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Property, Plant, and Equipment
12 Months Ended
Oct. 31, 2024
Property, Plant, and Equipment  
Property, Plant, and Equipment

4. Property, Plant, and Equipment

Property, plant, and equipment consist of the following (in thousands):

October 31, 

 

2024

2023

 

Land

    

$

8,201

    

$

7,022

Buildings and improvements

 

30,404

 

31,011

Leasehold improvements

 

3,490

 

3,429

Equipment

 

79,735

 

77,208

Information systems - hardware and software

 

10,582

 

10,545

Construction in progress

 

133

 

2,895

 

132,545

 

132,110

Less accumulated depreciation and amortization

 

(78,345)

 

(71,186)

$

54,200

$

60,924

Depreciation expense was $6.6 million, $6.7 million and $6.8 million for fiscal years 2024, 2023, and 2022, respectively. Included in property, plant, and equipment are finance leases. Amortization of finance leases was $1.0 million, $0.8 million and $0.6 million for fiscal years 2024, 2023, and 2022, respectively.