Noncontrolling interest

9 Months Ended

Jul. 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 July 31, 2014			Three months ended July 31, 2013

Noncontrolling interest, beginning	$	(104	)	$	311
Net loss attributable to noncontrolling interest		(42	)		(17	)

Noncontrolling interest, ending	$	(146	)	$	294


	Nine months ended July 31, 2014			Nine months ended July 31, 2013

Noncontrolling interest, beginning	$	121		$	357
Net loss attributable to noncontrolling interest		(267	)		(63	)

Noncontrolling interest, ending	$	(146	)	$	294


FreshRealm noncontrolling interest	Three months ended July 31, 2014			Three months ended July 31, 2013

Noncontrolling interest, beginning	$	4,031		$	—
Retroactive net loss attributable to noncontrolling interest FreshRealm		—			(257	)
Deconsolidation of FreshRealm		(4,031	)		—

Noncontrolling interest, ending	$	—		$	(257	)


	Nine months ended July 31, 2014			Nine months ended July 31, 2013

Noncontrolling interest, beginning	$	(6	)	$	—
New member contribution		4,610			—
Retroactive net loss attributable to noncontrolling interest FreshRealm		—			(257	)
Loss attributable to noncontrolling interest of FreshRealm		(573	)		—
Deconsolidation of FreshRealm		(4,031	)		—

Noncontrolling interest, ending	$	—		$	(257	)

For the nine months ended July 31, 2014, FreshRealm has incurred $1.0 million in expenses, which has been recorded in selling, general and administrative. For the three and nine months ended July 31, 2013, FreshRealm has incurred $0.5 million in expenses. Since inception, FreshRealm had $2.9 million in cumulative losses. See Note 10 for discussion on the deconsolidation of FreshRealm on May 2, 2014.

- 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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