LONG-TERM DEBT (Tables)

12 Months Ended

Oct. 31, 2011

Long Term Debt Tables [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

 Long-term debt consists of the following:

	As of October 31,
	2011			2010
Borrowings under revolving credit facility	$	36,000,000		$	14,000,000
Capital leases and notes payable		4,158,000			221,000
		40,158,000			14,221,000
Less: Current maturities of long-term debt		(335,000	)		(148,000	)
	$	39,823,000		$	14,073,000

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

Schedule of estimated future minimum lease payments

 

Year ending October 31,
2012	$	455,000
2013		455,000
2014		455,000
2015		455,000
2016		455,000
Thereafter		2,790,000
Total minimum lease payments		5,065,000
Less: amount representing interest		(1,003,000	)
Present value of minimum lease payments	$	4,062,000