XML 20 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
Related Party Receivables
9 Months Ended
Jul. 31, 2016
Related Party Receivables [Abstract]  
Related Party Transactions Disclosure [Text Block]
Related Party Receivables

The Company had sales to MTD Products Inc. and its affiliates of $1,099 and $3,184 for the three and nine months ended July 31, 2016, respectively, and $1,577 and $5,364 for the three and nine months ended July 31, 2015, respectively. At July 31, 2016 and October 31, 2015, the Company had related party receivable balances of $841 and $1,092, respectively, due from MTD Products Inc. and its affiliates.

As of July 31, 2016, the Company had one joint venture in China. Operating activities have been insignificant and are not yet consolidated in the Company's statement of operations.

On March 11, 2014, the Company entered into a manufacturing agreement with Velocys, plc. As part of the agreement, the Company invested $2,000, which is comprised of Velocys stock with a market value of $1,527 on the date of acquisition and a premium paid of $473, which is being amortized over the remaining life of the related supplier agreement. The Company re-measures available-for-sale securities at fair value and records the unrealized gain or loss in other comprehensive income until realized. A cumulative mark-to-market unfavorable adjustment of $38 and $158, net of tax, was recorded as a loss to other comprehensive income (loss) for the three and nine months ended July 31, 2016, respectively. A cumulative mark-to-market unfavorable adjustment of $168 and $359, net of tax, was recorded as a loss to other comprehensive income (loss) for the three and nine months ended July 31, 2015, respectively.

The Company had $5 and $12 of sales to Velocys for the three and nine months ended July 31, 2016, respectively, and $1,163 and $1,360 for the three and nine months ended July 31, 2015, respectively. At July 31, 2016 and October 31, 2015, the balances due from Velocys were immaterial.