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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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Oct. 31, 2023
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, 2023 |  |  | October 31, 2022 |  |  | October 31, 2021 |
Expense reported in: |  |  |  |  |  |  |  |  |
Cost of goods sold |  | $ | 1,259 |  |  | $ | 868 |  |  | $ | 446 |
Selling, general, and administrative |  |  | 5,962 |  |  |  | 4,803 |  |  |  | 4,446 |
Research and development |  |  | 780 |  |  |  | 637 |  |  |  | 456 |
Total expense incurred |  | $ | 8,001 |  |  | $ | 6,308 |  |  | $ | 5,348 |
Expense by award type: |  |  |  |  |  |  |  |  |  |  |  |
Restricted stock awards |  | $ | 7,909 |  |  | $ | 5,800 |  |  | $ | 4,920 |
Stock options |  |  | 1 |  |  |  | 298 |  |  |  | 218 |
Employee stock purchase plan |  |  | 91 |  |  |  | 210 |  |  |  | 210 |
Total expense incurred |  | $ | 8,001 |  |  | $ | 6,308 |  |  | $ | 5,348 |
Income tax benefits of share-based compensation |  | $ | 715 |  |  | $ | 449 |  |  | $ | 233 |
Share-based compensation cost capitalized |  | $ | - |  |  | $ | - |  |  | $ | - |
Restricted Stock Awards Activity | A summary of restricted stock award activity during 2023 and the status of our restricted stock awards as of October 31, 2023, is presented below.
Restricted Stock |  | Shares |  |  | Weighted-Average Fair Value at Grant Date |
Outstanding at October 31, 2022 |  |  | 893,704 |  |  | $ | 15.62 |
Granted |  |  | 791,925 |  |  | $ | 16.84 |
Vested |  |  | (417,432 | ) |  | $ | 14.98 |
Cancelled |  |  | (29,900 | ) |  | $ | 16.48 |
Outstanding at October 31, 2023 |  |  | 1,238,297 |  |  | $ | 16.27 |
Expected to vest as of October 31, 2023 |  |  | 1,117,128 |  |  | $ | 16.21 |
Additional Information on Restricted Stock Awards | The table below presents additional information on our restricted stock awards for the three most recent fiscal years.
|  | Year Ended |
|  | October 31, 2023 |  |  | October 31, 2022 |  |  | October 31, 2021 |
Number of shares granted |  |  | 791,925 |  |  |  | 654,224 |  |  |  | 564,800 |
Weighted-average grant-date fair value of awards (in dollars per share) |  | $ | 16.84 |  |  | $ | 18.73 |  |  | $ | 11.20 |
Compensation costs not yet recognized |  | $ | 12,760 |  |  | $ | 8,949 |  |  | $ | 7,300 |
Weighted-average amortization period (in years) |  |  | 2.8 |  |  |  | 2.7 |  |  |  | 2.6 |
Fair value of awards for which restrictions lapsed |  | $ | 6,256 |  |  | $ | 5,212 |  |  | $ | 4,491 |
Shares outstanding at balance sheet date |  |  | 1,238,297 |  |  |  | 893,704 |  |  |  | 929,147 |
Stock Options Activity | The table below presents a summary of stock options activity during 2023 and information on stock options outstanding at October 31, 2023.
|  | Shares |  |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Contractual Life |  | Aggregate Intrinsic Value |
Outstanding at October 31, 2022 |  |  | 614,001 |  |  | $ | 9.74 |  |  |  |  |
Granted |  |  | - |  |  | $ | - |  |  |  |  |
Exercised |  |  | (137,226 | ) |  | $ | 8.24 |  |  |  |  |
Cancellations, forfeitures, and adjustments |  |  | (4,500 | ) |  | $ | 10.18 |  |  |  |  |
Outstanding at October 31, 2023 |  |  | 472,275 |  |  | $ | 10.18 |  | 2.5 years |  | $ | 3,865 |
Exercisable at October 31, 2023 |  |  | 472,275 |  |  | $ | 10.18 |  | 2.5 years |  | $ | 3,865 |
Expected to vest as of October 31, 2023 |  |  | - |  |  | $ | - |  | - years |  | $ | - |
Additional Information on Stock Option Awards | The table below presents additional information on stock option awards for the three most recent fiscal years.
|  | Year Ended |
|  | October 31, 2023 |  |  | October 31, 2022 |  |  | October 31, 2021 |
Number of options granted in period |  |  | - |  |  |  | - |  |  |  | - |
Total intrinsic value of options exercised |  | $ | 1,654 |  |  | $ | 5,108 |  |  | $ | 1,910 |
Cash received from option exercises |  | $ | 1,101 |  |  | $ | 5,275 |  |  | $ | 3,441 |
Compensation cost not yet recognized |  | $ | - |  |  | $ | 13 |  |  | $ | 109 |
Weighted-average amortization period for cost not yet recognized (in years) |  |  | - |  |  |  | 0.2 |  |  |  | 1.1 |

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