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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Apr. 30, 2014
Apr. 30, 2013
Apr. 30, 2014
Apr. 30, 2013
Net sales $ 5,764 $ 8,847 $ 11,614 $ 18,742
Cost of sales 3,012 4,895 6,280 10,225
Gross profit 2,752 3,952 5,334 8,517
Operating expenses:        
Engineering 214 204 470 399
Selling and general 1,775 1,944 3,762 4,296
Totals 1,989 2,148 4,232 4,695
Operating income 763 1,804 1,102 3,822
Other income - interest 7 6 14 8
Income from continuing operations before provision for income taxes 770 1,810 1,116 3,830
Provision for income taxes 310 522 393 1,085
Income from continuing operations 460 1,288 723 2,745
Income (loss) from discontinued operations, net of tax 18 (110) 19 (85)
Net income $ 478 $ 1,178 $ 742 $ 2,660
Basic        
Continuing operations $ 0.06 $ 0.17 $ 0.09 $ 0.37
Discontinued operations $ 0.00 $ (0.02) $ 0.00 $ (0.01)
Net income per share $ 0.06 $ 0.15 $ 0.09 $ 0.36
Diluted        
Continuing operations $ 0.05 $ 0.15 $ 0.08 $ 0.33
Discontinued operations $ 0.00 $ (0.01) $ 0.00 $ (0.01)
Net income per share $ 0.05 $ 0.14 $ 0.08 $ 0.32
Weighted average shares outstanding        
Basic 8,208,278 7,610,309 8,175,376 7,337,101
Diluted 8,746,358 8,461,544 8,789,752 8,249,455