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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Oct. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Schedule of Fair Value of Derivative Instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2020 | ​ | 2019
​ | ​ | Balance Sheet | ​ | Fair | ​ | Balance Sheet | ​ | Fair
Derivatives |  | Location |  | Value |  | Location |  | Value
Designated as Hedging Instruments: | ​ |  | ​ | ​ |  | ​ |  | ​ | ​ |
Foreign exchange forward contracts | ​ | Derivative assets | ​ | $ | 495 | ​ | Derivative assets | ​ | $ | 751
Foreign exchange forward contracts | ​ | Derivative liabilities | ​ | $ | 279 | ​ | Derivative liabilities | ​ | $ | 99
​ | ​ |  | ​ |  | ​ | ​ | ​ | ​ |  | ​
Not Designated as Hedging Instruments: | ​ |  | ​ |  | ​ | ​ | ​ | ​ | ​ | ​
Foreign exchange forward contracts | ​ | Derivative assets | ​ | $ | 473 | ​ | Derivative assets | ​ | $ | 640
Foreign exchange forward contracts | ​ | Derivative liabilities | ​ | $ | 593 | ​ | Derivative liabilities | ​ | $ | 289
Schedule of Effect of Derivative Instruments on the 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 Operations, net of tax, during the fiscal years ended October 31, 2020, 2019, and 2018 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Location of | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Amount of Gain (Loss) | ​ | Gain (Loss) | ​ | Amount of Gain (Loss)
​ | ​ | Recognized in | ​ | Reclassified | ​ | Reclassified from
​ | ​ | Other Comprehensive | ​ | From Other | ​ | Other Comprehensive
​ | ​ | Income (Loss) | ​ | Comprehensive | ​ | Income (Loss)
Derivatives |  | 2020 |  | 2019 |  | 2018 |  | Income (Loss) |  | 2020 |  | 2019 |  | 2018
Designated as Hedging Instruments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Effective Portion) |  | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ |  | ​ | ​ |  |  | ​ | ​ |  | ​ |
Foreign exchange forward contracts | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Cost of sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
– Intercompany sales/purchases | ​ | $ | 395 | ​ | $ | 615 | ​ | $ | 155 | ​ | and service | ​ | $ | 421 |  | $ | 235 |  | $ | (1,355)
–Net Investment | ​ | $ | (64) | ​ | $ | 128 | ​ | $ | 136 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
Schedule of derivative instruments not designated as hedging instruments | We recognized the following gains and losses in our Consolidated Statements of Operations during the fiscal years ended October 31, 2020, 2019, and 2018 on derivative instruments not designated as hedging instruments (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Amount of Gain (Loss)
​ | ​ | Location of Gain (Loss) | ​ | Recognized in Operations
Derivatives |  | Recognized in Operations |  | 2020 |  | 2019 |  | 2018
Not Designated as Hedging Instruments: |  |  |  | ​ |  |  | ​ | ​ |  | ​ |
Foreign exchange forward contracts |  | Other expense, net | ​ | $ | (171) |  | $ | 514 | ​ | $ | (963)
Schedule of Accumulated Other Comprehensive Loss | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Amount of Gain (Loss)
​ | ​ | Location of Gain (Loss) | ​ | Recognized in Operations
Derivatives |  | Recognized in Operations |  | 2020 |  | 2019 |  | 2018
Not Designated as Hedging Instruments: |  |  |  | ​ |  |  | ​ | ​ |  | ​ |
Foreign exchange forward contracts |  | Other expense, net | ​ | $ | (171) |  | $ | 514 | ​ | $ | (963)
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
2021 |  | $ | 1,369
2022 |  | ​ | 1,883
2023 |  | ​ | 1,742
2024 |  | ​ | 1,503
2025 and thereafter |  | ​ | 1,343
Schedule of changes in the carrying amount of goodwill | ​ The changes in the carrying amounts of goodwill for the fiscal year ended October 31, 2020 were as follows (in thousands): ​
​ | ​ | ​ | ​
Balance as of October 31, 2019 |  | $ | 5,847
Changes in goodwill acquired | ​ |  | (972)
Goodwill impairment | ​ | ​ | (4,903)
Impact of foreign currency translation | ​ |  | 28
Balance as of October 31, 2020 | ​ | $ | 0
Schedule of Intangible Assets | As of October 31, 2020, 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 |  | indefinite | ​ | $ | 177 |  | $ | — | ​ | $ | 177
Tradenames and trademarks |  | 14 | years | ​ |  | 765 | ​ |  | (181) | ​ |  | 584
Customer relationships |  | 15 | years | ​ |  | 374 | ​ |  | (199) | ​ |  | 175
Technology |  | 13 | years | ​ |  | 713 | ​ |  | (402) | ​ |  | 311
Noncompete | ​ | 5 | years | ​ | ​ | 580 | ​ | ​ | (145) | ​ | ​ | 435
Patents |  | 6 | years | ​ |  | 2,972 | ​ |  | (2,837) | ​ |  | 135
Other |  | 8 | years | ​ |  | 397 | ​ |  | (368) | ​ |  | 29
Total |  | ​ |  | ​ | $ | 5,978 |  | $ | (4,132) | ​ | $ | 1,846
​ As of October 31, 2019, 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 |  | indefinite | ​ | $ | 60 |  | $ | — | ​ | $ | 60
Tradenames and trademarks |  | 13 | years | ​ |  | 408 | ​ |  | (114) | ​ |  | 294
Customer relationships |  | 15 | years | ​ |  | 372 | ​ |  | (173) | ​ |  | 199
Technology |  | 13 | years | ​ |  | 683 | ​ |  | (333) | ​ |  | 350
Patents |  | 6 | years | ​ |  | 2,972 | ​ |  | (2,813) | ​ |  | 159
Other |  | 8 | years | ​ |  | 375 | ​ |  | (341) | ​ |  | 34
Total |  | ​ |  | ​ | $ | 4,870 |  | $ | (3,774) | ​ | $ | 1,096
Schedule of computation of basic and diluted net income (loss) per share | The following table presents a reconciliation of our basic and diluted earnings per share computation: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fiscal Year Ended October 31,
​ | ​ | 2020 | ​ | 2019 | ​ | 2018
(in thousands, except per share amounts) |  | Basic |  | Diluted |  | Basic |  | Diluted |  | Basic |  | Diluted
Net income (loss) | ​ | $ | (6,247) | ​ | $ | (6,247) | ​ | $ | 17,495 | ​ | $ | 17,495 | ​ | $ | 21,490 | ​ | $ | 21,490
Undistributed earnings (loss) allocated to participating shares | ​ |  | 66 | ​ |  | 66 | ​ |  | (147) | ​ |  | (147) | ​ |  | (132) | ​ |  | (132)
Net income (loss) applicable to common shareholders | ​ | $ | (6,181) | ​ | $ | (6,181) | ​ | $ | 17,348 | ​ | $ | 17,348 | ​ | $ | 21,358 | ​ | $ | 21,358
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average shares outstanding | ​ |  | 6,670 | ​ |  | 6,670 | ​ |  | 6,759 | ​ |  | 6,759 | ​ |  | 6,700 | ​ |  | 6,700
Stock options and contingently issuable securities | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 56 | ​ |  | — | ​ |  | 71
​ | ​ |  | 6,670 | ​ |  | 6,670 | ​ |  | 6,759 | ​ |  | 6,815 | ​ |  | 6,700 | ​ |  | 6,771
Income (loss) per share | ​ | $ | (0.93) | ​ | $ | (0.93) | ​ | $ | 2.57 | ​ | $ | 2.55 | ​ | $ | 3.19 | ​ | $ | 3.15

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