Valuation and Qualifying Accounts and Reserves

6 Months Ended

Apr. 30, 2012

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. The Company’s 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. The Company also assigns a general reserve to all its overdue accounts, excluding the non-routine items.

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

	Six Months Ended			Fiscal Year Ended
	April 30, 2012			October 31, 2011
	(in thousands)
Allowance for doubtful accounts:
Beginning balance	$	16		$	8
Adjustments to provision	(13		)	8
Ending balance	$	3		$	16

The following table summarizes trade accounts receivable balances in excess of 10% of the Company's total trade accounts receivable as of April 30, 2012 and October 31, 2011 (in thousands): 

	As of April 30, 2012			As of October 31, 2011
Customer A		$	1,098		$	362
Customer B		314			*
Customer C		*			311
Customer D		*			225
* not in excess of 10% of trade accounts receivable