Segment Information The Company operates in six reportable operating segments: fresh lemons, lemon packing, avocados, other agribusiness, 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 fresh lemons segment includes sales, farming and harvesting expenses and third-party grower costs relative to fresh lemons. The lemon packing segment includes packing revenues and shipping and handling revenues relative to lemon packing. The lemon packing segment expenses are comprised of lemon packing costs. The lemon packing segment revenues include inter-segment revenues between fresh lemons and lemon packing. The inter-segment revenues are included gross in the segment note and a separate line item is shown as an elimination. The avocados segment includes sales, farming and harvest costs. The other agribusiness segment includes sales, farming and harvest costs of oranges, specialty citrus and other crops. The rental operations segment includes housing and commercial rental operations, leased land and organic recycling. The real estate development segment includes real estate development operations. The Company does not separately allocate depreciation and amortization to its fresh lemons, lemon packing, avocados and other agribusiness segments. 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 Companys chief operating decision maker. The Company measures operating performance, including revenues and operating income, of its operating segments and allocates resources based on its evaluation. The Company does not allocate selling, general and administrative expense, other income, interest expense and income taxes, or specifically identify them to its operating segments. The Company earns packing revenue for packing lemons grown on its orchards and lemons procured from third-party growers. Intersegment revenues represent packing revenues related to lemons grown on the Companys orchards. Prior to October 31, 2017, the Company combined its fresh lemons and lemon packing segments into one reportable segment called lemon operations. During 2017, following the completion and start-up activities of its new lemon packinghouse in 2016, the Company and its chief operating decision maker have emphasized the strategic importance and financial performance of its lemon packing operations and expanded processing volume with a focus on increasing the quantity of lemons procured from third-party growers. As a result, during the fourth quarter of 2017, the Company separated its lemon operations segment into two segments: fresh lemons and lemon packing. This change was made to align operating segments with the basis that the chief operating decision maker uses to review financial information to make decisions, assess performance, develop strategy and allocate capital resources. Additionally, the Company determined that avocados, which was previously aggregated in the other agribusiness segment, should be a separate reportable segment based upon the Companys chief operating decision makers review of its operating results. Segment information for fiscal year 2019 (in thousands): Fresh Lemons (1) Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 134,342 $ 15,629 $  $ 5,391 $ 11,187 $ 166,549 $ 4,849 $  $  $ 171,398 Intersegment revenue  30,073 (30,073 )        Total net revenues 134,342 45,702 (30,073 ) 5,391 11,187 166,549 4,849   171,398 Costs and expenses 120,998 37,639 (30,073 ) 3,150 13,035 144,749 3,552 128 19,850 168,279 Depreciation and amortization      7,623 759  251 8,633 Operating income (loss) $ 13,344 $ 8,063 $  $ 2,241 $ (1,848 ) $ 14,177 $ 538 $ (128 ) $ (20,101 ) $ (5,514 ) 23. Segment Information (continued) Segment information for fiscal year 2018 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 94,840 $ 8,990 $  $ 6,576 $ 13,938 $ 124,344 $ 5,048 $  $  $ 129,392 Intersegment revenue  19,971 (19,971 )        Total net revenues 94,840 28,961 (19,971 ) 6,576 13,938 124,344 5,048  129,392 Costs and expenses 74,809 23,071 (19,971 ) 4,399 9,531 91,839 3,307 1,685 15,800 112,631 Depreciation and amortization      6,244 778  253 7,275 Operating income $ 20,031 $ 5,890 $  $ 2,177 $ 4,407 $ 26,261 $ 963 $ (1,685 ) $ (16,053 ) $ 9,486 Segment information for fiscal year 2017 (in thousands): Fresh Lemons Lemon Packing Eliminations Avocados Other Agribusiness Total Agribusiness Rental Operations Real Estate Development Corporate and Other Total Revenues from external customers $ 85,439 $ 8,760 $  $ 9,522 $ 12,148 $ 115,869 $ 5,440 $  $  $ 121,309 Intersegment revenue  19,156 (19,156 )        Total net revenues 85,439 27,916 (19,156 ) 9,522 12,148 115,869 5,440   121,309 Costs and expenses 67,414 21,567 (19,156 ) 4,136 11,712 85,673 3,170 405 13,731 102,979 Depreciation and amortization      5,489 762  216 6,467 Operating income $ 18,025 $ 6,349 $  $ 5,386 $ 436 $ 24,707 $ 1,508 $ (405 ) $ (13,947 ) $ 11,863 23. Segment Information (continued) The following table sets forth revenues by category, by segment for fiscal years 2019 , 2018 and 2017 (in thousands): Year Ended October 31, 2019 2018 2017 Fresh lemon $ 134,342 $ 94,840 $ 85,439 Lemon packing 45,702 28,961 27,916 Intersegment revenue (30,073 ) (19,971 ) (19,156 ) Lemon revenues 149,971 103,830 94,199 Avocados 5,391 6,576 9,522 Navel and Valencia oranges 6,022 8,884 7,099 Specialty citrus and other crops 5,165 5,054 5,049 Other agribusiness revenues 11,187 13,938 12,148 Agribusiness revenues 166,549 124,344 115,869 Residential and commercial rentals 3,544 3,472 3,589 Leased land 951 1,252 1,440 Organic recycling and other 354 324 411 Rental operations revenues 4,849 5,048 5,440 Real estate development revenues    Total revenues $ 171,398 $ 129,392 $ 121,309 (1) During the first quarter of fiscal 2019, the Company adopted a comprehensive new revenue recognition standard using a modified retrospective method that does not restate prior periods to be comparable to the current period presentation. The adoption of this guidance primarily impacted the presentation of certain brokered fruit sales revenue received and the related cost of fruit incurred by us. The adoption of this guidance resulted in additional revenue and costs and expenses within our fresh lemon segment of $8,800,000 , respectively, during the fiscal year 2019. See Note 2 - Summary of Significant Accounting Policies for additional information.