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Basic and Diluted Net Income per Share (Tables)

9 Months Ended

Jul. 31, 2022

Earnings Per Share [Abstract]

Schedule of Net Loss per Share

The computations for basic and diluted net loss per common share are as follows (in thousands, except per share amounts):


			Three Months Ended July 31,												Nine Months Ended July 31,
			2022						2021						2022						2021
Basic net income per common share:
Net income applicable to common stock			$	7,252					$	3,580					$	2,044					$	1,054
Less: Earnings allocated to unvested, restricted stock			(79)						(15)						(42)						(50)
Numerator: Net income for basic EPS			7,173						3,565						2,002						1,004
Denominator: Weighted average common shares-basic			17,529						17,461						17,481						17,439
Basic net income per common share			$	0.41					$	0.20					$	0.11					$	0.06


Diluted net income per common share:
Net income for basic EPS			$	7,173					$	3,565					$	2,002					$	1,004
Effect of dilutive unvested, restricted stock and preferred stock			125						140						—						—
Numerator: Net income for diluted EPS			$	7,298					$	3,705					2,002						1,004
Weighted average common shares–basic			17,529						17,461						17,481						17,439
Effect of dilutive unvested, restricted stock and preferred stock			805						782						—						—
Denominator: Weighted average common shares–diluted			18,334						18,243						17,481						17,439
Diluted net income per common share			$	0.40					$	0.20					$	0.11					$	0.06