XML 25 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
Equity Matters (Tables)
 9 Months Ended
Jul. 31, 2013
Equity [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The fair values of these options were estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions used for grants awarded during fiscal year 2012:
 
2012
Risk-free interest
1.20
%
Dividend yield
0.00
%
Volatility factor—market
88.26
%
Expected life of options—years
6.00
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
Activity in the Company’s stock option plan for the nine months ended July 31, 2013 and 2012 was as follows:

 
Fiscal 2013
 
Fiscal 2012
 
Number of
Shares
 
Weighted
Average
Exercise Price
Per Share
 
Weighted Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
 
Number of
Shares
 
Weighted
Average
Exercise Price
Per Share
 
Weighted Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
Options outstanding at November 1
362,085

 
$9.99
 
 
 
 
 
520,185

 
$8.54
 
 
 
 
Options:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Granted
—

 
$0.00
 
 
 
 
 
56,500

 
$8.10
 
 
 
 
Exercised
(28,334
)
 
$5.69
 
 
 
 
 
(99,075
)
 
$3.19
 
 
 
 
Canceled
(78,149
)
 
$12.45
 
 
 
 
 
(49,587
)
 
$10.98
 
 
 
 
Outstanding at July 31
255,602

 
$9.71
 
6.27
 
$863
 
428,023

 
$9.36
 
6.71
 
$1,010
Options exercisable at July 31
198,937

 
$9.62
 
5.77
 
$694
 
199,168

 
$10.40
 
5.51
 
$408
Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]
The following is a reconciliation of the numerator and denominator of the basic and diluted earnings per share computation for net income per share: 
(Shares in thousands)
Three Months Ended July 31,
 
Nine Months Ended July 31,
 
2013
 
2012
 
2013
 
2012
Net income available to common stockholders
$
5,282

 
$
2,416

 
$
15,115

 
$
9,899

Basic weighted average shares
17,007

 
16,856

 
16,998

 
16,821

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options
44

 
71

 
47

 
82

Diluted weighted average shares
17,051

 
16,927

 
17,045

 
16,903

Basic income per share
$
0.31

 
$
0.14

 
$
0.89

 
$
0.59

Diluted income per share
$
0.31

 
$
0.14

 
$
0.89

 
$
0.59