The Toro Company (TTC) 10-K 20 Dec 19 2019 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
	Oct. 31, 2019	Dec. 13, 2019	May 03, 2019
Cover page.
Document Type	10-K
Document Annual Report	true
Document Period End Date	Oct. 31, 2019
Document Transition Report	false
Entity File Number	1-8649
Entity Registrant Name	THE TORO COMPANY
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-0580470
Entity Address, Address Line One	8111 Lyndale Avenue South
Entity Address, City or Town	Bloomington
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55420-1196
City Area Code	952
Local Phone Number	888-8801
Title of 12(b) Security	Common Stock, par value $1.00 per share
Trading Symbol	TTC
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 8
Entity Common Stock, Shares Outstanding		106,833,222
Documents Incorporated by Reference	Portions of the registrant's definitive Proxy Statement for the 2020 Annual Meeting of Shareholders expected to be held March 17, 2020 are incorporated by reference into Part III of this Annual Report on Form 10-K.
Entity Central Index Key	0000737758
Amendment Flag	false
Current Fiscal Year End Date	--10-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Income Statement [Abstract]
Net sales	$ 3,138,084	$ 2,618,650	$ 2,505,176
Cost of sales	2,090,121	1,677,639	1,584,339
Gross profit	1,047,963	941,011	920,837
Selling, general and administrative expense	722,934	567,926	565,727
Operating earnings	325,029	373,085	355,110
Interest expense	(28,835)	(19,096)	(19,113)
Other income, net	25,939	18,408	17,187
Earnings before income taxes	322,133	372,397	353,184
Provision for income taxes	48,150	100,458	85,467
Net earnings	$ 273,983	$ 271,939	$ 267,717
Basic net earnings per share of common stock (in dollars per share)	$ 2.57	$ 2.56	$ 2.47
Diluted net earnings per share of common stock (in dollars per share)	$ 2.53	$ 2.50	$ 2.41
Weighted-average number of shares of common stock outstanding - Basic (in shares)	106,773	106,369	108,312
Weighted-average number of shares of common stock outstanding - Diluted (in shares)	108,090	108,657	111,252

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Statement of Comprehensive Income [Abstract]
Net earnings	$ 273,983	$ 271,939	$ 267,717
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net of tax of $(16), $(222), and $0, respectively	(1,314)	(8,408)	10,127
Pension and retiree medical benefits, net of tax of $(1,305), $254, and $2,536, respectively	(2,498)	7,415
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax			(158)
Pension and retiree medical benefits, net of tax of $(1,305), $254, and $2,536, respectively	(4,300)	1,035	4,347
Other comprehensive income (loss), net of tax	(8,112)	42	14,316
Comprehensive income	$ 265,871	$ 271,981	$ 282,033

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, tax	$ (16)	$ (222)	$ 0
Derivative instruments, tax	(862)	2,899
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax			(1,123)
Pension and retiree medical benefits, tax	$ (1,305)	$ (254)	$ (2,536)

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2019	Oct. 31, 2018
ASSETS
Cash and cash equivalents	$ 151,828	$ 289,124
Receivables, net:
Customers, net of allowances (2019 - $3,270; 2018 - $2,228)	242,196	185,128
Other	26,572	8,050
Total receivables, net	268,768	193,178
Inventories, net	651,663	358,259
Prepaid expenses and other current assets	50,632	54,076
Total current assets	1,122,891	894,637
Property, plant and equipment, net	437,317	271,459
Deferred income taxes	6,251	38,252
Goodwill	362,253	225,290
Other intangible assets, net	352,374	105,649
Other assets	49,461	35,697
Total assets	2,330,547	1,570,984
LIABILITIES AND STOCKHOLDERS' EQUITY
Current portion of long-term debt	79,914	0
Accounts payable	319,230	256,575
Accrued liabilities:
Warranty	96,604	76,214
Advertising and marketing programs	103,417	89,450
Compensation and benefit costs	76,862	50,850
Insurance	11,164	7,909
Interest	9,903	7,249
Other	59,876	44,388
Total current liabilities	756,970	532,635
Long-term debt, less current portion	620,899	312,549
Deferred income taxes	50,579	1,397
Other long-term liabilities	42,521	55,487
Stockholders' equity:
Preferred stock, par value $1.00 per share, authorized 1,000,000 voting and 850,000 non-voting shares, none issued and outstanding	0	0
Common stock, par value $1.00 per share, authorized 175,000,000 shares; issued and outstanding 106,742,082 shares as of October 31, 2019 and 105,600,652 shares as of October 31, 2018	106,742	105,601
Retained earnings	784,885	587,252
Accumulated other comprehensive loss	(32,049)	(23,937)
Total stockholders' equity	859,578	668,916
Total liabilities and stockholders' equity	$ 2,330,547	$ 1,570,984

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 31, 2019	Oct. 31, 2018
Statement of Financial Position [Abstract]
Customers, allowance for doubtful accounts (in dollars)	$ 3,270	$ 2,228
Preferred stock
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, authorized (in shares)	175,000,000	175,000,000
Common stock, issued (in shares)	106,742,082	105,600,652
Common stock, outstanding (in shares)	106,742,082	105,600,652
Voting Preferred Stock
Preferred stock
Preferred stock, authorized (in shares)	1,000,000	1,000,000
Nonvoting Preferred Stock
Preferred stock
Preferred stock, authorized (in shares)	850,000	850,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Cash flows from operating activities:
Net earnings	$ 273,983	$ 271,939	$ 267,717
Adjustments to reconcile net earnings to net cash provided by operating activities:
Non-cash income from finance affiliate	(11,948)	(11,143)	(9,960)
Distributions from finance affiliate, net	10,343	9,228	8,050
Depreciation of property, plant and equipment	69,314	53,484	54,679
Amortization of other intangible assets	18,384	7,793	10,307
Fair value step-up adjustment to acquired inventory	39,368	0	0
Stock-based compensation expense	13,429	12,161	13,517
Deferred income taxes	(6,190)	25,255	(6,887)
Other	6,357	507	202
Changes in operating assets and liabilities, net of effect of acquisitions:
Receivables, net	(11,042)	(10,365)	(17,701)
Inventories, net	(104,832)	(29,770)	(15,611)
Prepaid expenses and other assets	9,747	(11,744)	(3,424)
Accounts payable, accrued liabilities, deferred revenue and other long-term liabilities	30,458	47,460	59,859
Net cash provided by operating activities	337,371	364,805	360,748
Cash flows from investing activities:
Purchases of property, plant and equipment	(92,881)	(90,124)	(58,276)
Proceeds from asset disposals	4,669	151	199
Proceeds from sale of a business	12,941	0	0
Investments in unconsolidated entities	(200)	(6,750)	(1,500)
Acquisitions, net of cash acquired	(697,471)	(31,202)	(24,181)
Net cash used in investing activities	(772,942)	(127,925)	(83,758)
Cash flows from financing activities:
Borrowings under debt arrangements	900,000	0	0
Repayments under debt arrangements	(511,000)	(19,757)	(19,136)
Proceeds from exercise of stock options	29,336	17,243	10,274
Payments of withholding taxes for stock awards	(2,662)	(4,095)	(1,294)
Purchases of Toro common stock	(20,043)	(160,435)	(159,354)
Dividends paid on Toro common stock	(96,133)	(85,031)	(75,758)
Net cash provided by (used in) financing activities	299,498	(252,075)	(245,268)
Effect of exchange rates on cash and cash equivalents	(1,223)	(5,937)	4,979
Net (decrease) increase in cash and cash equivalents	(137,296)	(21,132)	36,701
Cash and cash equivalents as of the beginning of the fiscal period	289,124	310,256	273,555
Cash and cash equivalents as of the end of the fiscal period	151,828	289,124	310,256
Cash paid during the fiscal year for:
Interest	30,167	19,979	19,457
Income taxes	$ 54,738	$ 75,805	$ 97,057

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive Loss
Balance at Oct. 31, 2016	$ 550,035	$ 108,427	$ 480,044	$ (38,436)
Increase (Decrease) in Stockholders' Equity
Cash dividends paid on common stock	(75,758)		(75,758)
Issuance of shares for stock options exercised and restricted stock units vested	9,454	1,186	8,268
Stock-based compensation expense	13,517		13,517
Contribution of stock to a deferred compensation trust	820		820
Purchase of shares of common stock	(160,648)	(2,730)	(157,918)
Other comprehensive income (loss)	14,316			14,316
Net earnings	267,717		267,717
Balance at Oct. 31, 2017	617,092	106,883	534,329	(24,120)
Increase (Decrease) in Stockholders' Equity
Cash dividends paid on common stock	(85,031)		(85,031)
Issuance of shares for stock options exercised and restricted stock units vested	15,806	1,496	14,310
Stock-based compensation expense	12,161		12,161
Contribution of stock to a deferred compensation trust	1,437		1,437
Purchase of shares of common stock	(164,530)	(2,778)	(161,752)
Other comprehensive income (loss)	42			42
Net earnings	271,939		271,939
Balance at Oct. 31, 2018	668,916	105,601	587,252	(23,937)
Increase (Decrease) in Stockholders' Equity
Cash dividends paid on common stock	(96,133)		(96,133)
Issuance of shares for stock options exercised and restricted stock units vested	27,932	1,545	26,387
Stock-based compensation expense	13,429		13,429
Contribution of stock to a deferred compensation trust	1,404		1,404
Purchase of shares of common stock	(22,705)	(404)	(22,301)
Other comprehensive income (loss)	(8,112)			(8,112)
Net earnings	273,983		273,983
Balance at Oct. 31, 2019	$ 859,578	$ 106,742	$ 784,885	$ (32,049)

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Statement of Stockholders' Equity [Abstract]
Cash dividends paid on common stock (in dollars per share)	$ 0.90	$ 0.80	$ 0.70
Issuance of options (in shares)	1,544,962	1,495,367	1,185,601
Purchase of shares of common stock (in shares)	403,532	2,777,687	2,730,022

Summary of Significant Accounti

Summary of Significant Accounting Policies and Related Data	12 Months Ended
	Oct. 31, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RELATED DATA	1 Summary of Significant Accounting Policies and Related Data Basis of Presentation and Consolidation The accompanying Consolidated Financial Statements include the accounts of The Toro Company and its wholly-owned subsidiaries (the "company" or "Toro"). The company uses the equity method to account for equity investments in unconsolidated entities over which it has the ability to exercise significant influence over operating and financial policies. Consolidated net earnings include the company's share of the net earnings (losses) of these equity method investments. Equity investments in unconsolidated entities that the company does not control and for which it does not have the ability to exercise significant influence over operating and financial policies are recorded at cost, less impairment, as applicable, within the Consolidated Balance Sheets. All intercompany accounts and transactions have been eliminated from the Consolidated Financial Statements. Accounting Estimates In preparing the Consolidated Financial Statements in conformity with United States ("U.S.") generally accepted accounting principles ("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, income tax accruals, inventory valuation, warranty reserves, allowance for doubtful accounts, pension and post-retirement accruals, self-insurance accruals, useful lives for tangible and definite-lived intangible assets, future cash flows associated with impairment testing for goodwill, indefinite-lived intangible assets and other long-lived assets, and valuations of the assets acquired and liabilities assumed in a business combination, when applicable. These estimates and assumptions are based on management's best estimates and judgments at the time they are made and are generally derived from management's understanding and analysis of the relevant circumstances, historical experience, and actuarial and other independent external third-party specialist valuations, when applicable. 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. Business Combinations The company accounts for the acquisition of a business in accordance with the accounting standards codification guidance for business combinations, whereby the total consideration transferred is allocated to the assets acquired and liabilities assumed, including amounts attributable to non-controlling interests, when applicable, based on their respective estimated fair values as of the date of acquisition. Goodwill represents the excess of consideration transferred over the estimated fair value of the net assets acquired in a business combination. Assigning estimated fair values to the assets acquired and liabilities assumed requires the use of significant estimates, judgments, inputs, and assumptions regarding the fair value of the assets acquired and liabilities assumed. Estimated fair values of assets acquired and liabilities assumed are based on available historical information, future expectations, and assumptions determined to be reasonable but are inherently uncertain with respect to future events, including economic conditions, competition, the useful life of the acquired assets and other factors. The company may refine the estimated fair values of assets acquired and liabilities assumed, if necessary, over a period not to exceed one year from the date of acquisition by taking into consideration new information that, if known at the date of acquisition, would have affected the estimated fair values ascribed to the assets acquired and liabilities assumed. The judgments made in determining the estimated fair value assigned to assets acquired and liabilities assumed, as well as the estimated useful life and depreciation or amortization method of each asset, can materially impact the net earnings of the periods subsequent to the acquisition through depreciation and amortization, and in certain instances through impairment charges, if the asset becomes impaired in the future. During the measurement period, any purchase price allocation changes that impact the carrying value of goodwill affects any measurement of goodwill impairment taken during the measurement period, if applicable. Refer to Note 2 , Business Combinations , for additional information regarding the company's accounting for recent business combinations. Cash and Cash Equivalents The company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Cash equivalents are stated at cost, which approximates fair value. As of October 31, 2019 and 2018 , cash and cash equivalents held by the company's foreign subsidiaries were approximately $97.5 million and $104.3 million , respectively. Receivables The company's financial exposure to collection of accounts receivable is primarily reduced due to its Red Iron Acceptance, LLC ("Red Iron") joint venture with TCF Inventory Finance, Inc. ("TCFIF"), as further discussed in Note 11 , Investment in Joint Venture . The company also has floor plan financing agreements with separate third-party financial institutions to provide inventory financing to certain dealers not financed through Red Iron, which include agreements with third-party financial institutions as a result of the company's acquisition of The Charles Machine Works, Inc. ("CMW"). For receivables not serviced through Red Iron or other third-party floor plan financing agreements, the company grants credit to customers in the normal course of business and performs on-going credit evaluations of customers. Receivables are recorded at original carrying amount less estimated allowance for doubtful accounts. Allowance for Doubtful Accounts The company estimates the balance of allowance for doubtful accounts by analyzing the age of accounts and notes receivable balances and applying historical write-off trend rates. The company also estimates separately, specific customer balances when it is deemed probable that the balance is uncollectible. Account balances are charged off against the allowance when all collection efforts have been exhausted. Inventory Valuations Inventories are valued at the lower of cost or net realizable value, with cost determined by the first-in, first-out ("FIFO") method for 54.0 percent and 31.0 percent of total inventories as of October 31, 2019 and 2018 , respectively. The last-in, first-out ("LIFO") and average cost methods are used for all other inventories. The company's percentage of inventories valued under the FIFO method of accounting increased as a result of the company's acquisition of CMW on April 1, 2019. During fiscal 2019 and fiscal 2018 , LIFO layers were not materially reduced. Additionally, 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 planned production, as well as planned and historical sales of the inventory. Inventories, net were as follows (in thousands): October 31 2019 2018 Raw materials and work in process $ 179,967 $ 115,280 Finished goods and service parts 553,767 315,179 Total FIFO value 733,734 430,459 Less: adjustment to LIFO value 82,071 72,200 Total inventories, net $ 651,663 $ 358,259 Property and Depreciation Property, plant and equipment are carried at cost less accumulated depreciation. The company provides for depreciation of property, plant and equipment utilizing the straight-line method over the estimated useful lives of the assets. Buildings and leasehold improvements are generally depreciated over 10 to 40 years , machinery and equipment are generally depreciated over two to 15 years , tooling is generally depreciated over three to five years , and computer hardware and software and website development costs are generally depreciated over two to five years . Expenditures for major renewals and improvements, which substantially increase the useful lives of existing assets, are capitalized, and expenditures for general maintenance and repairs are charged to operating expenses as incurred. Interest is capitalized during the construction period for significant capital projects. During the fiscal years ended October 31, 2019 , 2018 , and 2017 , the company capitalized $1.3 million , $0.9 million , and $0.3 million of interest, respectively. Property, plant and equipment was as follows (in thousands): October 31 2019 2018 Land and land improvements $ 55,613 $ 39,607 Buildings and leasehold improvements 276,556 209,686 Machinery and equipment 453,314 349,550 Tooling 226,870 211,756 Computer hardware and software 94,409 83,338 Construction in process 34,937 35,044 Subtotal 1,141,699 928,981 Less: accumulated depreciation 704,382 657,522 Total property, plant, and equipment, net $ 437,317 $ 271,459 During fiscal years 2019 , 2018 , and 2017 , the company recorded depreciation expense of $69.3 million , $53.5 million , and $54.7 million , respectively. Goodwill and Indefinite-Lived Intangible Assets Goodwill represents the cost of business combinations in excess of the fair values assigned to identifiable net assets acquired. Goodwill is assigned to reporting units based upon the expected benefit of the synergies of the acquisition. Goodwill and certain trade names, which are considered to have indefinite lives, are not amortized; however, the company reviews them for impairment annually during the fourth quarter of each fiscal year or more frequently if changes in circumstances or the occurrence of events indicate that the fair value may not be recoverable. During the fourth quarter of fiscal 2019 , the company performed its annual goodwill impairment test. In performing the annual goodwill impairment test, the company first reviewed its reporting units and determined that it has ten reporting units, which are the same as its ten operating segments. Eight reporting units contain goodwill on their respective balance sheets. Next, the company elected to bypass the qualitative assessment and move directly to the quantitative goodwill impairment analysis. In performing the quantitative goodwill impairment analysis, the company compared the carrying value of each reporting unit, including goodwill, to its fair value. The carrying value of each reporting unit was determined based on the amount of equity required for the reporting unit's activities, considering the specific assets and liabilities of the reporting unit. The company did not assign corporate assets and liabilities that do not relate to the operations of the reporting unit, or are not considered in determining the fair value of the reporting unit, to the reporting units. The company's estimate of the respective fair values of its reporting units was determined under the income approach, which utilized various inputs and assumptions, including projected operating results and growth rates from the company's forecasting process, applicable tax rates, and a weighted-average cost of capital rate. Where available, and as appropriate, comparable market multiples and the company's market capitalization were also utilized to corroborate the results of the discounted cash flow models under the income approach. Based on the quantitative goodwill impairment analysis, the company determined there was no impairment of goodwill during fiscal 2019 for any of its reporting units as the fair values of the reporting units exceeded their carrying values, including goodwill. Further, no impairment of goodwill was recorded during fiscal years 2018 and 2017 . During the fourth quarter of fiscal 2019 , the company also performed a quantitative impairment analysis for its indefinite-lived intangible assets, which consist of certain trade names. The company's estimate of the fair values of its trade names are based on a discounted cash flow model, which utilized various inputs and assumptions, including: projected revenues from the company's forecasting process; assumed royalty rates that could be payable if the company did not own the trade name; and a discount rate. Based on this quantitative impairment analysis, which was also performed in prior fiscal years, the company concluded its indefinite-lived intangible assets were not impaired during fiscal 2019 , 2018 , or 2017 . Other Long-Lived Assets Other long-lived assets consist of property, plant, and equipment; capitalized implementation costs for hosted cloud-computing arrangements; and definite-lived intangible assets. The company's definite-lived intangible assets are identifiable assets that were acquired as a result of business combinations and primarily consist of patents, non-compete agreements, customer relationships and lists, backlog, trade names, and developed technology and are amortized on a straight-line basis over periods ranging from one to 20 years. The company reviews other long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset, or asset group, may not be recoverable. Asset groups have identifiable cash flows and are largely independent of other asset groups. An impairment loss is recognized when estimated undiscounted future cash flows from the operation or disposition of the asset group are less than the carrying amount of the asset group. Measurement of an impairment loss is based on the excess of the carrying amount of the asset group over its fair value. Fair value is measured using a discounted cash flow model or independent appraisals, as appropriate. Based on the company's impairment analysis for other long-lived assets, the company did not have any impairment losses for fiscal 2019 , 2018 and 2017 . For other long-lived assets to be abandoned, the company tests for potential impairment. If the company commits to a plan to abandon or dispose of an other long-lived asset before the end of its previously estimated useful life, depreciation or amortization estimates are revised. Accounts Payable The company has a service agreement with a third-party financial institution to provide a web-based platform that facilitates participating suppliers' ability to finance payment obligations from the company with the third-party financial institution. Participating suppliers may, at their sole discretion, make offers to finance one or more payment obligations of the company prior to their scheduled due dates at a discounted price to the third-party financial institution. The company's obligations to its suppliers, including amounts due and scheduled payment dates, are not affected by suppliers' decisions to finance amounts under this arrangement. As of October 31, 2019 and 2018 , $46.7 million and $33.0 million , respectively, of the company's outstanding payment obligations had been placed on the accounts payable web-based platform. Insurance The company is self-insured for certain losses relating to employee medical, dental, workers' compensation and certain product liability claims. Specific stop loss coverages are provided for catastrophic claims in order to limit exposure to significant claims. Losses and claims are charged to net earnings when it is probable a loss has been incurred and the amount can be reasonably estimated. Self-insured liabilities are based on a number of factors, including historical claims experience, an estimate of claims incurred but not reported, demographic and severity factors, and utilizing valuations provided by independent third-party actuaries. Accrued Warranties The company’s products are warranted to provide assurance that the product will function as expected and to ensure customer confidence in design, workmanship, and overall quality. Warranty coverage is generally provided 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. Service support outside of the warranty period is provided by authorized distributors and dealers at the customer's expense. In addition to the standard warranties offered by the company on its products, the company also sells separately priced extended warranty coverage on select products for a prescribed period after the original warranty period expires. The company recognizes expense and provides an accrual for estimated future warranty costs at the time of sale and also establishes accruals for major rework campaigns. Warranty accruals are based primarily 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 and the historical length of time between the sale and resulting warranty claim. The company periodically assesses the adequacy of its warranty accruals based on changes in these factors and records any necessary adjustments if actual claims experience indicates that adjustments are necessary. The changes in accrued warranties were as follows (in thousands): Fiscal Years Ended October 31 2019 2018 Beginning balance $ 76,214 $ 74,155 Warranty provisions 57,277 49,160 Acquisitions 18,418 — Warranty claims (58,878 ) (45,662 ) Changes in estimates 3,573 (1,439 ) Ending balance $ 96,604 $ 76,214 Derivatives Derivative instruments, consisting primarily of forward currency contracts, are used to hedge most foreign currency transactions, including forecasted sales and purchases denominated in foreign currencies. All derivative instruments are recognized on the Consolidated Balance Sheets at fair value as either assets or liabilities. If the derivative instrument is designated as a cash flow hedging instrument, changes in the fair values of the spot rate component of outstanding, highly effective cash flow hedging instruments included in the assessment of hedge effectiveness are recorded in other comprehensive income within accumulated other comprehensive loss (“AOCL”) on the Consolidated Balance Sheets and are subsequently reclassified to net earnings within the Consolidated Statements of Earnings during the same period in which the cash flows of the underlying hedged transaction affect net earnings. Changes in the fair values of hedge components excluded from the assessment of effectiveness are recognized immediately in net earnings under the mark-to-market approach. Derivatives that are not designated as cash flow hedging instruments are adjusted to fair value through other income, net, on the Consolidated Statements of Earnings. Foreign Currency Translation and Transactions The functional currency of the company's foreign operations is generally the applicable local currency. The functional currency is translated into U.S. dollars for balance sheet accounts using current exchange rates in effect as of the balance sheet date and for revenue and expense accounts using a weighted-average exchange rate during the fiscal year. The translation adjustments are deferred as a component of other comprehensive income within the Consolidated Statements of Comprehensive Income and the Consolidated Statements of Stockholders' Equity. Gains or losses resulting from transactions denominated in foreign currencies are included in other income, net in the Consolidated Statements of Earnings. Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years that those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income tax expense in the period that includes the enactment date. A valuation allowance is provided when, in management's judgment, it is more likely than not that some portion or all of the deferred tax asset will not be realized. The company has reflected the necessary deferred tax assets and liabilities in the accompanying Consolidated Balance Sheets. Management believes the future tax deductions will be realized principally through future taxable income, future reversals of existing taxable temporary differences, and carryback to taxable income in prior years. The company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50 percent likely to be realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The company also records interest and penalties related to unrecognized tax benefits within income tax expense. Revenue Recognition The company's primary source of revenue is generated through the sale of equipment and irrigation products and services to its customers, which primarily consist of a worldwide network of distributors, dealers, mass retailers, hardware retailers, home centers, as well as online (direct to end-users). The company enters into contracts with its customers for the sale of products or rendering of services in the ordinary course of business. A contract with commercial substance exists at the time the company receives and accepts a purchase order under a sales contract with a customer. The company recognizes revenue when, or as, performance obligations under the terms of a contract with its customer are satisfied, which occurs with the transfer of control of product or services. Control is typically transferred to the customer at the time a product is shipped, or in the case of certain agreements, when a product is delivered or as services are rendered. Revenue is recognized based on the transaction price, which is measured as the amount of consideration the company expects to receive in exchange for transferring product or rendering services pursuant to the terms of the contract with a customer. The amount of consideration the company receives and the revenue the company recognizes varies with changes in sales promotions and incentives offered to customers, as well as anticipated product returns. A provision is made at the time revenue is recognized as a reduction of the transaction price for variable consideration, consisting primarily of expected product returns, rebates, floor plan costs, and other sales promotion and incentive expenses. If a contract contains more than one performance obligation, the transaction price is allocated to each performance obligation based on the relative standalone selling price of the respective promised good or service. The company does not recognize revenue in situations where collectability from the customer is not probable, and defers the recognition of revenue until collection is probable or payment is received and performance obligations are satisfied. Additionally, the company ships some of its products to a key retailer's distribution centers on a consignment basis. The company retains control of its products stored at the distribution centers. As the company's products are removed from the distribution centers by the key retailer and shipped to the key retailer's stores, control is transferred from the company to the key retailer. At that time, the company invoices the key retailer and recognizes revenue for these consignment transactions. The company does not offer a right of return for products shipped to the key retailer's stores from the distribution centers. The value of consignment inventory as of October 31, 2019 and 2018 was $19.9 million and $22.7 million , respectively. Freight and shipping revenue billed to customers concurrent with revenue producing activities is included within revenue and the cost for freight and shipping is recognized as an expense within cost of sales when control has transferred to the customer. Shipping and handling activities that occur after control of the related products is transferred are treated as a fulfillment activity rather than a promised service, and therefore, are not considered a performance obligation. Sales, use, value-added, and other excise taxes the company collects concurrent with revenue producing activities are excluded from revenue. Incremental costs of obtaining a contract for which the performance obligations will be satisfied within the next twelve months are expensed as incurred. Incidental items, including goods or services, that are immaterial in the context of the contract are recognized as expense when incurred. Sales Promotions and Incentives At the time of sale, the company records an estimate for sales promotion and incentive costs. The company's estimates of sales promotion and incentive costs are based on the terms of the arrangements with customers, historical payment experience, field inventory levels, volume purchases, and expectations for changes in relevant trends in the future. The expense of each program is classified as a reduction from gross sales or as a component of selling, general and administrative expense, depending on the nature of the respective program. Examples of significant sales promotions and incentive programs in which the related expense is classified as a reduction from gross sales are as follows: • Off-Invoice Discounts: The company's costs for off-invoice discounts represent a reduction in the selling price of its products given at the time of sale. • Rebate Programs: The company's rebate programs are generally based on claims submitted from either its direct customers or end-users of its products, depending upon the program. The amount of the rebate varies based on the specific program and is either a dollar amount or a percentage of the purchase price and can also be based on actual retail price as compared to the company's selling price. • Incentive Discounts: The company's costs for incentive discount programs are based on its customers’ purchase or retail sales goals of certain quantities or mixes of product during a specified time period, which are tracked on an annual or quarterly basis depending on the program. • Financing Programs: The company's financing programs, consist of wholesale floor plan financing and end-user retail financing. Costs incurred for wholesale floor plan financing programs represent financing costs associated with programs under which the company pays a portion of the interest cost to finance distributor and dealer inventories through third-party financing arrangements for a specific period of time. End-user retail financing is similar to floor planning with the difference being that retail financing programs are offered to end-user customers under which the company pays a portion of interest costs on behalf of end-users for financing purchases of the company's equipment. • Commissions Paid to Service Home Centers: The company pays commissions to representative agencies to service home center customers to ensure appropriate store sets for all Toro product. This estimated expense is recorded at point of sale. In addition, Toro dealers are paid a commission to set up and deliver riding product purchased at certain home centers. Examples of significant sales promotions and incentive programs in which the related expense is classified as a component of selling, general, and administrative expense are as follows: • Commissions Paid to Distributors and Dealers: For certain products, the company uses a distribution network of dealers and distributors that purchase and take possession of products for sale to the end customer. In addition, the company has dealers and distributors that act as sales agents for it on certain products using a direct-selling type model. Under this direct-selling type model, the company's network of distributors and dealers facilitates a sale directly to the dealer or end-user customer on its behalf. Commissions to distributors and dealers in these instances represent commission payments to sales agents that are also its customers. • Cooperative Advertising: Cooperative advertising programs are based on advertising costs incurred by distributors and dealers for promoting the company's products. The company supports a portion of those advertising costs in which claims are submitted by the distributor or dealer along with evidence of the advertising material procured/produced and evidence of the cost incurred in the form of third-party invoices or receipts. Cost of Sales Cost of sales is primarily comprised of direct materials and supplies consumed to manufacture the company's products, as well as manufacturing labor and direct overhead expense necessary to convert direct materials and supplies into finished product. Cost of sales also includes inbound freight costs for direct materials and supplies, outbound freight costs for shipping products to customers, obsolescence expense, cost of services provided, and cash discounts on payments to vendors. Selling, General and Administrative Expense Selling, general, and administrative expense is primarily comprised of payroll and benefits costs, occupancy and operating costs of distribution and corporate facilities, warranty expense, depreciation and amortization expense on non-manufacturing tangible and intangible assets, advertising and marketing expenses, selling expenses, engineering and research costs, information systems costs, incentive and profit sharing expense, and other miscellaneous administrative costs, such as legal costs for internal and outside services that are expensed as incurred. Cost of Financing Distributor and Dealer Inventory Red Iron and separate third-party financial institutions provide inventory financing for certain distributors and dealers of the company. These financing arrangements are used by the company to assist customers in financing inventory and are structured as an advance in the form of a payment by Red Iron or the separate third-party financial institution to the company on behalf of a distributor or dealer with respect to invoices financed by Red Iron or the separate third-party financial institution. These payments extinguish the obligation of the dealer or distributor to make payment to the company under the terms of the applicable invoice. Included as a reduction to gross sales are costs associated with programs under which the company shares the expense of financing distributor and dealer inventories, referred to as floor plan expenses. This charge represents interest for a pre-established length of time based on a predefined rate from a contract with Red Iron or the a separate third-party financial institution to finance distributor and dealer inventory purchases. The financing costs for distributor and dealer inventories were $44.5 million , $37.1 million , and $30.1 million for the fiscal years ended October 31, 2019 , 2018 and 2017 , respectively. Advertising General advertising expenditures are expensed the first time advertising takes place. Production costs associated with advertising are expensed in the period incurred. Cooperative advertising represents expenditures for shared advertising costs that the company reimburses to customers and is classified as a component of selling, general and administrative expense. These obligations are accrued and expensed when the

Business Combinations

Business Combinations	12 Months Ended
	Oct. 31, 2019
Business Combinations [Abstract]
Business Combinations	2 Business Combinations The Charles Machine Works, Inc. On April 1, 2019 ("closing date"), pursuant to the Agreement and Plan of Merger dated February 14, 2019 ("merger agreement"), the company completed the acquisition of CMW, a privately held Oklahoma corporation. CMW designs, manufactures, and markets a range of professional products to serve the underground construction market, including horizontal directional drills, walk and ride trenchers, compact utility loaders/skid steers, vacuum excavators, asset locators, pipe rehabilitation solutions, and after-market tools. CMW provides innovative product offerings that broadened and strengthened the company's Professional segment product portfolio and expanded its dealer network, while also providing a complementary geographic manufacturing footprint. The transaction was structured as a merger, pursuant to which a wholly-owned subsidiary of the company merged with and into CMW, with CMW continuing as the surviving entity and a wholly-owned subsidiary of the company. As a result of the merger, all of the outstanding equity securities of CMW were canceled and now only represent the right to receive the applicable consideration as described in the merger agreement. At the closing date, we paid preliminary merger consideration of $679.3 million that was subject to customary adjustments based on, among other things, the amount of actual cash, debt, and working capital in the business of CMW at the closing date. During the fourth quarter of fiscal 2019, we finalized such customary adjustments that resulted in an additional $5.7 million of merger consideration being paid and an aggregate merger consideration of $685.0 million ("purchase price"). The company funded the purchase price for the acquisition by using a combination of cash proceeds from the issuance of borrowings under the company's unsecured senior term loan credit agreement and borrowings from the company's unsecured senior revolving credit facility. For additional information regarding the financing agreements utilized to fund the purchase price, refer to Note 6 , Indebtedness . The company has incurred approximately $10.2 million of acquisition-related transaction costs during the fiscal year ended October 31, 2019 . These acquisition-related transaction costs are recorded within selling, general and administrative expense within the Consolidated Statements of Earnings. Purchase Price Allocation The company accounted for the acquisition in accordance with the accounting standards codification guidance for business combinations, whereby the total purchase price was allocated to the acquired net tangible and intangible assets of CMW based on their estimated fair values as of the closing date. As of October 31, 2019 , the company has substantially completed its process for measuring the fair values of the assets acquired and liabilities assumed based on information available as of the closing date, with the exception of the company's valuation of income taxes as the company requires additional information to finalize its valuation of income taxes. Thus, the preliminary measurements of fair value reflected for income taxes are subject to change as additional information becomes available and as additional analysis is performed. The company expects to finalize its preliminary valuation of income taxes and complete the allocation of the purchase price as soon as practicable, but no later than one year from the closing date of the acquisition, as required. The following table summarizes the allocation of the purchase price to the fair values assigned to the CMW assets acquired and liabilities assumed. These fair values are based on internal company and independent external third-party valuations (in thousands): April 1, 2019 Cash and cash equivalents $ 16,341 Receivables 65,674 Inventories 241,429 Prepaid expenses and other current assets 9,218 Property, plant and equipment 142,779 Goodwill 135,521 Other intangible assets 264,190 Other long-term assets 7,971 Accounts payable (36,655 ) Accrued liabilities (52,258 ) Deferred income tax liabilities (86,231 ) Other long-term liabilities (6,665 ) Total fair value of net assets acquired 701,314 Less: cash and cash equivalents acquired (16,341 ) Total purchase price $ 684,973 The goodwill recognized is primarily attributable to the value of the workforce, the reputation of CMW and its family of brands, customer and dealer growth opportunities, and expected synergies. Key areas of expected cost synergies include increased purchasing power for commodities, components, parts, and accessories, supply chain consolidation, and administrative efficiencies. The goodwill resulting from the acquisition of CMW was recognized within the company's Professional segment and increased Professional segment goodwill to $350.3 million as of October 31, 2019 from $214.8 million as of October 31, 2018 . Goodwill is expected to be mostly non-deductible for tax purposes. As permitted under the accounting standards codification guidance for business combinations, the company recorded a change in the carrying amount of goodwill as of October 31, 2019 as a result of purchase accounting adjustments due to finalizing certain inputs and assumptions related to the fair value calculations of other intangible assets, deferred income tax liabilities, warranty accruals, and inventories. Such purchase accounting adjustments did not have a material impact on the company's Consolidated Statements of Earnings for the fiscal year ended October 31, 2019 . Other Intangible Assets Acquired The allocation of the purchase price to the net assets acquired resulted in the recognition of $264.2 million of other intangible assets as of the closing date. The fair values of the acquired trade name, customer-related, developed technology and backlog intangible assets were determined using the income approach. Under the income approach, an intangible asset's fair value is equal to the present value of future economic benefits to be derived from ownership of the asset. The fair values of the trade names were determined using the relief from royalty method, which is based on the hypothetical royalty stream that would be received if the company were to license the trade name and was based on expected future revenues. The fair values of the customer-related, developed technology, and backlog intangible assets were determined using the excess earnings method and were based on the expected operating cash flows attributable to the respective other intangible asset, which were determined by deducting expected economic costs, including operating expenses and contributory asset charges, from revenue expected to be generated from the respective other intangible asset. The useful lives of the other intangible assets were determined based on the period of expected cash flows used to measure the fair value of the intangible assets adjusted as appropriate for entity-specific factors including legal, regulatory, contractual, competitive, economic, and/or other factors that may limit the useful life of the respective intangible asset. The fair values of the other intangible assets acquired on the closing date, related accumulated amortization from the closing date through October 31, 2019 , and weighted-average useful lives were as follows (in thousands, except weighted-average useful life): Weighted-Average Useful Life Gross Carrying Amount Accumulated Amortization Net Customer-related 18.3 $ 130,800 $ (4,981 ) $ 125,819 Developed technology 7.8 20,900 (2,019 ) 18,881 Trade names 20.0 5,200 (152 ) 5,048 Backlog 0.5 3,590 (3,590 ) — Total amortizable 16.6 160,490 (10,742 ) 149,748 Non-amortizable - trade names 103,700 — 103,700 Total other intangible assets, net $ 264,190 $ (10,742 ) $ 253,448 Amortization expense for the definite-lived intangible assets resulting from the acquisition of CMW for the fiscal year ended October 31, 2019 was $10.7 million . Estimated amortization expense for the succeeding fiscal years is as follows: fiscal 2020, $12.6 million ; fiscal 2021, $12.6 million ; fiscal 2022, $11.5 million ; fiscal 2023, $10.1 million ; fiscal 2024, $9.4 million ; and after fiscal 2024, $93.5 million . Results of Operations CMW's results of operations have been included within the Professional segment in the company's Consolidated Financial Statements from the closing date. During the fiscal year ended October 31, 2019 , the company recognized $465.2 million of net sales and $5.4 million of segment loss from CMW's operations. Segment loss for the fiscal year ended October 31, 2019 includes charges of $43.0 million , for the take-down of the inventory fair value step-up amount and amortization of the backlog intangible asset resulting from purchase accounting adjustments. Unaudited Pro Forma Financial Information Unaudited pro forma financial information has been prepared as if the acquisition had taken place on November 1, 2017 and has been prepared for comparative purposes only. The unaudited pro forma financial information is not necessarily indicative of the results that would have been achieved had the acquisition actually taken place on November 1, 2017 and the unaudited pro forma financial information does not purport to be indicative of future Consolidated Results of Operations. The unaudited pro forma financial information does not reflect any synergies, operating efficiencies, and/or cost savings that may be realized from the integration of the acquisition. The unaudited pro forma results for the fiscal years ended October 31, 2019 and October 31, 2018 have been adjusted to exclude the pro forma impact of the take-down of the inventory fair value step-up amount and amortization of the backlog intangible asset; include the pro forma impact of amortization of other intangible assets, excluding backlog, based on the purchase price allocations and useful lives; include the pro forma impact of the depreciation of property, plant, and equipment based on the purchase price allocations and useful lives; include the pro forma impact of additional interest expense relating to the acquisition; exclude the pro forma impact of transaction costs incurred by the company directly attributable to the acquisition; and include the pro forma tax effect of both earnings before income taxes and the pro forma adjustments. The following table presents unaudited pro forma financial information for fiscal 2019 and 2018 (in thousands, except per share data): October 31, 2019 October 31, 2018 Net sales $ 3,437,335 $ 3,332,636 Net earnings 1 363,452 276,722 Basic net earnings per share of common stock 3.40 2.60 Diluted net earnings per share of common stock 1 $ 3.36 $ 2.55 1 On January 1, 2019, CMW amended its retiree medical plans so that no employee hired, or rehired, after that date would be eligible for such retiree medical plans. CMW further amended its retiree medical plans on February 14, 2019 so that no employee who terminates employment after February 14, 2019 is eligible to participate in the retiree medical plans and to terminate its retiree medical plans effective December 31, 2019. The amendments and resulting termination of CMW's retiree medical plans resulted in a gain of approximately $45.8 million . This gain is reflected within net earnings in the unaudited pro forma financial information for the fiscal year ended October 31, 2019. The impact on diluted net earnings per share of common stock for the fiscal year ended October 31, 2019 was $0.42 per diluted share of common stock. Northeastern U.S. Distribution Company Effective November 30, 2018, during the first quarter of fiscal 2019, the company completed the acquisition of substantially all of the assets of, and assumed certain liabilities of, a Northeastern U.S. distribution company. 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. This acquisition was immaterial based on the company's Consolidated Financial Condition and Results of Operations. Additional purchase accounting disclosures have been omitted given the immateriality of this acquisition in relation to the company's Consolidated Financial Condition and Results of Operations. L.T. Rich Products, Inc. Effective March 19, 2018, during the second quarter of fiscal 2018, the company completed the acquisition of substantially all of the assets of, and assumed certain liabilities of, L.T. Rich Products, Inc., a manufacturer of professional zero-turn spreader/sprayers, aerators, and snow and ice management equipment. The addition of these products broadened and strengthened the company’s Professional segment solutions for landscape contractors and grounds professionals. 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 October 31, 2019 , the company has finalized the purchase accounting for this acquisition. This acquisition was immaterial based on the company's Consolidated Financial Condition and Results of Operations. Regnerbau Calw GmbH 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 broadened and strengthened 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. This acquisition was immaterial based on the company's Consolidated Financial Condition and Results of Operations.

Segment Data

Segment Data	12 Months Ended
	Oct. 31, 2019
Segment Reporting [Abstract]
Segment Data	3 Segment Data The company's businesses are organized, managed, and internally grouped into segments based on similarities in products and services. Segment selection is based on the manner in which management organizes segments for making operating and investment decisions and assessing performance. The company has identified ten operating segments and has aggregated certain of those segments into two reportable segments: Professional and Residential. The aggregation of the company's segments is based on the segments having the following similarities: economic characteristics, types of products and services, types of production processes, type or class of customers, and method of distribution. The company's remaining activities are presented as "Other" due to their insignificance. The Professional business segment consists of turf and landscape equipment; rental, specialty, and underground construction equipment; snow and ice management equipment; and irrigation products. Turf and landscape equipment products include sports fields and grounds maintenance equipment, golf course mowing and maintenance equipment, landscape contractor mowing equipment, landscape creation and renovation equipment, and other maintenance equipment. Rental, specialty, and underground construction equipment products include horizontal directional drills, walk and ride trenchers, compact utility loaders/skid steers, vacuum excavators, stump grinders, turf renovation products, asset locators, pipe rehabilitation solutions, materials handling equipment, and other after-market tools. Snow and ice management equipment products include snowplows, salt and sand spreaders, and related parts and accessories for light and medium duty trucks, utility task vehicles, skid steers, and front-end loaders. Irrigation products consist of sprinkler heads, electric and hydraulic valves, controllers, computer irrigation central control systems, coupling systems, and ag-irrigation drip tape and hose products, as well as professionally installed lighting products offered through distributors and landscape contractors that also purchase irrigation products. Professional business segment products are sold mainly through a network of distributors and dealers to professional users engaged in maintaining golf courses, sports fields, municipal properties, agricultural fields, residential and commercial landscapes, and removing snow and ice, as well as directly to government customers, rental companies, and large retailers. The Residential business segment consists of walk power mowers, riding mowers, snow throwers, replacement parts, and home solutions products, including trimmers, blowers, blower-vacuums, and underground, hose, and hose-end retail irrigation products sold in Australia and New Zealand. Residential business segment products are sold to homeowners through a network of distributors and dealers, and through a broad array of home centers, hardware retailers, and mass retailers, as well as online. The company's Other activities consist of the company's wholly-owned domestic distribution companies, the company's corporate activities, and the elimination of intersegment revenues and expenses. Corporate activities include general corporate expenditures (finance, human resources, legal, information services, public relations, business development, and similar activities) and other unallocated corporate assets and liabilities, such as corporate facilities and deferred tax assets and liabilities. The accounting policies of the segments are the same as those described in the summary of significant accounting policies in Note 1 , Summary of Significant Accounting Policies and Related Data . The company evaluates the performance of its Professional and Residential business segment results based on earnings from operations plus other income, net. The business segment's operating profits or losses include direct costs incurred at the segment's operating level plus allocated expenses, such as profit sharing and manufacturing expenses. The allocated expenses represent costs that these operations would have incurred otherwise, but do not include general corporate expenses, interest expense, and income taxes. Operating loss for the company's Other activities includes earnings (loss) from the company's domestic wholly-owned distribution companies, corporate activities, other income, and interest expense. The company accounts for intersegment gross sales at current market prices. The following tables present summarized financial information concerning the company's reportable segments and Other activities (in thousands): Fiscal Year Ended October 31, 2019 Professional Residential Other Total Net sales $ 2,443,448 $ 661,274 $ 33,362 $ 3,138,084 Intersegment gross sales (eliminations) 59,453 310 (59,763 ) — Earnings (loss) before income taxes 380,914 65,151 (123,932 ) 322,133 Total assets 1,592,065 430,495 307,987 2,330,547 Capital expenditures 57,246 16,970 18,665 92,881 Depreciation and amortization $ 63,885 $ 11,897 $ 11,916 $ 87,698 Fiscal Year Ended October 31, 2018 Professional Residential Other Total Net sales $ 1,946,999 $ 654,413 $ 17,238 $ 2,618,650 Intersegment gross sales (eliminations) 29,798 312 (30,110 ) — Earnings (loss) before income taxes 399,806 64,807 (92,216 ) 372,397 Total assets 916,106 199,273 455,605 1,570,984 Capital expenditures 58,109 16,014 16,001 90,124 Depreciation and amortization $ 38,585 $ 9,999 $ 12,693 $ 61,277 Fiscal Year Ended October 31, 2017 Professional Residential Other Total Net sales $ 1,811,705 $ 673,247 $ 20,224 $ 2,505,176 Intersegment gross sales (eliminations) 27,893 332 (28,225 ) — Earnings (loss) before income taxes 379,496 74,704 (101,016 ) 353,184 Total assets 836,600 189,578 467,609 1,493,787 Capital expenditures 29,786 10,605 17,885 58,276 Depreciation and amortization $ 41,313 $ 10,308 $ 13,365 $ 64,986 During fiscal 2019 and fiscal 2018 , no customer accounted for 10 percent or more of total consolidated gross sales. Sales to one customer in the Residential segment accounted for 10.0 percent of total consolidated gross sales in fiscal 2017 . The following table presents the details of operating loss before income taxes for the company's Other activities (in thousands): Fiscal Years Ended October 31 2019 2018 2017 Corporate expenses $ (124,422 ) $ (92,541 ) $ (100,928 ) Interest expense (28,835 ) (19,096 ) (19,113 ) Other income 29,325 19,421 19,025 Total operating loss $ (123,932 ) $ (92,216 ) $ (101,016 ) The following table presents net sales for groups of similar products and services (in thousands): Fiscal Years Ended October 31 2019 2018 2017 Equipment $ 2,747,935 $ 2,210,047 $ 2,060,354 Irrigation and lighting 390,149 408,603 444,822 Total net sales $ 3,138,084 $ 2,618,650 $ 2,505,176 The following geographic area data includes net sales based on product shipment destination and long-lived assets, which consist of net property, plant, and equipment, and is based on physical location in addition to allocated capital tooling from U.S. plant facilities (in thousands): Fiscal Years Ended October 31 United States Foreign Countries Total 2019 Net sales $ 2,413,153 $ 724,931 $ 3,138,084 Long-lived assets $ 395,937 $ 41,380 $ 437,317 2018 Net sales $ 1,975,562 $ 643,088 $ 2,618,650 Long-lived assets $ 230,246 $ 41,213 $ 271,459 2017 Net sales $ 1,893,249 $ 611,927 $ 2,505,176 Long-lived assets $ 194,338 $ 40,892 $ 235,230

Revenue Revenue

Revenue Revenue	12 Months Ended
	Oct. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue	4 Revenue The company enters into contracts with its customers for the sale of products or rendering of services in the ordinary course of business. A contract with commercial substance exists at the time the company receives and accepts a purchase order under a sales contract with a customer. The company recognizes revenue when, or as, performance obligations under the terms of a contract with its customer are satisfied, which occurs with the transfer of control of product or services. Control is typically transferred to the customer at the time a product is shipped, or in the case of certain agreements, when a product is delivered or as services are rendered. Revenue is recognized based on the transaction price, which is measured as the amount of consideration the company expects to receive in exchange for transferring product or rendering services pursuant to the terms of the contract with a customer. The amount of consideration the company receives and the revenue the company recognizes varies with changes in sales promotions and incentives offered to customers, as well as anticipated product returns. A provision is made at the time revenue is recognized as a reduction of the transaction price for expected product returns, rebates, floor plan costs, and other sales promotion and incentive expenses. If a contract contains more than one performance obligation, the transaction price is allocated to each performance obligation based on the relative standalone selling price of the respective promised good or service. The company does not recognize revenue in situations where collectability from the customer is not probable, and defers the recognition of revenue until collection is probable or payment is received and performance obligations are satisfied. Freight and shipping revenue billed to customers concurrent with revenue producing activities is included within revenue and the cost for freight and shipping is recognized as an expense within cost of sales when control has transferred to the customer. Shipping and handling activities that occur after control of the related products is transferred are treated as a fulfillment activity rather than a promised service, and therefore, are not considered a performance obligation. Sales, use, value-added, and other excise taxes the company collects concurrent with revenue producing activities are excluded from revenue. Incremental costs of obtaining a contract for which the performance obligations will be satisfied within the next twelve months are expensed as incurred. Incidental items, including goods or services, that are immaterial in the context of the contract are recognized as expense when incurred. Additionally, the company has elected not to disclose the balance of unfulfilled performance obligations for contracts with a contractual term of twelve months or less. The following tables disaggregate the company's reportable segment net sales by major product type and geographic market (in thousands): Fiscal Year Ended October 31, 2019 Professional Residential Other Total Revenue by product type: Equipment $ 2,097,965 $ 628,521 $ 21,449 $ 2,747,935 Irrigation 345,483 32,753 11,913 390,149 Total net sales $ 2,443,448 $ 661,274 $ 33,362 $ 3,138,084 Revenue by geographic market: United States $ 1,853,054 $ 526,737 $ 33,362 $ 2,413,153 Foreign Countries 590,394 134,537 — 724,931 Total net sales $ 2,443,448 $ 661,274 $ 33,362 $ 3,138,084 Fiscal Year Ended October 31, 2018 Professional Residential Other Total Revenue by product type: Equipment $ 1,582,024 $ 617,827 $ 10,196 $ 2,210,047 Irrigation 364,975 36,586 7,042 408,603 Total net sales $ 1,946,999 $ 654,413 $ 17,238 $ 2,618,650 Revenue by geographic market: United States $ 1,441,815 $ 516,509 $ 17,238 $ 1,975,562 Foreign Countries 505,184 137,904 — 643,088 Total net sales $ 1,946,999 $ 654,413 $ 17,238 $ 2,618,650 Product Revenue The company's product revenues are generated through sales of manufactured equipment and irrigation products, including related replacement parts and accessories. For the majority of the company's products, control is transferred and revenue is recognized when the product is shipped from the company's manufacturing facilities or distribution centers to the company's customers, which primarily consist of distributors, dealers, and mass retailers. In certain situations, the company transfers control and recognizes revenue when delivery to the customer has occurred. Additionally, the company ships some of its products to a key retailer's distribution centers on a consignment basis. The company retains control of its products stored at the key retailer's distribution centers. As the company's products are removed from the distribution centers by the key retailer and shipped to the key retailer's stores, control is transferred from the company to the key retailer. At that time, the company invoices the key retailer and recognizes revenue for these consignment transactions. The company does not offer a right of return for products shipped to the key retailer's stores from the distribution centers. Red Iron primarily provides inventory financing to certain dealers and distributors of the company's equipment and irrigation products. The company also has floor plan financing arrangements with separate third-party financial institutions to provide floor plan financing to certain dealers not financed through Red Iron. When product sales are financed by Red Iron or other third-party financial institutions, the transactions are structured as an advance in the form of a payment to the company on behalf of a dealer or distributor with respect to invoices financed by the financial institutions. These payments extinguish the obligation of such dealer or distributor to make payment to the company under the terms of the applicable invoice. Under a separate agreement between each financial institution and such dealer or distributor, the financial institution provides a loan to such dealer or distributor for the advances paid by the financial institutions to the company. The company's sales of product to customers that do not elect to finance purchases through Red Iron or the third-party financial institutions are generally on open account with terms that generally approximate 30 to 120 days and the resulting receivables are included within receivables, net on the Consolidated Balance Sheets. Product revenue is recognized based on the transaction price, which is measured as the amount of consideration the company expects to receive in exchange for transferring control of a product to a customer. When determining the transaction price, the company estimates variable consideration by applying the portfolio approach practical expedient under ASC 606. The primary sources of variable consideration for the company are rebate programs, volume incentive programs, floor plan and retail financing programs, cash discounts, and product returns. These sales promotions and incentives are recorded as a reduction to revenue at the time of the initial sale. The company estimates variable consideration related to equipment and irrigation products sold under its sales promotion and incentive programs using the expected value method, which is based on sales terms with customers, historical experience, field inventory levels, volume purchases, and known changes in relevant trends. There are no material instances where variable consideration is constrained and not recorded at the initial time of sale. Additionally, the company may offer to its customers the right to return eligible equipment and irrigation products, replacement parts, and accessories. Returns are recorded as a reduction to revenue based on anticipated sales returns estimated from sales terms, historical experience, and trend analysis. The company records obligations for returns within accrued liabilities in the Consolidated Balance Sheets and the right-of-return asset in prepaid expenses and other current assets in the Consolidated Balance Sheets. The refund liability and right-of-return asset are remeasured for changes in the estimate at each reporting date with a corresponding adjustment to net sales and cost of sales within the Consolidated Statements of Earnings. Service Revenue In certain cases, the company renders service contracts to customers, which typically range from 12 to 36 months . The company receives payment at the inception of the service contract and recognizes revenue over the term of the agreement in proportion to the costs expected to be incurred in satisfying the performance obligations under the service contract. Warranty Revenue In addition to the standard warranties offered by the company on its equipment and irrigation products intended to provide assurance that the product will function as expected, the company also sells separately priced extended warranty coverage on select products for a prescribed period after the standard warranty period expires, which typically range from 12 to 24 months . The company receives payment at the inception of the separately priced extended warranty contract and recognizes revenue over the term of the agreement in proportion to the costs expected to be incurred in satisfying the performance obligations under the separately priced extended warranty contract. Contract Liabilities Contract liabilities relate to deferred revenue recognized for payments received at contract inception in advance of the company's performance under the contract and generally relate to the sale of separately priced extended warranty contracts, service contracts, and non-refundable customer deposits. The company recognizes revenue over the term of the agreement in proportion to the costs expected to be incurred in satisfying the performance obligations under the separately priced extended warranty and service contracts. For non-refundable customer deposits, the company recognizes revenue as of the point in time in which the performance obligation has been satisfied under the contract with the customer, which typically occurs upon change in control at the time a product is shipped. As of October 31, 2019 and October 31, 2018 , $22.0 million and $14.0 million , respectively, of deferred revenue associated with outstanding separately priced extended warranty contracts, service contracts, and non-refundable customer deposits was reported within accrued liabilities and other long-term liabilities in the Consolidated Balance Sheets. The increase in the October 31, 2019 balance as compared to the October 31, 2018 balance is primarily related to the company's acquisition of CMW on April 1, 2019, which resulted in the assumption of $7.0 million of deferred revenue contract liabilities related to separately priced extended warranty contracts, service contracts, and non-refundable customer deposits. For the fiscal year ended October 31, 2019 , the company recognized $5.8 million of the October 31, 2018 deferred revenue balance and $4.4 million of the April 1, 2019 assumed deferred revenue balance related to the CMW acquisition within net sales in the Consolidated Statements of Earnings. The company expects to recognize approximately $10.6 million of the October 31, 2019 deferred revenue balance within net sales in the Consolidated Statements of Earnings in fiscal 2020 and $11.4 million thereafter.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Oct. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	5 Goodwill and Other Intangible Assets The company's acquisition of CMW on April 1, 2019 resulted in the recognition of $135.5 million and $264.2 million of goodwill and other intangible assets, respectively, within the company's Professional segment. For additional information on the company's acquisition of CMW, refer to Note 2 , Business Combinations . Goodwill The changes in the carrying amount of goodwill by reportable segment for fiscal 2019 and 2018 were as follows (in thousands): Professional Residential Other Total Balance as of October 31, 2017 $ 194,464 $ 10,565 $ — $ 205,029 Goodwill acquired 20,739 — — 20,739 Translation adjustments (376 ) (102 ) — (478 ) Balance as of October 31, 2018 214,827 10,463 — 225,290 Goodwill acquired 135,524 — 1,534 137,058 Translation adjustments (101 ) 6 — (95 ) Balance as of October 31, 2019 $ 350,250 $ 10,469 $ 1,534 $ 362,253 Other Intangible Assets The components of other intangible assets were as follows (in thousands, except for weighted-average useful life amounts): October 31, 2019 Weighted-Average Useful Life Gross Carrying Amount Accumulated Amortization Net Patents 9.9 $ 18,230 $ (13,102 ) $ 5,128 Non-compete agreements 5.5 6,868 (6,786 ) 82 Customer-related 18.4 220,390 (33,547 ) 186,843 Developed technology 7.6 51,911 (31,289 ) 20,622 Trade names 15.4 7,496 (2,109 ) 5,387 Backlog and other 0.6 4,390 (4,390 ) — Total amortizable 15.5 309,285 (91,223 ) 218,062 Non-amortizable - trade names 134,312 — 134,312 Total other intangible assets, net $ 443,597 $ (91,223 ) $ 352,374 October 31, 2018 Weighted-Average Useful Life Gross Carrying Amount Accumulated Amortization Net Patents 9.9 $ 18,235 $ (12,297 ) $ 5,938 Non-compete agreements 5.5 6,872 (6,771 ) 101 Customer-related 18.5 89,622 (23,653 ) 65,969 Developed technology 7.6 31,029 (28,471 ) 2,558 Trade names 5.0 2,307 (1,805 ) 502 Other 1.0 800 (800 ) — Total amortizable 14.3 148,865 (73,797 ) 75,068 Non-amortizable - trade names 30,581 — 30,581 Total other intangible assets, net $ 179,446 $ (73,797 ) $ 105,649 Amortization expense for definite-lived intangible assets for the fiscal years ended October 31, 2019 , 2018 , and 2017 was $18.4 million , $7.3 million , and $9.9 million , respectively. Estimated amortization expense for the succeeding fiscal years is as follows: 2020 , $18.7 million ; 2021 , $18.3 million ; 2022 , $17.1 million ; 2023 , $15.3 million ; 2024 , $14.3 million ; and after 2024 , $134.4 million .

Indebtedness

Indebtedness	12 Months Ended
	Oct. 31, 2019
Debt Disclosure [Abstract]
Indebtedness	6 Indebtedness The following is a summary of the company's indebtedness (in thousands): October 31 2019 2018 Revolving credit facility $ — $ 91,000 $200 million term loan 100,000 — $300 million term loan 180,000 — 3.81% series A senior notes 100,000 — 3.91% series B senior notes 100,000 — 7.800% debentures 100,000 100,000 6.625% senior notes 123,916 123,854 Less: unamortized discounts, debt issuance costs, and deferred charges (3,103 ) (2,305 ) Total long-term debt 700,813 312,549 Less: current portion of long-term debt 79,914 — Long-term debt, less current portion $ 620,899 $ 312,549 Principal payments required on the company's outstanding indebtedness in each of the next five fiscal years, based on the maturity dates defined within the company's debt arrangements indebtedness, are as follows: fiscal 2020 , $0.0 million ; fiscal 2021 , $0.0 million ; fiscal 2022 , $115.0 million ; fiscal 2023 , $30.0 million ; fiscal 2024 , $135.0 million ; and after fiscal 2024 , $425.0 million . Revolving Credit Facility In June 2018, the company replaced its prior revolving credit facility and term loan, which were scheduled to mature in October 2019, with an unsecured senior five -year revolving credit facility that, among other things, increased the company's borrowing capacity to $600.0 million , from $150.0 million , and expires in June 2023. Included in the company's $600.0 million revolving credit facility is a $10.0 million sublimit for standby letters of credit and a $30.0 million sublimit for swingline loans. At the company's election, and with the approval of the named borrowers on the revolving credit facility and the election of the lenders to fund such increase, the aggregate maximum principal amount available under the facility may be increased by an amount up to $300.0 million . Funds are available under the revolving credit facility for working capital, capital expenditures, and other lawful corporate purposes, including, but not limited to, acquisitions and common stock repurchases, subject in each case to compliance with certain financial covenants described below. In connection with the entry into the new revolving credit facility during June 2018, the company incurred approximately $1.9 million of debt issuance costs, which are being amortized over the life of the revolving credit facility under the straight-line method as the results obtained are not materially different from those that would result from the use of the effective interest method. The company classifies the debt issuance costs related to its revolving credit facility within other assets on the Consolidated Balance Sheets, regardless of whether the company has any outstanding borrowings on the revolving credit facility. As of October 31, 2019 , the company had no borrowings under the revolving credit facility but did have $1.9 million outstanding under the sublimit for standby letters of credit, which resulted in $598.1 million of unutilized availability under the revolving credit facility. As of October 31, 2018 , the company had $91.0 million outstanding under the revolving credit facility, $1.5 million outstanding under the sublimit for standby letters of credit, and $507.5 million of unutilized availability under the revolving credit facility. Typically, the company's revolving credit facility is classified as long-term debt within the company's Consolidated Balance Sheets as the company has the ability to extend the outstanding borrowings under the revolving credit facility for the full-term of the facility. However, if the company intends to repay a portion of the outstanding balance under the revolving credit facility within the next twelve months, the company reclassifies that portion of outstanding borrowings under the revolving credit facility to current portion of long-term debt within the Consolidated Balance Sheets. As of October 31, 2018 , the $91.0 million of outstanding borrowings under the company's revolving credit facility was classified as long-term debt within the company's Consolidated Balance Sheets. The company's revolving credit facility contains customary covenants, including, without limitation, financial covenants, such as the maintenance of minimum interest coverage and maximum leverage ratios; and negative covenants, which among other things, limit disposition of assets, consolidations and mergers, restricted payments, liens, and other matters customarily restricted in such agreements. Most of these restrictions are subject to certain minimum thresholds and exceptions. The company was in compliance with all covenants related to the credit agreement for the company's revolving credit facility as of October 31, 2019 and October 31, 2018 . Outstanding loans under the revolving credit facility, if applicable, other than swingline loans, bear interest at a variable rate generally based on LIBOR or an alternative variable rate based on the highest of the Bank of America prime rate, the federal funds rate or a rate generally based on LIBOR, in each case subject to an additional basis point spread as defined in the credit agreement. Swingline loans under the revolving credit facility, if applicable, bear interest at a rate determined by the swingline lender or an alternative variable rate based on the highest of the Bank of America prime rate, the federal funds rate or a rate generally based on LIBOR, in each case subject to an additional basis point spread as defined in the credit agreement. Interest is payable quarterly in arrears. For the fiscal years ended October 31, 2019 and October 31, 2018 , the company incurred interest expense of approximately $1.9 million and $1.3 million , respectively. For the fiscal year ended October 31, 2017 , the company did not incur interest expense under the revolving credit facility that was in place at that time. Term Loan Credit Agreement In March 2019, the company entered into a term loan agreement with a syndicate of financial institutions for the purpose of partially funding the purchase price of the company's acquisition of CMW and the related fees and expenses incurred in connection with such acquisition. The term loan credit agreement provided for a $200.0 million three year unsecured senior term loan facility maturing on April 1, 2022 and a $300.0 million five year unsecured senior term loan facility maturing on April 1, 2024. The funds under both term loan facilities were received on April 1, 2019 in connection with the closing of the company's acquisition of CMW. There are no scheduled principal amortization payments prior to maturity on the $200.0 million three year unsecured senior term loan facility. For the $300.0 million five year unsecured senior term loan facility, the company is required to make quarterly principal amortization payments of 2.5 percent of the aggregate principal balance beginning with the last business day of the thirteenth calendar quarter ending after April 1, 2019, with the remainder of the unpaid principal balance due at maturity. No principal payments are required during the first three and one quarter (3.25) years of the $300.0 million five year unsecured senior term loan facility. The term loan facilities may be prepaid and terminated at the company's election at any time without penalty or premium. As of October 31, 2019 , the company has prepaid $100.0 million and $120.0 million against the outstanding principal balances of the $200.0 million three year unsecured senior term loan facility and $300.0 million five year unsecured senior term loan facility, respectively, and has reclassified $79.9 million of the remaining outstanding principal balance under the term loan credit agreement, net of the related proportionate share of debt issuance costs, to current portion of long-term debt within the Consolidated Balance Sheets as the company intends to prepay such amount utilizing cash flows from operations within the next twelve months. Thus, as of October 31, 2019 , there were $100.0 million and $180.0 million of outstanding borrowings under the term loan credit agreement for the $200.0 million three year unsecured senior term loan facility and the $300.0 million five year unsecured senior term loan facility, respectively. In connection with the company's entry into the term loan credit agreement in March 2019, the company incurred approximately $0.6 million of debt issuance costs, which are being amortized over the life of the respective term loans under the straight-line method as the results obtained are not materially different from those that would result from the use of the effective interest method. Unamortized deferred debt issuance costs are netted against the outstanding borrowings under the term loan credit agreement on the company's Consolidated Balance Sheets. The term loan credit agreement contains customary covenants, including, without limitation, financial covenants generally consistent with those applicable under our revolving credit facility, such as the maintenance of minimum interest coverage and maximum leverage ratios; and negative covenants, which among other things, limit disposition of assets, consolidations and mergers, restricted payments, liens, and other matters customarily restricted in such agreements. Most of these restrictions are subject to certain minimum thresholds and exceptions. The company was in compliance with all covenants related to the company's term loan credit agreement as of October 31, 2019 . Outstanding borrowings under the term loan credit agreement bear interest at a variable rate based on LIBOR or an alternative variable rate, subject to an additional basis point spread as defined in the term credit loan agreement. Interest is payable quarterly in arrears. For the fiscal year ended October 31, 2019 , the company incurred interest expense of approximately $7.5 million on the outstanding borrowings under the term loan credit agreement. 3.81% Series A and 3.91% Series B Senior Notes On April 30, 2019, the company entered into a private placement note purchase agreement with certain purchasers ("holders") pursuant to which the company agreed to issue and sell an aggregate principal amount of $100.0 million of 3.81 percent Series A Senior Notes due June 15, 2029 ("Series A Senior Notes") and $100.0 million of 3.91 percent Series B Senior Notes due June 15, 2031 ("Series B Senior Notes" and together with the Series A Senior Notes, the "Senior Notes"). On June 27, 2019, the company issued $100.0 million of the Series A Senior Notes and $100.0 million of the Series B Senior Notes pursuant to the private placement note purchase agreement. The Senior Notes are senior unsecured obligations of the company. As of October 31, 2019 , there was $200.0 million of outstanding borrowings under the private placement note purchase agreement, including $100.0 million of outstanding borrowings under the Series A Senior Notes and $100.0 million of outstanding borrowings under the Series B Senior Notes. The company has the right to prepay all or a portion of either series of the Senior Notes in an amount equal to not less than 10.0 percent of the principal amount of the Senior Notes then outstanding upon notice to the holders of the series of Senior Notes being prepaid for 100.0 percent of the principal amount prepaid, plus a make-whole premium, as set forth in the private placement note purchase agreement, plus accrued and unpaid interest, if any, to the date of prepayment. In addition, at any time on or after the date that is 90 days prior to the maturity date of the respective series, the company has the right to prepay all of the outstanding Senior Note or each series for 100.0 percent of the principal amount so prepaid, plus accrued and unpaid interest, if any, to the date of prepayment. Upon the occurrence of certain change of control events, we are required to prepay all of the Senior Notes for the principal amount thereof plus accrued and unpaid interest, if any, to the date of prepayment. The private placement note purchase agreement contains customary representations and warranties of the company, as well as certain customary covenants, including, without limitation, financial covenants, such as the maintenance of minimum interest coverage and maximum leverage ratios, and other covenants, which, among other things, provide limitations on transactions with affiliates, mergers, consolidations and sales of assets, liens and priority debt. The company was in compliance with all representations, warranties, and covenants related to the private placement note purchase agreement as of October 31, 2019 . In connection with the company's issuance of the Senior Notes in June 2019, the company incurred approximately $0.7 million of debt issuance costs, which are being amortized over the life of the respective Senior Note under the straight-line method as the results obtained are not materially different from those that would result from the use of the effective interest method. Unamortized deferred debt issuance costs are netted against the outstanding borrowings under the respective Senior Note on the company's Consolidated Balance Sheets. Interest on the Senior Notes is payable semiannually on the 15th day of June and December in each year, commencing on December 15, 2019. For the fiscal year ended October 31, 2019 , the company incurred interest expense of approximately $2.6 million on the outstanding borrowings under the private placement note purchase agreement. 7.8% Debentures In June 1997, the company issued $175.0 million of debt securities consisting of $75.0 million of 7.125 percent coupon 10 -year notes and $100.0 million of 7.8 percent coupon 30 -year debentures. The $75.0 million of 7.125 percent coupon 10 -year notes were repaid at maturity during fiscal 2007. In connection with the issuance of $175.0 million in long-term debt securities, the company paid $23.7 million to terminate three forward-starting interest rate swap agreements with notional amounts totaling $125.0 million . These swap agreements had been entered into to reduce exposure to interest rate risk prior to the issuance of the new long-term debt securities. As of the inception of one of the swap agreements, the company had received payments that were recorded as deferred income to be recognized as an adjustment to interest expense over the term of the new debt securities. As of the date the swaps were terminated, this deferred income totaled $18.7 million . The excess termination fees over the deferred income recorded was deferred and is being recognized as an adjustment to interest expense over the term of the debt securities issued. Interest on the debentures is payable semiannually on the 15th day of June and December in each year. For the fiscal years ended October 31, 2019 , 2018 and 2017 , the company incurred interest expense of approximately $7.9 million , $8.0 million and $8.0 million , respectively. 6.625% Senior Notes On April 26, 2007, the company issued $125.0 million in aggregate principal amount of 6.625 percent senior notes due May 1, 2037 and priced at 98.513 percent of par value. The resulting discount of $1.9 million and the underwriting fees and direct debt issue costs of $1.5 million associated with the issuance of these senior notes are being amortized over the term of the notes using the straight-line method as the results obtained are not materially different from those that would result from the use of the effective interest method. Although the coupon rate of the senior notes is 6.625 percent , the effective interest rate is 6.741 percent after taking into account the issuance discount. Interest on the senior notes is payable semi-annually on May 1 and November 1 of each year. The senior notes are unsecured senior obligations of the company and rank equally with the company's other unsecured and unsubordinated indebtedness. The indentures under which the senior notes were issued contain customary covenants and event of default provisions. The company may redeem some or all of the senior notes at any time at the greater of the full principal amount of the senior notes being redeemed or the present value of the remaining scheduled payments of principal and interest discounted to the redemption date on a semi-annual basis at the treasury rate plus 30 basis points, plus, in both cases, accrued and unpaid interest. In the event of the occurrence of both (i) a change of control of the company, and (ii) a downgrade of the notes below an investment grade rating by both Moody's Investors Service, Inc. and Standard & Poor's Ratings Services within a specified period, the company would be required to make an offer to purchase the senior notes at a price equal to 101.0 percent of the principal amount of the senior notes plus accrued and unpaid interest to the date of repurchase. Interest on the senior notes is payable semiannually on the 1st day of May and November in each year. For each of the fiscal years ended October 31, 2019 , 2018 and 2017 , the company incurred interest expense of approximately $8.4 million

Management Actions

Management Actions	12 Months Ended
	Oct. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Management Actions	7 Management Actions Toro Underground Wind Down On August 1, 2019, during the company's fiscal 2019 third quarter, the company announced a plan to wind down the company's Toro-branded large directional drill and riding trencher product categories within its Professional segment product portfolio ("Toro underground wind down"). The company expects to incur total pretax charges of approximately $10.0 million to $13.0 million related to the Toro underground wind down. For the fiscal year ended October 31, 2019 , the company recorded $8.8 million of pre-tax charges related to inventory write-downs to net realizable value and accelerated depreciation on fixed assets that will no longer be used within cost of sales in the Consolidated Statements of Earnings as a result of the Toro underground wind down. Additionally, the company recorded $1.2 million of pre-tax charges related to anticipated inventory retail support activities within net sales in the Consolidated Statements of Earnings for the fiscal year ended October 31, 2019 . As of October 31, 2019 , the company had a remaining accrual balance of $0.9 million related to the anticipated inventory retail support activities within accrued liabilities in the Consolidated Balance Sheets. The remainder of the estimated pre-tax charges are anticipated to be primarily comprised of costs related to the write-down of future component parts inventory purchases to finalize assembly of the company's remaining Toro-branded large directional drill and riding trencher inventory. Substantially all costs related to the Toro underground wind down are expected to be incurred by the end of fiscal 2020. Corporate Restructuring During the fourth quarter of fiscal 2019, the company incurred corporate restructuring charges related to employee severance costs as the company focuses on aligning the company's operations in the most strategic and cost-effective structure subsequent to the company's acquisition of CMW. As a result of such corporate restructuring, the company recorded pre-tax charges of $0.6 million within cost of sales and pre-tax charges of $6.0 million within selling, general and administrative expense in the Consolidated Statements of Earnings during fiscal 2019. The company does not expect to incur additional charges in fiscal 2020 related to this corporate restructuring event. Divestiture During the fourth quarter of fiscal 2019, the company divested of a used underground construction equipment business, which was acquired as a result of the company's acquisition of CMW. Such divestiture was immaterial based on the company's Consolidated Financial Condition and Results of Operations.

Income Taxes

Income Taxes	12 Months Ended
	Oct. 31, 2019
Income Tax Disclosure [Abstract]
Income taxes	8 Income Taxes Earnings before income taxes were as follows (in thousands): Fiscal Years Ended October 31 2019 2018 2017 Earnings before income taxes: U.S. $ 283,730 $ 333,136 $ 307,136 Foreign 38,403 39,261 46,048 Total earnings before income taxes $ 322,133 $ 372,397 $ 353,184 A reconciliation of the statutory federal income tax rate to the company's consolidated effective tax rate is summarized as follows: Fiscal Years Ended October 31 2019 2018 2017 Statutory federal income tax rate 21.0 % 23.3 % 35.0 % Excess deduction for stock compensation (3.7 ) (3.5 ) (5.3 ) Domestic manufacturer's deduction 0.1 (0.9 ) (1.2 ) State and local income taxes, net of federal benefit 1.1 1.3 0.5 Foreign operations (0.3 ) (0.5 ) (2.3 ) Federal research tax credit (1.5 ) (1.2 ) (1.5 ) Foreign-derived intangible income (1.3 ) — — Remeasurement of deferred tax assets and liabilities (0.1 ) 5.2 — Deemed repatriation tax (0.2 ) 3.6 — Other, net (0.2 ) (0.3 ) (1.0 ) Consolidated effective tax rate 14.9 % 27.0 % 24.2 % On December 22, 2017, the U.S. enacted Public Law No. 115-97 ("Tax Act"), originally introduced as the Tax Cuts and Jobs Act, which significantly modified the Internal Revenue Code. The Tax Act reduced the U.S. federal corporate tax rate from 35.0 percent to 21.0 percent, created a territorial-type tax system with an exemption for foreign dividends, and imposed a one-time deemed repatriation tax on a U.S. company's historical undistributed earnings and profits of foreign affiliates. The tax rate change was effective January 1, 2018, which resulted in a blended statutory tax rate of 23.3 percent for the fiscal year ended October 31, 2018. The reduced tax rate of 21.0 percent was applicable to the fiscal year ended October 31, 2019 . Among other provisions, the Tax Act also increased expensing for certain business assets, created new taxes on certain foreign sourced earnings, provided an incentive on specified export activities, adopted limitations on business interest expense deductions, repealed deductions for income attributable to domestic production activities, and added other anti-base erosion rules. As of October 31, 2018, the company completed the accounting for the effects of the Tax Act. The company recorded tax expense of $19.3 million for the remeasurement of deferred tax assets and liabilities, and tax expense of $13.4 million for the one-time transition tax on deemed repatriation tax of its non-U.S. subsidiaries. Included with the company's provision for income taxes within the Consolidated Statements of Earnings for the fiscal year ended October 31, 2019 are final immaterial adjustments related to the Tax Act, including a tax benefit of $0.3 million for the remeasurement of deferred tax assets and liabilities and a tax benefit of $0.7 million for the deemed repatriation. The Global Intangible Low-Taxed Income ("GILTI") provisions under the Tax Act requires the company to include in its U.S. income tax return any foreign subsidiary earnings in excess of an allowable return on the foreign subsidiary’s tangible assets. Under U.S. GAAP, the company is allowed to make an accounting policy election of either (1) treating taxes due on future U.S. inclusions in taxable income related to GILTI as a current period expense when incurred (“period cost method”) or (2) factoring such amounts into the company’s measurement of its deferred taxes (“deferred method”).The company has elected the period cost method and therefore, has recorded additional income tax expense, net of offsetting foreign tax credits, in the amount of $1.0 million as a result of GILTI for the fiscal year ended October 31, 2019 , which is included within foreign operations in the company's reconciliation of the statutory federal income tax rate to the company's consolidated effective tax rate above. The Foreign-Derived Intangible Income (“FDII”) provisions of the Tax Act provide an incentive to domestic corporations in the form of a lower tax rate on income derived from tangible and intangible products and services in foreign markets. This lower tax rate is accomplished through an additional tax deduction based on a percentage of qualifying sales. The FDII deduction provided the company an additional tax benefit of $4.2 million in the fiscal year ended October 31, 2019 . Components of the company's provision for income taxes were as follows (in thousands): Fiscal Years Ended October 31 2019 2018 2017 Current provision: Federal $ 37,415 $ 64,375 $ 83,091 State 7,495 6,192 3,036 Foreign 6,846 7,087 8,166 Total current provision $ 51,756 $ 77,654 $ 94,293 Deferred provision (benefit): Federal $ (37 ) $ 22,074 $ (8,774 ) State (3,205 ) 308 (101 ) Foreign (364 ) 422 49 Total deferred provision (benefit) (3,606 ) 22,804 (8,826 ) Total provision for income taxes $ 48,150 $ 100,458 $ 85,467 The tax effects of temporary differences that give rise to deferred income tax (liabilities) assets, net, are presented below (in thousands): October 31 2019 2018 Deferred income tax assets: Compensation and benefits $ 27,969 $ 24,315 Warranty and insurance 25,788 19,037 Advertising and sales allowance 8,866 7,650 Inventory 4,005 2,742 Other 8,745 5,047 Valuation allowance (3,199 ) (1,178 ) Total deferred income tax assets $ 72,174 $ 57,613 Deferred income tax liabilities: Depreciation $ (40,964 ) $ (12,381 ) Amortization (75,538 ) (8,377 ) Total deferred income tax liabilities (116,502 ) (20,758 ) Deferred income tax (liabilities) assets, net $ (44,328 ) $ 36,855 The net change in the total valuation allowance between the fiscal years ended October 31, 2019 and 2018 was an increase of $2.0 million , including $1.7 million related to deferred tax assets recorded as a result of the company's purchase accounting for the CMW acquisition related to branch foreign tax credits, as well as future capital loss carryforwards determined not to be realizable. The change in valuation allowance also included loss and credit carryforwards that are expected to expire prior to utilization. As of October 31, 2019 , the company had net operating loss carryforwards of approximately $3.4 million in foreign jurisdictions, which are comprised of $2.8 million that do not expire and $0.6 million that expire between fiscal 2020 and fiscal 2028. The company also had domestic credit carryforwards of $1.0 million that expires between fiscal 2029 and fiscal 2034. The company considers that $17.2 million of undistributed earnings of its foreign operations are intended to be indefinitely reinvested. Should these earnings be distributed in the future in the form of dividends or otherwise, the company may be subject to foreign withholding taxes, state income taxes, and/or additional federal taxes for currency fluctuations. As of October 31, 2019 , the unrecognized deferred tax liabilities for temporary differences related to the company’s investment in non-U.S. subsidiaries, and any withholding, state, or additional federal taxes upon any future repatriation, are expected to be immaterial and have not been recorded. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands): Unrecognized tax benefits as of October 31, 2018 $ 2,345 Increase as a result of tax positions taken during a prior period 149 Increase as a result of tax positions taken during the current period 467 Decrease relating to settlements with taxing authorities (215 ) Reductions as a result of statute of limitations lapses (73 ) Unrecognized tax benefits as of October 31, 2019 $ 2,673 The company recognizes interest and penalties related to unrecognized tax benefits as a component of the provision for income taxes within the Consolidated Statements of Earnings. In addition to the liability of $2.7 million for unrecognized tax benefits as of October 31, 2019 , the company had an amount of $0.5 million of accrued interest and penalties. Included in the balance of unrecognized tax benefits as of October 31, 2019 are potential benefits of $2.5 million that, if recognized, would affect the effective tax rate from continuing operations. The company and its wholly owned subsidiaries file income tax returns in the U.S. federal jurisdiction, and numerous state and foreign jurisdictions. With few exceptions, the company is no longer subject to U.S. federal, state and local, and foreign income tax examinations by tax authorities for taxable years before fiscal 2015. The Internal Revenue Service completed an audit of fiscal 2014 through fiscal 2017, with no material adjustments to tax expense or unrecognized tax benefits. The company is also under audit in certain state jurisdictions and expects various statutes of limitation to expire during the next 12 months. Due to the uncertainty related to the response of taxing authorities, a range of outcomes cannot be reasonably estimated at this time.

Stock-Based Compensation Plans

Stock-Based Compensation Plans	12 Months Ended
	Oct. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation Plans	9 Stock-Based Compensation Plans The company maintains the 2010 plan for executive officers, other employees, and non-employee members of the company's Board of Directors. The 2010 plan allows the company to grant equity-based compensation awards, including stock options, restricted stock units, restricted stock, and performance share awards. The number of unissued shares of common stock available for future equity-based grants under the 2010 plan was 4,358,384 as of October 31, 2019 . Shares of common stock issued upon exercise or settlement of stock options, restricted stock units, and performance shares are issued from treasury shares. Compensation costs related to stock-based awards were as follows (in thousands): Fiscal Years Ended October 31 2019 2018 2017 Unrestricted common stock awards $ 592 $ 530 $ 538 Stock option awards 6,537 5,006 5,496 Restricted stock units 3,230 2,997 2,300 Performance share awards 3,070 3,628 5,183 Total compensation cost for stock-based awards $ 13,429 $ 12,161 $ 13,517 Related tax benefit from stock-based awards $ 3,200 $ 2,905 $ 5,001 Unrestricted Common Stock Awards During fiscal 2019 , 2018 , and 2017 , 10,090 , 8,388 , and 11,412 shares, respectively, of fully vested unrestricted common stock awards were granted to certain members of the company's Board of Directors as a component of their compensation for their service on the board and are recorded in selling, general and administrative expense in the Consolidated Statements of Earnings. Stock Option Awards Under 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 cost 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. 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, stock price 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 exercise experience. The company groups executive officers and non-employee directors for valuation purposes based on similar historical exercise behavior. Expected stock price volatilities are based on the daily 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 table below illustrates the weighted-average valuation assumptions for options granted in the following fiscal periods: Fiscal Years Ended October 31 2019 2018 2017 Expected life of option in years 6.31 6.04 6.02 Expected stock price volatility 19.83 % 20.58 % 22.15 % Risk-free interest rate 2.77 % 2.21 % 2.03 % Expected dividend yield 1.18 % 0.97 % 1.01 % Per share weighted-average fair value at date of grant $ 12.83 $ 14.25 $ 12.55 The table below presents stock option activity for fiscal 2019 : Stock Option Awards Weighted-Average Exercise Price Weighted-Average Contractual Life (years) Aggregate Intrinsic Value (in thousands) Outstanding as of October 31, 2018 3,738,604 $ 34.01 5.0 $ 87,470 Granted 507,028 58.62 Exercised (1,388,044 ) 21.66 ​ Canceled/forfeited (9,468 ) 55.24 Outstanding as of October 31, 2019 2,848,120 $ 44.34 5.7 $ 93,392 Exercisable as of October 31, 2019 1,861,173 $ 35.98 4.4 $ 76,592 As of October 31, 2019 , there was $3.8 million of total unrecognized compensation cost related to unvested stock options. That cost is expected to be recognized over a weighted-average period of 1.84 years. The table below presents the total market value of stock options exercised and the total intrinsic value of options exercised during the following fiscal years (in thousands): Fiscal Years Ended October 31 2019 2018 2017 Market value of stock options exercised $ 92,352 $ 70,775 $ 58,976 Intrinsic value of options exercised 1 $ 62,288 $ 53,778 $ 48,017 1 Intrinsic value is calculated as the amount by which the stock price at exercise date exceeded the option exercise price. Restricted Stock Unit Awards Under the 2010 plan, restricted stock unit awards are generally granted to certain employees that are not executive officers. Occasionally, restricted stock unit awards may be granted, including to executive officers, in connection with hiring, mid-year promotions, leadership transition, or retention. 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 cost 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 unit awards, is recognized for these awards over the vesting period. Factors related to the company's restricted stock unit awards are as follows (in thousands, except per award data): Fiscal Years Ended October 31 2019 2018 2017 Weighted-average per award fair value at date of grant $ 66.26 $ 63.24 $ 66.09 Fair value of restricted stock units vested $ 3,083 $ 4,888 $ 3,604 The table below summarizes the activity during fiscal 2019 for unvested restricted stock units: Restricted Stock Units Weighted-Average Fair Value at Date of Grant Unvested as of October 31, 2018 99,554 $ 59.15 Granted 76,496 66.26 Vested (47,357 ) 54.38 Forfeited (4,226 ) 58.94 Unvested as of October 31, 2019 124,467 $ 65.30 As of October 31, 2019 , there was $4.8 million of total unrecognized compensation cost related to unvested restricted stock units. That cost is expected to be recognized over a weighted-average period of 2.25 years. 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 can 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 will 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 cost 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. Factors related to the company's performance share awards are as follows (in thousands, except per award data): Fiscal Years Ended October 31 2019 2018 2017 Weighted-average per award fair value at date of grant $ 59.58 $ 65.40 $ 54.52 Fair value of performance share awards vested $ 6,300 $ 8,419 $ 7,018 The table below summarizes the activity during fiscal 2019 for unvested performance share awards: Performance Shares Weighted-Average Fair Value at Date of Grant Unvested as of October 31, 2018 221,392 $ 50.96 Granted 69,600 59.58 Vested (91,803 ) 38.89 Canceled/forfeited (6,335 ) 61.34 Unvested as of October 31, 2019 192,854 $ 59.47 As of October 31, 2019 , there was $4.3 million of total unrecognized compensation cost related to unvested performance share awards. That cost is expected to be recognized over a weighted-average period of 1.86 years.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Oct. 31, 2019
Stockholders' Equity Note [Abstract]
Stockholders' Equity	10 Stockholders' Equity Stock Repurchase Program On December 3, 2015, the company's Board of Directors authorized the repurchase of 8,000,000 shares of the company's common stock in open-market or in privately negotiated transactions. On December 4, 2018, the company's Board of Directors authorized the repurchase of up to an additional 5,000,000 shares of common stock in open-market or in privately negotiated transactions under the authorized stock repurchase program. This authorized stock repurchase program has no expiration date but may be terminated by the Board at any time. During fiscal 2019 , 2018 , and 2017 , the company paid $20.0 million , $160.4 million , and $159.4 million to repurchase an aggregate of 359,758 shares, 2,579,864 shares, and 2,710,837 shares, respectively, under the authorized stock repurchase program. As a result of the company's acquisition of CMW on April 1, 2019, the company curtailed the repurchase of shares of its common stock under the authorized stock repurchase program during the company's fiscal 2019 second, third, and fourth quarters. As of October 31, 2019 , 7,042,256 shares remained authorized by the company's Board of Directors for repurchase. The authorized stock repurchase program does not include shares of the company's common stock surrendered by employees to satisfy minimum tax withholding obligations upon vesting of certain equity securities granted under the company's stock-based compensation plans. Treasury Shares As of October 31, 2019 , the company had a total of 21,385,919 treasury shares at a cost of $1,374.0 million . As of October 31, 2018 , the company had a total of 22,527,348 treasury shares at a cost of $1,448.4 million . Accumulated Other Comprehensive Loss Components of AOCL, net of tax, within the Consolidated Statements of Stockholders' Equity are as follows (in thousands): As of October 31 2019 2018 2017 Foreign currency translation adjustments $ 31,025 $ 29,711 $ 21,303 Pension and post-retirement benefits 4,861 561 2,012 Cash flow derivative instruments (3,837 ) (6,335 ) 805 Total accumulated other comprehensive loss $ 32,049 $ 23,937 $ 24,120 The components and activity of AOCL are as follows (in thousands): Foreign Currency Translation Adjustments Pension and Post-Retirement Benefits Cash Flow Derivative Instruments Total Balance as of October 31, 2018 $ 29,711 $ 561 $ (6,335 ) $ 23,937 Other comprehensive (income) loss before reclassifications 1,314 4,300 (4,048 ) 1,566 Amounts reclassified from AOCL — — 6,546 6,546 Net current period other comprehensive loss 1,314 4,300 2,498 8,112 Balance as of October 31, 2019 $ 31,025 $ 4,861 $ (3,837 ) $ 32,049 Foreign Currency Translation Adjustments Pension and Post-Retirement Benefits Cash Flow Derivative Instruments Total Balance as of October 31, 2017 $ 21,303 $ 2,012 $ 805 $ 24,120 Other comprehensive (income) loss before reclassifications 8,408 (1,035 ) (5,489 ) 1,884 Amounts reclassified from AOCL — — (1,926 ) (1,926 ) Net current period other comprehensive (income) loss 8,408 (1,035 ) (7,415 ) (42 ) Reclassification due to the adoption of ASU 2018-02 — (416 ) 275 (141 ) Balance as of October 31, 2018 $ 29,711 $ 561 $ (6,335 ) $ 23,937 For additional information on the components of AOCL associated with pension and post-retirement benefits refer to Note 15 , Employee Retirement Plans . For additional information on the components reclassified from AOCL to the respective line items in net earnings for derivative instruments refer to Note 13 , Financial Instruments .

Investment in Joint Venture

Investment in Joint Venture	12 Months Ended
	Oct. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Investment in Joint Venture	11 Investment in Joint Venture In fiscal 2009, the company and TCFIF, a subsidiary of TCF National Bank, established 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. Under a separate arrangement, TCF Commercial Finance Canada, Inc. ("TCFCFC") provides inventory financing to dealers of the company's products in Canada. On November 29, 2016, during the first quarter of fiscal 2017, 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 $550.0 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 October 31, 2019 and 2018 was $24.1 million and $22.5 million, respectively. The company has not guaranteed the outstanding indebtedness of Red Iron. Under the financing 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. The company also entered into a limited inventory repurchase agreement with Red Iron and TCFCFC. Under such limited inventory repurchase agreement, the company has agreed to repurchase products repossessed by Red Iron and TCFCFC, up to a maximum aggregate amount of $7.5 million in a calendar year. The company's financial exposure under this repurchase agreement is limited to the difference between the amount paid to Red Iron and TCFCFC for repurchases of repossessed product and the amount received upon the subsequent resale of the repossessed product. The company has repurchased immaterial amounts of inventory under this repurchase agreement for the fiscal years ended October 31, 2019 , 2018 , and 2017 . 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 during fiscal 2019 , 2018 , and 2017 was $1,924.9 million , $1,959.7 million , and $1,847.7 million, respectively. The total amount of receivables due from Red Iron to the company as of October 31, 2019 and 2018 were $21.7 million and $21.4 million , respectively. Summarized financial information for Red Iron is presented as follows (in thousands): For the Twelve Months Ended October 31 2019 2018 2017 Revenue $ 47,569 $ 42,051 $ 35,158 Interest and operating expenses, net (21,011 ) (17,288 ) (13,030 ) Net income $ 26,558 $ 24,763 $ 22,128 As of October 31 2019 2018 Finance receivables, net $ 486,834 $ 446,138 Other assets 3,733 3,449 Total assets $ 490,567 $ 449,587 Notes payable $ 419,308 $ 378,128 Other liabilities 17,594 21,366 Partners' capital 53,665 50,093 Total liabilities and partners' capital $ 490,567 $ 449,587

Commitments and Contingent Liab

Commitments and Contingent Liabilities	12 Months Ended
	Oct. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	12 Commitments and Contingent Liabilities Leases The company enters into contracts for operating lease agreements for certain property, plant, or equipment assets in the normal course of business, such as buildings for manufacturing facilities, office space, distribution centers, and warehouse facilities; land for product testing sites; machinery and equipment for research and development activities, manufacturing and assembly processes, and administrative tasks; and vehicles for sales, marketing and distribution activities. Total rental expense for operating leases was $34.1 million , $27.4 million and $27.9 million for the fiscal years ended October 31, 2019 , 2018 and 2017 , respectively. As of October 31, 2019 , future minimum lease payments under noncancelable operating leases amounted to $83.1 million as follows: fiscal 2020 , $17.1 million ; fiscal 2021 , $15.8 million ; fiscal 2022 , $12.8 million ; fiscal 2023 , $9.8 million ; fiscal 2024 , $8.9 million ; and after fiscal 2024 , $18.7 million . Customer Financing Arrangements Wholesale Financing The company is party to a joint venture with TCFIF established as Red Iron to provide wholesale financing to certain dealers and distributors of certain of the company's products. Refer to Note 11 , Investment in Joint Venture for additional information related to Red Iron. Financing agreements are also in place with separate third-party financial institutions to provide financing to certain dealers not financed through Red Iron, including those in Australia and as a result of the company's acquisition of CMW. These separate third-party financial institutions purchased $235.4 million of receivables from the company during fiscal 2019 . As of October 31, 2019 , $148.4 million of receivables financed by these separate third-party financial institutions, excluding Red Iron, was outstanding. During fiscal 2018 , $29.8 million of receivables were purchased from the company by these third-party financial institutions and $13.0 million of receivables was outstanding as of October 31, 2018 . The increase in financing activity with these institutions is a result of the company's acquisition of CMW. For additional information on the acquisition of CMW, refer to Note 2 , Business Combinations . Additionally, as a result of the company's financing agreements with the separate third-party financial institutions, the company also entered into inventory repurchase agreements with the separate third-party financial institutions. Under such inventory repurchase agreements, the company has agreed to repurchase products repossessed by the separate third-party financial institutions. As of October 31, 2019 , the company was contingently liable to repurchase up to a maximum amount of $125.9 million of inventory related to receivables under these inventory repurchase agreements. The company's financial exposure under these repurchase agreements is limited to the difference between the amount paid to the separate third-party financial institutions for repurchases of repossessed product and the amount received upon the subsequent resale of the repossessed product. The company has repurchased immaterial amounts of inventory under these repurchase agreements for the fiscal years ended October 31, 2019 , 2018 , and 2017 . End-User Financing The company has agreements with third-party financing companies to provide lease-financing options to golf course, sports fields and grounds equipment and underground construction customers in the U.S., Canada, Australia, and select countries in Europe. The company has no material contingent liabilities for residual value or credit collection risk under these agreements with third-party financing companies. From time to time, the company enters into agreements where it provides recourse to third-party finance companies in the event of default by the customer for lease payments to the third-party finance company. The company's maximum exposure for credit collection as of October 31, 2019 was $10.1 million . Purchase Commitments As of October 31, 2019 , the company had $22.8 million of noncancelable purchase commitments with certain of the company's suppliers for commodities and supplies as part of the normal course of business. The company also entered into commitments for machinery and equipment purchases to support renovation efforts at its Plymouth, Wisconsin distribution center and certain international facilities. As of October 31, 2019 , the amount of the remaining obligation under these commitments was $1.9 million . Letters of Credit The company has access to an unsecured senior five-year revolving credit facility that, among other things, includes a $10.0 million sublimit for standby letters of credit. As of October 31, 2019 and October 31, 2018 , the company had $1.9 million and $1.5 million outstanding under the sublimit for standby letters of credit, respectively. Refer to Note 6 , Indebtedness , for additional information related to the company's revolving credit facility. The company's domestic and non-U.S. operations maintain import letters of credit during the normal course of business, as required by some vendor contracts. Collectively, these import letters of credit had a maximum availability of $13.3 million and $13.5 million as of October 31, 2019 and October 31, 2018 , respectively. As of October 31, 2019 and October 31, 2018 , the company had $4.7 million and $6.7 million , respectively, in outstanding import letters of credit. 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 U.S. 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.

Financial Instruments

Financial Instruments	12 Months Ended
	Oct. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	13 Financial Instruments Concentrations of Credit Risk Financial instruments, which potentially subject the company to concentrations of credit risk, consist principally of accounts receivable and derivative instruments. Accounts receivable balances are concentrated in the Professional and Residential business segments. The credit risk associated with these business segments is limited because of the large number of customers in the company's customer base and their geographic dispersion, except for the Residential segment, which has historically had significant sales to The Home Depot. The credit risk associated with the company's derivative instruments is limited as the company enters into derivative instruments with multiple counterparties that are highly rated financial institutions. Derivative Instruments and Hedging Activities Risk Management Objective of Using Derivatives 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’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. To reduce its exposure to foreign currency exchange rate risk, the company actively manages the exposure of its foreign currency exchange rate risk by entering into various derivative instruments to hedge against such risk, authorized under company policies that place controls on these hedging activities, with counterparties that are highly rated financial institutions. The company’s policy does not allow the use of derivative instruments for trading or speculative purposes. The company has 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 hedging activities primarily involve the use of forward currency contracts to hedge most foreign currency transactions, including forecasted sales and purchases denominated in foreign currencies. 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 derivative instruments 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 recognizes all derivative instruments at fair value on the Consolidated Balance Sheets as either assets or liabilities. The accounting for changes in the fair value of a derivative instrument depends on whether it has been designated and qualifies as a cash flow hedging instrument. Cash Flow Hedging Instruments The company formally documents relationships between cash flow hedging instruments and the related hedged transactions, as well as its risk-management objective and strategy for undertaking cash flow hedging instruments. This process includes linking all cash flow hedging instruments to the forecasted transactions, such as sales to third-parties, foreign plant operations, and purchases from suppliers. At the cash flow hedge’s inception and on an ongoing basis, the company formally assesses whether the cash flow hedging instruments have been highly effective in offsetting changes in the cash flows of the hedged transactions and whether those cash flow hedging instruments may be expected to remain highly effective in future periods. Changes in the fair values of the spot rate component of outstanding, highly effective cash flow hedging instruments included in the assessment of hedge effectiveness are recorded in other comprehensive income within AOCL on the Consolidated Balance Sheets and are subsequently reclassified to net earnings within the Consolidated Statements of Earnings during the same period in which the cash flows of the underlying hedged transaction affect net earnings. Changes in the fair values of hedge components excluded from the assessment of effectiveness are recognized immediately in net earnings under the mark-to-market approach. The classification of gains or losses recognized on cash flow hedging instruments and excluded components within the Consolidated Statements of Earnings is the same as that of the underlying exposure. Results of cash flow hedging instruments, and the related excluded components, of sales and foreign plant operations are recorded in net sales and cost of sales, respectively. 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 cash flow hedges of intercompany loans are recorded in other income, net as an offset to the remeasurement of the foreign loan balance. When it is determined that a derivative instrument is not, or has ceased to be, highly effective as a cash flow hedge, the company discontinues cash flow hedge accounting prospectively. The gain or loss on the dedesignated derivative instrument remains in AOCL and is reclassified to net earnings within the same Consolidated Statements of Earnings line item as the underlying exposure when the forecasted transaction affects net earnings. When the company discontinues cash flow 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 instrument remains in AOCL and is reclassified to net earnings within the same Consolidated Statements of Earnings line item as the underlying exposure 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 immediately recognized in net earnings within other income, net in the Consolidated Statements of Earnings. In all situations in which cash flow hedge accounting is discontinued and the derivative instrument remains outstanding, the company carries the derivative instrument at its fair value on the Consolidated Balance Sheets, recognizing future changes in the fair value within other income, net in the Consolidated Statements of Earnings. As of October 31, 2019 , the notional amount outstanding of forward contracts designated as cash flow hedging instruments was $244.6 million . Derivatives Not Designated as Cash Flow 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 Sheets. These contracts are not designated as cash flow 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 and location of the company’s derivative instruments on the Consolidated Balance Sheets (in thousands): Fair Value as of October 31 2019 2018 Derivative assets: Derivatives designated as cash flow hedging instruments: Prepaid expenses and other current assets Forward currency contracts $ 8,642 $ 8,596 Derivatives not designated as cash flow hedging instruments: Prepaid expenses and other current assets Forward currency contracts 2,256 2,305 Total assets $ 10,898 $ 10,901 Derivative liabilities: Derivatives not designated as cash flow hedging instruments: Accrued liabilities Forward currency contracts $ 9 $ 13 Total liabilities $ 9 $ 13 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 instruments 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 instruments that are recorded in the Consolidated Balance Sheets (in thousands): Fair Value as of October 31 2019 2018 Derivative assets: Forward currency contracts: Gross amounts of recognized assets $ 11,056 $ 10,901 Gross liabilities offset in the Consolidated Balance Sheets (158 ) — Net amounts of assets presented in the Consolidated Balance Sheets $ 10,898 $ 10,901 Derivative liabilities: Forward currency contracts: Gross amounts of recognized liabilities $ (9 ) $ (13 ) Gross assets offset in the Consolidated Balance Sheets — — Net amounts of liabilities presented in the Consolidated Balance Sheets $ (9 ) $ (13 ) The following table presents the impact and location of the amounts reclassified from AOCL into net earnings on the Consolidated Statements of Earnings and the impact of derivative instruments on the Consolidated Statements of Comprehensive Income for the company's derivatives designated as cash flow hedging instruments (in thousands): Gain (Loss) Reclassified from AOCL into Income Gain (Loss) Recognized in OCI on Derivatives Fiscal Years Ended October 31 2019 2018 2019 2018 Derivatives designated as cash flow hedging instruments: Forward currency contracts: Net sales $ 5,732 $ (2,914 ) $ (2,268 ) $ 7,008 Cost of sales 814 988 (230 ) 132 Total derivatives designated as cash flow hedging instruments $ 6,546 $ (1,926 ) $ (2,498 ) $ 7,140 During fiscal 2019 and 2018 , the company recognized immaterial gains within other income, net due to the discontinuance of cash flow hedge accounting on forward currency contracts designated as cash flow hedging instruments. As of October 31, 2019 , the company expects to reclassify approximately $4.0 million of gains from AOCL to earnings during the next twelve months. The following tables present the impact and location of derivative instruments on the Consolidated Statements of Earnings for the company’s derivatives designated as cash flow hedging instruments and the related components excluded from hedge effectiveness testing (in thousands): Gain Recognized in Earnings on Cash Flow Hedging Instruments Fiscal Year Ended Net Sales Cost of Sales Total Consolidated Statements of Earnings income (expense) amounts in which the effects of cash flow hedging instruments are recorded $ 3,138,084 $ (2,090,121 ) Gain on derivatives designated as cash flow hedging instruments: Forward currency contracts: Amount of gain reclassified from AOCL into earnings 5,732 814 Gain on components excluded from effectiveness testing recognized in earnings based on changes in fair value $ 5,358 $ 135 Gain (Loss) Recognized in Earnings on Cash Flow Hedging Instruments Fiscal Year Ended Net Sales Cost of Sales Total Consolidated Statements of Earnings income (expense) amounts in which the effects of cash flow hedging instruments are recorded $ 2,618,650 $ (1,677,639 ) Gain (loss) on derivatives designated as cash flow hedging instruments: Forward currency contracts: Amount of gain (loss) reclassified from AOCL into earnings (2,914 ) 988 Gain (loss) on components excluded from effectiveness testing recognized in earnings based on changes in fair value $ 490 $ (369 ) The following table presents the impact and location of derivative instruments on the Consolidated Statements of Earnings for the company’s derivatives not designated as cash flow hedging instruments (in thousands): Fiscal Years Ended October 31 2019 2018 Gain (loss) on derivative instruments not designated as cash flow hedging instruments: Forward currency contracts: Other income, net $ (2,087 ) $ 2,930 Total gain (loss) on derivatives not designated as cash flow hedging instruments $ (2,087 ) $ 2,930

Fair Value

Fair Value	12 Months Ended
	Oct. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value	14 Fair Value 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 flows), 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. Recurring Fair Value Measurements The company's derivative instruments consist of forward currency contracts that are measured at fair value on a recurring basis. The fair value of forward currency contracts is determined based on observable market transactions of forward currency prices and spot currency rates as of the reporting date. There were no transfers between the levels of the fair value hierarchy during the fiscal years ended October 31, 2019 and 2018 . The following tables present, by level within the fair value hierarchy, the company's financial assets and liabilities that are measured at fair value on a recurring basis as of October 31, 2019 and 2018 , according to the valuation technique utilized to determine their fair values (in thousands): Fair Value Measurements Using Inputs Considered as: October 31, 2019 Fair Value Level 1 Level 2 Level 3 Assets: Forward currency contracts $ 10,898 $ — $ 10,898 $ — Total assets $ 10,898 $ — $ 10,898 $ — Liabilities: Forward currency contracts $ 9 $ — $ 9 $ — Total liabilities $ 9 $ — $ 9 $ — Fair Value Measurements Using Inputs Considered as: October 31, 2018 Fair Value Level 1 Level 2 Level 3 Assets: Forward currency contracts $ 10,901 $ — $ 10,901 $ — Total assets $ 10,901 $ — $ 10,901 $ — Liabilities: Forward currency contracts $ 13 $ — $ 13 $ — Total liabilities $ 13 $ — $ 13 $ — Nonrecurring Fair Value Measurements The company measures certain assets and liabilities at fair value on a non-recurring basis. Assets and liabilities that are measured at fair value on a nonrecurring basis include long-lived assets, goodwill, and indefinite-lived intangible assets, which would generally be recorded at fair value as a result of an impairment charge. Assets acquired and liabilities assumed as part of business combinations are measured at fair value. For additional information on the company's business combinations and the related non-recurring fair value measurement of the assets acquired and liabilities assumed, refer to Note 2 , Business Combinations . Other Fair Value Disclosures The carrying values of the company's short-term financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and short-term debt, including current maturities of long-term debt, when applicable, approximate their fair values due to their short-term nature. Included in long-term debt is $423.9 million of fixed rate debt that is not subject to variable interest rate fluctuations. The fair value of such long-term debt is determined using Level 2 inputs by discounting the projected cash flows based on quoted market rates at which similar amounts of debt could currently be borrowed. As of October 31, 2019 , the estimated fair value of long-term debt with fixed interest rates was $493.8 million compared to its carrying amount of $423.9 million . As of October 31, 2018 , the estimated fair value of long-term debt with fixed interest rates was $260.5 million compared to its carrying amount of $221.5 million . For additional information regarding long-term debt with fixed interest rates, refer to Note 6 , Indebtedness

Employee Retirement Plans

Employee Retirement Plans	12 Months Ended
	Oct. 31, 2019
Retirement Benefits [Abstract]
Employee Retirement Plans	15 Employee Retirement Plans Defined Contribution Plans The company maintains The Toro Company Investment, Savings, and Employee Stock Ownership Plan for eligible employees. The company's expenses under this plan were $23.4 million , $18.8 million , and $17.9 million for the fiscal years ended October 31, 2019 , 2018 , and 2017 , respectively. The increase in expense for the year ended October 31, 2019 , as compared to the year ended October 31, 2018 , was primarily due to the company's acquisition of CMW during the company's fiscal 2019 second quarter. Refer to Note 2 , Business Combinations , for additional information regarding the company's acquisition of CMW. Defined Benefit Plans The company has defined benefit, supplemental, and other retirement plans covering certain employees in the U.S. and the United Kingdom ("retirement plans"). The projected benefit obligation and accumulated benefit obligation of the retirement plans were $39.5 million and $36.3 million , as of October 31, 2019 and 2018 , respectively. The net liability amount recognized in the Consolidated Balance Sheets for the retirement plans was $1.4 million and $5.1 million as of October 31, 2019 , respectively. The fair value of the retirement plans assets as of October 31, 2019 and 2018 was $38.0 million and $33.2 million , respectively. The net funded status of these plans as of October 31, 2019 and 2018 was underfunded at $1.5 million and $3.1 million , respectively. Service costs of these plans are presented in selling, general and administrative expense within the Consolidated Statements of Earnings. Non-service cost components of net periodic benefit cost (income), including realized gains or losses as a result of changes in actuarial valuation assumptions, are presented in other income, net within the Consolidated Statements of Earnings. The company recognized income of $6.6 million for the fiscal year ended October 31, 2019 and recognized expense of $0.2 million and $1.5 million for the fiscal years ended October 31, 2018 and 2017 , respectively, within the Consolidated Statements of Earnings for the retirement plans. Amounts recognized in AOCL consisted of (in thousands): Fiscal Years Ended October 31 Defined Benefit Pension Plans Post-Retirement Benefit Plan Total 2019 Net actuarial loss $ 4,861 $ — $ 4,861 Accumulated other comprehensive loss $ 4,861 $ — $ 4,861 2018 Net actuarial loss (gain) $ 4,632 $ (4,071 ) $ 561 Accumulated other comprehensive loss (income) $ 4,632 $ (4,071 ) $ 561 The following amounts are included within AOCL as of October 31, 2019 and are expected to be recognized as components of net periodic benefit (income) cost during fiscal 2020 (in thousands): October 31, 2019 Defined Benefit Pension Plans Post-Retirement Benefit Plan Total Net actuarial gain $ (139 ) $ — $ (139 ) Total net periodic benefit income $ (139 ) $ — $ (139 ) Amounts recognized in net periodic benefit cost (income) and other comprehensive loss (income) consisted of (in thousands): Fiscal Year Ended October 31 Defined Benefit Pension Plans Post-Retirement Benefit Plan Total 2019 Net actuarial loss (gain) $ 154 $ (1,138 ) $ (984 ) Amortization of unrecognized actuarial gain 71 5,213 5,284 Total recognized in other comprehensive income $ 225 $ 4,075 $ 4,300 Total recognized in net periodic benefit cost (income) and other comprehensive loss (income) $ 396 $ (2,653 ) $ (2,257 ) Fiscal Year Ended October 31 Defined Benefit Pension Plans Post-Retirement Benefit Plan Total 2018 Net actuarial (gain) $ (277 ) $ (745 ) $ (1,022 ) Amortization of unrecognized actuarial gain (loss) (300 ) 287 (13 ) Total recognized in other comprehensive income $ (577 ) $ (458 ) $ (1,035 ) Total recognized in net periodic benefit cost (income) and other comprehensive loss (income) $ 106 $ (1,322 ) $ (1,216 ) The company has omitted the remaining disclosures for its retirement plans as the company deems these retirement plans to be immaterial to its Consolidated Financial Statements.

Other Income, Net

Other Income, Net	12 Months Ended
	Oct. 31, 2019
Other Income and Expenses [Abstract]
Other Income, Net	16 Other Income, Net Other income (expense) is as follows (in thousands): Fiscal Years Ended October 31 2019 2018 2017 Interest income $ 2,753 $ 2,463 $ 1,359 Retail financing revenue 1,178 1,232 1,097 Foreign currency exchange rate gain 1,558 1,127 1,543 Loss on asset disposals (484 ) — — Non-cash income from finance affiliate 11,948 11,143 9,960 Litigation settlements, net of recoveries (1,659 ) (700 ) (65 ) Net periodic benefit income on defined benefit pension and post-retirement plans 6,822 — — Miscellaneous 3,823 3,143 3,293 Total other income, net $ 25,939 $ 18,408 $ 17,187

Subsequent Events

Subsequent Events	12 Months Ended
	Oct. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	17 Subsequent Events On December 20, 2019, Toro (or one of Toro’s wholly owned subsidiaries), TCFIF (or one of TCFIF’s wholly owned subsidiaries or affiliates), and Red Iron amended certain agreements pertaining to the Red Iron joint venture, including: (i) a Third Amendment to Agreement to Form Joint Venture between Toro and TCFIF (“JV Amendment”); (ii) a Fifth Amendment to Limited Liability Company Agreement of Red Iron Acceptance, LLC between Red Iron Holding Corporation, a wholly owned subsidiary of Toro (“Red Iron Holding”), and TCFIF Joint Venture I, LLC, a wholly owned subsidiary of TCFIF (“TCFIF JV I”) (“LLC Amendment”); (iii) a Third Amendment to Credit and Security Agreement between TCFIF, as lender, and Red Iron, as borrower (“Credit Agreement Amendment”); and (iv) a First Amendment to Fourth Amended and Restated Program and Repurchase Agreement between Toro and Red Iron (“Program and Repurchase Agreement Amendment”). The purpose of these amendments is, among other things, to: (i) adjust certain rates under the floor plan financing rate structure charged to Toro’s distributors and dealers participating in financing arrangements through the Red Iron joint venture; (ii) extend the term of Red Iron from October 31, 2024 to October 31, 2026, subject to two-year extensions thereafter unless either party provides written notice to the other party of non-renewal at least one year prior to the end of the then-current term; (iii) amend certain exclusivity-related provisions, including the definition of Toro products that are subject to exclusivity, inclusion of a two-year review period by Toro for products acquired in future acquisitions to assess, without a commitment to exclusivity, the potential benefits and detriments of including such acquired products under the Red Iron financing arrangement, and the pro-rata payback over a five-year period of the exclusivity incentive payment Toro received from TCFIF in 2016 (the “2016 Exclusivity Payment”); (iv) extend the maturity date of the revolving credit facility used by Red Iron primarily to finance the acquisition of inventory from Toro and its affiliates by its distributors and dealers from October 31, 2024 to October 31, 2026 and to increase the amount available under such revolving credit facility from $550 million to $625 million ; and (v) memorialize certain other non-material amendments. For additional information regarding Toro’s Red Iron joint venture, refer to Note 11, Investment in Joint Venture . The company has evaluated all additional 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.

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Oct. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data (Unaudited)	18 Quarterly Financial Data (Unaudited) Summarized quarterly financial data for fiscal 2019 and 2018 are as follows (dollars in thousands, except per share data): Quarter Fiscal Year Ended October 31, 2019 First Second 2 Third 2 Fourth Net sales $ 602,956 $ 962,036 $ 838,713 $ 734,379 Gross profit 215,617 321,298 265,981 245,067 Net earnings 59,540 115,570 60,607 38,266 Basic net earnings per share 1 0.56 1.08 0.57 0.36 Diluted net earnings per share 1 $ 0.55 $ 1.07 $ 0.56 $ 0.35 Quarter Fiscal Year Ended October 31, 2018 First Second Third Fourth Net sales $ 548,246 $ 875,280 $ 655,821 $ 539,303 Gross profit 204,239 324,056 233,653 179,063 Net earnings 22,604 131,289 79,009 39,037 Basic net earnings per share 1 0.21 1.23 0.75 0.37 Diluted net earnings per share 1 $ 0.21 $ 1.21 $ 0.73 $ 0.36 1 Basic and diluted net earnings per share amounts may not equal the full year total due to changes in the number of weighted-average shares of common stock outstanding during the periods and rounding. 2 During fiscal 2019, CMW's financial position, results of operations, and cash flows were reported on a calendar month end. Accordingly, April 30, 2019 and July 31, 2019 were the calendar quarterly period end dates closest to the company's quarterly fiscal periods ended May 3, 2019 and August 2, 2019, respectively. This reporting period difference did not have material impact on the company's Consolidated Results of Operations during the company's second and third fiscal quarters. For the company's fiscal 2019 fourth quarter, the reporting period end for both CMW and the company was October 31, 2019.

SCHEDULE II

SCHEDULE II	12 Months Ended
	Oct. 31, 2019
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
SCHEDULE II	SCHEDULE II THE TORO COMPANY AND SUBSIDIARIES Valuation and Qualifying Accounts (Dollars in thousands) Balance as of the Beginning of the Fiscal Year Charged to Costs and Expenses 1 Acquisitions Deductions 2 Balance as of the End of the Fiscal Year Fiscal year ended October 31, 2019 Accrued advertising and marketing programs $ 89,450 $ 402,087 $ 6,669 $ 394,789 $ 103,417 Fiscal year ended October 31, 2018 Accrued advertising and marketing programs 85,934 387,774 — 384,258 89,450 Fiscal year ended October 31, 2017 Accrued advertising and marketing programs $ 81,315 $ 377,989 $ — $ 373,370 $ 85,934 1 Provision consists of off-invoice discounts, rebate programs, incentive discounts, financing programs, various commissions, and cooperative advertising. The expense of each program is classified either as a reduction from gross sales or as a component of selling, general, and administrative expense as explained in more detail in the section entitled "Sales Promotions and Incentives" included in Part II, Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations" of this report and in Note 1 , Summary of Significant Accounting Policies and Related Data of the Notes to Consolidated Financial Statements, in the section entitled "Sales Promotions and Incentives" included in Part II, Item 8, "Financial Statements and Supplementary Data" of this report. 2 Claims paid.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies and Related Data (Policies)	12 Months Ended
	Oct. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The accompanying Consolidated Financial Statements include the accounts of The Toro Company and its wholly-owned subsidiaries (the "company" or "Toro"). The company uses the equity method to account for equity investments in unconsolidated entities over which it has the ability to exercise significant influence over operating and financial policies. Consolidated net earnings include the company's share of the net earnings (losses) of these equity method investments. Equity investments in unconsolidated entities that the company does not control and for which it does not have the ability to exercise significant influence over operating and financial policies are recorded at cost, less impairment, as applicable, within the Consolidated Balance Sheets. All intercompany accounts and transactions have been eliminated from the Consolidated Financial Statements.
Accounting Estimates	Accounting Estimates In preparing the Consolidated Financial Statements in conformity with United States ("U.S.") generally accepted accounting principles ("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, income tax accruals, inventory valuation, warranty reserves, allowance for doubtful accounts, pension and post-retirement accruals, self-insurance accruals, useful lives for tangible and definite-lived intangible assets, future cash flows associated with impairment testing for goodwill, indefinite-lived intangible assets and other long-lived assets, and valuations of the assets acquired and liabilities assumed in a business combination, when applicable. These estimates and assumptions are based on management's best estimates and judgments at the time they are made and are generally derived from management's understanding and analysis of the relevant circumstances, historical experience, and actuarial and other independent external third-party specialist valuations, when applicable. 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.
Business Combinations	Business Combinations The company accounts for the acquisition of a business in accordance with the accounting standards codification guidance for business combinations, whereby the total consideration transferred is allocated to the assets acquired and liabilities assumed, including amounts attributable to non-controlling interests, when applicable, based on their respective estimated fair values as of the date of acquisition. Goodwill represents the excess of consideration transferred over the estimated fair value of the net assets acquired in a business combination.
Cash and Cash Equivalents	Cash and Cash Equivalents
Receivables	Receivables The company's financial exposure to collection of accounts receivable is primarily reduced due to its Red Iron Acceptance, LLC ("Red Iron") joint venture with TCF Inventory Finance, Inc. ("TCFIF"), as further discussed in Note 11 , Investment in Joint Venture . The company also has floor plan financing agreements with separate third-party financial institutions to provide inventory financing to certain dealers not financed through Red Iron, which include agreements with third-party financial institutions as a result of the company's acquisition of The Charles Machine Works, Inc. ("CMW"). For receivables not serviced through Red Iron or other third-party floor plan financing agreements, the company grants credit to customers in the normal course of business and performs on-going credit evaluations of customers. Receivables are recorded at original carrying amount less estimated allowance for doubtful accounts.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts The company estimates the balance of allowance for doubtful accounts by analyzing the age of accounts and notes receivable balances and applying historical write-off trend rates. The company also estimates separately, specific customer balances when it is deemed probable that the balance is uncollectible. Account balances are charged off against the allowance when all collection efforts have been exhausted.
Inventory Valuations	Inventory Valuations Inventories are valued at the lower of cost or net realizable value, with cost determined by the first-in, first-out ("FIFO") method for 54.0 percent and 31.0 percent of total inventories as of October 31, 2019 and 2018 , respectively. The last-in, first-out ("LIFO") and average cost methods are used for all other inventories. The company's percentage of inventories valued under the FIFO method of accounting increased as a result of the company's acquisition of CMW on April 1, 2019. During fiscal 2019 and fiscal 2018 , LIFO layers were not materially reduced. Additionally, 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 planned production, as well as planned and historical sales of the inventory.
Property and Depreciation	Property and Depreciation Property, plant and equipment are carried at cost less accumulated depreciation. The company provides for depreciation of property, plant and equipment utilizing the straight-line method over the estimated useful lives of the assets. Buildings and leasehold improvements are generally depreciated over 10 to 40 years , machinery and equipment are generally depreciated over two to 15 years , tooling is generally depreciated over three to five years , and computer hardware and software and website development costs are generally depreciated over two to five years
Goodwill and Indefinite-Life Intangible Assets	Goodwill and Indefinite-Lived Intangible Assets Goodwill represents the cost of business combinations in excess of the fair values assigned to identifiable net assets acquired. Goodwill is assigned to reporting units based upon the expected benefit of the synergies of the acquisition. Goodwill and certain trade names, which are considered to have indefinite lives, are not amortized; however, the company reviews them for impairment annually during the fourth quarter of each fiscal year or more frequently if changes in circumstances or the occurrence of events indicate that the fair value may not be recoverable. During the fourth quarter of fiscal 2019 , the company performed its annual goodwill impairment test. In performing the annual goodwill impairment test, the company first reviewed its reporting units and determined that it has ten reporting units, which are the same as its ten operating segments. Eight reporting units contain goodwill on their respective balance sheets. Next, the company elected to bypass the qualitative assessment and move directly to the quantitative goodwill impairment analysis. In performing the quantitative goodwill impairment analysis, the company compared the carrying value of each reporting unit, including goodwill, to its fair value. The carrying value of each reporting unit was determined based on the amount of equity required for the reporting unit's activities, considering the specific assets and liabilities of the reporting unit. The company did not assign corporate assets and liabilities that do not relate to the operations of the reporting unit, or are not considered in determining the fair value of the reporting unit, to the reporting units. The company's estimate of the respective fair values of its reporting units was determined under the income approach, which utilized various inputs and assumptions, including projected operating results and growth rates from the company's forecasting process, applicable tax rates, and a weighted-average cost of capital rate. Where available, and as appropriate, comparable market multiples and the company's market capitalization were also utilized to corroborate the results of the discounted cash flow models under the income approach. Based on the quantitative goodwill impairment analysis, the company determined there was no impairment of goodwill during fiscal 2019 for any of its reporting units as the fair values of the reporting units exceeded their carrying values, including goodwill. Further, no impairment of goodwill was recorded during fiscal years 2018 and 2017 . During the fourth quarter of fiscal 2019
Other Long-Lived Assets	Other Long-Lived Assets Other long-lived assets consist of property, plant, and equipment; capitalized implementation costs for hosted cloud-computing arrangements; and definite-lived intangible assets. The company's definite-lived intangible assets are identifiable assets that were acquired as a result of business combinations and primarily consist of patents, non-compete agreements, customer relationships and lists, backlog, trade names, and developed technology and are amortized on a straight-line basis over periods ranging from one to 20 years. The company reviews other long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset, or asset group, may not be recoverable. Asset groups have identifiable cash flows and are largely independent of other asset groups. An impairment loss is recognized when estimated undiscounted future cash flows from the operation or disposition of the asset group are less than the carrying amount of the asset group. Measurement of an impairment loss is based on the excess of the carrying amount of the asset group over its fair value. Fair value is measured using a discounted cash flow model or independent appraisals, as appropriate. Based on the company's impairment analysis for other long-lived assets, the company did not have any impairment losses for fiscal 2019 , 2018 and 2017 . For other long-lived assets to be abandoned, the company tests for potential impairment. If the company commits to a plan to abandon or dispose of an other long-lived asset before the end of its previously estimated useful life, depreciation or amortization estimates are revised.
Accounts Payable	Accounts Payable The company has a service agreement with a third-party financial institution to provide a web-based platform that facilitates participating suppliers' ability to finance payment obligations from the company with the third-party financial institution. Participating suppliers may, at their sole discretion, make offers to finance one
Insurance	Insurance The company is self-insured for certain losses relating to employee medical, dental, workers' compensation and certain product liability claims. Specific stop loss coverages are provided for catastrophic claims in order to limit exposure to significant claims. Losses and claims are charged to net earnings when it is probable a loss has been incurred and the amount can be reasonably estimated. Self-insured liabilities are based on a number of factors, including historical claims experience, an estimate of claims incurred but not reported, demographic and severity factors, and utilizing valuations provided by independent third-party actuaries.
Accrued Warranties	Accrued Warranties The company’s products are warranted to provide assurance that the product will function as expected and to ensure customer confidence in design, workmanship, and overall quality. Warranty coverage is generally provided 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. Service support outside of the warranty period is provided by authorized distributors and dealers at the customer's expense. In addition to the standard warranties offered by the company on its products, the company also sells separately priced extended warranty coverage on select products for a prescribed period after the original warranty period expires. The company recognizes expense and provides an accrual for estimated future warranty costs at the time of sale and also establishes accruals for major rework campaigns. Warranty accruals are based primarily 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 and the historical length of time between the sale and resulting warranty claim. The company periodically assesses the adequacy of its warranty accruals based on changes in these factors and records any necessary adjustments if actual claims experience indicates that adjustments are necessary.
Derivatives	Derivatives Derivative instruments, consisting primarily of forward currency contracts, are used to hedge most foreign currency transactions, including forecasted sales and purchases denominated in foreign currencies. All derivative instruments are recognized on the Consolidated Balance Sheets at fair value as either assets or liabilities. If the derivative instrument is designated as a cash flow hedging instrument, changes in the fair values of the spot rate component of outstanding, highly effective cash flow hedging instruments included in the assessment of hedge effectiveness are recorded in other comprehensive income within accumulated other comprehensive loss (“AOCL”) on the Consolidated Balance Sheets and are subsequently reclassified to net earnings within the Consolidated Statements of Earnings during the same period in which the cash flows of the underlying hedged transaction affect net earnings. Changes in the fair values of hedge components excluded from the assessment of effectiveness are recognized immediately in net earnings under the mark-to-market approach. Derivatives that are not designated as cash flow hedging instruments are adjusted to fair value through other income, net, on the Consolidated Statements of Earnings.
Foreign Currency Translation and Transactions	Foreign Currency Translation and Transactions The functional currency of the company's foreign operations is generally the applicable local currency. The functional currency is translated into U.S. dollars for balance sheet accounts using current exchange rates in effect as of the balance sheet date and for revenue and expense accounts using a weighted-average exchange rate during the fiscal year. The translation adjustments are deferred as a component of other comprehensive income within the Consolidated Statements of Comprehensive Income and the Consolidated Statements of Stockholders' Equity. Gains or losses resulting from transactions denominated in foreign currencies are included in other income, net in the Consolidated Statements of Earnings.
Income Taxes	Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years that those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income tax expense in the period that includes the enactment date. A valuation allowance is provided when, in management's judgment, it is more likely than not that some portion or all of the deferred tax asset will not be realized. The company has reflected the necessary deferred tax assets and liabilities in the accompanying Consolidated Balance Sheets. Management believes the future tax deductions will be realized principally through future taxable income, future reversals of existing taxable temporary differences, and carryback to taxable income in prior years. The company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50 percent likely to be realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The company also records interest and penalties related to unrecognized tax benefits within income tax expense.
Revenue Recognition	Revenue Recognition The company's primary source of revenue is generated through the sale of equipment and irrigation products and services to its customers, which primarily consist of a worldwide network of distributors, dealers, mass retailers, hardware retailers, home centers, as well as online (direct to end-users). The company enters into contracts with its customers for the sale of products or rendering of services in the ordinary course of business. A contract with commercial substance exists at the time the company receives and accepts a purchase order under a sales contract with a customer. The company recognizes revenue when, or as, performance obligations under the terms of a contract with its customer are satisfied, which occurs with the transfer of control of product or services. Control is typically transferred to the customer at the time a product is shipped, or in the case of certain agreements, when a product is delivered or as services are rendered. Revenue is recognized based on the transaction price, which is measured as the amount of consideration the company expects to receive in exchange for transferring product or rendering services pursuant to the terms of the contract with a customer. The amount of consideration the company receives and the revenue the company recognizes varies with changes in sales promotions and incentives offered to customers, as well as anticipated product returns. A provision is made at the time revenue is recognized as a reduction of the transaction price for variable consideration, consisting primarily of expected product returns, rebates, floor plan costs, and other sales promotion and incentive expenses. If a contract contains more than one performance obligation, the transaction price is allocated to each performance obligation based on the relative standalone selling price of the respective promised good or service. The company does not recognize revenue in situations where collectability from the customer is not probable, and defers the recognition of revenue until collection is probable or payment is received and performance obligations are satisfied. Additionally, the company ships some of its products to a key retailer's distribution centers on a consignment basis. The company retains control of its products stored at the distribution centers. As the company's products are removed from the distribution centers by the key retailer and shipped to the key retailer's stores, control is transferred from the company to the key retailer. At that time, the company invoices the key retailer and recognizes revenue for these consignment transactions. The company does not offer a right of return for products shipped to the key retailer's stores from the distribution centers. The value of consignment inventory as of October 31, 2019 and 2018 was $19.9 million and $22.7 million , respectively. Freight and shipping revenue billed to customers concurrent with revenue producing activities is included within revenue and the cost for freight and shipping is recognized as an expense within cost of sales when control has transferred to the customer. Shipping and handling activities that occur after control of the related products is transferred are treated as a fulfillment activity rather than a promised service, and therefore, are not considered a performance obligation. Sales, use, value-added, and other excise taxes the company collects concurrent with revenue producing activities are excluded from revenue. Incremental costs of obtaining a contract for which the performance obligations will be satisfied within the next twelve months are expensed as incurred. Incidental items, including goods or services, that are immaterial in the context of the contract are recognized as expense when incurred. Sales Promotions and Incentives At the time of sale, the company records an estimate for sales promotion and incentive costs. The company's estimates of sales promotion and incentive costs are based on the terms of the arrangements with customers, historical payment experience, field inventory levels, volume purchases, and expectations for changes in relevant trends in the future. The expense of each program is classified as a reduction from gross sales or as a component of selling, general and administrative expense, depending on the nature of the respective program. Examples of significant sales promotions and incentive programs in which the related expense is classified as a reduction from gross sales are as follows: • Off-Invoice Discounts: The company's costs for off-invoice discounts represent a reduction in the selling price of its products given at the time of sale. • Rebate Programs: The company's rebate programs are generally based on claims submitted from either its direct customers or end-users of its products, depending upon the program. The amount of the rebate varies based on the specific program and is either a dollar amount or a percentage of the purchase price and can also be based on actual retail price as compared to the company's selling price. • Incentive Discounts: The company's costs for incentive discount programs are based on its customers’ purchase or retail sales goals of certain quantities or mixes of product during a specified time period, which are tracked on an annual or quarterly basis depending on the program. • Financing Programs: The company's financing programs, consist of wholesale floor plan financing and end-user retail financing. Costs incurred for wholesale floor plan financing programs represent financing costs associated with programs under which the company pays a portion of the interest cost to finance distributor and dealer inventories through third-party financing arrangements for a specific period of time. End-user retail financing is similar to floor planning with the difference being that retail financing programs are offered to end-user customers under which the company pays a portion of interest costs on behalf of end-users for financing purchases of the company's equipment. • Commissions Paid to Service Home Centers: The company pays commissions to representative agencies to service home center customers to ensure appropriate store sets for all Toro product. This estimated expense is recorded at point of sale. In addition, Toro dealers are paid a commission to set up and deliver riding product purchased at certain home centers. Examples of significant sales promotions and incentive programs in which the related expense is classified as a component of selling, general, and administrative expense are as follows: • Commissions Paid to Distributors and Dealers: For certain products, the company uses a distribution network of dealers and distributors that purchase and take possession of products for sale to the end customer. In addition, the company has dealers and distributors that act as sales agents for it on certain products using a direct-selling type model. Under this direct-selling type model, the company's network of distributors and dealers facilitates a sale directly to the dealer or end-user customer on its behalf. Commissions to distributors and dealers in these instances represent commission payments to sales agents that are also its customers. • Cooperative Advertising: Cooperative advertising programs are based on advertising costs incurred by distributors and dealers for promoting the company's products. The company supports a portion of those advertising costs in which claims are submitted by the distributor or dealer along with evidence of the advertising material procured/produced and evidence of the cost incurred in the form of third-party invoices or receipts. Cost of Sales Cost of sales is primarily comprised of direct materials and supplies consumed to manufacture the company's products, as well as manufacturing labor and direct overhead expense necessary to convert direct materials and supplies into finished product. Cost of sales also includes inbound freight costs for direct materials and supplies, outbound freight costs for shipping products to customers, obsolescence expense, cost of services provided, and cash discounts on payments to vendors.
Selling, General, and Administrative Expense	Selling, General and Administrative Expense Selling, general, and administrative expense is primarily comprised of payroll and benefits costs, occupancy and operating costs of distribution and corporate facilities, warranty expense, depreciation and amortization expense on non-manufacturing tangible and intangible assets, advertising and marketing expenses, selling expenses, engineering and research costs, information systems costs, incentive and profit sharing expense, and other miscellaneous administrative costs, such as legal costs for internal and outside services that are expensed as incurred.
Cost of Financing Distributor and Dealer Inventory	Cost of Financing Distributor and Dealer Inventory Red Iron and separate third-party financial institutions provide inventory financing for certain distributors and dealers of the company. These financing arrangements are used by the company to assist customers in financing inventory and are structured as an advance in the form of a payment by Red Iron or the separate third-party financial institution to the company on behalf of a distributor or dealer with respect to invoices financed by Red Iron or the separate third-party financial institution. These payments extinguish the obligation of the dealer or distributor to make payment to the company under the terms of the applicable invoice.
Advertising	Advertising
Engineering and Research	Engineering and Research
Stock-Based Compensation	Stock-Based Compensation The company's stock-based compensation awards are generally granted to executive officers, other employees, and non-employee members of the company's Board of Directors, and include performance share awards that are contingent on the achievement of performance goals of the company, non-qualified stock options, and restricted stock units. Generally, compensation expense equal to the grant date fair value is recognized for these awards over the vesting period and is classified in selling, general and administrative expense. 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 Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended and restated (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.
Net Earnings Per Share	Incremental shares from options and restricted stock units are computed by the treasury stock method. Net Earnings Per Share Basic net earnings per share is calculated using net earnings available to common stockholders divided by the weighted-average number of shares of common stock outstanding during the year plus the assumed issuance of contingent shares. Diluted net earnings per share is similar to basic net earnings per share except that the weighted-average number of shares of common stock outstanding plus the assumed issuance of contingent shares is increased to include the number of additional shares of common stock that would have been outstanding assuming the issuance of all potentially dilutive shares, such as common stock to be issued upon exercise of options, contingently issuable shares, and restricted stock units.
New Accounting Pronouncements Adopted	New Accounting Pronouncements Adopted In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Updates ("ASU") No. 2014-09, Revenue from Contracts with Customers , that updates the principles for recognizing revenue. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. The guidance also requires enhanced disclosures regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606) , which deferred the effective date of this standard by one year. The company adopted ASU 2014-09 effective November 1, 2018, during the first quarter of fiscal 2019, using the modified retrospective method of adoption, which was applied to all contracts for which the company's performance obligations were not completed as of October 31, 2018. In adopting ASU 2014-09, the company elected the following allowable exemptions or practical expedients: • Portfolio approach practical expedient relative to the estimation of variable consideration. • Shipping and handling practical expedient to account for shipping and handling activities that occur after control of the related good transfers as fulfillment activities. • Costs of obtaining a contract practical expedient to recognize the incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset is one year or less. • Immaterial goods or services practical expedient to not assess whether promised goods or services are performance obligations if they are immaterial in the context of the contract with the customer. • Sales taxes practical expedient to exclude sales taxes and other similar taxes from the transaction price. • Exemption to not disclose the unfulfilled performance obligation balance for contracts with an original length of one year or less. Upon adoption of ASU 2014-09, the company recognized an immaterial transition adjustment within the company's fiscal 2019 beginning retained earnings balance on the Consolidated Balance Sheets for the cumulative effect of the change in accounting standard. Results for reporting periods beginning after November 1, 2018 are presented under the guidelines of Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers , while prior reporting period amounts have not been adjusted and continue to be reported under ASC 605, Revenue Recognition . The adoption of ASU 2014-09 did not materially impact the amount of revenue recognized or any other financial statement line item as of and for the fiscal year ended October 31, 2019. Additionally, the company identified and implemented the appropriate changes to its business processes, information systems, and internal controls to support the preparation of financial information, which did not materially affect the company's internal controls over financial reporting. Refer to Note 4 , Revenue , for the additional disclosures required under ASC 606. In March 2017, the FASB issued ASU No. 2017-07, Compensation - Retirement Benefits (Topic 715) , which requires entities to disaggregate and present separately the current service cost component from the other components of net periodic benefit cost within the income statement. The amended guidance was adopted in the first quarter of fiscal 2019 and did not have a material impact on the company's Consolidated Financial Statements. In May 2017, the FASB issued ASU No. 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting , which provides guidance on the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting under Topic 718. The amended guidance was adopted in the first quarter of fiscal 2019 and did not have a material impact on the company's Consolidated Financial Statements. In July 2019, the FASB issued ASU No. 2019-07, Codification Updates to SEC Sections - Amendments to SEC Paragraphs Pursuant to SEC Final Rule Releases No. 33-10532, Disclosure Update and Simplification, and Nos. 33-10231 and 33-10442, Investment Company Reporting Modernization, and Miscellaneous Updates , which aligns the guidance in various SEC sections of the FASB ASC with the requirements of certain already effective SEC final rules. ASU 2019-07 was effective immediately during the company's third quarter of fiscal 2019 and did not have a material impact on the company's Consolidated Financial Statements. New Accounting Pronouncements Not Yet Adopted In February 2016, the FASB issued ASU No. 2016-02, Leases , which, among other things, requires lessees to recognize most leases on-balance sheet. The standard requires the recognition of right-of-use assets ("ROU assets") and lease liabilities by lessees for those leases classified as operating leases under previous U.S. GAAP. The standard also requires a greater level of quantitative and qualitative disclosures regarding the nature of the entity’s leasing activities than were previously required under U.S. GAAP. In January 2018, the FASB issued ASU No. 2018-01, Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842 , which provides an optional transition practical expedient to not evaluate existing or expired land easements under the amended lease guidance. In July 2018, the FASB issued ASU 2018-10, Codification Improvements to Topic 842 (Leases) , which provides narrow amendments to clarify how to apply certain aspects of the new lease standard. Additionally, in July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842): Targeted Improvements , which provides an alternative transition method that permits an entity to use the effective date of ASU No. 2016-02 as the date of initial application through the recognition of a cumulative effect adjustment to the opening balance of retained earnings upon adoption. Consequently, an entity's reporting for the comparative periods presented in the financial statements in which it adopts the new lease standard will continue to be in accordance with previous U.S. GAAP under ASC Topic 840, Leases . ASU No. 2016-02, as augmented by ASU No. 2018-01, ASU No. 2018-10, and ASU No. 2018-11 (the "amended guidance"), will become effective for the company in the first quarter of fiscal 2020. In order to identify and evaluate the impact of the amended guidance on the company's Consolidated Financial Statements, Notes to Consolidated Financial Statements, business processes, internal controls, and information systems, the company established a cross-functional project management team. This cross-functional project management team is tasked with evaluating the potential implications of the amended guidance, including compiling and analyzing existing explicit lease agreements, reviewing contractual agreements for embedded leases, determining the discount rate to be used in valuing ROU assets and lease liabilities under new and existing leases, and assessing the changes to the company's accounting policies, business processes, internal controls, and information systems that may be necessary to comply with the provisions and all applicable financial statement disclosures required by the amended guidance. As of October 31, 2019, the company's cross-functional project management team has completed its evaluation process, whereby it has compiled and analyzed existing explicit lease agreements; reviewed contractual agreements for embedded leases; completed its assessment of the company's business and system requirements; selected and implemented the company's third-party lease accounting software solution; developed the company's business process for determining the discount rate to be utilized in valuing the ROU assets and lease liabilities for the company's operating leases; evaluated the impact of the amended guidance on the company's accounting policies, business processes and procedures, and information systems; designed internal controls regarding the completeness and accuracy of the company's lease population and, where applicable, reviewed new or amended contractual agreements for leases, including embedded leases, through the adoption date of the amended guidance. The company will adopt the amended guidance on November 1, 2019, the first quarter of fiscal 2020, under the alternative cumulative effect transition method. The company will elect the transition package of practical expedients permitted within the amended guidance, which among other things, allows the company to carryforward the historical lease classification determined under previous U.S. GAAP. Additionally, the company will elect the transition practical expedient to not reassess the company's accounting for land easements that exist as of the adoption of the amended guidance. The company will also make an accounting policy election that will keep leases with an initial term of 12 months or less off of its Consolidated Balance Sheets, which will result in recognizing those lease payments in its Consolidated Statements of Earnings on a straight-line basis over the lease term. The company will not elect the practical expedient to use hindsight in determining the lease term and in assessing impairment of right-of-use assets. Upon adoption, the company estimates it will recognize $77.1 million of ROU assets and $76.0 million of corresponding lease liabilities within its Consolidated Balance Sheets related to the company's operating lease agreements that convey our right to direct the use of, and obtain substantially all of the economic benefits from, the identified asset for a defined period of time in exchange for consideration. Changes in the company's lease population may impact these estimated amounts. Based on the results of the company's evaluation process, the company believes the adoption of the amended guidance will have a material impact on its Consolidated Balance Sheets and Notes to Consolidated Financial Statements. However, the company does not believe the adoption of the amended guidance will have a material impact on its Consolidated Statements of Earnings, Consolidated Statements of Cash Flows, business processes, internal controls, and information systems. In June 2016, the FASB issued ASU No. 2016-03, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which modifies the measurement approach for credit losses on financial assets measured on an amortized cost basis from an 'incurred loss' method to an 'expected loss' method. Such modification of the measurement approach for credit losses eliminates the requirement that a credit loss be considered probable, or incurred, to impact the valuation of a financial asset measured on an amortized cost basis. The amended guidance requires the measurement of expected credit losses to be based on relevant information, including historical experience, current conditions, and a reasonable and supportable forecast that affects the collectability of the related financial asset. This amendment will affect trade receivables, off-balance-sheet credit exposures, and any other financial assets not excluded from the scope of this amendment that have the contractual right to receive cash. The amended guidance will become effective in the first quarter of fiscal 2021. The company is currently evaluating the impact of this new standard on its Consolidated Financial Statements. In June 2018, the FASB issued ASU No. 2018-07, Compensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting , which expands the scope of ASC Topic 718 to include share-based payments granted to nonemployees in exchange for goods or services used or consumed in an entity's own operations and supersedes the guidance in ASC Topic 505-50. The amended guidance will become effective in the first quarter of fiscal 2020 and will not have a material impact on the company's Consolidated Financial Statements. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820) - Changes to the Disclosure Requirements for Fair Value Measurement , which modifies the disclosure requirements for fair value measurements by removing, modifying, or adding certain disclosures. The amended guidance will become effective in the first quarter of fiscal 2021. Early adoption is permitted for any removed or modified disclosures. The company is currently evaluating the impact of this new standard on its Consolidated Financial Statements. In August 2018, the FASB issued ASU No. 2018-14, Compensation - Retirement Benefits - Defined Benefit Plans (Topic 715) , which modifies the disclosure requirements for defined benefit pension plans and other post-retirement plans. The amended guidance will become effective in the first quarter of fiscal 2021. Early adoption is permitted. The company is currently evaluating the impact of this new standard on its Consolidated Financial Statements. The company believes that all other recently issued accounting pronouncements from the FASB that the company has not noted above, will not have a material impact on its Consolidated Financial Statements or do not apply to its operations.

(Tables)

(Tables)	12 Months Ended
	Oct. 31, 2019
Accounting Policies [Abstract]
Schedule of inventories	Inventories, net were as follows (in thousands): October 31 2019 2018 Raw materials and work in process $ 179,967 $ 115,280 Finished goods and service parts 553,767 315,179 Total FIFO value 733,734 430,459 Less: adjustment to LIFO value 82,071 72,200 Total inventories, net $ 651,663 $ 358,259
Schedule of property, plant and equipment	Property, plant and equipment was as follows (in thousands): October 31 2019 2018 Land and land improvements $ 55,613 $ 39,607 Buildings and leasehold improvements 276,556 209,686 Machinery and equipment 453,314 349,550 Tooling 226,870 211,756 Computer hardware and software 94,409 83,338 Construction in process 34,937 35,044 Subtotal 1,141,699 928,981 Less: accumulated depreciation 704,382 657,522 Total property, plant, and equipment, net $ 437,317 $ 271,459
Schedule of changes in accrued warranties	The changes in accrued warranties were as follows (in thousands): Fiscal Years Ended October 31 2019 2018 Beginning balance $ 76,214 $ 74,155 Warranty provisions 57,277 49,160 Acquisitions 18,418 — Warranty claims (58,878 ) (45,662 ) Changes in estimates 3,573 (1,439 ) Ending balance $ 96,604 $ 76,214
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 (in thousands): 2019 2018 2017 Basic Weighted-average number of shares of common stock 106,762 106,356 108,299 Assumed issuance of contingent shares 11 13 13 Weighted-average number of shares of common stock and assumed issuance of contingent shares 106,773 106,369 108,312 Diluted Weighted-average number of shares of common stock and assumed issuance of contingent shares 106,773 106,369 108,312 Effect of dilutive securities 1,317 2,288 2,940 Weighted-average number of shares of common stock, assumed issuance of contingent shares, and effect of dilutive securities 108,090 108,657 111,252

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Oct. 31, 2019
Business Combinations [Abstract]
Schedule of recognized identified assets acquired and liabilities assumed	The following table summarizes the allocation of the purchase price to the fair values assigned to the CMW assets acquired and liabilities assumed. These fair values are based on internal company and independent external third-party valuations (in thousands): April 1, 2019 Cash and cash equivalents $ 16,341 Receivables 65,674 Inventories 241,429 Prepaid expenses and other current assets 9,218 Property, plant and equipment 142,779 Goodwill 135,521 Other intangible assets 264,190 Other long-term assets 7,971 Accounts payable (36,655 ) Accrued liabilities (52,258 ) Deferred income tax liabilities (86,231 ) Other long-term liabilities (6,665 ) Total fair value of net assets acquired 701,314 Less: cash and cash equivalents acquired (16,341 ) Total purchase price $ 684,973
Finite-lived and indefinite-lived intangible assets acquired as part of business combination	The fair values of the other intangible assets acquired on the closing date, related accumulated amortization from the closing date through October 31, 2019 , and weighted-average useful lives were as follows (in thousands, except weighted-average useful life): Weighted-Average Useful Life Gross Carrying Amount Accumulated Amortization Net Customer-related 18.3 $ 130,800 $ (4,981 ) $ 125,819 Developed technology 7.8 20,900 (2,019 ) 18,881 Trade names 20.0 5,200 (152 ) 5,048 Backlog 0.5 3,590 (3,590 ) — Total amortizable 16.6 160,490 (10,742 ) 149,748 Non-amortizable - trade names 103,700 — 103,700 Total other intangible assets, net $ 264,190 $ (10,742 ) $ 253,448
Business acquisition, pro forma information	The following table presents unaudited pro forma financial information for fiscal 2019 and 2018 (in thousands, except per share data): October 31, 2019 October 31, 2018 Net sales $ 3,437,335 $ 3,332,636 Net earnings 1 363,452 276,722 Basic net earnings per share of common stock 3.40 2.60 Diluted net earnings per share of common stock 1 $ 3.36 $ 2.55 1 On January 1, 2019, CMW amended its retiree medical plans so that no employee hired, or rehired, after that date would be eligible for such retiree medical plans. CMW further amended its retiree medical plans on February 14, 2019 so that no employee who terminates employment after February 14, 2019 is eligible to participate in the retiree medical plans and to terminate its retiree medical plans effective December 31, 2019. The amendments and resulting termination of CMW's retiree medical plans resulted in a gain of approximately $45.8 million . This gain is reflected within net earnings in the unaudited pro forma financial information for the fiscal year ended October 31, 2019. The impact on diluted net earnings per share of common stock for the fiscal year ended October 31, 2019 was $0.42 per diluted share of common stock.

Segment Data (Tables)

Segment Data (Tables)	12 Months Ended
	Oct. 31, 2019
Segment Reporting [Abstract]
Summarized financial information concerning the company's reportable segments	The following tables present summarized financial information concerning the company's reportable segments and Other activities (in thousands): Fiscal Year Ended October 31, 2019 Professional Residential Other Total Net sales $ 2,443,448 $ 661,274 $ 33,362 $ 3,138,084 Intersegment gross sales (eliminations) 59,453 310 (59,763 ) — Earnings (loss) before income taxes 380,914 65,151 (123,932 ) 322,133 Total assets 1,592,065 430,495 307,987 2,330,547 Capital expenditures 57,246 16,970 18,665 92,881 Depreciation and amortization $ 63,885 $ 11,897 $ 11,916 $ 87,698 Fiscal Year Ended October 31, 2018 Professional Residential Other Total Net sales $ 1,946,999 $ 654,413 $ 17,238 $ 2,618,650 Intersegment gross sales (eliminations) 29,798 312 (30,110 ) — Earnings (loss) before income taxes 399,806 64,807 (92,216 ) 372,397 Total assets 916,106 199,273 455,605 1,570,984 Capital expenditures 58,109 16,014 16,001 90,124 Depreciation and amortization $ 38,585 $ 9,999 $ 12,693 $ 61,277 Fiscal Year Ended October 31, 2017 Professional Residential Other Total Net sales $ 1,811,705 $ 673,247 $ 20,224 $ 2,505,176 Intersegment gross sales (eliminations) 27,893 332 (28,225 ) — Earnings (loss) before income taxes 379,496 74,704 (101,016 ) 353,184 Total assets 836,600 189,578 467,609 1,493,787 Capital expenditures 29,786 10,605 17,885 58,276 Depreciation and amortization $ 41,313 $ 10,308 $ 13,365 $ 64,986
Summary of the components of the loss before income taxes included in "Other"	The following table presents the details of operating loss before income taxes for the company's Other activities (in thousands): Fiscal Years Ended October 31 2019 2018 2017 Corporate expenses $ (124,422 ) $ (92,541 ) $ (100,928 ) Interest expense (28,835 ) (19,096 ) (19,113 ) Other income 29,325 19,421 19,025 Total operating loss $ (123,932 ) $ (92,216 ) $ (101,016 )
Schedule of net sales for groups of similar products and services	The following table presents net sales for groups of similar products and services (in thousands): Fiscal Years Ended October 31 2019 2018 2017 Equipment $ 2,747,935 $ 2,210,047 $ 2,060,354 Irrigation and lighting 390,149 408,603 444,822 Total net sales $ 3,138,084 $ 2,618,650 $ 2,505,176
Schedule of geographic area data	The following geographic area data includes net sales based on product shipment destination and long-lived assets, which consist of net property, plant, and equipment, and is based on physical location in addition to allocated capital tooling from U.S. plant facilities (in thousands): Fiscal Years Ended October 31 United States Foreign Countries Total 2019 Net sales $ 2,413,153 $ 724,931 $ 3,138,084 Long-lived assets $ 395,937 $ 41,380 $ 437,317 2018 Net sales $ 1,975,562 $ 643,088 $ 2,618,650 Long-lived assets $ 230,246 $ 41,213 $ 271,459 2017 Net sales $ 1,893,249 $ 611,927 $ 2,505,176 Long-lived assets $ 194,338 $ 40,892 $ 235,230

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Oct. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of revenue	The following tables disaggregate the company's reportable segment net sales by major product type and geographic market (in thousands): Fiscal Year Ended October 31, 2019 Professional Residential Other Total Revenue by product type: Equipment $ 2,097,965 $ 628,521 $ 21,449 $ 2,747,935 Irrigation 345,483 32,753 11,913 390,149 Total net sales $ 2,443,448 $ 661,274 $ 33,362 $ 3,138,084 Revenue by geographic market: United States $ 1,853,054 $ 526,737 $ 33,362 $ 2,413,153 Foreign Countries 590,394 134,537 — 724,931 Total net sales $ 2,443,448 $ 661,274 $ 33,362 $ 3,138,084 Fiscal Year Ended October 31, 2018 Professional Residential Other Total Revenue by product type: Equipment $ 1,582,024 $ 617,827 $ 10,196 $ 2,210,047 Irrigation 364,975 36,586 7,042 408,603 Total net sales $ 1,946,999 $ 654,413 $ 17,238 $ 2,618,650 Revenue by geographic market: United States $ 1,441,815 $ 516,509 $ 17,238 $ 1,975,562 Foreign Countries 505,184 137,904 — 643,088 Total net sales $ 1,946,999 $ 654,413 $ 17,238 $ 2,618,650

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Oct. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in net carrying amount of goodwill	The changes in the carrying amount of goodwill by reportable segment for fiscal 2019 and 2018 were as follows (in thousands): Professional Residential Other Total Balance as of October 31, 2017 $ 194,464 $ 10,565 $ — $ 205,029 Goodwill acquired 20,739 — — 20,739 Translation adjustments (376 ) (102 ) — (478 ) Balance as of October 31, 2018 214,827 10,463 — 225,290 Goodwill acquired 135,524 — 1,534 137,058 Translation adjustments (101 ) 6 — (95 ) Balance as of October 31, 2019 $ 350,250 $ 10,469 $ 1,534 $ 362,253
Schedule of finite-lived intangible assets	The components of other intangible assets were as follows (in thousands, except for weighted-average useful life amounts): October 31, 2019 Weighted-Average Useful Life Gross Carrying Amount Accumulated Amortization Net Patents 9.9 $ 18,230 $ (13,102 ) $ 5,128 Non-compete agreements 5.5 6,868 (6,786 ) 82 Customer-related 18.4 220,390 (33,547 ) 186,843 Developed technology 7.6 51,911 (31,289 ) 20,622 Trade names 15.4 7,496 (2,109 ) 5,387 Backlog and other 0.6 4,390 (4,390 ) — Total amortizable 15.5 309,285 (91,223 ) 218,062 Non-amortizable - trade names 134,312 — 134,312 Total other intangible assets, net $ 443,597 $ (91,223 ) $ 352,374 October 31, 2018 Weighted-Average Useful Life Gross Carrying Amount Accumulated Amortization Net Patents 9.9 $ 18,235 $ (12,297 ) $ 5,938 Non-compete agreements 5.5 6,872 (6,771 ) 101 Customer-related 18.5 89,622 (23,653 ) 65,969 Developed technology 7.6 31,029 (28,471 ) 2,558 Trade names 5.0 2,307 (1,805 ) 502 Other 1.0 800 (800 ) — Total amortizable 14.3 148,865 (73,797 ) 75,068 Non-amortizable - trade names 30,581 — 30,581 Total other intangible assets, net $ 179,446 $ (73,797 ) $ 105,649
Schedule of indefinite-lived intangible assets	The components of other intangible assets were as follows (in thousands, except for weighted-average useful life amounts): October 31, 2019 Weighted-Average Useful Life Gross Carrying Amount Accumulated Amortization Net Patents 9.9 $ 18,230 $ (13,102 ) $ 5,128 Non-compete agreements 5.5 6,868 (6,786 ) 82 Customer-related 18.4 220,390 (33,547 ) 186,843 Developed technology 7.6 51,911 (31,289 ) 20,622 Trade names 15.4 7,496 (2,109 ) 5,387 Backlog and other 0.6 4,390 (4,390 ) — Total amortizable 15.5 309,285 (91,223 ) 218,062 Non-amortizable - trade names 134,312 — 134,312 Total other intangible assets, net $ 443,597 $ (91,223 ) $ 352,374 October 31, 2018 Weighted-Average Useful Life Gross Carrying Amount Accumulated Amortization Net Patents 9.9 $ 18,235 $ (12,297 ) $ 5,938 Non-compete agreements 5.5 6,872 (6,771 ) 101 Customer-related 18.5 89,622 (23,653 ) 65,969 Developed technology 7.6 31,029 (28,471 ) 2,558 Trade names 5.0 2,307 (1,805 ) 502 Other 1.0 800 (800 ) — Total amortizable 14.3 148,865 (73,797 ) 75,068 Non-amortizable - trade names 30,581 — 30,581 Total other intangible assets, net $ 179,446 $ (73,797 ) $ 105,649

Indebtedness (Tables)

Indebtedness (Tables)	12 Months Ended
	Oct. 31, 2019
Debt Disclosure [Abstract]
Schedule of long-term debt	The following is a summary of the company's indebtedness (in thousands): October 31 2019 2018 Revolving credit facility $ — $ 91,000 $200 million term loan 100,000 — $300 million term loan 180,000 — 3.81% series A senior notes 100,000 — 3.91% series B senior notes 100,000 — 7.800% debentures 100,000 100,000 6.625% senior notes 123,916 123,854 Less: unamortized discounts, debt issuance costs, and deferred charges (3,103 ) (2,305 ) Total long-term debt 700,813 312,549 Less: current portion of long-term debt 79,914 — Long-term debt, less current portion $ 620,899 $ 312,549

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Oct. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of earnings before income taxes	Earnings before income taxes were as follows (in thousands): Fiscal Years Ended October 31 2019 2018 2017 Earnings before income taxes: U.S. $ 283,730 $ 333,136 $ 307,136 Foreign 38,403 39,261 46,048 Total earnings before income taxes $ 322,133 $ 372,397 $ 353,184
Schedule of reconciliation of the statutory federal income tax rate to the company's consolidated effective tax rate	A reconciliation of the statutory federal income tax rate to the company's consolidated effective tax rate is summarized as follows: Fiscal Years Ended October 31 2019 2018 2017 Statutory federal income tax rate 21.0 % 23.3 % 35.0 % Excess deduction for stock compensation (3.7 ) (3.5 ) (5.3 ) Domestic manufacturer's deduction 0.1 (0.9 ) (1.2 ) State and local income taxes, net of federal benefit 1.1 1.3 0.5 Foreign operations (0.3 ) (0.5 ) (2.3 ) Federal research tax credit (1.5 ) (1.2 ) (1.5 ) Foreign-derived intangible income (1.3 ) — — Remeasurement of deferred tax assets and liabilities (0.1 ) 5.2 — Deemed repatriation tax (0.2 ) 3.6 — Other, net (0.2 ) (0.3 ) (1.0 ) Consolidated effective tax rate 14.9 % 27.0 % 24.2 %
Schedule of components of the provision for income taxes	Components of the company's provision for income taxes were as follows (in thousands): Fiscal Years Ended October 31 2019 2018 2017 Current provision: Federal $ 37,415 $ 64,375 $ 83,091 State 7,495 6,192 3,036 Foreign 6,846 7,087 8,166 Total current provision $ 51,756 $ 77,654 $ 94,293 Deferred provision (benefit): Federal $ (37 ) $ 22,074 $ (8,774 ) State (3,205 ) 308 (101 ) Foreign (364 ) 422 49 Total deferred provision (benefit) (3,606 ) 22,804 (8,826 ) Total provision for income taxes $ 48,150 $ 100,458 $ 85,467
Schedule of tax effects of temporary differences that give rise to the net deferred income tax assets	The tax effects of temporary differences that give rise to deferred income tax (liabilities) assets, net, are presented below (in thousands): October 31 2019 2018 Deferred income tax assets: Compensation and benefits $ 27,969 $ 24,315 Warranty and insurance 25,788 19,037 Advertising and sales allowance 8,866 7,650 Inventory 4,005 2,742 Other 8,745 5,047 Valuation allowance (3,199 ) (1,178 ) Total deferred income tax assets $ 72,174 $ 57,613 Deferred income tax liabilities: Depreciation $ (40,964 ) $ (12,381 ) Amortization (75,538 ) (8,377 ) Total deferred income tax liabilities (116,502 ) (20,758 ) Deferred income tax (liabilities) assets, net $ (44,328 ) $ 36,855
Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands): Unrecognized tax benefits as of October 31, 2018 $ 2,345 Increase as a result of tax positions taken during a prior period 149 Increase as a result of tax positions taken during the current period 467 Decrease relating to settlements with taxing authorities (215 ) Reductions as a result of statute of limitations lapses (73 ) Unrecognized tax benefits as of October 31, 2019 $ 2,673

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	12 Months Ended
	Oct. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of compensation costs related to stock-based awards	ompensation costs related to stock-based awards were as follows (in thousands): Fiscal Years Ended October 31 2019 2018 2017 Unrestricted common stock awards $ 592 $ 530 $ 538 Stock option awards 6,537 5,006 5,496 Restricted stock units 3,230 2,997 2,300 Performance share awards 3,070 3,628 5,183 Total compensation cost for stock-based awards $ 13,429 $ 12,161 $ 13,517 Related tax benefit from stock-based awards $ 3,200 $ 2,905 $ 5,001
Schedule of stock options activity	The table below presents stock option activity for fiscal 2019 : Stock Option Awards Weighted-Average Exercise Price Weighted-Average Contractual Life (years) Aggregate Intrinsic Value (in thousands) Outstanding as of October 31, 2018 3,738,604 $ 34.01 5.0 $ 87,470 Granted 507,028 58.62 Exercised (1,388,044 ) 21.66 ​ Canceled/forfeited (9,468 ) 55.24 Outstanding as of October 31, 2019 2,848,120 $ 44.34 5.7 $ 93,392 Exercisable as of October 31, 2019 1,861,173 $ 35.98 4.4 $ 76,592
Schedule of total market value and the intrinsic value of options exercised	The table below presents the total market value of stock options exercised and the total intrinsic value of options exercised during the following fiscal years (in thousands): Fiscal Years Ended October 31 2019 2018 2017 Market value of stock options exercised $ 92,352 $ 70,775 $ 58,976 Intrinsic value of options exercised 1 $ 62,288 $ 53,778 $ 48,017 1 Intrinsic value is calculated as the amount by which the stock price at exercise date exceeded the option exercise price.
Schedule of weighted-average valuation assumptions of stock-based compensation	The table below illustrates the weighted-average valuation assumptions for options granted in the following fiscal periods: Fiscal Years Ended October 31 2019 2018 2017 Expected life of option in years 6.31 6.04 6.02 Expected stock price volatility 19.83 % 20.58 % 22.15 % Risk-free interest rate 2.77 % 2.21 % 2.03 % Expected dividend yield 1.18 % 0.97 % 1.01 % Per share weighted-average fair value at date of grant $ 12.83 $ 14.25 $ 12.55
Schedule of restricted stock and restricted stock unit awards granted	Factors related to the company's restricted stock unit awards are as follows (in thousands, except per award data): Fiscal Years Ended October 31 2019 2018 2017 Weighted-average per award fair value at date of grant $ 66.26 $ 63.24 $ 66.09 Fair value of restricted stock units vested $ 3,083 $ 4,888 $ 3,604
Schedule of unvested restricted stock shares and the weighted average fair value at the date of grant	The table below summarizes the activity during fiscal 2019 for unvested restricted stock units: Restricted Stock Units Weighted-Average Fair Value at Date of Grant Unvested as of October 31, 2018 99,554 $ 59.15 Granted 76,496 66.26 Vested (47,357 ) 54.38 Forfeited (4,226 ) 58.94 Unvested as of October 31, 2019 124,467 $ 65.30
Schedule of performance share awards granted	Factors related to the company's performance share awards are as follows (in thousands, except per award data): Fiscal Years Ended October 31 2019 2018 2017 Weighted-average per award fair value at date of grant $ 59.58 $ 65.40 $ 54.52 Fair value of performance share awards vested $ 6,300 $ 8,419 $ 7,018
Schedule of unvested performance share awards and the weighted average fair value at the date of grant	The table below summarizes the activity during fiscal 2019 for unvested performance share awards: Performance Shares Weighted-Average Fair Value at Date of Grant Unvested as of October 31, 2018 221,392 $ 50.96 Granted 69,600 59.58 Vested (91,803 ) 38.89 Canceled/forfeited (6,335 ) 61.34 Unvested as of October 31, 2019 192,854 $ 59.47

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Oct. 31, 2019
Stockholders' Equity Note [Abstract]
Schedule of components of accumulated other comprehensive loss ("AOCL"), net of tax, within the consolidated statements of stockholders' equity	Components of AOCL, net of tax, within the Consolidated Statements of Stockholders' Equity are as follows (in thousands): As of October 31 2019 2018 2017 Foreign currency translation adjustments $ 31,025 $ 29,711 $ 21,303 Pension and post-retirement benefits 4,861 561 2,012 Cash flow derivative instruments (3,837 ) (6,335 ) 805 Total accumulated other comprehensive loss $ 32,049 $ 23,937 $ 24,120
Schedule of components and activity of accumulated other comprehensive loss	The components and activity of AOCL are as follows (in thousands): Foreign Currency Translation Adjustments Pension and Post-Retirement Benefits Cash Flow Derivative Instruments Total Balance as of October 31, 2018 $ 29,711 $ 561 $ (6,335 ) $ 23,937 Other comprehensive (income) loss before reclassifications 1,314 4,300 (4,048 ) 1,566 Amounts reclassified from AOCL — — 6,546 6,546 Net current period other comprehensive loss 1,314 4,300 2,498 8,112 Balance as of October 31, 2019 $ 31,025 $ 4,861 $ (3,837 ) $ 32,049 Foreign Currency Translation Adjustments Pension and Post-Retirement Benefits Cash Flow Derivative Instruments Total Balance as of October 31, 2017 $ 21,303 $ 2,012 $ 805 $ 24,120 Other comprehensive (income) loss before reclassifications 8,408 (1,035 ) (5,489 ) 1,884 Amounts reclassified from AOCL — — (1,926 ) (1,926 ) Net current period other comprehensive (income) loss 8,408 (1,035 ) (7,415 ) (42 ) Reclassification due to the adoption of ASU 2018-02 — (416 ) 275 (141 ) Balance as of October 31, 2018 $ 29,711 $ 561 $ (6,335 ) $ 23,937

Investment in Joint Venture (Ta

Investment in Joint Venture (Tables)	12 Months Ended
	Oct. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Schedule of summarized financial information	Summarized financial information for Red Iron is presented as follows (in thousands): For the Twelve Months Ended October 31 2019 2018 2017 Revenue $ 47,569 $ 42,051 $ 35,158 Interest and operating expenses, net (21,011 ) (17,288 ) (13,030 ) Net income $ 26,558 $ 24,763 $ 22,128 As of October 31 2019 2018 Finance receivables, net $ 486,834 $ 446,138 Other assets 3,733 3,449 Total assets $ 490,567 $ 449,587 Notes payable $ 419,308 $ 378,128 Other liabilities 17,594 21,366 Partners' capital 53,665 50,093 Total liabilities and partners' capital $ 490,567 $ 449,587

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Oct. 31, 2019
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 and location of the company’s derivative instruments on the Consolidated Balance Sheets (in thousands): Fair Value as of October 31 2019 2018 Derivative assets: Derivatives designated as cash flow hedging instruments: Prepaid expenses and other current assets Forward currency contracts $ 8,642 $ 8,596 Derivatives not designated as cash flow hedging instruments: Prepaid expenses and other current assets Forward currency contracts 2,256 2,305 Total assets $ 10,898 $ 10,901 Derivative liabilities: Derivatives not designated as cash flow hedging instruments: Accrued liabilities Forward currency contracts $ 9 $ 13 Total liabilities $ 9 $ 13
Schedule of effects of the master netting arrangements on the fair value of the company's derivative contracts that are recorded in the Consolidated Balance Sheets	The following table shows the effects of the master netting arrangements on the fair value of the company’s derivative instruments that are recorded in the Consolidated Balance Sheets (in thousands): Fair Value as of October 31 2019 2018 Derivative assets: Forward currency contracts: Gross amounts of recognized assets $ 11,056 $ 10,901 Gross liabilities offset in the Consolidated Balance Sheets (158 ) — Net amounts of assets presented in the Consolidated Balance Sheets $ 10,898 $ 10,901 Derivative liabilities: Forward currency contracts: Gross amounts of recognized liabilities $ (9 ) $ (13 ) Gross assets offset in the Consolidated Balance Sheets — — Net amounts of liabilities presented in the Consolidated Balance Sheets $ (9 ) $ (13 )
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 and location of the amounts reclassified from AOCL into net earnings on the Consolidated Statements of Earnings and the impact of derivative instruments on the Consolidated Statements of Comprehensive Income for the company's derivatives designated as cash flow hedging instruments (in thousands): Gain (Loss) Reclassified from AOCL into Income Gain (Loss) Recognized in OCI on Derivatives Fiscal Years Ended October 31 2019 2018 2019 2018 Derivatives designated as cash flow hedging instruments: Forward currency contracts: Net sales $ 5,732 $ (2,914 ) $ (2,268 ) $ 7,008 Cost of sales 814 988 (230 ) 132 Total derivatives designated as cash flow hedging instruments $ 6,546 $ (1,926 ) $ (2,498 ) $ 7,140 The following tables present the impact and location of derivative instruments on the Consolidated Statements of Earnings for the company’s derivatives designated as cash flow hedging instruments and the related components excluded from hedge effectiveness testing (in thousands): Gain Recognized in Earnings on Cash Flow Hedging Instruments Fiscal Year Ended Net Sales Cost of Sales Total Consolidated Statements of Earnings income (expense) amounts in which the effects of cash flow hedging instruments are recorded $ 3,138,084 $ (2,090,121 ) Gain on derivatives designated as cash flow hedging instruments: Forward currency contracts: Amount of gain reclassified from AOCL into earnings 5,732 814 Gain on components excluded from effectiveness testing recognized in earnings based on changes in fair value $ 5,358 $ 135 Gain (Loss) Recognized in Earnings on Cash Flow Hedging Instruments Fiscal Year Ended Net Sales Cost of Sales Total Consolidated Statements of Earnings income (expense) amounts in which the effects of cash flow hedging instruments are recorded $ 2,618,650 $ (1,677,639 ) Gain (loss) on derivatives designated as cash flow hedging instruments: Forward currency contracts: Amount of gain (loss) reclassified from AOCL into earnings (2,914 ) 988 Gain (loss) on components excluded from effectiveness testing recognized in earnings based on changes in fair value $ 490 $ (369 )
Derivatives not designated as hedging instruments	The following table presents the impact and location of derivative instruments on the Consolidated Statements of Earnings for the company’s derivatives not designated as cash flow hedging instruments (in thousands): Fiscal Years Ended October 31 2019 2018 Gain (loss) on derivative instruments not designated as cash flow hedging instruments: Forward currency contracts: Other income, net $ (2,087 ) $ 2,930 Total gain (loss) on derivatives not designated as cash flow hedging instruments $ (2,087 ) $ 2,930

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Oct. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured at fair value on a recurring basis	The following tables present, by level within the fair value hierarchy, the company's financial assets and liabilities that are measured at fair value on a recurring basis as of October 31, 2019 and 2018 , according to the valuation technique utilized to determine their fair values (in thousands): Fair Value Measurements Using Inputs Considered as: October 31, 2019 Fair Value Level 1 Level 2 Level 3 Assets: Forward currency contracts $ 10,898 $ — $ 10,898 $ — Total assets $ 10,898 $ — $ 10,898 $ — Liabilities: Forward currency contracts $ 9 $ — $ 9 $ — Total liabilities $ 9 $ — $ 9 $ — Fair Value Measurements Using Inputs Considered as: October 31, 2018 Fair Value Level 1 Level 2 Level 3 Assets: Forward currency contracts $ 10,901 $ — $ 10,901 $ — Total assets $ 10,901 $ — $ 10,901 $ — Liabilities: Forward currency contracts $ 13 $ — $ 13 $ — Total liabilities $ 13 $ — $ 13 $ —

Employee Retirement Plans (Tabl

Employee Retirement Plans (Tables)	12 Months Ended
	Oct. 31, 2019
Retirement Benefits [Abstract]
Schedule of amounts recognized in accumulated other comprehensive loss	Amounts recognized in AOCL consisted of (in thousands): Fiscal Years Ended October 31 Defined Benefit Pension Plans Post-Retirement Benefit Plan Total 2019 Net actuarial loss $ 4,861 $ — $ 4,861 Accumulated other comprehensive loss $ 4,861 $ — $ 4,861 2018 Net actuarial loss (gain) $ 4,632 $ (4,071 ) $ 561 Accumulated other comprehensive loss (income) $ 4,632 $ (4,071 ) $ 561
Schedule of amounts included in accumulated other comprehensive loss and are expected to be recognized as components of net periodic benefit cost during next fiscal year	The following amounts are included within AOCL as of October 31, 2019 and are expected to be recognized as components of net periodic benefit (income) cost during fiscal 2020 (in thousands): October 31, 2019 Defined Benefit Pension Plans Post-Retirement Benefit Plan Total Net actuarial gain $ (139 ) $ — $ (139 ) Total net periodic benefit income $ (139 ) $ — $ (139 )
Schedule of amounts recognized in net periodic benefit cost and other comprehensive income	Amounts recognized in net periodic benefit cost (income) and other comprehensive loss (income) consisted of (in thousands): Fiscal Year Ended October 31 Defined Benefit Pension Plans Post-Retirement Benefit Plan Total 2019 Net actuarial loss (gain) $ 154 $ (1,138 ) $ (984 ) Amortization of unrecognized actuarial gain 71 5,213 5,284 Total recognized in other comprehensive income $ 225 $ 4,075 $ 4,300 Total recognized in net periodic benefit cost (income) and other comprehensive loss (income) $ 396 $ (2,653 ) $ (2,257 ) Fiscal Year Ended October 31 Defined Benefit Pension Plans Post-Retirement Benefit Plan Total 2018 Net actuarial (gain) $ (277 ) $ (745 ) $ (1,022 ) Amortization of unrecognized actuarial gain (loss) (300 ) 287 (13 ) Total recognized in other comprehensive income $ (577 ) $ (458 ) $ (1,035 ) Total recognized in net periodic benefit cost (income) and other comprehensive loss (income) $ 106 $ (1,322 ) $ (1,216 )

Other Income, Net (Tables)

Other Income, Net (Tables)	12 Months Ended
	Oct. 31, 2019
Other Income and Expenses [Abstract]
Schedule of other income (expense)	Other income (expense) is as follows (in thousands): Fiscal Years Ended October 31 2019 2018 2017 Interest income $ 2,753 $ 2,463 $ 1,359 Retail financing revenue 1,178 1,232 1,097 Foreign currency exchange rate gain 1,558 1,127 1,543 Loss on asset disposals (484 ) — — Non-cash income from finance affiliate 11,948 11,143 9,960 Litigation settlements, net of recoveries (1,659 ) (700 ) (65 ) Net periodic benefit income on defined benefit pension and post-retirement plans 6,822 — — Miscellaneous 3,823 3,143 3,293 Total other income, net $ 25,939 $ 18,408 $ 17,187

Quarterly Financial Data (Una_2

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Oct. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Summary of quarterly financial data	Summarized quarterly financial data for fiscal 2019 and 2018 are as follows (dollars in thousands, except per share data): Quarter Fiscal Year Ended October 31, 2019 First Second 2 Third 2 Fourth Net sales $ 602,956 $ 962,036 $ 838,713 $ 734,379 Gross profit 215,617 321,298 265,981 245,067 Net earnings 59,540 115,570 60,607 38,266 Basic net earnings per share 1 0.56 1.08 0.57 0.36 Diluted net earnings per share 1 $ 0.55 $ 1.07 $ 0.56 $ 0.35 Quarter Fiscal Year Ended October 31, 2018 First Second Third Fourth Net sales $ 548,246 $ 875,280 $ 655,821 $ 539,303 Gross profit 204,239 324,056 233,653 179,063 Net earnings 22,604 131,289 79,009 39,037 Basic net earnings per share 1 0.21 1.23 0.75 0.37 Diluted net earnings per share 1 $ 0.21 $ 1.21 $ 0.73 $ 0.36 1 Basic and diluted net earnings per share amounts may not equal the full year total due to changes in the number of weighted-average shares of common stock outstanding during the periods and rounding. 2 During fiscal 2019, CMW's financial position, results of operations, and cash flows were reported on a calendar month end. Accordingly, April 30, 2019 and July 31, 2019 were the calendar quarterly period end dates closest to the company's quarterly fiscal periods ended May 3, 2019 and August 2, 2019, respectively. This reporting period difference did not have material impact on the company's Consolidated Results of Operations during the company's second and third fiscal quarters. For the company's fiscal 2019 fourth quarter, the reporting period end for both CMW and the company was October 31, 2019.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies and Related Data - Cash and Cash Equivalents (Details) - USD ($) $ in Millions	Oct. 31, 2019	Oct. 31, 2018
Subsidiaries | Foreign Countries
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 97.5	$ 104.3

Summary of Significant Accoun_4

Summary of Significant Accounting Policies and Related Data - Inventory Valuations (Details) - USD ($) $ in Thousands	Oct. 31, 2019	Oct. 31, 2018
Inventory Disclosure [Abstract]
Percentage of FIFO and weighted average cost inventory	54.00%	31.00%
Inventory, Net [Abstract]
Raw materials and work in process	$ 179,967	$ 115,280
Finished goods and service parts	553,767	315,179
Total FIFO value	733,734	430,459
Less: adjustment to LIFO value	82,071	72,200
Total inventories, net	$ 651,663	$ 358,259

Summary of Significant Accoun_5

Summary of Significant Accounting Policies and Related Data - Property and Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Property and Depreciation
Capitalized interest amount	$ 1,300	$ 900	$ 300
Subtotal	1,141,699	928,981
Less: accumulated depreciation	704,382	657,522
Total property, plant, and equipment, net	437,317	271,459	235,230
Depreciation expense	69,314	53,484	$ 54,679
Land and land improvements
Property and Depreciation
Subtotal	55,613	39,607
Buildings and leasehold improvements
Property and Depreciation
Subtotal	$ 276,556	209,686
Buildings and leasehold improvements | Minimum
Property and Depreciation
Estimated useful life	10 years
Buildings and leasehold improvements | Maximum
Property and Depreciation
Estimated useful life	40 years
Machinery and equipment
Property and Depreciation
Subtotal	$ 453,314	349,550
Machinery and equipment | Minimum
Property and Depreciation
Estimated useful life	2 years
Machinery and equipment | Maximum
Property and Depreciation
Estimated useful life	15 years
Tooling
Property and Depreciation
Subtotal	$ 226,870	211,756
Tooling | Minimum
Property and Depreciation
Estimated useful life	3 years
Tooling | Maximum
Property and Depreciation
Estimated useful life	5 years
Computer hardware and software
Property and Depreciation
Subtotal	$ 94,409	83,338
Computer hardware and software | Minimum
Property and Depreciation
Estimated useful life	2 years
Computer hardware and software | Maximum
Property and Depreciation
Estimated useful life	5 years
Construction in process
Property and Depreciation
Subtotal	$ 34,937	$ 35,044

Summary of Significant Accoun_6

Summary of Significant Accounting Policies and Related Data - Goodwill and Indefinite-Life Intangible Assets (Details)	12 Months Ended
	Oct. 31, 2019reporting_unitsegment
Accounting Policies [Abstract]
Number of reporting units tested for impairment of goodwill	10
Number of operating segments | segment	10
Number of reporting units containing goodwill	8

Summary of Significant Accoun_7

Summary of Significant Accounting Policies and Related Data - Other Long-Lived Assets (Details) - USD ($)	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Indefinite-lived Intangible Assets [Line Items]
Impairment of long-lived assets held-for-use	$ 0	$ 0	$ 0
Minimum
Indefinite-lived Intangible Assets [Line Items]
Estimated useful life (years)	1 year
Maximum
Indefinite-lived Intangible Assets [Line Items]
Estimated useful life (years)	20 years

Summary of Significant Accoun_8

Summary of Significant Accounting Policies and Related Data - Accounts Payable (Details) $ in Millions	12 Months Ended
	Oct. 31, 2019USD ($)payment_oblibations_financed	Oct. 31, 2018USD ($)
Accounting Policies [Abstract]
Minimum number of payment obligations to be financed | payment_oblibations_financed	1
Outstanding payment obligations placed on the accounts payable tracking system | $	$ 46.7	$ 33

Summary of Significant Accoun_9

Summary of Significant Accounting Policies and Related Data - Accrued Warranties (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 76,214	$ 74,155
Warranty provisions	57,277	49,160
Acquisitions	18,418	0
Warranty claims	(58,878)	(45,662)
Changes in estimates	3,573	(1,439)
Ending balance	$ 96,604	$ 76,214

Summary of Significant Accou_10

Summary of Significant Accounting Policies and Related Data - Revenue Recognition (Details) - USD ($) $ in Millions	Oct. 31, 2019	Oct. 31, 2018
Accounting Policies [Abstract]
Consignment inventory amount	$ 19.9	$ 22.7

Summary of Significant Accou_11

Summary of Significant Accounting Policies and Related Data - Cost of Financing Distributor / Dealer Inventory (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Accounting Policies [Abstract]
Financing costs for distributor and dealer inventories	$ 44.5	$ 37.1	$ 30.1

Summary of Significant Accou_12

Summary of Significant Accounting Policies and Related Data - Advertising (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Accounting Policies [Abstract]
Advertising costs	$ 43.5	$ 46.4	$ 43

Summary of Significant Accou_13

Summary of Significant Accounting Policies and Related Data - Engineering and Research (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Accounting Policies [Abstract]
Engineering and research costs	$ 109.1	$ 83.5	$ 80.4

Summary of Significant Accou_14

Summary of Significant Accounting Policies and Related Data - Net Earnings Per Share (Details) - shares shares in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Basic
Weighted-average number of shares of common stock (in shares)	106,762	106,356	108,299
Assumed issuance of contingent shares (in shares)	11	13	13
Weighted-average number of shares of common stock and assumed issuance of contingent shares (in shares)	106,773	106,369	108,312
Diluted
Weighted-average number of shares of common stock and assumed issuance of contingent shares (in shares)	106,773	106,369	108,312
Effect of dilutive securities (in shares)	1,317	2,288	2,940
Weighted-average number of shares of common stock, assumed issuance of contingent shares, and effect of dilutive securities (in shares)	108,090	108,657	111,252
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	716,343	424,089	353,897

Summary of Significant Accou_15

Summary of Significant Accounting Policies and Related Data - New Accounting Pronouncements Not Yet Adopted (Details) - Subsequent Event - Accounting Standards Update 2016-02 $ in Millions	Nov. 01, 2019USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease, right-of-use asset	$ 77.1
Operating lease, liability	$ 76

Business Combinations - Narrati

Business Combinations - Narrative (Details) - USD ($) $ in Thousands	Apr. 01, 2019	Oct. 31, 2019	Oct. 31, 2019	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Business Acquisition [Line Items]
Goodwill		$ 362,253	$ 362,253	$ 362,253	$ 225,290	$ 205,029
Amortization expense for intangible assets				18,400	7,300	9,900
Fiscal 2020		18,700	18,700	18,700
Fiscal 2021		18,300	18,300	18,300
Fiscal 2022		17,100	17,100	17,100
Fiscal 2023		15,300	15,300	15,300
Fiscal 2024		14,300	14,300	14,300
After fiscal 2024		134,400	134,400	134,400
Charles Machine Works, Inc
Business Acquisition [Line Items]
Total purchase price	$ 679,300	5,700	684,973
Business combination, acquisition related costs				10,200
Goodwill	135,521
Other intangible assets	$ 264,190	264,200	264,200	264,200
Amortization expense for intangible assets				10,700
Fiscal 2020		12,600	12,600	12,600
Fiscal 2021		12,600	12,600	12,600
Fiscal 2022		11,500	11,500	11,500
Fiscal 2023		10,100	10,100	10,100
Fiscal 2024		9,400	9,400	9,400
After fiscal 2024		93,500	93,500	93,500
Business combination, pro forma information, revenue of acquiree since acquisition date, actual				465,200
Business combination, pro forma information, earnings or loss of acquiree since acquisition date, actual				5,400
Operating Segments | Professional
Business Acquisition [Line Items]
Goodwill						$ 194,464
Operating Segments | Professional | Charles Machine Works, Inc
Business Acquisition [Line Items]
Goodwill		$ 350,250	$ 350,250	350,250	$ 214,827
Fair Value Adjustment to Inventory and Other Adjustments | Charles Machine Works, Inc
Business Acquisition [Line Items]
Business combination, pro forma information, earnings or loss of acquiree since acquisition date, actual				$ (43,000)

Business Combinations - Summary

Business Combinations - Summary of Purchase Price Allocation (Details) - USD ($) $ in Thousands	Apr. 01, 2019	Oct. 31, 2019	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Business Acquisition [Line Items]
Goodwill		$ 362,253	$ 362,253	$ 225,290	$ 205,029
Charles Machine Works, Inc
Business Acquisition [Line Items]
Cash and cash equivalents	$ 16,341
Receivables	65,674
Inventories	241,429
Prepaid expenses and other current assets	9,218
(Dollars in thousands)	142,779
Goodwill	135,521
Other intangible assets	264,190	264,200	264,200
Other long-term assets	7,971
Accounts payable	(36,655)
Accrued liabilities	(52,258)
Deferred income tax liabilities	(86,231)
Other long-term liabilities	(6,665)
Total fair value of net assets acquired	701,314
Cash and cash equivalents	(16,341)
Total purchase price	$ 679,300	$ 5,700	$ 684,973

Business Combinations - Other I

Business Combinations - Other Intangible Assets Acquired (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Business Acquisition [Line Items]
Gross Carrying Amount	$ 309,285	$ 148,865
Accumulated Amortization	(91,223)	(73,797)
Net	218,062	75,068
Total other intangible assets, gross	443,597	179,446
Total other intangible assets, net	$ 352,374	105,649
Charles Machine Works, Inc
Business Acquisition [Line Items]
Weighted-Average Useful Life	16 years 7 months 6 days
Gross Carrying Amount	$ 160,490
Accumulated Amortization	(10,742)
Net	149,748
Total other intangible assets, gross	264,190
Total other intangible assets, net	$ 253,448
Customer-related | Charles Machine Works, Inc
Business Acquisition [Line Items]
Weighted-Average Useful Life	18 years 3 months 18 days
Gross Carrying Amount	$ 130,800
Accumulated Amortization	(4,981)
Net	125,819
Developed technology
Business Acquisition [Line Items]
Gross Carrying Amount	51,911	31,029
Accumulated Amortization	(31,289)	(28,471)
Net	$ 20,622	2,558
Developed technology | Charles Machine Works, Inc
Business Acquisition [Line Items]
Weighted-Average Useful Life	7 years 9 months 18 days
Gross Carrying Amount	$ 20,900
Accumulated Amortization	(2,019)
Net	18,881
Trade names
Business Acquisition [Line Items]
Gross Carrying Amount	7,496	2,307
Accumulated Amortization	(2,109)	(1,805)
Net	$ 5,387	$ 502
Trade names | Charles Machine Works, Inc
Business Acquisition [Line Items]
Weighted-Average Useful Life	20 years
Gross Carrying Amount	$ 5,200
Accumulated Amortization	(152)
Net	$ 5,048
Backlog | Charles Machine Works, Inc
Business Acquisition [Line Items]
Weighted-Average Useful Life	6 months
Gross Carrying Amount	$ 3,590
Accumulated Amortization	(3,590)
Net	0
Trade names | Charles Machine Works, Inc
Business Acquisition [Line Items]
Non-amortizable - trade names	$ 103,700

Business Combinations - Pro For

Business Combinations - Pro Forma (Details) - Charles Machine Works, Inc - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Business Acquisition [Line Items]
Net sales	$ 3,437,335	$ 3,332,636
Net earnings	$ 363,452	$ 276,722
Basic net earnings per share of common stock (in usd per share)	$ 3.40	$ 2.60
Diluted net earnings per share of common stock (in usd per share)	$ 3.36	$ 2.55
Defined benefit plan, net periodic benefit cost (credit), gain (loss) due to settlement	$ 45,800
Defined benefit plan, net periodic benefit cost (credit), gain (loss) due to settlement, per share, diluted (in usd per share)	$ 0.42

Segment Data - Narrative (Detai

Segment Data - Narrative (Details)	12 Months Ended
	Oct. 31, 2019customersegment	Oct. 31, 2018customer	Oct. 31, 2017customer
Segment Reporting Information [Line Items]
Number of operating segments | segment	10
Number of reportable business segments | segment	2
Single customer | Customer concentration | Revenue from Contract with Customer
Segment Reporting Information [Line Items]
Number of customers | customer	0	0
Percentage of consolidated gross sales accounted for by one customer (as a percent)	10.00%	10.00%
Single customer | Customer concentration | Revenue from Contract with Customer | Residential
Segment Reporting Information [Line Items]
Number of customers | customer			1
Percentage of consolidated gross sales accounted for by one customer (as a percent)			10.00%

Segment Data - Summarized Finan

Segment Data - Summarized Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Oct. 31, 2019	Aug. 02, 2019	May 03, 2019	Feb. 01, 2019	Oct. 31, 2018	Aug. 03, 2018	May 04, 2018	Feb. 02, 2018	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Segment Reporting Information [Line Items]
Net sales	$ 734,379	$ 838,713	$ 962,036	$ 602,956	$ 539,303	$ 655,821	$ 875,280	$ 548,246	$ 3,138,084	$ 2,618,650	$ 2,505,176
Earnings (loss) before income taxes									322,133	372,397	353,184
Total assets	2,330,547				1,570,984				2,330,547	1,570,984	1,493,787
Capital expenditures									92,881	90,124	58,276
Depreciation and amortization									87,698	61,277	64,986
Operating Segments | Professional
Segment Reporting Information [Line Items]
Net sales									2,443,448	1,946,999	1,811,705
Intersegment gross sales (eliminations)									59,453	29,798	27,893
Earnings (loss) before income taxes									380,914	399,806	379,496
Total assets	1,592,065				916,106				1,592,065	916,106	836,600
Capital expenditures									57,246	58,109	29,786
Depreciation and amortization									63,885	38,585	41,313
Operating Segments | Residential
Segment Reporting Information [Line Items]
Net sales									661,274	654,413	673,247
Intersegment gross sales (eliminations)									310	312	332
Earnings (loss) before income taxes									65,151	64,807	74,704
Total assets	430,495				199,273				430,495	199,273	189,578
Capital expenditures									16,970	16,014	10,605
Depreciation and amortization									11,897	9,999	10,308
Other
Segment Reporting Information [Line Items]
Net sales									33,362	17,238	20,224
Intersegment gross sales (eliminations)									(59,763)	(30,110)	(28,225)
Earnings (loss) before income taxes									(123,932)	(92,216)	(101,016)
Total assets	$ 307,987				$ 455,605				307,987	455,605	467,609
Capital expenditures									18,665	16,001	17,885
Depreciation and amortization									$ 11,916	$ 12,693	$ 13,365

Segment Data - Other Segment Op

Segment Data - Other Segment Operating Loss Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Segment Reporting Information [Line Items]
Interest expense	$ (28,835)	$ (19,096)	$ (19,113)
Other income	25,939	18,408	17,187
Earnings before income taxes	322,133	372,397	353,184
Other
Segment Reporting Information [Line Items]
Corporate expenses	(124,422)	(92,541)	(100,928)
Interest expense	(28,835)	(19,096)	(19,113)
Other income	29,325	19,421	19,025
Earnings before income taxes	$ (123,932)	$ (92,216)	$ (101,016)

Segment Data - Net Sales (Detai

Segment Data - Net Sales (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Oct. 31, 2019	Aug. 02, 2019	May 03, 2019	Feb. 01, 2019	Oct. 31, 2018	Aug. 03, 2018	May 04, 2018	Feb. 02, 2018	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Net sales for groups of similar products and services
Net sales	$ 734,379	$ 838,713	$ 962,036	$ 602,956	$ 539,303	$ 655,821	$ 875,280	$ 548,246	$ 3,138,084	$ 2,618,650	$ 2,505,176
Equipment
Net sales for groups of similar products and services
Net sales									2,747,935	2,210,047	2,060,354
Irrigation and lighting
Net sales for groups of similar products and services
Net sales									$ 390,149	$ 408,603	$ 444,822

Segment Data - Geographic Data

Segment Data - Geographic Data (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Oct. 31, 2019	Aug. 02, 2019	May 03, 2019	Feb. 01, 2019	Oct. 31, 2018	Aug. 03, 2018	May 04, 2018	Feb. 02, 2018	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Geographic Data
Net sales	$ 734,379	$ 838,713	$ 962,036	$ 602,956	$ 539,303	$ 655,821	$ 875,280	$ 548,246	$ 3,138,084	$ 2,618,650	$ 2,505,176
Long-lived assets	437,317				271,459				437,317	271,459	235,230
United States
Geographic Data
Net sales									2,413,153	1,975,562	1,893,249
Long-lived assets	395,937				230,246				395,937	230,246	194,338
Foreign Countries
Geographic Data
Net sales									724,931	643,088	611,927
Long-lived assets	$ 41,380				$ 41,213				$ 41,380	$ 41,213	$ 40,892

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($) $ in Millions	7 Months Ended	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2019	Oct. 31, 2018
Disaggregation of Revenue [Line Items]
Contract with customer, liability	$ 22	$ 22	$ 14
Increase in contract with customer liability for contract acquired in business combination		7
Contract with customer, liability, revenue recognized		$ 5.8
Minimum | Product Revenue
Disaggregation of Revenue [Line Items]
Contract with customer, contract period		30 days
Minimum | Service Revenue
Disaggregation of Revenue [Line Items]
Contract with customer, contract period		12 months
Minimum | Warranty Revenue
Disaggregation of Revenue [Line Items]
Contract with customer, contract period		12 months
Maximum | Product Revenue
Disaggregation of Revenue [Line Items]
Contract with customer, contract period		120 days
Maximum | Service Revenue
Disaggregation of Revenue [Line Items]
Contract with customer, contract period		36 months
Maximum | Warranty Revenue
Disaggregation of Revenue [Line Items]
Contract with customer, contract period		24 months
Charles Machine Works, Inc
Disaggregation of Revenue [Line Items]
Contract with customer, liability, revenue recognized	$ 4.4

Revenue - Disaggregation (Detai

Revenue - Disaggregation (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Oct. 31, 2019	Aug. 02, 2019	May 03, 2019	Feb. 01, 2019	Oct. 31, 2018	Aug. 03, 2018	May 04, 2018	Feb. 02, 2018	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Disaggregation of Revenue [Line Items]
Net sales	$ 734,379	$ 838,713	$ 962,036	$ 602,956	$ 539,303	$ 655,821	$ 875,280	$ 548,246	$ 3,138,084	$ 2,618,650	$ 2,505,176
United States
Disaggregation of Revenue [Line Items]
Net sales									2,413,153	1,975,562	1,893,249
Foreign Countries
Disaggregation of Revenue [Line Items]
Net sales									724,931	643,088	611,927
Equipment
Disaggregation of Revenue [Line Items]
Net sales									2,747,935	2,210,047	2,060,354
Irrigation
Disaggregation of Revenue [Line Items]
Net sales									390,149	408,603
Operating Segments | Professional
Disaggregation of Revenue [Line Items]
Net sales									2,443,448	1,946,999	1,811,705
Operating Segments | Professional | United States
Disaggregation of Revenue [Line Items]
Net sales									1,853,054	1,441,815
Operating Segments | Professional | Foreign Countries
Disaggregation of Revenue [Line Items]
Net sales									590,394	505,184
Operating Segments | Professional | Equipment
Disaggregation of Revenue [Line Items]
Net sales									2,097,965	1,582,024
Operating Segments | Professional | Irrigation
Disaggregation of Revenue [Line Items]
Net sales									345,483	364,975
Operating Segments | Residential
Disaggregation of Revenue [Line Items]
Net sales									661,274	654,413	673,247
Operating Segments | Residential | United States
Disaggregation of Revenue [Line Items]
Net sales									526,737	516,509
Operating Segments | Residential | Foreign Countries
Disaggregation of Revenue [Line Items]
Net sales									134,537	137,904
Operating Segments | Residential | Equipment
Disaggregation of Revenue [Line Items]
Net sales									628,521	617,827
Operating Segments | Residential | Irrigation
Disaggregation of Revenue [Line Items]
Net sales									32,753	36,586
Other
Disaggregation of Revenue [Line Items]
Net sales									33,362	17,238	$ 20,224
Other | United States
Disaggregation of Revenue [Line Items]
Net sales									33,362	17,238
Other | Foreign Countries
Disaggregation of Revenue [Line Items]
Net sales									0	0
Other | Equipment
Disaggregation of Revenue [Line Items]
Net sales									21,449	10,196
Other | Irrigation
Disaggregation of Revenue [Line Items]
Net sales									$ 11,913	$ 7,042

Revenue - Performance Obligatio

Revenue - Performance Obligation (Details) $ in Millions	Oct. 31, 2019USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-11-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 10.6
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-11-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 11.4
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017	Apr. 01, 2019
Business Acquisition [Line Items]
Goodwill	$ 362,253	$ 225,290	$ 205,029
Amortization expense for intangible assets	18,400	$ 7,300	$ 9,900
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Fiscal 2020	18,700
Fiscal 2021	18,300
Fiscal 2022	17,100
Fiscal 2023	15,300
Fiscal 2024	14,300
After fiscal 2024	134,400
Charles Machine Works, Inc
Business Acquisition [Line Items]
Goodwill				$ 135,521
Other intangible assets	264,200			$ 264,190
Amortization expense for intangible assets	10,700
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Fiscal 2020	12,600
Fiscal 2021	12,600
Fiscal 2022	11,500
Fiscal 2023	10,100
Fiscal 2024	9,400
After fiscal 2024	$ 93,500

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Changes in Net Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Changes in the net carrying amount of goodwill
Goodwill as of the beginning of the fiscal period	$ 225,290	$ 205,029
Goodwill acquired	137,058	20,739
Translation adjustments	(95)	(478)
Goodwill as of the end of the fiscal period	362,253	225,290
Other
Changes in the net carrying amount of goodwill
Goodwill as of the beginning of the fiscal period	0	0
Goodwill acquired	1,534	0
Translation adjustments	0	0
Goodwill as of the end of the fiscal period	1,534	0
Operating Segments | Professional
Changes in the net carrying amount of goodwill
Goodwill as of the beginning of the fiscal period		194,464
Goodwill acquired	135,524	20,739
Translation adjustments	(101)	(376)
Operating Segments | Residential
Changes in the net carrying amount of goodwill
Goodwill as of the beginning of the fiscal period	10,463	10,565
Goodwill acquired	0	0
Translation adjustments	6	(102)
Goodwill as of the end of the fiscal period	$ 10,469	$ 10,463

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Components of Other Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Other Intangible Assets
Weighted-Average Useful Life	15 years 6 months	14 years 3 months 18 days
Gross Carrying Amount	$ 309,285	$ 148,865
Accumulated Amortization	(91,223)	(73,797)
Net	218,062	75,068
Non-amortizable - trade names	134,312	30,581
Total other intangible assets, gross	443,597	179,446
Total other intangible assets, net	$ 352,374	$ 105,649
Patents
Other Intangible Assets
Weighted-Average Useful Life	9 years 10 months 24 days	9 years 10 months 24 days
Gross Carrying Amount	$ 18,230	$ 18,235
Accumulated Amortization	(13,102)	(12,297)
Net	$ 5,128	$ 5,938
Non-compete agreements
Other Intangible Assets
Weighted-Average Useful Life	5 years 6 months	5 years 6 months
Gross Carrying Amount	$ 6,868	$ 6,872
Accumulated Amortization	(6,786)	(6,771)
Net	$ 82	$ 101
Customer-related
Other Intangible Assets
Weighted-Average Useful Life	18 years 4 months 24 days	18 years 6 months
Gross Carrying Amount	$ 220,390	$ 89,622
Accumulated Amortization	(33,547)	(23,653)
Net	$ 186,843	$ 65,969
Developed technology
Other Intangible Assets
Weighted-Average Useful Life	7 years 7 months 6 days	7 years 7 months 6 days
Gross Carrying Amount	$ 51,911	$ 31,029
Accumulated Amortization	(31,289)	(28,471)
Net	$ 20,622	$ 2,558
Trade names
Other Intangible Assets
Weighted-Average Useful Life	15 years 4 months 24 days	5 years
Gross Carrying Amount	$ 7,496	$ 2,307
Accumulated Amortization	(2,109)	(1,805)
Net	$ 5,387	$ 502
Backlog and other
Other Intangible Assets
Weighted-Average Useful Life	7 months 6 days	1 year
Gross Carrying Amount	$ 4,390	$ 800
Accumulated Amortization	(4,390)	(800)
Net	$ 0	$ 0

Indebtedness - Summary of Long

Indebtedness - Summary of Long Term Debt (Details) - USD ($)	Oct. 31, 2019	Apr. 30, 2019	Oct. 31, 2018	Jun. 30, 1997
Debt Instrument [Line Items]
Less: unamortized discounts, debt issuance costs, and deferred charges	$ (3,103,000)		$ (2,305,000)
Total long-term debt	700,813,000		312,549,000
Less: current portion of long-term debt	79,914,000		0
Long-term debt, less current portion	620,899,000		312,549,000
Line of Credit
Debt Instrument [Line Items]
Carrying amount of long-term debt	$ 100,000,000		100,000,000
Interest rate percentage	7.80%
6.625% senior notes
Debt Instrument [Line Items]
Carrying amount of long-term debt			123,854,000
Total long-term debt				$ 100,000,000
Interest rate percentage	6.625%			7.80%
Senior Notes | $200 million term loan
Debt Instrument [Line Items]
Carrying amount of long-term debt	$ 100,000,000
Senior Notes | $300 million term loan
Debt Instrument [Line Items]
Carrying amount of long-term debt	180,000,000
Senior Notes | 3.81% series A senior notes
Debt Instrument [Line Items]
Carrying amount of long-term debt	$ 100,000,000
Interest rate percentage	3.81%	3.81%
Senior Notes | 3.91% series B senior notes
Debt Instrument [Line Items]
Carrying amount of long-term debt	$ 100,000,000
Interest rate percentage	3.91%	3.91%
Senior Notes | 6.625% senior notes
Debt Instrument [Line Items]
Carrying amount of long-term debt	$ 123,916,000
Line of Credit
Debt Instrument [Line Items]
Carrying amount of long-term debt	$ 0		$ 91,000,000

Indebtedness - Narrative (Detai

Indebtedness - Narrative (Details)	Apr. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 1997USD ($)instrument	Oct. 31, 2019USD ($)	Oct. 31, 2019USD ($)	Oct. 31, 2018USD ($)	Oct. 31, 2017USD ($)	Jun. 30, 2019USD ($)	Jun. 27, 2019USD ($)	Jun. 01, 2018USD ($)	May 31, 2018USD ($)	Apr. 26, 2007USD ($)
Principal payments on long-term debt in fiscal years
2020					$ 0	$ 0
2021					0	0
2022					115,000,000	115,000,000
2023					30,000,000	30,000,000
2024					135,000,000	135,000,000
After 2024					425,000,000	425,000,000
Total long-term debt					700,813,000	700,813,000	$ 312,549,000
Current portion of long-term debt					79,914,000	79,914,000	0
Line of Credit
Principal payments on long-term debt in fiscal years
Carrying amount of long-term debt					$ 100,000,000	$ 100,000,000	100,000,000
Interest rate percentage					7.80%	7.80%
Senior Notes
Principal payments on long-term debt in fiscal years
Interest expense, debt						$ 8,400,000	8,400,000	$ 8,400,000
Basis points						0.30%
Debt securities issued in June 1997
Principal payments on long-term debt in fiscal years
Aggregate principal amount of notes issued				$ 175,000,000
6.625% senior notes
Principal payments on long-term debt in fiscal years
Debt instrument, term (in years)				30 years
Total long-term debt				$ 100,000,000
Carrying amount of long-term debt							123,854,000
Interest expense, debt						$ 7,900,000	8,000,000	$ 8,000,000
Interest rate percentage				7.80%	6.625%	6.625%
Amount paid to terminate forward-starting interest rate swap agreements				$ 23,700,000
Number of terminated forward-starting interest rate swap agreements | instrument				3
Notional amount				$ 125,000,000
Deferred income amount at the time of swap termination				$ 18,700,000
Coupon 7.125 Percent Debt Notes
Principal payments on long-term debt in fiscal years
Debt instrument, term (in years)				10 years
Aggregate principal amount of notes issued				$ 75,000,000
Interest rate percentage				7.125%
Line of Credit
Principal payments on long-term debt in fiscal years
Debt instrument, term (in years)			5 years			5 years
Maximum borrowing capacity											$ 600,000,000	$ 150,000,000
Accordion feature					$ 300,000,000	$ 300,000,000
Payment of debt issuance costs			$ 1,900,000
Unused borrowing capacity					598,100,000	598,100,000	507,500,000
Carrying amount of long-term debt					0	0	91,000,000
Interest expense, debt						1,900,000	1,300,000
Senior Notes
Principal payments on long-term debt in fiscal years
Payment of debt issuance costs		$ 600,000
Interest expense, debt						7,500,000
Amortization payment percentage		2.50%
Senior Notes | $200 million term loan
Principal payments on long-term debt in fiscal years
Debt instrument, term (in years)		3 years
Carrying amount of long-term debt					100,000,000	100,000,000
Aggregate principal amount of notes issued		$ 200,000,000
Repayments of long-term lines of credit					100,000,000
Senior Notes | $300 million term loan
Principal payments on long-term debt in fiscal years
Debt instrument, term (in years)		5 years
Carrying amount of long-term debt					180,000,000	180,000,000
Aggregate principal amount of notes issued		$ 300,000,000
Repayments of long-term lines of credit					120,000,000
Senior Notes | 3.81% series A senior notes
Principal payments on long-term debt in fiscal years
Carrying amount of long-term debt					$ 100,000,000	$ 100,000,000
Aggregate principal amount of notes issued	$ 100,000,000									$ 100,000,000
Interest rate percentage	3.81%				3.81%	3.81%
Senior Notes | 3.91% series B senior notes
Principal payments on long-term debt in fiscal years
Carrying amount of long-term debt					$ 100,000,000	$ 100,000,000
Aggregate principal amount of notes issued	$ 100,000,000									$ 100,000,000
Interest rate percentage	3.91%				3.91%	3.91%
Senior Notes | Series A and Series B Senior Notes
Principal payments on long-term debt in fiscal years
Carrying amount of long-term debt					$ 200,000,000	$ 200,000,000
Interest expense, debt						2,600,000
Debt issuance costs, gross									$ 700,000
Senior Notes | Series A and Series B Senior Notes | Debt Instrument, Redemption, Period One
Principal payments on long-term debt in fiscal years
Debt instrument, redemption price, percentage	10.00%
Senior Notes | Series A and Series B Senior Notes | Debt Instrument, Redemption, Period Two
Principal payments on long-term debt in fiscal years
Debt instrument, redemption price, percentage	100.00%
Senior Notes | Series A and Series B Senior Notes | Debt Instrument, Redemption, Period Three
Principal payments on long-term debt in fiscal years
Debt instrument, redemption price, percentage	100.00%
Senior Notes | 6.625% senior notes
Principal payments on long-term debt in fiscal years
Carrying amount of long-term debt					$ 123,916,000	$ 123,916,000
Senior Notes | 6.625% Senior Notes
Principal payments on long-term debt in fiscal years
Aggregate principal amount of notes issued													$ 125,000,000
Interest rate percentage					6.625%	6.625%							6.625%
Percentage of par value at which debt was issued													98.513%
Debt discount, unamortized													$ 1,900,000
Total underwriting fee and direct debt issue costs													$ 1,500,000
Effective interest rate (as a percent)					6.741%	6.741%
Redemption price as a percentage of the principal amount upon the occurrence of both a change of control and downgrade of rating (as a percent)						101.00%
Standby Letters of Credit | Line of Credit
Principal payments on long-term debt in fiscal years
Maximum borrowing capacity					$ 10,000,000	$ 10,000,000
Total long-term debt					$ 1,900,000	$ 1,900,000	$ 1,500,000
Swingline Loan | Line of Credit
Principal payments on long-term debt in fiscal years
Maximum borrowing capacity											$ 30,000,000

Management Actions - Narrative

Management Actions - Narrative (Details) $ in Millions	3 Months Ended		12 Months Ended
	Oct. 31, 2019USD ($)	Oct. 31, 2019USD ($)	Oct. 31, 2019USD ($)
Cost of sales
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Restructuring charges		$ 0.6
Selling, General and Administrative Expenses
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Restructuring charges		6
Toro Underground Wind Down | Disposal Group, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from individually significant component disposed of or held-for-sale, excluding discontinued operations, attributable to parent, before income tax			$ 1.2
Accrued liabilities	$ 0.9	$ 0.9	0.9
Disposal group, not discontinued operation, loss (gain) on write-down			$ 8.8
Minimum | Toro Underground Wind Down | Disposal Group, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from individually significant component disposed of or held-for-sale, excluding discontinued operations, attributable to parent, before income tax	10
Maximum | Toro Underground Wind Down | Disposal Group, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income (loss) from individually significant component disposed of or held-for-sale, excluding discontinued operations, attributable to parent, before income tax	$ 13

Income Taxes - Earnings Before

Income Taxes - Earnings Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Earnings before income taxes:
U.S.	$ 283,730	$ 333,136	$ 307,136
Foreign	38,403	39,261	46,048
Total earnings before income taxes	$ 322,133	$ 372,397	$ 353,184

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of the Statutory Federal Income Tax Rate (Details)	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Statutory federal income tax rate	21.00%	23.30%	35.00%
Excess deduction for stock compensation	(3.70%)	(3.50%)	(5.30%)
Domestic manufacturer's deduction	0.10%	(0.90%)	(1.20%)
State and local income taxes, net of federal benefit	1.10%	1.30%	0.50%
Foreign operations	(0.30%)	(0.50%)	(2.30%)
Federal research tax credit	(1.50%)	(1.20%)	(1.50%)
Foreign-derived intangible income	(1.30%)	0.00%	0.00%
Remeasurement of deferred tax assets and liabilities	(0.10%)	5.20%	0.00%
Deemed repatriation tax	(0.20%)	3.60%	0.00%
Other, net	(0.20%)	(0.30%)	(1.00%)
Consolidated effective tax rate	14.90%	27.00%	24.20%

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Income Taxes [Line Items]
Statutory federal income tax rate	21.00%	23.30%	35.00%
Tax expense for remeasurement of deferred tax assets and liabilities	$ 0.3	$ 19.3
Deemed repatriation tax	0.7	13.4
Deferred tax assets, tax credit carryforwards, foreign	1
Tax cuts and jobs act, income tax expense (benefit), foreign-derived intangible income	4.2
Valuation allowance, deferred tax asset, increase (decrease), amount	2	$ 1.7
Undistributed earnings of foreign subsidiaries	17.2
Accrued interest and penalties for unrecognized tax benefits	0.5
Potential benefits that would affect the effective tax rate	2.5
Foreign Jurisdictions
Income Taxes [Line Items]
Net operating loss carryforwards in foreign jurisdictions	3.4
Net operating loss carryforwards in foreign jurisdictions not subject to expiration	2.8
Net operating loss carryforwards subject to expiration	0.6
Domestic Tax Authority
Income Taxes [Line Items]
Net operating loss carryforwards subject to expiration	$ 1

Income Taxes - Components of th

Income Taxes - Components of the Provisions For Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Current provision:
Federal	$ 37,415	$ 64,375	$ 83,091
State	7,495	6,192	3,036
Foreign	6,846	7,087	8,166
Total current provision	51,756	77,654	94,293
Deferred provision (benefit):
Federal	(37)	22,074	(8,774)
State	(3,205)	308	(101)
Foreign	(364)	422	49
Total deferred provision (benefit)	(3,606)	22,804	(8,826)
Provision for income taxes	$ 48,150	$ 100,458	$ 85,467

Income Taxes - Tax Effects of T

Income Taxes - Tax Effects of Temporary Differences (Details) - USD ($) $ in Thousands	Oct. 31, 2019	Oct. 31, 2018
Deferred income tax assets:
Compensation and benefits	$ 27,969	$ 24,315
Warranty and insurance	25,788	19,037
Advertising and sales allowance	8,866	7,650
Inventory	4,005	2,742
Other	8,745	5,047
Valuation allowance	(3,199)	(1,178)
Total deferred income tax assets	72,174	57,613
Deferred income tax liabilities:
Depreciation	(40,964)	(12,381)
Amortization	(75,538)	(8,377)
Total deferred income tax liabilities	(116,502)	(20,758)
Deferred Tax Liabilities, Net	$ (44,328)
Deferred income tax (liabilities) assets, net		$ 36,855

Income Taxes - Reconciliation (

Income Taxes - Reconciliation (Details) $ in Thousands	12 Months Ended
	Oct. 31, 2019USD ($)
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at the beginning of the period	$ 2,345
Increase as a result of tax positions taken during a prior period	149
Increase as a result of tax positions taken during the current period	467
Decrease relating to settlements with taxing authorities	(215)
Reductions as a result of statute of limitations lapses	(73)
Balance at the end of the period	$ 2,673

Stock-Based Compensation Plan_2

Stock-Based Compensation Plans - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock available for future grants (in shares)	4,358,384
Stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	507,028
Compensation cost not yet recognized	$ 3.8
Period for recognition	1 year 10 months 2 days
Stock option awards | Certain members of the Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Term of award	10 years
Stock option awards | Certain employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Term of award	10 years
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Compensation cost not yet recognized	$ 4.8
Period for recognition	2 years 3 months
Performance share awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized	$ 4.3
Period for recognition	1 year 10 months 9 days
Performance goal period	3 years
Unrestricted common stock awards | Certain members of the Board of Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	10,090	8,388	11,412
Minimum | Performance share awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage	200.00%
Maximum | Performance share awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage	0.00%
Share-based Compensation Award, Tranche One | Stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage	33.33%
Share-based Compensation Award, Tranche One | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage	33.33%
Share-based Compensation Award, Tranche Two | Stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage	33.33%
Share-based Compensation Award, Tranche Two | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage	33.33%
Share-based Compensation Award, Tranche Three | Stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage	33.33%
Share-based Compensation Award, Tranche Three | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights percentage	33.33%

Stock-Based Compensation Plan_3

Stock-Based Compensation Plans - Compensation Costs Related to Stock-Based Awards (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost for stock-based awards	$ 13,429	$ 12,161	$ 13,517
Related tax benefit from stock-based awards	3,200	2,905	5,001
Stock option awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost for stock-based awards	6,537	5,006	5,496
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost for stock-based awards	3,230	2,997	2,300
Performance share awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost for stock-based awards	3,070	3,628	5,183
Unrestricted common stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost for stock-based awards	$ 592	$ 530	$ 538

Stock-Based Compensation Plan_4

Stock-Based Compensation Plans - Weighted-average Valuation Assumptions For Options Granted (Details) - Stock option awards - $ / shares	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life of option in years	6 years 3 months 21 days	6 years 14 days	6 years 7 days
Expected stock price volatility	19.83%	20.58%	22.15%
Risk-free interest rate	2.77%	2.21%	2.03%
Expected dividend yield	1.18%	0.97%	1.01%
Per share weighted-average fair value at date of grant (usd per share)	$ 12.83	$ 14.25	$ 12.55

Stock-Based Compensation Plan_5

Stock-Based Compensation Plans - Stock Option Activity (Details) - Stock option awards - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Stock Option Awards
Outstanding at the beginning of the period (in shares)	3,738,604
Granted (in shares)	507,028
Exercised (in shares)	(1,388,044)
Cancelled/forfeited (in shares)	(9,468)
Outstanding at the end of the period (in shares)	2,848,120	3,738,604
Exercisable at the end of the period (in shares)	1,861,173
Weighted-Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)	$ 34.01
Granted (in dollars per share)	58.62
Exercised (in dollars per share)	21.66
Cancelled/forfeited (in dollars per share)	55.24
Outstanding at the end of the period (in dollars per share)	44.34	$ 34.01
Exercisable at the end of the period (in dollars per share)	$ 35.98
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted-average contractual life (years)	5 years 8 months 12 days	5 years
Exercisable at the end of the period (years)	4 years 4 months 24 days
Outstanding of the beginning of the period, intrinsic value	$ 87,470
Outstanding of the end of the period, intrinsic value	93,392	$ 87,470
Exercisable at the end of the period, intrinsic value	$ 76,592

Stock-Based Compensation Plan_6

Stock-Based Compensation Plans - Market and Intrinsic Value of Options Exercised (Details) - Stock option awards - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Market value of stock options exercised	$ 92,352	$ 70,775	$ 58,976
Intrinsic value of options exercised	$ 62,288	$ 53,778	$ 48,017

Stock-Based Compensation Plan_7

Stock-Based Compensation Plans - Factors Related to the Company's Stock and Restricted Stock Units (Details) - Restricted stock units - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average per award fair value at date of grant (in dollars per share)	$ 66.26	$ 63.24	$ 66.09
Fair value of restricted stock units vested	$ 3,083	$ 4,888	$ 3,604

Stock-Based Compensation Plan_8

Stock-Based Compensation Plans - Summary of Activity For Unvested Restricted Stock and Restricted Stock Units (Details) - Restricted stock units - $ / shares shares in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Restricted Stock Units
Unvested at the beginning of the period (in shares)	99,554
Granted (in shares)	76,496
Vested (in shares)	(47,357)
Canceled/Forfeited (in shares)	(4,226)
Unvested at the end of the period (in shares)	124,467	99,554
Weighted-Average Fair Value at Date of Grant
Unvested at the beginning of the period (in dollars per share)	$ 59.15
Granted (in dollars per share)	66.26	$ 63.24	$ 66.09
Vested (in dollars per share)	54.38
Canceled/Forfeited (in dollars per share)	58.94
Unvested at the end of the period (in dollars per share)	$ 65.30	$ 59.15

Stock-Based Compensation Plan_9

Stock-Based Compensation Plans - Factors Related to the Company's Performance Share Awards (Details) - Performance share awards - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average per award fair value at date of grant (in dollars per share)	$ 59.58	$ 65.40	$ 54.52
Fair value of restricted stock units vested	$ 6,300	$ 8,419	$ 7,018

Stock-Based Compensation Pla_10

Stock-Based Compensation Plans - Summary of Activity For Unvested Performance Share Awards (Details) - Performance share awards - $ / shares shares in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Restricted Stock Units
Unvested at the beginning of the period (in shares)	221,392
Granted (in shares)	69,600
Vested (in shares)	(91,803)
Canceled/Forfeited (in shares)	(6,335)
Unvested at the end of the period (in shares)	192,854	221,392
Weighted-Average Fair Value at Date of Grant
Unvested at the beginning of the period (in dollars per share)	$ 50.96
Weighted-average per award fair value at date of grant (in dollars per share)	59.58	$ 65.40	$ 54.52
Vested (in dollars per share)	38.89
Canceled/Forfeited (in dollars per share)	61.34
Unvested at the end of the period (in dollars per share)	$ 59.47	$ 50.96

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017	Dec. 04, 2018	Dec. 03, 2015
Stock repurchase program
Amount paid to repurchase the shares (in dollars)	$ 22,705	$ 164,530	$ 160,648
Repurchase of shares (in shares)	403,532	2,777,687	2,730,022
Treasury shares
Treasury shares held (in shares)	21,385,919	22,527,348
Cost of treasury shares (in dollars)	$ 1,374,000	$ 1,448,400
Stock repurchase program
Stock repurchase program
Number of shares authorized to be repurchased (in shares)					8,000,000
Amount paid to repurchase the shares (in dollars)	$ 20,000	$ 160,400	$ 159,400
Repurchase of shares (in shares)	359,758	2,579,864	2,710,837
Number of shares remained authorized for repurchase (in shares)	7,042,256
December 2018 Stock Repurchase Program
Stock repurchase program
Number of shares authorized to be repurchased (in shares)				5,000,000

Stockholders' Equity - Componen

Stockholders' Equity - Components of AOCL (Details) - USD ($) $ in Thousands	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Components and activity of accumulated other comprehensive loss
Total accumulated other comprehensive loss	$ 32,049	$ 23,937
Total
Components and activity of accumulated other comprehensive loss
Total accumulated other comprehensive loss	32,049	23,937	$ 24,120
Foreign Currency Translation Adjustments
Components and activity of accumulated other comprehensive loss
Total accumulated other comprehensive loss	31,025	29,711	21,303
Pension and Post-Retirement Benefits
Components and activity of accumulated other comprehensive loss
Total accumulated other comprehensive loss	4,861	561	2,012
Cash Flow Derivative Instruments
Components and activity of accumulated other comprehensive loss
Total accumulated other comprehensive loss	$ (3,837)	$ (6,335)	$ 805

Stockholders' Equity - Compon_2

Stockholders' Equity - Components and activity of AOCL (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017	Nov. 01, 2018	Nov. 01, 2017	Nov. 01, 2016
Components and activity of accumulated other comprehensive loss
Balance as of the beginning of the fiscal period	$ (668,916)	$ (617,092)	$ (550,035)
Other comprehensive (income) loss before reclassifications	1,566	1,884
Amounts reclassified from AOCL	6,546	(1,926)
Net current period other comprehensive loss	8,112	(42)	(14,316)
Reclassification due to the adoption of ASU 2018-02				$ 864	$ 0	$ (2,361)
Balance as of the end of the fiscal period	(859,578)	(668,916)	(617,092)
Total
Components and activity of accumulated other comprehensive loss
Balance as of the beginning of the fiscal period	23,937	24,120	38,436
Net current period other comprehensive loss	8,112	(42)	(14,316)
Reclassification due to the adoption of ASU 2018-02					141
Balance as of the end of the fiscal period	32,049	23,937	24,120
Foreign Currency Translation Adjustments
Components and activity of accumulated other comprehensive loss
Balance as of the beginning of the fiscal period	29,711	21,303
Other comprehensive (income) loss before reclassifications	1,314	8,408
Net current period other comprehensive loss	1,314	8,408
Balance as of the end of the fiscal period	31,025	29,711	21,303
Pension and Post-Retirement Benefits
Components and activity of accumulated other comprehensive loss
Balance as of the beginning of the fiscal period	561	2,012
Other comprehensive (income) loss before reclassifications	4,300	(1,035)
Net current period other comprehensive loss	4,300	(1,035)
Reclassification due to the adoption of ASU 2018-02					(416)
Balance as of the end of the fiscal period	4,861	561	2,012
Cash Flow Derivative Instruments
Components and activity of accumulated other comprehensive loss
Balance as of the beginning of the fiscal period	(6,335)	805
Other comprehensive (income) loss before reclassifications	(4,048)	(5,489)
Amounts reclassified from AOCL	6,546	(1,926)
Net current period other comprehensive loss	2,498	(7,415)
Reclassification due to the adoption of ASU 2018-02					275
Balance as of the end of the fiscal period	(3,837)	(6,335)	805
Retained Earnings
Components and activity of accumulated other comprehensive loss
Balance as of the beginning of the fiscal period	(587,252)	(534,329)	(480,044)
Reclassification due to the adoption of ASU 2018-02				$ 864	$ (141)	$ (2,361)
Balance as of the end of the fiscal period	$ (784,885)	$ (587,252)	$ (534,329)

Investment in Joint Venture - N

Investment in Joint Venture - Narrative (Details) - Red Iron Acceptance, LLC - USD ($)	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Schedule of Equity Method Investments [Line Items]
Period of unlimited automatic extensions after the initial term of joint venture	2 years
Period of notice to be given by parties under joint venture for not extending initial term of joint venture	1 year
Portion owned by Toro (as a percent)	45.00%
Portion owned by TCFIF (as a percent)	55.00%
Maximum borrowing capacity under credit facility	$ 550,000,000
Investment in joint venture	24,100,000	$ 22,500,000
Maximum aggregate amount of products repossessed by Red Iron and the TCFIF Canadian affiliate, entity has agreed to repurchase in a calendar year	7,500,000
Net amount of receivables financed for dealers and distributors	1,924,900,000	1,959,700,000	$ 1,847,700,000
Receivable due	$ 21,700,000	$ 21,400,000

Investment in Joint Venture - S

Investment in Joint Venture - Summary of Red Iron (Details) - Red Iron Acceptance, LLC - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Schedule of Equity Method Investments [Line Items]
Revenue	$ 47,569	$ 42,051	$ 35,158
Interest and operating expenses, net	(21,011)	(17,288)	(13,030)
Net income	26,558	24,763	$ 22,128
Finance receivables, net	486,834	446,138
Other assets	3,733	3,449
Total assets	490,567	449,587
Notes payable	419,308	378,128
Other liabilities	17,594	21,366
Partners' capital	53,665	50,093
Total liabilities and partners' capital	$ 490,567	$ 449,587

Commitments and Contingent Li_2

Commitments and Contingent Liabilities - Narrative (Details) - USD ($)	1 Months Ended	12 Months Ended
	Jun. 30, 2018	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017	Jun. 01, 2018	May 31, 2018
Leases
Rental expense for operating leases		$ 34,100,000	$ 27,400,000	$ 27,900,000
Future minimum lease payments under noncancelable operating leases
Total future minimum lease payments		83,100,000
2020		17,100,000
2021		15,800,000
2022		12,800,000
2023		9,800,000
2024		8,900,000
After 2024		18,700,000
Purchase Commitments
Amount of noncancelable purchase commitments		22,800,000
Remaining obligation for the construction of a new corporate headquarters facility		1,900,000
Letters of Credit
Total long-term debt		700,813,000	312,549,000
Letters of credit outstanding		4,700,000	6,700,000
Maximum
Letters of Credit
Letters of credit outstanding		13,300,000	13,500,000
Wholesale Financing
Customer Financing
Receivables purchased by third party financing company from the company		235,400,000	29,800,000
Receivables financed by third party financing company, excluding Red Iron, outstanding		148,400,000	13,000,000
Maximum amount of contingent liability to repurchase inventory related receivables under limited inventory repurchase agreements		125,900,000
End-User Financing
Customer Financing
Contingent liabilities for residual value or credit collection risk		0
End-User Financing | Maximum
Customer Financing
Exposure for credit collection		$ 10,100,000
Line of Credit
COMMITMENTS AND CONTINGENT LIABILITIES
Debt instrument, term (in years)	5 years	5 years
Letters of Credit
Maximum borrowing capacity					$ 600,000,000	$ 150,000,000
Standby Letters of Credit | Line of Credit
Letters of Credit
Maximum borrowing capacity		$ 10,000,000
Total long-term debt		$ 1,900,000	$ 1,500,000

Financial Instruments - Narrati

Financial Instruments - Narrative (Details) $ in Millions	12 Months Ended
	Oct. 31, 2019USD ($)
Summary of cash flow hedge activity
Maximum time limit for cash flow hedge	2 years
Cash flow hedge effectiveness testing, grace period	2 months
Gains from AOCL to earnings	$ 4
Forward currency contracts
Summary of cash flow hedge activity
Notional amount	$ 244.6

Financial Instruments - Fair Va

Financial Instruments - Fair Value of Derivatives (Details) - USD ($) $ in Thousands	Oct. 31, 2019	Oct. 31, 2018
Fair value of derivatives
Asset derivatives	$ 10,898	$ 10,901
Liability derivatives	9	13
Forward currency contracts
Fair value of derivatives
Asset derivatives	10,898	10,901
Liability derivatives	9	13
Forward currency contracts | Derivatives Designated as Hedging Instruments | Prepaid expenses and other current assets
Fair value of derivatives
Asset derivatives	8,642	8,596
Forward currency contracts | Derivatives Not Designated as Hedging Instruments | Prepaid expenses and other current assets
Fair value of derivatives
Asset derivatives	2,256	2,305
Forward currency contracts | Derivatives Not Designated as Hedging Instruments | Accrued liabilities
Fair value of derivatives
Liability derivatives	$ 9	$ 13

Financial Instruments - Effects

Financial Instruments - Effects of Master Netting Arrangements (Details) - USD ($) $ in Thousands	Oct. 31, 2019	Oct. 31, 2018
Assets
Net amounts of assets presented in the Consolidated Balance Sheets	$ 10,898	$ 10,901
Liabilities
Net amounts of liabilities presented in the Consolidated Balance Sheets	(9)	(13)
Forward currency contracts
Assets
Gross amounts of recognized assets	11,056	10,901
Gross liabilities offset in the Consolidated Balance Sheets	(158)	0
Net amounts of assets presented in the Consolidated Balance Sheets	10,898	10,901
Liabilities
Gross amounts of recognized liabilities	(9)	(13)
Gross assets offset in the Consolidated Balance Sheets	0	0
Net amounts of liabilities presented in the Consolidated Balance Sheets	$ (9)	$ (13)

Financial Instruments - Impacts

Financial Instruments - Impacts and Location of Amounts Reclassified From AOCL (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Total derivatives designated as cash flow hedging instruments	$ (2,498)	$ 7,415
Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Total derivatives designated as cash flow hedging instruments	6,546	(1,926)
Total derivatives designated as cash flow hedging instruments	(2,498)	7,140
Forward currency contracts | Net sales | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Total derivatives designated as cash flow hedging instruments	5,732	(2,914)
Total derivatives designated as cash flow hedging instruments	(2,268)	7,008
Forward currency contracts | Cost of sales | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Total derivatives designated as cash flow hedging instruments	814	988
Total derivatives designated as cash flow hedging instruments	$ (230)	$ 132

Financial Instruments - Impact

Financial Instruments - Impact and Location of Derivative Instruments on Consolidated Statements of Earnings (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Cash Flow Hedging | Net sales
Derivative Instruments and Hedging Activities
Total gain (loss) on derivatives not designated as cash flow hedging instruments	$ 3,138,084	$ 2,618,650
Cash Flow Hedging | Net sales | Forward currency contracts
Derivative Instruments and Hedging Activities
Total derivatives designated as cash flow hedging instruments	5,732	(2,914)
Total ineffective portion and components excluded from effectiveness testing	5,358	490
Cash Flow Hedging | Cost of sales
Derivative Instruments and Hedging Activities
Total gain (loss) on derivatives not designated as cash flow hedging instruments	(2,090,121)	(1,677,639)
Cash Flow Hedging | Cost of sales | Forward currency contracts
Derivative Instruments and Hedging Activities
Total derivatives designated as cash flow hedging instruments	814	988
Total ineffective portion and components excluded from effectiveness testing	135	(369)
Derivatives Not Designated as Hedging Instruments
Derivative Instruments and Hedging Activities
Total gain (loss) on derivatives not designated as cash flow hedging instruments	(2,087)	2,930
Derivatives Not Designated as Hedging Instruments | Other income, net | Forward currency contracts
Derivative Instruments and Hedging Activities
Total gain (loss) on derivatives not designated as cash flow hedging instruments	$ (2,087)	$ 2,930

Fair Value - Recurring Fair Val

Fair Value - Recurring Fair Value Measurements (Details) - USD ($) $ in Thousands	Oct. 31, 2019	Oct. 31, 2018
Assets:
Forward currency contracts	$ 10,898	$ 10,901
Liabilities:
Forward currency contracts	9	13
Forward currency contracts
Assets:
Forward currency contracts	10,898	10,901
Liabilities:
Forward currency contracts	9	13
Measured on a recurring basis
Assets:
Total assets	10,898	10,901
Liabilities:
Total liabilities	9	13
Measured on a recurring basis | Forward currency contracts
Assets:
Forward currency contracts	10,898	10,901
Liabilities:
Forward currency contracts	9	13
Measured on a recurring basis | Level 1
Assets:
Total assets	0	0
Liabilities:
Total liabilities	0	0
Measured on a recurring basis | Level 1 | Forward currency contracts
Assets:
Forward currency contracts	0	0
Liabilities:
Forward currency contracts	0	0
Measured on a recurring basis | Level 2
Assets:
Total assets	10,898	10,901
Liabilities:
Total liabilities	9	13
Measured on a recurring basis | Level 2 | Forward currency contracts
Assets:
Forward currency contracts	10,898	10,901
Liabilities:
Forward currency contracts	9	13
Measured on a recurring basis | Level 3
Assets:
Total assets	0	0
Liabilities:
Total liabilities	0	0
Measured on a recurring basis | Level 3 | Forward currency contracts
Assets:
Forward currency contracts	0	0
Liabilities:
Forward currency contracts	$ 0	$ 0

Fair Value - Narrative (Details

Fair Value - Narrative (Details) - USD ($) $ in Millions	Oct. 31, 2019	Oct. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt bearing fixed interest	$ 423.9	$ 221.5
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 493.8	$ 260.5

Employee Retirement Plans - Nar

Employee Retirement Plans - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Retirement Benefits [Abstract]
Plan expenses	$ 23.4	$ 18.8	$ 17.9
Projected benefit obligation	39.5	36.3
Amount of net liability recognized	1.4	5.1
Fair value of the plan assets	38	33.2
Funded status of plans	1.5	3.1
Net expense recognized	$ 6.6	$ 0.2	$ 1.5

Employee Retirement Plans - AOC

Employee Retirement Plans - AOCL Related Disclosures (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018
Amounts recognized in accumulated other comprehensive loss
Net actuarial loss	$ 4,861	$ 561
Accumulated other comprehensive loss	4,861	561
Amounts included in accumulated other comprehensive loss, expected to be recognized as components of net periodic benefit cost
Net actuarial gain	(139)
Total net periodic benefit income	(139)
Amounts recognized in net periodic benefit cost and other comprehensive loss
Net actuarial loss (gain)	(984)	(1,022)
Amortization of unrecognized actuarial gain	5,284	(13)
Total recognized in other comprehensive income	4,300	(1,035)
Total recognized in net periodic benefit cost (income) and other comprehensive loss (income)	(2,257)	(1,216)
Defined Benefit Pension Plans
Amounts recognized in accumulated other comprehensive loss
Net actuarial loss	4,861	4,632
Accumulated other comprehensive loss	4,861	4,632
Amounts included in accumulated other comprehensive loss, expected to be recognized as components of net periodic benefit cost
Net actuarial gain	(139)
Total net periodic benefit income	(139)
Amounts recognized in net periodic benefit cost and other comprehensive loss
Net actuarial loss (gain)	154	(277)
Amortization of unrecognized actuarial gain	71	(300)
Total recognized in other comprehensive income	225	(577)
Total recognized in net periodic benefit cost (income) and other comprehensive loss (income)	396	106
Post-Retirement Benefit Plan
Amounts recognized in accumulated other comprehensive loss
Net actuarial loss	0	(4,071)
Accumulated other comprehensive loss	0	(4,071)
Amounts included in accumulated other comprehensive loss, expected to be recognized as components of net periodic benefit cost
Net actuarial gain	0
Total net periodic benefit income	0
Amounts recognized in net periodic benefit cost and other comprehensive loss
Net actuarial loss (gain)	(1,138)	(745)
Amortization of unrecognized actuarial gain	5,213	287
Total recognized in other comprehensive income	4,075	(458)
Total recognized in net periodic benefit cost (income) and other comprehensive loss (income)	$ (2,653)	$ (1,322)

Other Income, Net - Summary of

Other Income, Net - Summary of Other Income/(Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Other Income and Expenses [Abstract]
Interest income	$ 2,753	$ 2,463	$ 1,359
Retail financing revenue	1,178	1,232	1,097
Foreign currency exchange rate gain	1,558	1,127	1,543
Loss on asset disposals	(484)	0	0
Non-cash income from finance affiliate	11,948	11,143	9,960
Litigation settlements, net of recoveries	(1,659)	(700)	(65)
Net periodic benefit income on defined benefit pension and post-retirement plans	6,822	0	0
Miscellaneous	3,823	3,143	3,293
Total other income, net	$ 25,939	$ 18,408	$ 17,187

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - Red Iron Acceptance, LLC - USD ($)	Dec. 20, 2019	Oct. 31, 2019
Subsequent Event [Line Items]
Maximum borrowing capacity under credit facility		$ 550,000,000
Period of unlimited automatic extensions after the initial term of joint venture		2 years
Period of notice to be given by parties under joint venture for not extending initial term of joint venture		1 year
Subsequent Event
Subsequent Event [Line Items]
Maximum borrowing capacity under credit facility	$ 625,000,000
Period of unlimited automatic extensions after the initial term of joint venture	2 years
Period of notice to be given by parties under joint venture for not extending initial term of joint venture	1 year
Period of review for products acquired in future acquisitions to asses potential benefits and detriments	2 years
Period of pro-rata payback after initial term of joint venture	5 years

Quarterly Financial Data (Una_3

Quarterly Financial Data (Unaudited) - Summary of Quarterly Financial Data (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Oct. 31, 2019	Aug. 02, 2019	May 03, 2019	Feb. 01, 2019	Oct. 31, 2018	Aug. 03, 2018	May 04, 2018	Feb. 02, 2018	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 734,379	$ 838,713	$ 962,036	$ 602,956	$ 539,303	$ 655,821	$ 875,280	$ 548,246	$ 3,138,084	$ 2,618,650	$ 2,505,176
Gross profit	245,067	265,981	321,298	215,617	179,063	233,653	324,056	204,239	1,047,963	941,011	920,837
Net earnings	$ 38,266	$ 60,607	$ 115,570	$ 59,540	$ 39,037	$ 79,009	$ 131,289	$ 22,604	$ 273,983	$ 271,939	$ 267,717
Basic net earnings per share of common stock (in dollars per share)	$ 0.36	$ 0.57	$ 1.08	$ 0.56	$ 0.37	$ 0.75	$ 1.23	$ 0.21	$ 2.57	$ 2.56	$ 2.47
Diluted net earnings per share of common stock (in dollars per share)	$ 0.35	$ 0.56	$ 1.07	$ 0.55	$ 0.36	$ 0.73	$ 1.21	$ 0.21	$ 2.53	$ 2.50	$ 2.41

SCHEDULE II - Valuation and Qua

SCHEDULE II - Valuation and Qualifying Accounts (Details) - Accrued advertising and marketing programs - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2019	Oct. 31, 2018	Oct. 31, 2017
Movement in allowance for doubtful accounts and notes receivable reserves and accrued advertising and marketing programs
Balance at the beginning of the fiscal year	$ 89,450	$ 85,934	$ 81,315
Charged to costs and expense	402,087	387,774	377,989
Acquisitions	6,669	0	0
Deductions	394,789	384,258	373,370
Balance at the end of the fiscal year	$ 103,417	$ 89,450	$ 85,934