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ACQUISITIONS OF BUSINESSES (Tables)

12 Months Ended

Oct. 31, 2015

Business Acquisition [Line Items]

Schedule of Pro Forma Results

The following unaudited condensed pro forma financial information is presented as if the acquisitions were completed as of November 1, 2013 (in thousands):

		Fiscal Year Ended October 31,
		2015			2014
Sales and service fees		$	246,619		$	265,918
Net income (loss)			11,772			11,345

Schedule of Intangible Assets

The intangible assets consisted of the following (in thousands):

					Remaining Economic Useful Life
Trademark/name		$	274		13 years
Technology and manufacturing know how			1,111		13 years
Customer relationships			52		16 years
		$	1,437

Milltronics And Takumi [Member]

Business Acquisition [Line Items]

Schedule of Opening Balance Sheet

The following table summarizes the fair value of assets acquired and liabilities assumed as of the closing dates. The adjustments were due to the step-up in inventory and final valuation of property, plant and equipment. The total fair value of the net assets acquired was approximately $17.7 million, which equated the total purchase prices of $12.5 million for Milltronics and $5.1 million for Takumi.

(in thousands)		Initial Valuation			Adjustments			Adjusted Values
Current assets		$	22,091		$	105		$	22,196
Property plant and equipment			1,099			(105)			994
Total assets			23,190			—			23,190
Current liabilities			5,540			—			5,540
Total purchase price and cash expended		$	17,650		$	—		$	17,650

LCM Precision Technology [Member]

Business Acquisition [Line Items]

Schedule of Opening Balance Sheet

The allocation of the opening balance sheet of LCM as of July 1, 2013 is as follows (in thousands):

Current Assets		$	6,723
Property plant and equipment			933
Intangibles			1,437
Goodwill			2,477
Total assets		$	11,570
Current Liabilities		$	4,821
Short term debt			4,643
Non-current liabilities			1,726
Total liabilities		$	11,190
Cash expended, net of cash acquired			380
Indebtedness assumed			4,643
Total purchase price		$	5,023

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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