Acquisition (Tables)

9 Months Ended

Jul. 31, 2020

Business Combinations [Abstract]

Schedule of Preliminary Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed for Spartan ER:

Assets:
Accounts receivable, net	$	30.9
Inventories, net		77.7
Other current assets		2.4
Property, plant and equipment		15.2
Right of use assets		6.0
Total assets acquired		132.2
Liabilities:
Accounts payable		5.0
Customer advances		32.8
Accrued warranty		2.7
Other current liabilities		5.1
Short-term lease obligations		0.8
Deferred income taxes		3.9
Long-term lease obligations		5.4
Other long-term liabilities		9.8
Total liabilities assumed		65.5
Net assets acquired		66.7
Consideration paid		54.8
Gain on acquisition of business	$	(11.9	)