Business activities and summary of significant accounting policies (Tables)

12 Months Ended

Oct. 31, 2013

Accounting Policies [Abstract]

Intangible Assets

Intangible assets consist of the following as of October 31 (in thousands): 

	2013		2012
Amortizable intangible assets:
Non-compete agreements (estimated life 5 years)	$	200	$	200
Accumulated amortization		(95)		(55)
		105		145
Customer relationships (estimated life 9.6 years)		1,730		1,730
Accumulated amortization		(428)		(248)
		1,302		1,482
Totals	$	1,407	$	1,627
Non-amortizable intangible assets:
Trademarks	$	410	$	410

Estimated Amortization Expense Related To Finite Lived Intangible Assets

Estimated amortization expense related to finite lived intangible assets are as follows (in thousands):

Year ending
October 31,	Amount
2014	$	220
2015		220
2016		206
2017		180
2018		180
Thereafter		401
Total	$	1,407

Calculation of Basic And Diluted Earnings Per Share

The following table summarizes the computation of basic and diluted earnings per share:

	2013		2012
Numerators:
Consolidated net income (A)	$	3,828,000	$	2,612,000
Denominators:
Weighted average shares outstanding for basic earnings per share (B)		7,600,029		6,908,890
Add effects of potentially dilutive securities - assumed exercise of stock options		855,602		771,853
Weighted average shares outstanding for diluted earnings per share (C)		8,455,631		7,680,743
Basic earnings per share (A)/(B)	$	0.50	$	0.38
Diluted earnings per share (A)/(C)	$	0.46	$	0.34