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Property, Plant and Equipment

12 Months Ended

Oct. 31, 2022

Property, Plant and Equipment.

Property Plant and Equipment

Note 6. Property, Plant and Equipment

Property, plant and equipment as of October 31, 2022 and 2021 consisted of the following (in thousands):

​

​	​	​	​	​	​	​	​	​
​		October 31,		​	October 31,		​	Estimated
​	​	2022		​	2021		​	Useful Life
Land	​	$	524	​	$	524	​	—
Building and improvements		​	21,216		​	20,865		10‑26 years
Machinery, equipment and software		​	108,656		​	109,449		3‑8 years
Furniture and fixtures		​	4,354		​	4,325		10 years
Construction in progress		​	26,484		​	6,424		—
​		​	161,234		​	141,587	​	​
Accumulated depreciation		​	(103,097)		​	(102,171)
Property, plant and equipment, net	​	$	58,137	​	$	39,416

​

The Company recorded an impairment charge of approximately $1.0 million during the year ended October 31, 2022 (related to the cessation of operations at a conditioning facility in Danbury, CT, which is being replaced by a new conditioning facility located at our Torrington, CT manufacturing facility as a part of our fiscal year 2022 and 2023 capital investments). There were no impairments of property, plant and equipment for the years ended October 31, 2021 and 2020.

Depreciation expense for property, plant and equipment was $5.8 million, $4.9 million and $5.1 million for the years ended October 31, 2022, 2021 and 2020, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI https://asc.fasb.org/topic&trid=2155823

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916

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