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

6 Months Ended

Apr. 30, 2018

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 earnings per share is computed similarly to basic earnings per share, except that it reflects the effect of common shares issuable upon exercise of stock options, using the treasury stock method in periods in which they have a dilutive effect. 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 six months ended
	April 30,		April 30,
	2018	2017	2018	2017
Basic Weighted average shares outstanding	7,696,091	7,692,913	7,696,091	7,691,534
Effect of dilutive stock options	-	-	-	-
Diluted weighted average shares outstanding	7,696,091	7,692,913	7,696,091	7,691,534
Weighted average shares which are not included in the calculation of diluted net income per share because their impact is anti-dilutive. These shares consist of stock options.	1,606,500	1,341,500	1,606,500	1,341,500