Lease Obligations

12 Months Ended

Oct. 31, 2011

Lease Obligations [Abstract]

Leases of Lessee Disclosure [Text Block]

Lease Obligation

Lease commitments

Versant’s principal commitments as of October 31, 2011 consist of obligations under operating leases for facilities and equipment.

Versant leases office space for its U.S. headquarters in Redwood City, California and also leases field office space in Hamburg and Munich, Germany under multi-year operating lease agreements. The Company's operating lease arrangements as of October 31, 2011 are summarized below:

Leased Office Facility:	Lease Expiration Date	Total Rent Payable over the Remaining Lease Term		Options to Renew at Fair Value
Hamburg, Germany	11/30/2014	$	548,000	Two three year renewal options
Redwood City, California	5/31/2013	$	323,000	Single one year renewal option
Munich, Germany	2/28/2014	$	64,000	Single two year renewal option

Consolidated rent expense in fiscal years ended October 31, 2011, 2010 and 2009, was approximately $397,000, $427,000 and $507,000, respectively.

Our minimum commitments under non-cancelable operating leases as of October 31, 2011 are as follows (in thousands):
	Facilities Leases		Equipment Leases			Total
Fiscal year ending October 31,
2012	$	407		$	5	$	412
2013	326			2		328
2014	187			—		187
2015	15			—		15
Total	$	935		$	7	$	942

On November 3, 2011, the Company entered into an amendment of its office building lease in Redwood City, California leasing approximately 2,500 square feet of additional space for the thirty months ending May 31, 2014. The total rent payable over the lease term is approximately $252,000.