SELECTED FINANCIAL STATEMENT INFORMATION

3 Months Ended

Jan. 31, 2022

Selected Financial Statement Information [Abstract]

Selected Financial Statement Information [Text Block]

SELECTED FINANCIAL STATEMENT INFORMATION

Accounts Receivable

(in thousands)	January 31, 2022	October 31, 2021
Accounts receivable	$239,621	$255,793
Less: Allowance for doubtful accounts	(11,793)	(10,874)
Accounts receivable, net	$227,828	$244,919

Inventories

(in thousands)	January 31, 2022	October 31, 2021
Finished products	$253,249	$238,867
Work in process	47,057	44,887
Materials, parts, assemblies and supplies	203,200	194,296
Inventories, net of valuation reserves	$503,506	$478,050

Property, Plant and Equipment

(in thousands)	January 31, 2022	October 31, 2021
Land	$11,267	$11,363
Buildings and improvements	133,547	134,150
Machinery, equipment and tooling	299,569	297,297
Construction in progress	12,031	7,784
	456,414	450,594
Less: Accumulated depreciation and amortization	(261,810)	(256,956)
Property, plant and equipment, net	$194,604	$193,638

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 $14.7 million as of January 31, 2022 and $13.2 million as of October 31, 2021. The total customer rebates and credits deducted within net sales for the three months ended January 31, 2022 and 2021 was $1.7 million and $.8 million, respectively.

Research and Development Expenses

The amount of new product research and development ("R&D") expenses included in cost of sales for the three months ended January 31, 2022 and 2021 is as follows (in thousands):

	Three months ended January 31,
	2022	2021
R&D expenses	$18,396	$16,181

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 2032. 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):

	January 31, 2022	October 31, 2021
Redeemable at fair value	$223,845	$217,416
Redeemable based on a multiple of future earnings	34,444	35,171
Redeemable noncontrolling interests	$258,289	$252,587

Accumulated Other Comprehensive Loss

Changes in the components of accumulated other comprehensive loss for the three months ended January 31, 2022 are as follows (in thousands):

	Foreign Currency Translation	Defined Benefit Pension Plan	Accumulated Other Comprehensive Loss
Balances as of October 31, 2021	($6,989)	($1,563)	($8,552)
Unrealized loss	(8,421)	—	(8,421)
Amortization of unrealized loss	—	11	11
Balances as of January 31, 2022	($15,410)	($1,552)	($16,962)