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Earnings Per Share
9 Months Ended
Jul. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic net income or 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 or loss per common share is calculated using the weighted-average number of common shares outstanding during the period plus the dilutive effect of unvested, restricted stock and conversion of preferred stock. The computations for basic and diluted net income or loss per common share are as follows (in thousands, except per share data):
 Three Months Ended
July 31,
Nine Months Ended
July 31,
 2025202420252024
Basic net (loss) income per common share:  
Net (loss) income applicable to common stock$(980)$6,468 $(7,666)$9,199 
Effect of unvested, restricted stock(16)(95)(52)(153)
Numerator: Net (loss) income for basic EPS(996)6,373 (7,718)9,046 
Denominator: Weighted average common shares–basic17,854 17,756 17,823 17,701 
Basic net (loss) income per common share$(0.06)$0.36 $(0.43)$0.51 
Diluted net (loss) income per common share:  
Net (loss) income for basic EPS$(996)$6,373 $(7,718)$9,046 
Effect of dilutive preferred stock— 125 — — 
Numerator: Net (loss) income for diluted EPS(996)6,498 (7,718)9,046 
Weighted average common shares–basic17,854 17,756 17,823 17,701 
Effect of dilutive preferred stock— 607 — — 
Denominator: Weighted average common shares–diluted17,854 18,363 17,823 17,701 
Diluted net (loss) income per common share$(0.06)$0.35 $(0.43)$0.51 
Diluted net income or loss per common share is 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. Diluted net (loss) income per common share was calculated under the two-class method for the three and nine months ended July 31, 2025 and 2024.