PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Oct. 31, 2018

PROPERTY, PLANT AND EQUIPMENT [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 2 - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consists of the following:

	October 31, 2018			October 29, 2017
Land	$	11,139		$	9,959
Buildings and improvements		124,771			125,290
Machinery and equipment		1,566,163			1,547,870
Leasehold improvements		19,577			20,050
Furniture, fixtures and office equipment		12,415			12,989
Construction in progress		128,649			72,045
		1,862,714			1,788,203
Accumulated depreciation and amortization		(1,290,933	)		(1,253,006	)
	$	571,781		$	535,197

Equipment under capital leases is included in the property, plant and equipment amount, above, as follows:

	October 31, 2018		October 29, 2017
Machinery and equipment	$	-	$	34,917
Less accumulated amortization		-		13,843
	$	-	$	21,074

In January 2017, we acquired a business comprised of manufacturing assets and certain intellectual property that enabled us to expand our manufacturing capability, primarily in large area masks for IC, for approximately $5.7 million, including $0.3 million paid one year after the acquisition date. The transaction was accounted for in accordance with ASC 805, “Business Combinations”, with substantially all of the purchase price being allocated to long-lived assets that are being depreciated over five years.

In January 2017, we entered into a noncash transaction with a customer which resulted in the acquisition of equipment with a fair value of approximately $6.7 million and $9.0 million in fiscal years 2018 and 2017, respectively.