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Segment Information | 12 Months Ended
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Oct. 31, 2023
Segment Information |
Segment Information | 10. Segment Information ​ Calavo operates in two segments, Grown and Prepared. The Grown segment consists of fresh avocados, tomatoes and papayas. The Prepared segment comprises all other products including fresh-cut fruits and vegetables, ready-to-eat sandwiches, wraps, salads and snacks, and guacamole sold at retail and food service as well as avocado pulp sold to foodservice. ​ These two business segments are presented based on how information is used by our Chief Executive Officer (our Chief Operating Decision Maker) to measure performance and allocate resources. Selling, general and administrative expenses, as well as other non-operating income/expense items, are evaluated by our Chief Executive Officer in the aggregate. We do not allocate assets, or specifically identify them, to our operating segments. Prior year information has been recast to conform with the new segment disclosures. ​ The following table sets forth sales, cost of sales, and gross profit by segment (in thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Intersegment |  | ​ | ​ | ​
​ | ​ | Grown | ​ | Prepared | ​ | Elimins. | ​ | Total | ​
​ | ​ | (All amounts are presented in thousands) | ​
Year ended October 31, 2023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | ​ | $ | 529,025 | ​ | $ | 444,552 | ​ | $ | (1,629) | ​ | $ | 971,948 | ​
Cost of sales | ​ | ​ | 476,862 | ​ | ​ | 426,759 | ​ | ​ | (1,629) | ​ | ​ | 901,992 | ​
Gross profit | ​ | $ | 52,163 | ​ | $ | 17,793 | ​ | $ | — | ​ | $ | 69,956 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year ended October 31, 2022 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net sales | ​ | $ | 700,270 | ​ | $ | 492,868 | ​ | $ | (2,065) | ​ | $ | 1,191,073 | ​
Cost of sales | ​ | ​ | 650,105 | ​ | ​ | 469,188 | ​ | ​ | (2,065) | ​ | ​ | 1,117,228 | ​
Gross profit | ​ | $ | 50,165 | ​ | $ | 23,680 | ​ | $ | — | ​ | $ | 73,845 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ For fiscal year 2023, 2022 and 2021, intersegment sales and cost of sales of $1.6 million, $2.1 million and $2.5 million, respectively, between Grown and Prepared were eliminated. ​ The following table sets forth sales by product category, by segment (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended October 31, 2023 | ​ | Year ended October 31, 2022 | ​
​ |  | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ |  | ​ | ​ | ​
​ | ​ | Grown | ​ | Prepared | ​ | Total | ​ | Grown | ​ | Prepared | ​ | Total | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Avocados | ​ | $ | 466,385 | ​ | $ | — | ​ | $ | 466,385 | ​ | $ | 645,944 | ​ | $ | — | ​ | $ | 645,944 | ​
Tomatoes | ​ |  | 56,298 | ​ |  | — | ​ |  | 56,298 | ​ |  | 47,288 | ​ |  | — | ​ |  | 47,288 | ​
Papayas | ​ |  | 10,432 | ​ |  | — | ​ |  | 10,432 | ​ |  | 11,422 | ​ |  | — | ​ |  | 11,422 | ​
Other fresh income | ​ |  | 100 | ​ |  | — | ​ |  | 100 | ​ |  | 123 | ​ |  | — | ​ |  | 123 | ​
Fresh-cut products | ​ | ​ | — | ​ | ​ | 383,028 | ​ | ​ | 383,028 | ​ | ​ | — | ​ | ​ | 426,161 | ​ | ​ | 426,161 | ​
Guacamole | ​ | ​ | — | ​ |  | 70,611 | ​ |  | 70,611 | ​ |  | — | ​ |  | 74,970 | ​ |  | 74,970 | ​
Salsa | ​ |  | — | ​ |  | 796 | ​ |  | 796 | ​ |  | — | ​ |  | 1,860 | ​ |  | 1,860 | ​
Total gross sales | ​ |  | 533,215 | ​ |  | 454,435 | ​ |  | 987,650 | ​ |  | 704,777 | ​ |  | 502,991 | ​ |  | 1,207,768 | ​
Less sales allowances | ​ |  | (4,190) | ​ |  | (9,883) | ​ |  | (14,073) | ​ |  | (4,507) | ​ |  | (10,123) | ​ |  | (14,630) | ​
Less intersegment eliminations | ​ | ​ | (1,629) | ​ | ​ | — | ​ | ​ | (1,629) | ​ | ​ | (2,065) | ​ | ​ | — | ​ | ​ | (2,065) | ​
Net sales | ​ | $ | 527,396 | ​ | $ | 444,552 | ​ | $ | 971,948 | ​ | $ | 698,205 | ​ | $ | 492,868 | ​ | $ | 1,191,073 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended October 31, 2022 | ​ | Year ended October 31, 2021 | ​
​ |  | ​ |  | ​ |  | ​ | ​ |  | ​ |  | ​ |  | ​ | ​ | ​
​ | ​ | Grown | ​ | Prepared | ​ | Total | ​ | Grown | ​ | Prepared | ​ | Total | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Avocados | ​ | $ | 645,944 | ​ | $ | — | ​ | $ | 645,944 | ​ | $ | 536,969 | ​ | $ | — | ​ | $ | 536,969 | ​
Tomatoes | ​ |  | 47,288 | ​ |  | — | ​ |  | 47,288 | ​ |  | 43,658 | ​ |  | — | ​ |  | 43,658 | ​
Papayas | ​ |  | 11,422 | ​ |  | — | ​ |  | 11,422 | ​ |  | 10,884 | ​ |  | — | ​ |  | 10,884 | ​
Other fresh income | ​ |  | 123 | ​ |  | — | ​ |  | 123 | ​ |  | 693 | ​ |  | — | ​ |  | 693 | ​
Fresh-cut products | ​ | ​ | — | ​ | ​ | 426,161 | ​ | ​ | 426,161 | ​ | ​ | — | ​ | ​ | 403,017 | ​ | ​ | 403,017 | ​
Guacamole | ​ | ​ | — | ​ | ​ | 74,970 | ​ | ​ | 74,970 | ​ | ​ | — | ​ | ​ | 75,681 | ​ | ​ | 75,681 | ​
Salsa | ​ |  | — | ​ |  | 1,860 | ​ |  | 1,860 | ​ |  | — | ​ |  | 2,784 | ​ |  | 2,784 | ​
Total gross sales | ​ |  | 704,777 | ​ |  | 502,991 | ​ |  | 1,207,768 | ​ |  | 592,204 | ​ |  | 481,482 | ​ |  | 1,073,686 | ​
Less sales allowances | ​ |  | (4,507) | ​ |  | (10,123) | ​ |  | (14,630) | ​ |  | (3,677) | ​ |  | (11,682) | ​ |  | (15,359) | ​
Less intersegment eliminations | ​ | ​ | (2,065) | ​ | ​ | — | ​ | ​ | (2,065) | ​ | ​ | (2,497) | ​ | ​ | — | ​ | ​ | (2,497) | ​
Net sales | ​ | $ | 698,205 | ​ | $ | 492,868 | ​ | $ | 1,191,073 | ​ | $ | 586,030 | ​ | $ | 469,800 | ​ | $ | 1,055,830 | ​
​ Sales to customers outside the U.S. were approximately $34.6 million, $27.8 million and $34.8 million for fiscal years 2023, 2022, and 2021, respectively. ​ Prepared segment sales included sales to two customers who represented more than 10% of total consolidated revenues for fiscal 2023. Prepared segment sales included sales to one customer who represented more than 10% of total consolidated revenues for fiscal 2022 and 2021. Additionally, the Grown products segment had sales to one customer that represented more than 10% of total consolidated revenues for fiscal 2021. ​ Our goodwill balance of $28.7 million is attributed by segment to Grown for $4.0 million and Prepared for $24.7 million as of October 31, 2023 and 2022, respectively. ​ Long-lived assets attributed to geographic areas as of October 31, are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | United States |  | Mexico |  | Consolidated
October 31, 2023 | ​ | $ | 77,791 | ​ | $ | 34,938 | ​ | $ | 112,729
October 31, 2022 | ​ | $ | 77,208 | ​ | $ | 36,102 | ​ | $ | 113,310
​

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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