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EARNINGS PER SHARE
 9 Months Ended
Jul. 31, 2019
EARNINGS PER SHARE  
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 July 31, 

 

Nine Months Ended July 31, 

 

 

2019

 

2018

 

2019

 

2018

 

    

Basic

    

Diluted

    

Basic

    

Diluted

    

Basic

    

Diluted

    

Basic

    

Diluted

Net income

 

$

3,491

 

$

3,491

 

$

6,500

 

$

6,500

 

$

15,397

 

$

15,397

 

$

13,188

 

$

13,188

Undistributed earnings allocated to participating shares

 

 

(29)

 

 

(29)

 

 

(40)

 

 

(40)

 

 

(130)

 

 

(130)

 

 

(81)

 

 

(81)

Net income applicable to common shareholders

 

$

3,462

 

$

3,462

 

$

6,460

 

$

6,460

 

$

15,267

 

$

15,267

 

$

13,107

 

$

13,107

 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Weighted average shares outstanding

 

 

6,767

 

 

6,767

 

 

6,717

 

 

6,717

 

 

6,756

 

 

6,756

 

 

6,694

 

 

6,694

Stock options and contingently issuable securities

 

 

 —

 

 

46

 

 

 —

 

 

71

 

 

 —

 

 

59

 

 

 —

 

 

80

 

 

 

6,767

 

 

6,813

 

 

6,717

 

 

6,788

 

 

6,756

 

 

6,815

 

 

6,694

 

 

6,774

 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Income per share

 

$

0.51

 

$

0.51

 

$

0.96

 

$

0.95

 

$

2.26

 

$

2.24

 

$

1.95

 

$

1.93