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Stock-based compensation and equity transactions (Tables)
9 Months Ended
Jul. 31, 2019
Stock-based compensation and equity transactions  
Computation of Weighted Average Fair Value of Employee Stock Options using Black-Scholes Option Pricing Model Assumptions

Black-Scholes option pricing model with the following assumptions:

 

 

 

 

 

 

 

 

 

Nine Months Ended July 31, 

 

 

    

2019

    

2018

 

Risk-free interest rate

 

2.86

%  

1.87

%

Dividend yield

 

0.98

%  

3.28

%

Expected life of the option

 

5.90

years

4.54

years

Volatility factor

 

55.42

%  

46.83

%

 

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

A summary of the status of the options granted under the Company’s stock option plans as of July 31, 2019 and the changes in options outstanding during the nine months then ended is presented in the table that follows:

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

Average

 

    

Shares

    

Exercise Price

Outstanding at November 1, 2018

 

942,366

 

$

3.09

Options granted

 

124,097

 

$

8.16

Options exercised

 

(99,150)

 

$

4.17

Options canceled or expired

 

(5,250)

 

$

6.82

Options outstanding at July 31, 2019

 

962,063

 

$

3.61

Options exercisable at July 31, 2019

 

671,897

 

$

3.27

Options vested and expected to vest at July 31, 2019

 

961,004

 

$

3.61