XML 44 R16.htm IDEA: XBRL DOCUMENT v2.4.1.9
Business and Credit Concentrations
12 Months Ended
Oct. 31, 2014
Risks and Uncertainties [Abstract]  
Business and Credit Concentrations

(10) Business and Credit Concentrations

 

Export sales were approximately 49% and 43% of net sales for the years ended October 31, 2014 and 2013, respectively. The principal international markets served by the Company, include Canada, China, Mexico, United Kingdom, India, Korea, Japan, Russia, Saudi Arabia, and Brazil. In 2014, three customers accounted for 15.4%, 10.2% and 9.4% of net sales, respectively, while in 2013, three customers accounted for 17.3%, 13.6% and 13.2% of net sales, respectively. In 2014, 23.4% of the Company’s total sales were to Saudi Arabia and in 2013, 13.2% of the Company’s total sales were to Saudi Arabia. Two customers accounted for 40.2%, and 20.2% respectively, of the Company’s accounts receivable at October 31, 2014 and two customers accounted for 60.8%, and 17.1%, respectively, of the Company accounts receivable at October 31, 2013.