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Information regarding our operations in different segments
 9 Months Ended
Jul. 31, 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 has not commenced principal operations, FreshRealm, LLC (FreshRealm) is currently considered a developmental stage entity. Once principal operations commence, FreshRealm is expected to become our fourth segment. See Note 10 for further discussion. 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 July 31, 2013     Three months ended July 31, 2012  
    Fresh
     products    		     Calavo
  Foods   		        RFG             Total         Fresh
     products    		     Calavo
  Foods   		        RFG             Total      

Third-party sales:

                                                                

Avocados

   $ 117,450     $ —       $ —       $ 117,450     $ 91,898     $ —       $ —       $ 91,898  

Tomatoes

     3,334       —         —         3,334       280       —         —         280  

Papayas

     3,179       —         —         3,179       2,853       —         —         2,853  

Pineapples

     1,799       —         —         1,799       1,849       —         —         1,849  

Other fresh products

     184       —         —         184       164       —         —         164  

Food service

     —         11,762       —         11,762       —         9,877       —         9,877  

Retail and club

     —         5,466       55,970       61,436       —         5,245       44,998       50,243  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total gross sales

     125,946       17,228       55,970       199,144       97,044       15,122       44,998       157,164  

Less sales incentives

     (312 )      (2,685 )      (1,204 )      (4,201 )      (304 )      (2,755 )      (924 )      (3,983 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net sales

   $ 125,634     $ 14,543     $ 54,766     $ 194,943     $ 96,740     $ 12,367     $ 44,074     $ 153,181  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

                                                                 
    Nine months ended July 31, 2013     Nine months ended July 31, 2012  
    Fresh
     products    		     Calavo
  Foods   		        RFG             Total         Fresh
     products    		     Calavo
  Foods   		        RFG             Total      

Third-party sales:

                                                                

Avocados

   $ 286,735     $ —       $ —       $ 286,735     $ 232,976     $ —       $ —       $ 232,976  

Tomatoes

     22,670       —         —         22,670       11,426       —         —         11,426  

Papayas

     9,559       —         —         9,559       9,488       —         —         9,488  

Pineapples

     4,970       —         —         4,970       5,066       —         —         5,066  

Other fresh products

     397       —         —         397       1,357       —         —         1,357  

Food service

     —         32,264       —         32,264       —         27,199       —         27,199  

Retail and club

     —         14,437       141,636       156,073       —         15,012       117,540       132,552  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total gross sales

     324,331       46,701       141,636       512,668       260,313       42,211       117,540       420,064  

Less sales incentives

     (1,142 )      (8,024 )      (2,724 )      (11,890 )      (705 )      (7,363 )      (2,429 )      (10,497 ) 
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net sales

   $ 323,189     $ 38,677     $ 138,912     $ 500,778     $ 259,608     $ 34,848     $ 115,111     $ 409,567  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

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

Three months ended July 31, 2013

                                

Net sales

   $ 125,634     $ 14,543     $ 54,766     $ 194,943  

Cost of sales

     116,363       9,860       50,642       176,865  
   

 

 

    

 

 

    

 

 

    

 

 

  

Gross margin

   $ 9,271     $ 4,683     $ 4,124     $ 18,078  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

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  
   

 

 

    

 

 

    

 

 

    

 

 

  

For the three months ended July 31, 2013 and 2012, inter-segment sales and cost of sales for Fresh products totaling $5.5 million and $3.5 million were eliminated. For the three months ended July 31, 2013 and 2012, inter-segment sales and cost of sales for Calavo Foods totaling $4.1 million and $2.6 million were eliminated.

 

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

Nine months ended July 31, 2013

                                

Net sales

   $ 323,189     $ 38,677     $ 138,912     $ 500,778  

Cost of sales

     303,083       26,603       128,354       458,040  
   

 

 

    

 

 

    

 

 

    

 

 

  

Gross margin

   $ 20,106     $ 12,074     $ 10,558     $ 42,738  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

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  
   

 

 

    

 

 

    

 

 

    

 

 

  

For the nine months ended July 31, 2013 and 2012, inter-segment sales and cost of sales for Fresh products totaling $24.1 million and $14.8 million were eliminated. For the nine months ended July 31, 2013 and 2012, inter-segment sales and cost of sales for Calavo Foods totaling $10.5 million and $8.4 million were eliminated.