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EARNINGS PER SHARE
 6 Months Ended
Apr. 30, 2020
EARNINGS PER SHARE  
EARNINGS PER SHARE

6.    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 (loss) per share is determined using net income (loss) 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 April 30, 

 

Six Months Ended April 30, 

 

 

2020

 

2019

 

2020

 

2019

 

    

Basic

    

Diluted

    

Basic

    

Diluted

    

Basic

    

Diluted

    

Basic

    

Diluted

Net income (loss)

 

$

(3,927)

 

$

(3,927)

 

$

5,252

 

$

5,252

 

$

(4,820)

 

$

(4,820)

 

$

11,906

 

$

11,906

Undistributed earnings allocated to participating shares

 

 

41

 

 

41

 

 

(44)

 

 

(44)

 

 

51

 

 

51

 

 

(100)

 

 

(100)

Net income (loss) applicable to common shareholders

 

$

(3,886)

 

$

(3,886)

 

$

5,208

 

$

5,208

 

$

(4,769)

 

$

(4,769)

 

$

11,806

 

$

11,806

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

6,739

 

 

6,739

 

 

6,764

 

 

6,764

 

 

6,760

 

 

6,760

 

 

6,750

 

 

6,750

Stock options and contingently issuable securities

 

 

 —

 

 

 —

 

 

 —

 

 

60

 

 

 —

 

 

 —

 

 

 —

 

 

66

 

 

 

6,739

 

 

6,739

 

 

6,764

 

 

6,824

 

 

6,760

 

 

6,760

 

 

6,750

 

 

6,816

 

 

 

  

 

 

  

 

 

  

 

 

  

 

 

 

 

 

 

 

 

 

 

 

  

Income (loss) per share

 

$

(0.58)

 

$

(0.58)

 

$

0.77

 

$

0.76

 

$

(0.71)

 

$

(0.71)

 

$

1.75

 

$

1.73