XML 47 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
EARNINGS PER SHARE
 3 Months Ended
Jan. 31, 2014
EARNINGS PER SHARE [Abstract]  
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 outstanding as the denominator as follows (in thousands, except per share amounts):

 

    Three months ended  
    January 31,  
    2014     2013  
    Basic     Diluted     Basic     Diluted  
                         
Net income   $ 2,369     $ 2,369     $ 2,254     $ 2,254  
Undistributed earnings allocated to participating shares     (20 )     (20 )     (24 )     (24 )
Net income applicable to common shareholders   $ 2,349     $ 2,349     $ 2,230     $ 2,230  
Weighted average shares outstanding     6,477       6,477       6,447       6,447  
Stock options     -         37       -         37  
      6,477       6,514       6,447       6,484  
                                 
Income per share   $ 0.36     $ 0.36     $ 0.35     $ 0.34