Property, Plant and Equipment

9 Months Ended

Jul. 31, 2020

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

Note 6. Property, Plant and Equipment

Property, plant and equipment consisted of the following:

	July 31, 2020			October 31, 2019
Land & land improvements	$	27.0		$	24.2
Buildings & improvements		104.5			107.6
Machinery & equipment		84.6			93.1
Rental & used vehicles		21.4			24.4
Computer hardware & software		55.6			58.1
Office furniture & fixtures		6.2			5.8
Construction in process		8.0			11.4
		307.3			324.6
Less: accumulated depreciation		(125.0	)		(122.9	)
Total property, plant and equipment, net	$	182.3		$	201.7

Depreciation expense was $6.2 million and $6.7 million for the three months ended July 31, 2020, and July 31, 2019, respectively, and $20.5 million and $21.5 million for the nine months ended July 31, 2020, and July 31, 2019, respectively.

In connection with the anticipated liquidation of all rental vehicles, the Company recorded a $3.7 million impairment charge during the three months ended July 31, 2020. This impairment charge represents the difference between the carrying value of the assets and expected sale proceeds and is included in the Company’s Condensed Unaudited Consolidated Statement of Operations for the three and nine months ended July 31, 2020.