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EARNINGS PER SHARE (Tables)
 3 Months Ended
Jan. 31, 2018
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Earnings Per Share
The computation of basic and diluted net income per share is determined using net income applicable to common shareholders as the numerator and the number of shares outstanding as the denominator as follows (in thousands, except per share amounts):
 
 
 
Three Months Ended
 
 
 
January 31,
 
 
 
2018
 
2017
 
 
 
Basic
 
Diluted
 
Basic
 
Diluted
 
Net income
 
$
2,937
 
$
2,937
 
$
879
 
$
879
 
Undistributed earnings  allocated to participating shares
 
 
(21)
 
 
(21)
 
 
(5)
 
 
(5)
 
Net income applicable to common shareholders
 
$
2,916
 
$
2,916
 
$
874
 
$
874
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding
 
 
6,659
 
 
6,659
 
 
6,583
 
 
6,583
 
Stock options and contingently issuable securities
 
 
—
 
 
86
 
 
—
 
 
85
 
 
 
 
6,659
 
 
6,745
 
 
6,583
 
 
6,668
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income per share
 
$
0.44
 
$
0.43
 
$
0.13
 
$
0.13