Net Income (Loss) per Share

3 Months Ended

Jan. 31, 2016

Net Income (Loss) per Share [Abstract]

Net Income (Loss) per Share

(8)Net Income (Loss) per Share

Basic income (loss) per share is computed by dividing net income (loss) by the weighted average shares outstanding during the reporting period.  Diluted income per share is computed similarly to basic income (loss) per share except that in computing diluted income per share the weighted average shares outstanding are increased to include additional shares issuable from the assumed exercise of warrants and stock options, if dilutive, as well as the dilutive effects of any unvested restricted share awards.  Diluted loss per share does not include any of these dilutive effects in its calculation.  The number of additional shares is calculated by assuming that outstanding warrants and stock options are exercised, outstanding restricted share grants vest and that the cash proceeds from the exercise together with the assumed employment value represented by the unamortized stock-based compensation were used to reacquire shares of common stock at the average market price during the reporting period.

The Company had unexpired options and warrants for the purchase of its common stock and unvested restricted and performance stock awards as ofJanuary 31, 2016and 2015of 420,874 and 278,693 shares, respectively.

Shares used in the net loss per share computations are as follows:

	Three Months ended January 31,
(In thousands)	2016	2015
Weighted average common shares outstanding - basic	4,280	4,204
Dilutive effect of stock options, warrants and unvested restricted shares	—	—
Weighted average common shares outstanding - diluted	4,280	4,204

As a result of the net loss for thethreemonths ended January 31, 2016 and 2015, all outstanding warrants, stock options and unvested restricted stock shares were considered anti-dilutive and, therefore, were excluded from diluted loss per share for the period.