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Information regarding our operations in different segments
 3 Months Ended
Jan. 31, 2012
Information regarding our operations in different segments [Abstract]  
Information regarding our operations in different segments
2. Information regarding our operations in different segments

We report our operations in two different business segments: Fresh products and Calavo Foods. These two business segments are presented based on how information is used by our Chief Executive Officer to measure performance and allocate resources. The Fresh products segment includes all operations that involve the distribution of avocados and other fresh produce products. The Calavo Foods segment represents all operations related to the purchase, manufacturing, and distribution of prepared products, including guacamole, tortilla chips, salsa, fresh-cut fruit, ready-to-eat vegetables, recipe-ready vegetables and deli meat products. Additionally, selling, general and administrative expenses, as well as other non-operating income/expense items, are evaluated by our Chief Executive Officer in the aggregate. We do not allocate assets, or specifically identify them to, our operating segments. The following table sets forth sales by product category, by segment (in thousands):

 

                                                 
    Three months ended January 31, 2012     Three months ended January 31, 2011  
    Fresh
products		     Calavo
Foods (1)		     Total     Fresh
products		     Calavo
Foods		     Total  

Third-party sales:

                                                

Avocados

   $ 64,120     $ —       $ 64,120     $ 69,648     $ —       $ 69,648  

Papayas

     3,493       —         3,493       3,417       —         3,417  

Tomatoes

     2,200       —         2,200       6,917       —         6,917  

Pineapples

     1,253       —         1,253       1       —         1  

Other Fresh products

     284       —         284       913       —         913  

Calavo Foods — food service

     —         8,406       8,406       —         8,478       8,478  

Calavo Foods — retail and club (1)

     —         40,124       40,124       —         4,209       4,209  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total gross sales

     71,350       48,530       119,880       80,896       12,687       93,583  

Less sales incentives

     (214 )      (2,272 )      (2,486 )      (240 )      (2,024 )      (2,264 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net sales

   $ 71,136     $ 46,258     $ 117,394     $ 80,656     $ 10,663     $ 91,319  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) Three months ended January 31, 2012, includes net sales of $35.0 million related to Renaissance Food Group, LLC (RFG).

 

                         
    Fresh
products		     Calavo
Foods (1)		     Total  
    (All amounts are presented in thousands)  

Three months ended January 31, 2012

                        

Net sales

   $ 71,136     $ 46,258     $ 117,394  

Cost of sales

     65,024       40,325       105,349  
   

 

 

    

 

 

    

 

 

  

Gross margin

   $ 6,112     $ 5,933     $ 12,045  
   

 

 

    

 

 

    

 

 

  

Three months ended January 31, 2011

                        

Net sales

   $ 80,656     $ 10,663     $ 91,319  

Cost of sales

     74,538       8,112       82,650  
   

 

 

    

 

 

    

 

 

  

Gross margin

   $ 6,118     $ 2,551     $ 8,669  
   

 

 

    

 

 

    

 

 

  

 

(1) Three months ended January 31, 2012, includes net sales and gross margins of $35.0 million and $2.5 million related to RFG.

For the three months ended January 31, 2012 and 2011, inter-segment sales and cost of sales for Fresh products totaling $5.0 million and $4.3 million were eliminated in consolidation. For three months ended January 31, 2012 and 2011, inter-segment sales and cost of sales for Calavo Foods totaling $2.9 million were eliminated in consolidation.