XML 44 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Net Income Per Share
 9 Months Ended
Jul. 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:

    Net income      
    attributable to OCC Shares   Per share
Three months ended July 31, 2012   (numerator) (denominator)   amount
Basic net income per share $ 1,173,428 6,667,481 $ 0.18
Effect of dilutive stock options   — —    
Diluted net income per share $ 1,173,428 6,667,481 $ 0.18
    Net income      
    attributable to OCC Shares   Per share
Three months ended July 31, 2011   (numerator) (denominator)   amount
Basic net income per share $ 117,809 6,391,053 $ 0.02
Effect of dilutive stock options   — —    
Diluted net income per share $ 117,809 6,391,053 $ 0.02
    Net income      
    attributable to OCC Shares   Per share
Nine months ended July 31, 2012   (numerator) (denominator)   amount
Basic net income per share $ 2,314,797 6,449,227 $ 0.36
Effect of dilutive stock options   — —    
Diluted net income per share $ 2,314,797 6,449,227 $ 0.36
    Net income      
    attributable to OCC Shares   Per share
Nine months ended July 31, 2011   (numerator) (denominator)   amount
Basic net income per share $ 430,277 6,305,701 $ 0.07
Effect of dilutive stock options   — —    
Diluted net income per share $ 430,277 6,305,701 $ 0.07

 

There were no 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 for the three months and nine months ended July 31, 2012. 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 163,577 for the three months and nine months ended July 31, 2011.