XML 27 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
Related-Party Transactions
12 Months Ended
Oct. 31, 2011
Related-Party Transactions [Abstract]  
Related-Party Transactions

9. 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 years ended October 31, 2011, 2010, and 2009, the aggregate amount of avocados procured from entities owned or controlled by members of our Board of Directors was $18.6 million, $23.9 million and $7.2 million. Accounts payable to these Board members was $0.1 million and $1.3 million as of October 31, 2011, and 2010.

During fiscal 2011, 2010 and 2009, we received $0.2 million, $0.2 million, and $0.1 million as dividend income from Limoneira.

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. LIG is majority owned by an entity owned by such three executives of RFG. For the year ended October 31, 2011, since the acquisition of RFG, total rent paid to LIG was $0.2 million. 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). Third Coast is majority owned by an entity owned by such three executives of RFG. For the year ended October 31, 2011, total sales made to Third Coast were $1.1 million. For the year ended October 31, 2011, total purchases made from Third Coast were $0.4 million. Amounts due from Third Coast were $0.3 million as of October 31, 2011. Amounts due to Third Coast were $0.2 million as of October 31, 2011.