Business Segment Information

12 Months Ended

Oct. 31, 2013

Segment Reporting [Abstract]

Business Segment Information [Text Block]

Business Segment Information

The Company conducts its business and reports its information as one operating segment-Automotive Products. The Chief Executive Officer of the Company has been identified as the chief operating decision maker because he has final authority over performance assessment and resource allocation decisions. In determining that one operating segment is appropriate, the Company considered the nature of the business activities, the existence of managers responsible for the operating activities and information presented to the Board of Directors for its consideration and advice. Furthermore, the Company is a full service manufacturer of first operation precision blanks, engineered welded blanks, complex stampings, modular assemblies, highly engineered aluminum die casting and machined components and its patented ShilohCore™ acoustic laminate metal solution predominately for the automotive and heavy truck markets. Customers and suppliers are substantially the same among operations, and all processes entail the acquisition of metal and the processing of the metal for use in the automotive industry.

Revenues from the Company's Mexican subsidiary were $42,418 and $36,647 for fiscal 2013 and 2012, respectively. These revenues represent 6.1% and 6.3% of total revenues for fiscal years 2013 and 2012, respectively. Long-lived assets consist primarily of net property, plant and equipment. Long-lived assets of the Company's foreign subsidiary totaled $16,403 and $14,302 at October 31, 2013 and 2012, respectively. The Company's Mexican subsidiary incurred a foreign currency transaction gain of $141 in fiscal 2013 and a foreign currency loss of $49 in fiscal 2012. The consolidated long-lived assets of the Company totaled $225,174 and $121,263 at 2013 and 2012, respectively.

In fiscal 2013, General Motors and Chrysler accounted for approximately 20.9% and 15.6%, respectively of the Company's revenues. No other individual customer accounted for more than 10% of the Company's revenues in fiscal 2013. At October 31, 2013 and 2012, General Motors accounted for 20.0% and 18.2% of the Company's accounts receivable, respectively, and Chrysler accounted for 23.4% and 23.2% of the Company's accounts receivable, respectively.

Revenues derived from the Company's products were as follows:

	Years Ended October 31,
	2013	2012
Engineered welded blanks	$280,209	$287,604
Complex stampings and modular assemblies	215,869	157,531
Blanking	80,412	92,387
Highly engineered aluminum die casting and machining	71,677	—
Other/scrap	52,019	48,552
Total	$700,186	$586,074

Revenues of geographic regions are attributed to external customers based upon the location of the entity recording the sale.