Valuation and Qualifying Accounts and Reserves

12 Months Ended

Oct. 31, 2011

Valuation and Qualifying Accounts and Reserves [Abstract]

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

Valuation and Qualifying Accounts and Reserves

Versant evaluates and revises its allowance for doubtful accounts receivable as part of its quarter end process at the subsidiary and corporate level. Company management assigns a risk factor and percentage of risk to each account receivable, the collection of which is considered non-routine. Accounts are considered past due in accordance with contractual terms which usually provide for payment within 30 to 90 days. Company management also assigns a general reserve to all its overdue accounts, excluding the non-routine items.

Note 4. Valuation and Qualifying Accounts and Reserves (Continued)

The following table summarizes the activities in the Company’s allowance for doubtful accounts (in thousands):

	Fiscal Year Ended October 31,
	2011		2010			2009
Allowance for doubtful accounts:
Beginning balance	$	8	$	36		$	16
Adjustments to provision	8		(28		)	20
Ending balance	$	16	$	8		$	36