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Segment Information
 12 Months Ended
Oct. 31, 2015
Segment Reporting [Abstract]  
Information regarding our operations in different segments

11.     Segment Information

 

As discussed in Note 1, 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, tortilla chips 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 products.  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):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Fresh

    

Calavo

    

 

 

    

 

 

 

 

 

products

 

Foods

 

RFG

 

Total

 

 

 

(All amounts are presented in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended October 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$
500,711

 

$
62,156

 

$
293,957

 

$
856,824

 

Cost of sales

 

 
463,647

 

 
41,645

 

 
266,305

 

 
771,597

 

Gross margin

 

$
37,064

 

$
20,511

 

$
27,652

 

$
85,227

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended October 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$
470,949

 

$
59,279

 

$
252,282

 

$
782,510

 

Cost of sales

 

 
434,820

 

 
46,269

 

 
230,193

 

 
711,282

 

Gross margin

 

$
36,129

 

$
13,010

 

$
22,089

 

$
71,228

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended October 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$
448,369

 

$
51,614

 

$
191,468

 

$
691,451

 

Cost of sales

 

 
417,176

 

 
38,226

 

 
176,601

 

 
632,003

 

 Gross margin

 

$
31,193

 

$
13,388

 

$
14,867

 

$
59,448

 

 

 

     For fiscal year 2015, 2014 and 2013, inter-segment sales and cost of sales of $1.5 million, $2.2 million and $1.9 million between Fresh products and RFG were eliminated. For fiscal year 2015, 2014 and 2013, inter-segment sales and cost of sales of $1.9 million, $1.7 million and $0.8 million between Calavo Foods and RFG were eliminated.

 

The following table sets forth sales by product category, by segment (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended October 31, 2015

 

Year Ended October 31, 2014

 

 

    

 

    

 

    

    

 

    

 

 

    

 

 

    

    

 

    

    

 

    

 

 

    

 

 

 

 

 

 

Fresh

 

Calavo

 

    

 

 

    

 

 

Fresh

 

Calavo

 

    

 

 

    

 

 

 

 

 

products

 

Foods

 

RFG

 

Total

 

products

 

Foods

 

RFG

 

Total

 

Third-party sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Avocados

 

 

$
471,178

 

$

—

 

$

—

 

$
471,178

 

$
433,581

 

$

—

 

$

—

 

$
433,581

 

Tomatoes

 

 

 
18,681

 

 

—

 

 

—

 

 
18,681

 

 
19,705

 

 

—

 

 

—

 

 
19,705

 

Papayas

 

 

 
9,485

 

 

—

 

 

—

 

 
9,485

 

 
12,619

 

 

—

 

 

—

 

 
12,619

 

Pineapples

 

 

 
2,397

 

 

—

 

 

—

 

 
2,397

 

 
5,086

 

 

—

 

 

—

 

 
5,086

 

Other fresh products

 

 

 
442

 

 

—

 

 

—

 

 
442

 

 
1,037

 

 

—

 

 

—

 

 
1,037

 

Food service

 

 

 

—

 

 
49,212

 

 

—

 

 
49,212

 

 

—

 

 
48,085

 

 

—

 

 
48,085

 

Retail and club

 

 

 

—

 

 
22,736

 

 
296,697

 

 
319,433

 

 

—

 

 
22,334

 

 
255,074

 

 
277,408

 

Total gross sales

 

 

 
502,183

 

 
71,948

 

 
296,697

 

 
870,828

 

 
472,028

 

 
70,419

 

 
255,074

 

 
797,521

 

Less sales incentives

 

 

 
(1,472)

 

 
(9,792)

 

 
(2,740)

 

 
(14,004)

 

 
(1,079)

 

 
(11,140)

 

 
(2,792)

 

 
(15,011)

 

Net sales

 

 

$
500,711

 

$
62,156

 

$
293,957

 

$
856,824

 

$
470,949

 

$
59,279

 

$
252,282

 

$
782,510

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended October 31, 2014

 

Year Ended October 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

Fresh

    

Calavo

    

 

 

    

 

 

    

Fresh

    

Calavo

    

 

 

    

 

 

 

 

 

 

products

 

Foods

 

RFG

 

Total

 

products

 

Foods

 

RFG

 

Total

 

Third-party sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Avocados

 

 

$
433,581

 

$

—

 

$

—

 

$
433,581

 

$
407,678

 

$

—

 

$

—

 

$
407,678

 

Tomatoes

 

 

 
19,705

 

 

—

 

 

—

 

 
19,705

 

 
22,623

 

 

—

 

 

—

 

 
22,623

 

Papayas

 

 

 
12,619

 

 

—

 

 

—

 

 
12,619

 

 
13,077

 

 

—

 

 

—

 

 
13,077

 

Pineapples

 

 

 
5,086

 

 

—

 

 

—

 

 
5,086

 

 
5,739

 

 

—

 

 

—

 

 
5,739

 

Other fresh products

 

 

 
1,037

 

 

—

 

 

—

 

 
1,037

 

 
601

 

 

—

 

 

—

 

 
601

 

Food service

 

 

 

—

 

 
48,085

 

 

—

 

 
48,085

 

 

—

 

 
43,616

 

 

—

 

 
43,616

 

Retail and club

 

 

 

—

 

 
22,334

 

 
255,074

 

 
277,408

 

 

—

 

 
18,789

 

 
195,376

 

 
214,165

 

Total gross sales

 

 

 
472,028

 

 
70,419

 

 
255,074

 

 
797,521

 

 
449,718

 

 
62,405

 

 
195,376

 

 
707,499

 

Less sales incentives

 

 

 
(1,079)

 

 
(11,140)

 

 
(2,792)

 

 
(15,011)

 

 
(1,349)

 

 
(10,791)

 

 
(3,908)

 

 
(16,048)

 

Net sales

 

 

$
470,949

 

$
59,279

 

$
252,282

 

$
782,510

 

$
448,369

 

$
51,614

 

$
191,468

 

$
691,451

 

 

Sales to customers outside the United States were approximately $26.7 million, $32.8 million and $37.2 million for fiscal years 2015, 2014, and 2013.

 

Long-lived assets attributed to geographic areas as of October 31, are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

    

United States

    

Mexico

    

Consolidated

 

2015

 

$
37,573

 

$
31,875

 

$
69,448

 

2014

 

$
36,052

 

$
21,300

 

$
57,352