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Related party transactions
6 Months Ended
Apr. 30, 2013
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 April 30, 2013 and 2012, the aggregate amount of avocados procured from entities owned or controlled by members of our Board of Directors was $6.1 million and $1.8 million. During the six months ended April 30, 2013 and 2012, the aggregate amount of avocados procured from entities owned or controlled by members of our Board of Directors was $6.4 million and $2.1 million. Amounts payable to these board members were $ 2.2 million and $0.3 million as of April 30, 2013 and October 31, 2012.

During the three and six months ended April 30, 2013 and 2012, we received $0.1 million as dividend income from Limoneira Company (Limoneira).

On April 10, 2013, we repurchased 165,000 shares of our common stock from Limoneira at a purchase price of $29.02 per share, the closing price on April 10, 2013. The total amount wired to Limoneira was $4.8 million. These shares were cancelled and returned to authorized, but unissued, status.

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 three months ended April 30, 2013 and 2012, total rent paid to LIG was $0.1 million. For the six months ended April 30, 2013 and 2012, total rent paid to LIG was $0.3 million. RFG’s Texas operating facility leases a building from THNC, LLC (THNC) pursuant to an operating lease. THNC is majority owned by an entity owned by such three executives of RFG. For the three months ended April 30, 2013, total rent paid to THNC was $0.1 million. For the six months ended April 30, 2013, total rent paid to THNC 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 three months ended April 30, 2013 and 2012, total sales made to Third Coast were $0.6 million and $0.7 million. For the six months ended April 30, 2013 and 2012, total sales made to Third Coast were $1.6 million and $1.5 million. For the three months April 30, 2013 and 2012, total purchases made from Third Coast were $0.2 million and $0.5 million. For the six months April 30, 2013 and 2012, total purchases made from Third Coast were $1.0 million. Amounts due from Third Coast were $0.8 million at April 30, 2013 and October 31, 2012. Amounts due to Third Coast were $0.1 million at October 31, 2012.