QUARTERLY HIGHLIGHTS

12 Months Ended

Oct. 31, 2014

14. QUARTERLY HIGHLIGHTS (Unaudited)

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2014 (In thousands, except per share data)
Sales and service fees	$	50,970		$	53,731		$	55,379		$	62,223
Gross profit		13,919			16,629			18,012			20,052
Gross profit margin		27	%		31	%		33	%		32	%
Selling, general and administrative expenses		10,600			11,206			11,869			12,940
Operating income		3,319			5,423			6,143			7,112
Provision for income taxes		904			1,585			1,684			2,045
Net income		2,369			3,536			4,375			4,863
Income per common share – basic	$	0.36		$	0.54		$	0.67		$	0.74
Income per common share – diluted	$	0.36		$	0.54		$	0.66		$	0.74

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2013 (In thousands, except per share data)
Sales and service fees	$	44,085		$	49,619		$	45,158		$	53,942
Gross profit		12,916			15,283			11,715			15,142
Gross profit margin		29	%		31	%		26	%		28	%
Selling, general and administrative expenses		8,920			10,679			10,012			11,802
Operating income		3,996			4,604			1,703			3,340
Provision for income taxes		1,445			1,329			263			1,215
Net income		2,254			3,183			854			1,899
Income per common share – basic	$	0.35		$	0.49		$	0.13		$	0.29
Income per common share – diluted	$	0.34		$	0.48		$	0.13		$	0.29

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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