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EARNINGS PER SHARE Earnings Per Share (Policies)
 3 Months Ended
Jan. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share, Policy
EARNINGS PER SHARE
Certain share-based payment awards described in Note 3 - Stock Compensation Plans above entitling holders to receive non-forfeitable dividends before vesting are considered participating securities and thus are included in the calculation of basic earnings per share, to the extent they are dilutive. These awards are included in the calculation of basic earnings per share under the two-class method. The two-class method allocates earnings for the period between common shareholders and other security holders. The participating awards receiving dividends are allocated the same amount of income as if they were vested shares.
The following table presents earnings per share.
 
Three months ended
 
January 31, 2017
 
January 31, 2016
 
(in thousands except per share amounts)
Net Income
$
23,173

 
$
10,681

Distributed and undistributed (earnings) to unvested restricted stock
(368
)
 
(172
)
Distributed and undistributed earnings to common shareholders—Basic
$
22,805

 
$
10,509

Weighted average shares outstanding—Basic
22,379

 
22,206

Weighted average shares outstanding—Diluted
22,379

 
22,206

Earnings per common share—Basic
$
1.02

 
$
0.47

Earnings per common share—Diluted
$
1.02

 
$
0.47