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Basis of Presentation and Significant Accounting Policies (Tables)

12 Months Ended

Oct. 31, 2023

Basis of Presentation and Significant Accounting Policies

Schedule of Financial Statements of Consignment Arrangements

​

​	​	​	​	​	​	​	​	​	​	​
​		2023			2022			2021
​	​	​	​	​	​	​	​	​	​	​
Sales	​	$	56,811	​	$	59,748	​	$	52,287	​
Cost of Sales	​		51,937	​		53,238	​		45,945	​
Gross Profit	​	$	4,874	​	$	6,510	​	$	6,342	​

Schedule of basic and diluted net income per share

​

Basic and diluted net loss per share is calculated as follows (U.S. dollars in thousands, except per share data):

​

​	​	​	​	​	​	​	​	​	​
​	​	Year ended October 31,
​		2023			2022			2021
Numerator:	​	​	​	​	​	​	​	​	​
Net loss attributable to Calavo Growers, Inc.	​	$	(8,344)	​	$	(6,249)	​	$	(11,818)
Denominator:	​	​	​	​	​	​	​	​	​
Weighted average shares - Basic	​		17,750	​		17,663	​		17,621
Effect on dilutive securities – Restricted stock/units/options (1)	​		—	​		—	​		—
Weighted average shares - Diluted	​		17,750	​		17,663	​		17,621
Net loss per share attributable to Calavo Growers, Inc:	​	​	​	​	​	​	​	​	​
Basic	​	$	(0.47)	​	$	(0.35)	​	$	(0.67)
Diluted	​	$	(0.47)	​	$	(0.35)	​	$	(0.67)

​

(1) For the year ended October 31, 2023, 2022 and 2021, approximately 104,000 shares, 82,000 shares, and 42,000 shares of common stock equivalents were excluded in the computation of diluted net loss per share, respectively, as the effect would be anti-dilutive since the Company reported a net loss.

Schedule of reconciliation of shareholders' equity attributable to noncontrolling interest

The following tables reconcile shareholders’ equity attributable to noncontrolling interest related to Avocados de Jalisco (in thousands).

​

​	​	​	​	​	​	​	​	​
​			Year ended			Year ended		​
Avocados de Jalisco noncontrolling interest		​	October 31, 2023		​	October 31, 2022		​
​	​	​	​	​		​	​	​
Noncontrolling interest, beginning	​	​	$	1,015	​	$	1,368	​
Net income (loss) attributable to noncontrolling interest of Avocados de Jalisco	​	​		377	​		(353)	​
Noncontrolling interest, ending	​	​	$	1,392	​	$	1,015	​

​

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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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