XML 69 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED CONDENSED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Jul. 31, 2019
Jul. 31, 2018
Income Statement [Abstract]        
Net sales $ 359,332 $ 296,419 $ 903,601 $ 808,752
Cost of sales 323,557 263,349 800,152 717,403
Gross profit 35,775 33,070 103,449 91,349
Selling, general and administrative 14,295 13,893 44,228 42,285
Gain on sale of Temecula packinghouse 75   2,002  
Operating income 21,555 19,177 61,223 49,064
Interest expense (228) (135) (847) (654)
Other income, net 936 406 2,332 831
Unrealized and realized net loss on Limoneira shares (5,116)   (8,262)  
Income before provision for income taxes and loss from unconsolidated entities 17,147 19,448 54,446 49,241
Provision for income taxes 3,987 3,403 11,093 12,469
Net loss from unconsolidated entities (2,510) (3,677) (11,944) (3,399)
Net income 10,650 12,368 31,409 33,373
Less: Net loss (income) attributable to noncontrolling interest (47) (18) 26 238
Net income attributable to Calavo Growers, Inc. $ 10,603 $ 12,350 $ 31,435 $ 33,611
Calavo Growers, Inc.'s net income per share:        
Basic $ 0.61 $ 0.71 $ 1.79 $ 1.92
Diluted $ 0.60 $ 0.70 $ 1.79 $ 1.91
Number of shares used in per share computation:        
Basic 17,525 17,481 17,517 17,475
Diluted 17,605 17,581 17,589 17,567