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Divestiture Activities
6 Months Ended
Apr. 30, 2019
Discontinued Operations And Disposal Groups [Abstract]  
Divestiture Activities

Note 6. Divestiture Activities

In fiscal year 2018, management decided to divest certain businesses and assets which include the Revability business, one Regional Technical Center (“RTC”), the Company’s rental fleet, and certain other assets. On December 21, 2018, the Company completed the sale of its mobility van business, Revability, with annual sales of approximately $40 million. All assets and operations at the Clarkston and Davisburg, Michigan facilities were transferred to the buyer. On February 21, 2019, the Company completed the sale of the RTC for net cash proceeds of $11.4 million. In connection with this sale, the Company recognized a gain on sale of $1.2 million.

The assets and liabilities related to the businesses that met the held for sale criteria are included in Other current assets and Other current liabilities in the Condensed Unaudited Consolidated Balance Sheets at estimated fair value, less cost to sell.

As of April 30, 2019, assets and liabilities held for sale were comprised of the following: property, plant and equipment, net—$1.4 million, inventories, net—$3.0 million, accounts receivable, net—$6.4 million, other current and long-term assets—$1.2 million, accounts payable—$4.7 million, current portion of long-term debt—$1.4 million and other current and long-term liabilities—$0.6 million.