Property, Plant and Equipment

9 Months Ended

Jul. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Property, Plant and Equipment

Property, plant and equipment consist of the following:

	July 31, 2015		October 31, 2014
Land and improvements	$	11,316	$	11,452
Buildings and improvements	116,666		117,776
Machinery and equipment	477,851		455,482
Furniture and fixtures	12,150		11,161
Construction in progress	60,637		52,345
Total, at cost	678,620		648,216
Less: Accumulated depreciation	403,987		373,388
Property, plant and equipment, net	$	274,633	$	274,828

During the third quarter, the company entered into certain sale-leaseback transactions resulting in proceeds of $9,854. There was no gain or loss as a result of these transactions.

Depreciation expense was $8,613 and $6,664 for the three months and $24,288 and $18,459 for the nine months ended July 31, 2015 and July 31, 2014, respectively.

Capital Leases:

	July 31, 2015		October 31, 2014
Leased Property:
Machinery and equipment	$	6,978	$	7,639
Less: Accumulated depreciation	983		367
Leased property, net	$	5,995	$	7,272

The decrease in machinery and equipment of $661 is due to the foreign currency translation at July 31, 2015 at one of the Company's European manufacturing facilities.

Total obligations under capital leases and future minimum rental payments to be made under capital leases at July 31, 2015 are as follows:

Twelve Months Ending July 31,
2016	$	857
2017	859
2018	893
2019	772
2020	442
Thereafter	1,899
	5,722
Plus amount representing interest ranging from 3.05% to 3.77%	652
Future minimum rental payments	$	6,374