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Information Regarding Our Operations in Different Segments
 9 Months Ended
Jul. 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

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):

 

                                                                 
    Nine months ended July 31, 2012     Nine months ended July 31, 2011  
    Fresh
products		     Calavo
Foods		     RFG     Total     Fresh
products		     Calavo
Foods		     RFG (1)     Total  

Third-party sales:

                                                                

Avocados

   $ 232,976     $ —       $ —       $ 232,976     $ 281,503     $ —       $ —       $ 281,503  

Tomatoes

     11,426       —         —         11,426       23,894       —         —         23,894  

Papayas

     9,488       —         —         9,488       9,637       —         —         9,637  

Pineapples

     5,066       —         —         5,066       1,706       —         —         1,706  

Other fresh products

     1,357       —         —         1,357       2,384       —         —         2,384  

Food service

     —         27,199       —         27,199       —         27,830       —         27,830  

Retail and club

     —         15,012       115,111       130,123       —         12,906       22,842       35,748  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total gross sales

     260,313       42,211       115,111       417,635       319,124       40,736       22,842       382,702  

Less sales incentives

     (705 )      (7,363 )      —         (8,068 )      (783 )      (6,739 )      —         (7,522 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net sales

   $ 259,608     $ 34,848     $ 115,111     $ 409,567     $ 318,341     $ 33,997     $ 22,842     $ 375,180  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) As the acquisition for RFG was completed on June 1, 2011, only two months are included in prior year’s nine months ended July 31, 2011.

 

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

Third-party sales:

                                                                

Avocados

   $ 91,898     $ —       $ —       $ 91,898     $ 121,210     $ —       $ —       $ 121,210  

Tomatoes

     280       —         —         280       3,782       —         —         3,782  

Papayas

     2,853       —         —         2,853       3,249       —         —         3,249  

Pineapples

     1,849       —         —         1,849       1,112       —         —         1,112  

Other fresh products

     164       —         —         164       878       —         —         878  

Food service

     —         9,877       —         9,877       —         10,040       —         10,040  

Retail and club

     —         5,245       44,074       49,319       —         4,752       22,842       27,594  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total gross sales

     97,044       15,122       44,074       156,240       130,231       14,792       22,842       167,865  

Less sales incentives

     (304 )      (2,755 )      —         (3,059 )      (196 )      (2,528 )      —         (2,724 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net sales

   $ 96,740     $ 12,367     $ 44,074     $ 153,181     $ 130,035     $ 12,264     $ 22,842     $ 165,141  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

(1)

As the acquisition for RFG was completed on June 1, 2011, only two months are included in prior year’s quarter end July 31, 2011.

 

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

Nine months ended July 31, 2012

                                

Net sales

   $ 259,608     $ 34,848     $ 115,111     $ 409,567  

Cost of sales

     236,719       24,030       106,008       366,757  
   

 

 

    

 

 

    

 

 

    

 

 

  

Gross margin

   $ 22,889     $ 10,818     $ 9,103     $ 42,810  
   

 

 

    

 

 

    

 

 

    

 

 

  

Nine months ended July 31, 2011

                                

Net sales

   $ 318,341     $ 33,997     $ 22,842     $ 375,180  

Cost of sales

     294,710       29,910       21,457       346,077  
   

 

 

    

 

 

    

 

 

    

 

 

  

Gross margin

   $ 23,631     $ 4,087     $ 1,385     $ 29,103  
   

 

 

    

 

 

    

 

 

    

 

 

  

For the nine months ended July 31, 2012 and 2011, inter-segment sales and cost of sales for Fresh products totaling $14.8 million and $11.7 million were eliminated. For the nine months ended July 31, 2012 and 2011, inter-segment sales and cost of sales for Calavo Foods totaling $8.4 million and $8.5 million were eliminated.

 

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

Three months ended July 31, 2012

                                

Net sales

   $ 96,740     $ 12,367     $ 44,074     $ 153,181  

Cost of sales

     87,785       8,876       40,307       136,968  
   

 

 

    

 

 

    

 

 

    

 

 

  

Gross margin

   $ 8,955     $ 3,491     $ 3,767     $ 16,213  
   

 

 

    

 

 

    

 

 

    

 

 

  

Three months ended July 31, 2011

                                

Net sales

   $ 130,035     $ 12,264     $ 22,842     $ 165,141  

Cost of sales

     119,926       12,519       21,457       153,902  
   

 

 

    

 

 

    

 

 

    

 

 

  

Gross margin

   $ 10,109     $ (255 )    $ 1,385     $ 11,239  
   

 

 

    

 

 

    

 

 

    

 

 

  

For the three months ended July 31, 2012 and 2011, inter-segment sales and cost of sales for Fresh products totaling $3.5 million and $3.2 million were eliminated. For the three months ended July 31, 2012 and 2011, inter-segment sales and cost of sales for Calavo Foods totaling $2.6 million and $2.7 million were eliminated.