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Related Party Transactions
12 Months Ended
Oct. 31, 2011
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

18. RELATED PARTY TRANSACTIONS

The Company currently has an agreement with Morris Sutton, the Company’s former Chief Executive Officer and Chairman Emeritus, under which he provides services as a consultant. The agreement provides for a monthly retainer of $13. Mr. Sutton was also eligible to receive a commission in an amount equal to 2% of net sales to certain accounts before January 1, 2010. Commissions were recorded when the sales occurred, but were not paid until payments of the related accounts receivable were received from customers. Consulting expenses for the year ended October 31, 2009 include $28 of fees earned in each of November and December of 2008 under Mr. Sutton’s prior agreement which expired on December 31, 2008.

The following table summarizes expense to Morris Sutton,:

 

                         
    Year Ended
October 31,
 
    2011     2010     2009  

Consulting

  $ 150     $ 150     $ 213  

Commissions

    —         131       189  
   

 

 

   

 

 

   

 

 

 

Total

  $ 150     $ 281     $ 402  
   

 

 

   

 

 

   

 

 

 

In 2011, the Company purchased Zumba belts from a second supplier, on terms equivalent to those of its primary supplier. Morris Sutton and another relative of Jesse Sutton, the Company’s President and Chief Executive Officer, earned compensation from the supplier of approximately $260 based on the value of Company’s purchases.

The Company entered into an agreement with a Board member, effective March 2010, to provide specified strategic consulting services, in addition to his services as a board member, on a month-to-month basis at a monthly rate of $10. For the years ended October 31, 2011 and 2010, consulting fees incurred under the agreement amounted to $120 and $73, respectively. The Company had accounts payable and accrued expenses of approximately $10 and $0 as of October 31, 2011 and 2010, respectively, under the agreement.