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

3 Months Ended

Jan. 31, 2015

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 gives effect to all diluted potential common shares outstanding and common stock equivalents during the period using the treasury stock method. 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
	January 31,
	2015	2014

Basic weighted average shares outstanding	7,654,928	7,344,501
Effect of dilutive stock options	170,892	480,199
Diluted weighted average shares outstanding	7,825,820	7,824,700

Weighted average shares which are not included in the calculation of diluted net income per share because their impact is anti-dilutive	632,608	620,801

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

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