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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Apr. 30, 2019
Apr. 30, 2018
Net sales $ 13,626 $ 20,515 $ 24,273 $ 28,482
Cost of sales 9,532 12,867 17,033 18,370
Gross profit 4,094 7,648 7,240 10,112
Operating expenses:        
Engineering 332 631 652 952
Selling and general 2,400 3,057 4,439 4,842
Total operating expenses 2,732 3,688 5,091 5,794
Operating income 1,362 3,960 2,149 4,318
Other income 14 4 35 6
Income from continuing operations before provision for income taxes 1,376 3,964 2,184 4,324
Provision for income taxes 315 799 483 855
Income from continuing operations 1,061 3,165 1,701 3,469
Income from discontinued operations, net of tax 0 39 0 189
Consolidated net income $ 1,061 $ 3,204 $ 1,701 $ 3,658
Earnings per share        
Continuing operations $ 0.11 $ 0.35 $ 0.18 $ 0.39
Discontinued operations 0.00 0.00 0.00 0.02
Net income per share 0.11 0.35 0.18 0.41
Earnings per share        
Continuing operations 0.11 0.34 0.17 0.38
Discontinued operations 0.00 0.00 0.00 0.02
Net income per share $ 0.11 $ 0.34 $ 0.17 $ 0.40
Weighted average shares outstanding        
Basic 9,356,660 9,053,838 9,332,665 8,965,672
Diluted 9,837,964 9,386,194 9,837,718 9,244,725