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SHARE REPURCHASE PROGRAM | 12 Months Ended
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Oct. 31, 2018
SHARE REPURCHASE PROGRAM [Abstract] |
SHARE REPURCHASE PROGRAM | NOTE 18 – SHARE REPURCHASE PROGRAM In October 2018, the Company’s Board of Directors authorized the repurchase of up to $25 million of its common stock, to be executed in open-market transactions or in accordance with a repurchase plan under rule 10b5-1 of the Securities Act of 1933 (as amended). The share repurchase program commenced on October 22, 2018, and will expire no later than October 21, 2019. As of October 31, 2018, we had repurchased a combined 0.3 million shares at a cost of $3.1 million (an average of $9.45 per share) under this share repurchase program. The volume of shares repurchased are subject to market conditions, and our continual evaluation of the optimal use of our cash. In July 2018, the Company’s Board of Directors authorized the repurchase of up to $20 million of its common stock, to be executed in open-market transactions or in accordance with a repurchase plan under rule 10b5-1 of the Securities Act of 1933 (as amended). The share repurchase program commenced on July 10, 2018, and expired in October 2018, when the authorized amount was exhausted. Under this program, we repurchased 2.2 million shares at a cost of $20.0 million (an average of $8.97 per share).

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=2208821 + Details
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