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EARNINGS PER SHARE
 3 Months Ended
Jan. 31, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Certain share-based payment awards described in Note 4 - 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 (loss) per share.
 
Three months ended
 
January 31, 2019
 
January 31, 2018
 
(in thousands except per share amounts)
Net income (loss)
$
(17,833
)
 
$
51,206

Distributed and undistributed (earnings) to unvested restricted stock
—

 
(732
)
Distributed and undistributed earnings (loss) to common shareholders—Basic
$
(17,833
)
 
$
50,474

Weighted average shares outstanding—Basic
21,814

 
22,501

Weighted average shares outstanding—Diluted
21,814

 
22,501

Earnings (loss) per common share—Basic
$
(0.82
)
 
$
2.24

Earnings (loss) per common share—Diluted
$
(0.82
)
 
$
2.24