Common Stock Repurchase

9 Months Ended

Jul. 31, 2013

Common Stock Repurchase

Common Stock Repurchase

[11] Common Stock Repurchase

On November 11, 2011, the Company announced that its board of directors approved a Stock Repurchase Program authorizing the repurchase of up to 1,000,000 shares of its Common Stock at prevailing market prices over the period ending October 31, 2012.  That period was subsequently extended by the Board of Directors on December 6, 2012 to October 31, 2013. During the three-month period ended July 31, 2013 the Company did not repurchase any shares of its common stock.  During the nine-month period ended July 31, 2013, the Company repurchased 81,600 shares of its common stock at a cost of $2,030.  These repurchased shares were subsequently recorded as canceled.