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Inventories

6 Months Ended

Apr. 30, 2020

Inventories

Inventories

3. Inventories

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Inventories consist of the following (in thousands):

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​	​	​	​	​	​	​	​
​	​	April 30,		​	October 31,		​
​	​	2020		​	2019		​
​	​	​	​	​	​	​	​
Fresh fruit		$	19,419		$	15,874	​
Packing supplies and ingredients	​		11,366	​		11,370	​
Finished prepared foods	​		16,123	​		9,645	​
​	​	$	46,908	​	$	36,889	​

​

Inventories are stated at the lower of cost or net realizable value. We periodically review the value of items in inventory and record any necessary write downs of inventory based on our assessment of market conditions. Inventory includes reserves of $0.3 million in slow moving and obsolete packing supply inventory as of April 30, 2020 and October 31, 2019. No additional inventory reserve was considered necessary as of April 30, 2020 and October 31, 2019.

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- References

No definition available.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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