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EARNINGS PER SHARE | 3 Months Ended
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Jan. 31, 2023
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): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | January 31,
​ | ​ | 2023 | ​ | 2022
​ |  | Basic |  | Diluted |  | Basic |  | Diluted
Net income | ​ | $ | 1,330 | ​ | $ | 1,330 | ​ | $ | 3,535 | ​ | $ | 3,535
Undistributed earnings allocated to participating shares | ​ |  | (18) | ​ |  | (18) | ​ |  | (39) | ​ |  | (39)
Net income applicable to common shareholders | ​ | $ | 1,312 | ​ | $ | 1,312 | ​ | $ | 3,496 | ​ | $ | 3,496
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average shares outstanding | ​ |  | 6,583 | ​ |  | 6,583 | ​ |  | 6,616 | ​ |  | 6,616
Stock options and contingently issuable securities | ​ |  | — | ​ |  | 39 | ​ |  | — | ​ |  | 26
​ | ​ |  | 6,583 | ​ |  | 6,622 | ​ |  | 6,616 | ​ |  | 6,642
Income per share | ​ | $ | 0.20 | ​ | $ | 0.20 | ​ | $ | 0.53 | ​ | $ | 0.53
​

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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