Quarterly Results

12 Months Ended

Oct. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations [Text Block]

Quarterly Results of Operations (Unaudited)

For the Year Ended October 31, 2013	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Revenues	$145,383	$182,146	$166,059	$206,598
Gross profit	11,761	20,387	17,461	22,086
Operating income	4,131	11,508	8,187	10,778
Provision for income taxes	1,101	3,686	2,213	3,605
Net income	$2,583	$7,249	$5,282	$6,456
Net income per share basic	$0.15	$0.43	$0.31	$0.38
Net income per share diluted	$0.15	$0.43	$0.31	$0.38
Weighted average number of shares:
Basic	16,988	16,998	17,007	16,999
Diluted	17,040	17,043	17,051	17,052

For the Year Ended October 31, 2012	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Revenues	$132,371	$162,831	$142,021	$148,851
Gross profit	9,662	16,457	12,160	12,456
Operating income	3,079	9,806	3,933	7,262
Provision for income taxes	1,262	3,351	1,150	3,218
Net income	$1,579	$5,905	$2,416	$3,626
Net income per share basic	$0.09	$0.35	$0.14	$0.22
Net income per share diluted	$0.09	$0.35	$0.14	$0.21
Weighted average number of shares:
Basic	16,765	16,844	16,856	16,857
Diluted	16,856	16,903	16,927	16,934

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 charge recorded in the fourth quarter of fiscal 2013, the Company refined its estimates and assumptions for several asset and liability accounts. As a result, the Company recorded net favorable adjustments of $307 in the fourth quarter of 2013 and unfavorable adjustments of $80 in the fourth quarter of 2012, both net of tax. For fiscal 2013 and 2012, these adjustments were normal recurring adjustments of accrued estimates and adjustments related to sales discounts, inventory valuation, and contingencies.