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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2015
Jul. 31, 2014
Jul. 31, 2015
Jul. 31, 2014
Net sales $ 8,899 $ 5,536 $ 23,868 $ 17,150
Cost of sales 6,064 3,048 15,464 9,328
Gross profit 2,835 2,488 8,404 7,822
Operating expenses:        
Engineering 247 228 688 697
Selling and general 2,455 1,632 6,833 5,395
Totals 2,702 1,860 7,521 6,092
Operating income 133 628 883 1,730
Other income - interest 5 7 19 22
Income from continuing operations before provision for income taxes 138 635 902 1,752
Provision (benefit) for income taxes (44) 277 220 670
Income from continuing operations 182 358 682 1,082
Income from discontinued operations, net of tax 29 14 42 32
Net income $ 211 $ 372 $ 724 $ 1,114
Earnings per share - Basic:        
Continuing operations $ 0.02 $ 0.05 $ 0.08 $ 0.14
Discontinued operations 0 0 0.01 0.00
Net income per share 0.02 0.05 0.09 0.14
Earnings per share - Diluted:        
Continuing operations 0.02 0.04 0.08 0.13
Discontinued operations 0 0 0 0.00
Net income per share $ 0.02 $ 0.04 $ 0.08 $ 0.13
Weighted average shares outstanding:        
Basic 8,545,300 8,250,042 8,446,223 8,200,476
Diluted 8,916,643 8,718,656 8,820,438 8,763,593