XML 29 R11.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Related party transactions
 9 Months Ended
Jul. 31, 2011
Related party transactions [Abstract]  
Related party transactions
4. Related party transactions
     Certain members of our Board of Directors market avocados through Calavo pursuant to marketing agreements substantially similar to the marketing agreements that we enter into with other growers. During the three months ended July 31, 2011 and 2010, the aggregate amount of avocados procured from entities owned or controlled by members of our Board of Directors was $10.2 million and $11.5 million. During the nine months ended July 31, 2011 and 2010, the aggregate amount of avocados procured from entities owned or controlled by members of our Board of Directors was $13.7 million and $16.1 million. Amounts payable to these board members were $4.7 million and $1.3 million as of July 31, 2011 and October 31, 2010.
     During the three months ended July 31, 2011 and 2010, we received $0.1 million as dividend income from Limoneira Company. During the nine months ended July 31, 2011 and 2010, we received $0.2 million as dividend income from Limoneira Company.
     The three previous owners and current executives of RFG have a majority ownership of certain entities that provide various services to RFG. RFG’s California operating facility leases a building from LIG partners, LLC (LIG) pursuant to an operating lease. For the two months ended July 31, 2011, since the acquisition of RFG, total rent paid to LIG was $0.1 million. LIG is majority owned by an entity owned by such three executives of RFG. Additionally, RFG sells cut produce and purchases raw materials, obtains transportation services, and shares costs for certain utilities with Third Coast Fresh Distribution (Third Coast). For the two months ended July 31, 2011, total sales made to Third Coast were $0.3 million. For the two months ended July 31, 2011, total purchases made from Third Coast were $0.2 million. Amounts due from Third Coast were $0.1 million as of July 31, 2011. Third Coast is majority owned by an entity owned by such three executives of RFG.