EARNINGS PER SHARE (Tables)

3 Months Ended

Jan. 31, 2020

EARNINGS PER SHARE

Schedule of computation of basic and diluted net income (loss) per share

The computation of basic and diluted net income (loss) per share is determined using net income (loss) applicable to common shareholders as the numerator and the number of shares outstanding as the denominator as follows (in thousands, except per share amounts):

	Three Months Ended January 31,
	2020				2019
	Basic		Diluted		Basic		Diluted
Net income (loss)	$	(893)	$	(893)	$	6,654	$	6,654
Undistributed (earnings) loss allocated to participating shares		9		9		(53)		(53)
Net income (loss) applicable to common shareholders	$	(884)	$	(884)	$	6,601	$	6,601
Weighted average shares outstanding		6,781		6,781		6,735		6,735
Stock options and contingently issuable securities		—		—		—		72
		6,781		6,781		6,735		6,807
Income (loss) per share	$	(0.13)	$	(0.13)	$	0.98	$	0.97