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Business activities and summary of significant accounting policies (Tables) | 12 Months Ended
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Oct. 31, 2017
Accounting Policies [Abstract] |
Schedule of Fair Value, Assets and Liabilities | The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of October 31, 2017 (in thousands):
Description |  | Level 1 |  | Level 2 |  | Level 3 |
Earn-out liability |  | $ | - |  | $ | - |  | $ | 236 |
The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of October 31, 2016 (in thousands):
Description |  | Level 1 |  | Level 2 |  | Level 3 |
Earn-out liability |  | $ | - |  | $ | - |  | $ | 835 |
Fair Value, Liabilities Measured on Recurring Basis | The following table summarizes the Level 3 transactions for the years ended October 31, 2017 and 2016 (in thousands):
|  | Level 3 |
|  | 2017 |  | 2016 |
Beginning balance |  | $ | 835 |  | $ | 1,527 |
Payments |  |  | (578) |  |  | (790) |
Change in value |  |  | (21) |  |  | 98 |
Ending Balance |  | $ | 236 |  | $ | 835 |
Components of Intangible Assets | Intangible assets consist of the following as of October 31 (in thousands):
|  | 2017 |  | 2016 |
Amortizable intangible assets: |  |  |  |  |  |  |
Non-compete agreements (estimated lives 3 - 5 years) |  | $ | 310 |  | $ | 310 |
Accumulated amortization |  |  | (310) |  |  | (273) |
|  |  | - |  |  | 37 |
Customer relationships (estimated lives 7 - 15 years) |  |  | 5,099 |  |  | 5,099 |
Accumulated amortization |  |  | (2,186) |  |  | (1,644) |
|  |  | 2,913 |  |  | 3,455 |
Patents (estimated life 14 years) |  |  | 142 |  |  | 142 |
Accumulated amortization |  |  | (25) |  |  | (15) |
|  |  | 117 |  |  | 127 |
Totals |  | $ | 3,030 |  | $ | 3,619 |
Non-amortizable intangible assets: |  |  |  |  |  |  |
Trademarks |  | $ | 1,237 |  | $ | 1,237 |
Estimated Amortization Expense Related To Finite Lived Intangible Assets | Estimated amortization expense related to finite lived intangible assets is as follows (in thousands):
Year ending |  |  |  |
October 31, |  | Amount |
2018 |  | $ | 553 |
2019 |  |  | 553 |
2020 |  |  | 553 |
2021 |  |  | 413 |
2022 |  |  | 413 |
Thereafter |  |  | 545 |
Total |  | $ | 3,030 |
Calculation of Basic And Diluted Earnings Per Share | The following table summarizes the computation of basic and diluted earnings (loss) per share:
|  | 2017 |  | 2016 |
Numerators: |  |  |  |  |  |  |
Consolidated net income (loss) (A) |  | $ | 382,000 |  | $ | (4,089,000) |
Denominators: |  |  |  |  |  |  |
Weighted average shares outstanding for basic earnings (loss) per share (B) |  |  | 8,840,895 |  |  | 8,786,510 |
Add effects of potentially dilutive securities - assumed exercise of stock options |  |  | 74,869 |  |  | - |
Weighted average shares outstanding for diluted earnings (loss) per share (C) |  |  | 8,915,764 |  |  | 8,786,510 |
Basic earnings (loss) per share (A)/(B) |  | $ | 0.04 |  | $ | (0.47) |
Diluted earnings (loss) per share (A)/(C) |  | $ | 0.04 |  | $ | (0.47) |

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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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