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REVENUE
 6 Months Ended
Apr. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] REVENUE
    
Contract Balances

    Contract assets (unbilled receivables) represent revenue recognized on contracts using an over-time recognition model in excess of amounts invoiced to the customer. Contract liabilities (deferred revenue) represent customer advances and billings in excess of revenue recognized and are included within accrued expenses and other current liabilities in the Company’s Condensed Consolidated Balance Sheets.    

    Changes in the Company’s contract assets and liabilities for the six months ended April 30, 2022 are as follows (in thousands):
April 30, 2022October 31, 2021Change
Contract assets $79,598 $80,073 ($475)
Contract liabilities 54,38532,738 21,647 
Net contract assets $25,213 $47,335 ($22,122)

The increase in the Company's contract liabilities during the first six months of fiscal 2022 principally reflects the receipt of advance deposits on certain customer contracts at both the ETG and FSG.

The amount of revenue that the Company recognized during the six and three months ended April 30, 2022 that was included in contract liabilities as of the beginning of fiscal 2022 was $19.6 million and $6.1 million, respectively.
    
Remaining Performance Obligations

As of April 30, 2022, the Company had $447.1 million of remaining performance obligations associated with contracts with an original duration of greater than one year pertaining to the majority of the products offered by the ETG as well as certain products of the FSG's specialty products product line. The Company will recognize net sales as these obligations are satisfied. The Company expects to recognize $204.6 million of this amount during the remainder of fiscal 2022 and $242.5 million thereafter, of which the majority is expected to occur in fiscal 2023.
    
Disaggregation of Revenue

    The following table summarizes the Company’s net sales by product line for each operating segment (in thousands):
Six months ended April 30,Three months ended April 30,
2022202120222021
Flight Support Group:
Aftermarket replacement parts (1)
$324,882 $254,328 $173,981 $135,894 
Repair and overhaul parts and services (2)
127,533 93,118 65,046 50,706 
Specialty products (3)
126,579 82,168 67,286 43,680 
Total net sales578,994 429,614 306,313 230,280 
Electronic Technologies Group:
Electronic component parts primarily for
defense, space and aerospace equipment (4)
319,909 345,348 162,441 178,259 
Electronic component parts for equipment
in various other industries (5)
139,820 121,291 74,952 64,830 
Total net sales459,729 466,639 237,393 243,089 
Intersegment sales(9,567)(11,700)(4,893)(6,718)
Total consolidated net sales$1,029,156 $884,553 $538,813 $466,651 

(1)    Includes primarily various jet engine and aircraft component replacement parts.
(2)    Includes primarily the sale of parts consumed in various repair and overhaul services on selected jet engine and aircraft components, avionics, instruments, composites and flight surfaces of commercial and military aircraft.
(3)    Includes primarily the sale of specialty components such as thermal insulation blankets, renewable/reusable insulation systems, advanced niche components, complex composite assemblies, and expanded foil mesh as well as machining, brazing, fabricating and welding services generally to original equipment manufacturers.
(4)    Includes various component parts such as electro-optical infrared simulation and test equipment, electro-optical laser products, electro-optical, microwave and other power equipment, high-speed interface products, power conversion products, underwater locator beacons, emergency locator transmission beacons, traveling wave tube amplifiers, microwave power modules, a wide variety of memory products and radio frequency (RF) and microwave products, crashworthy and ballistically self-sealing auxiliary fuel systems, high performance communications and electronic intercept receivers and tuners, high performance active antenna systems and technical surveillance countermeasures (TSCM) equipment.
(5)    Includes various component parts such as electromagnetic and radio frequency interference shielding, high voltage interconnection devices, high voltage advanced power electronics, harsh environment connectivity products, custom molded cable assemblies, silicone material for a variety of demanding applications and rugged small form-factor embedded computing solutions.
    The following table summarizes the Company’s net sales by industry for each operating segment (in thousands):
Six months ended April 30,Three months ended April 30,
2022202120222021
Flight Support Group:
Aerospace$417,724 $298,082 $215,319 $163,026 
Defense and Space 136,258 110,298 77,603 56,254 
Other (1)
25,012 21,234 13,391 11,000 
Total net sales578,994 429,614 306,313 230,280 
Electronic Technologies Group:
Defense and Space 265,861 291,453 134,414 149,361 
Other (2)
156,135 137,911 82,772 74,004 
Aerospace 37,733 37,275 20,207 19,724 
Total net sales459,729 466,639 237,393 243,089 
Intersegment sales (9,567)(11,700)(4,893)(6,718)
Total consolidated net sales$1,029,156 $884,553 $538,813 $466,651 

(1)    Principally industrial products.
(2)    Principally other electronics and medical products.