XML 49 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jul. 31, 2014
Jul. 31, 2013
Jul. 31, 2014
Jul. 31, 2013
Net sales $ 5,536 $ 9,478 $ 17,150 $ 28,220
Cost of sales 3,048 5,530 9,328 15,755
Gross profit 2,488 3,948 7,822 12,465
Operating expenses:        
Engineering 228 200 697 599
Selling and general 1,632 1,987 5,395 6,283
Totals 1,860 2,187 6,092 6,882
Operating income 628 1,761 1,730 5,583
Other income - interest 7 5 22 13
Income from continuing operations before provision for income taxes 635 1,766 1,752 5,596
Provision for income taxes 277 489 670 1,574
Income from continuing operations 358 1,277 1,082 4,022
Income (loss) from discontinued operations, net of tax 14 (360) 32 (445)
Net income $ 372 $ 917 $ 1,114 $ 3,577
Earnings per share - Basic:        
Continuing operations $ 0.05 $ 0.16 $ 0.14 $ 0.54
Discontinued operations $ 0.00 $ (0.04) $ 0.00 $ (0.06)
Net income per share $ 0.05 $ 0.12 $ 0.14 $ 0.48
Earnings per share - Diluted:        
Continuing operations $ 0.04 $ 0.15 $ 0.13 $ 0.48
Discontinued operations $ 0.00 $ (0.04) $ 0.00 $ (0.05)
Net income per share $ 0.04 $ 0.11 $ 0.13 $ 0.43
Weighted average shares outstanding:        
Basic 8,250,042 7,798,608 8,200,476 7,492,137
Diluted 8,718,656 8,559,635 8,763,593 8,362,978