VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Oct. 31, 2023

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS

	Year ended October 31,
	2023	2022	2021
Allowance for doubtful accounts (in thousands):
Allowance as of beginning of year	$8,333	$10,874	$12,738
Deductions charged to costs and expenses	(50)	(1,070)	(1,720)
Additions charged to other accounts (a)	7,729	476	360
Deductions (b)	(3,391)	(1,947)	(504)
Allowance as of end of year	$12,621	$8,333	$10,874

(a)Principally additions from acquisitions and foreign currency translation adjustments.

(b)Principally write-offs of uncollectible accounts receivables.

	Year ended October 31,
	2023	2022	2021
Inventory valuation reserves (in thousands):
Reserves as of beginning of year	$154,995	$142,593	$126,933
Additions charged to costs and expenses (a)	11,499	13,980	17,202
Additions charged to other accounts (b)	95,596	275	1,261
Deductions (c)	(3,159)	(1,853)	(2,803)
Reserves as of end of year	$258,931	$154,995	$142,593

(a)Additions charged to costs and expenses were higher in fiscal 2021 as compared to fiscal 2022 and fiscal 2023 principally due to the significant decline in global commercial air travel due to COVID-19 pandemic resulting in lower demand for the Company's commercial aviation products and services and certain specific obsolescence reserves following the announced retirement of certain aircraft types and engine platforms by major U.S. carriers.

(b)Principally additions from acquisitions and foreign currency translation adjustments.

(c)Principally write-offs of slow-moving, obsolete or damaged inventory.