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Stock-Based Compensation And Stock Options (Tables)
6 Months Ended
Apr. 30, 2013
Stock-Based Compensation And Stock Options [Abstract]  
Schedule Of Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended

 

 

April 30, 2013

 

April 30, 2012

 

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

Average

 

 

 

Average

 

 

 

 

Exercise

 

 

 

Exercise

 

 

Shares

 

Price

 

Shares

 

Price

Outstanding at beginning of period

 

286,072 

 

$

6.57 

 

346,572 

 

$

6.31 

Granted

 

5,900 

 

 

6.76 

 

 -

 

 

 -

Exercised

 

(64,583)

 

 

5.34 

 

(17,500)

 

 

2.30 

Expired or cancelled

 

(18,252)

 

 

6.67 

 

 -

 

 

 -

Outstanding at end of period

 

209,137 

 

$

6.95 

 

329,072 

 

$

6.53 

 

Schedule Of Stock Options Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercise Prices

 

Number Outstanding

 

Weighted Average Remaining Contractual Life

 

Number Subject to Exercise

$2.00

 

1,150 

 

0.44 

 

1,150 

5.08

 

9,000 

 

3.07 

 

9,000 

5.16

 

30,250 

 

2.33 

 

30,250 

6.23

 

24,500 

 

1.04 

 

24,500 

6.60

 

22,142 

 

1.23 

 

22,142 

6.76

 

5,900 

 

9.54 

 

 -

7.79

 

41,500 

 

0.44 

 

41,500 

7.86

 

74,695 

 

1.50 

 

74,695 

Total

 

209,137 

 

1.62 

 

203,237 

 

Schedule Of Stock Option Valuation Assumptions

 

 

 

 

 

 

 

 

 

 

Options Granted November 12, 2012

Weighted average fair value of options granted

 

$
5.33 

Assumptions used:

 

 

Expected life (years)

 

8.30 

Risk-free interest rate

 

0.71% 

Volatility

 

77.72% 

Dividend Yield

 

0.00% 

                        

a)

Expected life:  For employee grants, the expected term of options granted is determined using historical data, the contractual terms of the options granted and other factors.

 

b)

Risk-free interest rate:  The rate is based on the U.S. Treasury zero-coupon yield curve on the grant date for a maturity similar to the expected life of the options.

 

c)

Volatility:  The expected volatility of the Company’s common stock is calculated by using the historical daily volatility of the Company’s stock price calculated over a period of time representative of the expected life of the options.

 

d)

Dividend yield:  The dividend yield rate is not considered in the model, as the Company has not established a dividend policy for the stock and, other than the one-time special dividend, the Company has not historically paid any dividends.

Schedule Of Restricted Stock Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended

 

 

April 30, 2013

 

April 30, 2012

 

 

 

 

Weighted

 

 

 

Weighted

 

 

 

 

Average

 

 

 

Average

 

 

 

 

Grant Date

 

 

 

Grant Date

 

 

Shares

 

Fair Value

 

Shares

 

Fair Value

Unvested at beginning of period

 

101,071 

 

$

5.23 

 

126,852 

 

$

4.12 

Granted

 

39,395 

 

 

6.23 

 

27,744 

 

 

5.34 

Vested

 

(38,360)

 

 

5.60 

 

 -

 

 

 -

Forfeited

 

(17,667)

 

 

4.66 

 

(6,666)

 

 

2.62 

Unvested at end of period

 

84,439 

 

$

5.64 

 

147,930 

 

$

4.42 

 

Schedule Of Pre-Tax Stock-Based Compensation Expense Recognized

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended April 30,

 

Six months ended April 30,

(In thousands)

 

2013

 

2012

 

2013

 

2012

Cost of revenues

 

$

 

$

 

$

 

$

Selling and marketing

 

 

17 

 

 

 

 

32 

 

 

15 

General and administrative

 

 

113 

 

 

33 

 

 

196 

 

 

148 

Research and development

 

 

 

 

 

 

 

 

18 

Stock-based compensation expense

 

$

133 

 

$

46 

 

$

234 

 

$

183