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Condensed Consolidated Balance Sheets (USD $)
Apr. 30, 2012
Oct. 31, 2011
Assets    
Cash $ 1,031,350 $ 1,091,513
Trade accounts receivable, net of allowance for doubtful accounts of $129,152 at April 30, 2012 and $145,616 at October 31, 2011 12,389,285 10,797,820
Other receivables 344,904 510,714
Income taxes refundable   434,124
Inventories 17,942,061 16,497,185
Prepaid expenses and other assets 510,726 374,028
Deferred income taxes - current 2,005,250 1,817,807
Total current assets 34,223,576 31,523,191
Property and equipment, net 11,941,040 12,544,465
Intangible assets, net 272,694 295,843
Deferred income taxes - noncurrent 456,411 426,770
Other assets, net 125,880 154,945
Total assets 47,019,601 44,945,214
Liabilities and Shareholders' Equity    
Current installments of long-term debt 197,628 190,593
Accounts payable and accrued expenses 5,022,796 5,426,467
Accrued compensation and payroll taxes 2,403,748 2,579,865
Income taxes payable 583,575  
Total current liabilities 8,207,747 8,196,925
Note payable to bank 750,000  
Long-term debt, excluding current installments 7,899,400 8,000,311
Other noncurrent liabilities 1,033,445 1,025,003
Total liabilities 17,890,592 17,222,239
Shareholders' equity:    
Common stock, no par value, authorized 50,000,000 shares; issued and outstanding 6,693,638 shares at April 30, 2012 and 6,287,761 at October 31, 2011 7,312,537 6,771,565
Retained earnings 22,384,131 21,437,609
Total shareholders' equity attributable to Optical Cable Corporation 29,696,668 28,209,174
Noncontrolling interest (567,659) (486,199)
Total shareholders' equity 29,129,009 27,722,975
Commitments and contingencies      
Total liabilities and shareholders' equity $ 47,019,601 $ 44,945,214