In the fourth quarter of fiscal 2016, the Company became aware of immaterial errors in certain balance sheet accounts of the Saltillo, Mexico manufacturing facility.

The Company assessed the cumulative impact of these errors and other immaterial errors on its previously reported annual financial statements for fiscal years 2015 and 2014 pursuant to the guidance in ASC 250 "Accounting Changes and Error Corrections" ("ASC 250") and SEC Staff Accounting Bulletin ("SAB") No. 99 Materiality. Immaterial errors were not isolated to a limited number of accounts but were primarily related to prepaid expenses and other assets, property, plant and equipment, net and deferred income taxes. The Assessment concluded that the errors were not material, individually or in the aggregate, to any prior period consolidated financial statements. As such, in accordance with ASC 250 (SAB No. 108, Considering Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements), the prior period consolidated financial statements have been revised (the "Revision") in the applicable consolidated financial statements. The Company concluded a revision of prior period consolidated financial statements was appropriate the next time they were reported, since the correction of errors would have been material if recorded in fiscal year 2016. Immaterial errors related to periods prior to the fiscal year ended October 31, 2014 are reflected as an adjustment to beginning retained earnings for that year. Periods not presented herein will be revised, as applicable, in future filings.

The following schedules reconcile the amounts as previously reported in the applicable consolidated financial statement captions to the corresponding adjusted amounts under the Revision:



	As of October 31, 2015
Balance Sheet	As Reported		Adjustment			As Adjusted
Accounts receivable, net	$	194,373	$	(218	)	$	194,155
Prepaid income taxes	3,799		716			4,515
Inventories, net	58,179		(311		)	57,868
Prepaid expenses and other assets	48,267		(2,561		)	45,706
Total current assets	322,003		(2,374		)	319,629
Property, plant and equipment, net	280,260		(1,037		)	279,223
Goodwill	28,843		(851		)	27,992
Deferred income taxes	4,431		(1,473		)	2,958
Total assets	666,589		(5,735		)	660,854
Accounts payable	160,405		718			161,123
Total current liabilities	196,944		718			197,662
Total liabilities	525,674		718			526,392
Retained earnings	121,457		(6,453		)	115,004
Total stockholders’ equity	140,915		(6,453		)	134,462
Total liabilities and stockholders’ equity	666,589		(5,735		)	660,854



	Year Ended October 31, 2015
Statement of Income	As Reported		Adjustment			As Adjusted
Net revenues*	$	1,073,143	$	(91	)	$	1,073,052
Cost of sales*	986,057		808			986,865
Gross profit	87,086		(899		)	86,187
Operating income	21,763		(899		)	20,864
Income before income taxes	11,514		(899		)	10,615
Provision for income taxes	3,250		1,460			4,710
Net income	8,264		(2,359		)	5,905
Basic earnings per share	$0.48		$0.14			$0.34
Dilute earnings per share	$0.48		$0.14			$0.34

* See Note 1 - Summary of Significant Accounting Policies pertaining to reclassification.



	Year Ended October 31, 2014
Statement of Income	As Reported		Adjustment			As Adjusted
Net revenues*	$	832,026	$	41		$	832,067
Cost of sales*	752,425		3,330			755,755
Gross profit	79,601		(3,289		)	76,312
Selling, general & administrative expenses	50,207		29			50,236
Amortization of intangible assets	2,255		(91		)	2,164
Operating income	31,165		(3,227		)	27,938
Interest expense	4,503		(88		)	4,415
Income before income taxes	27,191		(3,139		)	24,052
Provision for income taxes	4,747		(610		)	4,137
Net income	22,444		(2,529		)	19,915
Basic earnings per share	$1.31		$(0.15)			$1.16
Dilute earnings per share	$1.30		$(0.14)			$1.16

* See Note 1 - Summary of Significant Accounting Policies pertaining to reclassification.



	Year Ended October 31, 2015
Statement of Comprehensive Loss	As Reported			Adjustment			As Adjusted
Net income	$	8,264		$	(2,359	)	$	5,905
Comprehensive loss	(4,904		)	(2,359		)	(7,263		)



	Year Ended October 31, 2014
Statement of Comprehensive Income	As Reported		Adjustment			As Adjusted
Net income	$	22,444	$	(2,529	)	$	19,915
Comprehensive income	11,645		(2,529		)	9,116



	Year Ended October 31, 2015
Statement of Cash Flows	As Reported			Adjustment			As Adjusted
Net income	$	8,264		$	(2,359	)	$	5,905
Depreciation and amortization	34,213			54			34,267
Deferred income taxes	2,997			1,266			4,263
Accounts receivable	(27,595		)	(12		)	(27,607		)
Inventories	989			(631		)	358
Prepaids and other assets	(9,553		)	888			(8,665		)
Payables and other	(6,394		)	471			(5,923		)
Accrued income taxes	(1,711		)	195			(1,516		)
Net cash provided by operating activities	3,501			(128		)	3,373
Capital expenditures	(39,504		)	128			(39,376		)
Net cash used in investing activities	(27,829		)	128			(27,701		)



	Year Ended October 31, 2014
Statement of Cash Flows	As Reported			Revision Adjustment			As Revised
Net income	$	22,444		$	(2,529	)	$	19,915
Depreciation and amortization	27,893			(54		)	27,839
Deferred income taxes	843			(6		)	837
Accounts receivable	(10,444		)	171			(10,273		)
Inventories	3,795			939			4,734
Prepaids and other assets	(9,542		)	1,272			(8,270		)
Payables and other	3,327			246			3,573
Accrued income taxes	(4,922		)	(604		)	(5,526		)
Net cash provided by operating activities	29,583			(565		)	29,018
Capital expenditures	(40,158		)	565			(39,593		)
Net cash used in investing activities	(159,973		)	565			(159,408		)




Statement of Stockholders' Equity	As Reported		Revision Adjustment			As Revised
Total stockholders' equity, Balance at October 31, 2013	$	131,149	$	(1,565	)	$	129,584
Retained earnings, Balance at October 31, 2013	90,749		(1,565		)	89,184
Net income fiscal year 2014	22,444		(2,529		)	19,915
Retained earnings, Balance at October 31, 2014	113,193		(4,094		)	109,099
Total stockholders' equity, Balance at October 31, 2014	144,519		(4,094		)	140,425
Net income fiscal year 2015	8,264		(2,359		)	5,905
Retained earnings, Balance at October 31, 2015	121,457		(6,453		)	115,004
Total stockholders' equity, Balance at October 31, 2015	140,915		(6,453		)	134,462

The Company has also reflected these corrections as applicable in its consolidated financial statements and the related notes thereto.