XML 47 R31.htm IDEA: XBRL DOCUMENT v3.20.4
VALUATION AND QUALIFYING ACCOUNTS
 12 Months Ended
Oct. 31, 2020
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]
SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS
Year ended October 31,
202020192018
Allowance for doubtful accounts (in thousands):
Allowance as of beginning of year$3,666 $3,258 $3,006 
Additions charged to costs and expenses (a)
9,834 638 492 
Additions charged (credited) to other accounts (b)
128 10 (13)
Deductions (c)
(890)(240)(227)
Allowance as of end of year $12,738 $3,666 $3,258 

(a)Additions charged to costs and expenses were higher in fiscal 2020 as compared to fiscal 2019 and fiscal 2018 principally due to potential collection difficulties from certain commercial aviation customers that filed for bankruptcy protection in fiscal 2020 as a result of the financial impact from the COVID-19 global pandemic (the "Pandemic").
(b)Principally additions from acquisitions and foreign currency translation adjustments.
(c)Principally write-offs of uncollectible accounts receivables.
Year ended October 31,
202020192018
Inventory valuation reserves (in thousands):
Reserves as of beginning of year$103,821 $95,391 $92,148 
Additions charged to costs and expenses (a)
27,030 10,148 9,227 
(Deductions) additions charged to other accounts (b)
(63)1,885 1,270 
Deductions (c)
(3,855)(3,603)(7,254)
Reserves as of end of year$126,933 $103,821 $95,391 

(a)Additions charged to costs and expenses were higher in fiscal 2020 as compared to fiscal 2019 and 2018 principally due to the significant decline in global commercial air travel due to the ongoing Pandemic resulting in lower demand for the Company's commercial aviation products and services and certain specific obsolescence reserves following the accelerated retirement of certain older aircraft by major U.S. carriers.
(b)Principally additions from acquisitions and foreign currency translation adjustments.
(c)Principally write-offs of slow-moving, obsolete or damaged inventory.