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Basic and Diluted Net Income per Share (Tables)
9 Months Ended
Jul. 31, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The computations for basic and diluted net income per common share are as follows:
 
 
 
Three months ended July 31,
 
Nine months ended July 31,
 
 
 
2017
 
2016
 
2017
 
2016
 
Basic net income per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Numerator: Net income applicable to common stock
 
$
7,652,000
 
$
10,573,000
 
$
8,810,000
 
$
7,568,000
 
Denominator: Weighted average common shares-basic
 
 
14,396,000
 
 
14,178,000
 
 
14,287,000
 
 
14,165,000
 
Basic net income per common share
 
$
0.53
 
$
0.75
 
$
0.62
 
$
0.53
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted net income per common share:
 
 
 
 
 
 
 
 
 
Numerator: Net income for diluted EPS
 
$
7,777,000
 
$
10,729,000
 
$
8,966,000
 
$
8,039,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator: Weighted average common shares–basic
 
 
14,396,000
 
 
14,178,000
 
 
14,287,000
 
 
14,165,000
 
Effect of dilutive preferred stock
 
 
593,000
 
 
888,000
 
 
283,000
 
 
888,000
 
Weighted average common shares–diluted
 
 
14,989,000
 
 
15,066,000
 
 
14,570,000
 
 
15,053,000
 
Diluted net income per common share
 
$
0.52
 
$
0.71
 
$
0.62
 
$
0.53