Quarterly report pursuant to sections 13 or 15(d)

Effect Of Recently Issued Pronouncements

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Effect Of Recently Issued Pronouncements
9 Months Ended
Jul. 31, 2011
Effect Of Recently Issued Pronouncements  
Effect Of Recently Issued Pronouncements
7.

EFFECT OF RECENTLY ISSUED PRONOUNCEMENTS

Effective November 1, 2010, we adopted the new FASB Accounting Standards Update ("ASU") No. 2009-13. This ASU amends ASC Subtopic 605-25 to eliminate the requirement that all undelivered elements have Vendor Specific Objective Evidence ("VSOE") or Third-Party Evidence ("TPE") before an entity can recognize the portion of an overall arrangement fee that is attributable to items that already have been delivered. In the absence of VSOE or TPE for one or more delivered or undelivered elements in a multiple-element arrangement, we will be required to estimate the selling prices of those elements that meet the remaining separation criteria. The overall arrangement fee will be allocated to each element based on their relative selling prices, regardless of whether those selling prices are evidenced by VSOE or TPE or are based on the entity's estimated selling price. Additionally, the new guidance will require us to disclose more information about multiple-element revenue arrangements. We will apply this guidance prospectively for revenue arrangements entered into or materially modified after November 1, 2010. The adoption of this guidance did not have a material effect on our condensed consolidated financial statements.