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Stock-Based Compensation (Tables)
12 Months Ended
Oct. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity

Stock-option activity in the fiscal year ended October 31, 2016:

 

 

 Number Of

Shares

 

 

Weighted Average

Exercise Price

 

Outstanding, November 1, 2014   71,533   $39.24 
Granted   55,070   $4.44 
Forfeited   (14,188)  $31.98 
Expired   (15,834)  $61.08 
Outstanding, October 31, 2015   96,581   $16.92 
Granted   347,010   $4.84 
Forfeited   (12,258)  $36.97 
Exercised   (31,657)  $4.08 
Expired   (17,656)  $30.72 
Outstanding, October 31, 2016   382,020   $5.73 
Options exercisable, October 31, 2016   205,941   $6.50 
Weighted-average grant date fair value of options granted during the year    $3.38 

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions for the years ended October 31:

 

 

October 31,

 

 

 

2016

 

 

2015

 

Risk free annual interest rate   1.0-1.7%   1.4%
Expected volatility   77-79%   80%
Expected life

 

2.75-5.00 years

 

 

4.77 years

 

Assumed dividends

 

None

 

 

None

 

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

Restricted-stock activity in the fiscal year ended October 31, 2016:

 

 

Number of shares

 

 

Weighted-Average Grant-Date Fair Value

 

Unvested, January 1, 2015   21,040   $28.56 
Granted   339,813   $6.66 
Vested   (113,482)  $8.88 
Forfeited   (16,572)  $7.98 
Unvested, December 31, 2015   230,799   $7.47 
Granted   356,666   $5.14 
Vested   (312,636)  $6.10 
Unvested, December 31, 2016   274,829   $6.00