XML 24 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
Information regarding our operations in different segments
 3 Months Ended
Jan. 31, 2015
Segment Reporting [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. 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 January 31, 2015     Three months ended January 31, 2014  
     Fresh
products		     Calavo
Foods		     RFG     Total     Fresh
products		     Calavo
Foods		     RFG     Total  

Third-party sales:

         

Avocados

    $ 102,426      $ —        $ —        $ 102,426      $ 89,364      $ —        $ —        $ 89,364   

Tomatoes

      6,053        —          —          6,053        6,506        —          —          6,506   

Papayas

      2,519        —          —          2,519        3,285        —          —          3,285   

Pineapples

      995        —          —          995        897        —          —          897   

Other fresh products

      229        —          —          229        64        —          —          64   

Food service

      —          11,522        —          11,522        —          9,971        —          9,971   

Retail and club

      —          5,662        69,151        74,813        —          5,522        56,533        62,055   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total gross sales

   112,222      17,184      69,151      198,557      100,116      15,493      56,533      172,142   

Less sales incentives

   (573 )    (2,561 )    (632 )    (3,766 )    (394 )    (2,637 )    (946 )    (3,977 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Net sales

 $ 111,649    $ 14,623    $ 68,519    $ 194,791    $ 99,722    $ 12,856    $ 55,587    $ 168,165   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

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

Three months ended January 31, 2015

            

Net sales

    $ 111,649       $ 14,623       $ 68,519       $ 194,791   

Cost of sales

      102,932         11,030         63,024         176,986   
  

 

 

     

 

 

     

 

 

     

 

 

  

Gross margin

 $ 8,717    $ 3,593    $ 5,495    $ 17,805   
  

 

 

     

 

 

     

 

 

     

 

 

  

Three months ended January 31, 2014

Net sales

 $ 99,722    $ 12,856    $ 55,587    $ 168,165   

Cost of sales

   93,514      10,262      50,748      154,524   
  

 

 

     

 

 

     

 

 

     

 

 

  

Gross margin

 $ 6,208    $ 2,594    $ 4,839    $ 13,641   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

For the three months ended January 31, 2015 and 2014, inter-segment sales and cost of sales for Fresh products totaling $9.9 million and $9.0 million were eliminated in consolidation. For three months ended January 31, 2015 and 2014, inter-segment sales and cost of sales for Calavo Foods totaling $3.7 million were eliminated in consolidation.