XML 31 R20.htm IDEA: XBRL DOCUMENT
v3.20.4

Note 13 - Per Share Calculation | 3 Months Ended
--- | ---
Jan. 31, 2021
Notes to Financial Statements |
Earnings Per Share [Text Block] |
13. | Per Share Calculation
Basic earnings per share is computed by dividing net income (loss) (the “numerator”) by the weighted-average number of common shares outstanding, adjusted for nonvested shares of restricted stock (the “denominator”) for the period. Computing diluted earnings per share is similar to computing basic earnings per share, except that the denominator is increased to include the dilutive effects of options and nonvested shares of restricted stock. Any options that have an exercise price greater than the average market price are considered to be anti-dilutive and are excluded from the diluted earnings per share calculation. All outstanding nonvested shares that contain nonforfeitable rights to dividends or dividend equivalents that participate in undistributed earnings with common stock are considered participating securities and are included in computing earnings per share pursuant to the two-class method. The two-class method is an earnings allocation formula that determines earnings per share for each class of common stock and participating securities according to dividends or dividend equivalents and participation rights in undistributed earnings in periods when we have net income. The Company’s restricted common stock (“nonvested shares”) are considered participating securities. Basic and diluted earnings per share for the periods presented below were calculated as follows:
|  | Three Months Ended |
|  | January 31, |
(In thousands, except per share data) |  | 2021 |  |  | 2020 |
Numerator: |  |  |  |  |  |  |  |
Numerator for basic and diluted earnings (loss) per share |  | $ | 17,360 |  |  | $ | (9,148 | )
Denominator: |  |  |  |  |  |  |  |
Denominator for basic earnings per share – weighted average shares outstanding |  |  | 6,225 |  |  |  | 6,160 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Share based payments |  |  | 78 |  |  |  | - |
Denominator for diluted earnings per share – weighted average shares outstanding |  |  | 6,303 |  |  |  | 6,160 |
Basic earnings (loss) per share |  | $ | 2.79 |  |  | $ | (1.49 | )
Diluted earnings (loss) per share |  | $ | 2.75 |  |  | $ | (1.49 | )
Incremental shares attributed to nonvested stock and outstanding options to purchase common stock of 0.3 million for the three months ended January 31, 2020 were excluded from the computation of diluted earnings per share because we had a net loss for the period, and any incremental shares would not be dilutive. In addition, shares related to out-of-the money stock options that could potentially dilute basic earnings per share in the future that were not included in the computation of diluted earnings per share were 0.2 million for both the three months ended January 31, 2021 and 2020, because to do so would have been anti-dilutive for the periods presented.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration