Note 10 - Segment Information and Business and Credit Concentrations

6 Months Ended

Apr. 30, 2021

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

(10) Segment Information and Business and Credit Concentrations

The Company provides credit, in the normal course of business, to various commercial enterprises, governmental entities and not‑for‑profit organizations. Concentration of credit risk with respect to trade receivables is normally limited due to the Company’s large number of customers. The Company also manages exposure to credit risk through credit approvals, credit limits and monitoring procedures. Management believes that credit risks as of April 30, 2021 have been adequately provided for in the condensed consolidated financial statements. The Company includes all entities under common ownership for the purpose of calculating business concentrations.

For the three months and six months ended April 30, 2021, 16.6% and 19.5% of consolidated net sales were attributable to one national distributor customer. For the three months and six months ended April 30, 2020, 10.6% and 12.5% of consolidated net sales was attributable to a national distributor customer.

The Company has a single reportable segment for purposes of segment reporting.