XML 43 R27.htm IDEA: XBRL DOCUMENT v3.20.4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

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

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669686-108580

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

+ Details

Name:	us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

+ Details

Name:	us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4CC
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL109998890-113959

+ Details

Name:	us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

+ Details

Name:	us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration