XML 24 R12.htm IDEA: XBRL DOCUMENT
v3.21.4

Property, Plant, and Equipment | 12 Months Ended
--- | ---
Oct. 31, 2021
Property, Plant, and Equipment |
Property, Plant, and Equipment | 4. Property, Plant, and Equipment ​ Property, plant, and equipment consist of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | October 31, |
​ | ​ | 2021 | ​ | 2020 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Land |  | $ | 11,008 |  | $ | 11,008 | ​
Buildings and improvements | ​ |  | 46,133 | ​ |  | 44,984 | ​
Leasehold improvements | ​ |  | 25,114 | ​ |  | 33,047 | ​
Equipment | ​ |  | 115,942 | ​ |  | 108,505 | ​
Information systems - hardware and software | ​ |  | 11,598 | ​ |  | 11,385 | ​
Construction in progress | ​ |  | 5,802 | ​ |  | 5,244 | ​
​ | ​ |  | 215,597 | ​ |  | 214,173 | ​
Less accumulated depreciation and amortization | ​ |  | (97,317) | ​ |  | (83,903) | ​
​ | ​ | $ | 118,280 | ​ | $ | 130,270 | ​
​ Depreciation expense was $14.5 million, $13.9 million and $13.0 million for fiscal years 2021, 2020, and 2019. Included in property, plant, and equipment is finance leases. Amortization of finance leases was $1.8 million and $1.0 million for fiscal years 2021 and 2020. ​ In February 2016, the FASB issued ASU 2016-02, Leases, and has subsequently issued several supplemental and/or clarifying ASU's (collectively, "Topic 842"), which requires a dual approach for lease accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases result in the lessee recognizing a right of use asset and a corresponding lease liability. For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset, and for operating leases, the lessee would recognize lease expense on a straight-line basis. See Note 17. ​ On October 18, 2021, the Company announced the closure of RFG’s food processing operations at its Green Cove Springs (near Jacksonville), Florida facility, as part of its Project Uno profit improvement program. As of November 15, the Green Cove facility of RFG has ceased operations. The Company’s Fresh avocado operations at this facility will continue in operation and are not affected. RFG will continue to serve customers of this location from its other food processing locations, primarily in Georgia. ​ The closure resulted in a reduction of 140 employees, impairment of leasehold improvements, writedowns of inventory and other assets, and certain cash expenditures for the relocation of machinery and equipment and the closure of the leased facilities. See Note 18 for further information.

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration