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QUARTERLY FINANCIAL INFORMATION (Unaudited)

12 Months Ended

Oct. 31, 2020

QUARTERLY FINANCIAL INFORMATION (Unaudited)

QUARTERLY FINANCIAL INFORMATION (Unaudited)

14.     QUARTERLY FINANCIAL INFORMATION (Unaudited)

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​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	First		​	Second		​	Third		​	Fourth
​		Quarter			Quarter			Quarter			Quarter
2020 (In thousands, except per share data)	​	​	​	​	​	​	​	​	​	​	​	​	​
Sales and service fees	​	$	43,660		$	37,126		$	45,382		$	44,459
Gross profit	​		9,159			6,709			11,069			9,520
Gross profit margin	​		21	%		18	%		24	%		21	%
Selling, general and administrative expenses	​		10,846			10,599			9,627			10,344
Goodwill impairment	​	​	—	​	​	—	​	​	—	​	​	4,903	​
Operating income (loss)	​		(1,687)			(3,890)			1,442			(5,727)
Provision (benefit) for income taxes	​		(597)			(765)			(937)			(2,257)
Net income (loss)	​		(893)			(3,927)			2,162			(3,589)
Income (loss) per common share – basic	​	$	(0.13)		$	(0.58)		$	0.32		$	(0.54)
Income (loss) per common share – diluted	​	$	(0.13)		$	(0.58)		$	0.32		$	(0.54)

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​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	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 (benefit) 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

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- References

No definition available.

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- Definition

The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-URI http://asc.fasb.org/topic&trid=2126967

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