The Toro Company (TTC) 10-Q 8 Mar 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Feb. 03, 2017	Mar. 01, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	TORO CO
Entity Central Index Key	737,758
Document Type	10-Q
Document Period End Date	Feb. 3, 2017
Amendment Flag	false
Current Fiscal Year End Date	--10-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		107,582,096
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Feb. 03, 2017	Jan. 29, 2016
Income Statement [Abstract]
Net sales	$ 515,839	$ 486,398
Cost of sales	322,359	303,744
Gross profit	193,480	182,654
Selling, general, and administrative expense	132,910	128,815
Operating earnings	60,570	53,839
Interest expense	(4,883)	(4,654)
Other income, net	3,866	4,512
Earnings before income taxes	59,553	53,697
Provision for income taxes	14,563	14,436
Net earnings	$ 44,990	$ 39,261
Basic net earnings per share of common stock	$ 0.41	$ 0.36
Diluted net earnings per share of common stock	$ 0.41	$ 0.35
Weighted-average number of shares of common stock outstanding — Basic	108,627	110,029
Weighted-average number of shares of common stock outstanding — Diluted	110,774	112,326

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Feb. 03, 2017	Jan. 29, 2016
Statement of Comprehensive Income [Abstract]
Net earnings	$ 44,990	$ 39,261
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	117	(4,791)
Derivative instruments, net of tax	221	(1,059)
Other comprehensive income (loss)	338	(5,850)
Comprehensive income	$ 45,328	$ 33,411

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Feb. 03, 2017	Jan. 29, 2016
Statement of Comprehensive Income [Abstract]
Derivative instruments, tax	$ 285	$ 338

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Feb. 03, 2017	Oct. 31, 2016	Jan. 29, 2016
ASSETS
Cash and cash equivalents	$ 158,893	$ 273,555	$ 118,140
Receivables, net	183,850	163,265	190,297
Inventories, net	402,103	307,034	422,036
Prepaid expenses and other current assets	36,470	35,155	36,983
Total current assets	781,316	779,009	767,456
Property, plant, and equipment, gross	855,826	838,036	811,222
Less accumulated depreciation	628,909	615,998	589,699
Property, plant, and equipment, net	226,917	222,038	221,523
Long-term deferred income taxes	56,864	57,228	66,000
Other assets	25,788	23,422	24,352
Goodwill	201,246	194,782	195,222
Other intangible assets, net	110,782	108,093	116,123
Total assets	1,402,913	1,384,572	1,390,676
LIABILITIES AND STOCKHOLDERS' EQUITY
Current portion of long-term debt	22,960	22,484	23,398
Short-term debt	0	0	52,912
Accounts payable	232,440	174,668	211,216
Accrued liabilities	263,724	266,687	262,888
Total current liabilities	519,124	463,839	550,414
Long-term debt, less current portion	315,314	328,477	337,969
Deferred revenue	25,172	11,830	11,246
Other long-term liabilities	30,267	30,391	31,118
Stockholders' equity:
Common stock, par value $1.00 per share, authorized 175,000,000 shares; issued and outstanding 107,575,440 shares as of February 3, 2017, 108,965,108 shares as of January 29, 2016, and 108,427,393 shares as of October 31, 2016	107,575	108,427	108,965
Retained earnings	443,559	480,044	386,657
Accumulated other comprehensive loss	(38,098)	(38,436)	(35,693)
Total stockholders’ equity	513,036	550,035	459,929
Total liabilities and stockholders’ equity	$ 1,402,913	$ 1,384,572	$ 1,390,676

Condensed Consolidated Balance6

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical)	Feb. 03, 2017$ / sharesshares	Oct. 31, 2016$ / sharesshares	Jan. 29, 2016$ / sharesshares
Preferred stock
Preferred stock, par value (in dollars per share) | $ / shares	$ 1	$ 1	$ 1
Preferred stock, issued (in shares)	0	0	0
Preferred stock, outstanding (in shares)	0	0	0
Common stock
Common stock, par value (in dollars per share) | $ / shares	$ 1	$ 1	$ 1
Common stock, authorized (in shares)	175,000,000	175,000,000	175,000,000
Common stock, issued (in shares)	107,575,440	108,965,108	108,427,393
Common stock, outstanding (in shares)	107,575,440	108,965,108	108,427,393
Voting preferred stock
Preferred stock
Preferred stock, authorized (in shares)	1,000,000	1,000,000	1,000,000
Non-voting preferred stock
Preferred stock
Preferred stock, authorized (in shares)	850,000	850,000	850,000

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Feb. 03, 2017	Jan. 29, 2016
Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract]
Net earnings	$ 44,990	$ 39,261
Adjustments to reconcile net earnings to net cash provided by operating activities:
Non-cash income from finance affiliate	(1,943)	(1,878)
Provision for depreciation, amortization, and impairment loss	16,516	15,741
Stock-based compensation expense	3,618	2,477
Decrease in deferred income taxes	393	0
Other	(98)	(464)
Changes in operating assets and liabilities, net of effect of acquisitions:
Receivables, net	(19,380)	(12,614)
Inventories, net	(90,560)	(92,918)
Prepaid expenses and other assets	(4,272)	(4,655)
Accounts payable, accrued liabilities, deferred revenue, and other long-term liabilities	66,128	59,581
Net cash provided by operating activities	15,392	4,531
Cash flows from investing activities:
Purchases of property, plant, and equipment	(11,620)	(10,680)
Proceeds from asset disposals	0	60
Distributions from finance affiliate, net	(98)	765
Proceeds from sale of a business	0	1,500
Acquisition, net of cash acquired	(23,882)	0
Net cash (used in) investing activities	(35,600)	(8,355)
Cash flows from financing activities:
Increase in short-term debt	0	51,789
Repayments of long-term debt	(12,702)	(13,371)
Proceeds from exercise of stock options	3,128	2,495
Purchases of Toro common stock	(67,718)	(27,485)
Dividends paid on Toro common stock	(18,994)	(16,496)
Net cash (used in) financing activities	(96,286)	(3,068)
Effect of exchange rates on cash and cash equivalents	1,832	(1,243)
Net (decrease) in cash and cash equivalents	(114,662)	(8,135)
Cash and cash equivalents as of the beginning of the fiscal period	273,555	126,275
Cash and cash equivalents as of the end of the fiscal period	$ 158,893	$ 118,140

Basis of Presentation

Basis of Presentation	3 Months Ended
	Feb. 03, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and do not include all the information and notes required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. Unless the context indicates otherwise, the terms “company” and “Toro” refer to The Toro Company and its consolidated subsidiaries. In the opinion of management, the unaudited condensed consolidated financial statements include all adjustments, consisting primarily of recurring accruals, considered necessary for a fair presentation of the financial position and results of operations. Since the company’s business is seasonal, operating results for the three months ended February 3, 2017 , cannot be annualized to determine the expected results for the fiscal year ending October 31, 2017 . The company’s fiscal year ends on October 31, and quarterly results are reported based on three-month periods that generally end on the Friday closest to the quarter end. For comparative purposes, however, the company’s second and third quarters always include exactly 13 weeks of results so that the quarter end date for these two quarters is not necessarily the Friday closest to the calendar month end. For further information, refer to the consolidated financial statements and notes included in the company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2016 . The policies described in that report are used for preparing quarterly reports. Accounting Policies In preparing the consolidated financial statements in conformity with U.S. GAAP, management must make decisions that impact the reported amounts of assets, liabilities, revenues, expenses, and the related disclosures, including disclosures of contingent assets and liabilities. Such decisions include the selection of the appropriate accounting principles to be applied and the assumptions on which to base accounting estimates. Estimates are used in determining, among other items, sales promotion and incentive accruals, incentive compensation accruals, inventory valuation, warranty reserves, earn-out liabilities, allowance for doubtful accounts, pension and postretirement accruals, self-insurance accruals, useful lives for tangible and intangible assets, and future cash flows associated with impairment testing for goodwill and other long-lived assets. These estimates and assumptions are based on management’s best estimates and judgments at the time they are made. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors that management believes to be reasonable under the circumstances, including the current economic environment. Management adjusts such estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with certainty, actual amounts could differ significantly from those estimated at the time the consolidated financial statements are prepared. Changes in those estimates will be reflected in the consolidated financial statements in future periods. New Accounting Pronouncements Adopted In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs . This amended guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability. This amended guidance was retrospectively adopted in the first quarter of fiscal 2017. Prior periods have been retrospectively adjusted for the adoption of this amended guidance and are reclassified in the consolidated balance sheets presentation as a direct deduction from the carrying amount of the related debt liability. The adoption of this guidance did not have a material impact on the company's consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement . This amended guidance requires customers to determine whether or not an arrangement contains a software license element. If the arrangement contains a software element, the related fees paid should be accounted for as an acquisition of a software license. If the arrangement does not contain a software license, it is accounted for as a service contract. This amended guidance was adopted in the first quarter of fiscal 2017. The adoption of this guidance did not have an impact on the company's consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, Stock-based Compensation: Improvements to Employee Share-based Payment Accounting. This amended guidance simplifies several aspects of the accounting for share-based payment transactions, including the accounting for income taxes, forfeitures, statutory tax withholding requirements, and statement of cash flow classification. The company elected to early adopt this amended guidance effective November 1, 2016, which is the first quarter of fiscal 2017. The impact of the early adoption resulted in the following: • The company recorded a discrete tax benefit of $4.9 million related to the excess tax benefit on share-based awards within income tax expense for the three months ended February 3, 2017. Prior to the adoption of this standard, these tax benefits were included in additional paid-in capital on the consolidated balance sheets. Adoption of this standard could add increased volatility to the company's provision for income taxes mainly due to timing of stock option exercises, vesting of restricted stock units and common stock price. • The company elected not to change its policy on accounting for forfeitures and will continue to estimate a requisite forfeiture rate. • The company has elected to change its policy on tax withholding requirements and will allow participants to withhold up to the maximum statutory rate prospectively on new awards. As of November 1, 2016, the company did not have any outstanding liabilities on awards which would require a cumulative-effect adjustment to retained earnings. • The company no longer presents the cash received from excess tax benefits within cash flows from financing activities as this benefit is now reflected within cash flows from operating activities in the consolidated statements of cash flows. The company elected to apply this change retrospectively and the change resulted in a $4.9 million and $3.4 million increase in cash flows from operating activities for the three months ended February 3, 2017 and January 29, 2016, respectively. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory. This amended guidance removes the prohibition against the immediate recognition of the current and deferred tax effects of intra-entity transfers of assets other than inventory. This amended guidance was early adopted in the first quarter of fiscal 2017 using a modified retrospective basis. The company recorded a cumulative effect adjustment to the beginning balance of its retained earnings in the first quarter of fiscal 2017 for remaining unamortized deferred tax expense of intra-entity transfers of fixed assets totaling $2.4 million .

Acquisition

Acquisition	3 Months Ended
	Feb. 03, 2017
Business Combinations [Abstract]
Acquisition	Acquisition Effective January 1, 2017, during the first quarter of fiscal 2017 , the company completed the acquisition of all the outstanding shares of Regnerbau Calw GmbH (Perrot), a privately held manufacturer of professional irrigation equipment. The addition of these products broadens and strengthens the company's irrigation solutions for the sport, agricultural, and industrial markets. The acquisition was funded with existing foreign cash and cash equivalents. The purchase price of this acquisition was allocated to the identifiable assets acquired and liabilities assumed based on estimates of their fair value, with the excess purchase price recorded as goodwill. As of February 3, 2017, the company has not yet finalized the purchase accounting for the acquisition, but expects to finalize such purchase accounting in fiscal 2017. This acquisition was immaterial based on the company's consolidated financial condition and results of operations.

Investment in Joint Venture

Investment in Joint Venture	3 Months Ended
	Feb. 03, 2017
Equity Method Investments and Joint Ventures [Abstract]
Investment in Joint Venture	Investment in Joint Venture In fiscal 2009, the company and TCF Inventory Finance, Inc. (“TCFIF”), a subsidiary of TCF National Bank, established Red Iron Acceptance, LLC (“Red Iron”), a joint venture in the form of a Delaware limited liability company that primarily provides inventory financing to certain distributors and dealers of the company’s products in the U.S. On November 29, 2016, the company entered into amended agreements for its Red Iron joint venture with TCFIF. As a result, the amended term of Red Iron will continue until October 31, 2024, subject to two -year extensions thereafter. Either the company or TCFIF may elect not to extend the amended term or any subsequent term by giving one-year written notice to the other party. The company owns 45 percent of Red Iron and TCFIF owns 55 percent of Red Iron. The company accounts for its investment in Red Iron under the equity method of accounting. The company and TCFIF each contributed a specified amount of the estimated cash required to enable Red Iron to purchase the company’s inventory financing receivables and to provide financial support for Red Iron’s inventory financing programs. Red Iron borrows the remaining requisite estimated cash utilizing a $550 million secured revolving credit facility established under a credit agreement between Red Iron and TCFIF. The company’s total investment in Red Iron as of February 3, 2017 was $ 20.8 million . The company has not guaranteed the outstanding indebtedness of Red Iron. The company has agreed to repurchase products repossessed by Red Iron and the TCFIF Canadian affiliate, up to a maximum aggregate amount of $7.5 million in a calendar year. Under the repurchase agreement between Red Iron and the company, Red Iron provides financing for certain dealers and distributors. These transactions are structured as an advance in the form of a payment by Red Iron to the company on behalf of a distributor or dealer with respect to invoices financed by Red Iron. These payments extinguish the obligation of the dealer or distributor to make payment to the company under the terms of the applicable invoice. Under separate agreements between Red Iron and the dealers and distributors, Red Iron provides loans to the dealers and distributors for the advances paid by Red Iron to the company. The net amount of receivables financed for dealers and distributors under this arrangement for the three months ended February 3, 2017 and January 29, 2016 was $375.0 million and $336.1 million , respectively. As of January 31, 2017, Red Iron’s total assets were $403.0 million and total liabilities were $356.9 million .

Inventories

Inventories	3 Months Ended
	Feb. 03, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are valued at the lower of cost or net realizable value, with cost determined by the last-in, first-out (“LIFO”) method for most inventories and first-in, first-out (“FIFO”) method for all other inventories. The company establishes a reserve for excess, slow-moving, and obsolete inventory that is equal to the difference between the cost and estimated net realizable value for that inventory. These reserves are based on a review and comparison of current inventory levels to the planned production, as well as planned and historical sales of the inventory. Inventories were as follows: February 3, January 29, October 31, (Dollars in thousands) Raw materials and work in process $ 107,170 $ 115,373 $ 90,463 Finished goods and service parts 353,290 370,703 274,929 Total FIFO value 460,460 486,076 365,392 Less: adjustment to LIFO value 58,357 64,040 58,358 Total inventories, net $ 402,103 $ 422,036 $ 307,034

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Feb. 03, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The changes in the net carrying amount of goodwill for the first three months of fiscal 2017 were as follows: (Dollars in thousands) Professional Segment Residential Segment Total Balance as of October 31, 2016 $ 184,338 $ 10,444 $ 194,782 Goodwill acquired 6,151 — 6,151 Translation adjustments 268 45 313 Balance as of February 3, 2017 $ 190,757 $ 10,489 $ 201,246 The components of other intangible assets as of February 3, 2017 were as follows: (Dollars in thousands) Gross Carrying Amount Accumulated Amortization Net Patents $ 15,142 $ (11,040 ) $ 4,102 Non-compete agreements 6,879 (6,742 ) 137 Customer-related 87,285 (15,517 ) 71,768 Developed technology 30,058 (24,519 ) 5,539 Trade names 29,469 (4,575 ) 24,894 Other 800 (800 ) — Total amortizable 169,633 (63,193 ) 106,440 Non-amortizable - trade names 4,342 — 4,342 Total other intangible assets, net $ 173,975 $ (63,193 ) $ 110,782 The components of other intangible assets as of October 31, 2016 were as follows: (Dollars in thousands) Gross Carrying Amount Accumulated Amortization Net Patents $ 15,151 $ (10,866 ) $ 4,285 Non-compete agreements 6,886 (6,681 ) 205 Customer-related 84,353 (14,434 ) 69,919 Developed technology 28,648 (23,712 ) 4,936 Trade names 28,715 (4,235 ) 24,480 Other 800 (800 ) — Total amortizable 164,553 (60,728 ) 103,825 Non-amortizable - trade names 4,268 — 4,268 Total other intangible assets, net $ 168,821 $ (60,728 ) $ 108,093 Amortization expense for intangible assets during the first three months of fiscal 2017 was $2.4 million , compared to $3.2 million for the same period last fiscal year. Estimated amortization expense for the remainder of fiscal 2017 and succeeding fiscal years is as follows: fiscal 2017 (remainder), $7.5 million ; fiscal 2018 , $8.0 million ; fiscal 2019 , $7.1 million ; fiscal 2020 , $6.5 million ; fiscal 2021 , $6.1 million ; fiscal 2022 , $6.0 million ; and after fiscal 2022 , $65.2 million .

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Feb. 03, 2017
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity Accumulated Other Comprehensive Loss Components of accumulated other comprehensive loss (“AOCL”), net of tax, are as follows: February 3, January 29, October 31, (Dollars in thousands) Foreign currency translation adjustments $ 31,177 $ 29,393 $ 31,430 Pension and post-retirement benefits 6,495 5,112 6,359 Derivative instruments 426 1,188 647 Total accumulated other comprehensive loss $ 38,098 $ 35,693 $ 38,436 The components and activity of AOCL for the first three months of fiscal 2017 are as follows: (Dollars in thousands) Foreign Currency Translation Adjustments Pension and Postretirement Benefits Cash Flow Derivative Instruments Total Balance as of October 31, 2016 $ 31,430 $ 6,359 $ 647 $ 38,436 Other comprehensive loss (income) before reclassifications (253 ) 136 102 (15 ) Amounts reclassified from AOCL — — (323 ) (323 ) Net current period other comprehensive loss (income) (253 ) 136 (221 ) (338 ) Balance as of February 3, 2017 $ 31,177 $ 6,495 $ 426 $ 38,098 The components and activity of AOCL for the first three months of fiscal 2016 are as follows: (Dollars in thousands) Foreign Currency Translation Adjustments Pension and Postretirement Benefits Cash Flow Derivative Instruments Total Balance as of October 31, 2015 $ 24,328 $ 5,386 $ 129 $ 29,843 Other comprehensive loss (income) before reclassifications 5,065 (274 ) 165 4,956 Amounts reclassified from AOCL — — 894 894 Net current period other comprehensive loss (income) 5,065 (274 ) 1,059 5,850 Balance as of January 29, 2016 $ 29,393 $ 5,112 $ 1,188 $ 35,693

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Feb. 03, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation Stock Option Awards Under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended and restated (the “2010 plan”), stock options are granted with an exercise price equal to the closing price of the company’s common stock on the date of grant, as reported by the New York Stock Exchange. Options are generally granted to executive officers, other employees, and non-employee members of the company’s Board of Directors on an annual basis in the first quarter of the company’s fiscal year. Options generally vest one-third each year over a three-year period and have a ten-year term. Other options granted to certain employees vest in full on the three-year anniversary of the date of grant and have a ten-year term. Compensation expense equal to the grant date fair value is generally recognized for these awards over the vesting period. Stock options granted to executive officers and other employees are subject to accelerated expensing if the option holder meets the retirement definition set forth in the 2010 plan. In that case, the fair value of the options is expensed in the fiscal year of grant because generally the option holder must be employed as of the end of the fiscal year in which the options are granted in order for the options to continue to vest following retirement. Similarly, if a non-employee director has served on the company’s Board of Directors for ten full fiscal years or more, the awards vest immediately upon retirement, and therefore, the fair value of the options granted is fully expensed on the date of the grant. The fair value of each stock option is estimated on the date of grant using the Black-Scholes valuation method with the assumptions noted in the table below. The expected life is a significant assumption as it determines the period for which the risk-free interest rate, volatility, and dividend yield must be applied. The expected life is the average length of time in which executive officers, other employees, and non-employee directors are expected to exercise their stock options, which is primarily based on historical experience. Separate groups of employees and non-employee directors that have similar historical exercise behavior are considered separately for valuation purposes. Expected volatilities are based on the movement of the company’s common stock over the most recent historical period equivalent to the expected life of the option. The risk-free interest rate for periods within the contractual life of the option is based on the U.S. Treasury rate over the expected life at the time of grant. Dividend yield is estimated over the expected life based on the company’s historical cash dividends paid, expected future cash dividends and dividend yield, and expected changes in the company’s stock price. The following table illustrates the weighted-average valuation assumptions for options granted in the following fiscal periods: Fiscal 2017 Fiscal 2016 Expected life of option in years 6.02 5.98 Expected stock price volatility 22.15% 24.06% Risk-free interest rate 2.03% 1.81% Expected dividend yield 1.01% 1.24% Weighted-average fair value at date of grant $12.55 $8.79 Performance Share Awards Under the 2010 Plan, the company grants performance share awards to executive officers and other employees under which they are entitled to receive shares of the company’s common stock contingent on the achievement of performance goals of the company and businesses of the company, which are generally measured over a three-year period. The number of shares of common stock a participant receives will be increased (up to 2 00 percent of target levels) or reduced (down to zero ) based on the level of achievement of performance goals and vest at the end of a three -year period. Performance share awards are generally granted on an annual basis in the first quarter of the company’s fiscal year. Compensation expense is recognized for these awards on a straight-line basis over the vesting period based on the per share fair value as of the date of grant and the probability of achieving each performance goal. The per share fair value of performance share awards granted during the first three months of each of fiscal 2017 and 2016 was $54.52 and $38.89 , respectively. Restricted Stock and Restricted Stock Unit Awards Under the 2010 plan, restricted stock and restricted stock unit awards are generally granted to certain employees that are not executive officers. Occasionally, restricted stock or restricted stock unit awards may be granted, including to executive officers, in connection with hiring, mid-year promotions, leadership transition, or retention. Restricted stock and restricted stock unit awards generally vest one-third each year over a three-year period, or vest in full on the three-year anniversary of the date of grant. Such awards may have performance-based rather than time-based vesting requirements. Compensation expense equal to the grant date fair value, which is equal to the closing price of the company’s common stock on the date of grant multiplied by the number of shares subject to the restricted stock and restricted stock unit awards, is recognized for these awards over the vesting period. The per share weighted-average fair value of restricted stock unit awards granted during the first three months of fiscal 2017 and 2016 was $56.67 and $38.62 , respectively.

Per Share Data

Per Share Data	3 Months Ended
	Feb. 03, 2017
Earnings Per Share [Abstract]
Per Share Data	Per Share Data Reconciliations of basic and diluted weighted-average shares of common stock outstanding are as follows: Three Months Ended February 3, January 29, (Shares in thousands) Basic Weighted-average number of shares of common stock 108,585 109,955 Assumed issuance of contingent shares 42 74 Weighted-average number of shares of common stock and assumed issuance of contingent shares 108,627 110,029 Diluted Weighted-average number of shares of common stock and assumed issuance of contingent shares 108,627 110,029 Effect of dilutive securities 2,147 2,297 Weighted-average number of shares of common stock, assumed issuance of contingent shares, and effect of dilutive securities 110,774 112,326 Shares and per share data have been adjusted for all periods presented to reflect a two -for-one stock split effective September 16, 2016. Incremental shares from options and restricted stock units are computed by the treasury stock method. Options to purchase 317,757 and 398,562 shares of common stock during the first three months of fiscal 2017 and 2016 , respectively, were excluded from the diluted net earnings per share because they were anti-dilutive.

Segment Data

Segment Data	3 Months Ended
	Feb. 03, 2017
Segment Reporting [Abstract]
Segment Data	Segment Data The presentation of segment information reflects the manner in which management organizes segments for making operating decisions and assessing performance. On this basis, the company has determined it has three reportable business segments: Professional, Residential, and Distribution. The Distribution segment, which consists of the company-owned domestic distributorship, has been combined with the company’s corporate activities and elimination of intersegment revenues and expenses that is shown as “Other” in the following tables due to the insignificance of the segment. The following table shows the summarized financial information concerning the company’s reportable segments: (Dollars in thousands) Three months ended February 3, 2017 Professional Residential Other Total Net sales $ 371,809 $ 140,390 $ 3,640 $ 515,839 Intersegment gross sales 4,556 74 (4,630 ) — Earnings (loss) before income taxes 68,166 16,558 (25,171 ) 59,553 Total assets 854,384 243,145 305,384 1,402,913 (Dollars in thousands) Three months ended January 29, 2016 Professional Residential Other Total Net sales $ 338,836 $ 144,284 $ 3,278 $ 486,398 Intersegment gross sales 5,717 68 (5,785 ) — Earnings (loss) before income taxes 61,592 16,739 (24,634 ) 53,697 Total assets 854,106 263,407 273,163 1,390,676 The following table summarizes the components of the loss before income taxes included in “Other” shown above: Three Months Ended February 3, January 29, (Dollars in thousands) Corporate expenses $ (23,961 ) $ (24,783 ) Interest expense, net (4,883 ) (4,654 ) Other 3,673 4,803 Total $ (25,171 ) $ (24,634 )

Contingencies - Litigation

Contingencies - Litigation	3 Months Ended
	Feb. 03, 2017
Loss Contingency [Abstract]
Contingencies - Litigation	Contingencies — Litigation The company is party to litigation in the ordinary course of business. Such matters are generally subject to uncertainties and to outcomes that are not predictable with assurance and that may not be known for extended periods of time. Litigation occasionally involves claims for punitive, as well as compensatory, damages arising out of the use of the company’s products. Although the company is self-insured to some extent, the company maintains insurance against certain product liability losses. The company is also subject to litigation and administrative and judicial proceedings with respect to claims involving asbestos and the discharge of hazardous substances into the environment. Some of these claims assert damages and liability for personal injury, remedial investigations or clean up and other costs and damages. The company is also typically involved in commercial disputes, employment disputes, and patent litigation cases in which it is asserting or defending against patent infringement claims. To prevent possible infringement of the company’s patents by others, the company periodically reviews competitors’ products. To avoid potential liability with respect to others’ patents, the company regularly reviews certain patents issued by the United States Patent and Trademark Office and foreign patent offices. Management believes these activities help minimize its risk of being a defendant in patent infringement litigation. The company is currently involved in patent litigation cases, including cases by or against competitors, where it is asserting and defending against claims of patent infringement. Such cases are at varying stages in the litigation process. The company records a liability in its consolidated financial statements for costs related to claims, including future legal costs, settlements and judgments, where the company has assessed that a loss is probable and an amount can be reasonably estimated. If the reasonable estimate of a probable loss is a range, the company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount. The company discloses a contingent liability even if the liability is not probable or the amount is not estimable, or both, if there is a reasonable possibility that a material loss may have been incurred. In the opinion of management, the amount of liability, if any, with respect to these matters, individually or in the aggregate, will not materially affect its consolidated results of operations, financial position, or cash flows.

Warranty Guarantees

Warranty Guarantees	3 Months Ended
	Feb. 03, 2017
Product Warranties Disclosures [Abstract]
Warranty Guarantees	Warranty Guarantees The company’s products are warranted to ensure customer confidence in design, workmanship, and overall quality. Warranty coverage is generally for specified periods of time and on select products’ hours of usage, and generally covers parts, labor, and other expenses for non-maintenance repairs. Warranty coverage generally does not cover operator abuse or improper use. An authorized company distributor or dealer must perform warranty work. Distributors and dealers submit claims for warranty reimbursement and are credited for the cost of repairs, labor, and other expenses as long as the repairs meet the company's prescribed standards. Warranty expense is accrued at the time of sale based on the estimated number of products under warranty, historical average costs incurred to service warranty claims, the trend in the historical ratio of claims to sales, the historical length of time between the sale and resulting warranty claim, and other minor factors. Special warranty reserves are also accrued for major rework campaigns. Service support outside of the warranty period is provided by authorized distributors and dealers at the customer's expense. The company sells extended warranty coverage on select products for a prescribed period after the original warranty period expires. Warranty provisions, claims, and changes in estimates for the first three months of fiscal 2017 and 2016 were as follows: Three Months Ended February 3, January 29, (Dollars in thousands) Beginning balance $ 72,158 $ 70,734 Warranty provisions 9,615 8,940 Warranty claims (9,794 ) (8,527 ) Changes in estimates 594 — Ending balance $ 72,573 $ 71,147

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Feb. 03, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities The company is exposed to foreign currency exchange rate risk arising from transactions in the normal course of business, such as sales to third party customers, sales and loans to wholly owned foreign subsidiaries, foreign plant operations, and purchases from suppliers. The company actively manages the exposure of its foreign currency exchange rate market risk by entering into various hedging instruments, authorized under company policies that place controls on these activities, with counterparties that are highly rated financial institutions. The company’s hedging activities primarily involves the use of forward currency contracts, that are intended to offset intercompany loan exposures. The company may also utilize cross currency swaps to offset intercompany loan exposures. The company uses derivative instruments only in an attempt to limit underlying exposure from foreign currency exchange rate fluctuations and to minimize earnings and cash flow volatility associated with foreign currency exchange rate fluctuations. Decisions on whether to use such contracts are primarily based on the amount of exposure to the currency involved and an assessment of the near-term market value for each currency. The company’s policy does not allow the use of derivatives for trading or speculative purposes. The company also made an accounting policy election to use the portfolio exception with respect to measuring counterparty credit risk for derivative instruments, and to measure the fair value of a portfolio of financial assets and financial liabilities on the basis of the net open risk position with each counterparty. The company’s primary currency exchange rate exposures are with the Euro, the Australian dollar, the Canadian dollar, the British pound, the Mexican peso, the Japanese yen, the Chinese Renminbi, and the Romanian New Leu against the U.S. dollar, as well as the Romanian New Leu against the Euro. Cash flow hedges. The company recognizes all derivative instruments as either assets or liabilities at fair value on the consolidated balance sheet and formally documents relationships between cash flow hedging instruments and hedged transactions, as well as its risk-management objective and strategy for undertaking hedge transactions. This process includes linking all derivatives to the forecasted transactions, such as sales to third parties, foreign plant operations, and purchases from suppliers. Changes in fair values of outstanding cash flow hedge derivatives, except the ineffective portion, are recorded in other comprehensive income (“OCI”), until net earnings is affected by the variability of cash flows of the hedged transaction. Gains and losses on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in net earnings. The consolidated statements of earnings classification of effective hedge results is the same as that of the underlying exposure. Results of hedges of sales and foreign plant operations are recorded in net sales and cost of sales, respectively, when the underlying hedged transaction affects net earnings. The maximum amount of time the company hedges its exposure to the variability in future cash flows for forecasted trade sales and purchases is two years . Results of hedges of intercompany loans are recorded in other income, net as an offset to the remeasurement of the foreign loan balance. The company formally assesses, at a hedge’s inception and on an ongoing basis, whether the derivatives that are designated as hedges have been highly effective in offsetting changes in the cash flows of the hedged transactions and whether those derivatives may be expected to remain highly effective in future periods. When it is determined that a derivative is not, or has ceased to be, highly effective as a hedge, the company discontinues hedge accounting prospectively. When the company discontinues hedge accounting because it is no longer probable, but it is still reasonably possible that the forecasted transaction will occur by the end of the originally expected period or within an additional two-month period of time thereafter, the gain or loss on the derivative remains in AOCL and is reclassified to net earnings when the forecasted transaction affects net earnings. However, if it is probable that a forecasted transaction will not occur by the end of the originally specified time period or within an additional two-month period of time thereafter, the gains and losses that were in AOCL are recognized immediately in net earnings. In all situations in which hedge accounting is discontinued and the derivative remains outstanding, the company carries the derivative at its fair value on the consolidated balance sheets, recognizing future changes in the fair value in other income, net. For the first quarter of fiscal 2017 , there were immaterial losses on forward contracts reclassified into earnings as a result of the discontinuance of cash flow hedges. As of February 3, 2017 , the notional amount outstanding of forward contracts designated as cash flow hedges was $104.2 million . Derivatives not designated as hedging instruments. The company also enters into foreign currency contracts that include forward currency contracts to mitigate the remeasurement of specific assets and liabilities on the consolidated balance sheet. These contracts are not designated as hedging instruments. Accordingly, changes in the fair value of hedges of recorded balance sheet positions, such as cash, receivables, payables, intercompany notes, and other various contractual claims to pay or receive foreign currencies other than the functional currency, are recognized immediately in other income, net, on the consolidated statements of earnings together with the transaction gain or loss from the hedged balance sheet position. The following table presents the fair value of the company’s derivatives and consolidated balance sheet location. Fair Value at Fair Value at Fair Value at (Dollars in thousands) February 3, 2017 January 29, 2016 October 31, 2016 Asset Derivatives Derivatives Designated as Hedging Instruments Prepaid expenses and other current assets Forward currency contracts $ 1,552 $ 3,393 $ 1,535 Cross currency contract — 142 — Derivatives Not Designated as Hedging Instruments Prepaid expenses and other current assets Forward currency contracts 795 1,347 432 Cross currency contract — 2,218 — Total Assets $ 2,347 $ 7,100 $ 1,967 Liability Derivatives Derivatives Designated as Hedging Instruments Accrued liabilities Forward currency contracts $ 1,363 $ 2,967 $ 973 Derivatives Not Designated as Hedging Instruments Accrued liabilities Forward currency contracts 141 235 792 Total Liabilities $ 1,504 $ 3,202 $ 1,765 The following table presents the impact of derivative instruments on the consolidated statements of earnings for the company’s derivatives designated as cash flow hedging instruments for the three months ended February 3, 2017 and January 29, 2016 , respectively. Effective Portion Ineffective Portion and excluded from Effectiveness Testing Gain (Loss) Recognized in OCI on Derivatives Location of Gain (Loss) Reclassified from AOCL into Income Gain (Loss) Reclassified from AOCL into Income Location of Gain (Loss) Recognized in Income on Derivatives Gain (Loss) Recognized in Income on Derivatives (Dollars in thousands) February 3, January 29, February 3, January 29, February 3, January 29, For the three months ended Forward currency contracts $ (372 ) $ 565 Net sales $ 439 $ 1,080 Other income, net $ 397 $ (12 ) Forward currency contracts (152 ) (1,659 ) Cost of sales (762 ) (314 ) Cross currency contracts — 34 Other income, net — 128 Total derivatives designated as cash flow hedges $ (524 ) $ (1,060 ) Total $ (323 ) $ 894 Total $ 397 $ (12 ) As of February 3, 2017 , the company expects to reclassify approximately $0.3 million of losses from AOCL to earnings during the next twelve months. The following table presents the gain/(loss) of derivative instruments on the consolidated statements of earnings for the company’s derivatives not designated as hedging instruments. Three Months Ended Location of Gain (Loss) February 3, January 29, (Dollars in thousands) Forward currency contracts Other income, net $ 1,144 $ 1,337 Cross currency contracts Other income, net — 130 Total derivatives not designated as hedges $ 1,144 $ 1,467 The company entered into an International Swap Dealers Association (“ISDA”) Master Agreement with each counterparty that permits the net settlement of amounts owed under their respective contracts. The ISDA Master Agreement is an industry standardized contract that governs all derivative contracts entered into between the company and the respective counterparty. Under these master netting agreements, net settlement generally permits the company or the counterparty to determine the net amount payable or receivable for contracts due on the same date or in the same currency for similar types of derivative transactions. The company records the fair value of its derivative contracts at the net amount in its consolidated balance sheets. The following table shows the effects of the master netting arrangements on the fair value of the company’s derivative contracts that are recorded in the consolidated balance sheets: (Dollars in thousands) February 3, 2017 January 29, 2016 October 31, 2016 Assets Forward currency contracts Gross Amounts of Recognized Assets $ 2,347 $ 4,740 $ 2,264 Gross Liabilities Offset in the Balance Sheets — — (297 ) Net Amounts of Assets Presented in the Balance Sheets 2,347 4,740 1,967 Cross currency contracts Gross Amounts of Recognized Assets — 2,360 — Net Amounts of Assets Presented in the Balance Sheets — 2,360 — Total Assets $ 2,347 $ 7,100 $ 1,967 Liabilities Forward currency contracts Gross Amounts of Recognized Liabilities $ (1,614 ) $ (3,202 ) $ (1,765 ) Gross Assets Offset in the Balance Sheets 110 — — Net Amounts of Liabilities Presented in the Balance Sheets (1,504 ) (3,202 ) (1,765 ) Total Liabilities $ (1,504 ) $ (3,202 ) $ (1,765 )

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Feb. 03, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The company categorizes its assets and liabilities into one of three levels based on the assumptions (inputs) used in valuing the asset or liability. Estimates of fair value for financial assets and financial liabilities are based on the framework established in the accounting guidance for fair value measurements. The framework defines fair value, provides guidance for measuring fair value, and requires certain disclosures. The framework discusses valuation techniques such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The framework utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. Level 1 provides the most reliable measure of fair value, while Level 3 generally requires significant management judgment. The three levels are defined as follows: Level 1 : Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 : Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 : Unobservable inputs reflecting management’s assumptions about the inputs used in pricing the asset or liability. Cash balances are valued at their carrying amounts in the consolidated balance sheets, which are reasonable estimates of their fair value due to their short-term nature. Forward currency contracts are valued based on observable market transactions of forward currency prices and spot currency rates as of the reporting date. The fair value of cross currency contracts is determined using discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs such as interest rates and foreign currency exchange rates. In addition, credit valuation adjustments, which consider the impact of any credit enhancements to the contracts, such as collateral postings, thresholds, mutual puts, and guarantees, are incorporated in the fair values to account for potential nonperformance risk. The unfunded deferred compensation liability is primarily subject to changes in fixed-income investment contracts based on current yields. For accounts receivable and accounts payable, carrying amounts are a reasonable estimate of fair value given their short-term nature. Assets and liabilities measured at fair value on a recurring basis, as of February 3, 2017 , January 29, 2016 , and October 31, 2016 are summarized below: (Dollars in thousands) Fair Value Measurements Using Inputs Considered as: February 3, 2017 Fair Value Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 158,893 $ 158,893 $ — $ — Forward currency contracts 2,347 — 2,347 — Total Assets $ 161,240 $ 158,893 $ 2,347 $ — Liabilities: Forward currency contracts $ 1,504 $ — $ 1,504 $ — Deferred compensation liabilities 1,017 — 1,017 — Total Liabilities $ 2,521 $ — $ 2,521 $ — (Dollars in thousands) Fair Value Measurements Using Inputs Considered as: January 29, 2016 Fair Value Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 118,140 $ 118,140 $ — $ — Forward currency contracts 4,740 — 4,740 — Cross currency contracts 2,360 — 2,360 — Total Assets $ 125,240 $ 118,140 $ 7,100 $ — Liabilities: Forward currency contracts $ 3,202 $ — $ 3,202 $ — Deferred compensation liabilities 1,524 — 1,524 — Total Liabilities $ 4,726 $ — $ 4,726 $ — (Dollars in thousands) Fair Value Measurements Using Inputs Considered as: October 31, 2016 Fair Value Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 273,555 $ 273,555 $ — $ — Forward currency contracts 1,967 — 1,967 — Total Assets $ 275,522 $ 273,555 $ 1,967 $ — Liabilities: Forward currency contracts $ 1,765 $ — $ 1,765 $ — Deferred compensation liabilities 1,149 — 1,149 — Total Liabilities $ 2,914 $ — $ 2,914 $ — There were no transfers between Level 1 and Level 2 during the three months ended February 3, 2017 and January 29, 2016 , or the twelve months ended October 31, 2016 .

Subsequent Events

Subsequent Events	3 Months Ended
	Feb. 03, 2017
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The company evaluated all subsequent events and concluded that no subsequent events have occurred that would require recognition in the consolidated financial statements or disclosure in the notes to the consolidated financial statements.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Feb. 03, 2017
Accounting Policies [Abstract]
New Accounting Pronouncements Adopted	New Accounting Pronouncements Adopted In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-03, Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs . This amended guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability. This amended guidance was retrospectively adopted in the first quarter of fiscal 2017. Prior periods have been retrospectively adjusted for the adoption of this amended guidance and are reclassified in the consolidated balance sheets presentation as a direct deduction from the carrying amount of the related debt liability. The adoption of this guidance did not have a material impact on the company's consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement . This amended guidance requires customers to determine whether or not an arrangement contains a software license element. If the arrangement contains a software element, the related fees paid should be accounted for as an acquisition of a software license. If the arrangement does not contain a software license, it is accounted for as a service contract. This amended guidance was adopted in the first quarter of fiscal 2017. The adoption of this guidance did not have an impact on the company's consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, Stock-based Compensation: Improvements to Employee Share-based Payment Accounting. This amended guidance simplifies several aspects of the accounting for share-based payment transactions, including the accounting for income taxes, forfeitures, statutory tax withholding requirements, and statement of cash flow classification. The company elected to early adopt this amended guidance effective November 1, 2016, which is the first quarter of fiscal 2017. The impact of the early adoption resulted in the following: • The company recorded a discrete tax benefit of $4.9 million related to the excess tax benefit on share-based awards within income tax expense for the three months ended February 3, 2017. Prior to the adoption of this standard, these tax benefits were included in additional paid-in capital on the consolidated balance sheets. Adoption of this standard could add increased volatility to the company's provision for income taxes mainly due to timing of stock option exercises, vesting of restricted stock units and common stock price. • The company elected not to change its policy on accounting for forfeitures and will continue to estimate a requisite forfeiture rate. • The company has elected to change its policy on tax withholding requirements and will allow participants to withhold up to the maximum statutory rate prospectively on new awards. As of November 1, 2016, the company did not have any outstanding liabilities on awards which would require a cumulative-effect adjustment to retained earnings. • The company no longer presents the cash received from excess tax benefits within cash flows from financing activities as this benefit is now reflected within cash flows from operating activities in the consolidated statements of cash flows. The company elected to apply this change retrospectively and the change resulted in a $4.9 million and $3.4 million increase in cash flows from operating activities for the three months ended February 3, 2017 and January 29, 2016, respectively. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory. This amended guidance removes the prohibition against the immediate recognition of the current and deferred tax effects of intra-entity transfers of assets other than inventory. This amended guidance was early adopted in the first quarter of fiscal 2017 using a modified retrospective basis. The company recorded a cumulative effect adjustment to the beginning balance of its retained earnings in the first quarter of fiscal 2017 for remaining unamortized deferred tax expense of intra-entity transfers of fixed assets totaling $2.4 million .

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Feb. 03, 2017
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories were as follows: February 3, January 29, October 31, (Dollars in thousands) Raw materials and work in process $ 107,170 $ 115,373 $ 90,463 Finished goods and service parts 353,290 370,703 274,929 Total FIFO value 460,460 486,076 365,392 Less: adjustment to LIFO value 58,357 64,040 58,358 Total inventories, net $ 402,103 $ 422,036 $ 307,034

Goodwill and Other Intangible24

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Feb. 03, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the net carrying amount of goodwill for the first three months of fiscal 2017 were as follows: (Dollars in thousands) Professional Segment Residential Segment Total Balance as of October 31, 2016 $ 184,338 $ 10,444 $ 194,782 Goodwill acquired 6,151 — 6,151 Translation adjustments 268 45 313 Balance as of February 3, 2017 $ 190,757 $ 10,489 $ 201,246
Schedule of Finite-Lived Intangible Assets	The components of other intangible assets as of February 3, 2017 were as follows: (Dollars in thousands) Gross Carrying Amount Accumulated Amortization Net Patents $ 15,142 $ (11,040 ) $ 4,102 Non-compete agreements 6,879 (6,742 ) 137 Customer-related 87,285 (15,517 ) 71,768 Developed technology 30,058 (24,519 ) 5,539 Trade names 29,469 (4,575 ) 24,894 Other 800 (800 ) — Total amortizable 169,633 (63,193 ) 106,440 Non-amortizable - trade names 4,342 — 4,342 Total other intangible assets, net $ 173,975 $ (63,193 ) $ 110,782 The components of other intangible assets as of October 31, 2016 were as follows: (Dollars in thousands) Gross Carrying Amount Accumulated Amortization Net Patents $ 15,151 $ (10,866 ) $ 4,285 Non-compete agreements 6,886 (6,681 ) 205 Customer-related 84,353 (14,434 ) 69,919 Developed technology 28,648 (23,712 ) 4,936 Trade names 28,715 (4,235 ) 24,480 Other 800 (800 ) — Total amortizable 164,553 (60,728 ) 103,825 Non-amortizable - trade names 4,268 — 4,268 Total other intangible assets, net $ 168,821 $ (60,728 ) $ 108,093
Schedule of Indefinite-Lived Intangible Assets	The components of other intangible assets as of February 3, 2017 were as follows: (Dollars in thousands) Gross Carrying Amount Accumulated Amortization Net Patents $ 15,142 $ (11,040 ) $ 4,102 Non-compete agreements 6,879 (6,742 ) 137 Customer-related 87,285 (15,517 ) 71,768 Developed technology 30,058 (24,519 ) 5,539 Trade names 29,469 (4,575 ) 24,894 Other 800 (800 ) — Total amortizable 169,633 (63,193 ) 106,440 Non-amortizable - trade names 4,342 — 4,342 Total other intangible assets, net $ 173,975 $ (63,193 ) $ 110,782 The components of other intangible assets as of October 31, 2016 were as follows: (Dollars in thousands) Gross Carrying Amount Accumulated Amortization Net Patents $ 15,151 $ (10,866 ) $ 4,285 Non-compete agreements 6,886 (6,681 ) 205 Customer-related 84,353 (14,434 ) 69,919 Developed technology 28,648 (23,712 ) 4,936 Trade names 28,715 (4,235 ) 24,480 Other 800 (800 ) — Total amortizable 164,553 (60,728 ) 103,825 Non-amortizable - trade names 4,268 — 4,268 Total other intangible assets, net $ 168,821 $ (60,728 ) $ 108,093

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Feb. 03, 2017
Stockholders' Equity Note [Abstract]
Schedule of components of accumulated other comprehensive loss (AOCL), net of tax	Components of accumulated other comprehensive loss (“AOCL”), net of tax, are as follows: February 3, January 29, October 31, (Dollars in thousands) Foreign currency translation adjustments $ 31,177 $ 29,393 $ 31,430 Pension and post-retirement benefits 6,495 5,112 6,359 Derivative instruments 426 1,188 647 Total accumulated other comprehensive loss $ 38,098 $ 35,693 $ 38,436
Schedule of components and activity of AOCL	The components and activity of AOCL for the first three months of fiscal 2017 are as follows: (Dollars in thousands) Foreign Currency Translation Adjustments Pension and Postretirement Benefits Cash Flow Derivative Instruments Total Balance as of October 31, 2016 $ 31,430 $ 6,359 $ 647 $ 38,436 Other comprehensive loss (income) before reclassifications (253 ) 136 102 (15 ) Amounts reclassified from AOCL — — (323 ) (323 ) Net current period other comprehensive loss (income) (253 ) 136 (221 ) (338 ) Balance as of February 3, 2017 $ 31,177 $ 6,495 $ 426 $ 38,098 The components and activity of AOCL for the first three months of fiscal 2016 are as follows: (Dollars in thousands) Foreign Currency Translation Adjustments Pension and Postretirement Benefits Cash Flow Derivative Instruments Total Balance as of October 31, 2015 $ 24,328 $ 5,386 $ 129 $ 29,843 Other comprehensive loss (income) before reclassifications 5,065 (274 ) 165 4,956 Amounts reclassified from AOCL — — 894 894 Net current period other comprehensive loss (income) 5,065 (274 ) 1,059 5,850 Balance as of January 29, 2016 $ 29,393 $ 5,112 $ 1,188 $ 35,693

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Feb. 03, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of assumptions for options granted	The following table illustrates the weighted-average valuation assumptions for options granted in the following fiscal periods: Fiscal 2017 Fiscal 2016 Expected life of option in years 6.02 5.98 Expected stock price volatility 22.15% 24.06% Risk-free interest rate 2.03% 1.81% Expected dividend yield 1.01% 1.24% Weighted-average fair value at date of grant $12.55 $8.79

Per Share Data (Tables)

Per Share Data (Tables)	3 Months Ended
	Feb. 03, 2017
Earnings Per Share [Abstract]
Reconciliations of basic and diluted weighted-average shares of common stock outstanding	Reconciliations of basic and diluted weighted-average shares of common stock outstanding are as follows: Three Months Ended February 3, January 29, (Shares in thousands) Basic Weighted-average number of shares of common stock 108,585 109,955 Assumed issuance of contingent shares 42 74 Weighted-average number of shares of common stock and assumed issuance of contingent shares 108,627 110,029 Diluted Weighted-average number of shares of common stock and assumed issuance of contingent shares 108,627 110,029 Effect of dilutive securities 2,147 2,297 Weighted-average number of shares of common stock, assumed issuance of contingent shares, and effect of dilutive securities 110,774 112,326 Shares and per share data have been adjusted for all periods presented to reflect a two -for-one stock split effective September 16, 2016.

Segment Data (Tables)

Segment Data (Tables)	3 Months Ended
	Feb. 03, 2017
Segment Reporting [Abstract]
Summarized financial information concerning reportable segments	The following table shows the summarized financial information concerning the company’s reportable segments: (Dollars in thousands) Three months ended February 3, 2017 Professional Residential Other Total Net sales $ 371,809 $ 140,390 $ 3,640 $ 515,839 Intersegment gross sales 4,556 74 (4,630 ) — Earnings (loss) before income taxes 68,166 16,558 (25,171 ) 59,553 Total assets 854,384 243,145 305,384 1,402,913 (Dollars in thousands) Three months ended January 29, 2016 Professional Residential Other Total Net sales $ 338,836 $ 144,284 $ 3,278 $ 486,398 Intersegment gross sales 5,717 68 (5,785 ) — Earnings (loss) before income taxes 61,592 16,739 (24,634 ) 53,697 Total assets 854,106 263,407 273,163 1,390,676
Summary of components of loss before income taxes included in Other segment	The following table summarizes the components of the loss before income taxes included in “Other” shown above: Three Months Ended February 3, January 29, (Dollars in thousands) Corporate expenses $ (23,961 ) $ (24,783 ) Interest expense, net (4,883 ) (4,654 ) Other 3,673 4,803 Total $ (25,171 ) $ (24,634 )

Warranty Guarantees (Tables)

Warranty Guarantees (Tables)	3 Months Ended
	Feb. 03, 2017
Product Warranties Disclosures [Abstract]
Schedule of warranty provisions, claims, and changes in estimates	Warranty provisions, claims, and changes in estimates for the first three months of fiscal 2017 and 2016 were as follows: Three Months Ended February 3, January 29, (Dollars in thousands) Beginning balance $ 72,158 $ 70,734 Warranty provisions 9,615 8,940 Warranty claims (9,794 ) (8,527 ) Changes in estimates 594 — Ending balance $ 72,573 $ 71,147

Derivative Instruments and He30

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Feb. 03, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of fair value of derivatives and consolidated balance sheet location	The following table presents the fair value of the company’s derivatives and consolidated balance sheet location. Fair Value at Fair Value at Fair Value at (Dollars in thousands) February 3, 2017 January 29, 2016 October 31, 2016 Asset Derivatives Derivatives Designated as Hedging Instruments Prepaid expenses and other current assets Forward currency contracts $ 1,552 $ 3,393 $ 1,535 Cross currency contract — 142 — Derivatives Not Designated as Hedging Instruments Prepaid expenses and other current assets Forward currency contracts 795 1,347 432 Cross currency contract — 2,218 — Total Assets $ 2,347 $ 7,100 $ 1,967 Liability Derivatives Derivatives Designated as Hedging Instruments Accrued liabilities Forward currency contracts $ 1,363 $ 2,967 $ 973 Derivatives Not Designated as Hedging Instruments Accrued liabilities Forward currency contracts 141 235 792 Total Liabilities $ 1,504 $ 3,202 $ 1,765
Schedule of impact of derivative instruments on consolidated statements of earnings for derivatives designated as cash flow hedging instruments	The following table presents the impact of derivative instruments on the consolidated statements of earnings for the company’s derivatives designated as cash flow hedging instruments for the three months ended February 3, 2017 and January 29, 2016 , respectively. Effective Portion Ineffective Portion and excluded from Effectiveness Testing Gain (Loss) Recognized in OCI on Derivatives Location of Gain (Loss) Reclassified from AOCL into Income Gain (Loss) Reclassified from AOCL into Income Location of Gain (Loss) Recognized in Income on Derivatives Gain (Loss) Recognized in Income on Derivatives (Dollars in thousands) February 3, January 29, February 3, January 29, February 3, January 29, For the three months ended Forward currency contracts $ (372 ) $ 565 Net sales $ 439 $ 1,080 Other income, net $ 397 $ (12 ) Forward currency contracts (152 ) (1,659 ) Cost of sales (762 ) (314 ) Cross currency contracts — 34 Other income, net — 128 Total derivatives designated as cash flow hedges $ (524 ) $ (1,060 ) Total $ (323 ) $ 894 Total $ 397 $ (12 )
Schedule of impact of derivative instruments on consolidated statements of earnings for derivatives not designated as hedging instruments	The following table presents the gain/(loss) of derivative instruments on the consolidated statements of earnings for the company’s derivatives not designated as hedging instruments. Three Months Ended Location of Gain (Loss) February 3, January 29, (Dollars in thousands) Forward currency contracts Other income, net $ 1,144 $ 1,337 Cross currency contracts Other income, net — 130 Total derivatives not designated as hedges $ 1,144 $ 1,467
Schedule of effects of master netting arrangements on fair value of derivative contracts recorded in consolidated balance sheets	The following table shows the effects of the master netting arrangements on the fair value of the company’s derivative contracts that are recorded in the consolidated balance sheets: (Dollars in thousands) February 3, 2017 January 29, 2016 October 31, 2016 Assets Forward currency contracts Gross Amounts of Recognized Assets $ 2,347 $ 4,740 $ 2,264 Gross Liabilities Offset in the Balance Sheets — — (297 ) Net Amounts of Assets Presented in the Balance Sheets 2,347 4,740 1,967 Cross currency contracts Gross Amounts of Recognized Assets — 2,360 — Net Amounts of Assets Presented in the Balance Sheets — 2,360 — Total Assets $ 2,347 $ 7,100 $ 1,967 Liabilities Forward currency contracts Gross Amounts of Recognized Liabilities $ (1,614 ) $ (3,202 ) $ (1,765 ) Gross Assets Offset in the Balance Sheets 110 — — Net Amounts of Liabilities Presented in the Balance Sheets (1,504 ) (3,202 ) (1,765 ) Total Liabilities $ (1,504 ) $ (3,202 ) $ (1,765 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Feb. 03, 2017
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured at fair value on a recurring basis	Assets and liabilities measured at fair value on a recurring basis, as of February 3, 2017 , January 29, 2016 , and October 31, 2016 are summarized below: (Dollars in thousands) Fair Value Measurements Using Inputs Considered as: February 3, 2017 Fair Value Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 158,893 $ 158,893 $ — $ — Forward currency contracts 2,347 — 2,347 — Total Assets $ 161,240 $ 158,893 $ 2,347 $ — Liabilities: Forward currency contracts $ 1,504 $ — $ 1,504 $ — Deferred compensation liabilities 1,017 — 1,017 — Total Liabilities $ 2,521 $ — $ 2,521 $ — (Dollars in thousands) Fair Value Measurements Using Inputs Considered as: January 29, 2016 Fair Value Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 118,140 $ 118,140 $ — $ — Forward currency contracts 4,740 — 4,740 — Cross currency contracts 2,360 — 2,360 — Total Assets $ 125,240 $ 118,140 $ 7,100 $ — Liabilities: Forward currency contracts $ 3,202 $ — $ 3,202 $ — Deferred compensation liabilities 1,524 — 1,524 — Total Liabilities $ 4,726 $ — $ 4,726 $ — (Dollars in thousands) Fair Value Measurements Using Inputs Considered as: October 31, 2016 Fair Value Level 1 Level 2 Level 3 Assets: Cash and cash equivalents $ 273,555 $ 273,555 $ — $ — Forward currency contracts 1,967 — 1,967 — Total Assets $ 275,522 $ 273,555 $ 1,967 $ — Liabilities: Forward currency contracts $ 1,765 $ — $ 1,765 $ — Deferred compensation liabilities 1,149 — 1,149 — Total Liabilities $ 2,914 $ — $ 2,914 $ —

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Millions	Jan. 29, 2016	Feb. 03, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Discrete tax benefit		$ 4.9
New Accounting Pronouncement, Early Adoption, Effect | Accounting Standards Update 2016-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase in cash flows from operating activities	$ 3.4	4.9
New Accounting Pronouncement, Early Adoption, Effect | Accounting Standards Update 2016-16
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment retained earnings		$ 2.4

Investment in Joint Venture (De

Investment in Joint Venture (Details) - USD ($) $ in Millions	3 Months Ended
	Feb. 03, 2017	Jan. 29, 2016	Jan. 31, 2017
Red Iron Acceptance, LLC
Schedule of Equity Method Investments
Period of unlimited automatic extensions after the initial term of joint venture	2 years
Portion owned by Toro (as a percent)	45.00%
Portion owned by TCFIF (as a percent)	55.00%
Investment in joint venture	$ 20.8
Maximum aggregate amount of products repossessed by Red Iron and the TCFIF Canadian affiliate, entity has agreed to repurchase in a calendar year	7.5
Net amount of new receivables financed for dealers and distributors	375	$ 336.1
Summarized financial information for Red Iron
Total assets			$ 403
Total liabilities			$ 356.9
Red Iron Acceptance, LLC | TCFIF secured revolving credit facility
Schedule of Equity Method Investments
Maximum borrowing capacity under credit facility	$ 550

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Feb. 03, 2017	Oct. 31, 2016	Jan. 29, 2016
Inventory Disclosure [Abstract]
Raw materials and work in process	$ 107,170	$ 90,463	$ 115,373
Finished goods and service parts	353,290	274,929	370,703
Total FIFO value	460,460	365,392	486,076
Less: adjustment to LIFO value	58,357	58,358	64,040
Total inventories, net	$ 402,103	$ 307,034	$ 422,036

Goodwill and Other Intangible35

Goodwill and Other Intangible Assets - Changes in Net Carrying Amount of Goodwill (Details) $ in Thousands	3 Months Ended
	Feb. 03, 2017USD ($)
Changes in the net carrying amount of goodwill
Goodwill, beginning balance	$ 194,782
Goodwill acquired	6,151
Translation adjustments	313
Goodwill, ending balance	201,246
Professional
Changes in the net carrying amount of goodwill
Goodwill, beginning balance	184,338
Goodwill acquired	6,151
Translation adjustments	268
Goodwill, ending balance	190,757
Residential
Changes in the net carrying amount of goodwill
Goodwill, beginning balance	10,444
Goodwill acquired	0
Translation adjustments	45
Goodwill, ending balance	$ 10,489

Goodwill and Other Intangible36

Goodwill and Other Intangible Assets - Components of Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 03, 2017	Jan. 29, 2016	Oct. 31, 2016
Other Intangible Assets
Gross Carrying Amount	$ 169,633		$ 164,553
Accumulated Amortization	(63,193)		(60,728)
Net	106,440		103,825
Non-amortizable - trade names	4,342		4,268
Total other intangible assets, gross	173,975		168,821
Total other intangible assets, net	110,782	$ 116,123	108,093
Amortization expense for intangible assets	2,400	$ 3,200
Estimated amortization expense
Fiscal 2017 (remainder)	7,500
Fiscal 2,018	8,000
Fiscal 2,019	7,100
Fiscal 2,020	6,500
Fiscal 2,021	6,100
Fiscal 2,022	6,000
After 2,022	65,200
Patents
Other Intangible Assets
Gross Carrying Amount	15,142		15,151
Accumulated Amortization	(11,040)		(10,866)
Net	4,102		4,285
Non-compete agreements
Other Intangible Assets
Gross Carrying Amount	6,879		6,886
Accumulated Amortization	(6,742)		(6,681)
Net	137		205
Customer-related
Other Intangible Assets
Gross Carrying Amount	87,285		84,353
Accumulated Amortization	(15,517)		(14,434)
Net	71,768		69,919
Developed technology
Other Intangible Assets
Gross Carrying Amount	30,058		28,648
Accumulated Amortization	(24,519)		(23,712)
Net	5,539		4,936
Trade names
Other Intangible Assets
Gross Carrying Amount	29,469		28,715
Accumulated Amortization	(4,575)		(4,235)
Net	24,894		24,480
Other
Other Intangible Assets
Gross Carrying Amount	800		800
Accumulated Amortization	(800)		(800)
Net	$ 0		$ 0

Stockholders' Equity - Componen

Stockholders' Equity - Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Feb. 03, 2017	Oct. 31, 2016	Jan. 29, 2016
Accumulated other comprehensive loss (AOCL)
Foreign currency translation adjustments	$ 31,177	$ 31,430	$ 29,393
Pension and post-retirement benefits	6,495	6,359	5,112
Derivative instruments	426	647	1,188
Total accumulated other comprehensive loss	$ 38,098	$ 38,436	$ 35,693

Stockholders' Equity - Compon38

Stockholders' Equity - Components and Activity of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 03, 2017	Jan. 29, 2016
Components and activity of accumulated other comprehensive loss
Balance as of the beginning of the fiscal period	$ (550,035)
Net current period other comprehensive loss (income)	(338)	$ 5,850
Balance as of the end of the fiscal period	(513,036)	(459,929)
Accumulated Other Comprehensive Loss
Components and activity of accumulated other comprehensive loss
Balance as of the beginning of the fiscal period	38,436	29,843
Other comprehensive loss before reclassifications	(15)	4,956
Amounts reclassified from AOCL	(323)	894
Net current period other comprehensive loss (income)	(338)	5,850
Balance as of the end of the fiscal period	38,098	35,693
Foreign Currency Translation Adjustments
Components and activity of accumulated other comprehensive loss
Balance as of the beginning of the fiscal period	31,430	24,328
Other comprehensive loss before reclassifications	(253)	5,065
Amounts reclassified from AOCL	0	0
Net current period other comprehensive loss (income)	(253)	5,065
Balance as of the end of the fiscal period	31,177	29,393
Pension and Postretirement Benefits
Components and activity of accumulated other comprehensive loss
Balance as of the beginning of the fiscal period	6,359	5,386
Other comprehensive loss before reclassifications	136	(274)
Amounts reclassified from AOCL	0	0
Net current period other comprehensive loss (income)	136	(274)
Balance as of the end of the fiscal period	6,495	5,112
Cash Flow Derivative Instruments
Components and activity of accumulated other comprehensive loss
Balance as of the beginning of the fiscal period	647	129
Other comprehensive loss before reclassifications	102	165
Amounts reclassified from AOCL	(323)	894
Net current period other comprehensive loss (income)	(221)	1,059
Balance as of the end of the fiscal period	$ 426	$ 1,188

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Option Awards (Details) - $ / shares	3 Months Ended
	Feb. 03, 2017	Jan. 29, 2016
Employee Stock Option Awards | Executive officers
Stock-Based Compensation
Frequency of grants	On an annual basis in the first quarter of the company's fiscal year
Term of award	10 years
Employee Stock Option Awards | Executive officers | Graded vesting
Stock-Based Compensation
Vesting (as a percent)	33.333%
Award vesting period	3 years
Employee Stock Option Awards | Other employees
Stock-Based Compensation
Frequency of grants	On an annual basis in the first quarter of the company's fiscal year
Term of award	10 years
Employee Stock Option Awards | Other employees | Graded vesting
Stock-Based Compensation
Vesting (as a percent)	33.333%
Award vesting period	3 years
Employee Stock Option Awards | Certain employees
Stock-Based Compensation
Term of award	10 years
Employee Stock Option Awards | Certain employees | Cliff vesting
Stock-Based Compensation
Award vesting period	3 years
Stock Option Awards
Assumptions for options granted
Expected life of option in years	6 years 7 days	5 years 11 months 23 days
Expected stock price volatility (as a percent)	22.15%	24.06%
Risk-free interest rate (as a percent)	2.03%	1.81%
Expected dividend yield (as a percent)	1.01%	1.24%
Weighted-average fair value at date of grant (in dollars per share)	$ 12.55	$ 8.79
Stock Option Awards | Non-employee members of Board of Directors
Stock-Based Compensation
Frequency of grants	On an annual basis in the first quarter of the company's fiscal year
Term of award	10 years
Requisite service period for non-employee director after which fair value of options granted is fully expensed on the date of grant	10 years
Stock Option Awards | Non-employee members of Board of Directors | Graded vesting
Stock-Based Compensation
Vesting (as a percent)	33.333%
Award vesting period	3 years

Stock-Based Compensation - Perf

Stock-Based Compensation - Performance Share Awards and Restricted Stock and Restricted Stock Unit Awards (Details) - $ / shares	3 Months Ended
	Feb. 03, 2017	Jan. 29, 2016
Performance Share Awards
Stock-Based Compensation
Frequency of grants	On an annual basis in the first quarter of the company's fiscal year
Performance goal period	3 years
Award vesting period	3 years
Weighted-Average Fair Value at Date of Grant
Granted (in dollars per share)	$ 54.52	$ 38.89
Performance Share Awards | Maximum
Stock-Based Compensation
Vesting (as a percent)	200.00%
Performance Share Awards | Minimum
Stock-Based Compensation
Vesting (as a percent)	0.00%
Restricted Stock and Restricted Stock Unit Awards
Weighted-Average Fair Value at Date of Grant
Granted (in dollars per share)	$ 56.67	$ 38.62
Restricted Stock and Restricted Stock Unit Awards | Graded vesting
Stock-Based Compensation
Vesting (as a percent)	33.333%
Award vesting period	3 years
Restricted Stock and Restricted Stock Unit Awards | Cliff vesting
Stock-Based Compensation
Award vesting period	3 years

Per Share Data (Details)

Per Share Data (Details)	Sep. 16, 2016	Feb. 03, 2017shares	Jan. 29, 2016shares
Basic
Weighted-average number of shares of common stock		108,585,000	109,955,000
Assumed issuance of contingent shares		42,000	74,000
Weighted-average number of shares of common stock and assumed issuance of contingent shares		108,627,000	110,029,000
Diluted
Weighted-average number of shares of common stock and assumed issuance of contingent shares		108,627,000	110,029,000
Effect of dilutive securities		2,147,000	2,297,000
Weighted-average number of shares of common stock, assumed issuance of contingent shares, and effect of dilutive securities		110,774,000	112,326,000
Stock split, conversion ratio	2
Options, restricted stock, and restricted stock units, excluded from the diluted earnings per share		317,757	398,562

Segment Data - Summarized Finan

Segment Data - Summarized Financial Information of Reportable Segments (Details) $ in Thousands	3 Months Ended
	Feb. 03, 2017USD ($)segment	Jan. 29, 2016USD ($)	Oct. 31, 2016USD ($)
Financial information concerning reportable segments
Number of reportable business segments | segment	3
Net sales	$ 515,839	$ 486,398
Intersegment gross sales	0	0
Earnings (loss) before income taxes	59,553	53,697
Total assets	1,402,913	1,390,676	$ 1,384,572
Professional
Financial information concerning reportable segments
Net sales	371,809	338,836
Earnings (loss) before income taxes	68,166	61,592
Total assets	854,384	854,106
Residential
Financial information concerning reportable segments
Net sales	140,390	144,284
Earnings (loss) before income taxes	16,558	16,739
Total assets	243,145	263,407
Other
Financial information concerning reportable segments
Net sales	3,640	3,278
Earnings (loss) before income taxes	(25,171)	(24,634)
Total assets	305,384	273,163
Intersegment | Professional
Financial information concerning reportable segments
Intersegment gross sales	4,556	5,717
Intersegment | Residential
Financial information concerning reportable segments
Intersegment gross sales	74	68
Intersegment | Other
Financial information concerning reportable segments
Intersegment gross sales	$ (4,630)	$ (5,785)

Segment Data - Components of Lo

Segment Data - Components of Loss before Income Taxes Included in Other (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 03, 2017	Jan. 29, 2016
Components of the loss before income taxes included in "Other"
Interest expense, net	$ (4,883)	$ (4,654)
Other	3,866	4,512
Earnings before income taxes	59,553	53,697
Other
Components of the loss before income taxes included in "Other"
Corporate expenses	(23,961)	(24,783)
Interest expense, net	(4,883)	(4,654)
Other	3,673	4,803
Earnings before income taxes	$ (25,171)	$ (24,634)

Warranty Guarantees (Details)

Warranty Guarantees (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 03, 2017	Jan. 29, 2016
Warranty provisions, claims, and changes in estimates
Beginning balance	$ 72,158	$ 70,734
Warranty provisions	9,615	8,940
Warranty claims	(9,794)	(8,527)
Changes in estimates	594	0
Ending balance	$ 72,573	$ 71,147

Derivative Instruments and He45

Derivative Instruments and Hedging Activities - General, Notional Amount and Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 03, 2017	Oct. 31, 2016	Jan. 29, 2016
Fair value of derivatives
Maximum time limit for cash flow hedge	2 years
Asset Derivatives	$ 2,347	$ 1,967	$ 7,100
Derivative Liability	1,504	1,765	3,202
Forward currency contracts
Fair value of derivatives
Asset Derivatives	2,347	1,967	4,740
Derivative Liability	1,504	1,765	3,202
Forward currency contracts | Derivatives Designated as Hedging Instruments
Fair value of derivatives
Notional amount	104,200
Forward currency contracts | Derivatives Designated as Hedging Instruments | Prepaid expenses and other current assets
Fair value of derivatives
Asset Derivatives	1,552	1,535	3,393
Forward currency contracts | Derivatives Designated as Hedging Instruments | Accrued liabilities
Fair value of derivatives
Derivative Liability	1,363	973	2,967
Forward currency contracts | Derivatives Not Designated as Hedging Instruments | Prepaid expenses and other current assets
Fair value of derivatives
Asset Derivatives	795	432	1,347
Forward currency contracts | Derivatives Not Designated as Hedging Instruments | Accrued liabilities
Fair value of derivatives
Derivative Liability	141	792	235
Cross currency contracts
Fair value of derivatives
Asset Derivatives	0	0	2,360
Cross currency contracts | Derivatives Designated as Hedging Instruments | Prepaid expenses and other current assets
Fair value of derivatives
Asset Derivatives	0	0	142
Cross currency contracts | Derivatives Not Designated as Hedging Instruments | Prepaid expenses and other current assets
Fair value of derivatives
Asset Derivatives	$ 0	$ 0	$ 2,218

Derivative Instruments and He46

Derivative Instruments and Hedging Activities - Impact on Earnings (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 03, 2017	Jan. 29, 2016
Derivative Instruments and Hedging Activities
Expected reclassification of gains from AOCL to earnings during the next twelve months	$ (300)
Derivatives Not Designated as Hedging Instruments
Derivative Instruments and Hedging Activities
Gain (Loss) Recognized in Net Earnings	1,144	$ 1,467
Forward currency contracts | Derivatives Not Designated as Hedging Instruments | Other income, net
Derivative Instruments and Hedging Activities
Gain (Loss) Recognized in Net Earnings	1,144	1,337
Cross currency contracts | Derivatives Not Designated as Hedging Instruments | Other income, net
Derivative Instruments and Hedging Activities
Gain (Loss) Recognized in Net Earnings	0	130
Cash flow hedging
Derivative Instruments and Hedging Activities
Gain (Loss) Recognized in OCI on Derivatives, Effective Portion	(524)	(1,060)
Gain (Loss) Reclassified from AOCL into Income Effective Portion	(323)	894
Gain (Loss) Recognized in Income on Derivatives Ineffective Portion and Excluded from Effectiveness Testing	397	(12)
Cash flow hedging | Forward currency contracts | Net sales
Derivative Instruments and Hedging Activities
Gain (Loss) Recognized in OCI on Derivatives, Effective Portion	(372)	565
Gain (Loss) Reclassified from AOCL into Income Effective Portion	439	1,080
Cash flow hedging | Forward currency contracts | Cost of sales
Derivative Instruments and Hedging Activities
Gain (Loss) Recognized in OCI on Derivatives, Effective Portion	(152)	(1,659)
Gain (Loss) Reclassified from AOCL into Income Effective Portion	(762)	(314)
Cash flow hedging | Forward currency contracts | Other income, net
Derivative Instruments and Hedging Activities
Gain (Loss) Recognized in Income on Derivatives Ineffective Portion and Excluded from Effectiveness Testing	397	(12)
Cash flow hedging | Cross currency contracts | Other income, net
Derivative Instruments and Hedging Activities
Gain (Loss) Recognized in OCI on Derivatives, Effective Portion	0	34
Gain (Loss) Reclassified from AOCL into Income Effective Portion	$ 0	$ 128

Derivative Instruments and He47

Derivative Instruments and Hedging Activities - Effects of Master Netting Arrangements (Details) - USD ($) $ in Thousands	Feb. 03, 2017	Oct. 31, 2016	Jan. 29, 2016
Assets
Net Amounts of Assets Presented in the Balance Sheets	$ 2,347	$ 1,967	$ 7,100
Liabilities
Net Amounts of Liabilities Presented in the Balance Sheets	(1,504)	(1,765)	(3,202)
Forward currency contracts
Assets
Gross Amounts of Recognized Assets	2,347	2,264	4,740
Gross Liabilities Offset in the Balance Sheets	0	(297)	0
Net Amounts of Assets Presented in the Balance Sheets	2,347	1,967	4,740
Liabilities
Gross Amounts of Recognized Liabilities	(1,614)	(1,765)	(3,202)
Gross Assets Offset in the Balance Sheets	110	0	0
Net Amounts of Liabilities Presented in the Balance Sheets	(1,504)	(1,765)	(3,202)
Cross currency contracts
Assets
Gross Amounts of Recognized Assets	0	0	2,360
Net Amounts of Assets Presented in the Balance Sheets	$ 0	$ 0	$ 2,360

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Feb. 03, 2017	Oct. 31, 2016	Jan. 29, 2016
Assets:
Derivative assets	$ 2,347	$ 1,967	$ 7,100
Liabilities:
Derivative liabilities	1,504	1,765	3,202
Transfer of assets from level 1 to level 2	0	0	0
Transfer of assets from level 2 to level 1	0	0	0
Transfer of liabilities from level 1 to level 2	0	0	0
Transfer of liabilities from level 2 to level 1	0	0	0
Forward currency contracts
Assets:
Derivative assets	2,347	1,967	4,740
Liabilities:
Derivative liabilities	1,504	1,765	3,202
Cross currency contracts
Assets:
Derivative assets	0	0	2,360
Measured on a recurring basis
Assets:
Cash and cash equivalents	158,893	273,555	118,140
Total Assets	161,240	275,522	125,240
Liabilities:
Deferred compensation liabilities	1,017	1,149	1,524
Total Liabilities	2,521	2,914	4,726
Measured on a recurring basis | Forward currency contracts
Assets:
Derivative assets	2,347	1,967	4,740
Liabilities:
Derivative liabilities	1,504	1,765	3,202
Measured on a recurring basis | Cross currency contracts
Assets:
Derivative assets			2,360
Measured on a recurring basis | Level 1
Assets:
Cash and cash equivalents	158,893	273,555	118,140
Total Assets	158,893	273,555	118,140
Measured on a recurring basis | Level 2
Assets:
Total Assets	2,347	1,967	7,100
Liabilities:
Deferred compensation liabilities	1,017	1,149	1,524
Total Liabilities	2,521	2,914	4,726
Measured on a recurring basis | Level 2 | Forward currency contracts
Assets:
Derivative assets	2,347	1,967	4,740
Liabilities:
Derivative liabilities	$ 1,504	$ 1,765	3,202
Measured on a recurring basis | Level 2 | Cross currency contracts
Assets:
Derivative assets			$ 2,360