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EARNINGS PER SHARE
 3 Months Ended
Jan. 31, 2019
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 over the period in question. 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 January 31,
 
 
 
2019
 
 
2018
 
 
 
Basic
 
 
Diluted
 
 
Basic
 
 
Diluted
 
Net income
 
$
6,654
 
 
$
6,654
 
 
$
2,937
 
 
$
2,937
 
Undistributed earnings allocated to participating shares
 
 
(53
)
 
 
(53
)
 
 
(21
)
 
 
(21
)
Net income applicable to common shareholders
 
$
6,601
 
 
$
6,601
 
 
$
2,916
 
 
$
2,916
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding
 
 
6,735
 
 
 
6,735
 
 
 
6,659
 
 
 
6,659
 
Stock options and contingently issuable securities
 
 
—
 
 
 
72
 
 
 
—
 
 
 
86
 
 
 
 
6,735
 
 
 
6,807
 
 
 
6,659
 
 
 
6,745
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income per share
 
$
0.98
 
 
$
0.97
 
 
$
0.44
 
 
$
0.43