: left; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">$</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background: rgb(204, 238, 255);"><font>3,280,000</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> </tr> <tr> <td style="padding: 0px; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;" width="100%"> <p class="MsoNormal" style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Property taxes </font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"><font> 182,000 </font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"><font>500,000</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding: 0px; width: 20px; background: rgb(204, 238, 255);" width="100%"> <p class="MsoNormal" style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 13.3333330154419px;">Income taxes</font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; width: 20px; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px; background: rgb(204, 238, 255);"><font>2,969,000</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; width: 20px; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; width: 20px; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; width: 20px; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px; background: rgb(204, 238, 255);"><font>-</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; width: 20px; background: rgb(204, 238, 255);">&#160;</td> </tr> <tr> <td style="padding: 0px; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;" width="100%"> <p class="MsoNormal" style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Interest </font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"><font> 251,000 </font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"><font>235,000</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding: 0px; background: rgb(204, 238, 255);" width="100%"> <p class="MsoNormal" style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Deferred rental income and deposits </font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background: rgb(204, 238, 255);"><font> 808,000 </font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background: rgb(204, 238, 255);"><font>598,000</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> </tr> <tr> <td style="padding: 0px; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;" width="100%"> <p class="MsoNormal" style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Lease expense </font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"><font> 675,000 </font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"><font>1,458,000</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding: 0px; background: rgb(204, 238, 255);" width="100%"> <p class="MsoNormal" style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Lemon supplier payables </font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background: rgb(204, 238, 255);"><font> - </font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background: rgb(204, 238, 255);"><font>624,000</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> </tr> <tr> <td style="padding: 0px; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;" width="100%"> <p class="MsoNormal" style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 13.3333330154419px;">Capital expenditures and other</font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"><font> 820,000 </font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"><font>844,000</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding: 0px; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 10px 0px 0px; font-size: 10pt; text-align: left; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background: rgb(204, 238, 255);">$</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background: rgb(204, 238, 255);"><font> 7,219,000 </font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 10px 0px 0px; font-size: 10pt; text-align: left; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background: rgb(204, 238, 255);">$</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background: rgb(204, 238, 255);"><font>7,539,000</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background: rgb(204, 238, 255);">&#160;</td> </tr> </table> </div></div> </div> Limoneira CO <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><div style="display: block;"> <table class="MsoNormalTable" style="border-collapse: collapse; width: 100%;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="padding: 0px; font-family: 'Times New Roman';"></td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong> </strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="2"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><b><font style="font-size: 10.0pt; font-family: 'Times New Roman';">July 31, <br/> 2015</font></b></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> <td style="border-bottom: #000000 1pt solid !important; padding: 0px;" colspan="6"> <p class="MsoNormal" style="text-align: center; font-family: 'times new roman'; margin-top: 0pt; margin-bottom: 0pt;" align="center"><b><font style="font-size: 10.0pt; font-family: 'Times New Roman';">October 31, <br/> 2014</font></b></p> </td> <td style="padding: 0px; font-family: 'Times New Roman';"><strong>&#160;</strong></td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding: 0px; background: rgb(204, 238, 255);" width="100%"> <p class="MsoNormal" style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Compensation </font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; background: rgb(204, 238, 255);"></td> <td style="padding: 0px 10px 0px 0px; font-size: 10pt; text-align: left; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">$</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background: rgb(204, 238, 255);"><font> 1,514,000 </font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 10px 0px 0px; font-size: 10pt; text-align: left; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">$</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background: rgb(204, 238, 255);"><font>3,280,000</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> </tr> <tr> <td style="padding: 0px; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;" width="100%"> <p class="MsoNormal" style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Property taxes </font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"><font> 182,000 </font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"><font>500,000</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding: 0px; width: 20px; background: rgb(204, 238, 255);" width="100%"> <p class="MsoNormal" style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 13.3333330154419px;">Income taxes</font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; width: 20px; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; width: 20px; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px; background: rgb(204, 238, 255);"><font>2,969,000</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; width: 20px; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; width: 20px; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; width: 20px; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; width: 20px; background: rgb(204, 238, 255);"><font>-</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; width: 20px; background: rgb(204, 238, 255);">&#160;</td> </tr> <tr> <td style="padding: 0px; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;" width="100%"> <p class="MsoNormal" style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Interest </font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"><font> 251,000 </font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"><font>235,000</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding: 0px; background: rgb(204, 238, 255);" width="100%"> <p class="MsoNormal" style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Deferred rental income and deposits </font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background: rgb(204, 238, 255);"><font> 808,000 </font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background: rgb(204, 238, 255);"><font>598,000</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> </tr> <tr> <td style="padding: 0px; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;" width="100%"> <p class="MsoNormal" style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Lease expense </font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"><font> 675,000 </font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"><font>1,458,000</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding: 0px; background: rgb(204, 238, 255);" width="100%"> <p class="MsoNormal" style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 10.0pt;"> Lemon supplier payables </font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background: rgb(204, 238, 255);"><font> - </font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background: rgb(204, 238, 255);"><font>624,000</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> </tr> <tr> <td style="padding: 0px; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;" width="100%"> <p class="MsoNormal" style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-size: 13.3333330154419px;">Capital expenditures and other</font></p> </td> <td style="padding: 0px; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"><font> 820,000 </font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;"><font>844,000</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 1pt !important; border-bottom-style: solid !important; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">&#160;</td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding: 0px; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 10px 0px 0px; font-size: 10pt; text-align: left; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background: rgb(204, 238, 255);">$</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background: rgb(204, 238, 255);"><font> 7,219,000 </font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; background: rgb(204, 238, 255);">&#160;</td> <td style="padding: 0px 10px 0px 0px; font-size: 10pt; text-align: left; vertical-align: bottom; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background: rgb(204, 238, 255);">$</td> <td style="padding: 0px; text-align: right; font-family: 'times new roman'; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background: rgb(204, 238, 255);"><font>7,539,000</font></td> <td style="padding: 0px 5px; white-space: nowrap; font-family: 'Times New Roman'; border-bottom-color: rgb(0, 0, 0) !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background: rgb(204, 238, 255);">&#160;</td> </tr> </table> </div></div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><b><font style="font-size: 10.0pt; font-family: 'Times New Roman';">13. Basic and Diluted Net Income per Share</font></b><font style="font-size: 10.0pt; font-family: 'Times New Roman';"></font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Basic</font>&#160;net income per common share is calculated using the weighted-average number of common shares outstanding during the period without consideration of the dilutive effect of conversion of preferred stock. Diluted net income per common share is calculated using the weighted-average number of common shares outstanding during the period plus the dilutive effect of conversion of preferred stock. The Series B and Series B-2 convertible preferred shares were included in the computation of diluted net income per common share for the three months ended July 31, 2015 because such shares were dilutive. The Series B and Series B-2 convertible preferred shares were excluded from the computation of diluted net income per common share for the nine months ended July 31, 2015 and 2014 because such shares were anti-dilutive.</font></p> </div> 253000 657000 216000 10907 15077 13587 325000 303000 34721 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><b><font style="font-size: 10.0pt; font-family: 'Times New Roman';">18. Stock-based Compensation</font></b><font style="font-size: 10.0pt; font-family: 'Times New Roman';"></font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><b><font style="font-size: 10.0pt; font-family: 'Times New Roman';">&#160;</font></b><font style="font-size: 10.0pt; font-family: 'Times New Roman';"></font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman';"><font style="font-size: 10pt;">As of July 31, 2015, there are <font>7,810</font> shares of common stock issued to employees in connection with a discontinued stock option plan. Such shares are subject to repurchase by the Company and constitute a liability due to the repurchase right. The repurchase obligation of $<font>6,000</font> is included in other long-term liabilities in the Company's consolidated balance sheets at July 31, 2015 and October 31, 2014.</font></font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman';">&#160;</font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company has a stock-based compensation plan (the &#147;Stock Plan&#148;) that allows for the grant of common stock of the Company to members of management based on achievement of certain annual financial performance and other criteria. The number of shares granted is based on a percentage of the employee's base salary divided by the stock price on the grant date. Shares granted under the Stock Plan generally vest over a <font>two</font>&#160;year period</font></font>.</p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman';">&#160;</font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"></font></font><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">During December 2014, <font>42,085</font></font> shares of common stock were granted to management under the Stock Plan for fiscal year 2014 performance, resulting in total compensation expense of approximately $<font>1,071,000</font>, with $<font>367,000</font> recognized in the year ended </font><font style="font-size: 10pt;">October 31, 2014</font><font style="font-size: 10pt;"> and the balance to be recognized over the next <font>two</font> years as the shares vest. During </font><font style="font-size: 10pt;">December 2013</font><font style="font-size: 10pt;">, <font>27,091</font> shares of common stock were granted to management under the Stock Plan for fiscal 2013 performance, resulting in a total compensation expense of approximately $<font>727,000</font>, with $<font>253,000</font> recognized in the year ended </font><font style="font-size: 10pt;">October 31, 2013</font><font style="font-size: 10pt;"> and the balance to be recognized over the next <font>two</font> years as the shares vest. During </font><font style="font-size: 10pt;">December 2012</font><font style="font-size: 10pt;">, <font>34,721</font> shares of common stock were granted to management under the Stock Plan for fiscal year 2012 performance, resulting in total compensation expense of approximately $<font>657,000</font>, with $<font>216,000</font> recognized in the year ended </font><font style="font-size: 10pt;">October 31, 2012</font><font style="font-size: 10pt;"> and the balance to be recognized over the next <font>two</font> years as the shares vest.</font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10pt;"></font><br/></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-size: 10pt;">Stock-based compensation expense is included in selling, general and administrative expense and is recognized over the performance and vesting periods as summarized below:</font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman';">&#160;</font></p> <div> <div style="display: block;"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><br/></p> <div> <div class="CursorPointer" align="center"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 90%; margin-left: 0.100000001490116px; margin-right: 0.1px;"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;"> <p style="margin: 0px;">Performance</p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: center;" align="left" colspan="3">Shares</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: center; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left" colspan="5"> <p style="margin: 0px;"><strong>Three Months Ended</strong></p> <p style="margin: 0px;"><font><strong>July 31,</strong>&#160;</font></p> </td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: center; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left" colspan="5"> <p style="margin: 0px;"><strong>Nine Months Ended</strong><br/></p> <p style="margin: 0px;"><strong>July 31,</strong></p> </td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px;">Year<br/></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left" colspan="3"> <p style="margin: 0px; text-align: center;">Granted</p> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left" colspan="2"><font>2015</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left" colspan="2"><font>2014</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left" colspan="2">2015</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left" colspan="2">2014</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">2012</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>34,721</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left">$</td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>-</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left">$</td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>50,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left">$</td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>33,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left">$</td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>150,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;">2013</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"><font>27,091</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"><font>59,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"><font>59,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"><font>179,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"><font>177,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">2014</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>42,085</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>88,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>142,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>262,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>262,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;">2015</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"><font>-</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"><font>(65,000</font></td> <td align="left">)</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"><font>-</font></td> <td align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"><font>-</font></td> <td align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"><font>-</font></td> <td align="left"></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"></td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;" align="left">$</td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;" align="right"><font>82,000</font></td> <td align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;" align="left">$</td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;" align="right"><font>251,000</font></td> <td align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;" align="left">$</td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;" align="right"><font>474,000</font></td> <td align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;" align="left">$</td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;" align="right"><font>589,000</font></td> <td align="left"></td> </tr> </table> </div> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> </div> </div> <p style="margin: 0in; margin-bottom: .0001pt; font-family: 'times new roman';">&#160;<br/></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">During December 2014 and January 2015, members of management exchanged a total of&#160;<font>10,907</font> shares of common stock with a total market price value of $<font>275,000</font> at the date of the exchanges, for the payment of payroll taxes associated with the vesting of shares under the Stock Plan.</font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; text-indent: .5in; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">During January 2015 and 2014, <font>15,077</font> and <font>13,587</font> shares, respectively, of common stock were granted to the Company's non-employee directors under the Company's stock-based compensation plans. The Company recognized $<font>325,000</font> and $<font>303,000</font> of stock-based compensation to non-employee directors during the nine months ended July 31, 2015 and 2014, respectively.</font></p> <p style="margin: 0in; margin-bottom: .0001pt; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;"></font>&#160;</p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">On June 25, 2015 the Company's board of directors authorized a donation of $<font>100,000</font> of the Company's common stock to the Museum of Ventura County (the &#147;Museum&#148;), a California non-profit corporation. On June 30, 2015, the Company issued <font>4,498</font> unregistered shares of the Company's common stock with a per share value of $<font>22.23</font> at the date of issuance. The donation is to be used by the Museum to establish and operate an agriculture museum in Santa Paula, California depicting the history of agriculture in Ventura County.</font></p> </div> <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="display: block;"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;"><br/></p> <div> <div class="CursorPointer" align="center"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'times new roman', times, serif; width: 90%; margin-left: 0.100000001490116px; margin-right: 0.1px;"> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;"> <p style="margin: 0px;">Performance</p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: center;" align="left" colspan="3">Shares</td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: center; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left" colspan="5"> <p style="margin: 0px;"><strong>Three Months Ended</strong></p> <p style="margin: 0px;"><font><strong>July 31,</strong>&#160;</font></p> </td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: center; width: 20px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left" colspan="5"> <p style="margin: 0px;"><strong>Nine Months Ended</strong><br/></p> <p style="margin: 0px;"><strong>July 31,</strong></p> </td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left">&#160;</td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px;">Year<br/></p> </td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left" colspan="3"> <p style="margin: 0px; text-align: center;">Granted</p> </td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left" colspan="2"><font>2015</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left" colspan="2"><font>2014</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left" colspan="2">2015</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; text-align: center; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left" colspan="2">2014</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left">&#160;</td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">2012</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>34,721</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left">$</td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>-</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left">$</td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>50,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left">$</td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>33,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left">$</td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>150,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;">2013</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"><font>27,091</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"><font>59,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"><font>59,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"><font>179,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"><font>177,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;">2014</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>42,085</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>88,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>142,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>262,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"><font>262,000</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> </tr> <tr style="vertical-align: bottom;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px;">2015</td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="right"><font>-</font></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap;" align="left"></td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"><font>(65,000</font></td> <td align="left">)</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"><font>-</font></td> <td align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"><font>-</font></td> <td align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-width: 1pt !important; border-bottom-style: solid !important; border-bottom-color: #000000 !important;" align="right"><font>-</font></td> <td align="left"></td> </tr> <tr style="vertical-align: bottom; background-color: #cceeff;"> <td style="text-align: center; font-family: 'times new roman'; padding: 0px; background-color: #cceeff;"></td> <td style="text-align: center; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="right"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; background-color: #cceeff;" align="left"></td> <td style="text-align: right; font-family: 'times new roman'; padding: 0px 5px; font-size: 10pt; white-space: nowrap; background-color: #cceeff;">&#160;</td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;" align="left">$</td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;" align="right"><font>82,000</font></td> <td align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;" align="left">$</td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;" align="right"><font>251,000</font></td> <td align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;" align="left">$</td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;" align="right"><font>474,000</font></td> <td align="left"></td> <td style="font-family: 'times new roman'; padding: 0px 5px 0px 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;" align="left">$</td> <td style="font-family: 'times new roman'; padding: 0px; font-size: 10pt; vertical-align: bottom; white-space: nowrap; border-bottom-color: #000000 !important; border-bottom-width: 2.8pt !important; border-bottom-style: double !important; background-color: #cceeff;" align="right"><font>589,000</font></td> <td align="left"></td> </tr> </table> </div> </div> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;">&#160;</p> </div> </div> 7810 6000 1071000 367000 727000 50000 27091 59000 42085 142000 251000 275000 P2Y P2Y P2Y P2Y 42085 27091 34721 33000 150000 59000 179000 177000 88000 262000 262000 -65000 82000 474000 589000 false --10-31 2015-07-31 LMNR 0001342423 2015 Q3 10-Q Accelerated Filer <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify;"><font style="color: black;"><b>Preface</b></font></p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify; text-indent: 0.5in;"><font style="color: black;">&#160;</font></p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify;"><font style="color: black;">The preparation of the unaudited interim consolidated financial statements requires management to make use of estimates and assumptions that affect the reported amount of assets and liabilities, revenue and expenses and certain financial statement disclosures. Actual results may differ from these estimates.</font></p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify; text-indent: 24.5pt;"><font style="color: black;">&#160;</font></p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify;"><font style="color: black;">The unaudited interim consolidated financial statements for the three months and nine months ended July 31, 2015 and 2014 and balance sheet as of July 31, 2015 included herein have not been audited by an independent registered public accounting firm, but in management's opinion, all adjustments (consisting of normal recurring adjustments) necessary to make a fair statement of the financial position at July 31, 2015 and the results of operations and the cash flows for the periods presented herein have been made. The results of operations for the three and nine&#160;months ended July 31, 2015 are not necessarily indicative of the operating results expected for the full fiscal year.</font></p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify;"><font style="color: black;">&#160;</font></p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify;"><font style="color: black;">The consolidated balance sheet at October 31, 2014 included herein has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by U.S. generally accepted accounting principles <font style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333330154419px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: inline !important; float: none;">(&#147;GAAP&#148;)</font>&#160;for complete financial statements.</font></p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify; text-indent: 24.5pt;"><font style="color: black;">&#160;</font></p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify;"><font style="color: black;">The unaudited interim consolidated financial statements included herein have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the &#147;SEC&#148;). Although we believe the disclosures made are adequate to make the information presented not misleading, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules or regulations. These unaudited interim consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Form 10-K for the fiscal year ended October 31, 2014.</font></p> </div> 52 33 2750000 935000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify;"><b><font style="font-size: 10.0pt;">20. Acquisitions and Sale of Property</font></b><br/></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><b><font style="font-size: 10.0pt;">&#160;</font></b><font style="font-size: 10.0pt;"></font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">In July 2015, the Company entered into a purchase agreement to acquire <font>157</font> acres of lemon, orange and specialty citrus orchards in California's San Joaquin Valley, for approximately $<font>3,300,000</font>. The orchards are being acquired pursuant to purchase options contained in certain operating leases the Company has had since 2012 for approximately 1,000 acres of lemon, orange and specialty citrus and other crops, which the Company refers to as the Sheldon Ranch leases. The Company paid a deposit of $<font>50,000</font> and escrow is expected to close in September 2015.</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">&#160;</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">In September 2015, the Company entered into a purchase agreement to acquire <font>757</font> acres of lemon, orange and specialty citrus orchards in California's San Joaquin Valley, for approximately $<font>15,100,000</font>. The orchards are being acquired pursuant to purchase options contained in the Sheldon Ranches operating leases. The Company paid a deposit of $<font>50,000</font> and escrow is expected to close in November 2015.</font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><b><font style="font-size: 10.0pt;">&#160;</font></b><font style="font-size: 10.0pt;"></font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">On August 21, 2015, the Company sold its Wilson Ranch, which is comprised of <font>52</font> acres of land with <font>33</font> acres of avocado orchards located near the City of Fillmore, in Ventura County, California. The sales price was approximately&#160;$<font>2,750,000</font>&#160;and the gain on the sale was $<font>935,000</font>.</font></p> </div> 125000 375000 435000 435000 1301000 100000 100000 700000 435000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify;"><b>8. Note Receivable</b></p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify; text-indent: 0.5in;"><b>&#160;&#160;</b></p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify;">During fiscal year 2004, the Company sold a parcel of land in Morro Bay, California and in connection with the sale; the Company recorded a note receivable of $<font>1,300,000</font>. Total principal and interest due was $<font>819,000</font> and $<font>2,084,000</font> at July 31, 2015 and October 31, 2014, respectively. Interest continues to accrue on the principal balance of the note and was $<font>12,000</font> and $<font>20,000</font> in the three months ended July 31, 2015 and 2014, respectively and $<font>36,000</font> and $<font>59,000</font> in the nine months ended July 31, 2015 and 2014, respectively.</p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px;">&#160;</p> <p style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: justify;">In July 2015, the holder of the note completed the drilling of three water wells at the Company's Windfall Investors, LLC real estate development property. The fair value of the well drilling services was $<font>1,301,000</font> and the Company recorded a non-cash reduction of the note receivable comprised of $<font>820,000</font> in accrued interest and $<font>481,000</font> of principal.</p> </div> 12000 20000 36000 59000 2084000 1300000 1301000 820000 481000 2969000 16000 11000 41000 15000 415000 555000 567000 555000 259000 0 53000 100000 4498 22.23 157 3300000 757 15100000 50000 50000 <div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><b><font style="font-size: 10.0pt;">21. East Area 1 Joint Venture Development Agreement</font></b><font style="font-size: 10.0pt;"></font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><b><font style="font-size: 10.0pt;">&#160;</font></b><font style="font-size: 10.0pt;"></font></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; font-size: 12pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10.0pt;">In September 2015, the Company entered into a Contribution Agreement with an affiliate of Lewis Operating Corp. (&#147;Lewis&#148;), a Southern California land developer, that facilitates upon the completion of certain conditions, the formation of a joint venture for the purpose of developing the Company's East Area 1 real estate development project (the &#147;Joint Venture&#148;). The Company was paid a $<font>2,000,000</font> deposit upon entering into the Contribution Agreement. Conditions necessary to close the transaction and form the Joint Venture include approval by the City of Santa Paula of an amendment to the East Area 1 tentative tract map, assignment of various development rights and obligations by the Company to the Joint Venture, completion of a legal parcel map and contribution of the East Area 1 property to the Joint Venture and the payment by Lewis of $<font>18,000,000</font>, comprising total consideration of $<font>20,000,000</font> for a <font>50</font>% interest in the Joint Venture. The Contribution Agreement also includes an agricultural lease that allows the Company to continue farming the property during the phased build-out of the project. The Joint Venture partners will share equally in capital contributions to fund project costs until project loan proceeds and or revenues are sufficient to fund the project. In addition, upon closing the transaction, the Company is expected to incur a minimum Capital Placement fee to a consultant&#160;of approximately $<font>500,000</font>&#160;plus <font>2</font>% of the initial land value received by the Company in excess of $<font>100,000,000</font>&#160;to be earned on&#160;the successful closing of the Joint Venture transaction.</font></p> </div> 18000000 20000000 0.50 2000000 100000000 500000 0.23 0.20 119000 44000 40000 367000 396000 0.02