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Acquisitions (Tables) | 12 Months Ended
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Oct. 31, 2017
Summary of Preliminary Fair Values of the Assets Acquired and Liabilities Assumed at the Acquisition Date | The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed at the acquisition date:
Assets acquired: |  |  |  |
Cash |  | $ | 3,313 |
Receivables |  |  | 26,742 |
Inventories |  |  | 14,279 |
Prepaid expenses |  |  | 3,079 |
Property, plant and equipment |  |  | 34,319 |
Goodwill |  |  | 434,625 |
Intangible assets |  |  | 286,000 |
Other assets |  |  | 343 |
Total assets acquired |  | $ | 802,700 |
Liabilities assumed: |  |  |  |
Current liabilities |  |  | 19,130 |
Deferred tax liabilities |  |  | 64,531 |
Total liabilities assumed |  | $ | 83,661 |
Net assets acquired |  | $ | 719,039 |
Vention [Member] |
Schedule of Pro Forma Financial Information on Vention Acquisition | The following unaudited pro forma financial information for 2017 and 2016 assumes the Vention acquisition occurred as of the beginning of 2016 and is based on our historical financial statements and those of Vention. The pro forma results have been prepared for comparative purposes only and are not necessarily indicative of the results of operations which may occur in the future or that would have occurred had the acquisition of Vention been effected on the date indicated, nor are they necessarily indicative of our future results of operations.
|  | Twelve Months Ended |
|  | October 31, 2017 |  |  | October 31, 2016 |
Sales |  | $ | 2,132,417 |  |  | $ | 1,939,525 |
Net income |  |  | 294,891 |  |  |  | 260,991 |
Diluted earnings per share |  |  | 5.07 |  |  |  | 4.54 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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