Calavo Growers (CVGW) 10-Q 8 Sep 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Jul. 31, 2017shares
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
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	17,533,179

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2017	Oct. 31, 2016
Current assets:
Cash and cash equivalents	$ 8,871	$ 13,842
Accounts receivable, net of allowances of $3,720 (2017) $2,063 (2016)	81,217	70,101
Inventories, net	32,714	31,849
Prepaid expenses and other current assets	6,974	14,402
Advances to suppliers	2,519	4,425
Income taxes receivable	252	334
Total current assets	132,547	134,953
Property, plant, and equipment, net	118,277	87,837
Investment in Limoneira Company	39,342	34,036
Investment in unconsolidated entities	30,850	24,652
Deferred income taxes	13,007	14,944
Goodwill	18,262	18,262
Other assets	23,885	13,249
Total assets	376,170	327,933
Current liabilities:
Payable to growers	27,986	20,965
Trade accounts payable	30,597	22,447
Accrued expenses	27,771	31,095
Short-term borrowings	38,000	19,000
Dividend payable		15,696
Current portion of long-term obligations	137	138
Total current liabilities	124,491	109,341
Long-term liabilities:
Long-term obligations, less current portion	454	445
Deferred rent	2,509	2,307
Total long-term liabilities	2,963	2,752
Commitments and contingencies
Noncontrolling interest, Calavo Salsa Lisa		771
Shareholders' equity:
Common stock ($0.001 par value, 100,000 shares authorized; 17,533 (2017) and 17,440 (2016) shares issued and outstanding)	18	17
Additional paid-in capital	153,073	149,748
Accumulated other comprehensive income	9,914	6,544
Noncontrolling interest	909	962
Retained earnings	84,802	57,798
Total shareholders' equity	248,716	215,069
Total liabilities and shareholders' equity	$ 376,170	$ 327,933

CONSOLIDATED CONDENSED BALANCE3

CONSOLIDATED CONDENSED BALANCE SHEETS (PARENTHETICAL) - USD ($) shares in Thousands, $ in Thousands	Jul. 31, 2017	Oct. 31, 2016
Statement of Financial Position [Abstract]
Allowances of accounts receivable	$ 3,720	$ 2,063
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000	100,000
Common stock, shares issued	17,533	17,440
Common stock, shares outstanding	17,533	17,440

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Income Statement [Abstract]
Net sales	$ 301,645	$ 263,146	$ 798,361	$ 688,024
Cost of sales	276,793	230,502	715,332	607,575
Gross margin	24,852	32,644	83,029	80,449
Selling, general and administrative	12,698	12,287	41,950	34,866
Operating income	12,154	20,357	41,079	45,583
Interest expense	(227)	(210)	(797)	(612)
Other income (loss), net	588	(115)	552	399
Income before provision for income taxes	12,515	20,032	40,834	45,370
Provision for income taxes	3,719	7,323	13,883	16,609
Net income	8,796	12,709	26,951	28,761
Less: Net loss attributable to noncontrolling interest	14	36	53	22
Net income attributable to Calavo Growers, Inc.	$ 8,810	$ 12,745	$ 27,004	$ 28,783
Calavo Growers, Inc.'s net income per share:
Basic	$ 0.51	$ 0.73	$ 1.55	$ 1.66
Diluted	$ 0.50	$ 0.73	$ 1.54	$ 1.65
Number of shares used in per share computation:
Basic	17,428	17,351	17,412	17,340
Diluted	17,544	17,447	17,507	17,425

CONSOLIDATED CONDENSED STATEME5

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 8,796	$ 12,709	$ 26,951	$ 28,761
Other comprehensive income, before tax:
Unrealized investment gains (losses)	3,595	(346)	5,307	3,164
Income tax benefit (expense) related to items of other comprehensive income	(1,312)	126	(1,937)	(1,155)
Other comprehensive income (loss), net of tax	2,283	(220)	3,370	2,009
Comprehensive income	11,079	12,489	30,321	30,770
Less: Net loss attributable to noncontrolling interest	14	36	53	22
Comprehensive income – Calavo Growers, Inc.	$ 11,093	$ 12,525	$ 30,374	$ 30,792

CONSOLIDATED CONDENSED STATEME6

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
Cash Flows from Operating Activities:
Net income	$ 26,951	$ 28,761
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,598	6,507
Provision for losses on accounts receivable	1,220
Loss (income) from unconsolidated entities	90	(132)
Stock compensation expense	3,489	1,577
Deferred income taxes		598
Effect on cash of changes in operating assets and liabilities:
Accounts receivable	(12,336)	(27,969)
Inventories, net	(865)	(10,059)
Prepaid expenses and other current assets	(940)	(3,438)
Advances to suppliers	1,906	820
Income taxes receivable/payable	82	10,897
Other assets	(3,473)	478
Payable to growers	7,023	36,064
Deferred rent	202	1,705
Trade accounts payable and accrued expenses	10,418	8,968
Net cash provided by operating activities	41,185	55,041
Cash Flows from Investing Activities:
Acquisitions of property, plant, and equipment	(41,078)	(15,772)
Proceeds received for repayment of San Rafael note	297	28
Investment in unconsolidated entities	(7,209)
Proceeds received for repayment of loan to Agricola Don Memo		4,000
Investment in Agricola Don Memo	(500)	(1,300)
Net cash used in investing activities	(48,490)	(13,044)
Cash Flows from Financing Activities:
Payment of dividend to shareholders	(15,696)	(13,907)
Proceeds from revolving credit facility	124,500	178,730
Payments on revolving credit facility	(105,500)	(197,140)
Deferred financing costs		(91)
Purchase of noncontrolling interest of Salsa Lisa	(1,000)
Payments on long-term obligations	(35)	(2,170)
Proceeds from stock option exercises	65	60
Net cash provided by (used in) in financing activities	2,334	(34,518)
Net increase (decrease) in cash and cash equivalents	(4,971)	7,479
Cash and cash equivalents, beginning of period	13,842	7,171
Cash and cash equivalents, end of period	8,871	14,650
Noncash Investing and Financing Activities:
Property, plant, and equipment included in trade accounts payable and accrued expenses	583	172
Acquisitions of property, plant, and equipment with capital lease	43
Unrealized holding gains	$ 5,307	$ 3,164

Description of the business

Description of the business	9 Months Ended
	Jul. 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 retail grocery, foodservice, club stores, mass merchandisers, food distributors and wholesalers 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 prepared 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 Standards Update ("ASU"), Improvements to Employee Share-Based Payment Accounting , which simplified several areas of accounting for share-based compensation arrangements, including the income tax impact, classification on the statement of cash flows and forfeitures. The new standard requires excess tax benefits or deficiencies for share-based payments to be recognized as income tax benefit or expense, rather than within additional paid-in capital, when the awards vest or are settled. Furthermore, cash flows related to excess tax benefits are required to be classified as operating activities in the statement of cash flows rather than financing activities. We have elected to account for forfeitures of stock-based awards as they occur. The Company’s early adoption of the amendments resulted in an income tax benefit of approximately $0.3 million on the Company’s net earnings in the first quarter of fiscal year 2017. 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 May 2017, the FASB issued an ASU, Stock Compensation (Topic 718), Scope of Modification Accounting . This ASU clarifies when changes to the terms or conditions of a share-based payment award must be accounted for as modifications. The guidance clarifies that modification accounting will be applied if the value, vesting conditions or classification of the award changes. This ASU will be effective for us beginning the first day of our 2018 fiscal year. We do not anticipate a significant impact on our financial condition, results of operations and cash flows upon adoption. In March 2017, the FASB issued an ASU, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. This ASU requires that the service cost component of net periodic benefit costs from defined benefit and other postretirement benefit plans be included in the same Statement of Earnings captions as other compensation costs arising from services rendered by the covered employees during the period. The other components of net benefit cost will be presented in the Statement of Earnings separately from service costs. Following adoption, only service costs will be eligible for capitalization into manufactured inventories, which should reduce diversity in practice. This ASU will be effective for us beginning the first day of our 2019 fiscal year. We do not anticipate a significant impact on our financial condition, results of operations and cash flows upon adoption. In January 2017, the FASB issued an ASU, Business Combinations: Clarifying the Definition of a Business, which adds guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. This ASU will be effective for us beginning the first day of our 2019 fiscal year. Early adoption is permitted. We do not expect this ASU to have an impact until an applicable transaction takes place. In October 2016, the FASB issued an ASU, Intra-Entity Transfers of Assets Other Than Inventory, which will require companies to recognize the income tax effects of intra-entity sales and transfers of assets other than inventory, particularly those asset transfers involving intellectual property, in the period in which the transfer occurs. The ASU will be effective for us beginning the first day of our 2019 fiscal year and is not expected to have a significant impact upon adoption. In January 2017, the FASB issued an ASU, Simplifying the Test for Goodwill Impairment, which removes the requirement to compare the implied fair value of goodwill with its carrying amount as part of step 2 of the goodwill impairment test. The ASU permits an entity to perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. This ASU will be effective for us beginning the first day of our 2021 fiscal year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, results of operations and cash flows, and as such, we are not able to estimate the effect the adoption of the new standard will have on our financial statements. In February 2016, the FASB issued an ASU, Leases , 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 2020 fiscal year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, results of operations and cash flows, and as such, we are not able to estimate the effect the adoption of the new standard will have on our financial statements. 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.

Information regarding our opera

Information regarding our operations in different segments	9 Months Ended
	Jul. 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. Data in the following tables is presented in thousands: Three months ended July 31, 2017 Three months ended July 31, 2016 Fresh Calavo Fresh Calavo products Foods RFG Total products Foods RFG Total Third-party sales: Avocados $ 161,183 $ — $ — $ 161,183 $ 151,364 $ — $ — $ 151,364 Tomatoes 6,161 — — 6,161 2,581 — — 2,581 Papayas 2,225 — — 2,225 2,614 — — 2,614 Other fresh products 77 — — 77 433 — — 433 Food service — 15,290 — 15,290 — 12,929 — 12,929 Retail and club — 7,794 112,804 120,598 — 6,056 91,631 97,687 Total gross sales 169,646 23,084 112,804 305,534 156,992 18,985 91,631 267,608 Less sales incentives (727) (2,833) (329) (3,889) (863) (2,700) (899) (4,462) Net sales $ 168,919 $ 20,251 $ 112,475 $ 301,645 $ 156,129 $ 16,285 $ 90,732 $ 263,146 Nine months ended July 31, 2017 Nine months ended July 31, 2016 Fresh Calavo Fresh Calavo products Foods RFG Total products Foods RFG Total Third-party sales: Avocados $ 408,825 $ — $ — $ 408,825 $ 354,785 $ — $ — $ 354,785 Tomatoes 22,313 — — 22,313 34,375 — — 34,375 Papayas 6,544 — — 6,544 7,054 — — 7,054 Other fresh products 178 — — 178 854 — — 854 Food service — 42,971 — 42,971 — 37,998 — 37,998 Retail and club — 19,243 308,879 328,122 — 16,636 248,176 264,812 Total gross sales 437,860 62,214 308,879 808,953 397,068 54,634 248,176 699,878 Less sales incentives (1,259) (8,338) (995) (10,592) (1,804) (7,508) (2,542) (11,854) Net sales $ 436,601 $ 53,876 $ 307,884 $ 798,361 $ 395,264 $ 47,126 $ 245,634 $ 688,024 Fresh Calavo products Foods RFG Total Three months ended July 31, 2017 Net sales $ 168,919 $ 20,251 $ 112,475 $ 301,645 Cost of sales 151,971 19,175 105,647 276,793 Gross margin $ 16,948 $ 1,076 $ 6,828 $ 24,852 Three months ended July 31, 2016 Net sales $ 156,129 $ 16,285 $ 90,732 $ 263,146 Cost of sales 137,845 10,484 82,173 230,502 Gross margin $ 18,284 $ 5,801 $ 8,559 $ 32,644 For the three months ended July 31, 2017 and 2016, inter-segment sales and cost of sales of $0.6 million and $1.4 million between Fresh products and RFG were eliminated. For the three months ended July 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. For the three months ended July 31, 2017, inter-segment sales and cost of sales of $0.4 million between Fresh products and Calavo Foods were eliminated. Fresh Calavo products Foods RFG Total Nine months ended July 31, 2017 Net sales $ 436,601 $ 53,876 $ 307,884 $ 798,361 Cost of sales 388,005 42,108 285,219 715,332 Gross margin $ 48,596 $ 11,768 $ 22,665 $ 83,029 Nine months ended July 31, 2016 Net sales $ 395,264 $ 47,126 $ 245,634 $ 688,024 Cost of sales 352,424 29,228 225,923 607,575 Gross margin $ 42,840 $ 17,898 $ 19,711 $ 80,449 For the nine months ended July 31, 2017 and 2016, inter-segment sales and cost of sales of $0.9 million and $2.8 million between Fresh products and RFG were eliminated. For the nine months ended July 31, 2017 and 2016, inter-segment sales and cost of sales of $2.3 million and $2.0 million between Calavo Foods and RFG were eliminated. For the nine months ended July 31, 2017, inter-segment sales and cost of sales of $0.4 million between Fresh products and Calavo Foods were eliminated.

Inventories

Inventories	9 Months Ended
	Jul. 31, 2017
Inventory Disclosure [Abstract]
Inventories	3. Inventories consist of the following (in thousands): July 31, October 31, 2017 2016 Fresh fruit $ 15,853 $ 17,126 Packing supplies and ingredients 9,870 7,605 Finished prepared foods 6,991 7,118 $ 32,714 $ 31,849 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 write downs of inventory based on our assessment of market conditions. We recorded a write down of $1.1 million to adjust our fresh fruit inventory to the lower of cost or net realizable value as of October 31, 2016. We recorded a write down of $0.1 million to adjust our finished prepared foods inventory to the lower of cost or net realizable value as of July 31, 2017.

Related party transactions

Related party transactions	9 Months Ended
	Jul. 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 July 31, 2017 and 2016, the aggregate amount of avocados procured from entities owned or controlled by members of our Board of Directors was $12.3 million and $19.9 million. During the nine months ended July 31, 2017 and 2016, the aggregate amount of avocados procured from entities owned or controlled by members of our Board of Directors was $17.5 million and $23.5 million. Amounts payable to these Board members were $3.6 million as of July 31, 2017. We did not have any amounts payable to these Board members as of October 31, 2016. During the three months ended July 31, 2017 and 2016, we received $0.1 million as dividend income from Limoneira Company (Limoneira). During each of the nine months ended July 31, 2017 and 2016, we received $0.3 million as dividend income from Limoneira. In addition, we lease office space from Limoneira and paid rental expenses of $0.1 million for each of the three months ended July 31, 2017 and 2016. We paid rental expenses of $0.2 million for each of the nine months ended July 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 each of the three months ended July 31, 2017 and 2016, Calavo Growers, Inc. paid fees totaling $0.1 million to TroyGould PC. During each of the nine months ended July 31, 2017 and 2016, Calavo Growers, Inc. paid fees totaling approximately $0.2 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 were entered into in connection with the new loan in the amount of $4.5 million from BoA to Don Memo that closed in January 2016. As of July 31, 2017 and October 31, 2016, we have an investment of $4.3 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 July 31, 2017 and October 31, 2016, we had outstanding advances of $1.6 million and $0.9 million to Don Memo. During the three months ended July 31, 2017 and 2016, we recorded $4.3 million and $1.4 million of expenses to Don Memo pursuant to our consignment agreement. During the nine months ended July 31, 2017 and 2016, we recorded $5.0 million and $1.4 million of expenses to Don Memo pursuant to our consignment agreement. We had grower advances due from Belher of $2.5 million and $4.4 million as of July 31, 2017 and October 31, 2016, which are netted against the grower payable. In addition, we had infrastructure advances due from Belher of $0.8 million as of July 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 July 31, 2017 and 2016, we recorded $0.8 million and $0.5 million of expenses to Belher pursuant to our consignment agreement. During the nine months ended July 31, 2017 and 2016, we recorded $13.9 million and $26.0 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 has begun operations in June of 2017. As of July 31, 2017 and October 31, 2016, we have made preseason advances of approximately $0.3 million to various partners of Avocados de Jalisco. During the three and nine months ended July 31, 2017, we purchased approximately $1.7 million of avocados from the partners of Avocados de Jalisco. We have an approximate 46% ownership interest in FreshRealm, LLC (FreshRealm). An officer, two members of our board of directors and key employees have made investments into FreshRealm. In addition, as of July 31, 2017 and October 31, 2016, we have a loan to FreshRealm members of approximately $0.3 million. In February 2017, we loaned $0.8 million to FreshRealm. In addition, two other FreshRealm members loaned approximately $0.8 million to FreshRealm. In total, this $1.5 million was considered a bridge loan, and was repaid in April 2017. In April 2017, in another round of financing, we committed to invest an additional $8.3 million into FreshRealm if and when certain terms and conditions are met. If the certain conditions are met and we invest up to our commitment level of $8.3 million, our ownership percentage in Freshrealm is still expected to remain at approximately 46%. Through July of 2017, we have invested $5.6 million of the total $8.3 million. In September 2017, we have invested an additional $1.4 million into FreshRealm. We provide storage services to FreshRealm from our New Jersey Value-Added Depot and from our new RFG Riverside location. We have received $0.1 million in storage services revenue from FreshRealm in the three months ended July 31, 2017. We have received $0.2 million in storage services revenue from FreshRealm in the nine months ended July 31, 2017. The previous owners and current managers of RFG have a majority ownership of certain entities that provide various services to RFG, specifically LIG Partners, LLC and THNC, LLC. 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. See the following tables for the related party activity for the three and nine months ended July 31, 2017 and 2016: Three months ended July 31, (in thousands) 2017 2016 Rent paid to LIG $ 138 $ 133 Rent paid to THNC, LLC $ 199 $ 77 Nine months ended July 31, (in thousands) 2017 2016 Rent paid to LIG $ 407 $ 395 Rent paid to THNC, LLC $ 460 $ 229

Other assets

Other assets	9 Months Ended
	Jul. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	5. Other assets consist of the following (in thousands): July 31, October 31, 2017 2016 Intangibles, net $ 2,507 $ 3,365 Mexican IVA (i.e. value-added) taxes receivable 18,680 6,962 Grower advances — 49 Infrastructure advance to Agricola Belher 600 600 Loan to FreshRealm members 312 318 Notes receivable from San Rafael 603 928 Other 1,183 1,027 $ 23,885 $ 13,249 Intangible assets consist of the following (in thousands): July 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 $ 7,640 $ (5,950) $ 1,690 $ 7,640 $ (5,241) $ 2,399 Trade names 8.2 years 2,760 (2,492) 268 2,760 (2,380) 380 Trade secrets/recipes 9.3 years 630 (356) 274 630 (319) 311 Brand name intangibles indefinite 275 — 275 275 — 275 Non-competition agreements 5.0 years 267 (267) — 267 (267) — Intangibles, net $ 11,572 $ (9,065) $ 2,507 $ 11,572 $ (8,207) $ 3,365 We anticipate recording amortization expense of approximately $0.3 million for the remainder of fiscal 2017, $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 each year thereafter, through fiscal year 2023. See Note 11 for additional information related to Mexican IVA taxes.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Jul. 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 Plan. The total recognized stock-based compensation expense for these grants was $0.3 million for the three months ended July 31, 2017. The total recognized stock-based compensation expense for these grants was $0.8 million for the nine months ended July 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 Plan. The total recognized stock-based compensation expense for these grants was $0.3 million for the three months ended July 31, 2017. The total recognized stock-based compensation expense for these grants was $0.6 million for the nine months ended July 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 in our fiscal first quarter of 2017. On February 2, 2017, our Vice President of the Foods 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. As a result, we recorded $0.5 million of stock-based compensation expense in our fiscal first quarter of 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 July 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 84 $ 44.76 Vested (69) $ 52.23 Forfeited (13) $ 53.66 Granted 103 $ 57.62 Outstanding at July 31, 2017 105 $ 54.63 $ 7,769 The total recognized stock-based compensation expense for restricted stock was $0.8 million and $0.6 million for the three months ended July 31, 2017 and 2016. The total recognized stock-based compensation expense for restricted stock was $3.5 million and $1.6 million for the nine months ended July 31, 2017 and 2016. Total unrecognized stock-based compensation expense totaled $3.9 million and $7.4 million as of July 31, 2017 and October 31, 2016, and will be amortized through fiscal year 2019. 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 8 $ 18.05 Exercised (1) $ 14.58 Outstanding at July 31, 2017 7 $ 18.54 $ 516 Exercisable at July 31, 2017 7 $ 18.54 $ 516 At July 31, 2017, outstanding and exercisable stock options had a weighted-average remaining contractual term of 1.9 years. The total recognized and unrecognized stock-based compensation expense was insignificant for the three and nine months ended July 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 Aggregate Exercise Intrinsic Number of Shares Price Value Outstanding at October 31, 2016 11 $ 23.33 Granted 10 $ 56.65 Exercised (1) $ 21.80 Outstanding at July 31, 2017 20 $ 40.07 $ 673 Exercisable at July 31, 2017 8 $ 23.48 $ 402 At July 31, 2017, outstanding and exercisable stock options had a weighted-average remaining contractual term of 5.5 years. The total recognized and unrecognized stock-based compensation expense was insignificant for the three months and nine months ended July 31, 2017.

Other events

Other events	9 Months Ended
	Jul. 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. 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. In August 2017, the parties reached a tentative settlement of the case, whereby we agreed to pay $0.4 million to resolve the allegations and avoid further distraction that would result if the litigation continued. The settlement is subject to court approval. The Company recorded $0.4 million as a selling, general and administrative expense in the third quarter of fiscal 2017. 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, as appropriate, can lead to a reconsideration of the MFM findings. We expect that several formal meetings between us, the MFM and the PRODECON will be required before the MFM will reach a conclusion. The first such meeting occurred during our second fiscal quarter of fiscal 2017. We expect another meeting to occur in the coming months. During the meeting and discussion process, the fiscal year 2011 final assessment (previously expected no later than February 2017) has been suspended. 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 provided a written rebuttal to these preliminary observation during our second fiscal quarter of 2017 which the SAT is in process of analyzing. During our third fiscal quarter of 2017, we requested the adoption of a conclusive agreement before the PRODECON (Local Tax Ombudsman) so that a full discussion of the case between us, the SAT and the PRODECON, as appropriate, can lead to a reconsideration of the SATs findings. We expect that several formal meetings between us, the SAT and the PRODECON will be required before the SAT will reach a conclusion. Note that during the meeting and discussion process, the fiscal year 2013 final assessment (previously expected no later September 2017) has been suspended. 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	9 Months Ended
	Jul. 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 July 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) $ 39,342 - - $ 39,342 Total assets at fair value $ 39,342 - - $ 39,342 (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 July 31, 2017 and October 31, 2016 equaled $22.76 per share and $19.69 per share. Unrealized gains and losses are recognized through other comprehensive income. Unrealized investment holding gains arising during the three months ended July 31, 2017 was $3.6 million. Unrealized investment holding losses arising during the three months ended July 31, 2016 was $0.3 million. Unrealized investment holding gains arising during the nine months ended July 31, 2017 and 2016 was $5.3 million and $3.2 million.

Noncontrolling interest

Noncontrolling interest	9 Months Ended
	Jul. 31, 2017
Noncontrolling Interest [Abstract]
Noncontrolling interest	9. In March 2017, 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 35 percent ownership of Calavo Salsa Lisa not held by us for $1.0 million. 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 July 31, 2017 July 31, 2016 Noncontrolling interest, beginning $ — $ 285 Purchase of noncontrolling interest of Salsa Lisa — — Noncontrolling interest, ending $ — $ 285 Nine months Nine months ended ended Salsa Lisa noncontrolling interest July 31, 2017 July 31, 2016 Noncontrolling interest, beginning $ 771 $ 285 Purchase of noncontrolling interest of Salsa Lisa (771) — Noncontrolling interest, ending $ — $ 285 Three months Three months ended ended Avocados de Jalisco noncontrolling interest July 31, 2017 July 31, 2016 Noncontrolling interest, beginning $ 923 $ 1,025 Net loss attributable to noncontrolling interest of Avocados de Jalisco (14) (36) Noncontrolling interest, ending $ 909 $ 989 Nine months Nine months ended ended Avocados de Jalisco noncontrolling interest July 31, 2017 July 31, 2016 Noncontrolling interest, beginning $ 962 $ 1,011 Net loss attributable to noncontrolling interest of Avocados de Jalisco (53) (22) Noncontrolling interest, ending $ 909 $ 989

Earnings per share

Earnings per share	9 Months Ended
	Jul. 31, 2017
Earnings Per Share [Abstract]
Earnings per share	10. Basic and diluted net income per share is calculated as follows (data in thousands, except per share data): Three months ended July 31, 2017 2016 Numerator: Net Income attributable to Calavo Growers, Inc. $ 8,810 $ 12,745 Denominator: Weighted average shares - Basic 17,428 17,351 Effect on dilutive securities – Restricted stock/options 116 96 Weighted average shares - Diluted 17,544 17,447 Net income per share attributable to Calavo Growers, Inc: Basic $ 0.51 $ 0.73 Diluted $ 0.50 $ 0.73 Nine months ended July 31, 2017 2016 Numerator: Net Income attributable to Calavo Growers, Inc. $ 27,004 $ 28,783 Denominator: Weighted average shares - Basic 17,412 17,340 Effect on dilutive securities – Restricted stock/options 95 85 Weighted average shares - Diluted 17,507 17,425 Net income per share attributable to Calavo Growers, Inc: Basic $ 1.55 $ 1.66 Diluted $ 1.54 $ 1.65

Mexican IVA taxes receivable

Mexican IVA taxes receivable	9 Months Ended
	Jul. 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 July 31, 2017 and October 31, 2016, CDM IVA receivables totaled $18.7 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 expects to have a resolution to this matter in the fourth quarter of fiscal 2017; however, it should be noted that our timing expectations are predicated on a timely response from the tax authorities. 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 July 31, 2017 and October 31, 2016, $18.7 million and $7.0 million of CDM IVA receivables were recorded in other assets.

Subsequent Events

Subsequent Events	9 Months Ended
	Jul. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent event In August 2017, Hurricane Harvey made landfall as a category 4 hurricane impacting the Houston metropolitan area with significant flooding. Although we suffered only minimal physical damage to our facility in Houston, the damage to the region in general has temporarily impacted our ability to operate. We are continuing to evaluate the impact of Harvey on our business, but we do not believe that this will have a material impact on our financial statements.

Description of the business (Po

Description of the business (Policies)	9 Months Ended
	Jul. 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 retail grocery, foodservice, club stores, mass merchandisers, food distributors and wholesalers 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 prepared 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 Standards Update ("ASU"), Improvements to Employee Share-Based Payment Accounting , which simplified several areas of accounting for share-based compensation arrangements, including the income tax impact, classification on the statement of cash flows and forfeitures. The new standard requires excess tax benefits or deficiencies for share-based payments to be recognized as income tax benefit or expense, rather than within additional paid-in capital, when the awards vest or are settled. Furthermore, cash flows related to excess tax benefits are required to be classified as operating activities in the statement of cash flows rather than financing activities. We have elected to account for forfeitures of stock-based awards as they occur. The Company’s early adoption of the amendments resulted in an income tax benefit of approximately $0.3 million on the Company’s net earnings in the first quarter of fiscal year 2017. 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	Recently Issued Accounting Standards In May 2017, the FASB issued an ASU, Stock Compensation (Topic 718), Scope of Modification Accounting . This ASU clarifies when changes to the terms or conditions of a share-based payment award must be accounted for as modifications. The guidance clarifies that modification accounting will be applied if the value, vesting conditions or classification of the award changes. This ASU will be effective for us beginning the first day of our 2018 fiscal year. We do not anticipate a significant impact on our financial condition, results of operations and cash flows upon adoption. In March 2017, the FASB issued an ASU, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. This ASU requires that the service cost component of net periodic benefit costs from defined benefit and other postretirement benefit plans be included in the same Statement of Earnings captions as other compensation costs arising from services rendered by the covered employees during the period. The other components of net benefit cost will be presented in the Statement of Earnings separately from service costs. Following adoption, only service costs will be eligible for capitalization into manufactured inventories, which should reduce diversity in practice. This ASU will be effective for us beginning the first day of our 2019 fiscal year. We do not anticipate a significant impact on our financial condition, results of operations and cash flows upon adoption. In January 2017, the FASB issued an ASU, Business Combinations: Clarifying the Definition of a Business, which adds guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. This ASU will be effective for us beginning the first day of our 2019 fiscal year. Early adoption is permitted. We do not expect this ASU to have an impact until an applicable transaction takes place. In October 2016, the FASB issued an ASU, Intra-Entity Transfers of Assets Other Than Inventory, which will require companies to recognize the income tax effects of intra-entity sales and transfers of assets other than inventory, particularly those asset transfers involving intellectual property, in the period in which the transfer occurs. The ASU will be effective for us beginning the first day of our 2019 fiscal year and is not expected to have a significant impact upon adoption. In January 2017, the FASB issued an ASU, Simplifying the Test for Goodwill Impairment, which removes the requirement to compare the implied fair value of goodwill with its carrying amount as part of step 2 of the goodwill impairment test. The ASU permits an entity to perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. This ASU will be effective for us beginning the first day of our 2021 fiscal year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, results of operations and cash flows, and as such, we are not able to estimate the effect the adoption of the new standard will have on our financial statements. In February 2016, the FASB issued an ASU, Leases , 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 2020 fiscal year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, results of operations and cash flows, and as such, we are not able to estimate the effect the adoption of the new standard will have on our financial statements. 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.

Information regarding our ope20

Information regarding our operations in different segments (Tables)	9 Months Ended
	Jul. 31, 2017
Segment Reporting [Abstract]
Sales by Product Category, by Segment	Three months ended July 31, 2017 Three months ended July 31, 2016 Fresh Calavo Fresh Calavo products Foods RFG Total products Foods RFG Total Third-party sales: Avocados $ 161,183 $ — $ — $ 161,183 $ 151,364 $ — $ — $ 151,364 Tomatoes 6,161 — — 6,161 2,581 — — 2,581 Papayas 2,225 — — 2,225 2,614 — — 2,614 Other fresh products 77 — — 77 433 — — 433 Food service — 15,290 — 15,290 — 12,929 — 12,929 Retail and club — 7,794 112,804 120,598 — 6,056 91,631 97,687 Total gross sales 169,646 23,084 112,804 305,534 156,992 18,985 91,631 267,608 Less sales incentives (727) (2,833) (329) (3,889) (863) (2,700) (899) (4,462) Net sales $ 168,919 $ 20,251 $ 112,475 $ 301,645 $ 156,129 $ 16,285 $ 90,732 $ 263,146 Nine months ended July 31, 2017 Nine months ended July 31, 2016 Fresh Calavo Fresh Calavo products Foods RFG Total products Foods RFG Total Third-party sales: Avocados $ 408,825 $ — $ — $ 408,825 $ 354,785 $ — $ — $ 354,785 Tomatoes 22,313 — — 22,313 34,375 — — 34,375 Papayas 6,544 — — 6,544 7,054 — — 7,054 Other fresh products 178 — — 178 854 — — 854 Food service — 42,971 — 42,971 — 37,998 — 37,998 Retail and club — 19,243 308,879 328,122 — 16,636 248,176 264,812 Total gross sales 437,860 62,214 308,879 808,953 397,068 54,634 248,176 699,878 Less sales incentives (1,259) (8,338) (995) (10,592) (1,804) (7,508) (2,542) (11,854) Net sales $ 436,601 $ 53,876 $ 307,884 $ 798,361 $ 395,264 $ 47,126 $ 245,634 $ 688,024
Gross Margin	Fresh Calavo products Foods RFG Total Three months ended July 31, 2017 Net sales $ 168,919 $ 20,251 $ 112,475 $ 301,645 Cost of sales 151,971 19,175 105,647 276,793 Gross margin $ 16,948 $ 1,076 $ 6,828 $ 24,852 Three months ended July 31, 2016 Net sales $ 156,129 $ 16,285 $ 90,732 $ 263,146 Cost of sales 137,845 10,484 82,173 230,502 Gross margin $ 18,284 $ 5,801 $ 8,559 $ 32,644 For the three months ended July 31, 2017 and 2016, inter-segment sales and cost of sales of $0.6 million and $1.4 million between Fresh products and RFG were eliminated. For the three months ended July 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. For the three months ended July 31, 2017, inter-segment sales and cost of sales of $0.4 million between Fresh products and Calavo Foods were eliminated. Fresh Calavo products Foods RFG Total Nine months ended July 31, 2017 Net sales $ 436,601 $ 53,876 $ 307,884 $ 798,361 Cost of sales 388,005 42,108 285,219 715,332 Gross margin $ 48,596 $ 11,768 $ 22,665 $ 83,029 Nine months ended July 31, 2016 Net sales $ 395,264 $ 47,126 $ 245,634 $ 688,024 Cost of sales 352,424 29,228 225,923 607,575 Gross margin $ 42,840 $ 17,898 $ 19,711 $ 80,449 For the nine months ended July 31, 2017 and 2016, inter-segment sales and cost of sales of $0.9 million and $2.8 million between Fresh products and RFG were eliminated. For the nine months ended July 31, 2017 and 2016, inter-segment sales and cost of sales of $2.3 million and $2.0 million between Calavo Foods and RFG were eliminated. For the nine months ended July 31, 2017, inter-segment sales and cost of sales of $0.4 million between Fresh products and Calavo Foods were eliminated.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jul. 31, 2017
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consist of the following (in thousands): July 31, October 31, 2017 2016 Fresh fruit $ 15,853 $ 17,126 Packing supplies and ingredients 9,870 7,605 Finished prepared foods 6,991 7,118 $ 32,714 $ 31,849

Related party transactions (Tab

Related party transactions (Tables)	9 Months Ended
	Jul. 31, 2017
Related-Party Transactions [Abstract]
Schedule of related party transactions	Three months ended July 31, (in thousands) 2017 2016 Rent paid to LIG $ 138 $ 133 Rent paid to THNC, LLC $ 199 $ 77 Nine months ended July 31, (in thousands) 2017 2016 Rent paid to LIG $ 407 $ 395 Rent paid to THNC, LLC $ 460 $ 229

Other assets (Tables)

Other assets (Tables)	9 Months Ended
	Jul. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consist of the following (in thousands): July 31, October 31, 2017 2016 Intangibles, net $ 2,507 $ 3,365 Mexican IVA (i.e. value-added) taxes receivable 18,680 6,962 Grower advances — 49 Infrastructure advance to Agricola Belher 600 600 Loan to FreshRealm members 312 318 Notes receivable from San Rafael 603 928 Other 1,183 1,027 $ 23,885 $ 13,249
Schedule of Intangible Assets	Intangible assets consist of the following (in thousands): July 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 $ 7,640 $ (5,950) $ 1,690 $ 7,640 $ (5,241) $ 2,399 Trade names 8.2 years 2,760 (2,492) 268 2,760 (2,380) 380 Trade secrets/recipes 9.3 years 630 (356) 274 630 (319) 311 Brand name intangibles indefinite 275 — 275 275 — 275 Non-competition agreements 5.0 years 267 (267) — 267 (267) — Intangibles, net $ 11,572 $ (9,065) $ 2,507 $ 11,572 $ (8,207) $ 3,365

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Jul. 31, 2017
Grant Date Fair Value Calculations for Stock Options	Risk-free interest rate Expected volatility Dividend yield Expected life (years)
Restricted Stock Activity	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 84 $ 44.76 Vested (69) $ 52.23 Forfeited (13) $ 53.66 Granted 103 $ 57.62 Outstanding at July 31, 2017 105 $ 54.63 $ 7,769
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 8 $ 18.05 Exercised (1) $ 14.58 Outstanding at July 31, 2017 7 $ 18.54 $ 516 Exercisable at July 31, 2017 7 $ 18.54 $ 516
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, 2016 11 $ 23.33 Granted 10 $ 56.65 Exercised (1) $ 21.80 Outstanding at July 31, 2017 20 $ 40.07 $ 673 Exercisable at July 31, 2017 8 $ 23.48 $ 402

Fair value measurements (Tables

Fair value measurements (Tables)	9 Months Ended
	Jul. 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) $ 39,342 - - $ 39,342 Total assets at fair value $ 39,342 - - $ 39,342 (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 July 31, 2017 and October 31, 2016 equaled $22.76 per share and $19.69 per share. Unrealized gains and losses are recognized through other comprehensive income. Unrealized investment holding gains arising during the three months ended July 31, 2017 was $3.6 million. Unrealized investment holding losses arising during the three months ended July 31, 2016 was $0.3 million. Unrealized investment holding gains arising during the nine months ended July 31, 2017 and 2016 was $5.3 million and $3.2 million.

Noncontrolling interest (Tables

Noncontrolling interest (Tables)	9 Months Ended
	Jul. 31, 2017
Noncontrolling Interest [Abstract]
Reconciles Shareholders' Equity Attributable to 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 July 31, 2017 July 31, 2016 Noncontrolling interest, beginning $ — $ 285 Purchase of noncontrolling interest of Salsa Lisa — — Noncontrolling interest, ending $ — $ 285 Nine months Nine months ended ended Salsa Lisa noncontrolling interest July 31, 2017 July 31, 2016 Noncontrolling interest, beginning $ 771 $ 285 Purchase of noncontrolling interest of Salsa Lisa (771) — Noncontrolling interest, ending $ — $ 285 Three months Three months ended ended Avocados de Jalisco noncontrolling interest July 31, 2017 July 31, 2016 Noncontrolling interest, beginning $ 923 $ 1,025 Net loss attributable to noncontrolling interest of Avocados de Jalisco (14) (36) Noncontrolling interest, ending $ 909 $ 989 Nine months Nine months ended ended Avocados de Jalisco noncontrolling interest July 31, 2017 July 31, 2016 Noncontrolling interest, beginning $ 962 $ 1,011 Net loss attributable to noncontrolling interest of Avocados de Jalisco (53) (22) Noncontrolling interest, ending $ 909 $ 989

Earnings per share (Tables)

Earnings per share (Tables)	9 Months Ended
	Jul. 31, 2017
Earnings Per Share [Abstract]
Schedule of basic and diluted net income per share	Basic and diluted net income per share is calculated as follows (data in thousands, except per share data): Three months ended July 31, 2017 2016 Numerator: Net Income attributable to Calavo Growers, Inc. $ 8,810 $ 12,745 Denominator: Weighted average shares - Basic 17,428 17,351 Effect on dilutive securities – Restricted stock/options 116 96 Weighted average shares - Diluted 17,544 17,447 Net income per share attributable to Calavo Growers, Inc: Basic $ 0.51 $ 0.73 Diluted $ 0.50 $ 0.73 Nine months ended July 31, 2017 2016 Numerator: Net Income attributable to Calavo Growers, Inc. $ 27,004 $ 28,783 Denominator: Weighted average shares - Basic 17,412 17,340 Effect on dilutive securities – Restricted stock/options 95 85 Weighted average shares - Diluted 17,507 17,425 Net income per share attributable to Calavo Growers, Inc: Basic $ 1.55 $ 1.66 Diluted $ 1.54 $ 1.65

Description of Business (Detail

Description of Business (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Jul. 31, 2017	Jan. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Income tax benefit resulting from early adoption	$ 3,719		$ 7,323	$ 13,883	$ 16,609
Accounting Standards Update 2016-09 [Member] | New Accounting Pronouncement, Early Adoption, Effect [Member]
Income tax benefit resulting from early adoption		$ (300)

Information Regarding Our Ope29

Information Regarding Our Operations in Different Segments - Additional Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2017USD ($)	Jul. 31, 2016USD ($)	Jul. 31, 2017USD ($)segment	Jul. 31, 2016USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment			3
Inter-segment sales and cost of sales eliminated	$ 301,645	$ 263,146	$ 798,361	$ 688,024
Fresh products [Member]
Segment Reporting Information [Line Items]
Inter-segment sales and cost of sales eliminated	168,919	156,129	436,601	395,264
Calavo Foods [Member]
Segment Reporting Information [Line Items]
Inter-segment sales and cost of sales eliminated	20,251	16,285	53,876	47,126
RFG
Segment Reporting Information [Line Items]
Inter-segment sales and cost of sales eliminated	112,475	90,732	307,884	245,634
Intersegment Eliminations between Fresh products and RFG [Member]
Segment Reporting Information [Line Items]
Inter-segment sales and cost of sales eliminated	600	1,400	900	2,800
Intersegment Eliminations between Calavo Foods and RFG [Member]
Segment Reporting Information [Line Items]
Inter-segment sales and cost of sales eliminated	900	$ 700	2,300	$ 2,000
Intersegment Eliminations between Calavo Foods and Fresh Products [Member]
Segment Reporting Information [Line Items]
Inter-segment sales and cost of sales eliminated	$ 400		$ 400

Information Regarding Our Ope30

Information Regarding Our Operations in Different Segments - Sales by Product Category, Net Sales (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Segment Reporting Information [Line Items]
Total gross sales	$ 305,534	$ 267,608	$ 808,953	$ 699,878
Less sales incentives	(3,889)	(4,462)	(10,592)	(11,854)
Net sales	301,645	263,146	798,361	688,024
Avocados [Member]
Segment Reporting Information [Line Items]
Total gross sales	161,183	151,364	408,825	354,785
Tomatoes [Member]
Segment Reporting Information [Line Items]
Total gross sales	6,161	2,581	22,313	34,375
Papayas [Member]
Segment Reporting Information [Line Items]
Total gross sales	2,225	2,614	6,544	7,054
Other fresh products [Member]
Segment Reporting Information [Line Items]
Total gross sales	77	433	178	854
Food service [Member]
Segment Reporting Information [Line Items]
Total gross sales	15,290	12,929	42,971	37,998
Retail and club [Member]
Segment Reporting Information [Line Items]
Total gross sales	120,598	97,687	328,122	264,812
Fresh products [Member]
Segment Reporting Information [Line Items]
Total gross sales	169,646	156,992	437,860	397,068
Less sales incentives	(727)	(863)	(1,259)	(1,804)
Net sales	168,919	156,129	436,601	395,264
Fresh products [Member] | Avocados [Member]
Segment Reporting Information [Line Items]
Total gross sales	161,183	151,364	408,825	354,785
Fresh products [Member] | Tomatoes [Member]
Segment Reporting Information [Line Items]
Total gross sales	6,161	2,581	22,313	34,375
Fresh products [Member] | Papayas [Member]
Segment Reporting Information [Line Items]
Total gross sales	2,225	2,614	6,544	7,054
Fresh products [Member] | Other fresh products [Member]
Segment Reporting Information [Line Items]
Total gross sales	77	433	178	854
Calavo Foods [Member]
Segment Reporting Information [Line Items]
Total gross sales	23,084	18,985	62,214	54,634
Less sales incentives	(2,833)	(2,700)	(8,338)	(7,508)
Net sales	20,251	16,285	53,876	47,126
Calavo Foods [Member] | Food service [Member]
Segment Reporting Information [Line Items]
Total gross sales	15,290	12,929	42,971	37,998
Calavo Foods [Member] | Retail and club [Member]
Segment Reporting Information [Line Items]
Total gross sales	7,794	6,056	19,243	16,636
RFG
Segment Reporting Information [Line Items]
Total gross sales	112,804	91,631	308,879	248,176
Less sales incentives	(329)	(899)	(995)	(2,542)
Net sales	112,475	90,732	307,884	245,634
RFG | Retail and club [Member]
Segment Reporting Information [Line Items]
Total gross sales	$ 112,804	$ 91,631	$ 308,879	$ 248,176

Information Regarding Our Ope31

Information Regarding Our Operations in Different Segments - Gross Margin (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Segment Reporting Information [Line Items]
Net sales	$ 301,645	$ 263,146	$ 798,361	$ 688,024
Cost of sales	276,793	230,502	715,332	607,575
Gross margin	24,852	32,644	83,029	80,449
Fresh products [Member]
Segment Reporting Information [Line Items]
Net sales	168,919	156,129	436,601	395,264
Cost of sales	151,971	137,845	388,005	352,424
Gross margin	16,948	18,284	48,596	42,840
Calavo Foods [Member]
Segment Reporting Information [Line Items]
Net sales	20,251	16,285	53,876	47,126
Cost of sales	19,175	10,484	42,108	29,228
Gross margin	1,076	5,801	11,768	17,898
RFG
Segment Reporting Information [Line Items]
Net sales	112,475	90,732	307,884	245,634
Cost of sales	105,647	82,173	285,219	225,923
Gross margin	$ 6,828	$ 8,559	$ 22,665	$ 19,711

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jul. 31, 2017	Oct. 31, 2016
Inventory Disclosure [Abstract]
Fresh fruit	$ 15,853	$ 17,126
Packing supplies and ingredients	9,870	7,605
Finished prepared foods	6,991	7,118
Total, Inventories	32,714	31,849
Adjustment for inventory to the lower of cost or market value	$ 100	$ 1,100

Related-Party Transactions (Det

Related-Party Transactions (Details) $ in Thousands	1 Months Ended			3 Months Ended		9 Months Ended
	Apr. 30, 2017USD ($)	Feb. 28, 2017USD ($)item	Jul. 31, 2015USD ($)	Jul. 31, 2017USD ($)	Jul. 31, 2016USD ($)	Jul. 31, 2017USD ($)item	Jul. 31, 2016USD ($)	Sep. 30, 2017USD ($)	Oct. 31, 2016USD ($)	Jan. 31, 2016USD ($)	Aug. 31, 2015
Related Party Transaction [Line Items]
Number of board of directors | item						2
Revenue, Net				$ 301,645	$ 263,146	$ 798,361	$ 688,024
Amount paid for 50% ownership		$ 1,000
Infrastructure Advance Agreement With Belher [Member]
Related Party Transaction [Line Items]
Infrastructure advances due				800		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			200
Other Long Term Assets [Member] | Infrastructure Advance Agreement With Belher [Member]
Related Party Transaction [Line Items]
Infrastructure advances due				600		600			600
Avocados de Jalisco
Related Party Transaction [Line Items]
Purchases from related parties				1,700		1,700
Ownership interest											80.00%
Preseason advances				$ 300		$ 300			300
FreshRealm
Related Party Transaction [Line Items]
Ownership interest				46.00%		46.00%
Investment in unconsolidated entities				$ 5,600		$ 5,600
Number of officers | item						1
Bridge Loan		1,500
Loan		800		300		$ 300			300
Additional loan		$ 800
Number of other members who loaned | item		2
Additional investment amount	$ 8,300
Storage services reveune				100		200
FreshRealm | Subsequent Event
Related Party Transaction [Line Items]
Investment in unconsolidated entities								$ 1,400
Director
Related Party Transaction [Line Items]
Accounts payable to related parties				3,600		3,600
Limoneira
Related Party Transaction [Line Items]
Dividend income from Limoneira				100	100	300	300
Rent paid				$ 100	100	$ 200	200
Ownership interest				12.00%		12.00%
TroyGould PC
Related Party Transaction [Line Items]
Legal fees				$ 100	100	$ 200	200
LIG
Related Party Transaction [Line Items]
Rent paid				138	133	407	395
THNC
Related Party Transaction [Line Items]
Rent paid				199	77	460	229
Calavo Sub
Related Party Transaction [Line Items]
Investment in unconsolidated entities				4,300		4,300			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				2,500		2,500			4,400
Agricola Don Memo
Related Party Transaction [Line Items]
Amount loaned to Don Memo since its formation				4,000		4,000
Advances to supplier				1,600		1,600			$ 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				12,300	19,900	17,500	23,500
Tomatoes [Member] | Agricola Belher
Related Party Transaction [Line Items]
Purchases from related parties				800	500	13,900	26,000
Tomatoes [Member] | Agricola Don Memo
Related Party Transaction [Line Items]
Purchases from related parties				$ 4,300	$ 1,400	$ 5,000	$ 1,400

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2017	Oct. 31, 2016
Statement of Financial Position [Abstract]
Intangibles, net	$ 2,507	$ 3,365
Mexican IVA (i.e. value-added) taxes receivable	18,680	6,962
Grower advances		49
Infrastructure advance to Agricola Belher	600	600
Loan to FreshRealm members	312	318
Notes receivable from San Rafael	603	928
Other	1,183	1,027
Other assets	$ 23,885	$ 13,249

Other Assets - Schedule of Inta

Other Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2017	Oct. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Finite and indefinite lived intangible assets gross	$ 11,572	$ 11,572
Accum. Amortization	(9,065)	(8,207)
Intangibles, net	2,507	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	(5,950)	(5,241)
Net Book Value	$ 1,690	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	(2,492)	(2,380)
Net Book Value	$ 268	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	(356)	(319)
Net Book Value	$ 274	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	Jul. 31, 2017USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense for remainder of fiscal 2017	$ 0.3
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	Jul. 31, 2017USD ($)	Jul. 31, 2016USD ($)	Jul. 31, 2017USD ($)$ / sharesshares	Jul. 31, 2016USD ($)	Oct. 31, 2016USD ($)	Apr. 30, 2011shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense | $							$ 3,489	$ 1,577
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
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
2005 Stock Incentive Plan [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercised, Weighted-Average Exercise Price | $ / shares							$ 14.58
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 | $					$ 800	$ 600	$ 3,500	$ 1,600
Unrecognized stock based compensation expenses | $					3,900		$ 3,900		$ 7,400
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 | $					300		$ 800
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 | $					$ 300		$ 600
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
Exercised, Weighted-Average Exercise Price | $ / shares							$ 21.80

Stock-Based Compensation - Gran

Stock-Based Compensation - Grant Date Fair Value Calculations for Stock Options (Details)	9 Months Ended
	Jul. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Risk-free interest rate	1.84%
Expected volatility	42.09%
Dividend yield	1.59%
Expected life (years)	5 years

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	Jul. 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		$ 7,769

Stock-Based Compensation - Su40

Stock-Based Compensation - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Jul. 31, 2017	Oct. 31, 2016
2005 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding stock options, weighted-average remaining contractual term	1 year 10 months 24 days
Exercisable stock options, weighted-average remaining contractual term	1 year 10 months 24 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 6 months
Exercisable stock options, weighted-average remaining contractual term	5 years 6 months
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
Exercised, Number of Shares	1
Outstanding, Number of Shares, Ending Balance	7
Exercisable, Number of Shares	7
Outstanding, Weighted-Average Exercise Price	$ 18.54	$ 18.05
Exercised, Weighted-Average Exercise Price	14.58
Exercisable, Weighted-Average Exercise Price	$ 18.54
Outstanding, Aggregate Intrinsic Value	$ 516
Exercisable, Aggregate Intrinsic Value	$ 516
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
Exercised, Number of Shares	(1)
Outstanding, Number of Shares, Ending Balance	20
Exercisable, Number of Shares	8
Outstanding, Weighted-Average Exercise Price	$ 40.07	$ 23.33
Granted, Weighted-Average Exercise Price	56.65
Exercised, Weighted-Average Exercise Price	21.80
Exercisable, Weighted-Average Exercise Price	$ 23.48
Outstanding, Aggregate Intrinsic Value	$ 673
Exercisable, Aggregate Intrinsic Value	$ 402

Other Events (Details)

Other Events (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 08, 2016	Jul. 31, 2017	Jul. 31, 2017	Jul. 31, 2016	Aug. 31, 2017
Dividend payment	$ 0.90
Dividend aggregate amount to shareholders			$ 15,696	$ 13,907
Estimate of loss					$ 400
Selling, General and Administrative Expenses
Settlement expenses		$ 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		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016	Oct. 31, 2016
Assets at Fair Value:
Unrealized Gain (Loss) on Investments			$ 5,307	$ 3,164
Limoneira
Assets at Fair Value:
Percentage of outstanding shares of Limoneira's shares owned	12.00%		12.00%
Limoneira's stock price	$ 22.76		$ 22.76		$ 19.69
Unrealized investment holding income (losses)	$ 3,600	$ 300	$ 5,300	$ 3,200
Fair Value, Measurements, Recurring
Assets at Fair Value:
Total assets at fair value	39,342		39,342
Fair Value, Measurements, Recurring | Limoneira
Assets at Fair Value:
Total assets at fair value	39,342		39,342
Fair Value, Measurements, Recurring | Level 1
Assets at Fair Value:
Total assets at fair value	39,342		39,342
Fair Value, Measurements, Recurring | Level 1 | Limoneira
Assets at Fair Value:
Total assets at fair value	$ 39,342		$ 39,342

Noncontrolling Interest - Share

Noncontrolling Interest - Shareholders' Equity Attributable to Noncontrolling Interest (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Feb. 28, 2017	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Noncontrolling Interest [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	35.00%
Purchase price	$ 1,000
Noncontrolling interest, beginning				$ 962
Purchase of noncontrolling interest of Salsa Lisa				(1,000)
Less: Net loss attributable to noncontrolling interest		$ 14	$ 36	53	$ 22
Noncontrolling interest, ending		909		909
Salsa Lisa noncontrolling interest
Noncontrolling Interest [Line Items]
Noncontrolling interest, beginning			285	771	285
Purchase of noncontrolling interest of Salsa Lisa				(771)
Noncontrolling interest, ending			285		285
Avocados de Jalisco
Noncontrolling Interest [Line Items]
Noncontrolling interest, beginning		923	1,025	962	1,011
Less: Net loss attributable to noncontrolling interest		(14)	(36)	(53)	(22)
Noncontrolling interest, ending		$ 909	$ 989	$ 909	$ 989

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Earnings Per Share [Abstract]
Net income attributable to Calavo Growers, Inc.	$ 8,810	$ 12,745	$ 27,004	$ 28,783
Weighted average shares - Basic	17,428	17,351	17,412	17,340
Effect on dilutive securities - Restricted stock/options	116	96	95	85
Weighted average shares - Diluted	17,544	17,447	17,507	17,425
Basic	$ 0.51	$ 0.73	$ 1.55	$ 1.66
Diluted	$ 0.50	$ 0.73	$ 1.54	$ 1.65

Mexican IVA taxes receivable (D

Mexican IVA taxes receivable (Details) - USD ($) $ in Thousands	Jul. 31, 2017	Oct. 31, 2016
Value Added Tax Receivable [Abstract]
IVA receivables balance	$ 18,700	$ 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	$ 18,680	$ 6,962