Earnings Per Share

3 Months Ended

Jan. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Earnings Per Share

Basic and diluted earnings per share are identical for the three months ended January 31, 2013 and 2012. The computation of diluted earnings per share excludes outstanding options and other common stock equivalents when their inclusion would be anti-dilutive. This is always the case when an entity incurs a net loss as the Company did during the periods presented. For the three months ended January 31, 2013, 0.1 million of restricted stock and 0.5 million of common stock equivalents were excluded from the computation of diluted earnings per share. For the three months ended January 31, 2012, 0.1 million of restricted stock and 0.3 million of common stock equivalents were excluded from the computation of diluted earnings per share.

For the three months ended January 31, 2013 and 2012, the Company had 0.6 million and 1.3 million, respectively, of securities that are potentially dilutive in future earnings per share calculations. Such dilution will be dependent on the excess of the market price of the Company’s stock over the exercise price and other components of the treasury stock method.