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Information regarding our operations in different segments
 3 Months Ended
Jan. 31, 2016
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 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, 2016

 

Three months ended  January 31, 2015

 

 

    

    

 

    

    

 

    

 

 

    

 

 

    

    

 

    

    

 

    

 

 

    

 

 

 

 

 

Fresh

 

Calavo

 

    

 

 

    

 

 

Fresh

 

Calavo

 

    

 

 

    

 

 

 

 

products

 

Foods

 

RFG

 

Total

 

products

 

Foods

 

RFG

 

Total

 

Third-party sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Avocados

 

$
95,222

 

$

—

 

$

—

 

$
95,222

 

$
102,426

 

$

 —

 

$

—

 

$
102,426

 

Tomatoes

 

 
16,030

 

 

—

 

 

—

 

 
16,030

 

 
6,053

 

 

 —

 

 

—

 

 
6,053

 

Papayas

 

 
2,214

 

 

—

 

 

—

 

 
2,214

 

 
2,519

 

 

 —

 

 

—

 

 
2,519

 

Other fresh products

 

 
121

 

 

—

 

 

—

 

 
121

 

 
1,224

 

 

 —

 

 

—

 

 
1,224

 

Food service

 

 

—

 

 
12,637

 

 

—

 

 
12,637

 

 

 —

 

 
11,522

 

 

—

 

 
11,522

 

Retail and club

 

 

—

 

 
5,322

 

 
76,783

 

 
82,105

 

 

 —

 

 
5,662

 

 
69,151

 

 
74,813

 

Total gross sales

 

 
113,587

 

 
17,959

 

 
76,783

 

 
208,329

 

 
112,222

 

 
17,184

 

 
69,151

 

 
198,557

 

Less sales incentives

 

 
(441)

 

 
(2,471)

 

 
(842)

 

 
(3,754)

 

 
(573)

 

 
(2,561)

 

 
(632)

 

 
(3,766)

 

Net sales

 

$
113,146

 

$
15,488

 

$
75,941

 

$
204,575

 

$
111,649

 

$
14,623

 

$
68,519

 

$
194,791

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Fresh

    

Calavo

    

 

 

    

 

 

 

 

 

products

 

Foods

 

RFG

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(All amounts are presented in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  January 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$
113,146

 

$
15,488

 

$
75,941

 

$
204,575

 

Cost of sales

 

 
102,651

 

 
9,984

 

 
70,942

 

 
183,577

 

Gross margin

 

$
10,495

 

$
5,504

 

$
4,999

 

$
20,998

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

For the three months ended January 31, 2016 and 2015, inter-segment sales and cost of sales of $0.2 million and $0.1 million between Fresh products and RFG were eliminated.  For the three months ended January 31, 2016 and 2015, inter-segment sales and cost of sales of $0.7 million and $0.3 million between Calavo Foods and RFG were eliminated.