XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Jul. 31, 2022
Jul. 31, 2021
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED)        
Net sales $ 341,991 $ 285,008 $ 947,501 $ 782,407
Cost of sales 323,477 277,141 894,017 734,101
Gross profit 18,514 7,867 53,484 48,306
Selling, general and administrative 16,713 12,387 48,566 40,374
Expenses related to Mexican tax matters 303 1,342 1,148 1,342
Impairment and charges related to Florida facility closure     959  
Gain on sale of Temecula packinghouse (54) (54) (162) (162)
Operating income (loss) 1,552 (5,808) 2,973 6,752
Interest expense (485) (208) (1,272) (573)
Other income, net 278 180 1,433 792
Recovery on reserve for FreshRealm note receivable   6,000   6,130
Unrealized net gain (loss) on Limoneira shares 1,225 (252) (5,803) 6,843
Income (loss) before income taxes and loss from unconsolidated entities 2,570 (88) (2,669) 19,944
Income tax benefit (provision) (984) (12,358) 363 (17,073)
Net loss from unconsolidated entities (269) (469) (812) (1,755)
Net income (loss) 1,317 (12,915) (3,118) 1,116
Add: Net loss (income) attributable to noncontrolling interest (17) (66) 185 21
Net income (loss) attributable to Calavo Growers, Inc. $ 1,300 $ (12,981) $ (2,933) $ 1,137
Calavo Growers, Inc.'s net income (loss) per share:        
Basic (in dollars per shares) $ 0.07 $ (0.74) $ (0.17) $ 0.06
Diluted (in dollars per shares) $ 0.07 $ (0.74) $ (0.17) $ 0.06
Number of shares used in per share computation:        
Basic 17,667 17,630 17,661 17,616
Diluted 17,769 17,630 17,661 17,669