XML 42 R27.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Business acquisitions (Tables) | 12 Months Ended
--- | ---
Oct. 31, 2016
Rel-Tech Electronics, Inc |
Components of Purchase Price at Fair Value | The following table summarizes the components of the estimated purchase price at fair value at June 1, 2015:
Cash consideration paid |  | $ | 2,100,000 |
RF Industries, Ltd. common shares issued (50,467 shares) |  |  | 200,000 |
Earn-out |  |  | 610,000 |
Total purchase price |  | $ | 2,910,000 |
Allocation of Purchase Price at Fair Value | The following table summarizes the final allocation of the estimated purchase price at fair value at June 1, 2015:
Current assets |  | $ | 1,637,000 |
Fixed assets |  |  | 68,000 |
Other assets |  |  | 17,000 |
Intangible assets |  |  | 1,425,000 |
Goodwill |  |  | 833,000 |
Deferred tax liabilities |  |  | (489,000) |
Non-interest bearing liabilities |  |  | (581,000) |
Net assets |  | $ | 2,910,000 |
Business Acquisition, Pro Forma Information | Pro forma financial information is presented in the following table:
|  | October 31, |
|  | 2015 |
Revenue |  | $ | 34,714,000 |
Net income |  |  | 958,000 |
Earnings per share |  |  |  |
Basic |  | $ | 0.11 |
Diluted |  | $ | 0.11 |
CompPro Product Line |
Components of Purchase Price at Fair Value | The following table summarizes the components of the estimated purchase price at fair value at May 19, 2015:
Cash consideration paid |  | $ | 700,000 |
Total purchase price |  | $ | 700,000 |
Allocation of Purchase Price at Fair Value | The following table summarizes the final allocation of the estimated purchase price at fair value at May 19, 2015:
Current assets |  | $ | 186,300 |
Fixed assets |  |  | 67,500 |
Intangible assets |  |  | 321,200 |
Goodwill |  |  | 125,000 |
Net assets |  | $ | 700,000 |
Comnet Telecom Supply Inc |
Components of Purchase Price at Fair Value | The following table summarizes the components of the estimated purchase price at fair value at November 1, 2014:
Cash consideration paid |  | $ | 3,090,000 |
RF Industries, Ltd. common shares issued (252,381 shares) |  |  | 1,060,000 |
Earn-out |  |  | 1,235,000 |
Total purchase price |  | $ | 5,385,000 |
Allocation of Purchase Price at Fair Value | The following table summarizes the final allocation of the purchase price at fair value at November 1, 2014:
Current assets |  | $ | 1,875,000 |
Fixed assets |  |  | 150,000 |
Intangible assets |  |  | 2,910,000 |
Goodwill |  |  | 1,879,000 |
Non-interest bearing liabilities |  |  | (1,429,000) |
Net assets |  | $ | 5,385,000 |

X
- Definition Tabular disclosure of all of the fair values of the purchase price and assets and liabilities acquired in a business combination. + References No definition available. + Details
Name: | rfil_ScheduleOfPurchasesPriceAllocationTableTextBlock
Namespace Prefix: | rfil_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of acquisition of assets or a business through noncash (or part noncash) transactions. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Disclosure may include the equity interest acquired, value of assets acquired, value of liabilities acquired, net monetary assets acquired, number of shares, warrants or options issued as consideration for a business or asset acquired and other information necessary to a fair presentation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4332-108586 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4313-108586 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586 + Details
Name: | us-gaap_ScheduleOfNoncashOrPartNoncashAcquisitionsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=rfil_ReltechElectronicsIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=rfil_CompproProductLineMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=rfil_ComnetTelecomSupplyIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |