Earnings Per Share

3 Months Ended

Jan. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Note 11. Earnings Per Share

Basic earnings per common share (“EPS”) is computed by dividing net income or loss by the weighted average number of common shares outstanding. Diluted EPS is computed by dividing net income, if applicable, by the weighted-average number of common shares outstanding assuming dilution. The difference between basic EPS and diluted EPS is the result of the dilutive effect of outstanding stock options, performance stock units and restricted stock units and awards. The reconciliation of basic weighted-average shares outstanding to diluted weighted-average shares outstanding was as follows:

	Three Months Ended January 31,
	2023		2022
Basic weighted-average common shares outstanding		58,340,983		62,803,784
Dilutive stock options		—		—
Dilutive restricted stock awards		—		—
Dilutive restricted stock units		—		—
Dilutive performance stock units		—		—
Diluted weighted-average common shares outstanding		58,340,983		62,803,784

The table below represents exclusions from the calculation of diluted weighted-average shares outstanding because they would have been anti-dilutive:

	Three Months Ended January 31,
	2023		2022
Anti-dilutive stock options		6,000		48,500
Anti-dilutive restricted stock awards		839,935		1,195,144
Anti-dilutive restricted stock units		824,758		789,952
Anti-dilutive performance stock units		—		—
Anti-dilutive common stock equivalents		1,670,693		2,033,596