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COMMITMENTS AND CONTINGENCIES
 9 Months Ended
Jul. 31, 2013
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block]
COMMITMENTS AND CONTINGENCIES

Guarantees

The Company has arranged for a standby letter of credit in the amount of $1.5 million to meet the security requirement of its insurance company for potential workers’ compensation claims, which is supported by the Company’s revolving credit facility.

Product Warranty

Changes in the Company’s product warranty liability for the nine months ended July 31, 2013 and 2012, respectively, are as follows (in thousands):
 
 
Nine months ended July 31,
 
 
2013
 
2012
Balances as of beginning of fiscal year
 

$2,571

 

$2,231

Accruals for warranties
 
795

 
1,136

Acquired warranty liabilities
 
526

 
—

Warranty claims settled
 
(866
)
 
(923
)
Balances as of July 31
 

$3,026

 

$2,444


    
Litigation

The Company is involved in various legal actions arising in the normal course of business. Based upon the Company’s and its legal counsel’s evaluations of any claims or assessments, management is of the opinion that the outcome of these matters will not have a material adverse effect on the Company’s results of operations, financial position or cash flows.