Nordson (NDSN) 10-Q 4 Sep 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - Jul. 31, 2015 - shares	Total
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	NDSN
Entity Registrant Name	NORDSON CORP
Entity Central Index Key	72,331
Current Fiscal Year End Date	--10-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	60,262,795

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Income Statement [Abstract]
Sales	$ 462,731	$ 458,550	$ 1,242,466	$ 1,235,431
Operating costs and expenses:
Cost of sales	214,239	201,039	563,363	547,586
Selling and administrative expenses	145,642	143,056	437,021	426,697
Total operating costs and expenses	359,881	344,095	1,000,384	974,283
Operating profit	102,850	114,455	242,082	261,148
Other income (expense):
Interest expense	(4,504)	(3,810)	(12,907)	(10,917)
Interest and investment income	111	137	349	466
Other - net	2	(236)	(787)	(851)
Total other income (expense)	(4,391)	(3,909)	(13,345)	(11,302)
Income before income taxes	98,459	110,546	228,737	249,846
Income taxes	29,071	32,667	67,250	75,153
Net income	$ 69,388	$ 77,879	$ 161,487	$ 174,693
Average common shares	60,578	63,482	61,235	63,888
Incremental common shares attributable to outstanding stock options, restricted stock, and deferred stock-based compensation	521	659	524	631
Average common shares and common share equivalents	61,099	64,141	61,759	64,519
Basic earnings per share	$ 1.15	$ 1.23	$ 2.64	$ 2.73
Diluted earnings per share	1.14	1.21	2.61	2.71
Dividends declared per share	$ 0.22	$ 0.18	$ 0.66	$ 0.54

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 69,388	$ 77,879	$ 161,487	$ 174,693
Components of other comprehensive income (loss):
Translation adjustments	(12,003)	(4,769)	(42,564)	(3,517)
Amortization of prior service cost and net actuarial losses, net of tax	2,045	1,722	6,333	5,180
Total other comprehensive income (loss)	(9,958)	(3,047)	(36,231)	1,663
Total comprehensive income	$ 59,430	$ 74,832	$ 125,256	$ 176,356

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets ( UNAUDITED) - USD ($) $ in Thousands	Jul. 31, 2015	Oct. 31, 2014
Current assets:
Cash and cash equivalents	$ 61,000	$ 42,314
Receivables - net	375,752	365,844
Inventories - net	228,829	210,871
Deferred income taxes	29,832	29,926
Prepaid expenses	25,944	23,728
Total current assets	721,357	672,683
Property, plant and equipment - net	244,303	224,439
Goodwill	1,047,086	1,052,537
Intangible assets - net	267,039	291,310
Deferred income taxes	3,099	6,559
Other assets	33,473	32,602
Total assets	2,316,357	2,280,130
Current liabilities:
Notes payable	5,106	106,181
Accounts payable	60,816	68,500
Income taxes payable	31,001	16,586
Accrued liabilities	114,257	137,001
Customer advanced payments	32,083	25,578
Current maturities of long-term debt	10,743	10,751
Deferred income taxes	1,919	1,163
Current obligations under capital leases	4,690	5,108
Total current liabilities	260,615	370,868
Long-term debt	922,732	682,868
Deferred income taxes	89,124	87,092
Pension obligations	110,938	124,082
Postretirement obligations	70,194	68,300
Other long-term liabilities	42,329	42,123
Shareholders' equity:
Common shares	12,253	12,253
Capital in excess of stated value	343,742	328,605
Retained earnings	1,681,987	1,560,966
Accumulated other comprehensive loss	(139,430)	(103,199)
Common shares in treasury, at cost	(1,078,127)	(893,828)
Total shareholders' equity	820,425	904,797
Total liabilities and shareholders' equity	$ 2,316,357	$ 2,280,130

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Cash flows from operating activities:
Net income	$ 161,487	$ 174,693
Depreciation and amortization	49,071	43,839
Non-cash stock compensation	11,373	13,494
Deferred income taxes	2,577	(709)
Other non-cash expense	535	328
Loss on sale of property, plant and equipment	30	194
Tax benefit from the exercise of stock options	(2,538)	(4,127)
Changes in operating assets and liabilities	(55,241)	(44,754)
Net cash provided by operating activities	167,294	182,958
Cash flows from investing activities:
Additions to property, plant and equipment	(48,898)	(27,936)
Proceeds from sale of property, plant and equipment	488	278
Equity investments	(1,479)	(854)
Acquisition of business, net of cash acquired	(14,936)
Net cash used in investing activities	(64,825)	(28,512)
Cash flows from financing activities:
Proceeds from short-term borrowings	59,854	8,673
Repayment of short-term borrowings	(160,814)	(2,778)
Proceeds from long-term debt	506,941	49,272
Repayment of long-term debt	(259,188)	(74,030)
Repayment of capital lease obligations	(4,724)	(4,629)
Issuance of common shares	4,673	5,870
Purchase of treasury shares	(187,746)	(94,410)
Tax benefit from the exercise of stock options	2,538	4,127
Dividends paid	(40,466)	(34,525)
Net cash used in financing activities	(78,932)	(142,430)
Effect of exchange rate changes on cash	(4,851)	(1,168)
Increase in cash and cash equivalents	18,686	10,848
Cash and cash equivalents:
Beginning of year	42,314	42,375
End of quarter	$ 61,000	$ 53,223

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies	1. Significant accounting policies Basis of presentation Basis of consolidation Use of estimates Revenue recognition A relative selling price hierarchy exists for determining the selling price of deliverables in multiple deliverable arrangements. Vendor specific objective evidence (VSOE) is used, if available. Third-party evidence (TPE) is used if VSOE is not available, and best estimated selling price is used if neither VSOE nor TPE is available. Our multiple deliverable arrangements include installation, installation supervision, training, and spare parts, which tend to be completed in a short period of time, at an insignificant cost, and utilizing skills not unique to us, and, therefore, are typically regarded as inconsequential or perfunctory. Revenue for undelivered items is deferred and included within accrued liabilities in the accompanying balance sheet. Revenues deferred in 2015 and 2014 were not material. Earnings per share .

Recently Issued Accounting Stan

Recently Issued Accounting Standards	9 Months Ended
	Jul. 31, 2015
Accounting Changes And Error Corrections [Abstract]
Recently Issued Accounting Standards	2. Recently issued accounting standards In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard regarding revenue recognition. Under this standard, a company recognizes revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The standard implements a five-step process for customer contract revenue recognition that focuses on transfer of control. In August 2015 In April 2015, the FASB issued a new standard regarding the presentation of debt issuance costs. Under this standard, a company is required to present unamortized debt issuance costs related to a recognized debt liability in the balance sheet as a direct deduction from the carrying amount of that debt liability, rather than as a separate asset. The recognition and measurement guidance for debt issuance costs are not affected by this new standard. It In July 2015, the FASB issued a new standard regarding the measurement of inventory. Under this standard, inventory that is measured using the first-in, first-out (“FIFO”) or average cost methods is required to be measured at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. This standard does not impact inventory measured on a last-in, last-out (“LIFO”) method. It will be effective for us beginning in 2017. We are currently assessing the impact this standard will have on our consolidated financial statements.

Severance and Restructuring Cos

Severance and Restructuring Costs	9 Months Ended
	Jul. 31, 2015
Restructuring And Related Activities [Abstract]
Severance and Restructuring Costs	3. Severance and restructuring costs In order to enhance operational efficiency and customer service within the Advanced Technology Systems segment in the United States and Germany, a restructuring initiative resulted in severance costs of $1,429 during the three months ended July 31, 2015, as well as one-time lease termination costs of $890. No severance payments related to these actions were paid during the third quarter of 2015.

Acquisitions

Acquisitions	9 Months Ended
	Jul. 31, 2015
Business Combinations [Abstract]
Acquisitions	4 . Acquisitions On June 15, 2015, we purchased 100 percent of the outstanding shares of Liquidyn GmbH (Liquidyn), a German based manufacturer of micro dispensing systems, including micro dispensing pneumatic valves, controllers, and process equipment used in the electronics, automobile, medical, packaging, furniture and aerospace markets. We acquired Liquidyn for an aggregate purchase price of $14,565, net of cash acquired of $656. Based on the fair value of the assets acquired and the liabilities assumed, goodwill of $10,725 and identifiable intangible assets of $3,991 were recorded. The identifiable intangible assets consist primarily of $1,285 of customer relationships (amortized over 6 years), $1,049 of tradenames (amortized over 11 years), $1,421 of technology (amortized over 5 years) and $236 of non-compete agreements (amortized over 2 years). Goodwill associated with this acquisition is not tax deductible. This acquisition is being reported in our Advanced Technology Systems segment. As of July 31, 2015, the purchase price allocations remain preliminary as we complete our assessments of deferred taxes and certain reserves.

Inventories

Inventories	9 Months Ended
	Jul. 31, 2015
Inventory Disclosure [Abstract]
Inventories	5 . Inventories At July 31, 2015 and October 31, 2014, inventories consisted of the following: July 31, 2015 October 31, 2014 Raw materials and component parts $ 97,728 $ 86,573 Work-in-process 35,586 27,994 Finished goods 130,805 130,544 264,119 245,111 Obsolescence and other reserves (27,527 ) (26,744 ) LIFO reserve (7,763 ) (7,496 ) $ 228,829 $ 210,871

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Jul. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	6 . Goodwill and other intangible assets Changes in the carrying amount of goodwill for the nine months ended July 31, 2015 by operating segment are as follows: Adhesive Systems Advanced Systems Industrial Systems Total Balance at October 31, 2014 $ 397,046 $ 631,433 $ 24,058 $ 1,052,537 Acquisitions — 10,725 — 10,725 Adjustment — 371 — 371 Currency effect (14,745 ) (1,802 ) — (16,547 ) Balance at July 31, 2015 $ 382,301 $ 640,727 $ 24,058 $ 1,047,086 Accumulated impairment losses, which were recorded in 2009, were $232,789 at July 31, 2015 and October 31, 2014. Of these losses, $229,173 related to the Advanced Technology Systems segment, and $3,616 related to the Industrial Coating Systems segment. Information regarding our intangible assets subject to amortization is as follows: July 31, 2015 Carrying Accumulated Amortization Net Book Value Customer relationships $ 194,429 $ 52,315 $ 142,114 Patent/technology costs 92,836 31,125 61,711 Trade name 78,395 15,685 62,710 Non-compete agreements 8,182 7,687 495 Other 1,360 1,351 9 Total $ 375,202 $ 108,163 $ 267,039 October 31, 2014 Carrying Accumulated Amortization Net Book Value Customer relationships $ 200,028 $ 41,910 $ 158,118 Patent/technology costs 93,799 27,030 66,769 Trade name 77,846 12,173 65,673 Non-compete agreements 8,220 7,600 620 Other 1,369 1,239 130 Total $ 381,262 $ 89,952 $ 291,310 Amortization expense for the three months ended July 31, 2015 and 2014 was $6,871 and $6,150, respectively. Amortization expense for the nine months ended July 31, 2015 and 2014 was $20,558 and $18,790, respectively.

Pension and Other Postretiremen

Pension and Other Postretirement Plans	9 Months Ended
	Jul. 31, 2015
Compensation And Retirement Disclosure [Abstract]
Pension and Other Postretirement Plans	7 . Pension and other postretirement plans The components of net periodic pension cost for the three and nine months ended July 31, 2015 and July 31, 2014 were: U.S. International Three Months Ended 2015 2014 2015 2014 Service cost $ 2,716 $ 2,018 $ 697 $ 691 Interest cost 3,761 3,480 641 783 Expected return on plan assets (4,579 ) (4,324 ) (405 ) (430 ) Amortization of prior service cost (credit) 30 59 (22 ) (20 ) Amortization of net actuarial loss 2,443 1,985 492 384 Total benefit cost $ 4,371 $ 3,218 $ 1,403 $ 1,408 U.S. International Nine Months Ended 2015 2014 2015 2014 Service cost $ 8,147 $ 6,053 $ 2,130 $ 2,102 Interest cost 11,284 10,441 1,940 2,392 Expected return on plan assets (13,737 ) (12,972 ) (1,217 ) (1,309 ) Amortization of prior service cost (credit) 90 177 (68 ) (59 ) Amortization of net actuarial loss 7,329 5,955 1,801 1,170 Settlement loss — — 1,275 — Total benefit cost $ 13,113 $ 9,654 $ 5,861 $ 4,296 The components of other postretirement benefit cost for the three and nine months ended July 31, 2015 and July 31, 2014 were: U.S. International Three Months Ended 2015 2014 2015 2014 Service cost $ 225 $ 259 $ 7 $ 7 Interest cost 744 766 9 9 Amortization of prior service credit (110 ) (112 ) — — Amortization of net actuarial (gain) loss 289 358 — (3 ) Total benefit cost $ 1,148 $ 1,271 $ 16 $ 13 U.S. International Nine Months Ended 2015 2014 2015 2014 Service cost $ 675 $ 778 $ 22 $ 22 Interest cost 2,232 2,297 27 28 Amortization of prior service credit (329 ) (337 ) — — Amortization of net actuarial (gain) loss 866 1,076 — (10 ) Total benefit cost $ 3,444 $ 3,814 $ 49 $ 40

Income Taxes

Income Taxes	9 Months Ended
	Jul. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	8 . Income taxes We record our interim provision for income taxes based on our estimated annual effective tax rate, as well as certain items discrete to the current period. The effective tax rates for the three and nine month periods ended July 31, 2015 were 29.5% and 29.4%, respectively. During the three months ended July 31, 2015, we recorded an adjustment related to our 2014 tax provision that reduced income taxes by $600. On December 19, 2014, the Tax Increase Prevention Act of 2014 was enacted which retroactively reinstated the Federal Research and Development Tax Credit (Federal R&D Tax Credit) from January 1, 2014 to December 31, 2014 and extended certain other tax provisions. As a result, our income tax provision for the nine months ended July 31, 2015 included discrete tax benefits of $2,286 primarily related to 2014. The effective tax rate for both the three and nine month periods ended July 31, 2014 was 29.5% and 30.1%, respectively. During the three months ended July 31, 2014, we recorded an adjustment related to our 2013 tax provision that reduced income taxes by $550. Additionally, we recorded a tax benefit of $500 related to an adjustment to deferred taxes resulting from a state income tax rate deduction.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Jul. 31, 2015
Equity [Abstract]
Accumulated Other Comprehensive Loss	9 . Accumulated other comprehensive loss The components of accumulated other comprehensive loss, including adjustments for items that are reclassified from accumulated other comprehensive loss to net income, are shown below. Cumulative Pension and Accumulated translation postretirement benefit other comprehensive adjustments plan adjustments loss Balance at October 31, 2014 $ 2,727 $ (105,926 ) $ (103,199 ) Pension and postretirement plan changes, net of tax of $(3,398) — 6,333 6,333 Currency translation losses (42,564 ) — (42,564 ) Balance at July 31, 2015 $ (39,837 ) $ (99,593 ) $ (139,430 )

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Jul. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	10 . Stock-based compensation During the 2013 Annual Meeting of Shareholders, our shareholders approved the 2012 Stock Incentive and Award Plan (the “2012 Plan”). The 2012 Plan provides for the granting of stock options, stock appreciation rights, restricted shares, performance shares, stock purchase rights, stock equivalent units, cash awards and other stock or performance-based incentives. A maximum of 2,900 common shares is available for grant under the Plan. Stock Options Nonqualified or incentive stock options may be granted to our employees and directors. Generally, options granted to employees may be exercised beginning one year from the date of grant at a rate not exceeding 25 percent per year and expire 10 years from the date of grant. Vesting accelerates upon the occurrence of events that involve or may result in a change of control. For grants made prior to November 2012, vesting ceases upon retirement, death and disability, and unvested shares are forfeited. For grants made during and after November 2012, in the event of termination of employment due to early retirement or normal retirement at age 65, options granted within 12 months prior to termination are forfeited, and vesting continues post retirement for all other unvested options granted. In the event of disability or death, all unvested stock options fully vest. Termination for any other reason results in forfeiture of unvested options and vested options in certain circumstances. The amortized cost of options is accelerated if the retirement eligibility date occurs before the normal vesting date. Option exercises are satisfied through the issuance of treasury shares on a first-in, first-out basis. We recognized compensation expense related to stock options of $2,088 and $2,358 in the three months ended July 31, 2015 and 2014, respectively. Corresponding amounts for the nine months ended July 31, 2015 and 2014 were $6,659 and $8,202, respectively. The following table summarizes activity related to stock options for the nine months ended July 31, 2015: Number of Options Weighted-Average Exercise Share Aggregate Intrinsic Value Weighted Average Remaining Term Outstanding at October 31, 2014 1,686 $ 42.77 Granted 316 $ 79.66 Exercised (176 ) $ 29.14 Forfeited or expired (29 ) $ 67.85 Outstanding at July 31, 2015 1,797 $ 50.18 $ 44,699 6.2 years Vested or expected to vest at July 31, 2015 1,780 $ 49.92 $ 44,675 6.2 years Exercisable at July 31, 2015 1,075 $ 37.05 $ 39,833 4.8 years As of July 31, 2015, there was $7,180 of total unrecognized compensation cost related to nonvested stock options. That cost is expected to be amortized over a weighted average period of approximately 1.4 years. The fair value of each option grant was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions: Nine months ended July 31, 2015 July 31, 2014 Expected volatility 30.3%-39.5% 40.1%-44.7% Expected dividend yield 1.06%-1.10% 0.98%-1.03% Risk-free interest rate 1.57%-1.85% 1.51%-1.79% Expected life of the option (in years) 5.4-6.1 5.4-6.1 The weighted-average expected volatility used to value the 2015 and 2014 options was 34.3%, and 44.5%, respectively. Historical information was the primary basis for the selection of the expected volatility, expected dividend yield and the expected lives of the options. The risk-free interest rate was selected based upon yields of U.S. Treasury issues with a term equal to the expected life of the option being valued. The weighted average grant date fair value of stock options granted during the nine months ended July 31, 2015 and 2014 was $24.63 and $27.92, respectively. The total intrinsic value of options exercised during the three months ended July 31, 2015 and 2014 was $2,554 and $7,330, respectively. The total intrinsic value of options exercised during the nine months ended July 31, 2015 and 2014 was $8,733 and $13,291, respectively. Cash received from the exercise of stock options for the nine months ended July 31, 2015 and 2014 was $4,673 and $5,870, respectively. The tax benefit realized from tax deductions from exercises for the nine months ended July 31, 2015 and 2014 was $2,538 and $4,127, respectively. Restricted Shares and Restricted Share Units We may grant restricted shares and/or restricted share units to our employees and directors. These shares or units may not be transferred for a designated period of time (generally one to three years) defined at the date of grant. For employee recipients, in the event of termination of employment due to early retirement, restricted shares granted within 12 months prior to termination are forfeited, and other restricted shares vest on a pro-rata basis. In the event of termination of employment due to retirement at normal retirement age, restricted shares granted within 12 months prior to termination are forfeited, and, for other restricted shares, the restriction period will terminate and the shares will vest and be transferable. Restrictions lapse in the event of a recipient’s disability or death. Termination for any other reason prior to the lapse of any restrictions results in forfeiture of the shares. For non-employee directors, all restrictions lapse in the event of disability or death of the non-employee director. Termination of service as a director for any other reason within one year of date of grant results in a pro-rata vesting of shares or units. As shares or units are issued, deferred stock-based compensation equivalent to the fair market value on the date of grant is expensed over the vesting period. Tax benefits arising from the lapse of restrictions are recognized when realized and credited to capital in excess of stated value. The following table summarizes activity related to restricted shares during the nine months ended July 31, 2015: Number of Shares Weighted-Average Grant Date Fair Value Restricted shares at October 31, 2014 71 $ 63.53 Granted 22 $ 79.60 Forfeited (2 ) $ 69.48 Vested (34 ) $ 57.23 Restricted shares at July 31, 2015 57 $ 73.44 As of July 31, 2015, there was $2,454 of unrecognized compensation cost related to restricted shares. The cost is expected to be amortized over a weighted average period of 1.9 years. The amount charged to expense related to restricted shares during the three months ended July 31, 2015 and 2014 was $465 and $458, respectively. These amounts included common share dividends for the three months ended July 31, 2015 and 2014 of $13 and $12, respectively. For the nine months ended July 31, 2015 and 2014, the amounts charged to expense related to restricted shares were $1,401 and $1,353, respectively. These amounts included common share dividends for the nine months ended July 31, 2015 and 2014 of $38 and $37, respectively. The following table summarizes activity related to restricted share units during the nine months ended July 31, 2015: Number of Units Weighted-Average Grant Date Fair Value Restricted share units at October 31, 2014 5 $ 61.59 Granted 13 $ 76.19 Vested (5 ) $ 61.59 Restricted share units at July 31, 2015 13 $ 76.19 As of July 31, 2015, there was $240 of remaining expense to be recognized related to outstanding restricted share units, which is expected to be recognized over a weighted average period of 0.3 years. The amount charged to expense related to restricted share units during the three months ended July 31, 2015 and 2014 was $243 and $222, respectively. For the nine months ended July 31, 2015 and 2014, the amounts were $729 and $667, respectively. Deferred Directors’ Compensation Non-employee directors may defer all or part of their cash and equity-based compensation until retirement. Cash compensation may be deferred as cash or as share equivalent units. Deferred cash amounts are recorded as liabilities, and share equivalent units are recorded as equity. Additional share equivalent units are earned when common share dividends are declared. The following table summarizes activity related to director deferred compensation share equivalent units during the nine months ended July 31, 2015: Number of Shares Weighted-Average Grant Date Fair Value Outstanding at October 31, 2014 110 $ 29.74 Restricted share units vested 5 $ 61.59 Dividend equivalents 1 $ 76.31 Distributions (20 ) $ 21.46 Outstanding at July 31, 2015 96 $ 33.72 The amount charged to expense related to director deferred compensation for the three months ended July 31, 2015 and 2014 was $22 and $23, respectively. For the nine months ended July 31, 2015 and 2014, the corresponding amounts were $69 and $75, respectively. Performance Share Incentive Awards Executive officers and selected other key employees are eligible to receive common share-based incentive awards. Payouts, in the form of unrestricted common shares, vary based on the degree to which corporate financial performance exceeds predetermined threshold, target and maximum performance levels over three-year performance periods. No payout will occur unless certain threshold performance objectives are exceeded. The amount of compensation expense is based upon current performance projections for each three-year period and the percentage of the requisite service that has been rendered. The calculations are also based upon the grant date fair value determined using the closing market price of our common shares at the grant date, reduced by the implied value of dividends not to be paid. This value was $76.48 per share for 2015, $69.25 per share for 2014 and $59.59 per share for 2013. During the three months ended July 31, 2015, $67 was credited to expense, and for the three months ended July 31, 2014, $699 was charged to expense. For the nine months ended July 31, 2015 and 2014, the corresponding amounts charged to expense were $2,424 and $3,144, respectively. The cumulative amount recorded in shareholders’ equity at July 31, 2015 was $6,526. Deferred Compensation Our executive officers and other highly compensated employees may elect to defer up to 100% of their base pay and cash incentive compensation and, for executive officers, up to 90% of their performance share-based incentive payout each year. Additional share units are credited for quarterly dividends paid on our common shares. Expense related to dividends paid under this plan for the three months ended July 31, 2015 and 2014 was $45 and $32, respectively. For the nine months ended July 31, 2015 and 2014, the corresponding amounts were $129 and $90, respectively.

Warranties

Warranties	9 Months Ended
	Jul. 31, 2015
Guarantees [Abstract]
Warranties	11 . Warranties We offer warranties to our customers depending on the specific product and terms of the customer purchase agreement. A typical warranty program requires that we repair or replace defective products within a specified time period (generally one year) from the date of delivery or first use. We record an estimate for future warranty-related costs based on actual historical return rates. Based on analysis of return rates and other factors, the adequacy of our warranty provisions are adjusted as necessary. The liability for warranty costs is included in accrued liabilities in the Consolidated Balance Sheet. Following is a reconciliation of the product warranty liability for the nine months ended July 31, 2015 and 2014: July 31, 2015 July 31, 2014 Beginning balance at October 31 $ 9,918 $ 9,409 Accruals for warranties 9,136 7,054 Warranty assumed from acquisitions 11 — Warranty payments (8,052 ) (6,744 ) Currency effect (432 ) (35 ) Ending balance $ 10,581 $ 9,684

Operating Segments

Operating Segments	9 Months Ended
	Jul. 31, 2015
Segment Reporting [Abstract]
Operating Segments	1 2 . Operating segments We conduct business across three primary business segments: Adhesive Dispensing Systems, Advanced Technology Systems, and Industrial Coating Systems. The composition of segments and measure of segment profitability is consistent with that used by our chief operating decision maker. The primary measure used by the chief operating decision maker for purposes of making decisions about allocating resources to the segments and assessing performance is operating profit, which equals sales less cost of sales and certain operating expenses. Items below the operating profit line of the Consolidated Statement of Income (interest and investment income, interest expense and other income/expense) are excluded from the measure of segment profitability reviewed by our chief operating decision maker and are not presented by operating segment. The accounting policies of the segments are generally the same as those described in Note 1, Significant Accounting Policies, of our annual report on Form 10-K for the year ended October 31, 2014. The following table presents information about our reportable segments: Adhesive Advanced Industrial Corporate Total Three months ended July 31, 2015 Net external sales $ 211,649 $ 184,888 $ 66,194 $ — $ 462,731 Operating profit (loss) 54,854 44,633 (a) 12,326 (8,963 ) 102,850 Three months ended July 31, 2014 Net external sales $ 226,762 $ 174,636 $ 57,152 $ — $ 458,550 Operating profit (loss) 60,806 56,444 7,471 (10,266 ) 114,455 Nine months ended July 31, 2015 Net external sales $ 609,135 $ 446,588 $ 186,743 $ — $ 1,242,466 Operating profit (loss) 148,963 96,221 (a) 27,604 (30,706 ) 242,082 Nine months ended July 31, 2014 Net external sales $ 668,187 $ 399,805 $ 167,439 $ — $ 1,235,431 Operating profit (loss) 171,425 (b) 97,664 (c) 21,762 (29,703 ) 261,148 ( a ) Includes $2,319 of severance and restructuring costs in the three and nine months ended July 31, 2015. (b) Includes $699 of severance and restructuring costs in the nine months ended July 31, 2014. ( c ) Includes $579 of severance and restructuring costs in the nine months ended July 31, 2014. A reconciliation of total segment operating income to total consolidated income before income taxes is as follows: Three Months Ended Nine Months Ended July 31, 2015 July 31, 2014 July 31, 2015 July 31, 2014 Total profit for reportable segments $ 102,850 $ 114,455 $ 242,082 $ 261,148 Interest expense (4,504 ) (3,810 ) (12,907 ) (10,917 ) Interest and investment income 111 137 349 466 Other-net 2 (236 ) (787 ) (851 ) Income before income taxes $ 98,459 $ 110,546 $ 228,737 $ 249,846 We have significant sales in the following geographic regions: Three Months Ended Nine Months Ended July 31, 2015 July 31, 2014 July 31, 2015 July 31, 2014 United States $ 129,290 $ 119,705 $ 392,144 $ 360,904 Americas 34,929 31,296 94,225 89,705 Europe 120,580 126,639 334,244 365,172 Japan 26,647 34,593 76,679 89,727 Asia Pacific 151,285 146,317 345,174 329,923 Total net external sales $ 462,731 $ 458,550 $ 1,242,466 $ 1,235,431

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jul. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	1 3 . Fair value measurements The inputs to the valuation techniques used to measure fair value are classified into the following categories: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs that are not corroborated by market data. The following table presents the classification of our assets and liabilities measured at fair value on a recurring basis at July 31, 2015: Total Level 1 Level 2 Level 3 Assets: Foreign currency forward contracts (a) 5,610 — 5,610 — Total assets at fair value $ 5,610 $ — $ 5,610 $ — Liabilities: Deferred compensation plans (b) $ 10,026 $ — $ 10,026 $ — Foreign currency forward contracts (a) 5,298 — 5,298 — Total liabilities at fair value $ 15,324 $ — $ 15,324 $ — (a) We enter into foreign currency forward contracts to reduce the risk of foreign currency exposures resulting from receivables, payables, intercompany receivables, intercompany payables and loans denominated in foreign currencies. Foreign currency forward contracts are valued using market exchange rates. Foreign currency forward contracts are not designated as hedges. (b) Executive officers and other highly compensated employees may defer up to 100 percent of their salary and annual cash incentive award and for executive officers, up to 90 percent of their long-term performance share incentive award,

Financial Instruments

Financial Instruments	9 Months Ended
	Jul. 31, 2015
Investments All Other Investments [Abstract]
Financial Instruments	1 4 . Financial instruments We operate internationally and enter into intercompany transactions denominated in foreign currencies. Consequently, we are subject to market risk arising from exchange rate movements between the dates foreign currencies are recorded and the dates they are settled. We regularly use foreign currency forward contracts to reduce our risks related to most of these transactions. These contracts usually have maturities of 90 days or less and generally require us to exchange foreign currencies for U.S. dollars at maturity, at rates stated in the contracts. These contracts are not designated as hedging instruments. We do not use financial instruments for trading or speculative purposes. Gains and losses on foreign currency forward contracts are recorded in “Other – net” on the Consolidated Statement of Income together with the transaction gain or loss from the hedged balance sheet position. For the three months ended July 31, 2015, we recognized losses of $2,701 on foreign currency forward contracts and gains of $3,085 from the change in fair value of balance sheet positions. For the three months ended July 31, 2014, we recognized losses of $285 on foreign currency forward contracts and gains of $267 from the change in fair value of balance sheet positions. For the nine months ended July 31, 2015, we recognized losses of $1,198 on foreign currency forward contracts and gains of $1,020 from the change in fair value of balance sheet positions. For the nine months ended July 31, 2014, we recognized losses of $2,614 on foreign currency forward contracts and gains of $2,448 from the change in fair value of balance sheet positions. The following table summarizes, by currency, the foreign currency forward contracts outstanding at July 31, 2015 : Sell Buy Notional Amounts Fair Market Value Notional Amounts Fair Market Value Euro $ 370,973 $ 361,188 $ 355,289 $ 348,063 British pound 84,196 84,382 64,146 64,046 Japanese yen 28,212 27,741 19,589 19,209 Australian dollar 192 183 7,583 7,001 Hong Kong dollar 46,624 46,611 108,693 108,663 Singapore dollar — — 10,850 10,533 Others 2,819 2,716 29,315 28,067 Total $ 533,016 $ 522,821 $ 595,465 $ 585,582 The carrying amounts and fair values of financial instruments at July 31, 2015, other than receivables and accounts payable, are shown in the table below. The carrying values of receivables and accounts payable approximate fair value due to the short-term nature of these instruments. Carrying Amount Fair Value Cash and cash equivalents $ 61,000 $ 61,000 Notes payable 5,106 5,106 Long-term debt, including current maturities 933,475 930,388 Foreign currency forward contracts (net) 312 312 We used the following methods and assumptions in estimating the fair value of financial instruments: · Cash, cash equivalents and notes payable are valued at their carrying amounts due to the relatively short period to maturity of the instruments. · Long-term debt is valued by discounting future cash flows at currently available rates for borrowing arrangements with similar terms and conditions, which are considered to be Level 2 inputs under the fair value hierarchy. · Foreign currency forward contracts are valued using observable market based inputs, which are considered to be Level 2 inputs under the fair value hierarchy.

Contingencies

Contingencies	9 Months Ended
	Jul. 31, 2015
Commitments And Contingencies Disclosure [Abstract]
Contingencies	1 5 . Contingencies We are involved in pending or potential litigation regarding environmental, product liability, patent, contract, employee and other matters arising from the normal course of business. Including the environmental matter discussed below, it is our opinion, after consultation with legal counsel, that resolutions of these matters are not expected to result in a material effect on our financial condition, quarterly or annual operating results or cash flows. We have voluntarily agreed with the City of New Richmond, Wisconsin and other Potentially Responsible Parties to share costs associated with the remediation of the City of New Richmond municipal landfill (the “Site”) and the construction of a potable water delivery system serving the impacted area down gradient of the Site. At July 31, 2015 and October 31, 2014 our accrual for the ongoing operation, maintenance and monitoring obligation at the Site was $565 and $615, respectively. The liability for environmental remediation represents management’s best estimate of the probable and reasonably estimable undiscounted costs related to known remediation obligations. The accuracy of our estimate of environmental liability is affected by several uncertainties such as additional requirements that may be identified in connection with remedial activities, the complexity and evolution of environmental laws and regulations, and the identification of presently unknown remediation requirements. Consequently, our liability could be greater than our current estimate. However, we do not expect that the costs associated with remediation will have a material adverse effect on our financial condition or results of operations.

Subsequent Events

Subsequent Events	9 Months Ended
	Jul. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	1 6 . Subsequent events On August 3, 2015, we purchased 100 percent of the outstanding shares of WAFO Produktionsgesellschaft GmbH (WAFO), a German based manufacturer and refurbisher of screws and barrels for the synthetic material and rubber industries. WAFO will be reported in our Adhesives Dispensing Systems segment. We acquired WAFO for an aggregate purchase price of €7,000, subject to certain adjustments, and financed this acquisition from existing cash. On September 1, 2015, we purchased 100 percent of the outstanding shares of MatriX Technologies GmbH (MatriX), a German based developer of automated in-line and off-line x-ray tools and solutions used for inspection applications. MatriX will be reported in our Advanced Technology Systems segment. We acquired MatriX for an aggregate purchase price of €46,000, subject to certain adjustments, and financed this acquisition through existing lines of credit.

Significant Accounting Polici22

Significant Accounting Policies (Policies)	9 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of presentation
Basis of Consolidation	Basis of consolidation
Use of Estimates	Use of estimates
Revenue Recognition	Revenue recognition A relative selling price hierarchy exists for determining the selling price of deliverables in multiple deliverable arrangements. Vendor specific objective evidence (VSOE) is used, if available. Third-party evidence (TPE) is used if VSOE is not available, and best estimated selling price is used if neither VSOE nor TPE is available. Our multiple deliverable arrangements include installation, installation supervision, training, and spare parts, which tend to be completed in a short period of time, at an insignificant cost, and utilizing skills not unique to us, and, therefore, are typically regarded as inconsequential or perfunctory. Revenue for undelivered items is deferred and included within accrued liabilities in the accompanying balance sheet. Revenues deferred in 2015 and 2014 were not material.
Earnings Per Share	Earnings per share .

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jul. 31, 2015
Inventory Disclosure [Abstract]
Schedule of Inventories	At July 31, 2015 and October 31, 2014, inventories consisted of the following: July 31, 2015 October 31, 2014 Raw materials and component parts $ 97,728 $ 86,573 Work-in-process 35,586 27,994 Finished goods 130,805 130,544 264,119 245,111 Obsolescence and other reserves (27,527 ) (26,744 ) LIFO reserve (7,763 ) (7,496 ) $ 228,829 $ 210,871

Goodwill and Other Intangible24

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Jul. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Changes in Carrying Amount of Goodwill	Changes in the carrying amount of goodwill for the nine months ended July 31, 2015 by operating segment are as follows: Adhesive Systems Advanced Systems Industrial Systems Total Balance at October 31, 2014 $ 397,046 $ 631,433 $ 24,058 $ 1,052,537 Acquisitions — 10,725 — 10,725 Adjustment — 371 — 371 Currency effect (14,745 ) (1,802 ) — (16,547 ) Balance at July 31, 2015 $ 382,301 $ 640,727 $ 24,058 $ 1,047,086
Summary of Intangible Assets Subject to Amortization	Information regarding our intangible assets subject to amortization is as follows: July 31, 2015 Carrying Accumulated Amortization Net Book Value Customer relationships $ 194,429 $ 52,315 $ 142,114 Patent/technology costs 92,836 31,125 61,711 Trade name 78,395 15,685 62,710 Non-compete agreements 8,182 7,687 495 Other 1,360 1,351 9 Total $ 375,202 $ 108,163 $ 267,039 October 31, 2014 Carrying Accumulated Amortization Net Book Value Customer relationships $ 200,028 $ 41,910 $ 158,118 Patent/technology costs 93,799 27,030 66,769 Trade name 77,846 12,173 65,673 Non-compete agreements 8,220 7,600 620 Other 1,369 1,239 130 Total $ 381,262 $ 89,952 $ 291,310

Pension and Other Postretirem25

Pension and Other Postretirement Plans (Tables)	9 Months Ended
	Jul. 31, 2015
Pension Cost [Member]
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Components of Net Periodic Benefits Cost	The components of net periodic pension cost for the three and nine months ended July 31, 2015 and July 31, 2014 were: U.S. International Three Months Ended 2015 2014 2015 2014 Service cost $ 2,716 $ 2,018 $ 697 $ 691 Interest cost 3,761 3,480 641 783 Expected return on plan assets (4,579 ) (4,324 ) (405 ) (430 ) Amortization of prior service cost (credit) 30 59 (22 ) (20 ) Amortization of net actuarial loss 2,443 1,985 492 384 Total benefit cost $ 4,371 $ 3,218 $ 1,403 $ 1,408 U.S. International Nine Months Ended 2015 2014 2015 2014 Service cost $ 8,147 $ 6,053 $ 2,130 $ 2,102 Interest cost 11,284 10,441 1,940 2,392 Expected return on plan assets (13,737 ) (12,972 ) (1,217 ) (1,309 ) Amortization of prior service cost (credit) 90 177 (68 ) (59 ) Amortization of net actuarial loss 7,329 5,955 1,801 1,170 Settlement loss — — 1,275 — Total benefit cost $ 13,113 $ 9,654 $ 5,861 $ 4,296
Postretirement Benefit Costs [Member]
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Components of Net Periodic Benefits Cost	The components of other postretirement benefit cost for the three and nine months ended July 31, 2015 and July 31, 2014 were: U.S. International Three Months Ended 2015 2014 2015 2014 Service cost $ 225 $ 259 $ 7 $ 7 Interest cost 744 766 9 9 Amortization of prior service credit (110 ) (112 ) — — Amortization of net actuarial (gain) loss 289 358 — (3 ) Total benefit cost $ 1,148 $ 1,271 $ 16 $ 13 U.S. International Nine Months Ended 2015 2014 2015 2014 Service cost $ 675 $ 778 $ 22 $ 22 Interest cost 2,232 2,297 27 28 Amortization of prior service credit (329 ) (337 ) — — Amortization of net actuarial (gain) loss 866 1,076 — (10 ) Total benefit cost $ 3,444 $ 3,814 $ 49 $ 40

Accumulated Other Comprehensi26

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Jul. 31, 2015
Equity [Abstract]
Summary of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive loss, including adjustments for items that are reclassified from accumulated other comprehensive loss to net income, are shown below. Cumulative Pension and Accumulated translation postretirement benefit other comprehensive adjustments plan adjustments loss Balance at October 31, 2014 $ 2,727 $ (105,926 ) $ (103,199 ) Pension and postretirement plan changes, net of tax of $(3,398) — 6,333 6,333 Currency translation losses (42,564 ) — (42,564 ) Balance at July 31, 2015 $ (39,837 ) $ (99,593 ) $ (139,430 )

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Jul. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summarized Activity Related to Stock Options	The following table summarizes activity related to stock options for the nine months ended July 31, 2015: Number of Options Weighted-Average Exercise Share Aggregate Intrinsic Value Weighted Average Remaining Term Outstanding at October 31, 2014 1,686 $ 42.77 Granted 316 $ 79.66 Exercised (176 ) $ 29.14 Forfeited or expired (29 ) $ 67.85 Outstanding at July 31, 2015 1,797 $ 50.18 $ 44,699 6.2 years Vested or expected to vest at July 31, 2015 1,780 $ 49.92 $ 44,675 6.2 years Exercisable at July 31, 2015 1,075 $ 37.05 $ 39,833 4.8 years
Fair Value Assumptions of Stock Options	The fair value of each option grant was estimated at the date of grant using the Black-Scholes option-pricing model with the following assumptions: Nine months ended July 31, 2015 July 31, 2014 Expected volatility 30.3%-39.5% 40.1%-44.7% Expected dividend yield 1.06%-1.10% 0.98%-1.03% Risk-free interest rate 1.57%-1.85% 1.51%-1.79% Expected life of the option (in years) 5.4-6.1 5.4-6.1
Summarized Activity Related to Restricted Stock	The following table summarizes activity related to restricted shares during the nine months ended July 31, 2015: Number of Shares Weighted-Average Grant Date Fair Value Restricted shares at October 31, 2014 71 $ 63.53 Granted 22 $ 79.60 Forfeited (2 ) $ 69.48 Vested (34 ) $ 57.23 Restricted shares at July 31, 2015 57 $ 73.44
Summarized Activity Related to Restricted Stock Units	The following table summarizes activity related to restricted share units during the nine months ended July 31, 2015: Number of Units Weighted-Average Grant Date Fair Value Restricted share units at October 31, 2014 5 $ 61.59 Granted 13 $ 76.19 Vested (5 ) $ 61.59 Restricted share units at July 31, 2015 13 $ 76.19
Summarized Activity Related to Director Deferred Compensation Shares	The following table summarizes activity related to director deferred compensation share equivalent units during the nine months ended July 31, 2015: Number of Shares Weighted-Average Grant Date Fair Value Outstanding at October 31, 2014 110 $ 29.74 Restricted share units vested 5 $ 61.59 Dividend equivalents 1 $ 76.31 Distributions (20 ) $ 21.46 Outstanding at July 31, 2015 96 $ 33.72

Warranties (Tables)

Warranties (Tables)	9 Months Ended
	Jul. 31, 2015
Guarantees [Abstract]
Reconciliation of Product Warranty Liability	Following is a reconciliation of the product warranty liability for the nine months ended July 31, 2015 and 2014: July 31, 2015 July 31, 2014 Beginning balance at October 31 $ 9,918 $ 9,409 Accruals for warranties 9,136 7,054 Warranty assumed from acquisitions 11 — Warranty payments (8,052 ) (6,744 ) Currency effect (432 ) (35 ) Ending balance $ 10,581 $ 9,684

Operating Segments (Tables)

Operating Segments (Tables)	9 Months Ended
	Jul. 31, 2015
Segment Reporting [Abstract]
Reportable Segments	The following table presents information about our reportable segments: Adhesive Advanced Industrial Corporate Total Three months ended July 31, 2015 Net external sales $ 211,649 $ 184,888 $ 66,194 $ — $ 462,731 Operating profit (loss) 54,854 44,633 (a) 12,326 (8,963 ) 102,850 Three months ended July 31, 2014 Net external sales $ 226,762 $ 174,636 $ 57,152 $ — $ 458,550 Operating profit (loss) 60,806 56,444 7,471 (10,266 ) 114,455 Nine months ended July 31, 2015 Net external sales $ 609,135 $ 446,588 $ 186,743 $ — $ 1,242,466 Operating profit (loss) 148,963 96,221 (a) 27,604 (30,706 ) 242,082 Nine months ended July 31, 2014 Net external sales $ 668,187 $ 399,805 $ 167,439 $ — $ 1,235,431 Operating profit (loss) 171,425 (b) 97,664 (c) 21,762 (29,703 ) 261,148 ( a ) Includes $2,319 of severance and restructuring costs in the three and nine months ended July 31, 2015. (b) Includes $699 of severance and restructuring costs in the nine months ended July 31, 2014. ( c ) Includes $579 of severance and restructuring costs in the nine months ended July 31, 2014.
Reconciliation of Segment Operating Income to Consolidated Income Before Income Taxes	A reconciliation of total segment operating income to total consolidated income before income taxes is as follows: Three Months Ended Nine Months Ended July 31, 2015 July 31, 2014 July 31, 2015 July 31, 2014 Total profit for reportable segments $ 102,850 $ 114,455 $ 242,082 $ 261,148 Interest expense (4,504 ) (3,810 ) (12,907 ) (10,917 ) Interest and investment income 111 137 349 466 Other-net 2 (236 ) (787 ) (851 ) Income before income taxes $ 98,459 $ 110,546 $ 228,737 $ 249,846
Sales and Long-lived Asset Information by Geographic Regions	We have significant sales in the following geographic regions: Three Months Ended Nine Months Ended July 31, 2015 July 31, 2014 July 31, 2015 July 31, 2014 United States $ 129,290 $ 119,705 $ 392,144 $ 360,904 Americas 34,929 31,296 94,225 89,705 Europe 120,580 126,639 334,244 365,172 Japan 26,647 34,593 76,679 89,727 Asia Pacific 151,285 146,317 345,174 329,923 Total net external sales $ 462,731 $ 458,550 $ 1,242,466 $ 1,235,431

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jul. 31, 2015
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table presents the classification of our assets and liabilities measured at fair value on a recurring basis at July 31, 2015: Total Level 1 Level 2 Level 3 Assets: Foreign currency forward contracts (a) 5,610 — 5,610 — Total assets at fair value $ 5,610 $ — $ 5,610 $ — Liabilities: Deferred compensation plans (b) $ 10,026 $ — $ 10,026 $ — Foreign currency forward contracts (a) 5,298 — 5,298 — Total liabilities at fair value $ 15,324 $ — $ 15,324 $ — (a) We enter into foreign currency forward contracts to reduce the risk of foreign currency exposures resulting from receivables, payables, intercompany receivables, intercompany payables and loans denominated in foreign currencies. Foreign currency forward contracts are valued using market exchange rates. Foreign currency forward contracts are not designated as hedges. (b) Executive officers and other highly compensated employees may defer up to 100 percent of their salary and annual cash incentive award and for executive officers, up to 90 percent of their long-term performance share incentive award,

Financial instruments (Tables)

Financial instruments (Tables)	9 Months Ended
	Jul. 31, 2015
Investments All Other Investments [Abstract]
Outstanding Currency, Forward Exchange Contracts	The following table summarizes, by currency, the foreign currency forward contracts outstanding at July 31, 2015 : Sell Buy Notional Amounts Fair Market Value Notional Amounts Fair Market Value Euro $ 370,973 $ 361,188 $ 355,289 $ 348,063 British pound 84,196 84,382 64,146 64,046 Japanese yen 28,212 27,741 19,589 19,209 Australian dollar 192 183 7,583 7,001 Hong Kong dollar 46,624 46,611 108,693 108,663 Singapore dollar — — 10,850 10,533 Others 2,819 2,716 29,315 28,067 Total $ 533,016 $ 522,821 $ 595,465 $ 585,582
Carrying Amounts and Fair Values of Financial Instruments, Other than Receivables and Accounts Payable	The carrying values of receivables and accounts payable approximate fair value due to the short-term nature of these instruments. Carrying Amount Fair Value Cash and cash equivalents $ 61,000 $ 61,000 Notes payable 5,106 5,106 Long-term debt, including current maturities 933,475 930,388 Foreign currency forward contracts (net) 312 312

Significant Accounting Polici32

Significant Accounting Policies - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Stock Options [Member]
Significant Accounting Policies [Line Items]
Options for common shares excluded from computation of diluted earning per share	304,000	0	310,000	92,000
Maximum [Member]
Significant Accounting Policies [Line Items]
Ownership percentage in affiliates and joint ventures	50.00%		50.00%

Severance and Restructuring C33

Severance and Restructuring Costs - Additional Information (Detail) - Advanced Technology Systems [Member]	3 Months Ended
	Jul. 31, 2015USD ($)
Restructuring Cost And Reserve [Line Items]
Severance costs	$ 1,429,000
Lease termination costs	890,000
Severance payments	$ 0

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 15, 2015	Jul. 31, 2015	Oct. 31, 2014
Business Acquisition [Line Items]
Acquisition of businesses, net of cash acquired		$ 14,936
Goodwill		1,047,086	$ 1,052,537
Advanced Technology Systems [Member]
Business Acquisition [Line Items]
Goodwill		$ 640,727	$ 631,433
Advanced Technology Systems [Member] | Liquidyn [Member]
Business Acquisition [Line Items]
Acquired percent of the outstanding shares	100.00%
Acquisition of businesses, net of cash acquired	$ 14,565
Cash acquired from business acquisition	656
Goodwill	10,725
Identifiable intangible assets	3,991
Advanced Technology Systems [Member] | Liquidyn [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Identifiable intangible assets	$ 1,285
Intangible assets amortization period	6 years
Advanced Technology Systems [Member] | Liquidyn [Member] | Trade Names [Member]
Business Acquisition [Line Items]
Identifiable intangible assets	$ 1,049
Intangible assets amortization period	11 years
Advanced Technology Systems [Member] | Liquidyn [Member] | Technology-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Identifiable intangible assets	$ 1,421
Intangible assets amortization period	5 years
Advanced Technology Systems [Member] | Liquidyn [Member] | Non-compete Agreements [Member]
Business Acquisition [Line Items]
Identifiable intangible assets	$ 236
Intangible assets amortization period	2 years

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Detail) - USD ($) $ in Thousands	Jul. 31, 2015	Oct. 31, 2014
Inventory Disclosure [Abstract]
Raw materials and component parts	$ 97,728	$ 86,573
Work-in-process	35,586	27,994
Finished goods	130,805	130,544
Inventories - gross	264,119	245,111
Obsolescence and other reserves	(27,527)	(26,744)
LIFO reserve	(7,763)	(7,496)
Inventories - net	$ 228,829	$ 210,871

Goodwill and Other Intangible36

Goodwill and Other Intangible Assets - Summary of Changes in Carrying Amount of Goodwill (Detail) $ in Thousands	9 Months Ended
	Jul. 31, 2015USD ($)
Goodwill [Line Items]
Balance at October 31, 2014	$ 1,052,537
Acquisitions	10,725
Adjustment	371
Currency effect	(16,547)
Balance at July 31, 2015	1,047,086
Adhesive Dispensing Systems [Member]
Goodwill [Line Items]
Balance at October 31, 2014	397,046
Currency effect	(14,745)
Balance at July 31, 2015	382,301
Advanced Technology Systems [Member]
Goodwill [Line Items]
Balance at October 31, 2014	631,433
Acquisitions	10,725
Adjustment	371
Currency effect	(1,802)
Balance at July 31, 2015	640,727
Industrial Coating Systems [Member]
Goodwill [Line Items]
Balance at October 31, 2014	24,058
Balance at July 31, 2015	$ 24,058

Goodwill and Other Intangible37

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014	Oct. 31, 2014
Goodwill [Line Items]
Goodwill accumulated impairment loss	$ 232,789		$ 232,789		$ 232,789
Intangible assets, amortization expense	6,871	$ 6,150	20,558	$ 18,790
Advanced Technology Systems [Member]
Goodwill [Line Items]
Goodwill accumulated impairment loss	229,173		229,173		229,173
Industrial Coating Systems [Member]
Goodwill [Line Items]
Goodwill accumulated impairment loss	$ 3,616		$ 3,616		$ 3,616

Goodwill and Other Intangible38

Goodwill and Other Intangible Assets - Summary of Intangible Assets Subject to Amortization (Detail) - USD ($) $ in Thousands	Jul. 31, 2015	Oct. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	$ 375,202	$ 381,262
Accumulated Amortization	108,163	89,952
Net Book Value	267,039	291,310
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	194,429	200,028
Accumulated Amortization	52,315	41,910
Net Book Value	142,114	158,118
Patent/Technology Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	92,836	93,799
Accumulated Amortization	31,125	27,030
Net Book Value	61,711	66,769
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	78,395	77,846
Accumulated Amortization	15,685	12,173
Net Book Value	62,710	65,673
Non-compete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	8,182	8,220
Accumulated Amortization	7,687	7,600
Net Book Value	495	620
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Carrying Amount	1,360	1,369
Accumulated Amortization	1,351	1,239
Net Book Value	$ 9	$ 130

Pension and Other Postretirem39

Pension and Other Postretirement Plans - Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Pension Plan, United States [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 2,716	$ 2,018	$ 8,147	$ 6,053
Interest cost	3,761	3,480	11,284	10,441
Expected return on plan assets	(4,579)	(4,324)	(13,737)	(12,972)
Amortization of prior service cost (credit)	30	59	90	177
Amortization of net actuarial loss	2,443	1,985	7,329	5,955
Total benefit cost	4,371	3,218	13,113	9,654
Pension Plan, International [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	697	691	2,130	2,102
Interest cost	641	783	1,940	2,392
Expected return on plan assets	(405)	(430)	(1,217)	(1,309)
Amortization of prior service cost (credit)	(22)	(20)	(68)	(59)
Amortization of net actuarial loss	492	384	1,801	1,170
Settlement loss			1,275
Total benefit cost	$ 1,403	$ 1,408	$ 5,861	$ 4,296

Pension and Other Postretirem40

Pension and Other Postretirement Plans - Other Postretirement Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Postretirement Benefit Plans, United States [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 225	$ 259	$ 675	$ 778
Interest cost	744	766	2,232	2,297
Amortization of prior service credit	(110)	(112)	(329)	(337)
Amortization of net actuarial (gain) loss	289	358	866	1,076
Total benefit cost	1,148	1,271	3,444	3,814
Postretirement Benefit Plans, International [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	7	7	22	22
Interest cost	9	9	27	28
Amortization of net actuarial (gain) loss		(3)		(10)
Total benefit cost	$ 16	$ 13	$ 49	$ 40

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Income Tax Disclosure [Abstract]
Effective tax rates	29.50%	29.50%	29.40%	30.10%
Tax adjustment related to tax provision	$ (600)	$ (550)
Additional tax benefit relating to retroactive reinstatement of research and development credit			$ 2,286
Tax benefit related to adjustment to deferred taxes		$ (500)

Accumulated Other Comprehensi42

Accumulated Other Comprehensive Loss - Summary of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), Beginning balance			$ (103,199)
Amortization of prior service cost and net actuarial losses, net of tax	$ 2,045	$ 1,722	6,333	$ 5,180
Currency translation losses	(12,003)	$ (4,769)	(42,564)	$ (3,517)
Accumulated other comprehensive income (loss), Ending balance	(139,430)		(139,430)
Cumulative Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), Beginning balance			2,727
Currency translation losses			(42,564)
Accumulated other comprehensive income (loss), Ending balance	(39,837)		(39,837)
Pension And Postretirement Benefit Plan Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), Beginning balance			(105,926)
Amortization of prior service cost and net actuarial losses, net of tax			6,333
Accumulated other comprehensive income (loss), Ending balance	$ (99,593)		$ (99,593)

Accumulated Other Comprehensi43

Accumulated Other Comprehensive Loss - Summary of Accumulated Other Comprehensive Loss (Parenthetical) (Detail) $ in Thousands	9 Months Ended
	Jul. 31, 2015USD ($)
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Pension and postretirement plan changes, tax	$ (3,398)

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum number of common shares available for grant	2,900		2,900
Executive officers and other highly compensated employees salary and annual cash incentive compensation deferrals percentage, maximum			100.00%
Executive officers share-based long-term incentive compensation deferrals percentage, maximum			90.00%
Directors [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expense related to director deferred compensation	$ 22	$ 23	$ 69	$ 75
Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum rate of stock option, description			Not exceeding 25 percent per year
Option expiring period			10 years
Compensation expense recognized	2,088	2,358	$ 6,659	$ 8,202
Options exercisable beginning period			1 year
Unrecognized compensation cost related to nonvested stock option	7,180		$ 7,180
Weighted average period expected to be amortized, non vested shares			1 year 4 months 24 days
Weighted-average expected volatility used			34.30%	44.50%
Weighted average grant date fair value of stock options granted			$ 24.63	$ 27.92
Total intrinsic value of options exercised	2,554	7,330	$ 8,733	$ 13,291
Cash received from the exercise of stock options			4,673	5,870
Tax benefit realized from tax deductions from exercises of stock options			$ 2,538	4,127
Stock Options [Member] | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum rate of stock option			25.00%
Stock Options [Member] | Post November 2012 Option Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Normal retirement age			65 years
Period for options considered to be forfeited for retirees			12 months
Restricted Shares And Restricted Share Units | Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant restricted shares transferred period			3 years
Restricted Shares And Restricted Share Units | Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Grant restricted shares transferred period			1 year
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average period expected to be amortized, non vested shares			1 year 10 months 24 days
Period for restricted shares and share units considered to be forfeited for retirees			12 months
Unrecognized compensation cost related to nonvested restricted stock	2,454		$ 2,454
Expense related to nonvested common shares	465	458	1,401	1,353
Common share dividends amount included in compensation cost	13	12	$ 38	37
Restricted Stock Unit [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average period expected to be amortized, non vested shares			3 months 18 days
Period for pro-rata vesting of shares or units for non-employee directors			1 year
Unrecognized compensation cost related to nonvested restricted stock	240		$ 240
Expense related to nonvested common shares	243	222	$ 729	$ 667
Performance Share Incentive Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average grant date fair value			$ 76.48	$ 69.25	$ 59.59
Compensation expense		699	$ 2,424	$ 3,144
Share based compensation credit to expense recovery	67
Cumulative amount recorded in shareholders' equity related to Long-Term Incentive Plan	6,526		$ 6,526
Periods of performance considered for calculating compensation expense			3 years
Deferred Compensation [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common share dividends amount included in compensation cost	$ 45	$ 32	$ 129	$ 90
Executive officers and other highly compensated employees salary and annual cash incentive compensation deferrals percentage, maximum			100.00%
Executive officers share-based long-term incentive compensation deferrals percentage, maximum			90.00%

Stock-Based Compensation - Summ

Stock-Based Compensation - Summarized Activity Related to Stock Options (Detail) - Jul. 31, 2015 - Stock Options [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Total
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Options, Outstanding, Beginning balance	1,686
Number of Options, Granted	316
Number of Options, Exercised	(176)
Number of Options, Forfeited or expired	(29)
Number of Options, Outstanding, Ending balance	1,797
Number of Options, Vested or expected to vest	1,780
Number of Options, Exercisable	1,075
Weighted-Average Exercise Price Per Share, Outstanding, Beginning balance	$ 42.77
Weighted-Average Exercise Price Per Share, Granted	79.66
Weighted-Average Exercise Price Per Share, Exercised	29.14
Weighted-Average Exercise Price Per Share, Forfeited or expired	67.85
Weighted-Average Exercise Price Per Share, Outstanding, Ending balance	50.18
Weighted-Average Exercise Price Per Share, Vested or expected to vest	49.92
Weighted-Average Exercise Price Per Share, Exercisable	$ 37.05
Aggregate Intrinsic Value, Outstanding	$ 44,699
Aggregate Intrinsic Value, Vested or expected to vest	44,675
Aggregate Intrinsic Value, Exercisable	$ 39,833
Weighted Average Remaining Term, Outstanding	6 years 2 months 12 days
Weighted Average Remaining Term, Vested or expected to vest	6 years 2 months 12 days
Weighted Average Remaining Term, Exercisable	4 years 9 months 18 days

Stock-Based Compensation - Fair

Stock-Based Compensation - Fair Value Assumptions of Stock Options (Detail) - Stock Options [Member]	9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected volatility, Minimum	30.30%	40.10%
Expected volatility, Maximum	39.50%	44.70%
Risk-free interest rate, Minimum	1.57%	1.51%
Risk-free interest rate, Maximum	1.85%	1.79%
Minimum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected dividend yield	1.06%	0.98%
Expected life of the option (in years)	5 years 4 months 24 days	5 years 4 months 24 days
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected dividend yield	1.10%	1.03%
Expected life of the option (in years)	6 years 1 month 6 days	6 years 1 month 6 days

Stock-Based Compensation - Su47

Stock-Based Compensation - Summarized Activity Related to Restricted Stock (Detail) - 9 months ended Jul. 31, 2015 - Restricted Stock [Member] - $ / shares shares in Thousands	Total
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Restricted Shares, Beginning balance	71
Number of Restricted Shares, Granted	22
Number of Restricted Shares, Forfeited	(2)
Number of Restricted Shares, Vested	(34)
Number of Restricted Shares, Ending balance	57
Weighted-Average Grant Date Fair Value, Restricted Shares, Beginning balance	$ 63.53
Weighted-Average Grant Date Fair Value, Granted	79.60
Weighted-Average Grant Date Fair Value, Forfeited	69.48
Weighted-Average Grant Date Fair Value, Vested	57.23
Weighted-Average Grant Date Fair Value, Restricted Shares, Ending balance	$ 73.44

Stock-Based Compensation - Su48

Stock-Based Compensation - Summarized Activity Related to Restricted Stock Units (Detail) - 9 months ended Jul. 31, 2015 - Restricted Stock Unit [Member] - $ / shares shares in Thousands	Total
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Restricted Shares, Beginning balance	5
Number of Restricted Share Units, Granted	13
Number of Restricted Share Units, Vested	(5)
Number of Restricted Shares, Ending balance	13
Weighted-Average Grant Date Fair Value, Restricted Shares, Beginning balance	$ 61.59
Weighted-Average Grant Date Fair Value, Granted	76.19
Weighted-Average Grant Date Fair Value, Vested	61.59
Weighted-Average Grant Date Fair Value, Restricted Shares, Ending balance	$ 76.19

Stock-Based Compensation - Su49

Stock-Based Compensation - Summarized Activity Related to Director Deferred Compensation Shares (Detail) - 9 months ended Jul. 31, 2015 - Directors [Member] - Deferred Compensation Share Equivalent Units [Member] - $ / shares shares in Thousands	Total
Deferred Compensation Arrangement With Individual Share Based Payments [Line Items]
Number of Shares, Outstanding, Beginning balance	110
Number of Shares, Restricted share units vested	5
Number of Shares, Dividend equivalents	1
Number of Shares, Distributions	(20)
Number of Shares, Outstanding, Ending balance	96
Weighted-Average Grant Date Fair Value Per Share, Beginning balance	$ 29.74
Weighted-Average Grant Date Fair Value Per Share, Restricted share units vested	61.59
Weighted-Average Grant Date Fair Value Per Share, Dividend equivalents	76.31
Weighted-Average Grant Date Fair Value Per Share, Distributions	21.46
Weighted-Average Grant Date Fair Value Per Share, Ending balance	$ 33.72

Warranties - Additional Informa

Warranties - Additional Information (Detail)	9 Months Ended
	Jul. 31, 2015
Guarantees [Abstract]
Standard product warranty period	One year

Warranties - Reconciliation of

Warranties - Reconciliation of Product Warranty Liability (Detail) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Guarantees [Abstract]
Beginning balance at October 31	$ 9,918	$ 9,409
Accruals for warranties	9,136	7,054
Warranty assumed from acquisitions	11
Warranty payments	(8,052)	(6,744)
Currency effect	(432)	(35)
Ending balance	$ 10,581	$ 9,684

Operating Segments - Additional

Operating Segments - Additional Information (Detail)	9 Months Ended
	Jul. 31, 2015Segment
Segment Reporting [Abstract]
Number of operating segments	3

Operating Segments - Reportable

Operating Segments - Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Jul. 31, 2015		Jul. 31, 2014	Jul. 31, 2015		Jul. 31, 2014
Segment Reporting Information [Line Items]
Net external sales	$ 462,731		$ 458,550	$ 1,242,466		$ 1,235,431
Operating profit (loss)	102,850		114,455	242,082		261,148
Operating Segments [Member] | Adhesive Dispensing Systems [Member]
Segment Reporting Information [Line Items]
Net external sales	211,649		226,762	609,135		668,187
Operating profit (loss)	54,854		60,806	148,963		171,425	[1]
Operating Segments [Member] | Advanced Technology Systems [Member]
Segment Reporting Information [Line Items]
Net external sales	184,888		174,636	446,588		399,805
Operating profit (loss)	44,633	[2]	56,444	96,221	[2]	97,664	[3]
Operating Segments [Member] | Industrial Coating Systems [Member]
Segment Reporting Information [Line Items]
Net external sales	66,194		57,152	186,743		167,439
Operating profit (loss)	12,326		7,471	27,604		21,762
Corporate [Member]
Segment Reporting Information [Line Items]
Operating profit (loss)	$ (8,963)		$ (10,266)	$ (30,706)		$ (29,703)
[1]	Includes $699 of severance and restructuring costs in the nine months ended July 31, 2014.
[2]	Includes $2,319 of severance and restructuring costs in the three and nine months ended July 31, 2015.
[3]	Includes $579 of severance and restructuring costs in the nine months ended July 31, 2014.

Operating Segments - Reportab54

Operating Segments - Reportable Segments (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jul. 31, 2015	Jul. 31, 2015	Jul. 31, 2014
Advanced Technology Systems [Member]
Segment Reporting Information [Line Items]
Severance and restructuring costs	$ 2,319	$ 2,319	$ 579
Adhesive Dispensing Systems [Member]
Segment Reporting Information [Line Items]
Severance and restructuring costs			$ 699

Operating Segments - Reconcilia

Operating Segments - Reconciliation of Segment Operating Income to Consolidated Income Before Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Segment Reporting [Abstract]
Total profit for reportable segments	$ 102,850	$ 114,455	$ 242,082	$ 261,148
Interest expense	(4,504)	(3,810)	(12,907)	(10,917)
Interest and investment income	111	137	349	466
Other - net	2	(236)	(787)	(851)
Income before income taxes	$ 98,459	$ 110,546	$ 228,737	$ 249,846

Operating Segments - Sales Info

Operating Segments - Sales Information by Geographic Regions (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Net external sales
Net external sales	$ 462,731	$ 458,550	$ 1,242,466	$ 1,235,431
United States [Member]
Net external sales
Net external sales	129,290	119,705	392,144	360,904
Americas Excluding United States [Member]
Net external sales
Net external sales	34,929	31,296	94,225	89,705
Europe [Member]
Net external sales
Net external sales	120,580	126,639	334,244	365,172
Japan [Member]
Net external sales
Net external sales	26,647	34,593	76,679	89,727
Asia Pacific [Member]
Net external sales
Net external sales	$ 151,285	$ 146,317	$ 345,174	$ 329,923

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Recurring [Member] $ in Thousands		Jul. 31, 2015USD ($)
Assets:
Foreign currency forward contracts	[1]	$ 5,610
Total assets at fair value		5,610
Liabilities:
Deferred compensation plans	[2]	10,026
Foreign currency forward contracts	[1]	5,298
Total liabilities at fair value		15,324
Level 2 [Member]
Assets:
Foreign currency forward contracts	[1]	5,610
Total assets at fair value		5,610
Liabilities:
Deferred compensation plans	[2]	10,026
Foreign currency forward contracts	[1]	5,298
Total liabilities at fair value		$ 15,324
[1]	(a) We enter into foreign currency forward contracts to reduce the risk of foreign currency exposures resulting from receivables, payables, intercompany receivables, intercompany payables and loans denominated in foreign currencies. Foreign currency forward contracts are valued using market exchange rates. Foreign currency forward contracts are not designated as hedges.
[2]	(a) Executive officers and other highly compensated employees may defer up to 100 percent of their salary and annual cash incentive award and for executive officers, up to 90 percent of their long-term performance share incentive award, into various non-qualified deferred compensation plans. Deferrals can be allocated to various market performance measurement funds. Changes in the value of compensation deferred under these plans are recognized each period based on the fair value of the underlying measurement funds.

Fair Value Measurements - Sch58

Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Parenthetical) (Detail)	9 Months Ended
	Jul. 31, 2015
Fair Value Disclosures [Abstract]
Executive officers and other highly compensated employees salary and annual cash incentive compensation deferrals percentage, maximum	100.00%
Executive officers share-based long-term incentive compensation deferrals percentage, maximum	90.00%

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Maturity of foreign currency forward contracts			90 days
Gains (losses) on foreign currency forward contracts	$ (2,701)	$ (285)	$ (1,198)	$ (2,614)
Gains (losses) in fair value of balance sheet positions denominated in foreign currencies	$ 3,085	$ 267	$ 1,020	$ 2,448

Financial Instruments - Outstan

Financial Instruments - Outstanding Currency, Forward Exchange Contracts (Detail) $ in Thousands	Jul. 31, 2015USD ($)
Derivative [Line Items]
Fair Market Value of foreign currency derivative contracts	$ 312
Foreign Currency Forward Contracts [Member] | Sell [Member]
Derivative [Line Items]
Notional Amounts of foreign currency derivative contracts	533,016
Fair Market Value of foreign currency derivative contracts	522,821
Foreign Currency Forward Contracts [Member] | Buy [Member]
Derivative [Line Items]
Notional Amounts of foreign currency derivative contracts	595,465
Fair Market Value of foreign currency derivative contracts	585,582
Euro [Member] | Foreign Currency Forward Contracts [Member] | Sell [Member]
Derivative [Line Items]
Notional Amounts of foreign currency derivative contracts	370,973
Fair Market Value of foreign currency derivative contracts	361,188
Euro [Member] | Foreign Currency Forward Contracts [Member] | Buy [Member]
Derivative [Line Items]
Notional Amounts of foreign currency derivative contracts	355,289
Fair Market Value of foreign currency derivative contracts	348,063
British Pound [Member] | Foreign Currency Forward Contracts [Member] | Sell [Member]
Derivative [Line Items]
Notional Amounts of foreign currency derivative contracts	84,196
Fair Market Value of foreign currency derivative contracts	84,382
British Pound [Member] | Foreign Currency Forward Contracts [Member] | Buy [Member]
Derivative [Line Items]
Notional Amounts of foreign currency derivative contracts	64,146
Fair Market Value of foreign currency derivative contracts	64,046
Japanese Yen [Member] | Foreign Currency Forward Contracts [Member] | Sell [Member]
Derivative [Line Items]
Notional Amounts of foreign currency derivative contracts	28,212
Fair Market Value of foreign currency derivative contracts	27,741
Japanese Yen [Member] | Foreign Currency Forward Contracts [Member] | Buy [Member]
Derivative [Line Items]
Notional Amounts of foreign currency derivative contracts	19,589
Fair Market Value of foreign currency derivative contracts	19,209
Australian Dollar [Member] | Foreign Currency Forward Contracts [Member] | Sell [Member]
Derivative [Line Items]
Notional Amounts of foreign currency derivative contracts	192
Fair Market Value of foreign currency derivative contracts	183
Australian Dollar [Member] | Foreign Currency Forward Contracts [Member] | Buy [Member]
Derivative [Line Items]
Notional Amounts of foreign currency derivative contracts	7,583
Fair Market Value of foreign currency derivative contracts	7,001
Hong Kong Dollar [Member] | Foreign Currency Forward Contracts [Member] | Sell [Member]
Derivative [Line Items]
Notional Amounts of foreign currency derivative contracts	46,624
Fair Market Value of foreign currency derivative contracts	46,611
Hong Kong Dollar [Member] | Foreign Currency Forward Contracts [Member] | Buy [Member]
Derivative [Line Items]
Notional Amounts of foreign currency derivative contracts	108,693
Fair Market Value of foreign currency derivative contracts	108,663
Singapore Dollar [Member] | Foreign Currency Forward Contracts [Member] | Buy [Member]
Derivative [Line Items]
Notional Amounts of foreign currency derivative contracts	10,850
Fair Market Value of foreign currency derivative contracts	10,533
Others [Member] | Foreign Currency Forward Contracts [Member] | Sell [Member]
Derivative [Line Items]
Notional Amounts of foreign currency derivative contracts	2,819
Fair Market Value of foreign currency derivative contracts	2,716
Others [Member] | Foreign Currency Forward Contracts [Member] | Buy [Member]
Derivative [Line Items]
Notional Amounts of foreign currency derivative contracts	29,315
Fair Market Value of foreign currency derivative contracts	$ 28,067

Financial Instruments - Carryin

Financial Instruments - Carrying Amounts and Fair Values of Financial Instruments, Other than Receivables and Accounts Payable (Detail) - USD ($) $ in Thousands	Jul. 31, 2015	Oct. 31, 2014	Jul. 31, 2014	Oct. 31, 2013
Schedule Of Carrying Amounts And Fair Values Of Financial Instruments [Abstract]
Cash and cash equivalents, Carrying Amount	$ 61,000	$ 42,314	$ 53,223	$ 42,375
Notes payable, Carrying Amount	5,106	$ 106,181
Long-term debt, including current maturities, Carrying Amount	933,475
Foreign currency forward contracts (net), Carrying Amount	312
Cash and cash equivalents, Fair Value	61,000
Notes payable, Fair Value	5,106
Long-term debt, including current maturities, Fair Value	930,388
Foreign currency forward contracts (net), Fair Value	$ 312

Contingencies - Additional Info

Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	Jul. 31, 2015	Oct. 31, 2014
Environmental Remediation Obligations [Abstract]
Accrual for the ongoing operation, maintenance and monitoring obligation at the site	$ 565	$ 615

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event [Member] - EUR (€) € in Thousands	Sep. 01, 2015	Aug. 03, 2015
WAFO Produktionsgesellschaft GmbH [Member]
Subsequent Event [Line Items]
Acquired percent of the outstanding shares		100.00%
Aggregate purchase price		€ 7,000
MatriX Technologies GmbH [Member]
Subsequent Event [Line Items]
Acquired percent of the outstanding shares	100.00%
Aggregate purchase price	€ 46,000