SELECTED FINANCIAL STATEMENT INFORMATION

6 Months Ended

Apr. 30, 2021

Selected Financial Statement Information [Abstract]

Selected Financial Statement Information [Text Block]

SELECTED FINANCIAL STATEMENT INFORMATION

Accounts Receivable

(in thousands)	April 30, 2021	October 31, 2020
Accounts receivable	$227,613	$223,171
Less: Allowance for doubtful accounts	(11,877)	(12,738)
Accounts receivable, net	$215,736	$210,433

Inventories

(in thousands)	April 30, 2021	October 31, 2020
Finished products	$227,956	$235,501
Work in process	41,393	37,957
Materials, parts, assemblies and supplies	193,237	189,747
Inventories, net of valuation reserves	$462,586	$463,205

Property, Plant and Equipment

(in thousands)	April 30, 2021	October 31, 2020
Land	$10,969	$6,678
Buildings and improvements	130,901	120,769
Machinery, equipment and tooling	274,521	265,408
Construction in progress	7,846	8,487
	424,237	401,342
Less: Accumulated depreciation and amortization	(246,922)	(232,494)
Property, plant and equipment, net	$177,315	$168,848

Accrued Customer Rebates and Credits

The aggregate amount of accrued customer rebates and credits included within accrued expenses and other current liabilities in the accompanying Condensed Consolidated Balance Sheets was $15.3 million and $15.8 million as of April 30, 2021 and October 31, 2020, respectively. The total customer rebates and credits deducted within net sales for the six months ended April 30, 2021 and 2020 was $1.8 million and $3.8 million, respectively. The total customer rebates and credits deducted within net sales for the three months ended April 30, 2021 and 2020 was $1.0 million and $1.7 million, respectively.

Research and Development Expenses

The amount of new product research and development ("R&D") expenses included in cost of sales for the six and three months ended April 30, 2021 and 2020 is as follows (in thousands):

	Six months ended April 30,		Three months ended April 30,
	2021	2020	2021	2020
R&D expenses	$34,203	$33,855	$18,022	$16,752

Redeemable Noncontrolling Interests

The holders of equity interests in certain of the Company's subsidiaries have rights ("Put Rights") that may be exercised on varying dates causing the Company to purchase their equity interests through fiscal 2030. The Put Rights, all of which relate either to common shares or membership interests in limited liability companies, provide that the cash consideration to be paid for their equity interests (the "Redemption Amount") be at fair value or a formula that management intended to reasonably approximate fair value based solely on a multiple of future earnings over a measurement period. Management's estimate of the aggregate Redemption Amount of all Put Rights that the Company could be required to pay is as follows (in thousands):

	April 30, 2021	October 31, 2020
Redeemable at fair value	$181,918	$179,415
Redeemable based on a multiple of future earnings	41,348	41,793
Redeemable noncontrolling interests	$223,266	$221,208

Accumulated Other Comprehensive Income (Loss)

Changes in the components of accumulated other comprehensive income (loss) for the six months ended April 30, 2021 are as follows (in thousands):

	Foreign Currency Translation	Defined Benefit Pension Plan	Accumulated Other Comprehensive Income (Loss)
Balances as of October 31, 2020	($6,460)	($2,689)	($9,149)
Unrealized gain	10,755	—	10,755
Amortization of unrealized loss	—	68	68
Balances as of April 30, 2021	$4,295	($2,621)	$1,674