Shiloh Industries (SHLO) 10-Q/A 14 Sep 15 2015 Q1 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jan. 31, 2015	Mar. 10, 2015
Entity Listings [Line Items]
Entity Registrant Name	SHILOH INDUSTRIES INC
Entity Central Index Key	904,979
Current Fiscal Year End Date	--10-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Jan. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q1
Amendment Flag	true
Amendment Description	We are filing this Amendment No. 1 on Form 10-Q/A (the "Amended Filing") to our Quarterly Report on Form 10-Q (the "Original Filing") for the quarterly period ended January 31, 2015, originally filed with the Securities and Exchange Commission ("SEC") on March 11, 2015 (the "Original Filing").
Entity Common Stock, Shares Outstanding		17,220,284
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - Scenario, Unspecified [Domain] - USD ($) $ in Thousands	Jan. 31, 2015	Oct. 31, 2014
ASSETS
Cash and cash equivalents	$ 7,049	$ 12,014
Investment in marketable securities	794	1,045
Accounts receivable, net of allowance for doubtful accounts of $609 and $601 at January 31, 2015 and October 31, 2014, respectively	155,727	171,242
Related-party accounts receivable	966	533
Prepaid Taxes	2,019	2,142
Inventories, net	96,459	91,303
Deferred income taxes	3,501	3,496
Prepaid expenses	11,319	11,987
Total current assets	277,834	293,762
Property, plant and equipment, net	278,230	274,828
Goodwill	29,842	30,887
Intangible assets, net	21,265	21,998
Deferred income taxes	3,545	2,605
Other assets	4,875	5,445
Total assets	615,591	629,525
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current debt	1,601	1,918
Accounts payable	143,128	146,478
Other accrued expenses	32,435	41,336
Total current liabilities	177,164	189,732
Long-term Debt	271,594	268,102
Long-term benefit liabilities	25,867	19,951
Deferred income taxes	0	2,739
Interest rate swap agreement	4,930	2,510
Other liabilities	2,022	1,972
Total liabilities	$ 481,577	$ 485,006
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $.01 per share; 5,000,000 shares authorized; no shares issued and outstanding at January 31, 2015 and October 31, 2014, respectively	$ 0	$ 0
Common stock, par value $.01 per share; 25,000,000 shares authorized; 17,217,284 and 17,214,284 shares issued and outstanding at January 31, 2015 and October 31, 2014, respectively	172	172
Paid-in capital	68,351	68,035
Retained earnings	115,636	113,193
Accumulated other comprehensive loss: Pension related liability, net	(50,145)	(36,881)
Total stockholders’ equity	134,014	144,519
Total liabilities and stockholders’ equity	$ 615,591	$ 629,525

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets - Parentheticals - USD ($) $ in Thousands	Jan. 31, 2015	Oct. 31, 2014
Allowance for Doubtful Accounts Receivable, Current	$ 609	$ 601
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	17,217,284	17,214,284
Common Stock, Shares, Outstanding	17,217,284	17,214,284
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 Statemen

Condensed Consolidated Statements of Income - Scenario, Unspecified [Domain] - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Revenue, Net	$ 256,909	$ 183,539
Cost of sales	238,232	165,693
Gross profit	18,677	17,846
Selling, general and administrative expenses	13,615	10,400
Amortization of Intangible Assets, Net of Translation adjustments	632	545
Asset recovery	0	(1,120)
Operating income	4,430	8,021
Interest expense	1,762	886
Interest Income	(7)	(3)
Other (income) expense	(395)	18
Income before income taxes	3,070	7,120
Provision for income taxes	627	2,181
Net income	$ 2,443	$ 4,939
Earnings per share:
Basic earnings per share	$ 0.14	$ 0.29
Basic weighted average number of common shares	17,215	17,113
Diluted earnings per share	$ 0.14	$ 0.29
Diluted weighted average number of common shares	17,255	17,208

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 2,443	$ 4,939
Recognized gain	296	269
Actuarial net loss	(6,156)	(540)
Asset net loss	(846)	(386)
Income tax benefit on pension plans & other postretirement benefits	2,537	249
Total defined benefit pension plans & other post retirement benefits	(4,169)	(408)
Unrealized loss on marketable securities	(251)	0
Income tax benefit on marketable securities	88	0
Total marketable securities, net of tax	(163)	0
Unrealized loss on interest rate swap agreements	(2,420)	0
Income tax benefit on interest rate swap agreements	916	0
Change in fair value of derivative instruments, net of tax	(1,504)	0
Unrealized loss on foreign currency translation	(7,428)	0
Comprehensive income (loss), net	$ (10,821)	$ 4,531

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - Scenario, Unspecified [Domain] - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 2,443	$ 4,939
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	8,732	6,419
Asset recovery	0	(1,120)
Amortization of deferred financing costs	149	261
Deferred income taxes	(104)	0
Stock-based compensation expense	199	150
Gain on sale of assets	(24)	(127)
Changes in operating assets and liabilities:
Accounts receivable	14,088	16,473
Inventories	(5,962)	(5,721)
Prepaids and other assets	923	(734)
Payables and other liabilities	(18,020)	(14,508)
Accrued income taxes	123	(136)
Net cash provided by operating activities	2,547	5,896
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(10,878)	(3,781)
Proceeds from sale of assets	72	1,253
Net cash used for investing activities	(10,806)	(2,528)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of capital lease	(207)	(16)
Proceeds from long-term borrowings	21,100	2,600
Repayments of long-term borrowings	(16,921)	(5,618)
Payment of deferred financing costs	0	(16)
Proceeds from exercise of stock options	52	307
Net cash provided by (used for) financing activities	4,024	(2,743)
Effect of Exchange Rate on Cash and Cash Equivalents	(730)	0
Net increase (decrease) in cash and cash equivalents	(4,965)	625
Cash and cash equivalents at beginning of period	12,014	398
Cash and cash equivalents at end of period	7,049	1,023
Supplemental Cash Flow Information:
Cash paid for interest	2,007	772
Cash paid for income taxes	301	2,168
Non-cash Investing and Financing Activities:
Equipment acquired under capital lease	0	467
Capital equipment included in accounts payable	$ 3,869	$ 3,781

Basis of Presentation

Basis of Presentation	3 Months Ended
	Jan. 31, 2015
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 the Company and its subsidiaries, 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, 2014 . Revenues and operating results for the three months ended January 31, 2015 are not necessarily indicative of the results to be expected for the full year.

New Accounting Standards

New Accounting Standards	3 Months Ended
	Jan. 31, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	—New Accounting Standards In August 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-15, "Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern," which is intended to define a company's responsibility to evaluate whether there is substantial doubt about its ability to continue as a going concern and to provide related footnote disclosures. This ASU will be effective for the Company beginning November 1, 2017. The Company will prospectively apply the guidance to applicable transactions. In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers," which clarifies existing accounting literature relating to how and when a company recognizes revenue. Under ASU 2014-09, a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods and services. ASU 2014-09 will be effective for the Company's second quarter beginning February 1, 2017. The Company is in the process of determining what impact, if any, the adoption of this ASU will have on its financial position, results of operations and cash flows. In April 2014, the FASB issued ASU 2014-08, "Presentation of Financial Statements and Property, Plant, and Equipment — Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity,'' which revises what qualifies as a discontinued operation, changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. This ASU will be effective for the Company for applicable transactions occurring after January 31, 2016 for fiscal year ending 2016. The Company will prospectively apply the guidance to applicable transactions. In July 2013, the FASB issued ASU 2013-11, "Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carry-forward, a Similar Tax Loss, or a Tax Credit Carry-forward Exists," which defines the presentation requirements of an unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements. The new guidance was effective for the Company beginning November 1, 2014. The adoption of this guidance does not have a material impact on the Company’s condensed consolidated financial statements In March 2013, the FASB issued ASU 2013-05, "Foreign Currency Matters," which provides guidance on a parent’s accounting for the cumulative translation adjustment upon de-recognition of a subsidiary or group of assets within a foreign entity. This new guidance requires that the parent release any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. The new guidance was effective for the Company beginning November 1, 2014. The adoption of this guidance does not have a material impact on the Company’s condensed consolidated financial statements

Acquisitions

Acquisitions	3 Months Ended
	Jan. 31, 2015
Acquisitions [Abstract]
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	—Acquisitions Radar Industries, Inc. On September 30, 2014, the Company, through a wholly-owned subsidiary, consummated the transactions contemplated by the Asset Purchase Agreement, dated September 30, 2014 (the "Radar Agreement"), with Radar Industries, Inc., and Radar Mexican Investments, LLC which produce engineered metal stampings and machined parts for the motor vehicle industry. The Company acquired Radar in order to further its investment in stamping technologies and expand the diversity of its customer base, product offering and geographic footprint. Radar'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 $57,874 ( $57,799 net of cash acquired) in cash on the date of acquisition. Of this amount, $6,500 in cash was placed into escrow, and will serve as security for any indemnification claims made by the Company under the Radar Agreement. The acquisition of Radar Industries Inc. 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: Cash and cash equivalents $ 75 Accounts receivable 14,374 Inventory 15,630 Prepaid assets and other 95 Property, plant and equipment 26,612 Goodwill 13,753 Intangible assets 5,620 Accounts payable and other (18,285 ) Net assets acquired $ 57,874 The purchase price allocation is provisional, pending completion of the valuation of acquired 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 inventory, property, plant and equipment, intangible assets and goodwill. 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 Radar. All of the goodwill was allocated to a wholly owned subsidiary of the Company. The total amount of goodwill expected to be deductible for tax purposes is $31,136 and is estimated to be deductible over approximately 15 years. Of the $5,620 of acquired intangible assets, $3,320 was assigned to customers that have a useful life of approximately 14 years , and $2,300 was assigned to developed technologies with an estimated useful life of approximately 10 years . The Company utilized a third party to assist in assigning a fair value to acquired assets. The total amount of identifiable intangible assets expected to be deductible for tax purposes is $5,620 and is estimated to be deductible over approximately 15 years. Finnveden Metal Structures On June 30, 2014, Shiloh Holdings Sweden AB, a wholly-owned subsidiary of the Company, entered into and consummated the transactions contemplated by the Share Sale and Purchase Agreement dated May 21, 2014 with FinnvedenBultenAB and Finnveden AB ("Finnveden"), a wholly-owned subsidiary of FinnvedenBulten AB, a producer of aluminum and steel stampings and magnesium die cast and machined parts for the motor vehicle industry. The Company acquired Finnveden in order to expand its stamping capabilities while adding magnesium die casting to its product line, a key growth segment, and technology being used to address the lightweighting needs of automakers. Additionally, the Finnveden acquisition adds strategic European locations in Sweden and Poland while diversifying its customer base. Finnveden'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 FMS Agreement was $72,618 , ( $66,396 net of cash acquired), in cash on the date of acquisition. The acquisition of Finnveden has been accounted for using the acquisition method in accordance with 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 were 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: Cash and cash equivalents $ 6,222 Accounts receivable 29,744 Inventory 26,858 Prepaid expenses 3,681 Property, plant and equipment 35,408 Goodwill 7,804 Intangible assets 1,136 Other non-current assets 3,830 Accounts payable and other (36,416 ) Long term liabilities (5,649 ) Net assets acquired $ 72,618 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 inventory, 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 expected synergies after the Company's acquisition of Finnveden. All of the goodwill was allocated to a wholly owned subsidiary of the Company. The Company does not expect that the amount of goodwill will be deductible for tax purposes under current Polish or Swedish tax law. The $1,136 of acquired intangible assets was assigned to customers that have a useful life of approximately 10 years . The fair value assigned to identifiable intangible assets acquired have 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 is utilizing a third party to assist in assigning a fair value to acquired intangible assets. The Company does not expect that the total amount of identifiable intangible assets will be deductible for tax purposes under current Polish or Swedish tax law. Contech Castings, LLC In the first quarter of 2015 , the remaining escrow balance of $438 was settled. A Michigan tax liability of $307 was paid and $131 was returned to the sellers. Pro Forma Consolidated Results The following supplemental pro forma information presents the actual financial results for the three months ended January 31, 2015 , and pro forma financial results for the three months ended January 31, 2014 as if the acquisitions of Radar Industries, Inc. and Finnveden had occurred on November 1, 2013. The pro forma results do not include any anticipated cost synergies, costs or other effects of the integration of Radar Industries, Inc. and Finnveden. Accordingly, such pro forma amounts are not necessarily indicative of the results that actually would have occurred had the acquisitions 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 $141 for the three months ended January 31, 2015 . Pro forma consolidated results Three months ended January 31, (in thousands, except for per share data): 2015 2014 As Restated Revenue $ 256,909 $ 275,476 Net income $ 2,443 $ 6,190 Basic earnings per share $0.14 $0.36 Diluted earnings per share $0.14 $0.36

Asset Impairment and Recoveries

Asset Impairment and Recoveries	3 Months Ended
	Jan. 31, 2015
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	Asset Recoveries Asset recoveries of $1,120 were recorded during the first three months of 2014 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, 2015
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, 2015 and October 31, 2014 of $966 and $533 , respectively, due from MTD Products Inc. and its affiliates. On March 11, 2014, the Company entered into a manufacturing agreement with Velocys, plc (LSE:VLS). As part of the agreement, the Company invested $2,000 , which is comprised of Velocys stock with a market value of $1,527 on the date of acquisition and a premium paid of $473 , which is being amortized over the remaining life of the related supplier agreement. The Company re-measures available-for-sale securities at fair value and records the unrealized gain or loss in other comprehensive income until realized. A cumulative market-to-market unfavorable adjustment of $163 , net of tax, was recorded as a loss to other comprehensive income for the three months ended January 31, 2015 .

Inventories

Inventories	3 Months Ended
	Jan. 31, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Inventories Inventories consist of the following: January 31, 2015 October 31, 2014 As Restated Raw materials $ 37,086 $ 36,417 Work-in-process 14,352 12,044 Finished goods 15,081 13,382 Total material 66,519 61,843 Tooling 29,940 29,460 Total inventory $ 96,459 $ 91,303 Total cost of inventory is net of reserves to reduce certain inventory from cost to net realizable value. Such reserves aggregated $5,764 and $5,928 at January 31, 2015 and October 31, 2014 , respectively.

Property, Plant and Equipment

Property, Plant and Equipment	3 Months Ended
	Jan. 31, 2015
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, As Restated Land and improvements $ 11,489 $ 11,452 Buildings and improvements 117,880 117,776 Machinery and equipment 458,415 455,482 Furniture and fixtures 11,310 11,161 Construction in progress 60,089 52,345 Total, at cost 659,183 648,216 Less: Accumulated depreciation 380,953 373,388 Property, plant and equipment, net $ 278,230 $ 274,828 Depreciation expense was $8,100 and $5,874 for the three months ended January 31, 2015 and January 31, 2014 , respectively. Capital Leases: January 31, 2015 October 31, Leased Property: Machinery and equipment $ 7,074 $ 7,639 Less: Accumulated depreciation 550 367 Leased property, net $ 6,524 $ 7,272 The decrease in machinery and equipment of $565 is due to the foreign currency translation at January 31, 2015 at one of the Company's European manufacturing facilities. Future minimum rental payments to be made under capital leases at January 31, 2015 are as follows: Twelve Months Ending January 31, 2015 $ 1,034 2016 1,034 2017 1,034 2018 1,017 2019 641 Thereafter 2,241 7,001 Less amount representing interest ranging from 3.05% to 3.77% 754 Total obligations under capital leases $ 6,247

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Jan. 31, 2015
Intangible Assets [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	Goodwill: The changes in the carrying amount of goodwill for the three months January 31, 2015 are as follow: Balance October 31, 2014 $ 30,887 Foreign currency translation and other (1,045 ) Balance January 31, 2015 $ 29,842 Intangible Assets The changes in the carrying amount of finite intangible assets for the three months January 31, 2015 are as follows : Customer Relationships Developed Technology Non-Compete Trade Name Trademark Total Balance October 31, 2014 15,856 4,311 62 1,624 145 21,998 Amortization expense (342 ) (193 ) (62 ) (31 ) (4 ) (632 ) Foreign currency translation and other (101 ) — — — — (101 ) Balance January 31, 2015 $ 15,413 $ 4,118 $ — $ 1,593 $ 141 $ 21,265 Intangible assets are amortized on the straight-line method over their legal or estimated useful lives. The following summarizes the gross carrying value and accumulated amortization for each major class of intangible assets: Cost Accumulated Amortization Foreign Currency Adjustment Net Customer relationships 17,918 (2,296 ) (209 ) 15,413 Developed technology 5,007 (889 ) — 4,118 Non-compete 744 (744 ) — — Trade Name 1,875 (282 ) — 1,593 Trademark 166 (25 ) — 141 $ 25,710 $ (4,236 ) $ (209 ) $ 21,265 Total amortization expense was $632 and $545 for the three months ended January 31, 2015 and January 31, 2014 , respectively. Amortization expense related to intangible assets for the fiscal years ending is estimated to be as follows: Twelve Months Ending January 31, 2016 $ 2,276 2017 2,276 2018 2,242 2019 2,039 2020 1,735 Thereafter 10,697 $ 21,265

Financing Arrangements

Financing Arrangements	3 Months Ended
	Jan. 31, 2015
Debt Disclosure [Abstract]
Financing Arrangements [Text Block]	Financing Arrangements Debt consists of the following: January 31, 2015 October 31, 2014 Credit Agreement —interest rate of 2.15% for both periods ended January 31, 2015 and October 31, 2014 $ 264,800 $ 260,500 Equipment security note 1,863 1,985 Capital lease obligations 6,247 6,967 Insurance broker financing agreement 285 568 Total debt 273,195 270,020 Less: Current debt 1,601 1,918 Total long-term debt $ 271,594 $ 268,102 The weighted average interest rate of all debt was 2.23% and 2.08% for the three months ended January 31, 2015 and January 31, 2014 , respectively. The Company and its subsidiaries are party to a Credit Agreement, dated October 25, 2013, as amended (the "Credit Agreement") with Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer, JPMorgan Chase Bank, N.A. as Syndication Agent, 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 Citizens Bank, N.A., as Co-Documentation Agents, and the other lender parties thereto. On September 29, 2014, the Company executed a third amendment to the Credit Agreement that extends the commitment period to September 29, 2019 and increases the Company's revolving line of credit to $360,000 , which may be increased up to an additional $100,000 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. The revolving line of credit is comprised of two aggregate revolving commitments. Aggregate Revolving A commitments, for U.S. borrowings, in an amount up to $235,000 and aggregate Revolving B commitments, for Dutch borrowings, in an amount up to $125,000 . Additionally, this amendment increased the permitted leverage ratio from 3.25 to 3.50 in certain circumstances for a limited period of time following a material acquisition. Borrowings under the Credit Agreement bear interest, at the Company's option, at LIBOR or the base (or "prime") rate established from time to time by the administrative agent, in each case plus an applicable margin. The Third Amendment provides for an interest rate margin on LIBOR loans of 2.0% and a 1.0% on base rate loans through January 31, 2015. Thereafter, the interest rate margin on LIBOR loans will be 1.5% to 2.5% and on base rate loans will be 0.25% to 1.5% , depending on the Company's leverage ratio. 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, 2015 , and October 31, 2014 . After considering letters of credit of $2,980 that the Company has issued, available funds under the Credit Agreement were $92,220 at January 31, 2015 . Borrowings under the Credit 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. Other Debt: In July 2014, the Company entered into a finance agreement with an insurance broker for various insurance policies that bears interest at a fixed rate of 1.87% and requires monthly payments of $95 through April 2015 . As of January 31, 2015 , $285 remained outstanding under this agreement and was classified as current debt in the Company’s condensed consolidated balance sheets. 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, 2015 , $1,863 remained outstanding under this agreement and $492 was classified as current debt and $1,371 was classified as long term debt in the Company’s condensed consolidated balance sheets. The Company maintains capital leases for equipment used in its manufacturing facilities with lease terms expiring between 2018 and 2020. As of January 31, 2015 , the present value of minimum lease payments under its capital leases amounted to $6,247 . Derivatives: On February 25, 2014, the Company entered into an interest rate swap with an aggregate notional amount of $75,000 designated as a cash flow hedge of a portion of the Company's Credit Agreement to manage interest rate exposure on the Company’s floating rate LIBOR based debt. The interest rate swap is an agreement to exchange payment streams based on the notional principal amount. This agreement fixes the Company’s future interest payments at 2.74% plus the applicable rate (defined above), on an amount of the Company’s debt principal equal to the then-outstanding swap notional amount. The forward interest rate swap commences on March 1, 2015 with an initial $25,000 base notional with $25,000 increases to the base notional amount on September 1, 2015 and March 1, 2016, respectively. The base notional amount plus each incremental addition to the base notional amount have a five year maturity of February 29, 2020, August 31, 2020 and February 28, 2021, respectively. On the date the interest swap was entered into, the Company designated the interest rate swap as a hedge of the variability of cash flows to be paid relative to its variable rate monies borrowed. Any ineffectiveness in the hedging relationship is recognized immediately into earnings. For the three months ended January 31, 2015 , the Company determined the mark-to-market adjustment for the interest rate swap to be a liability of $1,504 , net of tax, which is reflected in other comprehensive income. The first base notional amount of $25,000 is set to commence on March 1, 2015 at which time any cash flow hedge settlements will be classified as interest expense. At this time, the Company does not believe the amount will have a material impact. Scheduled repayments under the terms of the Credit Agreement plus repayments of other debt are listed below: Twelve Months Ending January 31, Credit Agreement Equipment Security Note Capital Lease Obligations Other Debt Total 2016 $ — $ 492 $ 824 $ 285 $ 1,601 2017 — 504 869 — 1,373 2018 — 516 902 — 1,418 2019 — 351 921 — 1,272 2020 264,800 — 528 — 265,328 Thereafter — — 2,203 2,203 Total $ 264,800 $ 1,863 $ 6,247 $ 285 $ 273,195

Pension and Other Post-Retireme

Pension and Other Post-Retirement Benefit Matters	3 Months Ended
	Jan. 31, 2015
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 U.S. Plans The components of net periodic benefit cost for the three months ended January 31, 2015 and 2014 are as follows: Pension Benefits Other Post-Retirement Benefits Three months ended January 31, Three months ended January 31, 2015 2014 2015 2014 Interest cost $ 866 $ 937 $ 6 $ 10 Expected return on plan assets (1,174 ) (1,070 ) — — Recognized net actuarial loss 297 269 7 10 Net periodic (benefit) cost $ (11 ) $ 136 $ 13 $ 20 The Company made contributions of $920 and $952 to the defined benefit pension plans during the three months ended January 31, 2015 and 2014 . The Company expects contributions to be $3,550 for the remainder of fiscal 2015 . Non-U.S. Plans For the Company's Swedish operations, the majority of the pension obligations are covered by insurance policies with insurance companies. Pension commitments in the Company's Polish operations were approximately $510 at the end of fiscal 2014. The Company did not recognize any material changes during the first quarter of fiscal 2015. The liability of these comprise the present value of future obligations and is calculated on actuarial basis.

Equity Matters

Equity Matters	3 Months Ended
	Jan. 31, 2015
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	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 (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. The vesting period of the restricted stock awards range between six months and four years. Incentive stock options were not granted in fiscal 2014 or during the first three months of fiscal 2015 . During fiscal 2014, 89,500 shares of restricted stock were granted to several employees as incentives for future performance. Restricted stock was not granted during the first three months of fiscal 2015 . The market value of the Company's stock on the date of awards ranged between $14.97 and $20.64 . At January 31, 2015 , 98,882 shares of restricted stock were outstanding. During the fiscal quarter ended January 31, 2015 , 15,000 shares of restricted stock vested and 3,000 shares were forfeited. Activity in the Company’s incentive plan for the three months ended January 31, 2015 and 2014 was as follows: Number of Shares Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value 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 Options outstanding at November 1, 2014 123,333 $9.69 Options: Granted — $0.00 Exercised (6,000 ) $8.67 Canceled — $0.00 Outstanding at January 31, 2015 117,333 $9.74 4.88 $337 Options exercisable at January 31, 2015 117,333 $9.74 4.88 $337 At both January 31, 2015 and January 31, 2014, the exercise price of some of the Company’s stock option grants was higher than the market value of the Company’s stock. The stock option grants whose exercise price is higher that the market value of the Company's stock 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, 2015 the Company recorded compensation expense related to stock options currently vesting, effectively reducing income before taxes by $15 . For the three months ended January 31, 2014 , the Company recorded compensation expense related to stock options currently vesting, effectively reducing income before taxes by $83 . For the three months ended January 31, 2015 and for the three months ended January 31, 2014 , there was no impact on earnings per share basic and diluted related to the stock option compensation expense. All compensation cost related to stock options has been recognized as all stock options are fully vested. For the three months ended January 31, 2015 and 2014 , the total compensation cost related to the restricted stock currently vested was $184 and $67 , respectively. The total estimated compensation cost related to the non-vested restricted stock is $1,337 , which will be expensed through June of 2018. 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 Amended and Restated 1993 Key Employee Stock Incentive Program are included in the diluted earnings per share calculation to the extent they are dilutive. For the three months ended January 31, 2015 and 2014 , approximately 100,000 and 119,000 stock awards, respectively, 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, 2015 2014 (As Restated) Net income available to common stockholders $ 2,443 $ 4,939 Basic weighted average shares 17,215 17,113 Effect of dilutive securities: Stock options 40 95 Diluted weighted average shares 17,255 17,208 Basic income per share $ 0.14 $ 0.29 Diluted income per share $ 0.14 $ 0.29

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Jan. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Fair Value of Financial Instruments The methods used by the Company may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. Assets and liabilities remeasured and disclosed at fair value on a recurring basis at January 31, 2015 and October 31, 2014 are set forth in the table below: Asset (Liability) Level 2 Valuation Technique October 31, 2014: Interest Rate Swap Contracts $ (2,510 ) $ (2,510 ) Income Approach January 31, 2015: Interest Rate Swap Contracts $ (4,930 ) $ (4,930 ) Income Approach The Company calculates the fair value of its interest rate swap contracts, using quoted interest rate curves, to calculate forward values, and then discounts the forward values. The discount rates for all derivative contracts are based on quoted swap interest rates or bank deposit rates. For contracts which, when aggregated by counterparty, are in a liability position, the rates are adjusted by the credit spread that market participants would apply if buying these contracts from the Company’s counterparties.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Jan. 31, 2015
Accumulated Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Loss [Text Block]	Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss in stockholders' equity by component for the three months ended January 31, 2015 and 2014 are as follows: Pension and Post Retirement Plan Liability Marketable Securities Adjustment Interest Rate Swap Adjustment Foreign Currency Translation Adjustment Accumulated Other Comprehensive Loss Balance at October 31, 2014 $ (27,371 ) $ 100 $ (1,558 ) $ (8,052 ) $ (36,881 ) Other comprehensive loss (4,169 ) (163 ) (1,504 ) (7,428 ) (13,264 ) Balance at January 31, 2015 $ (31,540 ) $ (63 ) $ (3,062 ) $ (15,480 ) $ (50,145 ) Pension and Post Retirement Plan Liability Marketable Securities Adjustment Interest Rate Swap Adjustment Foreign Currency Translation Adjustment Accumulated Other Comprehensive Loss Balance at October 31, 2013 $ (26,082 ) $ — $ — $ — $ (26,082 ) Other comprehensive loss (408 ) — — — (408 ) Balance at January 31, 2014 $ (26,490 ) $ — $ — $ — $ (26,490 ) The following table reflects the changes in accumulated other comprehensive income related to the Company for January 31, 2015 : For the three months ended January 31, Affected line item in the Statement Where Net Income Presented 2015 2014 Income Presented Pension and Post-Retirement Plan Benefits Interest costs $ 866 $ 937 Selling, general and administrative expenses ("SG&A") (1) Return on plan assets (1,174 ) (1,070 ) SG&A (1) Net actuarial loss 297 269 SG&A (1) (11 ) 136 Total before taxes 4 52 Income tax benefit Total reclassifications $ (7 ) $ 188 Net of taxes (1) These accumulated other comprehensive income components are included in the computation of net periodic benefit cost. See Note 10- Employee Benefit Plans for further information. For the first three months ended January 31, 2015, the Company recorded a net increase to the unfunded pension liability of approximately $4,169 . The net increase was primarily due to a decrease in the discount rate from 4.00% to 3.4% offset by a increase in the fair value of the underlying pension assets and the related tax benefit.

Business Segment Information

Business Segment Information	3 Months Ended
	Jan. 31, 2015
Business Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Business Segment Information The Company conducts its business and reports its information as one operating segment-Automotive Products. The Chief Executive Officer of the Company has been identified as the chief operating decision maker because he has final authority over performance assessment and resource allocation decisions. In determining that one operating segment is appropriate, the Company considered the nature of the business activities, the existence of managers responsible for the operating activities and information presented to the Board of Directors for its consideration and advice. Furthermore, the Company is a leading global supplier of lightweighting and noise, vibration and harshness (NVH) solutions to the automotive, commercial vehicle and industrial markets. The Company offers one of the broadest portfolios of lightweighting solutions to the automotive, commercial vehicle and industrial markets, capable of delivering solutions in aluminum, magnesium, steel and steel alloys. Revenues of foreign geographic regions are attributed to external customers based upon the location of the entity recording the sale. These foreign revenues represent 16.1% and 6.2% of total revenues for three months ended January 31, 2015 and 2014 , respectively. Long-lived assets consist primarily of net property, plant and equipment. Revenues Long-Lived Assets Foreign Currency Gain 2015 2014 2015 2014 2015 2014 Geographic Region: As Restated As Restated Europe $ 31,234 $ — $ 40,418 $ — $ (268 ) $ — Mexico $ 10,143 $ 11,294 $ 25,881 $ 17,119 $ (56 ) $ (35 ) United States $ 215,532 $ 172,245 $ 271,458 $ 207,580 Total company $ 256,909 $ 183,539 $ 337,757 $ 224,699 The foreign currency gain or loss is included as a component of other income in the consolidated statements of income.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jan. 31, 2015
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.

Restatement of Previously Issue

Restatement of Previously Issued Financial Statements Restatement of Previously Issued Financial Statements	3 Months Ended
	Jan. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounting Changes and Error Corrections [Text Block]	Restatement of Previously Issued Financial Statements As disclosed in the Company's Current Report on Form 8-K, filed on September 14, 2015, the Company, after an investigation by the Audit Committee, with the assistance of management and independent third-party advisors, concluded that previously issued condensed consolidated financial statements should not be relied upon due to errors related to the understatement of consolidated cost of sales of $1,700 for the fiscal quarter ended January 31, 2015. The Audit Committee’s decision to restate the condensed consolidated financial statements was based upon the results of an investigation of accounting for inventoried costs at the Company’s Wellington facility. The Company has restated its condensed consolidated financial statements for the fiscal quarter ended January 31, 2015 and such statements are included in this Amended Filing. During the Company's investigation, other correcting entries specific to the Wellington facility were identified and corrected, including certain amounts such as prepaid accounts that should have been expensed during the periods. The adjustments for the three month period ended January 31, 2015 included certain immaterial amounts from fiscal 2014 totaling $982 pre-tax primarily related to inventoried costs. Further, the tax impact of all a djustments has been recorded. Impact of Corrections on Previously Issued Condensed Consolidated Financial Statements The following table presents the effect of the restatement adjustments on the condensed consolidated balance sheet for the period ended January 31, 2015: Three Months Ended January 31, 2015 As Reported Adjustments As Restated Accounts receivable $ 155,781 $ (54 ) $ 155,727 Prepaid income taxes 1,410 609 2,019 Inventories, net 97,810 (1,351 ) 96,459 Prepaid expenses 11,482 (163 ) 11,319 Total current assets 278,793 (959 ) 277,834 Property, plant and equipment, net 278,236 (6 ) 278,230 Total assets 616,556 (965 ) 615,591 Accounts Payable 143,022 106 143,128 Other accrued expenses 32,276 159 32,435 Total current liabilities 176,899 265 177,164 Total liabilities 481,312 265 481,577 Retained earnings 116,866 (1,230 ) 115,636 Total stockholders' equity 135,244 (1,230 ) 134,014 Total liabilities and stockholders' equity 616,556 (965 ) 615,591 The following table summarizes the effects of the restatement on the condensed consolidated financial statements of operations for the three months ended January 31, 2015: Three Months Ended January 31, 2015 As Reported Adjustments As Restated Net revenues $ 257,078 $ (169 ) $ 256,909 Cost of sales 236,530 1,702 238,232 Gross profit 20,548 (1,871 ) 18,677 Selling, general & administrative expenses 13,625 (10 ) 13,615 Operating income 6,291 (1,861 ) 4,430 Other income, net (373 ) (22 ) (395 ) Income before income taxes 4,909 (1,839 ) 3,070 Provision for income taxes 1,236 (609 ) 627 Net income 3,673 (1,230 ) 2,443 Earnings per share: Basic earnings per share $0.21 $(0.07) $0.14 Diluted earnings per share $0.21 $(0.07) $0.14 The following table presents the effect of the restatement adjustments on the condensed consolidated statements of comprehensive income (loss) for the three months ended January 31, 2015. Three Months Ended January 31, 2015 As Reported Adjustments As Restated Net income $ 3,673 $ (1,230 ) $ 2,443 Comprehensive loss (9,591 ) (1,230 ) (10,821 ) The following table presents the effect of the restatement adjustments on the condensed consolidated statements of cash flows for the three months ended January 31, 2015. Three Months Ended January 31, 2015 As Reported Adjustments As Restated CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 3,673 $ (1,230 ) $ 2,443 Accounts receivable 14,034 54 14,088 Inventories (7,313 ) 1,351 (5,962 ) Prepaids and other assets 760 163 923 Payables and other liabilities (18,285 ) 265 (18,020 ) Accrued income taxes 732 (609 ) 123 Net cash provided by operating activities 2,553 (6 ) 2,547 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures (10,884 ) 6 (10,878 ) Net cash used in investing activities (10,812 ) 6 (10,806 )

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Jan. 31, 2015
Radar Industries [Member]
Business Acquisition [Line Items]
Schedule of Purchase Price Allocation [Table Text Block]	Cash and cash equivalents $ 75 Accounts receivable 14,374 Inventory 15,630 Prepaid assets and other 95 Property, plant and equipment 26,612 Goodwill 13,753 Intangible assets 5,620 Accounts payable and other (18,285 ) Net assets acquired $ 57,874
Finnveden [Member]
Business Acquisition [Line Items]
Schedule of Purchase Price Allocation [Table Text Block]	Cash and cash equivalents $ 6,222 Accounts receivable 29,744 Inventory 26,858 Prepaid expenses 3,681 Property, plant and equipment 35,408 Goodwill 7,804 Intangible assets 1,136 Other non-current assets 3,830 Accounts payable and other (36,416 ) Long term liabilities (5,649 ) Net assets acquired $ 72,618
Finnveden and Radar [Member]
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Information [Table Text Block]	Pro forma consolidated results Three months ended January 31, (in thousands, except for per share data): 2015 2014 As Restated Revenue $ 256,909 $ 275,476 Net income $ 2,443 $ 6,190 Basic earnings per share $0.14 $0.36 Diluted earnings per share $0.14 $0.36

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Jan. 31, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consist of the following: January 31, 2015 October 31, 2014 As Restated Raw materials $ 37,086 $ 36,417 Work-in-process 14,352 12,044 Finished goods 15,081 13,382 Total material 66,519 61,843 Tooling 29,940 29,460 Total inventory $ 96,459 $ 91,303

Property Plant and Equipment (T

Property Plant and Equipment (Tables)	3 Months Ended
	Jan. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property, plant and equipment consist of the following: January 31, October 31, As Restated Land and improvements $ 11,489 $ 11,452 Buildings and improvements 117,880 117,776 Machinery and equipment 458,415 455,482 Furniture and fixtures 11,310 11,161 Construction in progress 60,089 52,345 Total, at cost 659,183 648,216 Less: Accumulated depreciation 380,953 373,388 Property, plant and equipment, net $ 278,230 $ 274,828
Schedule of Capital Leased Assets [Table Text Block]	January 31, 2015 October 31, Leased Property: Machinery and equipment $ 7,074 $ 7,639 Less: Accumulated depreciation 550 367 Leased property, net $ 6,524 $ 7,272
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	Future minimum rental payments to be made under capital leases at January 31, 2015 are as follows: Twelve Months Ending January 31, 2015 $ 1,034 2016 1,034 2017 1,034 2018 1,017 2019 641 Thereafter 2,241 7,001 Less amount representing interest ranging from 3.05% to 3.77% 754 Total obligations under capital leases $ 6,247

Goodwil and Intangible Assets (

Goodwil and Intangible Assets (Tables)	3 Months Ended
	Jan. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	The changes in the carrying amount of goodwill for the three months January 31, 2015 are as follow: Balance October 31, 2014 $ 30,887 Foreign currency translation and other (1,045 ) Balance January 31, 2015 $ 29,842
Schedule of Finite-Lived Intangible Assets [Table Text Block]	: Customer Relationships Developed Technology Non-Compete Trade Name Trademark Total Balance October 31, 2014 15,856 4,311 62 1,624 145 21,998 Amortization expense (342 ) (193 ) (62 ) (31 ) (4 ) (632 ) Foreign currency translation and other (101 ) — — — — (101 ) Balance January 31, 2015 $ 15,413 $ 4,118 $ — $ 1,593 $ 141 $ 21,265
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	: Cost Accumulated Amortization Foreign Currency Adjustment Net Customer relationships 17,918 (2,296 ) (209 ) 15,413 Developed technology 5,007 (889 ) — 4,118 Non-compete 744 (744 ) — — Trade Name 1,875 (282 ) — 1,593 Trademark 166 (25 ) — 141 $ 25,710 $ (4,236 ) $ (209 ) $ 21,265
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: Twelve Months Ending January 31, 2016 $ 2,276 2017 2,276 2018 2,242 2019 2,039 2020 1,735 Thereafter 10,697 $ 21,265

Financing Arrangements (Tables)

Financing Arrangements (Tables)	3 Months Ended
	Jan. 31, 2015
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Debt consists of the following: January 31, 2015 October 31, 2014 Credit Agreement —interest rate of 2.15% for both periods ended January 31, 2015 and October 31, 2014 $ 264,800 $ 260,500 Equipment security note 1,863 1,985 Capital lease obligations 6,247 6,967 Insurance broker financing agreement 285 568 Total debt 273,195 270,020 Less: Current debt 1,601 1,918 Total long-term debt $ 271,594 $ 268,102
Schedule of Maturities of Debt [Table Text Block]	Scheduled repayments under the terms of the Credit Agreement plus repayments of other debt are listed below: Twelve Months Ending January 31, Credit Agreement Equipment Security Note Capital Lease Obligations Other Debt Total 2016 $ — $ 492 $ 824 $ 285 $ 1,601 2017 — 504 869 — 1,373 2018 — 516 902 — 1,418 2019 — 351 921 — 1,272 2020 264,800 — 528 — 265,328 Thereafter — — 2,203 2,203 Total $ 264,800 $ 1,863 $ 6,247 $ 285 $ 273,195

Components of Net Periodic Bene

Components of Net Periodic Benefit Cost (Table)	3 Months Ended
	Jan. 31, 2015
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, 2015 and 2014 are as follows: Pension Benefits Other Post-Retirement Benefits Three months ended January 31, Three months ended January 31, 2015 2014 2015 2014 Interest cost $ 866 $ 937 $ 6 $ 10 Expected return on plan assets (1,174 ) (1,070 ) — — Recognized net actuarial loss 297 269 7 10 Net periodic (benefit) cost $ (11 ) $ 136 $ 13 $ 20

Equity Matters (Tables)

Equity Matters (Tables)	3 Months Ended
	Jan. 31, 2015
Equity [Abstract]
Schedule of stock option activity	Activity in the Company’s incentive plan for the three months ended January 31, 2015 and 2014 was as follows: Number of Shares Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value 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 Options outstanding at November 1, 2014 123,333 $9.69 Options: Granted — $0.00 Exercised (6,000 ) $8.67 Canceled — $0.00 Outstanding at January 31, 2015 117,333 $9.74 4.88 $337 Options exercisable at January 31, 2015 117,333 $9.74 4.88 $337
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, 2015 2014 (As Restated) Net income available to common stockholders $ 2,443 $ 4,939 Basic weighted average shares 17,215 17,113 Effect of dilutive securities: Stock options 40 95 Diluted weighted average shares 17,255 17,208 Basic income per share $ 0.14 $ 0.29 Diluted income per share $ 0.14 $ 0.29

Fair Value of Financial Instr30

Fair Value of Financial Instruments Fair Value of Financial Instruments (Tables)	3 Months Ended
	Jan. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]	Assets and liabilities remeasured and disclosed at fair value on a recurring basis at January 31, 2015 and October 31, 2014 are set forth in the table below: Asset (Liability) Level 2 Valuation Technique October 31, 2014: Interest Rate Swap Contracts $ (2,510 ) $ (2,510 ) Income Approach January 31, 2015: Interest Rate Swap Contracts $ (4,930 ) $ (4,930 ) Income Approach

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Loss Amounts Recognized Into Other Comprehensive Income (Tables)	3 Months Ended
	Jan. 31, 2015
Accumulated Other Comprehensive Income [Abstract]
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	Pension and Post Retirement Plan Liability Marketable Securities Adjustment Interest Rate Swap Adjustment Foreign Currency Translation Adjustment Accumulated Other Comprehensive Loss Balance at October 31, 2014 $ (27,371 ) $ 100 $ (1,558 ) $ (8,052 ) $ (36,881 ) Other comprehensive loss (4,169 ) (163 ) (1,504 ) (7,428 ) (13,264 ) Balance at January 31, 2015 $ (31,540 ) $ (63 ) $ (3,062 ) $ (15,480 ) $ (50,145 ) Pension and Post Retirement Plan Liability Marketable Securities Adjustment Interest Rate Swap Adjustment Foreign Currency Translation Adjustment Accumulated Other Comprehensive Loss Balance at October 31, 2013 $ (26,082 ) $ — $ — $ — $ (26,082 ) Other comprehensive loss (408 ) — — — (408 ) Balance at January 31, 2014 $ (26,490 ) $ — $ — $ — $ (26,490 )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	For the three months ended January 31, Affected line item in the Statement Where Net Income Presented 2015 2014 Income Presented Pension and Post-Retirement Plan Benefits Interest costs $ 866 $ 937 Selling, general and administrative expenses ("SG&A") (1) Return on plan assets (1,174 ) (1,070 ) SG&A (1) Net actuarial loss 297 269 SG&A (1) (11 ) 136 Total before taxes 4 52 Income tax benefit Total reclassifications $ (7 ) $ 188 Net of taxes

Business Segment Information Bu

Business Segment Information Business Segment Information (Tables)	3 Months Ended
	Jan. 31, 2015
Business Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Revenues Long-Lived Assets Foreign Currency Gain 2015 2014 2015 2014 2015 2014 Geographic Region: As Restated As Restated Europe $ 31,234 $ — $ 40,418 $ — $ (268 ) $ — Mexico $ 10,143 $ 11,294 $ 25,881 $ 17,119 $ (56 ) $ (35 ) United States $ 215,532 $ 172,245 $ 271,458 $ 207,580 Total company $ 256,909 $ 183,539 $ 337,757 $ 224,699

Restatement of Previously Iss33

Restatement of Previously Issued Financial Statements Impact of Restatement (Tables)	3 Months Ended
	Jan. 31, 2015
Accounting Changes and Error Corrections [Abstract]
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	The following table summarizes the effects of the restatement on the condensed consolidated financial statements of operations for the three months ended January 31, 2015: Three Months Ended January 31, 2015 As Reported Adjustments As Restated Net revenues $ 257,078 $ (169 ) $ 256,909 Cost of sales 236,530 1,702 238,232 Gross profit 20,548 (1,871 ) 18,677 Selling, general & administrative expenses 13,625 (10 ) 13,615 Operating income 6,291 (1,861 ) 4,430 Other income, net (373 ) (22 ) (395 ) Income before income taxes 4,909 (1,839 ) 3,070 Provision for income taxes 1,236 (609 ) 627 Net income 3,673 (1,230 ) 2,443 Earnings per share: Basic earnings per share $0.21 $(0.07) $0.14 Diluted earnings per share $0.21 $(0.07) $0.14 The following table presents the effect of the restatement adjustments on the condensed consolidated balance sheet for the period ended January 31, 2015: Three Months Ended January 31, 2015 As Reported Adjustments As Restated Accounts receivable $ 155,781 $ (54 ) $ 155,727 Prepaid income taxes 1,410 609 2,019 Inventories, net 97,810 (1,351 ) 96,459 Prepaid expenses 11,482 (163 ) 11,319 Total current assets 278,793 (959 ) 277,834 Property, plant and equipment, net 278,236 (6 ) 278,230 Total assets 616,556 (965 ) 615,591 Accounts Payable 143,022 106 143,128 Other accrued expenses 32,276 159 32,435 Total current liabilities 176,899 265 177,164 Total liabilities 481,312 265 481,577 Retained earnings 116,866 (1,230 ) 115,636 Total stockholders' equity 135,244 (1,230 ) 134,014 Total liabilities and stockholders' equity 616,556 (965 ) 615,591 The following table presents the effect of the restatement adjustments on the condensed consolidated statements of comprehensive income (loss) for the three months ended January 31, 2015. Three Months Ended January 31, 2015 As Reported Adjustments As Restated Net income $ 3,673 $ (1,230 ) $ 2,443 Comprehensive loss (9,591 ) (1,230 ) (10,821 ) The following table presents the effect of the restatement adjustments on the condensed consolidated statements of cash flows for the three months ended January 31, 2015. Three Months Ended January 31, 2015 As Reported Adjustments As Restated CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 3,673 $ (1,230 ) $ 2,443 Accounts receivable 14,034 54 14,088 Inventories (7,313 ) 1,351 (5,962 ) Prepaids and other assets 760 163 923 Payables and other liabilities (18,285 ) 265 (18,020 ) Accrued income taxes 732 (609 ) 123 Net cash provided by operating activities 2,553 (6 ) 2,547 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures (10,884 ) 6 (10,878 ) Net cash used in investing activities (10,812 ) 6 (10,806 )

Acquisitions Radar (Details)

Acquisitions Radar (Details) - Radar Industries [Member] - USD ($) $ in Thousands	1 Months Ended
	Oct. 31, 2014	Sep. 30, 2014
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	$ 57,874
Business Combinations, Recognized Identifiable Assts Acquired And Liabilities Assumed, Net of Cash Acquired		$ 57,799
Business Combinations, Recognized Identifiable Assets Acquired And Liabilities Assumed, Cash In Escrow		6,500
Cash and cash equivalents		75
Accounts receivable		14,374
Inventory		15,630
Prepaid assets and other		95
Property, plant and equipment		26,612
Goodwill		13,753
Intangible assets		5,620
Accounts payable and other		(18,285)
Net assets acquired		$ 57,874

Acquisitions Radar Goodwill and

Acquisitions Radar Goodwill and Intangibles (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Oct. 31, 2014	Oct. 31, 2014	Jan. 31, 2015	Sep. 30, 2014
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross			$ 25,710
Radar Industries [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life		15 years
Intangibles Deductible for Tax Purposes				$ 5,620
Goodwill [Member] | Radar Industries [Member]
Business Acquisition [Line Items]
Goodwill Deductible for Tax Purposes				$ 31,136
Finite-Lived Intangible Asset, Useful Life	15 years
Customer Relationships [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross			17,918
Customer Relationships [Member] | Radar Industries [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life		14 years
Finite-Lived Intangible Assets, Gross	$ 3,320	$ 3,320
Developed Technology Rights [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross			$ 5,007
Developed Technology Rights [Member] | Radar Industries [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life		10 years
Finite-Lived Intangible Assets, Gross	$ 2,300	$ 2,300

Acquisitions Finnveden (Details

Acquisitions Finnveden (Details) - Finnveden [Member] - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2014	Jun. 30, 2014
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	$ 72,618
Business Combinations, Recognized Identifiable Assts Acquired And Liabilities Assumed, Net of Cash Acquired		$ 66,396
Cash and cash equivalents		6,222
Accounts receivable		29,744
Inventory		26,858
Prepaid expenses		3,681
Property, plant and equipment		35,408
Goodwill		7,804
Intangible assets		1,136
Other non-current assets		3,830
Accounts payable and other		(36,416)
Long term liabilities		(5,649)
Net assets acquired		$ 72,618

Acquisitions Finnveden Intangib

Acquisitions Finnveden Intangibles (Details) - Customer Relationships [Member] - Finnveden [Member] - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2014	Jun. 30, 2014
Business Acquisition [Line Items]
Business Combinations, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangibles Deductible for Tax Purposes		$ 1,136
Finite-Lived Intangible Asset, Useful Life	10 years

Acquisitions Contech (Details)

Acquisitions Contech (Details) - Jan. 31, 2015 - Contech [Member] - USD ($) $ in Thousands	Total
Business Acquisition [Line Items]
Business Combinations, Recognized Identifiable Assets Acquired And Liabilities Assumed, Cash In Escrow	$ 438
Business Combination, Amounts Due for Delinquent Tax Filings	307
Contech Sellers [Member]
Business Acquisition [Line Items]
Escrow Deposit Disbursements, Funds Returned to Company	$ 131

Finnveden and Radar Pro Forma R

Finnveden and Radar Pro Forma Results (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Business Acquisition [Line Items]
Revenue	$ 256,909	$ 275,476
Net income	$ 2,443	$ 6,190
Basic earnings per share	$ 0.14	$ 0.36
Diluted earnings per share	$ 0.14	$ 0.36
Finnveden and Radar [Member]
Business Acquisition [Line Items]
Amortization of Intangible Assets	$ 141

Asset Impairment and Recoveri40

Asset Impairment and Recoveries (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Restructuring Cost and Reserve [Line Items]
Recovery of Impairment Charge	$ 0	$ 1,120
Mansfield Blanking Division [Member]
Restructuring Cost and Reserve [Line Items]
Recovery of Impairment Charge		$ 1,120

Related Party Receivables (Deta

Related Party Receivables (Details) - USD ($) $ in Thousands	Mar. 11, 2014	Jan. 31, 2015	Jan. 31, 2014	Oct. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related-party accounts receivable		$ 966		$ 533
Total marketable securities, net of tax		$ (163)	$ 0
Velocys [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payments to Acquire Marketable Securities	$ 2,000
Marketable Securities	1,527
Premium Paid, Investments	$ 473
MTD Holdings Inc. [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related-party accounts receivable				$ 533

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jan. 31, 2015	Oct. 31, 2014
Inventory Disclosure [Abstract]
Raw Materials	$ 37,086	$ 36,417
Work-in-process	14,352	12,044
Finished goods	15,081	13,382
Total material	66,519	61,843
Tooling	29,940	29,460
Total inventory	96,459	91,303
Inventory Valuation Reserves	$ 5,764	$ 5,928

Property, Plant and Equipment (

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Oct. 31, 2014
Property, Plant and Equipment [Line Items]
Land and improvements	$ 11,489		$ 11,452
Buildings and improvements	117,880		117,776
Machinery and equipment	458,415		455,482
Furniture and fixtures	11,310		11,161
Construction in Progress	60,089		52,345
Total, at cost	659,183		648,216
Less: Accumulated depreciation	380,953		373,388
Property, plant and equipment, net	278,230		$ 274,828
Depreciation	$ 8,100	$ 5,874

Property, Plant and Equipment C

Property, Plant and Equipment Capital Leases Included in Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2015	Oct. 31, 2014
Property, Plant and Equipment [Abstract]
Machinery and equipment	$ 7,074	$ 7,639
Less: Accumulated depreciation	550	367
Leased property, net	6,524	$ 7,272
Property, Plant and Equipment, Transfers and Changes	$ (565)

Property, Plant and Equipment F

Property, Plant and Equipment Future Minimum Lease Payments (Details) - Jan. 31, 2015 - USD ($) $ in Thousands	Total
Future Capital Lease Payments [Line Items]
Capital Leases, Future Minimum Payments Due, Next Twelve Months	$ 1,034
Capital Leases, Future Minimum Payments Due in Two Years	1,034
Capital Leases, Future Minimum Payments Due in Three Years	1,034
Capital Leases, Future Minimum Payments Due in Four Years	1,017
Capital Leases, Future Minimum Payments Due in Five Years	641
Capital Leases, Future Minimum Payments Due Thereafter	2,241
Capital Leases, Future Minimum Payments Due	7,001
Capital Leases, Future Minimum Payments, Interest Included in Payments	754
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments	$ 6,247
Minimum [Member]
Future Capital Lease Payments [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.05%
Maximum [Member]
Future Capital Lease Payments [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.77%

Goodwill and Intangible Assets

Goodwill and Intangible Assets Changes in carrying amount of goodwill (Details) $ in Thousands	3 Months Ended
	Jan. 31, 2015USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill at beginning of period	$ 30,887
Foreign currency translation and other	(1,045)
Goodwill at end of period	$ 29,842

Goodwill and Intangible Asset47

Goodwill and Intangible Assets Changes in carrying amount of finite-lived intangible assets (Details) $ in Thousands	3 Months Ended
	Jan. 31, 2015USD ($)
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	$ 21,998
Amortization expense	(632)
Foreign currency translation and other	(101)
Intangible Assets, Net, End of Period	21,265
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	15,856
Amortization expense	(342)
Foreign currency translation and other	(101)
Intangible Assets, Net, End of Period	15,413
Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	4,311
Amortization expense	(193)
Foreign currency translation and other	0
Intangible Assets, Net, End of Period	4,118
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	62
Amortization expense	(62)
Foreign currency translation and other	0
Intangible Assets, Net, End of Period	0
Trade Name, Finite Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	1,624
Amortization expense	(31)
Foreign currency translation and other	0
Intangible Assets, Net, End of Period	1,593
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	145
Amortization expense	(4)
Foreign currency translation and other	0
Intangible Assets, Net, End of Period	$ 141

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Oct. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Cost	$ 25,710
Accumulated Amortization	(4,236)
Finite-Lived Intangible Asset, Translation Adjustments at period end	(209)
Net	21,265		$ 21,998
Amortization of Intangible Assets	632	$ 545
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	17,918
Accumulated Amortization	(2,296)
Finite-Lived Intangible Asset, Translation Adjustments at period end	(209)
Net	15,413		15,856
Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	5,007
Accumulated Amortization	(889)
Net	4,118		4,311
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	744
Accumulated Amortization	(744)
Net	0		62
Trade Name, Finite Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	1,875
Accumulated Amortization	(282)
Net	1,593		1,624
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	166
Accumulated Amortization	(25)
Net	$ 141		$ 145

Schedule of Amortization Expens

Schedule of Amortization Expense Next 5 Years (Details) $ in Thousands	Jan. 31, 2015USD ($)
Finite-Lived Intangible Assets [Line Items]
2,016	$ 2,276
2,017	2,276
2,018	2,242
2,019	2,039
2,020	1,735
Thereafter	10,697
Total Future Amortization	$ 21,265

Financing Balances at Period En

Financing Balances at Period End (Details) - USD ($) $ in Thousands	Jan. 31, 2015	Oct. 31, 2014
Debt Instrument [Line Items]
Credit Agreement Interest Rate:	2.15%	2.15%
Total Debt	$ 273,195	$ 270,020
Debt, Current	1,601	1,918
Long-term Debt	271,594	268,102
Insurance Financing Agreement [Member]
Debt Instrument [Line Items]
Short-term Debt	285	568
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Debt	264,800	260,500
Notes Payable to Banks [Member]
Debt Instrument [Line Items]
Long-term Debt	1,863	1,985
Long-term Debt	1,371
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt	$ 6,247	$ 6,967

Financing Arrangements (Details

Financing Arrangements (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2015	Jan. 31, 2015	Jan. 31, 2014	Oct. 31, 2014	Sep. 29, 2014	Feb. 24, 2014
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period		2.23%	2.08%
Line of Credit Facility, Covenant, Leverage Ratio, Minimum		3.25
Line of Credit Facility, Covenant, Leverage Ratio, Maximum		3.50
Letters of Credit Outstanding, Amount		$ 2,980
Collateral Agreement		65.00%
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months		$ 1,601
Long-term Debt, Excluding Current Maturities		$ 271,594		$ 268,102
Derivatives, Interest Rate Swap, Maturity		5 years
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax		$ (1,504)	$ 0
Lender Group Two [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					$ 360,000
Line of Credit Increase Maximum					100,000
Line of Credit Facility, Remaining Borrowing Capacity		$ 92,220
Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		3.05%
Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		3.77%
Insurance Financing Agreement [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		1.87%
Debt Instrument, Periodic Payment		$ 95
Short-term Debt		285		568
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months		$ 285
Notes Payable to Banks [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		2.47%
Debt Instrument, Periodic Payment		$ 44
Long-term Debt		1,863		1,985
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months		492
Long-term Debt, Excluding Current Maturities		1,371
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt		6,247		$ 6,967
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months		$ 824
Aggregate Revolving A [Member] | Lender Group Two [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					235,000
Aggregate Revolving B [Member] | Lender Group Two [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					$ 125,000
Interest Rate Swap [Member] | Lender Group Two [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Derivative, Notional Amount						$ 75,000
Derivative, Fixed Interest Rate						2.74%
Derivative, Incremental Amounts						$ 25,000
London Interbank Offered Rate (LIBOR) [Member] | Lender Group Two [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.00%
Base Rate [Member] | Lender Group Two [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.00%
Scenario, Forecast [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member] | Lender Group Two [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Scenario, Forecast [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member] | Lender Group Two [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.50%
Scenario, Forecast [Member] | Base Rate [Member] | Minimum [Member] | Lender Group Two [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.25%
Scenario, Forecast [Member] | Base Rate [Member] | Maximum [Member] | Lender Group Two [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%

Schedule of Debt Maturities (De

Schedule of Debt Maturities (Details) - USD ($) $ in Thousands	Jan. 31, 2015	Oct. 31, 2014
2,016	$ 1,601
2,017	1,373
2,018	1,418
2,019	1,272
2,020	265,328
Thereafter	2,203
Total Debt	273,195	$ 270,020
Revolving Credit Facility [Member]
2,016	0
2,017	0
2,018	0
2,019	0
2,020	264,800
Thereafter	0
Long-term Debt	264,800	260,500
Notes Payable to Banks [Member]
2,016	492
2,017	504
2,018	516
2,019	351
Long-term Debt	1,863	1,985
Capital Lease Obligations [Member]
2,016	824
2,017	869
2,018	902
2,019	921
2,020	528
Thereafter	2,203
Long-term Debt	6,247	6,967
Insurance Financing Agreement [Member]
2,016	285
Short-term Debt	$ 285	$ 568

Components of Net Periodic Be53

Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Oct. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Pension Contributions	$ 920	$ 952
Estimated Future Employer Contributions in Next Fiscal Year	3,550
United States Pension Plans of US Entity, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	866	937
Expected return on plan assets	(1,174)	(1,070)
Recognized net actuarial net loss	297	269
Net periodic (benefit) cost	(11)	136
United States Postretirement Benefit Plans of US Entity, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	6	10
Expected return on plan assets	0	0
Recognized net actuarial net loss	7	10
Net periodic (benefit) cost	$ 13	$ 20
POLAND | Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated Future Employer Contributions in Next Fiscal Year			$ 510

Weighted Average Assumptions fo

Weighted Average Assumptions for Grants (Details) - $ / shares	3 Months Ended
	Jan. 31, 2015	Oct. 31, 2014
Class of Stock [Line Items]
Number of Shares Available for Grant	2,700,000
Maximum Number of Shares Per Employee	500,000
Common Stock, Shares, Outstanding	17,217,284	17,214,284
Restricted Stock [Member]
Class of Stock [Line Items]
Award, Shares Issued	89,500
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	15,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	3,000
Minimum [Member] | Restricted Stock [Member]
Class of Stock [Line Items]
Grant Date Fair Value	$ 14.97
Maximum [Member] | Restricted Stock [Member]
Class of Stock [Line Items]
Grant Date Fair Value	$ 20.64
Restricted Stock [Member]
Class of Stock [Line Items]
Common Stock, Shares, Outstanding	98,882

Stock Option Activity (Details)

Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Number of Shares
Options, Outstanding Beginning of Period	123,333	236,134
Granted	0	0
Exercised	(6,000)	(33,468)
Canceled	0	(8,333)
Options, Outstanding End of Period	117,333	194,333
Options, Exercisable, End of Period	117,333	184,666
Weighted-Average Exercise Price
Options, Outstanding, Beginning of Period, Weighted Average Exercise Price Per Share	$ 9.69	$ 9.93
Granted, Weighted Average Exercise Price Per Share	0	0
Exercised, Weighted Average Exercise Price Per Share	8.67	9.18
Canceled, Weighted Average Exercise Price Per Share	0	8.10
Options, Exercisable, Weighted Average Exercise Price Per Share	9.74	10.24
Options, Outstanding, End of Period, Weighted Average Exercise Price Per Share	$ 9.74	$ 10.13
Options Outstanding, Weighted Average Remaining Contractual Term	4 years 10 months 17 days	5 years 8 months 5 days
Options Outstanding, Intrinsic Value	$ 337	$ 962
Options Exercisable, Weighted Average Remaining Contractual Term	4 years 10 months 17 days	5 years 6 months 22 days
Options Exercisable, Intrinsic Value	$ 337	$ 894

Narrative (Details)

Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Class of Stock [Line Items]
Compensation Expense Recognized	$ 15	$ 83
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	100,000	119,000
Restricted Stock [Member]
Class of Stock [Line Items]
Compensation Expense Recognized	$ 184	$ 67
Compensation Cost, Nonvested Awards, Not yet Recognized	$ 1,337

Reconciliation of Numerator and

Reconciliation of Numerator and Denominator of the basic and diluted earnings per share computation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Equity [Abstract]
Net income	$ 2,443	$ 4,939
Basic weighted average shares	17,215	17,113
Effect of dilutive securities:
Stock options	40	95
Diluted weighted average shares	17,255	17,208
Basic earnings per share	$ 0.14	$ 0.29
Diluted earnings per share	$ 0.14	$ 0.29

Fair Value of Financial Instr58

Fair Value of Financial Instruments Fair Value of Assets and Liabilities Measured on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Jan. 31, 2015	Oct. 31, 2014
Interest Rate Swap [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Rate Swap Contracts	$ (4,930)	$ (2,510)

Accumulated Other Comprehensi59

Accumulated Other Comprehensive Loss Amounts Recognized Into Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at start of period	$ (36,881)	$ (26,082)
Other comprehensive loss	(13,264)	(408)
Balance at end of period	(50,145)	(26,490)
Pension and Post Retirement Plan Liability [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at start of period	(27,371)	(26,082)
Other comprehensive loss	(4,169)	(408)
Balance at end of period	(31,540)	(26,490)
Marketable Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at start of period	100	0
Other comprehensive loss	(163)	0
Balance at end of period	(63)	0
Interest Rate Swap Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at start of period	(1,558)	0
Other comprehensive loss	(1,504)	0
Balance at end of period	(3,062)	0
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at start of period	(8,052)	0
Other comprehensive loss	(7,428)	0
Balance at end of period	$ (15,480)	$ 0

Accumulated Other Comprehensi60

Accumulated Other Comprehensive Loss Amounts Reclassified From Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income Tax Benefit	$ (627)	$ (2,181)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest costs	866	937
Return on plan assets	(1,174)	(1,070)
Return on plan assets	297	269
Income (Loss) from Continuing Operations Attributable to Noncontrolling Interest	(11)	136
Income Tax Benefit	4	52
Total reclassifications	$ (7)	$ 188

Accumulated Other Comprehensi61

Accumulated Other Comprehensive Loss Changes in Components of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014	Oct. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	$ (13,264)	$ (408)
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	$ (4,169)	$ (408)
Pension Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	3.40%		4.00%

Business Segment Information 62

Business Segment Information Business Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Segment Reporting Information [Line Items]
Revenue, Net	$ 256,909	$ 183,539
Long-Lived Assets	337,757	224,699
Europe [Member] | Reportable Geographical Components [Member]
Segment Reporting Information [Line Items]
Revenue, Net	31,234	0
Long-Lived Assets	40,418	0
Foreign Currency Transaction Gain, before Tax	(268)	0
MEXICO | Reportable Geographical Components [Member]
Segment Reporting Information [Line Items]
Revenue, Net	10,143	11,294
Long-Lived Assets	25,881	17,119
Foreign Currency Transaction Gain, before Tax	(56)	(35)
UNITED STATES | Reportable Geographical Components [Member]
Segment Reporting Information [Line Items]
Revenue, Net	215,532	172,245
Long-Lived Assets	$ 271,458	$ 207,580
Sales [Member] | Europe and Mexico [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	16.10%	6.20%

Restatement of Previously Iss63

Restatement of Previously Issued Financial Statements Impact of Restatement on Balance Sheet (Details) - USD ($) $ in Thousands	Jan. 31, 2015	Oct. 31, 2014
Accounts receivable	$ 155,727	$ 171,242
Prepaid income taxes	2,019	2,142
Inventories, net	96,459	91,303
Prepaid expenses	11,319	11,987
Total current assets	277,834	293,762
Property, Plant and Equipment, Net	278,230	274,828
Total assets	615,591	629,525
Accounts Payable	143,128	146,478
Other accrued expenses	32,435	41,336
Total current liabilities	177,164	189,732
Total liabilities	481,577	485,006
Retained earnings	115,636	113,193
Total stockholders' equity	134,014	144,519
Total liabilities and stockholders' equity	615,591	$ 629,525
Scenario, Previously Reported [Member]
Accounts receivable	155,781
Prepaid income taxes	1,410
Inventories, net	97,810
Prepaid expenses	11,482
Total current assets	278,793
Property, Plant and Equipment, Net	278,236
Total assets	616,556
Accounts Payable	143,022
Other accrued expenses	32,276
Total current liabilities	176,899
Total liabilities	481,312
Retained earnings	116,866
Total stockholders' equity	135,244
Total liabilities and stockholders' equity	616,556
Restatement Adjustment [Member]
Accounts receivable	(54)
Prepaid income taxes	609
Inventories, net	(1,351)
Prepaid expenses	(163)
Total current assets	(959)
Property, Plant and Equipment, Net	(6)
Total assets	(965)
Accounts Payable	106
Other accrued expenses	159
Total current liabilities	265
Total liabilities	265
Retained earnings	(1,230)
Total stockholders' equity	(1,230)
Total liabilities and stockholders' equity	$ (965)

Restatement of Previously Iss64

Restatement of Previously Issued Financial Statements Impact of Restatement on Statement of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Net revenues	$ 256,909	$ 183,539
Cost of sales	238,232	165,693
Gross profit	18,677	17,846
Selling, general & administrative expenses	13,615	10,400
Operating income	4,430	8,021
Other income, net	(395)	18
Income before income taxes	3,070	7,120
Provision for income taxes	627	2,181
Net Income (Loss) Attributable to Parent	$ 2,443	$ 4,939
Basic earnings per share	$ 0.14	$ 0.29
Diluted earnings per share	$ 0.14	$ 0.29
Scenario, Previously Reported [Member]
Net revenues	$ 257,078
Cost of sales	236,530
Gross profit	20,548
Selling, general & administrative expenses	13,625
Operating income	6,291
Other income, net	373
Income before income taxes	4,909
Provision for income taxes	1,236
Net Income (Loss) Attributable to Parent	$ 3,673
Basic earnings per share	$ 0.21
Diluted earnings per share	$ 0.21
Restatement Adjustment [Member]
Net revenues	$ (169)
Cost of sales	1,702
Gross profit	(1,871)
Selling, general & administrative expenses	(10)
Operating income	(1,861)
Other income, net	22
Income before income taxes	(1,839)
Provision for income taxes	(609)
Net Income (Loss) Attributable to Parent	$ (1,230)
Basic earnings per share	$ (0.07)
Diluted earnings per share	$ (0.07)

Restatement of Previously Iss65

Restatement of Previously Issued Financial Statements Impact of Restatement on Statement of Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Net income	$ 2,443	$ 4,939
Comprehensive loss	(10,821)	$ 4,531
Restatement Adjustment [Member]
Net income	(1,230)
Comprehensive loss	(1,230)
Scenario, Previously Reported [Member]
Net income	3,673
Comprehensive loss	$ (9,591)

Restatement of Previously Iss66

Restatement of Previously Issued Financial Statements Impact of Restatement on Statement of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Net Income (Loss) Attributable to Parent	$ 2,443	$ 4,939
Accounts receivable	14,088	16,473
Inventories	(5,962)	(5,721)
Prepaids and other assets	923	(734)
Payables and other liabilities	(18,020)	(14,508)
Accrued income taxes	123	(136)
Net cash provided by operating activities	2,547	5,896
Capital expenditures	(10,878)	(3,781)
Net cash used in investing activities	(10,806)	$ (2,528)
Scenario, Previously Reported [Member]
Net Income (Loss) Attributable to Parent	3,673
Accounts receivable	(14,034)
Inventories	7,313
Prepaids and other assets	(760)
Payables and other liabilities	(18,285)
Accrued income taxes	732
Net cash provided by operating activities	2,553
Capital expenditures	(10,884)
Net cash used in investing activities	(10,812)
Restatement Adjustment [Member]
Net Income (Loss) Attributable to Parent	(1,230)
Accounts receivable	(54)
Inventories	(1,351)
Prepaids and other assets	(163)
Payables and other liabilities	265
Accrued income taxes	(609)
Net cash provided by operating activities	(6)
Capital expenditures	(6)
Net cash used in investing activities	$ 6

Restatement of Previously Iss67

Restatement of Previously Issued Financial Statements Impact of Restatement in Total (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Cost of Goods Sold	$ 238,232	$ 165,693
Inventory Valuation Reserve [Member]
Cost of Goods Sold	$ 1,700