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Industry Segment Information (Tables)
12 Months Ended
Oct. 31, 2012
Industry Segment Information [Abstract]  
Schedule of segment reporting information, by segment
The table below presents information about reported segments for the years ended October 31:
2012
 
 Printing
 
 Office Products & Furniture
 
 
 Newspaper
 
 
 Total
 
Revenues from continuing operations
 
$
                                      60,204,947
 
$
 40,606,947
 
 
$
 13,991,752
 
 
$
 114,803,646
 
Elimination of intersegment revenue
 
 (4,758,471
 (5,631,460
 
 -
 
 
 (10,389,931
Consolidated revenue from continuing operations
 
$
                               55,446,476
 
$
 
 34,975,487
 
 
$
 13,991,752
 
 
$
 104,413,715
 
Operating (loss) income  from continuing operations
 
 (1,832,029
 1,915,331
 
 
 (9,008,778
)
 
 (8,925,476
Depreciation & amortization
 
 2,426,059
 
 113,671
 
 
 1,129,561
 
 
 3,669,291
 
Capital expenditure
 
 646,728
 
 50,469
 
 
 58,992
 
 
 756,189
 
Identifiable assets
 
25,738,617
 
 7,077,977
 
 
 12,444,717
 
 
45,261,311
 
 Goodwill
 
 2,226,837
 
 1,230,485
 
 
 -
 
 
 3,457,322
 
 
 
 
 
 
 
 
 
 
 
 
 
2011
 
Printing
 
Office Products & Furniture
 
 
Newspaper
 
 
Total
 
Revenues from continuing operations
 
$
60,626,443
 
$
41,098,106
 
 
$
14,589,210
 
 
$
116,313,759
 
Elimination of intersegment revenue
 
 
 (5,249,556
 
 
 (6,552,373
 
 
-   
 
 
 
 (11,801,929
Consolidated revenues from continuing operations
 
$
55,376,887
 
$
34,545,733
 
 
$
14,589,210
 
 
$
104,511,830
 
Operating (loss) income from continuing operations
 
 
(500,704
 
 
2,397,703
 
 
 
(6,342,018
 
 
(4,445,019
Depreciation & amortization
 
 
2,688,378
 
 
 
135,426
 
 
 
1,141,709
 
 
 
3,965,513
 
Capital expenditures
 
 
1,199,163
 
 
 
77,336
 
 
 
54,178
 
 
 
1,330,677
 
Identifiable assets
 
 
28,304,364
 
 
 
9,151,757
 
 
 
25,438,732
 
 
 
62,894,853
 
Goodwill
 
 
2,226,837
 
 
 
1,230,485
 
 
 
9,510,933
 
 
 
12,968,255
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2010
 
Printing
 
Office Products & Furniture
 
 
Newspaper
 
 
Total
 
Revenues from continuing operations
 
$
66,541,632
 
$
39,691,717
 
 
$
15,332,671
 
 
$
121,566,020
 
Elimination of intersegment revenue
 
 
(9,136,312
)
 
 
 (6,254,129
)
 
 
-
 
 
 
 (15,390,441
)
Consolidated revenues from continuing operations
 
$
57,405,320
 
$
33,437,588
 
 
$
15,332,671
 
 
$
106,175,579
 
Operating income (loss) from continuing operations
 
 
(559,261
 
 
2,055,990
 
 
 
3,163,387
 
 
 
4,660,116
 
Depreciation & amortization
 
 
2,795,377
 
 
 
131,529
 
 
 
1,135,901
 
 
 
4,062,807
 
Capital expenditures
 
 
702,491
 
 
 
53,556
 
 
 
59,496
 
 
 
815,543
 
Identifiable assets
 
 
32,143,086
 
 
 
8,806,943
 
 
 
35,551,679
 
 
 
76,501,708
 
Goodwill
 
 
2,226,837
 
 
 
1,230,485
 
 
 
11,874,961
 
 
 
15,332,283
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reconciliation of total segment revenue, assets and operating (loss) income
A reconciliation of total segment revenue, assets and operating (loss) income  to consolidated (loss) income before income taxes for the years ended October 31, 2012, 2011 and 2010 is as follows:
 
 
 
 2012
 
2011
 
 
2010
 
 
Revenues:
 
 
 
 
 
 
 
 
 
Total segment revenues
$
 114,803,646
 
$
116,313,759
 
 
$
121,566,020
 
 
Elimination of intersegment revenue
 
 (10,389,931
)
 
(11,801,929
)
 
 
(15,390,441
)
 
Consolidated revenue from continuing operations
$
 104,413,715
 
$
104,511,830
 
 
$
106,175,579
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating (loss) income from continuing operations:
 
 
 
 
 
 
 
 
 
 
 
Total segment operating (loss) income from continuing operations
$
 (8,925,476
)
$
(4,445,019
 
$
4,660,116
 
 
    Interest expense - related party
 
 (57,733
)
 
 (65,316
 
 
(82,334
 
Interest expense
 
 (3,738,725
 
(3,553,031
)
 
 
 (5,060,437
)
 
    Gain on early extinguishment of debt from a related party
 
 -
 
 
1,337,846
 
 
 
-
 
 
Other income (loss)
 
 (13,117
)
 
50,410
 
 
 
952,018
 
 
Consolidated (loss) income before income taxes from continuing operations
$
 (12,735,051
)
$
(6,675,110
)
 
$
469,363
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Identifiable assets:
 
 
 
 
 
 
 
 
 
 
 
Total segment identifiable assets
$
45,261,311
 
$
62,894,853
 
 
$
76,501,708
 
 
Elimination of intersegment assets
 
 2,705,280
 
 
19,129,429
 
 
 
15,950,954
 
 
Total consolidated assets
$
 47,966,591
 
$
 82,024,282
 
 
$
92,452,662