Derivative Instruments and Fair Value Measurement of Assets and Liabilities (Tables)

3 Months Ended

Jan. 31, 2013

Derivative Insruments and Fair Value of Assets and Liabilities [Abstract]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The Company has not designated any of its derivative contracts for hedge accounting treatment. Therefore, changes in the fair value of these contracts are recorded in the Condensed Consolidated Statements of Income as follows:

		Three Months Ended
Derivatives Not Designated as	Location of Gain or (Loss)	January 31,
Hedging Instruments	Recognized in Earnings	2013			2012
		(In thousands)
Aluminum derivatives	Cost of sales	$	70		$	961
Foreign currency derivatives	Other, net	$	(708	)	$	721

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The fair value of outstanding derivative contracts recorded as assets and liabilities on the accompanying Condensed Consolidated Balance Sheet is indicated in the table below:

	January 31, 2013		October 31, 2012
	(In thousands)
Asset Derivatives
Prepaid and other current assets:
Aluminum derivatives	$	38	$	10
Foreign currency derivatives	$	11	$	6
Liability Derivatives
Accrued liabilities:
Aluminum derivatives	$	79	$	170
Foreign currency derivatives	$	123	$	23
Other liabilities (non-current):
Aluminum derivatives	$	—	$	4

Schedule of Notional Amounts of Oustanding Derivative Positions

The following table summarizes the notional amounts and fair value of the Company's outstanding derivative contracts:

	Notional as indicated			Fair Value in $
		January 31, 2013	October 31, 2012	January 31, 2013			October 31, 2012
		(In thousands)
Aluminum derivatives:
Aluminum forward purchase contracts	LBS	1,213	2,370	$	46		$	(164	)
Aluminum forward sales contracts	LBS	1,488	—	$	(78	)	$	—
Aluminum swap contracts	LBS	163	—	$	(8	)	$	—
Foreign currency exchange derivatives:
Sell EUR, buy GBP	EUR	940	545	$	(7	)	$	—
Sell EUR, buy USD	EUR	8,873	7,663	$	(111	)	$	(23	)
Sell CAD, buy USD	CAD	443	608	$	(5	)	$	1
Buy GBP, sell USD	GBP	1,756	1,934	$	11		$	5

Summary of Fair Value of Assets Measured on Recurring Basis

The following table summarizes the assets and liabilities measured on a recurring basis based on the fair value hierarchy:

	January 31, 2013										October 31, 2012
	Level 1		Level 2			Level 3		Total			Level 1		Level 2			Level 3		Total
	(In thousands)
Assets
Money market fund investments	$	891	$	—		$	—	$	891		$	67,819	$	—		$	—	$	67,819
Aluminum derivatives	—		38			—		38			—		10			—		10
Foreign currency exchange derivatives	—		11			—		11			—		6			—		6
Pension plan assets	19,196		—			—		19,196			18,562		—			—		18,562
Total assets	$	20,087	$	49		$	—	$	20,136		$	86,381	$	16		$	—	$	86,397
Liabilities
Aluminum derivatives	$	—	$	(79	)	$	—	$	(79	)	$	—	$	(174	)	$	—	$	(174	)
Foreign currency exchange derivatives	—		(123		)	—		(123		)	—		(23		)	—		(23		)
Total liabilities	$	—	$	(202	)	$	—	$	(202	)	$	—	$	(197	)	$	—	$	(197	)
Net assets (liabilities)	$	20,087	$	(153	)	$	—	$	19,934		$	86,381	$	(181	)	$	—	$	86,200