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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Oct. 31, 2016

Accounting Policies [Abstract]

Schedule of Fair Value of Derivative Instruments

As of October 31, 2016 and October 31, 2015, all derivative instruments were recorded at fair value on the balance sheets as follows (in thousands):

		2016					2015
		Balance Sheet		Fair			Balance Sheet		Fair
Derivatives		Location		Value			Location		Value
Designated as Hedging Instruments:
Foreign exchange forward contracts		Derivative assets		$	1,721		Derivative assets		$	1,079
Foreign exchange forward contracts		Derivative liabilities		$	173		Derivative liabilities		$	1,027
Not Designated as Hedging Instruments:
Foreign exchange forward contracts		Derivative assets		$	4		Derivative assets		$	149
Foreign exchange forward contracts		Derivative liabilities		$	365		Derivative liabilities		$	44

Schedule of 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 Income, net of tax, during the fiscal years ended October 31, 2016 and 2015 (in thousands):

								Location of Gain
		Amount of Gain (Loss)						(Loss) Reclassified		Amount of Gain (Loss)
		Recognized in Other						from Other		Reclassified from Other
		Comprehensive Income						Comprehensive		Comprehensive Income
Derivatives		(Loss)						Income (Loss)		(Loss)
		2016			2015					2016			2015
Designated as Hedging Instruments: (Effective Portion)
Foreign exchange forward contracts – Intercompany sales/purchases		$	1,431		$	1,291		Cost of sales and service		$	1,647		$	784
Foreign exchange forward contract – Net Investment		$	28		$	304

		Location of Gain (Loss)		Amount of Gain (Loss)
Derivatives		Recognized in Operations		Recognized in Operations
				2016			2015
				(in thousands)
Not Designated as Hedging Instruments:
Foreign exchange forward contracts		Other expense, net		$	536		$	2,571

Schedule of Accumulated Other Comprehensive Loss

The following table presents the changes in the components of Accumulated other comprehensive loss, net of tax, for the fiscal years ended October 31, 2016 and 2015 (in thousands):

		Foreign
		Currency Translation			Cash Flow Hedges			Total
Balance, October 31, 2014			(4,551)			991			(3,560)
Other comprehensive income (loss) before reclassifications			(6,333)			1,291			(5,042)
Reclassifications			—			(784)			(784)
Balance, October 31, 2015		$	(10,884)		$	1,498		$	(9,386)
Other comprehensive income (loss) before reclassifications			(1,441)			1,431			(10)
Reclassifications			—			(1,647)			(1,647)
Balance, October 31, 2016		$	(12,325)		$	1,282		$	(11,043)

Schedule of Property and Equipment Estimated Useful Lives

Depreciation and amortization of assets are provided primarily under the straight-line method over the shorter of the estimated useful lives or the lease terms as follows:

		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

Estimated amortization expense for the remaining unamortized software development costs for the fiscal years ending October 31, is as follows (in thousands):

		Amortization
Fiscal Year		Expense
2017		$	1,200
2018			1,275
2019			750
2020			700
2021			625

Schedule of Intangible Assets

As of October 31, 2016, the balances of intangible assets, other than goodwill, were as follows (in thousands):

		Weighted
		Average		Gross						Net
		Amortization		Intangible			Accumulated			Intangible
		Period		Assets			Amortization			Assets
Tradenames and trademarks		13 years		$	231		$	(59)		$	172
Tradenames and trademarks		indefinite			60			—			60
Customer relationships		15 years			254			(114)			140
Technology		13 years			672			(172)			500
Patents		6 years			2,972			(2,741)			231
Other		8 years			373			(326)			47
Total				$	4,562		$	(3,412)		$	1,150

As of October 31, 2015, the balances of intangible assets, other than goodwill, were as follows (in thousands):

		Weighted
		Average		Gross
		Amortization		Intangible			Accumulated			Net Intangible
		Period		Assets			Amortization			Assets
Tradenames and trademarks		13 years		$	231		$	(41)		$	190
Tradenames and trademarks		indefinite			60			—			60
Customer relationships		15 years			254			(97)			157
Technology		13 years			674			(121)			553
Patents		6 years			2,972			(2,717)			255
Other		8 years			373			(299)			74
Total				$	4,564		$	(3,275)		$	1,289

Reconciliation of Basic and Diluted Earnings Per Share

The following table presents a reconciliation of our basic and diluted earnings per share computation:

		Fiscal Year Ended October 31,
		2016						2015						2014
(in thousands, except per share amounts)		Basic			Diluted			Basic			Diluted			Basic			Diluted
Net income		$	13,292		$	13,292		$	16,214		$	16,214		$	15,143		$	15,143
Undistributed earnings allocated to participating shares			(76)			(76)			(93)			(93)			(121)			(121)
Net income applicable to common shareholders		$	13,216		$	13,216		$	16,121		$	16,121		$	15,022		$	15,022
Weighted average shares outstanding			6,569			6,569			6,543			6,543			6,497			6,497
Stock options and contingently issuable securities			—			73			—			59			—			41
			6,569			6,642			6,543			6,602			6,497			6,538
Income per share		$	2.01		$	1.99		$	2.46		$	2.44		$	2.31		$	2.30

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