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Note 18 - Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Oct. 31, 2015
Notes to Financial Statements |
Quarterly Financial Information [Text Block] |
(18) | Quarterly Results of Operations (Unaudited)
The following is a summary of the unaudited quarterly results of operations for the years ended October 31, 2015 and 2014:
|  | Quarter ended |
Fiscal year ended October 31, 2015 |  | January 31 |  |  | April 30 |  |  | July 31 |  |  | October 31 |
Net sales |  | $ | 17,358,844 |  |  | $ | 18,676,107 |  |  | $ | 20,781,340 |  |  | $ | 16,752,447 |
Gross profit |  |  | 5,385,391 |  |  |  | 5,669,311 |  |  |  | 5,708,843 |  |  |  | 5,032,342 |
Loss before income taxes |  |  | (497,621 | ) |  |  | (938,546 | ) |  |  | (516,247 | ) |  |  | (862,649 | )
Net loss attributable to Optical Cable Corporation |  |  | (228,183 | ) |  |  | (490,144 | ) |  |  | (572,572 | ) |  |  | (2,964,766 | )
Basic and diluted net loss per share attributable to Optical Cable Corporation |  | $ | (0.04 | ) |  | $ | (0.08 | ) |  | $ | (0.09 | ) |  | $ | (0.48 | )
Cash dividends declared per common share |  | $ | 0.02 |  |  | $ | 0.02 |  |  | $ | 0.02 |  |  | $ | 0.02 |
|  | Quarter ended |
Fiscal year ended October 31, 2014 |  | January 31 |  |  | April 30 |  |  | July 31 |  |  | October 31 |
Net sales |  | $ | 16,534,930 |  |  | $ | 20,190,729 |  |  | $ | 21,004,130 |  |  | $ | 25,247,943 |
Gross profit |  |  | 5,407,662 |  |  |  | 6,659,915 |  |  |  | 7,338,478 |  |  |  | 9,066,307 |
Income (loss) before income taxes |  |  | (767,473 | ) |  |  | (312,583 | ) |  |  | 432,978 |  |  |  | 1,537,658 |
Net income (loss) attributable to Optical Cable Corporation |  |  | (412,136 | ) |  |  | (143,277 | ) |  |  | 292,484 |  |  |  | 947,156 |
Basic and diluted net income (loss) per share attributable to Optical Cable Corporation |  | $ | (0.07 | ) |  | $ | (0.02 | ) |  | $ | 0.04 |  |  | $ | 0.14 |
Cash dividends declared per common share |  | $ | 0.02 |  |  | $ | 0.02 |  |  | $ | 0.02 |  |  | $ | 0.02 |

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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