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EARNINGS PER SHARE (Tables)
 6 Months Ended
Apr. 30, 2019
Earnings Per Share [Abstract]  
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,
 
 
 
2019
 
 
2018
 
 
2019
 
 
2018
 
 
 
Basic
 
 
Diluted
 
 
Basic
 
 
Diluted
 
 
Basic
 
 
Diluted
 
 
Basic
 
 
Diluted
 
Net income
 
$
5,252
 
 
$
5,252
 
 
$
3,751
 
 
$
3,751
 
 
$
11,906
 
 
$
11,906
 
 
$
6,688
 
 
$
6,688
 
Undistributed earnings allocated to participating shares
 
 
(44
)
 
 
(44
)
 
 
(23
)
 
 
(23
)
 
 
(100
)
 
 
(100
)
 
 
(41
)
 
 
(41
)
Net income applicable to common shareholders
 
$
5,208
 
 
$
5,208
 
 
$
3,728
 
 
$
3,728
 
 
$
11,806
 
 
$
11,806
 
 
$
6,647
 
 
$
6,647
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding
 
 
6,764
 
 
 
6,764
 
 
 
6,706
 
 
 
6,706
 
 
 
6,750
 
 
 
6,750
 
 
 
6,682
 
 
 
6,682
 
Stock options and contingently issuable securities
 
 
—
 
 
 
60
 
 
 
—
 
 
 
78
 
 
 
—
 
 
 
66
 
 
 
—
 
 
 
81
 
 
 
 
6,764
 
 
 
6,824
 
 
 
6,706
 
 
 
6,784
 
 
 
6,750
 
 
 
6,816
 
 
 
6,682
 
 
 
6,763
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income per share
 
$
0.77
 
 
$
0.76
 
 
$
0.55
 
 
$
0.55
 
 
$
1.75
 
 
$
1.73
 
 
$
0.99
 
 
$
0.98