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REVENUE (Notes)
 12 Months Ended
Oct. 31, 2024
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 and other long-term liabilities in the Company’s Consolidated Balance Sheets.    

Changes in the Company’s contract assets and liabilities during fiscal 2024 and 2023 are as follows (in thousands):

October 31, 2024October 31, 2023Change
Contract assets, current $112,235 $111,702 $533 
Contract liabilities, current 83,90387,556 (3,653)
Contract liabilities, long-term61,843 — 61,843 
Total contract liabilities 145,746 87,556 58,190 
Net contract (liabilities) assets ($33,511)$24,146 ($57,657)

    The increase in the Company's total contract liabilities during fiscal 2024 principally reflects the receipt of advance deposits on certain customer contracts, mainly at the FSG.     
The amount of revenue that the Company recognized during fiscal 2024 that was included in contract liabilities as of the beginning of fiscal 2024 was $60.4 million.
    
Remaining Performance Obligations

Backlog, which the Company believes to be the equivalent of its remaining performance obligations, represents contractually committed, or firm customer orders. As of October 31, 2024, the Company had $1,924.5 million of remaining performance obligations associated with firm contracts pertaining to many of the products offered by the FSG and ETG. The Company will recognize net sales as these obligations are satisfied. The Company expects to recognize $1,178.1 million of this amount during fiscal 2025 and $746.4 million thereafter, of which a little more than half is expected to occur in fiscal 2026.    
    
Disaggregation of Revenue

    The following table summarizes the Company’s net sales by product line for each operating segment (in thousands):
Year Ended October 31,
202420232022
Flight Support Group:
Aftermarket replacement parts (1)
$1,658,431 $1,040,502 $694,900 
Repair and overhaul parts and services (2)
593,237 366,566 264,986 
Specialty products (3)
387,686 363,117 295,326 
Total net sales2,639,354 1,770,185 1,255,212 
Electronic Technologies Group:
Electronic component parts primarily for
   defense, space and aerospace equipment (4)
1,004,511 918,374 672,147 
Electronic component parts for equipment
in various other industries (5)
259,115 306,848 300,328 
Total net sales1,263,626 1,225,222 972,475 
Intersegment sales(45,311)(27,302)(19,365)
Total consolidated net sales$3,857,669 $2,968,105 $2,208,322 

(1)    Includes 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, expanded
foil mesh as well as machining, brazing, fabricating and welding services generally to original equipment manufacturers, and emergency descent devices and personnel and cargo parachute products.
(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, power distribution solutions, 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 airborne antennas, technical surveillance countermeasures (TSCM) equipment, custom high power filters and filter assemblies, radiation assurance services and products, and high-reliability, complex, passive electronic components and rotary joint assemblies, and proprietary in-cabin power and entertainment components and subsystems.
(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, and high performance test sockets and adaptors.

The following table summarizes the Company’s net sales by industry for each operating segment (in thousands):
Year ended October 31,
202420232022
Flight Support Group:
Aerospace$1,960,705 $1,257,650 $876,254 
Defense and Space 600,806 434,229 316,460 
Other (1)
77,843 78,306 62,498 
Total net sales2,639,354 1,770,185 1,255,212 
Electronic Technologies Group:
Defense and Space 650,647 603,414 545,384 
Other (2)
394,932 438,189 340,311 
Aerospace 218,047 183,619 86,780 
Total net sales1,263,626 1,225,222 972,475 
Intersegment sales(45,311)(27,302)(19,365)
Total consolidated net sales$3,857,669 $2,968,105 $2,208,322 

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