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EARNINGS PER SHARE
 6 Months Ended
Apr. 30, 2022
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):

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Three Months Ended

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Six Months Ended

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April 30, 

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April 30, 

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2022

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2021

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2022

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2021

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Basic

    

Diluted

    

Basic

    

Diluted

    

Basic

    

Diluted

    

Basic

    

Diluted

    

Net income (loss)

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$

2,029

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$

2,029

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$

2,437

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$

2,437

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$

5,564

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$

5,564

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$

3,100

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$

3,100

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Undistributed earnings (loss) allocated to participating shares

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(24)

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(24)

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(27)

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(27)

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(65)

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(65)

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(34)

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(34)

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Net income (loss) applicable to common shareholders

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$

2,005

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$

2,005

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$

2,410

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$

2,410

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$

5,499

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$

5,499

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$

3,066

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$

3,066

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Weighted average shares outstanding

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6,571

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6,571

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6,596

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6,596

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6,594

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6,594

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6,585

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6,585

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Stock options and contingently issuable securities

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—

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69

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—

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16

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—

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47

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—

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13

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6,571

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6,640

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6,596

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6,612

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6,594

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6,641

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6,585

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6,598

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Income (loss) per share

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$

0.30

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$

0.30

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$

0.37

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$

0.36

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$

0.83

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$

0.83

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$

0.47

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$

0.46

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