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INVENTORIES
9 Months Ended
Jul. 31, 2018
Inventory Disclosure [Abstract]  
INVENTORIES
6.
INVENTORIES
 
In July 2015, the FASB issued guidance on simplifying the measurement of inventory. The guidance, which applies to inventory that is measured using any method other than the last-in, first-out (“LIFO”) or retail inventory method, requires that entities measure inventory at the lower of cost or net realizable value. The Company adopted the provisions of this guidance prospectively in the first quarter of fiscal 2018. The adoption of this guidance did not have a material impact on the Company’s consolidated results of operations, financial position, or cash flows.
 
Inventories, priced at the lower of cost (first-in, first-out method) or net realizable value, are summarized below (in thousands):
 
 
 
July 31,

2018
 
 
October 31,

2017
 
Purchased parts and sub-assemblies
 
$
41,399
 
 
$
33,045
 
Work-in-process
 
 
23,456
 
 
 
20,008
 
Finished goods
 
 
71,076
 
 
 
66,895
 
 
 
$
135,931
 
 
$
119,948