View Filing Data

Three Months Ended

January 31,

Location of (losses) gains:

Other, net

Foreign currency derivatives

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Jan. 31, 2018	Mar. 02, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	Quanex Building Products Corporation
Trading Symbol	NX
Entity Central Index Key	0001423221
Current Fiscal Year End Date	--10-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jan. 31, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		35,075,703

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jan. 31, 2018	Oct. 31, 2017
Current assets:
Cash and cash equivalents	$ 13,757	$ 17,455
Accounts receivable, net of allowance for doubtful accounts of $377 and $333	62,119	79,411
Inventories, net (Note 3)	95,843	87,529
Prepaid and other current assets	7,451	7,406
Total current assets	179,170	191,801
Property, plant and equipment, net of accumulated depreciation of $270,490 and $264,047	213,014	211,131
Goodwill (Note 4)	226,927	222,194
Intangible assets, net (Note 4)	138,743	139,778
Other assets	9,180	8,975
Total assets	767,034	773,879
Current liabilities:
Accounts payable	39,868	44,150
Accrued liabilities	29,559	38,871
Income taxes payable (Note 8)	2,664	2,192
Current maturities of long-term debt (Note 5)	20,773	21,242
Total current liabilities	92,864	106,455
Long-term debt (Note 5)	215,362	218,184
Deferred Tax Liabilities, Net, Noncurrent	5,293	4,433
Deferred income taxes (Note 8)	14,771	21,960
Other liabilities	15,787	16,000
Total liabilities	344,077	367,032
Commitments and contingencies (Note 9)
Stockholders’ equity:
Preferred stock, no par value, shares authorized 1,000,000; issued and outstanding - none	0	0
Common stock, $0.01 par value, shares authorized 125,000,000; issued 37,477,459 and 37,508,877, respectively; outstanding 35,082,403 and 34,838,134, respectively	375	375
Additional paid-in-capital	253,638	255,719
Retained earnings	228,293	225,704
Accumulated other comprehensive loss	(14,623)	(25,076)
Less: Treasury stock at cost, 2,395,056 and 2,670,743 shares, respectively	(44,726)	(49,875)
Total stockholders’ equity	422,957	406,847
Total liabilities and stockholders' equity	$ 767,034	$ 773,879

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jan. 31, 2018	Oct. 31, 2017
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 377	$ 333
Accumulated depreciation of property, plant and equipment	$ 270,490	$ 264,047
Preferred stock, no par value	$ 0	$ 0
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized	125,000,000	125,000,000
Common stock, shares issued	37,477,459	37,508,877
Common stock, shares outstanding	35,082,403	34,838,134
Treasury stock, shares	2,395,056	2,670,743

Condensed Consolidated Statements of Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Income Statement [Abstract]
Net sales	$ 191,666	$ 195,096
Cost and expenses:
Cost of sales (excluding depreciation and amortization)	154,440	154,947
Selling, general and administrative	24,076	27,445
Restructuring charges	366	1,139
Depreciation and amortization	13,273	15,406
Operating loss	(489)	(3,841)
Non-operating (expense) income:
Interest expense	(2,441)	(2,160)
Other, net	317	661
Loss before income taxes	(2,613)	(5,340)
Income tax benefit	7,560	1,614
(Loss) income from continuing operations	4,947	(3,726)
Net income (loss)	$ 4,947	$ (3,726)
Basic (loss) income per common share:
Loss per share, basic (in usd per share)	$ 0.14	$ (0.11)
Diluted (loss) income per common share:
Loss per share, diluted (in usd per share)	$ 0.14	$ (0.11)
Weighted-average common shares outstanding:
Basic (in shares)	34,662	34,055
Diluted (in shares)	35,286	34,055
Cash dividends per share (in usd per share)	$ 0.04	$ 0.04

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Statement of Comprehensive Income [Abstract]
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax	$ (697)	$ 0
Net income (loss)	4,947	(3,726)
Other comprehensive income (loss):
Foreign currency translation adjustments gain	11,150	2,832
Other comprehensive income	10,453	2,832
Comprehensive income (loss)	$ 15,400	$ (894)

Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Operating activities:
Net income (loss)	$ 4,947	$ (3,726)
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Depreciation and amortization	13,273	15,406
Stock-based compensation	580	2,226
Deferred income tax	(8,483)	(3,684)
Other, net	130	1,241
Changes in assets and liabilities:
Decrease in accounts receivable	18,378	21,143
Increase in inventory	(6,926)	(7,622)
Decrease (increase) in other current assets	73	(438)
Decrease in accounts payable	(4,523)	(7,232)
Decrease in accrued liabilities	(10,629)	(17,971)
Increase in income taxes payable	344	2,761
Increase in deferred pension and postretirement benefits	860	837
Increase in other long-term liabilities	181	366
Other, net	(13)	(226)
Cash provided by operating activities	8,192	3,081
Investing activities:
Acquisitions, net of cash acquired	0	(8,497)
Capital expenditures	(7,811)	(8,141)
Proceeds from disposition of capital assets	65	390
Cash used for investing activities	(7,746)	(16,248)
Financing activities:
Borrowings under credit facility	9,500	24,000
Repayments of credit facility borrowings	(13,750)	(20,875)
Repayments of other long-term debt	(255)	(429)
Common stock dividends paid	(1,397)	(1,372)
Issuance of common stock	2,231	1,383
Cash paid for payroll tax for shares forfeited upon vesting	706	957
Cash (used for) provided by financing activities	(4,377)	1,750
Effect of exchange rate changes on cash and cash equivalents	233	(35)
Decrease in cash and cash equivalents	(3,698)	(11,452)
Cash and cash equivalents at beginning of period	17,455	25,526
Cash and cash equivalents at end of period	$ 13,757	$ 14,074

Condensed Consolidated Statement of Stockholders' Equity - 3 months ended Jan. 31, 2018 - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, Net of Tax	$ (697)				$ (697)
Balance at beginning of period at Oct. 31, 2017	406,847	$ 375	$ 255,719	$ 225,704	(25,076)	$ (49,875)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,947			4,947
Foreign currency translation adjustment	11,150				11,150
Common dividends ($0.04 per share)	(1,397)			(1,397)
Stock-based compensation activity:
Expense related to stock-based compensation	580		580	0
Stock Issued During Period, Value, Stock Options Exercised	2,231		(149)	(924)		3,304
Restricted stock awards granted	0		(1,371)			1,371
Stock Issued During Period, Treasury Shares, Performance Shares Vested			(473)			473
Other	(704)	0	(668)	(37)	0	1
Balance at end of period at Jan. 31, 2018	$ 422,957	$ 375	$ 253,638	$ 228,293	$ (14,623)	$ (44,726)

Condensed Consolidated Statement of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Statement of Stockholders' Equity [Abstract]
Common stock, dividends per share (in usd per share)	$ 0.04	$ 0.04

Nature of Operations and Basis of Presentation	3 Months Ended
Nature of Operations and Basis of Presentation	Jan. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Basis of Presentation	Nature of Operations and Basis of Presentation Quanex Building Products Corporation is a component supplier to original equipment manufacturers (OEMs) in the building products industry. These components can be categorized as window and door (fenestration) components and kitchen and bath cabinet components. Examples of fenestration components include: (1) energy-efficient flexible insulating glass spacers, (2) extruded vinyl profiles, (3) window and door screens, and (4) precision-formed metal and wood products. We also manufacture cabinet doors and other components for OEMs in the kitchen and bathroom cabinet industry. In addition, we provide certain other non-fenestration components and products, which include solar panel sealants, trim moldings, vinyl decking, fencing, water retention barriers, and conservatory roof components. We have organized our business into three reportable business segments. For additional discussion of our reportable business segments, see Note 14, "Segment Information." We use low-cost, short lead-time production processes and engineering expertise to provide our customers with specialized products for their specific window, door, and cabinet applications. We believe these capabilities provide us with unique competitive advantages. We serve a primary customer base in North America and the United Kingdom, and also serve customers in international markets through our operating plants in the United Kingdom and Germany, as well as through sales and marketing efforts in other countries. Unless the context indicates otherwise, references to "Quanex", the "Company", "we", "us" and "our" refer to the consolidated business operations of Quanex Building Products Corporation and its subsidiaries. The accompanying interim condensed consolidated financial statements include the accounts of Quanex Building Products Corporation. All intercompany accounts and transactions have been eliminated in consolidation. These financial statements have been prepared by us, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) have been condensed or omitted pursuant to such rules and regulations. The condensed consolidated balance sheet as of October 31, 2017 was derived from audited financial information, but does not include all disclosures required by U.S. GAAP. The accompanying financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto, included in our Annual Report on Form 10-K for the fiscal year ended October 31, 2017. In our opinion, the accompanying financial statements contain all adjustments (which consist of normal recurring adjustments, except as disclosed herein) necessary to fairly present our financial position, results of operations and cash flows for the interim periods. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year or for any future periods. In preparing financial statements, we make informed judgments and estimates that affect the reported amounts of assets and liabilities as of the date of the financial statements and affect the reported amounts of revenues and expenses during the reporting period. We review our estimates on an on-going basis, including those related to impairment of long lived assets and goodwill, contingencies and income taxes. Changes in facts and circumstances may result in revised estimates and actual results may differ from these estimates. Restructuring We accrue one-time severance costs pursuant to an approved plan of restructuring at the communication date, when affected employees have been notified of the potential severance and sufficient information has been provided for the employee to calculate severance benefits, in the event the employee is involuntarily terminated. In addition, we accrue costs associated with the termination of contractual commitments including operating leases at the time the lease is terminated pursuant to the lease provisions or in accordance with another agreement with the landlord. Otherwise, we continue to recognize operating lease expense through the cease-use date. After the cease-use date, we determine if our operating lease payments are at market. We assume sublet of the facility at the market rate. To the extent our lease obligations exceed the fair value rentals, we discount to arrive at the present value and record a liability. If the facility is not sublet, we expense the amount of the rental in the current period. For other costs directly related to the restructuring effort, such as equipment moving costs, we expense in the period incurred. We closed a kitchen and bathroom cabinet door business in Mexico in October 2016 and another plant in Lansing, Kansas in September 2017. We closed two United States vinyl operations plants in November 2016 and January 2017. During the three months ended January 31, 2018 and 2017, we expensed $0.4 million and $1.1 million, respectively, pursuant to these restructuring efforts. Our facility lease obligations were deemed to be at fair market value and we have not yet negotiated exit from our remaining lease obligations at two of these facilities. We expect to continue to incur costs related to these operating leases and other costs associated with these restructuring efforts during fiscal 2018. In 2017, we evaluated the remaining depreciable lives of property, plant and equipment that will be abandoned or otherwise disposed as of the plant closures and recorded a change in estimate associated with the remaining useful lives of these assets. We recorded accelerated depreciation of $1.6 million related to this change in estimate for the three months ended January 31, 2017. In addition, we evaluated the remaining service lives of intangible assets with defined lives associated with our United States vinyl extrusion business and recorded a change in estimate associated with the remaining useful lives of a customer relationship intangible and a utility process intangible asset which resulted in an increase in amortization expense of $0.9 million for the three months ended January 31, 2017. We do not expect to incur incremental depreciation and amortization expense in fiscal 2018 associated with these restructuring efforts.

Acquisitions	3 Months Ended
Acquisitions	Jan. 31, 2018
Business Combinations [Abstract]
Acquisitions	Acquisitions and Dispositions HLP As more fully described in our Annual Report on Form 10-K for the year ended October 31, 2017, we acquired the outstanding ownership shares of an extruder of vinyl lineal products and manufacturer of other plastic products incorporated and registered in England and Wales ("HLP") on June 15, 2015. The purchase agreement contained an earn-out provision which is calculated as a percentage of earnings before interest, tax and depreciation and amortization for a specified period, as defined in the purchase agreement. Pursuant to this earn-out provision, the former owner could select a base year upon which to calculate the earn-out (one of the next three succeeding twelve-month periods ended July 31). In August 2016, the former owner selected the twelve-month period ended July 31, 2016 as the measurement period for the earn-out calculation. On November 7, 2016, we paid $8.5 million to settle the earn-out, which included a foreign currency adjustment of $0.1 million. We have included this earn-out payment under the caption "Acquisitions, net of cash acquired" in the accompanying cash flow statement for the three months ending January 31, 2017. We are party to operating leases associated with the HLP acquisition for which our lessors are entities that were either wholly-owned subsidiaries or affiliates of HLP prior to the acquisition, and in which a former owner, who is now our employee, has an ownership interest. These leases include our primary operating facilities, a finished goods warehouse, a mixing plant, and a manufacturing facility. The lease for the manufacturing facility which has a 20-year term began in 2007, the lease for the manufacturing facility which has a 15-year term began in 2012, the lease for the mixing plant has a 13.5-year term which began in 2013, and the lease for the warehouse has a 20-year life which began in 2017. We have recorded rent expense pursuant to these agreements of approximately $0.6 million and $0.3 million, for the three-month periods ended January 31, 2018 and 2017, respectively. Commitments under these lease arrangements are included in our operating lease commitments as disclosed in our Annual Report on Form 10-K for the year ended October 31, 2017. Shawano On October 31, 2017, we sold certain net assets of a wood-flooring manufacturing plant in Shawano, Wisconsin to an unrelated equity investment firm for $0.6 million in cash, and the issuance of a receivable totaling $1.2 million. The receivable is collectible over a five-year term, with annual payments equal to 3% of gross sales, with a minimum payment in year five equal to the greater of: (a) $1.6 million less annual payments made during the preceding four years, or (b) 3% of gross sales for year five. The receivable has been discounted at our incremental borrowing rate. We provided transitional services associated with this sale through December 31, 2017 and recorded a current receivable associated with these services of $0.2 million as of January 31, 2018. The transaction was subject to a working capital adjustment as defined in the agreement which totaled less than $0.1 million at January 31, 2018. Pursuant to the agreement, we will supply wood products to this plant at cost throughout fiscal 2018.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

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+ Details

Inventories

3 Months Ended

Jan. 31, 2018

Inventory Disclosure [Abstract]

Inventories

Inventories consisted of the following at January 31, 2018 and October 31, 2017:



	January 31, 2018		October 31, 2017
	(In thousands)
Raw materials	$	52,507	$	50,472
Finished goods and work in process	46,438		40,087
Supplies and other	3,467		2,655
Total	102,412		93,214
Less: Inventory reserves	6,569		5,685
Inventories, net	$	95,843	$	87,529

Fixed costs related to excess manufacturing capacity, if any, have been expensed in the period they were incurred and, therefore, are not capitalized into inventory.

Our inventories at January 31, 2018 and October 31, 2017 were valued using the following costing methods:



	January 31, 2018		October 31, 2017
	(In thousands)
LIFO	$	4,564	$	4,444
FIFO	91,279		83,085
Total	$	95,843	$	87,529

During interim periods, we estimate a LIFO reserve based on our expectations of year-end inventory levels and costs. If our calculations indicate that an adjustment at year-end will be required, we may record a proportionate share of this amount during the period. At year-end, we calculate the actual LIFO reserve and record an adjustment for the difference between the annual calculation and any estimates recognized during the interim periods. Because the interim projections are subject to many factors beyond our control, the results could differ significantly from the year-end LIFO calculation. We recorded no interim LIFO reserve adjustment for the three-month periods ended January 31, 2018 and 2017.

For inventories valued under the LIFO method, replacement cost exceeded the LIFO value by approximately $1.1 million at January 31, 2018 and October 31, 2017.

Goodwill and Intangible Assets

3 Months Ended

Jan. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill

The change in the carrying amount of goodwill for the three months ended January 31, 2018 was as follows:



	Three Months Ended
	January 31, 2018
	(In thousands)
Beginning balance as of November 1, 2017	$	222,194
Foreign currency translation adjustment	4,733
Balance as of the end of the period	$	226,927

At our annual test date, August 31, 2017, we evaluated the recoverability of goodwill at each of our five reportable units with goodwill balances. We determined that our goodwill was not impaired. There have been no triggering events to indicate impairment during the three months ended January 31, 2018. Therefore, no additional testing was deemed necessary. For a summary of the change in the carrying amount of goodwill by segment, see Note 14, "Segment Information", included herewith.

Identifiable Intangible Assets

Amortizable intangible assets consisted of the following as of January 31, 2018 and October 31, 2017:



	January 31, 2018				October 31, 2017
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
	(In thousands)
Customer relationships	$	157,954	$	51,625	$	155,230	$	48,479
Trademarks and trade names	56,894		30,533		56,058		29,509
Patents and other technology	22,346		16,293		22,624		16,146
Total	$	237,194	$	98,451	$	233,912	$	94,134

Pursuant to a change in estimate with regard to the remaining service lives of certain intangible assets, we recorded incremental amortization expense of $0.9 million for the three months ended January 31, 2017. See additional disclosure at Note 1, "Nature of Operations, Basis of Presentation and Significant Accounting Policies - Restructuring."

During the three months ended January 31, 2018, we retired identifiable intangible assets of $0.3 million related to patents and other technology.

For each of the three-month periods ended January 31, 2018 and 2017, we had aggregate amortization expense related to intangible assets of $4.1 million and $5.4 million, respectively.

Estimated remaining amortization expense, assuming current intangible balances and no new acquisitions, for each of the fiscal years ending October 31, is as follows (in thousands):



	Estimated Amortization Expense
2018 (remaining nine months)	$	12,219
2019	15,587
2020	14,530
2021	12,809
2022	12,185
Thereafter	71,413
Total	$	138,743

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Debt and Capital Lease Obligations

3 Months Ended

Jan. 31, 2018

Debt Disclosure [Abstract]

Debt and Capital Lease Obligations

Debt consisted of the following at January 31, 2018 and October 31, 2017:



	January 31, 2018			October 31, 2017
	(In thousands)
Revolving Credit Facility	$	83,500		$	84,000
Term Loan A	135,000			138,750
Capital lease obligations and other	19,584			18,764
Unamortized deferred financing fees	(1,949		)	(2,088		)
Total debt	$	236,135		$	239,426
Less: Current maturities of long-term debt	20,773			21,242
Long-term debt	$	215,362		$	218,184

As more fully described in our Annual Report on Form 10-K for the year ended October 31, 2017, we maintain a $450.0 million credit agreement comprising a $150.0 million Term Loan A and a $300.0 million revolving credit facility (collectively, the “Credit Agreement”), with Wells Fargo Bank, National Association, as Agent, Swingline Lender and Issuing Lender, and Bank of America, N.A. serving as Syndication Agent. The Credit Agreement has a five-year term, maturing on July 29, 2021, and requires interest payments calculated, at our election and depending upon our Consolidated Leverage Ratio, at either a Base Rate plus an applicable margin or the LIBOR Rate plus an applicable margin. At the time of the initial borrowing, the applicable rate was LIBOR + 2.00%. In addition, we are subject to commitment fees for the unused portion of the Credit Agreement.

The applicable margin and commitment fees are outlined in the following table:



Pricing Level	Consolidated Leverage Ratio	Commitment Fee	LIBOR Rate Loans	Base Rate Loans
I	Less than or equal to 1.50 to 1.00	0.200%	1.50%	0.50%
II	Greater than 1.50 to 1.00, but less than or equal to 2.25 to 1.00	0.225%	1.75%	0.75%
III	Greater than 2.25 to 1.00, but less than or equal to 3.00 to 1.00	0.250%	2.00%	1.00%
IV	Greater than 3.00 to 1.00	0.300%	2.25%	1.25%

In the event of default, outstanding borrowings would accrue interest at the Default Rate, as defined, whereby the obligations will bear interest at a per annum rate equal to 2% above the total per annum rate otherwise applicable.

The term loan portion of the Credit Agreement requires quarterly principal payments on the last business day of each fiscal quarter in accordance with a stated repayment schedule. Required aggregate principal repayments total $15.0 million for the succeeding twelve-month period, and are included in the accompanying condensed consolidated balance sheet under the caption “Current Maturities of Long-term Debt.” No stated principal payments are required under the revolving credit portion of the Credit Agreement, except upon maturity. If our Consolidated Leverage Ratio is less than 2.25 to 1.00, then we are required to make mandatory prepayments of “excess cash flow” as defined in the agreement.

The Credit Agreement contains a: (1) Consolidated Fixed Charge Coverage Ratio requirement whereby we must not permit the Consolidated Fixed Charge Coverage Ratio, as defined, to be less than 1.10 to 1.00, and (2) Consolidated Leverage Ratio requirement, as summarized by period in the following table:



Period		Maximum Ratio
January 31, 2017 through January 30, 2018		3.25 to 1.00
January 31, 2018 and thereafter		3.00 to 1.00

In addition to maintaining these financial covenants, the Credit Agreement also limits our ability to enter into certain business transactions, such as to incur indebtedness or liens, to acquire businesses or dispose of material assets, make restricted payments, pay dividends (limited to $10.0 million per year) and other transactions as further defined in the Credit Agreement. Substantially all of our domestic assets, with the exception of real property, are utilized as collateral for the Credit Agreement.

As of January 31, 2018, we had $218.5 million of borrowings outstanding under the Credit Agreement (reduced by unamortized debt issuance costs of $1.9 million), $5.3 million of outstanding letters of credit and $19.6 million outstanding primarily under capital leases. We had $211.2 million available for use under the Credit Agreement at January 31, 2018. Outstanding borrowings under the Credit Agreement accrue interest at 3.57% per annum. Our weighted average borrowing rate for borrowings outstanding during the three months ended January 31, 2018 and 2017 was 3.40% and 2.65%, respectively. We were in compliance with our debt covenants as of January 31, 2018.

Other Debt Instruments

Historically, we have maintained certain capital lease obligations related to equipment purchases. On February 20, 2017, we entered into a capital lease for warehouse space at HLP with a related-party company that is owned by our employee, the former owner of HLP. This new warehouse was anticipated at the time of the HLP acquisition in June 2015, and the lease was negotiated at arms-length. The lease accrues interest at 3.57% per annum, and extends for a twenty-year period through the year 2036. We recorded the leased asset at inception at fair value of $16.6 million and recorded a corresponding liability for our obligation under this lease. We are recognizing interest expense using the effective interest method over the term. Our cash commitments under this lease are £0.9 million per year for an aggregate of £17.8 million (or approximately $25.3 million). The cost and accumulated depreciation of property, plant and equipment under all outstanding capital leases at January 31, 2018 was $19.3 million and $3.4 million, respectively, including $12.8 million and $0.9 million, respectively, related to the HLP warehouse lease. Our total obligations under capital leases and other total $19.6 million at January 31, 2018, of which $1.8 million is classified in the current portion of long-term debt and $17.8 million is classified as long-term debt on the accompanying unaudited condensed consolidated balance sheet. These obligations accrue interest at an average rate of 3.6%, and extend through the year 2036.

Retirement Plans

3 Months Ended

Jan. 31, 2018

Compensation and Retirement Disclosure [Abstract]

Retirement Plans

Pension Plan

Our non-contributory, single employer defined benefit pension plan covers a majority of our employees in the United States excluding employees of recent acquisitions. Employees of acquired companies may be covered after a transitional period. The net periodic pension cost for this plan for the three-month periods ended January 31, 2018 and 2017 was as follows:



	Three Months Ended
	January 31,
	2018			2017
	(In thousands)
Service cost	$	949		$	926
Interest cost	215			212
Expected return on plan assets	(466		)	(457		)
Amortization of net loss	144			143
Net periodic benefit cost	$	842		$	824

During 2017, we contributed $3.6 million to fund our plan, and we expect to make a contribution to our plan in September 2018 of approximately $3.6 million.

Other Plans

We also have a supplemental benefit plan covering certain executive officers and a non-qualified deferred compensation plan covering members of the Board of Directors and certain key employees. As of January 31, 2018 and October 31, 2017, our liability under the supplemental benefit plan was approximately $3.6 million and $3.4 million, respectively. The liability associated with the deferred compensation plan was approximately $4.0 million as of January 31, 2018 and October 31, 2017. We record the current portion of liabilities associated with these plans under the caption "Accrued Liabilities," and the long-term portion under the caption "Other Liabilities" in the accompanying condensed consolidated balance sheets.

Warranty Obligations

3 Months Ended

Jan. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Warranty Obligations

We accrue warranty obligations as we recognize revenue associated with certain products. We make provisions for our warranty obligations based upon historical experience of costs incurred for such obligations adjusted, as necessary, for current conditions and factors. There are significant uncertainties and judgments involved in estimating our warranty obligations, including changing product designs, differences in customer installation processes and future claims experience which may vary from historical claims experience. Therefore, the ultimate amount we incur as warranty costs in the near and long-term may not be consistent with our current estimate.

A reconciliation of the activity related to our accrued warranty, including both the current and long-term portions (reported in accrued liabilities and other liabilities, respectively, on the accompanying condensed consolidated balance sheet) follows:



	Three Months Ended
	January 31, 2018
	(In thousands)
Beginning balance as of November 1, 2017	$	323
Provision for warranty expense	20
Warranty costs paid	(4		)
Total accrued warranty as of the end of the period	$	339
Less: Current portion of accrued warranty	153
Long-term portion of accrued warranty	$	186

Income Taxes

3 Months Ended

Jan. 31, 2018

Income Tax Disclosure [Abstract]

Income Taxes

To determine our income tax expense or benefit for interim periods, consistent with accounting standards, we apply the estimated annual effective income tax rate to year-to-date results. Our estimated annual effective tax rates for the three-month periods ended January 31, 2018 and 2017 were 24.0% and 30.2%, respectively, excluding discrete items. The change in the annual rate was due largely to the effect of the Tax Cuts and Jobs Act (the Act) which was signed into law on December 22, 2017.

The Act reduced our federal income tax rate from 35.0% to 23.3% for the fiscal year ending October 31, 2018. Discrete items contributing to the income tax benefit for the three months ended January 31, 2018 included $7.7 million for the re-measurement of our deferred income tax assets and liabilities due to the decrease in the federal corporate income tax rate, a benefit of $0.3 million for the true up of our accruals and related deferred taxes from prior year filings and settled tax audits, a benefit of $0.1 million for the excess tax benefits related to the vesting or exercise of equity-based compensation awards, partially offset by a tax expense of $1.2 million for the one-time mandatory transition tax on deemed repatriation of previously tax-deferred and unremitted foreign earnings.

The following table reconciles our effective income tax benefit rate to the federal statutory rate of 23.3% and 35.0% for the three month periods ended January 31, 2018 and 2017, respectively:



	Three months ended January 31,
	2018		2017
United States tax at statutory rate	23.3	%	35.0	%
State and local income tax	2.5		1.7
Non-United States income tax	(1.0	)	(6.0	)
General business credits	—		(0.4	)
Other permanent differences	(0.8	)	(0.1	)
Deferred rate impact of enactment of tax reform	297.4		—
Tax impact of stock based compensation	4.2		—
Impact of deemed repatriation	(46.9	)	—
Return to actual adjustments	10.6		—
Effective tax benefit rate	289.3	%	30.2	%

The United States statutory rate of 23.3% reflects the period November 1, 2017 to December 31, 2017 at the previous 35.0% rate and the period January 1, 2018 to October 31, 2018 at the new 21.0% rate.

Given the significance of the Act, the SEC staff issued Staff Accounting Bulletin No. 118 (SAB 118), which allows registrants to record provisional amounts during a one year “measurement period”. During the measurement period, impacts of the Act are expected to be recorded at the time a reasonable estimate for all or a portion of the effects can be made, and provisional amounts can be recognized and adjusted as information becomes available, prepared or analyzed. In accordance with SAB 118, a company must reflect the income tax effects of those aspects of the Act for which the accounting under ASC 740 is complete. To the extent that a company’s accounting for certain income tax effects of the Tax Act is incomplete but it is able to determine a reasonable estimate, it must record a provisional estimate in the financial statements. If a company cannot determine a provisional estimate to be included in the financial statements, it should continue to apply ASC 740 on the basis of the provisions of the tax laws that were in effect immediately before the enactment of the Act.

As of January 31, 2018, we have not completed the accounting for the tax effects of the Act. However, we have made an initial assessment of the Act and recorded a discrete benefit of $6.5 million during the three month period ended January 31, 2018. We believe that our assessment of the re-measurement of our deferred income tax assets and liabilities to be complete, while we consider our tax expense related to the one-time mandatory transition tax on deemed repatriation of previously tax-deferred and unremitted foreign earnings and our tax benefit of stock based compensation to be provisional. At this time, our estimate does not reflect changes in current interpretations of compensation deduction limitations, effects of any state tax law changes and uncertainties regarding interpretations that may arise as a result of federal tax reform. Any additional impact of the enactment of the Act will be recorded as they are identified during the one-year measurement period provided for in SAB 118.

In light of the Act, we are evaluating our foreign cash position and potential repatriation of foreign earnings during fiscal 2018. With the exception of the one-time mandatory transition tax on deemed repatriation of previously tax-deferred and unremitted foreign earnings, we do not anticipate any material tax impact from any potential repatriation of previous unremitted foreign earnings.

As of January 31, 2018, our liability for uncertain tax positions (UTP) of $0.6 million relates to certain state tax items regarding the interpretation of tax laws and regulations. Judgment is required in assessing the future tax consequences of events that have been recognized in our financial statements or tax returns. The final outcome of the future tax consequences of legal proceedings, if any, as well as the outcome of competent authority proceedings, changes in regulatory tax laws, or interpretation of those tax laws could impact our financial statements. We are subject to the effect of these matters occurring in various jurisdictions. The disallowance of the UTP would not materially affect the annual effective tax rate. We do not believe any of the UTP at January 31, 2018 will be recognized within the next twelve months.

We evaluate the likelihood of realization of our deferred tax assets by considering both positive and negative evidence. We believe there is no need for a valuation allowance of the federal net operating losses. We will continue to evaluate our position throughout the year. We maintain a valuation allowance for certain state net operating losses which totaled $1.3 million at January 31, 2018.

The audit of our federal income tax return for the pre-acquisition short period of January 1, 2015 to November 2, 2015 for Woodcraft by the United States Internal Revenue Service has been completed with no significant impact to the company.

Contingencies	3 Months Ended
Contingencies	Jan. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Remediation and Environmental Compliance Costs Under applicable state and federal laws, we may be responsible for, among other things, all or part of the costs required to remove or remediate wastes or hazardous substances at locations we, or our predecessors, have owned or operated. From time to time, we also have been alleged to be liable for all or part of the costs incurred to clean up third-party sites where there might have been an alleged improper disposal of hazardous substances. At present, we are not involved in any such matters. From time to time, we incur routine expenses and capital expenditures associated with compliance with existing environmental regulations, including control of air emissions and water discharges, and plant decommissioning costs. We have not incurred any material expenses or capital expenditures related to environmental matters during the past three fiscal years, and do not expect to incur a material amount of such costs in fiscal 2018. While we will continue to have future expenditures related to environmental matters, any such amounts are impossible to reasonably estimate at this time. Based upon our experience to date, we do not believe that our compliance with environmental requirements will have a material adverse effect on our operations, financial condition or cash flows. Spacer Migration We were notified by certain customers through our German operation that the vapor barrier employed on certain spacer products manufactured prior to March 2014 may permit spacer migration in certain extreme circumstances. This product does not have a specific customer warranty, but we have received claims from customers related to this issue, which we continue to investigate. The balance of the accrual for this matter was $1.3 million and $1.4 million at October 31, 2017 and January 31, 2018. During the three months ended January 31, 2018, we incurred additional claims of $0.5 million, which were offset by payments of $0.5 million. The additional change in the accrual during the three months ended January 31, 2018 reflects the impact of foreign currency exchange rates. We cannot estimate any future liability with regard to unasserted claims. We evaluate this reserve at each balance sheet date. We investigate any claims, but we are not obligated to honor any future claims. Litigation From time to time, we, along with our subsidiaries, are involved in various litigation matters arising in the ordinary course of our business, including those arising from or related to contractual matters, commercial disputes, intellectual property, personal injury, environmental matters, product performance or warranties, product liability, insurance coverage and personnel and employment disputes. We regularly review with legal counsel the status of all ongoing proceedings, and we maintain insurance against these risks to the extent deemed prudent by our management and to the extent such insurance is available. However, there is no assurance that we will prevail in these matters or that our insurers will accept full coverage of these matters, and we could, in the future, incur judgments, enter into settlements of claims, or revise our expectations regarding the outcome or insurability of matters we face, which could materially impact our results of operations. We have been and are currently party to multiple claims, some of which are in litigation, relating to alleged defects in a commercial sealant product that was manufactured and sold during the 2000's. During the three months ended January 31, 2018, our insurance carrier reimbursed fees and expenses originally incurred as part of our defense of these various commercial sealant claims totaling $0.5 million to us and additional payments directly to our external counsel. While we believe that our product was not defective and that we would prevail in these commercial sealant product claims if taken to trial, the timing, ultimate resolution and potential impact of these claims is not currently determinable. Nevertheless, after taking into account all currently available information, including our defenses, the advice of our counsel, and the extent and currently-expected availability of our existing insurance coverage, we believe that the eventual outcome of these commercial sealant claims will not have a material adverse effect on our overall financial condition, results of operations or cash flows, and we have not recorded any accrual with regard to these claims.

Derivative Instruments

3 Months Ended

Jan. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

Our derivative activities are subject to the management, direction, and control of the Chief Financial Officer and Chief Executive Officer. Certain transactions in excess of specified levels require further approval from the Board of Directors.

The nature of our business activities requires the management of various financial and market risks, including those related to changes in foreign currency exchange rates. We have historically used foreign currency forwards and options to mitigate or eliminate certain of those risks at our subsidiaries. We use foreign currency contracts to offset fluctuations in the value of accounts receivable and accounts payable balances that are denominated in currencies other than the United States dollar, including the Euro, British Pound and Canadian Dollar. Currently, we do not enter into derivative transactions for speculative or trading purposes. We are exposed to credit loss in the event of nonperformance by the counterparties to our derivative transactions. We attempt to mitigate this risk by monitoring the creditworthiness of our counterparties and limiting our exposure to individual counterparties. In addition, we have established master netting agreements in certain cases to facilitate the settlement of gains and losses on specific derivative contracts.

We have not designated any of our derivative contracts as hedges for accounting purposes in accordance with the provisions under the Accounting Standards Codification Topic 815 "Derivatives and Hedging" (ASC 815). Therefore, changes in the fair value of these contracts and the realized gains and losses are recorded in the unaudited condensed consolidated statements of income (loss) for the three-month periods ended January 31, 2018 and 2017 as follows (in thousands):

We have chosen not to offset any of our derivative instruments in accordance with the provisions of ASC 815. Therefore, the assets and liabilities are presented on a gross basis on the accompanying condensed consolidated balance sheets. Less than $0.1 million of fair value related to foreign currency derivatives was included in prepaid and other current assets as of October 31, 2017. Less than $0.1 million of fair value related to foreign currency derivatives was included in accrued liabilities as of January 31, 2018 and October 31, 2017.

The following table summarizes the notional amounts and fair value of outstanding derivative contracts at January 31, 2018 and October 31, 2017 (in thousands):



		Notional as indicated				Fair Value in $
		January 31, 2018		October 31, 2017		January 31, 2018			October 31, 2017
Foreign currency derivatives:
Sell EUR, buy USD	EUR	$	104	$	1,271	$	(1	)	$	24
Sell CAD, buy USD	CAD	231		320		—			1
Sell GBP, buy USD	GBP	47		75		—			—
Buy EUR, sell GBP	EUR	36		30		—			(1		)
Buy USD, sell EUR	USD	1		—		—			—
Buy GBP, sell EUR	GBP	1		—		—			—

For the classification in the fair value hierarchy, see Note 11, "Fair Value Measurement of Assets and Liabilities", included herewith.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

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+ Details

Fair Value Measurement of Assets and Liabilities

3 Months Ended

Jan. 31, 2018

Fair Value Disclosures [Abstract]

Fair Value Measurement of Assets and Liabilities

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity's own assumptions about market data developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to Level 1 and the lowest priority to Level 3. The three levels of the fair value hierarchy are described below:


•	Level 1 - Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

•

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates) and inputs that are derived principally from or corroborated by observable market data by correlation or other means.


•	Level 3 - Inputs that are both significant to the fair value measurement and unobservable.

As of January 31, 2018 and October 31, 2017, foreign currency derivatives were the only instruments being measured on a recurring basis. Less than $0.1 million of foreign currency derivatives were included in total liabilities as of January 31, 2018 and less than $0.1 million of foreign currency derivatives were included in total assets and total liabilities as of October 31, 2017. All of our derivative contracts are valued using quoted market prices from brokers or exchanges and are classified within Level 2 of the fair value hierarchy.

We have recorded land totaling approximately $2.4 million at fair value on a non-recurring basis which is classified as Level 3 measurement as of January 31, 2018 and October 31, 2017. The fair value was based on broker opinions.

Carrying amounts reported on the balance sheet for cash, cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term maturity of these instruments. Our outstanding debt is variable rate debt that re-prices frequently, thereby limiting our exposure to significant change in interest rate risk. As a result, the fair value of our debt instruments approximates carrying value at January 31, 2018, and October 31, 2017 (Level 3 measurement).

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Stock-Based Compensation

3 Months Ended

Jan. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

We have established and maintain an Omnibus Incentive Plan (2008 Plan) that provides for the granting of restricted stock awards, stock options, restricted stock units, performance share awards, performance restricted stock units, and other stock-based and cash-based awards. The 2008 Plan is administered by the Compensation and Management Development Committee of the Board of Directors.

The aggregate number of shares of common stock authorized for grant under the 2008 Plan is 7,650,000 as approved by shareholders. Any officer, key employee and/or non-employee director is eligible for awards under the 2008 Plan. We grant restricted stock units to non-employee directors on the first business day of each fiscal year. As approved by the Compensation & Management Development Committee of our Board of Directors annually, we grant stock options, restricted stock awards, performance shares and/or performance restricted stock units to officers, management and key employees. Occasionally, we may make additional grants to key employees at other times during the year.

Restricted Stock Awards

Restricted stock awards are granted to key employees and officers annually, and typically cliff vest over a three-year period with service and continued employment as the only vesting criteria. The recipient of the restricted stock award is entitled to all of the rights of a shareholder, except that the award is nontransferable during the vesting period. The fair value of the restricted stock award is established on the grant date and then expensed over the vesting period resulting in an increase in additional paid-in-capital. Shares are generally issued from treasury stock at the time of grant.

A summary of non-vested restricted stock awards activity during the three months ended January 31, 2018 is presented below:



	Restricted Stock Awards		Weighted Average Grant Date Fair Value per Share
Non-vested at October 31, 2017	284,300		$	19.66
Granted	73,400		20.70
Vested	(61,800	)	20.28
Non-vested at January 31, 2018	295,900		$	19.79

The total weighted average grant-date fair value of restricted stock awards that vested during each of the three-month periods ended January 31, 2018 and 2017 was $1.3 million and $1.2 million, respectively. As of January 31, 2018, total unrecognized compensation cost related to unamortized restricted stock awards was $3.1 million. We expect to recognize this expense over the remaining weighted average vesting period of 2.1 years.

Stock Options

Historically, stock options have been awarded to key employees, officers and non-employee directors. Effective May 2015, the director compensation structure was revised to eliminate the annual grant of stock options to non-employee directors. Officer stock options typically vest ratably over a three-year period with service and continued employment as the vesting conditions. Our stock options may be exercised up to a maximum of ten years from the date of grant. The fair value of the stock options is determined on the grant date and expensed over the vesting period resulting in an increase in additional paid-in-capital. For employees who are nearing retirement-eligibility, we recognize stock option expense ratably over the shorter of the vesting period or the period from the grant-date to the retirement-eligibility date. During December 2017, the Compensation & Management Committee of the Board of Directors approved a change to the long-term incentive award program eliminating the grant of stock options and replacing this award with a grant of performance restricted stock units as further described below.

We use a Black-Scholes pricing model to estimate the fair value of stock options. A description of the methodology for the valuation assumptions was disclosed in our Annual Report on Form 10-K for the fiscal year ended October 31, 2017.

The following table provides a summary of assumptions used to estimate the fair value of our stock options issued during the three-month period ended January 31, 2017.



	Three Months Ended
	January 31, 2017
Weighted-average expected volatility	34.7%
Weighted-average expected term (in years)	5.7
Risk-free interest rate	2.0%
Expected dividend yield over expected term	1.0%
Weighted average grant date fair value	$6.25

The following table summarizes our stock option activity for the three months ended January 31, 2018:



	Stock Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (000s)
Outstanding at October 31, 2017	2,152,758		$	17.44
Granted	—		—
Exercised	(176,947	)	12.61
Forfeited/Expired	—		—
Outstanding at January 31, 2018	1,975,811		$	17.88	5.2	$	5,692
Vested or expected to vest at January 31, 2018	1,975,811		$	17.88	5.2	$	5,692
Exercisable at January 31, 2018	1,691,433		$	17.62	4.7	$	5,316

Intrinsic value is the amount by which the market price of the common stock on the date of exercise exceeds the exercise price of the stock option. The total intrinsic value of stock options exercised during the three months ended January 31, 2018 and 2017 was $1.9 million and $0.5 million. The weighted-average grant date fair value of stock options that vested during the three months ended January 31, 2018 and 2017 was $1.5 million and $1.8 million, respectively. As of January 31, 2018, total unrecognized compensation cost related to stock options was $0.6 million. We expect to recognize this expense over the remaining weighted average vesting period of 1.5 years.

Restricted Stock Units

Restricted stock units may be awarded to key employees and officers from time to time, and annually to non-employee directors. The non-employee director restricted stock units vest immediately but are payable only upon the director's cessation of service unless an election is made by the non-employee director to settle and pay the award on an earlier specified date. Restricted stock units awarded to employees and officers typically cliff vest after a three-year period with service and continued employment as the vesting conditions. Restricted stock units are not considered outstanding shares and do not have voting rights, although the holder does receive a cash payment equivalent to the dividend paid, on a one-for-one basis, on our outstanding common shares. Once the criteria is met, each restricted stock unit is payable to the holder in cash based on the market value of one share of our common stock. Accordingly, we record a liability for the restricted stock units on our balance sheet and recognize any changes in the market value during each reporting period as compensation expense.

As of January 31, 2018, there were no non-vested restricted stock units. During the three-month periods ended January 31, 2018 and 2017, non-employee directors received 18,050 and 24,560 restricted stock units, respectively, at a grant date fair value of $21.85 and $15.65, respectively, which vested immediately. During the three-month periods ended January 31, 2018 and 2017, there were no payments to settle restricted stock units.

Performance Share Awards

We have awarded annual grants of performance shares to key employees and officers. These awards cliff vest after a three-year period with service and performance measures (relative total shareholder return (R-TSR) and earnings per share (EPS) growth), as vesting conditions. However, the number of shares earned is variable depending on the metrics achieved, and the settlement method is 50% in cash and 50% in our common stock.

To account for these awards, we have bifurcated the portion subject to a market condition (relative total shareholder return) and the portion subject to an internal performance measure (earnings per share growth). We have further bifurcated these awards based on the settlement method, as the portion expected to settle in stock (equity component) and the portion expected to settle in cash (liability component).

To value the shares subject to the market condition, we utilized a Monte Carlo simulation model to arrive at a grant-date fair value. This amount will be expensed over the three-year term of the award with a credit to additional paid-in-capital. To value the shares subject to the internal performance measure, we used the value of our common stock on the date of grant as the grant-date fair value per share. This amount is being expensed over the three-year term of the award, with a credit to additional paid-in-capital, and could fluctuate depending on the number of shares ultimately expected to vest based on our assessment of the probability that the performance conditions will be achieved. For both performance conditions, the portion of the award expected to settle in cash is recorded as a liability and is being marked to market over the three-year term of the award, and can fluctuate depending on the number of shares ultimately expected to vest. Depending on the achievement of the performance conditions, 0% to 200% of the awarded performance shares may ultimately vest.

The following table summarizes our performance share grants and the grant date fair value for the EPS and R-TSR performance metrics:



	Grant Date Fair Value
Grant Date	Shares Awarded	EPS		R-TSR		Shares Forfeited
December 2, 2015	158,100	$	19.31	$	23.72	11,100
January 25, 2016	4,300	17.46		26.65		—
November 30, 2016	186,500	19.45		26.61		2,400
December 7, 2017	146,500	$	20.70	$	21.81	—

On December 3, 2017, 123,600 shares vested pursuant to the December 2014 grant, resulting in the issuance of 25,340 shares of common stock and a cash payment of $0.6 million. The November 2016 and December 2017 grants include a return on invested capital (ROIC) metric which, if achieved, could enhance the number of shares that are ultimately issued but cannot exceed the maximum (200%). Due to the uncertainty with regard to achieving this metric, no value has been assigned. In the event and at such time the metric is deemed achievable, compensation expense will begin to be recognized through the remaining vesting period. For the three-month period ended January 31, 2018, we recorded a decrease in compensation expense of $0.6 million which reflects a decrease in the number of shares expected to vest in December 2018 associated with the December 2, 2015 performance share grant, as well as current expense for other outstanding performance share grants. For the three-month period ended January 31, 2017, we recorded compensation expense of $1.0 million related to our performance share awards.

Performance share awards are not considered outstanding shares and do not have voting rights, although dividends are accrued over the performance period and will be payable in cash based upon the number of performance shares ultimately earned.

The performance shares are excluded from the diluted weighted-average shares used to calculate earnings per share until the performance criteria is probable to result in the issuance of contingent shares. As of January 31, 2018, we have deemed 55,125 shares related to the December 2015 grant of performance shares as probable to vest. We expect to settle these shares in December 2018 by issuing 27,563 shares and paying the value of the equivalent number of shares in cash, along with accrued dividends thereon.

Performance Restricted Stock Units

We awarded performance restricted share units to key employees and officers in December 2017. These awards cliff vest upon a three-year service period with the absolute total shareholder return of our common stock over this three-year term as the vesting criteria. The number of shares earned is variable depending on the metric achieved, and the settlement method is 100% in our common stock, with accrued dividends paid in cash at the time of vesting, assuming the shares had been outstanding throughout the performance period.

To value the shares, we utilized a Monte Carlo simulation model to arrive at a grant-date fair value. This amount will be adjusted for forfeitures and expensed over the three-year term of the award with a credit to additional paid-in-capital. Depending on the achievement of the performance conditions, a minimum of 0% and a maximum of 150% of the awarded performance restricted stock units may vest. Specifically, the awards vest on a continuum with the following milestones: if absolute total shareholder return is -20%, 50% of the award will vest; at 20% total shareholder return, 100% of the award will vest; and at 50% absolute total shareholder return, 150% of the award will vest. If absolute total shareholder return is below -20%, none of the shares will vest. In accordance with U.S. GAAP, regardless of whether the market performance measure is ultimately met, compensation expense will be recognized.

On December 7, 2017, we awarded 78,200 performance restricted share units with a grant date fair value of $17.76 per share. As of January 31, 2018, we recorded compensation expense of approximately $0.1 million related to our performance share restricted units.

Similar to performance shares, the performance restricted stock units are not considered outstanding shares, do not have voting rights, and are excluded from diluted weighted-average shares used to calculate earnings per share until the performance criteria is probable to result in the issuance of contingent shares.

Treasury Shares

We record treasury stock purchases under the cost method whereby the entire cost of the acquired stock is recorded as treasury stock. Shares are generally issued from treasury stock at the time of grant of restricted stock awards, and upon the exercise of stock options and upon the vesting of performance shares and performance restricted stock units. On the subsequent issuance of treasury shares, we record proceeds in excess of cost as an increase in additional paid in capital. A deficiency of such proceeds relative to costs would be applied to reduce paid-in-capital associated with prior issuances to the extent available, with the remainder recorded as a charge to retained earnings. We recorded a charge to retained earnings of $0.9 million during the three months ended January 31, 2018.

The following table summarizes the treasury stock activity during the three months ended January 31, 2018:



	Three Months Ended
	January 31, 2018
Beginning balance as of November 1, 2017	2,670,743
Restricted stock awards granted	(73,400	)
Performance share awards vested	(25,340	)
Stock options exercised	(176,947	)
Balance at January 31, 2018	2,395,056

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References + Details

Other Income (Expense)

3 Months Ended

Jan. 31, 2018

Other Income and Expenses [Abstract]

Other Income (Expense)

Other Income (Loss)

Other income (loss) included under the caption "Other, net" on the accompanying condensed consolidated statements of income (loss), consisted of the following for the three-month periods ended January 31, 2018 and 2017:



	Three Months Ended
	January 31,
	2018			2017
	(In thousands)
Foreign currency transaction gains	$	354		$	486
Foreign currency derivative (losses) gains	(55		)	144
Interest income	15			27
Other	3			4
Other, net	$	317		$	661

Segment Information (Notes)

3 Months Ended

Jan. 31, 2018

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Segment Information

We present three reportable business segments in accordance with Topic 280-10-50, "Segment Reporting" (ASC 280): (1) North American Engineered Components segment (“NA Engineered Components”), comprising four operating segments primarily focused on the fenestration market in North America including vinyl profiles, insulating glass (IG) spacers, screens & other fenestration components; (2) European Engineered Components segment (“EU Engineered Components”), comprising our United Kingdom-based vinyl extrusion business, manufacturing vinyl profiles & conservatories, and the European insulating glass business manufacturing IG spacers; and (3) North American Cabinet Components segment (“NA Cabinet Components”), comprising solely the North American cabinet door and components business acquired in November 2015. We maintain an Unallocated Corporate & Other grouping which includes LIFO inventory adjustments, corporate office charges, and inter-segment eliminations, less an allocation of a portion of the general and administrative costs associated with the corporate office which have been allocated to the reportable business segments, based upon a relative measure of profitability, in order to more accurately reflect each reportable business segment's administrative cost. Certain costs are not allocated to the reportable operating segments, but remain in Unallocated Corporate & Other, including transaction expenses, stock-based compensation, long-term incentive awards based on the performance of our common stock and other factors, certain severance and legal costs not deemed to be allocable to all segments, depreciation of corporate assets, interest expense, other, net, income taxes and inter-segment eliminations. The accounting policies of our operating segments are the same as those used to prepare the accompanying condensed consolidated financial statements. Corporate general and administrative expense allocated during the three-month periods ended January 31, 2018 and 2017 were $5.1 million and $4.4 million, respectively.

ASC 280 permits aggregation of operating segments based on factors including, but not limited to: (1) similar nature of products serving the building products industry, primarily the fenestration business; (2) similar production processes, although there are some differences in the amount of automation amongst operating plants; (3) similar types or classes of customers, namely the primary OEMs; (4) similar distribution methods for product delivery, although the extent of the use of third-party distributors will vary amongst the businesses; (5) similar regulatory environment; and (6) converging long-term economic similarities.

Segment information for the three months ended January 31, 2018 and 2017, and total assets as of January 31, 2018 and October 31, 2017 are summarized in the following table (in thousands):



	NA Eng. Comp.		EU Eng. Comp.		NA Cabinet Comp.			Unallocated Corp. & Other			Total
Three Months Ended January 31, 2018
Net sales	$	102,727	$	33,996	$	55,922		$	(979	)	$	191,666
Depreciation and amortization	7,012		2,449		3,686			126			13,273
Operating income (loss)	1,611		1,264		(2,877		)	(487		)	(489		)
Capital expenditures	3,897		2,408		1,458			48			7,811
Three Months Ended January 31, 2017
Net sales	$	106,083	$	31,569	$	58,630		$	(1,186	)	$	195,096
Depreciation and amortization	9,938		2,056		3,275			137			15,406
Operating income (loss)	70		2,203		(827		)	(5,287		)	(3,841		)
Capital expenditures	3,711		3,144		1,084			202			8,141
As of January 31, 2018
Total assets	$	246,021	$	229,510	$	284,132		$	7,371		$	767,034
As of October 31, 2017
Total assets	$	258,315	$	219,622	$	285,457		$	10,485		$	773,879

During 2017, we transferred two operating plants that manufacture wood products (fenestration and non-fenestration products) from the NA Engineered Components segment to the NA Cabinet Components segment, to better align wood-related products under a common segment management team, which is expected to generate operational efficiencies and synergies. The operating results and total assets presented reflect this transfer as if it occurred on November 1, 2016.

The following table reconciles our segment presentation, as previously reported in our Quarterly Report on Form 10-Q for the three months ended January 31, 2017, to the current presentation (in thousands):



Three Months Ended January 31, 2017	As Previously Reported			Reclassification			Current Presentation
	(in thousands)
NA Engineered Components
Net sales	$	111,073		$	(4,990	)	$	106,083
Depreciation and amortization	10,078			(140		)	9,938
Operating income (loss)	301			(231		)	70
Capital expenditures	$	3,756		$	(45	)	$	3,711
EU Engineered Components
Net sales	$	31,569		$	—		$	31,569
Depreciation and amortization	2,056			—			2,056
Operating income (loss)	2,203			—			2,203
Capital expenditures	$	3,144		$	—		$	3,144
NA Cabinet Components
Net sales	$	52,997		$	5,633		$	58,630
Depreciation and amortization	3,135			140			3,275
Operating income (loss)	(1,058		)	231			(827		)
Capital expenditures	$	1,039		$	45		$	1,084
Unallocated Corporate & Other
Net sales	$	(543	)	$	(643	)	$	(1,186	)
Depreciation and amortization	137			—			137
Operating income (loss)	(5,287		)	—			(5,287		)
Capital expenditures	$	202		$	—		$	202

The following table summarizes the change in the carrying amount of goodwill by segment for the three months ended January 31, 2018 (in thousands):



	NA Eng. Comp.		EU Eng. Comp.		NA Cabinet Comp.		Unallocated Corp. & Other		Total
Balance as of October 31, 2017	$	38,712	$	69,735	$	113,747	$	—	$	222,194
Foreign currency translation adjustment	—		4,733		—		—		4,733
Balance as of January 31, 2018	$	38,712	$	74,468	$	113,747	$	—	$	226,927

For further details of Goodwill, see Note 4, "Goodwill & Intangible Assets", located herewith.

We did not allocate non-operating loss or income tax benefit to the reportable segments. The following table reconciles operating loss as reported above to net income (loss) for the three months ended January 31, 2018 and 2017:



	Three Months Ended
	January 31,
	2018			2017
	(In thousands)
Operating loss	$	(489	)	$	(3,841	)
Interest expense	(2,441		)	(2,160		)
Other, net	317			661
Income tax benefit	7,560			1,614
Net income (loss)	$	4,947		$	(3,726	)

Product Sales

We produce a wide variety of products that are used in the fenestration industry, including window and door systems; accessory trim profiles with real wood veneers and wood grain laminate finishes; window spacer systems; extruded vinyl products; metal fabrication; and astragals, thresholds and screens. In addition, we produce certain non-fenestration products, including kitchen and bath cabinet doors and components, flooring and trim moldings, solar edge tape, plastic decking, fencing, water retention barriers, conservatory roof components, and other products.

The following table summarizes our product sales for the three-month periods ended January 31, 2018 and 2017 into general groupings by segment to provide additional information to our shareholders. For all periods presented, this table reflects the reclassification of two operating plants transferred from the NA Engineered Components segment to the NA Cabinet Components segment, as applicable.



	Three Months Ended
	January 31,
	2018			2017
	(In thousands)
NA Engineered Components:
United States - fenestration	$	88,216		$	89,711
International - fenestration	7,008			6,341
United States - non-fenestration	4,147			5,831
International - non-fenestration	3,356			4,200
	$	102,727		$	106,083
EU Engineered Components:
United States - fenestration	$	—		$	35
International - fenestration	29,869			28,905
International - non-fenestration	4,127			2,629
	$	33,996		$	31,569
NA Cabinet Components:
United States - fenestration	$	3,445		$	3,332
United States - non-fenestration	52,006			54,691
International - non-fenestration	471			607
	$	55,922		$	58,630
Unallocated Corporate & Other
Eliminations	$	(979	)	$	(1,186	)
	$	(979	)	$	(1,186	)
Net sales	$	191,666		$	195,096

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Earnings Per Share

3 Months Ended

Jan. 31, 2018

Earnings Per Share [Abstract]

Earnings Per Share

We compute basic earnings (loss) per share by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings per common and potential common shares include the weighted average of additional shares associated with the incremental effect of dilutive employee stock options, non-vested restricted stock as determined using the treasury stock method prescribed by U.S. GAAP and contingent shares associated with performance share awards, if dilutive.

Basic and diluted earnings per share for the three-month period ended January 31, 2018 was calculated as follows (in thousands, except per share data):



	Three Months Ended January 31, 2018
	Net Income		Weighted Average Shares	Per Share
Basic earnings per common share	$	4,947	34,662	$	0.14
Effect of dilutive securities:
Stock options	—		442
Restricted stock awards	—		154
Performance shares	—		28
Diluted earnings per common share	$	4,947	35,286	$	0.14

Basic and diluted loss per share was $0.11 for the three months ended January 31, 2017. The computation of diluted earnings per share excludes outstanding stock options and other common stock equivalents when their inclusion would be anti-dilutive. This is always the case when an entity incurs a net loss. During the three-month period ended January 31, 2017, 420,603 shares of common stock equivalents and 121,857 shares of restricted stock, were excluded from the computation of diluted earnings per share. In addition, 62,650 potentially dilutive contingent shares related to performance share awards for the three-month period ended January 31, 2017 were excluded.

We had common stock equivalents that were potentially dilutive in future earnings per share calculations of 108,267 and 1,033,246 for the three-month periods ended January 31, 2018 and 2017, respectively. Such dilution will be dependent on the excess of the market price of our stock over the exercise price and other components of the treasury stock method.

New Accounting Guidance Adopted

3 Months Ended

Jan. 31, 2018

Accounting Changes and Error Corrections [Abstract]

New Accounting Guidance Adopted

New Accounting Guidance

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers. This guidance prescribes a methodology to determine when revenue is recognizable and constitutes a principles-based approach to revenue recognition based on the consideration to which the entity expects to be entitled in exchange for goods or services. In addition, this guidance requires additional disclosure in the notes to the financial statements with regard to the methodology applied. This pronouncement will essentially supersede and replace existing revenue recognition rules in U.S. GAAP, including industry-specific guidance. We expect to adopt this guidance in fiscal 2019. We are currently evaluating the impact on our consolidated financial statements and have begun collecting the population of revenues by contract type for further evaluation.

In July 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory. This amendment simplifies the subsequent measurement of inventories by replacing the lower of cost or market revaluation method with the lower of cost and net realizable value test. This guidance is applicable to all inventories measured using methods other than last-in first-out method and the retail inventory method. We adopted the provisions of ASU 2016-09 effective November 1, 2017, with no material impact on our consolidated financial statements.

In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This guidance prescribes the presentation of excess tax benefits or deficiencies derived from book and tax timing differences associated with stock-based compensation arrangements and certain related statement of cash flow implications. We adopted the provisions of ASU 2016-09 effective November 1, 2017, as noted below with no significant impact on our consolidated financial statements.


•	Excess tax benefits or deficiencies for share-based payments are to be recorded in the income tax provision, rather than as an adjustment to additional paid-in-capital. We made this change on a prospective basis;

•

Cash flows related to excess tax benefits or deficiencies are included in net cash provided by operating activities rather than as a financing activity. We adopted this change retrospectively, which resulted in an increase to net cash provided by operating activities and a corresponding decrease to net cash provided by financing activities of less than $0.1 million for the three months ended January 31, 2017;

•

Cash paid to taxing authorities when withholding shares from an employee’s vesting or exercise of equity-based compensation awards for tax-withholding purposes is to be classified as net cash used in financing activities rather than as an operating activity. We adopted this change retrospectively, which resulted in an increase to net cash provided by operating activities and a corresponding decrease to net cash provided by financing activities of $1.0 million for the three months ended January 31, 2017;


•	We elected to continue to withhold shares associated with stock-based compensation vesting or exercises to satisfy the minimum statutory tax withholding requirements, rather than electing to withhold at a higher rate; and


•	We elected to continue to estimate forfeitures rather than account for forfeitures as they occur.

In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This amendment requires disclosure of the accounting policy for releasing income tax effects from accumulated other comprehensive income. It also provides an option for entities to reclassify the income tax effects of the Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings. We elected to early adopt this ASU effective November 1, 2017. We record income tax effects related to our unrecognized pension obligations in accumulated other comprehensive income as discussed in our Annual Report on Form 10-K for the year ended October 31, 2017. We have not elected to reclassify the income tax effects of the Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings.

Inventories (Tables)

3 Months Ended

Jan. 31, 2018

Inventory Disclosure [Abstract]

Inventories

Inventories consisted of the following at January 31, 2018 and October 31, 2017:



	January 31, 2018		October 31, 2017
	(In thousands)
Raw materials	$	52,507	$	50,472
Finished goods and work in process	46,438		40,087
Supplies and other	3,467		2,655
Total	102,412		93,214
Less: Inventory reserves	6,569		5,685
Inventories, net	$	95,843	$	87,529

Values of Inventories

Our inventories at January 31, 2018 and October 31, 2017 were valued using the following costing methods:



	January 31, 2018		October 31, 2017
	(In thousands)
LIFO	$	4,564	$	4,444
FIFO	91,279		83,085
Total	$	95,843	$	87,529

Goodwill and Intangible Assets (Tables)

3 Months Ended

Jan. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the Carrying Amount of Goodwill

The change in the carrying amount of goodwill for the three months ended January 31, 2018 was as follows:



	Three Months Ended
	January 31, 2018
	(In thousands)
Beginning balance as of November 1, 2017	$	222,194
Foreign currency translation adjustment	4,733
Balance as of the end of the period	$	226,927

The following table summarizes the change in the carrying amount of goodwill by segment for the three months ended January 31, 2018 (in thousands):



	NA Eng. Comp.		EU Eng. Comp.		NA Cabinet Comp.		Unallocated Corp. & Other		Total
Balance as of October 31, 2017	$	38,712	$	69,735	$	113,747	$	—	$	222,194
Foreign currency translation adjustment	—		4,733		—		—		4,733
Balance as of January 31, 2018	$	38,712	$	74,468	$	113,747	$	—	$	226,927

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

Identifiable Intangible Assets

Amortizable intangible assets consisted of the following as of January 31, 2018 and October 31, 2017:



	January 31, 2018				October 31, 2017
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
	(In thousands)
Customer relationships	$	157,954	$	51,625	$	155,230	$	48,479
Trademarks and trade names	56,894		30,533		56,058		29,509
Patents and other technology	22,346		16,293		22,624		16,146
Total	$	237,194	$	98,451	$	233,912	$	94,134

Estimated Amortization Expense Related to Intangible Assets

Estimated remaining amortization expense, assuming current intangible balances and no new acquisitions, for each of the fiscal years ending October 31, is as follows (in thousands):



	Estimated Amortization Expense
2018 (remaining nine months)	$	12,219
2019	15,587
2020	14,530
2021	12,809
2022	12,185
Thereafter	71,413
Total	$	138,743

Debt and Capital Lease Obligations (Tables)

3 Months Ended

Jan. 31, 2018

Debt Disclosure [Abstract]

Debt and Capital Lease Obligations

Debt consisted of the following at January 31, 2018 and October 31, 2017:



	January 31, 2018			October 31, 2017
	(In thousands)
Revolving Credit Facility	$	83,500		$	84,000
Term Loan A	135,000			138,750
Capital lease obligations and other	19,584			18,764
Unamortized deferred financing fees	(1,949		)	(2,088		)
Total debt	$	236,135		$	239,426
Less: Current maturities of long-term debt	20,773			21,242
Long-term debt	$	215,362		$	218,184

Schedule Of Applicable Margin And Commitment Fees

The applicable margin and commitment fees are outlined in the following table:



Pricing Level	Consolidated Leverage Ratio	Commitment Fee	LIBOR Rate Loans	Base Rate Loans
I	Less than or equal to 1.50 to 1.00	0.200%	1.50%	0.50%
II	Greater than 1.50 to 1.00, but less than or equal to 2.25 to 1.00	0.225%	1.75%	0.75%
III	Greater than 2.25 to 1.00, but less than or equal to 3.00 to 1.00	0.250%	2.00%	1.00%
IV	Greater than 3.00 to 1.00	0.300%	2.25%	1.25%

Schedule Of Consolidated Leverage Ratio Requirements



Period		Maximum Ratio
January 31, 2017 through January 30, 2018		3.25 to 1.00
January 31, 2018 and thereafter		3.00 to 1.00

Retirement Plans (Tables)

3 Months Ended

Jan. 31, 2018

Compensation and Retirement Disclosure [Abstract]

Net Periodic Pension Cost

The net periodic pension cost for this plan for the three-month periods ended January 31, 2018 and 2017 was as follows:



	Three Months Ended
	January 31,
	2018			2017
	(In thousands)
Service cost	$	949		$	926
Interest cost	215			212
Expected return on plan assets	(466		)	(457		)
Amortization of net loss	144			143
Net periodic benefit cost	$	842		$	824

Warranty Obligations (Tables)

3 Months Ended

Jan. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Reconciliation of Activity Related to Accrued Warranty



	Three Months Ended
	January 31, 2018
	(In thousands)
Beginning balance as of November 1, 2017	$	323
Provision for warranty expense	20
Warranty costs paid	(4		)
Total accrued warranty as of the end of the period	$	339
Less: Current portion of accrued warranty	153
Long-term portion of accrued warranty	$	186

Income Taxes Income Tax (Tables)

3 Months Ended

Jan. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The following table reconciles our effective income tax benefit rate to the federal statutory rate of 23.3% and 35.0% for the three month periods ended January 31, 2018 and 2017, respectively:



	Three months ended January 31,
	2018		2017
United States tax at statutory rate	23.3	%	35.0	%
State and local income tax	2.5		1.7
Non-United States income tax	(1.0	)	(6.0	)
General business credits	—		(0.4	)
Other permanent differences	(0.8	)	(0.1	)
Deferred rate impact of enactment of tax reform	297.4		—
Tax impact of stock based compensation	4.2		—
Impact of deemed repatriation	(46.9	)	—
Return to actual adjustments	10.6		—
Effective tax benefit rate	289.3	%	30.2	%

Derivative Instruments (Tables)

3 Months Ended

Jan. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

Schedule of Notional Amounts of Oustanding Derivative Positions

The following table summarizes the notional amounts and fair value of outstanding derivative contracts at January 31, 2018 and October 31, 2017 (in thousands):



		Notional as indicated				Fair Value in $
		January 31, 2018		October 31, 2017		January 31, 2018			October 31, 2017
Foreign currency derivatives:
Sell EUR, buy USD	EUR	$	104	$	1,271	$	(1	)	$	24
Sell CAD, buy USD	CAD	231		320		—			1
Sell GBP, buy USD	GBP	47		75		—			—
Buy EUR, sell GBP	EUR	36		30		—			(1		)
Buy USD, sell EUR	USD	1		—		—			—
Buy GBP, sell EUR	GBP	1		—		—			—

Stock-Based Compensation (Tables)

3 Months Ended

Jan. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Nonvested Restricted Share Activity

A summary of non-vested restricted stock awards activity during the three months ended January 31, 2018 is presented below:



	Restricted Stock Awards		Weighted Average Grant Date Fair Value per Share
Non-vested at October 31, 2017	284,300		$	19.66
Granted	73,400		20.70
Vested	(61,800	)	20.28
Non-vested at January 31, 2018	295,900		$	19.79

Schedule of Valuation Assumptions for Stock Options

The following table summarizes our performance share grants and the grant date fair value for the EPS and R-TSR performance metrics:



	Grant Date Fair Value
Grant Date	Shares Awarded	EPS		R-TSR		Shares Forfeited
December 2, 2015	158,100	$	19.31	$	23.72	11,100
January 25, 2016	4,300	17.46		26.65		—
November 30, 2016	186,500	19.45		26.61		2,400
December 7, 2017	146,500	$	20.70	$	21.81	—

The following table provides a summary of assumptions used to estimate the fair value of our stock options issued during the three-month period ended January 31, 2017.



	Three Months Ended
	January 31, 2017
Weighted-average expected volatility	34.7%
Weighted-average expected term (in years)	5.7
Risk-free interest rate	2.0%
Expected dividend yield over expected term	1.0%
Weighted average grant date fair value	$6.25

Schedule of Stock Option Activity

The following table summarizes our stock option activity for the three months ended January 31, 2018:



	Stock Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (000s)
Outstanding at October 31, 2017	2,152,758		$	17.44
Granted	—		—
Exercised	(176,947	)	12.61
Forfeited/Expired	—		—
Outstanding at January 31, 2018	1,975,811		$	17.88	5.2	$	5,692
Vested or expected to vest at January 31, 2018	1,975,811		$	17.88	5.2	$	5,692
Exercisable at January 31, 2018	1,691,433		$	17.62	4.7	$	5,316

Treasury Stock Activity

The following table summarizes the treasury stock activity during the three months ended January 31, 2018:



	Three Months Ended
	January 31, 2018
Beginning balance as of November 1, 2017	2,670,743
Restricted stock awards granted	(73,400	)
Performance share awards vested	(25,340	)
Stock options exercised	(176,947	)
Balance at January 31, 2018	2,395,056

Other Income (Expense) (Tables)

3 Months Ended

Jan. 31, 2018

Other Income and Expenses [Abstract]

Schedule of Other Non-operating Income (Expense)

13. Other Income (Loss)



	Three Months Ended
	January 31,
	2018			2017
	(In thousands)
Foreign currency transaction gains	$	354		$	486
Foreign currency derivative (losses) gains	(55		)	144
Interest income	15			27
Other	3			4
Other, net	$	317		$	661

Segment Information (Tables)

3 Months Ended

Jan. 31, 2018

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment



	Three Months Ended
	January 31,
	2018			2017
	(In thousands)
Operating loss	$	(489	)	$	(3,841	)
Interest expense	(2,441		)	(2,160		)
Other, net	317			661
Income tax benefit	7,560			1,614
Net income (loss)	$	4,947		$	(3,726	)

Segment information for the three months ended January 31, 2018 and 2017, and total assets as of January 31, 2018 and October 31, 2017 are summarized in the following table (in thousands):



	NA Eng. Comp.		EU Eng. Comp.		NA Cabinet Comp.			Unallocated Corp. & Other			Total
Three Months Ended January 31, 2018
Net sales	$	102,727	$	33,996	$	55,922		$	(979	)	$	191,666
Depreciation and amortization	7,012		2,449		3,686			126			13,273
Operating income (loss)	1,611		1,264		(2,877		)	(487		)	(489		)
Capital expenditures	3,897		2,408		1,458			48			7,811
Three Months Ended January 31, 2017
Net sales	$	106,083	$	31,569	$	58,630		$	(1,186	)	$	195,096
Depreciation and amortization	9,938		2,056		3,275			137			15,406
Operating income (loss)	70		2,203		(827		)	(5,287		)	(3,841		)
Capital expenditures	3,711		3,144		1,084			202			8,141
As of January 31, 2018
Total assets	$	246,021	$	229,510	$	284,132		$	7,371		$	767,034
As of October 31, 2017
Total assets	$	258,315	$	219,622	$	285,457		$	10,485		$	773,879



Three Months Ended January 31, 2017	As Previously Reported			Reclassification			Current Presentation
	(in thousands)
NA Engineered Components
Net sales	$	111,073		$	(4,990	)	$	106,083
Depreciation and amortization	10,078			(140		)	9,938
Operating income (loss)	301			(231		)	70
Capital expenditures	$	3,756		$	(45	)	$	3,711
EU Engineered Components
Net sales	$	31,569		$	—		$	31,569
Depreciation and amortization	2,056			—			2,056
Operating income (loss)	2,203			—			2,203
Capital expenditures	$	3,144		$	—		$	3,144
NA Cabinet Components
Net sales	$	52,997		$	5,633		$	58,630
Depreciation and amortization	3,135			140			3,275
Operating income (loss)	(1,058		)	231			(827		)
Capital expenditures	$	1,039		$	45		$	1,084
Unallocated Corporate & Other
Net sales	$	(543	)	$	(643	)	$	(1,186	)
Depreciation and amortization	137			—			137
Operating income (loss)	(5,287		)	—			(5,287		)
Capital expenditures	$	202		$	—		$	202

Changes in the Carrying Amount of Goodwill

The change in the carrying amount of goodwill for the three months ended January 31, 2018 was as follows:



	Three Months Ended
	January 31, 2018
	(In thousands)
Beginning balance as of November 1, 2017	$	222,194
Foreign currency translation adjustment	4,733
Balance as of the end of the period	$	226,927

The following table summarizes the change in the carrying amount of goodwill by segment for the three months ended January 31, 2018 (in thousands):



	NA Eng. Comp.		EU Eng. Comp.		NA Cabinet Comp.		Unallocated Corp. & Other		Total
Balance as of October 31, 2017	$	38,712	$	69,735	$	113,747	$	—	$	222,194
Foreign currency translation adjustment	—		4,733		—		—		4,733
Balance as of January 31, 2018	$	38,712	$	74,468	$	113,747	$	—	$	226,927

Schedule of Product Sales



	Three Months Ended
	January 31,
	2018			2017
	(In thousands)
NA Engineered Components:
United States - fenestration	$	88,216		$	89,711
International - fenestration	7,008			6,341
United States - non-fenestration	4,147			5,831
International - non-fenestration	3,356			4,200
	$	102,727		$	106,083
EU Engineered Components:
United States - fenestration	$	—		$	35
International - fenestration	29,869			28,905
International - non-fenestration	4,127			2,629
	$	33,996		$	31,569
NA Cabinet Components:
United States - fenestration	$	3,445		$	3,332
United States - non-fenestration	52,006			54,691
International - non-fenestration	471			607
	$	55,922		$	58,630
Unallocated Corporate & Other
Eliminations	$	(979	)	$	(1,186	)
	$	(979	)	$	(1,186	)
Net sales	$	191,666		$	195,096

Earnings Per Share Earnings Per Share (Tables)

3 Months Ended

Jan. 31, 2018

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Basic and diluted earnings per share for the three-month period ended January 31, 2018 was calculated as follows (in thousands, except per share data):



	Three Months Ended January 31, 2018
	Net Income		Weighted Average Shares	Per Share
Basic earnings per common share	$	4,947	34,662	$	0.14
Effect of dilutive securities:
Stock options	—		442
Restricted stock awards	—		154
Performance shares	—		28
Diluted earnings per common share	$	4,947	35,286	$	0.14

Nature of Operations and Basis of Presentation (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	$ 0.4	$ 1.1
Restructuring and Related Cost, Accelerated Depreciation		1.6
Additional Amortization, Restructuring		$ 0.9

Acquisitions (Detail) - USD ($) $ in Millions			3 Months Ended
Acquisitions (Detail) - USD ($) $ in Millions	Oct. 31, 2017	Nov. 07, 2016	Jan. 31, 2018	Jan. 31, 2017
Business Acquisition [Line Items]
Earn-out Period Compensation Expense		$ 8.5
Earn Out Foreign Currency Impact		$ (0.1)
HLP Acquisition
Business Acquisition [Line Items]
Costs and Expenses, Related Party			$ 0.6	$ 0.3
Manufacturing Facility [Member] \| HLP Acquisition
Business Acquisition [Line Items]
Lessee Leasing Arrangements, Operating Leases, Term of Contract			20 years
Warehouse [Member] \| HLP Acquisition
Business Acquisition [Line Items]
Lessee Leasing Arrangements, Operating Leases, Term of Contract			15 years
Mixing Plant [Member] \| HLP Acquisition
Business Acquisition [Line Items]
Lessee Leasing Arrangements, Operating Leases, Term of Contract			13 years 6 months
HLP 2017 Capital Lease [Member] \| HLP Acquisition
Business Acquisition [Line Items]
Lessee Leasing Arrangements, Operating Leases, Term of Contract			20 years
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] \| Shawano Manufacturing Plant [Member]
Business Acquisition [Line Items]
Proceeds from Divestiture of Businesses	$ 0.6
Disposal Group, Including Discontinued Operation, Consideration	$ 1.2
Disposal Group, Including Discontinued Operations, Receivable Payment Term	5 years
Disposal Group, Including Discontinued Operations, Receivable Annual Payment Percentage of Gross Sales	3.00%
Transitional Services Receivable	$ 0.2
working capital adjustment	0.1
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] \| Maximum [Member] \| Shawano Manufacturing Plant [Member]
Business Acquisition [Line Items]
Disposal Group, Including Discontinued Operation, Consideration	$ 1.6

Inventories (Detail) - USD ($) $ in Thousands	Jan. 31, 2018	Oct. 31, 2017
Inventory, Raw Materials and Supplies, Net of Reserves [Abstract]
Raw materials	$ 52,507	$ 50,472
Finished goods and work in process	46,438	40,087
Supplies and other	3,467	2,655
Total	102,412	93,214
Less: Inventory reserves	6,569	5,685
Inventories, net	95,843	87,529
Inventory, Net [Abstract]
LIFO	4,564	4,444
FIFO	91,279	83,085
Inventories, net	95,843	$ 87,529
Excess of replacement cost over LIFO value	$ 1,100

Goodwill and Intangible Assets - Goodwill (Details) $ in Thousands	3 Months Ended
	Jan. 31, 2018 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 222,194
Foreign currency translation adjustment	4,733
Balance as of the end of the period	$ 226,927

Goodwill and Intangible Assets - Identifiable Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Oct. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Amortization		$ 900
Gross carrying amount	$ 300
Accumulated amortization	98,451		$ 94,134
Finite-Lived Intangible Assets, Gross	237,194		233,912
Intangible assets amortization expense	4,100	$ 5,400
Estimated Amortization Expense
2018 (remaining nine months)	12,219
2016	15,587
2017	14,530
2018	12,809
2019	12,185
Thereafter	71,413
Total	138,743		139,778
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	51,625		48,479
Finite-Lived Intangible Assets, Gross	157,954		155,230
Trademarks and trade names
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	30,533		29,509
Finite-Lived Intangible Assets, Gross	56,894		56,058
Patents And Other Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	16,293		16,146
Finite-Lived Intangible Assets, Gross	$ 22,346		$ 22,624

Debt and Capital Lease Obligations (Detail) - USD ($)		3 Months Ended
Debt and Capital Lease Obligations (Detail) - USD ($)	Jul. 31, 2016	Jan. 31, 2018	Jan. 31, 2017	Oct. 31, 2017	Jul. 29, 2016
Debt Disclosure [Line Items]
Borrowings under credit facility		$ 9,500,000	$ 24,000,000
Document Period End Date		Jan. 31, 2018
City of Richmond, Kentucky Industrial Building Revenue Bonds		$ 19,600,000
Deferred Finance Costs, Own-share Lending Arrangement, Issuance Costs, Net		(1,949,000)		$ (2,088,000)
Total debt		236,135,000		239,426,000
Less: Current maturities of long-term debt		20,773,000		21,242,000
Long-term Debt		$ 215,362,000		218,184,000
Debt Instrument, Interest Rate During Period		3.40%	2.65%
Interest Expense, Lessee, Assets under Capital Lease		$ 0.0357
Capital Lease Gross Fair Value		16,600,000
Repayments of Lines of Credit		13,750,000	$ 20,875,000
Capital Leases in Property Plant and Equipment		19,300,000
Capital leases in accumulated depreciation		3,400,000
Debt Instrument, Unamortized Discount (Premium), Net		1,900,000
Other assets		9,180,000		8,975,000
Debt Disclosure [Abstract]
Credit Facility, amount available		211,200,000
Letters of credit, outstanding		5,300,000
Term Loan Facility, net of unamortized discount [Member]
Debt Disclosure [Line Items]
Revolving Credit Facility		$ 135,000,000
Term Loan Facility [Member]
Debt Disclosure [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		3.57%
Revolving Credit Facility				138,750,000
Line of Credit [Member]
Debt Disclosure [Line Items]
Debt Instrument, Limitation on Annual Dividend	$ 10,000,000
Capital Lease Obligations
Debt Disclosure [Line Items]
Capital lease obligations and other		$ 19,584,000		18,764,000
Revolving Credit Facility [Member]
Debt Disclosure [Line Items]
Revolving Credit Facility		83,500,000		$ 84,000,000
Line of Credit Facility, Lender [Domain]
Debt Disclosure [Line Items]
Revolving Credit Facility		218,500,000
HLP 2017 Capital Lease [Member]
Debt Disclosure [Line Items]
Capital Lease Obligations Incurred, in GBP		17,800,000
Capital Lease Obligations Incurred		25,300,000
HLP [Member]
Debt Disclosure [Line Items]
Capital lease obligations and other		19,600,000
Capital Lease Obligation, Current Portion		900,000
Capital Lease Obligations, Current		1,800,000
Capital Leases in Property Plant and Equipment		12,800,000
Capital leases in accumulated depreciation		900,000
Capital Lease Obligations, Noncurrent		$ 17,800,000
HLP [Member] \| Capital lease obligations
Debt Disclosure [Line Items]
Average interest rate		3.60%
Revolving Credit Facility [Member] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity, Committed Amount					$ 300,000,000.0
Term Loan Facility [Member] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity, Committed Amount					150,000,000.0
Line of Credit Facility, Lender [Domain] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity, Committed Amount					$ 450,000,000.0
Debt Instrument, Debt Default, Interest Accrual Rate		2.00%
Debt, Current		$ 15,000,000
Minimum Leverage Ratio		225.00%
Debt Instrument, Maximum Fixed Charge Coverage Ratio		1.10%
London Interbank Offered Rate (LIBOR) [Member] \| Line of Credit Facility, Lender [Domain] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	2.00%
Closing Date through January 30 2017 [Member] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Debt Instrument, Required Leverage Ratio		0.035
Less Than One and One Half Leverage Ratio [Member] \| Line of Credit Facility, Lender [Domain] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Commitment Fee Percentage		0.20%
Less Than One and One Half Leverage Ratio [Member] \| Base Rate [Member] \| Line of Credit Facility, Lender [Domain] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Debt Instrument, Basis Spread on Variable Rate		0.50%
Less Than One and One Half Leverage Ratio [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Line of Credit Facility, Lender [Domain] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.50%
Between One and One Half and Two and One Quarter Leverage Ratio [Member] \| Line of Credit Facility, Lender [Domain] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Commitment Fee Percentage		0.225%
Between One and One Half and Two and One Quarter Leverage Ratio [Member] \| Base Rate [Member] \| Line of Credit Facility, Lender [Domain] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Debt Instrument, Basis Spread on Variable Rate		0.75%
Between One and One Half and Two and One Quarter Leverage Ratio [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Line of Credit Facility, Lender [Domain] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.75%
Between Two and One Quarter and Three Leverage Ratio [Member] \| Line of Credit Facility, Lender [Domain] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Commitment Fee Percentage		0.25%
Between Two and One Quarter and Three Leverage Ratio [Member] \| Base Rate [Member] \| Line of Credit Facility, Lender [Domain] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.00%
Between Two and One Quarter and Three Leverage Ratio [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Line of Credit Facility, Lender [Domain] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.00%
Greater Than Three Leverage Ratio [Member] \| Line of Credit Facility, Lender [Domain] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Commitment Fee Percentage		0.30%
Greater Than Three Leverage Ratio [Member] \| Base Rate [Member] \| Line of Credit Facility, Lender [Domain] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.25%
Greater Than Three Leverage Ratio [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Line of Credit Facility, Lender [Domain] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.25%
January 31 2017 through January 30 2018 [Member] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Debt Instrument, Required Leverage Ratio		0.0325
January 31 2018 and thereafter [Member] \| Line of Credit [Member]
Debt Disclosure [Line Items]
Debt Instrument, Required Leverage Ratio		0.03

Retirement Plans (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
Retirement Plans (Detail) - USD ($) $ in Thousands	Jan. 31, 2018	Jan. 31, 2017	Oct. 31, 2015	Oct. 31, 2017
Compensation and Retirement Disclosure [Abstract]
Defined benefit plan, contributions by employer			$ 3,600
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year	$ 3,600
Supplemental benefit plan liability	3,600			$ 3,400
Deferred compensation liability	4,000			$ 4,000
Net periodic benefit cost:
Service cost	949	$ 926
Interest cost	215	212
Expected return on plan assets	(466)	(457)
Amortization of net loss	144	143
Net periodic benefit cost	$ 842	$ 824

Warranty Obligations (Detail) - USD ($) $ in Thousands	3 Months Ended
Warranty Obligations (Detail) - USD ($) $ in Thousands	Jan. 31, 2018	Jan. 31, 2018
Movement in Standard Product Warranty Accrual [Roll Forward]
Accrued warranty at beginning of period	$ 323
Provision for warranty expense	20
Warranty costs paid	(4)
Accrued warranty at end of period	339
Total accrued warranty	$ 323	$ 339
Less: Current portion of accrued warranty		153
Long-term portion of accrued warranty		$ 186

Income Taxes (Detail) - USD ($) $ in Millions	3 Months Ended
Income Taxes (Detail) - USD ($) $ in Millions	Jan. 31, 2018	Jan. 31, 2017
Income Tax Disclosure
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	23.30%	35.00%
Estimated annual effective tax rate (benefit) expense	(24.00%)	(30.20%)
Remeasurement of Deferred Taxes, Impact of Tax Reform	$ 7.7
Liability for uncertain tax positions	0.6
Valuation allowance	$ 1.3
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent	2.50%	1.70%
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent	(1.00%)	(6.00%)
Effective Income Tax Rate Reconciliation, Tax Credit, Percent	(0.00%)	(0.40%)
Effective Income Tax Rate Reconciliation, Other Permanent Differences	(0.80%)	(0.10%)
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Percent	297.40%	0.00%
Effective Income Tax Rate Reconciliation, Stock Based Compensation	(4.20%)	0.00%
Effective Income Tax Rate Reconciliation, Deemed Repatriation	(46.90%)	0.00%
Effective Income Tax Rate Reconciliation,Other Reconciling Items, Percent	10.60%	0.00%
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent	289.30%	30.20%
True Up of Accrued Taxes, Impact of Tax Reform	$ 0.3
Excess Tax Benefits, Impact of Tax Reform	0.1
Deemed Repatriation, Impact of Tax Reform	$ 1.2

Contingencies (Details) - USD ($) $ in Thousands	3 Months Ended
Contingencies (Details) - USD ($) $ in Thousands	Jan. 31, 2018	Oct. 31, 2017
Other Commitments [Line Items]
Net claim payments	$ 4
Loss Contingency, Receivable, Proceeds	500
Spacer Migration
Other Commitments [Line Items]
Spacer specific product warranty accrual	1,400	$ 1,300
Net claim payments	500
Product Warranty Accrual, Period Increase (Decrease)	$ 500

Derivative Instruments (Detail) € in Thousands, £ in Thousands, $ in Thousands	3 Months Ended
	Jan. 31, 2018 USD ($)	Jan. 31, 2017 USD ($)	Jan. 31, 2018 EUR (€)	Jan. 31, 2018 GBP (£)	Oct. 31, 2017 USD ($)	Oct. 31, 2017 EUR (€)	Oct. 31, 2017 GBP (£)
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency derivatives	$ (55)	$ 144
Other, Net
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency derivatives	(55)	$ 144
Sell EUR, buy USD
Derivatives, Fair Value [Line Items]
Derivatives, notional amount	104				$ 1,271
Foreign currency derivatives, fair value	(1)				24
Sell CAD, buy USD
Derivatives, Fair Value [Line Items]
Derivatives, notional amount	231				320
Foreign currency derivatives, fair value	0				1
Sell GBP, buy USD
Derivatives, Fair Value [Line Items]
Derivatives, notional amount \| £				£ 47			£ 75
Foreign currency derivatives, fair value	0				0
Buy EUR, sell GBP
Derivatives, Fair Value [Line Items]
Derivatives, notional amount \| €			€ 36			€ 30
Foreign currency derivatives, fair value	0				(1)
Buy USD, Sell EUR [Member]
Derivatives, Fair Value [Line Items]
Derivatives, notional amount	1				0
Foreign currency derivatives, fair value	0				0
Buy GBP, Sell EUR [Member]
Derivatives, Fair Value [Line Items]
Derivatives, notional amount	1				0
Foreign currency derivatives, fair value	0				0
Prepaid and Other Current Assets
Derivatives [Line Items]
Foreign currency derivatives, asset					$ 0
Accrued Liabilities
Derivatives [Line Items]
Foreign currency derivatives, asset	0
Foreign currency derivatives, liability	$ (100)

Fair Value Measurement of Assets and Liabilities (Details) - USD ($) $ in Millions	Nov. 07, 2016	Jan. 31, 2018	Oct. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Earn Out Foreign Currency Impact	$ (0.1)
Property, plant and equipment at fair value (non-recurring)		$ 2.4	$ 2.4
Debt Instrument, Unamortized Discount (Premium), Net		1.9
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency derivatives, asset			0.1
Foreign currency derivatives, liability		$ 0.1	$ 0.1

Stock Based Compensation (Detail)	3 Months Ended
Stock Based Compensation (Detail)	Jan. 31, 2018 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Document Period End Date	Jan. 31, 2018
Number of shares authorized, originally	7,650,000

Stock-Based Compensation - Restricted Stock Awards (Details) - Restricted Stock Awards (RSAs) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Number of Shares
Non-vested at beginning of the period (in shares)	284,300
Granted (in shares)	73,400
Vested (in shares)	(61,800)
Non-vested at end of the period (in shares)	295,900
Weighted Average Grant Date Fair Value per Share
Non-vested at beginning of the period (in usd per share)	$ 19.66
Granted (in usd per share)	20.70
Vested (in usd per share)	20.28
Non-vested at end of the period (in usd per share)	$ 19.79
Vesting period	3 years
Fair value of restricted stock awards vested	$ 1.3	$ 1.2
Unrecognized compensation cost - non vested restricted stock awards	$ 3.1
Weighted-average period over which unrecognized cost is expected to be recognized	2 years 1 month 6 days

Stock-Based Compensation - Stock Options (Details) - USD ($)	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Fair Value Assumptions [Abstract]
Weighted-average expected volatility		34.70%
Weighted-average expected term (in years)		5 years 8 months 12 days
Risk-free interest rate		2.00%
Expected dividend yield over expected term		1.00%
Weighted average grant date fair value		$ 6.25
Stock Options, [Roll Forward]
Outstanding at beginning of period (in shares)	2,152,758
Granted (in shares)	0
Exercised (in shares)	(176,947)
Forfeited/Expired (in shares)	0
Outstanding at end of period (in shares)	1,975,811
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	1,975,811
Exercisable at end of period (in shares)	1,691,433
Weighted Average Exercise Price
Outstanding at beginning of period (in usd per share)	$ 17.44
Granted (in usd per share)	0.00
Exercised (in usd per share)	12.61
Forfeited/Expired (in usd per share)	0.00
Outstanding at end of period (in usd per share)	17.88
Vested or expected to vest at end of period (in usd per share)	17.88
Exercisable at end of period (in usd per share)	$ 17.62
Weighted Average Remaining Contractual Life
Outstanding at end of period	5 years 2 months 12 days
Vested or expected to vest at end of period	5 years 2 months 12 days
Exercisable at end of period	4 years 8 months 12 days
Aggregate Intrinsic Value
Outstanding at end of period	$ 5,692,000
Vested or expected to vest at end of period	5,692,000
Exercisable at end of period	$ 5,316,000
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Total intrinsic value of options exercised	$ 1,900,000.0	$ 500,000.0
Fair value of stock options vested	1,500,000	$ 1,800,000
Unrecognized compensation cost - non vested stock options	$ 600,000
Weighted-average period over which unrecognized cost is expected to be recognized	1 year 6 months

Stock-Based Compensation - Restricted Stock Units (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash used to settle restricted stock units		$ 0.0
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	18,050	24,560
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 21.85	$ 15.65
Vesting period	3 years
Number of Shares
Non-vested at end of the period (in shares)	0

Stock-Based Compensation - Performance Share Awards (Details) - USD ($)					3 Months Ended
	Dec. 07, 2017	Nov. 30, 2016	Jan. 25, 2016	Dec. 02, 2015	Jan. 31, 2018	Jan. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
2013 Performance Shares Vested					123,600
2013 Performance Shares Issued					25,340
2013 Performance Share Cash Payment					$ 600,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number					1,975,811
Earnings Per Share, Basic and Diluted	$ 20.70	$ 19.45	$ 17.46	$ 19.31
Relative Total Share Return	$ 21.81	$ 26.61	$ 26.65	$ 23.72
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance shares vesting percentage maximum					0.00%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance shares vesting percentage maximum					200.00%
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					3 years
Performance shares settled in cash					50.00%
Performance shares settled in stock					50.00%
Performance shares granted	146,500	186,500	4,300	158,100
Performance shares forfeited	0	2,400	0	11,100
Performance shares compensation expense					$ 600,000	$ 1,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number					55,125
Dilutive Securities, Effect on Basic Earnings Per Share					$ 27,563	$ 62,650

Stock-Based Compensation - Treasury Shares (Details) $ in Millions	3 Months Ended
	Jan. 31, 2018 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Document Period End Date	Jan. 31, 2018
Deficiency of stock option proceeds recorded to retained earnings \| $	$ 0.9
Treasury Stock [Abstract]
Beginning balance as of November 1, 2017	2,670,743
Balance at January 31, 2018	2,395,056
Restricted Stock Awards (RSAs)
Treasury Stock [Abstract]
Restricted stock awards granted	(73,400)
Performance Shares
Treasury Stock [Abstract]
Restricted stock awards granted	(25,340)
Stock Options
Treasury Stock [Abstract]
Shares, Issued	(176,947)

Other Income (Expense) (Detail) - USD ($) $ in Thousands	3 Months Ended
Other Income (Expense) (Detail) - USD ($) $ in Thousands	Jan. 31, 2018	Jan. 31, 2017
Other Income and Expenses [Abstract]
Foreign currency transaction gains	$ 354	$ 486
Foreign currency derivative (losses) gains	(55)	144
Interest income	15	27
Other	3	4
Other, net	$ 317	$ 661

Segment Information (Details) $ in Millions	3 Months Ended
Segment Information (Details) $ in Millions	Jan. 31, 2018 USD ($) segment	Jan. 31, 2017 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments	3
Allocated corporate general and administrative expense \| $	$ 5.1	$ 4.4
Operating Segments \| NA Engineered Components
Segment Reporting Information [Line Items]
Number of operating segments	4

Segment Information - Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017	Oct. 31, 2017
Segment Reporting Information [Line Items]
General and Administrative Expense	$ 5,100	$ 4,400
Net sales	191,666	195,096
Depreciation and amortization	13,273	15,406
Operating income (loss)	(489)	(3,841)
Capital expenditures	7,811	8,141
Total assets	767,034		$ 773,879
Operating Segments \| NA Engineered Components
Segment Reporting Information [Line Items]
Net sales	102,727	106,083
Depreciation and amortization	7,012	9,938
Operating income (loss)	1,611	70
Capital expenditures	3,897	3,711
Total assets	246,021		258,315
Operating Segments \| NA Engineered Components \| Scenario, Previously Reported [Member]
Segment Reporting Information [Line Items]
Net sales		111,073
Depreciation and amortization		10,078
Operating income (loss)		301
Capital expenditures		3,756
Operating Segments \| NA Engineered Components \| Scenario, Adjustment [Member]
Segment Reporting Information [Line Items]
Net sales		(4,990)
Depreciation and amortization		(140)
Operating income (loss)		(231)
Capital expenditures		(45)
Operating Segments \| NA Engineered Components \| Scenario, Actual [Member]
Segment Reporting Information [Line Items]
Net sales		106,083
Depreciation and amortization		9,938
Operating income (loss)		70
Capital expenditures		3,711
Operating Segments \| EU Engineered Components
Segment Reporting Information [Line Items]
Net sales	33,996	31,569
Depreciation and amortization	2,449	2,056
Operating income (loss)	1,264	2,203
Capital expenditures	2,408	3,144
Total assets	229,510		219,622
Operating Segments \| EU Engineered Components \| Scenario, Previously Reported [Member]
Segment Reporting Information [Line Items]
Net sales		31,569
Depreciation and amortization		2,056
Operating income (loss)		2,203
Capital expenditures		3,144
Operating Segments \| EU Engineered Components \| Scenario, Adjustment [Member]
Segment Reporting Information [Line Items]
Net sales		0
Depreciation and amortization		0
Operating income (loss)		0
Capital expenditures		0
Operating Segments \| EU Engineered Components \| Scenario, Actual [Member]
Segment Reporting Information [Line Items]
Net sales		31,569
Depreciation and amortization		2,056
Operating income (loss)		2,203
Capital expenditures		3,144
Operating Segments \| NA Cabinet Components
Segment Reporting Information [Line Items]
Net sales	55,922	58,630
Depreciation and amortization	3,686	3,275
Operating income (loss)	(2,877)	(827)
Capital expenditures	1,458	1,084
Total assets	284,132		285,457
Operating Segments \| NA Cabinet Components \| Scenario, Previously Reported [Member]
Segment Reporting Information [Line Items]
Net sales		52,997
Depreciation and amortization		3,135
Operating income (loss)		(1,058)
Capital expenditures		1,039
Operating Segments \| NA Cabinet Components \| Scenario, Adjustment [Member]
Segment Reporting Information [Line Items]
Net sales		5,633
Depreciation and amortization		140
Operating income (loss)		231
Capital expenditures		45
Operating Segments \| NA Cabinet Components \| Scenario, Actual [Member]
Segment Reporting Information [Line Items]
Net sales		58,630
Depreciation and amortization		3,275
Operating income (loss)		(827)
Capital expenditures		1,084
Corporate Non-Segment
Segment Reporting Information [Line Items]
Net sales	(979)	(1,186)
Depreciation and amortization	126	137
Operating income (loss)	(487)	(5,287)
Capital expenditures	48	202
Total assets	$ 7,371		$ 10,485
Corporate Non-Segment \| Scenario, Previously Reported [Member]
Segment Reporting Information [Line Items]
Net sales		(543)
Depreciation and amortization		137
Operating income (loss)		(5,287)
Capital expenditures		202
Corporate Non-Segment \| Scenario, Adjustment [Member]
Segment Reporting Information [Line Items]
Net sales		(643)
Depreciation and amortization		0
Operating income (loss)		0
Capital expenditures		0
Corporate Non-Segment \| Scenario, Actual [Member]
Segment Reporting Information [Line Items]
Net sales		(1,186)
Depreciation and amortization		137
Operating income (loss)		(5,287)
Capital expenditures		$ 202

Segment Information - Goodwill by Segment (Details) $ in Thousands	3 Months Ended
	Jan. 31, 2018 USD ($)
Goodwill [Line Items]
Beginning balance	$ 222,194
Foreign currency translation adjustment	4,733
Balance as of the end of the period	226,927
Operating Segments \| NA Engineered Components
Goodwill [Line Items]
Beginning balance	38,712
Foreign currency translation adjustment	0
Balance as of the end of the period	38,712
Operating Segments \| EU Engineered Components
Goodwill [Line Items]
Beginning balance	69,735
Balance as of the end of the period	74,468
Operating Segments \| NA Cabinet Components
Goodwill [Line Items]
Beginning balance	113,747
Foreign currency translation adjustment	0
Balance as of the end of the period	113,747
Corporate Non-Segment
Goodwill [Line Items]
Beginning balance	0
Foreign currency translation adjustment	0
Balance as of the end of the period	$ 0

Segment Information - Reconcilliation of Operating Loss to Net Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Segment Reporting [Abstract]
Operating loss	$ (489)	$ (3,841)
Interest expense	(2,441)	(2,160)
Other, net	317	661
Income tax benefit	7,560	1,614
(Loss) income from continuing operations	$ 4,947	$ (3,726)

Segment Information - Summary of Product Sales (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
Product Information [Line Items]
Total sales	$ 191,666	$ 195,096
Operating Segments
Product Information [Line Items]
Total sales	(979)	(1,186)
Operating Segments \| NA Engineered Components
Product Information [Line Items]
Total sales	102,727	106,083
Operating Segments \| NA Engineered Components \| United States \| Fenestration
Product Information [Line Items]
Total sales	88,216	89,711
Operating Segments \| NA Engineered Components \| United States \| Non-fenestration
Product Information [Line Items]
Total sales	4,147	5,831
Operating Segments \| NA Engineered Components \| International \| Fenestration
Product Information [Line Items]
Total sales	7,008	6,341
Operating Segments \| NA Engineered Components \| International \| Non-fenestration
Product Information [Line Items]
Total sales	3,356	4,200
Operating Segments \| EU Engineered Components
Product Information [Line Items]
Total sales	33,996	31,569
Operating Segments \| EU Engineered Components \| United States \| Fenestration
Product Information [Line Items]
Total sales	0	35
Operating Segments \| EU Engineered Components \| United States \| Non-fenestration
Product Information [Line Items]
Total sales		2,629
Operating Segments \| EU Engineered Components \| International \| Fenestration
Product Information [Line Items]
Total sales	29,869	28,905
Operating Segments \| EU Engineered Components \| International \| Non-fenestration
Product Information [Line Items]
Total sales	4,127
Operating Segments \| NA Cabinet Components
Product Information [Line Items]
Total sales	55,922	58,630
Operating Segments \| NA Cabinet Components \| United States \| Fenestration
Product Information [Line Items]
Total sales	3,445	3,332
Operating Segments \| NA Cabinet Components \| United States \| Non-fenestration
Product Information [Line Items]
Total sales	52,006	54,691
Operating Segments \| NA Cabinet Components \| International \| Non-fenestration
Product Information [Line Items]
Total sales	471	607
Corporate Non-Segment
Product Information [Line Items]
Total sales	$ (979)	$ (1,186)

Earnings Per Share (Detail) - USD ($)	3 Months Ended
Earnings Per Share (Detail) - USD ($)	Jan. 31, 2018	Jan. 31, 2017
Earnings Per Share Disclosure [Line Items]
Loss from continuing operations	$ 4,947,000	$ (3,726,000)
Basic (in shares)	34,662,000	34,055,000
Earnings Per Share, Basic	$ (0.14)	$ 0.11
Antidilutive securities (in shares)	108,267	1,033,246
Diluted (in shares)	35,286,000	34,055,000
Earnings Per Share, Diluted	$ 0.14	$ (0.11)
Performance Shares
Earnings Per Share Disclosure [Line Items]
Potentially dilutive securities (in shares)	$ 27,563	$ 62,650
Common Stock
Earnings Per Share Disclosure [Line Items]
Weighted Average Number Diluted Shares Outstanding Adjustment		420,603
Performance Shares
Earnings Per Share Disclosure [Line Items]
Weighted Average Number Diluted Shares Outstanding Adjustment	28,000
Restricted Stock Awards (RSAs)
Earnings Per Share Disclosure [Line Items]
Weighted Average Number Diluted Shares Outstanding Adjustment	154,000	121,857
Stock Options
Earnings Per Share Disclosure [Line Items]
Weighted Average Number Diluted Shares Outstanding Adjustment	442,000

New Accounting Guidance Adopted (Details) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2018	Jan. 31, 2017
New Accounting Pronouncement, Early Adoption [Line Items]
Excess Tax Benefits Impact to Cash Flow	$ 0.1
Payments Related to Tax Withholding for Share-based Compensation		$ (1.0)