COMMITMENTS AND CONTINGENCIES

6 Months Ended

Apr. 30, 2025

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

COMMITMENTS AND CONTINGENCIES

Guarantees

As of April 30, 2025, the Company had outstanding standby letters of credit with financial institutions aggregating $6.2 million. These letters of credit primarily relate to performance guarantees issued in connection with customer contracts entered into by certain of the Company's subsidiaries, and a payment guarantee related to potential workers' compensation claims.

Product Warranty

Changes in the Company’s product warranty liability for the six months ended April 30, 2025 and 2024, respectively, are as follows (in thousands):

	Six months ended April 30,
	2025	2024
Balances as of beginning of fiscal year	$4,036	$3,847
Accruals for warranties	1,261	1,425
Acquired warranty liabilities	431	—
Warranty claims settled	(1,402)	(1,459)
Balances as of April 30	$4,326	$3,813

Litigation

The Company is involved in various legal actions arising in the normal course of business. Based upon the Company’s and its legal counsel’s evaluations of any claims or assessments, management is of the opinion that the outcome of these matters will not have a material adverse effect on the Company’s results of operations, financial position or cash flows.