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Property, Plant and Equipment
12 Months Ended
Oct. 31, 2020
Property Plant And Equipment [Abstract]  
Property, Plant and Equipment

Note 8. Property, Plant and Equipment

 

Property, plant and equipment as of October 31, 2020 and 2019 consisted of the following (in thousands):

 

 

 

2020

 

 

2019

 

 

Estimated

Useful Life

 

Land

 

$

524

 

 

$

524

 

 

 

 

Building and improvements

 

 

20,395

 

 

 

20,395

 

 

10-26 years

 

Machinery, equipment and software

 

 

107,732

 

 

 

106,726

 

 

3-8 years

 

Furniture and fixtures

 

 

4,319

 

 

 

4,255

 

 

10 years

 

Construction in progress

 

 

402

 

 

 

1,144

 

 

 

 

 

 

 

133,372

 

 

 

133,044

 

 

 

 

 

Accumulated depreciation

 

 

(97,041

)

 

 

(91,910

)

 

 

 

 

Property, plant and equipment, net

 

$

36,331

 

 

$

41,134

 

 

 

 

 

 

 

During the year ended October 31, 2019, the Company recorded a $2.8 million impairment of construction in process assets related to automation equipment for use in manufacturing which was recorded in Cost of product sales in the Consolidated Statements of Operations and Comprehensive Loss. There were no impairments of property, plant and equipment for the years ended October 31, 2020 and October 31, 2018.

 

Depreciation expense for property, plant and equipment was $5.1 million, $4.9 million and $4.6 million for the years ended October 31, 2020, 2019 and 2018, respectively.