Calavo Growers (CVGW) 10-Q 8 Jun 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Apr. 30, 2016shares
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Entity Registrant Name	CALAVO GROWERS INC
Entity Central Index Key	1,133,470
Current Fiscal Year End Date	--10-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	17,435,408

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Apr. 30, 2016	Oct. 31, 2015
Current assets:
Cash and cash equivalents	$ 7,888	$ 7,171
Accounts receivable, net of allowances of $2,468 (2016) $2,312 (2015)	75,888	58,606
Inventories, net	29,849	26,351
Prepaid expenses and other current assets	14,540	15,763
Advances to suppliers		2,820
Income taxes receivable		6,111
Total current assets	128,165	116,822
Property, plant, and equipment, net	75,299	69,448
Investment in Limoneira Company	30,924	27,415
Investment in unconsolidated entities	19,761	19,720
Deferred income taxes	17,462	19,277
Goodwill	18,262	18,262
Other assets	14,220	14,001
Total assets	304,093	284,945
Current liabilities:
Payable to growers	19,613	3,924
Trade accounts payable	21,285	19,600
Accrued expenses	22,776	21,311
Income taxes payable	1,358
Short-term borrowings	31,990	36,910
Dividend payable		13,907
Current portion of long-term obligations	642	2,206
Total current liabilities	97,664	97,858
Long-term liabilities:
Long-term obligations, less current portion	519	586
Deferred income taxes	234	234
Total long-term liabilities	$ 753	$ 820
Commitments and contingencies
Noncontrolling interest, Calavo Salsa Lisa	$ 285	$ 285
Shareholders' equity:
Common stock ($0.001 par value, 100,000 shares authorized; 17,435 (2016) and 17,385 (2015) shares issued and outstanding	17	17
Additional paid-in capital	148,193	147,063
Accumulated other comprehensive income	4,647	2,419
Noncontrolling interest	1,025	1,011
Retained earnings	51,509	35,472
Total shareholders' equity	205,391	185,982
Total liabilities and shareholders' equity	$ 304,093	$ 284,945

CONSOLIDATED CONDENSED BALANCE3

CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED) (PARENTHETICAL) - USD ($) shares in Thousands, $ in Thousands	Apr. 30, 2016	Oct. 31, 2015
Statement of Financial Position [Abstract]
Allowances of accounts receivable	$ 2,468	$ 2,312
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000	100,000
Common stock, shares issued	17,435	17,385
Common stock, shares outstanding	17,435	17,385

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Income Statement [Abstract]
Net sales	$ 220,303	$ 221,589	$ 424,878	$ 416,380
Cost of sales	193,496	198,614	377,073	375,600
Gross margin	26,807	22,975	47,805	40,780
Selling, general and administrative	11,658	9,986	22,579	19,496
Operating income	15,149	12,989	25,226	21,284
Interest expense	(185)	(236)	(402)	(459)
Other income, net	273	309	514	426
Income before provision for income taxes	15,237	13,062	25,338	21,251
Provision for income taxes	5,561	4,590	9,286	7,480
Net income	9,676	8,472	16,052	13,771
Less: Net income (loss) attributable to noncontrolling interest	13		(14)
Net income attributable to Calavo Growers, Inc.	$ 9,689	$ 8,472	$ 16,038	$ 13,771
Calavo Growers, Inc.'s net income per share:
Basic	$ 0.56	$ 0.49	$ 0.93	$ 0.80
Diluted	$ 0.56	$ 0.49	$ 0.92	$ 0.79
Number of shares used in per share computation:
Basic	17,348,144	17,300,317	17,335,042	17,297,686
Diluted	17,445,445	17,382,779	17,415,418	17,343,343

CONSOLIDATED CONDENSED STATEME5

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 9,676	$ 8,472	$ 16,052	$ 13,771
Net income attributable to parent	9,689	8,472	16,038	13,771
Other comprehensive income (loss), before tax:
Unrealized investment gains (losses) arising during period	9,179	3,699	3,509	(4,702)
Income tax (expense) benefit related to items of other comprehensive income (loss)	(3,350)	(1,295)	(1,281)	1,646
Other comprehensive income (loss), net of tax	5,829	2,404	2,228	(3,056)
Comprehensive income	15,505	10,876	18,266	10,715
Less: Net income (loss) attributable to noncontrolling interest	13		(14)
Comprehensive income – Calavo Growers, Inc	$ 15,518	$ 10,876	$ 18,252	$ 10,715

CONSOLIDATED CONDENSED STATEME6

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015
Cash Flows from Operating Activities:
Net income	$ 16,052	$ 13,771
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	4,286	3,965
Provision for losses on accounts receivable		30
Loss (income) from unconsolidated entities	(39)	20
Stock compensation expense	1,019	719
Deferred income taxes	597
Effect on cash of changes in operating assets and liabilities:
Accounts receivable	(17,282)	(23,905)
Inventories, net	(3,498)	(70)
Prepaid expenses and other current assets	(3,851)	(1,381)
Advances to suppliers	2,820	3,182
Income taxes receivable/payable	7,580	623
Other assets	31	25
Payable to growers	15,686	18,419
Trade accounts payable and accrued expenses	2,944	(638)
Net cash provided by operating activities	26,345	14,760
Cash Flows from Investing Activities:
Acquisitions of property, plant, and equipment	(9,198)	(6,663)
Proceeds received for repayment of San Rafael note	28
Proceeds received for repayment of loan to Agricola Don Memo	4,000
Net cash used in investing activities	(5,170)	(6,663)
Cash Flows from Financing Activities:
Payment of dividend to shareholders	(13,907)	(12,970)
Proceeds from revolving credit facility	106,380	141,470
Payments on revolving credit facility	(111,300)	(132,220)
Payments on long-term obligations	(1,631)	(2,087)
Proceeds from stock option exercises		235
Net cash used in financing activities	(20,458)	(5,572)
Net increase in cash and cash equivalents	717	2,525
Cash and cash equivalents, beginning of period	7,171	6,744
Cash and cash equivalents, end of period	7,888	9,269
Noncash Investing and Financing Activities:
Construction in progress included in trade accounts payable and accrued expenses	143
Unrealized holding gains (losses)	$ 3,509	$ (4,702)

Description of the business

Description of the business	6 Months Ended
	Apr. 30, 2016
Accounting Policies [Abstract]
Description of the business	1. Description of the business Business Calavo Growers, Inc. (Calavo, the Company, we, us or our), is a global leader in the avocado industry and an expanding provider of value-added fresh food. Our expertise in marketing and distributing avocados, prepared avocados, and other perishable foods allows us to deliver a wide array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, and restaurants on a worldwide basis. We procure avocados principally from California and Mexico. Through our various operating facilities, we (i) sort, pack, and/or ripen avocados, tomatoes and/or Hawaiian grown papayas, (ii) process and package fresh cut fruit and vegetables, salads, wraps, sandwiches, fresh snacking products and a variety of behind-the-glass deli items and (iii) produce and package guacamole and salsa. The accompanying unaudited consolidated condensed financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States and with the instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. In the opinion of management, the accompanying unaudited consolidated condensed financial statements contain all adjustments, consisting of adjustments of a normal recurring nature necessary to present fairly the Company’s financial position, results of operations and cash flows. The results of operations for interim periods are not necessarily indicative of the results that may be expected for a full year. These statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2015. Recently Issued Accounting Standards In March 2016, the Financial Accounting Standards Board ("FASB") issued an Accounting Standards Update ("ASU"), which simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. This ASU will be effective for us beginning the first day of our 2017 fiscal year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, result of operations and cash flows, but do not expect the adoption of this ASU to have a significant effect. In February 2016, the FASB issued an ASU, which requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases will result in the lessee recognizing a right-of use asset and a corresponding lease liability. For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset, and for operating leases, the lessee would recognize a straight-line total lease expense. The guidance also requires qualitative and specific quantitative disclosures to supplement the amounts recorded in the financial statements so that users can understand more about the nature of an entity’s leasing activities, including significant judgments and changes in judgments. This ASU will be effective for us beginning the first day of our 2019 fiscal year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, result of operations and cash flows, but do not expect the adoption of this ASU to have a significant effect. In January 2016, the FASB issued an ASU, which requires equity investments (except those accounted for under the equity method of accounting) to be measured at fair value with changes in fair value recognized in net income. The guidance is effective for interim and annual periods beginning after December 15, 2017. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, result of operations and cash flows. In November 2015, the FASB issued an ASU, which amends the existing accounting standards for income taxes. The amendment required companies to report their deferred tax liabilities and deferred tax assets each as a single non-current item on their classified balance sheets. The Company elected to adopt the amendments in the first quarter of fiscal year 2016 and applied them prospectively to the current period presented, as permitted by the standard. The adoption of the amendments had no impact on the Company's net earnings or cash flow from operations for any period presented. In July 2015, the FASB issued an ASU for measuring inventory. The core principal of the guidance is that an entity should measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The guidance is effective for us on a prospective basis beginning on the first day of our fiscal 2017 year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, result of operations and cash flows, but do not expect the adoption of this ASU to have a significant effect. In May 2014, the FASB amended the existing accounting standards for revenue recognition. The amendments are based on the principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We are required to adopt the amendments in the first quarter of fiscal 2018. Early adoption is not permitted. The amendments may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. We do not expect the adoption of these amendments to have a material impact on our financial statements.

Information regarding our opera

Information regarding our operations in different segments	6 Months Ended
	Apr. 30, 2016
Segment Reporting [Abstract]
Information regarding our operations in different segments	2. Information regarding our operations in different segments We report our operations in three different business segments: (1) Fresh products, (2) Calavo Foods, and (3) RFG. These three business segments are presented based on how information is used by our Chief Executive Officer to measure performance and allocate resources. The Fresh products segment includes all operations that involve the distribution of avocados and other fresh produce products. The Calavo Foods segment represents all operations related to the purchase, manufacturing, and distribution of prepared products, including guacamole and salsa. The RFG segment represents all operations related to the manufacturing and distribution of fresh-cut fruit, ready-to-eat vegetables, recipe-ready vegetables and deli products. 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. The following table sets forth sales by product category, by segment (in thousands): Three months ended April 30, 2016 Three months ended April 30, 2015 Fresh Calavo Fresh Calavo products Foods RFG Total products Foods RFG Total Third-party sales: Avocados $ $ — $ — $ $ $ — $ — $ Tomatoes — — — — Papayas — — — — Other fresh products — — — — Food service — — — — Retail and club — — Total gross sales Less sales incentives Net sales $ $ $ $ $ $ $ $ Six months ended April 30, 2016 Six months ended April 30, 2015 Fresh Calavo Fresh Calavo products Foods RFG Total products Foods RFG Total Third-party sales: Avocados $ $ — $ — $ $ $ — $ — $ Tomatoes — — — — Papayas — — — — Other fresh products — — — — Food service — — — — Retail and club — — Total gross sales Less sales incentives Net sales $ $ $ $ $ $ $ $ Fresh Calavo products Foods RFG Total (All amounts are presented in thousands) Three months ended April 30, 2016 Net sales $ $ $ $ Cost of sales Gross margin $ $ $ $ Three months ended April 30, 2015 Net sales $ $ $ $ Cost of sales Gross margin $ $ $ $ For the three months ended April 30, 2016 and 2015, inter-segment sales and cost of sales of $1.3 million and $0.5 million between Fresh products and RFG were eliminated. For the three months ended April 30, 2016 and 2015, inter-segment sales and cost of sales of $0.6 million and $0.5 million between Calavo Foods and RFG were eliminated. Fresh Calavo products Foods RFG Total (All amounts are presented in thousands) Six months ended April 30, 2016 Net sales $ $ $ $ Cost of sales Gross margin $ $ $ $ Six months ended April 30, 2015 Net sales $ $ $ $ Cost of sales Gross margin $ $ $ $ For the six months ended April 30, 2016 and 2015, inter-segment sales and cost of sales of $1.4 million and $0.7 million between Fresh products and RFG were eliminated. For the six months ended April 30, 2016 and 2015, inter-segment sales and cost of sales of $1.3 million and $0.7 million between Calavo Foods and RFG were eliminated.

Inventories

Inventories	6 Months Ended
	Apr. 30, 2016
Inventory Disclosure [Abstract]
Inventories	3. Inventories Inventories consist of the following (in thousands): April 30, October 31, 2016 2015 Fresh fruit $ $ Packing supplies and ingredients Finished prepared foods $ $ Inventories are stated at the lower of cost or market. We periodically review the value of items in inventory and record any necessary reserves of inventory based on our assessment of market conditions. No inventory reserve was considered necessary as of April 30, 2016 and October 31, 2015.

Related party transactions

Related party transactions	6 Months Ended
	Apr. 30, 2016
Related Party Transactions [Abstract]
Related party transactions	4. Related party transactions Certain members of our Board of Directors market California avocados through Calavo pursuant to marketing agreements substantially similar to the marketing agreements that we enter into with other growers. During the three months ended April 30, 2016 and 2015, the aggregate amount of avocados procured from entities owned or controlled by members of our Board of Directors was $3.3 million and $5.7 million. During the six months ended April 30, 2016 and 2015, the aggregate amount of avocados procured from entities owned or controlled by members of our Board of Directors was $3.4 million and $6.3 million. Amounts payable to these Board members were $2.2 million as of April 30, 2016. We did not have any amounts payable to these Board members as of October 31, 2015. During the three and six months ended April 30, 2016 and 2015, we received $0.1 million as dividend income from Limoneira Company (Limoneira). In addition, we lease office space from Limoneira and paid rental expenses of $0.1 million for the three and six months ended April 30, 2016 and 2015. Harold Edwards, who is a member of our Board of Directors, is the Chief Executive Officer of Limoneira Company. We have a 12% ownership interest in Limoneira. Additionally, our Chief Executive Officer is a member of the Limoneira Board of Directors. We currently have a member of our Board of Directors who also serves as a partner in the law firm of TroyGould PC, which frequently represents Calavo as legal counsel. During the three and six months ended April 30, 2016 and 2015, Calavo Growers, Inc. paid fees totaling approximately $0.1 million to TroyGould PC. In December 2014, Calavo formed a wholly owned subsidiary Calavo Growers De Mexico, S. de R.L. de C.V. (Calavo Sub). In July 2015, Calavo Sub entered into a Shareholder Agreement with Grupo Belo del Pacifico, S.A. de C.V., (Belo) a Mexican Company owned by Agricola Belher, and formed Agricola Don Memo, S.A. de C.V. (Don Memo). Belo and Calavo Sub have an equal one -half ownership interest in Don Memo in exchange for $2 million each. Pursuant to a management service agreement, Belo, through its officers and employees, has day-to-day power and authority to manage the operations. Belo is entitled to a management fee, as defined, which is payable annually in July of each year. Additionally, Calavo Sub is entitled to commission, for the sale of produce in the Mexican National Market, United States, Canada, and any other overseas market. We loaned a total of $4.0 million to Don Memo since its formation. These monies, effectively a bridge loan, were replaced with a new loan to Don Memo from Bank of America, N.A. (BoA) during our first fiscal quarter of 2016 and our bridge loan was repaid from the proceeds of the new loan. Also, in January 2016, Calavo and BoA, entered into a Continuing and Unconditional Guaranty agreement (the Guaranty). Under the terms of the Guaranty, Calavo unconditionally guarantees and promises to pay BoA any and all Indebtedness, as defined therein, of our unconsolidated subsidiary Don Memo to BoA. Belo has also entered into a similar guarantee with BoA. These guarantees relate to a new loan in the amount of $4.5 million loan from BoA to Don Memo that closed in January 2016. Additionally, $2.0 million, representing Calavo Sub’s 50% ownership in Don Memo, is included in investment in unconsolidated entities on our balance sheet. We make advances to Don Memo for operating purposes, provide additional advances as shipments are made during the season, and return the proceeds from tomato sales under this program to Don Memo, net of our commission and aforementioned advances. As of April 30, 2016 and October 31, 2015, we advanced $0.7 million and $1.8 million to Don Memo, which is recorded in advances to suppliers and netted with payable to growers. During the three and six months ended April 30, 2016, we incurred $0.2 million and $2.1 million to Don Memo pursuant to our consignment agreement. We had grower advances due from Belher of $3.3 million and $3.0 million as of April 30, 2016 and October 31, 2015. In addition, we had infrastructure advances due from Belher of $1.8 million as of April 30, 2016 and October 31, 2015. Of these infrastructure advances $1.0 million was recorded as receivable in prepaid and other current assets. The remaining $0.8 million of these infrastructure advances are recorded in other assets. During the three months ended April 30, 2016 and 2015, we incurred $13.4 million and $8.7 million to Belher pursuant to our consignment agreement. During the six months ended April 30, 2016 and 2015, we incurred $25.5 million and $14.1 million to Belher pursuant to our consignment agreement. In August 2015, we entered into Shareholder’s Agreement with various partners and created Avocados de Jalisco, S.A.P.I. de C.V. (“Avocados de Jalisco”). Avocados de Jalisco is a Mexican corporation created to engage in procuring, packing and selling avocados. This entity is approximately 80% owned by Calavo and was consolidated in our financial statements. Avocados de Jalisco is currently building a packinghouse located in Jalisco, Mexico and such packinghouse is expected to be operational in the third quarter of 2016. As of April 30, 2016 and October 31, 2015, we have made preseason advances of approximately $0.2 million and $0.3 million to various partners of Avocados de Jalisco. The three previous owners and current executives of RFG have a majority ownership of certain entities that provide various services to RFG. RFG’s California operating facility leases a building from LIG partners, LLC (LIG) pursuant to an operating lease. RFG’s Texas operating facility leases a building from THNC, LLC (THNC) pursuant to an operating lease. Additionally, RFG sells cut produce and purchases raw materials, obtains transportation services, and shares costs for certain utilities with Third Coast Fresh Distribution (Third Coast). LIG, THNC and Third Coast are majority owned by entities owned by three employees of Calavo (former/current executives of RFG). See the following tables for the related party activity and balances for fiscal year 2016 and 2015: Three months ended April 30, (in thousands) 2016 2015 Rent paid to LIG $ $ Rent paid to THNC, LLC $ $ Sales to Third Coast $ - $ Purchases from Third Coast $ - $ Six months ended April 30, (in thousands) 2016 2015 Rent paid to LIG $ $ Rent paid to THNC, LLC $ $ Sales to Third Coast $ - $ Purchases from Third Coast $ - $

Other assets

Other assets	6 Months Ended
	Apr. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other assets	5. Other assets Other assets consist of the following (in thousands): April 30, October 31, 2016 2015 Intangibles, net $ $ Mexican IVA (i.e. value-added) taxes receivable Grower advances Loan to Agricola Belher Loan to FreshRealm members Notes receivable from San Rafael Other $ $ Intangible assets consist of the following (in thousands): April 30, 2016 October 31, 2015 Weighted- Gross Net Gross Net Average Carrying Accum. Book Carrying Accum. Book Useful Life Value Amortization Value Value Amortization Value Customer list/relationships 8.0 years $ $ $ $ $ $ Trade names 8.2 years Trade secrets/recipes 9.3 years Brand name intangibles indefinite — — Non-competition agreements 5.0 years Intangibles, net $ $ $ $ $ $ We anticipate recording amortization expense of approximately $0.6 million for the remainder of fiscal 2016, with $1.1 million for fiscal year 2017 and 2018 , $0.7 million for each of the fiscal year 2019 , and $0.2 million for years thereafter, through fiscal year 2023.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Apr. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	6. Stock-Based Compensation In April 2011, our shareholders approved the Calavo Growers, Inc. 2011 Management Incentive Plan (the “2011 Plan”). All directors, officers, employees and consultants (including prospective directors, officers, employees and consultants) of Calavo and its subsidiaries are eligible to receive awards under the 2011 Plan. Up to 1,500,000 shares of common stock may be issued by Calavo under the 2011 Plan. On January 4, 2016, all 12 of our non-employee directors were granted 1,750 restricted shares each (total of 21,000 shares). These shares have full voting rights and participate in dividends as if unrestricted. The closing price of our stock on such date was $48.46 . On January 3, 2017, as long as the directors are still serving on the board, these shares lose their restriction and become non-forfeitable and transferable. These shares were granted pursuant to our 2011 Management Incentive Plan. The total recognized stock-based compensation expense for these grants was $0.3 million for the three and six months ended April 30, 2016. On January 8, 2016, our executive officers were granted a total of 24,582 restricted shares. These shares have full voting rights and participate in dividends as if unrestricted. The closing price of our stock on such date was $48.68 . These shares vest in one-third increments, on an annual basis , beginning January 8, 2017 . These shares were granted pursuant to our 2011 Management Incentive Plan. The total recognized stock-based compensation expense for these grants was $0.1 million for the three and six months ended April 30, 2016. A summary of restricted stock activity, related to our 2011 Management Incentive Plan, is as follows (in thousands, except for per share amounts): Weighted-Average Aggregate Number of Shares Grant Price Intrinsic Value Outstanding at October 31, 2015 $ Vested $ Granted $ Outstanding at April 30, 2016 $ $ The total recognized stock-based compensation expense for restricted stock was $0.6 million and $1.0 million for the three and six months ended April 30, 2016. Stock options are granted with exercise prices of not less than the fair market value at grant date, generally vest over one to five years and generally expire two to five years after the grant date. We settle stock option exercises with newly issued shares of common stock. We measure compensation cost for all stock-based awards at fair value on the date of grant and recognize compensation expense in our consolidated statements of operations over the service period that the awards are expected to vest. We measure the fair value of our stock based compensation awards on the date of grant. A summary of stock option activity, related to our 2005 Stock Incentive Plan, is as follows (in thousands, except for per share amounts): Weighted-Average Aggregate Number of Shares Exercise Price Intrinsic Value Outstanding at October 31, 2015 $ 18.28 Outstanding at April 30, 2016 $ 18.28 $ 574 Exercisable at April 30, 2016 $ 18.28 $ 574 At April 30, 2016, outstanding and exercisable stock options had a weighted-average remaining contractual term of 2.7 years. The total recognized and unrecognized stock-based compensation expense was insignificant for the three and six months ended April 30, 2016. A summary of stock option activity, related to our 2011 Management Incentive Plan, is as follows (in thousands, except for per share amounts): Weighted-Average Aggregate Exercise Intrinsic Number of Shares Price Value Outstanding at October 31, 2015 $ 23.00 Outstanding at April 30, 2016 $ 23.00 $ 482 Exercisable at April 30, 2016 $ 23.06 $ 275 At April 30, 2016, outstanding and exercisable stock options had a weighted-average remaining contractual term of 4.8 years. The total recognized and unrecognized stock-based compensation expense was insignificant for the three and six months ended April 30, 2016.

Other events

Other events	6 Months Ended
	Apr. 30, 2016
Text Block [Abstract]
Other events	7. Other events Dividend payment On December 8, 2015, we paid a $0.80 per share dividend in the aggregate amount of $13.9 million to shareholders of record on November 17, 2015 . Revolving credit facilities In May 2016, we entered into separate loan amendments with Bank of America, N.A. and Farm Credit West, PCA that extended the expiration dates for our existing revolving credit facilities from June 1, 2016 to July 1, 2016. We are currently engaged in discussions with prospective lenders regarding a new credit facility with comparable terms. We expect to complete these discussions and finalize a new credit facility before July 1, 2016.

Fair value measurements

Fair value measurements	6 Months Ended
	Apr. 30, 2016
Fair Value Disclosures [Abstract]
Fair value measurements	8. Fair value measurements A fair value measurement is determined based on the assumptions that a market participant would use in pricing an asset or liability. A three-tiered hierarchy draws distinctions between market participant assumptions based on (i) observable inputs such as quoted prices in active markets (Level 1), (ii) inputs other than quoted prices in active markets that are observable either directly or indirectly (Level 2) and (iii) unobservable inputs that require the Company to use present value and other valuation techniques in the determination of fair value (Level 3). The following table sets forth our financial assets and liabilities as of April 30, 2016 that are measured on a recurring basis during the period, segregated by level within the fair value hierarchy: Level 1 Level 2 Level 3 Total (All amounts are pres e nted in thousands) Assets at Fair Value: Investment in Limoneira Company (1) $ - - $ Total assets at fair value $ $ - $ - $ (1) The investment in Limoneira Company consists of marketable securities in the Limoneira Company stock. We currently own approximately 12% of Limoneira’s outstanding common stock. These securities are measured at fair value by quoted market prices. Limoneira’s stock price at April 30, 2016 and October 31, 2015 equaled $17.89 per share and $15.86 per share. Unrealized gains and losses are recognized through other comprehensive income. Unrealized investment holding gains arising during the three months ended April 30, 2016 and 2015 was $9.2 million and $3.7 million. Unrealized investment holding gains arising during the six months ended April 30, 2016 was $3.5 million. Unrealized investment holding losses arising during the six months ended April 30, 2015 was $4.7 million.

Noncontrolling interest

Noncontrolling interest	6 Months Ended
	Apr. 30, 2016
Noncontrolling Interest [Abstract]
Noncontrolling interest	9. Noncontrolling interest The following table reconciles shareholders’ equity attributable to noncontrolling interest related to Salsa Lisa and Avocados de Jalisco (in thousands). Three months Three months ended ended Salsa Lisa noncontrolling interest April 30, 2016 April 30, 2015 Noncontrolling interest, beginning $ $ Net loss attributable to noncontrolling interest of Salsa Lisa — — Noncontrolling interest, ending $ $ Six months Six months ended ended Salsa Lisa noncontrolling interest April 30, 2016 April 30, 2015 Noncontrolling interest, beginning $ $ Net loss attributable to noncontrolling interest of Salsa Lisa — — Noncontrolling interest, ending $ $ Three months Three months ended ended Avocados de Jalisco noncontrolling interest April 30, 2016 April 30, 2015 Noncontrolling interest, beginning $ $ — Net income attributable to noncontrolling interest of Avocados de Jalisco — Noncontrolling interest, ending $ $ — Six months Six months ended ended Avocados de Jalisco noncontrolling interest April 30, 2016 April 30, 2015 Noncontrolling interest, beginning $ $ — Net loss attributable to noncontrolling interest of Avocados de Jalisco — Noncontrolling interest, ending $ $ —

Earnings per share

Earnings per share	6 Months Ended
	Apr. 30, 2016
Earnings Per Share [Abstract]
Earnings per share	10. Earnings per share Basic and diluted net income per share is calculated as follows (U.S. dollars in thousands, exept share and per share data): Three months ended April 30, 2016 2015 Numerator: Net Income attributable to Calavo Growers, Inc. $ $ Denominator: Weighted average shares - Basic Effect on dilutive securities – Restricted stock/options Weighted average shares - Diluted Net income per share attributable to Calavo Growers, Inc: Basic $ $ Diluted $ $ Six months ended April 30, 2016 2015 Numerator: Net Income attributable to Calavo Growers, Inc. $ $ Denominator: Weighted average shares - Basic Effect on dilutive securities – Restricted stock/options Weighted average shares - Diluted Net income per share attributable to Calavo Growers, Inc: Basic $ $ Diluted $ $

Description of the business (Po

Description of the business (Policies)	6 Months Ended
	Apr. 30, 2016
Fair Value Disclosures [Abstract]
Business	Business Calavo Growers, Inc. (Calavo, the Company, we, us or our), is a global leader in the avocado industry and an expanding provider of value-added fresh food. Our expertise in marketing and distributing avocados, prepared avocados, and other perishable foods allows us to deliver a wide array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, and restaurants on a worldwide basis. We procure avocados principally from California and Mexico. Through our various operating facilities, we (i) sort, pack, and/or ripen avocados, tomatoes and/or Hawaiian grown papayas, (ii) process and package fresh cut fruit and vegetables, salads, wraps, sandwiches, fresh snacking products and a variety of behind-the-glass deli items and (iii) produce and package guacamole and salsa. The accompanying unaudited consolidated condensed financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States and with the instructions to Form 10-Q and Article 10 of Regulation S-X of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. In the opinion of management, the accompanying unaudited consolidated condensed financial statements contain all adjustments, consisting of adjustments of a normal recurring nature necessary to present fairly the Company’s financial position, results of operations and cash flows. The results of operations for interim periods are not necessarily indicative of the results that may be expected for a full year. These statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2015.
Recently Adopted Accounting Pronouncements	Recently Issued Accounting Standards In March 2016, the Financial Accounting Standards Board ("FASB") issued an Accounting Standards Update ("ASU"), which simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. This ASU will be effective for us beginning the first day of our 2017 fiscal year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, result of operations and cash flows, but do not expect the adoption of this ASU to have a significant effect. In February 2016, the FASB issued an ASU, which requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases will result in the lessee recognizing a right-of use asset and a corresponding lease liability. For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset, and for operating leases, the lessee would recognize a straight-line total lease expense. The guidance also requires qualitative and specific quantitative disclosures to supplement the amounts recorded in the financial statements so that users can understand more about the nature of an entity’s leasing activities, including significant judgments and changes in judgments. This ASU will be effective for us beginning the first day of our 2019 fiscal year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, result of operations and cash flows, but do not expect the adoption of this ASU to have a significant effect. In January 2016, the FASB issued an ASU, which requires equity investments (except those accounted for under the equity method of accounting) to be measured at fair value with changes in fair value recognized in net income. The guidance is effective for interim and annual periods beginning after December 15, 2017. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, result of operations and cash flows. In November 2015, the FASB issued an ASU, which amends the existing accounting standards for income taxes. The amendment required companies to report their deferred tax liabilities and deferred tax assets each as a single non-current item on their classified balance sheets. The Company elected to adopt the amendments in the first quarter of fiscal year 2016 and applied them prospectively to the current period presented, as permitted by the standard. The adoption of the amendments had no impact on the Company's net earnings or cash flow from operations for any period presented. In July 2015, the FASB issued an ASU for measuring inventory. The core principal of the guidance is that an entity should measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The guidance is effective for us on a prospective basis beginning on the first day of our fiscal 2017 year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, result of operations and cash flows, but do not expect the adoption of this ASU to have a significant effect. In May 2014, the FASB amended the existing accounting standards for revenue recognition. The amendments are based on the principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. We are required to adopt the amendments in the first quarter of fiscal 2018. Early adoption is not permitted. The amendments may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. We do not expect the adoption of these amendments to have a material impact on our financial statements.

Information regarding our ope18

Information regarding our operations in different segments (Tables)	6 Months Ended
	Apr. 30, 2016
Segment Reporting [Abstract]
Sales by Product Category, by Segment	The following table sets forth sales by product category, by segment (in thousands): Three months ended April 30, 2016 Three months ended April 30, 2015 Fresh Calavo Fresh Calavo products Foods RFG Total products Foods RFG Total Third-party sales: Avocados $ $ — $ — $ $ $ — $ — $ Tomatoes — — — — Papayas — — — — Other fresh products — — — — Food service — — — — Retail and club — — Total gross sales Less sales incentives Net sales $ $ $ $ $ $ $ $ Six months ended April 30, 2016 Six months ended April 30, 2015 Fresh Calavo Fresh Calavo products Foods RFG Total products Foods RFG Total Third-party sales: Avocados $ $ — $ — $ $ $ — $ — $ Tomatoes — — — — Papayas — — — — Other fresh products — — — — Food service — — — — Retail and club — — Total gross sales Less sales incentives Net sales $ $ $ $ $ $ $ $
Gross Margin	Fresh Calavo products Foods RFG Total (All amounts are presented in thousands) Three months ended April 30, 2016 Net sales $ $ $ $ Cost of sales Gross margin $ $ $ $ Three months ended April 30, 2015 Net sales $ $ $ $ Cost of sales Gross margin $ $ $ $ For the three months ended April 30, 2016 and 2015, inter-segment sales and cost of sales of $1.3 million and $0.5 million between Fresh products and RFG were eliminated. For the three months ended April 30, 2016 and 2015, inter-segment sales and cost of sales of $0.6 million and $0.5 million between Calavo Foods and RFG were eliminated. Fresh Calavo products Foods RFG Total (All amounts are presented in thousands) Six months ended April 30, 2016 Net sales $ $ $ $ Cost of sales Gross margin $ $ $ $ Six months ended April 30, 2015 Net sales $ $ $ $ Cost of sales Gross margin $ $ $ $

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Apr. 30, 2016
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consist of the following (in thousands): April 30, October 31, 2016 2015 Fresh fruit $ $ Packing supplies and ingredients Finished prepared foods $ $

Related party transactions (Tab

Related party transactions (Tables)	6 Months Ended
	Apr. 30, 2016
Related Party Transactions [Abstract]
Schedule of related party transactions	Three months ended April 30, (in thousands) 2016 2015 Rent paid to LIG $ $ Rent paid to THNC, LLC $ $ Sales to Third Coast $ - $ Purchases from Third Coast $ - $ Six months ended April 30, (in thousands) 2016 2015 Rent paid to LIG $ $ Rent paid to THNC, LLC $ $ Sales to Third Coast $ - $ Purchases from Third Coast $ - $

Other assets (Tables)

Other assets (Tables)	6 Months Ended
	Apr. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consist of the following (in thousands): April 30, October 31, 2016 2015 Intangibles, net $ $ Mexican IVA (i.e. value-added) taxes receivable Grower advances Loan to Agricola Belher Loan to FreshRealm members Notes receivable from San Rafael Other $ $
Schedule of Intangible Assets	Intangible assets consist of the following (in thousands): April 30, 2016 October 31, 2015 Weighted- Gross Net Gross Net Average Carrying Accum. Book Carrying Accum. Book Useful Life Value Amortization Value Value Amortization Value Customer list/relationships 8.0 years $ $ $ $ $ $ Trade names 8.2 years Trade secrets/recipes 9.3 years Brand name intangibles indefinite — — Non-competition agreements 5.0 years Intangibles, net $ $ $ $ $ $

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Apr. 30, 2016
Restricted Stock Activity	Weighted-Average Aggregate Number of Shares Grant Price Intrinsic Value Outstanding at October 31, 2015 $ Vested $ Granted $ Outstanding at April 30, 2016 $ $
2005 Stock Incentive Plan [Member]
Stock Option Activity, Related to Incentive Plan	A summary of stock option activity, related to our 2005 Stock Incentive Plan, is as follows (in thousands, except for per share amounts): Weighted-Average Aggregate Number of Shares Exercise Price Intrinsic Value Outstanding at October 31, 2015 $ 18.28 Outstanding at April 30, 2016 $ 18.28 $ 574 Exercisable at April 30, 2016 $ 18.28 $ 574
2011 Management Incentive Plan [Member]
Stock Option Activity, Related to Incentive Plan	A summary of stock option activity, related to our 2011 Management Incentive Plan, is as follows (in thousands, except for per share amounts): Weighted-Average Aggregate Exercise Intrinsic Number of Shares Price Value Outstanding at October 31, 2015 $ 23.00 Outstanding at April 30, 2016 $ 23.00 $ 482 Exercisable at April 30, 2016 $ 23.06 $ 275

Fair value measurements (Tables

Fair value measurements (Tables)	6 Months Ended
	Apr. 30, 2016
Fair Value Disclosures [Abstract]
Financial Assets and Liabilities Measured on Recurring and Non-Recurring Basis	The following table sets forth our financial assets and liabilities as of April 30, 2016 that are measured on a recurring basis during the period, segregated by level within the fair value hierarchy: Level 1 Level 2 Level 3 Total (All amounts are pres e nted in thousands) Assets at Fair Value: Investment in Limoneira Company (1) $ - - $ Total assets at fair value $ $ - $ - $ (1) The investment in Limoneira Company consists of marketable securities in the Limoneira Company stock. We currently own approximately 12% of Limoneira’s outstanding common stock. These securities are measured at fair value by quoted market prices. Limoneira’s stock price at April 30, 2016 and October 31, 2015 equaled $17.89 per share and $15.86 per share. Unrealized gains and losses are recognized through other comprehensive income. Unrealized investment holding gains arising during the three months ended April 30, 2016 and 2015 was $9.2 million and $3.7 million. Unrealized investment holding gains arising during the six months ended April 30, 2016 was $3.5 million. Unrealized investment holding losses arising during the six months ended April 30, 2015 was $4.7 million.

Noncontrolling interest (Tables

Noncontrolling interest (Tables)	6 Months Ended
	Apr. 30, 2016
Noncontrolling Interest [Abstract]
Reconciles Shareholders' Equity Attributable to Noncontrolling Interest	Three months Three months ended ended Salsa Lisa noncontrolling interest April 30, 2016 April 30, 2015 Noncontrolling interest, beginning $ $ Net loss attributable to noncontrolling interest of Salsa Lisa — — Noncontrolling interest, ending $ $ Six months Six months ended ended Salsa Lisa noncontrolling interest April 30, 2016 April 30, 2015 Noncontrolling interest, beginning $ $ Net loss attributable to noncontrolling interest of Salsa Lisa — — Noncontrolling interest, ending $ $ Three months Three months ended ended Avocados de Jalisco noncontrolling interest April 30, 2016 April 30, 2015 Noncontrolling interest, beginning $ $ — Net income attributable to noncontrolling interest of Avocados de Jalisco — Noncontrolling interest, ending $ $ — Six months Six months ended ended Avocados de Jalisco noncontrolling interest April 30, 2016 April 30, 2015 Noncontrolling interest, beginning $ $ — Net loss attributable to noncontrolling interest of Avocados de Jalisco — Noncontrolling interest, ending $ $ —

Earnings per share (Tables)

Earnings per share (Tables)	6 Months Ended
	Apr. 30, 2016
Earnings Per Share [Abstract]
Schedule of basic and diluted net income per share	Three months ended April 30, 2016 2015 Numerator: Net Income attributable to Calavo Growers, Inc. $ $ Denominator: Weighted average shares - Basic Effect on dilutive securities – Restricted stock/options Weighted average shares - Diluted Net income per share attributable to Calavo Growers, Inc: Basic $ $ Diluted $ $ Six months ended April 30, 2016 2015 Numerator: Net Income attributable to Calavo Growers, Inc. $ $ Denominator: Weighted average shares - Basic Effect on dilutive securities – Restricted stock/options Weighted average shares - Diluted Net income per share attributable to Calavo Growers, Inc: Basic $ $ Diluted $ $

Information Regarding Our Ope26

Information Regarding Our Operations in Different Segments - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2016USD ($)	Apr. 30, 2015USD ($)	Apr. 30, 2016USD ($)segment	Apr. 30, 2015USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			3
Inter-segment sales and cost of sales eliminated	$ 220,303	$ 221,589	$ 424,878	$ 416,380
Fresh products [Member]
Segment Reporting Information [Line Items]
Inter-segment sales and cost of sales eliminated	125,989	137,853	239,135	249,502
Fresh products [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Inter-segment sales and cost of sales eliminated	1,300	500	1,400	700
Calavo Foods [Member]
Segment Reporting Information [Line Items]
Inter-segment sales and cost of sales eliminated	15,353	14,893	30,841	29,516
Calavo Foods [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Inter-segment sales and cost of sales eliminated	$ 600	$ 500	$ 1,300	$ 700

Information Regarding Our Ope27

Information Regarding Our Operations in Different Segments - Sales by Product Category, by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Segment Reporting Information [Line Items]
Total gross sales	$ 223,938	$ 225,042	$ 432,268	$ 423,598
Less sales incentives	(3,635)	(3,453)	(7,390)	(7,218)
Net sales	220,303	221,589	424,878	416,380
Avocados [Member]
Segment Reporting Information [Line Items]
Total gross sales	108,197	125,744	203,421	228,169
Tomatoes [Member]
Segment Reporting Information [Line Items]
Total gross sales	15,765	9,606	31,794	15,659
Papayas [Member]
Segment Reporting Information [Line Items]
Total gross sales	2,226	1,898	4,441	4,418
Other fresh products [Member]
Segment Reporting Information [Line Items]
Total gross sales	299	742	418	1,964
Food service [Member]
Segment Reporting Information [Line Items]
Total gross sales	12,431	12,126	25,069	23,648
Retail and club [Member]
Segment Reporting Information [Line Items]
Total gross sales	85,020	74,926	167,125	149,740
Fresh products [Member]
Segment Reporting Information [Line Items]
Total gross sales	126,487	137,990	240,074	250,210
Less sales incentives	(498)	(137)	(939)	(708)
Net sales	125,989	137,853	239,135	249,502
Fresh products [Member] | Avocados [Member]
Segment Reporting Information [Line Items]
Total gross sales	108,197	125,744	203,421	228,169
Fresh products [Member] | Tomatoes [Member]
Segment Reporting Information [Line Items]
Total gross sales	15,765	9,606	31,794	15,659
Fresh products [Member] | Papayas [Member]
Segment Reporting Information [Line Items]
Total gross sales	2,226	1,898	4,441	4,418
Fresh products [Member] | Other fresh products [Member]
Segment Reporting Information [Line Items]
Total gross sales	299	742	418	1,964
Calavo Foods [Member]
Segment Reporting Information [Line Items]
Total gross sales	17,689	17,584	35,649	34,768
Less sales incentives	(2,336)	(2,691)	(4,808)	(5,252)
Net sales	15,353	14,893	30,841	29,516
Calavo Foods [Member] | Food service [Member]
Segment Reporting Information [Line Items]
Total gross sales	12,431	12,126	25,069	23,648
Calavo Foods [Member] | Retail and club [Member]
Segment Reporting Information [Line Items]
Total gross sales	5,258	5,458	10,580	11,120
RFG
Segment Reporting Information [Line Items]
Total gross sales	79,762	69,468	156,545	138,620
Less sales incentives	(801)	(625)	(1,643)	(1,258)
Net sales	78,961	68,843	154,902	137,362
RFG | Retail and club [Member]
Segment Reporting Information [Line Items]
Total gross sales	$ 79,762	$ 69,468	$ 156,545	$ 138,620

Information Regarding Our Ope28

Information Regarding Our Operations in Different Segments - Gross Margin (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Segment Reporting Information [Line Items]
Net sales	$ 220,303	$ 221,589	$ 424,878	$ 416,380
Cost of sales	193,496	198,614	377,073	375,600
Gross margin	26,807	22,975	47,805	40,780
Fresh products [Member]
Segment Reporting Information [Line Items]
Net sales	125,989	137,853	239,135	249,502
Cost of sales	111,928	126,954	214,579	229,886
Gross margin	14,061	10,899	24,556	19,616
Calavo Foods [Member]
Segment Reporting Information [Line Items]
Net sales	15,353	14,893	30,841	29,516
Cost of sales	8,764	9,280	18,744	20,310
Gross margin	6,589	5,613	12,097	9,206
RFG
Segment Reporting Information [Line Items]
Net sales	78,961	68,843	154,902	137,362
Cost of sales	72,804	62,380	143,750	125,404
Gross margin	$ 6,157	$ 6,463	$ 11,152	$ 11,958

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Apr. 30, 2016	Oct. 31, 2015
Inventory Disclosure [Abstract]
Fresh fruit	$ 14,820	$ 11,939
Packing supplies and ingredients	7,133	6,347
Finished prepared foods	7,896	8,065
Total, Inventories	$ 29,849	$ 26,351

Inventories - Additional Inform

Inventories - Additional Information (Details) - USD ($) $ in Thousands	Apr. 30, 2016	Oct. 31, 2015
Inventory Disclosure [Abstract]
Provisions to reduce inventories	$ 0	$ 0

Related-Party Transactions - Ad

Related-Party Transactions - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended		9 Months Ended
	Apr. 30, 2016USD ($)	Apr. 30, 2015USD ($)	Apr. 30, 2016USD ($)item	Apr. 30, 2015USD ($)	Jul. 31, 2015Owner	Jan. 31, 2016USD ($)	Oct. 31, 2015USD ($)	Aug. 31, 2015
Related Party Transaction [Line Items]
Investment in unconsolidated entities	$ 19,761		$ 19,761				$ 19,720
Infrastructure Advance Agreement With Belher [Member]
Related Party Transaction [Line Items]
Advances to supplier	3,300		3,300				3,000
Infrastructure advances due	1,800		1,800				1,800
Prepaid Expenses and Other Current Assets [Member] | Infrastructure Advance Agreement With Belher [Member]
Related Party Transaction [Line Items]
Infrastructure advances due	1,000		1,000				1,000
Other Long Term Assets [Member] | Infrastructure Advance Agreement With Belher [Member]
Related Party Transaction [Line Items]
Infrastructure advances due	800		800				800
Avocados de Jalisco noncontrolling interest [Member]
Related Party Transaction [Line Items]
Ownership interest								80.00%
Preseason advances	$ 200,000		$ 200,000				300,000
Belo
Related Party Transaction [Line Items]
Ownership interest	50.00%		50.00%
Amount in exchange for ownership interest			$ 2,000
Director
Related Party Transaction [Line Items]
Accounts payable to related parties	$ 2,200		2,200
Limoneira
Related Party Transaction [Line Items]
Dividend income from Limoneira	100	$ 100	100	$ 100
Rent paid	$ 100	100	$ 100	100
Ownership interest	12.00%		12.00%
RFG
Related Party Transaction [Line Items]
Number of previous owners and current executives | Owner					3
LIG
Related Party Transaction [Line Items]
Rent paid	$ 131	131	$ 262	262
Number of RFG Executives owning LIG | item			3
THNC
Related Party Transaction [Line Items]
Rent paid	76	76	$ 152	152
Third Coast
Related Party Transaction [Line Items]
Purchases from related parties		58		117
Sales made to related parties		109		238
Calavo Sub
Related Party Transaction [Line Items]
Investment in unconsolidated entities	$ 2,000		$ 2,000
Ownership interest	50.00%		50.00%
Agricola Don Memo
Related Party Transaction [Line Items]
Bridge loan amount	$ 4,000		$ 4,000
Advances to supplier	700		700				$ 1,800
Agricola Don Memo | Bank Of America [Member] | Financial Guarantee [Member]
Related Party Transaction [Line Items]
Guarantor obligation on behalf of subsidiary, maximum exposure						$ 4,500
Avocados [Member] | Director
Related Party Transaction [Line Items]
Aggregate amount of avocados procured from entities owned or controlled by members of our Board of Directors	3,300	5,700	3,400	6,300
Tomatoes [Member] | Agricola Belher
Related Party Transaction [Line Items]
Purchases from related parties	13,400	8,700	25,500	14,100
Tomatoes [Member] | Agricola Don Memo
Related Party Transaction [Line Items]
Purchases from related parties	200		2,100
Maximum [Member]
Related Party Transaction [Line Items]
Legal fees	$ 100	$ 100	$ 100	$ 100

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2016	Oct. 31, 2015
Statement of Financial Position [Abstract]
Intangibles, net	$ 3,962	$ 4,613
Mexican IVA (i.e. value-added) taxes receivable	6,726	5,853
Grower advances	197	346
Loan to Agricola Belher	800	800
Loan to FreshRealm members	312	307
Notes receivable from San Rafael	1,299	1,286
Other	924	796
Other assets	$ 14,220	$ 14,001

Other Assets - Schedule of Inta

Other Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2016	Oct. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Finite and indefinite lived intangible assets gross	$ 11,572	$ 11,572
Accum. Amortization	(7,610)	(6,959)
Intangibles, net	3,962	4,613
Brand name intangibles [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying value and net book value	$ 275	275
Customer list/relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Useful Life	8 years
Gross Carrying Value	$ 7,640	7,640
Accum. Amortization	(4,760)	(4,282)
Net Book Value	$ 2,880	3,358
Trade names [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Useful Life	8 years 2 months 12 days
Gross Carrying Value	$ 2,760	2,760
Accum. Amortization	(2,295)	(2,164)
Net Book Value	$ 465	596
Trade secrets/recipes [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Useful Life	9 years 3 months 18 days
Gross Carrying Value	$ 630	630
Accum. Amortization	(293)	(270)
Net Book Value	$ 337	360
Non-competition agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Useful Life	5 years
Gross Carrying Value	$ 267	267
Accum. Amortization	(262)	(243)
Net Book Value	$ 5	$ 24

Other Assets - Additional Infor

Other Assets - Additional Information (Details) $ in Millions	Apr. 30, 2016USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense for remainder of fiscal 2016	$ 0.6
Amortization expense for the year 2017	1.1
Amortization expense for the year 2018	1.1
Amortization expense for the year 2019	0.7
Amortization expense for the years 2020-2023	$ 0.2

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) $ / shares in Units, $ in Thousands	Jan. 08, 2016$ / sharesshares	Jan. 04, 2016director$ / sharesshares	Apr. 30, 2016USD ($)	Apr. 30, 2016USD ($)	Apr. 30, 2015USD ($)	Apr. 30, 2011shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense | $				$ 1,019	$ 719
2005 Stock Incentive Plan [Member] | Board of Director Members for October Two Thousand Eleven Option Grants [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of vested stock options				5 years
2005 Stock Incentive Plan [Member] | Board of Director Members for April Two Thousand Eleven Option Grants [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of vested stock options				2 years
2005 Stock Incentive Plan [Member] | Stock Options [Member] | Board of Director Members for October Two Thousand Eleven Option Grants [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period				5 years
2005 Stock Incentive Plan [Member] | Stock Options [Member] | Board of Director Members for April Two Thousand Eleven Option Grants [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period				1 year
2011 Management Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock shares authorized under ESPP | shares						1,500,000
Number of non-employee directors | director		12
2011 Management Incentive Plan [Member] | Non-employee directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock price | $ / shares		$ 48.46
2011 Management Incentive Plan [Member] | Executive officers [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock price | $ / shares	$ 48.68
2011 Management Incentive Plan [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares issued per non-employee director | shares		1,750
2011 Management Incentive Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total restricted shares issued to non-employee directors | shares		21,000
Stock compensation expense | $			$ 600	$ 1,000
2011 Management Incentive Plan [Member] | Restricted Stock [Member] | Non-employee directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense | $			300	300
2011 Management Incentive Plan [Member] | Restricted Stock [Member] | Executive officers [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense | $			$ 100	$ 100
Total restricted shares issued | shares	24,582
Shares vesting schedule per year				.33

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Option Activity, Related to Incentive Plan (Details) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	Apr. 30, 2016USD ($)$ / sharesshares
2005 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average remaining life of stock options	2 years 8 months 12 days
2011 Management Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average remaining life of stock options	4 years 9 months 18 days
Restricted Stock [Member] | 2011 Management Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Number of Shares, Beginning Balance | shares	75
Vested, Number of Shares | shares	(39)
Granted, Number of Shares | shares	51
Outstanding, Number of Shares, Ending Balance | shares	87
Outstanding, Weighted-Average Exercise Price, balance balance | $ / shares	$ 39.01
Vested, Weighted-Average Exercise Price | $ / shares	39.5
Granted, Weighted-Average Exercise Price | $ / shares	48.58
Outstanding, Weighted-Average Exercise Price, ending balance | $ / shares	$ 44.76
Aggregate Intrinsic Value | $	$ 5,010
Stock Options [Member] | 2005 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Number of Shares, beginning balance | shares	10
Outstanding, Number of Shares, ending balance | shares	10
Exercisable, Number of Shares | shares	10
Outstanding, Weighted-Average Exercise Price, beginning balance | $ / shares	$ 18.28
Outstanding, Weighted-Average Exercise Price, ending balance | $ / shares	18.28
Exercisable, Weighted-Average Exercise Price | $ / shares	$ 18.28
Outstanding, Aggregate Intrinsic Value | $	$ 574
Exercisable, Aggregate Intrinsic Value | $	$ 574
Stock Options [Member] | 2011 Management Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Number of Shares, beginning balance | shares	14
Outstanding, Number of Shares, ending balance | shares	14
Exercisable, Number of Shares | shares	8
Outstanding, Weighted-Average Exercise Price, beginning balance | $ / shares	$ 23
Outstanding, Weighted-Average Exercise Price, ending balance | $ / shares	23
Exercisable, Weighted-Average Exercise Price | $ / shares	$ 23.06
Outstanding, Aggregate Intrinsic Value | $	$ 482
Exercisable, Aggregate Intrinsic Value | $	$ 275

Other Events - Additional Infor

Other Events - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 08, 2015	Apr. 30, 2016	Apr. 30, 2015
Other Events [Abstract]
Dividend payment	$ 0.80
Dividend aggregate amount to shareholders	$ 13,900	$ 13,907	$ 12,970

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Measured on Recurring and Non-Recurring Basis (Details) - Fair Value, Measurements, Recurring [Member] $ in Thousands	Apr. 30, 2016USD ($)
Assets at Fair Value:
Total assets at fair value	$ 30,924
Limoneira
Assets at Fair Value:
Total assets at fair value	30,924
Level 1 [Member]
Assets at Fair Value:
Total assets at fair value	30,924
Level 1 [Member] | Limoneira
Assets at Fair Value:
Total assets at fair value	$ 30,924

Fair Value Measurements - Fin39

Fair Value Measurements - Financial Assets and Liabilities Measured on Recurring and Non-Recurring Basis (Additional Disclosures) (Details) - Limoneira - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015	Oct. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Percentage of outstanding shares of Limoneira's shares owned	12.00%		12.00%
Limoneira's stock price	$ 17.89		$ 17.89		$ 15.86
Unrealized investment holding income (losses)	$ 9.2	$ 3.7	$ 3.5	$ 4.7

Noncontrolling Interest - Recon

Noncontrolling Interest - Reconciles Shareholders' Equity Attributable to Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Noncontrolling Interest [Line Items]
Noncontrolling interest, beginning			$ 1,011
Net income (loss) attributable to noncontrolling interest	$ (13)		14
Noncontrolling interest, ending	1,025		1,025
Salsa Lisa noncontrolling interest [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interest, beginning	$ 285	$ 270	$ 285	$ 270
Net income (loss) attributable to noncontrolling interest
Noncontrolling interest, ending	$ 285	$ 270	$ 285	$ 270
Avocados de Jalisco noncontrolling interest [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interest, beginning	1,038		1,011
Net income (loss) attributable to noncontrolling interest	(13)		14
Noncontrolling interest, ending	$ 1,025		$ 1,025

Earnings per share (Details)

Earnings per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Earnings Per Share [Abstract]
Net income attributable to parent	$ 9,689	$ 8,472	$ 16,038	$ 13,771
Weighted average shares - Basic	17,348,144	17,300,317	17,335,042	17,297,686
Effect on dilutive securities - Restricted stock/options	97,301	82,462	80,376	45,657
Weighted average shares - Diluted	17,445,445	17,382,779	17,415,418	17,343,343
Basic	$ 0.56	$ 0.49	$ 0.93	$ 0.80
Diluted	$ 0.56	$ 0.49	$ 0.92	$ 0.79