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Equity Matters (Tables)
 9 Months Ended
Jul. 31, 2016
Equity [Abstract]  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period
The Compensation Committee of our Board of Directors approved the grant of restricted stock and restricted stock units under both the Amended and Restated 1993 Key Employee Stock Incentive Program and the 2016 Equity and Incentive Compensation Plan shown in the table below during the nine months ended July 31, 2016:
 
Granted
 
20-Day EMA
Restricted Stock (1)
312,250

 
$4.30
Restricted Stock Units (2)
21,539

 
$4.17
Schedule of share based compensation activity
Company’s Incentive Plan activity for the nine months ended July 31, 2016 and 2015:    
 
 
 
Stock Options
 
Restricted Stock
 
Restricted Stock Units
 
Outstanding at:
 
Options
 
Weighted Average Exercise Price
 
Weighted Average Remaining Contractual Life
 
Restricted Shares
 
20 Day EMA (1)
 
Weighted Average Remaining Contractual Life
 
Restricted Share Units
 
20 Day EMA (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
November 1, 2014
 
123,333

 
$9.69
 
5.15
 
116,881

 
$16.81
 
2.58
 
—

 
—

 
Granted
 
—

 
—

 
 
 
23,332

 
$14.17
 
 
 
—

 
—

 
Options exercised or restricted stock vested
 
(19,317
)
 
$8.19
 
 
 
(48,129
)
 
$16.70
 
 
 
—

 
—

 
Forfeited or expired
 
(11,350
)
 
$11.58
 
 
 
(6,750
)
 
$20.64
 
 
 
—

 
—

 
July 31, 2015
 
92,666

 
$9.77
 
4.26
 
85,334

 
$15.84
 
1.81
 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
November 1, 2015
 
90,666

 
$9.70
 
4.10
 
124,255

 
$13.77
 
2.28
 
—

 
—

 
Granted
 
—

 
—

 
 
 
312,250

 
$4.30
 
 
 
21,539

 
$4.17
 
Options exercised or restricted stock vested
 
—

 
—

 
 
 
(25,958
)
 
$16.53
 
 
 
—

 
—

 
Forfeited or expired
 
(1,000
)
 
$12.04
 
 
 
(5,817
)
 
$5.71
 
 
 
—

 
—

 
July 31, 2016
 
89,666

 
$9.67
 
3.34
 
404,730

 
$6.40
 
2.00
 
21,539

 
$4.17
(1) 20-day EMA effective with commencement of the 2016 Plan on March 9, 2016.
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The Company recorded stock compensation expense related to stock options, restricted stock and restricted stock units during the three and nine months ended July 31, 2016 and 2015 as follows:
 
 
Three Months Ended July 31,
 
Nine Months Ended July 31,
 
 
2016
 
2015
 
2016
 
2015
Stock options
 
$
—

 
$
—

 
$
—

 
$
15

Restricted stock
 
319

 
309

 
761

 
836

Restricted stock units
 
14

 
—

 
23

 
—

Total
 
$
333

 
$
309

 
$
784

 
$
851
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,
 
2016
 
2015
 
2016
 
2015
Net income (loss) available to common stockholders
$
(349
)
 
$
1,981

 
$
(2,351
)
 
$
10,777

Basic weighted average shares
17,614

 
17,227

 
17,614

 
17,220

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options
—

 
19

 
—

 
27

Diluted weighted average shares
17,614

 
17,246

 
17,614

 
17,247

Basic income (loss) per share
$
(0.02
)
 
$
0.11

 
$
(0.13
)
 
$
0.63

Diluted income (loss) per share
$
(0.02
)
 
$
0.11

 
$
(0.13
)
 
$
0.62