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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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Oct. 31, 2021
SHARE-BASED COMPENSATION [Abstract] |
Share-based Compensation Expenses | The table below presents information on our share-based compensation expenses for the three most recent fiscal years.
|  | Year Ended |
|  | October 31, 2021 |  |  | October 31, 2020 |  |  | October 31, 2019 |
Expense reported in: |  |  |  |  |  |  |  |  |
Cost of goods sold |  | $ | 446 |  |  | $ | 337 |  |  | $ | 250 |
Selling, general and administrative |  |  | 4,446 |  |  |  | 4,590 |  |  |  | 3,430 |
Research and development |  |  | 456 |  |  |  | - |  |  |  | - |
Total expense incurred |  | $ | 5,348 |  |  | $ | 4,927 |  |  | $ | 3,680 |
Income tax benefits of share-based compensation (in millions) |  | $ | 0.2 |  |  | $ | 0.2 |  |  | $ | - |
Share-based compensation cost capitalized |  | $ | - |  |  | $ | - |  |  | $ | - |
Estimated Expenses not yet Incurred on Share-based Compensation Awards | The table below presents information on estimated expenses not yet incurred on our share-based compensation awards.
|  | October 31, 2021 |
|  | Restricted Stock Awards |  |  | Stock Options |
Compensation cost not yet recognized |  | $ | 7,300 |  |  | $ | 109 |
Weighted-average amortization period (in years) |  |  | 2.6 |  |  |  | 1.1 |
Restricted Stock Awards Activity | A summary of restricted stock award activity during fiscal year 2021 and the status of our outstanding restricted stock awards as of October 31, 2021, is presented below:
Restricted Stock |  | Shares |  |  | Weighted-Average Fair Value at Grant Date |
Outstanding at October 31, 2020 |  |  | 812,316 |  |  | $ | 12.55 |
Granted |  |  | 564,800 |  |  | $ | 11.20 |
Vested |  |  | (383,177 | ) |  | $ | 11.72 |
Cancelled |  |  | (64,792 | ) |  | $ | 12.44 |
Outstanding at October 31, 2021 |  |  | 929,147 |  |  | $ | 12.08 |
Expected to vest as of October 31, 2021 |  |  | 862,143 |  |  | $ | 12.08 |
Restricted Stock Awards Granted and Lapsed | The table below presents information on restricted stock awards granted and lapsed in the three most recent fiscal years.
|  | Year Ended |
|  | October 31, 2021 |  |  | October 31, 2020 |  |  | October 31, 2019 |
Number of shares granted |  |  | 564,800 |  |  |  | 538,000 |  |  |  | 435,000 |
Weighted-average grant-date fair value of awards (in dollars per share) |  | $ | 11.20 |  |  | $ | 15.08 |  |  | $ | 9.80 |
Fair value of awards for which restrictions lapsed |  | $ | 4,491 |  |  | $ | 2,957 |  |  | $ | 1,888 |
Assumptions Used to Calculate Weighted-Average Grant Date Fair Value of Options | The weighted-average inputs and risk-free rate of return ranges used to calculate the grant-date fair value of stock options granted during 2019 are presented in the following table.
|  | Year Ended |
|  | October 31, 2019 |
Expected volatility |  |  | 33.1 | %
Risk-free rate of return |  |  | 2.5 – 2.9 | %
Dividend yield |  |  | 0.0 | %
Expected term |  | 5.1 years |
Stock Options Activity | The table below presents a summary of stock options activity during 2021 and information on stock options outstanding at October 31, 2021.
|  | Shares |  |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Contractual Life |  | Aggregate Intrinsic Value |
Outstanding at October 31, 2020 |  |  | 1,621,117 |  |  | $ | 9.27 |  |  |  |  |
Granted |  |  | - |  |  |  | - |  |  |  |  |
Exercised |  |  | (401,114 | ) |  | $ | 8.58 |  |  |  |  |
Cancelled and forfeited |  |  | (46,900 | ) |  | $ | 9.74 |  |  |  |  |
Outstanding at October 31, 2021 |  |  | 1,173,103 |  |  | $ | 9.49 |  | 4.0 years |  | $ | 4,109 |
Exercisable at October 31, 2021 |  |  | 1,077,914 |  |  | $ | 9.51 |  | 3.8 years |  | $ | 3,750 |
Expected to vest as of October 31, 2021 |  |  | 93,500 |  |  | $ | 9.20 |  | 6.7 years |  | $ | 353 |
Stock Options Exercised | The table below presents information on options exercised in the three most recent fiscal years.
|  | Year Ended |
|  | October 31, 2021 |  |  | October 31, 2020 |  |  | October 31, 2019 |
Total intrinsic value of options exercised |  | $ | 1,910 |  |  | $ | 3,184 |  |  | $ | 1,262 |
Cash received from option exercises |  | $ | 3,441 |  |  | $ | 3,746 |  |  | $ | 2,071 |

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