Three Months Ended

Six Months Ended

April 30,

2021

2020

2021

2020

(in thousands, except per share amounts)

Basic

Diluted

Basic

Diluted

Basic

Diluted

Basic

Diluted

Net income (loss)

$

2,437

$

2,437

$

(3,927)

$

(3,927)

$

3,100

$

3,100

$

(4,820)

$

(4,820)

Undistributed earnings (loss) allocated to participating shares

(27)

41

(34)

51

Net income (loss) applicable to common shareholders

$

2,410

$

2,410

$

(3,886)

$

(3,886)

$

3,066

$

3,066

$

(4,769)

$

(4,769)

Weighted average shares outstanding

6,596

6,739

6,585

6,760

Stock options and contingently issuable securities

—

16

—

13

—

6,596

6,612

6,739

6,585

6,598

6,760

Income (loss) per share

$

0.37

$

0.36

$

(0.58)

$

(0.58)

$

0.47

$

0.46

$

(0.71)

$

(0.71)