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Earnings per share (Tables)
9 Months Ended
Jul. 31, 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 July 31,

    

2023

    

2022

Numerator:

Net income attributable to Calavo Growers, Inc.

$

6,626

$

1,300

Denominator:

Weighted average shares – Basic

 

17,756

 

17,667

Effect of dilutive securities – Restricted stock/units/options

 

100

 

102

Weighted average shares – Diluted

 

17,856

 

17,769

Net income per share attributable to Calavo Growers, Inc:

Basic

$

0.37

$

0.07

Diluted

$

0.37

$

0.07

Nine months ended July 31,

    

2023

    

2022

Numerator:

Net loss attributable to Calavo Growers, Inc.

$

(437)

$

(2,933)

Denominator:

Weighted average shares - Basic

 

17,746

 

17,661

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

 

 

Weighted average shares - Diluted

 

17,746

 

17,661

Net loss per share attributable to Calavo Growers, Inc:

Basic

$

(0.02)

$

(0.17)

Diluted

$

(0.02)

$

(0.17)

(1)For the nine months ended July 31, 2023 and 2022, approximately 89,000 shares and 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 given the Company’s net loss for those periods.