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Stock-based Compensation and Treasury Stock	6 Months Ended
Stock-based Compensation and Treasury Stock	Apr. 30, 2022
Share-based Payment Arrangement [Abstract]
Stock-based Compensation and Treasury Stock	Stock-based Compensation and Treasury Stock Stock-based Compensation The Company has a stock-based compensation plan (the “Stock Plan”) that allows for the grant of common stock of the Company to members of management, key executives and non-employee directors. The fair value of such awards is based on the fair value of the Company’s stock on the date of grant and all are classified as equity awards. Performance Awards Certain restricted stock grants are made to management each December under the Stock Plan based on the achievement of certain annual financial performance and other criteria achieved during the previous fiscal year (“Performance Awards”). The Performance Awards are based on a percentage of the employee’s base salary divided by the stock price on the grant date once the performance criteria has been met, and generally vest over a two-year period as service is provided. There were no Performance Awards granted for fiscal year 2021 because the financial performance and other criteria were not met. Executive Awards Certain restricted stock grants are made to key executives under the Stock Plan (“Executive Awards”). Executive awards generally vest over a three to five-year period as service is provided. During December 2021, the Company granted 70,000 shares of common stock with a per share price of $14.96 to key executives under the Stock Plan, of which 15,000 shares were forfeited on February 1, 2022 pursuant to a key executive's severance agreement. The related compensation expense after forfeiture of approximately $823,000 will be recognized equally over the next three years as the shares vest. 17. Stock-based Compensation and Treasury Stock (continued) Stock-based Compensation (continued) Director Awards On an annual basis, the Company generally issues shares of common stock to non-employee directors under the Stock Plan (“Director Awards”). During March 2022, 46,279 shares of common stock were granted as Director Awards, which vest over a one-year period from date of grant. The related stock-based compensation of approximately $627,000 will be recognized equally over the next year as the shares vest. During January 2021, 27,815 shares of common stock were granted as Director Awards that vested upon grant. The Company recognized $469,000 of stock-based compensation to non-employee directors during the six months ended 2021. During the six months ended April 30, 2022 and 2021, members of management exchanged 68,080 and 46,993 shares of common stock with fair values of $1,086,000 and $701,000, respectively, at the date of the exchanges, for the payment of payroll taxes associated with the vesting of shares under the Stock Plan. Treasury Stock Share Repurchase Program In fiscal year 2021, the Company's Board of Directors approved a share repurchase program authorizing the Company to repurchase up to $10,000,000 of its outstanding shares of common stock through September 2022. No shares have been repurchased under this program.