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Earnings per share (Tables)
3 Months Ended
Jan. 31, 2025
Earnings per share  
Schedule of basic and diluted net income per share

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

Three months ended January 31,

    

2025

    

2024

Numerator:

Net income (loss) from continuing operations

$

4,435

$

(2,574)

Less: Net income attributable to noncontrolling interest

(20)

(10)

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

4,415

(2,584)

Net loss from discontinued operations (refer to Note 10)

(3,683)

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

$

4,415

$

(6,267)

Denominator:

Weighted average shares - Basic

 

17,837

 

17,799

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

 

64

 

Weighted average shares - Diluted

 

17,901

 

17,799

Net income (loss) from continuing operations

Basic

$

0.25

$

(0.15)

Diluted

$

0.25

$

(0.15)

Net loss from discontinued operations (refer to Note 10)

Basic

$

$

(0.21)

Diluted

$

$

(0.21)

Net income (loss) per share attributable to Calavo Growers, Inc:

Basic

$

0.25

$

(0.35)

Diluted

$

0.25

$

(0.35)

(1) For the three months ended January 31, 2024, approximately 34,000 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 that period.