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Earnings per share
3 Months Ended
Jan. 31, 2023
Earnings per share  
Earnings per share

9.

Earnings per share

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

Three months ended January 31,

 

    

2023

    

2022

 

Numerator:

Net loss attributable to Calavo Growers, Inc.

$

(3,068)

$

(4,043)

Denominator:

Weighted average shares – Basic

 

17,673

 

17,653

Effect of dilutive securities – Restricted stock/units/options (1)

 

 

Weighted average shares – Diluted

 

17,673

 

17,653

Net loss per share attributable to Calavo Growers, Inc:

Basic

$

(0.17)

$

(0.23)

Diluted

$

(0.17)

$

(0.23)

(1)For the three months ended January 31, 2023 and 2022, approximately 137,000 shares and 43,000 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, respectively.