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Segment Information | 12 Months Ended
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Oct. 31, 2019
Segment Information |
Information regarding our operations in different segments | 10. Segment Information ​ As discussed in Note 1, 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 avocado products, including guacamole, and salsa. The RFG segment represents operations related to the manufacturing and distribution of fresh-cut fruit, fresh-cut 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. ​ The following table sets forth sales by product category, by segment (in thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fresh |  | Calavo |  | ​ | ​ |  | ​ | ​ | ​
​ | ​ | products | ​ | Foods | ​ | RFG | ​ | Total | ​
​ | ​ | (All amounts are presented in thousands) | ​
Year ended October 31, 2019 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales before intercompany eliminations | ​ | $ | 621,183 | ​ | $ | 94,734 | ​ | $ | 486,063 | ​ | $ | 1,201,980 | ​
Intercompany eliminations | ​ | ​ | (2,246) | ​ | ​ | (3,957) | ​ | ​ | — | ​ | ​ | (6,203) | ​
Net sales | ​ | ​ | 618,937 | ​ | ​ | 90,777 | ​ | ​ | 486,063 | ​ | ​ | 1,195,777 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of sales before intercompany eliminations | ​ |  | 534,600 | ​ |  | 73,735 | ​ |  | 465,563 | ​ |  | 1,073,898 | ​
Intercompany eliminations | ​ | ​ | (2,013) | ​ | ​ | (3,122) | ​ | ​ | (1,068) | ​ | ​ | (6,203) | ​
Cost of sales | ​ | ​ | 532,587 | ​ | ​ | 70,613 | ​ | ​ | 464,495 | ​ | ​ | 1,067,695 | ​
Gross profit | ​ | $ | 86,350 | ​ | $ | 20,164 | ​ | $ | 21,568 | ​ | $ | 128,082 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year ended October 31, 2018 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales before intercompany eliminations | ​ | $ | 553,208 | ​ | $ | 91,646 | ​ | $ | 448,930 | ​ | $ | 1,093,784 | ​
Intercompany eliminations | ​ | ​ | (1,554) | ​ |  | (3,472) | ​ |  | — | ​ |  | (5,026) | ​
Net sales | ​ | ​ | 551,654 | ​ | ​ | 88,174 | ​ | ​ | 448,930 | ​ | ​ | 1,088,758 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of sales before intercompany eliminations | ​ |  | 498,962 | ​ |  | 64,221 | ​ |  | 416,985 | ​ |  | 980,168 | ​
Intercompany eliminations | ​ | ​ | (1,468) | ​ | ​ | (2,360) | ​ | ​ | (1,198) | ​ | ​ | (5,026) | ​
Cost of sales | ​ | ​ | 497,494 | ​ | ​ | 61,861 | ​ | ​ | 415,787 | ​ | ​ | 975,142 | ​
Gross profit | ​ | $ | 54,160 | ​ | $ | 26,313 | ​ | $ | 33,143 | ​ | $ | 113,616 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year ended October 31, 2017 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales before intercompany eliminations | ​ | $ | 583,976 | ​ | $ | 77,579 | ​ | $ | 418,508 | ​ | $ | 1,080,063 | ​
Intercompany eliminations | ​ | ​ | (1,314) | ​ |  | (3,184) | ​ |  | — | ​ |  | (4,498) | ​
Net sales | ​ | ​ | 582,662 | ​ | ​ | 74,395 | ​ | ​ | 418,508 | ​ | ​ | 1,075,565 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of sales before intercompany eliminations | ​ |  | 511,410 | ​ |  | 63,751 | ​ |  | 390,358 | ​ |  | 965,519 | ​
Intercompany eliminations | ​ | ​ | (1,124) | ​ | ​ | (2,709) | ​ | ​ | (665) | ​ | ​ | (4,498) | ​
Cost of sales | ​ | ​ | 510,286 | ​ | ​ | 61,042 | ​ | ​ | 389,693 | ​ | ​ | 961,021 | ​
Gross profit | ​ | $ | 72,376 | ​ | $ | 13,353 | ​ | $ | 28,815 | ​ | $ | 114,544 | ​
​ For fiscal year 2019, 2018 and 2017, inter-segment sales and cost of sales of $1.8 million, $1.6 million and $1.3 million between Fresh products and RFG were eliminated. For fiscal year 2019, 2018 and 2017, inter-segment sales and cost of sales of $4.0 million, $3.5 million and $3.2 million between Calavo Foods and RFG were eliminated. For the year ended October 31, 2019 and 2018, inter-segment sales and cost of sales of $0.5 million and $0.4 million between Fresh products and Calavo Foods were eliminated. ​ The following table sets forth sales by product category, by segment (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Year Ended October 31, 2019 | ​ | Year Ended October 31, 2018 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | Fresh |  | Calavo |  | ​ | ​ |  | ​ | ​ |  | Fresh |  | Calavo |  | ​ | ​ |  | ​ | ​ |
​ | ​ | ​ | products | ​ | Foods | ​ | RFG | ​ | Total | ​ | products | ​ | Foods | ​ | RFG | ​ | Total |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Avocados | ​ | ​ | $ | 569,779 | ​ | $ | — | ​ | $ | — | ​ | $ | 569,779 | ​ | $ | 511,730 | ​ | $ | — | ​ | $ | — | ​ | $ | 511,730 | ​
Tomatoes | ​ | ​ |  | 40,879 | ​ |  | — | ​ |  | — | ​ |  | 40,879 | ​ |  | 31,608 | ​ |  | — | ​ |  | — | ​ |  | 31,608 | ​
Papayas | ​ | ​ |  | 10,931 | ​ |  | — | ​ |  | — | ​ |  | 10,931 | ​ |  | 11,699 | ​ |  | — | ​ |  | — | ​ |  | 11,699 | ​
Other fresh products | ​ | ​ |  | 1,353 | ​ |  | — | ​ |  | — | ​ |  | 1,353 | ​ |  | 498 | ​ |  | — | ​ |  | — | ​ |  | 498 | ​
Prepared avocado products | ​ | ​ |  | — | ​ |  | 100,842 | ​ |  | — | ​ |  | 100,842 | ​ |  | — | ​ |  | 99,635 | ​ |  | — | ​ |  | 99,635 | ​
Salsa | ​ | ​ |  | — | ​ |  | 3,252 | ​ |  | — | ​ |  | 3,252 | ​ |  | — | ​ |  | 3,423 | ​ |  | — | ​ |  | 3,423 | ​
Fresh-cut fruit & veg. and prepared foods | ​ | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 488,373 | ​ | ​ | 488,373 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 451,203 | ​ | ​ | 451,203 | ​
Total gross sales | ​ | ​ |  | 622,942 | ​ |  | 104,094 | ​ |  | 488,373 | ​ |  | 1,215,409 | ​ |  | 555,535 | ​ |  | 103,058 | ​ |  | 451,203 | ​ |  | 1,109,796 | ​
Less sales incentives | ​ | ​ |  | (1,759) | ​ |  | (9,360) | ​ |  | (2,310) | ​ |  | (13,429) | ​ |  | (2,327) | ​ |  | (11,412) | ​ |  | (2,273) | ​ |  | (16,012) | ​
Less inter-company eliminations | ​ | ​ |  | (2,246) | ​ | ​ | (3,957) | ​ | ​ | — | ​ | ​ | (6,203) | ​ |  | (1,554) | ​ | ​ | (3,472) | ​ | ​ | — | ​ | ​ | (5,026) | ​
Net sales | ​ | ​ | $ | 618,937 | ​ | $ | 90,777 | ​ | $ | 486,063 | ​ | $ | 1,195,777 | ​ | $ | 551,654 | ​ | $ | 88,174 | ​ | $ | 448,930 | ​ | $ | 1,088,758 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Year Ended October 31, 2018 | ​ | Year Ended October 31, 2017
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | Fresh |  | Calavo |  | ​ | ​ |  | ​ | ​ |  | Fresh |  | Calavo |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | products | ​ | Foods | ​ | RFG | ​ | Total | ​ | products | ​ | Foods | ​ | RFG | ​ | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Avocados | ​ | ​ | $ | 511,730 | ​ | $ | — | ​ | $ | — | ​ | $ | 511,730 | ​ | $ | 546,433 | ​ | $ | — | ​ | $ | — | ​ | $ | 546,433
Tomatoes | ​ | ​ |  | 31,608 | ​ |  | — | ​ |  | — | ​ |  | 31,608 | ​ |  | 29,199 | ​ |  | — | ​ |  | — | ​ |  | 29,199
Papayas | ​ | ​ |  | 11,699 | ​ |  | — | ​ |  | — | ​ |  | 11,699 | ​ |  | 9,402 | ​ |  | — | ​ |  | — | ​ |  | 9,402
Other fresh products | ​ | ​ |  | 498 | ​ |  | — | ​ |  | — | ​ |  | 498 | ​ |  | 445 | ​ |  | — | ​ |  | — | ​ |  | 445
Prepared avocado products | ​ | ​ |  | — | ​ |  | 99,635 | ​ |  | — | ​ |  | 99,635 | ​ |  | — | ​ |  | 85,204 | ​ |  | — | ​ |  | 85,204
Salsa | ​ | ​ |  | — | ​ |  | 3,423 | ​ |  | — | ​ |  | 3,423 | ​ |  | — | ​ |  | 3,951 | ​ |  | — | ​ |  | 3,951
Fresh-cut fruit & veg. and prepared foods | ​ | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 451,203 | ​ | ​ | 451,203 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 419,973 | ​ | ​ | 419,973
Total gross sales | ​ | ​ |  | 555,535 | ​ |  | 103,058 | ​ |  | 451,203 | ​ |  | 1,109,796 | ​ |  | 585,479 | ​ |  | 89,155 | ​ |  | 419,973 | ​ |  | 1,094,607
Less sales incentives | ​ | ​ |  | (2,327) | ​ |  | (11,412) | ​ |  | (2,273) | ​ |  | (16,012) | ​ |  | (1,503) | ​ |  | (11,576) | ​ |  | (1,465) | ​ |  | (14,544)
Less inter-company eliminations | ​ | ​ |  | (1,554) | ​ | ​ | (3,472) | ​ | ​ | — | ​ | ​ | (5,026) | ​ | ​ | (1,314) | ​ | ​ | (3,184) | ​ | ​ | — | ​ | ​ | (4,498)
Net sales | ​ | ​ | $ | 551,654 | ​ | $ | 88,174 | ​ | $ | 448,930 | ​ | $ | 1,088,758 | ​ | $ | 582,662 | ​ | $ | 74,395 | ​ | $ | 418,508 | ​ | $ | 1,075,565
​ Sales to customers outside the U.S. were approximately $42.5 million, $41.8 million and $29.8 million for fiscal years 2019, 2018, and 2017. ​ RFG segment sales included sales to one customer who represented more than 10% of total consolidated revenues for fiscal 2019, 2018 and 2017. Additionally, the Fresh products segment had sales to one customer that represented more than 10% of total consolidated revenues for fiscal 2019 and 2018. ​ Our goodwill balance of $18.3 million is attributed by segment to Fresh products for $3.9 million and RFG for $14.3 million as of October 31, 2019 and 2018. ​ Long-lived assets attributed to geographic areas as of October 31, are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | United States |  | Mexico |  | Consolidated |
2019 | ​ | $ | 98,224 | ​ | $ | 33,874 | ​ | $ | 132,098 | ​
2018 | ​ | $ | 88,600 | ​ | $ | 33,543 | ​ | $ | 122,143 | ​
​

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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