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Inventories
6 Months Ended
Apr. 30, 2017
Inventory Disclosure [Abstract]  
Inventories

3.Inventories

 

Inventories consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

April 30, 

 

October 31, 

 

 

 

2017

 

2016

 

 

 

 

 

 

 

 

 

Fresh fruit

    

$

23,915

    

$

17,126

 

Packing supplies and ingredients

 

 

8,609

 

 

7,605

 

Finished prepared foods

 

 

6,110

 

 

7,118

 

 

 

$

38,634

 

$

31,849

 

 

Inventories are stated at the lower of cost or net realizable value. We periodically review the value of items in inventory and record any necessary reserves of inventory based on our assessment of market conditions.    No inventory reserve was considered necessary as of April 30, 2017. We recorded an adjustment of $1.1 million to adjust our fresh fruit inventory to the lower of cost or net realizable value as of October 31, 2016.