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Inventories

12 Months Ended

Oct. 31, 2014

NOTE 2: Inventories

Inventories at the end of fiscal 2014 and 2013 consisted of the following:

In Thousands	2014		2013

Raw materials and purchased parts	$	165,839	$	165,231
Work in progress		160,884		169,165
Inventory costs under long-term contracts		17,470		13,717
Finished goods		89,402		99,550
	$	433,595	$	447,663

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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