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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Oct. 31, 2012
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Schedule of Fair Value of Derivative Instruments
    2012     2011  
    Balance Sheet   Fair     Balance Sheet   Fair  
Derivatives   Location   Value     Location   Value  
Designated as Hedging Instruments:                    
Foreign exchange forward contracts   Derivative assets   $ 705     Derivative assets   $ 634  
Foreign exchange forward contracts   Derivative liabilities   $ 492     Derivative liabilities   $ 1,492  
Not Designated as Hedging Instruments:                        
Foreign exchange forward contracts   Derivative assets   $ 3     Derivative assets   $ 563  
Foreign exchange forward contracts   Derivative liabilities   $ 77     Derivative liabilities   $ 117  
Schedule of Effect of Derivative Instruments on the Consolidated Balance Sheets, Statements of Changes in Shareholders' Equity and Statements of Operations

Effect of Derivative Instruments on the Consolidated Balance Sheets, Statements of Changes in Shareholders' Equity and Statements of Operations

 

Derivative instruments had the following effects on our Consolidated Balance Sheets, Statements of Changes in Shareholders' Equity and Statements of Operations, net of tax during the year ended October31, 2012 and 2011 (in thousands):

 

Derivatives   Amount of Gain (Loss)
Recognized in Other
Comprehensive Income		     Location of Gain (Loss)
Reclassified from Other
Comprehensive Income		   Amount of Gain (Loss)
Reclassified from Other
Comprehensive Income		  
    2012     2011         2012     2011  
Designated as Hedging Instruments:                                    
(Effective Portion)                                    
Foreign exchange forward contracts - Intercompany sales/purchases   $ 2,946     $ (775 )   Cost of sales and service   $ (172 )   $ (10 )
Foreign exchange forward contract - Net Investment   $ 292     $ (32 )                    

 

We recognized a gain of $482,000 during the year ended October 31, 2012 and a loss of $3,000 during the year ended October 31, 2011 as a result of contracts closed early that were deemed ineffective for financial reporting purposes and did not qualify as cash flow hedges.

 

Derivatives   Location of Gain (Loss)
Recognized in Operations		   Amount of Gain (Loss)
Recognized in Operations
(in thousands)		  
        2012     2011  
Not Designated as Hedging Instruments:                    
Foreign exchange forward contracts   Other income (expense)   $ 1,013     $ (368 )
Schedule of Property and Equipment Estimated Useful Lives
    Number of Years  
Land     Indefinite  
Building     40  
Machines     7 - 10  
Shop and office equipment     3 - 7  
Leasehold improvements     3 - 40  
Schedule of Estimated Amortization Expense
Fiscal Year   Amortization
Expense		  
2013   $ 1,008  
2014     750  
2015     353  
2016     -  
2017     -  
Reconciliation of Basic and Diluted Earnings Per Share
    Fiscal Year Ended  
    October 31,  
(in thousands, except per share amount)   2012     2011     2010  
    Basic     Diluted     Basic     Diluted     Basic     Diluted  
                                     
Net income (loss)   $ 15,638     $ 15,638     $ 11,124     $ 11,124     $ (5,744 )   $ (5,744 )
                                                 
Undistributed earnings allocated to participating shares     (134 )     (134 )     (53 )     (53 )     -       -  
Net income (loss) applicable to common shareholders   $ 15,504     $ 15,504     $ 11,071     $ 11,071     $ (5,744 )   $ (5,744 )
Weighted average shares outstanding     6,445       6,445       6,441       6,441       6,441       6,441  
Stock options     -       25       -       31       -       -  
      6,445       6,470       6,441       6,472       6,441       6,441  
Income (loss) per share   $ 2.41     $ 2.40     $ 1.72     $ 1.71     $ (0.89 )   $ (0.89 )