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SHARE-BASED COMPENSATION (Tables) | 6 Months Ended
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Apr. 28, 2024
SHARE-BASED COMPENSATION [Abstract] |
Share-based Compensation Expenses | The table below presents information on our share-based compensation expenses for the three and six-month periods ended April 28, 2024 and April 30, 2023.
|  | Three Months Ended |  |  | Six Months Ended |
|  | April 28, 2024 |  |  | April 30, 2023 |  |  | April 28, 2024 |  |  | April 30, 2023 |
Expense reported in: |  |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold |  | $ | 669 |  |  | $ | 288 |  |  | $ | 1,263 |  |  | $ | 570 |
Selling, general, and administrative |  |  | 2,987 |  |  |  | 1,531 |  |  |  | 4,737 |  |  |  | 2,908 |
Research and development |  |  | 270 |  |  |  | 190 |  |  |  | 499 |  |  |  | 352 |
Total expense incurred |  | $ | 3,926 |  |  | $ | 2,009 |  |  | $ | 6,499 |  |  | $ | 3,830 |
Expense by award type: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Restricted stock awards |  | $ | 3,926 |  |  | $ | 1,974 |  |  | $ | 6,499 |  |  | $ | 3,738 |
Stock options |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1 |
Employee stock purchase plan |  |  | - |  |  |  | 35 |  |  |  | - |  |  |  | 91 |
Total expense incurred |  | $ | 3,926 |  |  | $ | 2,009 |  |  | $ | 6,499 |  |  | $ | 3,830 |
Income tax benefits of share-based compensation |  | $ | 323 |  |  | $ | 207 |  |  | $ | 421 |  |  | $ | 361 |
Share-based compensation cost capitalized |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Restricted Stock Awards Activity | The table below presents information on our restricted stock awards for the three and six-month periods ended April 28, 2024 and April 30, 2023.
|  | Three Months Ended |  |  | Six Months Ended |
|  | April 28, 2024 |  |  | April 30, 2023 |  |  | April 28, 2024 |  |  | April 30, 2023 |
Number of shares granted in period |  |  | - |  |  |  | - |  |  |  | 825,050 |  |  |  | 786,500 |
Weighted-average grant-date fair value of awards (in dollars per share) |  | $ | - |  |  | $ | - |  |  | $ | 29.77 |  |  | $ | 16.77 |
Compensation cost not yet recognized |  | $ | 28,695 |  |  | $ | 16,419 |  |  | $ | 28,695 |  |  | $ | 16,419 |
Weighted-average amortization period for cost not yet recognized (in years) |  |  | 3.1 |  |  |  | 3.0 |  |  |  | 3.1 |  |  |  | 3.0 |
Shares outstanding at balance sheet date |  |  | 1,560,540 |  |  |  | 1,328,572 |  |  |  | 1,560,540 |  |  |  | 1,328,572 |
Stock Options Activity | The table below presents information on our stock options for three and six-month periods ended April 28, 2024 and April 30, 2023.
|  | Three Months Ended |  |  | Six Months Ended |
|  | April 28, 2024 |  |  | April 30, 2023 |  |  | April 28, 2024 |  |  | April 30, 2023 |
Number of options granted in period |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Cash received from option exercised |  | $ | 119 |  |  | $ | 20 |  |  | $ | 1,055 |  |  | $ | 583 |
Compensation cost not yet recognized |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Weighted-average amortization period for cost not yet recognized (in years) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Information on Outstanding and Exercisable Option | Information on outstanding and exercisable option awards as of April 28, 2024, is presented below.
Options |  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life (in years) |  |  | Aggregate Intrinsic Value |
Outstanding and exercisable at April 28, 2024 |  |  | 360,125 |  |  | $ | 10.33 |  |  |  | 2.34 |  |  | $ | 6,466 |

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