v3.26.1
EARNINGS PER SHARE
 6 Months Ended
Apr. 30, 2026
NET INCOME PER SHARE:  
EARNINGS PER SHARE

Note 13– EARNINGS PER SHARE

 

Basic earnings per share are calculated using our weighted-average outstanding common shares. Diluted earnings per share (reflecting the effect of all potentially dilutive securities – which are principally stock options and restricted stock grants) are calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method.

 

   Three Months   Three Months   Six Months   Six Months 
   Ended   Ended   Ended   Ended 
   April 30,   April 30,   April 30,   April 30, 
Fiscal Period  2026   2025   2026   2025 
Numerator:                    
Net Income  $1,697,810   $908,762   $2,628,533   $1,821,737 
                     
Denominator:                    
Basic weighted average common shares outstanding   11,274,961    11,221,080    11,272,732    11,223,528 
Unexercised portion of options and restricted stock awards   10,847    85,748    10,847    85,748 
Diluted outstanding shares   11,285,808    11,306,828    11,283,579    11,309,276 
                     
Net income per share                    
                     
Basic  $0.15   $0.08   $0.23   $0.16 
Diluted  $0.15   $0.08   $0.23   $0.16