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Net Income Per Shar
 3 Months Ended
Jan. 31, 2012
Net Income Per Share [Abstract]  
Net Income Per Share

(8) Net Income Per Share

Basic net income per share excludes dilution and is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted net income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the net income of the Company.

 

The following is a reconciliation of the numerators and denominators of the net income per share computations for the periods presented:

Three months ended January 31, 2012 Net income
attributable to OCC
(numerator)		 Shares
(denominator)		 Per share
amount
Basic net income per share $ 192,444 6,287,761 $ 0.03
Effect of dilutive stock options   — —    
Diluted net income per share $ 192,444 6,287,761 $ 0.03

 

Three months ended January 31, 2011 Net income
attributable to OCC
(numerator)		 Shares
(denominator)		 Per share
amount
Basic net income per share $ 402,311 6,258,713 $ 0.06
Effect of dilutive stock options   — —    
Diluted net income per share $ 402,311 6,258,713 $ 0.06

 

Stock options that could potentially dilute net income per share in the future that were not included in the computation of diluted net income per share (because to do so would have been antidilutive for the periods presented) totaled 131,388 and 165,639 for the three months ended January 31, 2012 and 2011, respectively.

Unvested shares as of January 31, 2012 and 2011, totaling 313,146 and 295,199, respectively, were included in the computation of basic and diluted net income per share for the three months ended January 31, 2012 and 2011 (because to exclude such shares would have been antidilutive, or in other words, excluding such shares would have increased net income per share).