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Information regarding our operations in different segments
 3 Months Ended
Jan. 31, 2018
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, fresh-cut vegetables, vegetables and prepared foods.  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. Data in the following tables is presented in thousands:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  January 31, 2018

 

Three months ended  January 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Fresh

 

Calavo

 

    

 

 

    

 

 

Fresh

 

Calavo

 

    

 

 

    

 

 

 

 

products

 

Foods

 

RFG

 

Total

 

products

 

Foods

 

RFG

 

Total

 

Third-party sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Avocados

 

$

108,929

 

$

—

 

$

—

 

$

108,929

 

$

104,716

 

$

 —

 

$

—

 

$

104,716

 

Tomatoes

 

 

12,084

 

 

—

 

 

—

 

 

12,084

 

 

5,270

 

 

 —

 

 

—

 

 

5,270

 

Papayas

 

 

2,805

 

 

—

 

 

—

 

 

2,805

 

 

2,364

 

 

 —

 

 

—

 

 

2,364

 

Other fresh products

 

 

34

 

 

—

 

 

—

 

 

34

 

 

111

 

 

 —

 

 

—

 

 

111

 

Prepared avocado products

 

 

—

 

 

21,803

 

 

—

 

 

21,803

 

 

 —

 

 

19,250

 

 

—

 

 

19,250

 

Salsa

 

 

—

 

 

865

 

 

 —

 

 

865

 

 

 —

 

 

1,098

 

 

 —

 

 

1,098

 

Fresh-cut fruit & vegetables and prepared foods

 

 

 —

 

 

 —

 

 

106,776

 

 

106,776

 

 

 —

 

 

 —

 

 

98,047

 

 

98,047

 

Total gross sales

 

 

123,852

 

 

22,668

 

 

106,776

 

 

253,296

 

 

112,461

 

 

20,348

 

 

98,047

 

 

230,856

 

Less sales incentives

 

 

(652)

 

 

(2,778)

 

 

(670)

 

 

(4,100)

 

 

(276)

 

 

(2,701)

 

 

(340)

 

 

(3,317)

 

Less inter-company eliminations

 

 

(415)

 

 

(853)

 

 

 —

 

 

(1,268)

 

 

(126)

 

 

(859)

 

 

 —

 

 

(985)

 

Net sales

 

$

122,785

 

$

19,037

 

$

106,106

 

$

247,928

 

$

112,059

 

$

16,788

 

$

97,707

 

$

226,554

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Fresh

    

Calavo

    

 

 

    

 

 

 

 

 

products

 

Foods

 

RFG

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  January 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales before intercompany eliminations

 

$

123,200

 

$

19,890

 

$

106,106

 

$

249,196

 

Intercompany eliminations

 

 

(415)

 

 

(853)

 

 

 —

 

 

(1,268)

 

Net sales

 

 

122,785

 

 

19,037

 

 

106,106

 

 

247,928

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales before intercompany eliminations

 

 

108,905

 

 

13,620

 

 

100,361

 

 

222,886

 

Intercompany eliminations

 

 

(377)

 

 

(558)

 

 

(333)

 

 

(1,268)

 

Cost of sales

 

 

108,528

 

 

13,062

 

 

100,028

 

 

221,618

 

Gross profit

 

$

14,257

 

$

5,975

 

$

6,078

 

$

26,310

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  January 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales before intercompany eliminations

 

$

112,185

 

$

17,647

 

$

97,707

 

$

227,539

 

Intercompany eliminations

 

 

(126)

 

 

(859)

 

 

 —

 

 

(985)

 

Net sales

 

 

112,059

 

 

16,788

 

 

97,707

 

 

226,554

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of sales before intercompany eliminations

 

 

104,308

 

 

12,291

 

 

89,016

 

 

205,615

 

Intercompany eliminations

 

 

(100)

 

 

(594)

 

 

(291)

 

 

(985)

 

Cost of sales

 

 

104,208

 

 

11,697

 

 

88,725

 

 

204,630

 

Gross profit

 

$

7,851

 

$

5,091

 

$

8,982

 

$

21,924

 

 

For the three months ended January 31, 2018 and 2017, inter-segment sales and cost of sales of $0.4 million and $0.1 million between Fresh products and RFG were eliminated.  For the three months ended January 31, 2018 and 2017, inter-segment sales and cost of sales of $0.9 million between Calavo Foods and RFG were eliminated. For the three months ended January 31, 2018, inter-segment sales and cost of sales of $0.1 million between Fresh products and Calavo Foods were eliminated.