Noncontrolling interest

3 Months Ended

Jan. 31, 2014

9.	Noncontrolling interest

The following table reconciles shareholders’ equity attributable to noncontrolling interest related to the Salsa Lisa acquisition and FreshRealm, LLC (in thousands).


Salsa Lisa noncontrolling interest	Three months ended January 31, 2014			Three months ended January 31, 2013
Noncontrolling interest, beginning	$	121		$	357
Loss attributable to noncontrolling interest of Salsa Lisa		(190	)		(26	)

Noncontrolling interest, ending	$	(69	)	$	331


FreshRealm noncontrolling interest	Three months ended January 31, 2014			Three months ended January 31, 2013
Noncontrolling interest, beginning	$	(6	)	$	—
Loss attributable to noncontrolling interest of FreshRealm		(310	)		—

Noncontrolling interest, ending	$	(316	)	$	—

Since it has not commenced principal operations, FreshRealm is currently considered a developmental stage entity. For the three months ended January 31, 2014, FreshRealm has incurred $0.5 million in expenses, which has been recorded in selling, general and administrative. Since its creation, FreshRealm has had $2.4 million in cumulative losses.

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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