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QUARTERLY FINANCIAL INFORMATION

12 Months Ended

Oct. 31, 2019

QUARTERLY FINANCIAL INFORMATION

QUARTERLY FINANCIAL INFORMATION

14. QUARTERLY FINANCIAL INFORMATION (Unaudited)


		First			Second			Third			Fourth
		Quarter			Quarter			Quarter			Quarter
2019 (In thousands, except per share data)
Sales and service fees		$	74,213		$	70,674		$	58,501		$	59,989
Gross profit			22,142			21,637			17,189			16,240
Gross profit margin			30	%		31	%		29	%		27	%
Selling, general and administrative expenses			13,914			14,111			12,592			14,051
Operating income			8,228			7,526			4,597			2,189
Provision for income taxes			2,453			2,481			1,155			(260)
Net income			6,654			5,252			3,491			2,098
Income per common share – basic		$	0.98		$	0.77		$	0.51		$	0.31
Income per common share – diluted		$	0.97		$	0.76		$	0.51		$	0.31


		First			Second			Third			Fourth
		Quarter			Quarter			Quarter			Quarter
2018 (In thousands, except per share data)
Sales and service fees		$	68,444		$	70,424		$	78,752		$	83,051
Gross profit			20,121			19,313			24,521			27,851
Gross profit margin			29	%		27	%		31	%		34	%
Selling, general and administrative expenses			12,966			13,320			15,160			16,564
Operating income			7,155			5,993			9,361			11,287
Provision for income taxes			4,500			1,656			2,511			2,339
Net income			2,937			3,751			6,500			8,302
Income per common share – basic		$	0.44		$	0.55		$	0.96		$	1.24
Income per common share – diluted		$	0.43		$	0.55		$	0.95		$	1.22