Earnings Per Share

3 Months Ended

Jan. 31, 2026

We compute basic earnings per share by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per common and potential common shares include the weighted average of additional shares associated with the incremental effect of dilutive employee stock options, non-vested restricted stock as determined using the treasury stock method and contingent shares associated with performance share awards, if dilutive.

The computation of basic and diluted earnings per share for the three months ended January 31, 2026 and 2025 follows (in thousands, except per share data):


	Net Loss		Weighted-Average Shares	Per Share
















Three Months Ended January 31, 2026
Basic and diluted loss per common share	$	(4,071)	45,456	$	(0.09)






Three Months Ended January 31, 2025
Basic and diluted loss per common share	$	(14,885)	47,015	$	(0.32)

We do not include equity instruments in our calculation of diluted earnings per share if those instruments would be anti-dilutive. We had anti-dilutive restricted stock award equivalents for the three months ended January 31, 2026 of 32,295 and 5,450 for the comparable prior year period. Such dilution is dependent on the excess of the market price of our stock over the exercise price and other components of the treasury stock method.