Property and Depreciation

3 Months Ended

Jan. 31, 2020

Property, Plant and Equipment [Abstract]



9	Property and Depreciation

Property, plant, and equipment assets are carried at cost less accumulated depreciation. The company provides for depreciation of property, plant and equipment utilizing the straight-line method over the estimated useful lives of the assets. Buildings and leasehold improvements are generally depreciated over 10 to 40 years, machinery and equipment are generally depreciated over two to 15 years, tooling is generally depreciated over three to five years, and computer hardware and software and website development costs are generally depreciated over two to five years. Expenditures for major renewals and improvements, which substantially increase the useful lives of existing assets, are capitalized, and expenditures for general maintenance and repairs are charged to operating expenses as incurred. Interest is capitalized during the construction period for significant capital projects.

Property, plant and equipment was as follows:



(Dollars in thousands)	January 31, 2020		February 1, 2019		October 31, 2019
Land and land improvements	$	55,602	$	40,475	$	55,613
Buildings and leasehold improvements	276,705		213,927		276,556
Machinery and equipment	450,321		351,390		453,314
Tooling	216,541		215,902		226,870
Computer hardware and software	94,385		83,555		94,409
Construction in process	58,056		45,391		34,937
Property, plant, and equipment, gross	1,151,610		950,640		1,141,699
Less: accumulated depreciation	720,357		671,370		704,382
Property, plant, and equipment, net	$	431,253	$	279,270	$	437,317