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Earnings per share
6 Months Ended
Apr. 30, 2024
Earnings per share  
Earnings per share

9.

Earnings per share

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

Three months ended April 30,

    

2024

    

2023

Numerator:

Net income from continuing operations

$

6,507

$

1,447

Add: Net income attributable to noncontrolling interest

(37)

(35)

Net income from continuing operations attributable to Calavo Growers, Inc.

6,470

1,412

Net loss from discontinued operations (refer to Note 11)

(408)

(5,407)

Net income (loss) attributable to Calavo Growers, Inc.

$

6,062

$

(3,995)

Denominator:

Weighted average shares - Basic

 

17,800

 

17,721

Effect on dilutive securities – Restricted stock/units/options

 

72

 

162

Weighted average shares - Diluted

 

17,872

 

17,883

Net income from continuing operations

Basic

$

0.36

$

0.08

Diluted

$

0.36

$

0.08

Net loss from discontinued operations (refer to Note 11)

Basic

$

(0.02)

$

(0.31)

Diluted

$

(0.02)

$

(0.31)

Net loss per share attributable to Calavo Growers, Inc:

Basic

$

0.34

$

(0.23)

Diluted

$

0.34

$

(0.23)

Six months ended April 30,

    

2024

    

2023

Numerator:

Net income from continuing operations

$

3,933

$

1,002

Add: Net income attributable to noncontrolling interest

(47)

(308)

Net income (loss) from continuing operations attributable to Calavo Growers, Inc.

3,886

694

Net loss from discontinued operations (refer to Note 11)

(4,091)

(7,757)

Net income (loss) attributable to Calavo Growers, Inc.

$

(205)

$

(7,063)

Denominator:

Weighted average shares - Basic

 

17,800

 

17,697

Effect on dilutive securities – Restricted stock/units/options

 

66

 

160

Weighted average shares - Diluted

 

17,866

 

17,857

Net income from continuing operations

Basic

$

0.22

$

0.04

Diluted

$

0.22

$

0.04

Net loss from discontinued operations (refer to Note 11)

Basic

$

(0.23)

$

(0.44)

Diluted

$

(0.23)

$

(0.44)

Net loss per share attributable to Calavo Growers, Inc:

Basic

$

(0.01)

$

(0.40)

Diluted

$

(0.01)

$

(0.40)