LONG-TERM DEBT (Tables)

3 Months Ended

Jan. 31, 2017

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt in the accompanying consolidated balance sheets at January 31, 2017 and October 31, 2016 consists of the following:

	As of January 31, 2017		As of October 31, 2016
	$		$
USD Term Loan with a base rate plus 2.25% or LIBOR with a floor of 1% plus 3.25% rate, (currently 4.25%), and maturity date of March 10, 2021 (the "Credit Agreement")	1,136.0		1,138.9
Euro Term Loan with a base rate plus 2.50% or LIBOR with a floor of 1% plus 3.50% rate, (currently 4.50%), and maturity date of March 10, 2021 (the "Credit Agreement")	501.2		511.0
7.50% Senior Notes due February 1, 2022 (the "Notes")	450.0		450.0
Secured Revolving Facility balance at base rate plus 2.25% rate (currently 4.00%), and maturity terms on a rolling basis (currently monthly)	20.0		20.0
Government of Austria research and development loans with annual interest rates ranging from 1.56% to 2.00% and maturities through March 2020	3.0		3.5
Italian subsidized loan with annual interest rate of 0.5%, and maturity date of June 30, 2020	3.5		4.1
Italian bank loan with Euribor 6-month + 7.1% rate, and maturity date of June 30, 2020	0.7		0.7
Capital lease obligations	1.2		0.7
Total long-term debt outstanding	2,115.6		2,128.9
Less original issue discount, net of accumulated amortization of $6.7 million and $6.2 million, respectively	(9.4	)	(9.9	)
Less current portion	(19.6	)	(19.5	)
Balance, end of the period	2,086.6		2,099.5

Schedule of Maximum Leverage Ratio

The following table discloses the maximum First Lien Leverage Ratios permitted under the Credit Agreement:

Testing Period Ending	Maximum Ratio
April 30, 2014 through October 31, 2014	6.75 to 1.00
November 1, 2014 through October 31, 2015	6.50 to 1.00
November 1, 2015 through October 31, 2016	6.25 to 1.00
November 1, 2016 through October 31, 2017	6.00 to 1.00
November 1, 2017 and thereafter	5.75 to 1.00

Schedule of Redemption Prices

On and after February 1, 2017, the Company may redeem all or a portion of the Notes at the applicable redemption prices set forth below (expressed as percentages of principal amount redeemed), plus unpaid interest accruing on the principal amount redeemed to the Redemption Date:

Year	%
2017	105.625
2018	103.750
2019	101.875
2020 and thereafter	100.000