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Earnings (Loss) Per Share
 3 Months Ended
Jan. 31, 2016
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share

Basic and diluted net income (loss) per share is calculated as follows (in thousands, except per share amounts):
 
Three Months Ended
 
January 31, 2016
 
February 1, 2015
Numerator
 
 
 
Loss from continuing operations
$
(10,962
)
 
$
(8,800
)
Loss from discontinued operations, net of income taxes
—

 
(4,519
)
Net loss
$
(10,962
)
 
$
(13,319
)
Denominator
 
 
 
Basic weighted average number of shares
20,813

 
20,930

Diluted weighted average number of shares
20,813

 
20,930

 
 
 
 
Basic:
 
 
 
Loss from continuing operations
$
(0.53
)
 
$
(0.42
)
Loss from discontinued operations, net of income taxes
—

 
(0.22
)
Net loss
$
(0.53
)
 
$
(0.64
)
 
 
 
 
Diluted:
 
 
 
Loss from continuing operations
$
(0.53
)
 
$
(0.42
)
Loss from discontinued operations, net of income taxes
—

 
(0.22
)
Net loss
$
(0.53
)
 
$
(0.64
)


Options to purchase 945,578 and 762,150 shares of the Company’s common stock were outstanding at January 31, 2016 and February 1, 2015, respectively. Additionally, there were 8,159 and 40,000 unvested restricted shares outstanding at January 31, 2016 and February 1, 2015, respectively. The options and restricted shares were not included in the computation of diluted earnings (loss) per share in the first quarter of fiscal 2016 and 2015 because the effect of their inclusion would have been anti-dilutive as a result of the Company’s net loss position in those periods.

Share Repurchase Plan

On January 14, 2015, the Board of Directors approved a new 36-month share repurchase program of up to 1,500,000 shares of the Company's common stock to begin on January 19, 2015, replacing a prior program. Such repurchases will be made through open market or private transactions. Share repurchases under the program will be subject to specified parameters and certain price and volume restraints and any repurchased shares will be held in treasury. The exact number and timing of share repurchases will depend upon market conditions and other factors.  

The Company repurchased 340,800 shares of common stock at an average purchase price of $12.50 per share for an aggregate amount of $4.3 million during fiscal 2015. As of January 31, 2016, the Company had 1,159,200 shares available for repurchase.