Income Taxes (Tables)

12 Months Ended

Oct. 31, 2020

Income Tax Disclosure [Abstract]

Income Before (Benefit) Provision for Income Taxes

Income is taxed in the following jurisdictions:

	Fiscal Year Ended
	October 31, 2020			October 31, 2019			October 31, 2018
Domestic	$	(45.6	)	$	(16.5	)	$	5.2
Foreign		(0.5	)		(0.1	)		(3.0	)
(Losses) income before (benefit) provision for income    taxes	$	(46.1	)	$	(16.6	)	$	2.2

(Benefit) Provision for Income Taxes

Benefit for income taxes is summarized as follows:

	Fiscal Year Ended
	October 31, 2020			October 31, 2019			October 31, 2018
Current:
Federal	$	10.4		$	0.4		$	(6.8	)
State		1.8			1.1			0.1
Foreign		—			—			—
Total Current	$	12.2		$	1.5		$	(6.7	)
Deferred:
Federal		(24.0	)		(4.0	)		(6.4	)
State		(3.8	)		(1.0	)		0.9
Foreign		—			—			1.4
Total Deferred		(27.8	)		(5.0	)		(4.1	)
Benefit for income taxes	$	(15.6	)	$	(3.5	)	$	(10.8	)

Reconciliation of Income Tax (Benefit)/Expense at Federal Statutory Rate to Company's (Benefit) Provision for Income Taxes

Income tax (benefit) provision at the federal statutory rate is reconciled to the Company’s benefit for income taxes as follows:

	Fiscal Year Ended
	October 31, 2020			October 31, 2019			October 31, 2018
Income tax (benefit) provision at federal statutory rate	$	(9.7	)	$	(3.5	)	$	0.5
Taxes on foreign income which differ from the U.S. statutory    rate		—			—			(0.3	)
State (benefit) expense		(2.3	)		(0.2	)		0.5
CARES Act impact		(3.5	)		—			—
Manufacturing and research incentives		(0.9	)		(0.6	)		(2.7	)
Nondeductible items		0.8			0.2			0.7
Uncertain tax positions		0.4			(0.1	)		(0.4	)
Valuation allowance		0.2			—			2.2
Remeasurement of deferred taxes - U.S. Tax Reform		—			—			(11.3	)
Bargain purchase gain		(2.2	)		—			—
Stock-based compensation		1.4			0.8			—
Other items		0.2			(0.1	)		—
Benefit for income taxes	$	(15.6	)	$	(3.5	)	$	(10.8	)

Temporary Differences and Carryforwards that Give Rise to Deferred Tax Assets and Liabilities

Temporary differences and carryforwards that give rise to deferred tax assets and liabilities include the following items:

	Fiscal Year Ended
	October 31, 2020			October 31, 2019
Deferred tax assets:
Product warranty	$	6.4		$	5.8
Inventory		6.5			5.0
Deferred employee benefits		5.0			4.3
Net operating loss and credit carryforwards		4.9			13.3
Other reserves and allowances		5.9			3.2
Gross deferred tax assets		28.7			31.6
Less: valuation allowance		(1.7	)		(2.1	)
Deferred tax assets		27.0			29.5
Deferred tax liabilities:
Intangible assets		(24.5	)		(26.5	)
Property, plant and equipment		(4.6	)		(16.3	)
Other		(0.8	)		(2.0	)
Deferred tax liabilities		(29.9	)		(44.8	)
Net deferred tax liability	$	(2.9	)	$	(15.3	)

The net deferred tax assets/ (liabilities) recorded in the consolidated balance sheet are as follows:

	Fiscal Year Ended
	October 31, 2020			October 31, 2019
Noncurrent deferred tax asset	$	—		$	0.1
Noncurrent deferred tax liability		(2.9	)		(15.4	)
Net deferred tax liability	$	(2.9	)	$	(15.3	)

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits are as follows:

	Fiscal Year Ended
	October 31, 2020		October 31, 2019			October 31, 2018
Balance at beginning of year	$	2.4	$	2.1		$	2.6
Additions (reductions) for tax positions in    prior year		0.2		0.3			0.3
Additions for tax positions in current year		0.1		0.1			0.3
Cash settlements with taxing authorities		—		—			(0.2	)
Statute of limitations		—		(0.1	)		(0.9	)
Balance at end of year	$	2.7	$	2.4		$	2.1