SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Oct. 31, 2020

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,
	2020	2019
Fair value of plan assets	$11,581	$11,311
Projected benefit obligation	14,519	13,943
Funded status	($2,938)	($2,632)