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Net Income (Loss) Per Share
 6 Months Ended
Apr. 30, 2012
Net Income (Loss) Per Share [Abstract]  
Net Income (Loss) Per Share

(8) Net Income (Loss) Per Share

Basic net income (loss) per share excludes dilution and is computed by dividing net income (loss) available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted net income (loss) 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 (loss) of the Company.

The following is a reconciliation of the numerators and denominators of the net income (loss) per share computations for the periods presented:
  Net income      
  attributable to OCC Shares Per share
Three months ended April 30, 2012 (numerator) (denominator) amount
Basic net income per share $ 948,925 6,391,176 $ 0.15
Effect of dilutive stock options   — —    
Diluted net income per share $ 948,925 6,391,176 $ 0.15

 

  Net loss          
  attributable to OCC Shares Per share
Three months ended April 30, 2011 (numerator) (denominator) amount
Basic net loss per share $ (89,843 ) 5,742,209 $ (0.02 )
Effect of dilutive stock options   —   —      
Diluted net loss per share $ (89,843 ) 5,742,209 $ (0.02 )

 

  Net income      
  attributable to OCC Shares Per share
Six months ended April 30, 2012 (numerator) (denominator) amount
Basic net income per share $ 1,141,369 6,338,900 $ 0.18
Effect of dilutive stock options   — —    
Diluted net income per share $ 1,141,369 6,338,900 $ 0.18

 

  Net income      
  attributable to OCC Shares Per share
Six months ended April 30, 2011 (numerator) (denominator) amount
Basic net income per share $ 312,468 6,262,317 $ 0.05
Effect of dilutive stock options   — —    
Diluted net income per share $ 312,468 6,262,317 $ 0.05

 

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 5,000 for the three months and six months ended April 30, 2012, respectively, and 160,640 and 165,640 for the three months and six months ended April 30, 2011, respectively.

Unvested shares as of April 30, 2012 totaling 672,004 were included in the computation of basic and diluted net income per share for the three months and six months ended April 30, 2012 (because to exclude such shares would have been antidilutive, or in other words, excluding such shares would have increased net income per share).

Unvested shares as of April 30, 2011, totaling 523,833, were not included in the computation of basic and diluted net loss per share for the three months ended April 30, 2011 (because to include such shares would have been antidilutive, or in other words, including such shares would have reduced the net loss per share). Unvested shares as of April 30, 2011, totaling 523,833, were included in the computation of basic and diluted net income per share for the six months ended April 30, 2011 (because to exclude such shares would have been antidilutive, or in other words, excluding such shares would have increased net income per share).