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EMPLOYEE RETIREMENT PLANS
12 Months Ended
Oct. 31, 2017
Compensation and Retirement Disclosure [Abstract]  
EMPLOYEE RETIREMENT PLANS
The company maintains The Toro Company Investment, Savings, and Employee Stock Ownership Plan for eligible employees. The company's expenses under this plan were $17,932, $16,986, and $17,400 for the fiscal years ended October 31, 2017, 2016, and 2015, respectively.
In addition, the company and its subsidiaries have defined benefit, supplemental, and other retirement plans covering certain employees in the U.S. and the United Kingdom. The projected benefit obligation of these plans as of October 31, 2017 and 2016 was $41,448 and $45,603, respectively, and the net liability amount recognized in the Consolidated Balance Sheets as of October 31, 2017 and 2016 was $4,558 and $4,243, respectively. The accumulated benefit obligation of these plans as of October 31, 2017 and 2016 was $41,448 and $45,603, respectively. The funded status of these plans as of October 31, 2017 and 2016 was $6,238 and $12,984, respectively. The fair value of the plan assets as of October 31, 2017 and 2016 was $35,211 and $32,619, respectively. The net expense recognized in the Consolidated Financial Statements for these plans was $1,477, $1,220, and $2,406 for the fiscal years ended October 31, 2017, 2016, and 2015, respectively.
Amounts recognized in accumulated other comprehensive loss consisted of:
Fiscal Years Ended October 31
 
Defined Benefit
Pension Plans
 
Post-retirement
Benefit Plan
 
Total
2017
 
 

 
 

 
 

Net actuarial loss (gain)
 
$
4,998

 
$
(2,986
)
 
$
2,012

Accumulated other comprehensive loss (income)
 
$
4,998

 
$
(2,986
)
 
$
2,012

2016
 
 

 
 

 
 

Net actuarial loss
 
$
5,496

 
$
554

 
$
6,050

Net prior service cost
 
309

 

 
309

Accumulated other comprehensive loss
 
$
5,805

 
$
554

 
$
6,359


The following amounts are included in accumulated other comprehensive loss as of October 31, 2017 and are expected to be recognized as components of net periodic benefit cost during fiscal 2018:
October 31, 2017
 
Defined Benefit
Pension Plans
 
Post-retirement
Benefit Plan
 
Total
Net actuarial loss (gain)
 
$
128

 
$
(377
)
 
$
(249
)
Total
 
$
128

 
$
(377
)
 
$
(249
)

Amounts recognized in net periodic benefit cost and other comprehensive loss (income) consisted of:
Fiscal Years Ended October 31
 
Defined Benefit
Pension Plans
 
Post-retirement
Benefit Plan
 
Total
2017
 
 

 
 

 
 

Net actuarial gain
 
$
(280
)
 
$
(3,534
)
 
$
(3,814
)
Prior service cost
 
51

 

 
51

Amortization of unrecognized prior service credit
 
(360
)
 

 
(360
)
Amortization of unrecognized actuarial gain
 
(219
)
 
(5
)
 
(224
)
Total recognized in other comprehensive income
 
$
(808
)
 
$
(3,539
)
 
$
(4,347
)
Total recognized in net periodic benefit cost and other comprehensive loss (income)
 
$
22

 
$
(2,892
)
 
$
(2,870
)

Fiscal Years Ended October 31
 
Defined Benefit
Pension Plans
 
Post-retirement
Benefit Plan
 
Total
2016
 
 

 
 

 
 

Net actuarial loss
 
$
469

 
$
619

 
$
1,088

Prior service cost
 

 

 

Amortization of unrecognized prior service credit
 
(42
)
 

 
(42
)
Amortization of unrecognized actuarial gain
 
(73
)
 

 
(73
)
Total recognized in other comprehensive loss
 
$
354

 
$
619

 
$
973

Total recognized in net periodic benefit cost and other comprehensive loss
 
$
976

 
$
1,217

 
$
2,193

The company has omitted the remaining disclosures for its defined benefit plans and post-retirement healthcare plan as the company deems these plans to be immaterial to its Consolidated Financial Position and Results of Operations.