XML 56 R36.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Income Taxes (Tables) | 12 Months Ended
--- | ---
Oct. 31, 2012
Income Taxes [Abstract] |
Schedule Of Income Tax Expense (Benefit) |
Fiscal year ended October 31, 2012 |  | Current |  | Deferred |  |  | Total
U.S. Federal | $ | 1,648,945 | $ | (491,256 | ) | $ | 1,157,689
State |  | 167,160 |  | (67,514 | ) |  | 99,646
Totals | $ | 1,816,105 | $ | (558,770 | ) | $ | 1,257,335
Fiscal year ended October 31, 2011 |  | Current |  | Deferred |  |  | Total
U.S. Federal | $ | 137,721 | $ | 143,800 |  | $ | 281,521
State |  | 128,434 |  | (11,703 | ) |  | 116,731
Totals | $ | 266,155 | $ | 132,097 |  | $ | 398,252
Fiscal year ended October 31, 2010 |  | Current |  | Deferred |  |  | Total
U.S. Federal | $ | 652,511 | $ | (628,132 | ) | $ | 24,379
State |  | 162,974 |  | (96,063 | ) |  | 66,911
Totals | $ | 815,485 | $ | (724,195 | ) | $ | 91,290
Schedule Of Effective Income Tax Reconciliation |
|  | Years ended October 31,
|  | 2012 |  |  | 2011 |  |  | 2010 |
"Expected" tax expense (benefit) | $ | 1,320,402 |  | $ | 290,955 |  | $ | (2,012,466 | )
Increase (reduction) in income tax expense |  |  |  |  |  |  |  |  |
(benefit) resulting from: |  |  |  |  |  |  |  |  |
Impact of nondeductible write-off of goodwill |  | — |  |  | — |  |  | 1,897,285 |
Benefits from Sec. 199 manufacturing |  |  |  |  |  |  |  |  |
deduction |  | (177,230 | ) |  | (13,702 | ) |  | (34,870 | )
Impact of restricted share grants |  | — |  |  | — |  |  | 136,225 |
State income taxes, net of federal benefit |  | 62,936 |  |  | 77,042 |  |  | 44,061 |
Other differences, net |  | 51,227 |  |  | 43,957 |  |  | 61,055 |
Reported income tax expense (benefit) | $ | 1,257,335 |  | $ | 398,252 |  | $ | 91,290 |
Schedule Of Deferred Tax Assets And Liabilities |
|  | October 31,
|  | 2012 |  |  | 2011 |
Deferred tax assets: |  |  |  |  |  |
Accounts receivable, due to allowances for doubtful accounts |  |  |  |  |  |
and sales returns | $ | 77,356 |  | $ | 137,385 |
Inventories, due to allowance for damaged and slow-moving |  |  |  |  |  |
inventories and additional costs inventoried for tax purposes |  |  |  |  |  |
pursuant to the Tax Reform Act of 1986 |  | 995,304 |  |  | 790,363 |
Liabilities recorded for accrued expenses, deductible for tax |  |  |  |  |  |
purposes when paid |  | 755,772 |  |  | 521,930 |
Share-based compensation expense |  | 205,131 |  |  | 89,499 |
Investment in Centric Solutions |  | 153,631 |  |  | 166,154 |
Net operating loss carryforwards |  | 951,397 |  |  | 1,140,133 |
Other |  | 92,766 |  |  | 85,291 |
Total gross deferred tax assets |  | 3,231,357 |  |  | 2,930,755 |
Deferred tax liabilities: |  |  |  |  |  |
Plant and equipment, due to differences in depreciation and |  |  |  |  |  |
capital gain recognition |  | (428,010 | ) |  | (675,223 | )
Other receivables, due to accrual for financial reporting |  |  |  |  |  |
purposes |  | — |  |  | (10,955 | )
Total gross deferred tax liabilities |  | (428,010 | ) |  | (686,178 | )
Net deferred tax asset | $ | 2,803,347 |  | $ | 2,244,577 |
Schedule Of Unrecognized Tax Benefits |
|  | October 31,
|  | 2012 |  |  | 2011 |
Unrecognized tax benefits balance at beginning of year | $ | 205,171 |  | $ | 179,571 |
Gross increases (decreases) for tax positions of prior years |  | (30,055 | ) |  | 29,757 |
Gross increases for current year tax positions |  | 46,223 |  |  | — |
Reductions to unrecognized tax benefits resulting from |  |  |  |  |  |
the lapse of applicable statute of limitations |  | — |  |  | (4,157 | )
Unrecognized tax benefits balance at end of year | $ | 221,339 |  | $ | 205,171 |

X
- Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=21917533&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration