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v3.3.1.900

Consolidated Statements of Operations - USD ($) | 12 Months Ended
--- | ---
Oct. 31, 2015 | Oct. 31, 2014 | Oct. 31, 2013
Net sales | $ 73,568,738 | $ 82,977,732 | $ 75,266,038
Cost of goods sold | 51,772,851 | 54,505,370 | 49,353,746
Gross profit | 21,795,887 | 28,472,362 | 25,912,292
Selling, general and administrative expenses | 24,042,554 | 26,989,262 | 24,996,440
Royalty expense, net | 124,271 | 110,193 | 78,998
Amortization of intangible assets | 10,860 | 40,612 | 69,733
Income (loss) from operations | (2,381,798) | 1,332,295 | 767,121
Other expense, net: |  |  |
Interest expense | (439,921) | (413,731) | (466,601)
Other, net | 6,656 | (27,984) | (25,210)
Other expense, net | (433,265) | (441,715) | (491,811)
Income (loss) before income taxes | (2,815,063) | 890,580 | 275,310
Income tax expense | 1,482,382 | 267,673 | 347,788
Net income (loss) | (4,297,445) | 622,907 | (72,478)
Net loss attributable to noncontrolling interest | (41,780) | (61,320) | (29,641)
Net income (loss) attributable to Optical Cable Corporation | $ (4,255,665) | $ 684,227 | $ (42,837)
Net income (loss) attributable to Optical Cable Corporation per share - basic and diluted (in dollars per share) | $ (0.69) | $ 0.10 | $ (0.01)
Dividends declared per share (in dollars per share) | $ 0.08 | $ 0.08 | $ 0.08

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