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Retirement Plans (Tables) | 12 Months Ended
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Oct. 31, 2023
Retirement Benefits [Abstract] |
Schedule of Net Periodic Pension Cost | The components of net periodic benefit cost for the Plan at October 31 were as follows (in thousands):
|  |  |  |  | 2023 |  | 2022
Administrative expenses |  |  |  |  | $ | 20 |  |  | $ | 718 |
Interest cost |  |  |  |  | 34 |  |  | 520 |
Expected return on plan assets |  |  |  |  | (17) |  |  | (511) |
Prior service cost |  |  |  |  | 4 |  |  | 45 |
Amortization of net loss |  |  |  |  | — |  |  | 398 |
Settlement loss recognized |  |  |  |  | 2,700 |  |  | 607 |
Net periodic benefit cost |  |  |  |  | $ | 2,741 |  |  | $ | 1,777 |
Schedule of Plan Funded Status | Following is a summary of the Plan’s funded status at October 31 (in thousands):
| 2023 |  | 2022
Change in benefit obligation: |  |  |
Benefit obligation at beginning of year | $ | 14,607 |  |  | $ | 21,417 |
Administrative expenses | 20 |  |  | 718 |
Plan settlements | (14,427) |  |  | (3,604) |
Interest cost | 35 |  |  | 520 |
Benefits paid | (100) |  |  | (1,327) |
Expenses paid | (220) |  |  | (643) |
Benefits and expenses payable | (198) |  |  | — |
Transfer in | 99 |  |  | — |
Actuarial loss (gain) | 184 |  |  | (2,474) |
Benefit obligation at end of year | $ | — |  |  | $ | 14,607 |
Change in plan assets: |  |  |
Fair value of plan assets at beginning of year | $ | 12,335 |  |  | $ | 20,570 |
Actual return on plan assets | 11 |  |  | (2,661) |
Plan settlements | (14,427) |  |  | (3,604) |
Employer contributions | 2,500 |  |  | — |
Benefits paid | (100) |  |  | (1,327) |
Expenses paid | (220) |  |  | (643) |
Benefits and expenses payable | (198) |  |  | — |
Transfer in | 99 |  |  | — |
Fair value of plan assets at end of year | $ | — |  |  | $ | 12,335 |
Reconciliation of funded status: |  |  |
Fair value of plan assets | $ | — |  |  | $ | 12,335 |
Benefit obligations | — |  |  | 14,607 |
Net plan obligations | $ | — |  |  | $ | (2,272) |
Amounts recognized in statements of financial position: |  |  |
Noncurrent liabilities | $ | — |  |  | $ | (2,272) |
Net obligation recognized in statements of financial position | $ | — |  |  | $ | (2,272) |
Reconciliation of amounts recognized in statements of financial position: |  |  |
Prior service cost | $ | — |  |  | $ | (54) |
Net loss | — |  |  | (2,459) |
Accumulated other comprehensive loss | — |  |  | (2,513) |
Accumulated contributions in excess of net periodic benefit cost | — |  |  | 241 |
Net deficit recognized in statements of financial position | $ | — |  |  | $ | (2,272) |
Schedule of Comprehensive Income | Presented below are changes in accumulated other comprehensive income, before tax, in the Plan at October 31, (in thousands):
| 2023 |  | 2022
Changes recognized in other comprehensive income: |  |  |
Net loss arising during the year | $ | 190 |  |  | $ | 697 |
Amortization of prior service cost | (54) |  |  | (45) |
Amortization of net loss | (2,649) |  |  | (1,005) |
Total recognized in other comprehensive income | $ | (2,513) |  |  | $ | (353) |
Total recognized in net periodic benefit and other comprehensive loss | $ | 228 |  |  | $ | 1,424 |
Schedule of Benefit Obligations And Net Periodic Benefit Cost | The following assumptions, at October 31, were used in determining benefit obligations and net periodic benefit cost ($ in thousands):
| 2023 |  | 2022
Weighted-average assumptions used to determine benefit obligations: |  |  |
Discount rate | NA |  | NA
Assumptions used to determine net periodic benefit cost: |  |  |
Discount rate | NA |  | 2.58 | %
Expected return on plan assets | NA |  | 2.98 | %
Additional year-end information: |  |  |
Projected benefit obligation | $ | — |  |  | $ | 14,607 |
Accumulated benefit obligation | $ | — |  |  | $ | 14,607 |
Fair value of plan assets | $ | — |  |  | $ | 12,335 |

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