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Employee Benefit Plans (Tables)
12 Months Ended
Oct. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Components of Change in Projected Benefit Obligation

Components of the change in projected benefit obligation for fiscal year ends consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

    

2016

    

2015

 

Change in projected benefit obligation:

 

 

 

 

 

 

 

Projected benefit obligation at beginning of year

 

$

215

 

$

196

 

Interest cost

 

 

8

 

 

7

 

Actuarial loss

 

 

9

 

 

48

 

Benefits paid

 

 

(37)

 

 

(36)

 

Projected benefit obligation at end of year (unfunded)

 

$

195

 

$

215

 

 

Reconciliation of Unfunded Status of Plans Included in Accrued Expenses

The following is a reconciliation of the unfunded status of the plans at fiscal year ends included in accrued expenses (in thousands):

 

 

 

 

 

 

 

 

 

 

    

2016

    

2015

 

 

 

 

 

 

 

 

 

Projected benefit obligation

 

$

195

 

$

215

 

Unrecognized net (gain) loss

 

 

-

 

 

-

 

Recorded pension liabilities

 

$

195

 

$

215

 

 

Significant Assumptions Used in Determination of Pension Expense

 

 

 

 

 

 

 

    

2016

    

2015

 

Discount rate on projected benefit obligation

 

3.7

%  

4.3

%