2. Basis of Presentation and Significant Accounting Policies: Net Income Per Share Information (Policies)

9 Months Ended

Jul. 31, 2013

Policies

Net Income Per Share Information

Net Income per Share Information

Basic net income per share is computed based on the weighted average number of shares outstanding. Diluted net income per share is based on the sum of the weighted average number of common shares outstanding and common stock equivalents. The Company’s 2009 Stock Incentive Plan allows for a cashless exercise. Shares used to calculate net income per share are as follows: 

	For the three months ended		For the nine months ended
	July 31,		July 31,
	2013	2012	2013	2012
Basic weighted average shares outstanding	7,299,666	7,193,140	7,236,371	7,182,169
Effect of dilutive stock options	515,229	825,430	540,169	829,586
Diluted weighted average shares outstanding	7,814,895	8,018,570	7,776,540	8,011,755
Weighted average shares which are not included in the calculation of diluted net income per share because their impact is anti-dilutive
Stock options	631,271	551,070	606,331	546,914