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Inventories

12 Months Ended

Oct. 31, 2013

Inventories

Inventories consist of the following:



	October 31,
	2013		2012
Raw materials	$	16,827	$	17,705
Work-in-process	7,742		6,236
Finished goods	9,573		8,513
Total material	34,142		32,454
Tooling	8,782		12,233
Total inventories	$	42,924	$	44,687

Total cost of inventory is net of reserves to reduce certain inventory from cost to net realizable value. Such reserves aggregated $853 and $55 at October 31, 2013 and 2012, respectively.

The increase in production inventory of $1,688 is the result of increased sales volumes and acquisitions, net of improvements in our supply chain logistics.

The reduction in tooling inventories due to collections of cash for customer reimbursed tooling was $3,451. The balance of tooling inventories of $8,782 is related to new program awards that go into production throughout fiscal 2014.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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