EARNINGS PER SHARE (Tables)

9 Months Ended

Jul. 31, 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								Nine Months Ended
	July 31,								July 31,
	2016				2015				2016				2015
	Basic		Diluted		Basic		Diluted		Basic		Diluted		Basic		Diluted
Net income	$	2,720	$	2,720	$	3,683	$	3,683	$	10,289	$	10,289	$	11,410	$	11,410
Undistributed earnings allocated to participating shares		(16)		(16)		(21)		(21)		(59)		(59)		(66)		(66)
Net income applicable to common shareholders	$	2,704	$	2,704	$	3,662	$	3,662	$	10,230	$	10,230	$	11,344	$	11,344
Weighted average shares outstanding		6,573		6,573		6,552		6,552		6,567		6,567		6,540		6,540
Stock options and contingently issuable shares		—		72		—		42		—		72		—		44
		6,573		6,645		6,552		6,594		6,567		6,639		6,540		6,584

Income per share	$	0.41	$	0.40	$	0.56	$	0.55	$	1.56	$	1.54	$	1.73	$	1.72