SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RELATED DATA (Tables)

12 Months Ended

Oct. 31, 2017

Inventories were as follows:



October 31	2017		2016
Raw materials and work in process	$	100,077	$	90,463
Finished goods and service parts	295,716		274,929
Total FIFO value	395,793		365,392
Less: adjustment to LIFO value	66,801		58,358
Total inventories, net	$	328,992	$	307,034

Property, plant and equipment was as follows:



October 31	2017		2016
Land and land improvements	$	38,060	$	34,744
Buildings and leasehold improvements	194,995		182,121
Machinery and equipment	349,976		325,595
Tooling	197,299		200,842
Computer hardware and software	88,152		85,173
Construction in process	17,132		9,561
Property, plant and equipment	885,614		838,036
Less: accumulated depreciation	650,384		615,998
Property, plant and equipment, net	$	235,230	$	222,038

The changes in accrued warranties were as follows:

Reconciliations of basic and diluted weighted-average shares of common stock outstanding are as follows:



(Shares in thousands)	2017	2016	2015¹
Basic
Weighted-average number of shares of common stock	108,299	109,816	111,107
Assumed issuance of contingent shares	13	18	23
Weighted-average number of shares of common stock and assumed issuance of contingent shares	108,312	109,834	111,130

Diluted
Weighted-average number of shares of common stock and assumed issuance of contingent shares	108,312	109,834	111,130
Effect of dilutive securities	2,940	2,153	2,384
Weighted-average number of shares of common stock, assumed issuance of contingent shares, and effect of dilutive securities	111,252	111,987	113,514


¹	Share data has been adjusted for prior periods presented to reflect a two-for-one stock split effective September 16, 2016.