Earnings per Share

9 Months Ended

Jul. 31, 2013

Earnings per Share [Abstract]

Earnings per Share

2. Earnings per Share

Basic earnings per share is computed by dividing net income by the weighted average shares of common stock outstanding for the period and excludes any dilutive effects of stock options and warrants. Diluted earnings per share is computed by dividing net income by the weighted average shares of common stock outstanding for the period plus the shares that would be outstanding assuming the exercise of dilutive stock options and warrants using the treasury stock method. There was no dilutive effect for the nine months ended July 31, 2013 and 2012.