Business activities and summary of significant accounting policies (Tables)

12 Months Ended

Oct. 31, 2014

Accounting Policies [Abstract]

Intangible Assets

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

	2014		2013
Amortizable intangible assets:
Non-compete agreements (estimated life 5 years)	$	200	$	200
Accumulated amortization		(135)		(95)
		65		105
Customer relationships (estimated life 9.6 years)		1,730		1,730
Accumulated amortization		(608)		(428)
		1,122		1,302
Totals	$	1,187	$	1,407
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 is as follows (in thousands):

Year ending
October 31,		Amount
	2015	$	220
	2016		206
	2017		180
	2018		180
	2019		180
	Thereafter		221
	Total	$	1,187

Calculation of Basic And Diluted Earnings Per Share

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

	2014		2013
Numerators:
Consolidated net income (A)	$	1,439,000	$	3,602,000
Denominators:
Weighted average shares outstanding for basic earnings per share (B)		8,215,688		7,600,029
Add effects of potentially dilutive securities - assumed exercise of stock options		526,337		855,602
Weighted average shares outstanding for diluted earnings per share (C)		8,742,025		8,455,631
Basic earnings per share (A)/(B)	$	0.18	$	0.47
Diluted earnings per share (A)/(C)	$	0.16	$	0.43