XML 51 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
EMPLOYEE RETIREMENT PLANS EMPLOYEE RETIREMENT PLANS (Tables)
12 Months Ended
Oct. 31, 2018
Retirement Benefits [Abstract]  
Schedule of Other Share-based Compensation, Activity [Table Text Block] Information concerning share-based activity pertaining to the 401(k) Plan for each of the last three fiscal years ended October 31 is as follows (in thousands):
 
Common Stock
 
Class A Common Stock
Shares available for issuance as of October 31, 2015
28

 
28

Shares registered for issuance to the 401(k) Plan
586

 
586

Issuance of common stock to the 401(k) Plan
(123
)
 
(123
)
Shares available for issuance as of October 31, 2016
491

 
491

Issuance of common stock to the 401(k) Plan
(93
)
 
(93
)
Shares available for issuance as of October 31, 2017
398

 
398

Issuance of common stock to the 401(k) Plan
(65
)
 
(65
)
Shares available for issuance as of October 31, 2018
333

 
333

Schedule of Changes in Projected Benefit Obligations [Table Text Block] Changes in the Plan's projected benefit obligation and plan assets during fiscal 2018 and 2017 are as follows (in thousands):
Change in projected benefit obligation:
 
Projected benefit obligation as of October 31, 2016

$14,511

Actuarial gain
(156
)
Interest cost
561

Benefits paid
(916
)
Projected benefit obligation as of October 31, 2017
14,000

Actuarial gain
(749
)
Interest cost
539

Benefits paid
(900
)
Projected benefit obligation as of October 31, 2018

$12,890

 
 
Change in plan assets:
 
Fair value of plan assets as of October 31, 2016

$10,510

Actual return on plan assets
1,048

Employer contributions
428

Benefits paid
(916
)
Fair value of plan assets as of October 31, 2017
11,070

Actual return on plan assets
(151
)
Employer contributions
360

Benefits paid
(900
)
Fair value of plan assets as of October 31, 2018

$10,379

 
 
Funded status as of October 31, 2017

($2,930
)
Funded status as of October 31, 2018

($2,511
)
Schedule of Assumptions Used [Table Text Block] Weighted average assumptions used to determine the projected benefit obligation are as follows:
 
As of October 31,
 
2018
 
2017
Discount rate
4.49
%
 
3.98
%

Weighted average assumptions used to determine net pension income are as follows:
 
Year ended October 31,
 
2018
 
2017
 
2016
Discount rate
3.98
%
 
3.99
%
 
4.47
%
Expected return on plan assets
6.75
%
 
6.75
%
 
6.75
%
Schedule of Net Benefit Costs [Table Text Block] Components of net pension income that were recorded within the Company's Consolidated Statements of Operations are as follows (in thousands):
 
Year ended October 31,
 
2018
 
2017
 
2016
Expected return on plan assets

$728

 

$688

 

$702

Less: Interest cost
(539
)
 
(561
)
 
(613
)
Less: Amortization of unrealized loss
(17
)
 
(46
)
 

Net pension income

$172

 

$81

 

$89

Schedule of Expected Benefit Payments [Table Text Block] Estimated future benefit payments to be made during each of the next five fiscal years and in aggregate during the succeeding five fiscal years are as follows (in thousands):
Year ending October 31,
 
2019

$930

2020
929

2021
897

2022
877

2023
869

2024-2028
4,329

    
Schedule of Allocation of Plan Assets [Table Text Block] The fair value of the Plan's assets are set forth by level within the fair value hierarchy in the following tables (in thousands):
 
As of October 31, 2018
 
Quoted Prices
in Active Markets
for Identical Assets (Level 1)
 
Significant
Other Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Fixed income securities

$5,276

 

$—

 

$—

 

$5,276

Equity securities
5,006

 

 

 
5,006

Money market funds and cash
97

 

 

 
97

 

$10,379

 

$—

 

$—

 

$10,379


 
As of October 31, 2017
 
Quoted Prices
in Active Markets
for Identical Assets (Level 1)
 
Significant
Other Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
Fixed income securities

$5,382

 

$—

 

$—

 

$5,382

Equity securities
5,593

 

 

 
5,593

Money market funds and cash
95

 

 

 
95

 

$11,070

 

$—

 

$—

 

$11,070


Fixed income securities consist of investments in mutual funds. Equity securities consist of investments in common stocks, mutual funds and exchange traded funds.

The Plan's actual and targeted asset allocations by investment category are as follows:
 
As of October 31,
 
2018
 
2017
 
Actual
 
Target
 
Actual
 
Target
Fixed income securities
51
%
 
50
%
 
49
%
 
50
%
Equity securities
48
%
 
50
%
 
50
%
 
50
%
Money market funds and cash
1
%
 
%
 
1
%
 
%
 
100
%
 
100
%
 
100
%
 
100
%