Shiloh Industries (SHLO) 10-Q 15 Sep 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jul. 31, 2015	Sep. 11, 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	Jul. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		17,249,355
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2015	Oct. 31, 2014
ASSETS
Cash and cash equivalents	$ 6,635	$ 12,014
Investment in marketable securities	493	1,045
Accounts receivable, net of allowance for doubtful accounts of $534 and $601 at July 31, 2015 and October 31, 2014, respectively	164,007	171,242
Related-party accounts receivable	752	533
Prepaid income taxes	1,500	2,142
Inventories, net	94,420	91,303
Deferred income taxes	3,141	3,496
Prepaid expenses	20,023	11,987
Total current assets	290,971	293,762
Property, plant and equipment, net	274,633	274,828
Goodwill	28,826	30,887
Intangible assets, net	19,797	21,998
Deferred income taxes	2,355	2,605
Other assets	5,325	5,445
Total assets	621,907	629,525
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current debt	1,355	1,918
Accounts payable	154,785	146,478
Other accrued expenses	32,503	41,336
Total current liabilities	188,643	189,732
Long-term Debt	259,086	268,102
Long-term benefit liabilities	17,252	19,951
Deferred income taxes	4,563	2,739
Interest rate swap agreement	4,162	2,510
Other liabilities	1,623	1,972
Total liabilities	$ 475,329	$ 485,006
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $.01 per share; 5,000,000 shares authorized; no shares issued and outstanding at July 31, 2015 and October 31, 2014, respectively	$ 0	$ 0
Common stock, par value $.01 per share; 25,000,000 shares authorized; 17,250,183 and 17,214,284 shares issued and outstanding at July 31, 2015 and October 31, 2014, respectively	173	172
Paid-in capital	69,161	68,035
Retained earnings	123,971	113,193
Accumulated other comprehensive loss, net	(46,727)	(36,881)
Total stockholders’ equity	146,578	144,519
Total liabilities and stockholders’ equity	$ 621,907	$ 629,525

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets - Parentheticals - Class of Stock [Domain] - USD ($) $ in Thousands	Jul. 31, 2015	Oct. 31, 2014
Allowance for Doubtful Accounts Receivable, Current	$ 534	$ 601
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	17,250,183	17,214,284
Common Stock, Shares, Outstanding	17,250,183	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 - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Net revenues	$ 275,201	$ 216,389	$ 812,285	$ 608,900
Cost of sales	254,952	194,289	745,404	547,952
Gross profit	20,249	22,100	66,881	60,948
Selling, general and administrative expenses	12,246	11,829	42,730	32,893
Amortization of intangible assets	486	545	1,795	1,635
Asset recovery	0	0	0	(4,026)
Operating income	7,517	9,726	22,356	30,446
Interest expense	2,885	1,191	6,714	3,004
Interest Income	(7)	(2)	(21)	(7)
Other (income) expense	178	(147)	(886)	(104)
Income before income taxes	4,461	8,684	16,549	27,553
Provision for income taxes	2,480	335	5,772	6,136
Net income	$ 1,981	$ 8,349	$ 10,777	$ 21,417
Earnings per share:
Basic earnings per share	$ 0.11	$ 0.49	$ 0.63	$ 1.25
Basic weighted average number of common shares	17,227	17,118	17,220	17,081
Diluted earnings per share	$ 0.11	$ 0.49	$ 0.62	$ 1.25
Diluted weighted average number of common shares	17,246	17,175	17,247	17,157

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 1,981	$ 8,349	$ 10,777	$ 21,417
Recognized gain	0	318	593	806
Actuarial net gain (loss)	0	(816)	(683)	(1,962)
Asset net gain (loss)	0	268	391	649
Income taxes	0	86	(114)	191
Total defined benefit pension plans & other post retirement benefits, net of tax	0	(144)	187	(316)
Unrealized gain (loss) on marketable securities	(258)	750	(552)	854
Income taxes	90	(134)	193	(171)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax	0	(365)	0	(365)
Total marketable securities, net of tax	(168)	251	(359)	318
Unrealized gain (loss) on interest rate swap agreements	147	(457)	(1,651)	(1,360)
Income taxes	(56)	175	625	517
Change in fair value of derivative instruments, net of tax	91	(282)	(1,026)	(843)
Unrealized loss on foreign currency translation	(1,062)	(1,433)	(8,648)	(1,433)
Comprehensive income, net	$ 842	$ 6,741	$ 931	$ 19,143

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 10,777	$ 21,417
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	26,083	20,094
Asset recovery	0	(4,026)
Amortization of deferred financing costs	519	644
Deferred income taxes	3,134	(1,078)
Stock-based compensation expense	851	430
Gain on sale of assets	97	(429)
Gain on sale of marketable securities	0	(332)
Changes in operating assets and liabilities:
Accounts receivable	3,391	13,175
Inventories	(7,360)	(18,368)
Prepaids and other assets	(8,456)	(1,689)
Payables and other liabilities	(12,057)	(11,607)
Accrued income taxes	558	(1,992)
Net cash provided by operating activities	17,537	16,239
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(24,038)	(24,027)
Investment in marketable securities	0	(1,527)
Acquisitions, net of cash acquired	195	(66,469)
Proceeds from sale of assets	11,417	4,746
Proceeds from Sale and Maturity of Marketable Securities	0	967
Net cash used for investing activities	(12,426)	(86,310)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of capital leases	(581)	(170)
Proceeds from long-term borrowings	94,900	104,100
Repayments of long-term borrowings	(102,665)	(23,756)
Payment of deferred financing costs	(1,342)	(150)
Proceeds from exercise of stock options	159	928
Net cash provided by (used for) financing activities	(9,529)	80,952
Effect of foreign currency exchange rate fluctuations on cash	(961)	(159)
Net increase (decrease) in cash and cash equivalents	(5,379)	10,722
Cash and cash equivalents at beginning of period	12,014	398
Cash and cash equivalents at end of period	6,635	11,120
Supplemental Cash Flow Information:
Cash paid for interest	6,547	2,294
Cash paid for income taxes	245	6,815
Non-cash Investing and Financing Activities:
Equipment acquired under capital lease	0	1,679
Capital equipment included in accounts payable	$ 3,958	$ 2,238

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jul. 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 Shiloh Industries, Inc. and its subsidiaries (the "Company"), without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. The information furnished in the condensed consolidated financial statements includes normal recurring adjustments and reflects all adjustments, which are, in the opinion of management, necessary for a fair presentation of such financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. Although the Company believes that the disclosures are adequate to make the information presented not misleading, these condensed consolidated financial statements should be read in conjunction with the audited financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2014 . Revenues and operating results for the nine months ended July 31, 2015 are not necessarily indicative of the results to be expected for the full year.

New Accounting Standards

New Accounting Standards	9 Months Ended
	Jul. 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 June 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-10, "Technical Corrections and Improvements." ASU 2015-10 amends a wide range of topics in the existing codification. ASU 2015-10 is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years, although early adoption is permitted, including adoption in an interim period. The Company does not expect ASU 2015-10 will have a material impact on its statement of financial position or financial statement disclosures. In April 2015, the FASB issued ASU 2015-03, "Interest - Imputation of Interest." ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in the ASU. ASU 2015-03 is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. The Company does not expect ASU 2015-03 will have a material impact on its statement of financial position or financial statement disclosures. In August 2014, the FASB issued 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 with the first quarter ending January 31, 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. In July 2015, the FASB deferred the effective date to annual reporting periods beginning after December 15, 2017 including interim periods within those years. Either full retrospective adoption or modified retrospective adoption is permitted. The Company has identified key individuals to evaluate the requirements and review existing customer contracts to determine 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.

Acquisitions

Acquisitions	9 Months Ended
	Jul. 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 Radar 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 to serve as security for any indemnification claims made by the Company under the Radar Agreement. During July 2015, certain settlements occurred resulting in $1,296 in escrow funds being returned to the Company for indemnification of claims and $195 in escrow funds returned as a reduction in the final purchase price. Additionally, $509 in escrow funds were released to Radar, leaving a remaining escrow balance of $4,500 at July 31, 2015. 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 15,729 Prepaid assets and other 95 Property, plant and equipment 26,612 Goodwill 12,989 Intangible assets 6,090 Accounts payable and other (18,285 ) Net assets acquired $ 57,679 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 $30,374 and is estimated to be deductible over approximately 15 years . Of the $6,090 of acquired intangible assets, $3,710 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 and $80 was assigned to a non-compete agreement with an estimated useful life of 5 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 $6,090 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 our 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 Poland and Sweden 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 final 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 37,474 Goodwill 6,681 Intangible assets 136 Other non-current assets 3,676 Accounts payable and other (36,416 ) Long term liabilities (5,438 ) Net assets acquired $ 72,618 The Company utilized 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. Changes in the final purchase price allocation, as compared to the preliminary purchase price allocation, were primarily a result of an increase of $2,006 in the estimated fair value of property, plant and equipment. 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 $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. Pro Forma Consolidated Results The following supplemental pro forma information presents the actual financial results for the three and nine months ended July 31, 2015 , and pro forma financial results for the three and nine months ended July 31, 2014 as if the acquisitions of Radar 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 the intangible assets acquired of $57 and $446 for the three and nine months ended July 31, 2015 , respectively and $62 for both the three and nine months ended July 31, 2014. Pro forma consolidated results Three Months Ended July 31, Nine Months Ended July 31 (in thousands, except for per share data): 2015 2014 2015 2014 Revenue $ 275,201 $ 283,945 $ 812,285 $ 840,861 Net income $ 1,981 $ 9,199 $ 10,777 $ 28,350 Basic earnings per share $ 0.11 $ 0.54 $ 0.63 $ 1.66 Diluted earnings per share $ 0.11 $ 0.54 $ 0.62 $ 1.65 The above pro forma consolidated results include the impact of foreign currency translation. For the three and nine months ended July 31, 2015, the average currency rate of the USD to the Swedish krona was 8.848 and 7.983 , respectively. For the three and nine months ended July 31, 2014, the average currency rate of the USD to the Swedish krona was 6.669 and 6.649 , respectively.

Asset Impairment and Recoveries

Asset Impairment and Recoveries	9 Months Ended
	Jul. 31, 2015
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	Asset Recoveries Asset recoveries of $4,026 were recorded during first nine months 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	9 Months Ended
	Jul. 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 July 31, 2015 and October 31, 2014 of $752 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 $168 and $359 , net of tax, was recorded as a loss to other comprehensive income for the three and nine months ended July 31, 2015 , respectively. A cumulative market-to-market favorable adjustment of $251 and $318 , net of tax, was recorded as a gain to other comprehensive income for the three and nine months ended July 31, 2014 , respectively.

Inventories

Inventories	9 Months Ended
	Jul. 31, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Inventories Inventories consist of the following: July 31, 2015 October 31, 2014 Raw materials $ 33,671 $ 36,417 Work-in-process 14,120 12,044 Finished goods 15,013 13,382 Total material 62,804 61,843 Tooling 31,616 29,460 Total inventory $ 94,420 $ 91,303 Total cost of inventory is net of reserves to reduce certain inventory from cost to net realizable value by an allowance for excess and obsolete inventories based on management’s review of on-hand inventories compared to historical and estimated future sales and usage. Such reserves aggregated $3,718 and $5,928 at July 31, 2015 and October 31, 2014 , respectively.

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Jul. 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: July 31, October 31, Land and improvements $ 11,316 $ 11,452 Buildings and improvements 116,666 117,776 Machinery and equipment 477,851 455,482 Furniture and fixtures 12,150 11,161 Construction in progress 60,637 52,345 Total, at cost 678,620 648,216 Less: Accumulated depreciation 403,987 373,388 Property, plant and equipment, net $ 274,633 $ 274,828 During the third quarter, the company entered into certain sale-leaseback transactions resulting in proceeds of $9,854 . There was no gain or loss as a result of these transactions. Depreciation expense was $8,613 and $6,664 for the three months and $24,288 and $18,459 for the nine months ended July 31, 2015 and July 31, 2014 , respectively. Capital Leases: July 31, October 31, Leased Property: Machinery and equipment $ 6,978 $ 7,639 Less: Accumulated depreciation 983 367 Leased property, net $ 5,995 $ 7,272 The decrease in machinery and equipment of $661 is due to the foreign currency translation at July 31, 2015 at one of the Company's European manufacturing facilities. Total obligations under capital leases and future minimum rental payments to be made under capital leases at July 31, 2015 are as follows: Twelve Months Ending July 31, 2016 $ 857 2017 859 2018 893 2019 772 2020 442 Thereafter 1,899 5,722 Plus amount representing interest ranging from 3.05% to 3.77% 652 Future minimum rental payments $ 6,374

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Jul. 31, 2015
Intangible Assets [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	Goodwill: The changes in the carrying amount of goodwill for the nine months ended July 31, 2015 are as follows: Balance October 31, 2014 $ 30,887 Acquisitions and purchase accounting adjustments (635 ) Divestitures — Foreign currency translation and other (1,426 ) Balance July 31, 2015 $ 28,826 During the third quarter, a test for goodwill impairment was conducted related to the FMS acquisition. The Company concluded that there was no impairment of goodwill. Intangible Assets The changes in the carrying amount of finite intangible assets for the nine months ended July 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 Acquisition and purchase accounting adjustments (530 ) — 80 — — (450 ) Amortization expense (1,036 ) (579 ) (75 ) (93 ) (12 ) (1,795 ) Foreign currency translation and other 44 — — — — 44 Balance July 31, 2015 $ 14,334 $ 3,732 $ 67 $ 1,531 $ 133 $ 19,797 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: Gross Carrying Value Accumulated Amortization Foreign Currency Adjustment Net Customer relationships $ 17,347 $ (2,950 ) $ (63 ) $ 14,334 Developed technology 5,007 (1,275 ) — 3,732 Non-compete 824 (757 ) — 67 Trade Name 1,875 (344 ) — 1,531 Trademark 166 (33 ) — 133 $ 25,219 $ (5,359 ) $ (63 ) $ 19,797 Total amortization expense was $486 and $1,795 for the three and nine months ended July 31, 2015 , respectively and $545 and $1,635 for the three and nine months ended July 31, 2014 , respectively. Amortization expense related to intangible assets for the fiscal years ending is estimated to be as follows: Twelve Months Ending July 31, 2016 $ 2,242 2017 2,242 2018 2,141 2019 1,799 2020 1,688 Thereafter 9,685 $ 19,797

Financing Arrangements

Financing Arrangements	9 Months Ended
	Jul. 31, 2015
Debt Disclosure [Abstract]
Financing Arrangements [Text Block]	Financing Arrangements Debt consists of the following: July 31, October 31, 2014 Credit Agreement —interest rate of 2.93% for the period ended July 31, 2015 and 2.15% for the period ended October 31, 2014 $ 253,100 $ 260,500 Equipment security note 1,619 1,985 Capital lease obligations 5,722 6,967 Insurance broker financing agreement — 568 Total debt 260,441 270,020 Less: Current debt 1,355 1,918 Total long-term debt $ 259,086 $ 268,102 The weighted average interest rate of all debt was 2.67% and 1.93% for the nine months ended July 31, 2015 and July 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 April 29, 2015, the Company executed a Fourth Amendment to the Credit Amendment that maintains the commitment period to September 29, 2019 and allows for an incremental increase of $25,000 (or if certain ratios are met, $100,000 ) in the existing revolving commitments of $360,000 , subject to the Company's pro forma compliance with financial covenants, the administrative agent's approval and the Company obtaining commitments for such increase. 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 Fourth Amendment provides for an interest rate margin on LIBOR loans of 1.25% to 3.00% and of 0.25% to 2.00% on base rate loans 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 July 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 $105,020 at July 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: 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 July 31, 2015 , $1,619 remained outstanding under this agreement and $498 was classified as current debt and $1,121 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 July 31, 2015 , the present value of minimum lease payments under its capital leases amounted to $5,722 . 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 commenced on March 1, 2015 with an initial $25,000 base notional amount 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. The Company determined the mark-to-market adjustment for the interest rate swap to be a gain of $91 and a loss of $1,026 , net of tax, for the three and nine months ended July 31, 2015 , respectively, which is reflected in other comprehensive income. The first base notional amount of $25,000 commenced on March 1, 2015 and $108 of cash flow hedge settlements was realized as interest expense. Scheduled repayments of debt for the next five years are listed below: Twelve Months Ending July 31, Credit Agreement Equipment Security Note Capital Lease Obligations Total 2016 $ — $ 498 $ 857 $ 1,355 2017 — 510 859 1,369 2018 — 523 893 1,416 2019 — 88 772 860 2020 253,100 — 442 253,542 Thereafter — — 1,899 1,899 Total $ 253,100 $ 1,619 $ 5,722 $ 260,441

Pension and Other Post-Retireme

Pension and Other Post-Retirement Benefit Matters	9 Months Ended
	Jul. 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 and nine months ended July 31, 2015 and 2014 are as follows: Pension Benefits Other Post-Retirement Benefits Three Months Ended July 31, Three Months Ended July 31, 2015 2014 2015 2014 Interest cost $ 866 $ 937 $ 6 $ 9 Expected return on plan assets (1,174 ) (1,071 ) — — Recognized net actuarial loss 297 269 7 10 Net periodic (benefit) cost $ (11 ) $ 135 $ 13 $ 19 Pension Benefits Other Post-Retirement Benefits Nine Months Ended July 31, Nine Months Ended July 31, 2015 2014 2015 2014 Interest cost $ 2,599 $ 2,811 $ 18 $ 28 Expected return on plan assets (3,523 ) (3,211 ) — — Recognized net actuarial loss 890 806 21 31 Net periodic (benefit) cost $ (34 ) $ 406 $ 39 $ 59 The Company made contributions of $950 and $2,820 to the defined benefit pension plans during the three and nine months ended July 31, 2015 and $1,582 and $3,454 to the defined benefit pension plans during the three and nine months ended July 31, 2014 , respectively. The Company expects contributions to be $950 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. For the Company's Polish operations, the Pension obligations for the fiscal year ended 2015 are expected to be $695 based on actuarial reports. The Polish operations recognized $29 and $87 of expense for the three and nine months ended July 31, 2015 , respectively.

Equity Matters

Equity Matters	9 Months Ended
	Jul. 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, including directors, 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 three months and four years. Incentive stock options were not granted in fiscal 2014 or during the first nine months of fiscal 2015 . During fiscal 2014, 89,500 shares of restricted stock were granted to several employees as incentives for future performance. The market value of the Company's stock on the date of awards ranged between $14.97 and $20.64 . During the first nine months of fiscal 2015 , 23,332 shares of restricted stock with a three month vesting were issued to the members of the Company's Board of Directors as part of their director compensation. The market value of the Company's stock on the date of the awards ranged between $12.90 and $14.22 . At July 31, 2015 , 85,334 shares of restricted stock were outstanding. During the fiscal quarter ended July 31, 2015 , 23,129 shares of restricted stock vested and no shares were forfeited. During the first nine months of fiscal 2015 , 94,005 shares of restricted stock vested and 6,750 shares were forfeited. Activity in the Company’s incentive plan for the nine months ended July 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 (88,363 ) $9.83 Canceled (12,333 ) $7.19 Outstanding at July 31, 2014 135,438 $9.79 5.51 $976 Options exercisable at July, 2014 125,771 $9.93 5.37 $890 Options outstanding at November 1, 2014 123,333 $9.77 Options: Granted — $0.00 Exercised (19,317 ) $8.19 Canceled (11,350 ) $11.58 Outstanding at July 31, 2015 92,666 $9.77 4.51 $244 Options exercisable at July 31, 2015 92,666 $9.77 4.51 $244 At both July 31, 2015 and July 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. All compensation related to stock options was recognized in the first quarter of fiscal year 2015 as all stock options are fully vested and therefore there was no impact on earnings per share basic and diluted related to the stock option compensation expense. For the nine months ended July 31, 2015 , compensation expense related to stock options effectively reduced income before taxes by $15 . For the three and nine months ended July 31, 2014 , the Company recorded compensation expense related to stock options currently vesting, effectively reducing income before taxes by $21 and $127 . There was no impact on earnings per share basic and diluted for the three months ended July 31, 2015 and July 31, 2014 . For the nine months ended July 31, 2015 there was a $0.01 impact on earnings per share basic and diluted and for the nine months ended July 31, 2014 , there was no impact. The total compensation cost related to the restricted stock currently vested was $836 and $303 , for the nine months ended July 31, 2015 and July 31, 2014 , respectively. The total estimated compensation cost related to the non-vested restricted stock is $1,015 , 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 and nine months ended July 31, 2015 , 153,646 and 119,796 stock awards, respectively, were excluded from the computation of diluted earnings per share because they were anti-dilutive. For the and three and nine months ended July 31, 2014 , 35,369 and 42,953 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 July 31, Nine Months Ended July 31, 2015 2014 2015 2014 Net income available to common stockholders $ 1,981 $ 8,349 $ 10,777 $ 21,417 Basic weighted average shares 17,227 17,118 17,220 17,081 Effect of dilutive securities: Stock options 19 57 27 76 Diluted weighted average shares 17,246 17,175 17,247 17,157 Basic income per share $ 0.11 $ 0.49 $ 0.63 $ 1.25 Diluted income per share $ 0.11 $ 0.49 $ 0.62 $ 1.25

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Jul. 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 July 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 July 31, 2015: Interest Rate Swap Contracts $ (4,162 ) $ (4,162 ) 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	9 Months Ended
	Jul. 31, 2015
Accumulated Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Loss [Text Block]	Accumulated Other Comprehensive Gain (Loss) Changes in accumulated other comprehensive gain (loss) in stockholders' equity by component for the nine months ended July 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 gain (loss) 187 (359 ) (1,026 ) (8,648 ) (9,846 ) Balance at July 31, 2015 $ (27,184 ) $ (259 ) $ (2,584 ) $ (16,700 ) $ (46,727 ) 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 gain (loss) (316 ) 683 (843 ) (1,433 ) (1,909 ) Amounts reclassified from accumulated other comprehensive income — (365 ) — — (365 ) Net current-period other comprehensive income (loss) (316 ) 318 (843 ) (1,433 ) (2,274 ) Balance at July 31, 2014 $ (26,398 ) $ 318 $ (843 ) $ (1,433 ) $ (28,356 ) Items reclassified out of accumulated other comprehensive income are as follows: For the Nine Months ended July 31, Affected line item in the Condensed Consolidated Statement of Income 2015 2014 Pension and Post-Retirement Plan Benefits Interest costs $ 2,617 $ 2,839 Selling, general and administrative expenses ("SG&A") (1) Return on plan assets (3,523 ) (3,211 ) SG&A (1) Net actuarial loss 911 837 SG&A (1) 5 465 Total before taxes 2 154 Income tax benefit Total reclassifications $ 7 $ 619 Net of taxes Marketable Securities Realized gain on sale of marketable securities — $ 365 Other income — $ (138 ) Income tax provision Total reclassifications — $ 227 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.

Business Segment Information

Business Segment Information	9 Months Ended
	Jul. 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 and Commercial Vehicles. The chief operating decision maker of the Company has been identified as the Executive Leadership Team (ELT), which includes all Vice President’s plus the CEO as this team has the 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 other industrial segments, capable of delivering solutions in alumimum, magnesium, steel and high-strength steel alloys to original equipment manufacturers and suppliers Revenues of foreign geographic regions are attributed to external customers based upon the location of the entity recording the sale. These foreign revenues represent 14.8% and 15.9% for the three and nine months ended July 31, 2015 , respectively and 9.8% and 7.2% of total revenues for three and nine months ended July 31, 2014 , respectively. Long-lived assets consist primarily of net property, plant and equipment, goodwill and intangibles. Three Months Ended July 31, Nine Months Ended July 31, Revenues Foreign Currency (Gain) Loss Revenues Foreign Currency (Gain) Geographic Region: 2015 2014 2015 2014 2015 2014 2015 2014 Europe $ 30,682 $ 9,087 $ (207 ) $ 12 $ 97,425 $ 9,087 $ 622 $ 11 Mexico $ 10,125 $ 12,061 $ 147 $ (38 ) $ 31,494 $ 34,869 $ 193 $ (97 ) United States $ 234,394 $ 195,241 $ 683,366 $ 564,944 Total Company $ 275,201 $ 216,389 $ 812,285 $ 608,900 Long-Lived Assets Geographic Region: July 31, 2015 October 31, 2014 Europe $ 41,470 $ 44,151 Mexico $ 23,338 $ 24,611 United States $ 266,128 $ 267,001 Total Company $ 330,936 $ 335,763 The foreign currency gain or loss is included as a component of other income in the condensed consolidated statements of income.

Income Taxes Income Taxes

Income Taxes Income Taxes	9 Months Ended
	Jul. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes For both the three and nine months ended July 31, 2015, the estimated effective tax rate has materially increased compared to the three and nine months of fiscal 2014 primarily from additional research and development credits claimed during the third quarter of fiscal 2014 in the aggregate amount of $2,460 on Shiloh’s 2010, 2011, 2012 and 2013 fiscal year United States corporate income tax returns. Other increases included currency translation losses recorded in deferred tax assets for the Company’s Mexican subsidiary whose functional currency is the U.S. dollar and the Company generated foreign losses in certain jurisdictions with no related tax benefits.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jul. 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.

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Jul. 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 15,729 Prepaid assets and other 95 Property, plant and equipment 26,612 Goodwill 12,989 Intangible assets 6,090 Accounts payable and other (18,285 ) Net assets acquired $ 57,679
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 37,474 Goodwill 6,681 Intangible assets 136 Other non-current assets 3,676 Accounts payable and other (36,416 ) Long term liabilities (5,438 ) 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 July 31, Nine Months Ended July 31 (in thousands, except for per share data): 2015 2014 2015 2014 Revenue $ 275,201 $ 283,945 $ 812,285 $ 840,861 Net income $ 1,981 $ 9,199 $ 10,777 $ 28,350 Basic earnings per share $ 0.11 $ 0.54 $ 0.63 $ 1.66 Diluted earnings per share $ 0.11 $ 0.54 $ 0.62 $ 1.65 The above pro forma consolidated results include the impact of foreign currency translation. For the three and nine months ended July 31, 2015, the average currency rate of the USD to the Swedish krona was 8.848 and 7.983 , respectively. For the three and nine months ended July 31, 2014, the average currency rate of the USD to the Swedish krona was 6.669 and 6.649 , respectively.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jul. 31, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consist of the following: July 31, 2015 October 31, 2014 Raw materials $ 33,671 $ 36,417 Work-in-process 14,120 12,044 Finished goods 15,013 13,382 Total material 62,804 61,843 Tooling 31,616 29,460 Total inventory $ 94,420 $ 91,303

Property Plant and Equipment (T

Property Plant and Equipment (Tables)	9 Months Ended
	Jul. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property, plant and equipment consist of the following: July 31, October 31, Land and improvements $ 11,316 $ 11,452 Buildings and improvements 116,666 117,776 Machinery and equipment 477,851 455,482 Furniture and fixtures 12,150 11,161 Construction in progress 60,637 52,345 Total, at cost 678,620 648,216 Less: Accumulated depreciation 403,987 373,388 Property, plant and equipment, net $ 274,633 $ 274,828
Schedule of Capital Leased Assets [Table Text Block]	July 31, October 31, Leased Property: Machinery and equipment $ 6,978 $ 7,639 Less: Accumulated depreciation 983 367 Leased property, net $ 5,995 $ 7,272
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	uture minimum rental payments to be made under capital leases at July 31, 2015 are as follows: Twelve Months Ending July 31, 2016 $ 857 2017 859 2018 893 2019 772 2020 442 Thereafter 1,899 5,722 Plus amount representing interest ranging from 3.05% to 3.77% 652 Future minimum rental payments $ 6,374

Goodwil and Intangible Assets (

Goodwil and Intangible Assets (Tables)	9 Months Ended
	Jul. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	The changes in the carrying amount of goodwill for the nine months ended July 31, 2015 are as follows: Balance October 31, 2014 $ 30,887 Acquisitions and purchase accounting adjustments (635 ) Divestitures — Foreign currency translation and other (1,426 ) Balance July 31, 2015 $ 28,826
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 Acquisition and purchase accounting adjustments (530 ) — 80 — — (450 ) Amortization expense (1,036 ) (579 ) (75 ) (93 ) (12 ) (1,795 ) Foreign currency translation and other 44 — — — — 44 Balance July 31, 2015 $ 14,334 $ 3,732 $ 67 $ 1,531 $ 133 $ 19,797
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	: Gross Carrying Value Accumulated Amortization Foreign Currency Adjustment Net Customer relationships $ 17,347 $ (2,950 ) $ (63 ) $ 14,334 Developed technology 5,007 (1,275 ) — 3,732 Non-compete 824 (757 ) — 67 Trade Name 1,875 (344 ) — 1,531 Trademark 166 (33 ) — 133 $ 25,219 $ (5,359 ) $ (63 ) $ 19,797
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 July 31, 2016 $ 2,242 2017 2,242 2018 2,141 2019 1,799 2020 1,688 Thereafter 9,685 $ 19,797

Financing Arrangements (Tables)

Financing Arrangements (Tables)	9 Months Ended
	Jul. 31, 2015
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Debt consists of the following: July 31, October 31, 2014 Credit Agreement —interest rate of 2.93% for the period ended July 31, 2015 and 2.15% for the period ended October 31, 2014 $ 253,100 $ 260,500 Equipment security note 1,619 1,985 Capital lease obligations 5,722 6,967 Insurance broker financing agreement — 568 Total debt 260,441 270,020 Less: Current debt 1,355 1,918 Total long-term debt $ 259,086 $ 268,102
Schedule of Maturities of Debt [Table Text Block]	Scheduled repayments of debt for the next five years are listed below: Twelve Months Ending July 31, Credit Agreement Equipment Security Note Capital Lease Obligations Total 2016 $ — $ 498 $ 857 $ 1,355 2017 — 510 859 1,369 2018 — 523 893 1,416 2019 — 88 772 860 2020 253,100 — 442 253,542 Thereafter — — 1,899 1,899 Total $ 253,100 $ 1,619 $ 5,722 $ 260,441

Components of Net Periodic Bene

Components of Net Periodic Benefit Cost (Table)	9 Months Ended
	Jul. 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 and nine months ended July 31, 2015 and 2014 are as follows: Pension Benefits Other Post-Retirement Benefits Three Months Ended July 31, Three Months Ended July 31, 2015 2014 2015 2014 Interest cost $ 866 $ 937 $ 6 $ 9 Expected return on plan assets (1,174 ) (1,071 ) — — Recognized net actuarial loss 297 269 7 10 Net periodic (benefit) cost $ (11 ) $ 135 $ 13 $ 19 Pension Benefits Other Post-Retirement Benefits Nine Months Ended July 31, Nine Months Ended July 31, 2015 2014 2015 2014 Interest cost $ 2,599 $ 2,811 $ 18 $ 28 Expected return on plan assets (3,523 ) (3,211 ) — — Recognized net actuarial loss 890 806 21 31 Net periodic (benefit) cost $ (34 ) $ 406 $ 39 $ 59

Equity Matters (Tables)

Equity Matters (Tables)	9 Months Ended
	Jul. 31, 2015
Equity [Abstract]
Schedule of stock option activity	Activity in the Company’s incentive plan for the nine months ended July 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 (88,363 ) $9.83 Canceled (12,333 ) $7.19 Outstanding at July 31, 2014 135,438 $9.79 5.51 $976 Options exercisable at July, 2014 125,771 $9.93 5.37 $890 Options outstanding at November 1, 2014 123,333 $9.77 Options: Granted — $0.00 Exercised (19,317 ) $8.19 Canceled (11,350 ) $11.58 Outstanding at July 31, 2015 92,666 $9.77 4.51 $244 Options exercisable at July 31, 2015 92,666 $9.77 4.51 $244
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 July 31, Nine Months Ended July 31, 2015 2014 2015 2014 Net income available to common stockholders $ 1,981 $ 8,349 $ 10,777 $ 21,417 Basic weighted average shares 17,227 17,118 17,220 17,081 Effect of dilutive securities: Stock options 19 57 27 76 Diluted weighted average shares 17,246 17,175 17,247 17,157 Basic income per share $ 0.11 $ 0.49 $ 0.63 $ 1.25 Diluted income per share $ 0.11 $ 0.49 $ 0.62 $ 1.25

Fair Value of Financial Instr30

Fair Value of Financial Instruments Fair Value of Financial Instruments (Tables)	9 Months Ended
	Jul. 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 July 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 July 31, 2015: Interest Rate Swap Contracts $ (4,162 ) $ (4,162 ) Income Approach

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Loss Amounts Recognized Into Other Comprehensive Income (Tables)	9 Months Ended
	Jul. 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 gain (loss) 187 (359 ) (1,026 ) (8,648 ) (9,846 ) Balance at July 31, 2015 $ (27,184 ) $ (259 ) $ (2,584 ) $ (16,700 ) $ (46,727 ) 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 gain (loss) (316 ) 683 (843 ) (1,433 ) (1,909 ) Amounts reclassified from accumulated other comprehensive income — (365 ) — — (365 ) Net current-period other comprehensive income (loss) (316 ) 318 (843 ) (1,433 ) (2,274 ) Balance at July 31, 2014 $ (26,398 ) $ 318 $ (843 ) $ (1,433 ) $ (28,356 )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	For the Nine Months ended July 31, Affected line item in the Condensed Consolidated Statement of Income 2015 2014 Pension and Post-Retirement Plan Benefits Interest costs $ 2,617 $ 2,839 Selling, general and administrative expenses ("SG&A") (1) Return on plan assets (3,523 ) (3,211 ) SG&A (1) Net actuarial loss 911 837 SG&A (1) 5 465 Total before taxes 2 154 Income tax benefit Total reclassifications $ 7 $ 619 Net of taxes Marketable Securities Realized gain on sale of marketable securities — $ 365 Other income — $ (138 ) Income tax provision Total reclassifications — $ 227 Net of taxes

Business Segment Information Bu

Business Segment Information Business Segment Information (Tables)	9 Months Ended
	Jul. 31, 2015
Business Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Revenues of foreign geographic regions are attributed to external customers based upon the location of the entity recording the sale. These foreign revenues represent 14.8% and 15.9% for the three and nine months ended July 31, 2015 , respectively and 9.8% and 7.2% of total revenues for three and nine months ended July 31, 2014 , respectively. Long-lived assets consist primarily of net property, plant and equipment, goodwill and intangibles. Three Months Ended July 31, Nine Months Ended July 31, Revenues Foreign Currency (Gain) Loss Revenues Foreign Currency (Gain) Geographic Region: 2015 2014 2015 2014 2015 2014 2015 2014 Europe $ 30,682 $ 9,087 $ (207 ) $ 12 $ 97,425 $ 9,087 $ 622 $ 11 Mexico $ 10,125 $ 12,061 $ 147 $ (38 ) $ 31,494 $ 34,869 $ 193 $ (97 ) United States $ 234,394 $ 195,241 $ 683,366 $ 564,944 Total Company $ 275,201 $ 216,389 $ 812,285 $ 608,900 Long-Lived Assets Geographic Region: July 31, 2015 October 31, 2014 Europe $ 41,470 $ 44,151 Mexico $ 23,338 $ 24,611 United States $ 266,128 $ 267,001 Total Company $ 330,936 $ 335,763

Acquisitions Radar (Details)

Acquisitions Radar (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Oct. 31, 2014	Jul. 31, 2015	Apr. 28, 2015	Sep. 30, 2014
Business Acquisition [Line Items]
Intangible assets		$ 25,219
Radar Industries [Member]
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		4,500		$ 6,500
Escrow Deposits Disbursements, Funds Returned to Seller		509
Escrow Deposit Disbursements, Funds Returned to Company		1,296
Escrow Deposit Disbursements, Funds Returned to Company As a Reduction to Purchase Price		$ 195
Cash and cash equivalents			$ 75
Accounts receivable			14,374
Inventory			15,729
Prepaid assets and other			95
Property, plant and equipment			26,612
Goodwill			12,989
Intangible assets			6,090
Accounts payable and other			(18,285)
Net assets acquired			$ 57,679

Acquisitions Radar Goodwill and

Acquisitions Radar Goodwill and Intangibles (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended
	Oct. 31, 2014	Jul. 31, 2015	Apr. 28, 2015	Sep. 30, 2014
Business Acquisition [Line Items]
Intangible assets		$ 25,219
Radar Industries [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life		15 years
Intangible assets			$ 6,090
Intangibles Deductible for Tax Purposes				$ 6,090
Goodwill [Member] | Radar Industries [Member]
Business Acquisition [Line Items]
Goodwill Deductible for Tax Purposes				$ 30,374
Finite-Lived Intangible Asset, Useful Life	15 years
Customer Relationships [Member]
Business Acquisition [Line Items]
Intangible assets		$ 17,347
Customer Relationships [Member] | Radar Industries [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life		14 years
Intangible assets			3,710
Developed Technology Rights [Member]
Business Acquisition [Line Items]
Intangible assets		$ 5,007
Developed Technology Rights [Member] | Radar Industries [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life		10 years
Intangible assets			2,300
Noncompete Agreements [Member]
Business Acquisition [Line Items]
Intangible assets		$ 824
Noncompete Agreements [Member] | Radar Industries [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life		5 years
Intangible assets			$ 80

Acquisitions Finnveden (Details

Acquisitions Finnveden (Details) - Finnveden [Member] - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2015	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		37,474
Goodwill		6,681
Intangible assets		136
Other non-current assets		3,676
Accounts payable and other		(36,416)
Long term liabilities		(5,438)
Net assets acquired		$ 72,618

Acquisitions Finnveden Intangib

Acquisitions Finnveden Intangibles (Details) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2015	Jun. 30, 2014
Business Acquisition [Line Items]
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAdjustmentInFairValueOfPropertyPlantAndEquipment	$ 2,006
Intangible assets	25,219
Customer Relationships [Member]
Business Acquisition [Line Items]
Intangible assets	$ 17,347
Customer Relationships [Member] | Finnveden [Member]
Business Acquisition [Line Items]
Intangible assets		$ 136
Finite-Lived Intangible Asset, Useful Life	10 years

Finnveden and Radar Pro Forma R

Finnveden and Radar Pro Forma Results (Details) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015USD ($)$ / shares	Jul. 31, 2014USD ($)$ / shares	Jul. 31, 2015USD ($)$ / shares	Jul. 31, 2014USD ($)$ / shares
Business Acquisition [Line Items]
Revenue, Net	$ 275,201	$ 216,389	$ 812,285	$ 608,900
Business Acquisition, Pro Forma Revenue			283,945	840,861
Net Income (Loss) Attributable to Parent	$ 1,981	$ 8,349	10,777	21,417
Net income			$ 9,199	$ 28,350
Earnings Per Share, Basic | $ / shares	$ 0.11	$ 0.49	$ 0.63	$ 1.25
Basic earnings per share | $ / shares			0.54	1.66
Earnings Per Share, Diluted | $ / shares	$ 0.11	$ 0.49	0.62	1.25
Diluted earnings per share | $ / shares			$ 0.54	$ 1.65
Foreign Currency Exchange Rate During Period	8.848	6.669	7.983	6.649
Finnveden and Radar [Member]
Business Acquisition [Line Items]
Amortization of Intangible Assets	$ 57		$ 446	$ 62

Asset Impairment and Recoveri38

Asset Impairment and Recoveries (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Restructuring Cost and Reserve [Line Items]
Recovery of Impairment Charge	$ 0	$ 0	$ 0	$ 4,026
Mansfield Blanking Division [Member]
Restructuring Cost and Reserve [Line Items]
Recovery of Impairment Charge				$ 4,026

Related Party Receivables (Deta

Related Party Receivables (Details) - USD ($) $ in Thousands	Mar. 11, 2014	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014	Oct. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related-party accounts receivable		$ 752		$ 752		$ 533
Total marketable securities, net of tax		$ (168)	$ 251	$ (359)	$ 318
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	Jul. 31, 2015	Oct. 31, 2014
Inventory Disclosure [Abstract]
Raw Materials	$ 33,671	$ 36,417
Work-in-process	14,120	12,044
Finished goods	15,013	13,382
Total material	62,804	61,843
Tooling	31,616	29,460
Total inventory	94,420	91,303
Inventory Valuation Reserves	$ 3,718	$ 5,928

Property, Plant and Equipment (

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014	Oct. 31, 2014
Property, Plant and Equipment [Line Items]
Sale Leaseback Transaction, Gross Proceeds, Investing Activities	$ 9,854
Land and improvements	11,316		$ 11,316		$ 11,452
Buildings and improvements	116,666		116,666		117,776
Machinery and equipment	477,851		477,851		455,482
Furniture and fixtures	12,150		12,150		11,161
Construction in Progress	60,637		60,637		52,345
Total, at cost	678,620		678,620		648,216
Less: Accumulated depreciation	403,987		403,987		373,388
Property, plant and equipment, net	274,633		274,633		$ 274,828
Depreciation	$ 8,613	$ 6,664	$ 24,288	$ 18,459

Property, Plant and Equipment C

Property, Plant and Equipment Capital Leases Included in Property, Plant and Equipment (Details) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2015	Oct. 31, 2014
Property, Plant and Equipment [Abstract]
Machinery and equipment	$ 6,978	$ 7,639
Less: Accumulated depreciation	983	367
Leased property, net	5,995	$ 7,272
Property, Plant and Equipment, Transfers and Changes	$ (661)

Property, Plant and Equipment F

Property, Plant and Equipment Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Oct. 31, 2014
Future Capital Lease Payments [Line Items]
2,016	$ 1,355
2,017	1,369
2,018	1,416
2,019	860
2,020	253,542
Thereafter	1,899
Capital Leases, Future Minimum Payments, Interest Included in Payments	652
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments	$ 6,374
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%
Capital Lease Obligations [Member]
Future Capital Lease Payments [Line Items]
2,016	$ 857
2,017	859
2,018	893
2,019	772
2,020	442
Thereafter	1,899
Long-term Debt	$ 5,722	$ 6,967

Goodwill and Intangible Assets

Goodwill and Intangible Assets Changes in carrying amount of goodwill (Details) $ in Thousands	9 Months Ended
	Jul. 31, 2015USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill at beginning of period	$ 30,887
Goodwill, Acquired During Period	(635)
Goodwill, Other Changes	0
Foreign currency translation and other	(1,426)
Goodwill at end of period	$ 28,826

Goodwill and Intangible Asset45

Goodwill and Intangible Assets Changes in carrying amount of finite-lived intangible assets (Details) $ in Thousands	9 Months Ended
	Jul. 31, 2015USD ($)
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	$ 21,998
Amortization expense	(1,795)
Foreign currency translation and other	44
Intangible Assets, Net, End of Period	19,797
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Purchase Accounting Adjustments	(530)
Intangible Assets, Net, Beginning of Period	15,856
Amortization expense	(1,036)
Foreign currency translation and other	44
Intangible Assets, Net, End of Period	14,334
Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Purchase Accounting Adjustments	0
Intangible Assets, Net, Beginning of Period	4,311
Amortization expense	(579)
Foreign currency translation and other	0
Intangible Assets, Net, End of Period	3,732
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Purchase Accounting Adjustments	80
Intangible Assets, Net, Beginning of Period	62
Amortization expense	(75)
Foreign currency translation and other	0
Intangible Assets, Net, End of Period	67
Trade Name, Finite Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Purchase Accounting Adjustments	0
Intangible Assets, Net, Beginning of Period	1,624
Amortization expense	(93)
Foreign currency translation and other	0
Intangible Assets, Net, End of Period	1,531
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Purchase Accounting Adjustments	0
Intangible Assets, Net, Beginning of Period	145
Amortization expense	(12)
Foreign currency translation and other	0
Intangible Assets, Net, End of Period	133
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Purchase Accounting Adjustments	$ (450)

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014	Oct. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Cost	$ 25,219		$ 25,219
Accumulated Amortization	(5,359)		(5,359)
Finite-Lived Intangible Asset, Translation Adjustments at period end	(63)		(63)
Net	19,797		19,797		$ 21,998
Amortization of Intangible Assets	(486)	$ (545)	(1,795)	$ (1,635)
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	17,347		17,347
Accumulated Amortization	(2,950)		(2,950)
Finite-Lived Intangible Asset, Translation Adjustments at period end	(63)		(63)
Net	14,334		14,334		15,856
Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	5,007		5,007
Accumulated Amortization	(1,275)		(1,275)
Net	3,732		3,732		4,311
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	824		824
Accumulated Amortization	(757)		(757)
Finite-Lived Intangible Asset, Translation Adjustments at period end	0		0
Net	67		67		62
Trade Name, Finite Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	1,875		1,875
Accumulated Amortization	(344)		(344)
Net	1,531		1,531		1,624
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	166		166
Accumulated Amortization	(33)		(33)
Net	$ 133		$ 133		$ 145

Schedule of Amortization Expens

Schedule of Amortization Expense Next 5 Years (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets, Net of Translation adjustments	$ 486	$ 545	$ 1,795	$ 1,635
2,016	2,242		2,242
2,017	2,242		2,242
2,018	2,141		2,141
2,019	1,799		1,799
2,020	1,688		1,688
Thereafter	9,685		9,685
Total Future Amortization	$ 19,797		$ 19,797

Financing Balances at Period En

Financing Balances at Period End (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Oct. 31, 2014
Debt Instrument [Line Items]
Credit Agreement Interest Rate:	2.93%	2.15%
Total Debt	$ 260,441	$ 270,020
Debt, Current	1,355	1,918
Long-term Debt	259,086	268,102
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Debt	253,100	260,500
Notes Payable to Banks [Member]
Debt Instrument [Line Items]
Long-term Debt	1,619	1,985
Long-term Debt	1,121
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt	$ 5,722	$ 6,967

Financing Arrangements (Details

Financing Arrangements (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014	Apr. 29, 2015	Oct. 31, 2014	Feb. 24, 2014
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period			2.67%	1.93%
Letters of Credit Outstanding, Amount	$ 2,980		$ 2,980
Collateral Agreement	65.00%		65.00%
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	$ 1,355		$ 1,355
Long-term Debt, Excluding Current Maturities	259,086		$ 259,086			$ 268,102
Derivatives, Interest Rate Swap, Maturity			5 years
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	91	$ (282)	$ (1,026)	$ (843)
Interest Expense	2,885	$ 1,191	6,714	$ 3,004
Lender Group Two [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Increase Minimum					$ 25,000
Line of Credit Facility, Maximum Borrowing Capacity					360,000
Line of Credit Increase Maximum					$ 100,000
Line of Credit Facility, Remaining Borrowing Capacity	$ 105,020		$ 105,020
Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.05%		3.05%
Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.77%		3.77%
Insurance Financing Agreement [Member]
Debt Instrument [Line Items]
Short-term Debt	$ 0		$ 0			568
Notes Payable to Banks [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	2.47%		2.47%
Debt Instrument, Periodic Payment			$ 44
Long-term Debt	$ 1,619		1,619			1,985
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	498		498
Long-term Debt, Excluding Current Maturities	1,121		1,121
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt	5,722		5,722			$ 6,967
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	$ 857		857
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
Interest Expense			$ 108
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	1.25%
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	3.00%
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%
Base Rate [Member] | Maximum [Member] | Lender Group Two [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%

Schedule of Debt Maturities (De

Schedule of Debt Maturities (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Oct. 31, 2014
2,016	$ 1,355
2,017	1,369
2,018	1,416
2,019	860
2,020	253,542
Thereafter	1,899
Total Debt	260,441	$ 270,020
Revolving Credit Facility [Member]
2,016	0
2,017	0
2,018	0
2,019	0
2,020	253,100
Thereafter	0
Long-term Debt	253,100	260,500
Notes Payable to Banks [Member]
2,016	498
2,017	510
2,018	523
2,019	88
Long-term Debt	1,619	1,985
Capital Lease Obligations [Member]
2,016	857
2,017	859
2,018	893
2,019	772
2,020	442
Thereafter	1,899
Long-term Debt	$ 5,722	$ 6,967

Components of Net Periodic Be51

Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Pension Contributions	$ 950	$ 1,582	$ 2,820	$ 3,454
Estimated Future Employer Contributions in Next Fiscal Year	950
United States Pension Plans of US Entity, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	866	937	2,599	2,811
Expected return on plan assets	(1,174)	(1,071)	(3,523)	(3,211)
Recognized net actuarial net loss	297	269	890	806
Net periodic (benefit) cost	(11)	135	(34)	406
United States Postretirement Benefit Plans of US Entity, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	6	9	18	28
Expected return on plan assets	0	0	0	0
Recognized net actuarial net loss	7	10	21	31
Net periodic (benefit) cost	$ 13	$ 19	$ 39	$ 59

Pension and Other Post-Retire52

Pension and Other Post-Retirement Benefit Matters Non-U.S. Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014	Oct. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Contributions by Employer	$ 950	$ 1,582	$ 2,820	$ 3,454
POLAND | Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Contributions by Employer	$ 0			$ 0
Scenario, Forecast [Member] | POLAND | Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Accumulated Benefit Obligation					$ 695

Weighted Average Assumptions fo

Weighted Average Assumptions for Grants (Details) - $ / shares	3 Months Ended	9 Months Ended
	Jul. 31, 2015	Jul. 31, 2015	Jul. 31, 2014	Oct. 31, 2014
Class of Stock [Line Items]
Number of Shares Available for Grant	2,700,000	2,700,000
Maximum Number of Shares Per Employee		500,000
Common Stock, Shares, Outstanding	17,250,183	17,250,183		17,214,284
Restricted Stock [Member]
Class of Stock [Line Items]
Award, Shares Issued		89,500
Common Stock, Shares, Outstanding	23,332	23,332
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	10,000	94,005
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	3,750	13,750
Minimum [Member] | Restricted Stock [Member]
Class of Stock [Line Items]
Grant Date Fair Value		$ 12.90	$ 14.97
Maximum [Member] | Restricted Stock [Member]
Class of Stock [Line Items]
Grant Date Fair Value		$ 14.22	$ 20.64
Restricted Stock [Member]
Class of Stock [Line Items]
Common Stock, Shares, Outstanding	85,334	85,334

Stock Option Activity (Details)

Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Apr. 30, 2014
Number of Shares
Options, Outstanding Beginning of Period	123,333	236,134
Granted	0	0
Exercised	(19,317)	(88,363)
Canceled	(11,350)	(12,333)
Options, Outstanding End of Period	92,666
Options, Exercisable, End of Period	92,666
Weighted-Average Exercise Price
Options, Outstanding, Beginning of Period, Weighted Average Exercise Price Per Share	$ 9.77	$ 9.93
Granted, Weighted Average Exercise Price Per Share	0	0
Exercised, Weighted Average Exercise Price Per Share	8.19	9.83
Canceled, Weighted Average Exercise Price Per Share	11.58	$ 7.19
Options, Exercisable, Weighted Average Exercise Price Per Share	9.77		$ 9.93
Options, Outstanding, End of Period, Weighted Average Exercise Price Per Share	$ 9.77
Options Outstanding, Weighted Average Remaining Contractual Term	4 years 6 months 4 days	5 years 6 months 5 days
Options Outstanding, Intrinsic Value	$ 244		$ 976
Options Exercisable, Weighted Average Remaining Contractual Term	4 years 6 months 4 days	5 years 4 months 15 days
Options Exercisable, Intrinsic Value	$ 244		$ 890

Stock Compensation Expense (Det

Stock Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Class of Stock [Line Items]
Compensation Expense Recognized	$ 21	$ 15	$ 127
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		119,796	42,953
Restricted Stock [Member]
Class of Stock [Line Items]
Compensation Expense Recognized		$ 836	$ 303
Compensation Cost, Nonvested Awards, Not yet Recognized		$ 1,015

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		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Equity [Abstract]
Net income	$ 1,981	$ 8,349	$ 10,777	$ 21,417
Basic weighted average shares	17,227	17,118	17,220	17,081
Effect of dilutive securities:
Stock options	19	57	27	76
Diluted weighted average shares	17,246	17,175	17,247	17,157
Basic earnings per share	$ 0.11	$ 0.49	$ 0.63	$ 1.25
Diluted earnings per share	$ 0.11	$ 0.49	$ 0.62	$ 1.25

Fair Value of Financial Instr57

Fair Value of Financial Instruments Fair Value of Assets and Liabilities Measured on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Jul. 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	$ (4,162)	$ (2,510)

Accumulated Other Comprehensi58

Accumulated Other Comprehensive Loss Amounts Recognized Into Other Comprehensive Income (Details) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at start of period	$ (36,881)	$ (26,082)
Other comprehensive gain (loss)	(9,846)	(1,909)
Balance at end of period	(46,727)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax		(365)
Other Comprehensive Income (Loss), Net of Tax	(2,274)
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 gain (loss)	187	(316)
Balance at end of period	(27,184)
Other Comprehensive Income (Loss), Net of Tax		(316)
Marketable Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at start of period	100	0
Other comprehensive gain (loss)	(359)	683
Balance at end of period	(259)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax		(365)
Other Comprehensive Income (Loss), Net of Tax		318
Interest Rate Swap Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at start of period	(1,558)	0
Other comprehensive gain (loss)	(1,026)	(843)
Balance at end of period	(2,584)
Other Comprehensive Income (Loss), Net of Tax		(843)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at start of period	(8,052)	0
Other comprehensive gain (loss)	(8,648)	(1,433)
Balance at end of period	$ (16,700)
Other Comprehensive Income (Loss), Net of Tax		$ (1,433)

Accumulated Other Comprehensi59

Accumulated Other Comprehensive Loss Amounts Reclassified From Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income Tax Benefit	$ (2,480)	$ (335)	$ (5,772)	$ (6,136)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest costs			2,617	2,839
Return on plan assets			(3,523)	(3,211)
Return on plan assets			911	837
Income (Loss) from Continuing Operations Attributable to Noncontrolling Interest			5	465
Income Tax Benefit			(2)	(154)
Total reclassifications			7	619
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income Tax Benefit			0	138
Total reclassifications			0	227
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax			$ 0	$ 365

Business Segment Information 60

Business Segment Information Business Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014	Oct. 31, 2014
Segment Reporting Information [Line Items]
Revenue, Net	$ 275,201	$ 216,389	$ 812,285	$ 608,900
Long-Lived Assets	330,936		330,936		$ 335,763
Europe [Member] | Reportable Geographical Components [Member]
Segment Reporting Information [Line Items]
Revenue, Net	30,682	9,087	97,425	9,087
Long-Lived Assets	41,470		41,470		44,151
Foreign Currency Transaction Gain, before Tax	(207)	12	622	11
MEXICO | Reportable Geographical Components [Member]
Segment Reporting Information [Line Items]
Revenue, Net	10,125	12,061	31,494	34,869
Long-Lived Assets	23,338		23,338		24,611
Foreign Currency Transaction Gain, before Tax	147	(38)	193	(97)
UNITED STATES | Reportable Geographical Components [Member]
Segment Reporting Information [Line Items]
Revenue, Net	234,394	$ 195,241	683,366	$ 564,944
Long-Lived Assets	$ 266,128		$ 266,128		$ 267,001
Sales [Member] | Europe and Mexico [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	14.80%		15.90%	7.20%

Income Taxes Income Taxes (Deta

Income Taxes Income Taxes (Details) $ in Thousands	9 Months Ended
	Jul. 31, 2014USD ($)
Income Tax Disclosure [Abstract]
Research and Development Expense	$ 2,460

Uncategorized Items - shlo-2015

Label	Element	Value
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	$ 9.79
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	125,771
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	135,438
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax	us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax	$ (26,398)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax	us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax	(843)
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax	us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax	318
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax	us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax	$ (1,433)