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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Oct. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Schedule of Fair Value of Derivative Instruments
  2014 2013
  Balance Sheet Fair   Balance Sheet   Fair  
Derivatives Location Value   Location   Value  
         
Designated as Hedging Instruments:                        
Foreign exchange forward contracts   Derivative assets   $ 2,596     Derivative assets   $ 244  
Foreign exchange forward contracts   Derivative liabilities   $ 401     Derivative liabilities   $ 1,158  
                         
Not Designated as Hedging Instruments:                        
Foreign exchange forward contracts   Derivative assets   $ 531     Derivative assets   $ 455  
Foreign exchange forward contracts   Derivative liabilities   $ 304     Derivative liabilities   $ 54  
Schedule of Effect of Derivative Instruments on the Consolidated Balance Sheets, Statements of Changes in Shareholders' Equity and Statements of Operations

 

 

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		  
  2014 2013         2014     2013  
Designated as Hedging Instruments:                                    
(Effective Portion)                                    
                                     
Foreign exchange forward contracts – Intercompany sales/purchases   $ 830     $ (932 )   Cost of sales and service   $ (1,129 )   $ 1,091  
                                     
Foreign exchange forward contract – Net Investment   $ 207     $ (112 )                    

 

We recognized a gain of $16,000 during the fiscal year ended October 31, 2014 and a loss of $37,000 during the fiscal year ended October 31, 2013 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		  
      2014     2013  
        (in thousands)  
Not Designated as Hedging Instruments:                    
Foreign exchange forward contracts   Other income (expense)   $ 1,657     $ (1,786 )

 
Schedule of Accumulated Other Comprehensive Loss
  Foreign
Currency
Translation		     Cash Flow
Hedges		     Total  
                   
Balance, October 31, 2012   $ (1,908 )   $ 1,055     $ (853 )
Other comprehensive income (loss) before reclassifications     892       (932 )     (40 )
Reclassifications     —       (1,091 )     (1,091 )
Balance, October 31, 2013     (1,016 )     (968 )     (1,984 )
Other comprehensive income (loss) before reclassifications     (3,535 )     830       (2,705 )
Reclassifications     —       1,129       1,129  
Balance, October 31, 2014   $ (4,551 )   $ 991     $ (3,560 )
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		  
2015   $ 1,050  
2016     800  
2017     575  
2018     525  
2019     425  
Schedule of Goodwill
Balance as of October 31, 2013   $ 2,807  
Impact of foreign currency translation     (201 )
Balance as of October 31, 2014   $ 2,606  
Schedule of Intangible Assets

As of October 31, 2014, the balances of intangible assets, other than goodwill, were as follows (in thousands):

 

  Weighted
Average
Amortization
Period		     Gross
Intangible
Assets		     Accumulated
Amortization		     Net Intangible
Assets		  
Tradenames and trademarks     13 years     $ 263     $ (27 )   $ 236  
Tradenames and trademarks     indefinite       60       —       60  
Customer relationships     15 years       260       (81 )     179  
Technology     13 years       766       (78 )     688  
Patents     6 years       2,972       (2,632 )     340  
Other     8 years       383       (251 )     132  
Total           $ 4,704     $ (3,069 )   $ 1,635  

 

As of October 31, 2013, the balances of intangible assets, other than goodwill, were as follows (in thousands):

 

  Weighted
Average
Amortization
Period		     Gross
Intangible
Assets		     Accumulated
Amortization		     Net Intangible
Assets		  
Tradenames and trademarks     13 years     $ 285     $ (7 )   $ 278  
Tradenames and trademarks     indefinite       60       —       60  
Customer relationships     15 years       264       (64 )     200  
Technology     13 years       831       (21 )     810  
Patents     6 years       2,973       (2,363 )     610  
Other     8 years       399       (202 )     197  
Total           $ 4,812     $ (2,657 )   $ 2,155  

 
Reconciliation of Basic and Diluted Earnings Per Share
  Fiscal Year Ended October 31,
  2014   2013     2012  
(in thousands, except per share amount) Basic   Diluted     Basic     Diluted     Basic     Diluted  
Net income   $ 15,143     $ 15,143     $ 8,190     $ 8,190     $ 15,638     $ 15,638  
Undistributed earnings  allocated to participating shares     (121 )     (121 )     (86 )     (86 )     (134 )     (134 )
Net income applicable to common shareholders   $ 15,022     $ 15,022     $ 8,104     $ 8,104     $ 15,504     $ 15,504  
Weighted average shares  outstanding     6,497       6,497       6,455       6,455       6,445       6,445  
Stock options     —       41       —       42       —       25  
      6,497       6,538       6,455       6,497       6,445       6,470  
Income per share   $ 2.31     $ 2.30     $ 1.26     $ 1.25     $ 2.41     $ 2.40