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Significant Accounting Policies (Tables)
12 Months Ended
Oct. 31, 2018
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, 2018, 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, 2018 and 2017 consisted of:

 

 

 

Cumulative

 

 

Pension and

 

 

Accumulated

 

 

 

translation

 

 

postretirement benefit

 

 

other comprehensive

 

 

 

adjustments

 

 

plan adjustments

 

 

loss

 

Balance at October 31, 2017

 

$

(28,423

)

 

$

(106,012

)

 

$

(134,435

)

Pension and postretirement plan changes, net of

   tax of $(665)

 

 

 

 

 

2,586

 

 

 

2,586

 

Reclassification due to adoption of new accounting

   standard (Note 2)

 

 

 

 

 

(18,846

)

 

 

(18,846

)

Currency translation losses

 

 

(28,619

)

 

 

 

 

 

(28,619

)

Balance at October 31, 2018

 

$

(57,042

)

 

$

(122,272

)

 

$

(179,314

)

Reconciliation of Product Warranty Liability

Following is a reconciliation of the product warranty liability for 2018 and 2017:

 

 

 

2018

 

 

2017

 

Balance at beginning of year

 

$

13,377

 

 

$

11,770

 

Accruals for warranties

 

 

11,937

 

 

 

11,394

 

Warranty assumed from acquisitions

 

 

 

 

 

75

 

Warranty payments

 

 

(12,966

)

 

 

(10,090

)

Currency adjustments

 

 

(153

)

 

 

228

 

Balance at end of year

 

$

12,195

 

 

$

13,377