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Shareholders' Equity
 6 Months Ended
Apr. 30, 2013
Shareholders' Equity [Abstract]  
Shareholders' Equity

(9) Shareholders' Equity

The Company has a plan, approved by its Board of Directors on September 20, 2012, to purchase and retire up to 320,000 shares of the Company's common stock, or approximately 4.9% 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, 2013, the Company had 123,500 shares of its outstanding common stock remaining to purchase under this plan.

On April 15, 2013, the Company declared a quarterly cash dividend of $0.02 per share on its common stock totaling $124,994. This amount is included in accounts payable and accrued expenses in the accompanying condensed consolidated balance sheet as of April 30, 2013.