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Information regarding our operations in different segments | 9 Months Ended
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Jul. 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 other fresh prepared food 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 July 31, 2016 |  | Three months ended July 31, 2015 |
|  | Fresh |  | Calavo |  |  |  |  |  |  |  | Fresh |  | Calavo |  |  |  |  |  |  |
|  | products |  | Foods |  | RFG |  | Total |  | products |  | Foods |  | RFG |  | Total |
Third-party sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Avocados |  | $ | 151,364 |  | $ | — |  | $ | — |  | $ | 151,364 |  | $ | 132,165 |  | $ | — |  | $ | — |  | $ | 132,165 |
Tomatoes |  |  | 2,581 |  |  | — |  |  | — |  |  | 2,581 |  |  | 1,154 |  |  | — |  |  | — |  |  | 1,154 |
Papayas |  |  | 2,614 |  |  | — |  |  | — |  |  | 2,614 |  |  | 2,559 |  |  | — |  |  | — |  |  | 2,559 |
Other fresh products |  |  | 433 |  |  | — |  |  | — |  |  | 433 |  |  | 607 |  |  | — |  |  | — |  |  | 607 |
Food service |  |  | — |  |  | 12,929 |  |  | — |  |  | 12,929 |  |  | — |  |  | 13,575 |  |  | — |  |  | 13,575 |
Retail and club |  |  | — |  |  | 6,056 |  |  | 91,631 |  |  | 97,687 |  |  | — |  |  | 6,331 |  |  | 79,927 |  |  | 86,258 |
Total gross sales |  |  | 156,992 |  |  | 18,985 |  |  | 91,631 |  |  | 267,608 |  |  | 136,485 |  |  | 19,906 |  |  | 79,927 |  |  | 236,318 |
Less sales incentives |  |  | (863) |  |  | (2,700) |  |  | (899) |  |  | (4,462) |  |  | (715) |  |  | (2,421) |  |  | (732) |  |  | (3,868) |
Net sales |  | $ | 156,129 |  | $ | 16,285 |  | $ | 90,732 |  | $ | 263,146 |  | $ | 135,770 |  | $ | 17,485 |  | $ | 79,195 |  | $ | 232,450 |
|  | Nine months ended July 31, 2016 |  | Nine months ended July 31, 2015 |
|  | Fresh |  | Calavo |  |  |  |  |  |  |  | Fresh |  | Calavo |  |  |  |  |  |  |
|  | products |  | Foods |  | RFG |  | Total |  | products |  | Foods |  | RFG |  | Total |
Third-party sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Avocados |  | $ | 354,785 |  | $ | — |  | $ | — |  | $ | 354,785 |  | $ | 360,334 |  | $ | — |  | $ | — |  | $ | 360,334 |
Tomatoes |  |  | 34,375 |  |  | — |  |  | — |  |  | 34,375 |  |  | 16,813 |  |  | — |  |  | — |  |  | 16,813 |
Papayas |  |  | 7,054 |  |  | — |  |  | — |  |  | 7,054 |  |  | 6,977 |  |  | — |  |  | — |  |  | 6,977 |
Other fresh products |  |  | 854 |  |  | — |  |  | — |  |  | 854 |  |  | 2,571 |  |  | — |  |  | — |  |  | 2,571 |
Food service |  |  | — |  |  | 37,998 |  |  | — |  |  | 37,998 |  |  | — |  |  | 37,223 |  |  | — |  |  | 37,223 |
Retail and club |  |  | — |  |  | 16,636 |  |  | 248,176 |  |  | 264,812 |  |  | — |  |  | 17,451 |  |  | 218,547 |  |  | 235,998 |
Total gross sales |  |  | 397,068 |  |  | 54,634 |  |  | 248,176 |  |  | 699,878 |  |  | 386,695 |  |  | 54,674 |  |  | 218,547 |  |  | 659,916 |
Less sales incentives |  |  | (1,804) |  |  | (7,508) |  |  | (2,542) |  |  | (11,854) |  |  | (1,423) |  |  | (7,673) |  |  | (1,990) |  |  | (11,086) |
Net sales |  | $ | 395,264 |  | $ | 47,126 |  | $ | 245,634 |  | $ | 688,024 |  | $ | 385,272 |  | $ | 47,001 |  | $ | 216,557 |  | $ | 648,830 |
|  | Fresh |  | Calavo |  |  |  |  |  |  |
|  | products |  | Foods |  | RFG |  | Total |
|  | (All amounts are presented in thousands) |
Three months ended July 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 156,129 |  | $ | 16,285 |  | $ | 90,732 |  | $ | 263,146 |
Cost of sales |  |  | 137,845 |  |  | 10,484 |  |  | 82,173 |  |  | 230,502 |
Gross margin |  | $ | 18,284 |  | $ | 5,801 |  | $ | 8,559 |  | $ | 32,644 |
Three months ended July 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 135,770 |  | $ | 17,485 |  | $ | 79,195 |  | $ | 232,450 |
Cost of sales |  |  | 126,105 |  |  | 11,415 |  |  | 70,652 |  |  | 208,172 |
Gross margin |  | $ | 9,665 |  | $ | 6,070 |  | $ | 8,543 |  | $ | 24,278 |
For the three months ended July 31, 2016 and 2015, inter-segment sales and cost of sales of $1.4 million and $0.6 million between Fresh products and RFG were eliminated. For the three months ended July 31, 2016 and 2015, inter-segment sales and cost of sales of $0.7 million and $0.6 million between Calavo Foods and RFG were eliminated.
|  | Fresh |  | Calavo |  |  |  |  |  |  |
|  | products |  | Foods |  | RFG |  | Total |
|  | (All amounts are presented in thousands) |
Nine months ended July 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 395,264 |  | $ | 47,126 |  | $ | 245,634 |  | $ | 688,024 |
Cost of sales |  |  | 352,424 |  |  | 29,228 |  |  | 225,923 |  |  | 607,575 |
Gross margin |  | $ | 42,840 |  | $ | 17,898 |  | $ | 19,711 |  | $ | 80,449 |
Nine months ended July 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 385,272 |  | $ | 47,001 |  | $ | 216,557 |  | $ | 648,830 |
Cost of sales |  |  | 355,991 |  |  | 31,725 |  |  | 196,056 |  |  | 583,772 |
Gross margin |  | $ | 29,281 |  | $ | 15,276 |  | $ | 20,501 |  | $ | 65,058 |
For the nine months ended July 31, 2016 and 2015, inter-segment sales and cost of sales of $2.8 million and $1.2 million between Fresh products and RFG were eliminated. For the nine months ended July 31, 2016 and 2015, inter-segment sales and cost of sales of $2.0 million and $1.3 million between Calavo Foods and RFG were eliminated.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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