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SELECTED FINANCIAL STATEMENT INFORMATION | 3 Months Ended
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Jan. 31, 2019
Selected Financial Statement Information [Abstract] |
Selected Financial Statement Information [Text Block] | SELECTED FINANCIAL STATEMENT INFORMATION Accounts Receivable
(in thousands) |  | January 31, 2019 |  | October 31, 2018
Accounts receivable |  |  | $241,739 |  |  |  | $240,544 |
Less: Allowance for doubtful accounts |  | (3,939 | ) |  | (3,258 | )
Accounts receivable, net |  |  | $237,800 |  |  |  | $237,286 |
Inventories
(in thousands) |  | January 31, 2019 |  | October 31, 2018
Finished products |  |  | $196,224 |  |  |  | $192,758 |
Work in process |  | 35,692 |  |  | 49,315 |
Materials, parts, assemblies and supplies |  | 174,432 |  |  | 158,039 |
Contracts in process |  | — |  |  | 1,649 |
Less: Billings to date |  | — |  |  | (208 | )
Inventories, net of valuation reserves |  |  | $406,348 |  |  |  | $401,553 |
Prior to the adoption of ASC 606, contracts in process represented accumulated capitalized costs associated with fixed price contracts. Additionally, related progress billings and customer advances (“billings to date”) were classified as a reduction to contracts in process, if any, and any excess was included in accrued expenses and other liabilities. See Note 1, Summary of Significant Accounting Policies - New Accounting Pronouncements, and Note 6, Revenue, for additional information pertaining to the adoption of ASC 606. Property, Plant and Equipment
(in thousands) |  | January 31, 2019 |  | October 31, 2018
Land |  |  | $7,297 |  |  |  | $5,864 |
Buildings and improvements |  | 110,860 |  |  | 101,424 |
Machinery, equipment and tooling |  | 236,337 |  |  | 230,108 |
Construction in progress |  | 6,821 |  |  | 5,044 |
|  | 361,315 |  |  | 342,440 |
Less: Accumulated depreciation and amortization |  | (192,036 | ) |  | (187,701 | )
Property, plant and equipment, net |  |  | $169,279 |  |  |  | $154,739 |
Accrued Customer Rebates and Credits The aggregate amount of accrued customer rebates and credits included within accrued expenses and other current liabilities in the accompanying Condensed Consolidated Balance Sheets was $14.2 million as of January 31, 2019 and $16.9 million as of October 31, 2018. The total customer rebates and credits deducted within net sales for the three months ended January 31, 2019 and 2018 was $1.4 million and $2.5 million, respectively. Research and Development Expenses The amount of new product research and development ("R&D") expenses included in cost of sales for the three months ended January 31, 2019 and 2018 is as follows (in thousands):
|  | Three months ended January 31,
|  | 2019 |  | 2018
R&D expenses |  |  | $15,200 |  |  |  | $12,707 |
Redeemable Noncontrolling Interests The holders of equity interests in certain of the Company's subsidiaries have rights ("Put Rights") that may be exercised on varying dates causing the Company to purchase their equity interests through fiscal 2026. The Put Rights, all of which relate either to common shares or membership interests in limited liability companies, provide that the cash consideration to be paid for their equity interests (the "Redemption Amount") be at fair value or a formula that management intended to reasonably approximate fair value based solely on a multiple of future earnings over a measurement period. Management's estimate of the aggregate Redemption Amount of all Put Rights that the Company could be required to pay is as follows (in thousands):
|  | January 31, 2019 |  | October 31, 2018
Redeemable at fair value |  |  | $90,473 |  |  |  | $83,524 |
Redeemable based on a multiple of future earnings |  | 48,522 |  |  | 48,522 |
Redeemable noncontrolling interests |  |  | $138,995 |  |  |  | $132,046 |
As discussed in Note 2, Acquisitions, the Company, through a subsidiary of HEICO Electronic, acquired 92.7% of the stock of Apex in November 2018. As part of the shareholders' agreement, the noncontrolling interest holders have the right to cause the Company to purchase their equity interests over a four-year period beginning in fiscal 2023, or sooner under certain conditions, and the Company has the right to purchase the same equity interests over the same period. Accumulated Other Comprehensive Loss Changes in the components of accumulated other comprehensive loss for the three months ended January 31, 2019 are as follows (in thousands):
|  | Foreign Currency Translation |  | Pension Benefit Obligation |  | Accumulated Other Comprehensive Loss
Balances as of October 31, 2018 |  |  | ($14,370 | ) |  |  | ($886 | ) |  |  | ($15,256 | )
Unrealized gain |  | 4,181 |  |  | — |  |  | 4,181 |
Amortization of unrealized loss |  | — |  |  | 6 |  |  | 6 |
Balances as of January 31, 2019 |  |  | ($10,189 | ) |  |  | ($880 | ) |  |  | ($11,069 | )

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