EARNINGS PER SHARE

3 Months Ended

Jan. 31, 2024

EARNINGS PER SHARE

EARNINGS PER SHARE

5.    EARNINGS PER SHARE

Per share results have been computed based on the average number of common shares outstanding over the period in question.  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,
	2024				2023
	Basic		Diluted		Basic		Diluted
Net (loss) income	$	(1,648)	$	(1,648)	$	1,330	$	1,330
Undistributed earnings allocated to participating shares		—		—		(18)		(18)
Net (loss) income applicable to common shareholders	$	(1,648)	$	(1,648)	$	1,312	$	1,312
Weighted average shares outstanding		6,483		6,483		6,583		6,583
Stock options and contingently issuable securities		—		—		—		39
		6,483		6,483		6,583		6,622
(Loss) income per share	$	(0.25)	$	(0.25)	$	0.20	$	0.20