Note 10 - Non-controlling Interest

3 Months Ended

Jan. 31, 2017

Notes to Financial Statements

Noncontrolling Interest Disclosure [Text Block]

(10) Non-controlling Interest

On

August

1,

2008,

OCC acquired

70%

of the authorized membership interests of Centric Solutions LLC (“Centric Solutions”), a limited liability company focused on sales of turnkey cabling and connectivity solutions for the datacenter market. OCC consolidated Centric Solutions for financial reporting purposes and a non-controlling interest was recorded for the other members’ interests in the net assets and operations of Centric Solutions to the extent of the non-controlling members’ investment.

Effective

February

1,

2016,

OCC purchased, for a nominal amount, the membership interest in Centric Solutions of

one

of the non-controlling members, and Centric Solutions purchased, for a nominal amount, and retired the membership units of the remaining non-controlling member. As a result, Centric Solutions became a wholly owned subsidiary of OCC. OCC continues to consolidate Centric Solutions for financial reporting purposes, however, beginning in the

second

quarter of fiscal year

2016,

the Company no longer records a non-controlling interest in its condensed consolidated financial statements.