Net Income Per Share

12 Months Ended

Oct. 31, 2011

Earnings Per Share, Basic and Diluted [Abstract]

Earnings Per Share [Text Block]

Net Income Per Share

Basic and diluted net income per common share has been computed using the weighted average number of shares of common stock outstanding during the period, less shares subject to repurchase. The following table presents the calculation of basic and diluted net income per share (in thousands, except per share amounts):

	Fiscal Year Ended October 31,
	2011		2010		2009
Net income	$	702	$	1,654	$	4,839
Calculation of basic net income per share:
Weighted average - common shares outstanding	3,078		3,411		3,626
Net income per share, basic	$	0.23	$	0.48	$	1.33

Calculation of diluted net income per share:
Weighted average - common shares outstanding	3,078		3,411		3,626
Dilutive effect of employee and director stock options	5		33		37
Weighted average - common shares outstanding and potentially dilutive common shares	3,083		3,444		3,663
Net income per share, diluted	$	0.23	$	0.48	$	1.32

For the years ended October 31, 2011, 2010, and 2009, 403,000, 352,000 and 182,000 potentially dilutive shares, respectively, were excluded from the computation of diluted net income per share by the application of the treasury stock method.