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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Oct. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Schedule of Fair Value of Derivative Instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2022 | ​ | 2021
​ | ​ | Balance Sheet | ​ | Fair | ​ | Balance Sheet | ​ | Fair
Derivatives |  | Location |  | Value |  | Location |  | Value
Designated as Hedging Instruments: | ​ |  | ​ | ​ |  | ​ |  | ​ | ​ |
Foreign exchange forward contracts | ​ | Derivative assets | ​ | $ | 2,273 | ​ | Derivative assets | ​ | $ | 646
Foreign exchange forward contracts | ​ | Derivative liabilities | ​ | $ | 2,891 | ​ | Derivative liabilities | ​ | $ | 403
​ | ​ |  | ​ |  | ​ | ​ | ​ | ​ |  | ​
Not Designated as Hedging Instruments: | ​ |  | ​ |  | ​ | ​ | ​ | ​ | ​ | ​
Foreign exchange forward contracts | ​ | Derivative assets | ​ | $ | 242 | ​ | Derivative assets | ​ | $ | 259
Foreign exchange forward contracts | ​ | Derivative liabilities | ​ | $ | 741 | ​ | Derivative liabilities | ​ | $ | 64
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, 2022, 2021, and 2020 (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 |  | 2022 |  | 2021 |  | 2020 |  | Income (Loss) |  | 2022 |  | 2021 |  | 2020
Designated as Hedging Instruments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Effective Portion) |  | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ |  | ​ | ​ |  |  | ​ | ​ |  | ​ |
Foreign exchange forward contracts – Intercompany sales/purchases | ​ | $ | (384) | ​ | $ | (477) | ​ | $ | 395 | ​ | Cost of sales and service | ​ | $ | (191) |  | $ | 679 | ​ | $ | 421
Foreign exchange forward contract – Net investment | ​ | $ | 401 | ​ | $ | 43 | ​ | $ | (64) | ​ |  | ​ |  |  |  |  | ​ | ​ | ​ | ​
​
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, 2022, 2021, and 2020 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 |  | 2022 |  | 2021 |  | 2020
Not Designated as Hedging Instruments: |  |  |  | ​ |  |  | ​ | ​ |  | ​ |
Foreign exchange forward contracts |  | Other expense, net | ​ | $ | 2,374 |  | $ | (313) | ​ | $ | (171)
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, 2022 and 2021 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Foreign | ​ | Cash | ​ | ​ | ​
​ | ​ | Currency | ​ | Flow | ​ | ​ | ​
​ |  | Translation |  | Hedges |  | Total
Balance, October 31, 2020 | ​ | $ | (4,073) |  | $ | 1,083 | ​ | $ | (2,990)
Other comprehensive income (loss) before reclassifications | ​ |  | 2,405 | ​ |  | (477) | ​ |  | 1,928
Reclassifications | ​ |  | — | ​ |  | (679) | ​ |  | (679)
Balance, October 31, 2021 | ​ | $ | (1,668) |  | $ | (73) | ​ | $ | (1,741)
Other comprehensive income (loss) before reclassifications | ​ |  | (19,591) | ​ |  | (384) | ​ |  | (19,975)
Reclassifications | ​ |  | — | ​ |  | 191 | ​ |  | 191
Balance, October 31, 2022 | ​ | $ | (21,259) |  | $ | (266) | ​ | $ | (21,525)
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
2023 |  | $ | 1,663
2024 |  | ​ | 1,905
2025 |  | ​ | 1,281
2026 |  | ​ | 1,132
2027 and thereafter |  | ​ | 1,321
Schedule of Intangible Assets | As of October 31, 2022, 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 | ​ |  | 728 | ​ |  | (261) | ​ |  | 467
Customer relationships |  | 15 | years | ​ |  | 367 | ​ |  | (243) | ​ |  | 124
Technology |  | 13 | years | ​ |  | 605 | ​ |  | (434) | ​ |  | 171
Noncompete | ​ | 5 | years | ​ | ​ | 580 | ​ | ​ | (377) | ​ | ​ | 203
Patents |  | 6 | years | ​ |  | 2,972 | ​ |  | (2,884) | ​ |  | 88
Other |  | 8 | years | ​ |  | 387 | ​ |  | (371) | ​ |  | 16
Total |  | ​ |  | ​ | $ | 5,816 |  | $ | (4,570) | ​ | $ | 1,246
​ As of October 31, 2021, 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 | ​ |  | 763 | ​ |  | (234) | ​ |  | 529
Customer relationships |  | 15 | years | ​ |  | 373 | ​ |  | (223) | ​ |  | 150
Technology |  | 13 | years | ​ |  | 708 | ​ |  | (454) | ​ |  | 254
Noncompete | ​ | 5 | years | ​ | ​ | 580 | ​ | ​ | (261) | ​ | ​ | 319
Patents |  | 6 | years | ​ |  | 2,972 | ​ |  | (2,860) | ​ |  | 112
Other |  | 8 | years | ​ |  | 397 | ​ |  | (373) | ​ |  | 24
Total |  | ​ |  | ​ | $ | 5,970 |  | $ | (4,405) | ​ | $ | 1,565
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,
​ | ​ | 2022 | ​ | 2021 | ​ | 2020
(in thousands, except per share amounts) |  | Basic |  | Diluted |  | Basic |  | Diluted |  | Basic |  | Diluted
Net income (loss) | ​ | $ | 8,226 | ​ | $ | 8,226 | ​ | $ | 6,764 | ​ | $ | 6,764 | ​ | $ | (6,247) | ​ | $ | (6,247)
Undistributed earnings (loss) allocated to participating shares | ​ |  | (97) | ​ |  | (97) | ​ |  | (76) | ​ |  | (76) | ​ |  | 66 | ​ |  | 66
Net income (loss) applicable to common shareholders | ​ | $ | 8,129 | ​ | $ | 8,129 | ​ | $ | 6,688 | ​ | $ | 6,688 | ​ | $ | (6,181) | ​ | $ | (6,181)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average shares outstanding | ​ |  | 6,580 | ​ |  | 6,580 | ​ |  | 6,595 | ​ |  | 6,595 | ​ |  | 6,670 | ​ |  | 6,670
Stock options and contingently issuable securities | ​ |  | — | ​ |  | 52 | ​ |  | — | ​ |  | 13 | ​ |  | — | ​ |  | —
​ | ​ |  | 6,580 | ​ |  | 6,632 | ​ |  | 6,595 | ​ |  | 6,608 | ​ |  | 6,670 | ​ |  | 6,670
Income (loss) per share | ​ | $ | 1.24 | ​ | $ | 1.23 | ​ | $ | 1.01 | ​ | $ | 1.01 | ​ | $ | (0.93) | ​ | $ | (0.93)

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