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2. Basis of Presentation and Significant Accounting Policies: Stock-based Compensation (Policies)
3 Months Ended
Jul. 31, 2012
Stock-based Compensation:  
Stock-based Compensation

Stock-Based Compensation

 

The Company follows FASB ASC 718 (SFAS 123R, “Share-Based Payments”) which requires measurement of compensation cost for all stock-based awards at fair value on date of grant, and recognition of stock-based compensation expense over the service period for awards expected to vest. The fair value of stock options was determined using the Black-Scholes valuation model. Such fair value is recognized as an expense over the service period, net of forfeitures. Stock-based compensation expense was $73,000 and $181,000, and $81,000 and $222,000, for the three and nine months ended July 31, 2012 and 2011, respectively, and was primarily included in selling, general, and administrative expenses.