XML 44 R25.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Note 18 - Quarterly Results of Operations (Unaudited) | 12 Months Ended
--- | ---
Oct. 31, 2016
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, 2016 and 2015:
|  | Quarter ended |
Fiscal year ended October 31, 2016 |  | January 31 |  |  | April 30 |  |  | July 31 |  |  | October 31 |
Net sales |  | $ | 14,047,890 |  |  | $ | 16,340,153 |  |  | $ | 16,915,135 |  |  | $ | 17,312,823 |
Gross profit |  |  | 3,502,431 |  |  |  | 4,551,295 |  |  |  | 5,461,691 |  |  |  | 6,209,719 |
Selling, general & administrative expenses |  |  | 5,087,481 |  |  |  | 5,351,577 |  |  |  | 5,074,839 |  |  |  | 5,246,838 |
Income (loss) before income taxes |  |  | (1,743,321 | ) |  |  | (992,653 | ) |  |  | 181,003 |  |  |  | 759,876 |
Net income (loss) attributable to Optical Cable Corporation |  |  | (1,745,021 | ) |  |  | (983,122 | ) |  |  | 188,163 |  |  |  | 761,158 |
Basic and diluted net income (loss) per share attributable to Optical Cable Corporation |  | $ | (0.28 | ) |  | $ | (0.15 | ) |  | $ | 0.03 |  |  | $ | 0.11 |
Cash dividends declared per common share |  | $ | 0.00 |  |  | $ | 0.00 |  |  | $ | 0.00 |  |  | $ | 0.00 |
|  | 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 |
Selling, general & administrative expenses |  |  | 5,720,420 |  |  |  | 6,474,414 |  |  |  | 6,084,514 |  |  |  | 5,763,206 |
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 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: 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=68064558&loc=d3e765-108305 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=68064558&loc=d3e725-108305 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration