Summary of Significant Accounting Policies and Related Data (Tables)

Inventories, net were as follows (in thousands):


October 31	2022		2021
Raw materials and work in process	$	482,884	$	335,325
Finished goods and service parts	738,097		538,332
Total FIFO value	1,220,981		873,657
Less: adjustment to LIFO value	169,872		135,487
Total inventories, net	$	1,051,109	$	738,170

Property, plant and equipment, net was as follows (in thousands):


October 31	2022		2021
Land and land improvements	$	59,550	$	57,690
Buildings and leasehold improvements	324,343		308,217
Machinery and equipment	557,588		522,012
Tooling	225,865		220,966
Computer hardware and software	104,713		97,485
Construction in process	144,418		85,722
Property, plant and equipment, gross	1,416,477		1,292,092
Less: accumulated depreciation	844,816		804,361
Property, plant and equipment, net	$	571,661	$	487,731

The changes in accrued warranties were as follows (in thousands):

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


Fiscal Years Ended October 31	2022	2021	2020
Basic
Weighted-average number of shares of common stock	104,817	107,336	107,647
Assumed issuance of contingent shares	5	5	11
Weighted-average number of shares of common stock outstanding – Basic	104,822	107,341	107,658

Diluted
Weighted-average number of shares of common stock outstanding – Basic	104,822	107,341	107,658
Effect of dilutive securities	827	1,132	1,005
Weighted-average number of shares of common stock outstanding – Diluted	105,649	108,473	108,663