XML 27 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
EARNINGS PER SHARE
 3 Months Ended
Jan. 31, 2012
EARNINGS PER SHARE
4. EARNINGS PER SHARE

 

Per share results have been computed based on the average number of common shares outstanding. The computation of basic and diluted net income per share is determined using net income applicable to common shareholders as the numerator and the number of shares included in the denominator as follows (in thousands, except per share amounts):

 

    Three months ended  
    January 31,  
    2012     2011  
(in thousands, except per share amount)   Basic     Diluted     Basic     Diluted  
                         
Net income   $ 4,633     $ 4,633     $ 1,546     $ 1,546  
Undistributed earnings                                
Allocated to participating shares     (39 )     (39 )     (6 )     (6 )
Net income  applicable to common shareholders   $ 4,594     $ 4,594     $ 1,540     $ 1,540  
Weighted average shares outstanding     6,441       6,441       6,441       6,441  
Stock options     —       25       —       22  
      6,441       6,466       6,441       6,463  
Income  per share   $ 0.71     $ 0.71     $ .24     $ .24