XML 40 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Condensed Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Apr. 30, 2015
Apr. 30, 2014
Apr. 30, 2015
Apr. 30, 2014
Income Statement [Abstract]        
Net sales $ 221,589us-gaap_SalesRevenueNet $ 194,894us-gaap_SalesRevenueNet $ 416,380us-gaap_SalesRevenueNet $ 363,059us-gaap_SalesRevenueNet
Cost of sales 198,614us-gaap_CostOfGoodsAndServicesSold 176,002us-gaap_CostOfGoodsAndServicesSold 375,600us-gaap_CostOfGoodsAndServicesSold 330,526us-gaap_CostOfGoodsAndServicesSold
Gross margin 22,975us-gaap_GrossProfit 18,892us-gaap_GrossProfit 40,780us-gaap_GrossProfit 32,533us-gaap_GrossProfit
Selling, general and administrative 9,986us-gaap_SellingGeneralAndAdministrativeExpense 9,145us-gaap_SellingGeneralAndAdministrativeExpense 19,496us-gaap_SellingGeneralAndAdministrativeExpense 17,437us-gaap_SellingGeneralAndAdministrativeExpense
Contingent consideration related to RFG acquisition   7,036us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1   16,254us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
Operating income (loss) 12,989us-gaap_OperatingIncomeLoss 2,711us-gaap_OperatingIncomeLoss 21,284us-gaap_OperatingIncomeLoss (1,158)us-gaap_OperatingIncomeLoss
Interest expense (236)us-gaap_InterestExpense (292)us-gaap_InterestExpense (459)us-gaap_InterestExpense (548)us-gaap_InterestExpense
Other income, net 309us-gaap_NonoperatingIncomeExpense 270us-gaap_NonoperatingIncomeExpense 426us-gaap_NonoperatingIncomeExpense 405us-gaap_NonoperatingIncomeExpense
Income (loss) before income taxes 13,062us-gaap_ResultsOfOperationsIncomeBeforeIncomeTaxes 2,689us-gaap_ResultsOfOperationsIncomeBeforeIncomeTaxes 21,251us-gaap_ResultsOfOperationsIncomeBeforeIncomeTaxes (1,301)us-gaap_ResultsOfOperationsIncomeBeforeIncomeTaxes
Provision (benefit) for income taxes 4,590us-gaap_IncomeTaxExpenseBenefit 1,433us-gaap_IncomeTaxExpenseBenefit 7,480us-gaap_IncomeTaxExpenseBenefit (643)us-gaap_IncomeTaxExpenseBenefit
Net income (loss) 8,472us-gaap_ProfitLoss 1,256us-gaap_ProfitLoss 13,771us-gaap_ProfitLoss (658)us-gaap_ProfitLoss
Add: Net loss attributable to noncontrolling interest   298us-gaap_NetIncomeLossAttributableToNoncontrollingInterest   446us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income (loss) attributable to Calavo Growers, Inc $ 8,472us-gaap_NetIncomeLoss $ 1,554us-gaap_NetIncomeLoss $ 13,771us-gaap_NetIncomeLoss $ (212)us-gaap_NetIncomeLoss
Calavo Growers, Inc.'s net income (loss) per share:        
Basic $ 0.49us-gaap_EarningsPerShareBasic $ 0.10us-gaap_EarningsPerShareBasic $ 0.80us-gaap_EarningsPerShareBasic $ (0.01)us-gaap_EarningsPerShareBasic
Diluted $ 0.49us-gaap_EarningsPerShareDiluted $ 0.09us-gaap_EarningsPerShareDiluted $ 0.79us-gaap_EarningsPerShareDiluted $ (0.01)us-gaap_EarningsPerShareDiluted
Number of shares used in per share computation:        
Basic 17,300us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 15,755us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 17,298us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 15,755us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 17,382us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 17,176us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 17,343us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 15,755us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding