Recently issued accounting standards

9 Months Ended

Jul. 31, 2011

Recently issued accounting standards [Abstract]

Recently issued accounting standards

7. Recently issued accounting standards. In June 2011, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update that amends current comprehensive income guidance. This accounting update eliminates the option to present the components of other comprehensive income as part of the statement of shareholders’ equity. Instead, we must report comprehensive income in either a single continuous statement of comprehensive income which contains two sections, net income and other comprehensive income, or in two separate but consecutive statements. This guidance will be effective beginning in 2013. This guidance is not expected to impact our consolidated financial statements, as it only requires a change in the format of presentation.