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Inventories

9 Months Ended

Jul. 31, 2014

Inventories

Inventories consist of the following:



	July 31, 2014		October 31, 2013
Raw materials	$	29,016	$	16,827
Work-in-process	17,104		7,742
Finished goods	17,186		9,573
Total material	63,306		34,142
Tooling	24,864		8,782
Total inventory	$	88,170	$	42,924

Total cost of inventory is net of reserves to reduce certain inventory from cost to net realizable value. Such reserves aggregated $411 and $853 at July 31, 2014 and October 31, 2013, respectively.

Customer reimbursed tooling inventories totaling $24,864 as of July 31, 2014 increased $16,082 from October 31, 2013, for tooling related to new program awards that go into production over the next two years. Of the increase in tooling, $8,147 is from the Finneveden acquisition.

- 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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