Note 3 - Financial Instruments

12 Months Ended

Oct. 31, 2011

Fair Value Disclosures [Text Block]

3. FINANCIAL INSTRUMENTS

Fair value disclosures of financial instruments. As discussed in Note 1, we utilize a three level hierarchy that defines the assumptions used to measure certain assets and liabilities at fair value.

Cash and cash equivalents, accounts receivable, the current portion of our investment in sales-type leases and notes receivable are not presented in the table below as their carrying value approximates fair value due to their short term nature.  It is impracticable to estimate the fair value of the long-term portion of our investment in sales-type leases and notes receivable as it is comprised of many insignificant balances, customers with different credit profiles and various interest rates.  The fair value of our Revolver as of October 31, 2011 has been calculated based on market borrowing rates available as of October 31, 2011 for debt with similar terms and maturities. The fair value of our Revolver approximates the carrying value as of October 31, 2010 as we closed on the Senior Secured Revolving Credit Facility on October 29, 2010.   The following table provides the fair value measurement information about the Company’s long-term debt as of October 31, 2011.

	Carrying Value		Fair Value		Carrying Value		Fair Value		Fair Value
	October 31, 2011		October 31, 2011		October 31, 2010		October 31, 2010		Hierarchy
	(In thousands)
Revolver	$	37,446	$	37,679	$	65,445	$	65,445	Level 2
Total	$	37,446	$	37,679	$	65,445	$	65,445