XML 86 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2020
Apr. 30, 2019
Income Statement [Abstract]        
Net sales $ 281,166 $ 286,236 $ 554,516 $ 544,268
Cost of sales 259,091 249,399 516,633 476,594
Gross profit 22,075 36,837 37,883 67,674
Selling, general and administrative 14,504 15,657 30,802 29,933
Gain on sale of Temecula packinghouse 54 1,927 108 1,927
Operating income 7,625 23,107 7,189 39,668
Interest expense (342) (365) (529) (619)
Other income, net 628 886 1,622 1,396
Unrealized and realized net gain (loss) on Limoneira shares (10,349) 1,359 (9,343) (3,146)
Income (loss) before provision (benefit) for income taxes and loss from unconsolidated entities (2,438) 24,987 (1,061) 37,299
Provision (benefit) for income taxes (1,208) 5,573 (1,858) 7,106
Net loss from unconsolidated entities (2,177) (3,136) (5,205) (9,434)
Net income (loss) (3,407) 16,278 (4,408) 20,759
Less: Net loss attributable to noncontrolling interest 129 67 192 73
Net income (loss) attributable to Calavo Growers, Inc. $ (3,278) $ 16,345 $ (4,216) $ 20,832
Calavo Growers, Inc.'s net income (loss) per share:        
Basic $ (0.19) $ 0.93 $ (0.24) $ 1.19
Diluted $ (0.19) $ 0.93 $ (0.24) $ 1.18
Number of shares used in per share computation:        
Basic 17,550 17,530 17,543 17,514
Diluted 17,550 17,609 17,543 17,582