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EARNINGS PER SHARE
 9 Months Ended
Jul. 31, 2026
NET INCOME PER SHARE:  
EARNINGS PER SHARE

Note 13– EARNINGS PER SHARE

 

Basic earnings per share are computed by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding during the period.

 

Diluted earnings per share are computed by dividing net income attributable to common stockholders by the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of potential common shares. Potentially dilutive securities consist primarily of stock options and restricted stock awards and are included in the calculation of diluted earnings per share using the treasury stock method.

 

Potential common shares are excluded from the computation of diluted earnings per share when their effect would be anti-dilutive.

 

   Three Months   Three Months   Nine Months   Nine Months 
   Ended   Ended   Ended   Ended 
   July 31,   July 31,   July 31,   July 31, 
Fiscal Period  2026   2025   2026   2025 
Numerator:                    
Net Income  $1,389,612   $1,282,985   $4,018,145   $3,104,722 
                     
Denominator:                    
Basic weighted average common shares outstanding   11,279,904    11,237,654    11,275,149    11,226,665 
Unexercised portion of options and restricted stock awards   19,047    66,895    19,047    66,895 
Diluted outstanding shares   11,298,951    11,304,549    11,294,196    11,293,560 
                     
Net income per share                    
                     
Basic  $0.12   $0.11   $0.36   $0.28 
Diluted  $0.12   $0.11   $0.36   $0.27