Equity Matters (Tables)

9 Months Ended

Jul. 31, 2015

Equity [Abstract]

Schedule of stock option activity

Activity in the Company’s incentive plan for the nine months ended July 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	(88,363	)	$9.83
Canceled	(12,333	)	$7.19
Outstanding at July 31, 2014	135,438		$9.79	5.51	$976
Options exercisable at July, 2014	125,771		$9.93	5.37	$890
Options outstanding at November 1, 2014	123,333		$9.77
Options:
Granted	—		$0.00
Exercised	(19,317	)	$8.19
Canceled	(11,350	)	$11.58
Outstanding at July 31, 2015	92,666		$9.77	4.51	$244
Options exercisable at July 31, 2015	92,666		$9.77	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 July 31,				Nine Months Ended July 31,
	2015		2014		2015		2014
Net income available to common stockholders	$	1,981	$	8,349	$	10,777	$	21,417
Basic weighted average shares	17,227		17,118		17,220		17,081
Effect of dilutive securities:
Stock options	19		57		27		76
Diluted weighted average shares	17,246		17,175		17,247		17,157
Basic income per share	$	0.11	$	0.49	$	0.63	$	1.25
Diluted income per share	$	0.11	$	0.49	$	0.62	$	1.25