XML 28 R6.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Condensed Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Apr. 30, 2015
Apr. 30, 2014
Cash Flows from Operating Activities:    
Net income (loss) $ 13,771us-gaap_ProfitLoss $ (658)us-gaap_ProfitLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 3,965us-gaap_DepreciationDepletionAndAmortization 3,378us-gaap_DepreciationDepletionAndAmortization
Provision for losses on accounts receivable 30us-gaap_ProvisionForDoubtfulAccounts  
Loss from unconsolidated entities 20us-gaap_IncomeLossFromEquityMethodInvestments 12us-gaap_IncomeLossFromEquityMethodInvestments
Interest on contingent consideration   18cvgw_InterestOnDeferredConsideration
Contingent consideration and non-cash compensation related to the acquisition of RFG   16,442cvgw_BusinessCombinationContingentConsiderationNoncashCompensationExpense
Stock-based compensation expense 719us-gaap_ShareBasedCompensation 303us-gaap_ShareBasedCompensation
Deferred income taxes   (6,518)us-gaap_DeferredIncomeTaxesAndTaxCredits
Effect on cash of changes in operating assets and liabilities:    
Accounts receivable (23,905)us-gaap_IncreaseDecreaseInAccountsReceivable (9,033)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories, net (70)us-gaap_IncreaseDecreaseInInventories (3,588)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets (1,381)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (2,771)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Advances to suppliers 3,182cvgw_IncreaseDecreaseInAdvancesToSuppliers 3,174cvgw_IncreaseDecreaseInAdvancesToSuppliers
Income taxes receivable 623us-gaap_IncreaseDecreaseInIncomeTaxesReceivable 2,036us-gaap_IncreaseDecreaseInIncomeTaxesReceivable
Other assets 25us-gaap_IncreaseDecreaseInOtherOperatingAssets 78us-gaap_IncreaseDecreaseInOtherOperatingAssets
Payable to growers 18,419cvgw_IncreaseDecreaseInPayableToParentCompany 4,628cvgw_IncreaseDecreaseInPayableToParentCompany
Trade accounts payable and accrued expenses (638)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 5,762us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash provided by operating activities 14,760us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 13,263us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash Flows from Investing Activities:    
Acquisitions of property, plant, and equipment (6,663)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (5,464)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Investment in unconsolidated entity   (125)us-gaap_PaymentsToAcquireEquityMethodInvestments
Net cash used in investing activities (6,663)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (5,589)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash Flows from Financing Activities:    
Payment of dividend to shareholders (12,970)us-gaap_PaymentsOfDividendsCommonStock (11,005)us-gaap_PaymentsOfDividendsCommonStock
Proceeds on revolving credit facilities, net 9,250us-gaap_ProceedsFromLongTermLinesOfCredit 7,040us-gaap_ProceedsFromLongTermLinesOfCredit
Payments on long-term obligations (2,087)us-gaap_RepaymentsOfLongTermDebt (1,928)us-gaap_RepaymentsOfLongTermDebt
Exercise of stock options 235us-gaap_ProceedsFromStockOptionsExercised 114us-gaap_ProceedsFromStockOptionsExercised
Net cash used in financing activities (5,572)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (5,779)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net increase in cash and cash equivalents 2,525us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 1,895us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 6,744us-gaap_CashAndCashEquivalentsAtCarryingValue 8,019us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 9,269us-gaap_CashAndCashEquivalentsAtCarryingValue 9,914us-gaap_CashAndCashEquivalentsAtCarryingValue
Noncash Investing and Financing Activities:    
Tax benefit related to stock based compensation 456us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions 175us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
Unrealized investment holding losses $ (4,702)us-gaap_MarketableSecuritiesUnrealizedGainLoss $ (5,825)us-gaap_MarketableSecuritiesUnrealizedGainLoss