Prepaid Expenses

9 Months Ended

Jul. 31, 2017

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Current Assets [Text Block]

Prepaid Expenses and Other Assets

Prepaid expenses and other assets consist of the following:

		July 31, 2017		October 31, 2016
Tooling (1)		$	13,235	$	19,792
Prepaid expenses and other assets		12,642		10,694
Assets held for sale		6,500		6,500
	Total	$	32,377	$	36,986

(1) Development of molds, dies and tools (collectively, "tooling") related to new program awards that go into production over the next twelve months and are reimbursable by the customer upon successful delivery and approval of an engineered part.

We invested in manufacturing equipment for one of our facilities. During the fourth quarter of fiscal 2016, we determined that a need no longer existed for this type of equipment and is currently recorded as a current asset held for sale. We are actively working with the supplier to identify a buyer.