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EARNINGS PER SHARE
 9 Months Ended
Jul. 31, 2025
NET INCOME PER SHARE:  
EARNINGS PER SHARE

NOTE 13 – EARNINGS PER SHARE

 

Basic earnings per share are calculated using our weighted-average outstanding common shares. Diluted earnings per share (reflecting the effect of all potentially dilutive securities – which are principally stock options and restricted stock grants) are calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method.

 

   Three Months   Three Months   Nine Months   Nine Months 
   Ended   Ended   Ended   Ended 
   July 31,   July 31,   July 31,   July 31, 
Fiscal Period  2025   2024   2025   2024 
Numerator:                    
Net Income  $1,282,985   $1,274,658   $3,104,722   $3,319,784 
                     
Denominator:                    
Basic weighted average common shares outstanding   11,237,654    11,173,819    11,226,665    11,157,799 
Unexercised portion of options and restricted stock awards   66,895    137,417    66,895    137,417 
Diluted outstanding shares   11,304,549    11,311,236    11,293,560    11,295,216 
                     
Net income per share                    
                     
Basic  $0.11   $0.11   $0.28   $0.30 
Diluted  $0.11   $0.11   $0.27   $0.29