Stock-Based Compensation (Tables)

9 Months Ended

Jul. 31, 2022

Share-based Payment Arrangement [Abstract]

Schedule of Nonvested Restricted Share Activity

A summary of non-vested restricted stock awards activity during the nine months ended July 31, 2022 is presented below:

	Restricted Stock Awards	Weighted Average Grant Date Fair Value per Share
Non-vested at October 31, 2021	216,400	$	17.28
Granted	84,400	22.54
Forfeited	—	—
Vested	(88,700)	13.74
Non-vested at July 31, 2022	212,100	$	20.86

Schedule of Stock Option Activity

The following table summarizes our stock option activity for the nine months ended July 31, 2022:

	Stock Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (000s)
Outstanding at October 31, 2021	218,304	$	19.37
Granted	—	—
Exercised	(25,711)	19.55
Forfeited/Expired	(1,600)	16.33
Outstanding at July 31, 2022	190,993	$	19.37	3.0	$	1,000
Vested at July 31, 2022	190,993	$	19.37	3.0	$	1,000
Exercisable at July 31, 2022	190,993	$	19.37	3.0	$	1,000

Schedule of Performance Share Awards

The following table summarizes our performance share grants and the grant date fair value for the RONA performance metrics:

Grant Date	Shares Awarded	Grant Date Fair Value		Shares Forfeited
December 5, 2019	55,900	$	19.40	5,300
December 2, 2020	65,300	$	20.68	—
December 9, 2021	80,900	$	22.54	—

Schedule of Performance Restricted Stock Vesting Conditions

Specifically, the awards vest on a continuum with the following Absolute Total Shareholder Return (A-TSR) milestones:

Vesting Level	Vesting Criteria	Percentage of Award Vested
Level 1	A-TSR greater than or equal to 50%	150%
Level 2	A-TSR less than 50% and greater than or equal to 20%	100%
Level 3	A-TSR less than 20% and greater than or equal to -20%	50%
Level 4	A-TSR less than -20%	—%

Performance Restricted Stock Units by Grant

Grant Date	Shares Awarded	Grant Date Fair Value		Shares Forfeited
December 5, 2019	35,000	$	19.40	—
December 2, 2020	38,400	$	20.68	—
December 9, 2021	50,900	$	21.06	—

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following table summarizes amounts expensed as selling, general and administrative expense related to restricted stock awards, stock options, restricted stock units, performance share awards and performance restricted stock units for the three and nine months ended July 31, 2022 and 2021 (in thousands):

	Three Months Ended				Nine Months Ended
	July 31, 2022				July 31, 2022
	2022		2021		2022		2021
Restricted stock awards	$	371	$	315	$	1,079	$	921
Stock options	—		—		—		—
Restricted stock units	796		(369)		1,512		1,823
Performance share awards	396		719		2,052		4,020
Performance restricted stock units	212		186		628		543
Total compensation expense	$	1,775	$	851	$	5,271	$	7,307

Treasury Stock Activity

The following table summarizes the treasury stock activity during the nine months ended July 31, 2022:

	Nine Months Ended
	July 31, 2022
Beginning Balance as of November 1, 2021	3,998,725
Restricted stock awards granted	(84,400)
Performance restricted stock units vested	(87,919)
Stock options exercised	(25,711)
Treasury stock repurchases	291,000
Balance at July 31, 2022	4,091,695