Shiloh Industries (SHLO) 10-Q 8 Jun 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Apr. 30, 2016	Jun. 07, 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	Apr. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		17,615,374
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	Apr. 30, 2016	Oct. 31, 2015
ASSETS
Cash and cash equivalents	$ 4,860	$ 13,100
Investment in marketable securities	182	356
Accounts receivable, net of allowance for doubtful accounts of $709 and $821 at April 30, 2016 and October 31, 2015, respectively	183,500	194,373
Related-party accounts receivable	1,978	1,092
Prepaid income taxes	1,981	3,799
Inventory, net	60,908	58,179
Deferred income taxes	2,483	2,837
Prepaid expenses and other assets	37,285	48,267
Total current assets	293,177	322,003
Property, plant and equipment, net	269,242	280,260
Goodwill	28,923	28,843
Intangible assets, net	18,418	19,543
Deferred income taxes	4,858	4,431
Other assets	17,400	11,509
Total assets	632,018	666,589
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current debt	1,497	2,080
Accounts payable	158,516	160,405
Accrued income taxes	103	0
Other accrued expenses	35,881	34,459
Total current liabilities	195,997	196,944
Long-term Debt	266,276	298,873
Long-term benefit liabilities	15,777	17,376
Deferred income taxes	6,153	6,180
Interest rate swap agreement	5,726	4,989
Other liabilities	896	1,312
Total liabilities	$ 490,825	$ 525,674
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $.01 per share; 5,000,000 shares authorized; no shares issued and outstanding at April 30, 2016 and October 31, 2015, respectively	$ 0	$ 0
Common stock, par value $.01 per share; 50,000,000 and 25,000,000 shares authorized at April 30, 2016 and October 31, 2015, respectively; 17,615,374 and 17,309,623 shares issued and outstanding at April 30, 2016 and October 31, 2015, respectively	176	173
Paid-in capital	69,769	69,334
Retained earnings	119,455	121,457
Accumulated other comprehensive loss, net	(48,207)	(50,049)
Total stockholders’ equity	141,193	140,915
Total liabilities and stockholders’ equity	$ 632,018	$ 666,589

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets - Parentheticals - USD ($) $ in Thousands	Apr. 30, 2016	Oct. 31, 2015
Allowance for Doubtful Accounts Receivable, Current	$ 709	$ 821
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	25,000,000
Common stock, shares issued	17,615,374	17,309,623
Common Stock, Shares, Outstanding	17,615,374	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		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Net revenues	$ 284,264	$ 272,300	$ 535,319	$ 518,165
Cost of sales	259,039	244,345	494,113	471,533
Gross profit	25,225	27,955	41,206	46,632
Selling, general and administrative expenses	16,992	16,869	34,576	30,484
Amortization of intangible assets	565	677	1,129	1,309
Operating income	7,668	10,409	5,501	14,839
Interest expense	4,520	2,067	8,872	3,829
Interest Income	(4)	(7)	(6)	(14)
Other (income) expense	83	(669)	479	(1,064)
Income (loss) before income taxes	3,069	9,018	(3,844)	12,088
Provision (benefit) for income taxes	12	2,665	(1,842)	3,292
Net income (loss)	$ 3,057	$ 6,353	$ (2,002)	$ 8,796
Earnings per share:
Basic earnings (loss) per share	$ 0.17	$ 0.37	$ (0.11)	$ 0.51
Basic weighted average number of common shares	17,615	17,211	17,615	17,217
Diluted earnings (loss) per share	$ 0.17	$ 0.37	$ (0.11)	$ 0.51
Diluted weighted average number of common shares	17,620	17,236	17,615	17,248

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 3,057	$ 6,353	$ (2,002)	$ 8,796
Amortization of net actuarial loss	310	297	620	593
Actuarial net gain (loss)	0	5,473	0	(683)
Asset net gain	0	1,237	0	391
Income tax provision	(112)	(2,651)	(224)	(114)
Total defined benefit pension plans & other post retirement benefits, net of tax	198	4,356	396	187
Unrealized gain (loss) on marketable securities	31	(43)	(175)	(294)
Income tax benefit (provision)	(10)	15	55	103
Total marketable securities, net of tax	21	(28)	(120)	(191)
Unrealized gain (loss) on interest rate swap agreements	(299)	622	(1,404)	(1,798)
Income tax benefit (provision)	(23)	(235)	268	680
Reclassification adjustments for settlement of derivatives included in net income	332	0	666	0
Change in fair value of derivative instruments, net of tax	10	387	(470)	(1,118)
Foreign currency translation gain (loss)	3,178	(158)	1,887	(7,585)
Reclassification adjustments for settlement of foreign currency included in net income	149	0	149	0
Unrealized gain (loss) on foreign currency translation, net of tax	3,327	(158)	2,036	(7,585)
Comprehensive income (loss), net	$ 6,613	$ 10,910	$ (160)	$ 89

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (2,002)	$ 8,796
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	18,873	16,984
Asset impairment, net	273	0
Amortization of deferred financing costs	1,244	298
Deferred income taxes	(2)	684
Stock-based compensation expense	451	542
Gain on sale of assets	(26)	(17)
Changes in operating assets and liabilities:
Accounts receivable	11,909	(12,929)
Inventories	(2,172)	158
Prepaids and other assets	6,663	(2,658)
Payables and other liabilities	(5,608)	(9,074)
Accrued income taxes	1,934	774
Net cash provided by operating activities	31,537	3,558
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(8,818)	(21,785)
Proceeds from sale of assets	1,166	123
Net cash used for investing activities	(7,652)	(21,662)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of capital leases	(403)	(435)
Proceeds from long-term borrowings	63,300	62,500
Repayments of long-term borrowings	(95,649)	(44,143)
Payment of deferred financing costs	(308)	(1,256)
Proceeds from exercise of stock options	0	155
Net cash provided by (used for) financing activities	(33,060)	16,821
Effect of foreign currency exchange rate fluctuations on cash	935	(796)
Net decrease in cash and cash equivalents	(8,240)	(2,079)
Cash and cash equivalents at beginning of period	13,100	12,014
Cash and cash equivalents at end of period	4,860	9,935
Supplemental Cash Flow Information:
Cash paid for interest	7,641	3,734
Cash paid for (refund of) income taxes	(3,203)	2,176
Non-cash Activities:
Capital equipment included in accounts payable	$ 3,823	$ 3,703

Basis of Presentation

Basis of Presentation	6 Months Ended
	Apr. 30, 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 six months ended April 30, 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 condensed consolidated statements of cash flows and management's discussion and analysis of financial condition and results of operations and resulted in a reclassification of $28,013 from inventory to prepaids and other assets for the six months ended April 30, 2015 . In the current period, the Company reclassified certain prior year amounts related to machinery and equipment from construction in process to non-current other assets to conform with the current period presentation. Such reclassification is reflected in the condensed consolidated statements of cash flows resulting in a reclassification of $1,879 from capital expenditures to prepaids and other assets for the six months ended April 30, 2015 . In the current period, the Company reclassified certain prior year amounts from machinery and equipment to accumulated depreciation totaling $7,433 for the fiscal year ended October 31, 2015 , which on a net basis had no impact on overall property, plant and equipment, net. 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 and six months ended April 30, 2015 , $7,875 and $18,919 , respectively, was reclassified from net revenues to cost of sales in the condensed consolidated statements of operations.

New Accounting Standards

New Accounting Standards	6 Months Ended
	Apr. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	—New Accounting Standards In March 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-09, "Compensation - Stock Compensation." ASU 2016-09 simplifies several aspects of the accounting for employee share-based payment transactions, including the income tax consequences, classification of awards as either equity of liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact that ASU 2016-01 will have on its statement of financial position or financial statement disclosures. In February 2016, the FASB issued ASU No. 2016-02, "Leases" which requires a lessee to recognize the assets and liabilities that arise from leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee have not significantly changed from the previous guidance within Accounting Standards Codification ("ASC") Topic 840, Leases. For operating leases, a lessee is required to do the following: (1) recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments, in the statement of financial position, (2) recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term on a generally straight-line basis and (3) classify all cash payments within operating activities in the statement of cash flows. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. If a lessee makes this election, it should recognize lease expense for such leases generally on a straight-line basis over the lease term. AUS 2016-02 is effective for public entities for fiscal years and interim periods within those years, beginning after December 15, 2018, with early adoption permitted. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach, which includes a number of optional practical expedients that entities may elect to apply. We are currently assessing the potential impact of the new requirements under the standard. In January 2016, the FASB issued ASU 2016-01, "Recognition and Measurement of Financial Assets and Financial Liabilities." ASU 2016-01 to amend certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. Most prominent among the amendments is the requirement for changes in the fair value of the Company's equity investments, with certain exceptions, to be recognized through net income rather than other comprehensive income ("OCI"). 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 application of the amendments will result in a cumulative-effect adjustment to our consolidated balance sheet as of the effective date. 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, the 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. During the second quarter, the FASB issued ASUs 2016-10 and 2016-12, which provides further clarification on the implementation guidance on principal versus agent considerations. The Company is currently evaluating the potential effects of this pronouncement and the implementation approach to be used.

Acquisitions

Acquisitions	6 Months Ended
	Apr. 30, 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 operations from the acquisition date. As of April 30, 2016 , $2,250 of funds remained in escrow, which is expected to be settled by September of 2016.

Related Party Receivables

Related Party Receivables	6 Months Ended
	Apr. 30, 2016
Related Party Receivables [Abstract]
Related Party Transactions Disclosure [Text Block]	Related Party Receivables The Company had sales to MTD Products Inc. and its affiliates of $2,052 and $2,085 for the three and six months ended April 30, 2016 , respectively, and $2,863 and $3,787 for the three and six months ended April 30, 2015 , respectively. At April 30, 2016 and October 31, 2015 , the Company had related party receivable balances of $1,978 and $1,092 , respectively, due from MTD Products Inc. and its affiliates. As of April 30, 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 six months of 2016 were minimal. On March 11, 2014, the Company entered into a manufacturing agreement with Velocys, plc. 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 favorable adjustment of $21 and a cumulative market-to-market unfavorable adjustment of $120 , net of tax, was recorded as income/loss to other comprehensive income (loss) for the three and six months ended April 30, 2016 , respectively. A cumulative market-to-market unfavorable adjustment of $28 and $191 , net of tax, was recorded as a loss to other comprehensive income (loss) for the three and six months ended April 30, 2015 , respectively. The Company had zero sales to Velocys for the three months ended April 30, 2016 and had sales of $7 for the six months ended April 30, 2016 and $197 for both the three and six months ended April 30, 2015 . At April 30, 2016 and October 31, 2015 , the Company had a related party receivable balance of $0 and $9 , respectively, due from Velocys.

Inventories

Inventories	6 Months Ended
	Apr. 30, 2016
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Inventories Inventories consist of the following: April 30, 2016 October 31, 2015 Raw materials $ 25,756 $ 31,864 Work-in-process 15,819 10,994 Finished goods 19,333 15,321 Total inventory $ 60,908 $ 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 $2,986 and $2,347 at April 30, 2016 and October 31, 2015 , respectively.

Prepaid Expenses Prepaid Expens

Prepaid Expenses Prepaid Expenses	6 Months Ended
	Apr. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Current Assets [Text Block]	Prepaid Expenses and Other Assets Prepaid expenses and other assets consist of the following: April 30, 2016 October 31, 2015 Tooling (1) $ 28,274 $ 40,658 Prepaid other 8,900 7,609 Other current assets 111 — Total $ 37,285 $ 48,267 (1) 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

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Apr. 30, 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: April 30, October 31, Land and improvements $ 11,344 $ 11,330 Buildings and improvements 117,254 118,166 Machinery and equipment 488,997 488,047 Furniture and fixtures 18,430 13,901 Construction in progress 41,759 51,253 Total, at cost 677,784 682,697 Less: Accumulated depreciation 408,542 402,437 Property, plant and equipment, net $ 269,242 $ 280,260 Depreciation expense was $8,571 and $7,575 for the three months ended April 30, 2016 and April 30, 2015 , respectively, and $17,296 and $15,675 for the six months ended April 30, 2016 and April 30, 2015 , respectively. Capital Leases: April 30, October 31, Leased Property: Machinery and equipment $ 7,295 $ 7,019 Less: Accumulated depreciation 1,466 1,142 Leased property, net $ 5,829 $ 5,877 Total obligations under capital leases and future minimum rental payments to be made under capital leases at April 30, 2016 are as follows: Twelve Months Ending April 30, 2017 $ 887 2018 903 2019 854 2020 453 2021 2,126 5,223 Plus amount representing interest ranging from 3.05% to 3.77% 626 Future minimum rental payments $ 5,849

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Apr. 30, 2016
Intangible Assets [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	Goodwill: The changes in the carrying amount of goodwill for the six months ended April 30, 2016 are as follows: Balance October 31, 2015 $ 28,843 Foreign currency translation and other 80 Balance April 30, 2016 $ 28,923 Intangible Assets The changes in the carrying amount of finite intangible assets for the six months ended April 30, 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 (665 ) (386 ) (8 ) (62 ) (8 ) (1,129 ) Foreign currency translation and other 4 — — — — 4 Balance April 30, 2016 $ 13,650 $ 3,154 $ 55 $ 1,438 $ 121 $ 18,418 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 $ (3,924 ) $ (24 ) $ 13,650 Developed technology 7.3 5,007 (1,853 ) — 3,154 Non-compete 2.3 824 (769 ) — 55 Trade Name 14.8 1,875 (437 ) — 1,438 Trademark 10.0 166 (45 ) — 121 $ 25,470 $ (7,028 ) $ (24 ) $ 18,418 Total amortization expense was $565 and $1,129 for the three and six months ended April 30, 2016 , respectively, and $677 and $1,309 for the three and six months ended April 30, 2015 , respectively. Amortization expense related to intangible assets for the fiscal years ending is estimated to be as follows: Twelve Months Ending April 30, 2017 $ 2,262 2018 2,195 2019 1,923 2020 1,712 2021 1,705 Thereafter 8,621 $ 18,418

Financing Arrangements

Financing Arrangements	6 Months Ended
	Apr. 30, 2016
Debt Disclosure [Abstract]
Financing Arrangements [Text Block]	Financing Arrangements Debt consists of the following: April 30, October 31, 2015 Credit Agreement—interest rate of 5.11% at April 30, 2016 and 4.44% at October 31, 2015 $ 261,200 $ 293,300 Equipment security note 1,246 1,496 Capital lease obligations 5,223 5,434 Insurance broker financing agreement 104 723 Total debt 267,773 300,953 Less: Current debt 1,497 2,080 Total long-term debt $ 266,276 $ 298,873 At April 30, 2016 , the Company had total debt, excluding capital leases, of $262,550 , consisting of a revolving line of credit under the Credit Agreement of floating rate debt of $261,200 and fixed rate debt of $1,350 . The weighted average interest rate of all debt was 4.45% and 2.43% (as defined below) for the six months ended April 30, 2016 and April 30, 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 (the "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 original revolving commitment 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. On April 30, 2016, the first committed reduction of $5,000 decreased the existing revolving commitment to $355,000 , subject to the Company's pro forma compliance with financial covenants. 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 April 30, 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 $89,570 at April 30, 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 April 30, 2016 , $104 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 April 30, 2016 , $1,246 remained outstanding under this agreement and $506 was classified as current debt and $740 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 April 30, 2016 , the present value of minimum lease payments under its capital leases amounted to $5,223 . 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 and the final notional amount of $25,000 commenced 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 gain of $10 and a loss of $470 , net of tax, for the three and six months ended April 30, 2016 , respectively, which is reflected in other comprehensive income (loss). The base notional amounts of $25,000 each or $75,000 total that commenced during 2015 and the first six months of fiscal 2016 resulted in realized losses of $332 and $666 of interest expense related to the interest rate swap settlements for the three and six months ended April 30, 2016 , respectively. Interest expense related to the interest rate swap settlements was not realized for the three and six months ended April 30, 2015 as the Company entered into the swap during the second quarter of fiscal 2015. Scheduled repayments of debt for the next five years are listed below: Twelve Months Ending April 30, Credit Agreement Equipment Security Note Capital Lease Obligations Other Debt Total 2017 $ — $ 506 $ 887 $ 104 $ 1,497 2018 — 521 903 — 1,424 2019 — 219 854 — 1,073 2020 261,200 — 453 — 261,653 2021 — — 2,126 — 2,126 Total $ 261,200 $ 1,246 $ 5,223 $ 104 $ 267,773

Pension and Other Post-Retireme

Pension and Other Post-Retirement Benefit Matters	6 Months Ended
	Apr. 30, 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 and six months ended April 30, 2016 and 2015 are as follows: Pension Benefits Other Post-Retirement Benefits Three Months Ended April 30, Three Months Ended April 30, 2016 2015 2016 2015 Interest cost $ 892 $ 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 $ 60 $ (11 ) $ 7 $ 13 Pension Benefits Other Post-Retirement Benefits Six Months Ended April 30, Six Months Ended April 30, 2016 2015 2016 2015 Interest cost $ 1,783 $ 1,733 $ 8 $ 12 Expected return on plan assets (2,284 ) (2,349 ) — — Amortization of net actuarial loss 620 593 6 14 Net periodic (benefit) cost $ 119 $ (23 ) $ 14 $ 26 The Company made one contribution of $950 to the defined pension plans during the six months ended April 30, 2016 and $950 and $1,870 to the defined pension plans during the three and six months ended April 30, 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 $736 based on actuarial reports. The Polish operations recognized $27 and $52 of expense for the three and six months ended April 30, 2016 and $30 and $60 of expense for the three and six months ended April 30, 2015 , respectively.

Equity Matters

Equity Matters	6 Months Ended
	Apr. 30, 2016
Equity [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Stock Incentive Compensation falls under the scope of FASB ASC Topic 718 "Compensation – Stock Compensation" and affects the stock awards 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. For stock options, the Company has elected to use the simplified method of calculating the expected term 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. For restricted stock and restricted stock units, the Company is computing fair value based on a twenty day Exponential Moving Average ("EMA") as of the close of business the Friday preceding the award date. 2016 Equity and Incentive Compensation Plan On March 9, 2016, stockholders approved and adopted the 2016 Equity and Incentive Compensation Plan ("2016 Plan") which replaced the Amended and Restated 1993 Key Employee Stock Incentive Program. The 2016 Plan authorizes the Compensation Committee of the Board of Directors of the Company to grant to officers and other key employees, including directors, of the Company and its subsidiaries (i) option rights, (ii) appreciation rights, (iii) restricted shares, (iv) restricted stock units, (v) cash incentive awards, performance shares and performance units and (vi) other awards. An aggregate of 1,500,000 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 option and / or appreciation rights is limited to 500,000 shares during any calendar year. Also, an individual's award of restricted shares, restricted share units and performance based awards is limited to 350,000 shares during any calendar year. The Compensation Committee of our Board of Directors approved the grant of restricted stock and restricted stock units under the 2016 Plan shown in the table below during the six months ended April 30, 2016 : Granted 20 Day EMA Restricted Stock 276,856 $4.17 Restricted Stock Units 21,539 $4.17 The following table summarizes the Company’s Incentive Plan activity for the six months ended April 30, 2016 and 2015 : Stock Options Restricted Stock Restricted Stock Units Outstanding at: Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Restricted Shares 20 Day EMA (1) Weighted Average Remaining Contractual Life Restricted Share Units 20 Day EMA (1) November 1, 2014 123,333 $9.69 5.15 116,882 $16.81 2.58 — — Granted — — 22,504 $14.22 — — Options exercised or restricted stock vested (18,650 ) $8.30 (25,000 ) $18.87 — — Forfeited or expired (11,350 ) $11.58 (6,750 ) $20.64 — — April 30, 2015 93,333 $9.74 4.51 107,636 $15.55 1.68 — — November 1, 2015 90,666 $9.70 4.10 124,255 $13.77 2.28 — — Granted — — 309,251 $4.28 21,539 $4.17 Options exercised or restricted stock vested — — (21,458 ) $16.64 — — Forfeited or expired (1,000 ) $12.04 (1,500 ) $10.13 — — April 30, 2016 89,666 $9.67 3.59 410,548 $6.48 2.25 21,539 $4.17 (1) 20 day EMA effective with commencement of the 2016 Plan on March 9, 2016. The Company recorded stock compensation expense related to stock options, restricted stock and restricted stock units during the three and six months ended April 30, 2016 and 2015 as follows: Three Months Ended April 30, Six Months Ended April 30, 2016 2015 2016 2015 Stock options $ — $ — $ — $ 15 Restricted stock 253 344 442 527 Restricted stock units 9 — 9 — Total $ 262 $ 344 $ 451 $ 542 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 and six months ended April 30, 2016 and 2015 . Stock options were not exercised during the three and six months ended April 30, 2016 . Options that have an exercise price greater than the market price are excluded from the intrinsic value computation. At both April 30, 2016 and April 30, 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 April 30, 2016 and April 30, 2015 , the options outstanding and exercisable had an intrinsic value of $64 and $244 , respectively. Restricted Stock Awards The grant date fair value of each restricted stock award equals the fair value of the Company's common stock based on a 20 day exponential moving average as of the close of business on the Friday preceding the award date. 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 one to four years. As of April 30, 2016 , there was approximately $2,009 of total unrecognized compensation expense related to non-vested restricted stock that is expected to be recognized over the next three fiscal years. Restricted Stock Units The grant date fair value of each restricted stock unit equals the fair value of the Company's common stock based on a 20 day exponential moving average as of the close of business on the Friday preceding the award date. 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 one to three years. As of April 30, 2016 , there was approximately $76 of total unrecognized compensation expense related to these restricted stock units that is expected to be recognized over the next three fiscal 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 six months ended April 30, 2016 and 2015 , approximately 481 and 85 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 April 30, Six Months Ended April 30, 2016 2015 2016 2015 Net income (loss) available to common stockholders $ 3,057 $ 6,353 $ (2,002 ) $ 8,796 Basic weighted average shares 17,615 17,211 17,615 17,217 Effect of dilutive securities: Stock options 5 25 — 31 Diluted weighted average shares 17,620 17,236 17,615 17,248 Basic income (loss) per share $ 0.17 $ 0.37 $ (0.11 ) $ 0.51 Diluted income (loss) per share $ 0.17 $ 0.37 $ (0.11 ) $ 0.51

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Apr. 30, 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 April 30, 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 April 30, 2016: Interest Rate Swap Contracts (5,726 ) (5,726 ) Income Approach Marketable Securities $ 182 $ 182 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	6 Months Ended
	Apr. 30, 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 April 30, 2016 is as follows: Pension and Post Retirement Plan Liability Marketable Securities Adjustment Interest Rate Swap Adjustment (1) Foreign Currency Translation Adjustment (2) Accumulated Other Comprehensive Loss Balance at January 31, 2016 $ (28,611 ) $ (481 ) $ (3,656 ) $ (19,015 ) $ (51,763 ) Other comprehensive income (loss) 198 20 (322 ) 3,179 3,075 Amounts reclassified from accumulated other comprehensive loss — — 332 149 481 Net current-period other comprehensive income 198 20 10 3,328 3,556 Balance at April 30, 2016 $ (28,413 ) $ (461 ) $ (3,646 ) $ (15,687 ) $ (48,207 ) Changes in accumulated other comprehensive loss in stockholders' equity by component for the six months ended April 30, 2016 is as follows: Pension and Post Retirement Plan Liability Marketable Securities Adjustment Interest Rate Swap Adjustment (1) Foreign Currency Translation Adjustment (2) Accumulated Other Comprehensive Loss Balance at October 31, 2015 $ (28,809 ) $ (341 ) $ (3,176 ) $ (17,723 ) $ (50,049 ) Other comprehensive income (loss) 396 (120 ) (1,136 ) 1,887 1,027 Amounts reclassified from accumulated other comprehensive loss — — 666 149 815 Net current-period other comprehensive income (loss) 396 (120 ) (470 ) 2,036 1,842 Balance at April 30, 2016 $ (28,413 ) $ (461 ) $ (3,646 ) $ (15,687 ) $ (48,207 ) (1) Amounts reclassified from accumulated other comprehensive loss, net of tax are classified with interest expense included in the statements of operations. (2) Amounts reclassified from accumulated other comprehensive loss, net of tax are classified with foreign currency translation included in the statements of operations.

Business Segment Information

Business Segment Information	6 Months Ended
	Apr. 30, 2016
Business Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Business Segment Information For the six months ended April 30, 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 17.1% for both the three and six months ended April 30, 2016 and 16.8% and 16.6% for the three and six months ended April 30, 2015 , respectively. Three Months Ended April 30, Six Months Ended April 30, Revenues Revenues Geographic Region: 2016 2015 2016 2015 Europe $ 41,545 $ 35,062 $ 74,537 $ 65,804 Mexico $ 6,950 $ 10,618 $ 16,744 $ 20,072 United States $ 235,769 $ 226,620 $ 444,038 $ 432,289 Total Company $ 284,264 $ 272,300 $ 535,319 $ 518,165 Three Months Ended April 30, Six Months Ended April 30, Foreign Currency (Gain) Loss Foreign Currency (Gain) Loss Geographic Region: 2016 2015 2016 2015 Europe $ (780 ) $ (560 ) $ (82 ) $ (828 ) Mexico $ 31 $ 9 $ 55 $ (47 ) 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: April 30, 2016 October 31, 2015 Europe $ 46,783 $ 43,247 Mexico $ 20,482 $ 20,501 United States $ 265,573 $ 276,407 Total Company $ 332,838 $ 340,155

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Apr. 30, 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 (the President and Chief Executive Office and Vice President of Finance and Treasurer). 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. The Company and such officers filed a Motion to Dismiss this lawsuit with the United States District Court for the Southern District of New York on April 18, 2016. A shareholder derivative lawsuit was filed on April 1, 2016 in the Court of Common Pleas, Medina County, Ohio against the Company's President and Chief Executive Office and Vice President of Finance and Treasurer and members of the Company’s Board of Directors. The lawsuit claims in part that the defendants breached their fiduciary duties owed to the Company by failing to exercise appropriate oversight over the Company's accounting controls, leading to the accounting issues and the restatement announced in September 2015. The complaint seeks a judgment against the individual defendants and in favor of the Company for money damages, plus miscellaneous non-monetary relief. On May 2, 2016, the Court entered a stipulated order staying this case pending the outcome of the Motion to Dismiss in the securities class action lawsuit described in the previous paragraph. 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)	6 Months Ended
	Apr. 30, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consist of the following: April 30, 2016 October 31, 2015 Raw materials $ 25,756 $ 31,864 Work-in-process 15,819 10,994 Finished goods 19,333 15,321 Total inventory $ 60,908 $ 58,179

Prepaid Expenses Prepaid Expe23

Prepaid Expenses Prepaid Expenses (Tables)	6 Months Ended
	Apr. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	Prepaid expenses and other assets consist of the following: April 30, 2016 October 31, 2015 Tooling (1) $ 28,274 $ 40,658 Prepaid other 8,900 7,609 Other current assets 111 — Total $ 37,285 $ 48,267 (1) 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.

Property Plant and Equipment (T

Property Plant and Equipment (Tables)	6 Months Ended
	Apr. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property, plant and equipment consist of the following: April 30, October 31, Land and improvements $ 11,344 $ 11,330 Buildings and improvements 117,254 118,166 Machinery and equipment 488,997 488,047 Furniture and fixtures 18,430 13,901 Construction in progress 41,759 51,253 Total, at cost 677,784 682,697 Less: Accumulated depreciation 408,542 402,437 Property, plant and equipment, net $ 269,242 $ 280,260
Schedule of Capital Leased Assets [Table Text Block]	April 30, October 31, Leased Property: Machinery and equipment $ 7,295 $ 7,019 Less: Accumulated depreciation 1,466 1,142 Leased property, net $ 5,829 $ 5,877
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	Total obligations under capital leases and future minimum rental payments to be made under capital leases at April 30, 2016 are as follows: Twelve Months Ending April 30, 2017 $ 887 2018 903 2019 854 2020 453 2021 2,126 5,223 Plus amount representing interest ranging from 3.05% to 3.77% 626 Future minimum rental payments $ 5,849

Goodwil and Intangible Assets (

Goodwil and Intangible Assets (Tables)	6 Months Ended
	Apr. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	The changes in the carrying amount of goodwill for the six months ended April 30, 2016 are as follows: Balance October 31, 2015 $ 28,843 Foreign currency translation and other 80 Balance April 30, 2016 $ 28,923
Schedule of Finite-Lived Intangible Assets [Table Text Block]	The changes in the carrying amount of finite intangible assets for the six months ended April 30, 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 (665 ) (386 ) (8 ) (62 ) (8 ) (1,129 ) Foreign currency translation and other 4 — — — — 4 Balance April 30, 2016 $ 13,650 $ 3,154 $ 55 $ 1,438 $ 121 $ 18,418
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	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 $ (3,924 ) $ (24 ) $ 13,650 Developed technology 7.3 5,007 (1,853 ) — 3,154 Non-compete 2.3 824 (769 ) — 55 Trade Name 14.8 1,875 (437 ) — 1,438 Trademark 10.0 166 (45 ) — 121 $ 25,470 $ (7,028 ) $ (24 ) $ 18,418
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 April 30, 2017 $ 2,262 2018 2,195 2019 1,923 2020 1,712 2021 1,705 Thereafter 8,621 $ 18,418

Financing Arrangements (Tables)

Financing Arrangements (Tables)	6 Months Ended
	Apr. 30, 2016
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Debt consists of the following: April 30, October 31, 2015 Credit Agreement—interest rate of 5.11% at April 30, 2016 and 4.44% at October 31, 2015 $ 261,200 $ 293,300 Equipment security note 1,246 1,496 Capital lease obligations 5,223 5,434 Insurance broker financing agreement 104 723 Total debt 267,773 300,953 Less: Current debt 1,497 2,080 Total long-term debt $ 266,276 $ 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 April 30, Credit Agreement Equipment Security Note Capital Lease Obligations Other Debt Total 2017 $ — $ 506 $ 887 $ 104 $ 1,497 2018 — 521 903 — 1,424 2019 — 219 854 — 1,073 2020 261,200 — 453 — 261,653 2021 — — 2,126 — 2,126 Total $ 261,200 $ 1,246 $ 5,223 $ 104 $ 267,773

Components of Net Periodic Bene

Components of Net Periodic Benefit Cost (Table)	6 Months Ended
	Apr. 30, 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 and six months ended April 30, 2016 and 2015 are as follows: Pension Benefits Other Post-Retirement Benefits Three Months Ended April 30, Three Months Ended April 30, 2016 2015 2016 2015 Interest cost $ 892 $ 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 $ 60 $ (11 ) $ 7 $ 13 Pension Benefits Other Post-Retirement Benefits Six Months Ended April 30, Six Months Ended April 30, 2016 2015 2016 2015 Interest cost $ 1,783 $ 1,733 $ 8 $ 12 Expected return on plan assets (2,284 ) (2,349 ) — — Amortization of net actuarial loss 620 593 6 14 Net periodic (benefit) cost $ 119 $ (23 ) $ 14 $ 26

Equity Matters (Tables)

Equity Matters (Tables)	6 Months Ended
	Apr. 30, 2016
Equity [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	The Compensation Committee of our Board of Directors approved the grant of restricted stock and restricted stock units under the 2016 Plan shown in the table below during the six months ended April 30, 2016 : Granted 20 Day EMA Restricted Stock 276,856 $4.17 Restricted Stock Units 21,539 $4.17 The Company recorded stock compensation expense related to stock options, restricted stock and restricted stock units during the three and six months ended April 30, 2016 and 2015 as follows: Three Months Ended April 30, Six Months Ended April 30, 2016 2015 2016 2015 Stock options $ — $ — $ — $ 15 Restricted stock 253 344 442 527 Restricted stock units 9 — 9 — Total $ 262 $ 344 $ 451 $ 542
Schedule of share based compensation activity	Company’s Incentive Plan activity for the six months ended April 30, 2016 and 2015 : Stock Options Restricted Stock Restricted Stock Units Outstanding at: Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Restricted Shares 20 Day EMA (1) Weighted Average Remaining Contractual Life Restricted Share Units 20 Day EMA (1) November 1, 2014 123,333 $9.69 5.15 116,882 $16.81 2.58 — — Granted — — 22,504 $14.22 — — Options exercised or restricted stock vested (18,650 ) $8.30 (25,000 ) $18.87 — — Forfeited or expired (11,350 ) $11.58 (6,750 ) $20.64 — — April 30, 2015 93,333 $9.74 4.51 107,636 $15.55 1.68 — — November 1, 2015 90,666 $9.70 4.10 124,255 $13.77 2.28 — — Granted — — 309,251 $4.28 21,539 $4.17 Options exercised or restricted stock vested — — (21,458 ) $16.64 — — Forfeited or expired (1,000 ) $12.04 (1,500 ) $10.13 — — April 30, 2016 89,666 $9.67 3.59 410,548 $6.48 2.25 21,539 $4.17 (1) 20 day EMA effective with commencement of the 2016 Plan on March 9, 2016.
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 April 30, Six Months Ended April 30, 2016 2015 2016 2015 Net income (loss) available to common stockholders $ 3,057 $ 6,353 $ (2,002 ) $ 8,796 Basic weighted average shares 17,615 17,211 17,615 17,217 Effect of dilutive securities: Stock options 5 25 — 31 Diluted weighted average shares 17,620 17,236 17,615 17,248 Basic income (loss) per share $ 0.17 $ 0.37 $ (0.11 ) $ 0.51 Diluted income (loss) per share $ 0.17 $ 0.37 $ (0.11 ) $ 0.51

Fair Value of Financial Instr29

Fair Value of Financial Instruments Fair Value of Financial Instruments (Tables)	6 Months Ended
	Apr. 30, 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 April 30, 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 April 30, 2016: Interest Rate Swap Contracts (5,726 ) (5,726 ) Income Approach Marketable Securities $ 182 $ 182 Income Approach

Accumulated Other Comprehensi30

Accumulated Other Comprehensive Loss Amounts Recognized Into Other Comprehensive Loss (Tables)	6 Months Ended
	Apr. 30, 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 April 30, 2016 is as follows: Pension and Post Retirement Plan Liability Marketable Securities Adjustment Interest Rate Swap Adjustment (1) Foreign Currency Translation Adjustment (2) Accumulated Other Comprehensive Loss Balance at January 31, 2016 $ (28,611 ) $ (481 ) $ (3,656 ) $ (19,015 ) $ (51,763 ) Other comprehensive income (loss) 198 20 (322 ) 3,179 3,075 Amounts reclassified from accumulated other comprehensive loss — — 332 149 481 Net current-period other comprehensive income 198 20 10 3,328 3,556 Balance at April 30, 2016 $ (28,413 ) $ (461 ) $ (3,646 ) $ (15,687 ) $ (48,207 ) Changes in accumulated other comprehensive loss in stockholders' equity by component for the six months ended April 30, 2016 is as follows: Pension and Post Retirement Plan Liability Marketable Securities Adjustment Interest Rate Swap Adjustment (1) Foreign Currency Translation Adjustment (2) Accumulated Other Comprehensive Loss Balance at October 31, 2015 $ (28,809 ) $ (341 ) $ (3,176 ) $ (17,723 ) $ (50,049 ) Other comprehensive income (loss) 396 (120 ) (1,136 ) 1,887 1,027 Amounts reclassified from accumulated other comprehensive loss — — 666 149 815 Net current-period other comprehensive income (loss) 396 (120 ) (470 ) 2,036 1,842 Balance at April 30, 2016 $ (28,413 ) $ (461 ) $ (3,646 ) $ (15,687 ) $ (48,207 ) (1) Amounts reclassified from accumulated other comprehensive loss, net of tax are classified with interest expense included in the statements of operations. (2) Amounts reclassified from accumulated other comprehensive loss, net of tax are classified with foreign currency translation included in the statements of operations.

Business Segment Information Bu

Business Segment Information Business Segment Information (Tables)	6 Months Ended
	Apr. 30, 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 17.1% for both the three and six months ended April 30, 2016 and 16.8% and 16.6% for the three and six months ended April 30, 2015 , respectively. Three Months Ended April 30, Six Months Ended April 30, Revenues Revenues Geographic Region: 2016 2015 2016 2015 Europe $ 41,545 $ 35,062 $ 74,537 $ 65,804 Mexico $ 6,950 $ 10,618 $ 16,744 $ 20,072 United States $ 235,769 $ 226,620 $ 444,038 $ 432,289 Total Company $ 284,264 $ 272,300 $ 535,319 $ 518,165
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended April 30, Six Months Ended April 30, Foreign Currency (Gain) Loss Foreign Currency (Gain) Loss Geographic Region: 2016 2015 2016 2015 Europe $ (780 ) $ (560 ) $ (82 ) $ (828 ) Mexico $ 31 $ 9 $ 55 $ (47 ) 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: April 30, 2016 October 31, 2015 Europe $ 46,783 $ 43,247 Mexico $ 20,482 $ 20,501 United States $ 265,573 $ 276,407 Total Company $ 332,838 $ 340,155

Basis of Presentation Prior Yea

Basis of Presentation Prior Year Reclassification (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Apr. 30, 2015	Apr. 30, 2015	Oct. 31, 2015
Cost of Sales [Member]
Prior Period Reclassification Adjustment	$ 7,875	$ 18,919
Prepaid Expenses and Other Current Assets [Member]
Prior Period Reclassification Adjustment		28,013
Other Assets [Member]
Prior Period Reclassification Adjustment		$ 1,879
Property, Plant and Equipment [Member]
Prior Period Reclassification Adjustment			$ 7,433

Acquisitions Radar (Details)

Acquisitions Radar (Details) $ in Thousands	Apr. 30, 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	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015	Oct. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Related-party accounts receivable		$ 1,978		$ 1,978		$ 1,092
Total marketable securities, net of tax		21	$ (28)	(120)	$ (191)
MTD Holdings Inc. [Member] | Significant Shareholder [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenue from Related Parties		2,052	$ 2,863	2,085	3,787
Related-party accounts receivable		1,978		1,978		1,092
Velocys [Member] | Investee [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revenue from Related Parties		0		7	$ 197
Related-party accounts receivable		$ 0		$ 0		$ 9
Payments to Acquire Marketable Securities	$ 2,000
Marketable Securities	1,527
Premium Paid, Investments	$ 473

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Apr. 30, 2016	Oct. 31, 2015
Inventory Disclosure [Abstract]
Raw Materials	$ 25,756	$ 31,864
Work-in-process	15,819	10,994
Finished goods	19,333	15,321
Total inventory	60,908	58,179
Inventory Valuation Reserves	$ 2,986	$ 2,347

Prepaid Expenses Prepaid Expe36

Prepaid Expenses Prepaid Expenses (Details) - USD ($) $ in Thousands		Apr. 30, 2016	Oct. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Tooling	[1]	$ 28,274	$ 40,658
Prepaid other		8,900	7,609
Other Assets, Current		111	0
Total		$ 37,285	$ 48,267
[1]	(1) 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.

Property, Plant and Equipment (

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015	Oct. 31, 2015
Property, Plant and Equipment [Abstract]
Land and improvements	$ 11,344		$ 11,344		$ 11,330
Buildings and improvements	117,254		117,254		118,166
Machinery and equipment	488,997		488,997		488,047
Furniture and fixtures	18,430		18,430		13,901
Construction in Progress	41,759		41,759		51,253
Total, at cost	677,784		677,784		682,697
Less: Accumulated depreciation	408,542		408,542		402,437
Property, plant and equipment, net	269,242		269,242		$ 280,260
Depreciation	$ 8,571	$ 7,575	$ 17,296	$ 15,675

Property, Plant and Equipment C

Property, Plant and Equipment Capital Leases Included in Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Apr. 30, 2016	Oct. 31, 2015
Property, Plant and Equipment [Abstract]
Machinery and equipment	$ 7,295	$ 7,019
Less: Accumulated depreciation	1,466	1,142
Leased property, net	$ 5,829	$ 5,877

Property, Plant and Equipment F

Property, Plant and Equipment Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Apr. 30, 2016	Oct. 31, 2015
Future Capital Lease Payments [Line Items]
2,017	$ 1,497
2,018	1,424
2,019	1,073
2,020	261,653
2,021	2,126
Long-term Debt	262,550
Plus amount representing interest ranging from 3.05% to 3.77%	626
Future minimum rental payments	$ 5,849
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	$ 887
2,018	903
2,019	854
2,020	453
2,021	2,126
Long-term Debt	$ 5,223	$ 5,434

Goodwill and Intangible Assets

Goodwill and Intangible Assets Changes in carrying amount of goodwill (Details) $ in Thousands	6 Months Ended
	Apr. 30, 2016USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill at beginning of period	$ 28,843
Foreign currency translation and other	80
Goodwill at end of period	$ 28,923

Goodwill and Intangible Asset41

Goodwill and Intangible Assets Changes in carrying amount of finite-lived intangible assets (Details) $ in Thousands	6 Months Ended
	Apr. 30, 2016USD ($)
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	$ 19,543
Amortization expense	(1,129)
Foreign currency translation and other	4
Intangible Assets, Net, End of Period	18,418
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	14,311
Amortization expense	(665)
Foreign currency translation and other	4
Intangible Assets, Net, End of Period	13,650
Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	3,540
Amortization expense	(386)
Foreign currency translation and other	0
Intangible Assets, Net, End of Period	3,154
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	63
Amortization expense	(8)
Foreign currency translation and other	0
Intangible Assets, Net, End of Period	55
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	1,500
Amortization expense	(62)
Foreign currency translation and other	0
Intangible Assets, Net, End of Period	1,438
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Net, Beginning of Period	129
Amortization expense	(8)
Foreign currency translation and other	0
Intangible Assets, Net, End of Period	$ 121

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015	Oct. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Cost	$ 25,470		$ 25,470
Accumulated Amortization	(7,028)		(7,028)
Finite-Lived Intangible Asset, Translation Adjustments at period end	(24)		(24)
Net	18,418		18,418		$ 19,543
Amortization of Intangible Assets	(565)	$ (677)	$ (1,129)	$ (1,309)
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			13 years 2 months 14 days
Cost	17,598		$ 17,598
Accumulated Amortization	(3,924)		(3,924)
Finite-Lived Intangible Asset, Translation Adjustments at period end	(24)		(24)
Net	13,650		$ 13,650		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		$ 5,007
Accumulated Amortization	(1,853)		(1,853)
Net	3,154		$ 3,154		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		$ 824
Accumulated Amortization	(769)		(769)
Net	55		$ 55		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		$ 1,875
Accumulated Amortization	(437)		(437)
Net	1,438		$ 1,438		1,500
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			10 years 14 days
Cost	166		$ 166
Accumulated Amortization	(45)		(45)
Net	$ 121		$ 121		$ 129

Schedule of Amortization Expens

Schedule of Amortization Expense Next 5 Years (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets, Net of Translation adjustments	$ 565	$ 677	$ 1,129	$ 1,309
2,017	2,262		2,262
2,018	2,195		2,195
2,019	1,923		1,923
2,020	1,712		1,712
2,021	1,705		1,705
Thereafter	8,621		8,621
Total Future Amortization	$ 18,418		$ 18,418

Financing Balances at Period En

Financing Balances at Period End (Details) - USD ($) $ in Thousands	Apr. 30, 2016	Oct. 31, 2015
Debt Instrument [Line Items]
Credit Agreement Interest Rate:	5.11%	4.44%
Long-term Debt	$ 262,550
Total Debt	267,773	$ 300,953
Debt, Current	1,497	2,080
Long-term Debt	266,276	298,873
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Debt	261,200	293,300
Notes Payable to Banks [Member]
Debt Instrument [Line Items]
Long-term Debt	1,246	1,496
Long-term Debt	740
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt	5,223	5,434
Insurance Financing Agreement [Member]
Debt Instrument [Line Items]
Short-term Debt	$ 104	$ 723

Financing Arrangements (Details

Financing Arrangements (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015	Mar. 01, 2016	Oct. 31, 2015	Oct. 30, 2015	Apr. 29, 2015	Feb. 24, 2014
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period			4.45%	2.43%
Letters of Credit Outstanding, Amount	$ 4,230		$ 4,230
Collateral Agreement	65.00%		65.00%
Long-term Debt	$ 262,550		$ 262,550
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	1,497		1,497
Long-term Debt, Excluding Current Maturities	266,276		$ 266,276			$ 298,873
Derivatives, Interest Rate Swap, Maturity			5 years
Other Comprehensive Loss, Unrealized Loss on Derivatives Arising During Period, Net of Tax	10	$ 387	$ (470)	$ (1,118)
Interest Expense	$ 4,520	$ 2,067	8,872	$ 3,829
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, Increase (Decrease) for Period, Description	5,000
Line of Credit Facility, Current Borrowing Capacity	$ 355,000		355,000
Line of Credit Facility, Remaining Borrowing Capacity	$ 89,570		$ 89,570
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%
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%		1.95%
Debt Instrument, Periodic Payment			$ 104
Short-term Debt	$ 104		104			723
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	104		104
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Debt	261,200		261,200			293,300
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	$ 0		$ 0
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	$ 1,246		1,246			1,496
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	506		506
Long-term Debt, Excluding Current Maturities	740		740
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt	5,223		5,223			$ 5,434
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	887		$ 887
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					$ 75,000				$ 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	1,350		$ 1,350
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Lender Group Two [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest Expense	$ 332		$ 666

Schedule of Debt Maturities (De

Schedule of Debt Maturities (Details) - USD ($) $ in Thousands	Apr. 30, 2016	Oct. 31, 2015
2,017	$ 1,497
2,018	1,424
2,019	1,073
2,020	261,653
2,021	2,126
Long-term Debt	262,550
Total Debt	267,773	$ 300,953
Revolving Credit Facility [Member]
2,017	0
2,018	0
2,019	0
2,020	261,200
2,021	0
Long-term Debt	261,200	293,300
Notes Payable to Banks [Member]
2,017	506
2,018	521
2,019	219
2,020	0
2,021	0
Long-term Debt	1,246	1,496
Capital Lease Obligations [Member]
2,017	887
2,018	903
2,019	854
2,020	453
2,021	2,126
Long-term Debt	5,223	5,434
Insurance Financing Agreement [Member]
2,017	104
Short-term Debt	$ 104	$ 723

Components of Net Periodic Be47

Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Defined Benefit Plan Disclosure [Line Items]
Pension Contributions		$ 950	$ 950	$ 1,870
United States Pension Plans of US Entity, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 892	866	1,783	1,733
Expected return on plan assets	(1,142)	(1,174)	(2,284)	(2,349)
Recognized net actuarial net loss	310	297	620	593
Net periodic (benefit) cost	60	(11)	119	(23)
United States Postretirement Benefit Plans of US Entity, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	4	6	8	12
Expected return on plan assets	0	0	0	0
Recognized net actuarial net loss	3	7	6	14
Net periodic (benefit) cost	$ 7	$ 13	$ 14	$ 26

Pension and Other Post-Retire48

Pension and Other Post-Retirement Benefit Matters Non-U.S. Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Contributions by Employer		$ 950	$ 950	$ 1,870
POLAND | Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Accumulated Benefit Obligation	$ 736		736
Defined Benefit Plan, Contributions by Employer	$ 27	$ 30	$ 52	$ 60

Weighted Average Assumptions fo

Weighted Average Assumptions for Grants (Details) - $ / shares	3 Months Ended	6 Months Ended
	Apr. 30, 2016	Apr. 30, 2016		Apr. 30, 2015
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 4.17
Number of Shares Available for Grant	1,500,000	1,500,000
Employee Stock Option and / or Stock Appreication Righs (SARs) [Member]
Class of Stock [Line Items]
Maximum Number of Shares Per Employee		500,000
Restricted Stock, Restricted Stock Units (RSUs) and Performance Based Awards [Member]
Class of Stock [Line Items]
Maximum Number of Shares Per Employee		350,000
Restricted Stock [Member]
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	276,856	309,251		22,504
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 4.28		$ 14
Restricted Stock Units (RSUs) [Member]
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	21,539	21,539		0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 4.17	[1]	$ 0
[1]	(1) 20 day EMA effective with commencement of the 2016 Plan on March 9, 2016.

Activity - Stock Option, Restri

Activity - Stock Option, Restricted Stock and Restricted Stock Units (Details) - $ / shares	3 Months Ended		6 Months Ended			12 Months Ended
	Apr. 30, 2016		Apr. 30, 2016		Apr. 30, 2015	Oct. 31, 2015	Oct. 31, 2014
Weighted Average Grant Date Fair Value Restricted Stock and RSUs
Granted, Weighted Average Grant Date Fair Value	$ 4.17
Employee Stock Option [Member]
Number of Shares
Options, Outstanding Beginning of Period			90,666		123,333	123,333
Granted					0
Exercised			0		(18,650)
Canceled			(1,000)		(11,350)
Options, Outstanding End of Period	89,666		89,666		93,333	90,666	123,333
Weighted-Average Exercise Price
Options, Outstanding, Beginning of Period, Weighted Average Exercise Price Per Share			$ 9.70		$ 9.69	$ 9.69
Granted, Weighted Average Exercise Price Per Share					0
Exercised, Weighted Average Exercise Price Per Share			0		8.30
Forfeitures and Expirations in Period, Weighted Average Exercise Price			12		11.58
Options, Outstanding, End of Period, Weighted Average Exercise Price Per Share	$ 9.67		$ 9.67		$ 9.74	$ 9.70	$ 9.69
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term			3 years 7 months 3 days		4 years 6 months 5 days	4 years 1 month 6 days	5 years 1 month 25 days
Restricted Stock [Member]
Weighted Average Grant Date Fair Value Restricted Stock and RSUs
Nonvested, Weighted Average Grant Date Fair Value	$ 6.48		$ 6.48		$ 15.55	$ 13.77	$ 16.81
Granted, Weighted Average Grant Date Fair Value			4.28		14
Vested, Weighted Average Grant Date Fair Value			16.64		18.87
Forfeited, Weighted Average Grant Date Fair Value			$ 10.13		$ 20.64
Nonvested, Beginning of Period			124,255		116,882	116,882
Stock, Granted	276,856		309,251		22,504
Stock, Vested			(21,458)		(25,000)
Stock, Forfeited			(1,500)		(6,750)
Nonvested, End of Period	410,548		410,548		107,636	124,255	116,882
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms			2 years 2 months 30 days		1 year 8 months 5 days	2 years 3 months 10 days	2 years 6 months 30 days
Restricted Stock Units (RSUs) [Member]
Weighted Average Grant Date Fair Value Restricted Stock and RSUs
Nonvested, Weighted Average Grant Date Fair Value	$ 4.17	[1]	$ 4.17	[1]	$ 0	$ 0	$ 0
Granted, Weighted Average Grant Date Fair Value			4.17	[1]	0
Vested, Weighted Average Grant Date Fair Value			0		0
Forfeited, Weighted Average Grant Date Fair Value			$ 0		$ 0
Nonvested, Beginning of Period			0		0	0
Stock, Granted	21,539		21,539		0
Stock, Vested			0		0
Stock, Forfeited			0		0
Nonvested, End of Period	21,539		21,539		0	0	0
[1]	(1) 20 day EMA effective with commencement of the 2016 Plan on March 9, 2016.

Stock Compensation Expense (Det

Stock Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Class of Stock [Line Items]
Compensation Expense Recognized	$ 262	$ 344	$ 451	$ 542
Employee Stock Option [Member]
Class of Stock [Line Items]
Compensation Expense Recognized	0	0	0	15
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	64	244	64	244
Restricted Stock [Member]
Class of Stock [Line Items]
Compensation Expense Recognized	253	344	442	527
Compensation Cost, Nonvested Awards, Not yet Recognized	2,009		2,009
Restricted Stock Units (RSUs) [Member]
Class of Stock [Line Items]
Compensation Expense Recognized	9	$ 0	9	$ 0
Compensation Cost, Nonvested Awards, Not yet Recognized	$ 76		$ 76

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		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Equity [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			481	85
Net income (loss)	$ 3,057	$ 6,353	$ (2,002)	$ 8,796
Basic weighted average shares	17,615	17,211	17,615	17,217
Effect of dilutive securities:
Stock options	5	25	0	31
Diluted weighted average shares	17,620	17,236	17,615	17,248
Basic earnings (loss) per share	$ 0.17	$ 0.37	$ (0.11)	$ 0.51
Diluted earnings (loss) per share	$ 0.17	$ 0.37	$ (0.11)	$ 0.51

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	Apr. 30, 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	$ (5,726)	$ (4,989)
Available-for-sale Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Rate Swap Contracts	$ 182	$ 356

Accumulated Other Comprehensi54

Accumulated Other Comprehensive Loss Amounts Recognized Into Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Apr. 30, 2016	Apr. 30, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance		$ 140,915
Ending Balance	$ 141,193	141,193
Pension and Post Retirement Plan Liability [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(28,611)	(28,809)
Other comprehensive income (loss)	198	396
Net current-period other comprehensive income (loss)	198	396
Ending Balance	(28,413)	(28,413)
Marketable Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(481)	(341)
Other comprehensive income (loss)	20	(120)
Net current-period other comprehensive income (loss)	20	(120)
Ending Balance	(461)	(461)
Interest Rate Swap Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(3,656)	(3,176)
Other comprehensive income (loss)	(322)	(1,136)
Amounts reclassified from accumulated other comprehensive loss	332	666	[1]
Net current-period other comprehensive income (loss)	10	(470)
Ending Balance	(3,646)	(3,646)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(19,015)	(17,723)
Other comprehensive income (loss)	3,179	1,887
Amounts reclassified from accumulated other comprehensive loss	149	149	[2]
Net current-period other comprehensive income (loss)	3,328	2,036
Ending Balance	(15,687)	(15,687)
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(51,763)	(50,049)
Other comprehensive income (loss)	3,075	1,027
Amounts reclassified from accumulated other comprehensive loss	481	815
Net current-period other comprehensive income (loss)	3,556	1,842
Ending Balance	$ (48,207)	$ (48,207)
[1]	(1) Amounts reclassified from accumulated other comprehensive loss, net of tax are classified with interest expense included in the statements of operations.
[2]	(2) Amounts reclassified from accumulated other comprehensive loss, net of tax are classified with foreign currency translation included in the statements of operations.

Business Segment Information 55

Business Segment Information Business Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015	Oct. 31, 2015
Segment Reporting Information [Line Items]
Revenue, Net	$ 284,264	$ 272,300	$ 535,319	$ 518,165
Long-Lived Assets	332,838		332,838		$ 340,155
Europe [Member] | Reportable Geographical Components [Member]
Segment Reporting Information [Line Items]
Revenue, Net	41,545	35,062	74,537	65,804
Foreign Currency Transaction Gain, before Tax	(780)	(560)	(82)	(828)
Long-Lived Assets	46,783		46,783		43,247
MEXICO | Reportable Geographical Components [Member]
Segment Reporting Information [Line Items]
Revenue, Net	6,950	10,618	16,744	20,072
Foreign Currency Transaction Gain, before Tax	31	9	55	(47)
Long-Lived Assets	20,482		20,482		20,501
UNITED STATES | Reportable Geographical Components [Member]
Segment Reporting Information [Line Items]
Revenue, Net	235,769	$ 226,620	444,038	$ 432,289
Long-Lived Assets	$ 265,573		$ 265,573		$ 276,407
Sales [Member] | Europe and Mexico [Member]
Segment Reporting Information [Line Items]
Concentration Risk, Percentage	17.10%	16.80%	17.10%	16.60%