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Goodwill and Intangible Assets (Notes)
12 Months Ended
Oct. 31, 2016
Finite-Lived Intangible Assets [Line Items]  
Goodwill and Intangible Assets Disclosure [Text Block]
Note 6. Goodwill and Intangible Assets
At October 31, 2016, the Company had goodwill of $4.1 million and intangible assets of $9.6 million associated with the 2012 Versa acquisition. The intangible asset represents indefinite lived in-process research and development.
The Company completed its annual impairment analysis of goodwill and in-process research and development asset at July 31, 2016. To determine the fair value of the reporting unit that holds goodwill and to determine the fair value of the in-process research and development asset, the Company used a discounted cash flow model and a multi-period excess earnings model, respectively. The estimated fair value of the reporting unit and in-process research and development intangible asset substantially exceeds the respective carrying values and therefore no impairments have been recognized at October 31, 2016.