Business activities and summary of significant accounting policies (Tables)

12 Months Ended

Oct. 31, 2016

Accounting Policies [Abstract]

Components of Intangible Assets

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

	2016		2015
Amortizable intangible assets:
Non-compete agreements (estimated lives 3 - 5 years)	$	310	$	310
Accumulated amortization		(273)		(212)
		37		98
Customer relationships (estimated lives 7 - 15 years)		5,099		5,099
Accumulated amortization		(1,644)		(1,101)
		3,455		3,998
Backlog (estimated life 1 year)		134		134
Accumulated amortization		(134)		(100)
		-		34
Patents (estimated life 14 years)		142		142
Accumulated amortization		(15)		(4)
		127		138
Totals	$	3,619	$	4,268
Non-amortizable intangible assets:
Trademarks	$	1,237	$	1,387

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
	2017	$	589
	2018		553
	2019		553
	2020		553
	2021		413
	Thereafter		958
	Total	$	3,619

Calculation of Basic And Diluted Earnings Per Share

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

	2016		2015
Numerators:
Consolidated net income (loss) (A)	$	(4,089,000)	$	994,000
Denominators:
Weighted average shares outstanding for basic earnings (loss) per share (B)		8,786,510		8,494,111
Add effects of potentially dilutive securities - assumed exercise of stock options		-		368,106
Weighted average shares outstanding for diluted earnings (loss) per share (C)		8,786,510		8,862,217
Basic earnings (loss) per share (A)/(B)	$	(0.47)	$	0.12
Diluted earnings (loss) per share (A)/(C)	$	(0.47)	$	0.11