XML 20 R6.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Cash Flows from Operating Activities:    
Net income $ 31,409 $ 33,373
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,173 9,796
Provision for losses (gains) on accounts receivable 83 (10)
Net loss from unconsolidated entities 11,945 3,399
Unrealized and realized net loss on Limoneira shares 8,262  
Interest income on notes to FreshRealm (1,643)  
Stock-based compensation expense 2,710 3,716
Gain on sale of Temecula packinghouse (2,002)  
Gain on disposal of property, plant, and equipment   (108)
Deferred income taxes   3,527
Effect on cash of changes in operating assets and liabilities:    
Accounts receivable, net (21,917) (3,652)
Inventories, net (11,296) (4,999)
Prepaid expenses and other current assets (652) (203)
Advances to suppliers 1,215 (775)
Income taxes receivable/payable 3,160 2,353
Other assets (3,754) (3,246)
Payable to growers 20,596 5,500
Deferred rent 954 50
Trade accounts payable, accrued expenses and other long-term liabilities 11,239 (8,753)
Net cash provided by operating activities 60,482 39,968
Cash Flows from Investing Activities:    
Acquisitions of and deposits on property, plant, and equipment (11,701) (11,551)
Proceeds received for repayment of San Rafael note 339 349
Proceeds from sale of Temecula packinghouse 7,100  
Proceeds received from Limoneira stock sales 1,154  
Investment in FreshRealm   (3,500)
Notes receivables advanced to FreshRealm (20,100) (2,500)
Proceeds received for repayment of loan to FreshRealm   2,500
Net cash used in investing activities (23,208) (14,702)
Cash Flows from Financing Activities:    
Payment of dividend to shareholders (17,568) (16,657)
Proceeds from revolving credit facility 195,500 185,500
Payments on revolving credit facility (210,500) (197,500)
Payments of minimum withholding taxes on net share settlement of equity awards (1,008) (1,158)
Payments on long-term obligations (135) (100)
Proceeds from stock option exercises 85 53
Net cash used in financing activities (33,626) (29,862)
Net increase (decrease) in cash and cash equivalents 3,648 (4,596)
Cash and cash equivalents, beginning of period 1,520 6,625
Cash and cash equivalents, end of period 5,168 2,029
Noncash Investing and Financing Activities:    
Acquisitions of property, plant, and equipment with capital lease 2,827  
Capital lease related to Temecula packinghouse 3,306  
Property, plant, and equipment included in trade accounts payable and accrued expenses 2,484 367
Noncash transfer of noncontrolling interest   1,001
Collection for Agricola Belher Infrastructure Advance $ 800 200
Unrealized investment gain   $ 6,758