EARNINGS PER SHARE

3 Months Ended

Jan. 31, 2020

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 tables present earnings per share:


	Three Months Ended
	January 31, 2020		January 31, 2019
	(in thousands except per share amounts)
Net loss	$	(38,576)	$	(17,833)
Distributed and undistributed (earnings) to unvested restricted stock	—		—
Distributed and undistributed earnings (loss) to common shareholders—Basic	$	(38,576)	$	(17,833)
Weighted average shares outstanding—Basic	21,935		21,814
Weighted average shares outstanding—Diluted	21,935		21,814
Loss per common share—Basic	$	(1.76)	$	(0.82)
Loss per common share—Diluted	$	(1.76)	$	(0.82)