Calavo Growers (CVGW) 10-Q 10 Mar 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Jan. 31, 2017shares
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jan. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Entity Registrant Name	CALAVO GROWERS INC
Entity Central Index Key	1,133,470
Current Fiscal Year End Date	--10-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	17,522,709

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016
Current assets:
Cash and cash equivalents	$ 7,586	$ 13,842
Accounts receivable, net of allowances of $2,063 (2016) $2,312 (2015)	76,378	70,101
Inventories, net	24,409	31,849
Prepaid expenses and other current assets	6,554	14,402
Advances to suppliers	6,175	4,425
Income taxes receivable	2,675	334
Total current assets	123,777	134,953
Property, plant, and equipment, net	114,581	87,837
Investment in Limoneira Company	29,386	34,036
Investment in unconsolidated entities	24,486	24,652
Deferred income taxes	16,641	14,944
Goodwill	18,262	18,262
Other assets	19,892	13,249
Total assets	347,025	327,933
Current liabilities:
Payable to growers	16,484	20,965
Trade accounts payable	23,575	22,447
Accrued expenses	24,683	31,095
Short-term borrowings	59,500	19,000
Dividend payable		15,696
Current portion of long-term obligations	132	138
Total current liabilities	124,374	109,341
Long-term liabilities:
Long-term obligations, less current portion	417	445
Deferred rent	2,298	2,307
Total long-term liabilities	2,715	2,752
Commitments and contingencies
Noncontrolling interest, Calavo Salsa Lisa	771	771
Shareholders' equity:
Common stock ($0.001 par value, 100,000 shares authorized; 17,440 (2016) and 17,384 (2015) shares issued and outstanding)	18	17
Additional paid-in capital	151,575	149,748
Accumulated other comprehensive income	3,591	6,544
Noncontrolling interest	934	962
Retained earnings	63,047	57,798
Total shareholders' equity	219,165	215,069
Total liabilities and shareholders' equity	$ 347,025	$ 327,933

CONSOLIDATED BALANCE SHEETS (PA

CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - USD ($) shares in Thousands, $ in Thousands	Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Oct. 31, 2015
Statement of Financial Position [Abstract]
Allowances of accounts receivable	$ 2,297	$ 2,063
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized			100,000	100,000
Common stock, shares issued	17,523	17,440
Common stock, shares outstanding	17,523	17,440

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Income Statement [Abstract]
Net sales	$ 226,554	$ 204,575
Cost of sales	204,630	183,577
Gross margin	21,924	20,998
Selling, general and administrative	13,826	10,921
Operating income (loss)	8,098	10,077
Interest expense	(247)	(217)
Other income, net	(69)	241
Income (loss) before provision for income taxes	7,782	10,101
Provision (benefit) for income taxes	2,561	3,725
Net income (loss)	5,221	6,376
Less: Net (income) loss attributable to noncontrolling interest	28	(27)
Net income attributable to Calavo Growers, Inc.	$ 5,249	$ 6,349
Calavo Growers, Inc.'s net income per share:
Basic	$ 0.30	$ 0.37
Diluted	$ 0.30	$ 0.37
Number of shares used in per share computation:
Basic	17,373,610	17,322,225
Diluted	17,429,989	17,386,216

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 5,221	$ 6,376
Other comprehensive income (loss), before tax:
Unrealized investment gains (losses) arising during period	(4,650)	(5,670)
Income tax benefit (expense) related to items of other comprehensive loss	1,697	2,070
Other comprehensive income (loss), net of tax	(2,953)	(3,600)
Comprehensive income (loss)	2,268	2,776
Less: Net (income) loss attributable to noncontrolling interest	28	(27)
Less: Net loss attributable to noncontrolling interest	28	(27)
Comprehensive income (loss) – Calavo Growers, Inc.	$ 2,296	$ 2,749

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Cash Flows from Operating Activities:
Net income (loss)	$ 5,221	$ 6,376
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	2,293	2,103
Loss from unconsolidated entities	166	(146)
Stock compensation expense	1,827	462
Deferred income taxes		598
Effect on cash of changes in operating assets and liabilities:
Accounts receivable	(6,277)	(15,516)
Inventories, net	7,440	(739)
Prepaid expenses and other current assets	370	(1,443)
Advances to suppliers	(1,750)	2,820
Income taxes receivable/payable	(2,341)	3,102
Other assets	388	372
Payable to growers	(4,480)	7,237
Deferred rent	(9)
Trade accounts payable and accrued expenses	(1,159)	3,814
Net cash provided by operating activities	1,689	9,040
Cash Flows from Investing Activities:
Acquisitions of property, plant, and equipment	(31,223)	(4,411)
Proceeds received for repayment of San Rafael note	108	28
Investment in unconsolidated entities	(1,600)
Proceeds received for repayment of loan to Agricola Don Memo		4,000
Net cash used in investing activities	(32,715)	(383)
Cash Flows from Financing Activities:
Payment of dividend to shareholders	(15,696)	(13,907)
Proceeds from revolving credit facility	64,500	61,390
Payments on revolving credit facility	(24,000)	(54,300)
Payments on long-term obligations	(34)	(823)
Net cash used in financing activities	24,770	(7,640)
Net increase (decrease) in cash and cash equivalents	(6,256)	1,017
Cash and cash equivalents, beginning of period	13,842	7,171
Cash and cash equivalents, end of period	7,586	8,188
Noncash Investing and Financing Activities:
Construction in progress included in trade accounts payable and accrued expenses	2,049	4
Unrealized holding gains (losses)	$ (4,650)	$ (5,670)

Description of the business

Description of the business	3 Months Ended
	Jan. 31, 2017
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 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, 2016. Recently Adopted Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standard 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. The Company’s early adoption of the amendments resulted in an income tax benefit of approximately $0.3 million on the Company's fiscal first quarter net earnings. 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 Company adopted this new standard beginning in the three months ended January 31, 2017. The adoption of the amendment did not have a material impact on the Company’s consolidated financial statements. Recently Issued Accounting Standards 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. 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 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 2019. 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 are evaluating the impact of the adoption of this amended accounting standard on our financial condition, result of operations and cash flows, but we do not expect the adoption of this accounting standard to have a significant effect.

Information regarding our opera

Information regarding our operations in different segments	3 Months Ended
	Jan. 31, 2017
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 other fresh prepared food 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 January 31, 2017 Three months ended January 31, 2016 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 January 31, 2017 Net sales $ $ $ $ Cost of sales Gross margin $ $ $ $ Three months ended January 31, 2016 Net sales $ $ $ $ Cost of sales Gross margin $ $ $ $ For the three months ended January 31, 2017 and 2016, inter-segment sales and cost of sales of $0.1 million and $0.2 million between Fresh products and RFG were eliminated. For the three months ended January 31, 2017 and 2016, inter-segment sales and cost of sales of $0.9 million and $0.7 million between Calavo Foods and RFG were eliminated.

Inventories

Inventories	3 Months Ended
	Jan. 31, 2017
Inventory Disclosure [Abstract]
Inventories	3. Inventories consist of the following (in thousands): January 31, October 31, 2017 2016 Fresh fruit $ $ Packing supplies and ingredients Finished prepared foods $ $ Inventories are stated at the lower of cost or net realizable value. 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 January 31, 2017. We recorded an adjustment of $1.1 million to adjust our fresh fruit inventory to the lower of cost or net realizable value as of October 31, 2016.

Related party transactions

Related party transactions	3 Months Ended
	Jan. 31, 2017
Related-Party Transactions [Abstract]
Related-Party Transactions	4. 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 January 31, 2017 and 2016, the aggregate amount of avocados procured from entities owned or controlled by members of our Board of Directors was $0.5 million and $0.2 million. Amounts payable to these Board members were $0.5 million as of January 31, 2017. We did not have any amounts payable to these Board members as of October 31, 2016. During the three months ended January 31, 2017 and 2016, 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 months ended January 31, 2017 and 2016. 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 months ended January 31, 2017 and 2016, 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. As of January 31, 2017 and October 31, 2016, we have an investment of $3.5 million and $3.7 million, representing Calavo Sub’s 50% ownership in Don Memo, which is included as an 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 our marketing program to Don Memo, net of our commission and aforementioned advances. As of January 31, 2017 and October 31, 2016, we had advanced $1.8 million and $0.9 million to Don Memo. During the three months ended January 31, 2017 and 2016, we recorded $0.7 million and $1.9 million of expenses to Don Memo pursuant to our consignment agreement. We had grower advances due from Belher of $4.4 million as of January 31, 2017 and October 31, 2016. In addition, we had infrastructure advances due from Belher of $0.8 million as of January 31, 2017 and October 31, 2016. Of these infrastructure advances $0.2 million was recorded as receivable in prepaid and other current assets. The remaining $0.6 million of these infrastructure advances are recorded in other assets. During the three months ended January 31, 2017 and 2016, we recorded $3.8 million and $12.1 million of expenses 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 is consolidated in our financial statements. Avocados de Jalisco has built a packinghouse located in Jalisco, Mexico and such packinghouse is expected to begin operations at the start of Jalisco’s next avocado crop in the early third quarter of 2017. As of January 31, 2017 and October 31, 2016, we have made preseason advances of approximately $0.2 million to various partners of Avocados de Jalisco. We have a 46% ownership interest in FreshRealm, LLC (FreshRealm). An officer and three board of directors have made investments into FreshRealm. In addition, as of January 31, 2017 and October 31, 2016, we have a loan to FreshRealm members of approximately $0.3 million, which is due in May of 2018. In February 2017, we loaned $0.8 million to FreshRealm. In addition, two other FreshRealm members have loaned approximately $0.8 million to FreshRealm. In total, this $1.5 million is considered a bridge loan, expected to be repaid from proceeds from futher rounds of financing. This loan incurs interest at 4% and is due April 16, 2017. 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. LIG and THNC are majority owned by entities owned by two employees of Calavo (current executives of RFG). See the following tables for the related party activity for the three months ended January 31, 2017 and 2016: Three months ended January 31, (in thousands) 2017 2016 Rent paid to LIG $ $ Rent paid to THNC, LLC $ $

Other assets

Other assets	3 Months Ended
	Jan. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	5. Other assets consist of the following (in thousands): January 31, October 31, 2017 2016 Intangibles, net $ $ Mexican IVA (i.e. value-added) taxes receivable Grower advances — Infrastructure advance to Agricola Belher Loan to FreshRealm members Notes receivable from San Rafael Other $ $ Intangible assets consist of the following (in thousands): January 31, 2017 October 31, 2016 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 $0.8 million for the remainder of fiscal 2017, with $1.1 million for fiscal year 2018, $0.7 million for fiscal year 2019, $0.1 million for fiscal year 2020, and $0.1 million for years thereafter, through fiscal year 2023. See Note 11 for additional information related to Mexican IVA taxes.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Jan. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	6. 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, 2017, 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 $62.65. On January 3, 2018, 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 $0.1 million for the three months ended January 31, 2017. On December 19, 2016, our executive officers were granted a total of 70,327 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 $56.20. These shares vest in one-third increments, on an annual basis, beginning December 19, 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 months ended January 31, 2017. On January 6, 2017, our Chief Operating Officer resigned from Calavo. His unvested portion of restricted stock of 12,800 shares issued in December of 2016 and January of 2016 was forfeited. On January 25, 2017, as part of his resignation he was granted 12,800 shares of unrestricted stock, which immediately vested. The closing price of our stock on such date was $58.05. We recorded for this grant $0.7 million of stock-based compensation expense for the three months ended January 31, 2017. On February 2, 2017, our Vice President of Foods the Division retired from Calavo for medical reasons. In January 2017, the board of directors agreed that his unvested portion of restricted stock of 13,040 shares shall be vested due to the medical reasons provision in the restricted stock agreements. We recorded with this vesting $0.5 million of stock-based compensation expense for the three months ended January 31, 2017. In January 2017, our Board of Directors approved the issuance of options to acquire a total of 10,000 shares of our common stock to one member of our Board of Directors. Such grant vests in equal increments over a five-year period and has an exercise price of $56.65 per share. Vested options have an exercise period of five years from the vesting date. The market price of our common stock at the grant date was $56.65. The estimated fair market value of such option grant was approximately $0.2 million. The total compensation cost not yet recognized as of January 31, 2017 was approximately $0.2 million, which will be recognized over the remaining service period of 60 months. The value of each option award is estimated using a lattice-based option valuation model. We primarily consider the following assumptions when using these models: (1) expected volatility, (2) expected dividends, (3) expected life and (4) risk-free interest rate. Such models also consider the intrinsic value in the estimation of fair value of the option award. Prior to November 1, 2016, stock-based compensation expense was recorded net of estimated forfeitures our consolidated statements of income and, accordingly, was recorded for only those stock-based awards that the we expected to vest. We estimated the forfeiture rate based on historical forfeitures of equity awards and adjusted the rate to reflect changes in facts and circumstances, if any. We revised our estimated forfeiture rate if actual forfeitures differed from its initial estimates. Effective as of November 1, 2016, we adopted a change in accounting policy in accordance with ASU 2016-09, “Compensation—Stock Compensation (Topic 718)” to account for forfeitures as they occur. The change was applied on a modified retrospective basis, and no prior periods were restated as a result of this change in accounting policy. We measure the fair value of our stock option awards on the date of grant. The following assumptions were used in the estimated grant date fair value calculations for stock options issued in first quarter of 2017: Risk-free interest rate Expected volatility Dividend yield Expected life (years) 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, 2016 $ Vested $ Forfeited $ Granted $ Outstanding at January 31, 2017 $ $ The total recognized stock-based compensation expense for restricted stock was $1.8 million and $0.5 million for the three months ended January 31, 2017 and 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, 2016 $ 18.05 Outstanding at January 31, 2017 $ 18.05 $ 442 Exercisable at January 31, 2017 $ 18.05 $ 442 At January 31, 2017, outstanding and exercisable stock options had a weighted-average remaining contractual term of 2.3 years. The total recognized and unrecognized stock-based compensation expense was insignificant for the three months ended January 31, 2017. 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 Exercise Aggregate Number of Shares Price Intrinsic Value Outstanding at October 31, 2016 $ 23.33 Granted $ 56.65 Outstanding at January 31, 2017 $ 39.20 $ 337 Exercisable at January 31, 2017 $ 23.29 $ 288 At January 31, 2017, outstanding and exercisable stock options had a weighted-average remaining contractual term of 5.9 years. The total recognized and unrecognized stock-based compensation expense was insignificant for the three months ended January 31, 2017.

Other events

Other events	3 Months Ended
	Jan. 31, 2017
Text Block [Abstract]
Other events	7. Dividend payment On December 8, 2016, we paid a $0.90 per share dividend in the aggregate amount of $15.7 million to shareholders of record on November 17, 2016. Riverside Facility On November 1, 2016, we acquired certain real property, consisting of land, a refrigerated building and select production and office equipment located at 1730 Eastridge Avenue, Riverside, California (collectively, the “Property”) from Fresh Foods, LLC (the “Seller”) for total consideration of approximately $19.4 million. We intend to operate the refrigerated facility as part of our network of USDA and organic certified fresh food facilities. The acquisition of the Property was effected in connection with a potential reverse exchange pursuant to Section 1031 of the Internal Revenue Code. Temecula Facility In January 2017, our agreement with Pac West Group Inc., a Delaware limited liability company (“Buyer I”), pursuant to which we would sell certain real property located at 28410 Vincent Moraga Drive, Temecula, California (collectively, the “Temecula Property”), was terminated by mutual agreement between Buyer I and seller (us). . On March 1, 2017, however, we entered into a new agreement with Southern California Investors, a California corporation, for the sale of the Temecula Property under substantially similar terms to those in the original agreement with Buyer I. The proceeds from any future sale, subject to completion within the appropriate time period, is expected be used in conjunction with the recently completed acquisition of 1730 Eastridge Avenue, Riverside, California, to complete a like-kind exchange pursuant to Section 1031 of the Internal Revenue Code. Litigation We are currently a named defendant in two class action lawsuits filed in Superior state courts in California alleging violations of California wage-and-hour laws, failure to pay overtime, failure to pay for missed meal and rest periods, failure to provide accurate itemized wage statements, failure to pay all wages due at the time of termination or resignation, as well as statutory penalties for violation of the California Labor Code and Minimum Wage Order-2014. We are still assessing the claims and assertions made by the plaintiffs. We intend to aggressively challenge the merits of each lawsuit. At this time, we are not able to predict either the outcome of these lawsuits or From time to time, we are also involved in other litigation arising in the ordinary course of our business that we do not believe will have a material adverse impact on our financial statements. Mexico tax audits We conduct business internationally and, as a result, one or more of our subsidiaries files income tax returns in U.S. federal, U.S. state and certain foreign jurisdictions. Accordingly, in the normal course of business, we are subject to examination by taxing authorities, primarily in Mexico and the United States. During our third quarter of fiscal 2016, our wholly-owned subsidiary, Calavo de Mexico (“CDM”), received a written communication from the Ministry of Finance and Administration of the government of the State of Michoacan, Mexico (“MFM”) containing preliminary observations related to a fiscal 2011 tax audit of such subsidiary. MFM’s preliminary observations outline certain proposed adjustments primarily related to intercompany funding, deductions for services from certain vendors/suppliers and Value Added Tax (“VAT”). During our fourth fiscal quarter of 2016, we provided a written rebuttal to MFM’s preliminary observations and requested the adoption of a conclusive agreement before the PRODECON (Local Tax Ombudsman) so that a full discussion of the case between us, the MFM and the PRODECON can occur and so that, as appropriate, the MFM can reconsider their findings. Note that until such discussion occurs, the normal period during which the MFM would issue its final assessment (previously expected no later February 2017) has been suspended. Though a formal meeting date has not yet been determined, the discussion between us, the MFM and the PRODECON is expected to start in calendar 2017. Additionally, we also received notice from Mexico's Federal Tax Administration Service, Servicio de Administracion Tributaria (SAT), that our wholly-owned Mexican subsidiary, Calavo de Mexico, is currently under examination related to fiscal year 2013. In January 2017 we received preliminary observations from SAT outlining certain proposed adjustments primarily related to intercompany funding deductions for services from certain vendors/suppliers and VAT. We will provide a written rebuttal to these preliminary observation during our second fiscal quarter of 2017. We believe that the ultimate resolution of these matters is unlikely to have a material effect on our consolidated financial position.

Fair value measurements

Fair value measurements	3 Months Ended
	Jan. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	8. 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 January 31, 2017 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 January 31, 2017 and October 31, 2016 equaled $17.00 per share and $19.69 per share. Unrealized gains and losses are recognized through other comprehensive income. Unrealized investment holding losses arising during the three months ended January 31, 2017 and 2016 was $4.7 million and $5.7 million.

Noncontrolling interest

Noncontrolling interest	3 Months Ended
	Jan. 31, 2017
Noncontrolling Interest [Abstract]
Noncontrolling interest	9. The following table reconciles shareholders’ equity attributable to noncontrolling interest related to Salsa Lisa and Avocados de Jalisco (in thousands). Three months ended Three months ended Salsa Lisa noncontrolling interest January 31, 2017 January 31, 2016 Noncontrolling interest, beginning $ $ Accretion attributable to noncontrolling interest of Salsa Lisa — — Noncontrolling interest, ending $ $ Three months ended Three months ended Avocados de Jalisco noncontrolling interest January 31, 2017 January 31, 2016 Noncontrolling interest, beginning $ $ Net income (loss) attributable to noncontrolling interest of Avocados de Jalisco Noncontrolling interest, ending $ $

Earnings per share

Earnings per share	3 Months Ended
	Jan. 31, 2017
Earnings Per Share [Abstract]
Earnings per share	10. 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 January 31, 2017 2016 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 $ $

Mexican IVA taxes receivable

Mexican IVA taxes receivable	3 Months Ended
	Jan. 31, 2017
Value Added Tax Receivable [Abstract]
Mexican IVA taxes receivable	11. Included in prepaids & other current assets and other assets are tax receivables due from the Mexican government for value-added taxes (IVA) paid in advance. CDM is charged IVA by vendors on certain expenditures in Mexico, which, insofar as they relate to the exportation of goods, translate into IVA amounts receivable from the Mexican government. As of January 31, 2017 and October 31, 2016, CDM IVA receivables totaled $13.9 million and $14.2 million. Historically, CDM received IVA refund payments from the Mexican tax authorities on a timely basis. Beginning in fiscal 2014 and continuing into fiscal 2017, however, the tax authorities began carrying out more detailed reviews of our refund requests and our supporting documentation. Additionally, they are also questioning the refunds requested attributable to IVA paid to certain suppliers that allegedly did not fulfill their own tax obligations. We believe these factors and others have contributed to delays in the processing of IVA claims by the Mexican tax authorities. Currently, we are in the process of collecting such balances through regular administrative processes, but certain amounts may ultimately need to be recovered via legal means. We believe that our operations in Mexico are properly documented and that the Mexican tax authorities will ultimately authorize the refund of the corresponding IVA amounts. We will continue to monitor the collection of these receivables with our outside consultants. During the first quarter of fiscal 2017, tax authorities informed us that their internal opinion, based on the information provided by local SAT office in Uruapan, considers that CDM is not properly documented relative to its declared tax structure and therefore CDM cannot claim the refundable VAT balance. CDM has strong arguments and supporting documentation to sustain its declared tax structure for VAT and income tax purposes. CDM decided to start an administrative appeal for the VAT related to the request of the months of July, August and September of 2015 in order to assert its argument that CDM is properly documented and to therefore change the SAT’s internal assessment. CDM is expected to have a resolution to this matter in the second or third quarter of fiscal 2017. Based on the information mentioned above, in the first quarter of fiscal 2017, we reclassified the total CDM IVA balance from prepaid and other current assets to other assets. As of October 31, 2016, $7.3 million of CDM IVA were recorded in prepaids and other current assets. As of January 31, 2017 and October 31, 2016, $13.9 million and $7.0 million of CDM IVA receivables were recorded in other assets.

Subsequent event

Subsequent event	3 Months Ended
	Jan. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	12. Pursuant to the Amended and Restated Limited Liability Company Agreement dated February 8, 2010 entered into by Calavo Growers, Inc., Calavo Salsa Lisa LLC, Lisa’s Salsa Company, Elizabeth Nicholson and Eric Nicholson we purchased the remaining 35 percent ownership of Calavo Salsa Lisa for $1.0 million.

Description of the business (Po

Description of the business (Policies)	3 Months Ended
	Jan. 31, 2017
Accounting Policies [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 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, 2016.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standard 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. The Company’s early adoption of the amendments resulted in an income tax benefit of approximately $0.3 million on the Company's fiscal first quarter net earnings. 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 Company adopted this new standard beginning in the three months ended January 31, 2017. The adoption of the amendment did not have a material impact on the Company’s consolidated financial statements.

Information regarding our ope20

Information regarding our operations in different segments (Tables)	3 Months Ended
	Jan. 31, 2017
Segment Reporting [Abstract]
Gross Margin	Fresh Calavo products Foods RFG Total (All amounts are presented in thousands) Three months ended January 31, 2017 Net sales $ $ $ $ Cost of sales Gross margin $ $ $ $ Three months ended January 31, 2016 Net sales $ $ $ $ Cost of sales Gross margin $ $ $ $
Sales by Product Category, by Segment	The following table sets forth sales by product category, by segment (in thousands): Three months ended January 31, 2017 Three months ended January 31, 2016 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 $ $ $ $ $ $ $ $

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Jan. 31, 2017
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consist of the following (in thousands): January 31, October 31, 2017 2016 Fresh fruit $ $ Packing supplies and ingredients Finished prepared foods $ $

Related party transactions (Tab

Related party transactions (Tables)	3 Months Ended
	Jan. 31, 2017
Related-Party Transactions [Abstract]
Schedule of related party transactions	Three months ended January 31, (in thousands) 2017 2016 Rent paid to LIG $ $ Rent paid to THNC, LLC $ $

Other assets (Tables)

Other assets (Tables)	3 Months Ended
	Jan. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consist of the following (in thousands): January 31, October 31, 2017 2016 Intangibles, net $ $ Mexican IVA (i.e. value-added) taxes receivable Grower advances — Infrastructure advance 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): January 31, 2017 October 31, 2016 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)	3 Months Ended
	Jan. 31, 2017
Grant Date Fair Value Calculations for Stock Options	Risk-free interest rate Expected volatility Dividend yield Expected life (years)
Restricted Stock Activity	Weighted-Average Aggregate Number of Shares Grant Price Intrinsic Value Outstanding at October 31, 2016 $ Vested $ Forfeited $ Granted $ Outstanding at January 31, 2017 $ $
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, 2016 $ 18.05 Outstanding at January 31, 2017 $ 18.05 $ 442 Exercisable at January 31, 2017 $ 18.05 $ 442
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 Exercise Aggregate Number of Shares Price Intrinsic Value Outstanding at October 31, 2016 $ 23.33 Granted $ 56.65 Outstanding at January 31, 2017 $ 39.20 $ 337 Exercisable at January 31, 2017 $ 23.29 $ 288

Fair value measurements (Tables

Fair value measurements (Tables)	3 Months Ended
	Jan. 31, 2017
Fair Value Disclosures [Abstract]
Financial Assets Measured on a Recurring Basis	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 $ $ - $ - $ 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 January 31, 2017 and October 31, 2016 equaled $17.00 per share and $19.69 per share. Unrealized gains and losses are recognized through other comprehensive income. Unrealized investment holding losses arising during the three months ended January 31, 2017 and 2016 was $4.7 million and $5.7 million

Noncontrolling interest (Tables

Noncontrolling interest (Tables)	3 Months Ended
	Jan. 31, 2017
Noncontrolling Interest [Abstract]
Reconciles Shareholders' Equity Attributable to Noncontrolling Interest	Three months ended Three months ended Salsa Lisa noncontrolling interest January 31, 2017 January 31, 2016 Noncontrolling interest, beginning $ $ Accretion attributable to noncontrolling interest of Salsa Lisa — — Noncontrolling interest, ending $ $ Three months ended Three months ended Avocados de Jalisco noncontrolling interest January 31, 2017 January 31, 2016 Noncontrolling interest, beginning $ $ Net income (loss) attributable to noncontrolling interest of Avocados de Jalisco Noncontrolling interest, ending $ $

Earnings per share (Tables)

Earnings per share (Tables)	3 Months Ended
	Jan. 31, 2017
Earnings Per Share [Abstract]
Schedule of basic and diluted net income per share	Three months ended January 31, 2017 2016 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 Business (Detail

Description of Business (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Provision (benefit) for income taxes	$ 2,561	$ 3,725
Accounting Standards Update 2016-09 [Member] | New Accounting Pronouncement, Early Adoption, Effect [Member]
Provision (benefit) for income taxes	$ 300

Information Regarding Our Ope29

Information Regarding Our Operations in Different Segments - Additional Information (Details) $ in Thousands	3 Months Ended
	Jan. 31, 2017USD ($)segment	Jan. 31, 2016USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment	3
Inter-segment sales and cost of sales eliminated	$ 226,554	$ 204,575
Fresh products [Member]
Segment Reporting Information [Line Items]
Inter-segment sales and cost of sales eliminated	112,059	113,146
Calavo Foods [Member]
Segment Reporting Information [Line Items]
Inter-segment sales and cost of sales eliminated	16,788	15,488
Calavo Foods [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Inter-segment sales and cost of sales eliminated	900	700
RFG
Segment Reporting Information [Line Items]
Inter-segment sales and cost of sales eliminated	97,707	75,941
RFG | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Inter-segment sales and cost of sales eliminated	$ 100	$ 200

Information Regarding Our Ope30

Information Regarding Our Operations in Different Segments - Sales by Product Category, Net Sales (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Segment Reporting Information [Line Items]
Total gross sales	$ 229,869	$ 208,329
Less sales incentives	(3,315)	(3,754)
Net sales	226,554	204,575
Avocados [Member]
Segment Reporting Information [Line Items]
Total gross sales	104,716	95,222
Tomatoes [Member]
Segment Reporting Information [Line Items]
Total gross sales	5,158	16,030
Papayas [Member]
Segment Reporting Information [Line Items]
Total gross sales	2,362	2,214
Other fresh products [Member]
Segment Reporting Information [Line Items]
Total gross sales	97	121
Food service [Member]
Segment Reporting Information [Line Items]
Total gross sales	13,052	12,637
Retail and club [Member]
Segment Reporting Information [Line Items]
Total gross sales	104,484	82,105
Fresh products [Member]
Segment Reporting Information [Line Items]
Total gross sales	112,333	113,587
Less sales incentives	(274)	(441)
Net sales	112,059	113,146
Fresh products [Member] | Avocados [Member]
Segment Reporting Information [Line Items]
Total gross sales	104,716	95,222
Fresh products [Member] | Tomatoes [Member]
Segment Reporting Information [Line Items]
Total gross sales	5,158	16,030
Fresh products [Member] | Papayas [Member]
Segment Reporting Information [Line Items]
Total gross sales	2,362	2,214
Fresh products [Member] | Other fresh products [Member]
Segment Reporting Information [Line Items]
Total gross sales	97	121
Calavo Foods [Member]
Segment Reporting Information [Line Items]
Total gross sales	19,489	17,959
Less sales incentives	(2,701)	(2,471)
Net sales	16,788	15,488
Calavo Foods [Member] | Food service [Member]
Segment Reporting Information [Line Items]
Total gross sales	13,052	12,637
Calavo Foods [Member] | Retail and club [Member]
Segment Reporting Information [Line Items]
Total gross sales	6,437	5,322
RFG
Segment Reporting Information [Line Items]
Total gross sales	98,047	76,783
Less sales incentives	(340)	(842)
Net sales	97,707	75,941
RFG | Retail and club [Member]
Segment Reporting Information [Line Items]
Total gross sales	$ 98,047	$ 76,783

Information Regarding Our Ope31

Information Regarding Our Operations in Different Segments - Gross Margin (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Segment Reporting Information [Line Items]
Net sales	$ 226,554	$ 204,575
Cost of sales	204,630	183,577
Gross margin	21,924	20,998
Fresh products [Member]
Segment Reporting Information [Line Items]
Net sales	112,059	113,146
Cost of sales	104,208	102,651
Gross margin	7,851	10,495
Calavo Foods [Member]
Segment Reporting Information [Line Items]
Net sales	16,788	15,488
Cost of sales	11,697	9,984
Gross margin	5,091	5,504
RFG
Segment Reporting Information [Line Items]
Net sales	97,707	75,941
Cost of sales	88,725	70,942
Gross margin	$ 8,982	$ 4,999

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016
Inventory Disclosure [Abstract]
Fresh fruit	$ 10,481	$ 17,126
Packing supplies and ingredients	8,044	7,605
Finished prepared foods	5,884	7,118
Total, Inventories	$ 24,409	31,849
Adjustment for inventory to the lower of cost or market value		$ 1,100

Related-Party Transactions (Det

Related-Party Transactions (Details) $ in Thousands	1 Months Ended		3 Months Ended
	Feb. 28, 2017USD ($)item	Jul. 31, 2015USD ($)	Jan. 31, 2017USD ($)Owneritem	Jan. 31, 2016USD ($)	Oct. 31, 2016USD ($)	Aug. 31, 2015
Related Party Transaction [Line Items]
Number of board of directors | item			3
Revenue, Net			$ 226,554	$ 204,575
Infrastructure Advance Agreement With Belher [Member]
Related Party Transaction [Line Items]
Infrastructure advances due			800		$ 800
Prepaid Expenses and Other Current Assets [Member] | Infrastructure Advance Agreement With Belher [Member]
Related Party Transaction [Line Items]
Infrastructure advances due			200		200
Other Long Term Assets [Member] | Infrastructure Advance Agreement With Belher [Member]
Related Party Transaction [Line Items]
Infrastructure advances due			600		600
Avocados de Jalisco noncontrolling interest
Related Party Transaction [Line Items]
Ownership interest						80.00%
Preseason advances			$ 200		200
FreshRealm
Related Party Transaction [Line Items]
Ownership interest			46.00%
Number of officers | item			1
FreshRealm | Subsequent Event
Related Party Transaction [Line Items]
Bridge Loan	$ 1,500
Loan	800
Additional loan	$ 800
Number of other members who loaned | item	2
Debt instrument, interest rate	4.00%
Director
Related Party Transaction [Line Items]
Accounts payable to related parties			$ 500
Limoneira
Related Party Transaction [Line Items]
Dividend income from Limoneira			100	100
Rent paid			$ 100	100
Ownership interest			12.00%
TroyGould PC
Related Party Transaction [Line Items]
Legal fees			$ 100	100
RFG
Related Party Transaction [Line Items]
Number of previous or current employees with majority owned related party entities | Owner			3
LIG, THNC and Third Coast
Related Party Transaction [Line Items]
Number of previous or current employees with majority owned related party entities | item			2
LIG
Related Party Transaction [Line Items]
Rent paid			$ 135	131
THNC
Related Party Transaction [Line Items]
Rent paid			76	76
Calavo Sub
Related Party Transaction [Line Items]
Investment in unconsolidated entities			3,500		3,700
Calavo Sub | Belo
Related Party Transaction [Line Items]
Ownership interest		50.00%
Amount paid for 50% ownership		$ 2,000
Agricola Belher
Related Party Transaction [Line Items]
Advances to supplier			4,400		4,400
Agricola Don Memo
Related Party Transaction [Line Items]
Amount loaned to Don Memo since its formation			4,000
Advances to supplier			1,800		$ 900
Agricola Don Memo | Bank Of America | 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]
Purchases from related parties			500	200
Tomatoes [Member] | Agricola Belher
Related Party Transaction [Line Items]
Purchases from related parties			3,800	12,100
Tomatoes [Member] | Agricola Don Memo
Related Party Transaction [Line Items]
Purchases from related parties			$ 700	$ 1,900

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016
Statement of Financial Position [Abstract]
Intangibles, net	$ 3,076	$ 3,365
Mexican IVA (i.e. value-added) taxes receivable	13,905	6,962
Grower advances		49
Infrastructure advance to Agricola Belher	600	600
Loan to FreshRealm members	307	318
Notes receivable from San Rafael	821	928
Other	1,183	1,027
Other assets	$ 19,892	$ 13,249

Other Assets - Schedule of Inta

Other Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2017	Oct. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Finite and indefinite lived intangible assets gross	$ 11,572	$ 11,572
Accum. Amortization	(8,496)	(8,207)
Intangibles, net	3,076	3,365
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	(5,481)	(5,241)
Net Book Value	$ 2,159	2,399
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	(2,417)	(2,380)
Net Book Value	$ 343	380
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	(331)	(319)
Net Book Value	$ 299	311
Non-competition agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted-Average Useful Life	5 years
Gross Carrying Value	$ 267	267
Accum. Amortization	$ (267)	$ (267)

Other Assets - Narrative (Detai

Other Assets - Narrative (Details) $ in Millions	Jan. 31, 2017USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense for remainder of fiscal 2017	$ 0.8
Amortization expense for 2018	1.1
Amortization expense for 2019	0.7
Amortization expense for 2020	0.1
Amortization expense after 2020, through 2023	$ 0.1

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) $ / shares in Units, $ in Thousands	Jan. 06, 2017USD ($)$ / sharesshares	Dec. 19, 2016$ / sharesshares	Jan. 04, 2016director$ / sharesshares	Jan. 31, 2017USD ($)$ / sharesshares	Jan. 31, 2017USD ($)$ / sharesshares	Jan. 31, 2016USD ($)	Apr. 30, 2011shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense | $					$ 1,827	$ 462
Chief Operating Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Market price of common stock at grant date | $ / shares	$ 58.05
Stock compensation expense | $	$ 700
Unvested portion of restricted stock forfeited	12,800
Granted	12,800
Vice President [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense | $					500
Vested, Number of Shares				13,040
Board of Director Members for January Two Thousand Seventeen Option Grants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of vested stock options				5 years
Market price of common stock at grant date | $ / shares				$ 56.65
Vesting period				5 years
Estimated fair market value of options | $				$ 200
Stock options total compensation cost, not yet recognized | $				$ 200	$ 200
Remaining service period for recognition of unrecognized compensation cost					60 months
Granted				10,000
Exercised, Weighted-Average Exercise Price | $ / shares				$ 56.65
Stock Options [Member] | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					1 year
Expiration period, after grant date					2 years
Stock Options [Member] | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					5 years
Expiration period, after grant date					5 years
2011 Management Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock shares authorized under ESPP							1,500,000
Number of non-employee directors | director			12
2011 Management Incentive Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares granted per non-employee			1,750
Restricted stock closing price awarded | $ / shares					$ 57.62
Restricted shares granted			21,000		103,000
Recognized stock-based compensation expense | $					$ 1,800	$ 500
Vested, Number of Shares					69,000
2011 Management Incentive Plan [Member] | Restricted Stock [Member] | Non-Employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock price | $ / shares			$ 62.65
Recognized stock-based compensation expense | $					$ 100
2011 Management Incentive Plan [Member] | Restricted Stock [Member] | Executive Officers [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares granted		70,327
Stock price | $ / shares		$ 56.20
Recognized stock-based compensation expense | $					$ 100
Shares vesting schedule per year		.33
2011 Management Incentive Plan [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted					10,000

Stock-Based Compensation - Gran

Stock-Based Compensation - Grant Date Fair Value Calculations for Stock Options (Details)	3 Months Ended
	Jan. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Risk-free interest rate	1.59%
Expected volatility	5.00%

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Restricted Stock Activity (Details) - Restricted Stock [Member] - 2011 Management Incentive Plan [Member] - USD ($) $ / shares in Units, $ in Thousands	Jan. 04, 2016	Jan. 31, 2017	Oct. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, Number of Shares, Beginning Balance		84,000
Vested, Number of Shares		(69,000)
Forfeited, Number of Shares		(13,000)
Granted, Number of Shares	21,000	103,000
Outstanding, Number of Shares, Ending Balance		105,000
Outstanding, Weighted-Average Grant Price		$ 54.63	$ 44.76
Vested, Weighted-Average Grant Price		52.23
Forfeited, Weighted-Average Grant Price		53.66
Granted, Weighted-Average Grant Price		$ 57.62
Aggregate Intrinsic Value		$ 5,824

Stock-Based Compensation - Su40

Stock-Based Compensation - Summary of Stock Option Activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 31, 2017USD ($)$ / sharesshares	Oct. 31, 2016$ / shares
2005 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding stock options, weighted-average remaining contractual term	2 years 3 months 18 days
Exercisable stock options, weighted-average remaining contractual term	2 years 3 months 18 days
2011 Management Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding stock options, weighted-average remaining contractual term	5 years 10 months 24 days
Exercisable stock options, weighted-average remaining contractual term	5 years 10 months 24 days
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	8
Outstanding, Number of Shares, Ending Balance	8
Exercisable, Number of Shares	8
Outstanding, Weighted-Average Exercise Price | $ / shares	$ 18.05	$ 18.05
Exercisable, Weighted-Average Exercise Price | $ / shares	$ 18.05
Outstanding, Aggregate Intrinsic Value | $	$ 442
Exercisable, Aggregate Intrinsic Value | $	$ 442
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	11
Granted, Number of Shares	10
Outstanding, Number of Shares, Ending Balance	21
Exercisable, Number of Shares	9
Outstanding, Weighted-Average Exercise Price | $ / shares	$ 39.20	$ 23.33
Granted, Weighted-Average Exercise Price | $ / shares	56.65
Exercisable, Weighted-Average Exercise Price | $ / shares	$ 23.29
Outstanding, Aggregate Intrinsic Value | $	$ 337
Exercisable, Aggregate Intrinsic Value | $	$ 288

Other Events (Details)

Other Events (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 08, 2016	Nov. 01, 2016	Jan. 31, 2017	Jan. 31, 2016
Dividend payment	$ 0.90
Dividend aggregate amount to shareholders	$ 15,700		$ 15,696	$ 13,907
Riverside Property
Property
Purchase price		$ 19,400

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Oct. 31, 2016
Assets at Fair Value:
Unrealized Gain (Loss) on Investments	$ 4,650	$ 5,670
Unrealized investment holding income (losses)		$ 5,700
Limoneira
Assets at Fair Value:
Percentage of outstanding shares of Limoneira's shares owned	12.00%
Limoneira's stock price	$ 17		$ 19.69
Unrealized investment holding income (losses)	$ 4,700
Fair Value, Measurements, Recurring [Member]
Assets at Fair Value:
Total assets at fair value	29,386
Fair Value, Measurements, Recurring [Member] | Limoneira
Assets at Fair Value:
Total assets at fair value	29,386
Fair Value, Measurements, Recurring [Member] | Level 1 [Member]
Assets at Fair Value:
Total assets at fair value	29,386
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Limoneira
Assets at Fair Value:
Total assets at fair value	$ 29,386

Noncontrolling Interest - Share

Noncontrolling Interest - Shareholders' Equity Attributable to Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Noncontrolling Interest [Line Items]
Noncontrolling interest, beginning	$ 962
Less: Net (income) loss attributable to noncontrolling interest	28	$ (27)
Noncontrolling interest, ending	934
Salsa Lisa noncontrolling interest [Member]
Noncontrolling Interest [Line Items]
Noncontrolling interest, beginning	771	285
Less: Net (income) loss attributable to noncontrolling interest
Noncontrolling interest, ending	771	285
Avocados de Jalisco noncontrolling interest
Noncontrolling Interest [Line Items]
Noncontrolling interest, beginning	962	1,011
Less: Net (income) loss attributable to noncontrolling interest	(28)	27
Noncontrolling interest, ending	$ 934	$ 1,038

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
Earnings Per Share [Abstract]
Net income attributable to Calavo Growers, Inc.	$ 5,249	$ 6,349
Weighted average shares - Basic	17,373,610	17,322,225
Effect on dilutive securities - Restricted stock/options	56,379	63,991
Weighted average shares - Diluted	17,429,989	17,386,216
Basic	$ 0.30	$ 0.37
Diluted	$ 0.30	$ 0.37

Mexican IVA taxes receivable (D

Mexican IVA taxes receivable (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Oct. 31, 2016
Value Added Tax Receivable [Abstract]
IVA receivables balance	$ 13,900	$ 14,200
Mexican IVA (i.e. value-added) tax receivable recorded in prepaids & other current assets		7,300
Mexican IVA (i.e. value-added) tax receivable recorded in other assets	$ 13,905	$ 6,962

Subsequent event (Details)

Subsequent event (Details) - Subsequent Event - Calavo Salsa Lisa $ in Millions	1 Months Ended
	Feb. 28, 2017USD ($)
Business Acquisition, Percentage of Voting Interests Acquired	35.00%
Purchase price	$ 1