XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2017
Oct. 31, 2016
Oct. 31, 2015
Cash Flows from Operating Activities:      
Net income $ 37,324 $ 38,459 $ 27,199
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 10,691 8,812 8,038
Provision for losses on accounts receivable 1,230 47 75
Loss (income) from unconsolidated entities (401) 570 109
Contingent consideration related to acquisition of Salsa Lisa     15
Stock compensation expense 4,320 2,134 2,108
Loss on disposal of property, plant, and equipment 74 248 147
Excess tax benefit from stock-based compensation   (447)  
Deferred income taxes 2,725 1,603 3,183
Effect on cash of changes in operating assets and liabilities:      
Accounts receivable (879) (11,542) (2,063)
Inventories, net 991 (5,498) 4,713
Prepaid expenses and other current assets (1,447) (5,097) (1,780)
Advances to suppliers 79 (1,605) 438
Income taxes receivable/payable (1,043) 6,224 (3,465)
Other assets (2,362) 683 441
Payable to growers (4,239) 18,084 (1,889)
Deferred rent 425 1,697  
Trade accounts payable , accrued expenses and other long-term liabilities 14,652 7,596 14
Net cash provided by operating activities 62,140 61,968 37,283
Cash Flows from Investing Activities:      
Acquisitions of and deposits on property, plant, and equipment (44,510) (21,859) (18,099)
Investment in unconsolidated entities (9,067) (3,900) (1,800)
Proceeds received for repayment of San Rafael note 409 28 386
Purchase of noncontrolling interest of Salsa Lisa     262
Infrastructure advance to Agricola Belher     (1,000)
Loan to Agricola Don Memo     (803)
Proceeds received for repayment of loan to Agricola Don Memo   4,000  
Investment in Agricola Don Memo (500)    
Net cash used in investing activities (53,668) (21,731) (21,054)
Cash Flows from Financing Activities:      
Payment of dividend to shareholders (15,696) (13,907) (12,971)
Proceeds from revolving credit facility 163,500 217,230 255,350
Payments on revolving credit facility (162,500) (235,140) (254,340)
Purchase of noncontrolling interest of Salsa Lisa (1,000) (91)  
Payments on long-term obligations (58) (2,209) (5,098)
Proceeds from stock option exercises 65 104 249
Proceeds from issuance of noncontrolling interest stock     817
Excess tax benefit from stock-based compensation   447 191
Net cash used in financing activities (15,689) (33,566) (15,802)
Net increase (decrease) in cash and cash equivalents (7,217) 6,671 427
Cash and cash equivalents, beginning of period 13,842 7,171 6,744
Cash and cash equivalents, end of period 6,625 13,842 7,171
Supplemental Information:      
Interest 1,094 741 843
Income taxes 17,011 14,425 15,495
Noncash Investing and Financing Activities:      
Declared dividends payable 16,657 15,696 13,907
Record IVA as a long term asset 8,368    
Investment in FreshRealm included in accrued expenses   1,600  
Property, plant, and equipment included in trade accounts payable and accrued expenses 1,833 4,574 529
Noncash assets received for issuance of noncontrolling interest     194
Collection for Agricola Belher Infrastructure Advance 200 1,045 845
Unrealized holding gains (losses) $ 6,326 $ 6,621 $ (16,940)