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Information regarding our operations in different segments | 3 Months Ended
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Jan. 31, 2020
Information regarding our operations in different segments |
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 operations that involve the distribution of avocados and other fresh produce products. The Calavo Foods segment represents 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. Data in the following tables is presented in thousands: ​ ​
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​ | ​ | Three months ended January 31, 2020 | ​ | Three months ended January 31, 2019 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Fresh |  | Calavo |  | ​ | ​ |  | ​ | ​ |  | Fresh |  | Calavo |  | ​ | ​ |  | ​ | ​ | ​
​ | ​ | products | ​ | Foods | ​ | RFG | ​ | Total | ​ | products | ​ | Foods | ​ | RFG | ​ | Total | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Avocados | ​ | $ | 117,884 | ​ | $ | — | ​ | $ | — | ​ | $ | 117,884 | ​ | $ | 103,995 | ​ | $ | — | ​ | $ | — | ​ | $ | 103,995 | ​
Tomatoes | ​ |  | 12,992 | ​ |  | — | ​ |  | — | ​ |  | 12,992 | ​ |  | 11,392 | ​ |  | — | ​ |  | — | ​ |  | 11,392 | ​
Papayas | ​ |  | 2,643 | ​ |  | — | ​ |  | — | ​ |  | 2,643 | ​ |  | 2,939 | ​ |  | — | ​ |  | — | ​ |  | 2,939 | ​
Other fresh products | ​ |  | 127 | ​ |  | — | ​ |  | — | ​ |  | 127 | ​ |  | 80 | ​ |  | — | ​ |  | — | ​ |  | 80 | ​
Prepared avocado products | ​ |  | — | ​ |  | 21,800 | ​ |  | — | ​ |  | 21,800 | ​ |  | — | ​ |  | 24,252 | ​ |  | — | ​ |  | 24,252 | ​
Salsa | ​ |  | — | ​ |  | 719 | ​ |  | — | ​ |  | 719 | ​ |  | — | ​ |  | 853 | ​ |  | — | ​ |  | 853 | ​
Fresh-cut fruit & veg. and prepared foods | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 121,470 | ​ | ​ | 121,470 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 119,541 | ​ | ​ | 119,541 | ​
Total gross sales | ​ |  | 133,646 | ​ |  | 22,519 | ​ |  | 121,470 | ​ |  | 277,635 | ​ |  | 118,406 | ​ |  | 25,105 | ​ |  | 119,541 | ​ |  | 263,052 | ​
Less sales incentives | ​ |  | (457) | ​ |  | (2,036) | ​ |  | (535) | ​ |  | (3,028) | ​ |  | (957) | ​ |  | (2,034) | ​ |  | (477) | ​ |  | (3,468) | ​
Less inter-company eliminations | ​ | ​ | (408) | ​ | ​ | (851) | ​ | ​ | — | ​ | ​ | (1,259) | ​ | ​ | (595) | ​ | ​ | (957) | ​ | ​ | — | ​ | ​ | (1,552) | ​
Net sales | ​ | $ | 132,781 | ​ | $ | 19,632 | ​ | $ | 120,935 | ​ | $ | 273,348 | ​ | $ | 116,854 | ​ | $ | 22,114 | ​ | $ | 119,064 | ​ | $ | 258,032 | ​
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​ |  | Fresh |  | Calavo |  | ​ | ​ | ​ | Interco. |  | ​ | ​ | ​
​ | ​ | products | ​ | Foods | ​ | RFG |  | Elimins. | ​ | Total | ​
​ | ​ | (All amounts are presented in thousands) | ​
Three months ended January 31, 2020 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | ​ | $ | 133,189 | ​ | $ | 20,483 | ​ | $ | 120,935 | ​ | $ | (1,259) | ​ | $ | 273,348 | ​
Cost of sales | ​ | ​ | 126,607 | ​ | ​ | 14,133 | ​ | ​ | 118,059 | ​ | ​ | (1,259) | ​ | ​ | 257,540 | ​
Gross profit | ​ | $ | 6,582 | ​ | $ | 6,350 | ​ | $ | 2,876 | ​ | $ | — | ​ | $ | 15,808 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Three months ended January 31, 2019 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | ​ | $ | 117,449 | ​ | $ | 23,071 | ​ | $ | 119,064 | ​ | $ | (1,552) | ​ | $ | 258,032 | ​
Cost of sales | ​ | ​ | 96,591 | ​ | ​ | 16,327 | ​ | ​ | 115,829 | ​ | ​ | (1,552) | ​ | ​ | 227,195 | ​
Gross profit | ​ | $ | 20,858 | ​ | $ | 6,744 | ​ | $ | 3,235 | ​ | $ | — | ​ | $ | 30,837 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ For the three months ended January 31, 2020 and 2019, intercompany sales and cost of sales of $0.3 million and $0.5 million between Fresh products and RFG were eliminated. For the three months ended January 31, 2020 and 2019, intercompany sales and cost of sales of $0.1 million and $0.1 million between Fresh products and Calavo Foods were eliminated. For the three months ended January 31, 2020 and 2019, intercompany sales and cost of sales of $0.9 million and $1.0 million between Calavo Foods and RFG were eliminated. ​ Sales to customers outside the U.S. were approximately $9.6 million, and $8.4 million for the three months ended January 31, 2020 and 2019. ​ Long-lived assets attributed to geographic areas as of January 31, 2020 and October 31, 2019, are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | United States |  | Mexico |  | Consolidated
January 31, 2020 | ​ | $ | 96,565 | ​ | $ | 34,644 | ​ | $ | 131,209
October 31, 2019 | ​ | $ | 98,224 | ​ | $ | 33,874 | ​ | $ | 132,098
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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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