XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Jul. 31, 2016
Jul. 31, 2015
Cash Flows from Operating Activities:    
Net income $ 28,761 $ 22,412
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,507 5,968
Provision for losses on accounts receivable   37
Loss from unconsolidated entities 132 110
Stock compensation expense 1,577 2,021
Deferred income taxes 598  
Effect on cash of changes in operating assets and liabilities:    
Accounts receivable (27,969) (9,566)
Inventories, net (10,059) (551)
Prepaid expenses and other current assets (3,438) 2,068
Advances to suppliers 820 512
Income taxes receivable/payable 10,897 1,772
Other assets 478 (296)
Payable to growers 36,064 9,220
Deferred rent 1,705  
Trade accounts payable and accrued expenses 8,968 (1,179)
Net cash provided by operating activities 55,041 32,528
Cash Flows from Investing Activities:    
Acquisitions of property, plant, and equipment (15,772) (13,855)
Proceeds received for repayment of San Rafael note 28 275
Proceeds from liquidation of Calavo Chile   262
Investment in FreshRealm   (800)
Loan to Agricola Don Memo   (1,803)
Proceeds received for repayment of loan to Agricola Don Memo 4,000  
Investment in Agricola Don Memo (1,300) (1,000)
Net cash used in investing activities (13,044) (16,921)
Cash Flows from Financing Activities:    
Payment of dividend to shareholders (13,907) (12,970)
Proceeds from revolving credit facility 178,730 199,540
Payments on revolving credit facility (197,140) (199,360)
Deferred financing costs (91)  
Payments on long-term obligations (2,170) (4,260)
Proceeds from stock option exercises 60 235
Net cash used in financing activities (34,518) (16,815)
Net increase (decrease) in cash and cash equivalents 7,479 (1,208)
Cash and cash equivalents, beginning of period 7,171 6,744
Cash and cash equivalents, end of period 14,650 5,536
Noncash Investing and Financing Activities:    
Construction in progress included in trade accounts payable and accrued expenses 172  
Collection for Agricola Belher Infrastructure Advance   845
Unrealized holding gains (losses) $ 3,164 $ (8,764)