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Separation Accrual
 3 Months Ended
Jan. 31, 2014
Separation Accrual [Abstract]  
Separation Accrual

 

 

(9)Separation Accrual

 

During the first quarter of fiscal 2013, the Company incurred a charge of $29,000 included in general and administrative expenses, consisting of an accrual of separation payments for the former chief financial officer of $56,000, reduced by the effect of forfeitures of previously expensed unvested restricted stock awards.

 

The following table reconciles activity for accrued separation expenses for the following periods.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months ended January 31,

(In thousands)

 

2014

 

2013

Balance, beginning of period

 

$
97 

 

$
343 

Severance incurred during the period

 

 

 —

 

 
56 

Severance payments

 

 
(40)

 

 
(178)

Balance, end of period (included in
    employee compensation accrual)

 

$
57 

 

$
221