Acquisitions

12 Months Ended

Oct. 31, 2014

Business Combinations [Abstract]

Acquisitions

NOTE 14:  Acquisitions

On December 20, 2013, the Company acquired Sunbank Family of Companies, LLC (Sunbank) for $51.7 million.  The purchase price included $5 million in additional contingent consideration based upon achievement of certain sales levels over a two-year period.  Sunbank is a manufacturer of electrical cable accessories, connectors and flexible conduit systems.  Sunbank is included in the Sensors & Systems segment.

On February 4, 2013, the Company acquired the Gamesman Group (Gamesman) for $40.8 million.  Gamesman is a global supplier of input devices principally serving the gaming industry.  Gamesman is included in the Avionics & Controls segment.

The above acquisitions were accounted for under the purchase method of accounting and the results of operations were included from the effective date of each acquisition.