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Earnings per share

9 Months Ended

Jul. 31, 2022

Earnings per share

Earnings per share

10. Earnings per share

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Basic and diluted net income per share is calculated as follows (data in thousands, except per share data):

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​	​	​	​	​	​	​	​
​	​	​	Three months ended July 31,				​
​		2022			2021		​
Numerator:	​	​	​	​	​	​	​
Net income (loss) attributable to Calavo Growers, Inc.	​	$	1,300	​	$	(12,981)	​
Denominator:	​	​	​	​	​	​	​
Weighted average shares – Basic	​		17,667	​		17,630	​
Effect of dilutive securities – Restricted stock/units/options (1)	​		102	​		—	​
Weighted average shares – Diluted	​		17,769	​		17,630	​
Net income (loss) per share attributable to Calavo Growers, Inc:	​	​	​	​	​	​	​
Basic	​	$	0.07	​	$	(0.74)	​
Diluted	​	$	0.07	​	$	(0.74)	​

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​	​	​	​	​	​	​
​	​	Nine months ended July 31,
​		2022			2021
Numerator:	​	​	​	​	​	​
Net Income (loss) attributable to Calavo Growers, Inc.	​	$	(2,933)	​	$	1,137
Denominator:	​	​	​	​	​	​
Weighted average shares - Basic	​		17,661	​		17,616
Effect on dilutive securities – Restricted stock/units/options (1)	​		—	​		53
Weighted average shares - Diluted	​		17,661	​		17,669
Net income (loss) per share attributable to Calavo Growers, Inc:	​	​	​	​	​	​
Basic	​	$	(0.17)	​	$	0.06
Diluted	​	$	(0.17)	​	$	0.06

​

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(1) For the nine months ended July 31 2022 approximately 65,000 shares of common stock equivalents were excluded in the computation of diluted net loss per share, as the effect would be anti-dilutive since the Company reported a net loss. For the three months ended July 31, 2021 approximately 52,000 share of common stock equivalents were excluded in the computation of dilated net loss per share, as the effect would be anti-dilutive since the Company reported a net loss.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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