XML 46 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
EARNINGS PER SHARE
 6 Months Ended
Apr. 30, 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     Six months ended  
    April 30,     April 30,  
    2014     2013     2014     2013  
                                                 
    Basic     Diluted     Basic     Diluted     Basic     Diluted     Basic     Diluted  
                                                 
Net income   $ 3,536     $ 3,536     $ 3,183     $ 3,183     $ 5,905     $ 5,905     $ 5,437     $ 5,437  
Undistributed earnings allocated to participating shares     (28 )     (28 )     (33 )     (33 )     (47 )     (47 )     (57 )     (57 )
Net income applicable to common shareholders   $ 3,508     $ 3,508     $ 3,150     $ 3,150     $ 5,858     $ 5,858     $ 5,380     $ 5,380  
Weighted average shares outstanding     6,498       6,498       6,452       6,452       6,487       6,487       6,449       6,449  
Stock options     -       33       -       44       -       33       -       40  
      6,498       6,531       6,452       6,496       6,487       6,520       6,449       6,489  
                                                                 
Income per share   $ 0.54     $ 0.54     $ 0.49     $ 0.48     $ 0.90     $ 0.90     $ 0.83     $ 0.83