401(k) Savings Plan

12 Months Ended

Oct. 31, 2015

401(k) Savings Plan [Abstract]

401(k) Savings Plan

(13)401(k) Savings Plan

Substantially all domestic employees are eligible to participate in the 401(k) Savings Plan (“Savings Plan”).  Employees may make pre-tax voluntary contributions to their individual accounts up to a maximum of 50% of their aggregate compensation, but not more than currently allowable limits established by the Internal Revenue Service.  The Savings Plan permits matching and discretionary employer contributions.  The Company matches 50% of the first 6% of an employee’s annual compensation.  Company contributions to the Savings Plan were $230,000 and $228,000 for the years ended October 31, 2015 and 2014, respectively.