Earnings per share

3 Months Ended

Jan. 31, 2024

9.	Earnings per share

Basic and diluted net income per share is calculated as follows (data in thousands, except per share data):


	Three months ended January 31,
	2024		2023
Numerator:
Net loss from continuing operations	$	(2,574)	$	(445)
Add: Net income attributable to noncontrolling interest		(10)		(273)
Net loss from continuing operations attributable to Calavo Growers, Inc.		(2,584)		(718)
Net loss from discontinued operations (refer to Note 11)		(3,683)		(2,350)
Net loss attributable to Calavo Growers, Inc.	$	(6,267)	$	(3,068)

Denominator:
Weighted average shares - Basic		17,799		17,673
Effect on dilutive securities – Restricted stock/units/options (1)		—		—
Weighted average shares - Diluted		17,799		17,673

Net loss from continuing operations
Basic	$	(0.15)	$	(0.04)
Diluted	$	(0.15)	$	(0.04)

Net loss from discontinued operations (refer to Note 11)
Basic	$	(0.21)	$	(0.13)
Diluted (1)	$	(0.21)	$	(0.13)

Net loss per share attributable to Calavo Growers, Inc:
Basic	$	(0.35)	$	(0.17)
Diluted (1)	$	(0.35)	$	(0.17)

(1)	For the three months ended January 31, 2024 and 2023, approximately 34,000 shares and 137,000 shares of common stock equivalents, respectively, were excluded in the computation of diluted net loss per share, as the effect would be anti-dilutive given the Company’s net loss for those periods.