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Preferred Stock
6 Months Ended
Apr. 30, 2012
Equity [Abstract]  
Preferred Stock
Preferred Stock
At April 30, 2012 and October 31, 2011, there were 64,020 shares of Series B Preferred Stock issued and outstanding, with a carrying value of $59.9 million. Dividends of $1.6 million were paid in cash for the six month periods ended April 30, 2012 and 2011, respectively. Pursuant to the terms of the agreement, starting this quarter, quarterly scheduled payments on the Series 1 preferred share obligation decreased to Cdn.$0.3 million.

Series 1 Preferred Shares
As of April 30, 2012 and October 31, 2011, the carrying value of the Series 1 Preferred shares was Cdn.$13.8 million ($14.1 million USD) and Cdn.$16.6 million ($16.7 million USD), respectively, and is classified as preferred stock obligation of subsidiary on the consolidated balance sheets. The Company made its scheduled return of capital and dividend payments of $3.7 million (Cdn.$3.8 million) during the first six months ended April 30, 2012.

Derivative liability related to Series 1 Preferred Shares
The aggregate fair value of the derivatives related to the Series 1 Preferred shares which are included within long-term debt and other liabilities on the consolidated balance sheets as of April 30, 2012 and October 31, 2011 was $0.6 million.