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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Oct. 31, 2017
Accounting Policies [Abstract]  
Schedule of Fair Value of Derivative Instruments
 
  2017 2016
  Balance Sheet Fair  Balance Sheet Fair 
Derivatives Location Value  Location Value 
           
Designated as Hedging Instruments:            
Foreign exchange forward contracts Derivative assets $305  Derivative assets $1,721 
Foreign exchange forward contracts Derivative liabilities $1,508  Derivative liabilities $173 
             
Not Designated as Hedging Instruments:            
Foreign exchange forward contracts Derivative assets $291  Derivative assets $4 
Foreign exchange forward contracts Derivative liabilities $224  Derivative liabilities $365 
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, 2017 and 2016 (in thousands):
 
  Amount of Gain (Loss)  Location of Gain (Loss) Amount of Gain (Loss) 
  Recognized in  Reclassified from Reclassified from 
  Other Comprehensive  Other Comprehensive Other Comprehensive 
Derivatives Income (Loss)  Income (Loss) Income (Loss) 
  2017  2016    2017  2016 
Designated as Hedging Instruments:                  
(Effective Portion)                  
                   
Foreign exchange forward contracts $(709)  $1,431  Cost of sales and service $1,354  $1,647 
– Intercompany sales/purchases
                   
Foreign exchange forward contract $(96)  $28           
– Net Investment
 
We recognized the following gains and losses in our Consolidated Statements of Income during the fiscal years ended October 31, 2017 and 2016 on derivative instruments not designated as hedging instruments (in thousands):
 
  Location of Gain (Loss) Amount of Gain (Loss) 
Derivatives Recognized in Operations Recognized in Operations 
    2017  2016 
Not Designated as Hedging Instruments:        
Foreign exchange forward contracts Other expense, net $(1,001)  $536 
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, 2017 and 2016 (in thousands):
 
  Foreign Cash   
  Currency Flow   
  Translation Hedges Total 
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) 
Other comprehensive income (loss) before reclassifications  4,916  (709)  4,207 
Reclassifications  —  (1,354)  (1,354) 
Balance, October 31, 2017 $(7,409) $(781) $(8,190) 
Schedule of Property and Equipment Estimated Useful Lives
 
  Number of Years 
Land Indefinite 
Building 40 
Machines 7 – 10 
Shop and office equipment 3 – 7 
Building & 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):
 
Fiscal Year Amortization Expense 
2018  1,425 
2019  1,250 
2020  1,200 
2021  1,075 
2022  975 
Schedule of Intangible Assets
As of October 31, 2017, 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 $245 $(81) $164 
Tradenames and trademarks indefinite  60  -  60 
Customer relationships 15 years  257  (132)  125 
Technology 13 years  713  (239)  474 
Patents 6 years  2,973  (2,765)  208 
Other 8 years  378  (333)  45 
Total   $4,626 $(3,550) $1,076 
 
 
As of October 31, 2016, 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 $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 
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, 
  2017 2016 2015 
(in thousands, except per share amounts) Basic Diluted Basic Diluted Basic Diluted 
Net income $15,115 $15,115 $13,292 $13,292 $16,214 $16,214 
Undistributed earnings  allocated to participating shares  (100)  (100)  (76)  (76)  (93)  (93) 
Net income applicable to common shareholders $15,015 $15,015 $13,216 $13,216 $16,121 $16,121 
Weighted average shares  outstanding  6,615  6,615  6,569  6,569  6,543  6,543 
Stock options and contingently issuable securities  -  65  -  73  -  59 
   6,615  6,680  6,569  6,642  6,543  6,602 
Income per share $2.27 $2.25 $2.01 $1.99 $2.46 $2.44