Acquisitions, Divestitures and Other Significant Transactions

9 Months Ended

Jul. 31, 2013

Business Combinations [Abstract]

Acquisitions, Divestitures and Other Significant Transactions

NOTE 2 — ACQUISITIONS, DIVESTITURES AND OTHER SIGNIFICANT TRANSACTIONS

The Company completed no acquisitions and no material divestitures for the three months ended July 31, 2013 and 2012 and completed no acquisitions and no material divestitures for the nine months ended July 31, 2013 and 2012. The Company made a $14.3 million deferred cash payment during the nine months ended July 31, 2012 for an acquisition completed in 2010.

The Company allocates purchase price as of the dates of acquisition based upon its understanding, obtained during due diligence and through other sources, of the fair value of the acquired assets and assumed liabilities. If additional information is obtained about these assets and liabilities within the measurement period (not to exceed one year from the date of acquisition), including through asset appraisals and learning more about the newly acquired business, the Company may refine its estimates of fair value to allocate the purchase price more accurately.

Pro Forma Information

The Company completed no acquisitions during the three months ended July 31, 2013 and 2012 and completed no acquisitions during the nine months ended July 31, 2013 and 2012. Therefore, there are no pro forma results of operations to present.