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Basic and Diluted Net Income (Loss) per Share
 9 Months Ended
Jul. 31, 2020
Earnings Per Share [Abstract]  
Basic and Diluted Net Income (Loss) per Share Basic and Diluted Net Income (Loss) per Share
Basic net income (loss) per common share is calculated using the weighted-average number of common shares outstanding during the period without consideration of the dilutive effect of conversion of preferred stock. Diluted net income (loss) per common share is calculated using the weighted-average number of common shares outstanding during the period plus the dilutive effect of conversion of unvested, restricted stock and preferred stock. The computations for basic and diluted net income (loss) per common share are as follows (in thousands, except per share amounts):
 Three Months Ended
July 31,		Nine Months Ended
July 31,
 2020201920202019
Basic net income (loss) per common share:  
Net income (loss) applicable to common stock$2,184 $(1,115)$(9,377)$(3,244)
Effect of unvested, restricted stock(17)(16)(50)(49)
Numerator: Net income (loss) for basic EPS2,167 (1,131)(9,427)(3,293)
Denominator: Weighted average common shares-basic17,623 17,554 17,607 17,527 
Basic net income (loss) per common share$0.12 $(0.06)$(0.54)$(0.19)
Diluted net income (loss) per common share:  
Numerator: Net income (loss) for diluted EPS$2,309 $(1,131)$(9,427)$(3,293)
Weighted average common shares–basic17,623 17,554 17,607 17,527 
Effect of dilutive unvested, restricted stock and preferred stock874 — — — 
Denominator: Weighted average common shares–diluted18,497 17,554 17,607 17,527 
Diluted net income (loss) per common share$0.12 $(0.06)$(0.54)$(0.19)

Diluted earnings (losses) per common share are computed using the more dilutive method of either the two-class method or the treasury stock method. Unvested stock-based compensation awards that contain non-forfeitable rights to dividends as participating shares are included in computing earnings per share. The Company’s unvested, restricted stock awards qualify as participating shares. The Company excluded 225,000 and 149,000, unvested, restricted shares, as calculated under the treasury stock method, from its computation of diluted earnings (losses) per share for the three months ended July 31, 2020 and 2019, respectively, and 187,000 and 135,000 for the nine months ended July 31, 2020 and 2019, respectively.