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Property, Plant & Equipment
12 Months Ended
Oct. 31, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure Property, Plant and Equipment
Property, plant and equipment consisted of the following at October 31, 2025 and 2024 (in thousands):
 October 31,
 20252024
Land and land improvements$21,725 $99,068 
Buildings and building improvements194,034 186,087 
Machinery and equipment548,623 462,628 
Construction in progress62,018 46,534 
Property, plant and equipment, gross826,400 794,317 
Less: Accumulated depreciation414,809 391,851 
Property, plant and equipment, net$411,591 $402,466 
Depreciation expense, including amortization of finance leases, for the years ended October 31, 2025, 2024, and 2023 was $64.0 million, $34.9 million and $27.6 million, respectively. As a result of push-down accounting related to the assets acquired
in the Tyman acquisition, we recorded a one-time depreciation charge of $7.3 million to reflect the application on useful lives on an asset by asset basis thus requiring an adjustment during during the year ended October 31, 2025.
The reported balances of our property, plant and equipment as of October 31, 2025 have been updated to incorporate reclassifications of balances between categories of assets and between gross and accumulated depreciation values. These reclassifications are immaterial to the current and prior period financial statements.
If there are indicators of potential impairment, we evaluate our property, plant and equipment for recoverability over the remaining useful lives of the assets. We did not incur impairment losses associated with these assets for the years ended October 31, 2025, 2024, and 2023. See further discussion at Note 1, “Nature of Operations, Basis of Presentation and Significant Accounting Policies - Long-Lived Assets - Property, Plant and Equipment and Intangible Assets with Defined Lives.”