Divestiture Activities	9 Months Ended
Jul. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Divestiture Activities	Note 7. Divestiture Activities The Company previously made an initial investment in its China joint venture, Anhui Chery REV Specialty Vehicle Technology Co., Ltd (“China JV”), in exchange for 10% equity interest. The Company recorded this investment under the equity method of accounting. The Company’s investment in the China JV also included an interest-bearing loan. During the fourth quarter of fiscal year 2021, the Company made the strategic decision to exit its interests in the China JV and began soliciting offers to sell the investment and settle the loan. In connection with this decision, the Company recorded a loss of $6.2 million during the fiscal year ended October 31, 2021, which represented the difference between the carrying value of the investment and loan and the estimated proceeds to be received upon sale and settlement, respectively. Subsequently, the Company sold its equity interest and disposed of any remaining assets which resulted in an additional loss of $0.7 million, which has been recorded as a Non-operating loss within our Condensed Unaudited Statements of Income and Comprehensive Income for the nine months ended July 31, 2023. In connection with the sale, the Company received a total of $2.4 million, of which $0.6 million was received during the nine months ended July 31, 2023, which has been included within the Investing section of the Condensed Unaudited Statements of Cash Flows.

Divestiture Activities

9 Months Ended

Jul. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Note 7. Divestiture Activities

The Company previously made an initial investment in its China joint venture, Anhui Chery REV Specialty Vehicle Technology Co., Ltd (“China JV”), in exchange for 10% equity interest. The Company recorded this investment under the equity method of accounting. The Company’s investment in the China JV also included an interest-bearing loan.

During the fourth quarter of fiscal year 2021, the Company made the strategic decision to exit its interests in the China JV and began soliciting offers to sell the investment and settle the loan. In connection with this decision, the Company recorded a loss of $6.2 million during the fiscal year ended October 31, 2021, which represented the difference between the carrying value of the investment and loan and the estimated proceeds to be received upon sale and settlement, respectively. Subsequently, the Company sold its equity interest and disposed of any remaining assets which resulted in an additional loss of $0.7 million, which has been recorded as a Non-operating loss within our Condensed Unaudited Statements of Income and Comprehensive Income for the nine months ended July 31, 2023. In connection with the sale, the Company received a total of $2.4 million, of which $0.6 million was received during the nine months ended July 31, 2023, which has been included within the Investing section of the Condensed Unaudited Statements of Cash Flows.