Equity Matters (Tables)

6 Months Ended

Apr. 30, 2015

Equity [Abstract]

Schedule of stock option activity

Activity in the Company’s incentive plan for the six months ended April 30, 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	(86,468	)	$9.92
Canceled	(12,333	)	$7.19
Outstanding at April 30, 2014	137,333		$9.73	5.76	$976
Options exercisable at April 30, 2014	127,666		$9.86	5.61	$890
Options outstanding at November 1, 2014	123,333		$9.69
Options:
Granted	—		$0.00
Exercised	(18,650	)	$8.30
Canceled	(11,350	)	$11.58
Outstanding at April 30, 2015	93,333		$9.74	4.51	$244
Options exercisable at April 30, 2015	93,333		$9.74	4.51	$244

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 April 30,				Six Months Ended April 30,
	2015		2014		2015		2014
	(As Restated)				(As Restated)
Net income available to common stockholders	$	6,353	$	8,129	$	8,796	$	13,068
Basic weighted average shares	17,211		17,081		17,217		17,063
Effect of dilutive securities:
Stock options	25		77		31		85
Diluted weighted average shares	17,236		17,158		17,248		17,148
Basic income per share	$	0.37	$	0.48	$	0.51	$	0.77
Diluted income per share	$	0.37	$	0.47	$	0.51	$	0.76