REV (REVG) 10-Q 9 Sep 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jul. 31, 2020	Sep. 04, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--10-31
Entity File Number	001-37999
Trading Symbol	REVG
Title of 12(b) Security	Common Stock ($0.001 Par Value)
Security Exchange Name	NYSE
Entity Registrant Name	REV Group, Inc.
Entity Central Index Key	0001687221
Entity Incorporation, State or Country Name	DE
Entity Tax Identification Number	26-3013415
Entity Address, Address Line One	245 South Executive Drive
Entity Address, City or Town	Brookfield
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53005
City Area Code	414
Local Phone Number	290-0190
Entity Interactive Data Current	Yes
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		63,476,203
Document Transition Report	false
Document Quarterly Report	true

Condensed Unaudited Consolidate

Condensed Unaudited Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 31, 2020	Oct. 31, 2019
Current assets:
Cash and cash equivalents	$ 17.3	$ 3.3
Accounts receivable, net	239.3	253.5
Inventories, net	572.3	513.4
Other current assets	57.9	19.4
Assets held for sale		19.5
Total current assets	886.8	809.1
Property, plant and equipment, net	182.3	201.7
Goodwill	157.3	159.8
Intangible assets, net	142.3	159.9
Right of use assets	24.7
Other long-term assets	16	16.6
Total assets	1,409.4	1,347.1
Current liabilities:
Current portion of long-term debt	1.7	3.6
Accounts payable	175.8	200.8
Customer advances	185.9	129.9
Accrued warranty	23.7	16.1
Short-term lease obligations	9.3
Liabilities held for sale		15.4
Other current liabilities	72.4	70.2
Total current liabilities	468.8	436
Long-term debt, less current maturities	388.7	376.6
Deferred income taxes	27.6	15.4
Long-term lease obligations	16.8
Other long-term liabilities	25.4	13.9
Total liabilities	927.3	841.9
Commitments and contingencies
Shareholders' Equity:
Common stock ($.001 par value, 605,000,000 shares authorized; 63,476,203 and 62,217,486 shares issued and outstanding, respectively)	0.1	0.1
Additional paid-in capital	495.8	490.8
Retained (deficit) earnings	(11.2)	15.8
Accumulated other comprehensive loss	(2.6)	(1.7)
Total REV's shareholders' equity	482.1	505
Non-controlling interest		0.2
Total shareholders' equity	482.1	505.2
Total liabilities and shareholders' equity	$ 1,409.4	$ 1,347.1

Condensed Unaudited Consolida_2

Condensed Unaudited Consolidated Balance Sheets (Parenthetical) - $ / shares	Jul. 31, 2020	Oct. 31, 2019
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	63,476,203	62,217,486
Common stock, shares outstanding	63,476,203	62,217,486

Condensed Unaudited Consolida_3

Condensed Unaudited Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2020	Jul. 31, 2019
Income Statement [Abstract]
Net sales	$ 582.2	$ 617	$ 1,661.3	$ 1,750.8
Cost of sales	515.7	545.7	1,495	1,560.7
Gross profit	66.5	71.3	166.3	190.1
Operating expenses:
Selling, general and administrative	53.5	48.9	157.6	145.3
Research and development costs	1.7	1.2	4.4	3.7
Amortization of intangible assets	3	4	10.4	13.2
Restructuring	2.5	1.3	6	4.2
Impairment charges	3.7		3.7	2.8
Total operating expenses	64.4	55.4	182.1	169.2
Operating income (loss)	2.1	15.9	(15.8)	20.9
Interest expense, net	5.7	8.4	20.3	24.2
Loss on sale of business	0.5		9.3
Gain on acquisition of business			(11.9)
(Loss) income before (benefit) provision for income taxes	(4.1)	7.5	(33.5)	(3.3)
(Benefit) provision for income taxes	(0.5)	1.9	(13.2)
Net (loss) income	(3.6)	5.6	(20.3)	(3.3)
Other comprehensive loss, net of tax	(0.8)		(0.9)	(0.2)
Comprehensive (loss) income	$ (4.4)	$ 5.6	$ (21.2)	$ (3.5)
Net (loss) income per common share:
Basic	$ (0.06)	$ 0.09	$ (0.32)	$ (0.05)
Diluted	$ (0.06)	0.09	(0.32)	(0.05)
Dividends declared per common share		$ 0.05	$ 0.10	$ 0.15

Condensed Unaudited Consolida_4

Condensed Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Cash flows from operating activities:
Net loss	$ (20.3)	$ (3.3)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	30.9	34.8
Amortization of debt issuance costs	1.8	1.5
Stock-based compensation expense	7.2	7.3
Deferred income taxes	8.3	3.5
Gain on sale of assets	(0.8)	(1.7)
Impairment charges	3.7	2.8
Loss on sale of business	9.3
Gain on acquisition of business	(11.9)
Changes in operating assets and liabilities, net	(3.2)	(22.9)
Net cash provided by operating activities	25	22
Cash flows from investing activities:
Purchase of property, plant and equipment	(9.7)	(14.1)
Purchase of rental and used vehicles	(3.3)	(3)
Proceeds from sale of assets	6.7	22.6
Proceeds from sale of businesses	50.9
Acquisition of business	(54.8)
Net cash (used in) provided by investing activities	(10.2)	5.5
Cash flows from financing activities:
Net proceeds (repayments) from borrowings under April 2017 ABL Facility	13	(52)
Net proceeds from borrowings of Term Loan		49.2
Repayment of long-term debt	(2.9)	(1.1)
Payment of dividends	(9.5)	(9.4)
Repurchase and retirement of common stock		(8.3)
Other financing activities	(1.4)	2
Net cash used in financing activities	(0.8)	(19.6)
Net increase in cash and cash equivalents	14	7.9
Cash and cash equivalents, beginning of period	3.3	11.9
Cash and cash equivalents, end of period	17.3	19.8
Cash paid (received) for:
Interest	20.9	22.6
Income taxes, net of refunds	$ 0.4	$ (9)

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 (Deficit) [Member]	Non-controlling Interest [Member]	Accumulated Other Comprehensive (Loss) [Member]
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 (loss) income	(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 employee tax withholdings, shares		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 (loss) income	(3.3)
Other comprehensive income (loss), net of tax	(0.2)
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 Oct. 31, 2018	531.4	$ 0.1	492.1	40.6		(1.4)
Balance, shares at Oct. 31, 2018		62,683,808
Repurchase and retirement of common stock		$ (8.3)
Repurchase and retirement of common stock, Shares		(717,597)
Balance at Oct. 31, 2019	505.2	$ 0.1	490.8	15.8	$ 0.2	(1.7)
Balance, shares at Oct. 31, 2019		62,217,486
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 (loss) income	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 employee tax withholdings, shares		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 (loss) income	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 employee tax withholdings, shares		6,566
Dividends declared on common stock	(3.2)			(3.2)
Repurchase and retirement of common stock	(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
Balance at Oct. 31, 2019	505.2	$ 0.1	490.8	15.8	0.2	(1.7)
Balance, shares at Oct. 31, 2019		62,217,486
Net (loss) income	(9.4)			(9.4)
Sale of business	(0.2)				(0.2)
Stock-based compensation expense	2.6		2.6
Exercise of common stock options	0.8		0.8
Exercise of common stock options, shares		102,000
Vesting of restricted and performance stock, net of employee tax withholdings, shares		360,986
Dividends declared on common stock	(3.1)			(3.1)
Balance at Jan. 31, 2020	495.9	$ 0.1	494.2	3.3		(1.7)
Balance, shares at Jan. 31, 2020		62,680,472
Balance at Oct. 31, 2019	505.2	$ 0.1	490.8	15.8	$ 0.2	(1.7)
Balance, shares at Oct. 31, 2019		62,217,486
Net (loss) income	(20.3)
Other comprehensive income (loss), net of tax	(0.9)
Repurchase and retirement of common stock, Shares		0
Balance at Jul. 31, 2020	482.1	$ 0.1	495.8	(11.2)		(2.6)
Balance, shares at Jul. 31, 2020		63,476,203
Balance at Jan. 31, 2020	495.9	$ 0.1	494.2	3.3		(1.7)
Balance, shares at Jan. 31, 2020		62,680,472
Net (loss) income	(7.6)			(7.6)
Other comprehensive income (loss), net of tax	(0.1)					(0.1)
Stock-based compensation expense	2.9		2.9
Vesting and issuance of restricted stock units and awards, net of forfeitures and employee tax withholdings	(1.2)		(1.2)
Vesting and issuance of restricted stock units and awards, net of forfeitures and employee tax withholdings, shares		717,054
Reclassification of liability awards	(1.7)		(1.7)
Dividends declared on common stock	(3.3)			(3.3)
Balance at Apr. 30, 2020	484.9	$ 0.1	494.2	(7.6)		(1.8)
Balance, shares at Apr. 30, 2020		63,397,526
Net (loss) income	(3.6)			(3.6)
Other comprehensive income (loss), net of tax	(0.8)					(0.8)
Stock-based compensation expense	1.6		1.6
Vesting and issuance of restricted stock units and awards, net of forfeitures and employee tax withholdings, shares		78,677
Repurchase and retirement of common stock, Shares		0
Balance at Jul. 31, 2020	$ 482.1	$ 0.1	$ 495.8	$ (11.2)		$ (2.6)
Balance, shares at Jul. 31, 2020		63,476,203

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jul. 31, 2020
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, 2019. The interim results are not necessarily indicative of results for the full year. Certain reclassifications have been made to the fiscal year 2019 financial statements to conform to the fiscal year 2020 presentation. Equity Sponsor Related Party Transactions Certain production facilities and offices for two of the Company’s subsidiaries are leased from certain members of management. Rent expense under these arrangements totaled $0.1 million and $0.5 million for the three months ended July 31, 2020, and July 31, 2019, respectively. Rent expense under these arrangements totaled $0.7 million and $1.5 million for the nine months ended July 31, 2020, and July 31, 2019, 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: • In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2016-02, “Leases” (Accounting Standards Codification (ASC) 842). ASC 842 is intended to increase transparency and comparability among organizations by recognizing lease liabilities with corresponding right-of-use (“ROU”) assets on the balance sheet and disclosing key information about leasing arrangements. The Company adopted the new standard on November 1, 2019, following the optional transition method provided by ASU No. 2018-11. Accordingly, prior period comparative information was not recast to reflect the impact of the new guidance and therefore continues to be reported under the accounting guidance in effect during those periods (ASC 840). The most significant impact of the Company’s adoption of ASC 842 is the recognition of ROU assets and lease liabilities on the balance sheet for operating leases. The adoption did not have any impact on the Company’s results of operations or cash flows. ASC 842 provides a number of optional transition related practical expedients. The Company elected to adopt the standard using the package of practical expedients, which allowed the Company not to reassess prior conclusions about the identification of leases, the classification of leases, and the treatment of initial direct costs. ASC 842 also provides a number of optional practical expedients for an entity’s ongoing lessee accounting. In connection with our evaluation of these practical expedients, the Company has elected not to separate payments for lease components from payments for non-lease components for all classes of leases. Additionally, the Company has elected the short-term lease recognition exemption for all leases that qualify, which means ROU assets and lease liabilities will not be recognized for leases with an initial term of twelve months or less.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Jul. 31, 2020
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 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. Shipping and handling costs that occur after the transfer of control are fulfillment costs that are 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. 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 three months ended July 31, 2020 and July 31, 2019, the Company recognized $23.5 million and $30.0 million, respectively, of revenue that was included in the customer advance balances as of October 31, 2019 and October 31, 2018, respectively. During the nine months ended July 31, 2020 and July 31, 2019, the Company recognized $104.1 million and $94.9 million, respectively, of revenue that was included in the customer advance balances as of October 31, 2019 and October 31, 2018, respectively. The Company’s payment terms do not include a significant financing component and the Company does not have significant contract assets.

Leases

Leases	9 Months Ended
	Jul. 31, 2020
Leases [Abstract]
Leases	Note 3. Leases The Company leases certain administrative and production facilities and equipment under long-term, non-cancelable operating lease agreements. The Company determines if an arrangement is or contains a lease at contract inception and recognizes a ROU asset and a lease liability based on the present value of fixed, and certain index-based lease payments at the lease commencement date. Variable payments are excluded from the present value of lease payments and are recognized in the period in which the payment is made. Lease agreements may include options to extend or terminate the lease or purchase the underlying asset. In situations where the Company is reasonably certain to exercise such options, they are considered in determining the lease term and the associated option payments, or exercise price in the case of an option to purchase, are included in the measurement of the lease liabilities and ROU assets. The Company’s leases generally do not include restrictive financial or other covenants, or residual value guarantees. The Company generally uses its incremental borrowing rate as the discount rate for measuring its lease liabilities, as the Company cannot determine the interest rate implicit in the lease because it does not have access to certain lessor specific information. Lease expense is recognized on a straight-line basis over the lease term. The Company does not have significant finance leases. During the three and nine months ended July 31, 2020, the Company recognized total operating lease costs of approximately $2.8 million and $7.6 million, respectively, and paid cash of $2.3 million and $6.9 million, respectively, for amounts included in the measurement of lease liabilities. At July 31, 2020, future minimum operating lease payments due under ASC 842 are summarized by fiscal year in the table below: Remaining three months of fiscal year 2020 $ 2.3 2021 8.7 2022 6.9 2023 4.2 2024 2.4 Thereafter 3.9 Total undiscounted lease payments 28.4 Less: imputed interest (2.4 ) Total lease liabilities $ 26.0 As of July 31, 2020, the weighted average remaining lease term and the weighted average discount rate for operating leases was 4.7 years and 5.0%, respectively. As of October 31, 2019, future minimum operating lease payments (under ASC 840) summarized by fiscal year were as follows: 2020 $ 8.5 2021 7.5 2022 5.8 2023 3.3 2024 1.5 Thereafter 0.1

Acquisition

Acquisition	9 Months Ended
	Jul. 31, 2020
Business Combinations [Abstract]
Acquisition	Note 4. Acquisition Spartan Emergency Response On February 1, 2020, the Company acquired substantially all of the assets and liabilities of Spartan Emergency Response (“Spartan ER”), a leading designer, manufacturer and distributor of custom emergency response vehicles, cabs and chassis for the emergency response market, and its brands, from Spartan Motors, Inc. (NASDAQ: SPAR). Spartan ER is reported as part of the Fire & Emergency segment. The acquisition increases the Company’s market share in several key product categories and provides access to several new large municipalities and regional markets. The purchase price for Spartan ER was $54.8 million, subject to an adjustment based on the level of net working capital at closing, as defined in the purchase agreement. The net cash consideration paid at closing was funded through the Company’s ABL credit facility. The preliminary purchase price allocation resulted in a gain of $11.9 million, which is included in the Company’s Condensed Unaudited Consolidated Statement of Operations for the nine months ended July 31, 2020. Prior to recognizing the gain, the Company reassessed the measurement and recognition of identifiable assets acquired, and liabilities assumed and concluded that the valuation procedures and resulting preliminary measures were appropriate. The Company believes that its ability to negotiate a purchase price lower than the fair market value of the acquired net assets was due to the limited number of strategic buyers that exist in this specific market and the desire of the sellers to exit the business on an accelerated basis. The Company incurred acquisition related costs of $1.6 million, which are included in selling, general and administrative expenses in the Company’s Condensed Unaudited Consolidated Statements of Operations for the three and nine months ended July 31, 2020. As of July 31, 2020, the fair value of the acquired assets, liabilities and gain on acquisition of business, is provisional pending receipt of the final valuation report from a third-party valuation firm. The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed for Spartan ER: Assets: Accounts receivable, net $ 30.9 Inventories, net 77.7 Other current assets 2.4 Property, plant and equipment 15.2 Right of use assets 6.0 Total assets acquired 132.2 Liabilities: Accounts payable 5.0 Customer advances 32.8 Accrued warranty 2.7 Other current liabilities 5.1 Short-term lease obligations 0.8 Deferred income taxes 3.9 Long-term lease obligations 5.4 Other long-term liabilities 9.8 Total liabilities assumed 65.5 Net assets acquired 66.7 Consideration paid 54.8 Gain on acquisition of business $ (11.9 ) Net sales and operating income attributable to Spartan ER for the three and nine months ended July 31, 2020 were $74.5 million and $137.1 million, and $4.5 million and $5.6 million, respectively. In connection with the acquisition, Spartan ER changed its method for recognizing revenue from over-time to point-in-time to align with the Company. The Company determined that it is impracticable to determine the cumulative effect of applying this change retrospectively because records of certain sales transactions are no longer available for all prior periods. Accordingly, the supplemental proforma disclosures required by ASC 805 have been omitted.

Inventories

Inventories	9 Months Ended
	Jul. 31, 2020
Inventory Disclosure [Abstract]
Inventories	Note 5. Inventories Inventories, net of reserves, consisted of the following: July 31, 2020 October 31, 2019 Chassis $ 44.3 $ 44.9 Raw materials 211.8 198.1 Work in process 256.6 200.8 Finished products 73.2 79.6 585.9 523.4 Less: reserves (13.6 ) (10.0 ) Total inventories, net $ 572.3 $ 513.4

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Jul. 31, 2020
Property Plant And Equipment [Abstract]
Property, Plant and Equipment	Note 6. Property, Plant and Equipment Property, plant and equipment consisted of the following: July 31, 2020 October 31, 2019 Land & land improvements $ 27.0 $ 24.2 Buildings & improvements 104.5 107.6 Machinery & equipment 84.6 93.1 Rental & used vehicles 21.4 24.4 Computer hardware & software 55.6 58.1 Office furniture & fixtures 6.2 5.8 Construction in process 8.0 11.4 307.3 324.6 Less: accumulated depreciation (125.0 ) (122.9 ) Total property, plant and equipment, net $ 182.3 $ 201.7 Depreciation expense was $6.2 million and $6.7 million for the three months ended July 31, 2020, and July 31, 2019, respectively, and $20.5 million and $21.5 million for the nine months ended July 31, 2020, and July 31, 2019, respectively. In connection with the anticipated liquidation of all rental vehicles, the Company recorded a $3.7 million impairment charge during the three months ended July 31, 2020. This impairment charge represents the difference between the carrying value of the assets and expected sale proceeds and is included in the Company’s Condensed Unaudited Consolidated Statement of Operations for the three and nine months ended July 31, 2020.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Jul. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 7. Goodwill and Intangible Assets The table below represents goodwill by segment: July 31, 2020 October 31, 2019 Fire & Emergency $ 88.6 $ 88.6 Commercial 26.2 28.7 Recreation 42.5 42.5 Total goodwill $ 157.3 $ 159.8 The change in the net carrying value amount of goodwill consisted of the following: Nine Months Ended July 31, 2020 2019 Balance at beginning of period $ 159.8 $ 161.8 Activity during the period: Acquisitions — (2.0 ) Divestitures (2.5 ) — Balance at end of period $ 157.3 $ 159.8 Intangible assets (excluding goodwill) consisted of the following: July 31, 2020 Weighted- Average Life Gross Accumulated Amortization Net Finite-lived intangible assets: Customer relationships 8.0 $ 69.8 $ (37.9 ) $ 31.9 Non-compete agreements 5.0 2.0 (1.7 ) 0.3 Trade names 7.0 1.3 (1.3 ) — 73.1 (40.9 ) 32.2 Indefinite-lived trade names 110.1 — 110.1 Total intangible assets, net $ 183.2 $ (40.9 ) $ 142.3 October 31, 2019 Weighted- Average Life Gross Accumulated Amortization Net Finite-lived intangible assets: Customer relationships 8.0 $ 126.7 $ (84.0 ) $ 42.7 Order backlog 1.0 6.7 (6.7 ) — Non-compete agreements 5.0 2.0 (1.3 ) 0.7 Trade names 7.0 3.5 (3.0 ) 0.5 Technology-related 7.0 0.9 (0.8 ) 0.1 139.8 (95.8 ) 44.0 Indefinite-lived trade names 115.9 — 115.9 Total intangible assets, net $ 255.7 $ (95.8 ) $ 159.9 Amortization expense was $3.0 million and $4.1 million for the three months ended July 31, 2020, and July 31, 2019, respectively, and $10.4 and $13.3 million for the nine months ended July 31, 2020, and July 31, 2019, respectively. As of July 31, 2020, fully amortized intangible assets and the related accumulated amortization were written off.

Divestiture Activities

Divestiture Activities	9 Months Ended
	Jul. 31, 2020
Discontinued Operations And Disposal Groups [Abstract]
Divestiture Activities	Note 8. Divestiture Activities In the first quarter of fiscal year 2019, the Company completed the sale of the assets of its mobility van business, Revability, with annual sales of approximately $40 million. In the second quarter of fiscal year 2019, the Company completed the sale of a Regional Technical Center (“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. In the first quarter of fiscal year 2020, the Company completed the sale of REV Coach. The Company received cash proceeds of $1.1 million in the first quarter of fiscal year 2020, and the remaining $0.9 million in the second quarter of fiscal year 2020. Effective May 8, 2020, and in connection with a strategic review of the product portfolio, the Company completed the sale of its shuttle bus businesses for $48.9 million in cash. As a result, the Company recorded a loss on sale of $9.3 million, which is included in the Company’s Condensed Unaudited Consolidated Statement of Operations for the nine months ended July 31, 2020. The Company used the proceeds from the disposition to reduce outstanding borrowings. The shuttle bus businesses were previously reported as part of the Commercial segment. As of October 31, 2019, assets and liabilities held for sale consisted of the following balances related to the sale of REV Coach: property, plant and equipment, net—$0.2 million, inventories, net—$14.0 million, accounts receivable, net—$0.4 million, other current and long-term assets—$4.9 million, accounts payable—$11.7 million and other current and long-term liabilities—$3.7 million.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Jul. 31, 2020
Debt Disclosure [Abstract]
Long-Term Debt	Note 9. Long-Term Debt The Company was obligated under the following debt instruments: July 31, 2020 October 31, 2019 April 2017 ABL facility $ 223.0 $ 210.0 Term Loan, net of debt issuance costs ($2.0 and $2.2) 167.4 170.2 390.4 380.2 Less: current maturities (1.7 ) (3.6 ) Long-term debt, less current maturities $ 388.7 $ 376.6 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. The following amendments have been made to the April 2017 ABL Facility: • On December 22, 2017, the Company exercised a $100.0 million incremental borrowing capacity option under the April 2017 ABL Facility to fund the Lance Camper acquisition, 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. • On January 31, 2020, the Company increased total borrowing capacity under the facility, in anticipation of its acquisition of Spartan ER, from $450.0 million to $500.0 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. The outstanding balance for the April 2017 ABL facility as of January 31, 2020 reflects the draw-down of additional debt to fund the acquisition of Spartan ER. 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. The weighted-average interest rate on borrowings outstanding under the April 2017 ABL Facility was 2.11% as of July 31, 2020. 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, 2020. As of July 31, 2020, the Company’s availability under the April 2017 ABL Facility was $220.6 million. The fair value of the April 2017 ABL Facility approximated book value at both July 31, 2020 and October 31, 2019. 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. The lenders under the Term Loan have a second priority security interest in substantially all accounts receivable and inventory of the Company. The following amendments have been made to the Term Loan: • 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, which were deducted from proceeds received by the Company. Proceeds from the incremental commitment were used to repay a portion of the outstanding borrowings under the April 2017 ABL Facility. • On October 18, 2019, the Company amended the term loan agreement to raise the maximum leverage net ratio to 4.00 to 1.00 from 3.50 to 1.00. The ratio will decline by 25 basis points in the third quarter of each fiscal year after the amendment date, reaching a final maximum leverage ratio of 3.50 to 1.00 on July 31, 2021. Additionally, the Company received a waiver related to the excess cash flow calculation payment for fiscal year 2019. The Company incurred $0.2 million of debt issuance costs related to the amendment. • On January 31, 2020, the Company amended the term loan agreement, in contemplation of its pending acquisition of Spartan ER, to raise the maximum net leverage ratio to 5.00 to 1.00 from 4.00 to 1.00. The ratio will decline by 25 basis points in the fourth quarter of fiscal year 2020, and each fiscal quarter ending thereafter, reaching a final maximum leverage ratio of 3.75 to 1.00 on October 31, 2021. The Company incurred $0.4 million of debt issuance costs related to this amendment • On April 29, 2020, the Company amended the term loan agreement to eliminate the maximum leverage ratio covenant and replace it with a fixed charge coverage ratio test with a minimum ratio of 1.25 to 1.00. The fixed charge coverage ratio covenant will remain in effect through the fourth quarter of fiscal year 2020. The maximum leverage ratio covenant will be reinstated at 5.25 to 1.00 starting in the first quarter of fiscal year 2021 and decline by 25 basis points each subsequent quarter, to a final level of 4.25 to 1.00 in first quarter of fiscal 2022. The applicable interest rate margins increased by 75 basis points corresponding with the amendment. The Company incurred $0.2 million of debt issuance costs related to the amendment Applicable interest rate margins for the Term Loan are 3.25% for base rate loans and 4.25% for Eurodollar rate loans (with the Eurodollar rate having a floor of 1.00%) as a result of the April 29, 2020 Term Loan amendment. 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 was 5.25% as of July 31, 2020. 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 Company was in compliance with all financial covenants under the Term Loan as of July 31, 2020. The fair value of the Term Loan approximated book value at both July 31, 2020 and October 31, 2019.

Warranties

Warranties	9 Months Ended
	Jul. 31, 2020
Guarantees [Abstract]
Warranties	Note 10. 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, 2020 2019 Balance at beginning of period $ 22.6 $ 30.8 Warranty provisions 27.5 17.3 Settlements made (25.8 ) (25.1 ) Warranties for current year acquisition 12.2 — Divestiture adjustments (0.7 ) — Changes in liability of pre-existing warranties (0.3 ) 0.1 Balance at end of period $ 35.5 $ 23.1 Accrued warranty is classified in the Company’s consolidated balance sheets as follows: July 31, 2020 October 31, 2019 Current liabilities $ 23.7 $ 16.1 Other long-term liabilities 11.8 6.5 Total warranty liability $ 35.5 $ 22.6

Stock Repurchase Program

Stock Repurchase Program	9 Months Ended
	Jul. 31, 2020
Equity [Abstract]
Stock Repurchase Program	Note 11. Stock Repurchase Program 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. The Company’s share repurchase program is executed from time to time through open market or through private transactions. Shares purchased under the share repurchase program are retired and returned to authorized and unissued status. During fiscal year 2019, the Company repurchased 717,597 shares under this repurchase program at a total cost of $8.3 million at an average price per share of $11.62. There were no repurchases under this program during the three and nine months ended July 31, 2020. As of July 31, 2020, the Company had $38.3 million of authorization remaining under this program. The Company is no longer permitted to repurchase stock under the provisions of our Term Loan, as amended on April 29, 2020, from the date of the amendment through the maturity of the Term Loan Agreement.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Jul. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Note 12. 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, 2020 and July 31, 2019: Three Months Ended July 31, Nine Months Ended July 31, 2020 2019 2020 2019 Basic weighted-average common shares outstanding 63,134,486 62,641,436 63,011,955 62,875,677 Dilutive stock options — 273,717 — — Dilutive restricted stock units — 509,452 — — Dilutive performance stock units — — — — Diluted weighted-average common shares outstanding 63,134,486 63,424,605 63,011,955 62,875,677 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, 2020 and July 31, 2019: Three Months Ended July 31, Nine Months Ended July 31, 2020 2019 2020 2019 Anti-dilutive stock options 627,600 48,951 779,600 988,551 Anti-dilutive restricted stock units 2,865,583 422,169 3,546,206 1,773,255 Anti-dilutive performance stock units — 18,408 — 18,408 Anti-dilutive common stock equivalents 3,493,183 489,528 4,325,806 2,780,214

Income Taxes

Income Taxes	9 Months Ended
	Jul. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 13. 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. On March 27, 2020, the U.S. enacted the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”). The Cares Act is an emergency economic stimulus package that includes spending and tax benefits to strengthen the U.S. economy and fund a nationwide effort to curtail the effect of COVID-19. While the CARES Act provides sweeping tax changes in response to the COVID-19 pandemic, some of the more significant provisions include removal of certain limitations on utilization of net operating losses, allowing for net operating loss carrybacks for certain past and future losses, increasing the ability to deduct interest expense, as well as amending certain provisions of the previously enacted Tax Cuts and Jobs Act. The Company continued to evaluate the impact of the CARES Act during the quarter and recorded a cumulative tax benefit of $3.5 million for the carryback of the fiscal year 2018 federal net operating loss. As the Company is carrying the losses back to years beginning before January 1, 2018, the tax benefit of $3.5 million is a result of the rate differential between the previous 35% federal tax rate and current statutory rate of 21%. The Company recorded income tax benefit of $0.5 million for the three months ended July 31, 2020, or 11.6% of pre-tax loss, compared to $1.9 million of expense, or 25.7% of pre-tax income, for the three months ended July 31, 2019. Results for the three months ended July 31, 2020 were unfavorably impacted by $0.8 million of net discrete tax expense primarily related to stock-based compensation tax deductions. Results for the three months ended July 31, 2019 were unfavorably impacted by $0.1 million of net discrete tax expenses primarily related to a federal provision-to-return adjustment. The Company recorded income tax benefit of $13.2 million for the nine months ended July 31, 2020, or 39.4% of pre-tax loss, compared to less than $0.1 million of expense, or (0.2)% of pre-tax loss, for the nine months ended July 31, 2019. Results for the nine months ended July 31, 2020 were favorably impacted by $4.6 million of net discrete tax benefits primarily related to net operating loss carrybacks allowable under the CARES Act and the nontaxable gain on the acquisition of Spartan ER which were offset by the net discrete tax expense related to stock-based compensation tax deductions. Results for the nine months ended July 31, 2019 were unfavorably impacted by $0.8 million of net discrete expenses primarily related to stock-based compensation tax deductions. The Company periodically evaluates its valuation allowance requirements as facts and circumstances change 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 , 2020, there were no changes to the Company’s valuation allowances . The Company’s liability for unrecognized tax benefits, including interest and penalties, was $2.8 million as of July 31, 2020 and $2.6 million as of October 31, 2019. The unrecognized tax benefits are presented in other long-term liabilities in the Company’s Condensed Unaudited Consolidated Balance Sheets for the period ended July 31, 2020. During the next twelve months, it is reasonably possible that $0.4 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 Condensed Unaudited 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, 2020, 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, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 14. Commitments and Contingencies Personal Injury Actions and Other Market Risks July 31, 2020 October 31, 2019 Performance, bid and specialty bonds $ 290.4 $ 229.9 Open standby letters of credit 11.9 14.3 Total $ 302.3 $ 244.2 The increase in performance, bid and specialty bonds is attributable to municipal contracts within our Commercial segment and customer contracts related to Spartan ER. Chassis Contingent Liabilities Repurchase Commitments Company expects this pattern to continue. The reserve for losses included in other liabilities on contracts outstanding at July 31, 2020 and October 31, 2019 is immaterial . 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, primarily financed vehicles, 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. These actions collectively purport to assert claims on behalf of putative classes of purchasers of the Company’s common stock in or traceable to its January 2017 IPO, purchasers in its secondary offering of common stock in October 2017, and purchasers from October 10, 2017 through June 7, 2018. The state action also names 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 have alleged certain violations of the Securities Act of 1933 and, for the federal action, the Securities Exchange Act of 1934. The consolidated state action is currently stayed in favor of the consolidated federal action. 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, 2020
Segment Reporting [Abstract]
Business Segment Information	Note 15. 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 business es which included Goshen Coach , ElDorado National (Kansas) , Federal Coach, Champion and World Trans . Refer to Note 8, Divestiture Activities, for further details . 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, 2020 Fire & Emergency Commercial Recreation Corporate, Other & Elims Consolidated Net sales $ 306.7 $ 92.4 $ 182.7 $ 0.4 $ 582.2 Depreciation and amortization $ 3.1 $ 1.1 $ 3.4 $ 1.6 $ 9.2 Capital expenditures $ 1.0 $ 0.3 $ 0.2 $ 0.5 $ 2.0 Total assets $ 766.9 $ 205.9 $ 309.0 $ 127.6 $ 1,409.4 Adjusted EBITDA $ 12.9 $ 10.3 $ 12.1 $ (13.9 ) 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 $ 1.8 $ 1.4 $ 0.6 $ 0.9 $ 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 ) Nine Months Ended July 31, 2020 Fire & Emergency Commercial Recreation Corporate, Other & Elims Consolidated Net sales $ 802.4 $ 393.8 $ 463.6 $ 1.5 $ 1,661.3 Depreciation and amortization $ 10.2 $ 4.7 $ 10.2 $ 5.8 $ 30.9 Capital expenditures $ 5.0 $ 1.7 $ 1.6 $ 1.4 $ 9.7 Total assets $ 766.9 $ 205.9 $ 309.0 $ 127.6 $ 1,409.4 Adjusted EBITDA $ 25.1 $ 28.1 $ 17.9 $ (31.5 ) 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 $ 5.0 $ 3.1 $ 3.0 $ 3.0 $ 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 ) 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 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 (loss) income: Three Months Ended July 31, Nine Months Ended July 31, 2020 2019 2020 2019 Fire & Emergency Adjusted EBITDA $ 12.9 $ 12.1 $ 25.1 $ 35.8 Commercial Adjusted EBITDA 10.3 19.4 28.1 39.7 Recreation Adjusted EBITDA 12.1 12.8 17.9 39.4 Corporate and Other Adjusted EBITDA (13.9 ) (10.8 ) (31.5 ) (32.2 ) Depreciation and amortization (9.2 ) (10.9 ) (30.9 ) (34.8 ) Interest expense, net (5.7 ) (8.4 ) (20.3 ) (24.2 ) Benefit (provision) for income taxes 0.5 (1.9 ) 13.2 — Transaction expenses (0.6 ) (0.5 ) (2.6 ) (0.7 ) Sponsor expense reimbursement (0.1 ) — (0.2 ) (0.6 ) Restructuring costs (2.5 ) (1.3 ) (6.0 ) (4.2 ) Restructuring related charges (0.7 ) — (3.9 ) — Stock-based compensation expense (1.8 ) (2.5 ) (7.2 ) (7.3 ) Legal matters (0.1 ) (0.8 ) (1.6 ) (5.3 ) Loss on sale of business (0.5 ) — (9.3 ) — Gain on acquisition of business — — 11.9 — Impairment charges (3.7 ) — (3.7 ) (2.8 ) (Losses) earnings attributable to assets held for sale (0.6 ) (1.0 ) 0.8 (3.3 ) Deferred purchase price payment — (0.6 ) (0.1 ) (2.8 ) Net (loss) income $ (3.6 ) $ 5.6 $ (20.3 ) $ (3.3 )

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Jul. 31, 2020
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: • In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2016-02, “Leases” (Accounting Standards Codification (ASC) 842). ASC 842 is intended to increase transparency and comparability among organizations by recognizing lease liabilities with corresponding right-of-use (“ROU”) assets on the balance sheet and disclosing key information about leasing arrangements. The Company adopted the new standard on November 1, 2019, following the optional transition method provided by ASU No. 2018-11. Accordingly, prior period comparative information was not recast to reflect the impact of the new guidance and therefore continues to be reported under the accounting guidance in effect during those periods (ASC 840). The most significant impact of the Company’s adoption of ASC 842 is the recognition of ROU assets and lease liabilities on the balance sheet for operating leases. The adoption did not have any impact on the Company’s results of operations or cash flows. ASC 842 provides a number of optional transition related practical expedients. The Company elected to adopt the standard using the package of practical expedients, which allowed the Company not to reassess prior conclusions about the identification of leases, the classification of leases, and the treatment of initial direct costs. ASC 842 also provides a number of optional practical expedients for an entity’s ongoing lessee accounting. In connection with our evaluation of these practical expedients, the Company has elected not to separate payments for lease components from payments for non-lease components for all classes of leases. Additionally, the Company has elected the short-term lease recognition exemption for all leases that qualify, which means ROU assets and lease liabilities will not be recognized for leases with an initial term of twelve months or less.

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jul. 31, 2020
Leases [Abstract]
Schedule of Future Minimum Operating Lease Payments Due Under ASC 842	At July 31, 2020, future minimum operating lease payments due under ASC 842 are summarized by fiscal year in the table below: Remaining three months of fiscal year 2020 $ 2.3 2021 8.7 2022 6.9 2023 4.2 2024 2.4 Thereafter 3.9 Total undiscounted lease payments 28.4 Less: imputed interest (2.4 ) Total lease liabilities $ 26.0
Schedule of Future Minimum Operating Lease Payments Due Under ASC 840	As of October 31, 2019, future minimum operating lease payments (under ASC 840) summarized by fiscal year were as follows: 2020 $ 8.5 2021 7.5 2022 5.8 2023 3.3 2024 1.5 Thereafter 0.1

Acquisition (Tables)

Acquisition (Tables)	9 Months Ended
	Jul. 31, 2020
Business Combinations [Abstract]
Schedule of Preliminary Fair Values of Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed for Spartan ER: Assets: Accounts receivable, net $ 30.9 Inventories, net 77.7 Other current assets 2.4 Property, plant and equipment 15.2 Right of use assets 6.0 Total assets acquired 132.2 Liabilities: Accounts payable 5.0 Customer advances 32.8 Accrued warranty 2.7 Other current liabilities 5.1 Short-term lease obligations 0.8 Deferred income taxes 3.9 Long-term lease obligations 5.4 Other long-term liabilities 9.8 Total liabilities assumed 65.5 Net assets acquired 66.7 Consideration paid 54.8 Gain on acquisition of business $ (11.9 )

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jul. 31, 2020
Inventory Disclosure [Abstract]
Schedule of Inventories, Net of Reserves	Inventories, net of reserves, consisted of the following: July 31, 2020 October 31, 2019 Chassis $ 44.3 $ 44.9 Raw materials 211.8 198.1 Work in process 256.6 200.8 Finished products 73.2 79.6 585.9 523.4 Less: reserves (13.6 ) (10.0 ) Total inventories, net $ 572.3 $ 513.4

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Jul. 31, 2020
Property Plant And Equipment [Abstract]
Summary of Property, Plant and Equipment	Property, plant and equipment consisted of the following: July 31, 2020 October 31, 2019 Land & land improvements $ 27.0 $ 24.2 Buildings & improvements 104.5 107.6 Machinery & equipment 84.6 93.1 Rental & used vehicles 21.4 24.4 Computer hardware & software 55.6 58.1 Office furniture & fixtures 6.2 5.8 Construction in process 8.0 11.4 307.3 324.6 Less: accumulated depreciation (125.0 ) (122.9 ) Total property, plant and equipment, net $ 182.3 $ 201.7

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Jul. 31, 2020
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, 2020 October 31, 2019 Fire & Emergency $ 88.6 $ 88.6 Commercial 26.2 28.7 Recreation 42.5 42.5 Total goodwill $ 157.3 $ 159.8 The change in the net carrying value amount of goodwill consisted of the following: Nine Months Ended July 31, 2020 2019 Balance at beginning of period $ 159.8 $ 161.8 Activity during the period: Acquisitions — (2.0 ) Divestitures (2.5 ) — Balance at end of period $ 157.3 $ 159.8
Summary of Intangible Assets Excluding Goodwill	Intangible assets (excluding goodwill) consisted of the following: July 31, 2020 Weighted- Average Life Gross Accumulated Amortization Net Finite-lived intangible assets: Customer relationships 8.0 $ 69.8 $ (37.9 ) $ 31.9 Non-compete agreements 5.0 2.0 (1.7 ) 0.3 Trade names 7.0 1.3 (1.3 ) — 73.1 (40.9 ) 32.2 Indefinite-lived trade names 110.1 — 110.1 Total intangible assets, net $ 183.2 $ (40.9 ) $ 142.3 October 31, 2019 Weighted- Average Life Gross Accumulated Amortization Net Finite-lived intangible assets: Customer relationships 8.0 $ 126.7 $ (84.0 ) $ 42.7 Order backlog 1.0 6.7 (6.7 ) — Non-compete agreements 5.0 2.0 (1.3 ) 0.7 Trade names 7.0 3.5 (3.0 ) 0.5 Technology-related 7.0 0.9 (0.8 ) 0.1 139.8 (95.8 ) 44.0 Indefinite-lived trade names 115.9 — 115.9 Total intangible assets, net $ 255.7 $ (95.8 ) $ 159.9

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Jul. 31, 2020
Debt Disclosure [Abstract]
Summary of Long-Term Debt	The Company was obligated under the following debt instruments: July 31, 2020 October 31, 2019 April 2017 ABL facility $ 223.0 $ 210.0 Term Loan, net of debt issuance costs ($2.0 and $2.2) 167.4 170.2 390.4 380.2 Less: current maturities (1.7 ) (3.6 ) Long-term debt, less current maturities $ 388.7 $ 376.6

Warranties (Tables)

Warranties (Tables)	9 Months Ended
	Jul. 31, 2020
Guarantees [Abstract]
Schedule of Changes in Warranty Liability	Changes in the Company’s warranty liability consisted of the following: Nine Months Ended July 31, 2020 2019 Balance at beginning of period $ 22.6 $ 30.8 Warranty provisions 27.5 17.3 Settlements made (25.8 ) (25.1 ) Warranties for current year acquisition 12.2 — Divestiture adjustments (0.7 ) — Changes in liability of pre-existing warranties (0.3 ) 0.1 Balance at end of period $ 35.5 $ 23.1
Accrued Warranty Classified Consolidated Balance Sheets	Accrued warranty is classified in the Company’s consolidated balance sheets as follows: July 31, 2020 October 31, 2019 Current liabilities $ 23.7 $ 16.1 Other long-term liabilities 11.8 6.5 Total warranty liability $ 35.5 $ 22.6

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Jul. 31, 2020
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, 2020 and July 31, 2019: Three Months Ended July 31, Nine Months Ended July 31, 2020 2019 2020 2019 Basic weighted-average common shares outstanding 63,134,486 62,641,436 63,011,955 62,875,677 Dilutive stock options — 273,717 — — Dilutive restricted stock units — 509,452 — — Dilutive performance stock units — — — — Diluted weighted-average common shares outstanding 63,134,486 63,424,605 63,011,955 62,875,677
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, 2020 and July 31, 2019: Three Months Ended July 31, Nine Months Ended July 31, 2020 2019 2020 2019 Anti-dilutive stock options 627,600 48,951 779,600 988,551 Anti-dilutive restricted stock units 2,865,583 422,169 3,546,206 1,773,255 Anti-dilutive performance stock units — 18,408 — 18,408 Anti-dilutive common stock equivalents 3,493,183 489,528 4,325,806 2,780,214

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Jul. 31, 2020
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, 2020 October 31, 2019 Performance, bid and specialty bonds $ 290.4 $ 229.9 Open standby letters of credit 11.9 14.3 Total $ 302.3 $ 244.2

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Jul. 31, 2020
Segment Reporting [Abstract]
Selected Financial Information of Segments	Selected financial information of the Company’s segments is as follows: Three Months Ended July 31, 2020 Fire & Emergency Commercial Recreation Corporate, Other & Elims Consolidated Net sales $ 306.7 $ 92.4 $ 182.7 $ 0.4 $ 582.2 Depreciation and amortization $ 3.1 $ 1.1 $ 3.4 $ 1.6 $ 9.2 Capital expenditures $ 1.0 $ 0.3 $ 0.2 $ 0.5 $ 2.0 Total assets $ 766.9 $ 205.9 $ 309.0 $ 127.6 $ 1,409.4 Adjusted EBITDA $ 12.9 $ 10.3 $ 12.1 $ (13.9 ) 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 $ 1.8 $ 1.4 $ 0.6 $ 0.9 $ 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 ) Nine Months Ended July 31, 2020 Fire & Emergency Commercial Recreation Corporate, Other & Elims Consolidated Net sales $ 802.4 $ 393.8 $ 463.6 $ 1.5 $ 1,661.3 Depreciation and amortization $ 10.2 $ 4.7 $ 10.2 $ 5.8 $ 30.9 Capital expenditures $ 5.0 $ 1.7 $ 1.6 $ 1.4 $ 9.7 Total assets $ 766.9 $ 205.9 $ 309.0 $ 127.6 $ 1,409.4 Adjusted EBITDA $ 25.1 $ 28.1 $ 17.9 $ (31.5 ) 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 $ 5.0 $ 3.1 $ 3.0 $ 3.0 $ 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 )
Reconciliation of Segment Adjusted EBITDA to Net (Loss) Income	Provided below is a reconciliation of segment Adjusted EBITDA to net (loss) income: Three Months Ended July 31, Nine Months Ended July 31, 2020 2019 2020 2019 Fire & Emergency Adjusted EBITDA $ 12.9 $ 12.1 $ 25.1 $ 35.8 Commercial Adjusted EBITDA 10.3 19.4 28.1 39.7 Recreation Adjusted EBITDA 12.1 12.8 17.9 39.4 Corporate and Other Adjusted EBITDA (13.9 ) (10.8 ) (31.5 ) (32.2 ) Depreciation and amortization (9.2 ) (10.9 ) (30.9 ) (34.8 ) Interest expense, net (5.7 ) (8.4 ) (20.3 ) (24.2 ) Benefit (provision) for income taxes 0.5 (1.9 ) 13.2 — Transaction expenses (0.6 ) (0.5 ) (2.6 ) (0.7 ) Sponsor expense reimbursement (0.1 ) — (0.2 ) (0.6 ) Restructuring costs (2.5 ) (1.3 ) (6.0 ) (4.2 ) Restructuring related charges (0.7 ) — (3.9 ) — Stock-based compensation expense (1.8 ) (2.5 ) (7.2 ) (7.3 ) Legal matters (0.1 ) (0.8 ) (1.6 ) (5.3 ) Loss on sale of business (0.5 ) — (9.3 ) — Gain on acquisition of business — — 11.9 — Impairment charges (3.7 ) — (3.7 ) (2.8 ) (Losses) earnings attributable to assets held for sale (0.6 ) (1.0 ) 0.8 (3.3 ) Deferred purchase price payment — (0.6 ) (0.1 ) (2.8 ) Net (loss) income $ (3.6 ) $ 5.6 $ (20.3 ) $ (3.3 )

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($) $ in Millions	Jul. 31, 2020	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2020	Jul. 31, 2019
Primary Equity Holder [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Selling, general and administrative expenses charged by primary equity holder		$ 0.1		$ 0.2	$ 0.6
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		$ 0.1	$ 0.5	$ 0.7	$ 1.5
American Industrial Partners [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Equity interest held by operating partnership, voting equity	53.20%

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2020	Jul. 31, 2019
Revenue From Contract With Customer [Abstract]
Revenue recognized included in customer advances	$ 23.5	$ 30	$ 104.1	$ 94.9

Leases - Additional Information

Leases - Additional Information (Detail) $ in Millions	3 Months Ended	9 Months Ended
	Jul. 31, 2020USD ($)	Jul. 31, 2020USD ($)
Leases [Abstract]
Operating Lease, Cost	$ 2.8	$ 7.6
Operating Lease, Payments	$ 2.3	$ 6.9
Weighted average remaining lease term for operating leases	4 years 8 months 12 days	4 years 8 months 12 days
Weighted average discount rate for operating leases	5.00%	5.00%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Operating Lease Payments Due Under ASC 842 (Detail) $ in Millions	Jul. 31, 2020USD ($)
Leases [Abstract]
Remaining three months of fiscal year 2020	$ 2.3
2021	8.7
2022	6.9
2023	4.2
2024	2.4
Thereafter	3.9
Total undiscounted lease payments	28.4
Less: imputed interest	(2.4)
Total lease liabilities	$ 26

Leases - Schedule of Future M_2

Leases - Schedule of Future Minimum Operating Lease Payments Due Under ASC 840 (Detail) $ in Millions	Oct. 31, 2019USD ($)
Leases [Abstract]
2020	$ 8.5
2021	7.5
2022	5.8
2023	3.3
2024	1.5
Thereafter	$ 0.1

Acquisition - Additional Inform

Acquisition - Additional Information (Detail) - USD ($) $ in Millions	Feb. 01, 2020	Jul. 31, 2020	Jul. 31, 2020
Business Acquisition [Line Items]
Gain on acquisition of business			$ 11.9
Spartan Emergency Response [Member]
Business Acquisition [Line Items]
Business acquisition, purchase price	$ 54.8
Gain on acquisition of business	11.9
Net sales		$ 74.5	137.1
Operating income		$ 4.5	$ 5.6
Spartan Emergency Response [Member] | Selling, General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Acquisition related costs	$ 1.6

Acquisition - Schedule of Preli

Acquisition - Schedule of Preliminary Fair Values of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Millions	Feb. 01, 2020	Jul. 31, 2020
Liabilities:
Gain on acquisition of business		$ (11.9)
Spartan Emergency Response [Member]
Assets:
Accounts receivable, net	$ 30.9
Inventories, net	77.7
Other current assets	2.4
Property, plant and equipment	15.2
Right of use assets	6
Total assets acquired	132.2
Liabilities:
Accounts payable	5
Customer advances	32.8
Accrued warranty	2.7
Other current liabilities	5.1
Short-term lease obligations	0.8
Deferred income taxes	3.9
Long-term lease obligations	5.4
Other long-term liabilities	9.8
Total liabilities assumed	65.5
Net assets acquired	66.7
Consideration paid	54.8
Gain on acquisition of business	$ (11.9)

Inventories - Schedule of Inven

Inventories - Schedule of Inventories, Net of Reserves (Detail) - USD ($) $ in Millions	Jul. 31, 2020	Oct. 31, 2019
Inventory Disclosure [Abstract]
Chassis	$ 44.3	$ 44.9
Raw materials	211.8	198.1
Work in process	256.6	200.8
Finished products	73.2	79.6
Inventory, Gross, Total	585.9	523.4
Less: reserves	(13.6)	(10)
Total inventories, net	$ 572.3	$ 513.4

Property, Plant and Equipment -

Property, Plant and Equipment - Summary of Property, Plant and Equipment (Detail) - USD ($) $ in Millions	Jul. 31, 2020	Oct. 31, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 307.3	$ 324.6
Less: accumulated depreciation	(125)	(122.9)
Total property, plant and equipment, net	182.3	201.7
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	27	24.2
Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	104.5	107.6
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	84.6	93.1
Rental and Used Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	21.4	24.4
Computer Hardware and Software [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	55.6	58.1
Office Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	6.2	5.8
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 8	$ 11.4

Property, Plant and Equipment_2

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2020	Jul. 31, 2019
Property Plant And Equipment [Abstract]
Depreciation expense	$ 6.2	$ 6.7	$ 20.5	$ 21.5
Impairment charges	$ 3.7		$ 3.7	$ 2.8

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Summary of Goodwill by Segment (Detail) - USD ($) $ in Millions	Jul. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Oct. 31, 2018	Jul. 31, 2018	Oct. 31, 2017
Goodwill [Line Items]
Goodwill	$ 157.3	$ 159.8	$ 157.3	$ 159.8	$ 159.8	$ 161.8
Fire & Emergency [Member]
Goodwill [Line Items]
Goodwill	88.6	88.6
Commercial [Member]
Goodwill [Line Items]
Goodwill	26.2	28.7
Recreation [Member]
Goodwill [Line Items]
Goodwill	$ 42.5	$ 42.5

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, 2020	Jul. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Balance at beginning of period	$ 159.8	$ 159.8
Acquisitions		(2)
Divestitures	(2.5)
Balance at end of period	$ 157.3	$ 157.3

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Summary of Intangible Assets Excluding Goodwill (Detail) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Jul. 31, 2020	Oct. 31, 2019
Intangible Assets Excluding Goodwill [Line Items]
Finite-lived intangible assets, gross	$ 73.1	$ 139.8
Finite-lived intangible assets, accumulated amortization	(40.9)	(95.8)
Finite-lived intangible assets, net	32.2	44
Indefinite-lived trade names	110.1	115.9
Total intangible assets, gross	183.2	255.7
Total intangible assets, net	$ 142.3	$ 159.9
Customer Relationships [Member]
Intangible Assets Excluding Goodwill [Line Items]
Finite-lived intangible assets, Weighted-Average Life	8 years	8 years
Finite-lived intangible assets, gross	$ 69.8	$ 126.7
Finite-lived intangible assets, accumulated amortization	(37.9)	(84)
Finite-lived intangible assets, net	$ 31.9	$ 42.7
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
Finite-lived intangible assets, accumulated amortization		$ (6.7)
Non-compete Agreements [Member]
Intangible Assets Excluding Goodwill [Line Items]
Finite-lived intangible assets, Weighted-Average Life	5 years	5 years
Finite-lived intangible assets, gross	$ 2	$ 2
Finite-lived intangible assets, accumulated amortization	(1.7)	(1.3)
Finite-lived intangible assets, net	$ 0.3	$ 0.7
Trade Names [Member]
Intangible Assets Excluding Goodwill [Line Items]
Finite-lived intangible assets, Weighted-Average Life	7 years	7 years
Finite-lived intangible assets, gross	$ 1.3	$ 3.5
Finite-lived intangible assets, accumulated amortization	$ (1.3)	(3)
Finite-lived intangible assets, net		$ 0.5
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
Finite-lived intangible assets, accumulated amortization		(0.8)
Finite-lived intangible assets, net		$ 0.1

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2020	Jul. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Amortization expense	$ 3	$ 4.1	$ 10.4	$ 13.3

Divestiture Activities - Additi

Divestiture Activities - Additional Information (Detail) - USD ($) $ in Millions	May 08, 2020	Jul. 31, 2020	Jan. 31, 2020	Apr. 30, 2019	Jan. 31, 2019	Jul. 31, 2020	Apr. 30, 2020	Oct. 31, 2019
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Net cash proceeds from sale of business						$ 50.9
Gain (loss) on sale of business		$ (0.5)				(9.3)
REV Coach Segment [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Net cash proceeds from sale of business			$ 1.1
Expected proceeds to be received from divestiture of businesses next three months							$ 0.9
Property, plant and equipment, net								$ 0.2
Inventories, net								14
Accounts receivable, net								0.4
Other current and long-term assets								4.9
Accounts payable								11.7
Other current and long-term liabilities								$ 3.7
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 (loss) on sale of business				$ 1.2
Shuttle Bus Businesses [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Net cash proceeds from sale of business	$ 48.9
Gain (loss) on sale of business						$ 9.3

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Millions	Jul. 31, 2020	Oct. 31, 2019
Debt Instruments [Abstract]
April 2017 ABL facility	$ 223	$ 210
Term Loan, net of debt issuance costs ($2.0 and $2.2)	167.4	170.2
Long term debt including current maturities	390.4	380.2
Less: current maturities	(1.7)	(3.6)
Long-term debt, less current maturities	$ 388.7	$ 376.6

Long-Term Debt - Summary of L_2

Long-Term Debt - Summary of Long-Term Debt (Parenthetical) (Detail) - USD ($) $ in Millions	Jul. 31, 2020	Apr. 29, 2020	Jan. 31, 2020	Oct. 31, 2019	Oct. 18, 2019	Mar. 29, 2019	Jul. 18, 2018	Apr. 25, 2017
Debt Instrument [Line Items]
Debt issuance costs		$ 0.2	$ 0.4		$ 0.2
Term Loan [Member]
Debt Instrument [Line Items]
Debt issuance costs	$ 2			$ 2.2		$ 0.8	$ 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, 2020

Jan. 31, 2022

Oct. 31, 2021

Jul. 31, 2021

Jan. 31, 2021

Apr. 29, 2020

Jan. 31, 2020

Jan. 30, 2020

Oct. 31, 2019

Oct. 18, 2019

Oct. 17, 2019

Debt Instrument [Line Items]

Debt issuance costs

$ 200,000

$ 400,000

$ 200,000

Secured leverage declined basis points

0.25%

Secured leverage increased basis points

0.75%

Minimum [Member]

Debt Instrument [Line Items]

Secured leverage net ratio

1.25%

Maximum [Member]

Debt Instrument [Line Items]

Secured leverage net ratio

5.00%

4.00%

4.00%

3.50%

Maximum [Member] | Scenario, Forecast

Debt Instrument [Line Items]

Secured leverage net ratio

4.25%

3.75%

3.50%

5.25%

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

$ 400,000

Additional increase in borrowing capacity

$ 100,000,000

Debt instrument maturity date

Apr. 25, 2022

Additional increase in borrowing capacity

$ 100,000,000

Weighted-average interest rate

2.11%

Available current borrowing capacity

$ 220,600,000

April 2017 Asset Based Lending Facility [Member] | Base Rate [Member]

Debt Instrument [Line Items]

Debt instrument applicable interest rate margins

0.75%

April 2017 Asset Based Lending Facility [Member] | Eurodollar [Member]

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] | Minimum [Member]

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 350,000,000

450,000,000

April 2017 Asset Based Lending Facility [Member] | Maximum [Member]

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 450,000,000

$ 500,000,000

Fixed charge coverage ratio

100.00%

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

$ 2,000,000

$ 2,200,000

Debt instrument maturity date

Apr. 25, 2022

Additional increase in borrowing capacity

50,000,000

50,000,000

Required annual payment percentage

0.25%

Weighted-average interest rate

5.25%

Debt principal amount

$ 75,000,000

Term Loan [Member] | Base Rate [Member]

Debt Instrument [Line Items]

Debt instrument applicable interest rate margins

3.25%

Debt instrument frequency of payment

Quarterly

Term Loan [Member] | Eurodollar [Member]

Debt Instrument [Line Items]

Debt instrument applicable interest rate margins

4.25%

Debt instrument , floor interest rate

1.00%

Debt instrument frequency of payment

Monthly or Quarterly

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

Warranties - Schedule of Change

Warranties - Schedule of Changes in Warranty Liability (Detail) - USD ($) $ in Millions	9 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
Guarantees [Abstract]
Balance at beginning of period	$ 22.6	$ 30.8
Warranty provisions	27.5	17.3
Settlements made	(25.8)	(25.1)
Warranties for current year acquisition	12.2
Divestiture adjustments	(0.7)
Changes in liability of pre-existing warranties	(0.3)	0.1
Balance at end of period	$ 35.5	$ 23.1

Warranties - Accrued Warranty C

Warranties - Accrued Warranty Classified Consolidated Balance Sheets (Detail) - USD ($) $ in Millions	Jul. 31, 2020	Oct. 31, 2019	Jul. 31, 2019	Oct. 31, 2018
Guarantees [Abstract]
Current liabilities	$ 23.7	$ 16.1
Other long-term liabilities	11.8	6.5
Total warranty liability	$ 35.5	$ 22.6	$ 23.1	$ 30.8

Stock Repurchase Program - Addi

Stock Repurchase Program - Additional Information (Detail) - USD ($)	Sep. 05, 2018	Mar. 20, 2018	Jul. 31, 2020	Jul. 31, 2019	Apr. 30, 2019	Jul. 31, 2020	Oct. 31, 2019
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, total cost				$ 3,000,000	$ 5,300,000
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, number of remaining shares purchased			0	222,122	495,475	0	717,597
Stock repurchase program, total cost							$ 8,300,000
Stock repurchase program, average price per share							$ 11.62
Stock repurchase program, remaining authorized, amount			$ 38,300,000			$ 38,300,000
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, 2020	Jul. 31, 2019	Jul. 31, 2020	Jul. 31, 2019
Earnings Per Share [Abstract]
Basic weighted-average common shares outstanding	63,134,486	62,641,436	63,011,955	62,875,677
Dilutive stock options	0	273,717	0	0
Dilutive restricted stock units	0	509,452	0	0
Dilutive performance stock units	0	0	0	0
Diluted weighted-average common shares outstanding	63,134,486	63,424,605	63,011,955	62,875,677

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, 2020	Jul. 31, 2019	Jul. 31, 2020	Jul. 31, 2019
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive common stock equivalents	3,493,183	489,528	4,325,806	2,780,214
Stock Options [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive common stock equivalents	627,600	48,951	779,600	988,551
Restricted Stock Units [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive common stock equivalents	2,865,583	422,169	3,546,206	1,773,255
Performance Stock Units [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive common stock equivalents	0	18,408	0	18,408

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2017	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2020	Jul. 31, 2019	Oct. 31, 2019	Oct. 31, 2018
Income Tax Disclosure [Line Items]
Net operating loss carryforwards							$ 3.5
Estimate income tax effects due to CARES Act		$ 3.5
Federal statutory income tax rate	35.00%			21.00%
Income tax expense (benefit)		$ (0.5)	$ 1.9	$ (13.2)
Pre-tax (income) loss		11.60%	(25.70%)	39.40%	(0.20%)
Net discrete tax expense (benefit) related to net operating loss carrybacks		$ (0.8)		$ (4.6)
Net discrete tax expense (benefit) related to share-based compensation			$ 0.1		$ 0.8
Unrecognized tax benefits		2.8		2.8		$ 2.6
Unrecognized tax benefits that would affect the annual effective income tax rate if recognized		$ 0.4		$ 0.4
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, 2020	Oct. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
Performance, bid and specialty bonds	$ 290.4	$ 229.9
Open standby letters of credit	11.9	14.3
Total	$ 302.3	$ 244.2

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail) - USD ($)	9 Months Ended	12 Months Ended
	Jul. 31, 2020	Oct. 31, 2019
Loss Contingencies [Line Items]
Contingent liability under purchase agreements for future chassis inventory purchases	$ 42,600,000	$ 48,600,000
Repurchase agreement	2 years
Represents the gross value of all vehicles under repurchase agreements	$ 163,600,000	212,500,000
Maximum [Member]
Loss Contingencies [Line Items]
Estimated loss exposure under contract	$ 22,500,000	$ 25,500,000

Business Segment Information -

Business Segment Information - Additional Information (Detail)	9 Months Ended
	Jul. 31, 2020Segment
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, 2020	Jul. 31, 2019	Jul. 31, 2020	Jul. 31, 2019	Oct. 31, 2019
Segment Reporting Information [Line Items]
Net sales	$ 582.2	$ 617	$ 1,661.3	$ 1,750.8
Depreciation and amortization	9.2	10.9	30.9	34.8
Capital expenditures	2	4.7	9.7	14.1
Total assets	1,409.4	1,406.1	1,409.4	1,406.1	$ 1,347.1
Operating Segment [Member] | Fire & Emergency [Member]
Segment Reporting Information [Line Items]
Net sales	306.7	247.7	802.4	699
Depreciation and amortization	3.1	3.6	10.2	10.6
Capital expenditures	1	1.8	5	5
Total assets	766.9	622.8	766.9	622.8
Adjusted EBITDA	12.9	12.1	25.1	35.8
Operating Segment [Member] | Commercial [Member]
Segment Reporting Information [Line Items]
Net sales	92.4	203.8	393.8	514.5
Depreciation and amortization	1.1	2	4.7	6.7
Capital expenditures	0.3	1.4	1.7	3.1
Total assets	205.9	328.5	205.9	328.5
Adjusted EBITDA	10.3	19.4	28.1	39.7
Operating Segment [Member] | Recreation [Member]
Segment Reporting Information [Line Items]
Net sales	182.7	166.7	463.6	542.6
Depreciation and amortization	3.4	3.6	10.2	12
Capital expenditures	0.2	0.6	1.6	3
Total assets	309	336.6	309	336.6
Adjusted EBITDA	12.1	12.8	17.9	39.4
Corporate, Other and Elims [Member]
Segment Reporting Information [Line Items]
Net sales	0.4	(1.2)	1.5	(5.3)
Depreciation and amortization	1.6	1.7	5.8	5.5
Capital expenditures	0.5	0.9	1.4	3
Total assets	127.6	118.2	127.6	118.2
Adjusted EBITDA	$ (13.9)	$ (10.8)	$ (31.5)	$ (32.2)

Business Segment Information _3

Business Segment Information - Reconciliation of Segment Adjusted EBITDA to Net (Loss) Income (Detail) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Jul. 31, 2020	Apr. 30, 2020	Jan. 31, 2020	Jul. 31, 2019	Apr. 30, 2019	Jan. 31, 2019	Jul. 31, 2020	Jul. 31, 2019
Segment Reporting Information [Line Items]
Interest expense, net	$ (5.7)			$ (8.4)			$ (20.3)	$ (24.2)
Benefit (provision) for income taxes	0.5			(1.9)			13.2
Restructuring costs	(2.5)			(1.3)			(6)	(4.2)
Stock-based compensation expense							(7.2)	(7.3)
Loss on sale of business	(0.5)						(9.3)
Gain on acquisition of business							11.9
Impairment charges	(3.7)						(3.7)	(2.8)
Net (loss) income	(3.6)	$ (7.6)	$ (9.4)	5.6	$ 5.6	$ (14.6)	(20.3)	(3.3)
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	(13.9)			(10.8)			(31.5)	(32.2)
Operating Segment [Member] | Fire & Emergency [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	12.9			12.1			25.1	35.8
Operating Segment [Member] | Commercial [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	10.3			19.4			28.1	39.7
Operating Segment [Member] | Recreation [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	12.1			12.8			17.9	39.4
Reconciling Items [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	(9.2)			(10.9)			(30.9)	(34.8)
Interest expense, net	(5.7)			(8.4)			(20.3)	(24.2)
Benefit (provision) for income taxes	0.5			(1.9)			13.2
Transaction expenses	(0.6)			(0.5)			(2.6)	(0.7)
Sponsor expense reimbursement	(0.1)						(0.2)	(0.6)
Restructuring costs	(2.5)			(1.3)			(6)	(4.2)
Restructuring related charges	(0.7)						(3.9)
Stock-based compensation expense	(1.8)			(2.5)			(7.2)	(7.3)
Legal matters	(0.1)			(0.8)			(1.6)	(5.3)
Loss on sale of business	(0.5)						(9.3)
Gain on acquisition of business							11.9
Impairment charges	(3.7)						(3.7)	(2.8)
(Losses) earnings attributable to assets held for sale	$ (0.6)			(1)			0.8	(3.3)
Deferred purchase price payment				$ (0.6)			$ (0.1)	$ (2.8)