Earnings per share (Tables)

9 Months Ended

Jul. 31, 2016

Earnings Per Share [Abstract]

Computation of Basic and Diluted Weighted Average Shares Outstanding

The following table summarizes the computation of basic and diluted weighted average shares outstanding:

	Three Months Ended July 31,				Nine Months Ended July 31,
	2016		2015		2016		2015
Weighted average shares outstanding for basic earnings per share		8,834,747		8,545,300		8,770,375		8,446,223
Add effects of potentially dilutive securities-assumed exercise of stock options		-		371,343		-		374,215
Weighted average shares outstanding for diluted earnings per share		8,834,747		8,916,643		8,770,375		8,820,438