Crystal Rock (CRVP) 10-Q 16 Mar 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jan. 31, 2016	Mar. 09, 2016
DocumentAndEntityInformationAbstract
Entity Registrant Name	Crystal Rock Holdings, Inc.
Entity Central Index Key	1,123,316
Document Type	10-Q
Document Period End Date	Jan. 31, 2016
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		21,358,411
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,016

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jan. 31, 2016	Oct. 31, 2015
ASSETS:
Cash and cash equivalents	$ 3,535,230	$ 3,091,471
Accounts receivable, trade - net of reserve of $290,031 and $306,140 for 2015 and 2014, respectively	8,752,094	9,215,042
Inventories	2,518,916	2,611,681
Current portion of deferred tax asset	461,550	461,550
Other current assets	725,530	888,957
TOTAL CURRENT ASSETS	15,993,320	16,268,701
PROPERTY AND EQUIPMENT - net	6,583,860	6,869,986
OTHER ASSETS:
Goodwill	12,156,790	12,156,790
Other intangible assets - net	2,005,962	2,165,234
Deferred tax asset	145,110	145,110
Other assets	39,000	39,000
TOTAL OTHER ASSETS	14,346,862	14,506,134
TOTAL ASSETS	36,924,042	37,644,821
LIABILITIES AND STOCKHOLDERS' EQUITY
Current portion of long term debt	1,599,996	1,599,996
Accounts payable	3,093,328	3,149,964
Accrued expenses	1,939,096	2,490,752
Current portion of customer deposits	672,510	668,472
Current portion of unrealized loss on derivatives	33,072	8,912
TOTAL CURRENT LIABILITIES	7,338,002	7,918,096
Long term debt, less current portion	9,333,340	9,733,339
Deferred tax liability	4,150,506	4,150,506
Subordinated debt	9,546,480	9,270,000
Customer deposits, less current portion	2,622,509	2,602,891
Long term portion of unrealized loss on derivatives	22,050	0
TOTAL LIABILITIES	33,012,887	$ 33,674,832
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Common stock - $.001 par value, 50,000,000 authorized shares, 21,960,229 issued and 21,358,411 outstanding shares as of January 31, 2016 and October 31, 2015	21,960	$ 21,960
Additional paid in capital	58,462,496	58,464,076
Treasury stock, at cost, 601,818 shares as of January 31, 2016 and October 31, 2015	(900,360)	(900,360)
Accumulated deficit	(53,639,867)	(53,610,339)
Accumulated other comprehensive loss	(33,074)	(5,348)
TOTAL STOCKHOLDERS' EQUITY	3,911,155	3,969,989
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 36,924,042	$ 37,644,821

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jan. 31, 2016	Oct. 31, 2015
STOCKHOLDERS' EQUITY:
Common stock, par value	$ 0.001	$ 0.001
Common stock, Authorized	50,000,000	50,000,000
Common stock, Issued	21,960,229	21,960,229
Common stock, outstanding	21,358,411	21,358,411
Treasury stock, shares	601,818	601,818

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME (Unaudited) - USD ($)	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Condensed Consolidated Statements Of Loss Income
NET SALES	$ 16,131,560	$ 17,697,928
COST OF GOODS SOLD	8,542,117	9,663,461
GROSS PROFIT	7,589,443	8,034,467
OPERATING EXPENSES:
Selling, general and administrative expenses	6,948,863	7,949,302
Advertising expenses	135,969	253,978
Amortization	159,272	184,723
Gain on disposal of property and equipment	(3,300)	(49,821)
TOTAL OPERATING EXPENSES	7,240,804	8,338,182
INCOME (LOSS) FROM OPERATIONS	348,639	(303,715)
OTHER EXPENSE:
Interest expense	397,445	384,366
LOSS BEFORE INCOME TAXES	(48,806)	(688,081)
INCOME TAX BENEFIT	(19,278)	(261,471)
NET LOSS	$ (29,528)	$ (426,610)
NET LOSS PER SHARE - BASIC	$ 0	$ (0.02)
NET LOSS PER SHARE - DILUTED	$ 0	$ (0.02)
WEIGHTED AVERAGE SHARES USED IN COMPUTATION - BASIC	21,358,411	21,358,411
WEIGHTED AVERAGE SHARES USED IN COMPUTATION - DILUTED	21,358,411	21,358,411

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Condensed Consolidated Statements Of Comprehensive Income
NET (LOSS) INCOME	$ (29,528)	$ (426,610)
Cash Flow Hedges:
Unrealized (loss) gain on derivatives designated as cash flow hedges	(27,726)	2,894
Other Comprehensive (Loss) Income, net of tax	(27,726)	2,894
TOTAL COMPREHENSIVE (LOSS) INCOME	$ (57,254)	$ (423,716)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (29,528)	$ (426,610)
Adjustments to reconcile net loss to net cash provided (used) by operating activities:
Depreciation	681,764	689,222
Provision for bad debts on accounts receivable	48,654	76,797
Amortization	159,272	184,723
Non cash interest expense	276,480	0
Gain on disposal of property and equipment	(3,300)	(49,821)
Non cash share-based compensation	(1,580)	971
Changes in assets and liabilities:
Accounts receivable	414,294	(160,858)
Inventories	92,765	(272,062)
Other current assets	181,911	(194,235)
Accounts payable	(56,636)	(447,904)
Accrued expenses	(551,656)	(405,436)
Customer deposits	23,656	(4,713)
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES	1,236,096	(1,009,926)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(395,638)	(652,010)
Proceeds from sale of property and equipment	3,300	59,474
NET CASH USED IN INVESTING ACTIVITIES	(392,338)	(592,536)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net line of credit borrowings	0	441,853
Principal payments on debt	(399,999)	(448,092)
NET CASH USED IN FINANCING ACTIVITIES	(399,999)	(6,239)
NET INCREASE (DECREASE) IN CASH	443,759	(1,608,701)
CASH AND CASH EQUIVALENTS - beginning of period	3,091,471	1,841,044
CASH AND CASH EQUIVALENTS - end of period	3,535,230	232,343
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	112,720	383,568
Cash paid for taxes	6,450	2,575
NON-CASH FINANCING AND INVESTING ACTIVITIES:
Accrued interest added to subordinated debt principal	$ 276,480	$ 0

1. BASIS OF PRESENTATION

1. BASIS OF PRESENTATION	3 Months Ended
	Jan. 31, 2016
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, 2015. 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, 2015. 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	3 Months Ended
	Jan. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
2. Goodwill and Other Intangilbe Assets	Major components of intangible assets consisted of: January 31, 2016 October 31, 2015 Gross Carrying Amount Accumulated Amortization Wgt. Avg. Amort. Years Gross Carrying Amount Accumulated Amortization Wgt. Avg. Amort. Years Amortized Intangible Assets: Covenants Not to Compete $ 2,536,488 $ 2,395,498 2.31 $ 2,536,488 $ 2,382,570 2.54 Customer Lists 10,313,819 8,777,939 2.71 10,313,819 8,639,685 2.95 Other Identifiable Intangibles 608,393 279,301 23.76 608,393 271,211 24.00 Total $ 13,458,700 $ 11,452,738 $ 13,458,700 $ 11,293,466 Amortization expense for the three month periods ending January 31, 2016 and 2015 was $159,272 and $184,723, respectively. There were no changes in the carrying amount of goodwill for the three month periods ending January 31, 2016 and 2015.

3. DEBT

3. DEBT	3 Months Ended
	Jan. 31, 2016
Debt Disclosure [Abstract]
3. Debt	On May 20, 2015 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 $12,000,000 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 $133,333 and a final payment of $4,133,333 due in May 2020. The revolving line of credit matures in May 2018. 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. At January 31, 2016, there was no balance outstanding on the line of credit and a letter of credit issued for $1,420,000 to collateralize the Company's liability insurance program as of that date. Consequently, as of January 31, 2016, there was $3,580,000 available to borrow from the revolving line of credit. There was $10,933,000 outstanding on the term note as of January 31, 2016. On September 16, 2015, the Company amended its Credit Agreement with Bank of America (as so amended, the "Amendment"), effective as of July 31, 2015. Under the Amendment, interest is paid at a rate of one-month LIBOR plus a margin based on the achievement of a specified leverage ratio. As of January 31, 2016, the margin was 3.50% for the term note and 3.25% for the revolving line of credit. Previously, in March 2013, the Company entered into an interest rate swap agreement, "old swap", for the purpose of fixing a portion of the term loan under the Third Amendment Agreement with Bank of America dated March 13, 2013. As of January 31, 2016, the Company had $6,022,000 of the term debt subject to variable interest rates. The one-month LIBOR was .4295% on the last business day of January 2016 resulting in total variable interest rates of 3.9295% and 3.6795%, for the term note and the revolving line of credit, respectively, as of January 31, 2016. The Amendment requires the Company to be in compliance with certain financial covenants at the end of each quarter. The covenants include rolling four quarter EBITDA of $3,350,000 as of January 31, 2016 and minimum liquidity (as defined) of at least $1,000,000. The Amendment also requires specific EBITDA goals each quarter through the quarter ending October 31, 2016 and minimum liquidity (as defined) of no less than $1,000,000 through January 30, 2017. As of January 31, 2016, the Company was in compliance with these covenants and the terms of the Amendment. Effective for the quarter ending January 31, 2017, the quarterly covenants will include senior debt service coverage as defined of greater than 1.25 to 1, total debt service coverage, as defined, of greater than 1.05 to 1, and senior debt to EBITDA of less than 2.50 to 1. The Amendment also restricts payments of interest on Subordinated Notes and Company acquisitions until certain conditions are met. In addition to the senior debt, as of January 31, 2016, the Company has subordinated debt owed to Henry, Peter and John Baker in the aggregate principal amount of $9,546,000 that is due November 20, 2020. The interest rate on each of these notes is 12% per annum. On September 16, 2015, the Company amended its Subordinated Notes held by these related parties. As required by the Bank of America Amendment, future interest payments on the notes will not be paid but will be added to the principal balance of the Subordinated Notes as of the date the payment is due until the following conditions are met; (1) the ratio of consolidated operating cash flow to consolidated total debt service is not less than 1.2 to 1 and (2) the Company has historical consolidated EBITDA of greater than $6,000,000 for two consecutive reference periods. As of January 31, 2016, $546,000 of accrued interest had been added to the principal balance of the Subordinated Notes.

4. INVENTORIES

4. INVENTORIES	3 Months Ended
	Jan. 31, 2016
Inventory Disclosure [Abstract]
4. Inventories	Inventories consisted of the following at: January 31, 2016 October 31, 2015 Finished Goods $ 2,341,289 $ 2,453,974 Raw Materials 177,627 157,707 Total Inventories $ 2,518,916 $ 2,611,681 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 January 31, 2016 and October 31, 2015 to be $59,000 and $65,000, respectively. This value includes the cost of allocated overhead. Bottles are accounted for as fixed assets.

5. ON-BALANCE SHEET DERIVATIVE

5. ON-BALANCE SHEET DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	3 Months Ended
	Jan. 31, 2016
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. These interest rate swap agreements are considered cash flow hedges to hedge against the variability of interest rates on outstanding debt. The net unrealized loss relating to interest rate swaps was recorded in current and long term liabilities with an offset to other comprehensive income for the effective portion of the hedge. At January 31, 2016, these cash flow hedges were deemed 100% effective. The portion of the net unrealized loss in current liabilities is the amount expected to be reclassified to income within the next twelve months. For more details regarding the Company's derivative hedging polices refer to Note 2, Significant Accounting Policies, in the financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended October 31, 2015. The following information pertains to the Company's outstanding interest rate swaps at January 31, 2016. The pay rate is fixed and the receive rate is one month LIBOR. Instrument Notional Amount Receive Rate Pay Rate Interest rate swap $5,333,335 1.25% 0.4295% Interest rate swap $4,911,000 0.68% 0.4295% 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 January 31, 2016 and 2015. Before-Tax Tax (Benefit) Expense Net-of-Tax Three Months Ended January 31, 2015 Loss on interest rate swap $ (3,295 ) $ 1,318 $ (1,977 ) Reclassification adjustment for loss in income 8,119 (3,248 ) 4,871 Net unrealized gain $ 4,824 $ (1,930 ) $ 2,894 Three Months Ended January 31, 2016 Loss on interest rate swap $ (51,043 ) $ 20,417 $ (30,626 ) Reclassification adjustment for loss in income 4,833 (1,933 ) 2,900 Net unrealized loss $ (46,210 ) $ 18,484 $ (27,726 )

6. FAIR VALUE OF ASSETS AND LIA

6. FAIR VALUE OF ASSETS AND LIABILITIES	3 Months Ended
	Jan. 31, 2016
Fair Value Disclosures [Abstract]
6. Fair Value of Assets and Liabilities	Fair Value Hierarchy The Company's assets and liabilities measured at fair value on a recurring basis are as follows: Level 1 Level 2 Level 3 Liabilities: January 31, 2016 Unrealized loss on derivatives $ - $ 55,122 $ - October 31, 2015 Unrealized loss on derivatives $ - $ 8,912 $ - 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.

7. INCOME (LOSS) PER SHARE AND

7. INCOME (LOSS) PER SHARE AND WEIGHTED AVERAGE SHARES	3 Months Ended
	Jan. 31, 2016
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 January 31, 2016 2015 Net Loss $ (29,528 ) $ (426,610 ) Denominator: Basic Weighted Average Shares Outstanding 21,358,411 21,358,411 Dilutive effect of Stock Options - - Diluted Weighted Average Shares Outstanding 21,358,411 21,358,411 Basic Loss Per Share $ (.00 ) $ (.02 ) Diluted Loss Per Share $ (.00 ) $ (.02 ) As of January 31, 2016 there were no options outstanding. As of January 31, 2015 there were 46,250 options outstanding. For the three month periods ended January 31, 2016 and 2015 there were no options used to calculate the effect of dilution because the Company had a net loss.

8. COMPENSATION PLANS

8. COMPENSATION PLANS	3 Months Ended
	Jan. 31, 2016
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. 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. None of the total amount of options is outstanding. As of February 18, 2014, no further options may be granted under the 2004 Plan. There was one option grant, for a total of 10,000 shares, that was forfeited in the first three months of 2016 and eight option grants, for a total of 201,500 shares, that expired in the first three months of 2015. Other than the forfeitures and expirations, there was no activity related to stock options and outstanding stock option balances or other equity based compensation during the three month periods ended January 31, 2016 and 2015. The Company did not grant any equity based compensation during the three months ended January 31, 2016 and 2015. 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 January 31, 2016. 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). 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	3 Months Ended
	Jan. 31, 2016
Accounting Changes and Error Corrections [Abstract]
9. Recent Accounting Pronouncements	In May 2014, the Financial Accounting Standards Board ("FASB") FASB issued Accounting Standards Update ("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. In August 2015, the FASB issued ASU 2015-14, which deferred the effective date of the ASU to fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2016. Companies may use either a full retrospective or a modified retrospective approach to adopt this ASU. The Company is currently evaluating the transition methods and the impact of the standard on its consolidated financial statements. In July 2015, the FASB issued ASU 2015-11, "Simplifying the Measurement of Inventory". The ASU requires entities using the first-in, first-out (FIFO) inventory costing method to subsequently value inventory at the lower of cost and net realizable value. The ASU defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. This ASU requires prospective application and is effective for fiscal years beginning after December 15, 2016 and interim periods within those fiscal years, with early adoption permitted. The adoption of this guidance by the Company is not expected to have a material impact on its consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, "Balance Sheet Classification of Deferred Taxes", which simplifies the presentation of deferred income taxes. This ASU requires that deferred tax assets and liabilities be classified as non-current in a statement of financial position. For public business entities, the amendments in the ASU are effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company is currently in the process of evaluating the effect this guidance will have on its consolidated financial statements and related disclosures. In February 2016, the FASB issued ASU 2016-02, "Leases", which is intended to improve financial reporting about leasing transactions. The ASU requires that leased assts be recognized as assets on the balance sheet and the liabilities for the obligations under the lease also be recognized on the balance sheet. This ASU requires disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. The required disclosures include qualitative and quantitative requirements. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years.

10. SIGNIFICANT ACCOUNTING POLI

10. SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jan. 31, 2016
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. For more details regarding the Company's accounts receivable policies refer to Note 2, Significant Accounting Policies, in the financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended October 31, 2015.

1. BASIS OF PRESENTATION (Polic

1. BASIS OF PRESENTATION (Policies)	3 Months Ended
	Jan. 31, 2016
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, 2015. 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, 2015. 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 May 2014, the Financial Accounting Standards Board ("FASB") FASB issued Accounting Standards Update ("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. In August 2015, the FASB issued ASU 2015-14, which deferred the effective date of the ASU to fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2016. Companies may use either a full retrospective or a modified retrospective approach to adopt this ASU. The Company is currently evaluating the transition methods and the impact of the standard on its consolidated financial statements. In July 2015, the FASB issued ASU 2015-11, "Simplifying the Measurement of Inventory". The ASU requires entities using the first-in, first-out (FIFO) inventory costing method to subsequently value inventory at the lower of cost and net realizable value. The ASU defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. This ASU requires prospective application and is effective for fiscal years beginning after December 15, 2016 and interim periods within those fiscal years, with early adoption permitted. The adoption of this guidance by the Company is not expected to have a material impact on its consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, "Balance Sheet Classification of Deferred Taxes", which simplifies the presentation of deferred income taxes. This ASU requires that deferred tax assets and liabilities be classified as non-current in a statement of financial position. For public business entities, the amendments in the ASU are effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company is currently in the process of evaluating the effect this guidance will have on its consolidated financial statements and related disclosures. In February 2016, the FASB issued ASU 2016-02, "Leases", which is intended to improve financial reporting about leasing transactions. The ASU requires that leased assts be recognized as assets on the balance sheet and the liabilities for the obligations under the lease also be recognized on the balance sheet. This ASU requires disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. The required disclosures include qualitative and quantitative requirements. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years.

2. GOODWILL AND OTHER INTANGI18

2. GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Jan. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Major Components of Intangible Assets	January 31, 2016 October 31, 2015 Gross Carrying Amount Accumulated Amortization Wgt. Avg. Amort. Years Gross Carrying Amount Accumulated Amortization Wgt. Avg. Amort. Years Amortized Intangible Assets: Covenants Not to Compete $ 2,536,488 $ 2,395,498 2.31 $ 2,536,488 $ 2,382,570 2.54 Customer Lists 10,313,819 8,777,939 2.71 10,313,819 8,639,685 2.95 Other Identifiable Intangibles 608,393 279,301 23.76 608,393 271,211 24.00 Total $ 13,458,700 $ 11,452,738 $ 13,458,700 $ 11,293,466

4. INVENTORIES (Tables)

4. INVENTORIES (Tables)	3 Months Ended
	Jan. 31, 2016
Inventory Disclosure [Abstract]
Schedule of Inventories	January 31, 2016 October 31, 2015 Finished Goods $ 2,341,289 $ 2,453,974 Raw Materials 177,627 157,707 Total Inventories $ 2,518,916 $ 2,611,681

5. ON-BALANCE SHEET DERIVATIV20

5. ON-BALANCE SHEET DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	3 Months Ended
	Jan. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Outstanding interest rate swaps	Instrument Notional Amount Receive Rate Pay Rate Interest rate swap $5,333,335 1.25% 0.4295% Interest rate swap $4,911,000 0.68% 0.4295%
Schedule of Other Comprehensive Income	Before-Tax Tax (Benefit) Expense Net-of-Tax Three Months Ended January 31, 2015 Loss on interest rate swap $ (3,295 ) $ 1,318 $ (1,977 ) Reclassification adjustment for loss in income 8,119 (3,248 ) 4,871 Net unrealized gain $ 4,824 $ (1,930 ) $ 2,894 Three Months Ended January 31, 2016 Loss on interest rate swap $ (51,043 ) $ 20,417 $ (30,626 ) Reclassification adjustment for loss in income 4,833 (1,933 ) 2,900 Net unrealized loss $ (46,210 ) $ 18,484 $ (27,726 )

6. FAIR VALUE OF ASSETS AND L21

6. FAIR VALUE OF ASSETS AND LIABILITIES (Tables)	3 Months Ended
	Jan. 31, 2016
Fair Value, Measurements, Recurring [Member]
Schedule of Fair Value of Assets and Liabilities	Level 1 Level 2 Level 3 Liabilities: January 31, 2016 Unrealized loss on derivatives $ - $ 55,122 $ - October 31, 2015 Unrealized loss on derivatives $ - $ 8,912 $ -

7. INCOME (LOSS) PER SHARE AN22

7. INCOME (LOSS) PER SHARE AND WEIGHTED AVERAGE SHARES (Tables)	3 Months Ended
	Jan. 31, 2016
Earnings Per Share [Abstract]
Reconciliation of Denominators Used in Calculation of Basic and Fully Diluted Earnings Per Share	Three Months Ended January 31, 2016 2015 Net Loss $ (29,528 ) $ (426,610 ) Denominator: Basic Weighted Average Shares Outstanding 21,358,411 21,358,411 Dilutive effect of Stock Options - - Diluted Weighted Average Shares Outstanding 21,358,411 21,358,411 Basic Loss Per Share $ (.00 ) $ (.02 ) Diluted Loss Per Share $ (.00 ) $ (.02 )

2. GOODWILL AND OTHER INTANGI23

2. GOODWILL AND OTHER INTANGIBLE ASSETS (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jan. 31, 2016	Oct. 31, 2015
Carrying Amount-Gross	$ 13,458,700	$ 13,458,700
Accumulated Amortization	11,452,738	11,293,466
Covenant Not To Compete
Carrying Amount-Gross	2,536,488	2,536,488
Accumulated Amortization	$ 2,395,498	$ 2,382,570
Weighted Average Amortized-Years	2 years 3 months 22 days	2 years 6 months 14 days
Customer Lists
Carrying Amount-Gross	$ 10,313,819	$ 10,313,819
Accumulated Amortization	$ 8,777,939	$ 8,639,685
Weighted Average Amortized-Years	2 years 8 months 16 days	2 years 11 months 12 days
Other Identifiable Intangibles
Carrying Amount-Gross	$ 608,393	$ 608,393
Accumulated Amortization	$ 279,301	$ 271,211
Weighted Average Amortized-Years	23 years 9 months 4 days	24 years

2. GOODWILL AND OTHER INTANGI24

2. GOODWILL AND OTHER INTANGIBLE ASSETS (Details Narrative) - USD ($)	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Disclosure2.GoodwillAndOtherIntangibleAssetsDetailsNarrativeAbstract
Amortization Expense	$ 159,272	$ 184,723

4. INVENTORIES (Details)

4. INVENTORIES (Details) - USD ($)	Jan. 31, 2016	Oct. 31, 2015
Disclosure4.InventoriesDetailsAbstract
Finished Goods	$ 2,341,289	$ 2,453,974
Raw Materials	177,627	157,707
Total Inventories	$ 2,518,916	$ 2,611,681

4. INVENTORIES (Details Narrati

4. INVENTORIES (Details Narrative) - USD ($)	Jan. 31, 2016	Oct. 31, 2015
Disclosure4.InventoriesDetailsNarrativeAbstract
Estimated value of Inventory	$ 59,000	$ 65,000

5. ON-BALANCE SHEET DERIVATIV27

5. ON-BALANCE SHEET DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)	Jan. 31, 2016USD ($)
Interest Rate Swap [Member]
Notional Amount	$ 4,911,000
Receive Rate	0.68%
Pay Rate	0.4295%
Interest Rate Swap 1 [Member]
Notional Amount	$ 5,333,335
Receive Rate	1.25%
Pay Rate	0.4295%

5. ON-BALANCE SHEET DERIVATIV28

5. ON-BALANCE SHEET DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details 1) - USD ($)	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Loss On Interest Rate Swap
Before Tax	$ (51,043)	$ (3,295)
Tax Benefit (Expense)	20,417	1,318
Net of Tax	(30,626)	(1,977)
Reclassification Adjustment For Loss In Income
Before Tax	4,833	8,119
Tax Benefit (Expense)	(1,933)	(3,248)
Net of Tax	2,900	4,871
Net Unrealized Gain/Loss
Before Tax	(46,210)	4,824
Tax Benefit (Expense)	18,484	(1,930)
Net of Tax	$ (27,726)	$ 2,894

6. FAIR VALUES OF ASSETS AND LI

6. FAIR VALUES OF ASSETS AND LIABILITIES (Details) - USD ($)	Jan. 31, 2016	Oct. 31, 2015
Level 1
Liabilities:
Unrealized loss on derivatives	$ 0	$ 0
Level 2
Liabilities:
Unrealized loss on derivatives	55,122	8,912
Level 3
Liabilities:
Unrealized loss on derivatives	$ 0	$ 0

7. INCOME (LOSS) PER SHARE AND

7. INCOME (LOSS) PER SHARE AND WEIGHTED AVERAGE SHARES (Details) - USD ($)	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Disclosure7.IncomeLossPerShareAndWeightedAverageSharesDetailsAbstract
Net Loss	$ (29,528)	$ (426,610)
Denominator:
Basic Weighted Average Shares Outstanding	21,358,411	21,358,411
Dilutive effect of Stock Options	0	0
Diluted Weighted Average Shares Outstanding	21,358,411	21,358,411
Basic Loss Per Share	$ 0	$ (0.02)
Diluted Loss Per Share	$ 0	$ (0.02)

7. INCOME (LOSS) PER SHARE A31

7. INCOME (LOSS) PER SHARE AND WEIGHTED AVERAGE SHARES (Detail Narrative) - shares	Jan. 31, 2016	Jan. 31, 2015
Disclosure7.IncomeLossPerShareAndWeightedAverageSharesDetailNarrativeAbstract
Options outstanding	0	46,250