PROPERTY, PLANT AND EQUIPMENT, NET

9 Months Ended

Aug. 01, 2021

PROPERTY, PLANT AND EQUIPMENT, NET [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 4 - PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consists of the following:

	August 1, 2021			October 31, 2020
Land	$	12,518		$	12,422
Buildings and improvements		181,842			179,162
Machinery and equipment		1,966,038			1,812,791
Leasehold improvements		21,672			21,157
Furniture, fixtures and office equipment		15,811			15,665
Construction in progress		31,839			70,915
		2,229,720			2,112,112
Accumulated depreciation and amortization		(1,530,111	)		(1,480,637	)
	$	699,609		$	631,475

ROU assets resulting from finance leases are included in the table above as follows:

	August 1, 2021			October 31, 2020
Machinery and equipment	$	42,760		$	-
Accumulated amortization		(1,223	)		-
	$	41,537		$	-

Depreciation and amortization expense for property, plant and equipment (including amortization expense for ROU assets) was $21.7 million and $66.6 million for the three and nine-month periods ended August 1, 2021, respectively, and $22.1 million and $67.6 million for the three and nine-month periods ended August 2, 2020, respectively.

In the third quarter of fiscal 2021, we recorded a $3.5 million gain on the trade-in of a lithography tool with a tool vendor as partial compensation for a more advanced tool.