REVENUE

12 Months Ended

Oct. 31, 2024

REVENUE [Abstract]

REVENUE

NOTE 10 - REVENUE

The following tables present the Company’s revenue for the years ended October 31, 2024, October 31, 2023, and October 31, 2022, disaggregated by product type, geographic origin, and timing of recognition.

	Year Ended
Revenue by Product Type	October 31, 2024		October 31, 2023		October 31, 2022
IC
High-end	$	228,469	$	194,939	$	195,332
Mainstream		409,682		456,340		397,694
Total IC	$	638,151	$	651,279	$	593,026
FPD
High-end	$	195,365	$	200,842	$	186,988
Mainstream		33,430		39,955		44,535
Total FPD	$	228,795	$	240,797	$	231,523
	$	866,946	$	892,076	$	824,549

	Year Ended
Revenue by Geographic Origin*	October 31, 2024		October 31, 2023		October 31, 2022
Taiwan	$	288,275	$	316,889	$	291,342
China		232,941		245,378		212,598
Korea		158,017		162,235		156,139
United States		146,652		128,879		126,205
Europe		39,244		36,579		36,402
Other		1,817		2,116		1,863
	$	866,946	$	892,076	$	824,549

* This table disaggregates revenue by the location in which it was earned.

	Year Ended
Revenue by Timing of Recognition	October 31, 2024		October 31, 2023		October 31, 2022
Over time	$	831,500	$	838,628	$	758,359
At a point in time		35,446		53,448		66,190
	$	866,946	$	892,076	$	824,549

Contract Assets and Contract Liabilities

The following table provides information about the Company’s contract balances at the balance sheet dates.

Classification	October 31, 2024		October 31, 2023
Contract Assets
Other current assets	$	11,532	$	10,984
Contract Liabilities
Accrued liabilities	$	12,375	$	9,965
Other liabilities		8,910		12,454
	$	21,285	$	22,419

The following table presents revenue recognized from contract liabilities that existed at the beginning of the reporting periods.  

	October 31, 2024		October 31, 2023		October 31, 2022
Revenue recognized from beginning liability	$	12,222	$	13,966	$	8,934

The Company’s invoice terms generally range from net thirty to ninety days, depending on both the geographic market in which the transaction occurs and the Company’s payment agreements with specific customers. In the event that the Company’s evaluation of a customer’s business prospects and financial condition indicate that the customer presents a collectability risk, the Company will modify terms of sale, which may require payment in advance of performance. At the time of adoption, the Company elected the practical expedient allowed under ASC Topic 606 “Revenue from Contracts with Customers” (“Topic 606”) that permits the Company not to adjust a contract’s promised amount of consideration to reflect a financing component when the period between when the Company transfers control of goods or services to customers and when the Company is paid is one year or less.

In instances when the Company is paid in advance of the Company’s performance, the Company records a contract liability and, as allowed under the practical expedient in Topic 606, recognize interest expense only if the period between when the Company receives payment from the customer and the date when the Company expects to be entitled to the payment is greater than one year. Historically, advance payments the Company has received from customers have generally not preceded the completion of the Company’s performance obligations by more than one year.