Quarterly Results of Operations

12 Months Ended

Oct. 31, 2011

Quarterly Results of Operations (Unaudited) [Abstract]

Quarterly Financial Information [Text Block]

Quarterly Results of Operations (Unaudited)

October 31, 2011	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Revenues	$108,790	$137,046	$128,191	$143,716
Gross profit	6,345	11,596	9,249	11,746
Operating income	1,268	5,777	3,175	4,612
Net income	507	3,449	1,691	2,198
Net income per share basic	0.03	0.21	0.10	0.13
Net income per share diluted	0.03	0.20	0.10	0.13
Weighted average number of shares:
Basic	16,634	16,729	16,753	16,760
Diluted	16,847	16,868	16,863	16,842

October 31, 2010	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Revenues	$97,890	$117,836	$114,859	$126,687
Gross profit	5,031	11,055	8,829	9,747
Operating income	481	5,739	4,025	(335)
Net income (loss)	(535)	3,088	2,037	(729)
Net income (loss) per share basic	(0.03)	0.19	0.12	(0.04)
Net income (loss) per share diluted	(0.03)	0.19	0.12	(0.04)
Weighted average number of shares:
Basic	16,504	16,524	16,544	16,558
Diluted	16,504	16,654	16,754	16,558

In preparing the Company's financial statements in accordance with accounting principles generally accepted in the United States of America, management has made assumptions and estimates that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Not considering the asset impairment and restructuring charges recorded in the fourth quarters of fiscal 2011 and fiscal 2010, during the fourth quarter of fiscal 2011 and 2010, the Company refined its estimates and assumptions for several asset and liability accounts. As a result, the Company recorded net favorable adjustments of $288 and $418, net of tax, in the fourth quarters of fiscal 2011 and 2010. For fiscal 2011 and 2010, these adjustments were normal recurring adjustments of accrued estimates and adjustments related to sales discounts, inventory valuation, pension and contingencies.