XML 31 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
Shareholders' Equity
 6 Months Ended
Apr. 30, 2012
Shareholders' Equity [Abstract]  
Shareholders' Equity

(9) Shareholders' Equity

Effective November 1, 2011, the Company's Board of Directors approved a plan to purchase and retire up to 200,000 shares of the Company's common stock, or approximately 3% of the shares then outstanding. The Company anticipates that the purchases will be made over a 12- to 24-month period unless the entire number of shares expected to be purchased under the plan is sooner acquired. As of April 30, 2012, no shares have been purchased under the plan, and 6,693,638 shares of the Company's common stock were outstanding.

On April 16, 2012, the Company declared a quarterly cash dividend of $0.015 per share on its common stock totaling $100,531. This amount is included in accounts payable and accrued expenses in the accompanying condensed consolidated balance sheet as of April 30, 2012.