Due From Factor

6 Months Ended

Apr. 30, 2012

Due From Factor [Abstract]

DUE FROM FACTOR

4. DUE FROM FACTOR

Due from factor consists of the following:

	April 30, 2012		October 31, 2011
Outstanding accounts receivable sold to factor	$	10,336	$	12,667
Less: allowances		(6,465)		(6,952)
Less: advances from factor		-		(4,778)
	$	3,871	$	937

Outstanding accounts receivable sold to the factor as of April 30, 2012 and October 31, 2011 for which the Company retained credit risk amounted to $0.4 million and $2.0 million, respectively. As of April 30, 2012 and October 31, 2011, allowances for uncollectible accounts were not significant.

A summary of the changes in price protection and other customer sales incentive allowances included as a reduction of the amounts due from factor is presented below:

		0000000		0000000
	Six Months Ended April 30,
	2012		2011
Allowances — beginning of period	$	(6,952)	$	(3,298)
Provision for price protection		(3,006)		(2,202)
Amounts charged against allowance and other changes		3,493		(319)
Allowances — end of period	$	(6,465)	$	(5,819)