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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Oct. 31, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
Schedule of fair value of derivative instruments | As of October 31, 2024 and October 31, 2023, all derivative instruments were recorded at fair value on our Consolidated Balance Sheets as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | October 31, 2024 | ​ | October 31, 2023 | ​
​ | ​ | Balance Sheet | ​ | Fair | ​ | Balance Sheet | ​ | Fair | ​
Derivatives |  | Location |  | Value |  | Location |  | Value |
Designated as Hedging Instruments: | ​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​
Foreign exchange forward contracts | ​ | Derivative assets | ​ | $ | 165 | ​ | Derivative assets | ​ | $ | 363 | ​
Foreign exchange forward contracts | ​ | Derivative liabilities | ​ | $ | 430 | ​ | Derivative liabilities | ​ | $ | 1,232 | ​
​ | ​ |  | ​ |  | ​ | ​ | ​ | ​ |  |  | ​
Not Designated as Hedging Instruments: | ​ |  | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​
Foreign exchange forward contracts | ​ | Derivative assets | ​ | $ | 158 | ​ | Derivative assets | ​ | $ | 377 | ​
Foreign exchange forward contracts | ​ | Derivative liabilities | ​ | $ | 275 | ​ | Derivative liabilities | ​ | $ | 589 | ​
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, Consolidated Statements of Changes in Shareholders’ Equity, and Consolidated Statements of Operations, net of tax, during the fiscal years ended October 31, 2024, 2023, and 2022 (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 |  | 2024 |  | 2023 |  | 2022 |  | Income (Loss) |  | 2024 |  | 2023 |  | 2022
Designated as Hedging Instruments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(Effective Portion) |  | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ |  | ​ | ​ |  |  | ​ | ​ |  | ​ |
Foreign exchange forward contracts | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Cost of sales | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
– Intercompany sales/purchases | ​ | ​ | (727) | ​ | ​ | (1,465) | ​ | ​ | (384) | ​ | and service | ​ | ​ | (1,339) | ​ | ​ | 488 | ​ | ​ | (191)
Foreign exchange forward contract | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
– Net investment | ​ | ​ | (29) | ​ | ​ | (99) | ​ | ​ | 401 | ​ |  | ​ |  |  |  |  |  |  |  |
​
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, 2024, 2023, and 2022 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 |  | 2024 |  | 2023 |  | 2022
Not Designated as Hedging Instruments: |  |  |  | ​ |  |  | ​ | ​ |  | ​ |
Foreign exchange forward contracts |  | Other expense, net | ​ | $ | (1,751) |  | $ | (3,112) | ​ | $ | 2,374
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, 2024 and 2023 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Foreign | ​ | Cash | ​ | ​ | ​
​ | ​ | Currency | ​ | Flow | ​ | ​ | ​
​ |  | Translation |  | Hedges |  | Total
Balance, October 31, 2022 | ​ | $ | (21,259) |  | $ | (266) | ​ | $ | (21,525)
Other comprehensive income (loss) before reclassifications | ​ |  | 3,274 | ​ |  | (1,465) | ​ |  | 1,809
Reclassifications | ​ |  | — | ​ |  | (488) | ​ |  | (488)
Balance, October 31, 2023 | ​ | $ | (17,985) |  | $ | (2,219) | ​ | $ | (20,204)
Other comprehensive income (loss) before reclassifications | ​ |  | 3,474 | ​ |  | (727) | ​ |  | 2,747
Reclassifications | ​ |  | — | ​ |  | 1,339 | ​ |  | 1,339
Deferred income tax valuation allowances | ​ |  | — | ​ |  | (276) | ​ |  | (276)
Balance, October 31, 2024 | ​ | $ | (14,511) |  | $ | (1,883) | ​ | $ | (16,394)
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, which includes projects still in progress, for the fiscal years ending October 31, is as follows (in thousands): ​
​ | ​ | ​ | ​
Fiscal Year |  | Amortization Expense
2025 |  | $ | 1,065
2026 |  | ​ | 931
2027 |  | ​ | 1,302
2028 |  | ​ | 1,151
2029 and thereafter |  | ​ | 2,594
Schedule of intangible assets | As of October 31, 2024, the balances of intangible assets 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 | ​ |  | 749 | ​ |  | (381) | ​ |  | 368
Customer relationships |  | 15 | years | ​ |  | 371 | ​ |  | (286) | ​ |  | 85
Technology |  | 13 | years | ​ |  | 666 | ​ |  | (581) | ​ |  | 85
Noncompete | ​ | 5 | years | ​ | ​ | 580 | ​ | ​ | (580) | ​ | ​ | —
Patents |  | 6 | years | ​ |  | 2,973 | ​ |  | (2,933) | ​ |  | 40
Other |  | 8 | years | ​ |  | 393 | ​ |  | (385) | ​ |  | 8
Total |  | ​ |  | ​ | $ | 5,909 |  | $ | (5,146) | ​ | $ | 763
​ As of October 31, 2023, 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 | ​ |  | 742 | ​ |  | (324) | ​ |  | 418
Customer relationships |  | 15 | years | ​ |  | 369 | ​ |  | (270) | ​ |  | 99
Technology |  | 13 | years | ​ |  | 647 | ​ |  | (514) | ​ |  | 133
Noncompete | ​ | 5 | years | ​ | ​ | 580 | ​ | ​ | (493) | ​ | ​ | 87
Patents |  | 6 | years | ​ |  | 2,973 | ​ |  | (2,909) | ​ |  | 64
Other |  | 8 | years | ​ |  | 392 | ​ |  | (376) | ​ |  | 16
Total |  | ​ |  | ​ | $ | 5,880 |  | $ | (4,886) | ​ | $ | 994
​
Schedule of computation of basic and diluted net income (loss) per share | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Fiscal Year Ended October 31,
​ | 2024 | ​ | 2023 | ​ | 2022
​ | Basic |  | Diluted |  | Basic |  | Diluted |  | Basic |  | Diluted
Net (loss) income | $ | (16,608) | ​ | $ | (16,608) | ​ | $ | 4,389 | ​ | $ | 4,389 | ​ | $ | 8,226 | ​ | $ | 8,226
Undistributed earnings allocated to participating shares |  | — | ​ |  | — | ​ |  | (61) | ​ |  | (61) | ​ |  | (97) | ​ |  | (97)
Net (loss) income applicable to common shareholders | $ | (16,608) | ​ | $ | (16,608) | ​ | $ | 4,328 | ​ | $ | 4,328 | ​ | $ | 8,129 | ​ | $ | 8,129
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average shares outstanding |  | 6,489 | ​ |  | 6,489 | ​ |  | 6,499 | ​ |  | 6,499 | ​ |  | 6,580 | ​ |  | 6,580
Stock options and contingently issuable securities |  | — | ​ |  | — | ​ |  | — | ​ | ​ | 29 | ​ |  | — | ​ |  | 52
​ |  | 6,489 | ​ |  | 6,489 | ​ |  | 6,499 | ​ |  | 6,528 | ​ |  | 6,580 | ​ |  | 6,632
(Loss) income per share | $ | (2.56) | ​ | $ | (2.56) | ​ | $ | 0.67 | ​ | $ | 0.66 | ​ | $ | 1.24 | ​ | $ | 1.23

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