Other Assets

12 Months Ended

Oct. 31, 2017

Deferred Costs and Other Assets Disclosure [Abstract]

Other Assets [Text Block]

Prepaid expenses and other assets consist of the following:

		October 31,
		2017		2016
Tooling (1)		$	13,629	$	19,792
Prepaid expenses and other assets		14,089		10,694
Assets held for sale		6,300		6,500
	Total	$	34,018	$	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. Based on the fair market value of the equipment, we recorded an impairment charge of of $200 in fiscal 2017 to properly reflect the $6,300 fair value of the equipment. In 2016, we recorded $1,282 of impairment related to this equipment - see Note 2 - Asset Impairment for further details. We are actively working with the supplier to identify a buyer.

—Other Assets

			October 31,
			2017		2016
Other assets consist of the following:
	Deferred financing costs, net		$	4,550	$	6,098
	Tooling		784		881
	Investment in joint venture		—		1,300
	Other		2,615		4,417
		Total	$	7,949	$	12,696

    Deferred financing costs are amortized over the term of the debt. During fiscal 2017, 2016, and 2015, amortization of these costs amounted to $3,115, $2,505, and $992, respectively. Accumulated amortization was $9,886 and $6,771 as of October 31, 2017 and 2016, respectively. During fiscal years 2017 and 2016, we capitalized $1,779 and $1,785, respectively, of costs related to the Credit Agreement (as defined below).