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Earnings Per Share
 12 Months Ended
Oct. 31, 2011
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Earnings Per Share
Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of shares of Common Stock outstanding during the period. In addition, the shares of Common Stock issuable pursuant to stock options outstanding under the Company's Amended and Restated 1993 Key Employee Stock Incentive Plan are included in the diluted earnings per share calculation to the extent they are dilutive. For the years ended October 31, 2011and 2010, approximately 240,000 and 457,000 stock options, respectively, were excluded from the computation of diluted earnings per share because they were anti-dilutive. The following is a reconciliation of the numerator and denominator of the basic and diluted earnings per share computation for net income per share:
 
 
 
 
 
 
Years Ended October 31,
 
 
2011
 
2010
 
(Amounts in thousands,
except per share data)
Net income available to common stockholders
$
7,845

 
$
3,861

 
 

 
 

Basic weighted average shares
16,716

 
16,532

Effect of dilutive securities:
 

 
 

Stock options
143

 
146

 
 

 
 

Diluted weighted average shares
16,859

 
16,678

 
 

 
 

Basic earnings per share
$
0.47

 
$
0.23

 
 

 
 

Diluted earnings per share
$
0.47

 
$
0.23