EARNINGS PER SHARE (Tables)

9 Months Ended

Jul. 31, 2019

Schedule of computation of basic and diluted net income 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 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