Earnings Per Share

12 Months Ended

Oct. 31, 2012

Earnings Per Share

7. Earnings Per Share

Certain share-based payment awards entitling holders to receive non-forfeitable dividends before vesting are considered participating securities and thus included in the calculation of basic earnings per share, to the extent they are dilutive. These awards are included in the calculation of basic earnings per share under the two-class method. The two-class method allocates earnings for the period between common shareholders and other security holders. The participating awards receiving dividends are allocated the same amount of income as if they were outstanding shares.

The following table presents earnings (loss) per share calculated in accordance with requirements of ASC 260.

	For the year ended
	October 31, 2012			October 31, 2011
Net income (loss)	$	53,944		$	(127,077	)
Distributed and undistributed (earnings) to unvested restricted stock		(1,612	)		0
Distributed and undistributed earnings to common shareholders — Basic	$	52,332		$	(127,077	)
Weighted average shares outstanding — Basic		22,280			22,130
Weighted average shares outstanding — Diluted		22,282			22,130
Earnings per common share — Basic	$	2.35		$	(5.74	)
Earnings per common share — Diluted	$	2.35		$	(5.74	)