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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Oct. 31, 2019
Accounting Policies [Abstract]  
Property, Plant and Equipment [Table Text Block] The Company’s property, plant and equipment is generally depreciated over the following estimated useful lives:

 
Buildings and improvements
10
to
40
years
 
 
Machinery and equipment
3
to
10
years
 
 
Leasehold improvements
2
to
20
years
 
 
Tooling
2
to
5
years
 
Intangible Assets Useful Life [Table Text Block] The Company’s intangible assets subject to amortization are amortized on the straight-line method (except for certain customer relationships amortized on an accelerated method) over the following estimated useful lives:
 
Customer relationships
4
to
15
years
 
 
Intellectual property
4
to
22
years
 
 
Licenses
10
to
11
years
 
 
Patents
5
to
20
years
 
 
Trade names
8
to
15
years
 
Defined Benefit Plans Disclosures [Table Text Block] The following table presents the fair value of the Plan's assets and projected benefit obligation as of October 31, for each of the last two fiscal years (in thousands):
 
As of October 31,
 
2019
 
2018
Fair value of plan assets

$11,311

 

$10,379

Projected benefit obligation
13,943

 
12,890

Funded status

($2,632
)
 

($2,511
)
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]
The following table presents the cumulative effect of adopting ASC 606 on the Company's Consolidated Balance Sheet as of November 1, 2018 (in thousands):
 
As Reported
 
Impact of
 
As Adjusted
 
Under ASC 605
 
ASC 606
 
Under ASC 606
 
October 31, 2018
 
Adoption
 
November 1, 2018
Assets
 
 
 
 
 
Contract assets

$14,183

 

$40,089

 

$54,272

Inventories, net
401,553

 
(29,412
)
 
372,141

Prepaid expenses and other current assets
21,187

 
(489
)
 
20,698

 
 
 
 
 
 
Liabilities
 
 
 
 
 
Accrued expenses and other current
liabilities

$171,514

 

($8,588
)
 

$162,926

Deferred income taxes
46,644

 
4,258

 
50,902

 
 
 
 
 
 
Redeemable noncontrolling interests

$132,046

 

$819

 

$132,865

 
 
 
 
 
 
Shareholders' equity
 
 
 
 
 
Retained earnings

$1,091,183

 

$13,373

 

$1,104,556

Noncontrolling interests
104,757

 
326

 
105,083
Schedule of Prospective Adoption of New Accounting Pronouncements [Table Text Block]
The following table presents the impact of adopting ASC 606 on the Company's Consolidated Balance Sheet as of October 31, 2019 (in thousands):
 
As of October 31, 2019
 
As Reported
 
Effect of
 
As Adjusted
 
Under ASC 606
 
ASC 606
 
Under ASC 605
Assets
 
 
 
 
 
Contract assets

$43,132

 

($39,638
)
 

$3,494

Inventories, net
420,319

 
28,079

 
448,398

Prepaid expenses and other current assets
18,953

 
116

 
19,069

 
 
 
 
 
 
Liabilities
 
 
 
 
 
Accrued expenses and other current
liabilities

$178,957

 

$6,144

 

$185,101

Deferred income taxes
51,496

 
(3,978
)
 
47,518

 
 
 
 
 
 
Redeemable noncontrolling interests

$188,264

 

$—

 

$188,264

 
 
 
 
 
 
Shareholders' equity
 
 
 
 
 
Retained earnings

$1,397,327

 

($13,261
)
 

$1,384,066

Noncontrolling interests
28,118

 
(348
)
 
27,770