Equity Matters (Tables)

3 Months Ended

Jan. 31, 2015

Equity [Abstract]

Schedule of stock option activity

Activity in the Company’s incentive plan for the three months ended January 31, 2015 and 2014 was as follows:        

	Number of Shares		Weighted Average Exercise Price Per Share	Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Options outstanding at November 1, 2013	236,134		$9.93
Options:
Granted	—		$0.00
Exercised	(33,468	)	$9.18
Canceled	(8,333	)	$8.10
Outstanding at January 31, 2014	194,333		$10.13	5.68	$962
Options exercisable at January 31, 2014	184,666		$10.24	5.56	$894
Options outstanding at November 1, 2014	123,333		$9.69
Options:
Granted	—		$0.00
Exercised	(6,000	)	$8.67
Canceled	—		$0.00
Outstanding at January 31, 2015	117,333		$9.74	4.88	$337
Options exercisable at January 31, 2015	117,333		$9.74	4.88	$337

Reconciliation of the numerator and denominator of earnings per share

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 January 31,
	2015		2014
	(As Restated)
Net income available to common stockholders	$	2,443	$	4,939
Basic weighted average shares	17,215		17,113
Effect of dilutive securities:
Stock options	40		95
Diluted weighted average shares	17,255		17,208
Basic income per share	$	0.14	$	0.29
Diluted income per share	$	0.14	$	0.29