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Note 2 - Stock Compensation

6 Months Ended

Apr. 30, 2021

Share-based Payment Arrangement [Text Block]

2.	Stock Compensation

For the three and six months ended April 30, 2021, the Company’s total stock-based compensation expense was $0.9 million (pre and post tax) and $1.8 million (pre and post tax), respectively. For the three and six months ended April 30, 2020, the Company’s total stock-based compensation income was $0.1 million and $0.2 million, respectively, net of expense of $0.3 million and $0.9 million, respectively, as a result of the cancellation of certain market stock units awards based on performance conditions which were not met and a reduction in certain long-term incentive program shares with respect to which performance conditions are no longer expected to meet target. Included in total stock-based compensation expense was the vesting of stock options of $0.1 million for both the three and six months ended April 30, 2021, and $0.1 million and $0.3 million for the three and six months ended April 30, 2020, respectively. See Item 2 "Management's Discussion and Analysis of Financial Condition and Results of Operation" for a discussion of our phantom stock awards under our 2019 Long Term Incentive Plan (“2019 LTIP”), the expense for which varies depending on our common stock price, which has significantly increased.