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Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Aug. 06, 2022
Jul. 31, 2021
Aug. 06, 2022
Jul. 31, 2021
Income Statement [Abstract]        
Net sales $ 13,846,698 $ 11,778,120 $ 35,300,014 $ 35,592,531
Cost of sales (9,948,638) (9,265,376) (25,651,808) (26,969,655)
Gross profit 3,898,060 2,512,744 9,648,206 8,622,876
Selling, general and administrative expenses (1,653,200) (1,320,456) (4,448,349) (4,144,350)
Operating income 2,244,860 1,192,288 5,199,857 4,478,526
Other income (loss):        
Interest income 62,449 62,491 176,706 145,621
Undistributed earnings in joint venture—Majestic 21 15,488 20,202 40,710 45,959
Proceeds received under escrow arrangement 52,140 75,156 285,639 121,024
(Decrease) increase in fair value of equity investment (57,022) (449) (80,796) 203,310
Gain on disposal of property, plant and equipment 0 0 88,936 0
Miscellaneous 161,157 48,169 187,065 73,434
Total other income 234,212 205,569 698,260 589,348
Income before provision for income taxes 2,479,072 1,397,857 5,898,117 5,067,874
Income tax expense (594,313) (347,111) (1,399,498) (1,226,425)
Net income $ 1,884,759 $ 1,050,746 $ 4,498,619 $ 3,841,449
Weighted average number of shares outstanding:        
Basic 3,370,912 3,599,133 3,460,074 3,621,084
Diluted 3,376,711 3,613,187 3,469,769 3,630,216
Net income per share:        
Basic $ 0.56 $ 0.29 $ 1.3 $ 1.06
Diluted $ 0.56 $ 0.29 $ 1.3 $ 1.06