XML 118 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900

Stock options (Tables)

12 Months Ended

Oct. 31, 2015

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Computation of Weighted Average Fair Value of Employee Stock Options using Black-Scholes Option Pricing Model Assumptions

The fair value of each option granted in 2015 and 2014 was estimated on the grant date using the Black-Scholes option pricing model with the following assumptions:

		2015				2014
Weighted average volatility			52.2	%			54.4	%
Expected dividends			6.7	%			4.8	%
Expected term (in years)			5.4				5.6
Risk-free interest rate			1.17	%			1.31	%
Weighted average fair value of options granted during the year		$	1.09			$	1.83
Weighted average fair value of options vested during the year		$	4.78			$	4.24

Summary of Status of Options Granted under Stock Option Plans and Changes in Options Outstanding

Additional information regarding all of the Company's outstanding stock options at October 31, 2015 and 2014 and changes in outstanding stock options in 2015 and 2014 follows:

		2015						2014
		Shares or			Weighted			Shares or			Weighted
		Price Per			Average			Price Per			Average
		Share			Exercise Price			Share			Exercise Price
Options outstanding at beginning of year			1,044,932		$	3.27			988,215		$	2.24
Options granted			396,039		$	4.21			328,903		$	5.83
Options exercised			(153,837)		$	2.12			(204,683)		$	2.80
Options forfeited			(47,034)		$	5.11			(67,503)		$	2.10
Options outstanding at end of year			1,240,100		$	3.27			1,044,932		$	3.27
Options exercisable at end of year			782,648		$	3.02			748,843		$	2.38
Options vested and expected to vest at end of year			1,233,543		$	3.63			1,040,541		$	3.25
Option price range at end of year			$0.05 - $6.91						$0.05 - $6.91
Aggregate intrinsic value of options exercised during year		$	363,000					$	1,103,000

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration