XML 27 R17.htm IDEA: XBRL DOCUMENT v3.25.2

Assets Held for Sale and Discontinued Operations

9 Months Ended

Jul. 31, 2025

Assets Held for Sale and Discontinued Operations

Assets Held for Sale and Discontinued Operations

10.Assets Held for Sale and Discontinued Operations

​

In August 2024, we completed the sale of our Fresh Cut business and related real estate for $83 million. The Fresh Cut business represented substantially all the Prepared segment, excluding the retained guacamole business.

​

As previously disclosed, the Fresh Cut business was classified as held for sale and discontinued operations in the first quarter of fiscal 2024. In connection with the sale, we recorded a $9.3 million goodwill impairment charge in the quarter ended July 31, 2024, based on the transaction’s sale price.

​

The following table summarizes the results of operations of the Fresh Cut business that are being reported as discontinued operations (in thousands):

​	​	​	​	​	​
​	Three months ended		​	Nine months ended
​	July 31,		​	July 31,
​	2024		​	2024
​	​		​	​	​
Net sales	$	88,586		$	258,958
Cost of sales		81,224	​	​	246,955
Gross profit		7,362	​	​	12,003
Selling, general and administrative		4,193	​	​	12,896
Impairment of goodwill	​	9,280	​	​	9,280
Operating loss	​	(6,111)	​	​	(10,173)
Interest expense	​	(23)	​	​	(77)
Other income, net		7	​	​	32
Loss from discontinued operations before income taxes and gain on sale	​	(6,127)	​	​	(10,218)
Income tax benefit		—	​	​	—
Net loss from discontinued operations	$	(6,127)	​	$	(10,218)

​

Select cash flow information related to the Fresh Cut business follows (in thousands):

​	​	​	​	​	​	​
​	​	​	​	Nine months ended		​
​	​	​	​	July 31,		​
​	​	​	​	2024		​
​	​	​	​	​		​
Net cash used in operating activities	​	​	​	$	(7,071)	​
Net cash used in investing activities	​	​	​	$	(355)	​

​

X

- References

No definition available.

+ Details

Name:	us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/205-20/tableOfContent

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/360/tableOfContent

+ Details

Name:	us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration