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Basic and Diluted Net (Loss) Income Per Share (Tables)

9 Months Ended

Jul. 31, 2023

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net (Loss) Income Per Common Share

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


			Three Months Ended July 31,												Nine Months Ended July 31,
			2023						2022						2023						2022
Basic net (loss) income per common share:
Net (loss) income applicable to common stock			$	(1,288)					$	7,252					$	12,479					$	2,044
Effect of unvested, restricted stock			(27)						(79)						(194)						(42)
Numerator: Net (loss) income for basic EPS			(1,315)						7,173						12,285						2,002
Denominator: Weighted average common shares-basic			17,621						17,529						17,597						17,481
Basic net (loss) income per common share			$	(0.07)					$	0.41					$	0.70					$	0.11

Diluted net (loss) income per common share:
Net (loss) income for basic EPS			$	(1,315)					$	7,173					$	12,285					$	2,002
Effect of dilutive preferred stock			—						125						376						—
Numerator: Net (loss) income for diluted EPS			(1,315)						7,298						12,661						2,002
Weighted average common shares–basic			17,621						17,529						17,597						17,481
Effect of dilutive preferred stock			—						805						784						—
Denominator: Weighted average common shares–diluted			17,621						18,334						18,381						17,481
Diluted net (loss) income per common share			$	(0.07)					$	0.40					$	0.69					$	0.11