Shiloh Industries (SHLO) 10-Q 26 Feb 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Jan. 31, 2014	Feb. 25, 2014
Entity Listings [Line Items]	'	'
Entity Registrant Name	'SHILOH INDUSTRIES INC	'
Entity Central Index Key	'0000904979	'
Current Fiscal Year End Date	'--10-31	'
Entity Filer Category	'Smaller Reporting Company	'
Document Type	'10-Q	'
Document Period End Date	31-Jan-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	17,136,784
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Jan. 31, 2014	Oct. 31, 2013
In Thousands, unless otherwise specified
ASSETS	'	'
Cash and cash equivalents	$1,023	$398
Accounts receivable, net of allowance for doubtful accounts of $294 and $341 at January 31, 2014 and October 31, 2013, respectively	98,977	116,837
Related-party accounts receivable	2,060	673
Inventories, net	48,645	42,924
Deferred income taxes	2,828	2,829
Prepaid expenses	3,804	3,095
Other Assets	23	23
Total current assets	157,360	166,779
Property, plant and equipment, net	197,835	197,874
Goodwill	6,768	6,768
Intangible assets, net	17,060	17,605
Deferred income taxes	328	0
Other assets	2,708	2,927
Total assets	382,059	391,953
LIABILITIES AND STOCKHOLDERS’ EQUITY	'	'
Current debt	771	882
Accounts payable	77,736	87,977
Accrued income taxes,	1,530	1,666
Other accrued expenses	24,407	26,416
Total current liabilities	104,444	116,941
Long-term debt	116,726	119,384
Long-term benefit liabilities	21,331	21,287
Deferred income taxes	1,048	969
Other liabilities	2,286	2,223
Total liabilities	245,835	260,804
Commitments and contingencies	'	'
Stockholders’ equity:	'	'
Preferred stock, $.01 per share; 5,000,000 shares authorized; no shares issued and outstanding at January 31, 2014 and October 31, 2013, respectively	0	0
Common stock, par value $.01 per share; 25,000,000 shares authorized; 17,131,784 and 17,031,316 shares issued and outstanding at January 31, 2014 and October 31, 2013, respectively	171	170
Paid-in capital	66,855	66,312
Retained earnings	95,688	90,749
Accumulated other comprehensive loss: Pension related liability, net	-26,490	-26,082
Total stockholders’ equity	136,224	131,149
Total liabilities and stockholders’ equity	$382,059	$391,953

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets - Parentheticals (USD $)	Jan. 31, 2014	Oct. 31, 2013
In Thousands, except Share data, unless otherwise specified
Allowance for Doubtful Accounts Receivable, Current	$294	$341
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	17,131,784	17,031,316
Common stock, shares outstanding	17,131,784	17,031,316
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jan. 31, 2014	Jan. 31, 2013
Revenues	$183,539	$145,383
Cost of sales	165,693	134,645
Gross profit	17,846	10,738
Selling, general and administrative expenses	10,945	6,614
Asset recovery, net of impairments	-1,120	-7
Operating income	8,021	4,131
Interest expense	886	430
Interest income	3	6
Other expense	18	23
Income before income taxes	7,120	3,684
Provision for income taxes	2,181	1,101
Net income	$4,939	$2,583
Earnings per share:	'	'
Basic earnings per share	$0.29	$0.15
Basic weighted average number of common shares	17,113	16,988
Diluted earnings per share	$0.29	$0.15
Diluted weighted average number of common shares	17,208	17,040

Condensed_Consolidated_Stateme1

Condensed Consolidated Statement of Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jan. 31, 2014	Jan. 31, 2013
Statement of Comprehensive Income [Abstract]	'	'
Net income	$4,939	$2,583
Actuarial net loss	-540	0
Asset net loss	-386	0
Recognized gain	269	0
Income taxes - benefit	249	0
Total defined benefit pension plans & other post retirement benefits, net of tax	408	0
Comprehensive income, net	$4,531	$2,583

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jan. 31, 2014	Jan. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net income	$4,939	$2,583
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	6,419	4,252
Asset recovery	-1,120	-7
Amortization of deferred financing costs	261	75
Deferred income taxes	0	5
Stock-based compensation expense	150	187
Gain on sale of assets	-127	0
Changes in operating assets and liabilities:	'	'
Accounts receivable	16,473	6,908
Inventories	-5,721	1,265
Prepaids and other assets	-734	-283
Payables and other liabilities	-14,508	-17,477
Accrued income taxes	-136	808
Net cash provided by (used for) operating activities	5,896	-1,684
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Capital expenditures	-3,781	-5,769
Acquisitions, net of cash acquired	0	-62,684
Proceeds from sale of assets	1,253	7
Net cash used for investing activities	-2,528	-68,446
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Payment of dividends	0	-4,226
Payment of capital lease	-16	0
Proceeds from long-term borrowings	2,600	78,850
Repayments of long-term borrowings	-5,618	-4,300
Payment of deferred financing costs	-16	-307
Proceeds from exercise of stock options	307	79
Net cash provided by (used for) financing activities	-2,743	70,096
Net increase (decrease) in cash and cash equivalents	625	-34
Cash and cash equivalents at beginning of period	398	174
Cash and cash equivalents at end of period	1,023	140
Supplemental Cash Flow Information:	'	'
Cash paid for interest	772	331
Cash paid for income taxes	2,168	61
Non-cash Investing and Financing Activities:	'	'
Equipment acquired under capital lease	$467	$0

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Jan. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	—Basis of Presentation
	The condensed consolidated financial statements have been prepared by Shiloh Industries, Inc. and its subsidiaries (the “Company”), without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. The information furnished in the condensed consolidated financial statements includes normal recurring adjustments and reflects all adjustments, which are, in the opinion of management, necessary for a fair presentation of such financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. Although the Company believes that the disclosures are adequate to make the information presented not misleading, these condensed consolidated financial statements should be read in conjunction with the audited financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2013.
	Revenues and operating results for the three months ended January 31, 2014 are not necessarily indicative of the results to be expected for the full year.
	Prior Year Reclassification
	Certain prior year amounts have been reclassified to conform with current year presentation.

New_Accounting_Standards

New Accounting Standards	3 Months Ended
	Jan. 31, 2014
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]	'
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	'
	—New Accounting Standards
	In February 2013, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") No. 2013-02, Comprehensive Income (Topic 220) - "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income," effective for annual and interim reporting periods beginning after December 15, 2012. The new accounting rules require all U.S. public companies to report the effect of items reclassified out of accumulated other comprehensive income on the respective line items of net income, net of tax, either on the face of the financial statements where net income is presented or in a tabular format in the notes to the financial statements. Effective February 1, 2013, the Company adopted ASU No. 2013-02. The new accounting rules expand the disclosure of other comprehensive income and had no impact on the Company's results of operations and financial condition.
	The new accounting standard, "Comprehensive Income", became effective for fiscal years beginning after December 15, 2011, which for the Company was the first quarter ended January 31, 2013. This standard requires that other comprehensive income be presented as either a separate statement, or as an addition to the statement of income and prohibits the presentation of other comprehensive income in the statement of shareholders' equity. The Company has adopted this new guidance and it did not have a material impact on the condensed consolidated financial statements.
	In December 2011, the FASB issued ASU No. 2011-11, Balance Sheet (Topic 210) - "Disclosures about Offsetting Assets and Liabilities". This ASU requires companies to disclose both gross and net information about instruments and transactions eligible for offset in the statement of financial position as well as instruments and transactions subject to an agreement similar to a master netting arrangement. This guidance is effective retrospectively for interim and annual periods beginning on or after January 1, 2013. The Company has adopted this new guidance and it did not have a material impact on the condensed consolidated financial statements or its related disclosures.

Acquisitions

Acquisitions	3 Months Ended
	Jan. 31, 2014
Acquisitions [Abstract]	'
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	'
	—Acquisitions
	Albany-Chicago Company LLC
	On December 28, 2012, the Company, through a wholly-owned subsidiary, entered into and consummated the transactions contemplated by a Membership Interest Purchase Agreement, dated December 28, 2012 (the "Purchase Agreement"), among the subsidiary and all of the equity owners of Albany-Chicago Company LLC ("Pleasant Prairie"), a producer of aluminum die cast and machined parts for the motor vehicle industry.
	The Company acquired Pleasant Prairie in order to further our investment in light weighting technologies and expand the diversity of our customer base, product offering and geographic footprint. Pleasant Prairie's results of operations are reflected in the Company's condensed consolidated statements of income from the acquisition date.
	The aggregate fair value of consideration transferred in connection with the Purchase Agreement was $56,390, consisting of $56,792, ($56,337 net of cash acquired) in cash on the date of acquisition. Of this amount, $3,000 in cash was placed into escrow, and serves as security for any indemnification claims made by the Company under the Purchase Agreement. Subsequent to the acquisition date, $381 of working capital adjustments were paid during the second quarter of fiscal 2013 to the seller, a reduction in purchase price of $850 as a result of a settlement agreement on asset valuation for tax purposes occurred during the third quarter of fiscal 2013, which was taken out of the escrow balance, and a working capital adjustment of $67 paid to the seller during the third quarter of fiscal 2013. During the first quarter of fiscal 2014, certain settlements occurred resulting in $1,000 in escrow funds being returned to the Company for settlement of excess tooling expenses and was included in the Company's operating results and $200 in escrow funds being released to the sellers for volumes on certain programs exceeding agreed levels, leaving a remaining escrow balance of $950.
	The acquisition of Pleasant Prairie has been accounted for using the acquisition method in accordance with the FASB Accounting Standards Codification ("ASC") Topic 805, Business Combinations. Assets acquired and liabilities assumed were recorded at their estimated fair values as of the acquisition date. The fair values of identifiable intangible assets were based on valuations using the income approach and estimates provided by management. The excess of the purchase price over the estimated fair values of the tangible assets, identifiable intangible assets and assumed liabilities was recorded as goodwill. The allocation of the purchase price is based upon a valuation of certain assets acquired and liabilities assumed. The final purchase price allocation was as follows:
	Cash and cash equivalents	$	455
	Accounts receivable	9,195
	Inventory	2,711
	Prepaid assets and other	1,851
	Property, plant and equipment	26,100
	Goodwill	5,492
	Intangible assets	16,056
	Other non-current assets	67
	Accounts payable and other	(5,537		)
	Net assets acquired	$	56,390
	The Company utilized a third party to assist in the fair value determination of certain components of the purchase price allocation, namely property, plant and equipment and intangible assets.
	The Company believes the amount of goodwill resulting from the purchase price allocation is attributable to the workforce of the acquired business (which is not eligible for separate recognition as an identifiable intangible asset) and the synergies expected after the Company's acquisition of Pleasant Prairie. All of the goodwill was allocated to the Company's Pleasant Prairie subsidiary. The total amount of goodwill expected to be deductible for tax purposes is $14,291 and is estimated to be deductible over approximately 15 years.
	Of the $16,056 of acquired intangible assets, $13,462 was assigned to customers that have a useful life of approximately 13 years, $1,850 was assigned to trade names with an estimated useful life of approximately 15 years, and $744 was assigned to non-competition agreements with an estimated useful life of approximately 2 years. The fair values assigned to identifiable intangible assets acquired has been determined primarily by using the income approach, which discounts expected future cash flows to present value using estimates and assumptions determined by management. The Company utilized a third party to assist in assigning a fair value to acquired intangible assets. The total amount of identifiable intangible assets expected to be deductible for tax purposes is $16,056 and is estimated to be deductible over approximately 15 years.
	Atlantic Tool & Die - Alabama, Inc.
	On December 13, 2012, the Company, through a wholly owned subsidiary, acquired certain assets of Atlantic Tool & Die - Alabama, Inc. (“Anniston”), a metal stamping, welding and value added assembly company. The fair value of consideration paid for the acquired assets was $6,347. The Company acquired Anniston in order to expand the diversity of our customer base and the availability of desired assets. The results of operations for Anniston are included in the Company's condensed consolidated financial statements from the date of acquisition.
	The acquisition of Anniston has been accounted for using the acquisition method in accordance with the FASB ASC Topic 805, Business Combinations. Assets acquired and liabilities assumed were recorded at their estimated fair values as of the acquisition date. The allocation of the purchase price is based upon a valuation of certain assets acquired and liabilities assumed.
	The Company utilized a third party to assist in the fair value determination of certain components of the final purchase price allocation, namely fixed assets and intangible assets. The Company acquired typical working capital items of inventories and other assets, net of certain employee benefit liabilities assumed, of $1,214, and property, plant and equipment of $5,361, resulting in a bargain purchase gain of $228. The Company was able to realize a gain on the acquisition as a result of the Company's ability to favorably negotiate the settlement of certain assumed liabilities, which was recognized in the fourth quarter of fiscal year 2013.
	Contech Castings, LLC
	On June 11, 2013, the Company, through a wholly-owned subsidiary, entered into an Asset Purchase Agreement (the “Contech Agreement”), with Contech Castings, LLC (“Contech”) and its subsidiary Contech Casting Real Estate Holdings, LLC (“Contech Real Estate” and together with Contech, “Contech Sellers”). Contech is engaged in the business of die casting and machining motor vehicle parts and further producing engineered high pressure aluminum die cast and machined parts for the motor vehicle industry, and Contech Real Estate owned the real property used by Contech in its business. The acquisition closed on August 2, 2013. Under the terms of the Contech Agreement, the Company acquired the assets of the business located at the purchased facilities and assumed certain specified liabilities from the Contech Sellers for $42,187, after adjustments in working capital, certain assumed liabilities and amounts of capital expenditures. Of this amount, $3,825 in cash was placed into escrow, and serves as security for any indemnification claims made by the Company under the Contech Agreement.
	The Company acquired Contech's businesses in order to further our investment in light weighting technologies, expand our capabilities in aluminum die casting machining and expand the diversity of our customer base, product offering and geographic footprint. Contech's results of operations are reflected in the Company's consolidated statements of income from the acquisition date.
	The acquisition of Contech has been accounted for using the acquisition method in accordance with the FASB ASC Topic 805, Business Combinations. Assets acquired and liabilities assumed were recorded at their estimated fair values as of the acquisition date. The fair values of identifiable intangible assets were based on valuations using the income approach and estimates provided by management. The excess of the purchase price over the estimated fair values of the tangible assets, identifiable intangible assets and assumed liabilities was recorded as goodwill. The allocation of the purchase price is based upon a valuation of certain assets acquired and liabilities assumed. The preliminary purchase price allocation was as follows:
	Accounts receivable	$	2,126
	Inventory	1,529
	Prepaid assets and other	170
	Property, plant and equipment	39,956
	Goodwill	1,276
	Intangible assets	2,898
	Accounts payable and other	(5,768		)
	Net assets acquired	$	42,187
	The purchase price allocation is provisional, pending completion of the valuation of acquired intangible assets, property, plant and equipment, and inventories. The Company is utilizing a third party to assist in the fair value determination of certain components of the purchase price allocation, namely property, plant and equipment and intangible assets. The final valuation may change the allocation of the purchase price, which could affect the fair values assigned to the assets.
	The Company believes the amount of goodwill resulting from the purchase price allocation is attributable to the workforce of the acquired business (which is not eligible for separate recognition as an identifiable intangible asset) and the synergies expected after the Company's acquisition of Contech. The total amount of goodwill expected to be deductible for tax purposes is $1,276 and is estimated to be deductible over approximately 15 years.
	Of the $2,898 of acquired intangible assets, $25 was assigned to trade names with an estimated useful life of approximately 3 months, $166 was assigned to trademarks with an estimated useful life of approximately 10 years, and $2,707 was assigned to developed technologies with an estimated useful life of 5 years. The Company utilized a third party to assist in assigning a fair value to acquired intangible assets. The total amount of identifiable intangible assets expected to be deductible for tax purposes is $2,898 and is estimated to be deductible over approximately 15 years.
	Pro Forma Consolidated Results
	The following supplemental pro forma information presents the actual financial results for the three months ended January 31, 2014, and pro forma financial results for the three months ended January 31, 2013 as if the Pleasant Prairie acquisition had occurred on November 1, 2012. The pro forma results do not include any anticipated cost synergies, costs or other effects of the integration of Pleasant Prairie. Accordingly, such pro forma amounts are not necessarily indicative of the results that actually would have occurred had the acquisition been completed on the dates indicated, nor are they indicative of the future operating results of the combined company. In addition, the pro forma information includes amortization expense related to intangible assets acquired of approximately $383 for the three months ended January 31, 2013. Pro forma information related to the Anniston and Contech acquisitions are not included in the table below as their financial results were not considered to be significant to the Company's operating results for the periods presented.
	Pro forma consolidated results	Three Months Ended January 31,
	(in thousands, except for per share data):	2014			2013
	Revenue	$	183,539		$	155,633
	Net income	$	4,939		$	2,310
	Basic earnings per share	$	0.29		$	0.14
	Diluted earnings per share	$	0.29		$	0.14

Asset_Impairment_and_Recoverie

Asset Impairment and Recoveries	3 Months Ended
	Jan. 31, 2014
Restructuring and Related Activities [Abstract]	'
Restructuring and Related Activities Disclosure [Text Block]	'
	Asset Impairment and Recoveries
	Asset recoveries of $1,120 were recorded during the first three months of fiscal 2014 and impairment recoveries of $7 were recorded during the first three months of fiscal 2013 for cash received upon sales of assets from the Company's former Mansfield Blanking facility, which were impaired in fiscal 2010.

Related_Party_Receivables

Related Party Receivables	3 Months Ended
	Jan. 31, 2014
Related Party Receivables [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	Related Party Receivables
	The Company had related party receivable balances for the period ended January 31, 2014 and October 31, 2013 of $2,060 and $673, respectively, due from MTD Products Inc. and its affiliates.

Inventories

Inventories	3 Months Ended
	Jan. 31, 2014
Inventory Disclosure [Abstract]	'
Inventory Disclosure [Text Block]	'
	Inventories
	Inventories consist of the following:
		January 31, 2014		31-Oct-13
	Raw materials	$	18,457	$	16,827
	Work-in-process	9,952		7,742
	Finished goods	10,844		9,573
	Total material	39,253		34,142
	Tooling	9,392		8,782
	Total inventory	$	48,645	$	42,924
	Total cost of inventory is net of reserves to reduce certain inventory from cost to net realizable value. Such reserves aggregated $100 and $853 at January 31, 2014 and October 31, 2013, respectively.
	Customer reimbursed tooling inventories totaling $9,392 increased $610 from October 31, 2013, for tooling related to new program awards that go into production over the next two years.

Property_Plant_and_Equipment

Property, Plant and Equipment	3 Months Ended
	Jan. 31, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
	Property, Plant and Equipment
	Property, plant and equipment consist of the following:
		January 31,		October 31,
		2014		2013
	Land and improvements	$	11,229	$	11,050
	Buildings and improvements	110,800		109,977
	Machinery and equipment	415,477		411,847
	Furniture and fixtures	11,722		11,568
	Construction in progress	27,211		28,982
	Total, at cost	576,439		573,424
	Less: Accumulated depreciation	378,604		375,550
	Property, plant and equipment, net	$	197,835	$	197,874
	Depreciation expense was $5,874 and $4,140 for the periods ended January 31, 2014 and January 31, 2013, respectively.

Goodwill_and_Intangible_Assets

Goodwill and Intangible Assets	3 Months Ended
	Jan. 31, 2014
Intangible Assets [Abstract]	'
Intangible Assets Disclosure [Text Block]	'
	Intangible Assets
	Goodwill
	The following table reflects the carrying value of goodwill for the respective periods:
		January 31, 2014				October 31, 2013
	Goodwill	$	6,768			$	6,768
	Intangible Assets
	The following table reflects intangible assets and related accumulated amortization:
			January 31, 2014
			Useful Life		Cost			Accumulated Amortization			Net
		Trade Name (Albany-Chicago)	15 years		$	1,850		$	(134	)	$	1,716
		Non-compete (Albany-Chicago)	2 years		744			(403		)	341
		Customer Relationships (Albany-Chicago)	13 years		13,462			(1,053		)	12,409
		Trade Name (Contech)	0.25 years		25			(25		)	—
		Trademark (Contech)	10 years		166			(8		)	158
		Developed Technology (Contech)	5 years		2,707			(271		)	2,436
					$	18,954		$	(1,894	)	$	17,060
			October 31, 2013
			Useful Life		Cost			Accumulated Amortization			Net
		Trade Name (Albany-Chicago)	15 years		$	1,850		$	(103	)	$	1,747
		Non-compete (Albany-Chicago)	2 years		744			(310		)	434
		Customer Relationships (Albany-Chicago)	13 years		13,462			(771		)	12,691
		Trade Name (Contech)	0.25 years		25			(25		)	—
		Trademark (Contech)	10 years		166			(4		)	162
		Developed Technology (Contech)	5 years		2,707			(136		)	2,571
					$	18,954		$	(1,349	)	$	17,605
	Total amortization expense was $545 and $112 for the periods ended January 31, 2014 and January 31, 2013, respectively. Amortization expense related to intangible assets for the fiscal years ending is estimated to be as follows:
	Remainder of 2014		$	1,635
	2015		1,779
	2016		1,717
	2017		1,717
	2018		1,582
	Thereafter		8,630
			$	17,060

Financing_Arrangements

Financing Arrangements	3 Months Ended
	Jan. 31, 2014
Debt Disclosure [Abstract]	'
Financing Arrangements [Text Block]	'
	Financing Arrangements
	Debt consists of the following:
		31-Jan-14			31-Oct-13
	Credit Agreement —interest rate at 1.89% and 1.95% at January 31, 2014 and October 31, 2013, respectively	$	114,500		$	117,400
	Equipment security note	2,343			2,461
	Capital lease obligation	451			—
	Insurance broker financing agreement	203			405
	Total debt	117,497			120,266
	Less: Current debt	771			882
	Total long-term debt	$	116,726		$	119,384
	The weighted average interest rate of all debt was 1.95% and 1.91% for the three months ended January 31, 2014 and January 31, 2013, respectively.
	On October 25, 2013, the Company entered into a Credit Agreement (the “Credit Agreement”) with Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities, LLC as Joint Lead Arrangers and Joint Book Managers, The PrivateBank and Trust Company, Compass Bank and RBS Citizens, N.A., as Co-Documentation Agents, and the other lender parties thereto. The Company's domestic subsidiaries have guaranteed certain of the Company's obligations under the Agreement.
	The Credit Agreement has a five-year term and provides for a $300 million secured revolving line of credit, which may be increased up to an additional $100 million subject to the Company’s compliance with the terms of the Credit Agreement and pro forma compliance with certain financial covenants, notice to the Administrative Agent and the Company obtaining commitments for such increase. Funds borrowed from the Credit Agreement were used to payoff borrowed funds under the Company's prior credit agreement.
	Borrowings under the Credit Agreement bear interest, at LIBOR plus the applicable rate as referenced in the Credit Agreement or at the option of the Company the highest of (a) the Federal Funds Rate plus 0.50%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America, N.A. as its prime rate or (c) the Eurocurrency Rate plus 1.00%. In addition to interest charges, the Company will pay in arrears a quarterly commitment fee ranging from 0.20% - 0.35% based on the Company’s daily revolving exposure.
	The Credit Agreement contains customary restrictive and financial covenants, including covenants regarding the Company’s outstanding indebtedness and maximum leverage and interest coverage ratios. The Credit Agreement also contains standard provisions relating to conditions of borrowing. In addition, the Credit Agreement contains customary events of default, including the non-payment of obligations by the Company and the bankruptcy of the Company. If an event of default occurs, all amounts outstanding under the Credit Agreement may be accelerated and become immediately due and payable. The Company was in compliance with the financial covenants as of January 31, 2014, and October 31, 2013.
	On December 30, 2013, the Company entered into a First Amendment Agreement (the “First Amendment”) amending the Agreement.
	The First Amendment permits the incurrence of state or local Governmental Authority bonds as part of a government tax incentive program, the proceeds of which are used to finance or refinance the acquisition, construction, equipping or improvement of facilities or property used by the Company, subject to a cap of $30 million and certain other terms and conditions, and was executed in connection with the issuance of certain Development Authority of Jefferson, Georgia Taxable Industrial Development Revenue Bonds (Jefferson Blanking Inc.) Series 2013 with a principal amount not exceeding $8 million.
	After considering letters of credit of $2,441 that the Company has issued, available funds under the Agreement were $183,059 at January 31, 2014.
	Borrowings under the Agreement are collateralized by a first priority security interest in substantially all of the tangible and intangible property of the Company and its domestic subsidiaries and 65% of the stock of foreign subsidiaries.
	In July 2013, the Company entered into a finance agreement with an insurance broker for various insurance policies that bears interest at a fixed rate of 2.15% requiring an initial down payment of $186 due with the first monthly payment of $68. The monthly payments extend through April 2014. As of January 31, 2014, $203 remained outstanding under this agreement.
	On September 2, 2013, the Company entered into an equipment security note that bears interest at a fixed rate of 2.47% and requires monthly payments of $44 through September 2018. As of January 31, 2014, $2,343 remained outstanding under this agreement and $480 was classified as current debt and $1,863 was classified as long term debt in the Company’s condensed consolidated balance sheets.
	On December 27, 2013, the Company entered into a master lease agreement with The Huntington National Bank for machinery and equipment. The lease bears interest at a fixed rate of 3.054% and requires monthly payments of $8 through November 2018. As of January 31, 2014, $451 remained outstanding under this agreement and $88 was classified as current debt and $363 was classified as long term debt in the Company's condensed consolidated balance sheets.
	Scheduled repayments under the terms of the Agreement including repayments of other debt for the next five years are listed below:
	Twelve Months ended January 31,		Credit Agreement			Equipment Security Note		Capital Lease Obligation		Other Debt		Total
	2014		$	—		$	480	$	88	$	203	$	771
	2015		—			492		91		—		583
	2016		—			504		94		—		598
	2017		—			516		97		—		613
	2018		114,500			351		81		—		114,932
	Total		$	114,500		$	2,343	$	451	$	203	$	117,497

Pension_and_Other_PostRetireme

Pension and Other Post-Retirement Benefit Matters	3 Months Ended
	Jan. 31, 2014
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]	'
Pension and Other Postretirement Benefits Disclosure [Text Block]	'
	Pension and Other Post-Retirement Benefit Matters
	The components of net periodic benefit cost for the three months ended January 31, 2014 and 2013 are as follows:
		Pension Benefits						Other Post-Retirement
								Benefits
		Three Months Ended January 31,						Three Months Ended January 31,
		2014			2013			2014		2013
	Interest cost	$	937		$	815		$	10	$	8
	Expected return on plan assets	(1,070		)	(934		)	—		—
	Recognized net actuarial loss	269			348			10		12
	Net periodic benefit cost	$	136		$	229		$	20	$	20
	As part of a strategy to remove pension liability risk and reduce premium payments to the Pension Benefit Guaranty Corporation, the Company elected to allow lump sum distributions from the defined benefit pension plans. The FASB requires a special accounting charge for settling pension obligations in this manner. The Company records an estimated settlement charge at the time of the lump sun payments based on the discount rate in effect at the time.
	The Company made contributions of $952 to the defined benefit pension plans during the three months ended January 31, 2014. The Company expects contributions to be $3,425 for the remainder of fiscal 2014.

Equity_Matters

Equity Matters	3 Months Ended
	Jan. 31, 2014
Equity [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	Equity Matters
	For the Company, FASB ASC Topic 718 “Compensation – Stock Compensation” affects the stock options that have been granted and requires the Company to expense share-based payment (“SBP”) awards with compensation cost for SBP transactions measured at fair value. The Company has elected to use the simplified method of calculating the expected term of the stock options and historical volatility to compute fair value under the Black-Scholes option-pricing model. The risk-free rate for periods within the contractual life of the option is based on the U.S. zero coupon Treasury yield in effect at the time of grant. Forfeitures have been estimated based upon the Company’s historical experience.
	1993 Key Employee Stock Incentive Plan
	The Company maintains the Amended and Restated 1993 Key Employee Stock Incentive Program (as amended and restated December 12, 2002 and December 10, 2009) (the “Incentive Plan”), which authorizes grants to officers and other key employees of the Company and its subsidiaries of (i) stock options that are intended to qualify as incentive stock options, (ii) nonqualified stock options and (iii) restricted stock awards. An aggregate of 2,700,000 shares of Common Stock, subject to adjustment upon occurrence of certain events to prevent dilution or expansion of the rights of participants that might otherwise result from the occurrence of such events, was reserved for issuance pursuant to the Incentive Plan. An individual’s award of stock options is limited to 500,000 shares in a five-year period.
	Non-qualified stock options, incentive stock options and restricted stock awards have been granted to date and all options have been granted at the market price at the date of grant. Options expire over a period not to exceed ten years from the date of grant and vest ratably over a three year period. Restricted stock awards vest ratably over a four year period. Incentive stock options have not been granted in fiscal 2013 or during the first quarter of 2014. On December 19, 2013, 67,000 shares of restricted stock were granted to several employees determined by the chief executive officer as incentives for future performance. The market value of the Company's stock on the date of award was $20.64.
	Activity in the Company’s stock option plan for the three months ended January 31, 2014 and 2013 was as follows:
		Number of		Weighted		Weighted Average	Aggregate
		Shares		Average		Remaining	Intrinsic
				Exercise Price		Contractual	Value
				Per Share		Term (Years)
	Options outstanding at November 1, 2012	362,085		$9.99
	Options:
	Granted	—		$0.00
	Exercised	(13,667	)	$5.58
	Canceled	(6,500	)	$7.45
	Outstanding at January 31, 2013	341,918		$10.21		6.54	$734
	Options exercisable at January 31, 2013	267,585		$10.20		6.09	$621
	Options outstanding at November 1, 2013	236,134		$9.93
	Options:
	Granted	—		$0.00
	Exercised	(33,468	)	$9.18
	Canceled	(8,333	)	$8.10
	Outstanding at January 31, 2014	194,333		$10.13		5.68	$962
	Options exercisable at January 31, 2014	184,666		$10.24		5.56	$894
	At January 31, 2014 the exercise price of all of the Company's stock option grants was higher than the market value of the Company's stock and at January 31, 2013, the exercise price of some of the Company’s stock option grants was higher than the market value of the Company’s stock. These grants are excluded from the computation of aggregate intrinsic value of the Company’s outstanding and exercisable stock options.
	For the three months ended January 31, 2014 and 2013, the Company recorded compensation expense related to stock options currently vesting, effectively reducing income before taxes by $83 and $114, respectively. For the first quarter of fiscal 2014, there was no impact on earnings per share and for the first quarter of fiscal 2013 the impact on earnings per share was a reduction of $0.01 per share basic and diluted. The total compensation cost related to unvested awards not yet recognized is expected to be a combined total of $67 over the next two fiscal years. For the three months ended January 31, 2014 and 2013, the total compensation cost related to the restricted stock currently vested was $67 and $73, respectively. The total estimated compensation cost related to the non-vested restricted stock is $339 over the next two fiscal years.
	Earnings per Share
	Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of shares of Common Stock outstanding during the period. In addition, the shares of Common Stock issuable pursuant to stock options outstanding under the Incentive Plan are included in the diluted earnings per share calculation to the extent they are dilutive. For the three months ended January 31, 2014, 118,572 stock awards were excluded from the computation of diluted earnings per share because they were anti-dilutive. For the three months ended January 31, 2013, 329,906 stock awards were excluded from the computation of diluted earnings per share because they were anti-dilutive. The following is a reconciliation of the numerator and denominator of the basic and diluted earnings per share computation for net income per share:
	(Shares in thousands)	Three Months Ended January 31,
		2014			2013
	Net income available to common stockholders	$	4,939		$	2,583
	Basic weighted average shares	17,113			16,988
	Effect of dilutive securities:
	Stock options	95			52
	Diluted weighted average shares	17,208			17,040
	Basic income per share	$	0.29		$	0.15
	Diluted income per share	$	0.29		$	0.15
	Comprehensive Income
	Comprehensive income for the three months ended January 31, 2014 and 2013 was $4,531 and $2,583, respectively. Beginning with the first quarter of fiscal year 2014, the pension plan will be remeasured on a quarterly basis. Comprehensive income includes an adjustment of $249 to estimated deferred taxes associated with the pension adjustments included in accumulated other comprehensive income.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Jan. 31, 2014
Fair Value Disclosures [Abstract]	'
Fair Value of Financial Instruments, Policy [Policy Text Block]	'
	Fair Value of Financial Instruments
	The carrying amounts of cash and cash equivalents, trade receivables and payables approximate fair value because of the short maturity of those instruments. The carrying value of the Company’s debt is considered to approximate the fair value of these instruments based on the borrowing rates currently available to the Company for loans with similar terms and maturities.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Jan. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	Commitments and Contingencies
	The Company is from time to time involved in legal proceedings, claims or investigations. In the opinion of management, the Company’s liability or recovery, if any, under pending litigation and claims would not materially affect its financial condition, results of operations or cash flow.

Acquisitions_Tables

Acquisitions (Tables)	3 Months Ended
	Jan. 31, 2014
Business Acquisitions [Abstract]	'
Schedule of Purchase Price Allocation [Table Text Block]	'
	The final purchase price allocation was as follows:
	Cash and cash equivalents	$	455
	Accounts receivable	9,195
	Inventory	2,711
	Prepaid assets and other	1,851
	Property, plant and equipment	26,100
	Goodwill	5,492
	Intangible assets	16,056
	Other non-current assets	67
	Accounts payable and other	(5,537		)
	Net assets acquired	$	56,390
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	'
	The preliminary purchase price allocation was as follows:
	Accounts receivable	$	2,126
	Inventory	1,529
	Prepaid assets and other	170
	Property, plant and equipment	39,956
	Goodwill	1,276
	Intangible assets	2,898
	Accounts payable and other	(5,768		)
	Net assets acquired	$	42,187
Business Acquisition, Pro Forma Information [Table Text Block]	'
	Pro forma information related to the Anniston and Contech acquisitions are not included in the table below as their financial results were not considered to be significant to the Company's operating results for the periods presented.
	Pro forma consolidated results	Three Months Ended January 31,
	(in thousands, except for per share data):	2014			2013
	Revenue	$	183,539		$	155,633
	Net income	$	4,939		$	2,310
	Basic earnings per share	$	0.29		$	0.14
	Diluted earnings per share	$	0.29		$	0.14

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Jan. 31, 2014
Inventory Disclosure [Abstract]	'
Schedule of Inventory, Current [Table Text Block]	'
	Inventories consist of the following:
		January 31, 2014		31-Oct-13
	Raw materials	$	18,457	$	16,827
	Work-in-process	9,952		7,742
	Finished goods	10,844		9,573
	Total material	39,253		34,142
	Tooling	9,392		8,782
	Total inventory	$	48,645	$	42,924

Property_Plant_and_Equipment_T

Property Plant and Equipment (Tables)	3 Months Ended
	Jan. 31, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment [Table Text Block]	'
	Property, plant and equipment consist of the following:
		January 31,		October 31,
		2014		2013
	Land and improvements	$	11,229	$	11,050
	Buildings and improvements	110,800		109,977
	Machinery and equipment	415,477		411,847
	Furniture and fixtures	11,722		11,568
	Construction in progress	27,211		28,982
	Total, at cost	576,439		573,424
	Less: Accumulated depreciation	378,604		375,550
	Property, plant and equipment, net	$	197,835	$	197,874

Goodwil_and_Intangible_Assets_

Goodwil and Intangible Assets (Tables)	3 Months Ended
	Jan. 31, 2014
Intangible Assets [Abstract]	'
Schedule of Goodwill [Table Text Block]	'
	The following table reflects the carrying value of goodwill for the respective periods:
		January 31, 2014				October 31, 2013
	Goodwill	$	6,768			$	6,768
Schedule of Finite-Lived Intangible Assets [Table Text Block]	'
	:
			January 31, 2014
			Useful Life		Cost			Accumulated Amortization			Net
		Trade Name (Albany-Chicago)	15 years		$	1,850		$	(134	)	$	1,716
		Non-compete (Albany-Chicago)	2 years		744			(403		)	341
		Customer Relationships (Albany-Chicago)	13 years		13,462			(1,053		)	12,409
		Trade Name (Contech)	0.25 years		25			(25		)	—
		Trademark (Contech)	10 years		166			(8		)	158
		Developed Technology (Contech)	5 years		2,707			(271		)	2,436
					$	18,954		$	(1,894	)	$	17,060
			October 31, 2013
			Useful Life		Cost			Accumulated Amortization			Net
		Trade Name (Albany-Chicago)	15 years		$	1,850		$	(103	)	$	1,747
		Non-compete (Albany-Chicago)	2 years		744			(310		)	434
		Customer Relationships (Albany-Chicago)	13 years		13,462			(771		)	12,691
		Trade Name (Contech)	0.25 years		25			(25		)	—
		Trademark (Contech)	10 years		166			(4		)	162
		Developed Technology (Contech)	5 years		2,707			(136		)	2,571
					$	18,954		$	(1,349	)	$	17,605
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	'
	Amortization expense related to intangible assets for the fiscal years ending is estimated to be as follows:
	Remainder of 2014		$	1,635
	2015		1,779
	2016		1,717
	2017		1,717
	2018		1,582
	Thereafter		8,630
			$	17,060

Financing_Arrangements_Tables

Financing Arrangements (Tables)	3 Months Ended
	Jan. 31, 2014
Debt Disclosure [Abstract]	'
Schedule of Debt [Table Text Block]	'
	Debt consists of the following:
		31-Jan-14			31-Oct-13
	Credit Agreement —interest rate at 1.89% and 1.95% at January 31, 2014 and October 31, 2013, respectively	$	114,500		$	117,400
	Equipment security note	2,343			2,461
	Capital lease obligation	451			—
	Insurance broker financing agreement	203			405
	Total debt	117,497			120,266
	Less: Current debt	771			882
	Total long-term debt	$	116,726		$	119,384
Schedule of Maturities of Debt [Table Text Block]	'
	Scheduled repayments under the terms of the Agreement including repayments of other debt for the next five years are listed below:
	Twelve Months ended January 31,		Credit Agreement			Equipment Security Note		Capital Lease Obligation		Other Debt		Total
	2014		$	—		$	480	$	88	$	203	$	771
	2015		—			492		91		—		583
	2016		—			504		94		—		598
	2017		—			516		97		—		613
	2018		114,500			351		81		—		114,932
	Total		$	114,500		$	2,343	$	451	$	203	$	117,497

Components_of_Net_Periodic_Ben

Components of Net Periodic Benefit Cost (Table)	3 Months Ended
	Jan. 31, 2014
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]	'
Schedule of Costs of Retirement Plans [Table Text Block]	'
	The components of net periodic benefit cost for the three months ended January 31, 2014 and 2013 are as follows:
		Pension Benefits						Other Post-Retirement
								Benefits
		Three Months Ended January 31,						Three Months Ended January 31,
		2014			2013			2014		2013
	Interest cost	$	937		$	815		$	10	$	8
	Expected return on plan assets	(1,070		)	(934		)	—		—
	Recognized net actuarial loss	269			348			10		12
	Net periodic benefit cost	$	136		$	229		$	20	$	20

Equity_Matters_Tables

Equity Matters (Tables)	3 Months Ended
	Jan. 31, 2014
Equity [Abstract]	'
Schedule of stock option activity	'
	Activity in the Company’s stock option plan for the three months ended January 31, 2014 and 2013 was as follows:
		Number of		Weighted		Weighted Average	Aggregate
		Shares		Average		Remaining	Intrinsic
				Exercise Price		Contractual	Value
				Per Share		Term (Years)
	Options outstanding at November 1, 2012	362,085		$9.99
	Options:
	Granted	—		$0.00
	Exercised	(13,667	)	$5.58
	Canceled	(6,500	)	$7.45
	Outstanding at January 31, 2013	341,918		$10.21		6.54	$734
	Options exercisable at January 31, 2013	267,585		$10.20		6.09	$621
	Options outstanding at November 1, 2013	236,134		$9.93
	Options:
	Granted	—		$0.00
	Exercised	(33,468	)	$9.18
	Canceled	(8,333	)	$8.10
	Outstanding at January 31, 2014	194,333		$10.13		5.68	$962
	Options exercisable at January 31, 2014	184,666		$10.24		5.56	$894
Reconciliation of the numerator and denominator of earnings per share	'
	The following is a reconciliation of the numerator and denominator of the basic and diluted earnings per share computation for net income per share:
	(Shares in thousands)	Three Months Ended January 31,
		2014			2013
	Net income available to common stockholders	$	4,939		$	2,583
	Basic weighted average shares	17,113			16,988
	Effect of dilutive securities:
	Stock options	95			52
	Diluted weighted average shares	17,208			17,040
	Basic income per share	$	0.29		$	0.15
	Diluted income per share	$	0.29		$	0.15

AlbanyChicago_Company_LLC_Deta

Albany-Chicago Company LLC (Details) (USD $)

3 Months Ended

7 Months Ended

10 Months Ended

3 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

In Thousands, unless otherwise specified

Jan. 31, 2014

Jul. 30, 2013

Jul. 31, 2013

Apr. 15, 2013

Jul. 31, 2013

Oct. 31, 2013

Dec. 28, 2012

Jul. 31, 2013

Dec. 28, 2012

Jan. 31, 2014

Oct. 31, 2013

Dec. 28, 2012

Jan. 31, 2014

Oct. 31, 2013

Dec. 28, 2012

Jan. 31, 2014

Oct. 31, 2013

Dec. 28, 2012

Pleasant Prairie [Member]

Pleasant Prairie [Member]

Pleasant Prairie [Member]

Pleasant Prairie [Member]

Pleasant Prairie [Member]

Pleasant Prairie [Member]

Goodwill [Member]

Goodwill [Member]

Noncompete Agreements [Member]

Noncompete Agreements [Member]

Noncompete Agreements [Member]

Customer Relationships [Member]

Customer Relationships [Member]

Customer Relationships [Member]

Trade Names [Member]

Trade Names [Member]

Trade Names [Member]

Pleasant Prairie [Member]

Pleasant Prairie [Member]

Pleasant Prairie [Member]

Pleasant Prairie [Member]

Pleasant Prairie [Member]

Pleasant Prairie [Member]

Pleasant Prairie [Member]

Pleasant Prairie [Member]

Business Acquisition [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Business Combination, Consideration Transferred

'

'

'

'

'

$56,390

'

'

'

'

'

'

'

'

'

'

'

'

Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net

'

'

'

56,390

'

'

56,792

'

'

'

'

'

'

'

'

'

'

'

Net of Cash Acquired

'

'

'

'

'

'

56,337

'

'

'

'

'

'

'

'

'

'

'

Cash Acquired Placed In Escrow

'

'

'

'

'

'

3,000

'

'

'

'

'

'

'

'

'

'

'

Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred

'

'

'

'

850

'

'

'

'

'

'

'

'

'

'

'

'

'

Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Working Capital

'

67

'

381

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Escrow Deposit Disbursements Related to Property Acquisition

1,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Escrow Deposits Disbursements, Funds Returned to Seller

200

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Escrow Deposits Disbursements, Funds Remaining

950

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash And Cash Equivalents

'

'

'

455

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accounts Receivable

'

'

'

9,195

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Inventory

'

'

'

2,711

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Prepaid Assets And Other

'

'

'

1,851

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Property, Plant, and Equipment

'

'

'

26,100

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Goodwill

'

'

'

5,492

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Intangibles

'

'

'

16,056

'

'

'

'

'

'

'

744

'

'

13,462

'

'

1,850

Other Non-Current Assets

'

'

'

67

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accounts payable and other

'

'

'

-5,537

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Goodwill Deductible for Tax Purposes

'

'

'

'

'

'

'

'

14,291

'

'

'

'

'

'

'

'

'

Intangibles Deductible for Tax Purposes

'

'

'

'

'

'

$16,056

'

'

'

'

'

'

'

'

'

'

'

Useful Life

'

'

'15 years

'

'

'

'

'15 years

'

'2 years

'2 years

'

'13 years

'13 years

'

'15 years

'15 years

'

Atlantic_Tool_Die_Alabama_Deta

Atlantic Tool & Die - Alabama (Details) (Anniston [Member], USD $)	11 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2013	Oct. 31, 2013	Dec. 13, 2012
Anniston [Member]	'	'	'
Business Acquisition [Line Items]	'	'	'
Net Assets and Liabilities Acquired	$6,347	'	'
Inventories and Other Assets Net of Employee Benefit Liabilities	'	'	1,214
Property, Plant, and Equipment	'	'	5,361
Bargain Purchase, Gain Recognized	'	$228	'

Acquisitions_Contech_Details

Acquisitions Contech (Details) (Contech [Member], USD $)	Aug. 02, 2013
In Thousands, unless otherwise specified
Contech [Member]	'
Business Acquisition [Line Items]	'
Net of Cash Acquired	$42,187
Cash Acquired Placed In Escrow	3,825
Accounts Receivable	2,126
Inventory	1,529
Prepaid Assets And Other	170
Property, Plant, and Equipment	39,956
Goodwill	1,276
Intangibles	2,898
Accounts payable and other	-5,768
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	$42,187

Acquisitions_Contech_Intangibl

Acquisitions Contech Intangibles (Details) (USD $)

3 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

In Thousands, unless otherwise specified

Oct. 31, 2013

Aug. 02, 2013

Oct. 31, 2013

Oct. 31, 2013

Aug. 02, 2013

Jul. 31, 2013

Aug. 02, 2013

Jan. 31, 2014

Oct. 31, 2013

Oct. 31, 2013

Aug. 02, 2013

Oct. 31, 2013

Oct. 31, 2013

Aug. 02, 2013

Contech [Member]

Contech [Member]

Developed Technology Rights [Member]

Developed Technology Rights [Member]

Developed Technology Rights [Member]

Goodwill [Member]

Goodwill [Member]

Trade Names [Member]

Trade Names [Member]

Trade Names [Member]

Trade Names [Member]

Trademarks [Member]

Trademarks [Member]

Trademarks [Member]

Contech [Member]

Contech [Member]

Contech [Member]

Contech [Member]

Contech [Member]

Contech [Member]

Contech [Member]

Contech [Member]

Contech [Member]

Contech [Member]

Contech [Member]

Business Acquisition [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Goodwill Deductible for Tax Purposes

'

'

'

'

'

'

$1,276

'

'

'

'

'

'

'

Useful Life

'15 years

'

'5 years

'5 years

'

'15 years

'

'15 years

'0 years 3 months

'0 years 3 months

'

'10 years

'10 years

'

Acquired Intangible Assets

'

2,898

'

'

'

'

'

'

'

'

'

'

'

'

Intangibles

'

$2,898

'

'

$2,707

'

'

'

'

'

$25

'

'

$166

Pleasant_Prairie_Pro_Forma_Res

Pleasant Prairie Pro Forma Results (Details) (Pleasant Prairie [Member], USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jan. 31, 2014	Jan. 31, 2013
Pleasant Prairie [Member]	'	'
Business Acquisition [Line Items]	'	'
Amortization of Intangible Assets	'	$383
Revenue	183,539	155,633
Net income	$4,939	$2,310
Basic earnings per share	$0.29	$0.14
Diluted earnings per share	$0.29	$0.14

Asset_Impairment_and_Recoverie1

Asset Impairment and Recoveries (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jan. 31, 2014	Jan. 31, 2013
Restructuring Cost and Reserve [Line Items]	'	'
Recovery of Impairment Charge	$1,120	$7
Mansfield Blanking Division [Member]	'	'
Restructuring Cost and Reserve [Line Items]	'	'
Recovery of Impairment Charge	$1,120	$7

Related_Party_Receivables_Deta

Related Party Receivables (Details) (USD $)	Jan. 31, 2014	Oct. 31, 2013
In Thousands, unless otherwise specified
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Related-party accounts receivable	$2,060	$673

Inventories_Details

Inventories (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jan. 31, 2014	Oct. 31, 2013
Inventory Disclosure [Abstract]	'	'
Raw Materials	$18,457	$16,827
Work-in-process	9,952	7,742
Finished goods	10,844	9,573
Total material	39,253	34,142
Tooling	9,392	8,782
Total inventory	48,645	42,924
Inventory Valuation Reserves	100	853
Tooling Inventory, Increase During Period	$610	'

Property_Plant_and_Equipment_D

Property, Plant and Equipment (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jan. 31, 2014	Jan. 31, 2013	Oct. 31, 2013
Property, Plant and Equipment [Line Items]	'	'	'
Land and improvements	$11,229	'	$11,050
Buildings and improvements	110,800	'	109,977
Machinery and equipment	415,477	'	411,847
Furniture and fixtures	11,722	'	11,568
Construction in Progress	27,211	'	28,982
Total, at cost	576,439	'	573,424
Less: Accumulated depreciation	378,604	'	375,550
Property, plant and equipment, net	197,835	'	197,874
Depreciation	$5,874	$4,140	'

Intangible_Assets_Details

Intangible Assets (Details) (USD $)

3 Months Ended

3 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

In Thousands, unless otherwise specified

Jan. 31, 2014

Jan. 31, 2013

Oct. 31, 2013

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Jul. 31, 2013

Oct. 31, 2013

Jan. 31, 2014

Oct. 31, 2013

Jan. 31, 2014

Oct. 31, 2013

Jan. 31, 2014

Oct. 31, 2013

Oct. 31, 2013

Oct. 31, 2013

Jan. 31, 2014

Oct. 31, 2013

Oct. 31, 2013

Jan. 31, 2014

Oct. 31, 2013

Oct. 31, 2013

Jan. 31, 2014

Trade Name, Finite Intangible Asset [Member]

Noncompete Agreements [Member]

Customer Relationships [Member]

Plesant Prairie [Member]

Plesant Prairie [Member]

Plesant Prairie [Member]

Plesant Prairie [Member]

Plesant Prairie [Member]

Plesant Prairie [Member]

Plesant Prairie [Member]

Contech [Member]

Contech [Member]

Contech [Member]

Contech [Member]

Contech [Member]

Contech [Member]

Contech [Member]

Contech [Member]

Contech [Member]

Contech [Member]

Trade Name, Finite Intangible Asset [Member]

Trade Name, Finite Intangible Asset [Member]

Noncompete Agreements [Member]

Noncompete Agreements [Member]

Customer Relationships [Member]

Customer Relationships [Member]

Trade Name, Finite Intangible Asset [Member]

Trade Name, Finite Intangible Asset [Member]

Trade Name, Finite Intangible Asset [Member]

Trademarks [Member]

Trademarks [Member]

Trademarks [Member]

Developed Technology Rights [Member]

Developed Technology Rights [Member]

Developed Technology Rights [Member]

Finite-Lived Intangible Assets [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Useful Life

'

'

'

'15 years

'2 years

'13 years

'15 years

'15 years

'

'2 years

'

'13 years

'

'15 years

'0 years 3 months

'0 years 3 months

'

'10 years

'10 years

'

'5 years

'5 years

'

Cost

$18,954

'

$18,954

'

'

'

'

$1,850

$1,850

$744

$744

$13,462

$13,462

'

$25

$25

$25

$166

$166

$166

$2,707

$2,707

$2,707

Accumulated Amortization

-1,894

'

-1,349

'

'

'

'

-103

-134

-310

-403

-771

-1,053

'

-25

-25

-25

-4

-4

-8

-136

-136

-271

Net

17,060

'

17,605

'

'

'

'

1,747

1,716

434

341

12,691

12,409

'

0

0

0

162

162

158

2,571

2,571

2,436

Amortization of Intangible Assets

$545

$112

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Schedule_of_Amortization_Expen

Schedule of Amortization Expense Next 5 Years (Details) (USD $)	Jan. 31, 2014
In Thousands, unless otherwise specified
Finite-Lived Intangible Assets [Line Items]	'
Remainder of 2014	$1,635
2015	1,779
2016	1,717
2017	1,717
2018	1,582
Thereafter	8,630
Future Amortization	$17,060

Financing_Balances_at_Period_E

Financing Balances at Period End (Details) (USD $)	Jan. 31, 2014	Oct. 31, 2013
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Line of Credit Facility, Interest Rate at Period End:	1.89%	1.95%
Total Debt	$117,497	$120,266
Debt, Current	771	882
Long-term debt	116,726	119,384
Insurance Financing Agreement [Member]	'	'
Debt Instrument [Line Items]	'	'
Short-term Debt	203	405
Revolving Credit Facility [Member]	'	'
Debt Instrument [Line Items]	'	'
Long-term Debt	114,500	117,400
Notes Payable to Banks [Member]	'	'
Debt Instrument [Line Items]	'	'
Long-term Debt	2,343	2,461
Long-term debt	1,863	'
Capital Lease Obligations [Member]	'	'
Debt Instrument [Line Items]	'	'
Long-term Debt	451	0
Long-term debt	$363	'

Financing_Arrangements_Financi

Financing Arrangements Financing Arrangements (Details) (USD $)

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

Jan. 31, 2014

Jan. 31, 2013

Oct. 31, 2013

Dec. 30, 2013

Oct. 31, 2013

Oct. 25, 2013

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Oct. 31, 2013

Jan. 31, 2014

Oct. 31, 2013

Jan. 31, 2014

Oct. 31, 2013

Dec. 30, 2013

Lender Group Two [Member]

Lender Group Two [Member]

Lender Group Two [Member]

Prime Rate [Member]

Eurodollar [Member]

Minimum [Member]

Maximum [Member]

Insurance Financing Agreement [Member]

Insurance Financing Agreement [Member]

Notes Payable to Banks [Member]

Notes Payable to Banks [Member]

Capital Lease Obligations [Member]

Capital Lease Obligations [Member]

GEORGIA

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Lender Group Two [Member]

Lender Group Two [Member]

Lender Group Two [Member]

Lender Group Two [Member]

Lender Group Two [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Interest Rate During Period

1.95%

1.91%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Document Period End Date

31-Jan-14

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Maximum Borrowing Capacity

'

'

'

'

'

$300,000,000

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Increase Maximum

'

'

'

'

'

100,000,000

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Basis Spread on Variable Rate

'

'

'

'

'

'

0.50%

1.00%

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Commitment Fee Percentage

'

'

'

'

'

'

'

'

0.20%

0.35%

'

'

'

'

'

'

'

Special Assessment Bond

'

'

'

30,000,000

'

'

'

'

'

'

'

'

'

'

'

'

8,000,000

Letters of Credit Outstanding, Amount

'

'

2,441,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Remaining Borrowing Capacity

'

'

'

'

183,059,000

'

'

'

'

'

'

'

'

'

'

'

'

Collateral Agreement

65.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Interest Rate, Stated Percentage

'

'

'

'

'

'

'

'

'

'

2.15%

'

2.47%

'

3.05%

'

'

Debt Instrument, Down Payment

186,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Periodic Payment

'

'

'

'

'

'

'

'

'

'

68,000

'

44,000

'

8,000

'

'

Short-term Debt

'

'

'

'

'

'

'

'

'

'

203,000

405,000

'

'

'

'

'

Long-term Debt

'

'

'

'

'

'

'

'

'

'

'

'

2,343,000

2,461,000

451,000

0

'

Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months

'

'

'

'

'

'

'

'

'

'

'

'

480,000

'

88,000

'

'

Long-term Debt, Excluding Current Maturities

$116,726,000

'

$119,384,000

'

'

'

'

'

'

'

'

'

$1,863,000

'

$363,000

'

'

Schedule_of_Debt_Maturities_De

Schedule of Debt Maturities (Details) (USD $)	Jan. 31, 2014	Oct. 31, 2013
In Thousands, unless otherwise specified
2014 Total	$771	'
2015	583	'
2016	598	'
2017	613	'
2018	114,932	'
Total Debt	117,497	120,266
Revolving Credit Facility [Member]	'	'
2014 Long-Term Debt	0	'
2015	0	'
2016	0	'
2017	0	'
2018	114,500	'
Long-term Debt	114,500	117,400
Notes Payable to Banks [Member]	'	'
2014 Long-Term Debt	480	'
2015	492	'
2016	504	'
2017	516	'
2018	351	'
Long-term Debt	2,343	2,461
Capital Lease Obligations [Member]	'	'
2014 Long-Term Debt	88	'
2015	91	'
2016	94	'
2017	97	'
2018	81	'
Long-term Debt	451	0
Insurance Financing Agreement [Member]	'	'
2014 Short-term Debt	203	'
Short-term Debt	$203	$405

Components_of_Net_Periodic_Ben1

Components of Net Periodic Benefit Cost (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Jan. 31, 2014	Jan. 31, 2013
Defined Benefit Plan Disclosure [Line Items]	'	'
Pension Contributions	$952	'
Estimated Future Employer Contributions in Next Fiscal Year	3,425	'
United States Pension Plans of US Entity, Defined Benefit [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Interest cost	937	815
Expected return on plan assets	-1,070	-934
Recognized net actuarial net loss	269	348
Net periodic benefit cost	136	229
United States Postretirement Benefit Plans of US Entity, Defined Benefit [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Interest cost	10	8
Expected return on plan assets	0	0
Recognized net actuarial net loss	10	12
Net periodic benefit cost	$20	$20

Weighted_Average_Assumptions_f

Weighted Average Assumptions for Grants (Details) (USD $)	3 Months Ended
	Jan. 31, 2014
Class of Stock [Line Items]	'
Number of Shares Available for Grant	2,700,000
Maximum Number of Shares Per Employee	500,000
Restricted Stock [Member]	'
Class of Stock [Line Items]	'
Granted	67,000
Grant Date Fair Value	20.64

Stock_Option_Activity_Details

Stock Option Activity (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Jan. 31, 2014	Jan. 31, 2013
Number of Shares	'	'
Options, Outstanding Beginning of Period	236,134	362,085
Granted	0	0
Exercised	-33,468	-13,667
Canceled	-8,333	-6,500
Options, Outstanding End of Period	194,333	341,918
Options, Exercisable, End of Period	184,666	267,585
Weighted-Average Exercise Price	'	'
Options, Outstanding, Beginning of Period, Weighted Average Exercise Price Per Share	$9.93	$9.99
Granted, Weighted Average Exercise Price Per Share	$0	$0
Exercised, Weighted Average Exercise Price Per Share	$9.18	$5.58
Canceled, Weighted Average Exercise Price Per Share	$8.10	$7.45
Options, Outstanding, End of Period, Weighted Average Exercise Price Per Share	$10.13	$10.21
Options, Exercisable, Weighted Average Exercise Price Per Share	$10.24	$10.20
Options Outstanding, Weighted Average Remaining Contractual Term	'5 years 8 months 5 days	'6 years 6 months 16 days
Options Outstanding, Intrinsic Value	$962	$734
Options Exercisable, Weighted Average Remaining Contractual Term	'5 years 6 months 23 days	'6 years 1 month 1 day
Options Exercisable, Intrinsic Value	$894	$621

Narrative_Details

Narrative (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Jan. 31, 2014	Jan. 31, 2013
Class of Stock [Line Items]	'	'
Compensation Expense Recognized	$83	$114
Decrease in Basic and Diluted Earnings Per Share	$0	$0.01
Compensation Cost, Nonvested Awards, Not yet Recognized	67	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	118,572	329,906
Restricted Stock [Member]	'	'
Class of Stock [Line Items]	'	'
Compensation Expense Recognized	67	73
Compensation Cost, Nonvested Awards, Not yet Recognized	$339	'

Reconciliation_of_Numerator_an

Reconciliation of Numerator and Denominator of the basic and diluted earnings per share computation (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jan. 31, 2014	Jan. 31, 2013
Equity [Abstract]	'	'
Net income	$4,939	$2,583
Basic weighted average shares	17,113	16,988
Effect of dilutive securities:	'	'
Stock options	95	52
Diluted weighted average shares	17,208	17,040
Basic earnings per share	$0.29	$0.15
Diluted earnings per share	$0.29	$0.15
Comprehensive income	4,531	2,583
Adjustment to estimated deferred taxes associated with pension adjustments included in accumulated other comprehensive income	$249	$0