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Information regarding our operations in different segments
 6 Months Ended
Apr. 30, 2012
Information regarding our operations in different segments [Abstract]  
Information regarding our operations in different segments

2.    Information regarding our operations in different segments

As discussed in footnote 1, we now report our operations in three different business segments: (1) Fresh products, (2) Calavo Foods, and (3) RFG. These three 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 and salsa. The RFG segment represents all operations related to the manufacturing and distribution of fresh-cut fruit, ready-to-eat vegetables, recipe-ready vegetables and deli meat products. 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):

 

                                                                 
    Six months ended April 30, 2012     Six months ended April 30, 2011  
    Fresh
products		     Calavo
Foods		     RFG     Total     Fresh
products		     Calavo
Foods		     RFG     Total  

Third-party sales:

                                                                

Avocados

   $ 141,078     $ —       $ —       $ 141,078     $ 160,293     $ —       $ —       $ 160,293  

Tomatoes

     11,146       —         —         11,146       20,112       —         —         20,112  

Papayas

     6,635       —         —         6,635       6,388       —         —         6,388  

Pineapples

     3,217       —         —         3,217       594       —         —         594  

Other fresh products

     1,193       —         —         1,193       1,506       —         —         1,506  

Food service

     —         17,322       —         17,322       —         17,790       —         17,790  

Retail and club

     —         9,767       71,037       80,804       —         8,154       —         8,154  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total gross sales

     163,269       27,089       71,037       261,395       188,893       25,944       —         214,837  

Less sales incentives

     (401 )      (4,608 )      —         (5,009 )      (587 )      (4,211 )      —         (4,798 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net sales

   $ 162,868     $ 22,481     $ 71,037     $ 256,386     $ 188,306     $ 21,733     $ —       $ 210,039  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

                                                                 
    Three months ended April 30, 2012     Three months ended April 30, 2011  
    Fresh
products		     Calavo
Foods		     RFG     Total     Fresh
products		     Calavo
Foods		     RFG     Total  

Third-party sales:

                                                                

Avocados

   $ 76,958     $ —       $ —       $ 76,958     $ 90,645     $ —       $ —       $ 90,645  

Tomatoes

     8,946       —         —         8,946       13,195       —         —         13,195  

Papayas

     3,142       —         —         3,142       2,971       —         —         2,971  

Pineapples

     1,964       —         —         1,964       593       —         —         593  

Other fresh products

     909       —         —         909       593       —         —         593  

Food service

     —         8,916       —         8,916       —         9,312       —         9,312  

Retail and club

     —         4,622       36,058       40,680       —         3,945       —         3,945  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total gross sales

     91,919       13,538       36,058       141,515       107,997       13,257       —         121,254  

Less sales incentives

     (187 )      (2,336 )      —         (2,523 )      (347 )      (2,187 )      —         (2,534 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net sales

   $ 91,732     $ 11,202     $ 36,058     $ 138,992     $ 107,650     $ 11,070     $ —       $ 118,720  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

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

Six months ended April 30, 2012

                                

Net sales

   $ 162,868     $ 22,481     $ 71,037     $ 256,386  

Cost of sales

     148,934       15,154       65,701       229,789  
   

 

 

    

 

 

    

 

 

    

 

 

  

Gross margin

   $ 13,934     $ 7,327     $ 5,336     $ 26,597  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Six months ended April 30, 2011

                                

Net sales

   $ 188,306     $ 21,733     $ —       $ 210,039  

Cost of sales

     174,784       17,391       —         192,175  
   

 

 

    

 

 

    

 

 

    

 

 

  

Gross margin

   $ 13,522     $ 4,342     $ —       $ 17,864  
   

 

 

    

 

 

    

 

 

    

 

 

  

For the six months ended April 30, 2012 and 2011, inter-segment sales and cost of sales for Fresh products totaling $11.3 million and $8.6 million were eliminated. For the six months ended April 30, 2012 and 2011, inter-segment sales and cost of sales for Calavo Foods totaling $5.8 million were eliminated.

 

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

Three months ended April 30, 2012

                                

Net sales

   $ 91,732     $ 11,202     $ 36,058     $ 138,992  

Cost of sales

     83,767       7,283       33,247       124,297  
   

 

 

    

 

 

    

 

 

    

 

 

  

Gross margin

   $ 7,965     $ 3,919     $ 2,811     $ 14,695  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Three months ended April 30, 2011

                                

Net sales

   $ 107,650     $ 11,070     $ —       $ 118,720  

Cost of sales

     100,107       9,279       —         109,386  
   

 

 

    

 

 

    

 

 

    

 

 

  

Gross margin

   $ 7,543     $ 1,791     $ —       $ 9,334  
   

 

 

    

 

 

    

 

 

    

 

 

  

For the three months ended April 30, 2012 and 2011, inter-segment sales and cost of sales for Fresh products totaling $6.3 million and $4.3 million were eliminated. For the three months ended April 30, 2012 and 2011, inter-segment sales and cost of sales for Calavo Foods totaling $2.9 million and $2.8 million were eliminated.