Shiloh Industries (SHLO) 10-Q 3 Mar 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jan. 31, 2016	Mar. 02, 2016
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, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		17,340,017
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	Jan. 31, 2016	Oct. 31, 2015
ASSETS
Cash and cash equivalents	$ 6,802	$ 13,100
Investment in marketable securities	151	356
Accounts receivable, net of allowance for doubtful accounts of $550 and $821 at January 31, 2016 and October 31, 2015, respectively	155,324	194,373
Related-party accounts receivable	13	1,092
Prepaid income taxes	6,128	3,799
Inventory, net	60,920	58,179
Deferred income taxes	2,491	2,837
Prepaid expenses	43,136	48,267
Other Assets, Current	323	0
Total current assets	275,288	322,003
Property, plant and equipment, net	273,027	280,260
Goodwill	28,454	28,843
Intangible assets, net	18,983	19,543
Deferred income taxes	4,126	4,431
Other assets	12,827	11,509
Total assets	612,705	666,589
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current debt	1,774	2,080
Accounts payable	139,155	160,405
Other accrued expenses	32,179	34,459
Total current liabilities	173,108	196,944
Long-term Debt	276,400	298,873
Long-term benefit liabilities	16,030	17,376
Deferred income taxes	5,792	6,180
Interest rate swap agreement	5,760	4,989
Other liabilities	1,298	1,312
Total liabilities	$ 478,388	$ 525,674
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $.01 per share; 5,000,000 shares authorized; no shares issued and outstanding at January 31, 2016 and October 31, 2015, respectively	$ 0	$ 0
Common stock, par value $.01 per share; 25,000,000 shares authorized; 17,342,017 and 17,309,623 shares issued and outstanding at January 31, 2016 and October 31, 2015, respectively	173	173
Paid-in capital	69,509	69,334
Retained earnings	116,398	121,457
Accumulated other comprehensive loss, net	(51,763)	(50,049)
Total stockholders’ equity	134,317	140,915
Total liabilities and stockholders’ equity	$ 612,705	$ 666,589

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets - Parentheticals - USD ($) $ in Thousands	Jan. 31, 2016	Oct. 31, 2015
Allowance for Doubtful Accounts Receivable, Current	$ 550	$ 821
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	17,342,017	17,309,623
Common Stock, Shares, Outstanding	17,342,017	17,309,623
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
	Jan. 31, 2016	Jan. 31, 2015
Net revenues	$ 251,055	$ 245,866
Cost of sales	235,074	227,189
Gross profit	15,981	18,677
Selling, general and administrative expenses	17,584	13,615
Amortization of intangible assets	564	632
Operating income (loss)	(2,167)	4,430
Interest expense	4,352	1,762
Interest Income	(2)	(7)
Other (income) expense	396	(395)
Income (loss) before income taxes	(6,913)	3,070
Provision (benefit) for income taxes	(1,854)	627
Net income (loss)	$ (5,059)	$ 2,443
Earnings per share:
Basic earnings (loss) per share	$ (0.29)	$ 0.14
Basic weighted average number of common shares	17,342	17,215
Diluted earnings (loss) per share	$ (0.29)	$ 0.14
Diluted weighted average number of common shares	17,342	17,255

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (5,059)	$ 2,443
Recognized loss	310	296
Actuarial net loss	0	(6,156)
Asset net loss	0	(846)
Income tax benefit	(112)	2,537
Total defined benefit pension plans & other post retirement benefits, net of tax	198	(4,169)
Unrealized loss on marketable securities	(205)	(251)
Income tax benefit	65	88
Total marketable securities, net of tax	(140)	(163)
Unrealized loss on interest rate swap agreements	(1,105)	(2,420)
Income tax benefit	291	916
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	334	0
Change in fair value of derivative instruments, net of tax	(480)	(1,504)
Unrealized loss on foreign currency translation	(1,292)	(7,428)
Comprehensive loss, net	$ (6,773)	$ (10,821)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (5,059)	$ 2,443
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	9,289	8,732
Asset impairment, net	273	0
Amortization of deferred financing costs	621	149
Deferred income taxes	506	(104)
Stock-based compensation expense	189	199
Gain on sale of assets	(19)	(24)
Changes in operating assets and liabilities:
Accounts receivable	40,095	14,088
Inventories	(2,753)	(5,484)
Prepaids and other assets	5,035	445
Payables and other liabilities	(27,158)	(18,020)
Accrued income taxes	(2,330)	123
Net cash provided by operating activities	18,689	2,547
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(1,891)	(10,878)
Proceeds from sale of assets	135	72
Net cash used for investing activities	(1,756)	(10,806)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of capital leases	(212)	(207)
Proceeds from long-term borrowings	21,500	21,100
Repayments of long-term borrowings	(43,724)	(16,921)
Payment of deferred financing costs	(308)	0
Proceeds from exercise of stock options	0	52
Net cash provided by (used for) financing activities	(22,744)	4,024
Effect of foreign currency exchange rate fluctuations on cash	(487)	(730)
Net decrease in cash and cash equivalents	(6,298)	(4,965)
Cash and cash equivalents at beginning of period	13,100	12,014
Cash and cash equivalents at end of period	6,802	7,049
Supplemental Cash Flow Information:
Cash paid for interest	3,747	2,007
Cash paid for income taxes	90	301
Non-cash Investing and Financing Activities:
Capital equipment included in accounts payable	$ 2,222	$ 3,869

Basis of Presentation

Basis of Presentation	3 Months Ended
	Jan. 31, 2016
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, 2015 . Revenues and operating results for the three months ended January 31, 2016 are not necessarily indicative of the results to be expected for the full year. Prior Year Reclassification Certain prior year amounts have been reclassified to conform with current year presentation. In the current period, the Company reclassified certain prior year amounts related to tooling from inventory to prepaid expenses to conform with the current period presentation. Such reclassification is reflected in the consolidated statements of cash flows and management's discussion and analysis of financial condition and results of operations and resulted in a reclassification of $478 from inventory to prepaids and other assets for the three months ended January 31, 2015. Effective November 1, 2015, the Company changed its classification for recoveries of scrap and tooling as an offset to cost of sales as opposed to net revenues. The Company believes that recoveries of scrap represents the reimbursement of the material it is not able to use in production and, therefore, more appropriately reflected as an offset to cost of sales to allow for better comparability. For the three months ended January 31, 2015, $11,043 was reclassified from net revenues to cost of sales in the condensed consolidated statements of operations.

New Accounting Standards

New Accounting Standards	3 Months Ended
	Jan. 31, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	—New Accounting Standards In January 2016, Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-01, "Recognition and Measurement of Financial Assets and Financial Liabilities." ASU 2016-01 requires equity investments to be measured at fair value with changes in fair value recognized in net income; simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments; requires separate presentation of financial assets and financial liabilities by measurement category and form of financial assets on the balance sheet or the accompanying notes to the financial statements and clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. ASU 2016-01 is effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company is currently evaluating the impact that ASU 2016-01 will have on its statement of financial position or financial statement disclosures. In November 2015, FASB issued ASU 2015-17, "Balance Sheet Classification of Deferred Taxes." ASU 2015-17 requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. ASU 2015-17 is effective for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years, although early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact that ASU 2015-17 will have on its statement of financial position or financial statement disclosures. In July 2015, the FASB issued ASU 2015-11, "Inventory." ASU 2015-11 simplifies the measurement of inventory by requiring inventory to be measured at the lower of cost and net realizable value. ASU 2015-11 is effective for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. The Company does not expect ASU 2015-11 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 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. The FASB, through the issuance of ASU No. 2015-14, "Revenue from Contracts with Customers", approved a one year delay of the effective date and the new standard now is effective for reporting periods beginning after December 15, 2017 and permits two implementation approaches, one requiring retrospective application of the new standard with restatement of prior years and one requiring prospective application of the new standard with disclosure of results under old standards. The Company is currently evaluating the potential effects of this pronouncement and the implementation approach to be used.

Acquisitions

Acquisitions	3 Months Ended
	Jan. 31, 2016
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, 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. As of January 31, 2016 , $2,250 of funds remained in escrow, which is expected to be settled by September of 2016.

Related Party Receivables

Related Party Receivables	3 Months Ended
	Jan. 31, 2016
Related Party Receivables [Abstract]
Related Party Transactions Disclosure [Text Block]	Related Party Receivables The Company has sales to MTD Products Inc. and its affiliates of $33 and $924 for three months ended January 31, 2016 and 2015 , respectively. At January 31, 2016 and October 31, 2015 , the Company had related party receivable balances of $13 and $1,092 , respectively, due from MTD Products Inc. and its affiliates. As of January 31, 2016 , the Company had one joint venture in China. While the joint venture is consolidated in the Company's operations, operating activities in the first three months of 2016 were minimal. 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 $140 and $163 , net of tax, was recorded as a loss to other comprehensive loss for the three months ended January 31, 2016 and 2015 , respectively. The Company had sales to Velocys of $7 for three months ended January 31, 2016 and no sales for the three months ended January 31, 2015 . At January 31, 2016 , the Company had a receivable balances of $1 due from Velocys.

Inventories

Inventories	3 Months Ended
	Jan. 31, 2016
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Inventories Inventories consist of the following: January 31, 2016 October 31, 2015 Raw materials $ 24,808 $ 31,864 Work-in-process 15,933 10,994 Finished goods 20,179 15,321 Total inventory $ 60,920 $ 58,179 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 $2,927 and $2,347 at January 31, 2016 and October 31, 2015 , respectively.

Property, Plant and Equipment

Property, Plant and Equipment	3 Months Ended
	Jan. 31, 2016
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, Land and improvements $ 11,354 $ 11,330 Buildings and improvements 119,352 118,166 Machinery and equipment 489,105 488,047 Furniture and fixtures 17,992 13,901 Construction in progress 45,091 51,253 Total, at cost 682,894 682,697 Less: Accumulated depreciation 409,867 402,437 Property, plant and equipment, net $ 273,027 $ 280,260 Depreciation expense was $8,725 and $8,100 for the three months ended January 31, 2016 and January 31, 2015 , respectively. Capital Leases: January 31, October 31, Leased Property: Machinery and equipment $ 6,977 $ 7,019 Less: Accumulated depreciation 1,301 1,142 Leased property, net $ 5,676 $ 5,877 Total obligations under capital leases and future minimum rental payments to be made under capital leases at January 31, 2016 are as follows: Twelve Months Ending January 31, 2017 $ 856 2018 872 2019 869 2020 507 2021 2,084 5,188 Plus amount representing interest ranging from 3.05% to 3.77% 631 Future minimum rental payments $ 5,819

Prepaid Expenses Prepaid Expens

Prepaid Expenses Prepaid Expenses	3 Months Ended
	Jan. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Current Assets [Text Block]	Prepaid Expenses Prepaid expenses consist of the following: January 31, 2016 October 31, 2015 Tooling $ 36,475 $ 40,658 Prepaid other 6,661 7,609 Total $ 43,136 $ 48,267 Customer reimbursements for the development of molds, dies and tools (collectively, "tooling") related to new program awards that go into production over the next two years.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Jan. 31, 2016
Intangible Assets [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	Goodwill: The changes in the carrying amount of goodwill for the three months ended January 31, 2016 are as follows: Balance October 31, 2015 $ 28,843 Foreign currency translation and other (389 ) Balance January 31, 2016 $ 28,454 Intangible Assets The changes in the carrying amount of finite intangible assets for the three months ended January 31, 2016 are as follows: Customer Relationships Developed Technology Non-Compete Trade Name Trademark Total Balance October 31, 2015 $ 14,311 $ 3,540 $ 63 $ 1,500 $ 129 $ 19,543 Amortization expense (332 ) (193 ) (4 ) (30 ) (5 ) (564 ) Foreign currency translation and other 4 — — — — 4 Balance January 31, 2016 $ 13,983 $ 3,347 $ 59 $ 1,470 $ 124 $ 18,983 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: Weighted Average Useful Life (years) Gross Carrying Value Accumulated Amortization Foreign Currency Adjustment Net Customer relationships 13.2 $ 17,598 $ (3,591 ) $ (24 ) $ 13,983 Developed technology 7.3 5,007 (1,660 ) — 3,347 Non-compete 2.3 824 (765 ) — 59 Trade Name 14.8 1,875 (405 ) — 1,470 Trademark 10.0 166 (42 ) — 124 $ 25,470 $ (6,463 ) $ (24 ) $ 18,983 Total amortization expense was $564 and $632 for the three months ended January 31, 2016 and 2015 , respectively. Amortization expense related to intangible assets for the fiscal years ending is estimated to be as follows: Twelve Months Ending January 31, 2017 $ 2,262 2018 2,228 2019 2,025 2020 1,716 2021 1,705 Thereafter 9,047 $ 18,983

Financing Arrangements

Financing Arrangements	3 Months Ended
	Jan. 31, 2016
Debt Disclosure [Abstract]
Financing Arrangements [Text Block]	Financing Arrangements Debt consists of the following: January 31, October 31, 2015 Credit Agreement —interest rate of 4.87% at January 31, 2016 and 4.44% at October 31, 2015 $ 271,200 $ 293,300 Equipment security note 1,372 1,496 Capital lease obligations 5,188 5,434 Insurance broker financing agreement 414 723 Total debt 278,174 300,953 Less: Current debt 1,774 2,080 Total long-term debt $ 276,400 $ 298,873 At January 31, 2016 , the Company had total debt, excluding capital leases, of $272,986 , consisting of a revolving line of credit under the Credit Agreement of floating rate debt of $271,200 and fixed rate debt of $1,786 .The weighted average interest rate of all debt was 4.23% and 2.23% (as defined below) for the three months ended January 31, 2016 and January 31, 2015 , 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 October 30, 2015, the Company executed a Fifth Amendment (the "Fifth Amendment") to the Credit Agreement that increased the permitted leverage ratio with periodic reductions beginning after July 30, 2016. In addition, the Fifth Amendment permitted various investments as well as up to $40,000 aggregate outstanding principal amount of subordinated indebtedness, subject to certain conditions. Finally, the Fifth Amendment provided for a consolidated fixed charge coverage ratio, and provided for up to $50,000 of capital expenditures by the Company and its subsidiaries throughout the year ending October 31, 2016, subject to certain quarterly baskets. On April 29, 2015, the Company executed a Fourth Amendment to the Credit Amendment that maintained the commitment period to September 29, 2019 and allowed 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. The Fourth Amendment included scheduled commitment reductions beginning after January 30, 2016 as well as scheduled commitment reductions totaling $30,000 , allocated proportionately between the Aggregate Revolving A and B commitments. 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 Fifth Amendment provided for an interest rate margin on LIBOR loans of 1.50% to 4.00% and of 0.50% to 3.00% 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 January 31, 2016 , and October 31, 2015 . After considering letters of credit of $4,230 that the Company has issued, unused commitments under the Credit Agreement were $84,570 at January 31, 2016 . 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 August 3, 2015 , the Company entered into a finance agreement with an insurance broker for various insurance policies that bears interest at a fixed rate of 1.95% and requires monthly payments of $104 through May 2016 . As of January 31, 2016 , $414 of principal 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, 2016 , $1,372 remained outstanding under this agreement and $504 was classified as current debt and $868 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, 2016 , the present value of minimum lease payments under its capital leases amounted to $5,188 . 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 to manage interest rate exposure on the Company’s floating rate LIBOR based debt under the Credit Agreement. 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. The second notional amount of $25,000 commenced on September 1, 2015 with the final notional amount to commence on March 1, 2016. The base notional amount plus each incremental addition to the base notional amount has 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 loss of $480 and $1,504 , net of tax, for the three months ended January 31, 2016 and January 31, 2015 , respectively, which is reflected in other comprehensive loss. The first and second base notional amounts of $25,000 each or $50,000 total that commenced during 2015 resulted in realized losses of $334 of interest expense related to the interest rate swap settlements for the three months ended January 31, 2016 . Interest expense related to the interest rate swap settlements was not realized for the three months ended January 31, 2015 as the forward interest swap commenced the second quarter of fiscal 2015. Scheduled repayments of debt for the next five years are listed below: Twelve Months Ending January 31, Credit Agreement Equipment Security Note Capital Lease Obligations Other Debt Total 2017 $ — $ 504 $ 856 $ 414 $ 1,774 2018 — 516 872 — 1,388 2019 — 352 869 — 1,221 2020 271,200 — 507 — 271,707 2021 — — 2,084 — 2,084 Total $ 271,200 $ 1,372 $ 5,188 $ 414 $ 278,174

Pension and Other Post-Retireme

Pension and Other Post-Retirement Benefit Matters	3 Months Ended
	Jan. 31, 2016
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, 2016 and 2015 are as follows: Pension Benefits Other Post-Retirement Benefits Three Months Ended January 31, Three Months Ended January 31, 2016 2015 2016 2015 Interest cost $ 891 $ 866 $ 4 $ 6 Expected return on plan assets (1,142 ) (1,174 ) — — Amortization of net actuarial loss 310 297 3 7 Net periodic (benefit) cost $ 59 $ (11 ) $ 7 $ 13 The Company made contributions of $950 and $920 to the defined benefit pension plans during the three months ended January 31, 2016 and 2015 , respectively. No further contributions for the remainder of fiscal 2016 are required. 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 2016 are expected to be $665 based on actuarial reports. The Polish operations recognized $25 and $30 of expense for the three months ended January 31, 2016 and 2015 , respectively.

Equity Matters

Equity Matters	3 Months Ended
	Jan. 31, 2016
Equity [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [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. The following table summarizes the Company’s Incentive Plan activity for the three months ended January 31, 2016 and 2015 : Options Restricted Stock Awards Outstanding at: Options Weighted Average Exercise Price Restricted Shares Weighted Average Grant Date Fair Value November 1, 2014 123,333 $9.69 116,882 $16.81 Options exercised or restricted stock vested (6,000 ) $8.67 (15,000 ) $20.64 Forfeited or expired — — (3,000 ) $20.64 January 31, 2015 117,333 $9.74 98,882 $16.11 November 1, 2015 90,666 $9.70 124,255 $13.77 Granted — — 32,394 $5.22 Options exercised or restricted stock vested — — (15,564 ) $19.36 January 31, 2016 90,666 $9.70 141,085 $11.19 Restricted Stock Awards The grant date fair value of each restricted stock award equals the market price of the Company's common stock on its date of grant. Compensation expense is recorded at the grant date fair value, less an estimated forfeiture amount, and is recognized over the applicable vesting periods. The vesting periods range between three months and four years. During the three months ended January 31, 2016 and 2015 , the Company recorded compensation expense related to the restricted stock awards of $189 and $184 , respectively. As of January 31, 2016 , there was approximately $1,320 of total unrecognized compensation costs related to these restricted stock awards to be recognized over the next three fiscal years. Stock Options The exercise price of each stock option equals the market price of the Company's common stock on its grant date. Compensation expense is recorded at the grant date fair value, less an estimated forfeiture amount, and is recognized on a straight-line basis over the applicable vesting period. The Company's stock options generally vest over three years, with a maximum term of ten years. Incentive stock options were not granted during the three months ended January 31, 2016 and 2015 . For the three months ended January 31, 2016 and 2015 , the Company recorded compensation expense related to the stock options that vested during the period, effectively reducing pretax income by $0 and $15 , respectively. Stock options were not exercised during the three months ended January 31, 2016 . For the three months ended January 31, 2015 , cash received from the exercise of stock options was $52 . Options that have an exercise price greater than the market price are excluded from the intrinsic value computation. At both January 31, 2016 and January 31, 2015 , the exercise price of some of the Company's stock option grants were higher than the market value of the Company's stock. At January 31, 2016 and January 31, 2015 , the options outstanding and exercisable had an intrinsic value of $16 and $337 , respectively. The weighted average remaining contractual life for the options outstanding and exercisable at January 31, 2016 was 3.85 years . Earnings per Share Basic earnings per share is computed by dividing net income (loss) 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, 2016 approximately 467 stock awards were excluded from the computation of loss per common share due to the Company's net loss for the period. For the three months ended January 31, 2015 , approximately 100 stock awards were excluded from the computation of diluted earnings per share because they were anti-dilutive. The following is a reconciliation of the numerator and denominator of the basic and diluted earnings per share computation for net income per share: (Shares in thousands) Three Months Ended January 31, 2016 2015 Net income (loss) available to common stockholders $ (5,059 ) $ 2,443 Basic weighted average shares 17,342 17,215 Effect of dilutive securities: Stock options — 40 Diluted weighted average shares 17,342 17,255 Basic income (loss) per share $ (0.29 ) $ 0.14 Diluted income (loss) per share $ (0.29 ) $ 0.14

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Jan. 31, 2016
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, 2016 and October 31, 2015 are set forth in the table below: Asset (Liability) Level 2 Valuation Technique October 31, 2015: Interest Rate Swap Contracts $ (4,989 ) $ (4,989 ) Income Approach Marketable Securities 356 356 Income Approach January 31, 2016: Interest Rate Swap Contracts (5,760 ) (5,760 ) Income Approach Marketable Securities $ 151 $ 151 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. The Company calculates the fair value of its marketable securities by using the closing stock price on the last business day of the quarter.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Jan. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [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, 2016 is 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, 2015 $ (28,809 ) $ (341 ) $ (3,176 ) $ (17,723 ) $ (50,049 ) Other comprehensive loss 198 (140 ) (814 ) (1,292 ) (2,048 ) Amounts reclassified from accumulated other comprehensive loss (1) — — 334 — 334 Net current-period other comprehensive loss 198 (140 ) (480 ) (1,292 ) (1,714 ) Balance at January 31, 2016 $ (28,611 ) $ (481 ) $ (3,656 ) $ (19,015 ) $ (51,763 ) (1) Amounts reclassified from accumulated other comprehensive loss, net of tax are classified with interest expense included in the statements of operations.

Business Segment Information

Business Segment Information	3 Months Ended
	Jan. 31, 2016
Business Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Business Segment Information For the three months ended January 31, 2016 , the Company conducted its business and reported its information as one operating segment - Automotive and Commercial Vehicles. The Chief Operating Decision Maker has been identified as the Senior Leadership Team (SLT), which includes all Vice Presidents plus the Chief Executive Officer of the Company 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. Customers and suppliers are substantially the same in the automotive and commercial vehicle industry. Revenues of foreign geographic regions are attributed to external customers based upon the location of the entity recording the sale. These foreign revenues represent 17.0% and 16.3% for the three months ended January 31, 2016 and 2015 , respectively. Three Months Ended January 31, Revenues Geographic Region: 2016 2015 Europe $ 32,992 $ 30,742 Mexico $ 9,794 $ 9,455 United States $ 208,269 $ 205,669 Total Company $ 251,055 $ 245,866 Three Months Ended January 31, Foreign Currency (Gain) Loss Geographic Region: 2016 2015 Europe $ 697 $ (268 ) Mexico $ 25 $ (56 ) The foreign currency loss is included as a component of other (income) expense in the condensed consolidated statements of operations. Long-lived assets consist primarily of net property, plant and equipment, goodwill and intangibles. Long-Lived Assets Geographic Region: January 31, 2016 October 31, 2015 Europe $ 41,010 $ 43,247 Mexico $ 20,242 $ 20,501 United States $ 270,777 $ 276,407 Total Company $ 332,029 $ 340,155

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jan. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Commitments and Contingencies Litigation: A securities class action lawsuit was filed on September 21, 2015 in the United States District Court for the Southern District of New York against the Company and certain of its officers (Mr. Ramzi Hermiz and Mr. Thomas Dugan). As amended, the lawsuit claims in part that the Company issued inaccurate information to investors about, among other things, the Company’s earnings and income and its internal controls over financial reporting for fiscal 2014 and the first and second fiscal quarters of 2015 in violation of the Securities Exchange Act of 1934. The amended complaint seeks an award of damages in an unspecified amount on behalf of a putative class consisting of persons who purchased the Company's common stock between January 12, 2015 and September 14, 2015, inclusive. In addition, from time to time, the Company is involved in legal proceedings, claims or investigations that are incidental to the conduct of its business. The Company vigorously defends itself against such claims. In future periods, the Company could be subject to cash costs or non-cash charges to earnings if a matter is resolved on unfavorable terms. However, although the ultimate outcome of any legal matter cannot be predicted with certainty, based on current information, including its assessment of the merits of the particular claims, the Company does not expect that its legal proceedings or claims will have a material impact on its future consolidated financial condition, results of operations or cash flows.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Jan. 31, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consist of the following: January 31, 2016 October 31, 2015 Raw materials $ 24,808 $ 31,864 Work-in-process 15,933 10,994 Finished goods 20,179 15,321 Total inventory $ 60,920 $ 58,179

Property Plant and Equipment (T

Property Plant and Equipment (Tables)	3 Months Ended
	Jan. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property, plant and equipment consist of the following: January 31, October 31, Land and improvements $ 11,354 $ 11,330 Buildings and improvements 119,352 118,166 Machinery and equipment 489,105 488,047 Furniture and fixtures 17,992 13,901 Construction in progress 45,091 51,253 Total, at cost 682,894 682,697 Less: Accumulated depreciation 409,867 402,437 Property, plant and equipment, net $ 273,027 $ 280,260
Schedule of Capital Leased Assets [Table Text Block]	January 31, October 31, Leased Property: Machinery and equipment $ 6,977 $ 7,019 Less: Accumulated depreciation 1,301 1,142 Leased property, net $ 5,676 $ 5,877
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	uture minimum rental payments to be made under capital leases at January 31, 2016 are as follows: Twelve Months Ending January 31, 2017 $ 856 2018 872 2019 869 2020 507 2021 2,084 5,188 Plus amount representing interest ranging from 3.05% to 3.77% 631 Future minimum rental payments $ 5,819

Prepaid Expenses Prepaid Expe24

Prepaid Expenses Prepaid Expenses (Tables)	3 Months Ended
	Jan. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	Prepaid expenses consist of the following: January 31, 2016 October 31, 2015 Tooling $ 36,475 $ 40,658 Prepaid other 6,661 7,609 Total $ 43,136 $ 48,267

Goodwil and Intangible Assets (

Goodwil and Intangible Assets (Tables)	3 Months Ended
	Jan. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	The changes in the carrying amount of goodwill for the three months ended January 31, 2016 are as follows: Balance October 31, 2015 $ 28,843 Foreign currency translation and other (389 ) Balance January 31, 2016 $ 28,454
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Customer Relationships Developed Technology Non-Compete Trade Name Trademark Total Balance October 31, 2015 $ 14,311 $ 3,540 $ 63 $ 1,500 $ 129 $ 19,543 Amortization expense (332 ) (193 ) (4 ) (30 ) (5 ) (564 ) Foreign currency translation and other 4 — — — — 4 Balance January 31, 2016 $ 13,983 $ 3,347 $ 59 $ 1,470 $ 124 $ 18,983
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	: Weighted Average Useful Life (years) Gross Carrying Value Accumulated Amortization Foreign Currency Adjustment Net Customer relationships 13.2 $ 17,598 $ (3,591 ) $ (24 ) $ 13,983 Developed technology 7.3 5,007 (1,660 ) — 3,347 Non-compete 2.3 824 (765 ) — 59 Trade Name 14.8 1,875 (405 ) — 1,470 Trademark 10.0 166 (42 ) — 124 $ 25,470 $ (6,463 ) $ (24 ) $ 18,983
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, 2017 $ 2,262 2018 2,228 2019 2,025 2020 1,716 2021 1,705 Thereafter 9,047 $ 18,983

Financing Arrangements (Tables)

Financing Arrangements (Tables)	3 Months Ended
	Jan. 31, 2016
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Debt consists of the following: January 31, October 31, 2015 Credit Agreement —interest rate of 4.87% at January 31, 2016 and 4.44% at October 31, 2015 $ 271,200 $ 293,300 Equipment security note 1,372 1,496 Capital lease obligations 5,188 5,434 Insurance broker financing agreement 414 723 Total debt 278,174 300,953 Less: Current debt 1,774 2,080 Total long-term debt $ 276,400 $ 298,873
Schedule of Maturities of Debt [Table Text Block]	Scheduled repayments of debt for the next five years are listed below: Twelve Months Ending January 31, Credit Agreement Equipment Security Note Capital Lease Obligations Other Debt Total 2017 $ — $ 504 $ 856 $ 414 $ 1,774 2018 — 516 872 — 1,388 2019 — 352 869 — 1,221 2020 271,200 — 507 — 271,707 2021 — — 2,084 — 2,084 Total $ 271,200 $ 1,372 $ 5,188 $ 414 $ 278,174

Components of Net Periodic Bene

Components of Net Periodic Benefit Cost (Table)	3 Months Ended
	Jan. 31, 2016
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, 2016 and 2015 are as follows: Pension Benefits Other Post-Retirement Benefits Three Months Ended January 31, Three Months Ended January 31, 2016 2015 2016 2015 Interest cost $ 891 $ 866 $ 4 $ 6 Expected return on plan assets (1,142 ) (1,174 ) — — Amortization of net actuarial loss 310 297 3 7 Net periodic (benefit) cost $ 59 $ (11 ) $ 7 $ 13

Equity Matters (Tables)

Equity Matters (Tables)	3 Months Ended
	Jan. 31, 2016
Equity [Abstract]
Schedule of stock option activity	Company’s Incentive Plan activity for the three months ended January 31, 2016 and 2015 : Options Restricted Stock Awards Outstanding at: Options Weighted Average Exercise Price Restricted Shares Weighted Average Grant Date Fair Value November 1, 2014 123,333 $9.69 116,882 $16.81 Options exercised or restricted stock vested (6,000 ) $8.67 (15,000 ) $20.64 Forfeited or expired — — (3,000 ) $20.64 January 31, 2015 117,333 $9.74 98,882 $16.11 November 1, 2015 90,666 $9.70 124,255 $13.77 Granted — — 32,394 $5.22 Options exercised or restricted stock vested — — (15,564 ) $19.36 January 31, 2016 90,666 $9.70 141,085 $11.19
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, 2016 2015 Net income (loss) available to common stockholders $ (5,059 ) $ 2,443 Basic weighted average shares 17,342 17,215 Effect of dilutive securities: Stock options — 40 Diluted weighted average shares 17,342 17,255 Basic income (loss) per share $ (0.29 ) $ 0.14 Diluted income (loss) per share $ (0.29 ) $ 0.14

Fair Value of Financial Instr29

Fair Value of Financial Instruments Fair Value of Financial Instruments (Tables)	3 Months Ended
	Jan. 31, 2016
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, 2016 and October 31, 2015 are set forth in the table below: Asset (Liability) Level 2 Valuation Technique October 31, 2015: Interest Rate Swap Contracts $ (4,989 ) $ (4,989 ) Income Approach Marketable Securities 356 356 Income Approach January 31, 2016: Interest Rate Swap Contracts (5,760 ) (5,760 ) Income Approach Marketable Securities $ 151 $ 151 Income Approach

Accumulated Other Comprehensi30

Accumulated Other Comprehensive Loss Amounts Recognized Into Other Comprehensive Loss (Tables)	3 Months Ended
	Jan. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)	Changes in accumulated other comprehensive loss in stockholders' equity by component for the three months ended January 31, 2016 is 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, 2015 $ (28,809 ) $ (341 ) $ (3,176 ) $ (17,723 ) $ (50,049 ) Other comprehensive loss 198 (140 ) (814 ) (1,292 ) (2,048 ) Amounts reclassified from accumulated other comprehensive loss (1) — — 334 — 334 Net current-period other comprehensive loss 198 (140 ) (480 ) (1,292 ) (1,714 ) Balance at January 31, 2016 $ (28,611 ) $ (481 ) $ (3,656 ) $ (19,015 ) $ (51,763 ) (1) Amounts reclassified from accumulated other comprehensive loss, net of tax are classified with interest expense included in the statements of operations.

Business Segment Information Bu

Business Segment Information Business Segment Information (Tables)	3 Months Ended
	Jan. 31, 2016
Business Segment Reporting [Abstract]
Revenue from External Customers by Geographic Areas [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 17.0% and 16.3% for the three months ended January 31, 2016 and 2015 , respectively. Three Months Ended January 31, Revenues Geographic Region: 2016 2015 Europe $ 32,992 $ 30,742 Mexico $ 9,794 $ 9,455 United States $ 208,269 $ 205,669 Total Company $ 251,055 $ 245,866
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended January 31, Foreign Currency (Gain) Loss Geographic Region: 2016 2015 Europe $ 697 $ (268 ) Mexico $ 25 $ (56 ) The foreign currency loss is included as a component of other (income) expense in the condensed consolidated statements of operations.
Long-lived Assets by Geographic Areas [Table Text Block]	Long-lived assets consist primarily of net property, plant and equipment, goodwill and intangibles. Long-Lived Assets Geographic Region: January 31, 2016 October 31, 2015 Europe $ 41,010 $ 43,247 Mexico $ 20,242 $ 20,501 United States $ 270,777 $ 276,407 Total Company $ 332,029 $ 340,155

Basis of Presentation Prior Yea

Basis of Presentation Prior Year Reclassification (Details) $ in Thousands	3 Months Ended
	Jan. 31, 2016USD ($)
Cost of Sales [Member]
Prior Period Reclassification Adjustment	$ 11,043
Prepaid Expenses and Other Current Assets [Member]
Prior Period Reclassification Adjustment	$ 478

Acquisitions Radar (Details)

Acquisitions Radar (Details) $ in Thousands	Jan. 31, 2016USD ($)
Radar Industries [Member]
Business Acquisition [Line Items]
Business Combinations, Recognized Identifiable Assets Acquired And Liabilities Assumed, Cash In Escrow	$ 2,250

Related Party Receivables (Deta

Related Party Receivables (Details) - USD ($) $ in Thousands	Mar. 11, 2014	Jan. 31, 2016	Jan. 31, 2015	Oct. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related-party accounts receivable		$ 13		$ 1,092
Total marketable securities, net of tax		(140)	$ (163)
MTD Holdings Inc. [Member] | Significant Shareholder [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenue from Related Parties		33	$ 924
Related-party accounts receivable				1,092
Velocys [Member] | Investee [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenue from Related Parties		$ 7
Related-party accounts receivable				$ 1
Payments to Acquire Marketable Securities	$ 2,000
Marketable Securities	1,527
Premium Paid, Investments	$ 473

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Oct. 31, 2015
Inventory Disclosure [Abstract]
Raw Materials	$ 24,808	$ 31,864
Work-in-process	15,933	10,994
Finished goods	20,179	15,321
Total inventory	60,920	58,179
Inventory Valuation Reserves	$ 2,927	$ 2,347

Property, Plant and Equipment (

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Oct. 31, 2015
Property, Plant and Equipment [Abstract]
Land and improvements	$ 11,354		$ 11,330
Buildings and improvements	119,352		118,166
Machinery and equipment	489,105		488,047
Furniture and fixtures	17,992		13,901
Construction in Progress	45,091		51,253
Total, at cost	682,894		682,697
Less: Accumulated depreciation	409,867		402,437
Property, plant and equipment, net	273,027		$ 280,260
Depreciation	$ 8,725	$ 8,100

Property, Plant and Equipment C

Property, Plant and Equipment Capital Leases Included in Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Oct. 31, 2015
Property, Plant and Equipment [Abstract]
Machinery and equipment	$ 6,977	$ 7,019
Less: Accumulated depreciation	1,301	1,142
Leased property, net	$ 5,676	$ 5,877

Property, Plant and Equipment F

Property, Plant and Equipment Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Oct. 31, 2015
Future Capital Lease Payments [Line Items]
2,017	$ 1,774
2,018	1,388
2,019	1,221
2,020	271,707
2,021	2,084
Long-term Debt		$ 272,986
Capital Leases, Future Minimum Payments, Interest Included in Payments	631
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments	$ 5,819
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]
2,017	$ 856
2,018	872
2,019	869
2,020	507
2,021	2,084
Long-term Debt	$ 5,188	$ 5,434

Prepaid Expenses Prepaid Expe39

Prepaid Expenses Prepaid Expenses (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Oct. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Tooling	$ 36,475	$ 40,658
Other Prepaid Expense, Current	6,661	7,609
Total	$ 43,136	$ 48,267

Goodwill and Intangible Assets

Goodwill and Intangible Assets Changes in carrying amount of goodwill (Details) $ in Thousands	3 Months Ended
	Jan. 31, 2016USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill at beginning of period	$ 28,843
Foreign currency translation and other	(389)
Goodwill at end of period	$ 28,454

Goodwill and Intangible Asset41

Goodwill and Intangible Assets Changes in carrying amount of finite-lived intangible assets (Details) $ in Thousands	3 Months Ended
	Jan. 31, 2016USD ($)
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	$ 19,543
Amortization expense	(564)
Foreign currency translation and other	4
Intangible Assets, Net, End of Period	18,983
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	14,311
Amortization expense	(332)
Foreign currency translation and other	4
Intangible Assets, Net, End of Period	13,983
Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	3,540
Amortization expense	(193)
Foreign currency translation and other	0
Intangible Assets, Net, End of Period	3,347
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	63
Amortization expense	(4)
Foreign currency translation and other	0
Intangible Assets, Net, End of Period	59
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	1,500
Amortization expense	(30)
Foreign currency translation and other	0
Intangible Assets, Net, End of Period	1,470
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	129
Amortization expense	(5)
Foreign currency translation and other	0
Intangible Assets, Net, End of Period	$ 124

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Oct. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Cost	$ 25,470
Accumulated Amortization	(6,463)
Finite-Lived Intangible Asset, Translation Adjustments at period end	(24)
Net	18,983		$ 19,543
Amortization of Intangible Assets	$ (564)	$ (632)
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	13 years 2 months 14 days
Cost	$ 17,598
Accumulated Amortization	(3,591)
Finite-Lived Intangible Asset, Translation Adjustments at period end	(24)
Net	$ 13,983		14,311
Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	7 years 3 months 1 day
Cost	$ 5,007
Accumulated Amortization	(1,660)
Net	$ 3,347		3,540
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	2 years 3 months 14 days
Cost	$ 824
Accumulated Amortization	(765)
Net	$ 59		63
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	14 years 9 months 14 days
Cost	$ 1,875
Accumulated Amortization	(405)
Net	$ 1,470		1,500
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years 14 days
Cost	$ 166
Accumulated Amortization	(42)
Net	$ 124		$ 129

Schedule of Amortization Expens

Schedule of Amortization Expense Next 5 Years (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets, Net of Translation adjustments	$ 564	$ 632
2,016	2,262
2,017	2,228
2,018	2,025
2,019	1,716
2,020	9,047
Thereafter	1,705
Total Future Amortization	$ 18,983

Financing Balances at Period En

Financing Balances at Period End (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Oct. 31, 2015
Debt Instrument [Line Items]
Credit Agreement Interest Rate:	4.87%	4.44%
Long-term Debt		$ 272,986
Total Debt	$ 278,174	300,953
Debt, Current	1,774	2,080
Long-term Debt	276,400	298,873
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Debt	271,200	293,300
Notes Payable to Banks [Member]
Debt Instrument [Line Items]
Long-term Debt	1,372	1,496
Long-term Debt		868
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt	5,188	5,434
Insurance Financing Agreement [Member]
Debt Instrument [Line Items]
Short-term Debt	$ 414	$ 723

Financing Arrangements (Details

Financing Arrangements (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Oct. 31, 2015	Oct. 30, 2015	Sep. 01, 2015	Apr. 29, 2015	Feb. 24, 2014
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period	4.23%	2.23%
Letters of Credit Outstanding, Amount	$ 4,230
Collateral Agreement			65.00%
Long-term Debt			$ 272,986
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	1,774
Long-term Debt, Excluding Current Maturities	$ 276,400		298,873
Derivatives, Interest Rate Swap, Maturity	5 years
Other Comprehensive Loss, Unrealized Loss on Derivatives Arising During Period, Net of Tax	$ (480)	$ (1,504)
Interest Expense	$ 4,352	$ 1,762
Lender Group Two [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Increase Minimum						$ 25,000
Line of Credit Increase Maximum						100,000
Line of Credit Facility, Maximum Borrowing Capacity						$ 360,000
Line of Credit, Committed Reductions			30,000
Line of Credit Facility, Remaining Borrowing Capacity			$ 84,570
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%
Maximum [Member] | Lender Group Two [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Capacity Available for Debt Issuance				$ 40,000
Line of Credit Facility, Capacity Available for Specific Purpose Other than for Trade Purchases				$ 50,000
Insurance Financing Agreement [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			1.95%
Debt Instrument, Periodic Payment	$ 104
Short-term Debt	414		$ 723
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	414
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Debt	271,200		$ 293,300
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	0
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	1,372		$ 1,496
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	504
Long-term Debt, Excluding Current Maturities			868
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt	5,188		5,434
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	$ 856
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, Notional Amount, Amount Per Base							$ 25,000
Derivative, Incremental Amounts					$ 50,000		$ 25,000
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%
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	4.00%
Base Rate [Member] | Minimum [Member] | Lender Group Two [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Base Rate [Member] | Maximum [Member] | Lender Group Two [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	3.00%
Fixed Rate Debt [Member]
Debt Instrument [Line Items]
Long-term Debt			$ 1,786
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Lender Group Two [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest Expense	$ 334

Schedule of Debt Maturities (De

Schedule of Debt Maturities (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Oct. 31, 2015
2,017	$ 1,774
2,018	1,388
2,019	1,221
2,020	271,707
2,021	2,084
Long-term Debt		$ 272,986
Total Debt	278,174	300,953
Revolving Credit Facility [Member]
2,017	0
2,018	0
2,019	0
2,020	271,200
2,021	0
Long-term Debt	271,200	293,300
Notes Payable to Banks [Member]
2,017	504
2,018	516
2,019	352
2,020	0
2,021	0
Long-term Debt	1,372	1,496
Capital Lease Obligations [Member]
2,017	856
2,018	872
2,019	869
2,020	507
2,021	2,084
Long-term Debt	5,188	5,434
Insurance Financing Agreement [Member]
2,017	414
Short-term Debt	$ 414	$ 723

Components of Net Periodic Be47

Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Pension Contributions	$ 950	$ 920
United States Pension Plans of US Entity, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	891	866
Expected return on plan assets	(1,142)	(1,174)
Recognized net actuarial net loss	310	297
Net periodic (benefit) cost	59	(11)
United States Postretirement Benefit Plans of US Entity, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	4	6
Expected return on plan assets	0	0
Recognized net actuarial net loss	3	7
Net periodic (benefit) cost	$ 7	$ 13

Pension and Other Post-Retire48

Pension and Other Post-Retirement Benefit Matters Non-U.S. Plans (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Contributions by Employer	$ 950	$ 920
POLAND | Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Accumulated Benefit Obligation	665
Defined Benefit Plan, Contributions by Employer	$ 25	$ 30

Weighted Average Assumptions fo

Weighted Average Assumptions for Grants (Details) - shares	3 Months Ended
	Jan. 31, 2016	Oct. 31, 2015
Class of Stock [Line Items]
Number of Shares Available for Grant		2,700,000
Maximum Number of Shares Per Employee	500,000

Stock Option and Restricted Sto

Stock Option and Restricted Stock Activity (Details) - $ / shares	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Weighted Average Grant Date Fair Value
Not Vested, Weighted Average Grant Date Fair Value	$ 13.77
Restricted Stock, Nonvested, Beginning of Period	124,255
Number of Shares
Options, Outstanding Beginning of Period	90,666	123,333
Granted		0
Exercised	0	(6,000)
Canceled		0
Options, Outstanding End of Period		117,333
Weighted-Average Exercise Price
Options, Outstanding, Beginning of Period, Weighted Average Exercise Price Per Share	$ 9.70	$ 9.69
Granted, Weighted Average Exercise Price Per Share		0
Exercised, Weighted Average Exercise Price Per Share	0	8.67
Canceled, Weighted Average Exercise Price Per Share		0
Options, Outstanding, End of Period, Weighted Average Exercise Price Per Share		9.74
Restricted Stock [Member]
Weighted Average Grant Date Fair Value
Not Vested, Weighted Average Grant Date Fair Value		16.11
Granted, Weighted Average Grant Date Fair Value	5.22
Vested, Weighted Average Grant Date Fair Value	19.36	20.64
Forfeited, Weighted Average Grant Date Fair Value		20.64
Not Vested, Weighted Average Grant Date Fair Value	$ 11.19	$ 16.81
Restricted Stock, Nonvested, Beginning of Period	141,085	116,882
Restricted Stock, Granted	32,394
Restricted Stock, Vested	15,564	15,000
Restricted Stock, Forfeited		3,000
Restricted Stock, Nonvested, End of Period		98,882

Stock Compensation Expense (Det

Stock Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Class of Stock
Compensation Expense Recognized	$ 0	$ 15
Stock Issued During Period, Value, Stock Options Exercised		52
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value		337
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	3 years 10 months 7 days
Restricted Stock [Member]
Class of Stock
Compensation Expense Recognized	$ 189	$ 184
Compensation Cost, Nonvested Awards, Not yet Recognized	$ 1,320

Reconciliation of Numerator and

Reconciliation of Numerator and Denominator of the basic and diluted earnings per share computation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Equity [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	467,000	100,000
Net income (loss)	$ (5,059)	$ 2,443
Basic weighted average shares	17,342,000	17,215,000
Effect of dilutive securities:
Stock options	0	40,000
Diluted weighted average shares	17,342,000	17,255,000
Basic earnings (loss) per share	$ (0.29)	$ 0.14
Diluted earnings (loss) per share	$ (0.29)	$ 0.14

Fair Value of Financial Instr53

Fair Value of Financial Instruments Fair Value of Assets and Liabilities Measured on a Recurring and Nonrecurring Basis (Details) - Fair Value, Measurements, Recurring [Member] - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Thousands	Jan. 31, 2016	Oct. 31, 2015
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Rate Swap Contracts	$ (5,760)	$ (4,989)
Available-for-sale Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Rate Swap Contracts	$ 151	$ 356

Accumulated Other Comprehensi54

Accumulated Other Comprehensive Loss Amounts Recognized Into Other Comprehensive Loss (Details) $ in Thousands	3 Months Ended
	Jan. 31, 2016USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at October 31, 2015	$ 140,915
Balance at January 31, 2016	134,317
Pension and Post Retirement Plan Liability [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at October 31, 2015	(28,809)
Other comprehensive loss	198
Net current-period other comprehensive loss	198
Balance at January 31, 2016	(28,611)
Marketable Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at October 31, 2015	(341)
Other comprehensive loss	(140)
Net current-period other comprehensive loss	(140)
Balance at January 31, 2016	(481)
Interest Rate Swap Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at October 31, 2015	(3,176)
Other comprehensive loss	(814)
Amounts reclassified from accumulated other comprehensive income	334
Net current-period other comprehensive loss	(480)
Balance at January 31, 2016	(3,656)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at October 31, 2015	(17,723)
Other comprehensive loss	(1,292)
Net current-period other comprehensive loss	(1,292)
Balance at January 31, 2016	(19,015)
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at October 31, 2015	(50,049)
Other comprehensive loss	(2,048)
Amounts reclassified from accumulated other comprehensive income	334
Net current-period other comprehensive loss	(1,714)
Balance at January 31, 2016	$ (51,763)

Business Segment Information 55

Business Segment Information Business Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Oct. 31, 2015
Segment Reporting Information [Line Items]
Revenue, Net	$ 251,055	$ 245,866
Long-Lived Assets	333,291		$ 340,155
Europe [Member] | Reportable Geographical Components [Member]
Segment Reporting Information [Line Items]
Revenue, Net	32,992	30,742
Foreign Currency Transaction Gain, before Tax	697	(268)
Long-Lived Assets	41,010		43,247
MEXICO | Reportable Geographical Components [Member]
Segment Reporting Information [Line Items]
Revenue, Net	9,794	9,455
Foreign Currency Transaction Gain, before Tax	25	(56)
Long-Lived Assets	20,242		20,501
UNITED STATES | Reportable Geographical Components [Member]
Segment Reporting Information [Line Items]
Revenue, Net	208,269	$ 205,669
Long-Lived Assets	$ 270,777		$ 276,407
Sales [Member] | Europe and Mexico [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	17.00%	16.30%