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EARNINGS PER SHARE
 9 Months Ended
Jul. 31, 2015
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE

5.    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 Nine Months Ended 
July 31, July 31, 
2015 2014  2015  2014 
Basic Diluted  Basic  Diluted  Basic  Diluted  Basic  Diluted 
Net income $3,683  $3,683  $4,375  $4,375  $11,410  $11,410  $10,280  $10,280 
Undistributed earnings allocated to participating shares  (21)  (21)  (35)  (35)  (66)  (66)  (83)  (83)
Net income applicable to common shareholders $3,662  $3,662  $4,340  $4,340  $11,344  $11,344  $10,197  $10,197 
Weighted average shares outstanding  6,552   6,552   6,505   6,505   6,540   6,540   6,493   6,493 
Stock options  —   42   —   43   —   44   —   36 
   6,552   6,594   6,505   6,548   6,540   6,584   6,493   6,529 
                                 
Income per share $0.56  $0.55  $0.67  $0.66  $1.73  $1.72  $1.57  $1.56