EQUITY INCENTIVE PLAN (Tables)

9 Months Ended

Jul. 31, 2012

A summary of stock option activity for the nine-month period ended July 31, 2012, is as follows:

	Stock Options			Weighted Average Exercise Price

Outstanding at October 31, 2011		115,369		$	20.66

Options granted		45,236			21.45
Options exercised		(500	)		2.15
Options cancelled		—			—

Outstanding at July 31, 2012		160,105		$	20.94

Summarized Information about Outstanding Stock Options that have Already Vested and those that are Expected to Vest, as well as Stock Options that are Currently Exercisable

Summarized information about outstanding stock options as of July 31, 2012, that have already vested and those that are expected to vest, as well as stock options that are currently exercisable, are as follows:

	Options already vested and expected to vest		Options currently exercisable

Number of outstanding options		160,105		91,202

Weighted average remaining contractual life (years)		7.16		4.76
Weighted average exercise price per share	$	20.94	$	22.02

Intrinsic value of outstanding options	$	329,000	$	219,000

Reconciliation of Restricted Stock Activity and Related Information

A reconciliation of the Company’s restricted stock activity and related information is as follows:

	Number of Shares			Weighted Average Grant Date Fair Value
Unvested at October 31, 2011		30,859		$	24.38
Shares granted		30,718			22.62
Shares vested		(5,859	)		(29.86	)
Shares cancelled		—			—
Unvested at July 31, 2012		55,718		$	22.84