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Significant Accounting Policies (Tables)
12 Months Ended
Oct. 31, 2017
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, 2017, 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

15 years

 

Summary of Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss at October 31, 2017 and 2016 consisted of:

 

 

 

Cumulative

 

 

Pension and

 

 

Accumulated

 

 

 

translation

 

 

postretirement benefit

 

 

other comprehensive

 

 

 

adjustments

 

 

plan adjustments

 

 

loss

 

Balance at October 31, 2016

 

$

(51,120

)

 

$

(117,127

)

 

$

(168,247

)

Pension and postretirement plan changes, net of

   tax of $(4,852)

 

 

 

 

 

11,115

 

 

 

11,115

 

Currency translation losses

 

 

22,697

 

 

 

 

 

 

22,697

 

Balance at October 31, 2017

 

$

(28,423

)

 

$

(106,012

)

 

$

(134,435

)

 

Reconciliation of Product Warranty Liability

Following is a reconciliation of the product warranty liability for 2017 and 2016:

 

 

 

2017

 

 

2016

 

Balance at beginning of year

 

$

11,770

 

 

$

10,537

 

Accruals for warranties

 

 

11,394

 

 

 

14,487

 

Warranty assumed from acquisitions

 

 

75

 

 

 

 

Warranty payments

 

 

(10,090

)

 

 

(12,575

)

Currency adjustments

 

 

228

 

 

 

(679

)

Balance at end of year

 

$

13,377

 

 

$

11,770