PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Oct. 31, 2021

PROPERTY, PLANT AND EQUIPMENT, NET [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 3 - PROPERTY, PLANT AND EQUIPMENT, NET

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

	October 31, 2021			October 31, 2020
Land	$	12,442		$	12,422
Buildings and improvements		181,922			179,162
Machinery and equipment		1,961,474			1,812,791
Leasehold improvements		21,751			21,157
Furniture, fixtures and office equipment		15,534			15,665
Construction in progress		35,009			70,915
		2,228,132			2,112,112
Accumulated depreciation and amortization		(1,531,579	)		(1,480,637	)
	$	696,553		$	631,475

Depreciation expense for property, plant and equipment (excluding amortization expense for ROU assets) was $85.7 million, $89.2 million and $79.2 million for 2021, 2020 and 2019, respectively.

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

	October 31, 2021			October 31, 2020
Machinery and equipment	$	42,760		$	-
Accumulated amortization		(1,933	)		-
	$	40,827		$	-

      In the third quarter of 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.