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Significant Accounting Policies (Tables)
12 Months Ended
Oct. 31, 2016
Accounting Policies [Abstract]  
Useful Lives of Property, Plant and Equipment and Depreciation

Useful lives are as follows:

 

Land improvements

15-25 years

Buildings

20-40 years

Machinery and equipment

3-18 years

Enterprise management systems

5-13 years

 

Weighted Average Useful Lives for Each Major Category of Amortizable Intangible Assets

At October 31, 2016, the weighted-average useful lives for each major category of amortizable intangible assets were:

 

Patent/technology costs

13 years

Customer relationships

14 years

Noncompete agreements

3 years

Trade names

16 years

 

Summary of Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss at October 31, 2016 and 2015 consisted of:

 

 

 

Cumulative

 

 

Pension and

 

 

Accumulated

 

 

 

translation

 

 

postretirement benefit

 

 

other comprehensive

 

 

 

adjustments

 

 

plan adjustments

 

 

loss

 

Balance at October 31, 2015

 

$

(42,427

)

 

$

(102,259

)

 

$

(144,686

)

Pension and postretirement plan changes, net of

   tax of $(8,416)

 

 

 

 

 

(14,868

)

 

 

(14,868

)

Currency translation losses

 

 

(8,693

)

 

 

 

 

 

(8,693

)

Balance at October 31, 2016

 

$

(51,120

)

 

$

(117,127

)

 

$

(168,247

)

 

Reconciliation of Product Warranty Liability

Following is a reconciliation of the product warranty liability for 2016 and 2015:

 

 

 

2016

 

 

2015

 

Balance at beginning of year

 

$

10,537

 

 

$

9,918

 

Accruals for warranties

 

 

14,487

 

 

 

12,531

 

Warranty assumed from acquisitions

 

 

 

 

 

11

 

Warranty payments

 

 

(12,575

)

 

 

(11,487

)

Currency adjustments

 

 

(679

)

 

 

(436

)

Balance at end of year

 

$

11,770

 

 

$

10,537