XML 68 R46.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Note 7 - Long-term Debt and Note Payable to Bank (Details Textual) |  | 1 Months Ended | 12 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Jan. 25, 2016 USD ($) | Jan. 24, 2016 | Oct. 31, 2015 USD ($) | Oct. 31, 2016 | Jul. 31, 2016 | Apr. 30, 2016 | Oct. 31, 2014 USD ($)
Virginia Real Estate Loan [Member] |  |  |  |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage |  |  | 4.25% |  |  |  | 4.25%
The Commercial Loan [Member] | Scenario, Forecast [Member] |  |  |  |  |  |  |
Debt Service Coverage Ratio, Minimum |  |  |  | 1.5 | 1.5 | 1.25 |
The Commercial Loan [Member] |  |  |  |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage |  |  | 2.39% |  |  |  |
North Carolina Real Estate Loan [Member] |  |  |  |  |  |  |
Debt Instrument, Interest Rate, Stated Percentage |  |  | 4.25% |  |  |  | 4.25%
Certain Receivables Aged Ninety Days or Over [Member] | Revolving Credit Facility [Member] | The Commercial Loan [Member] |  |  |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity, Percentage of Related Category Used For Calculation |  |  | 85.00% |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity, Maximum Aging of Receivables |  |  | 90 days |  |  |  |
Certain Foreign Receivables [Member] | Revolving Credit Facility [Member] | The Commercial Loan [Member] |  |  |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity, Percentage of Related Category Used For Calculation |  |  | 35.00% |  |  |  |
Line of Credit Facility, Maximum Amount Outstanding During Period |  |  | $ 1,000,000 |  |  |  |
Certain Raw Materials of Inventory [Member] | Revolving Credit Facility [Member] | The Commercial Loan [Member] |  |  |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity, Percentage of Related Category Used For Calculation |  |  | 25.00% |  |  |  |
Revolving Credit Facility [Member] | The Commercial Loan [Member] | London Interbank Offered Rate (LIBOR) [Member] | Subsequent Event [Member] |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate | 2.75% | 2.20% |  |  |  |  |
Line of Credit Facility, Commitment Fee Amount | $ 25,000 |  |  |  |  |  |
Revolving Credit Facility [Member] | The Commercial Loan [Member] | London Interbank Offered Rate (LIBOR) [Member] |  |  |  |  |  |  |
Debt Instrument, Basis Spread on Variable Rate |  |  | 2.20% |  |  |  |
Revolving Credit Facility [Member] | The Commercial Loan [Member] |  |  |  |  |  |  |
Line of Credit Facility, Maximum Borrowing Capacity |  |  | $ 9,000,000 |  |  |  |
Long-term Line of Credit |  |  | 6,000,000 |  |  |  | $ 2,500,000
Line of Credit Facility, Remaining Borrowing Capacity |  |  | 2,600,000 |  |  |  | $ 6,500,000
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months |  |  | 280,999 |  |  |  |
Long-term Debt, Maturities, Repayments of Principal in Year Two |  |  | 6,294,214 |  |  |  |
Long-term Debt, Maturities, Repayments of Principal in Year Three |  |  | $ 6,651,794 |  |  |  |
Revolving Credit Facility [Member] | North Carolina Real Estate Loan [Member] | London Interbank Offered Rate (LIBOR) [Member] | Subsequent Event [Member] |  |  |  |  |  |  |
Line of Credit Facility, Commitment Fee Amount | $ 10,000 |  |  |  |  |  |
Debt Service Coverage Ratio, Minimum |  |  | 1.5 |  |  |  |
Debt Service Coverage Ratio |  |  | 1.08 |  |  |  |

X
- Definition The debt service coverage ratio allowed dictated by credit facilities' terms. It is calculated by dividing the adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), by the current maturities of long-term debt plus consolidated interest expense. + References No definition available. + Details
Name: | occ_DebtServiceCoverageRatio
Namespace Prefix: | occ_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition The minimum debt service coverage ratio allowed dictated by credit facilities' terms. It is calculated by dividing the adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), by the current maturities of long-term debt plus consolidated interest expense. + References No definition available. + Details
Name: | occ_DebtServiceCoverageRatioMinimum
Namespace Prefix: | occ_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line of Credit Facility, Maximum Borrowing Capacity, Percentage of Related Category Used for Calculation + References No definition available. + Details
Name: | occ_LineOfCreditFacilityMaximumBorrowingCapacityPercentageOfRelatedCategoryUsedForCalculation
Namespace Prefix: | occ_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum age of eligible receivables used the calculation of allowable borrowings under the terms of the facility. + References No definition available. + Details
Name: | occ_LineofCreditFacilityMaximumBorrowingCapacityMaximumAgingOfReceivables
Namespace Prefix: | occ_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 + Details
Name: | us-gaap_LineOfCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of the fee for available but unused credit capacity under the credit facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityCommitmentFeeAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Maximum amount borrowed under the credit facility at any time during the period. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04.(a)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04.(a)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
Name: | us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04.(a)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
Name: | us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=occ_VirginiaRealEstateLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=occ_TheCommercialLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementScenarioAxis=us-gaap_ScenarioForecastMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=occ_NorthCarolinaRealEstateLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementScenarioAxis=occ_CertainReceivablesAgedNinetyDaysOrOverMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=occ_TheCommercialLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementScenarioAxis=occ_CertainForeignReceivablesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementScenarioAxis=occ_CertainRawMaterialsofInventoryMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=occ_NorthCarolinaRealEstateLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |