REV (REVG) 10-Q 4 Sep 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jul. 31, 2019	Sep. 03, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--10-31
Entity File Number	001-37999
Trading Symbol	REVG
Entity Registrant Name	REV Group, Inc.
Entity Central Index Key	0001687221
Entity Incorporation, State or Country Name	Delaware
Entity Tax Identification Number	263013415
Entity Address, Address Line One	111 East Kilbourn Avenue
Entity Address, Address Line Two	Suite 2600
Entity Address, City or Town	Milwaukee
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53202
City Area Code	414
Local Phone Number	290-0190
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		62,207,841

Condensed Unaudited Consolidate

Condensed Unaudited Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 31, 2019	Oct. 31, 2018
Current assets:
Cash and cash equivalents	$ 19.8	$ 11.9
Accounts receivable, net	236.2	266.9
Inventories, net	557.9	514
Other current assets	51.3	50.3
Total current assets	865.2	843.1
Property, plant and equipment, net	203.2	214.3
Goodwill	159.8	161.8
Intangible assets, net	163.9	174.6
Other long-term assets	14	14.3
Total assets	1,406.1	1,408.1
Current liabilities:
Current portion of long-term debt	1.8	1.3
Accounts payable	211	218.1
Customer advances	128.1	117.8
Accrued warranty	13.8	19
Other current liabilities	63.2	55.5
Liabilities held for sale	16.6	5.5
Total current liabilities	434.5	417.2
Long-term debt, less current maturities	416.8	420.6
Deferred income taxes	23.4	19.9
Other long-term liabilities	13.9	18
Total liabilities	888.6	875.7
Commitments and contingencies
Shareholders' Equity:
Common stock ($.001 par value, 605,000,000 shares authorized; 62,207,841 and 62,683,808 shares issued and outstanding, respectively)	0.1	0.1
Additional paid-in capital	490.4	492.1
Retained earnings	27.6	40.6
Accumulated other comprehensive loss	(1.6)	(1.4)
Total REV's shareholders' equity	516.5	531.4
Non-controlling interest	1	1
Total shareholders' equity	517.5	532.4
Total liabilities and shareholders' equity	$ 1,406.1	$ 1,408.1

Condensed Unaudited Consolida_2

Condensed Unaudited Consolidated Balance Sheets (Parenthetical) - $ / shares	Jul. 31, 2019	Oct. 31, 2018
Statement Of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized shares	605,000,000	605,000,000
Common stock, shares issued	62,207,841	62,683,808
Common stock, shares outstanding	62,207,841	62,683,808

Condensed Unaudited Consolida_3

Condensed Unaudited Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Income Statement [Abstract]
Net sales	$ 617	$ 597.7	$ 1,750.8	$ 1,721.4
Cost of sales	545.7	518.2	1,560.7	1,516.6
Gross profit	71.3	79.5	190.1	204.8
Operating expenses:
Selling, general and administrative	48.9	43.5	145.3	133.2
Research and development costs	1.2	1.6	3.7	4.9
Amortization of intangible assets	4	4.6	13.2	13.6
Restructuring	1.3	0.9	4.2	6.9
Impairment charges			2.8
Total operating expenses	55.4	50.6	169.2	158.6
Operating income	15.9	28.9	20.9	46.2
Interest expense, net	8.4	6.8	24.2	18.3
Income (loss) before provision (benefit) for income taxes	7.5	22.1	(3.3)	27.9
Provision (benefit) for income taxes	1.9	3.8	0	(7.2)
Net income (loss)	5.6	18.3	(3.3)	35.1
Other comprehensive loss, net of tax		(0.4)	(0.2)	(1.2)
Comprehensive income (loss)	$ 5.6	$ 17.9	$ (3.5)	$ 33.9
Income (loss) per common share:
Basic	$ 0.09	$ 0.29	$ (0.05)	$ 0.55
Diluted	0.09	0.28	(0.05)	0.53
Dividends declared per common share	$ 0.05	$ 0.05	$ 0.15	$ 0.15

Condensed Unaudited Consolida_4

Condensed Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Cash flows from operating activities:
Net (loss) income	$ (3.3)	$ 35.1
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	34.8	33.9
Amortization of debt issuance costs	1.5	1.3
Stock-based compensation expense	7.3	5.1
Deferred income taxes	3.5	(0.8)
Gain on sale of assets	(1.7)	(2.2)
Impairment charges	2.8
Changes in operating assets and liabilities, net of effects of business acquisitions	(22.9)	(129.2)
Net cash provided by (used in) operating activities	22	(56.8)
Cash flows from investing activities:
Purchase of property, plant and equipment	(14.1)	(31.9)
Purchase of rental fleet vehicles	(3)	(15.9)
Proceeds from sale of assets	22.6	6.4
Investment in China JV		(7.6)
Acquisition of businesses, net of cash acquired		(60.1)
Net cash provided by (used in) investing activities	5.5	(109.1)
Cash flows from financing activities:
Net (repayments) proceeds from borrowings under revolving credit facility	(52)	161.5
Net proceeds from borrowings of Term Loan	49.2	50
Payment of dividends	(9.4)	(9.7)
Repurchase and retirement of common stock	(8.3)	(45.5)
Other financing activities	0.9	6.5
Net cash (used in) provided by financing activities	(19.6)	162.8
Net increase (decrease) in cash and cash equivalents	7.9	(3.1)
Cash and cash equivalents, beginning of period	11.9	17.8
Cash and cash equivalents, end of period	19.8	14.7
Cash paid (received) for:
Interest	22.6	16.7
Income taxes, net of refunds	$ (9)	$ 15.2

Condensed Unaudited Consolida_5

Condensed Unaudited Consolidated Statements of Shareholders' Equity - USD ($) $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive (Loss) [Member]
Balance at Oct. 31, 2017	$ 572.5	$ 0.1	$ 532	$ 40.4
Balance, shares at Oct. 31, 2017		64,145,945
Net income (loss)	9.4			9.4
Other comprehensive income (loss), net of tax	(0.3)				$ (0.3)
Stock-based compensation expense	0.5		0.5
Exercise of common stock options	2.8		2.8
Exercise of common stock options, shares		418,116
Vesting of restricted stock, net of employee tax withholding	(0.1)		(0.1)
Vesting of restricted stock, net of employee tax withholding, shares		9,688
Dividends declared on common stock	(3.2)			(3.2)
Balance at Jan. 31, 2018	581.6	$ 0.1	535.2	46.6	(0.3)
Balance, shares at Jan. 31, 2018		64,573,749
Balance at Oct. 31, 2017	572.5	$ 0.1	532	40.4
Balance, shares at Oct. 31, 2017		64,145,945
Net income (loss)	35.1
Other comprehensive income (loss), net of tax	(1.2)
Balance at Jul. 31, 2018	563.4	$ 0.1	498.6	65.9	(1.2)
Balance, shares at Jul. 31, 2018		63,191,445
Balance at Jan. 31, 2018	581.6	$ 0.1	535.2	46.6	(0.3)
Balance, shares at Jan. 31, 2018		64,573,749
Net income (loss)	7.4			7.4
Other comprehensive income (loss), net of tax	(0.5)				(0.5)
Stock-based compensation expense	1		1
Vesting of restricted stock, net of employee tax withholding, shares		3,543
Dividends declared on common stock	(3.3)			(3.3)
Repurchase and retirement of common stock	(4.8)		(4.8)
Repurchase and retirement of common stock, Shares		(238,547)
Balance at Apr. 30, 2018	581.4	$ 0.1	531.4	50.7	(0.8)
Balance, shares at Apr. 30, 2018		64,338,745
Net income (loss)	18.3			18.3
Other comprehensive income (loss), net of tax	(0.4)				(0.4)
Stock-based compensation expense	1.1		1.1
Exercise of common stock options	6.8		6.8
Exercise of common stock options, shares		1,328,667
Dividends declared on common stock	(3.1)			(3.1)
Repurchase and retirement of common stock	(40.7)		(40.7)
Repurchase and retirement of common stock, Shares		(2,475,967)
Balance at Jul. 31, 2018	563.4	$ 0.1	498.6	65.9	(1.2)
Balance, shares at Jul. 31, 2018		63,191,445
Balance at Oct. 31, 2018	531.4	$ 0.1	492.1	40.6	(1.4)
Balance, shares at Oct. 31, 2018		62,683,808
Net income (loss)	(14.6)			(14.6)
Stock-based compensation expense	1.4		1.4
Exercise of common stock options	0.1		0.1
Exercise of common stock options, shares		20,000
Vesting of restricted and performance stock, net of shares withheld for employee taxes, share		94,237
Dividends declared on common stock	(3.2)			(3.2)
Balance at Jan. 31, 2019	515.1	$ 0.1	493.6	22.8	(1.4)
Balance, shares at Jan. 31, 2019		62,798,045
Balance at Oct. 31, 2018	531.4	$ 0.1	492.1	40.6	(1.4)
Balance, shares at Oct. 31, 2018		62,683,808
Net income (loss)	(3.3)
Other comprehensive income (loss), net of tax	(0.2)
Repurchase and retirement of common stock		$ (8.3)
Repurchase and retirement of common stock, Shares		(717,597)
Balance at Jul. 31, 2019	516.5	$ 0.1	490.4	27.6	(1.6)
Balance, shares at Jul. 31, 2019		62,207,841
Balance at Jan. 31, 2019	515.1	$ 0.1	493.6	22.8	(1.4)
Balance, shares at Jan. 31, 2019		62,798,045
Net income (loss)	5.6			5.6
Other comprehensive income (loss), net of tax	(0.2)				(0.2)
Stock-based compensation expense	2.9		2.9
Exercise of common stock options	0.4		0.4
Exercise of common stock options, shares		54,000
Vesting of restricted and performance stock, net of shares withheld for employee taxes, share		40,828
Dividends declared on common stock	(3.2)			(3.2)
Repurchase and retirement of common stock	(5.3)		(5.3)
Repurchase and retirement of common stock, Shares		(495,475)
Balance at Apr. 30, 2019	515.3	$ 0.1	491.6	25.2	(1.6)
Balance, shares at Apr. 30, 2019		62,397,398
Net income (loss)	5.6			5.6
Stock-based compensation expense	1.7		1.7
Exercise of common stock options	0.1		0.1
Exercise of common stock options, shares		25,999
Vesting of restricted and performance stock, net of shares withheld for employee taxes, share		6,566
Dividends declared on common stock	(3.2)			(3.2)
Repurchase and retirement of common stock	(3)	$ (3)	(3)
Repurchase and retirement of common stock, Shares		(222,122)
Balance at Jul. 31, 2019	$ 516.5	$ 0.1	$ 490.4	$ 27.6	$ (1.6)
Balance, shares at Jul. 31, 2019		62,207,841

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jul. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Note 1. Basis of Presentation The unaudited Condensed Consolidated Financial Statements include the accounts of REV Group, Inc. (“REV” or “the Company”) and all its subsidiaries. In the opinion of management, the accompanying unaudited Condensed Consolidated Financial Statements contain all adjustments (which include normal recurring adjustments, unless otherwise noted) necessary to present fairly the financial position, results of operations and cash flows for the periods presented. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States (U.S. GAAP) have been condensed or omitted pursuant to the rules and regulations of the U.S. Securities and Exchange Commission. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited financial statements and notes thereto included in the Annual Report on Form 10-K of the Company for the year ended October 31, 2018. The interim results are not necessarily indicative of results for the full year. Certain reclassifications have been made to the fiscal year 2018 financial statements to conform to the fiscal year 2019 presentation. Equity Sponsor Related Party Transactions Certain production facilities and offices for two of the Company’s subsidiaries are leased from related parties owned by certain members of management. Rent expense under these arrangements totaled $0.5 million and $0.4 million for the three months ended July 31, 2019, and July 31, 2018, respectively. Rent expense under these arrangements totaled $1.5 million and $1.0 million for the nine months ended July 31, 2019 and July 31, 2018, respectively. Recent Accounting Pronouncements Accounting Pronouncements Recently Adopted The following accounting pronouncements did not have a material impact on the Company’s consolidated financial statements: • ASU 2018-02, “Income Statement—Reporting Comprehensive Income (Topic 220)” (“ASU 2018-02”) • In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”) which outlines a single comprehensive model for entities to use in accounting for revenue from contracts with customers. The standard superseded most current revenue recognition guidance. The Company adopted the new guidance on November 1, 2018 and applied the standard to all of its contracts using the modified retrospective approach. Under this method, the Company must recognize the cumulative effect of the changes in retained earnings on the date of adoption. The Company has determined the adoption of ASU 2014-09 did not have a material impact on its financial statements at the date of adoption. Accordingly, no cumulative effect adjustment to retained earnings was required and there are no other financial statement line items that were impacted by the adoption. Accounting Pronouncements to be Adopted • In February 2016, FASB issued ASU 2016-02, “Leases” (Topic 842). Topic 842 is intended to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The Company will be required to adopt ASU 2016-02, and the related amendments, beginning November 1, 2019. The Company is currently evaluating its lease population to assess the effect of the new guidance on the Company’s consolidated financial statements. It is also focused on changing its policies, business processes, internal controls, and disclosures to support the Company’s implementation and compliance with Topic 842. The Company plans to adopt the new standard using the optional transition method provided by accounting pronouncement, ASU No. 2018-11, through a cumulative effect adjustment to retained earnings as of the beginning of the period of adoption. While the Company continues to make progress on its implementation and compliance with the requirements of the new standard, the Company is still evaluating the impact of the adoption on its consolidated financial statements.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Jul. 31, 2019
Revenue From Contract With Customer [Abstract]
Revenue Recognition	Note 2. Revenue Recognition Substantially all of the Company’s revenue is recognized from contracts with customers with product shipment destinations in the United States and Canada. The Company accounts for a contract when it has approval and commitment from both parties, the rights and payment terms of the parties are identified, the contract has commercial substance and collectability of consideration is probable. The Company determines the transaction price for each contract at inception based on the consideration that it expects to receive for the goods and services promised under the contract. The Company made an accounting policy election so that the transaction price excludes sales and usage-based taxes collected. The Company’s primary source of revenue is generated from the manufacture and sale of specialty vehicles through its direct sales force or dealer network. The Company also generates revenue through separate contracts that relate to the sale of aftermarket parts and services. Revenue is typically recognized at a point-in-time, when control is transferred, which generally occurs when the product has been shipped to the customer or when it has been picked-up from the Company’s manufacturing facilities. The Company has made an accounting policy election to account for any shipping and handling costs that occur after the transfer of control as a fulfillment cost that is accrued when control is transferred. Periodically, certain customers request bill and hold transactions. In such cases, revenue is not recognized until after control has transferred which is generally when the customer has requested such transaction and has been notified that the product (i) has been completed according to customer specifications, (ii) has passed our quality control inspections, and (iii) has been separated from our inventory and is ready for physical transfer to the customer. Warranty obligations associated with the sale of a unit are assurance-type warranties that are a guarantee of the unit’s intended functionality and, therefore, do not represent a distinct performance obligation within the context of the contract. The Company does not disclose information about remaining performance obligations at period end because the Company’s contracts generally have original expected durations of one year or less. Contract Assets and Contract Liabilities The Company is generally entitled to bill its customers upon satisfaction of its performance obligations, and payment is usually received shortly after billing. Payments for certain contracts are received in advance of satisfying the related performance obligations. Such payments are recorded as customer advances in the Company’s Condensed Unaudited Consolidated Balance Sheets. The corresponding performance obligations are generally satisfied within one year of the contract inception. During the nine months ended July 31, 2019, the Company recognized $69.9 million of revenue that was included in the customer advances balance as of October 31, 2018. The Company’s payment terms do not include a significant financing component and the Company does not have significant contract assets.

Inventories

Inventories	9 Months Ended
	Jul. 31, 2019
Inventory Disclosure [Abstract]
Inventories	Note 3. Inventories Inventories, net of reserves, consisted of the following: July 31, 2019 October 31, 2018 Chassis $ 46.8 $ 53.3 Raw materials 220.3 188.4 Work in process 202.5 195.7 Finished products 100.1 91.6 569.7 529.0 Less: reserves (11.8 ) (15.0 ) Total inventories, net $ 557.9 $ 514.0

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Jul. 31, 2019
Property Plant And Equipment [Abstract]
Property, Plant and Equipment	Note 4. Property, Plant and Equipment Property, plant and equipment consisted of the following: July 31, 2019 October 31, 2018 Land & land improvements $ 24.0 $ 23.9 Buildings & improvements 106.1 102.5 Machinery & equipment 84.9 77.1 Rental fleet 25.2 35.4 Computer hardware & software 57.2 56.1 Office furniture & fixtures 5.7 5.1 Construction in process 17.2 14.7 320.3 314.8 Less: accumulated depreciation (117.1 ) (100.5 ) Total property, plant and equipment, net $ 203.2 $ 214.3 Depreciation expense was $6.7 million and $7.1 million for the three months ended July 31, 2019, and July 31, 2018, respectively, and $21.5 million and $20.2 million for the nine months ended July 31, 2019, and July 31, 2018, respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Jul. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 5. Goodwill and Intangible Assets The table below represents goodwill by segment: July 31, 2019 October 31, 2018 Fire & Emergency $ 88.6 $ 88.6 Commercial 28.7 28.7 Recreation 42.5 44.5 Total goodwill $ 159.8 $ 161.8 The change in the net carrying value amount of goodwill consisted of the following: Nine Months Ended July 31, 2019 2018 Balance at beginning of period $ 161.8 $ 133.2 Activity during the period: Acquisitions (2.0 ) 29.4 Balance at end of period $ 159.8 $ 162.6 Intangible assets (excluding goodwill) consisted of the following: Weighted- Average Life July 31, 2019 October 31, 2018 Finite-lived intangible assets: Customer relationships 8.0 $ 126.7 $ 124.7 Order backlog 1.0 6.7 6.7 Non-compete agreements 5.0 2.0 2.0 Trade names 7.0 3.5 3.5 Technology-related 7.0 0.9 0.7 139.8 137.6 Less: accumulated amortization (91.8 ) (78.9 ) 48.0 58.7 Indefinite-lived trade names 115.9 115.9 Total intangible assets, net $ 163.9 $ 174.6 Amortization expense was $4.1 million and $4.6 million for the three months ended July 31, 2019, and July 31, 2018, respectively, and $13.3 and $13.7 million for the nine months ended July 31, 2019, and July 31, 2018, respectively.

Divestiture Activities

Divestiture Activities	9 Months Ended
	Jul. 31, 2019
Discontinued Operations And Disposal Groups [Abstract]
Divestiture Activities	Note 6. Divestiture Activities In fiscal year 2018, management decided to divest certain businesses and assets which include the Revability business, one Regional Technical Center (“RTC”), the Company’s rental fleet, and certain other assets. On December 21, 2018, the Company completed the sale of its mobility van business, Revability, with annual sales of approximately $40 million. All assets and operations at the Clarkston and Davisburg, Michigan facilities were transferred to the buyer. On February 21, 2019, the Company completed the sale of the RTC for net cash proceeds of $11.4 million. In connection with this sale, the Company recognized a gain on sale of $1.2 million. The assets and liabilities related to the businesses that met the held for sale criteria are included in Other current assets and Liabilities held for sale in the Condensed Unaudited Consolidated Balance Sheets at estimated fair value, less cost to sell. As of July 31, 2019, assets and liabilities held for sale were comprised of the following: property, plant and equipment, net—$0.2 million, inventories, net—$17.1 million, accounts receivable, net—$0.5 million, other current and long-term assets—$3.8 million, accounts payable—$12.8 million and other current and long-term liabilities—$3.8 million.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Jul. 31, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Note 7. Long-Term Debt The Company was obligated under the following debt instruments: July 31, 2019 October 31, 2018 Senior secured facility: Revolving credit ABL facility $ 248.0 $ 300.0 Term Loan, net of debt issuance costs ($2.2 and $1.9) 170.6 121.9 418.6 421.9 Less: current maturities (1.8 ) (1.3 ) Long-term debt, less current maturities $ 416.8 $ 420.6 April 2017 ABL Facility Effective April 25, 2017, the Company entered into a $350.0 million revolving credit and guaranty agreement (the “April 2017 ABL Facility” or “ABL Agreement”) with a syndicate of lenders. The April 2017 ABL Facility consists of: (i) Revolving Loans, (ii) Swing Line Loans, and (iii) Letters of Credit, aggregating up to a combined maximum of $350.0 million. The total amount borrowed under the April 2017 ABL Facility is subject to a $30.0 million sublimit for Swing Line loans and a $35.0 million sublimit for Letters of Credit, along with certain borrowing base and other customary restrictions as defined in the ABL Agreement. The Company incurred $4.9 million of debt issuance costs related to the April 2017 ABL Facility. The amount of debt issuance costs is included in other long-term assets in the Company’s Condensed Unaudited Consolidated Balance Sheets. The April 2017 ABL Facility allows for incremental borrowing capacity in an aggregate amount of up to $100.0 million, plus the excess, if any, of the borrowing base then in effect over total commitments then in effect. Any such incremental borrowing capacity is subject to receiving additional commitments from lenders and certain other customary conditions. The April 2017 ABL Facility matures on April 25, 2022. The Company may prepay principal, in whole or in part, at any time without penalty. On December 22, 2017 the Company exercised a $100.0 million incremental borrowing capacity option under the April 2017 ABL Facility, which increased total borrowing capacity under the facility from $350.0 million to $450.0 million. The Company incurred an additional $0.4 million of debt issuance costs related to the incremental borrowing capacity option under the April 2017 ABL Facility. Revolving Loans under the April 2017 ABL Facility bear interest at rates equal to, at the Company’s option, either a base rate plus an applicable margin, or a Eurodollar rate plus an applicable margin. Applicable interest rate margins are initially 0.75% for all base rate loans and 1.75% for all Eurodollar rate loans (with the Eurodollar rate having a floor of 0%), subject to adjustment based on utilization in accordance with the ABL Agreement. Interest is payable quarterly for all base rate loans and is payable monthly or quarterly for all Eurodollar rate loans. The lenders under the April 2017 ABL Facility have a first priority security interest in substantially all accounts receivable and inventory of the Company, and a second priority security interest in substantially all other assets of the Company. The April 2017 ABL Facility contains customary representations and warranties, affirmative and negative covenants, subject in certain cases to customary limitations, exceptions and exclusions. The April 2017 ABL Facility also contains certain customary events of default, which should such events occur, could result in the termination of the commitments under the April 2017 ABL Facility and the acceleration of all outstanding borrowings under it. The April 2017 ABL Facility contains a financial covenant restricting the Company from allowing its fixed charge coverage ratio to drop below 1.00 to 1.00 during a compliance period, which is triggered when the availability under the April 2017 ABL Facility falls below a threshold set forth in the credit agreement. The Company was in compliance with all financial covenants under the April 2017 ABL Facility as of July 31, 2019. As of July 31, 2019, the Company’s availability under the April 2017 ABL Facility was $186.9 million. The fair value of the April 2017 ABL Facility approximated book value at both July 31, 2019 and October 31, 2018. Term Loan Effective April 25, 2017, the Company entered into a $75.0 million term loan agreement (“Term Loan” and “Term Loan Agreement”), as Borrower with certain subsidiaries of the Company, acting as guarantors of debt. Principal may be prepaid at any time during the term of the Term Loan without penalty. The Company incurred $2.0 million of debt issuance costs related to the Term Loan. The Term Loan Agreement allows for incremental facilities in an aggregate amount of up to $125.0 million. Any such incremental facilities are subject to receiving additional commitments from lenders and certain other customary conditions. The Term Loan agreement requires quarterly payments of 0.25% of the original principal balance, with remaining principal payable at maturity, April 25, 2022. On July 18, 2018, the Company exercised a $50.0 million incremental commitment option under the Term Loan Agreement, which increased total borrowing under the facility from $75.0 million to $125.0 million. The Company incurred an additional $0.6 million of debt issuance costs related to the incremental commitment option under the Term Loan. Proceeds from the incremental commitment were used to repay a portion of the outstanding borrowings under the April 2017 ABL Facility. On March 29, 2019, the Company exercised a $50.0 million incremental commitment option under the Term Loan Agreement, which increased total borrowing under the facility from $125.0 million to $175.0 million. The Company incurred an additional $0.8 million of debt issuance costs related to the incremental commitment option under the Term Loan. Proceeds from the incremental commitment were used to repay a portion of the outstanding borrowings under the April 2017 ABL Facility. Applicable interest rate margins for the Term Loan are 2.50% for base rate loans and 3.50% for Eurodollar rate loans (with the Eurodollar rate having a floor of 1.00%). Interest is payable quarterly for all base rate loans and is payable monthly or quarterly for all Eurodollar rate loans. The weighted-average interest rate on borrowings outstanding under the Term Loan at July 31, 2019 was 5.77%. The Term Loan Agreement contains customary representations and warranties, affirmative and negative covenants, in each case, subject to customary limitations, exceptions and exclusions. The Term Loan Agreement also contains certain customary events of default. The Term Loan Agreement requires the Company to maintain a specified secured leverage ratio, which will be tested quarterly and become more restrictive over the term of the term loan. Annually, in the third quarter of each fiscal year, the ratio declines by 25 basis points. The initial maximum secured leverage ratio is 4.00 to 1.00 and declines to 3.00 to 1.00 by July 31, 2021. The maximum leverage ratio for July 31, 2019 is 3.50 to 1.00. The Company was in compliance with all financial covenants under the Term Loan as of July 31, 2019. The fair value of the Term Loan approximated book value at both July 31, 2019 and October 31, 2018.

Warranties

Warranties	9 Months Ended
	Jul. 31, 2019
Guarantees [Abstract]
Warranties	Note 8. Warranties The Company’s products generally carry explicit warranties that extend from several months to several years, based on terms that are generally accepted in the marketplace. Selected components (such as engines, transmissions, tires, etc.) included in the Company’s end products may include warranties from original equipment manufacturers (“OEM”). These OEM warranties are passed on to the end customer of the Company’s products, and the customer deals directly with the applicable OEM for any issues encountered on those components. Changes in the Company’s warranty liability consisted of the following: Nine Months Ended July 31, 2019 2018 Balance at beginning of period $ 30.8 $ 40.2 Warranty provisions 14.6 13.2 Settlements made (22.4 ) (19.7 ) Warranties for current year acquisitions — 1.4 Changes in liability of pre-existing warranties 0.1 (1.7 ) Balance at end of period $ 23.1 $ 33.4 Accrued warranty is classified in the Company’s consolidated balance sheets as follows: July 31, 2019 October 31, 2018 Current liabilities $ 13.8 $ 19.0 Other long-term liabilities 9.3 11.8 Total warranty liability $ 23.1 $ 30.8

Stock Repurchase Program

Stock Repurchase Program	9 Months Ended
	Jul. 31, 2019
Equity [Abstract]
Stock Repurchase Program	Note 9. Stock Repurchase Program As discussed in the Company’s Annual Report on Form 10-K filed on December 19, 2018, on March 20, 2018 the Company’s Board of Directors authorized up to $50.0 million of repurchases of the Company’s issued and outstanding common stock with an expiration date of March 19, 2020. On September 5, 2018 the Company’s Board of Directors authorized an additional $50.0 million of repurchases of the Company’s issued and outstanding common stock with an expiration date of September 4, 2020. During the three months ended July 31, 2019, the Company repurchased 222,122 shares under this repurchase program at a total cost of $3.0 million and an average price per share of $13.53. During the nine months ended July 31, 2019, the Company repurchased 717,597 shares under this repurchase program at a total cost of $8.3 million and an average price per share of $11.62. As of July 31, 2019, the Company had $38.3 million of authorization remaining under this program.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Jul. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Note 10. Earnings Per Share Basic earnings per common share (“EPS”) is computed by dividing net (loss) income by the weighted average number of common shares outstanding. Diluted EPS is computed by dividing net (loss) income by the weighted-average number of common shares outstanding assuming dilution. The difference between basic EPS and diluted EPS is the result of the dilutive effect of outstanding stock options, performance stock units and restricted stock units. The table below reconciles basic weighted-average common shares outstanding to diluted weighted-average shares outstanding for the three and nine months ended July 31, 2019 and July 31, 2018: Three Months Ended July 31, Nine Months Ended July 31, 2019 2018 2019 2018 Basic weighted-average common shares outstanding 62,641,436 63,993,398 62,875,677 64,258,655 Dilutive stock options 273,717 854,163 — 1,571,864 Dilutive restricted stock units 509,452 — — 2,163 Dilutive performance stock units — — — — Diluted weighted-average common shares outstanding 63,424,605 64,847,561 62,875,677 65,832,682 The table below represents exclusions from the calculation of weighted-average shares outstanding assuming dilution due to the anti-dilutive effect of the common stock equivalents for the three and nine months ended July 31, 2019 and July 31, 2018: Three Months Ended July 31, Nine Months Ended July 31, 2019 2018 2019 2018 Anti-dilutive stock options 48,951 40,951 988,551 97,085 Anti-dilutive restricted stock units 422,169 528,515 1,773,255 541,584 Anti-dilutive performance stock units 18,408 91,509 18,408 91,509 Anti-dilutive common stock equivalents 489,528 660,975 2,780,214 730,178

Income Taxes

Income Taxes	9 Months Ended
	Jul. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 11. Income Taxes For interim financial reporting, the Company estimates its annual effective tax rate based on the projected income for its entire fiscal year and records a provision (benefit) for income taxes on a quarterly basis based on the estimated annual effective income tax rate, adjusted for any discrete tax items. The Company recorded income tax expense of $1.9 million for the three months ended July 31, 2019, or 25.7% of pre-tax income, compared to income tax expense of $3.8 million, or 17.2% of pre-tax income, for the three months ended July 31, 2018. Results for the three months ended July 31, 2019 were unfavorably impacted by $0.1 million of net discrete expense primarily related to a federal provision-to-return adjustment. Results for the three months ended July 31, 2018 were favorably impacted by $2.1 million of net discrete tax benefits, primarily related to the remeasurement of net deferred tax liabilities as a result of new tax legislation in the United States. The Company recorded income tax expense of less than $0.1 million for the nine months ended July 31, 2019, or (0.2)% of pre-tax loss, compared to income tax benefit of $7.2 million, or (25.8)% of pre-tax income, for the nine months ended July 31, 2018. Results for the nine months ended July 31, 2019 were unfavorably impacted by $0.8 million of net discrete expense primarily related to share-based compensation tax deductions. Results for the nine months ended July 31, 2018 were favorably impacted by $14.7 million of net discrete tax benefits, including a $1.1 million benefit related to a federal provision-to-return adjustment and a $12.5 million benefit related to the remeasurement of net deferred tax liabilities as a result of new tax legislation in the United States. On December 22, 2017, the Tax Reform Act was signed into law by President Trump. The Tax Reform Act significantly revised the U.S. corporate income tax regime by, among other things, lowering the U.S. corporate tax rate from 35% to 21% effective January 1, 2018, while also repealing the deduction for domestic production activities, limiting interest expense deductions, implementing a territorial tax system, imposing a repatriation tax on deemed repatriated earnings of foreign subsidiaries (the “Transition Tax”), and creating new taxes on certain foreign-sourced earnings. U.S. GAAP requires that the impact of tax legislation be recognized in the period in which the law was enacted. The U.S. Securities and Exchange Commission issued Staff Accounting Bulletin (SAB) No. 118, which provided guidance on how to account for the effects of the Tax Reform Act under ASC 740, Income Taxes. SAB No. 118 enabled companies to record a provisional amount for the effects for the Tax Reform Act based on a reasonable estimate, subject to adjustment during a measurement period of up to one year. In the first quarter of fiscal year 2019, the Company completed its accounting for the Tax Reform Act under SAB No. 118 resulting in no change to the estimated cumulative tax benefit recorded in fiscal year 2018. In full fiscal year 2018, the Company recorded $11.3 million of cumulative tax benefit related to remeasurement of net deferred tax liabilities. The Company periodically evaluates its valuation allowance requirements in light of changing facts and circumstances and may adjust its deferred tax asset valuation allowances accordingly. It is reasonably possible that the Company will either add to or reverse a portion of its existing deferred tax asset valuation allowances in the future. Such changes in the deferred tax asset valuation allowances will be reflected in the current operations through the Company’s effective income tax rate. During the three and nine months ended July 31, 2019, there were no changes to the Company’s valuation allowances. The Company’s liability for unrecognized tax benefits, including interest and penalties, was $2.5 million as of July 31, 2019 and $2.2 million as of October 31, 2018. The unrecognized tax benefits are presented in other long-term liabilities in the Company’s Condensed Unaudited Consolidated Balance Sheets. During the next twelve months, it is reasonably possible that $0.2 million of the unrecognized tax benefits, if recognized, would affect the annual effective income tax rate. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes in its consolidated statement of operations. The Company regularly assesses the likelihood of an adverse outcome resulting from examinations to determine the adequacy of its tax reserves. As of July 31, 2019, the Company believes that it is more likely than not that the tax positions it has taken will be sustained upon the resolution of its audits resulting in no material impact on its consolidated financial position and the results of operations and cash flows. However, the final determination with respect to any tax audits, and any related litigation, could be materially different from the Company’s estimates and/or from its historical income tax provisions and income tax liabilities and could have a material effect on operating results and/or cash flows in the periods for which that determination is made. In addition, future period earnings may be adversely impacted by litigation costs, settlements, penalties, and/or interest assessments related to income tax examinations.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jul. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 12. Commitments and Contingencies Personal Injury Actions and Other Market Risks July 31, 2019 October 31, 2018 Performance, bid and specialty bonds $ 204.5 $ 228.2 Open standby letters of credit 15.1 13.0 Total $ 219.6 $ 241.2 Chassis Contingent Liabilities Repurchase Commitments Guarantee Arrangements In the event that third parties are unable to meet obligations under these agreements, the Company cannot guarantee that the collateral underlying the agreements will be available or sufficient to avoid losses materially in excess of the amounts reserved. Any losses under these guarantees would generally be mitigated by the value of any underlying collateral, including financed equipment, and are generally subject to the finance company’s ability to provide the Company clear title to foreclosed equipment and other conditions. During periods of economic weakness, collateral values generally decline and can contribute to higher exposure to losses. Other Matters A consolidated federal putative securities class action and a consolidated state putative securities class action are pending against the Company and certain of its officers and directors, each on behalf of a putative class of purchasers of the Company’s common stock in or traceable to its January 2017 IPO and of purchasers in its secondary offering of common stock in October 2017, as well as, for the federal action, purchasers from October 10, 2017 through June 7, 2018. The actions also name certain of the underwriters for the Company’s IPO or secondary offering as defendants. The federal and state courts each consolidated multiple separate actions pending before them, the first of which was filed on June 8, 2018. The actions allege certain violations of the Securities Act of 1933 and, for the federal action, the Securities Exchange Act of 1934. Collectively, the actions seek certification of the putative classes asserted and compensatory damages and attorneys’ fees and costs. The underwriter defendants have notified the Company of their intent to seek indemnification from the Company pursuant to the IPO underwriting agreement regarding the claims asserted with respect to the IPO, and the Company expects the underwriters to do the same in regard to the claims asserted with respect to the October 2017 offering. Two purported derivative actions, which have since been consolidated, were also filed in federal court in Delaware in 2019 against the Company’s directors (with the Company as a nominal defendant), premised on allegations similar to those asserted in the consolidated federal securities litigation. The Company and the other defendants intend to defend these lawsuits vigorously. Additional lawsuits may be filed and, at this time, the Company is unable to predict the outcome of the lawsuits, the possible loss or range of loss, if any, associated with the resolution of the lawsuits, or any potential effect that it may have on the Company or its operations.

Business Segment Information

Business Segment Information	9 Months Ended
	Jul. 31, 2019
Segment Reporting [Abstract]
Business Segment Information	Note 13. Business Segment Information The Company is organized into three reportable segments based on management’s process for making operating decisions, allocating capital and measuring performance, and based on the similarity of products, customers served, common use of facilities, and economic characteristics. The Company’s segments are as follows: Fire & Emergency Commercial Recreation For purposes of measuring financial performance of its business segments, the Company does not allocate to individual business segments costs or items that are of a corporate nature. The caption “Corporate, Other & Elims” includes corporate office expenses, results of insignificant operations, intersegment eliminations and income and expense not allocated to reportable segments. Total assets of the business segments exclude general corporate assets, which principally consist of cash and cash equivalents, certain property, plant and equipment and certain other assets pertaining to corporate and other centralized activities. Intersegment sales generally include amounts invoiced by a segment for work performed for another segment. Amounts are based on actual work performed and agreed-upon pricing which is intended to be reflective of the contribution made by the supplying business segment. All intersegment transactions have been eliminated in consolidation. Selected financial information of the Company’s segments is as follows: Three Months Ended July 31, 2019 Fire & Emergency Commercial Recreation Corporate, Other & Elims Consolidated Net sales $ 247.7 $ 203.8 $ 166.7 $ (1.2 ) $ 617.0 Depreciation and amortization $ 3.6 $ 2.0 $ 3.6 $ 1.7 $ 10.9 Capital expenditures $ 2.1 $ 1.4 $ 0.6 $ 0.6 $ 4.7 Total assets $ 622.8 $ 328.5 $ 336.6 $ 118.2 $ 1,406.1 Adjusted EBITDA $ 12.1 $ 19.4 $ 12.8 $ (10.8 ) Three Months Ended July 31, 2018 Fire & Emergency Commercial Recreation Corporate, Other & Elims Consolidated Net sales $ 238.9 $ 157.6 $ 197.3 $ 3.9 $ 597.7 Depreciation and amortization $ 3.3 $ 1.9 $ 3.6 $ 2.9 $ 11.7 Capital expenditures $ 2.1 $ 1.1 $ 2.1 $ 2.9 $ 8.2 Total assets $ 607.4 $ 299.2 $ 359.9 $ 136.6 $ 1,403.1 Adjusted EBITDA $ 25.3 $ 11.8 $ 17.9 $ (7.4 ) Nine Months Ended July 31, 2019 Fire & Emergency Commercial Recreation Corporate, Other & Elims Consolidated Net sales $ 699.0 $ 514.5 $ 542.6 $ (5.3 ) $ 1,750.8 Depreciation and amortization $ 10.6 $ 6.7 $ 12.0 $ 5.5 $ 34.8 Capital expenditures $ 5.3 $ 3.1 $ 3.0 $ 2.7 $ 14.1 Total assets $ 622.8 $ 328.5 $ 336.6 $ 118.2 $ 1,406.1 Adjusted EBITDA $ 35.8 $ 39.7 $ 39.4 $ (32.2 ) Nine Months Ended July 31, 2018 Fire & Emergency Commercial Recreation Corporate, Other & Elims Consolidated Net sales $ 706.1 $ 447.9 $ 563.4 $ 4.0 $ 1,721.4 Depreciation and amortization $ 11.8 $ 7.5 $ 9.5 $ 5.1 $ 33.9 Capital expenditures $ 4.8 $ 3.4 $ 6.3 $ 17.4 $ 31.9 Total assets $ 607.4 $ 299.2 $ 359.9 $ 136.6 $ 1,403.1 Adjusted EBITDA $ 65.5 $ 25.7 $ 38.7 $ (25.6 ) In considering the financial performance of the business, the chief operating decision maker analyzes the primary financial performance measure of Adjusted EBITDA. Adjusted EBITDA is defined as net income for the relevant period before depreciation and amortization, interest expense and benefit for income taxes, as adjusted for items management believes are not indicative of the Company’s ongoing operating performance. Adjusted EBITDA is not a measure defined by U.S. GAAP but is computed using amounts that are determined in accordance with U.S. GAAP. A reconciliation of this performance measure to net income (loss) is included below. The Company believes Adjusted EBITDA is useful to investors and used by management for measuring profitability because the measure excludes the impact of certain items which management believes have less bearing on the Company’s core operating performance, and allows for a more meaningful comparison of operating fundamentals between companies within its industries by eliminating the impact of capital structure and taxation differences between the companies. Additionally, Adjusted EBITDA is used by management to measure and report the Company’s financial performance to the Company’s Board of Directors, assists in providing a meaningful analysis of the Company’s operating performance and is used as a measurement in incentive compensation for management. Provided below is a reconciliation of segment Adjusted EBITDA to net income (loss): Three Months Ended July 31, Nine Months Ended July 31, 2019 2018 2019 2018 Fire & Emergency Adjusted EBITDA $ 12.1 $ 25.3 $ 35.8 $ 65.5 Commercial Adjusted EBITDA 19.4 11.8 39.7 25.7 Recreation Adjusted EBITDA 12.8 17.9 39.4 38.7 Corporate and Other Adjusted EBITDA (10.8 ) (7.4 ) (32.2 ) (25.6 ) Depreciation and amortization (10.9 ) (11.7 ) (34.8 ) (33.9 ) Interest expense, net (8.4 ) (6.8 ) (24.2 ) (18.3 ) (Provision) benefit for income taxes (1.9 ) (3.8 ) — 7.2 Transaction expenses (0.5 ) — (0.7 ) (2.1 ) Sponsor expense reimbursement — (0.2 ) (0.6 ) (0.5 ) Restructuring costs (1.3 ) (0.9 ) (4.2 ) (6.9 ) Stock-based compensation expense (2.5 ) (1.4 ) (7.3 ) (5.1 ) Non-cash purchase accounting expense — (0.5 ) — (1.2 ) Legal matters (0.8 ) (1.1 ) (5.3 ) (2.8 ) Impairment charges — — (2.8 ) — Losses attributable to assets held for sale (1.0 ) — (3.3 ) — Deferred purchase price payment (0.6 ) (1.9 ) (2.8 ) (4.1 ) First year public company costs — (1.0 ) — (1.5 ) Net income (loss) $ 5.6 $ 18.3 $ (3.3 ) $ 35.1

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Jul. 31, 2019
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Pronouncements Recently Adopted The following accounting pronouncements did not have a material impact on the Company’s consolidated financial statements: • ASU 2018-02, “Income Statement—Reporting Comprehensive Income (Topic 220)” (“ASU 2018-02”) • In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”) which outlines a single comprehensive model for entities to use in accounting for revenue from contracts with customers. The standard superseded most current revenue recognition guidance. The Company adopted the new guidance on November 1, 2018 and applied the standard to all of its contracts using the modified retrospective approach. Under this method, the Company must recognize the cumulative effect of the changes in retained earnings on the date of adoption. The Company has determined the adoption of ASU 2014-09 did not have a material impact on its financial statements at the date of adoption. Accordingly, no cumulative effect adjustment to retained earnings was required and there are no other financial statement line items that were impacted by the adoption. Accounting Pronouncements to be Adopted • In February 2016, FASB issued ASU 2016-02, “Leases” (Topic 842). Topic 842 is intended to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The Company will be required to adopt ASU 2016-02, and the related amendments, beginning November 1, 2019. The Company is currently evaluating its lease population to assess the effect of the new guidance on the Company’s consolidated financial statements. It is also focused on changing its policies, business processes, internal controls, and disclosures to support the Company’s implementation and compliance with Topic 842. The Company plans to adopt the new standard using the optional transition method provided by accounting pronouncement, ASU No. 2018-11, through a cumulative effect adjustment to retained earnings as of the beginning of the period of adoption. While the Company continues to make progress on its implementation and compliance with the requirements of the new standard, the Company is still evaluating the impact of the adoption on its consolidated financial statements.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jul. 31, 2019
Inventory Disclosure [Abstract]
Schedule of Inventories, Net of Reserves	Inventories, net of reserves, consisted of the following: July 31, 2019 October 31, 2018 Chassis $ 46.8 $ 53.3 Raw materials 220.3 188.4 Work in process 202.5 195.7 Finished products 100.1 91.6 569.7 529.0 Less: reserves (11.8 ) (15.0 ) Total inventories, net $ 557.9 $ 514.0

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Jul. 31, 2019
Property Plant And Equipment [Abstract]
Summary of Property, Plant and Equipment	Property, plant and equipment consisted of the following: July 31, 2019 October 31, 2018 Land & land improvements $ 24.0 $ 23.9 Buildings & improvements 106.1 102.5 Machinery & equipment 84.9 77.1 Rental fleet 25.2 35.4 Computer hardware & software 57.2 56.1 Office furniture & fixtures 5.7 5.1 Construction in process 17.2 14.7 320.3 314.8 Less: accumulated depreciation (117.1 ) (100.5 ) Total property, plant and equipment, net $ 203.2 $ 214.3

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Jul. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Goodwill by Segment and Change in Net Carrying Value of Goodwill	The table below represents goodwill by segment: July 31, 2019 October 31, 2018 Fire & Emergency $ 88.6 $ 88.6 Commercial 28.7 28.7 Recreation 42.5 44.5 Total goodwill $ 159.8 $ 161.8 The change in the net carrying value amount of goodwill consisted of the following: Nine Months Ended July 31, 2019 2018 Balance at beginning of period $ 161.8 $ 133.2 Activity during the period: Acquisitions (2.0 ) 29.4 Balance at end of period $ 159.8 $ 162.6
Summary of Intangible Assets Excluding Goodwill	Intangible assets (excluding goodwill) consisted of the following: Weighted- Average Life July 31, 2019 October 31, 2018 Finite-lived intangible assets: Customer relationships 8.0 $ 126.7 $ 124.7 Order backlog 1.0 6.7 6.7 Non-compete agreements 5.0 2.0 2.0 Trade names 7.0 3.5 3.5 Technology-related 7.0 0.9 0.7 139.8 137.6 Less: accumulated amortization (91.8 ) (78.9 ) 48.0 58.7 Indefinite-lived trade names 115.9 115.9 Total intangible assets, net $ 163.9 $ 174.6

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Jul. 31, 2019
Debt Disclosure [Abstract]
Summary of Long-Term Debt	The Company was obligated under the following debt instruments: July 31, 2019 October 31, 2018 Senior secured facility: Revolving credit ABL facility $ 248.0 $ 300.0 Term Loan, net of debt issuance costs ($2.2 and $1.9) 170.6 121.9 418.6 421.9 Less: current maturities (1.8 ) (1.3 ) Long-term debt, less current maturities $ 416.8 $ 420.6

Warranties (Tables)

Warranties (Tables)	9 Months Ended
	Jul. 31, 2019
Guarantees [Abstract]
Schedule of Changes in Warranty Liability	Changes in the Company’s warranty liability consisted of the following: Nine Months Ended July 31, 2019 2018 Balance at beginning of period $ 30.8 $ 40.2 Warranty provisions 14.6 13.2 Settlements made (22.4 ) (19.7 ) Warranties for current year acquisitions — 1.4 Changes in liability of pre-existing warranties 0.1 (1.7 ) Balance at end of period $ 23.1 $ 33.4
Accrued Warranty Classified in Consolidated Balance Sheet	Accrued warranty is classified in the Company’s consolidated balance sheets as follows: July 31, 2019 October 31, 2018 Current liabilities $ 13.8 $ 19.0 Other long-term liabilities 9.3 11.8 Total warranty liability $ 23.1 $ 30.8

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Jul. 31, 2019
Earnings Per Share [Abstract]
Reconciliation of Basic Weighted-Average Common Shares Outstanding to Diluted Weighted-Average Shares Outstanding	The table below reconciles basic weighted-average common shares outstanding to diluted weighted-average shares outstanding for the three and nine months ended July 31, 2019 and July 31, 2018: Three Months Ended July 31, Nine Months Ended July 31, 2019 2018 2019 2018 Basic weighted-average common shares outstanding 62,641,436 63,993,398 62,875,677 64,258,655 Dilutive stock options 273,717 854,163 — 1,571,864 Dilutive restricted stock units 509,452 — — 2,163 Dilutive performance stock units — — — — Diluted weighted-average common shares outstanding 63,424,605 64,847,561 62,875,677 65,832,682
Exclusions from Calculation of Weighted-Average Shares Outstanding Assuming Dilution Due to Anti-Dilutive Effect of Common Stock Equivalents	The table below represents exclusions from the calculation of weighted-average shares outstanding assuming dilution due to the anti-dilutive effect of the common stock equivalents for the three and nine months ended July 31, 2019 and July 31, 2018: Three Months Ended July 31, Nine Months Ended July 31, 2019 2018 2019 2018 Anti-dilutive stock options 48,951 40,951 988,551 97,085 Anti-dilutive restricted stock units 422,169 528,515 1,773,255 541,584 Anti-dilutive performance stock units 18,408 91,509 18,408 91,509 Anti-dilutive common stock equivalents 489,528 660,975 2,780,214 730,178

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Jul. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Schedule of Contingent Liabilities	The Company is contingently liable under bid, performance and specialty bonds and has open standby letters of credit issued by the Company’s banks in favor of third parties as follows: July 31, 2019 October 31, 2018 Performance, bid and specialty bonds $ 204.5 $ 228.2 Open standby letters of credit 15.1 13.0 Total $ 219.6 $ 241.2

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Jul. 31, 2019
Segment Reporting [Abstract]
Selected Financial Information of Segments	Selected financial information of the Company’s segments is as follows: Three Months Ended July 31, 2019 Fire & Emergency Commercial Recreation Corporate, Other & Elims Consolidated Net sales $ 247.7 $ 203.8 $ 166.7 $ (1.2 ) $ 617.0 Depreciation and amortization $ 3.6 $ 2.0 $ 3.6 $ 1.7 $ 10.9 Capital expenditures $ 2.1 $ 1.4 $ 0.6 $ 0.6 $ 4.7 Total assets $ 622.8 $ 328.5 $ 336.6 $ 118.2 $ 1,406.1 Adjusted EBITDA $ 12.1 $ 19.4 $ 12.8 $ (10.8 ) Three Months Ended July 31, 2018 Fire & Emergency Commercial Recreation Corporate, Other & Elims Consolidated Net sales $ 238.9 $ 157.6 $ 197.3 $ 3.9 $ 597.7 Depreciation and amortization $ 3.3 $ 1.9 $ 3.6 $ 2.9 $ 11.7 Capital expenditures $ 2.1 $ 1.1 $ 2.1 $ 2.9 $ 8.2 Total assets $ 607.4 $ 299.2 $ 359.9 $ 136.6 $ 1,403.1 Adjusted EBITDA $ 25.3 $ 11.8 $ 17.9 $ (7.4 ) Nine Months Ended July 31, 2019 Fire & Emergency Commercial Recreation Corporate, Other & Elims Consolidated Net sales $ 699.0 $ 514.5 $ 542.6 $ (5.3 ) $ 1,750.8 Depreciation and amortization $ 10.6 $ 6.7 $ 12.0 $ 5.5 $ 34.8 Capital expenditures $ 5.3 $ 3.1 $ 3.0 $ 2.7 $ 14.1 Total assets $ 622.8 $ 328.5 $ 336.6 $ 118.2 $ 1,406.1 Adjusted EBITDA $ 35.8 $ 39.7 $ 39.4 $ (32.2 ) Nine Months Ended July 31, 2018 Fire & Emergency Commercial Recreation Corporate, Other & Elims Consolidated Net sales $ 706.1 $ 447.9 $ 563.4 $ 4.0 $ 1,721.4 Depreciation and amortization $ 11.8 $ 7.5 $ 9.5 $ 5.1 $ 33.9 Capital expenditures $ 4.8 $ 3.4 $ 6.3 $ 17.4 $ 31.9 Total assets $ 607.4 $ 299.2 $ 359.9 $ 136.6 $ 1,403.1 Adjusted EBITDA $ 65.5 $ 25.7 $ 38.7 $ (25.6 )
Reconciliation of Segment Adjusted EBITDA to Net Income (Loss)	Provided below is a reconciliation of segment Adjusted EBITDA to net income (loss): Three Months Ended July 31, Nine Months Ended July 31, 2019 2018 2019 2018 Fire & Emergency Adjusted EBITDA $ 12.1 $ 25.3 $ 35.8 $ 65.5 Commercial Adjusted EBITDA 19.4 11.8 39.7 25.7 Recreation Adjusted EBITDA 12.8 17.9 39.4 38.7 Corporate and Other Adjusted EBITDA (10.8 ) (7.4 ) (32.2 ) (25.6 ) Depreciation and amortization (10.9 ) (11.7 ) (34.8 ) (33.9 ) Interest expense, net (8.4 ) (6.8 ) (24.2 ) (18.3 ) (Provision) benefit for income taxes (1.9 ) (3.8 ) — 7.2 Transaction expenses (0.5 ) — (0.7 ) (2.1 ) Sponsor expense reimbursement — (0.2 ) (0.6 ) (0.5 ) Restructuring costs (1.3 ) (0.9 ) (4.2 ) (6.9 ) Stock-based compensation expense (2.5 ) (1.4 ) (7.3 ) (5.1 ) Non-cash purchase accounting expense — (0.5 ) — (1.2 ) Legal matters (0.8 ) (1.1 ) (5.3 ) (2.8 ) Impairment charges — — (2.8 ) — Losses attributable to assets held for sale (1.0 ) — (3.3 ) — Deferred purchase price payment (0.6 ) (1.9 ) (2.8 ) (4.1 ) First year public company costs — (1.0 ) — (1.5 ) Net income (loss) $ 5.6 $ 18.3 $ (3.3 ) $ 35.1

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($) $ in Millions	Jul. 31, 2019	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Primary Equity Holder [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Selling, general and administrative expenses charged by primary equity holder			$ 0.2	$ 0.6	$ 0.5
Primary Equity Holder [Member] | Maximum [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Selling, general and administrative expenses charged by primary equity holder		$ 0.1
Management [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Rent expense		$ 0.5	$ 0.4	$ 1.5	$ 1
American Industrial Partners [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Equity interest held by operating partnership, voting equity	54.30%

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail 1)	Jul. 31, 2019
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2019-08-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenues remaining performance obligations expected to be satisfied period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2020-08-01
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction [Line Items]
Revenues remaining performance obligations expected to be satisfied period

Revenue Recognition - Additio_2

Revenue Recognition - Additional Information (Detail) $ in Millions	9 Months Ended
	Jul. 31, 2019USD ($)
Revenue From Contract With Customer [Abstract]
Revenue recognized included in customer advances	$ 69.9

Inventories - Schedule of Inven

Inventories - Schedule of Inventories, Net of Reserves (Detail) - USD ($) $ in Millions	Jul. 31, 2019	Oct. 31, 2018
Inventory Disclosure [Abstract]
Chassis	$ 46.8	$ 53.3
Raw materials	220.3	188.4
Work in process	202.5	195.7
Finished products	100.1	91.6
Inventory, Gross, Total	569.7	529
Less: reserves	(11.8)	(15)
Total inventories, net	$ 557.9	$ 514

Property, Plant and Equipment -

Property, Plant and Equipment - Summary of Property, Plant and Equipment (Detail) - USD ($) $ in Millions	Jul. 31, 2019	Oct. 31, 2018
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 320.3	$ 314.8
Less: accumulated depreciation	(117.1)	(100.5)
Total property, plant and equipment, net	203.2	214.3
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	24	23.9
Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	106.1	102.5
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	84.9	77.1
Rental Fleet [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	25.2	35.4
Computer Hardware and Software [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	57.2	56.1
Office Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5.7	5.1
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 17.2	$ 14.7

Property, Plant and Equipment_2

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Property Plant And Equipment [Abstract]
Depreciation expense	$ 6.7	$ 7.1	$ 21.5	$ 20.2

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Summary of Goodwill by Segment (Detail) - USD ($) $ in Millions	Jul. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Oct. 31, 2017
Goodwill [Line Items]
Goodwill	$ 159.8	$ 161.8	$ 162.6	$ 133.2
Fire & Emergency [Member]
Goodwill [Line Items]
Goodwill	88.6	88.6
Commercial [Member]
Goodwill [Line Items]
Goodwill	28.7	28.7
Recreation [Member]
Goodwill [Line Items]
Goodwill	$ 42.5	$ 44.5

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Summary of Change in Net Carrying Value of Goodwill (Detail) - USD ($) $ in Millions	9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Balance at beginning of period	$ 161.8	$ 133.2
Acquisitions	(2)	29.4
Balance at end of period	$ 159.8	$ 162.6

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Summary of Intangible Assets Excluding Goodwill (Detail) - USD ($) $ in Millions	9 Months Ended
	Jul. 31, 2019	Oct. 31, 2018
Intangible Assets Excluding Goodwill [Line Items]
Finite-lived intangible assets, gross	$ 139.8	$ 137.6
Less: accumulated amortization	(91.8)	(78.9)
Finite-lived intangible assets, net	48	58.7
Indefinite-lived trade names	115.9	115.9
Total intangible assets, net	$ 163.9	174.6
Customer Relationships [Member]
Intangible Assets Excluding Goodwill [Line Items]
Finite-lived intangible assets, Weighted-Average Life	8 years
Finite-lived intangible assets, gross	$ 126.7	124.7
Order Backlog [Member]
Intangible Assets Excluding Goodwill [Line Items]
Finite-lived intangible assets, Weighted-Average Life	1 year
Finite-lived intangible assets, gross	$ 6.7	6.7
Non-compete Agreements [Member]
Intangible Assets Excluding Goodwill [Line Items]
Finite-lived intangible assets, Weighted-Average Life	5 years
Finite-lived intangible assets, gross	$ 2	2
Trade Names [Member]
Intangible Assets Excluding Goodwill [Line Items]
Finite-lived intangible assets, Weighted-Average Life	7 years
Finite-lived intangible assets, gross	$ 3.5	3.5
Technology-related Intangible Assets [Member]
Intangible Assets Excluding Goodwill [Line Items]
Finite-lived intangible assets, Weighted-Average Life	7 years
Finite-lived intangible assets, gross	$ 0.9	$ 0.7

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization expense	$ 4.1	$ 4.6	$ 13.3	$ 13.7

Divestiture Activities - Additi

Divestiture Activities - Additional Information (Detail) - USD ($) $ in Millions	Feb. 21, 2019	Dec. 21, 2018	Jul. 31, 2019
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Property, plant and equipment, net			$ 0.2
Inventories, net			17.1
Accounts receivable, net			0.5
Other current and long-term assets			3.8
Accounts payable			12.8
Other current and long-term liabilities			$ 3.8
Mobility Van Business [Member] | Commercial Segment [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Annual sales of discontinued operation		$ 40
Regional Technical Center [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Net cash proceeds from sale of business	$ 11.4
Gain on sale of business	$ 1.2

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Millions	Jul. 31, 2019	Oct. 31, 2018
Debt Instruments [Abstract]
Revolving credit ABL facility	$ 248	$ 300
Term Loan, net of debt issuance costs ($2.2 and $1.9)	170.6	121.9
Long term debt including current maturities	418.6	421.9
Less: current maturities	(1.8)	(1.3)
Long-term debt, less current maturities	$ 416.8	$ 420.6

Long-Term Debt - Summary of L_2

Long-Term Debt - Summary of Long-Term Debt (Parenthetical) (Detail) - USD ($) $ in Millions	Jul. 31, 2019	Mar. 29, 2019	Oct. 31, 2018	Jul. 18, 2018	Apr. 25, 2017
Term Loan [Member]
Debt Instrument [Line Items]
Debt issuance costs	$ 2.2	$ 0.8	$ 1.9	$ 0.6	$ 2

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	Mar. 29, 2019	Jul. 18, 2018	Dec. 22, 2017	Apr. 25, 2017	Jul. 31, 2019	Jul. 31, 2021	Oct. 31, 2018
Debt Instrument [Line Items]
Secured leverage declined basis points					0.25%
Maximum [Member]
Debt Instrument [Line Items]
Secured leverage ratio				4.00%	3.50%
Maximum [Member] | Scenario, Forecast
Debt Instrument [Line Items]
Secured leverage ratio						3.00%
April 2017 Asset Based Lending Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 350,000,000
Debt issuance costs			$ 400,000	4,900,000
Additional increase in borrowing capacity				$ 100,000,000
Debt instrument maturity date				Apr. 25, 2022
Additional increase in borrowing capacity			100,000,000
Available current borrowing capacity					$ 186,900,000
April 2017 Asset Based Lending Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity			350,000,000
April 2017 Asset Based Lending Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 450,000,000
Fixed charge coverage ratio					100.00%
April 2017 Asset Based Lending Facility [Member] | Base Rate
Debt Instrument [Line Items]
Debt instrument applicable interest rate margins			0.75%
April 2017 Asset Based Lending Facility [Member] | Eurodollar
Debt Instrument [Line Items]
Debt instrument applicable interest rate margins			1.75%
Required annual payment percentage			0.00%
April 2017 Asset Based Lending Facility [Member] | Swing Lines Loan [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 30,000,000
April 2017 Asset Based Lending Facility [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity				35,000,000
Term Loan [Member]
Debt Instrument [Line Items]
Debt issuance costs	$ 800,000	$ 600,000		$ 2,000,000	$ 2,200,000		$ 1,900,000
Debt instrument maturity date					Apr. 25, 2022
Additional increase in borrowing capacity	50,000,000	50,000,000
Required annual payment percentage				0.25%
Debt principal amount				$ 75,000,000
Weighted-average interest rate on term loan					5.77%
Term Loan [Member] | Minimum [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	125,000,000	75,000,000
Term Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 175,000,000	$ 125,000,000
Additional increase in borrowing capacity					$ 125,000,000
Term Loan [Member] | Base Rate
Debt Instrument [Line Items]
Debt instrument applicable interest rate margins				2.50%
Debt instrument frequency of payment					Quarterly
Term Loan [Member] | Eurodollar
Debt Instrument [Line Items]
Debt instrument applicable interest rate margins				3.50%
Debt instrument , floor interest rate				1.00%
Debt instrument frequency of payment					Monthly or Quarterly

Warranties - Schedule of Change

Warranties - Schedule of Changes in Warranty Liability (Detail) - USD ($) $ in Millions	9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018
Guarantees [Abstract]
Balance at beginning of period	$ 30.8	$ 40.2
Warranty provisions	14.6	13.2
Settlements made	(22.4)	(19.7)
Warranties for current year acquisitions		1.4
Changes in liability of pre-existing warranties	0.1	(1.7)
Balance at end of period	$ 23.1	$ 33.4

Warranties - Accrued Warranty C

Warranties - Accrued Warranty Classified in Consolidated Balance Sheet (Detail) - USD ($) $ in Millions	Jul. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Oct. 31, 2017
Guarantees [Abstract]
Current liabilities	$ 13.8	$ 19
Other long-term liabilities	9.3	11.8
Total warranty liability	$ 23.1	$ 30.8	$ 33.4	$ 40.2

Stock Repurchase Program - Addi

Stock Repurchase Program - Additional Information (Detail) - USD ($)	Sep. 05, 2018	Mar. 20, 2018	Jul. 31, 2019	Apr. 30, 2019	Jul. 31, 2018	Apr. 30, 2018	Jul. 31, 2019
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, total cost			$ 3,000,000	$ 5,300,000	$ 40,700,000	$ 4,800,000
Common Stock [Member]
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, authorized amount to repurchase issued and outstanding common stock	$ 50,000,000
Stock repurchase program, expiration date	Sep. 4, 2020	Mar. 19, 2020
Stock repurchase program, remaining authorized, amount			$ 38,300,000				$ 38,300,000
Stock repurchase program, number of remaining shares purchased			222,122	495,475	2,475,967	238,547	717,597
Stock repurchase program, total cost			$ 3,000,000				$ 8,300,000
Stock repurchase program, average price per share			$ 13.53				$ 11.62
Common Stock [Member] | Maximum [Member]
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, authorized amount to repurchase issued and outstanding common stock		$ 50,000,000

Earnings per Share - Reconcilia

Earnings per Share - Reconciliation of Basic Weighted-Average Common Shares Outstanding to Diluted Weighted-Average Shares Outstanding (Detail) - shares	3 Months Ended		9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Earnings Per Share [Abstract]
Basic weighted-average common shares outstanding	62,641,436	63,993,398	62,875,677	64,258,655
Dilutive stock options	273,717	854,163	0	1,571,864
Dilutive restricted stock units	509,452	0	0	2,163
Dilutive performance stock units	0	0	0	0
Diluted weighted-average common shares outstanding	63,424,605	64,847,561	62,875,677	65,832,682

Earnings per Share - Exclusions

Earnings per Share - Exclusions from Calculation of Weighted-Average Shares Outstanding Assuming Dilution Due to Anti-Dilutive Effect of Common Stock Equivalents (Detail) - shares	3 Months Ended		9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive common stock equivalents	489,528	660,975	2,780,214	730,178
Stock Options [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive common stock equivalents	48,951	40,951	988,551	97,085
Restricted Stock Units [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive common stock equivalents	422,169	528,515	1,773,255	541,584
Performance Stock Units [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive common stock equivalents	18,408	91,509	18,408	91,509

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	2 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2017	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018	Oct. 31, 2018
Income Tax Disclosure [Line Items]
Income tax expense (benefit)		$ 1.9	$ 3.8	$ 0	$ (7.2)
Pre-tax (income) loss		25.70%	17.20%	(0.20%)	(25.80%)
Net discrete tax expense (benefit) related to provision-to-return adjustments		$ 0.1			$ (1.1)
Net discrete tax expense (benefit) related to new tax legislation			$ (2.1)
Net discrete tax expense (benefit) related to share-based compensation				$ 0.8
Net discrete tax benefits					(14.7)
Tax reform act, benefit related to remeasurement of net deferred tax liabilities					$ 12.5	$ 11.3
Corporate tax rate	35.00%			21.00%
Change in valuation allowance		0		$ 0
Unrecognized tax benefits		2.5		2.5		$ 2.2
Unrecognized tax benefits that would affect the annual effective income tax rate if recognized		$ 0.2		0.2
Maximum [Member]
Income Tax Disclosure [Line Items]
Income tax expense (benefit)				$ (0.1)

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Contingent Liabilities (Detail) - USD ($) $ in Millions	Jul. 31, 2019	Oct. 31, 2018
Loss Contingencies [Line Items]
Performance, bid and specialty bonds	$ 204.5	$ 228.2
Total	219.6	241.2
Letter of Credit [Member]
Loss Contingencies [Line Items]
Open standby letters of credit	$ 15.1	$ 13

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail) - USD ($)	9 Months Ended	12 Months Ended
	Jul. 31, 2019	Oct. 31, 2018
Loss Contingencies [Line Items]
Contingent liability under purchase agreements for future chassis inventory purchases	$ 53,300,000	$ 54,500,000
Repurchase agreement	2 years
Represents the gross value of all vehicles under repurchase agreements	$ 243,600,000	310,500,000
Maximum [Member]
Loss Contingencies [Line Items]
Estimated loss exposure under contract	$ 26,800,000	$ 25,200,000

Business Segment Information -

Business Segment Information - Additional Information (Detail)	9 Months Ended
	Jul. 31, 2019Segment
Segment Reporting [Abstract]
Number of reportable segments	3

Business Segment Information _2

Business Segment Information - Schedule of Selected Financial Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018	Oct. 31, 2018
Segment Reporting Information [Line Items]
Net sales	$ 617	$ 597.7	$ 1,750.8	$ 1,721.4
Depreciation and amortization	10.9	11.7	34.8	33.9
Capital expenditures	4.7	8.2	14.1	31.9
Total assets	1,406.1	1,403.1	1,406.1	1,403.1	$ 1,408.1
Fire & Emergency [Member]
Segment Reporting Information [Line Items]
Net sales	247.7	238.9	699	706.1
Depreciation and amortization	3.6	3.3	10.6	11.8
Capital expenditures	2.1	2.1	5.3	4.8
Total assets	622.8	607.4	622.8	607.4
Adjusted EBITDA	12.1	25.3	35.8	65.5
Commercial [Member]
Segment Reporting Information [Line Items]
Net sales	203.8	157.6	514.5	447.9
Depreciation and amortization	2	1.9	6.7	7.5
Capital expenditures	1.4	1.1	3.1	3.4
Total assets	328.5	299.2	328.5	299.2
Adjusted EBITDA	19.4	11.8	39.7	25.7
Recreation [Member]
Segment Reporting Information [Line Items]
Net sales	166.7	197.3	542.6	563.4
Depreciation and amortization	3.6	3.6	12	9.5
Capital expenditures	0.6	2.1	3	6.3
Total assets	336.6	359.9	336.6	359.9
Adjusted EBITDA	12.8	17.9	39.4	38.7
Corporate, Other and Elims [Member]
Segment Reporting Information [Line Items]
Net sales	(1.2)	3.9	(5.3)	4
Depreciation and amortization	1.7	2.9	5.5	5.1
Capital expenditures	0.6	2.9	2.7	17.4
Total assets	118.2	136.6	118.2	136.6
Adjusted EBITDA	$ (10.8)	$ (7.4)	$ (32.2)	$ (25.6)

Business Segment Information _3

Business Segment Information - Reconciliation of Segment Adjusted EBITDA to Net Income (Loss) (Detail) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Jul. 31, 2018	Apr. 30, 2018	Jan. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Segment Reporting Information [Line Items]
Interest expense, net	$ (8.4)			$ (6.8)			$ (24.2)	$ (18.3)
(Provision) benefit for income taxes	(1.9)			(3.8)			0	7.2
Restructuring costs	(1.3)			(0.9)			(4.2)	(6.9)
Stock-based compensation expense							(7.3)	(5.1)
Impairment charges							(2.8)
Net income (loss)	5.6	$ 5.6	$ (14.6)	18.3	$ 7.4	$ 9.4	(3.3)	35.1
Fire & Emergency [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	12.1			25.3			35.8	65.5
Commercial [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	19.4			11.8			39.7	25.7
Recreation [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	12.8			17.9			39.4	38.7
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	(10.8)			(7.4)			(32.2)	(25.6)
Operating Segment [Member] | Fire & Emergency [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	12.1			25.3			35.8	65.5
Operating Segment [Member] | Commercial [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	19.4			11.8			39.7	25.7
Operating Segment [Member] | Recreation [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	12.8			17.9			39.4	38.7
Reconciling Items [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	(10.9)			(11.7)			(34.8)	(33.9)
Interest expense, net	(8.4)			(6.8)			(24.2)	(18.3)
(Provision) benefit for income taxes	(1.9)			(3.8)				7.2
Transaction expenses	(0.5)						(0.7)	(2.1)
Sponsor expense reimbursement				(0.2)			(0.6)	(0.5)
Restructuring costs	(1.3)			(0.9)			(4.2)	(6.9)
Stock-based compensation expense	(2.5)			(1.4)			(7.3)	(5.1)
Non-cash purchase accounting expense				(0.5)				(1.2)
Legal matters	(0.8)			(1.1)			(5.3)	(2.8)
Impairment charges							(2.8)
Losses attributable to assets held for sale	(1)						(3.3)
Deferred purchase price payment	$ (0.6)			(1.9)			$ (2.8)	(4.1)
First year public company costs				$ (1)				$ (1.5)