Quarterly report [Sections 13 or 15(d)]

Note 10 - Income Taxes

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Note 10 - Income Taxes
 3 Months Ended
Jan. 31, 2026
Notes to Financial Statements  
Income Tax Disclosure [Text Block]

Note 10. Income Taxes

 

The following table summarizes income before income taxes and income tax expense for the three months ended January 31, 2026 and 2025:

 

   

Three Months Ended January 31,

  

(in thousands)

  

2026

    

2025

  
                 

Loss before income taxes

   $ (3,544 )   $ (3,675 )

Income tax benefit

   $ (1,102 )   $ (1,036 )

 

For the three months ended January 31, 2026 and 2025, the Company’s effective tax rate was 31.1% and 28.2%, respectively. The comparability of the effective tax rate was largely driven by permanent differences. While these differences did not quantitatively change, changes in estimated annual income amplified their relative impact for the three months ended January 31, 2026 compared to January 31, 2025. This increase was partially offset by changes in the impacts from share-based compensation.