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Consolidated Balance Sheets (USD $)
Oct. 31, 2011
Oct. 31, 2010
Assets    
Cash $ 1,091,513 $ 2,522,058
Trade accounts receivable, net of allowance for doubtful accounts of $145,616 in 2011 and $120,450 in 2010 10,797,820 10,659,623
Other receivables 510,714 606,435
Income taxes refundable 434,124 373,090
Inventories 16,497,185 14,422,787
Prepaid expenses and other assets 374,028 332,475
Deferred income taxes - current 1,817,807 1,750,542
Total current assets 31,523,191 30,667,010
Property and equipment, net 12,544,465 13,125,114
Intangible assets, net 295,843 695,580
Deferred income taxes - noncurrent 426,770 626,132
Other assets, net 154,945 176,930
Total assets 44,945,214 45,290,766
Liabilities and Shareholders' Equity    
Current installments of long-term debt 190,593 177,350
Accounts payable and accrued expenses 5,426,467 5,339,941
Accrued compensation and payroll taxes 2,579,865 2,181,235
Income taxes payable   63,590
Total current liabilities 8,196,925 7,762,116
Note payable to bank   700,000
Long-term debt, excluding current installments 8,000,311 8,191,785
Other noncurrent liabilities 1,025,003 1,056,803
Total liabilities 17,222,239 17,710,704
Shareholders' equity:    
Preferred stock, no par value, authorized 1,000,000 shares; none issued and outstanding      
Common stock, no par value, authorized 50,000,000 shares; issued and outstanding 6,287,761 shares in 2011 and 6,280,173 shares in 2010 6,771,565 5,987,777
Retained earnings 21,437,609 21,869,667
Total shareholders' equity attributable to Optical Cable Corporation 28,209,174 27,857,444
Noncontrolling interest (486,199) (277,382)
Total shareholders' equity 27,722,975 27,580,062
Commitments and contingencies      
Total liabilities and shareholders' equity $ 44,945,214 $ 45,290,766