Calavo Growers (CVGW) 10-Q 8 Sep 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Jul. 31, 2021shares
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2021
Document Transition Report	false
Entity File Number	000-33385
Entity Registrant Name	CALAVO GROWERS, INC
Entity Incorporation, State or Country Code	CA
Entity Tax Identification Number	33-0945304
Entity Address, Address Line One	1141-A Cummings Road
Entity Address, City or Town	Santa Paula
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	93060
City Area Code	805
Local Phone Number	525-1245
Title of 12(b) Security	Common Stock
Trading Symbol	CVGW
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	17,683,309
Entity Central Index Key	0001133470
Current Fiscal Year End Date	--10-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 31, 2021	Oct. 31, 2020
Current assets:
Cash and cash equivalents	$ 368	$ 4,055
Restricted cash	970
Accounts receivable, net of allowances of $6,860 (2021) and $3,498 (2020)	79,979	63,668
Inventories	47,443	41,787
Prepaid expenses and other current assets	14,227	10,733
Advances to suppliers	8,703	5,061
Income taxes receivable	6,577	10,591
Total current assets	158,267	135,895
Property, plant, and equipment, net	129,080	130,270
Operating lease right-of-use assets	57,036	60,262
Investment in Limoneira Company	30,040	23,197
Investments in unconsolidated entities	4,309	6,065
Deferred income taxes	2,790	2,486
Goodwill	28,653	28,568
Intangibles, net	9,137	10,323
Other assets	40,006	32,558
Total assets	459,318	429,624
Current liabilities:
Payable to growers	30,040	11,346
Trade accounts payable	10,424	9,384
Accrued expenses	40,713	36,922
Borrowings pursuant to credit facilities, current		20,550
Dividend payable		20,343
Other current liabilities	11,000
Current portion of operating leases	7,051	6,443
Current portion of long-term obligations and finance leases	1,486	1,343
Total current liabilities	100,714	106,331
Long-term liabilities:
Borrowings pursuant to credit facilities, long-term	36,000
Long-term operating leases, less current portion	54,447	58,273
Long-term obligations and finance leases, less current portion	5,688	5,716
Other long-term liabilities	3,136	3,302
Total long-term liabilities	99,271	67,291
Commitments and contingencies
Shareholders' equity:
Common stock ($0.001 par value, 100,000 shares authorized; 17,683 (2021) and 17,661 (2020) shares issued and outstanding)	18	18
Additional paid-in capital	167,215	165,000
Noncontrolling interest	1,451	1,472
Retained earnings	90,649	89,512
Total shareholders' equity	259,333	256,002
Total liabilities and shareholders' equity	$ 459,318	$ 429,624

CONSOLIDATED CONDENSED BALANC_2

CONSOLIDATED CONDENSED BALANCE SHEETS (PARENTHETICAL) - USD ($) shares in Thousands, $ in Thousands	Jul. 31, 2021	Oct. 31, 2020
Statement of Financial Position [Abstract]
Allowances of accounts receivable	$ 6,860	$ 3,498
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000	100,000
Common stock, shares issued	17,683	17,661
Common stock, shares outstanding	17,683	17,661

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Income Statement [Abstract]
Net sales	$ 285,008	$ 270,425	$ 782,407	$ 824,941
Cost of sales	277,141	239,590	734,101	756,223
Gross profit	7,867	30,835	48,306	68,718
Selling, general and administrative	12,387	13,424	40,374	44,226
Expenses related to Mexican tax matters	1,342		1,342
Gain on sale of Temecula packinghouse	(54)	(54)	(162)	(162)
Operating income (loss)	(5,808)	17,465	6,752	24,654
Interest expense	(208)	(203)	(573)	(732)
Other income, net	180	628	792	2,250
Recovery (Loss) on reserve for FreshRealm note receivable and impairment of investment	6,000	(37,192)	6,130	(37,192)
Unrealized net gain (loss) on Limoneira shares	(252)	218	6,843	(9,125)
Income (loss) before income taxes and loss from unconsolidated entities	(88)	(19,084)	19,944	(20,145)
Income tax (provision) benefit	(12,358)	4,682	(17,073)	6,540
Net loss from unconsolidated entities	(469)	(1,170)	(1,755)	(6,375)
Net income (loss)	(12,915)	(15,572)	1,116	(19,980)
Add: Net Income (loss) attributable to noncontrolling interest	(66)	(64)	21	128
Net Income (loss) attributable to Calavo Growers, Inc.	$ (12,981)	$ (15,636)	$ 1,137	$ (19,852)
Calavo Growers, Inc.'s net income (loss) per share:
Basic	$ (0.74)	$ (0.89)	$ 0.06	$ (1.13)
Diluted	$ (0.74)	$ (0.89)	$ 0.06	$ (1.13)
Number of shares used in per share computation:
Basic	17,630	17,586	17,616	17,558
Diluted	17,630	17,586	17,669	17,558

CONSOLIDATED CONDENSED STATEM_2

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Cash Flows from Operating Activities:
Net income (loss)	$ 1,116	$ (19,980)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	12,925	11,850
Non-cash operating lease expense	57	145
Net loss from unconsolidated entities	1,755	6,375
Unrealized net loss (gain) on Limoneira shares	(6,843)	9,125
Loss (recovery) on reserve for FreshRealm note receivable and impairment of investment	(6,130)	37,192
Interest income on notes to FreshRealm		(1,732)
Stock-based compensation expense	2,818	3,569
Gain on sale of Temecula packinghouse	(162)	(162)
Loss (gain) on disposal of property, plant, and equipment	(170)	230
Deferred income taxes on FreshRealm reserve and impairment loss		(7,525)
Effect on cash of changes in operating assets and liabilities:
Accounts receivable, net	(16,137)	(4,045)
Inventories, net	(5,687)	(6,363)
Prepaid expenses and other current assets	2,291	(814)
Advances to suppliers	(3,642)	4,873
Income taxes receivable/payable	4,014	(4,678)
Other assets	(7,003)	(9)
Payable to growers	18,694	5,027
Trade accounts payable, accrued expenses and other long-term liabilities	14,500	(12,722)
Net cash provided by operating activities	12,396	20,356
Cash Flows from Investing Activities:
Purchases of property, plant, and equipment	(9,639)	(8,349)
Acquisition of SFFI, net of cash acquired of $623		(18,396)
Loan to Agricola Belher	(3,500)
Recovery of proceeds from FreshRealm Separation Agreement	6,000
Investment in FreshRealm		(1,477)
Infrastructure advance to tomato growers	(1,326)
Net cash used in investing activities	(8,465)	(28,222)
Cash Flows from Financing Activities:
Payment of dividend to shareholders	(20,343)	(19,354)
Proceeds from revolving credit facility	266,350	172,450
Payments on revolving credit facility	(250,900)	(147,850)
Payments of minimum withholding taxes on net share settlement of equity awards	(650)	(1,179)
Payments on long-term obligations and finance leases	(1,152)	(687)
Proceeds from stock option exercises	47	86
Net cash provided by (used in) financing activities	(6,648)	3,466
Net decrease in cash, cash equivalents and restricted cash	(2,717)	(4,400)
Cash, cash equivalents and restricted cash, beginning of period	4,055	7,973
Cash, cash equivalents and restricted cash, end of period	1,338	3,573
Noncash Investing and Financing Activities:
Right of use assets obtained in exchange for new financing lease obligations	1,222	593
Notes receivable from FreshRealm converted to investment in FreshRealm		2,761
Property, plant, and equipment included in trade accounts payable and accrued expenses	$ 375	568
Collection for Agricola Belher Infrastructure Advance		$ 800

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) $ in Thousands	9 Months Ended
	Jul. 31, 2021USD ($)
Statement of Cash Flows [Abstract]
Cash acquired	$ 623

CONSOLIDATED CONDENSED STATEM_3

CONSOLIDATED CONDENSED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained EarningsCumulative effect adjustment	Retained Earnings	Noncontrolling Interest [Member]	Cumulative effect adjustment	Total
Beginning balance at Oct. 31, 2019	$ 18	$ 161,606	$ 1,165	$ 122,557	$ 1,688	$ 1,165	$ 285,869
Beginning balance, shares at Oct. 31, 2019	17,595
Exercise of stock options and income tax benefit		47					47
Exercise of stock options and income tax benefit, shares	2
Stock compensation expense		931					931
Restricted stock issued, shares	17
Avocados de Jalisco noncontrolling interest contribution					(63)		(63)
Net loss attributable to Calavo Growers, Inc.				(938)			(938)
Ending balance at Jan. 31, 2020	$ 18	162,584		122,784	1,625		287,011
Ending balance, shares at Jan. 31, 2020	17,614
Beginning balance at Oct. 31, 2019	$ 18	161,606	$ 1,165	122,557	1,688	$ 1,165	285,869
Beginning balance, shares at Oct. 31, 2019	17,595
Net loss attributable to Calavo Growers, Inc.							(19,852)
Ending balance at Jul. 31, 2020	$ 18	164,082		103,870	1,560		269,530
Ending balance, shares at Jul. 31, 2020	17,657
Beginning balance at Jan. 31, 2020	$ 18	162,584		122,784	1,625		287,011
Beginning balance, shares at Jan. 31, 2020	17,614
Exercise of stock options and income tax benefit		39					39
Exercise of stock options and income tax benefit, shares	2
Stock compensation expense		667					667
Payments of minimum withholding taxes on net share settlement of equity awards		(1,179)					(1,179)
Restricted stock issued		1,119					1,119
Restricted stock issued, shares	23
Avocados de Jalisco noncontrolling interest contribution					(129)		(129)
Net loss attributable to Calavo Growers, Inc.				(3,278)			(3,278)
Ending balance at Apr. 30, 2020	$ 18	163,230		119,506	1,496		284,250
Ending balance, shares at Apr. 30, 2020	17,639
Stock compensation expense		852					852
Restricted stock issued, shares	18
Avocados de Jalisco noncontrolling interest contribution					64		64
Net loss attributable to Calavo Growers, Inc.				(15,636)			(15,636)
Ending balance at Jul. 31, 2020	$ 18	164,082		103,870	1,560		269,530
Ending balance, shares at Jul. 31, 2020	17,657
Beginning balance at Oct. 31, 2020	$ 18	165,000		89,512	1,472		256,002
Beginning balance, shares at Oct. 31, 2020	17,661
Exercise of stock options and income tax benefit		47					47
Exercise of stock options and income tax benefit, shares	2
Stock compensation expense		907					907
Payments of minimum withholding taxes on net share settlement of equity awards		(467)					(467)
Restricted stock issued, shares	23
Avocados de Jalisco noncontrolling interest contribution					(40)		(40)
Net loss attributable to Calavo Growers, Inc.				5,277			5,277
Ending balance at Jan. 31, 2021	$ 18	165,487		94,789	1,432		261,726
Ending balance, shares at Jan. 31, 2021	17,686
Beginning balance at Oct. 31, 2020	$ 18	165,000		89,512	1,472		256,002
Beginning balance, shares at Oct. 31, 2020	17,661
Net loss attributable to Calavo Growers, Inc.							1,137
Ending balance at Jul. 31, 2021	$ 18	167,215		90,649	1,451		259,333
Ending balance, shares at Jul. 31, 2021	17,683
Beginning balance at Jan. 31, 2021	$ 18	165,487		94,789	1,432		261,726
Beginning balance, shares at Jan. 31, 2021	17,686
Stock compensation expense		1,357					1,357
Payments of minimum withholding taxes on net share settlement of equity awards		(135)					(135)
Payments of minimum withholding taxes on net share settlement of equity awards, shares	(2)
Avocados de Jalisco noncontrolling interest contribution					(47)		(47)
Net loss attributable to Calavo Growers, Inc.				8,841			8,841
Ending balance at Apr. 30, 2021	$ 18	166,709		103,630	1,385		271,742
Ending balance, shares at Apr. 30, 2021	17,684
Stock compensation expense		554					554
Payments of minimum withholding taxes on net share settlement of equity awards		(48)					(48)
Payments of minimum withholding taxes on net share settlement of equity awards, shares	(1)
Avocados de Jalisco noncontrolling interest contribution					66		66
Net loss attributable to Calavo Growers, Inc.				(12,981)			(12,981)
Ending balance at Jul. 31, 2021	$ 18	$ 167,215		$ 90,649	$ 1,451		$ 259,333
Ending balance, shares at Jul. 31, 2021	17,683

Description of the business

Description of the business	9 Months Ended
	Jul. 31, 2021
Description of the business
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 a 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 from California, Mexico and other growing regions around the world. Through our various operating facilities, we (i) sort, pack, and/or ripen avocados, tomatoes and/or Hawaiian grown papayas, (ii) create, process and package a portfolio of healthy fresh foods including fresh-cut fruit and vegetables, and prepared foods and (iii) process and package guacamole and salsa. We distribute our products both domestically and internationally and report our operations in three different business segments: Fresh products, Renaissance Food Group (RFG) and Calavo Foods. ​ 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 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 ​ Recently Adopted Accounting Standards ​ In October 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Updated (ASU) 2018-17, Targeted Improvements to Related Party Guidance for Variable Interest Entities ​ On November 1, 2020, the Company adopted an ASU , Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. ​ 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 to 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 was effective for us beginning the first day of our 2021 fiscal year. The adoption of this ASU did not have an impact on the Company’s consolidated financial statements. ​ On November 1, 2020, the Company adopted ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326)

Information regarding our opera

Information regarding our operations in different segments	9 Months Ended
	Jul. 31, 2021
Information regarding our operations in different segments
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) RFG, and (3) Calavo Foods. These 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 operations that involve the distribution of avocados and other fresh produce products. The RFG segment represents operations related to the manufacturing and distribution of fresh-cut fruit, fresh-cut vegetables, and prepared foods. The Calavo Foods segment represents operations related to the purchase, manufacturing, and distribution of prepared avocado products, including guacamole, and salsa. Selling, general and administrative expenses, as well as other non-operating income/expense items, are evaluated by our Chief Executive Officer in the aggregate. We do not allocate assets, or specifically identify them, to our operating segments. The Sales Data in the following tables is presented in thousands: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended July 31, 2021 ​ Three months ended July 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fresh ​ Calavo ​ ​ Fresh ​ Calavo ​ ​ ​ ​ ​ products ​ RFG ​ Foods ​ Total ​ products ​ RFG ​ Foods ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Avocados ​ $ 148,757 ​ $ — ​ $ — ​ $ 148,757 ​ $ 145,670 ​ $ — ​ $ — ​ $ 145,670 ​ Tomatoes ​ 11,344 ​ — ​ — ​ 11,344 ​ 13,827 ​ — ​ — ​ 13,827 ​ Papayas ​ 2,683 ​ — ​ — ​ 2,683 ​ 2,695 ​ — ​ — ​ 2,695 ​ Other fresh income ​ 95 ​ — ​ — ​ 95 ​ 88 ​ — ​ — ​ 88 ​ Prepared avocado products ​ — ​ — ​ 22,095 ​ 22,095 ​ — ​ — ​ 19,764 ​ 19,764 ​ Salsa ​ — ​ — ​ 746 ​ 746 ​ — ​ — ​ 816 ​ 816 ​ Fresh-cut fruit & veg. and prepared foods ​ ​ — ​ ​ 107,846 ​ ​ — ​ ​ 107,846 ​ ​ — ​ ​ 91,200 ​ ​ — ​ ​ 91,200 ​ Total gross sales ​ 162,879 ​ 107,846 ​ 22,841 ​ 293,566 ​ 162,280 ​ 91,200 ​ 20,580 ​ 274,060 ​ Less sales incentives ​ (1,299) ​ (4,060) ​ (1,528) ​ (6,887) ​ (141) ​ (277) ​ (1,613) ​ (2,031) ​ Less inter-company eliminations ​ ​ (672) ​ ​ — ​ ​ (999) ​ ​ (1,671) ​ ​ (399) ​ ​ — ​ ​ (1,205) ​ ​ (1,604) ​ Net sales ​ $ 160,908 ​ $ 103,786 ​ $ 20,314 ​ $ 285,008 ​ $ 161,740 ​ $ 90,923 ​ $ 17,762 ​ $ 270,425 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended July 31, 2021 ​ Nine months ended July 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fresh ​ Calavo ​ ​ Fresh ​ Calavo ​ ​ ​ ​ ​ products ​ RFG ​ Foods ​ Total ​ products ​ RFG ​ Foods ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Avocados ​ $ 398,887 ​ $ — ​ $ — ​ $ 398,887 ​ $ 413,335 ​ $ — ​ $ — ​ $ 413,335 ​ Tomatoes ​ 33,963 ​ — ​ — ​ 33,963 ​ 46,151 ​ — ​ — ​ 46,151 ​ Papayas ​ 8,081 ​ — ​ — ​ 8,081 ​ 7,677 ​ — ​ — ​ 7,677 ​ Other fresh income ​ 548 ​ — ​ — ​ 548 ​ 328 ​ — ​ — ​ 328 ​ Prepared avocado products ​ — ​ — ​ 59,848 ​ 59,848 ​ — ​ — ​ 60,683 ​ 60,683 ​ Salsa ​ — ​ — ​ 2,154 ​ 2,154 ​ — ​ — ​ 2,143 ​ 2,143 ​ Fresh-cut fruit & veg. and prepared foods ​ ​ — ​ ​ 296,107 ​ ​ — ​ ​ 296,107 ​ ​ — ​ ​ 306,853 ​ ​ — ​ ​ 306,853 ​ Total gross sales ​ 441,479 ​ 296,107 ​ 62,002 ​ 799,588 ​ 467,491 ​ 306,853 ​ 62,826 ​ 837,170 ​ Less sales incentives ​ (2,754) ​ (5,727) ​ (3,494) ​ (11,975) ​ (1,294) ​ (1,467) ​ (5,522) ​ (8,283) ​ Less inter-company eliminations ​ ​ (1,915) ​ ​ — ​ ​ (3,291) ​ ​ (5,206) ​ ​ (1,098) ​ ​ — ​ ​ (2,848) ​ ​ (3,946) ​ Net sales ​ $ 436,810 ​ $ 290,380 ​ $ 55,217 ​ $ 782,407 ​ $ 465,099 ​ $ 305,386 ​ $ 54,456 ​ $ 824,941 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fresh ​ Calavo Interco. ​ ​ ​ ​ ​ products ​ RFG ​ Foods ​ Elimins. ​ Total ​ ​ ​ (All amounts are presented in thousands) ​ Three months ended July 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ 161,580 ​ $ 103,786 ​ $ 21,313 ​ $ (1,671) ​ $ 285,008 ​ Cost of sales ​ ​ 149,378 ​ ​ 109,375 ​ ​ 20,059 ​ ​ (1,671) ​ ​ 277,141 ​ Gross profit ​ $ 12,202 ​ $ (5,589) ​ $ 1,254 ​ $ — ​ $ 7,867 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended July 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ 162,139 ​ $ 90,923 ​ $ 18,967 ​ $ (1,604) ​ $ 270,425 ​ Cost of sales ​ ​ 144,405 ​ ​ 82,868 ​ ​ 13,921 ​ ​ (1,604) ​ ​ 239,590 ​ Gross profit ​ $ 17,734 ​ $ 8,055 ​ $ 5,046 ​ $ — ​ $ 30,835 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended July 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ 438,725 ​ $ 290,380 ​ $ 58,508 ​ $ (5,206) ​ $ 782,407 ​ Cost of sales ​ ​ 398,370 ​ ​ 293,704 ​ ​ 47,233 ​ ​ (5,206) ​ 734,101 ​ Gross profit ​ $ 40,355 ​ $ (3,324) ​ $ 11,275 ​ $ — ​ $ 48,306 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended July 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ 466,197 ​ $ 305,386 ​ $ 57,304 ​ $ (3,946) ​ $ 824,941 ​ Cost of sales ​ ​ 427,476 ​ ​ 291,720 ​ ​ 40,973 ​ ​ (3,946) ​ ​ 756,223 ​ Gross profit ​ $ 38,721 ​ $ 13,666 ​ $ 16,331 ​ $ — ​ $ 68,718 ​ ​ For the three months ended July 31, 2021 and 2020, intercompany sales and cost of sales of $0.8 million and $0.4 million between Fresh products and RFG were eliminated. For the nine months ended July 31, 2021 and 2020, intercompany sales and cost of sales of $1.9 million and $1.1 million between Fresh products and RFG were eliminated. For the three months ended July 31, 2021 and 2020, intercompany sales and cost of sales of $1.0 million and $1.2 million between Calavo Foods and RFG were eliminated. For the nine months ended July 31, 2021 and 2020, intercompany sales and cost of sales of $3.3 million and $2.8 million between Calavo Foods and RFG were eliminated. ​ Sales to customers outside the U.S. were approximately $8.8 million, and $6.5 million for the three months ended July 31, 2021 and 2020. Sales to customers outside the U.S. were approximately $25.7 million, and $21.9 million for the nine months ended July 31, 2021 and 2020. ​ Our foreign operations in Mexico are subject to exchange rate fluctuations and foreign currency transaction costs. The functional currency of our foreign subsidiaries in Mexico is the United States dollar (U.S. dollar). As a result, monetary assets and liabilities are translated into U.S. dollars at exchange rates as of the balance sheet date and non-monetary assets, liabilities and equity are translated at historical rates. Sales and expenses are translated using a weighted-average exchange rate for the period. Gains and losses resulting from those remeasurements and foreign currency transactions are recognized within cost of sales. We recognized foreign currency remeasurement losses in the current quarter. These losses were due primarily to certain long-term net peso receivables. Foreign currency remeasurement gains, net of losses, for the three months ended July 31, 2021 and 2020 was $0.6 million and $1.4 million. Foreign currency remeasurement gains, net of losses, for the nine months ended July 31, 2021 was $1.2 million. Foreign currency remeasurement losses, net of gains, for the nine months ended July 31, 2020 was $1.9 million. ​ Long-lived assets attributed to geographic areas as of July 31, 2021 and October 31, 2020, are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States Mexico Consolidated July 31, 2021 ​ $ 89,218 ​ $ 39,862 ​ $ 129,080 October 31, 2020 ​ $ 95,110 ​ $ 35,160 ​ $ 130,270 ​

Inventories

Inventories	9 Months Ended
	Jul. 31, 2021
Inventories
Inventories	3. Inventories ​ Inventories consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 31, ​ October 31, ​ ​ ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ Fresh fruit $ 20,659 $ 14,677 ​ Packing supplies and ingredients ​ 15,842 ​ 12,540 ​ Finished prepared foods ​ 10,942 ​ 14,570 ​ ​ ​ $ 47,443 ​ $ 41,787 ​ ​ 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. Inventory includes reserves of $0.2 million and $0.2 million in slow moving and obsolete packing supply inventory as of July 31, 2021 and October 31, 2020. No additional inventory reserve was considered necessary as of July 31, 2021 and October 31, 2020.

Related party transactions

Related party transactions	9 Months Ended
	Jul. 31, 2021
Related party transactions
Related party transactions	4. Related party transactions ​ Certain members of our Board of Directors market California avocados through Calavo pursuant to marketing agreements substantially similar to the marketing agreements that we enter into with other growers. For the three months ended July 31, 2021 and 2020, the aggregate amount of avocados procured from entities owned or controlled by members of our Board of Directors was $10.4 million and $9.1 million. For the nine months ended July 31, 2021 and 2020, the aggregate amount of avocados procured from entities owned or controlled by members of our Board of Directors was $15.4 million and $15.3 million. Amounts payable to these Board members were $4.5 million as of July 31, 2021. We did not have any amounts payable to these Board members as of October 31, 2020. ​ During the three months ended July 31, 2021 and 2020, we received $0.1 million and $0.2 million as dividend income from Limoneira Company (Limoneira). During the nine months ended July 31, 2021 and 2020, we received $0.3 million and $0.4 million as dividend income from Limoneira. In addition, we lease office space from Limoneira for our corporate office. We paid rent expense to Limoneira totaling $0.1 million for the three months ended July 31, 2021 and 2020. We paid rent expense to Limoneira totaling $0.3 million for the nine months ended July 31, 2021 and 2020. Harold Edwards, who is a member of our Board of Directors, is the Chief Executive Officer of Limoneira Company. As of July 31, 2021, we own approximately 9% of Limoneira’s outstanding shares. ​ Calavo and Agricola Belher (“Belher”) have an equal one -half ownership interest in Agricola Don Memo, S.A. de C.V. (“Don Memo”). Pursuant to a management service agreement, Belher, through its officers and employees, has day-to-day power and authority to manage the operations. ​ As of July 31, 2021, and October 31, 2020, we had an investment of $4.3 million and $6.0 million, representing Calavo’s 50% ownership in Don Memo, which was 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, 2021 and October 31, 2020, we had outstanding advances of $4.2 million and $2.4 million to Don Memo. In October 2020, we entered into an infrastructure loan agreement with Don Memo for up to $2.4 million secured by certain property and equipment of Don Memo. This infrastructure loan accrues interest at . In October 2020, we funded million. This infrastructure loan agreement will mature in fiscal 2024. Of these infrastructure advances $0.4 million was recorded as a receivable in prepaid and other current assets as of July 31, 2021. The remaining $1.6 million of these infrastructure advances were recorded in other assets. During the three months ended July 31, 2021 and 2020, we incurred $5.7 million and $10.6 million of cost of sales to Don Memo pursuant to our purchase consignment agreement. During the nine months ended July 31, 2021 and 2020, we incurred $9.6 million and $15.2 million of cost of sales to Don Memo pursuant to our purchase consignment agreement. ​ We make advances to Belher 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 Belher, net of our commission and aforementioned advances. We had grower advances due from Belher totaling $3.5 million and $4.5 million as of July 31, 2021 and October 31, 2020, which are netted against the grower payable. In addition, we had infrastructure advances due from Belher of $1.8 million as of July 31, 2021 and October 31, 2020. Of these infrastructure advances $1.8 million and $0.9 million was recorded as a receivable in prepaid and other current assets as of July 31, 2021 and October 31, 2020. The remaining $0.9 million of these infrastructure advances were recorded in other assets as of October 31, 2020. In July 2021, we made a bridge loan of $3.5 million to Belher which is due in December 2021, and which is secured by certain farmland in Mexico. The loan accrues interest at 10 percent. This bridge loan has been recorded in prepaid expenses and other current assets. During the three months ended July 31, 2021 and 2020, we incurred $1.8 million and $4.0 million of cost of sales to Belher pursuant to our purchase consignment agreement. During the nine months ended July 31, 2021 and 2020, we incurred $16.3 million and $23.6 million of cost of sales to Belher pursuant to our purchase consignment agreement. ​ In August 2015, we entered into a Shareholder’s Agreement with various Mexican 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. As of July 31, 2021, this entity was approximately 83 % owned by Calavo and was consolidated in our financial statements. Avocados de Jalisco built a packinghouse located in Jalisco, Mexico, which began operations in June of 2017. During the three months ended July 31, 2021 and 2020, we purchased approximately $2.2 million and $3.5 million of avocados from the partners of Avocados de Jalisco. During the nine months ended July 31, 2021 and 2020, we purchased approximately $5.4 million and $5.4 million of avocados from the partners of Avocados de Jalisco. ​ FreshRealm is a start-up company, engaged in activities relating to the marketing of food products directly to consumers or other entities. On February 3, 2021, Calavo and FreshRealm entered into a Limited Liability Company Member Separation and Release Agreement (the Separation Agreement). Prior to the Separation Agreement, we had an equity investment in FreshRealm representing approximately 37% ownership of FreshRealm. We recorded an impairment of 100% of this equity investment, or $2.8 million, in the third quarter of fiscal 2020. We had a note receivable and trade receivables of approximately $34.5 million at October 31, 2020 (which includes accrued interest) from FreshRealm. We recorded a reserve of ​ Pursuant to the Separation Agreement among other terms: (i) Calavo terminated its limited liability company interest and equity ownership in FreshRealm; (ii) Calavo and FreshRealm simultaneously entered into an Amended and Restated Senior Secured Loan Agreement and Promissory Note (the “Amended Note”), which amended and restated the Prior Note; (iii) FreshRealm issued an additional Secured Promissory Note to Calavo in the amount of approximately $5 million that is subordinated to the Amended Note (the “Second Note”, together with the Amended Note, the “Notes”); (iv) in the event FreshRealm pays Calavo the sum of $6 million (the “Loan Payoff Amount”) by March 31, 2022 (the “Loan Payoff Period”), the Notes shall be deemed paid in full; (v) the parties agreed to a mutual release of any claims; and (vi) the parties agreed to indemnify each other from any subsequent third party claims. ​ In July 2021, FreshRealm paid Calavo the Loan Payoff Amount of million, and we recorded the receipt as a recovery of the reserve for collectability of the FreshRealm note receivable on the statement of operations. Therefore, the Notes mentioned above have been deemed paid in full. See Note 12 for more information. ​

Other Assets

Other Assets	9 Months Ended
	Jul. 31, 2021
Other Assets
Other Assets	5. Other assets ​ Other assets consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 31, October 31, ​ ​ ​ 2021 ​ 2020 ​ Mexican IVA (i.e. value-added) taxes receivable (see note 11) ​ $ 36,978 ​ $ 30,126 ​ Infrastructure advances to Agricola Belher and Agricola Don Memo ​ 1,641 ​ 1,215 ​ Other ​ 1,387 ​ 1,217 ​ ​ ​ $ 40,006 ​ $ 32,558 ​ ​ Intangible assets consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 31, 2021 ​ October 31, 2020 ​ ​ Weighted- Gross ​ ​ ​ Net Gross ​ ​ Net ​ ​ ​ Average ​ Carrying ​ Accum. ​ Book ​ Carrying ​ Accum. ​ Book ​ ​ ​ Useful Life ​ Value ​ Amortization ​ Value ​ Value ​ Amortization ​ Value ​ Customer list/relationships 7 years ​ $ 17,340 ​ $ (9,661) ​ $ 7,679 ​ $ 17,340 ​ $ (8,613) ​ $ 8,727 ​ Trade names 11 years ​ 4,060 ​ (2,943) ​ 1,117 ​ 4,060 ​ (2,852) ​ 1,208 ​ Trade secrets/recipes 9 years ​ 630 ​ (564) ​ 66 ​ 630 ​ (517) ​ 113 ​ Brand name intangibles indefinite ​ 275 ​ — ​ 275 ​ 275 ​ — ​ 275 ​ Intangibles, net ​ ​ ​ $ 22,305 ​ $ (13,168) ​ $ 9,137 ​ $ 22,305 ​ $ (11,982) ​ $ 10,323 ​ ​ We anticipate recording amortization expense of $0.4 million for the remainder of fiscal 2021, $1.6 million for fiscal year 2022, $1.5 million for fiscal year 2023, $1.5 million for fiscal year 2024, and $3.9 million thereafter.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Jul. 31, 2021
Stock-Based Compensation
Stock-Based Compensation	6. Stock-Based Compensation ​ In April 2011, our shareholders approved the Calavo Growers, Inc. 2011 Management Incentive Plan (the “2011 Plan”). All directors, officers, employees and consultants (including prospective directors, officers, employees and consultants) of Calavo and its subsidiaries are eligible to receive awards under the 2011 Plan. Shares were issuable under the 2011 Plan through December 2020. On April 21, 2021, the shareholders of Calavo approved the Calavo Growers, Inc. 2020 equity incentive plan. This is a ten-year plan, with up to 1,500,000 shares issuable through December 2031. ​ In April 2021, the Board of Directors approved the vesting of all of the remaining restricted shares outstanding to our former Chief Executive Officer and Board member. With this vesting, we recognized stock-based compensation of $0.7 million for the nine months ended July 31, 2021. ​ On November 2, 2020, 11 of our non-employee directors were each granted 1,500 restricted shares, as part of their annual compensation (total of 16,500 shares). These shares have full voting rights and participate in dividends as if unrestricted. The closing price of our stock on such date was $67.97 . On January 2, 2022, as long as the directors are still serving on the board, these shares will fully vest. 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, 2021. The total recognized stock-based compensation expense for these grants was $0.6 million for the nine months ended July 31, 2021. ​ On November 2, 2020, our executive officers were granted a total of 9,334 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 $67.97 . These shares vest over two years , on an annual basis, beginning November 2, 2021. These shares were granted pursuant to our 2011 Plan. The total recognized stock-based compensation expense for these grants was $0.1 million for the three months ended July 31, 2021. The total recognized stock-based compensation expense for these grants was $0.2 million for the nine months ended July 31, 2021. ​ On November 2, 2020, certain key employees were granted a total of 2,600 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 $67.97 . These shares vest over three years , on an annual basis, beginning November 2, 2021. These shares were granted pursuant to our 2011 Plan. The total recognized stock-based compensation expense for these grants were insignificant for the three months and for the nine months ended July 31, 2021. ​ In June 2021, our former chief financial officer, resigned from Calavo and 5,418 restricted shares were forfeited. ​ 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, 2020 76 ​ $ 80.45 ​ ​ ​ ​ Vested (50) ​ $ 78.14 ​ ​ ​ ​ Forfeited ​ (5) ​ $ 63.77 ​ ​ ​ ​ Granted 28 ​ $ 67.97 ​ ​ ​ ​ Outstanding at July 31, 2021 49 ​ $ 73.71 ​ $ 2,754 ​ ​ The total recognized stock-based compensation expense for restricted stock was $0.6 million and $0.9 million for the three months ended July 31, 2021 and 2020. The total recognized stock-based compensation expense for restricted stock was $2.8 million and $3.6 million for the nine months ended July 31, 2021 and 2020. Total unrecognized stock-based compensation expense totaled $3.1 million as of July 31, 2021 and will be amortized through fiscal year 2023. ​ Stock options are granted with exercise prices of not less than the fair market value at grant date, generally vest over one two after the vest 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 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, 2020 16 ​ $ 44.21 ​ ​ ​ ​ Exercised (2) ​ $ 23.48 ​ ​ ​ ​ Outstanding at July 31, 2021 14 ​ $ 47.17 ​ $ 128 ​ Exercisable at July 31, 2021 12 ​ $ 45.59 ​ $ 129 ​ ​ At July 31, 2021, outstanding and exercisable stock options had a weighted-average remaining contractual term of 2.8 years. The total recognized and unrecognized stock-based compensation expense was insignificant for the three and nine months ended July 31, 2021 and 2020.

Other events

Other events	9 Months Ended
	Jul. 31, 2021
Other events
Other events	7. Other events ​ Dividend payment ​ On December 4, 2020, we paid a $1.15 per share dividend in the aggregate amount of $20.3 million to shareholders of record on November 13, 2020. Litigation ​ From time to time, we are involved in 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 both domestically and 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. ​ 2011 Assessment ​ 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 (IVA). During the period from our fourth fiscal quarter of 2016 through our first fiscal quarter of 2019, we attempted to resolve our case through an alternative dispute resolution mechanism called "conclusive agreement" submitted before PRODECON (Mexican Tax Ombudsman) with the MFM through working meetings attended by representatives of the MFM, CDM and PRODECON (Local Tax Ombudsman). However, we were unable to materially resolve our case with the MFM through the PRODECON process. ​ As a result, in April 2019, the MFM issued a final tax assessment to CDM (the “2011 Assessment”) totaling approximately $2.2 billion Mexican pesos (approx. $109.0 million USD at July 31, 2021) related to Income Tax, Flat Rate Business Tax and Value Added Tax, corresponding to the fiscal year 2011 tax audit. We filed an Administrative Appeal challenging the MFM’s 2011 Assessment on June 12, 2019. The filing of an administrative appeal in Mexico is a process in which the taxpayer appeals to a different office within the Mexican tax authorities, forcing the legal office within the MFM to rule on the matter. This process preserves the taxpayer’s right to litigate in tax court if the Administrative Appeal process ends without a favorable or just resolution. ​ In February 2021, the legal division of the MFM issued a resolution in which the 2011 Assessment was revoked. As a result, the legal division ordered the MFM to issue a new tax assessment, taking into consideration arguments made by the Company in its filing of the administrative appeal. ​ On June 16, 2021, Calavo reached a settlement agreement with the MFM regarding the 2011 Assessment. Under the terms of the settlement, Calavo agreed to pay approximately $47.8 million Mexican pesos (approximately $2.4 million USD) as a full and final settlement of all taxes, fines and penalties asserted by the MFM. The settlement included $1.5 million USD of income taxes and $0.9 million USD of Value Added Taxes, with both amounts including penalties and interest and inflationary adjustments, which have been recorded in the accompanying financial statements as a discreet item in Income Tax Provision, and in Expenses related to Mexican tax matters, respectively. ​ 2013 Assessment ​ In January 2017, we received preliminary observations from Servicio de Administracion Tributaria in Mexico (the “SAT”) related to an audit for fiscal year 2013 outlining certain proposed adjustments primarily related to intercompany funding, deductions for services from certain vendors/suppliers and IVA. We provided a written rebuttal to these preliminary observations during our second fiscal quarter of 2017. During the period from our third fiscal quarter of 2017 through our third fiscal quarter of 2018, we attempted to resolve our case with the SAT through the conclusive agreement submitted before PRODECON, having several working meetings attended by representatives of the SAT, CDM and the PRODECON. However, we were unable to materially resolve our case with the SAT through the PRODECON process. ​ As a result, in July 2018, the SAT’s local office in Uruapan issued to CDM a final tax assessment (the “2013 Assessment”) totaling approximately $2.6 billion Mexican pesos (which includes annual adjustments for inflation, and equals approx. $128.8 million USD at July 31, 2021) related to Income Tax, Flat Rate Business Tax, and Value Added Tax, related to this fiscal 2013 tax audit. This amount has been adjusted for inflation as of July 31, 2021 to the amount of $3 billion Mexican pesos (approx. $150 million USD). Additionally, the tax authorities have determined that we owe our employee’s profit-sharing liability, totaling approximately $118 million Mexican pesos (approx. $5.8 million USD at July 31, 2021). ​ We have consulted with both an internationally recognized tax advisor as well as a global law firm with offices throughout Mexico, and we continue to believe that this tax assessment is without merit. In August 2018, we filed an Administrative Appeal on the 2013 Assessment, appealing our case to the SAT’s central legal department in Michoacan. Furthermore, in August 2018, we received a favorable ruling from the SAT’s central legal department in Michoacan on another tax matter (see footnote 11 regarding IVA refunds) indicating that they believe that our legal interpretation is accurate on a matter that is also central to the 2013 Assessment. We believe this recent ruling significantly undermines the 2013 Assessment. ​ On June 25, 2021, we became aware that the Administrative Appeal had been resolved by the SAT against CDM on March 12, 2021, and that we had allegedly failed to timely respond to and challenge the SAT’s notification of such resolution, therefore rendering the 2013 Assessment as definitive. Based on legal counsel from our tax advisory firm, we and our tax advisory firm have concluded that the March notification was not legally communicated. In addition, the SAT has placed liens on the fixed assets of CDM, with a net book value of approximately $26 million USD, and on bank accounts of CDM totaling approximately $1 million USD in order to guaranty the 2013 Assessment. For reasons explained below, we do not believe that these liens pose a risk to the ongoing business operations of CDM. ​ We strongly disagree with above actions taken and conclusions reached by the SAT, and have since taken the following measures in vigorous defense of our position: ​ ● Retained a global law firm with offices throughout Mexico to provide legal representation before the SAT, as well as retained the legal division of an internationally recognized tax advisor, to provide legal representation before the Federal Tax Court. ● On August 17, we filed a writ with the SAT requesting a substitution of a financial bond for the above-mentioned liens. ● On August 18, we filed an Administrative Reconsideration (the Reconsideration) before the Central Legal Department of the SAT located in Mexico City, asserting that the resolution in March of the Administrative Appeal was wrongly concluded, in particular with respect to the following matters: o Failure to recognize CDM as a “maquiladora” o Considering the Company to have a permanent establishment in Mexico, o Including fruit purchase deposits transferred by the Company to CDM as taxable, o Application of 16% IVA tax to fruit purchase deposits o Imposing double-taxation on the fruit purchase transactions ● On August 27, we filed a formal complaint, or queja , (the Complaint) before the PRODECON to request their assistance with having the SAT act upon the Reconsideration. It should be noted that although the SAT is not obligated to act upon the Reconsideration, we believe that the PRODECON Complaint makes it likely that the SAT will respond to the Administrative Reconsideration and be open to settlement discussions. ● On August 20, we filed an Annulment Suit (the Suit) with the Federal Tax Court, which among other things, strongly contends that the notifications made by the SAT to CDM and its designated advisors of the resolution of the Administrative Appeal in March were not legally communicated. In addition, the Suit asserts the same matters central to the Reconsideration, as described above, as wrongly concluded in the resolution of the Administrative Appeal. ​ We believe that the Suit will be accepted by the Tax Court, which will render the 2013 Assessment as non-definitive, and which will allow CDM to petition the Tax Court for a halt to any collection procedures by the SAT and a substitution of a bond for any liens placed on CDM assets. ​ While we continue to believe that the 2013 Assessment is completely without merit, and that we will prevail on the Suit in the Tax Court, we also believe it is in the best interest of CDM and the Company to settle the 2013 Assessment as quickly as possible. Furthermore, we believe that the above actions taken by CDM will encourage the SAT agree to reach a settlement. In accordance with our cumulative probability analysis, based on factors such as recent settlements made by the SAT in other cases, the 2011 Assessment settlement reached by CDM with the MFM, and the value of CDM assets, we have recorded a provision of ​

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jul. 31, 2021
Fair Value Measurements
Fair Value Measurements	8. Fair value measurements ​ A fair value measurement is determined based on the assumptions that a market participant would use in pricing an asset or liability. A three-tiered hierarchy draws distinctions between market participant assumptions based on (i) observable inputs such as quoted prices in active markets (Level 1), (ii) inputs other than quoted prices in active markets that are observable either directly or indirectly (Level 2) and (iii) unobservable inputs that require the Company to use present value and other valuation techniques in the determination of fair value (Level 3). ​ The following table sets forth our financial assets and liabilities as of July 31, 2021 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 nted in thousands) ​ Assets at Fair Value at July 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment in Limoneira Company (1) ​ $ 30,040 ​ - ​ - ​ $ 30,040 ​ Total assets at fair value ​ $ 30,040 ​ ​ - ​ ​ - ​ $ 30,040 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets at Fair Value at October 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment in Limoneira Company (1) ​ $ 23,197 ​ - ​ - ​ $ 23,197 ​ Total assets at fair value ​ $ 23,197 ​ ​ - ​ ​ - ​ $ 23,197 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) The investment in Limoneira Company consists of marketable securities in the Limoneira Company common stock. We currently own approximately of Limoneira’s outstanding common stock. These securities are measured at fair value using quoted market prices. For the three months ended July 31, 2021 and 2020, we recognized losses of million on the consolidated condensed statement of operations. For the nine months ended July 31, 2021 and 2020, we recognized gains of

Noncontrolling interest

Noncontrolling interest	9 Months Ended
	Jul. 31, 2021
Noncontrolling interest
Noncontrolling interest	9. Noncontrolling interest ​ The following table reconciles shareholders’ equity attributable to noncontrolling interest related to Avocados de Jalisco (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended July 31, Avocados de Jalisco noncontrolling interest 2021 2020 ​ ​ ​ ​ ​ ​ ​ ​ Noncontrolling interest, beginning ​ $ 1,385 ​ $ 1,496 ​ Net income attributable to noncontrolling interest of Avocados de Jalisco ​ 66 ​ 64 ​ Noncontrolling interest, ending ​ $ 1,451 ​ $ 1,560 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended July 31, ​ Avocados de Jalisco noncontrolling interest 2021 2020 ​ ​ ​ ​ ​ ​ ​ ​ Noncontrolling interest, beginning ​ $ 1,472 ​ $ 1,688 ​ Net loss attributable to noncontrolling interest of Avocados de Jalisco ​ (21) ​ (128) ​ Noncontrolling interest, ending ​ $ 1,451 ​ $ 1,560 ​ ​

Earnings per share

Earnings per share	9 Months Ended
	Jul. 31, 2021
Earnings per share
Earnings per share	10. Earnings 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, ​ 2021 2020 Numerator: ​ ​ ​ ​ ​ ​ Net loss attributable to Calavo Growers, Inc. ​ $ (12,981) ​ $ (15,636) Denominator: ​ ​ ​ ​ ​ ​ Weighted average shares – Basic ​ 17,630 ​ 17,586 Effect of dilutive securities – Restricted stock/options ​ — ​ — Weighted average shares – Diluted ​ 17,630 ​ 17,586 Net loss per share attributable to Calavo Growers, Inc: ​ ​ ​ ​ ​ ​ Basic ​ $ (0.74) ​ $ (0.89) Diluted ​ $ (0.74) ​ $ (0.89) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended July 31, ​ 2021 2020 Numerator: ​ ​ ​ ​ ​ ​ Net Income (loss) attributable to Calavo Growers, Inc. ​ $ 1,137 ​ $ (19,852) Denominator: ​ ​ ​ ​ ​ ​ Weighted average shares - Basic ​ 17,616 ​ 17,558 Effect on dilutive securities – Restricted stock/options ​ 53 ​ — Weighted average shares - Diluted ​ 17,669 ​ 17,558 Net income (loss) per share attributable to Calavo Growers, Inc: ​ ​ ​ ​ ​ ​ Basic ​ $ 0.06 ​ $ (1.13) Diluted ​ $ 0.06 ​ $ (1.13) ​

Mexican IVA taxes receivable

Mexican IVA taxes receivable	9 Months Ended
	Jul. 31, 2021
Mexican IVA taxes receivable
Mexican IVA taxes receivable	11. Mexican IVA taxes receivable ​ Included in 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 recoverable from the Mexican government. ​ As of July 31, 2021, and October 31, 2020, CDM IVA receivables totaled $37.0 million (733.8 million Mexican pesos) and $30.2 million (640.7 million Mexican pesos). Historically, CDM received IVA refund payments from the Mexican tax authorities on a timely basis. Beginning in fiscal 2014 and continuing into fiscal 2021, 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 primarily through regular administrative processes, but these amounts may ultimately need to be recovered through Administrative Appeals and/or legal means. ​ During the first quarter of fiscal 2017, the tax authorities informed us that their internal opinion, based on the information provided by the local SAT office, considers that CDM is not properly documented relative to its declared tax structure and therefore CDM cannot claim the refundable IVA balance. CDM has strong arguments and supporting documentation to sustain its declared tax structure for IVA and income tax purposes. CDM started an Administrative Appeal for the IVA related to the request of the months of July, August and September of 2015 (the “2015 Appeal”) in order to assert its argument that CDM is properly documented and to therefore change the SAT’s internal assessment. In August 2018, we received a favorable ruling from the SAT’s Legal Administration in Michoacan on the 2015 Appeal indicating that they believe CDM’s legal interpretation of its declared tax structure is indeed accurate. While favorable on this central matter of CDM’s declared tax structure, the ruling, however, still does not recognize the taxpayers right to a full refund for the IVA related to the months of July, August and September 2015. Therefore, in October 2018, CDM filed a substance-over-form Annulment Suit in the Federal Tax Court to recover its full refund for IVA over the subject period, which is currently pending resolution. ​ In spite of the favorable ruling from the SAT’s Legal Administration in Michoacan, as discussed above, the local SAT office continues to believe that CDM is not properly documented relative to its declared tax structure. As a result, they believe CDM cannot claim certain refundable IVA balances, specifically regarding our IVA refunds related to January through December of 2013, 2014, and 2015, and January and February of 2017. CDM has strong arguments and supporting documentation to sustain its declared tax structure for IVA and income tax purposes. With assistance from our internationally recognized tax advisory firm, as of July 31, 2021, CDM has filed (or has plans to file) Administrative Appeals for the IVA related to the preceding months. A response to these Administrative Appeals is currently pending resolution. ​ In light of the foregoing, the Company is currently considering its options for resolution of the VAT receivables. In the unlikely event of an unfavorable resolution of the Administrative Appeals, we plan to file Annulment Suits with the Mexican Federal Tax Court. If these suits result in an unfavorable ruling, there is an option to appeal to the Collegiate Circuit Court. The estimated time for the resolution of these suits could be 2 – 3 years. This estimated time could be impacted and delayed by the situation of the COVID-19 pandemic. ​ We believe that our operations in Mexico are properly documented. Furthermore, our internationally recognized tax advisors believe that there are legal grounds to prevail in the Federal Tax Court and that therefore, the Mexican tax authorities will ultimately authorize the refund of the corresponding IVA amounts.

FreshRealm Separation

FreshRealm Separation	9 Months Ended
	Jul. 31, 2021
FreshRealm Separation
FreshRealm Separation	12. FreshRealm Separation ​ On February 3, 2021, Calavo and FreshRealm entered into a Limited Liability Company Member Separation and Release Agreement (the “Separation Agreement”) described below. ​ Calavo was previously a limited liability company member in FreshRealm and was a party to that certain FreshRealm, LLC Seventh Amended and Restated Limited Liability Company Agreement, dated as of February 27, 2019, by and among FreshRealm and its members. Calavo and FreshRealm were also parties to that certain Sixth Amended and Restated Senior Promissory Note, effective August 10, 2018, as amended (the “Prior Note”), pursuant to which Calavo loaned to FreshRealm principal plus accrued interest in the total sum of $34.5 million. We recorded a reserve of $34.5 million on this balance in the third quarter of fiscal 2020. ​ Pursuant to the Separation Agreement, among other terms: (i) Calavo terminated its limited liability company interest and equity ownership in FreshRealm; (ii) Calavo and FreshRealm simultaneously entered into an Amended and Restated Senior Secured Loan Agreement and Promissory Note (the “Amended Note”), which amended and restated the Prior Note; (iii) FreshRealm issued an additional Secured Promissory Note to Calavo in the amount of approximately $5 million that is subordinated to the Amended Note (the “Second Note”, together with the Amended Note, the “Notes”); (iv) in the event FreshRealm paid Calavo the sum of $6 million (the “Loan Payoff Amount”) by March 31, 2022 (the “Loan Payoff Period”), the Notes shall be deemed paid in full; (v) the parties agreed to a mutual release of any claims; and (vi) the parties agreed to indemnify each other from any subsequent third party claims. ​ In July 2021, FreshRealm paid Calavo the Loan Payoff Amount of $6.0 million, and we recorded the receipt as a recovery of the reserve for collectability of the FreshRealm note receivable on the statement of operations. Therefore, the Notes mentioned above, have been deemed paid in full. If FreshRealm undergoes a sale of its business either through a merger or a majority sale of its assets or equity interests before February 3, 2022, FreshRealm must pay Calavo twenty percent ( ​ If FreshRealm (i) undergoes a “Success Event” in the future, including: a merger, a majority sale of FreshRealm’s assets or equity ownership interests, a private placement (greater than $35 million), or an initial public offering where FreshRealm as a company is valued at $100 million or more, FreshRealm must pay to the Company additional compensation in accordance with the following: ​ ● FreshRealm must pay Calavo a $10 million payment upon the closing of a Success Event if the valuation of FreshRealm at the time of the Success Event is equal to or greater than $100 million, but less than $230 million; ​ ● FreshRealm must pay Calavo a $20 million payment upon the closing of a Success Event if the valuation of FreshRealm at the time of the Success Event is equal to or greater than $230 million, but less than $380 million; or ​ ● FreshRealm must pay Calavo a $34 million payment upon the closing of a Success Event if the valuation of FreshRealm at the time of the Success Event is equal to or greater than $380 Million. ​ No Amounts have been recorded on the balance sheet as of July 31, 2021, with respect to a sale or success event. ​ ​

Credit Facility

Credit Facility	9 Months Ended
	Jul. 31, 2021
Credit Facility
Credit Facility	13. Credit Facility ​ On January 29, 2021, we entered into the Third Amendment to Credit Agreement (the “Third Amendment”) with Farm Credit West, PCA and Bank of America, N.A. relating to our Credit Agreement dated as of June 14, 2016, First Amendment to Credit Agreement dated as of August 29, 2016, and Second Amendment to Credit Agreement dated as of February 28, 2019 (collectively, the “Credit Facility”). This Third Amendment, among other things, provides for a five-year extension of the maturity date to January 29, 2026, a $20 million increase in the revolving commitment to $100 million (from $80 million) (for a total facility size of $150 million if the $50 million accordion is exercised, up from a total size of $130 million), and a 25 basis point increase in the interest rate. The new interest rate schedules are effective mid-June 2021. The weighted-average interest rate under the Credit Facility was 2.9% and 1.9% at July 31, 2021 and October 31, 2020. Under the Credit Facility, we had $36.0 million and $20.6 million outstanding as of July 31, 2021 and October 31, 2020. In accordance with the extended due date, the outstanding balance of the Credit Facility has been classified as long-term in the accompanying balance sheet as of July 31, 2021. The Credit Facility agreement contains customary affirmative and negative covenants for agreements of this type, including the following financial covenants applicable to the Company and its subsidiaries on a consolidated basis: (a) a quarterly consolidated leverage ratio of not more than 2.50 to 1.00 and (b) a quarterly consolidated fixed charge coverage ratio of not less than 1.15 to 1.00. We were in compliance with all financial covenants at July 31, 2021. ​

COVID-19 Pandemic Impact

COVID-19 Pandemic Impact	9 Months Ended
	Jul. 31, 2021
COVID-19 Pandemic Impact
COVID-19 Pandemic Impact	14. COVID-19 Pandemic Impact ​ On January 30, 2020, the World Health Organization (“WHO”) announced a global health emergency because of a new strain of coronavirus originating in Wuhan, China and the risks to the international community as the virus spreads globally beyond its point of origin. In March 2020, the WHO classified the COVID-19 outbreak as a pandemic, based on the rapid increase in exposure globally. ​ The COVID-19 pandemic has created challenging and unprecedented conditions for our business, and we are committed to taking action in support of a Company-wide response to the crisis. The COVID-19 pandemic has negatively impacted the global economy, disrupted global supply chains and created significant volatility and disruption of financial markets. We believe we are well-positioned for the future as we continue to navigate the crisis and prepare for an eventual return to a more normal operating environment. We have successfully implemented contingency plans in the U.S. and in Mexico to monitor the evolving needs of our businesses in those countries, as well as those related to our Peru partner in consignment avocado sales. ​ The effects of the pandemic have been more pronounced in the portions of our business servicing foodservice customers and to a lesser extent certain segments of our retail business, including behind-the-glass deli and grab-and-go convenience items. ​ In early 2021, health agencies approved vaccines for combating the COVID-19 virus. However, actual vaccination results are ultimately dependent on, among other factors, vaccine availability and their acceptance by individuals which are difficult to predict. In the third quarter of fiscal 2021, the delta variant of the SARS-COV-2 virus became the dominant strain in the U.S. and elsewhere and led to various pandemic restrictions being reinstated. Accordingly, the pace of the recovery from the COVID-19 pandemic is not presently known. We cannot reasonably estimate the duration or extent of the pandemic’s adverse impact on our business, operating results, and long-term liquidity position. ​ The recovery from the COVID-19 pandemic and the current economic climate is increasing labor costs, commodity costs and logistical costs. We are experiencing operational challenges that impact our production facilities and our logistics network; the impact of prices for petroleum-based products, packaging materials and commodity costs; and the availability of sufficient labor is increasing costs companywide.

Description of the business (Po

Description of the business (Policies)	9 Months Ended
	Jul. 31, 2021
Description of the business
Business	Business ​ Calavo Growers, Inc. (Calavo, the Company, we, us or our), is a global leader in the avocado industry and a 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 from California, Mexico and other growing regions around the world. Through our various operating facilities, we (i) sort, pack, and/or ripen avocados, tomatoes and/or Hawaiian grown papayas, (ii) create, process and package a portfolio of healthy fresh foods including fresh-cut fruit and vegetables, and prepared foods and (iii) process and package guacamole and salsa. We distribute our products both domestically and internationally and report our operations in three different business segments: Fresh products, Renaissance Food Group (RFG) and Calavo Foods. ​ 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 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 ​
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Standards ​ In October 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Updated (ASU) 2018-17, Targeted Improvements to Related Party Guidance for Variable Interest Entities ​ On November 1, 2020, the Company adopted an ASU , Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. ​ 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 to 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 was effective for us beginning the first day of our 2021 fiscal year. The adoption of this ASU did not have an impact on the Company’s consolidated financial statements. ​ On November 1, 2020, the Company adopted ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326)

Information regarding our ope_2

Information regarding our operations in different segments (Tables)	9 Months Ended
	Jul. 31, 2021
Information regarding our operations in different segments
Schedule of sales by product and segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended July 31, 2021 ​ Three months ended July 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fresh ​ Calavo ​ ​ Fresh ​ Calavo ​ ​ ​ ​ ​ products ​ RFG ​ Foods ​ Total ​ products ​ RFG ​ Foods ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Avocados ​ $ 148,757 ​ $ — ​ $ — ​ $ 148,757 ​ $ 145,670 ​ $ — ​ $ — ​ $ 145,670 ​ Tomatoes ​ 11,344 ​ — ​ — ​ 11,344 ​ 13,827 ​ — ​ — ​ 13,827 ​ Papayas ​ 2,683 ​ — ​ — ​ 2,683 ​ 2,695 ​ — ​ — ​ 2,695 ​ Other fresh income ​ 95 ​ — ​ — ​ 95 ​ 88 ​ — ​ — ​ 88 ​ Prepared avocado products ​ — ​ — ​ 22,095 ​ 22,095 ​ — ​ — ​ 19,764 ​ 19,764 ​ Salsa ​ — ​ — ​ 746 ​ 746 ​ — ​ — ​ 816 ​ 816 ​ Fresh-cut fruit & veg. and prepared foods ​ ​ — ​ ​ 107,846 ​ ​ — ​ ​ 107,846 ​ ​ — ​ ​ 91,200 ​ ​ — ​ ​ 91,200 ​ Total gross sales ​ 162,879 ​ 107,846 ​ 22,841 ​ 293,566 ​ 162,280 ​ 91,200 ​ 20,580 ​ 274,060 ​ Less sales incentives ​ (1,299) ​ (4,060) ​ (1,528) ​ (6,887) ​ (141) ​ (277) ​ (1,613) ​ (2,031) ​ Less inter-company eliminations ​ ​ (672) ​ ​ — ​ ​ (999) ​ ​ (1,671) ​ ​ (399) ​ ​ — ​ ​ (1,205) ​ ​ (1,604) ​ Net sales ​ $ 160,908 ​ $ 103,786 ​ $ 20,314 ​ $ 285,008 ​ $ 161,740 ​ $ 90,923 ​ $ 17,762 ​ $ 270,425 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended July 31, 2021 ​ Nine months ended July 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fresh ​ Calavo ​ ​ Fresh ​ Calavo ​ ​ ​ ​ ​ products ​ RFG ​ Foods ​ Total ​ products ​ RFG ​ Foods ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Avocados ​ $ 398,887 ​ $ — ​ $ — ​ $ 398,887 ​ $ 413,335 ​ $ — ​ $ — ​ $ 413,335 ​ Tomatoes ​ 33,963 ​ — ​ — ​ 33,963 ​ 46,151 ​ — ​ — ​ 46,151 ​ Papayas ​ 8,081 ​ — ​ — ​ 8,081 ​ 7,677 ​ — ​ — ​ 7,677 ​ Other fresh income ​ 548 ​ — ​ — ​ 548 ​ 328 ​ — ​ — ​ 328 ​ Prepared avocado products ​ — ​ — ​ 59,848 ​ 59,848 ​ — ​ — ​ 60,683 ​ 60,683 ​ Salsa ​ — ​ — ​ 2,154 ​ 2,154 ​ — ​ — ​ 2,143 ​ 2,143 ​ Fresh-cut fruit & veg. and prepared foods ​ ​ — ​ ​ 296,107 ​ ​ — ​ ​ 296,107 ​ ​ — ​ ​ 306,853 ​ ​ — ​ ​ 306,853 ​ Total gross sales ​ 441,479 ​ 296,107 ​ 62,002 ​ 799,588 ​ 467,491 ​ 306,853 ​ 62,826 ​ 837,170 ​ Less sales incentives ​ (2,754) ​ (5,727) ​ (3,494) ​ (11,975) ​ (1,294) ​ (1,467) ​ (5,522) ​ (8,283) ​ Less inter-company eliminations ​ ​ (1,915) ​ ​ — ​ ​ (3,291) ​ ​ (5,206) ​ ​ (1,098) ​ ​ — ​ ​ (2,848) ​ ​ (3,946) ​ Net sales ​ $ 436,810 ​ $ 290,380 ​ $ 55,217 ​ $ 782,407 ​ $ 465,099 ​ $ 305,386 ​ $ 54,456 ​ $ 824,941 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fresh ​ Calavo Interco. ​ ​ ​ ​ ​ products ​ RFG ​ Foods ​ Elimins. ​ Total ​ ​ ​ (All amounts are presented in thousands) ​ Three months ended July 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ 161,580 ​ $ 103,786 ​ $ 21,313 ​ $ (1,671) ​ $ 285,008 ​ Cost of sales ​ ​ 149,378 ​ ​ 109,375 ​ ​ 20,059 ​ ​ (1,671) ​ ​ 277,141 ​ Gross profit ​ $ 12,202 ​ $ (5,589) ​ $ 1,254 ​ $ — ​ $ 7,867 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended July 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ 162,139 ​ $ 90,923 ​ $ 18,967 ​ $ (1,604) ​ $ 270,425 ​ Cost of sales ​ ​ 144,405 ​ ​ 82,868 ​ ​ 13,921 ​ ​ (1,604) ​ ​ 239,590 ​ Gross profit ​ $ 17,734 ​ $ 8,055 ​ $ 5,046 ​ $ — ​ $ 30,835 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended July 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ 438,725 ​ $ 290,380 ​ $ 58,508 ​ $ (5,206) ​ $ 782,407 ​ Cost of sales ​ ​ 398,370 ​ ​ 293,704 ​ ​ 47,233 ​ ​ (5,206) ​ 734,101 ​ Gross profit ​ $ 40,355 ​ $ (3,324) ​ $ 11,275 ​ $ — ​ $ 48,306 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended July 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net sales ​ $ 466,197 ​ $ 305,386 ​ $ 57,304 ​ $ (3,946) ​ $ 824,941 ​ Cost of sales ​ ​ 427,476 ​ ​ 291,720 ​ ​ 40,973 ​ ​ (3,946) ​ ​ 756,223 ​ Gross profit ​ $ 38,721 ​ $ 13,666 ​ $ 16,331 ​ $ — ​ $ 68,718 ​
Schedule of segment gross margin	​
Schedule of long-lived assets by geographic areas	Long-lived assets attributed to geographic areas as of July 31, 2021 and October 31, 2020, are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ United States Mexico Consolidated July 31, 2021 ​ $ 89,218 ​ $ 39,862 ​ $ 129,080 October 31, 2020 ​ $ 95,110 ​ $ 35,160 ​ $ 130,270

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jul. 31, 2021
Inventories
Schedule of Inventories	Inventories consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 31, ​ October 31, ​ ​ ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ Fresh fruit $ 20,659 $ 14,677 ​ Packing supplies and ingredients ​ 15,842 ​ 12,540 ​ Finished prepared foods ​ 10,942 ​ 14,570 ​ ​ ​ $ 47,443 ​ $ 41,787 ​

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
	Jul. 31, 2021
Other Assets
Schedule of Other Assets	Other assets consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 31, October 31, ​ ​ ​ 2021 ​ 2020 ​ Mexican IVA (i.e. value-added) taxes receivable (see note 11) ​ $ 36,978 ​ $ 30,126 ​ Infrastructure advances to Agricola Belher and Agricola Don Memo ​ 1,641 ​ 1,215 ​ Other ​ 1,387 ​ 1,217 ​ ​ ​ $ 40,006 ​ $ 32,558 ​ ​
Schedule of Intangible Assets	Intangible assets consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 31, 2021 ​ October 31, 2020 ​ ​ Weighted- Gross ​ ​ ​ Net Gross ​ ​ Net ​ ​ ​ Average ​ Carrying ​ Accum. ​ Book ​ Carrying ​ Accum. ​ Book ​ ​ ​ Useful Life ​ Value ​ Amortization ​ Value ​ Value ​ Amortization ​ Value ​ Customer list/relationships 7 years ​ $ 17,340 ​ $ (9,661) ​ $ 7,679 ​ $ 17,340 ​ $ (8,613) ​ $ 8,727 ​ Trade names 11 years ​ 4,060 ​ (2,943) ​ 1,117 ​ 4,060 ​ (2,852) ​ 1,208 ​ Trade secrets/recipes 9 years ​ 630 ​ (564) ​ 66 ​ 630 ​ (517) ​ 113 ​ Brand name intangibles indefinite ​ 275 ​ — ​ 275 ​ 275 ​ — ​ 275 ​ Intangibles, net ​ ​ ​ $ 22,305 ​ $ (13,168) ​ $ 9,137 ​ $ 22,305 ​ $ (11,982) ​ $ 10,323 ​

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Jul. 31, 2021
Stock-Based Compensation
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, 2020 76 ​ $ 80.45 ​ ​ ​ ​ Vested (50) ​ $ 78.14 ​ ​ ​ ​ Forfeited ​ (5) ​ $ 63.77 ​ ​ ​ ​ Granted 28 ​ $ 67.97 ​ ​ ​ ​ Outstanding at July 31, 2021 49 ​ $ 73.71 ​ $ 2,754 ​
Stock Option Activity	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, 2020 16 ​ $ 44.21 ​ ​ ​ ​ Exercised (2) ​ $ 23.48 ​ ​ ​ ​ Outstanding at July 31, 2021 14 ​ $ 47.17 ​ $ 128 ​ Exercisable at July 31, 2021 12 ​ $ 45.59 ​ $ 129 ​

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jul. 31, 2021
Fair Value Measurements
Financial Assets Measured on a Recurring Basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Level 1 Level 2 Level 3 Total ​ ​ ​ (All amounts are pres nted in thousands) ​ Assets at Fair Value at July 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment in Limoneira Company (1) ​ $ 30,040 ​ - ​ - ​ $ 30,040 ​ Total assets at fair value ​ $ 30,040 ​ ​ - ​ ​ - ​ $ 30,040 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets at Fair Value at October 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment in Limoneira Company (1) ​ $ 23,197 ​ - ​ - ​ $ 23,197 ​ Total assets at fair value ​ $ 23,197 ​ ​ - ​ ​ - ​ $ 23,197 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) The investment in Limoneira Company consists of marketable securities in the Limoneira Company common stock. We currently own approximately of Limoneira’s outstanding common stock. These securities are measured at fair value using quoted market prices. For the three months ended July 31, 2021 and 2020, we recognized losses of million on the consolidated condensed statement of operations. For the nine months ended July 31, 2021 and 2020, we recognized gains of

Noncontrolling interest (Tables

Noncontrolling interest (Tables)	9 Months Ended
	Jul. 31, 2021
Noncontrolling interest
Reconciliation of shareholders' equity attributable to noncontrolling interest	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended July 31, Avocados de Jalisco noncontrolling interest 2021 2020 ​ ​ ​ ​ ​ ​ ​ ​ Noncontrolling interest, beginning ​ $ 1,385 ​ $ 1,496 ​ Net income attributable to noncontrolling interest of Avocados de Jalisco ​ 66 ​ 64 ​ Noncontrolling interest, ending ​ $ 1,451 ​ $ 1,560 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended July 31, ​ Avocados de Jalisco noncontrolling interest 2021 2020 ​ ​ ​ ​ ​ ​ ​ ​ Noncontrolling interest, beginning ​ $ 1,472 ​ $ 1,688 ​ Net loss attributable to noncontrolling interest of Avocados de Jalisco ​ (21) ​ (128) ​ Noncontrolling interest, ending ​ $ 1,451 ​ $ 1,560 ​

Earnings per share (Tables)

Earnings per share (Tables)	9 Months Ended
	Jul. 31, 2021
Earnings per share
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, ​ 2021 2020 Numerator: ​ ​ ​ ​ ​ ​ Net loss attributable to Calavo Growers, Inc. ​ $ (12,981) ​ $ (15,636) Denominator: ​ ​ ​ ​ ​ ​ Weighted average shares – Basic ​ 17,630 ​ 17,586 Effect of dilutive securities – Restricted stock/options ​ — ​ — Weighted average shares – Diluted ​ 17,630 ​ 17,586 Net loss per share attributable to Calavo Growers, Inc: ​ ​ ​ ​ ​ ​ Basic ​ $ (0.74) ​ $ (0.89) Diluted ​ $ (0.74) ​ $ (0.89) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine months ended July 31, ​ 2021 2020 Numerator: ​ ​ ​ ​ ​ ​ Net Income (loss) attributable to Calavo Growers, Inc. ​ $ 1,137 ​ $ (19,852) Denominator: ​ ​ ​ ​ ​ ​ Weighted average shares - Basic ​ 17,616 ​ 17,558 Effect on dilutive securities – Restricted stock/options ​ 53 ​ — Weighted average shares - Diluted ​ 17,669 ​ 17,558 Net income (loss) per share attributable to Calavo Growers, Inc: ​ ​ ​ ​ ​ ​ Basic ​ $ 0.06 ​ $ (1.13) Diluted ​ $ 0.06 ​ $ (1.13)

Description of the business (De

Description of the business (Details) $ in Millions	9 Months Ended
	Jul. 31, 2021USD ($)segment
Number of reportable segments | segment	3
Maximum
Capitalized software implementation costs | $	$ 0.1

Information regarding our ope_3

Information regarding our operations in different segments - Product (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2021USD ($)	Jul. 31, 2020USD ($)	Jul. 31, 2021USD ($)segment	Jul. 31, 2020USD ($)
Segment reporting information
Number of reportable segments | segment			3
Net sales	$ 285,008	$ 270,425	$ 782,407	$ 824,941
Fresh products
Segment reporting information
Net sales	160,908	161,740	436,810	465,099
RFG
Segment reporting information
Net sales	103,786	90,923	290,380	305,386
Calavo Foods
Segment reporting information
Net sales	20,314	17,762	55,217	54,456
Operating segments
Segment reporting information
Total gross sales	293,566	274,060	799,588	837,170
Less sales incentives	(6,887)	(2,031)	(11,975)	(8,283)
Operating segments | Avocados [Member]
Segment reporting information
Total gross sales	148,757	145,670	398,887	413,335
Operating segments | Tomatoes [Member]
Segment reporting information
Total gross sales	11,344	13,827	33,963	46,151
Operating segments | Papayas [Member]
Segment reporting information
Total gross sales	2,683	2,695	8,081	7,677
Operating segments | Other fresh products [Member]
Segment reporting information
Total gross sales	95	88	548	328
Operating segments | Prepared avocado products [Member]
Segment reporting information
Total gross sales	22,095	19,764	59,848	60,683
Operating segments | Salsa [Member]
Segment reporting information
Total gross sales	746	816	2,154	2,143
Operating segments | Fresh-cut fruit & veg. and prepared foods [Member]
Segment reporting information
Total gross sales	107,846	91,200	296,107	306,853
Operating segments | Fresh products
Segment reporting information
Total gross sales	162,879	162,280	441,479	467,491
Less sales incentives	(1,299)	(141)	(2,754)	(1,294)
Operating segments | Fresh products | Avocados [Member]
Segment reporting information
Total gross sales	148,757	145,670	398,887	413,335
Operating segments | Fresh products | Tomatoes [Member]
Segment reporting information
Total gross sales	11,344	13,827	33,963	46,151
Operating segments | Fresh products | Papayas [Member]
Segment reporting information
Total gross sales	2,683	2,695	8,081	7,677
Operating segments | Fresh products | Other fresh products [Member]
Segment reporting information
Total gross sales	95	88	548	328
Operating segments | RFG
Segment reporting information
Total gross sales	107,846	91,200	296,107	306,853
Less sales incentives	(4,060)	(277)	(5,727)	(1,467)
Operating segments | RFG | Fresh-cut fruit & veg. and prepared foods [Member]
Segment reporting information
Total gross sales	107,846	91,200	296,107	306,853
Operating segments | Calavo Foods
Segment reporting information
Total gross sales	22,841	20,580	62,002	62,826
Less sales incentives	(1,528)	(1,613)	(3,494)	(5,522)
Operating segments | Calavo Foods | Prepared avocado products [Member]
Segment reporting information
Total gross sales	22,095	19,764	59,848	60,683
Operating segments | Calavo Foods | Salsa [Member]
Segment reporting information
Total gross sales	746	816	2,154	2,143
Intercompany Eliminations
Segment reporting information
Net sales	(1,671)	(1,604)	(5,206)	(3,946)
Intercompany Eliminations | Fresh products
Segment reporting information
Net sales	(672)	(399)	(1,915)	(1,098)
Intercompany Eliminations | Calavo Foods
Segment reporting information
Net sales	$ (999)	$ (1,205)	$ (3,291)	$ (2,848)

Information regarding our ope_4

Information regarding our operations in different segments - Gross Profit (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Segment reporting information
Net sales	$ 285,008	$ 270,425	$ 782,407	$ 824,941
Cost of sales	277,141	239,590	734,101	756,223
Gross profit	7,867	30,835	48,306	68,718
Elimination between Fresh products and RFG
Segment reporting information
Sales and Cost of Sales Eliminated	800	400	1,900	1,100
Elimination between Calavo Foods and RFG
Segment reporting information
Sales and Cost of Sales Eliminated	1,000	1,200	3,300	2,800
Operating segments | Fresh products
Segment reporting information
Net sales	161,580	162,139	438,725	466,197
Cost of sales	149,378	144,405	398,370	427,476
Gross profit	12,202	17,734	40,355	38,721
Operating segments | RFG
Segment reporting information
Net sales	103,786	90,923	290,380	305,386
Cost of sales	109,375	82,868	293,704	291,720
Gross profit	(5,589)	8,055	(3,324)	13,666
Operating segments | Calavo Foods
Segment reporting information
Net sales	21,313	18,967	58,508	57,304
Cost of sales	20,059	13,921	47,233	40,973
Gross profit	1,254	5,046	11,275	16,331
Intercompany Eliminations
Segment reporting information
Net sales	(1,671)	(1,604)	(5,206)	(3,946)
Cost of sales	$ (1,671)	$ (1,604)	$ (5,206)	$ (3,946)

Information regarding our ope_5

Information regarding our operations in different segments - Geographic (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Oct. 31, 2020
Segment reporting information
Net sales	$ 285,008	$ 270,425	$ 782,407	$ 824,941
Long-lived assets	129,080		129,080		$ 130,270
Foreign currency gains (losses)	600	1,400	1,200	(1,900)
Outside United States [Member]
Segment reporting information
Net sales	8,800	$ 6,500	25,700	$ 21,900
United States [Member]
Segment reporting information
Long-lived assets	89,218		89,218		95,110
Mexico [Member]
Segment reporting information
Long-lived assets	$ 39,862		$ 39,862		$ 35,160

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Oct. 31, 2020
Inventories
Fresh fruit	$ 20,659	$ 14,677
Packing supplies and ingredients	15,842	12,540
Finished prepared foods	10,942	14,570
Total inventories	47,443	41,787
Inventory valuation reserves	200	200
Adjustment for inventory net realizable value	$ 0	$ 0

Related party transactions (Det

Related party transactions (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended				9 Months Ended
	Jul. 31, 2021	Oct. 31, 2020	Jul. 31, 2021	Apr. 30, 2021	Jan. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Related Party Transaction [Line Items]
Investments in unconsolidated entities	$ 4,309	$ 6,065	$ 4,309				$ 4,309
Advances to suppliers	8,703	5,061	8,703				8,703
Infrastructure loan noncurrent	1,641	$ 1,215	1,641				1,641
Proceeds received for repayment of related party loan							6,000
Bridge loan							3,500
Don Memo
Related Party Transaction [Line Items]
Infrastructure advance, current	400		400				400
Infrastructure loan noncurrent	$ 1,600		1,600				$ 1,600
Agricola Belher
Related Party Transaction [Line Items]
Purchases from related parties			$ 1,800
Agricola Belher | Don Memo
Related Party Transaction [Line Items]
Ownership interest (as a percent)	50.00%		50.00%				50.00%
Avocados de Jalisco
Related Party Transaction [Line Items]
Purchases from related parties			$ 2,200			$ 3,500	$ 5,400	$ 5,400
Loan receivable fixed interest rate (as a percent)	10.00%		10.00%				10.00%
Avocados de Jalisco | Avocados de Jalisco
Related Party Transaction [Line Items]
Subsidiary ownership (as a percent)	83.00%		83.00%				83.00%
Limoneira
Related Party Transaction [Line Items]
Dividend income from Limoneira			$ 100			200	$ 300	400
Rent paid			$ 100			100	$ 300	300
Non-equity method investment ownership (as a percent)	9.00%		9.00%				9.00%
Don Memo
Related Party Transaction [Line Items]
Purchases from related parties			$ 5,700			10,600	$ 9,600	15,200
Ownership interest (as a percent)	50.00%	50.00%	50.00%				50.00%
Investments in unconsolidated entities	$ 4,300	$ 6,000	$ 4,300				$ 4,300
Advances to suppliers	4,200	$ 2,400	4,200				4,200
Loan receivable fixed interest rate (as a percent)		7.25%
Amount loaned		$ 700		$ 600	$ 700
Loan to related parties	2,000		2,000				2,000
Don Memo | Maximum
Related Party Transaction [Line Items]
Commitment amount		2,400
Director
Related Party Transaction [Line Items]
Purchases from related parties			10,400			9,100	15,400	15,300
Accounts payable to related parties	4,500	0	4,500				4,500
Agricola Belher
Related Party Transaction [Line Items]
Purchases from related parties						$ 4,000	16,300	$ 23,600
Advances to suppliers	3,500	4,500	3,500				3,500
Infrastructure advance	1,800	1,800	1,800				1,800
Infrastructure advance, current	1,800	900	$ 1,800				$ 1,800
Infrastructure loan noncurrent		$ 900
Bridge loan	$ 3,500

Related party transactions - Fr

Related party transactions - FreshRealm (Details) - USD ($) $ in Thousands	Feb. 03, 2021	Feb. 02, 2021	Jul. 31, 2021	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Oct. 31, 2020
Related party
Loss on reserve						$ (6,130)	$ 37,192
Proceeds received for repayment of related party loan						$ 6,000
FreshRealm
Related party
VIE ownership (as a percent)		37.00%
Impairment of investment in FreshRealm					$ 2,800
Impairment of investment FreshRealm percentage					100.00%
Notes receivable from FreshRealm	$ 34,500							$ 34,500
Loss on reserve				$ 34,500	$ 34,500
FreshRealm | Promissory Notes
Related party
Notes receivable from FreshRealm	5,000
Loan payoff amount	$ 6,000
Proceeds received for repayment of related party loan			$ 6,000

Other Assets - Other Assets (De

Other Assets - Other Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Oct. 31, 2020
Statement of Financial Position [Abstract]
Mexican IVA (i.e. value-added) taxes receivable	$ 36,978	$ 30,126
Infrastructure advances to Agricola Belher and Agricola Don Memo	1,641	1,215
Other	1,387	1,217
Other assets	$ 40,006	$ 32,558

Other Assets - Intangible Asset

Other Assets - Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2021	Oct. 31, 2020
Finite-Lived Intangible Assets
Accum. Amortization	$ (13,168)	$ (11,982)
Intangibles, net	9,137	10,323
Finite and indefinite lived intangible assets gross	22,305	22,305
Brand name intangibles [Member]
Finite-Lived Intangible Assets
Gross carrying value and net book value	$ 275	275
Customer list/relationships [Member]
Finite-Lived Intangible Assets
Weighted-Average Useful Life	7 years
Gross Carrying Value	$ 17,340	17,340
Accum. Amortization	(9,661)	(8,613)
Net Book Value	$ 7,679	8,727
Trade names [Member]
Finite-Lived Intangible Assets
Weighted-Average Useful Life	11 years
Gross Carrying Value	$ 4,060	4,060
Accum. Amortization	(2,943)	(2,852)
Net Book Value	$ 1,117	1,208
Trade secrets/recipes [Member]
Finite-Lived Intangible Assets
Weighted-Average Useful Life	9 years
Gross Carrying Value	$ 630	630
Accum. Amortization	(564)	(517)
Net Book Value	$ 66	$ 113

Other Assets - Amortization (De

Other Assets - Amortization (Details) $ in Millions	Jul. 31, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense for remainder of fiscal 2021	$ 0.4
Amortization expense for 2022	1.6
Amortization expense for 2023	1.5
Amortization expense for 2024	1.5
Amortization expense thereafter	$ 3.9

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) $ / shares in Units, $ in Millions	Apr. 21, 2021shares	Nov. 02, 2020director$ / sharesshares	Jun. 30, 2021shares	Jul. 31, 2021USD ($)	Jul. 31, 2020USD ($)	Jul. 31, 2021USD ($)$ / sharesshares	Jul. 31, 2020USD ($)
Share-based Compensation
Common stock shares authorized under plan	1,500,000
Award expiration period	10 years
Director
Share-based Compensation
Stock-based compensation expense | $						$ 0.7
Restricted Stock [Member]
Share-based Compensation
Restricted shares granted						28,000
Restricted stock closing price awarded (in dollars per share) | $ / shares						$ 67.97
Stock-based compensation expense | $				$ 0.6	$ 0.9	$ 2.8	$ 3.6
Unrecognized stock based compensation expenses | $				3.1		$ 3.1
Forfeited, Number of Shares						5,000
Vested, Number of Shares						50,000
Restricted Stock [Member] | Chief Financial Officer [Member]
Share-based Compensation
Forfeited, Number of Shares			5,418
Restricted Stock [Member] | Non-employee directors [Member]
Share-based Compensation
Restricted shares granted		16,500
Restricted stock closing price awarded (in dollars per share) | $ / shares		$ 67.97
Stock-based compensation expense | $				0.3		$ 0.6
Number of non-employee directors | director		11
Restricted shares granted per non-employee		1,500
Restricted Stock [Member] | Executive officers [Member]
Share-based Compensation
Restricted shares granted		9,334
Restricted stock closing price awarded (in dollars per share) | $ / shares		$ 67.97
Vesting period		2 years
Stock-based compensation expense | $				$ 0.1		$ 0.2
Restricted Stock [Member] | Key Employees [Member]
Share-based Compensation
Restricted shares granted		2,600
Restricted stock closing price awarded (in dollars per share) | $ / shares		$ 67.97
Vesting period		3 years
Stock Options [Member] | Minimum
Share-based Compensation
Vesting period						1 year
Award expiration period						2 years
Stock Options [Member] | Maximum
Share-based Compensation
Vesting period						5 years
Award expiration period						5 years

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock (Details) - Restricted Stock [Member] $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Jul. 31, 2021USD ($)$ / sharesshares
Share-based Compensation
Outstanding, Number of Shares, Beginning Balance | shares	76
Vested, Number of Shares | shares	(50)
Forfeited, Number of Shares | shares	(5)
Granted, Number of Shares | shares	28
Outstanding, Number of Shares, Ending Balance | shares	49
Outstanding, Weighted-Average Exercise Price, balance balance | $ / shares	$ 80.45
Vested, Weighted-Average Grant Price | $ / shares	78.14
Forfeited, Weighted-Average Grant Price | $ / shares	63.77
Granted, Weighted-Average Grant Price | $ / shares	67.97
Outstanding, Weighted-Average Exercise Price, ending balance | $ / shares	$ 73.71
Aggregate Intrinsic Value | $	$ 2,754

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Option (Details) - Stock Options [Member] $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended
	Jul. 31, 2021USD ($)$ / sharesshares
Share-based Compensation
Outstanding, Number of Shares, Beginning Balance | shares	16
Exercised, Number of Shares | shares	(2)
Outstanding, Number of Shares, Ending Balance | shares	14
Exercisable, Number of Shares | shares	12
Outstanding, Weighted-Average Exercise Price | $ / shares	$ 44.21
Exercised, Weighted-Average Exercise Price | $ / shares	23.48
Outstanding, Weighted-Average Exercise Price, ending balance | $ / shares	47.17
Exercisable, Weighted-Average Exercise Price | $ / shares	$ 45.59
Outstanding, Aggregate Intrinsic Value | $	$ 128
Exercisable, Aggregate Intrinsic Value | $	$ 129
Outstanding stock options, weighted-average remaining contractual term	2 years 9 months 18 days

Other Events (Details)

Other Events (Details) $ / shares in Units, $ in Thousands, $ in Millions	Jun. 16, 2021USD ($)	Jun. 16, 2021MXN ($)	Dec. 04, 2020USD ($)$ / shares	Apr. 30, 2019MXN ($)	Jul. 31, 2018MXN ($)	Jul. 31, 2021USD ($)	Jul. 31, 2021USD ($)	Jul. 31, 2020USD ($)	Jul. 31, 2021MXN ($)	Jul. 25, 2021USD ($)
Dividend declared per share | $ / shares			$ 1.15
Dividend amount paid to shareholders			$ 20,300				$ 20,343	$ 19,354
Expenses related to Mexican tax matters						$ 1,342	1,342
Mexican Tax Authority [Member] | Tax Year 2011 [Member]
Amount disputed				$ 2,200			109,000
Discreet tax expense (benefit)	$ 2,400	$ 47.8
Expenses related to Mexican tax matters	300
Mexican Tax Authority [Member] | Tax Year 2011 [Member] | Income Taxes [Member]
Discreet tax expense (benefit)	1,500
Mexican Tax Authority [Member] | Tax Year 2011 [Member] | Value Added Taxes [Member]
Discreet tax expense (benefit)	$ 900
Mexican Tax Authority [Member] | Tax Year 2013 [Member]
Amount disputed					$ 2,600		128,800
Estimate of loss						150,000	150,000		$ 3,000
Net book value of fixed assets placed on lien										$ 26,000
Value of bank accounts under lien										$ 1,000
Tax dispute liability accrued						11,000	11,000
Expenses related to Mexican tax matters							100
Mexican Tax Authority [Member] | Tax Year 2013 [Member] | Employee Profit Sharing Liability [Member]
Estimate of loss						$ 5,800	$ 5,800		$ 118

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Oct. 31, 2020
Limoneira
Assets at Fair Value:
Non-equity method investment ownership (as a percent)	9.00%		9.00%
Realized gain (loss)	$ (300)	$ 200	$ 6,800	$ (9,100)
Fair Value, Measurements, Recurring
Assets at Fair Value:
Total assets at fair value	30,040		30,040		$ 23,197
Fair Value, Measurements, Recurring | Limoneira
Assets at Fair Value:
Investment in Limoneira Company	30,040		30,040		23,197
Fair Value, Measurements, Recurring | Level 1
Assets at Fair Value:
Total assets at fair value	30,040		30,040		23,197
Fair Value, Measurements, Recurring | Level 1 | Limoneira
Assets at Fair Value:
Investment in Limoneira Company	$ 30,040		$ 30,040		$ 23,197

Noncontrolling Interest (Detail

Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Noncontrolling Interest [Line Items]
Noncontrolling interest, beginning			$ 1,472
Net income attributable to noncontrolling interest of Avocados de Jalisco	$ 66	$ 64	(21)	$ (128)
Noncontrolling interest, ending	1,451		1,451
Avocados de Jalisco
Noncontrolling Interest [Line Items]
Noncontrolling interest, beginning	1,385	1,496	1,472	1,688
Net income attributable to noncontrolling interest of Avocados de Jalisco	66	64	(21)	(128)
Noncontrolling interest, ending	$ 1,451	$ 1,560	$ 1,451	$ 1,560

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, 2021	Apr. 30, 2021	Jan. 31, 2021	Jul. 31, 2020	Apr. 30, 2020	Jan. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Earnings per share
Net loss attributable to Calavo Growers, Inc.	$ (12,981)	$ 8,841	$ 5,277	$ (15,636)	$ (3,278)	$ (938)	$ 1,137	$ (19,852)
Weighted average shares - Basic	17,630			17,586			17,616	17,558
Effect of dilutive securities - Restricted stock/options							53
Weighted average shares - Diluted	17,630			17,586			17,669	17,558
Basic	$ (0.74)			$ (0.89)			$ 0.06	$ (1.13)
Diluted	$ (0.74)			$ (0.89)			$ 0.06	$ (1.13)

Mexican IVA taxes receivable (D

Mexican IVA taxes receivable (Details) $ in Millions, $ in Millions	Jul. 31, 2021USD ($)	Jul. 31, 2021MXN ($)	Oct. 31, 2020USD ($)	Oct. 31, 2020MXN ($)
Mexican IVA taxes receivable
IVA receivables balance	$ 37	$ 733.8	$ 30.2	$ 640.7

FreshRealm Separation (Details)

FreshRealm Separation (Details) - USD ($) $ in Thousands	Feb. 03, 2021	Jul. 31, 2021	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Oct. 31, 2020
Related Party Transaction [Line Items]
Loss on reserve					$ (6,130)	$ 37,192
Proceeds received for repayment of related party loan					$ 6,000
FreshRealm
Related Party Transaction [Line Items]
Notes receivable from FreshRealm	$ 34,500						$ 34,500
Loss on reserve			$ 34,500	$ 34,500
Receivable proceeds event of sale (as a percent)		20.00%	20.00%		20.00%
Threshold values of the private placement for VIE company	35,000
FreshRealm | Success Event is equal to or greater than $100 million, but less than $230 million
Related Party Transaction [Line Items]
Value threshold of success event	100,000
Receivable upon closing of success event	10,000
FreshRealm | Success Event is equal to or greater than $100 million, but less than $230 million | Minimum
Related Party Transaction [Line Items]
Value threshold of success event	100,000
FreshRealm | Success Event is equal to or greater than $100 million, but less than $230 million | Maximum
Related Party Transaction [Line Items]
Value threshold of success event	230,000
FreshRealm | Success Event is equal to or greater than $230 million, but less than $380 million
Related Party Transaction [Line Items]
Receivable upon closing of success event	20,000
FreshRealm | Success Event is equal to or greater than $230 million, but less than $380 million | Minimum
Related Party Transaction [Line Items]
Value threshold of success event	230,000
FreshRealm | Success Event is equal to or greater than $230 million, but less than $380 million | Maximum
Related Party Transaction [Line Items]
Value threshold of success event	380,000
FreshRealm | Success Event is equal to or greater than $380 Million
Related Party Transaction [Line Items]
Value threshold of success event	380,000
Receivable upon closing of success event	34,000
FreshRealm | Promissory Notes
Related Party Transaction [Line Items]
Notes receivable from FreshRealm	5,000
Amount loaned	5,000
Loan payoff amount	$ 6,000
Proceeds received for repayment of related party loan		$ 6,000

Credit Facility (Details)

Credit Facility (Details) - USD ($) $ in Thousands	Jan. 29, 2021	Jul. 31, 2021	Jan. 28, 2021	Oct. 31, 2020
Debt Instrument [Line Items]
Line of credit facility outstanding		$ 36,000
Total Facility
Debt Instrument [Line Items]
Credit available under borrowing agreement	$ 150,000		$ 130,000
Revolving Credit Facility
Debt Instrument [Line Items]
Extension term	5 years
Increase in maximum borrowing capacity	$ 20,000
Credit available under borrowing agreement	$ 100,000		$ 80,000
Applicable margin (as a percent)	0.25%
Average interest rate		2.90%		1.90%
Line of credit facility outstanding		$ 36,000		$ 20,600
Quarterly consolidated leverage ratio		2.50%
Fixed charge coverage ratio		1.15
Accordion Credit Facility
Debt Instrument [Line Items]
Credit available under borrowing agreement	$ 50,000