Description Of Business

12 Months Ended

Oct. 31, 2012

Description Of Business [Abstract]

Description Of Business

(1)Description of Business

The consolidated financial statements include the accounts of MGC Diagnostics Corporation and its wholly-owned subsidiary Medical Graphics Corporation.  All inter-company transactions and balances have been eliminated in consolidation.

MGC Diagnostics Corporation (the “Company”) through its Medical Graphics Corporation subsidiary, designs and markets non-invasive cardiorespiratory diagnostic products that are sold under the MGC Diagnostics and MedGraphics brand and trade names.  These cardiorespiratory diagnostic products have a wide range of applications within cardiorespiratory healthcare.

Revenues consist of equipment, supply and accessory sales and services revenues.  Equipment, supply and accessory sales reflect sales of non-invasive cardiorespiratory diagnostic system equipment and software, and aftermarket sales of software, peripherals and supplies.  Service revenues reflect contract revenues from extended warranties, non-warranty service visits and training.