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Variable Interest Entities (Tables)

6 Months Ended

Apr. 30, 2014

Variable Interest Entities Disclosure Table [Abstract]

Summary of the fair value of Eaton Vance CLO IX's assets and liabilities that are subject to fair value accounting

April 30, 2014
		CLO Bank Loan Investments
(in thousands)		Total CLO bank loan investments		90 days or more past due		Senior and subordinated note obligations
Unpaid principal balance	$	183,569	$	500	$	230,261
Unpaid principal balance
under (over) fair value		298		(500)		(13,640)
Fair value	$	183,867	$	0	$	216,621

October 31, 2013
		CLO Bank Loan Investments
(in thousands)		Total CLO bank loan investments		90 days or more past due		Senior and subordinated note obligations
Unpaid principal balance	$	255,474	$	500	$	294,037
Unpaid principal balance
over fair value		(364)		(500)		(14,910)
Fair value	$	255,110	$	0	$	279,127

Summary of the carrying amounts related to Eaton Vance CLO IX that are consolidated on the Company's Balance Sheet

	April 30,		October 31,
(in thousands)	2014		2013
Assets:
Cash and cash equivalents	$	33,374	$	30,462
Bank loans and other investments		189,282		261,529
Other assets		1,476		514
Liabilities:
Senior and subordinated note obligations		216,621		279,127
Other liabilities		340		4,046
Appropriated retained earnings		5,466		7,618
Net interest in Eaton Vance CLO IX	$	1,705	$	1,714

Summary of the fair value of Eaton Vance CLO 2013-1's assets and liabilities that are subject to fair value accounting

April 30, 2014
		CLO Bank Loan Investments
(in thousands)		Total CLO bank loan investments		90 days or more past due		Senior note obligations and redeemable preferred shares
Unpaid principal balance	$	409,653	$	-	$	421,598
Unpaid principal balance (over)
under fair value		2,242		-		(2,405)
Fair value	$	411,895	$	-	$	419,193

October 31, 2013
		CLO Bank Loan Investments
(in thousands)		Total CLO bank loan investments		90 days or more past due
Unpaid principal balance	$	421,830	$	-
Unpaid principal balance
under fair value		2,322		-
Fair value	$	424,152	$	-

Summary of the carrying amounts related to Eaton Vance CLO 2013-1 that are consolidated on the Company's Balance Sheet

	April 30,		October 31,
(in thousands)	2014		2013
Assets:
Cash and cash equivalents	$	33,733	$	6,179
Bank loans and other investments		411,897		424,152
Other assets		7,042		5,300
Liabilities:
Line of credit		-		247,789
Senior note obligations		391,860		-
Redeemable preferred shares		27,333		64,952
Other liabilities		20,750		120,259
Appropriated retained earnings		3,688		2,631
Net interest in Eaton Vance CLO 2013-1	$	9,041	$	-

- Definition

Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided.

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