Held for Sale Assets Held for Sale Assets

12 Months Ended

Oct. 28, 2016

Property, Plant and Equipment [Abstract]

Held for Sale Assets

Held for Sale Assets

As of October 28, 2016, certain assets associated with several of our U.S. facilities met the held for sale criteria in both the Surface and Underground segments. We are disposing of these non-core assets in response to adverse market conditions. The disposal groups have been recognized at the lower of cost or fair value less costs to sell. No gain or loss was recognized in the year ended October 28, 2016.

The value of the assets of $3.7 million is entirely composed of property, plant and equipment. We have recorded these assets as current in the Assets held for sale line of the Condensed Consolidated Balance Sheet, as we expect these assets to be sold within the next year.