EARNINGS PER SHARE (Tables)

6 Months Ended

Apr. 30, 2016

Reconciliation of Basic and Diluted Earnings Per Share

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,
	2016				2015				2016				2015
	Basic		Diluted		Basic		Diluted		Basic		Diluted		Basic		Diluted

Net income	$	3,674	$	3,674	$	3,961	$	3,961	$	7,569	$	7,569	$	7,727	$	7,727
Undistributed earnings allocated to participating shares		(21)		(21)		(23)		(23)		(43)		(43)		(45)		(45)
Net income applicable to common shareholders	$	3,653	$	3,653	$	3,938	$	3,938	$	7,526	$	7,526	$	7,682	$	7,682
Weighted average shares outstanding		6,570		6,570		6,547		6,547		6,564		6,564		6,535		6,535
Stock options and contingently issuable shares		—		71		—		42		—		66		—		43
		6,570		6,641		6,547		6,589		6,564		6,630		6,535		6,578

Income per share	$	0.56	$	0.56	$	0.60	$	0.60	$	1.15	$	1.14	$	1.17	$	1.17