Industry Segment Information (Tables)

9 Months Ended

Jul. 31, 2012

Industry Segment Information [Abstract]

Schedule of Segment Reporting Information, by Segment

The table below presents information about reported segments for the three and nine months ended July 31:

2012 Quarter 3	Printing			Office Products & Furniture			Newspaper		Total
Revenues	$	14,546,393		$	11,147,025		$	3,287,779	$	28,981,197
Elimination of intersegment revenue		(1,307,914	)		(1,332,806	)		-		(2,640,720	)
Consolidated revenues	$	13,238,479		$	9,814,219		$	3,287,779	$	26,340,477
Operating income (loss)		(1,026,931	)		325,980			406,388		(294,563	)
Depreciation & amortization		618,191			35,079			289,655		942,925
Capital expenditures		116,586			9,201			7,998		133,785
Identifiable assets		27,519,335			7,617,268			12,477,734		47,614,337
Goodwill		2,226,837			1,230,485			-		3,457,322

2011 Quarter 3	Printing			Office Products & Furniture			Newspaper		Total
Revenues	$	14,322,788		$	10,436,689		$	3,469,014	$	28,228,491
Elimination of intersegment revenue		(1,086,743	)		(1,544,837	)		-		(2,631,580	)
Consolidated revenues	$	13,236,045		$	8,891,852		$	3,469,014	$	25,596,911
Operating income (loss)		(136,692	)		576,903			447,581		887,792
Depreciation & amortization		680,038			33,851			287,621		1,001,510
Capital expenditures		243,587			12,732			8,770		265,089
Identifiable assets		31,174,473			7,971,050			31,571,727		70,717,250
Goodwill		2,226,837			1,230,485			11,874,961		15,332,283

2012 Year to Date	Printing			Office Products & Furniture			Newspaper			Total
Revenues	$	45,823,145		$	31,441,048		$	10,555,313		$	87,819,506
Elimination of intersegment revenue		(3,350,235	)		(4,309,609	)		-			(7,659,844	)
Consolidated revenues	$	42,472,910		$	27,131,439		$	10,555,313		$	80,159,662
Operating income (loss)		(1,611,758	)		1,656,815			(8,036,689	)		(7,991,632	)
Depreciation & amortization		1,870,455			89,743			863,401			2,823,599
Capital expenditures		437,590			43,022			58,992			539,604
Identifiable assets		27,519,335			7,617,268			12,477,734			47,614,337
Goodwill		2,226,837			1,230,485			-			3,457,322

2011 Year to Date	Printing			Office Products & Furniture			Newspaper		Total
Revenues	$	44,190,431		$	30,000,857		$	10,805,874	$	84,997,162
Elimination of intersegment revenue		(3,584,850	)		(4,808,838	)		-		(8,393,688	)
Consolidated revenues	$	40,605,581		$	25,192,019		$	10,805,874	$	76,603,474
Operating income		248,285			1,395,842			1,672,039		3,316,166
Depreciation & amortization		2,001,807			101,558			855,690		2,959,055
Capital expenditures		758,870			68,189			37,961		865,020
Identifiable assets		31,174,473			7,971,050			31,571,727		70,717,250
Goodwill		2,226,837			1,230,485			11,874,961		15,332,283

A reconciliation of total segment revenues and of total segment operating (loss) income to consolidated (loss) income before income taxes

A reconciliation of total segment revenues and of total segment operating (loss) income to consolidated (loss) income before income taxes, for the three and nine months ended July 31, 2012 and 2011, is as follows:

	Three months						Nine months
	2012			2011			2012			2011
Revenue:
Total segment revenues	$	28,981,197		$	28,228,491		$	87,819,506		$	84,997,162
Elimination of intersegment revenue		(2,640,720	)		(2,631,580	)		(7,659,844	)		(8,393,688	)
Consolidated revenue	$	26,340,477		$	25,596,911		$	80,159,662		$	76,603,474
Operating (loss) income:
Total segment operating (loss) income	$	(294,563	)	$	887,792		$	(7,991,632	)	$	3,316,166
Interest expense - related party		(16,611	)		(16,295	)		(39,000	)		(65,316	)
Interest expense		(1,101,571	)		(906,430	)		(2,720,264	)		(2,640,639	)
Gain on early extinguishment of debt from related party		-			1,337,846			-			1,337,846
Other (expense) income		(10,935	)		15,104			21,188			36,306
Consolidated (loss) income before income taxes	$	(1,423,680	)	$	1,318,017		$	(10,729,708	)	$	1,984,363
Identifiable assets:
Total segment identifiable assets	$	47,614,337		$	70,717,250		$	47,614,337		$	70,717,250
Elimination of intersegment assets		3,603,062			17,444,350			3,603,062			17,444,350
Total consolidated assets	$	51,217,399		$	88,161,600		$	51,217,399		$	88,161,600