Note 10 - Segment Information and Business and Credit Concentrations

9 Months Ended

Jul. 31, 2021

Notes to Financial Statements

Concentration Risk Disclosure [Text Block]

(10) Segment Information and Business and Credit Concentrations

The Company provides credit, in the normal course of business, to various commercial enterprises, governmental entities and not‑for‑profit organizations. Concentration of credit risk with respect to trade receivables is normally limited due to the Company’s large number of customers. The Company also manages exposure to credit risk through credit approvals, credit limits and monitoring procedures. Management believes that credit risks as of July 31, 2021 have been adequately provided for in the condensed consolidated financial statements. The Company includes all entities under common ownership for the purpose of calculating business concentrations.

For the three months and nine months ended July 31, 2021, 20.9% and 20.0% of consolidated net sales were attributable to one national distributor customer. For the three months and nine months ended July 31, 2020, 16.1% and 13.7% of consolidated net sales was attributable to one national distributor customer.

The Company has a single reportable segment for purposes of segment reporting.