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Information regarding our operations in different segments
 6 Months Ended
Apr. 30, 2013
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 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 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. Since it hasn’t commenced operations, FreshRealm is currently considered a developmental stage entity. Once principal operations commence, FreshRealm is expected to become our fourth segment. 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 April 30, 2013     Three months ended April 30, 2012  
    Fresh
products		     Calavo
Foods		     RFG     Total     Fresh
products		     Calavo
Foods		     RFG     Total  

Third-party sales:

                                                                

Avocados

   $ 95,203     $ —       $ —       $ 95,203     $ 76,958     $ —       $ —       $ 76,958  

Tomatoes

     12,375       —         —         12,375       8,946       —         —         8,946  

Papayas

     3,146       —         —         3,146       3,142       —         —         3,142  

Pineapples

     2,152       —         —         2,152       1,964       —         —         1,964  

Other fresh products

     150       —         —         150       909       —         —         909  

Food service

     —         10,578       —         10,578       —         8,916       —         8,916  

Retail and club

     —         4,311       42,388       46,699       —         4,622       36,814       41,436  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total gross sales

     113,026       14,889       42,388       170,303       91,919       13,538       36,814       142,271  

Less sales incentives

     (538 )      (2,685 )      (744 )      (3,967 )      (187 )      (2,336 )      (756 )      (3,279 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net sales

   $ 112,488     $ 12,204     $ 41,644     $ 166,336     $ 91,732     $ 11,202     $ 36,058     $ 138,992  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

                                                                 
    Six months ended April 30, 2013     Six months ended April 30, 2012  
    Fresh
products		     Calavo
Foods		     RFG     Total     Fresh
products		     Calavo
Foods		     RFG     Total  

Third-party sales:

                                                                

Avocados

   $ 169,285     $ —       $ —       $ 169,285     $ 141,078     $ —       $ —       $ 141,078  

Tomatoes

     19,336       —         —         19,336       11,146       —         —         11,146  

Papayas

     6,380       —         —         6,380       6,635       —         —         6,635  

Pineapples

     3,171       —         —         3,171       3,217       —         —         3,217  

Other fresh products

     213       —         —         213       1,193       —         —         1,193  

Food service

     —         20,502       —         20,502       —         17,322       —         17,322  

Retail and club

     —         8,971       85,666       94,637       —         9,767       72,542       82,309  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total gross sales

     198,385       29,473       85,666       313,524       163,269       27,089       72,542       262,900  

Less sales incentives

     (830 )      (5,339 )      (1,520 )      (7,689 )      (401 )      (4,608 )      (1,505 )      (6,514 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net sales

   $ 197,555     $ 24,134     $ 84,146     $ 305,835     $ 162,868     $ 22,481     $ 71,037     $ 256,386  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

 

                                 
    Fresh
products		     Calavo
Foods		     RFG     Total  

Three months ended April 30, 2013

                                

Net sales

   $ 112,488     $ 12,204     $ 41,644     $ 166,336  

Cost of sales

     108,422       7,901       38,477       154,800  
   

 

 

    

 

 

    

 

 

    

 

 

  

Gross margin

   $ 4,066     $ 4,303     $ 3,167     $ 11,536  
   

 

 

    

 

 

    

 

 

    

 

 

  

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  
   

 

 

    

 

 

    

 

 

    

 

 

  

For the three months ended April 30, 2013 and 2012, inter-segment sales and cost of sales for Fresh products totaling $8.8 million and $6.3 million were eliminated. For the three months ended April 30, 2013 and 2012, inter-segment sales and cost of sales for Calavo Foods totaling $3.4 million and $2.9 million were eliminated.

 

                                 
    Fresh
products		     Calavo
Foods		     RFG     Total  

Six months ended April 30, 2013

                                

Net sales

   $ 197,555     $ 24,134     $ 84,146     $ 305,835  

Cost of sales

     186,720       16,743       77,712       281,175  
   

 

 

    

 

 

    

 

 

    

 

 

  

Gross margin

   $ 10,835     $ 7,391     $ 6,434     $ 24,660  
   

 

 

    

 

 

    

 

 

    

 

 

  

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  
   

 

 

    

 

 

    

 

 

    

 

 

  

For the six months ended April 30, 2013 and 2012, inter-segment sales and cost of sales for Fresh products totaling $18.5 million and $11.3 million were eliminated. For the six months ended April 30, 2013 and 2012, inter-segment sales and cost of sales for Calavo Foods totaling $6.5 million and $5.8 million were eliminated.