XML 13 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Jul. 31, 2011
Jul. 31, 2010
Jul. 31, 2011
Jul. 31, 2010
Revenues:        
Printing $ 19,574,132 $ 19,660,226 $ 58,792,215 $ 61,126,093
Office products and office furniture 8,891,852 8,643,039 25,192,019 25,257,332
Newspaper 3,561,153 3,585,861 11,038,648 11,632,293
Total revenues 32,027,137 31,889,126 95,022,882 98,015,718
Cost of sales and newspaper operating costs:        
Printing 14,934,489 14,540,953 44,615,192 44,752,169
Office products and office furniture 6,487,843 6,260,691 18,080,071 18,009,192
Newspaper cost of sales and operating costs 2,123,253 2,058,988 6,373,051 6,210,296
Total cost of sales and newspaper operating costs 23,545,585 22,860,632 69,068,314 68,971,657
Gross profit 8,481,552 9,028,494 25,954,568 29,044,061
Selling, general and administrative expenses 7,383,423 7,317,348 21,764,411 24,366,779
Restructuring charges 0 1,398,061 220,658 1,537,145
Income from operations 1,098,129 313,085 3,969,499 3,140,137
Other income (expenses):        
Interest expense (988,005) (1,232,003) (2,902,602) (4,164,454)
Gain on early extinguishment of debt from related party 1,337,846 0 1,337,846 0
Other 27,674 10,805 73,186 322,471
Total other income (expenses) 377,515 (1,221,198) (1,491,570) (3,841,983)
Income (loss) before income taxes 1,475,644 (908,113) 2,477,929 (701,846)
Income tax (expense) benefit (599,167) 337,515 (1,035,519) 252,023
Net income (loss) $ 876,477 $ (570,598) $ 1,442,410 $ (449,823)
Earnings (loss) per share        
Basic (in dollars per share) $ 0.09 $ (0.06) $ 0.14 $ (0.05)
Diluted (in dollars per share) $ 0.09 $ (0.06) $ 0.14 $ (0.05)
Weighted average shares outstanding:        
Basic (in shares) 10,173,000 9,988,000 10,050,000 9,988,000
Diluted (in shares) 10,173,000 9,988,000 10,050,000 9,988,000
Dividends per share $ 0.00 $ 0.00 $ 0.00 $ 0.00