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Earnings per share (Tables)

6 Months Ended

Apr. 30, 2023

Earnings per share

Schedule of basic and diluted net income per share

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


			Three months ended April 30,
		2023			2022
Numerator:
Net loss attributable to Calavo Growers, Inc.		$	(3,995)		$	(191)
Denominator:
Weighted average shares – Basic			17,721			17,664
Effect of dilutive securities – Restricted stock/units/options (1)			—			—
Weighted average shares – Diluted			17,721			17,664
Net loss per share attributable to Calavo Growers, Inc:
Basic		$	(0.23)		$	(0.01)
Diluted		$	(0.23)		$	(0.01)


		Six months ended April 30,
		2023			2022
Numerator:
Net Income (loss) attributable to Calavo Growers, Inc.		$	(7,063)		$	(4,234)
Denominator:
Weighted average shares - Basic			17,697			17,659
Effect on dilutive securities – Restricted stock/units/options (1)			—			—
Weighted average shares - Diluted			17,697			17,659
Net income (loss) per share attributable to Calavo Growers, Inc:
Basic		$	(0.40)		$	(0.24)
Diluted		$	(0.40)		$	(0.24)

(1)

For the three months ended April 30, 2023 and 2022, approximately 162,000 shares and 92,000 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. For the six months ended April 30, 2023 and 2022, approximately 160,000 shares and 59,000 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.