Crystal Rock (CRVP) 10-Q 15 Sep 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Jul. 31, 2014	Sep. 03, 2014
DocumentAndEntityInformationAbstract	'	'
Entity Registrant Name	'Crystal Rock Holdings, Inc.	'
Entity Central Index Key	'0001123316	'
Document Type	'10-Q	'
Document Period End Date	31-Jul-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--10-31	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	21,360,411
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2014	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Jul. 31, 2014	Oct. 31, 2013
ASSETS:	'	'
Cash and cash equivalents	$933,794	$2,089,787
Accounts receivable, trade - net of reserve of $290,487 and $360,734 for 2014 and 2013, respectively	9,620,913	9,249,324
Inventories - net	2,510,247	2,550,593
Current portion of deferred tax asset	370,593	370,593
Other current assets	1,171,425	869,871
TOTAL CURRENT ASSETS	14,606,972	15,130,168
PROPERTY AND EQUIPMENT - net	7,080,805	7,444,869
OTHER ASSETS:	'	'
Goodwill	12,156,790	12,156,790
Other intangible assets - net	2,873,038	3,435,709
Deferred tax asset	66,555	66,555
Other assets	39,000	39,000
TOTAL OTHER ASSETS	15,135,383	15,698,054
TOTAL ASSETS	36,823,160	38,273,091
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'
Line of credit	300,000	0
Current portion of long term debt	1,631,424	1,571,424
Accounts payable	3,009,142	3,768,870
Accrued expenses	2,631,298	2,377,964
Current portion of customer deposits	659,259	653,740
Current portion of unrealized loss on derivatives	25,531	33,539
TOTAL CURRENT LIABILITIES	8,256,654	8,405,537
Long term debt, less current portion	7,333,344	8,511,912
Deferred tax liability	4,425,420	4,425,420
Subordinated debt	10,000,000	10,000,000
Customer deposits	2,552,373	2,520,423
Long term portion of unrealized loss on derivatives	0	11,116
TOTAL LIABILITIES	32,567,791	33,874,408
STOCKHOLDERS' EQUITY:	'	'
Common stock - $.001 par value, 50,000,000 authorized shares, 21,960,229 issued and 21,360,411 outstanding shares as of July 31, 2014 and 21,960,229 issued and 21,364,411 outstanding as of October 31, 2013	21,960	21,960
Additional paid in capital	58,465,735	58,462,497
Treasury stock, at cost, 599,818 shares as of July 31, 2014 and 595,818 shares as of October 31, 2013	-898,618	-894,991
Accumulated deficit	-53,318,389	-53,163,990
Accumulated other comprehensive loss, net of tax	-15,319	-26,793
TOTAL STOCKHOLDERS' EQUITY	4,255,369	4,398,683
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$36,823,160	$38,273,091

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jul. 31, 2014	Oct. 31, 2013
STOCKHOLDERS' EQUITY:	'	'
Common stock, par value	$0.00	$0.00
Common stock, Authorized	50,000,000	50,000,000
Common stock, Issued	21,960,229	21,960,229
Common stock, outstanding	21,360,411	21,364,411
Treasury stock, shares	599,818	595,818

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2014	Jul. 31, 2013
Condensed Consolidated Statements Of Loss Income	'	'	'	'
NET SALES	$19,213,668	$18,351,802	$56,221,151	$52,742,150
COST OF GOODS SOLD	9,568,976	8,378,042	29,497,950	25,298,329
GROSS PROFIT	9,644,692	9,973,760	26,723,201	27,443,821
OPERATING EXPENSES:	'	'	'	'
Selling, general and administrative expenses	7,955,214	7,667,883	24,482,238	24,094,460
Advertising expenses	204,997	207,937	555,901	605,418
Amortization	194,657	239,510	811,373	725,291
(Gain) loss on disposal of property and equipment	-401	-11,372	-5,334	-22,448
TOTAL OPERATING EXPENSES	8,354,467	8,103,958	25,844,178	25,402,721
LOSS FROM OPERATIONS	1,290,225	1,869,802	879,023	2,041,100
OTHER EXPENSE (INCOME):	'	'	'	'
Interest expense	377,864	384,871	1,128,054	1,488,024
Gain on derivatives	0	0	0	-16,505
TOTAL OTHER EXPENSE, NET	377,864	384,871	1,128,054	1,471,519
INCOME (LOSS) BEFORE INCOME TAX EXPENSE	912,361	1,484,931	-249,031	569,581
INCOME TAX EXPENSE (BENEFIT)	346,697	600,643	-94,632	242,192
NET INCOME (LOSS)	$565,664	$884,288	($154,399)	$327,389
NET INCOME (LOSS) PER SHARE - BASIC	$0.03	$0.04	($0.01)	$0.02
NET INCOME (LOSS) PER SHARE - DILUTED	$0.03	$0.04	($0.01)	$0.02
WEIGHTED AVERAGE SHARES USED IN COMPUTATION - BASIC	21,360,411	21,368,218	21,360,470	21,373,946
WEIGHTED AVERAGE SHARES USED IN COMPUTATION - DILUTED	21,360,411	21,368,218	21,360,470	21,373,946

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2014	Jul. 31, 2013
CondensedConsolidatedStatementsOfComprehensiveLossAbstract	'	'	'	'
NET (LOSS) INCOME	$565,664	$884,288	($154,399)	$327,389
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF TAX:	'	'	'	'
Amortization of loss on derivative undesignated as cash flow hedge	0	0	0	15,066
Unrealized gain on derivatives designated as cash flow hedges	6,355	20,865	11,474	41,571
Other Comprehensive Income, net of tax	6,355	20,865	11,474	56,637
TOTAL COMPREHENSIVE INCOME (LOSS)	$572,019	$905,153	($142,925)	$384,026

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	9 Months Ended
	Jul. 31, 2014	Jul. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net income (loss)	($154,399)	$327,389
Adjustments to reconcile net income (loss) to net cash provided by operating activities:	'	'
Depreciation	2,020,758	2,320,639
Provision for bad debts on accounts receivable	195,691	157,622
Amortization	811,373	725,291
Non cash interest expense	0	108,602
Gain on derivatives	0	-16,505
Gain on disposal of property and equipment	-5,334	-22,448
Non cash share-based compensation	3,238	0
Changes in assets and liabilities:	'	'
Accounts receivable	-567,280	-722,811
Inventories	40,346	115,650
Other current assets	-309,204	571,399
Accounts payable	-759,728	113,975
Accrued expenses	253,334	-209,875
Customer deposits	37,469	44,193
NET CASH PROVIDED BY OPERATING ACTIVITIES	1,566,264	3,513,121
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Purchase of property and equipment	-1,595,978	-1,639,691
Proceeds from sale of property and equipment	5,548	27,120
Cash used for acquisitions	-249,632	-85,929
NET CASH USED IN INVESTING ACTIVITIES	-1,840,062	-1,698,500
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Line of credit borrowings	300,000	0
Proceeds from long term debt	0	2,273,000
Principal payments on long term debt	-1,178,568	-4,261,808
Purchase of treasury stock	-3,627	-14,179
NET CASH USED IN FINANCING ACTIVITIES	-882,195	-2,002,987
NET DECREASE IN CASH AND CASH EQUIVALENTS	-1,155,993	-188,366
CASH AND CASH EQUIVALENTS - beginning of period	2,089,787	3,071,277
CASH AND CASH EQUIVALENTS - end of period	933,794	2,882,911
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION	'	'
Cash paid for interest	1,122,326	1,489,681
Cash paid (received) for income taxes	81,126	-465,316
NON-CASH FINANCING AND INVESTING ACTIVITIES:	'	'
Notes payable issued in acquisitions	$60,000	$18,750

1_BASIS_OF_PRESENTATION

1. BASIS OF PRESENTATION	9 Months Ended
	Jul. 31, 2014
Accounting Policies [Abstract]	'
1. Basis Of Presentation	'
	The accompanying unaudited  consolidated financial statements have been prepared in accordance with Form 10-Q instructions and in the opinion of management contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the  consolidated financial position, results of operations, and cash flows for the periods presented.  The results have been determined on the basis of generally accepted accounting principles and practices of the United States of America (“GAAP”), applied consistently with the Annual Report on Form 10-K of Crystal Rock Holdings, Inc. (the “Company”) for the year ended October 31, 2013.
	Certain information and footnote disclosures normally included in audited consolidated financial statements presented in accordance with GAAP have been condensed or omitted.
	The accompanying consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended October 31, 2013.  The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year.
	The financial statements herewith reflect the consolidated operations and financial condition of Crystal Rock Holdings, Inc. and its wholly owned subsidiary Crystal Rock LLC.

2_GOODWILL_AND_OTHER_INTANGIBL

2. GOODWILL AND OTHER INTANGIBLE ASSETS	9 Months Ended
	Jul. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
2. Goodwill and Other Intangilbe Assets	'
		Major components of other intangible assets consisted of:
			31-Jul-14						31-Oct-13
			Gross Carrying Amount		AccumulatedAmortization		Wgt. Avg. Amort.Years		Gross Carrying Amount		AccumulatedAmortization		Wgt. Avg. Amort.Years
	Amortized Intangible Assets:
	Covenants Not to Compete		$	2,506,488	$	2,267,524		2.97	$	2,501,488	$	2,149,155		3.15
	Customer Lists			10,180,708		7,847,494		3.96		9,937,006		7,163,740		4.19
	Other Identifiable Intangibles			548,311		247,451		25.21		548,311		238,201		25.85
	Total		$	13,235,507	$	10,362,469			$	12,986,805	$	9,551,096
		Amortization expense for the three month periods ending July 31, 2014 and 2013 was $194,657 and $239,510, respectively.  Amortization expense for the nine month periods ending July 31, 2014 and 2013 was $811,373 and $725,291, respectively.  There were no changes in the carrying amount of goodwill for the three and nine month periods ending July 31, 2014 and 2013.

3_DEBT

3. DEBT	9 Months Ended
	Jul. 31, 2014
Debt Disclosure [Abstract]	'
3. Debt	'
	On March 13, 2013, the Company amended its Credit Agreement (the “Agreement”) with Bank of America to provide a senior financing facility consisting of term debt and a revolving line of credit.  Under the Agreement, the Company became obligated on $11,000,000 of debt in the form of a term note to refinance the previous senior term debt and to fund repayment of a portion of its outstanding subordinated debt. Additionally, the Agreement includes a $5,000,000 revolving line of credit that can be used for the purchase of fixed assets, to fund acquisitions, to collateralize letters of credit, and for operating capital.
	The Agreement amortizes the term debt over a five year period with 59 equal monthly installments of $130,952 and a final payment of $3,273,832 due in March 2018. The revolving line of credit matures in March 2016.  There are various restrictive covenants under the Agreement, and the Company is prohibited from entering into other debt agreements without the bank’s consent.  The Agreement also prohibits the Company from paying dividends without the prior consent of the bank.
	There was $300,000 outstanding on the line of credit and it collateralized a letter of credit of $1,400,000 as of July 31, 2014.  Consequently, as of that date, there was $3,300,000 available to borrow from the revolving line of credit. There was $8,905,000 outstanding on the term note as of July 31, 2014.
	Under the Agreement, interest is paid at a rate of one-month LIBOR plus a margin based on the achievement of a specified leverage ratio.  As of July 31, 2014, the margin was 2.50% for the term note and 2.25% for the revolving line of credit.  The Company fixed the interest rate on 75% of its term debt by purchasing an interest rate swap as of the date of the Agreement. As of July 31, 2014, the Company had $2,226,000 of the term debt subject to variable interest rates.  The one-month LIBOR was .16% on the last business day of July 2014 resulting in total variable interest rates of 2.66% and 2.41%, for the term note and the revolving line of credit, respectively, as of July 31, 2014.
	The Agreement requires the Company to be in compliance with certain financial covenants at the end of each fiscal quarter.  The covenants include senior debt service coverage as defined of greater than 1.25 to 1, total debt service coverage as defined of greater than 1 to 1, and senior debt to EBITDA of less than 2.50 to 1.  As of July 31, 2014, the Company was in compliance with these covenants and terms of the Agreement.
	Under the Company’s previous agreement with Bank of America (prior to March 13, 2013), the Company was obligated to calculate Consolidated Excess Cash Flow based on its financial results for the fiscal year to determine if additional principal is due on the term note which would have been due in February 2013. Bank of America waived this requirement for the fiscal year ending October 31, 2012 so no payment was due in February 2013.
	In addition to the senior debt, as of July 31, 2014, the Company has subordinated debt owed to Henry, Peter and John Baker in the aggregate principal amount of $10,000,000 that is due October 5, 2018. The interest rate on each of these notes is 12% per annum. In each of December 2012 and March 2013 the Company made separate discretionary payments of $1,500,000 to the subordinated debt holders.
	In April 2014, the Company completed a small acquisition that resulted in the Company issuing a promissory note to the seller in the principal amount of $60,000. Payment is contingent on performance related items and due in full by November 20, 2014.

4_INVENTORIES

4. INVENTORIES	9 Months Ended
	Jul. 31, 2014
Inventory Disclosure [Abstract]	'
4. Inventories	'
	Inventories consisted of the following at:
		July 31,		October 31,
		2014		2013
	Finished Goods	$	2,367,536	$	2,365,586
	Raw Materials		142,711		185,007
	Total Inventories	$	2,510,247	$	2,550,593
	Finished goods inventory consists of products that the Company sells such as, but not limited to, coffee, cups, soft drinks, and snack foods.  Raw material inventory consists primarily of bottle caps.  The amount of raw and bottled water on hand does not represent a material amount of inventory.  The Company estimates that value as of July 31, 2014 and October 31, 2013 to be $41,000 and $50,000, respectively.  This value includes the cost of allocated overhead.  Bottles are accounted for as fixed assets.

5_ONBALANCE_SHEET_DERIVATIVE_I

5. ON-BALANCE SHEET DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	9 Months Ended
	Jul. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
5. On-Balance Sheet Derivative Instruments and Hedging Activities	'
	Derivative Financial Instruments
	The Company has stand-alone derivative financial instruments in the form of interest rate swap agreements, which derive their value from underlying interest rates. These transactions involve both credit and market risk.  The notional amount is an amount on which calculations, payments, and the value of the derivative are based.  The notional amount does not represent direct credit exposure.  Direct credit exposure is limited to the net difference between the calculated amount to be received and paid, if any. Such difference, which represents the fair value of the derivative instrument, is reflected on the Company’s consolidated balance sheet as an unrealized gain or loss on derivatives.
	The Company is exposed to credit-related losses in the event of nonperformance by the counterparties to these agreements.  The Company controls the credit risk of its financial contracts through credit approvals, limits and monitoring procedures, and currently has no reason to believe that any counterparties will fail to fulfill their obligations.
	Risk Management Policies - Hedging Instruments
	The Company uses long-term variable rate debt as a source of funds for use in the Company’s general business purposes.  These debt obligations expose the Company to variability in interest payments due to changes in interest rates.  If interest rates increase, interest expense increases.  Conversely, if interest rates decrease, interest expense decreases.  Management believes it is prudent to limit the variability of a portion of its interest payments and, therefore, generally hedges a portion of its variable-rate interest obligations.  To meet this objective, management enters into interest rate swap agreements whereby the Company receives variable interest rate payments and makes fixed interest rate payments on a portion of its debt.
	On October 5, 2007, the Company entered into an interest rate swap agreement (old swap) in conjunction with an amendment to its credit facility with Bank of America.  The intent of the instrument was to fix the interest rate on at least 75% of the outstanding balance on the term loan (the swapped amount) with Bank of America as required by the facility.  The old swap fixed the interest rate for the swapped amount related to the previous facility at 4.87% and was to mature in January 2014.
	On April 5, 2010, the Company entered into an interest rate swap agreement (offsetting swap) to offset the old swap for which it receives 1.40% of the scheduled balance of the old term loan. The offsetting swap effectively removed any exposure to change in the fair value of the old swap and set a fixed net payment schedule based on the scheduled balance of the old term loan until January 2014 when both swaps were to mature.   In addition, the Company entered into a swap agreement (new swap) to fix the interest rate of up to 75% of the outstanding balance of the term note at 4.76% (2.01% plus the applicable margin, 2.75%).  The term note was re-financed in March 2013 and the new swap matured in April 2013.
	In March 2013, the Company terminated the old and offsetting swaps and settled the remaining liability of $27,670 associated with them. The settlement was expensed during fiscal year 2013. In addition, the Company entered into a new interest rate swap agreement (latest swap) for the purpose of fixing at least 75% of the term loan under the Agreement with Bank of America. The latest swap fixes the rate on at least 75% of the outstanding balance of the term note at 3.18% (.68% plus the applicable margin under the Agreement, 2.50%) until March 2016.
	As of July 31, 2014, the total notional amount of the latest swap agreement was $6,679,000. On that date, the variable rate on the remaining portion of the term note was 2.66%.
	At July 31, 2014, the net unrealized loss or gain relating to interest rate swap was recorded in current liabilities. The current portion is the valuation of the hedging instrument over the next twelve months while the balance of the unrealized loss makes up the long term portion. For the effective portion of the hedge, which is the latest swap at October 31, 2013 and July 31, 2014, changes in the fair value of interest rate swaps designated as hedging instruments to mitigate the variability of cash flows associated with long-term debt are reported in other comprehensive income or loss net of tax effects. The amounts relating to the old swap previously reflected in accumulated other comprehensive income were amortized to earnings over the remaining term of the undesignated cash flow hedge. Payments on the old swap, and receipt of income on the offsetting swap, are reported as gain or loss on derivatives and an adjustment to other comprehensive income or loss net of tax effects.
	The table below details the adjustments to other comprehensive income (loss), on a before-tax and net-of tax basis, for the fiscal quarters ended July 31, 2014 and 2013.
		Before-Tax			Tax			Net-of-Tax
					Expense
	Three Months Ended July 31, 2013
	Gain on interest rate swap	$	24,898		$	(9,959	)	$	14,939
	Reclassification adjustment for loss in income		9,877			(3,951	)		5,926
	Net unrealized gain	$	34,775		$	(13,910	)	$	20,865
	Three Months Ended July 31, 2014
	Gain on interest rate swap	$	1,437		$	(575	)	$	862
	Reclassification adjustment for loss in income		9,155			(3,662	)		5,493
	Net unrealized gain	$	10,592		$	(4,237	)	$	6,355
	The reclassification adjustments of $9,155 and $9,877 represent interest the Company paid in excess of the amount that would have been paid without the interest rate swap agreement during the quarters ended July 31, 2014 and 2013, respectively. These amounts were reclassified from accumulated other comprehensive loss and recorded in consolidated statements of operations as interest expense.  No other material amounts were reclassified during the quarters ended July 31, 2014 and 2013.
	The table below details the adjustments to other comprehensive income (loss), on a before-tax and net-of tax basis, for the nine months ended July 31, 2014 and 2013.
		Before-Tax			Tax Benefit			Net-of-Tax
					(Expense)
	Nine Months Ended July 31, 2013
	Loss on interest rate swap	$	(27,653	)	$	11,061		$	(16,592	)
	Amortization of loss on derivative undesignated as cash flow hedge		25,110			(10,044	)		15,066
	Reclassification adjustment for loss in income		96,938			(38,775	)		58,163
	Net unrealized gain	$	94,395		$	(37,758	)	$	56,637
	Nine Months Ended July 31, 2014
	Loss on interest rate swap	$	(8,907	)	$	3,563		$	(5,344	)
	Reclassification adjustment for loss in income		28,031			(11,213	)		16,818
	Net unrealized gain	$	19,124		$	(7,650	)	$	11,474
	The reclassification adjustments of $28,031 and $96,938 represent interest the Company paid in excess of the amount that would have been paid without the interest rate swap agreements during the nine months ended July 31, 2014 and 2013, respectively. These amounts were reclassified from accumulated other comprehensive loss and recorded in the consolidated statements of operations as interest expense.  No other material amounts were reclassified during the nine months ended July 31, 2014 and 2013.
	In the nine months ended July 31, 2014 the fair value of the swap changed from an unrealized loss on derivative liability of $44,655 at the beginning of the period to $25,531 at the end of the period.  As of July 31, 2014, the estimated net amount of the existing loss that is reported in accumulated other comprehensive loss that is expected to be reclassified into earnings within the next twelve months is $7,829, net of tax.
	During the first nine months of fiscal 2014 and 2013, cash flow hedges were deemed 100% effective.  The only interest rate swap in effect was designated as a cash flow hedge for the three month periods ended July 31, 2014 and 2013 and nine month period ended July 31, 2014 and, therefore, no resulting gain or loss for those respective periods for instruments not designated as cash flow hedges. The net gain on interest rate swaps not designated as cash flow hedges, classified as a gain on derivatives on the Company’s statements of operations, amounted to $16,505 for the nine month periods ended July 31, 2013.

6_FAIR_VALUE_OF_ASSETS_AND_LIA

6. FAIR VALUE OF ASSETS AND LIABILITIES	9 Months Ended
	Jul. 31, 2014
Fair Value Disclosures [Abstract]	'
6. Fair Value of Assets and Liabilities	'
		Fair Value Hierarchy
		The Company had no assets measured at fair value on a recurring basis as of July 31, 2014 or October 31, 2013.  The Company’s liabilities measured at fair value on a recurring basis are as follows:
			Level 1		Level 2		Level 3
	Liabilities:
	31-Jul-14
	Unrealized loss on derivatives		$	-	$	25,531	$	-
	31-Oct-13
	Unrealized loss on derivatives		$	-	$	44,655	$	-
	In determining the fair value, the Company uses a model that calculates a present value of the payments as they amortize through the life of the loan (float) based on the variable rate and compares them to the calculated value of the payment based on the fixed rate (fixed) defined in the swap.  In calculating the present value, in addition to the term, the model relies on other data – the “rate” and the “discount factor.”
	■	In the “float” model, the rate reflects where the market expects LIBOR to be in for the respective period and is based on the Eurodollar futures market.
	■	The discount factor is a function of the volatility of LIBOR.
	Payments are calculated by applying the rate to the notional amount and adjusting for the term. Then the present value is calculated by using the discount factor.
	There were no assets or liabilities measured at fair value on a nonrecurring basis as of July 31, 2014 or October 31, 2013.

7_INCOME_LOSS_PER_SHARE_AND_WE

7. INCOME (LOSS) PER SHARE AND WEIGHTED AVERAGE SHARES	9 Months Ended
	Jul. 31, 2014
Earnings Per Share [Abstract]	'
7. Income (Loss) Per Share And Weighted Average Shares	'
	The Company considers outstanding in-the-money stock options as potential common stock in its calculation of diluted earnings per share, unless the effect would be anti-dilutive, and uses the treasury stock method to calculate the applicable number of shares.  The following calculation provides the reconciliation of the denominators used in the calculation of basic and fully diluted earnings per share:
		Three Months Ended				Nine months Ended
		July 31,				July 31,
		2014		2013		2014			2013
	Net Income (Loss)	$	565,664	$	884,288	$	(154,399	)	$	327,389
	Denominator:
	Basic Weighted Average Shares Outstanding		21,360,411		21,368,218		21,360,470			21,373,946
	Dilutive effect of Stock Options		-		-		-			-
	Diluted Weighted Average Shares Outstanding		21,360,411		21,368,218		21,360,470			21,373,946
	Basic Income (Loss) Per Share	$	0.03	$	0.04	$	(.01	)	$	0.02
	Diluted Income Per (Loss) Share	$	0.03	$	0.04	$	(.01	)	$	0.02
	There were 247,750 and 211,500 options outstanding as of July 31, 2014 and 2013, respectively.
	For the three month periods ended July 31, 2014 and 2013 and the nine month period ending July 31, 2013 there were no options used to calculate the effect of dilution because all of the outstanding options’ exercise prices exceeded the market price of the underlying common shares and were therefore considered anti-dilutive.   For the nine month period ended July 31, 2014 there were no options used to calculate the effect of dilution because the Company had a net loss for the period.  For the nine month period ended July 31, 2013 there were no options used to calculate the effect of dilution because all of the outstanding options’ exercise prices exceeded the market price of the underlying common shares and were therefore considered anti-dilutive.

8_COMPENSATION_PLANS

8. COMPENSATION PLANS	9 Months Ended
	Jul. 31, 2014
Compensation and Retirement Disclosure [Abstract]	'
8. Compensation Plans	'
	The Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of the award. That cost is recognized over the period during which an employee is required to provide services in exchange for the award, the requisite service period (usually the vesting period).  The Company provides an estimate of forfeitures at the initial date of grant.
	The Company has stock-based compensation plans under which incentive and non-qualified stock options and restricted shares are granted.  In April 1998, the Company’s stockholders approved the 1998 Incentive and Non-Statutory Stock Option Plan which was subsequently amended.  This plan provided for issuances of options to purchase the Company’s common stock under the administration of the compensation committee of the Board of Directors.  The intent of the plan was to reward options to officers, employees, directors, and other individuals providing services to the Company.  As of July 31, 2014, there were 75,500 options outstanding under this plan.  As of April 10, 2013, no further options may be granted under the 1998 Plan.
	In April 2004, the Company’s stockholders approved the 2004 Stock Incentive Plan.  The plan provided for issuances of awards of up to 250,000 restricted or unrestricted shares of the Company’s common stock, or incentive or non-statutory stock options to purchase such common stock. Of the total amount of shares authorized under this plan, 172,250 options are outstanding and 26,000 restricted shares have been granted. As of February 18, 2014, no further options may be granted under the 2004 plan.
	In April 2014, the Company’s stockholders approved the 2014 Stock Incentive Plan.  The plan provided for issuances of awards of up to 500,000 restricted or unrestricted shares of the Company’s common stock, or incentive or non-statutory stock options to purchase such common stock. Of the total amount of shares authorized under this plan, no options have been granted and 500,000 shares are available for grant at July 31, 2014.
	The options issued under the plans generally vest in periods up to five years based on the continuous service of the recipient and have 10 year contractual terms.  Share awards generally vest over one year.  Option and share awards provide for accelerated vesting if there is a change in control of the Company (as defined in the plans).
	There were a total of three option grants, for a total of 15,000 shares, that expired or were forfeited in the first nine months of fiscal 2014 and three option grants, for a total of 58,000 shares that expired in the first nine months of fiscal 2013. There were no expirations or forfeitures of option grants in the three month periods ended July 31, 2014 and 2013. Other than the expirations and forfeitures, there was no activity related to stock options and outstanding stock option balances or other equity based compensation during the three and nine month periods ended July 31, 2014 and 2013.  The Company did not grant any equity based compensation during the three and nine months ended July 31, 2014 and 2013.
	The 201,500 outstanding stock options that were exercisable as of July 31, 2014 ranged in exercise size price from $1.80 to $2.36 per share, had a weighted average contractual life of 6 months, weighted average exercise price of $2.33, and no intrinsic value.  Outstanding options were granted with lives of 10 years and provide for vesting over a term of zero to five years.  As of July 31, 2014, there were 46,250 unvested options and there is $22,016 of unrecognized future compensation expense that will be recognized over the next five years based on the vesting period of the options. Compensation is determined using the Black-Scholes model and the simplified method to derive the expected term of the options and historical volatility over the past five years.
	All incentive and non-qualified stock option grants had an exercise price equal to the market value of the underlying common stock on the date of grant.

9_RECENT_ACCOUNTING_PRONOUNCEM

9. RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Jul. 31, 2014
Accounting Changes and Error Corrections [Abstract]	'
9. Recent Accounting Pronouncements	'
	In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-11, Income Taxes (Topic 740:) amending guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, similar tax loss, or tax credit carryforward exists. The guidance requires an unrecognized tax benefit, or a portion of an unrecognized tax benefit, to be presented as a reduction of a deferred tax asset when a net operating loss carryforward, similar tax loss, or tax credit carryforward exists, with certain exceptions. This accounting guidance is effective prospectively for the Company beginning in the first quarter of fiscal year 2015, with early adoption permitted. While the Company is currently evaluating the impact, its adoption is not expected to have a material impact on the Company’s consolidated financial statements.
	In April 2014, the FASB issued an ASU No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity,” which raises the threshold for disposals to qualify as discontinued operations. A discontinued operation is defined as: (1) a component of an entity or group of components that has been disposed of or classified as held for sale and represents a strategic shift that has or will have a major effect on an entity’s operations and financial results; or (2) an acquired business that is classified as held for sale on the acquisition date. ASU 2014-08 also requires additional disclosures regarding discontinued operations, as well as material disposals that do not meet the definition of discontinued operations. It is effective for annual periods beginning on or after December 15, 2014. Early adoption is permitted but only for disposals that have not been reported in financial statements previously issued. The adoption of ASU 2014-08 is not expected to have a material impact on the Company’s net income, financial position or cash flows.
	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which stipulates that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, an entity should apply the following steps: (1) identify the contract(s) with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract and (5) recognize revenue when (or as) the entity satisfies a performance obligation. This update will be effective for fiscal years beginning after December 15, 2016 which for the Company would be the fiscal year beginning November 1, 2017. Early adoption is not permitted. The Company is currently assessing the impact of this update on its operations.

10_SIGNIFICANT_ACCOUNTING_POLI

10. SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Jul. 31, 2014
Accounting Policies [Abstract]	'
10. Significant Accounting Policies	'
	Uncollectible Trade Accounts Receivable - Individual accounts receivable are written off when deemed uncollectible, with any future recoveries recorded as income when received.

1_BASIS_OF_PRESENTATION_Polici

1. BASIS OF PRESENTATION (Policies)	9 Months Ended
	Jul. 31, 2014
Accounting Policies [Abstract]	'
BASIS OF PRESENTATION	'
	The accompanying unaudited  consolidated financial statements have been prepared in accordance with Form 10-Q instructions and in the opinion of management contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the  consolidated financial position, results of operations, and cash flows for the periods presented.  The results have been determined on the basis of generally accepted accounting principles and practices of the United States of America (“GAAP”), applied consistently with the Annual Report on Form 10-K of Crystal Rock Holdings, Inc. (the “Company”) for the year ended October 31, 2013.
	Certain information and footnote disclosures normally included in audited consolidated financial statements presented in accordance with GAAP have been condensed or omitted.
	The accompanying consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended October 31, 2013.  The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year.
	The financial statements herewith reflect the consolidated operations and financial condition of Crystal Rock Holdings, Inc. and its wholly owned subsidiary Crystal Rock LLC.
RECENT ACCOUNTING PRONOUNCEMENTS	'
	In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-11, Income Taxes (Topic 740:) amending guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, similar tax loss, or tax credit carryforward exists. The guidance requires an unrecognized tax benefit, or a portion of an unrecognized tax benefit, to be presented as a reduction of a deferred tax asset when a net operating loss carryforward, similar tax loss, or tax credit carryforward exists, with certain exceptions. This accounting guidance is effective prospectively for the Company beginning in the first quarter of fiscal year 2015, with early adoption permitted. While the Company is currently evaluating the impact, its adoption is not expected to have a material impact on the Company’s consolidated financial statements.
	In April 2014, the FASB issued an ASU No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity,” which raises the threshold for disposals to qualify as discontinued operations. A discontinued operation is defined as: (1) a component of an entity or group of components that has been disposed of or classified as held for sale and represents a strategic shift that has or will have a major effect on an entity’s operations and financial results; or (2) an acquired business that is classified as held for sale on the acquisition date. ASU 2014-08 also requires additional disclosures regarding discontinued operations, as well as material disposals that do not meet the definition of discontinued operations. It is effective for annual periods beginning on or after December 15, 2014. Early adoption is permitted but only for disposals that have not been reported in financial statements previously issued. The adoption of ASU 2014-08 is not expected to have a material impact on the Company’s net income, financial position or cash flows.
	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606), which stipulates that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, an entity should apply the following steps: (1) identify the contract(s) with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract and (5) recognize revenue when (or as) the entity satisfies a performance obligation. This update will be effective for fiscal years beginning after December 15, 2016 which for the Company would be the fiscal year beginning November 1, 2017. Early adoption is not permitted. The Company is currently assessing the impact of this update on its operations.

2_GOODWILL_AND_OTHER_INTANGIBL1

2. GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
	Jul. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Major Components of Intangible Assets	'
		31-Jul-14						31-Oct-13
		Gross Carrying Amount		AccumulatedAmortization		Wgt. Avg. Amort.Years		Gross Carrying Amount		AccumulatedAmortization		Wgt. Avg. Amort.Years
	Amortized Intangible Assets:
	Covenants Not to Compete	$	2,506,488	$	2,267,524		2.97	$	2,501,488	$	2,149,155		3.15
	Customer Lists		10,180,708		7,847,494		3.96		9,937,006		7,163,740		4.19
	Other Identifiable Intangibles		548,311		247,451		25.21		548,311		238,201		25.85
	Total	$	13,235,507	$	10,362,469			$	12,986,805	$	9,551,096

4_INVENTORIES_Tables

4. INVENTORIES (Tables)	9 Months Ended
	Jul. 31, 2014
Inventory Disclosure [Abstract]	'
Schedule of Inventories	'
		July 31,		October 31,
		2014		2013
	Finished Goods	$	2,367,536	$	2,365,586
	Raw Materials		142,711		185,007
	Total Inventories	$	2,510,247	$	2,550,593

5_ONBALANCE_SHEET_DERIVATIVE_I1

5. ON-BALANCE SHEET DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	9 Months Ended
	Jul. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Schedule of Other Comprehensive Income	'
	The table below details the adjustments to other comprehensive income (loss), on a before-tax and net-of tax basis, for the fiscal quarters ended July 31, 2014 and 2013.
		Before-Tax			Tax			Net-of-Tax
					Expense
	Three Months Ended July 31, 2013
	Gain on interest rate swap	$	24,898		$	(9,959	)	$	14,939
	Reclassification adjustment for loss in income		9,877			(3,951	)		5,926
	Net unrealized gain	$	34,775		$	(13,910	)	$	20,865
	Three Months Ended July 31, 2014
	Gain on interest rate swap	$	1,437		$	(575	)	$	862
	Reclassification adjustment for loss in income		9,155			(3,662	)		5,493
	Net unrealized gain	$	10,592		$	(4,237	)	$	6,355
	The table below details the adjustments to other comprehensive income (loss), on a before-tax and net-of tax basis, for the nine months ended July 31, 2014 and 2013.
		Before-Tax			Tax Benefit			Net-of-Tax
					(Expense)
	Nine Months Ended July 31, 2013
	Loss on interest rate swap	$	(27,653	)	$	11,061		$	(16,592	)
	Amortization of loss on derivative undesignated as cash flow hedge		25,110			(10,044	)		15,066
	Reclassification adjustment for loss in income		96,938			(38,775	)		58,163
	Net unrealized gain	$	94,395		$	(37,758	)	$	56,637
	Nine Months Ended July 31, 2014
	Loss on interest rate swap	$	(8,907	)	$	3,563		$	(5,344	)
	Reclassification adjustment for loss in income		28,031			(11,213	)		16,818
	Net unrealized gain	$	19,124		$	(7,650	)	$	11,474

6_FAIR_VALUE_OF_ASSETS_AND_LIA1

6. FAIR VALUE OF ASSETS AND LIABILITIES (Tables) (Fair Value, Measurements, Recurring [Member])	9 Months Ended
	Jul. 31, 2014
Fair Value, Measurements, Recurring [Member]	'
Schedule of Fair Value of Assets and Liabilities	'
		Level 1		Level 2		Level 3
	Liabilities:
	31-Jul-14
	Unrealized loss on derivatives	$	-	$	25,531	$	-
	31-Oct-13
	Unrealized loss on derivatives	$	-	$	44,655	$	-

7_INCOME_LOSS_PER_SHARE_AND_WE1

7. INCOME (LOSS) PER SHARE AND WEIGHTED AVERAGE SHARES (Tables)	9 Months Ended
	Jul. 31, 2014
Earnings Per Share [Abstract]	'
Reconciliation of Denominators Used in Calculation of Basic and Fully Diluted Earnings Per Share	'
		Three Months Ended				Nine months Ended
		July 31,				July 31,
		2014		2013		2014			2013
	Net Income (Loss)	$	565,664	$	884,288	$	(154,399	)	$	327,389
	Denominator:
	Basic Weighted Average Shares Outstanding		21,360,411		21,368,218		21,360,470			21,373,946
	Dilutive effect of Stock Options		-		-		-			-
	Diluted Weighted Average Shares Outstanding		21,360,411		21,368,218		21,360,470			21,373,946
	Basic Income (Loss) Per Share	$	0.03	$	0.04	$	(.01	)	$	0.02
	Diluted Income Per (Loss) Share	$	0.03	$	0.04	$	(.01	)	$	0.02

2_GOODWILL_AND_OTHER_INTANGIBL2

2. GOODWILL AND OTHER INTANGIBLE ASSETS (Details) (USD $)	9 Months Ended	12 Months Ended
	Jul. 31, 2014	Oct. 31, 2013
Carrying Amount-Gross	$13,235,507	$12,986,805
Accumulated Amortization	10,362,469	9,551,096
Covenant Not To Compete	'	'
Carrying Amount-Gross	2,506,488	2,501,488
Accumulated Amortization	2,267,524	2,149,155
Weighted Average Amortized-Years	'2 years 11 months 19 days	'3 years 1 month 24 days
Customer Lists	'	'
Carrying Amount-Gross	10,180,708	9,937,006
Accumulated Amortization	7,847,494	7,163,740
Weighted Average Amortized-Years	'3 years 11 months 16 days	'4 years 2 months 8 days
Other Identifiable Intangibles	'	'
Carrying Amount-Gross	548,311	548,311
Accumulated Amortization	$247,451	$238,201
Weighted Average Amortized-Years	'25 years 2 months 16 days	'25 years 10 months 6 days

2_GOODWILL_AND_OTHER_INTANGIBL3

2. GOODWILL AND OTHER INTANGIBLE ASSETS (Details Narrative) (USD $)	3 Months Ended		9 Months Ended
	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2014	Jul. 31, 2013
Disclosure2.GoodwillAndOtherIntangibleAssetsDetailsNarrativeAbstract	'	'	'	'
Amortization Expense	$194,657	$239,510	$811,373	$725,291

4_INVENTORIES_Details

4. INVENTORIES (Details) (USD $)	Jul. 31, 2014	Oct. 31, 2013
Disclosure4.InventoriesDetailsAbstract	'	'
Finished Goods	$2,367,536	$2,365,586
Raw Materials	142,711	185,007
Total Inventories	$2,510,247	$2,550,593

4_INVENTORIES_Details_Narrativ

4. INVENTORIES (Details Narrative) (USD $)	Jul. 31, 2014	Oct. 31, 2013
Disclosure4.InventoriesDetailsNarrativeAbstract	'	'
Estimated value of Inventory	$41,000	$50,000

5_ONBALANCE_SHEET_DERIVATIVE_I2

5. ON-BALANCE SHEET DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) (USD $)	3 Months Ended		9 Months Ended
	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2014	Jul. 31, 2013
Loss On Interest Rate Swap	'	'	'	'
Before Tax	'	'	($8,907)	($27,653)
Tax Benefit (Expense)	'	'	3,563	11,061
Net of Tax	'	'	-5,344	-16,592
Amortization Of Loss On Derivative Undesignated As Cash Flow Hedge	'	'	'	'
Before Tax	'	'	'	25,110
Tax Benefit (Expense)	'	'	'	-10,044
Net of Tax	'	'	'	15,066
Reclassification Adjustment For Loss In Income	'	'	'	'
Before Tax	9,155	9,877	28,031	96,938
Tax Benefit (Expense)	-3,662	-3,951	-11,213	-38,775
Net of Tax	5,493	5,926	16,818	58,163
Net Unrealized Gain	'	'	'	'
Before Tax	10,592	34,775	19,124	94,395
Tax Benefit (Expense)	-4,237	-13,910	-7,650	-37,758
Net of Tax	6,355	20,865	11,474	56,637
Gain On Interest Rate Swap	'	'	'	'
Before Tax	1,437	24,898	'	'
Tax Benefit (Expense)	-575	-9,959	'	'
Net of Tax	$862	$14,939	'	'

6_FAIR_VALUES_OF_ASSETS_AND_LI

6. FAIR VALUES OF ASSETS AND LIABILITIES (Details) (USD $)	Jul. 31, 2014	Oct. 31, 2013
ASSETS:	'	'
Goodwill	$12,156,790	$12,156,790
Level 1	'	'
Liabilities:	'	'
Unrealized loss on derivatives	0	0
Level 2	'	'
Liabilities:	'	'
Unrealized loss on derivatives	25,531	44,655
Level 3	'	'
Liabilities:	'	'
Unrealized loss on derivatives	$0	$0

7_INCOME_LOSS_PER_SHARE_AND_WE2

7. INCOME (LOSS) PER SHARE AND WEIGHTED AVERAGE SHARES (Details) (USD $)	3 Months Ended		9 Months Ended
	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2014	Jul. 31, 2013
Disclosure7.IncomeLossPerShareAndWeightedAverageSharesDetailsAbstract	'	'	'	'
Net Loss	$565,664	$884,288	($154,399)	$327,389
Denominator:	'	'	'	'
Basic Weighted Average Shares Outstanding	21,360,411	21,368,218	21,360,470	21,373,946
Dilutive effect of Stock Options	0	0	0	0
Diluted Weighted Average Shares Outstanding	21,360,411	21,368,218	21,360,470	21,373,946
Basic Loss Per Share	$0.03	$0.04	($0.01)	$0.02
Diluted Loss Per Share	$0.03	$0.04	($0.01)	$0.02

7_INCOME_LOSS_PER_SHARE_AND_WE3

7. INCOME (LOSS) PER SHARE AND WEIGHTED AVERAGE SHARES (Detail Narrative)	Jul. 31, 2014	Oct. 31, 2013
Disclosure7.IncomeLossPerShareAndWeightedAverageSharesDetailNarrativeAbstract	'	'
Options outstanding	247,750	211,500