Earnings Per Share Earnings Per Share

6 Months Ended

Apr. 30, 2018

—Earnings Per Share

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of shares of Common Stock outstanding during the period. In addition, the shares of Common Stock issuable pursuant to restricted stock awards, restricted stock units and stock options outstanding under the 2016 Plan are included in the diluted earnings per share calculation to the extent they are dilutive. For the six months ended April 30, 2018 and 2017, approximately 308 and 7 stock awards, respectively, were excluded from the computation of diluted earnings per share because they were anti-dilutive. The following is a reconciliation of the numerator and denominator of the basic and diluted earnings per share computation for net income per share:



	Three Months Ended April 30,				Six Months Ended April 30,
	2018		2017		2018		2017
Net income available to common stockholders	$	4,025	$	4,229	$	8,883	$	2,211
Basic weighted average shares	23,222		17,858		23,164		17,788
Effect of dilutive securities:
Restricted share units and stock options	135		30		147		21
Diluted weighted average shares	23,357		17,888		23,311		17,809
Basic income per share	$	0.17	$	0.24	$	0.38	$	0.12
Diluted income per share	$	0.17	$	0.24	$	0.38	$	0.12