SUBSEQUENT EVENTS

9 Months Ended

Jul. 31, 2018

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

U.S. GAAP requires the use of highly inflationary accounting for countries whose cumulative three-year inflation rate exceeds 100 percent. The Company has been closely monitoring the inflation data and currency volatility in Argentina, where there are multiple data sources for measuring and reporting inflation. As of June 30, 2018, the three-year cumulative inflation rate in Argentina exceeded 100 percent, and the Argentinian economy was deemed to be highly inflationary. As a result, the Company will apply highly inflationary accounting with respect to the Company's Argentina subsidiary beginning August 1, 2018. For the nine months ended July 31, 2018, the Company's Argentina subsidiary represented less than 2% of the Company’s consolidated net revenues and less than 1% of its consolidated total assets.