CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
Oct. 31, 2019	Oct. 31, 2018
CONSOLIDATED STATEMENTS OF OPERATIONS
Net sales	$ 55,325	$ 50,196
Cost of sales	39,688	33,096
Gross profit	15,637	17,100
Operating expenses:
Engineering	1,468	1,480
Selling and general	9,710	8,173
Total operating expenses	11,178	9,653
Operating income	4,459	7,447
Other income	98	47
Income from continuing operations before provision for income taxes	4,557	7,494
Provision for income taxes	1,036	1,468
Income from continuing operations	3,521	6,026
Loss from discontinued operations, net of tax	0	(180)
Consolidated net income	$ 3,521	$ 5,846
Earnings (loss) per share
Continuing operations	$ 0.38	$ 0.66
Discontinued operations	0.00	(0.02)
Net income per share	0.38	0.64
Earnings (loss) per share
Continuing operations	0.36	0.63
Discontinued operations	0.00	(0.02)
Net income per share	$ 0.36	$ 0.61
Weighted average shares outstanding
Basic	9,358,836	9,105,406
Diluted	9,854,604	9,593,066

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.2(a),(d))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227