View Filing Data

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Oct. 31, 2018	Dec. 07, 2018	Apr. 30, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	Quanex Building Products Corporation
Entity Central Index Key	0001423221
Trading Symbol	NX
Current Fiscal Year End Date	--10-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Oct. 31, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		33,500,953
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 593,689,919

Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2018	Oct. 31, 2017
Current assets:
Cash and cash equivalents	$ 29,003	$ 17,455
Accounts receivable, net of allowance for doubtful accounts of $251 and $673	84,014	79,411
Inventories, net	69,365	87,529
Prepaid and other current assets	7,296	7,406
Total current assets	189,678	191,801
Property, plant and equipment, net of accumulated depreciation of $245,128 and $217,512	201,370	211,131
Goodwill	219,627	222,194
Intangible assets, net	121,919	139,778
Other assets	9,255	8,975
Total assets	741,849	773,879
Current liabilities:
Accounts payable	52,389	44,150
Accrued liabilities	45,968	38,871
Income taxes payable	2,780	2,192
Current maturities of long-term debt	1,224	21,242
Total current liabilities	102,361	106,455
Long-term debt	209,332	218,184
Deferred pension and postretirement benefits	4,218	4,433
Deferred income taxes	17,215	21,960
Liability for uncertain tax positions	606	591
Other liabilities	13,965	15,409
Total liabilities	347,697	367,032
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 37,433,817 and 37,508,877 respectively; outstanding 33,339,032 and 34,838,134, respectively	374	375
Additional paid-in-capital	254,678	255,719
Retained earnings	242,834	225,704
Accumulated other comprehensive loss	(30,705)	(25,076)
Less: Treasury stock at cost, 4,094,785 and 2,670,743 shares, respectively	(73,029)	(49,875)
Total stockholders’ equity	394,152	406,847
Total liabilities and stockholders' equity	$ 741,849	$ 773,879

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 31, 2018	Oct. 31, 2017
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 325	$ 333
Accumulated Depreciation of property assets	$ 288,607	$ 264,047
Preferred stock, par value	$ 0.00	$ 0.00
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	$ 0.01	$ 0.01
Common stock, shares authorized	125,000,000	125,000,000
Common stock, shares issued	37,433,817	37,508,877
Common stock, shares outstanding	33,339,032	34,838,134
Treasury stock at cost (shares)	4,094,785	2,670,743

Consolidated Statements of Income (Loss) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016
Income Statement [Abstract]
Net sales	$ 889,785	$ 866,555	$ 928,184
Cost and expenses:
Cost of sales (excluding depreciation and amortization)	696,567	672,162	710,644
Selling, general and administrative	103,535	97,981	114,910
Restructuring charges	1,486	4,550	529
Depreciation and amortization	51,822	57,495	53,146
Asset impairment charges	0	0	12,602
Operating income	36,375	34,367	36,353
Non-operating (expense) income:
Interest expense	(11,100)	(9,595)	(36,498)
Other, net	178	730	(5,479)
Income (loss) from continuing operations before income taxes	25,453	25,502	(5,624)
Income tax benefit (expense)	875	(6,819)	3,765
Net income	$ 26,328	$ 18,683	$ (1,859)
Earnings Per Share [Abstract]
Basic earnings (loss) per common share	$ 0.76	$ 0.55	$ (0.05)
Diluted earnings (loss) per common share	$ 0.75	$ 0.54	$ (0.05)
Weighted-average common shares outstanding:
Basic (in shares)	34,701	34,230	33,876
Diluted (in shares)	35,025	34,837	33,876
Cash dividends paid per common share (usd per share)	$ 0.20	$ 0.16	$ 0.16

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 26,328	$ 18,683	$ (1,859)
Foreign currency translation adjustments (loss) gain	(6,640)	11,524	(26,838)
Change in pension from net unamortized gain (loss) (pretax)	2,253	3,462	(2,864)
Change in pension from net unamortized gain (loss) tax (expense) benefit	(1,242)	(1,297)	986
Total other comprehensive (loss) income, net of tax	(5,629)	13,689	(28,716)
Comprehensive income (loss)	$ 20,699	$ 32,372	$ (30,575)

Consolidated Statement of Stockholders' Equity - USD ($)	Total	Common Stock Shares	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock Shares	Treasury Stock
Common stock, shares at Oct. 31, 2015		37,609,563
Stockholders' equity, value at Oct. 31, 2015	$ 395,295,000		$ 376,000	$ 250,937,000	$ 222,138,000	$ (10,049,000)		$ (68,107,000)
Treasury shares (in shares) at Oct. 31, 2015							(3,647,103)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(1,859,000)				(1,859,000)
Foreign currency translation adjustment (net of taxes)	(26,838,000)					(26,838,000)
Change in pension from net unamortized gain	(1,878,000)					(1,878,000)
Common dividends ($0.16 per share)	(5,470,000)				(5,470,000)
Stock-based compensation activity:
Expense related to stock-based compensation	6,089,000			6,089,000
Stock options exercised	$ 3,400,000			(106,000)	(637,000)			4,143,000
Stock options exercised (in shares)	221,850						221,850
Tax benefit from share-based compensation	$ (146,000)			(146,000)
Restricted stock awards granted	0			(1,591,000)	(6,000)			1,597,000
Restricted stock awards granted (in shares)		0					85,500
Other (in shares)		(49,314)
Other	(762,000)		0	(643,000)	(119,000)	0
Common stock, shares at Oct. 31, 2016		37,560,249.000
Stockholders' equity, value at Oct. 31, 2016	367,831,000		376,000	254,540,000	214,047,000	(38,765,000)		(62,367,000)
Treasury shares (in shares) at Oct. 31, 2016							(3,339,753)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	18,683,000				18,683,000
Foreign currency translation adjustment (net of taxes)	11,524,000					11,524,000
Change in pension from net unamortized gain	2,165,000					2,165,000
Common dividends ($0.16 per share)	(5,516,000)				(5,516,000)
Stock-based compensation activity:
Expense related to stock-based compensation	5,189,000			5,189,000
Stock options exercised	7,953,000			(76,000)	(1,451,000)			9,480,000
Deficiency of stock option proceeds recorded to retained earnings	$ 1,500,000
Stock options exercised (in shares)	507,660						507,660
Tax benefit from share-based compensation	$ (4,000)			(4,000)
Restricted stock awards granted	0			(1,752,000)	0			1,752,000
Restricted stock awards granted (in shares)		0					161,350
Stock Issued During Period, Value, Performance Shares Vested				(1,261,000)				1,261,000
Recognition of unrecognized tax benefit	10,100,000
Other (in shares)		(51,372)
Other	$ (978,000)		(1,000)	(917,000)	(59,000)			(1,000)
Common stock, shares at Oct. 31, 2017	37,508,877	37,508,877.000
Stockholders' equity, value at Oct. 31, 2017	$ 406,847,000		375,000	255,719,000	225,704,000	(25,076,000)		(49,875,000)
Treasury shares (in shares) at Oct. 31, 2017	(2,670,743)						(2,670,743)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 26,328,000				26,328,000
Foreign currency translation adjustment (net of taxes)	(6,640,000)					(6,640,000)
Change in pension from net unamortized gain	1,011,000					1,011,000
Common dividends ($0.16 per share)	$ (7,020,000)				(7,020,000)
Stock Repurchased During Period, Shares	(1,900,000)
Stock Repurchased During Period, Value	$ (32,034,000)
Stock-based compensation activity:
Expense related to stock-based compensation	1,874,000			1,874,000
Stock options exercised	4,746,000			(149,000)				7,036,000
Deficiency of stock option proceeds recorded to retained earnings	$ (2,141,000)
Stock options exercised (in shares)	377,218						377,218
Restricted stock awards granted	$ 0			(1,371,000)	0			1,371,000
Restricted stock awards granted (in shares)		0					73,400
Performance share awards vested							$ 25,340
Stock Issued During Period, Value, Performance Shares Vested				(473,000)				473,000
Other (in shares)		(75,060)
Other	$ (960,000)		(1,000)	(922,000)	(37,000)	0		0
Common stock, shares at Oct. 31, 2018	37,433,817	37,433,817
Stockholders' equity, value at Oct. 31, 2018	$ 394,152,000		$ 374,000	$ 254,678,000	$ 242,834,000	$ (30,705,000)		$ (73,029,000)
Treasury shares (in shares) at Oct. 31, 2018	(4,094,785)						(4,094,785)

Consolidated Statement of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Jan. 31, 2018	Oct. 31, 2017	Jul. 31, 2017	Apr. 30, 2017	Jan. 31, 2017	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016
Statement of Stockholders' Equity [Abstract]
Cash dividends paid per common share (usd per share)	$ 0.08	$ 0.04	$ 0.04	$ 0.04	$ 0.04	$ 0.04	$ 0.04	$ 0.04	$ 0.20	$ 0.16	$ 0.16
Change in pension from net unamortized gain (loss) tax (expense) benefit									$ 1,242	$ 1,297	$ (986)

Consolidated Statements of Cash Flow - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016
Operating activities:
Net income	$ 26,328	$ 18,683	$ (1,859)
Adjustments to reconcile net income (loss) to cash provided by operating activities:
Depreciation and amortization	51,822	57,495	53,146
(Gain) loss on disposition of capital assets	(142)	1,528	(20)
Stock-based compensation	1,874	5,189	6,089
Deferred income tax	(5,631)	(112)	(8,469)
Noncash charge for deferred loan costs and debt discount	1,064	0	16,022
Asset impairment charges	0	0	12,602
Other, net	135	1,741	339
Changes in assets and liabilities, net of effects from acquisitions:
(Increase) decrease in accounts receivable	(5,550)	5,378	796
Decrease (increase) in inventory	17,530	(3,240)	5,346
Decrease in other current assets	217	186	2,503
Increase (decrease) in accounts payable	8,325	(4,893)	(2,273)
Increase (decrease) in accrued liabilities	6,892	(7,521)	2,033
Increase (decrease) in income taxes	676	4,670	(365)
Increase (decrease) in deferred pension and postretirement benefits	2,038	(271)	588
(Decrease) increase in other long-term liabilities	(523)	1,382	956
Other, net	(444)	(437)	(93)
Cash provided by operating activities	104,611	79,778	87,341
Investing activities:
Acquisitions, net of cash acquired	0	(8,497)	(245,904)
Capital expenditures	(26,484)	(34,564)	(37,243)
Proceeds from disposition of capital assets	432	1,937	1,044
Cash used for investing activities	(26,052)	(41,124)	(282,103)
Financing activities:
Borrowings under credit facility	268,500	53,500	634,800
Repayments of credit facility borrowings	(296,250)	(98,875)	(422,875)
Debt issuance costs	(1,001)	0	(11,435)
Repayments of other long-term debt	(1,798)	(2,722)	(2,185)
Common stock dividends paid	(7,020)	(5,516)	(5,470)
Issuance of common stock	4,746	7,953	3,400
Payroll tax paid to settle shares forfeited upon vesting of stock	(960)	(976)	(787)
Purchase of treasury stock	(32,034)	0	0
Cash (used for) provided by financing activities	(65,817)	(46,636)	195,448
Effect of exchange rate changes on cash and cash equivalents	(1,194)	(89)	1,715
Increase (decrease) in cash and cash equivalents	11,548	(8,071)	2,401
Cash and cash equivalents at beginning of period	17,455	25,526	23,125
Cash and cash equivalents at end of period	$ 29,003	$ 17,455	$ 25,526

Nature of Operations and Basis of Presentation

12 Months Ended

Oct. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Nature of Operations and Basis of Presentation

1. Nature of Operations, Basis of Presentation and Significant Accounting Policies

Nature of Operations

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, including the transfer of two wood-manufacturing plants from the NA Engineered Components segment to the NA Cabinet Component segment, see Note 18, "Segment Information." We use low-cost 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.

Basis of Presentation and Principles of Consolidation

Our consolidated financial statements have been prepared by us in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). We consolidate our wholly-owned subsidiaries and eliminate intercompany sales and transactions. We have no cost or equity investments in companies that are not wholly-owned. In our opinion, these audited financial statements contain all adjustments necessary to fairly present our financial position, results of operations and cash flows for the periods presented.

Use of Estimates

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 ongoing 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. During the year ended October 31, 2017, we recorded a change in estimate related to certain assets involved in restructuring activities, as more fully described under the caption "Restructuring."

A summary of our significant accounting policies consistently applied in the preparation of the accompanying consolidated financial statements follows:

Revenue Recognition

We recognize revenue when products are shipped and when title has passed to the customer. Revenue is deemed to be realized or earned when the following criteria are met: (a) persuasive evidence that a contractual sales arrangement exists; (b) delivery has occurred; or when title passes to the buyers; (c) the price to the buyer is fixed or determinable; and (d) collection is reasonably assured. Sales allowances and customer incentives, including volume discounts or rebates, are treated as reductions to revenue and are provided for based on historical experience, current estimates or contract terms.

Cash and Cash Equivalents

Cash equivalents include all highly liquid investments with an original maturity of three months or less. Such securities with an original maturity which exceeds three months are deemed to be short-term investments. We maintain cash and cash equivalents at several financial institutions, which at times may not be federally insured or may exceed federally insured limits. We have not experienced any losses in such accounts and believe we are not exposed to any significant credit risks on such accounts.

Concentration of Credit Risk and Allowance for Doubtful Accounts

Certain of our businesses or product lines are largely dependent on a relatively few large customers. Although we believe we have an extensive customer base, the loss of one of these large customers or if such customers were to incur a prolonged period of decline in business, our financial condition and results of operations could be adversely affected. For the years ended October 31, 2018 and 2017, no customers provided more than 10% of our consolidated net sales. For the year ended October 31, 2016, one customer provided 10% of our consolidated sales.

We have established an allowance for doubtful accounts to estimate the risk of loss associated with our accounts receivable balances. Our policy for determining the allowance is based on factors that affect collectability, including: (a) historical trends of write-offs, recoveries and credit losses; (b) the credit quality of our customers; and (c) projected economic and market conditions. We believe our allowance is adequate to absorb any known or probable losses as of October 31, 2018.

Business Combinations

We apply the acquisition method of accounting for business combinations in accordance with U.S. GAAP, which requires us to make use of estimates and judgments to allocate the purchase price paid for acquisitions to the fair value of the assets and liabilities acquired. We account for contingent assets and liabilities at fair value on the acquisition date, and record changes to fair value associated with these assets and liabilities as a period cost as incurred. We use established valuation techniques and engage reputable valuation specialists to assist us with these valuations.

Inventory

We record inventory at the lower of cost or market value. Inventories are valued using the first-in first-out (FIFO) and last-in first-out (LIFO) methods, although LIFO is only used at two of our plant locations currently. We use the dollar-value link chain LIFO method, and the LIFO reserve is calculated on a consolidated basis in a single consolidated pool. The businesses that we acquire and integrate into our operations may value inventories using either the LIFO or FIFO method. Fixed costs related to excess manufacturing capacity are evaluated and expensed in the period, to insure that inventory is properly capitalized. Inventory quantities are regularly reviewed and provisions for excess or obsolete inventory are recorded primarily based on our forecast of future demand and our estimates regarding current and future market conditions. Significant unanticipated variances to our forecasts could require a change in the provision for excess or obsolete inventory, resulting in a charge to net income during the period of the change.

Long-Lived Assets

Property, Plant and Equipment and Intangible Assets with Defined Lives

We make judgments and estimates related to the carrying value of property, plant and equipment, intangible assets with defined lives, and long-lived assets, which include determining when to capitalize costs, the depreciation and amortization methods to use and the useful lives of these assets. We evaluate these assets for impairment when there are indicators that the carrying values of these assets might not be recoverable. Such indicators of impairment may include changes in technology, significant market fluctuations, historical losses or loss of a significant customer, or other changes in circumstances that could affect the assets’ ability to generate future cash flows. When we evaluate these assets for impairment, we compare the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset to its carrying value. If the carrying value exceeds the sum of the undiscounted cash flows, and there is no alternative use for the asset, we determine that the asset is impaired. To measure the impairment charge, we compare the carrying amount of the long-lived asset to its fair value, as determined by quoted market prices in active markets, if available, or by discounting the projected future cash flows using our incremental borrowing rate. This calculation of fair value requires us to develop and employ long-term forecasts of future operating results related to these assets. These forecasts are based on assumptions about demand for our products and future market conditions. Future events and unanticipated changes to these assumptions could require a provision for impairment, resulting in a charge to net income during the period of the change.

We monitor relevant circumstances, including industry trends, general economic conditions, and the potential impact that such circumstances might have on the valuation of our identifiable intangible assets with finite lives. Events and changes in circumstances that may cause a triggering event and necessitate such a review include, but are not limited to: a decrease in sales for certain customers, improvements or changes in technology, and/or a decision to discontinue the use of a trademark or trade name, or allow a patent to lapse. Such events could negatively impact the fair value of our identifiable intangible assets. In such circumstances, we may evaluate the underlying assumptions and estimates made by us in order to assess the appropriate valuation of these identifiable intangible assets and compare to the carrying value of the assets. We may be required to write down these identifiable intangible assets and record a non-cash impairment charge. When we originally value our intangible assets, we use a variety of techniques to establish the carrying value of the assets, including the relief from royalty method, excess current year earnings method and income method.

Changes in market conditions during the fourth quarter of 2016 and throughout 2017 impacted our long-term forecasts of future operating results with regard to the reduction of significant sales volume to a large customer of our United States vinyl operations, and lower-than-expected operating performance of our North American Cabinet Components business. We determined that these conditions were indicators of triggering events which necessitated an evaluation of certain long-term assets utilized in these businesses for potential impairment. We compared the projected undiscounted cash flows we expected to realize associated with these assets over the remaining useful lives of the primary operating assets to the net book value of the long-term assets, including goodwill, and determined that these assets were not impaired. Therefore, we did not record an impairment charge related to property, plant and equipment or intangible assets with defined lives during the years ended October 31, 2017 and 2016. There were no indicators of triggering events noted for the year ended October 31, 2018.

Software development costs, including costs incurred to purchase third-party software, are capitalized when we have determined that the technology is capable of meeting our performance requirements, and we have authorized funding for the project. We cease capitalization of software costs when the software is substantially complete and is ready for its intended use. The software is then amortized over its estimated useful life. When events or circumstances indicate the carrying value of internal use software might not be recoverable, we assess the recoverability of these assets by comparing the carrying value of the asset to the undiscounted future cash flows expected to be generated from the asset’s use, consistent with the methodology to test other property, plant and equipment for impairment.

Property, plant and equipment is stated at cost and is depreciated using the straight-line method over the estimated useful lives of the assets. We capitalize betterments which extend the useful lives or significantly improve the operational efficiency of assets. We expense repair and maintenance costs as incurred.

The estimated useful lives of our primary asset categories at October 31, 2018 were as follows:



	Useful Life (in Years)
Land improvements	7 to 25
Buildings	25 to 40
Building improvements	5 to 20
Machinery and equipment	2 to 15

Leasehold improvements are depreciated over the shorter of their estimated useful lives or the term of the lease.

Goodwill

We use the acquisition method to account for business combinations and, to the extent that the purchase price exceeds the fair value of the net assets acquired, we record goodwill. In accordance with U.S. GAAP, we are required to evaluate our goodwill on a qualitative basis to determine if there are indicators of impairment. If there are no indicators, no further analysis is deemed necessary. However, if there are indicators of impairment or if events or circumstances indicate there may be a potential impairment, we perform an annual goodwill impairment test as of August 31, or more frequently if indicators of impairment exist. This impairment test requires a two-step approach as prescribed in ASC Topic 350 “Intangibles - Goodwill and Other” (ASC 350). The first step of the impairment test requires us to compare the fair value of each reporting unit to its carrying value including goodwill. To determine fair value of our reporting units, we use multiple valuation techniques including a discounted cash flow analysis, using the applicable weighted average cost of capital, in combination with a market approach. This test requires us to make assumptions about the future growth of our business and the market in general, as well as other variables such as the level of investment in capital expenditure, growth in working capital requirements and the terminal or residual value of our reporting units beyond the periods of estimated annual cash flows. We use a third-party valuation firm to assist us with this analysis. If the fair value of each reporting unit exceeds its carrying value, no further testing is required. Otherwise, we perform the second step of the impairment test whereby we compare the implied fair value of goodwill to its carrying value. The implied fair value of goodwill is determined by applying the acquisition method of accounting for a business combination to the reporting unit as if it were acquired. Under this method, the fair value of the reporting unit is deemed to be the purchase price. The assets and liabilities are recorded at their fair value and the remaining excess of fair value is the implied value of goodwill. An impairment loss is recorded to the extent that the carrying amount of the reporting unit goodwill exceeds the implied fair value of that goodwill. Our estimates of future cash flows and the residual values could differ from actual cash flows which may require a provision for impairment in a future period.

At our annual testing date, August 31, 2018, we had five reporting units with goodwill balances: two reporting units included in our NA Engineered Components operating segment, two reporting units included in our EU Engineered Components operating segment, and one reporting unit included in our NA Cabinet Components operating segment. We performed a qualitative assessment of the two reportable units in the NA Engineered Components segment and the two reportable units in the EU Engineered Components segment. This review included an analysis of historical goodwill test results, operating results relative to forecast, projected results over the next five years, and other measures and concluded that there were no indicators of potential impairment associated with these reportable units. Therefore, no additional testing was deemed necessary. For the reporting unit included in our NA Cabinet Components segment, we performed the first step of the goodwill impairment test at March 31, 2018, as our annual long-range planning effort produced lower forecasted results compared to the prior year's process, a potential indicator of impairment. We determined that the fair value of the net assets of this reporting unit exceeded the carrying value by approximately 4.5%. These results included the contribution and net assets of two wood-manufacturing plants transferred from the NA Engineered Components segment to the NA Cabinet Components segment during 2018. As of August 31, 2018, with the assistance of a third-party valuation firm, we updated this step-one analysis and determined that the fair value of the reportable unit continued to exceed its carrying value by 7.2%. Therefore, goodwill was not deemed impaired and no further testing was deemed necessary.

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 sublet in the current period. For other costs directly related to the restructuring effort, such as equipment moving costs, we expense in the period incurred.

In October 2016, we announced the closure of three operating plants, two related to our United States vinyl operations, and one related to our kitchen and bathroom cabinet door business in Mexico. We expensed $0.5 million pursuant to these restructuring efforts during the year ended October 31, 2016. In September 2017, we closed a kitchen and bathroom cabinet door plant in Lansing, Kansas. We expensed $4.6 million associated with our restructuring efforts for the year ended October 31, 2017, including cost of equipment moves, employee termination costs and severance, professional fees and operating lease costs. Our facility lease obligations were deemed to be at fair market value. We negotiated the exit of one of the vinyl facilities during September 2018, and the lease of the cabinet door plant expired during fiscal 2018. We incurred $1.5 million of expenses related to operating leases costs during the year ended October 31, 2018, and we expect to incur costs related to the operating leases for the remaining vinyl facility during fiscal 2019 until we are able to sublet or otherwise exit the lease.

In addition, we evaluated the remaining depreciable lives of property, plant and equipment that has been abandoned, displaced or otherwise disposed as a result of the plant closures. We recorded a change in estimate associated with the remaining useful lives of these assets which resulted in an increase in depreciation expense of $4.3 million and $1.0 million for the years ended October 31, 2017 and 2016, respectively. Furthermore, 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 resulting in an increase in amortization expense of $1.9 million and $0.3 million for the years ended October 31, 2017 and 2016, respectively. We did not incur similar increases in depreciation or amortization expenses related to restructuring activities during the year ended October 31, 2018.

Insurance

We manage our exposure to losses for workers’ compensation, group medical, property, casualty and other insurance claims through a combination of self-insurance retentions and insurance coverage with third-party carriers. We record undiscounted liabilities associated with our portion of these exposures, which we estimate by considering various factors such as our historical claims experience, severity factors and estimated claims incurred but not reported, for which we have developed loss development factors, which are estimates as to how claims will develop over time until closed. While we consider a number of factors in preparing the estimates, sensitive assumptions using significant judgment are made in determining the amounts that are accrued in the financial statements. Actual claims could differ significantly from these estimated liabilities, depending on future claims experience. We do not record insurance recoveries until any contingencies relating to the claim have been resolved.

Retirement Plans

We sponsor a defined benefit pension plan and an unfunded postretirement plan that provides health care and life insurance benefits for a limited pool of eligible retirees and dependents. To measure our liabilities associated with these plans, we make assumptions related to future events, including expected return on plan assets, rate of compensation increases, and healthcare cost trend rates. The discount rate reflects the rate at which benefits could be effectively settled on the measurement date. We determine our discount rate using a RATE: Link Model whereby target yields are developed from bonds across a range of maturity points, and a curve is fitted to those targets. Spot rates (zero coupon bond yields) are developed from the curve and used to discount benefit payments associated with each future year. Actual pension plan asset investment performance, as well as other economic experience such as discount rate and demographic experience, will either reduce or increase unamortized pension losses at the end of any fiscal year, which ultimately affects future pension costs.

Warranty Obligations

We accrue warranty obligations when we recognize revenue for certain products. Our provision for warranty obligations is based on historical costs incurred for such obligations and is adjusted, where appropriate, based on current conditions and factors. Our ability to estimate our warranty obligations is subject to significant uncertainties, including changes in product design and our overall product sales mix.

Income Taxes

We record the estimated future tax effects of temporary differences between the tax basis of assets and liabilities and the amounts reported in our consolidated balance sheets, as well as net operating losses and tax credit carry forwards. We evaluate the carrying value of the net deferred tax assets and determine whether we will be able to generate sufficient future taxable income to realize our deferred tax assets. We perform this review for recoverability on a jurisdictional basis, whereby we consider both positive and negative evidence related to the likelihood of realization of the deferred tax assets. The weight given to the positive and negative evidence is commensurate with the extent to which the evidence can be objectively verified. Cumulative losses in recent years is a significant piece of negative evidence that is difficult to overcome in determining that a valuation allowance is not needed against deferred tax assets. Thus, it is generally difficult for positive evidence regarding projected future taxable income exclusive of reversing taxable temporary differences to outweigh objective negative evidence of recent financial reporting losses. We recorded net income for the years ended October 31, 2018 and 2017 and a net loss for the year ended October 31, 2016. We have recorded pre-tax cumulative income from continuing operations of $45.3 million for the three-year period ended October 31, 2018. We believe we will fully realize our deferred tax assets, net of a recorded valuation allowance. We project future taxable income using the same forecasts used to test long-lived assets and intangibles for impairment, scheduling out the future reversal of existing taxable temporary differences and reviewing our most recent financial operations. In the event the estimates and assumptions indicate we will not generate sufficient future taxable income to realize our deferred tax assets, we record a valuation allowance against a portion of our deferred tax assets.

We evaluate our on-going tax positions to determine if it is more-likely-than-not we will be successful in defending such positions if challenged by taxing authorities. To the extent that our tax positions do not meet the more-likely-than-not criteria, we record a liability for uncertain tax positions. We have recorded a liability for uncertain tax positions which stem from certain state tax items related to the interpretation of tax laws and regulations. We continue to evaluate our positions regarding various state tax interpretations at each reporting date, until the applicable statute of limitations lapse.

On December 22, 2017, the Tax Cuts and Jobs Act (the Act) was signed into law. The Act reduced our federal income tax statutory rate from 35.0% to 23.3% for the fiscal year ended October 31, 2018. We have re-measured our deferred income tax assets and liabilities and have recorded a provisional tax expense for the one-time mandatory transition tax on deemed repatriation of previously tax-deferred and unremitted foreign earnings. Provisional tax expense will be finalized during the one year "measurement period" allowed by Staff Accounting Bulletin No. 118. For further details of the impact of the Act, see Note 11, "Income Taxes."

Derivative Instruments

We have historically used financial and commodity-based derivative contracts to manage our exposure to fluctuations in foreign currency exchange rates and aluminum prices. All derivatives are measured at fair value on a recurring basis and the methodology and classifications are discussed further in Note 13, "Derivative Instruments." We have not designated the derivative instruments we use as cash flow hedges under ASC Topic 815 "Derivatives and Hedging” (ASC 815). Therefore, all gains and losses, both realized and unrealized, are recognized in the consolidated statements of income (loss) in the period of the change as the underlying assets and liabilities are marked-to-market. We do not enter into derivative instruments for speculative or trading purposes. As such, these instruments are considered economic hedges, and are reflected in the operating activities section of the consolidated statements of cash flow.

Foreign Currency Translation

Our consolidated financial statements are presented in our reporting currency, the United States Dollar. Our German and United Kingdom operations are measured using the local currency as the functional currency. The assets and liabilities of our foreign operations which are denominated in other currencies are translated to United States Dollars using the prevailing exchange rates as of the balance sheet date. Revenues and expenses are translated at the average exchange rates for the applicable period. The resulting translation adjustments are recorded as a component of accumulated other comprehensive loss on the consolidated balance sheets.

Occasionally, we enter into transactions that are denominated in currencies other than our functional currency. At each balance sheet date, we translate these asset or liability accounts to our functional currency and record unrealized transaction gains or losses. When these assets or liabilities settle, we record realized transaction gains or losses. These realized and unrealized gains or losses are included in the accompanying consolidated statements of income (loss) under the caption, “Other, net.”

Stock–Based Compensation

We have issued stock-based compensation in the form of stock options to directors, employees and officers, and non-vested restricted stock awards to certain key employees and officers. We apply the provisions of ASC Topic 718 “Compensation - Stock Compensation” (ASC 718), to determine the fair value of stock option awards on the date of grant using the Black-Scholes valuation model. We recognize the fair value as compensation expense on a straight-line basis over the requisite service period of the award based on awards ultimately expected to vest. Stock options granted to directors vest immediately while the stock options granted to our employees and officers typically vest ratably over a three-year period with service and continued employment as the vesting conditions. For new option grants to retirement-eligible employees, we recognize expense and vest immediately upon grant, consistent with the retirement vesting acceleration provisions of these grants. For employees near retirement age, we amortize such grants over the period from the grant date to the retirement-eligibility date if such period is shorter than the standard vesting schedule. For grants of non-vested restricted stock, we calculate the compensation expense at the grant date as the number of shares granted multiplied by the closing stock price of our common stock on the date of grant. This expense is recognized ratably over the vesting period. Our non-vested restricted stock grants to officers and employees cliff vest over a three-year period with service and continued employment as the only vesting criteria. Our fair value determination of stock-based payment awards on the date of grant using an option-pricing model is affected by our stock price as well as assumptions regarding a number of highly complex and subjective variables. These variables include, but are not limited to, our expected stock price volatility over the term of the awards, actual and projected employee stock option exercise behavior over the expected term, our dividend rate, risk-free rate and expectation with regards to forfeitures. Option-pricing models were developed for use in estimating the value of traded options that have no vesting or hedging restrictions and are fully transferable. Because our employee stock options have certain characteristics that are significantly different from traded options, and because changes in the subjective assumptions can materially affect the estimated value, the valuation models may not provide an accurate measure of the fair value of our employee stock options. Accordingly, that value may not be indicative of the fair value observed in a willing buyer/willing seller market transaction.

We have granted other awards which are linked to the performance of our common stock, but will settle in cash rather than the issuance of shares of our common stock. The value of these awards fluctuates with changes in our stock price, with the resulting gains or losses reflected in the period of the change. We have recorded current and non-current liabilities related to these awards reflected in the accompanying consolidated balance sheets at October 31, 2018 and 2017. See Note 15, “Stock-based Compensation.”

In addition, we have granted performance share units which settle in cash and shares upon vesting. These awards have vesting criteria based on a market condition (relative total shareholder return) and an internal performance condition (earnings per share growth). We utilize a Monte Carlo simulation model to value the market condition and our stock price on the date of grant to value the internal performance condition. We bifurcate the liability and equity portion of the awards (amounts expected to settle in cash and shares, respectively) and recognize expense ratably over the vesting period of three years.

We have also granted performance restricted stock units which settle in shares upon vesting. These awards cliff vest upon a three-year service period with the performance of our common stock as the vesting criteria. We utilized a Monte Carlo simulation model to arrive at a grant-date value of these performance restricted stock units. This amount, which is settled in our common stock, is expensed over the three-year term of the award with a credit to additional paid-in-capital.

Treasury Stock

We use the cost method to record treasury stock purchases whereby the entire cost of the acquired shares of our common stock is recorded as treasury stock (at cost). When we subsequently reissue these shares, proceeds in excess of cost upon the issuance of treasury shares are credited to additional paid in capital, while any deficiency is charged to retained earnings.

Earnings per Share Data

We calculate basic earnings per share based on the weighted average number of our common shares outstanding for the applicable period. We calculate diluted earnings per share based on the weighted average number of our common shares outstanding for the period plus all potentially dilutive securities using the treasury stock method, whereby we assume that all such shares are converted into common shares at the beginning of the period, if deemed to be dilutive. If we incur a loss from continuing operations, the effects of potentially dilutive common stock equivalents (stock options and unvested restricted stock awards) are excluded from the calculation of diluted earnings per share because the effect would be anti-dilutive. Performance shares and performance restricted stock units are excluded from contingent shares for purposes of calculating diluted weighted average shares until the performance measure criteria is probable and shares are likely to be issued.

Supplemental Cash Flow Information

The following table summarizes our supplemental cash flow information for the years ended October 31, 2018, 2017 and 2016:



	Year Ended October 31,
	2018		2017		2016
	(In thousands)
Cash paid for interest	$	7,890	$	9,019	$	14,594
Cash paid for income taxes	4,217		3,334		3,004
Cash received for income tax refunds	95		1,167		1,949
Noncash investing and financing activities:
Investment in capital leases	799		16,846		—
Increase (decrease) in capitalized expenditures in accounts payable and accrued liabilities	264		392		(32		)
Debt discount on Term Loan B	—		—		6,200

Related Party Transactions

We lease several operating facilities from a company that is directly owned by the former owner of our United Kingdom-based vinyl extrusion business, who was our employee until his retirement in October 2018. See Note 2, "Acquisitions and Dispositions". In addition to the leases with our employee, our related party transactions also included purchases of less than $0.1 million and sales of approximately $0.1 million. Accounts payable and accounts receivable as of October 31, 2018 included less than $0.1 million of activity from related party transactions.

Subsequent Events

We have evaluated events occurring after the balance sheet date for possible disclosure as a subsequent event through the date the financial statements were issued.

Acquisitions

12 Months Ended

Oct. 31, 2018

Business Combinations [Abstract]

Acquisitions

2. Acquisitions and Dispositions

Woodcraft

On November 2, 2015, we completed a merger of QWMS, Inc., a Delaware corporation which was a newly-formed and wholly-owned Quanex subsidiary, and WII Holding, Inc. (WII), a Delaware corporation. Upon satisfaction or waiver of conditions set forth in the merger agreement, QWMS, Inc. merged with and into WII, and WII became our wholly-owned subsidiary, and, as a result, we acquired all the subsidiaries of WII (referred to collectively as Woodcraft). Woodcraft is a manufacturer of cabinet doors and other components to OEMs in the kitchen and bathroom cabinet industry. At the time of purchase, Woodcraft operated 12 plants within the United States and one in Mexico. On October 31, 2016, we announced the closure of the Woodcraft plant in Mexico and subsequently closed a plant in Lansing, Kansas in September 2017. We paid $245.9 million in cash, net of cash acquired and including certain holdbacks with regard to potential indemnity claims, and received less than $0.1 million from the seller as a working capital true-up, resulting in goodwill totaling $113.7 million. We believe this acquisition expanded our business into a new segment of the building products industry, which is experiencing growth and which is less susceptible to the impact of seasonality due to inclement weather.

The purchase price was allocated to the fair value of the assets acquired and liabilities assumed, as indicated in the table below.



	As of Date of Opening Balance Sheet
	(In thousands)
Net assets acquired:
Accounts receivable	$	23,944
Inventory	29,552
Prepaid and other current assets	4,081
Property, plant and equipment	63,154
Goodwill	113,747
Intangible assets	62,900
Other non-current assets	24
Accounts payable	(4,620		)
Accrued expenses	(9,492		)
Deferred income tax liabilities, net	(37,386		)
Net assets acquired	$	245,904
Consideration:
Cash, net of cash and cash equivalents acquired	$	245,904

We used recognized valuation techniques to determine the fair value of the assets and liabilities, including the income approach for customer relationships, with a discount rate that reflects the risk of the expected future cash flows. Intangible assets related to the Woodcraft acquisition as of November 2, 2015 included $62.8 million of customer relationships and other intangibles of less than $0.1 million, with original estimated useful lives of 12 years and 1 year, respectively. These intangible assets are being amortized on a straight-line basis. The goodwill balance is not deductible for tax purposes. Woodcraft is allocated entirely to our North American Cabinet Components reportable business segment.

HLP

On June 15, 2015, we acquired the outstanding ownership shares of Flamstead Holdings Limited, an extruder of vinyl lineal products and manufacturer of other plastic products incorporated and registered in England and Wales, for $131.7 million in cash, net of cash acquired, debt assumed of $7.7 million and contingent consideration of $10.3 million, resulting in goodwill on the transaction of approximately $61.3 million. Following a pre-sale reorganization and purchase, Flamstead Holdings Limited owned 100% of the ownership shares of the following subsidiaries: HL Plastics Limited, Vintage Windows Limited, Wegoma Machinery Sales Limited (renamed in 2016 as Avantek Machinery), and Liniar Limited (collectively referred to as “HLP”) each of which is registered in England and Wales. The purchase price was allocated to the fair value of the assets acquired and liabilities assumed. The agreement contained an earn-out provision which was 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.

We assumed operating leases associated with the HLP acquisition for which our lessors are entities that were either wholly-owned subsidiaries or affiliates of Flamstead Holdings Limited prior to the pre-acquisition reorganization, 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 and a mixing plant. The lease for the manufacturing plant has a 20-year term which began in 2007, the lease for the warehouse has a 15-year term which began in 2012, and the lease for the mixing plant has a 13.5-year term which began in 2013. We recorded rent expense of approximately $1.3 million, $1.2 million and $1.3 million for the years ended October 31, 2018, 2017 and 2016, respectively. Future commitments of $9.9 million under these lease arrangements are included in our operating lease commitments disclosed in Note 12, "Commitments and Contingencies."

On February 20, 2017, we entered into a capital lease arrangement with the same related party to purchase a new warehouse facility at HLP. This capital lease resulted in a non-cash increase in property, plant and equipment and a corresponding increase in debt, as more fully described at Note 8, "Debt and Capital Lease Obligations - Other Debt Instruments", included herewith.

Receivables & Allowance

12 Months Ended

Oct. 31, 2018

Receivables [Abstract]

Accounts Receivable and Allowance for Doubtful Accounts

3. Accounts Receivable and Allowance for Doubtful Accounts

Accounts receivable consisted of the following as of October 31, 2018 and 2017:



	October 31,
	2018		2017
	(In thousands)
Trade receivables	$	83,828	$	79,221
Other	511		523
Total	$	84,339	$	79,744
Less: Allowance for doubtful accounts	325		333
Accounts receivable, net	$	84,014	$	79,411

The changes in our allowance for doubtful accounts were as follows:



	Year Ended October 31,
	2018			2017			2016
	(In thousands)
Beginning balance as of November 1, 2017, 2016 and 2015, respectively	$	333		$	251		$	673
Bad debt expense (benefit)	46			131			(67		)
Amounts written off	(54		)	(49		)	(371		)
Recoveries	—			—			16
Balance as of October 31,	$	325		$	333		$	251

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

Inventories

12 Months Ended

Oct. 31, 2018

Inventory Disclosure [Abstract]

Inventories

4. Inventories

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



	October 31,
	2018		2017
	(In thousands)
Raw materials	$	41,584	$	50,472
Finished goods and work in process	31,727		40,087
Supplies and other	1,794		2,655
Total	$	75,105	$	93,214
Less: Inventory reserves	5,740		5,685
Inventories, net	$	69,365	$	87,529

The changes in our inventory reserve accounts were as follows for the years ended October 31, 2018, 2017 and 2016:



	Year Ended October 31,
	2018			2017			2016
	(In thousands)
Beginning balance as of November 1, 2017, 2016 and 2015, respectively	$	5,685		$	4,994		$	8,106
Charged to cost of sales	1,501			1,296			8
Write-offs	(1,415		)	(661		)	(3,048		)
Other	(31		)	56			(72		)
Balance as of October 31,	$	5,740		$	5,685		$	4,994

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



	October 31,
	2018		2017
	(In thousands)
LIFO	$	4,273	$	4,444
FIFO	65,092		83,085
Total	$	69,365	$	87,529

For inventories valued using the LIFO method, replacement cost exceeded the LIFO value by approximately $1.4 million as of October 31, 2018 and 2017. During the fiscal year ended October 31, 2018, we increased the LIFO reserve and recorded a corresponding increase to cost of sales of approximately $0.3 million. This resulted in the liquidation of two LIFO layers and a corresponding benefit of less than $0.1 million to cost of sales. During the year ended October 31, 2016, we reduced the LIFO reserve and recorded a corresponding decrease to cost of sales of approximately $0.3 million. We did not record a LIFO adjustment for the year ended October 31, 2017, and we did not liquidate any LIFO layers during the years ended October 31, 2017 or 2016.

We record LIFO reserve adjustments as corporate expenses so that our chief operating decision maker can review the operations of our operating segments on a consistent FIFO or weighted-average basis. We calculate our LIFO reserve adjustments on a consolidated basis in a single pool using the dollar-value link chain method.

For our business acquisitions which have inventory balances, we integrate these operations and allow the use of either the LIFO or FIFO costing method. The inventory costing methods selected by these acquired businesses depends upon the facts and circumstances that exist at the time, and may include expected inventory quantities and expected future pricing levels. We perform this evaluation for each business acquired individually.

Property, Plant & Equipment

12 Months Ended

Oct. 31, 2018

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure

5. Property, Plant and Equipment

Property, plant and equipment consisted of the following at October 31, 2018 and 2017:



	October 31,
	2018		2017
	(In thousands)
Land and land improvements	$	10,366	$	10,491
Buildings and building improvements	98,212		96,622
Machinery and equipment	371,106		354,197
Construction in progress	10,293		13,868
Property, plant and equipment, gross	489,977		475,178
Less: Accumulated depreciation	288,607		264,047
Property, plant and equipment, net	$	201,370	$	211,131

Depreciation expense for the years ended October 31, 2018, 2017, and 2016 was $35.6 million, $39.1 million and $36.2 million, respectively.

Assets recorded under capital leases had a historical cost of $22.2 million and $24.3 million, respectively, and accumulated depreciation of $3.4 million and $2.8 million, respectively as of October 31, 2018 and 2017. Depreciation expense related to these assets totaled $1.1 million, $2.0 million and $0.8 million for the periods ended October 31, 2018, 2017, and 2016, respectively. Refer to Note 8, "Debt and Capital Lease Obligations" for additional information on capital leases.

If there are indicators of potential impairment, we evaluate our property, plant and equipment for recoverability over the remaining useful lives of the assets. We did not incur impairment losses associated with these assets for the years ended October 31, 2018, 2017, and 2016. See further discussion at Note 1, "Nature of Operations, Basis of Presentation and Significant Accounting Policies - Long-Lived Assets - Property, Plant and Equipment and Intangible Assets with Defined Lives."

Goodwill and Intangible Assets

12 Months Ended

Oct. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Acquired Intangible Assets

6. Goodwill and Intangible Assets

Goodwill

The change in the carrying amount of goodwill for the years ended October 31, 2018 and 2017 was as follows:



	Year Ended October 31,
	2018			2017
	(In thousands)
Beginning balance as of November 1, 2017 and 2016	$	222,194		$	217,035
Foreign currency translation adjustment	(2,567		)	5,159
Balance as of October 31,	$	219,627		$	222,194

At our annual testing date, August 31, 2018, we had five reportable units with goodwill balances. Two of these units were included in our NA Engineered Components segment and had goodwill balances of $35.9 million and $2.8 million, two units were included in our EU Engineered Components segment with goodwill balances of $50.2 million and $17.0 million, and our NA Cabinet Components segment had one unit with a goodwill balance of $113.7 million. We determined our goodwill was not impaired at October 31, 2018. The results of our goodwill impairment testing in August 2018 is more fully described at Note 1, "Nature of Operations, Basis of Presentation and Significant Accounting Policies - Long-Lived Assets - Goodwill." For the year ended October 31, 2016, we recorded an impairment charge of $12.6 million associated with the remaining goodwill of our United States vinyl operations within the NA Engineered Components segment.

Identifiable Intangible Assets

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



	October 31, 2018	October 31, 2018				October 31, 2017
	Remaining Weighted Average Useful Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
		(In thousands)
Customer relationships	11 years	$	153,704	$	59,332	$	155,230	$	48,479
Trademarks and trade names	11 years	55,583		32,668		56,058		29,509
Patents and other technology	3 years	22,278		17,646		22,624		16,146
Total		$	231,565	$	109,646	$	233,912	$	94,134

We do not estimate a residual value associated with these intangible assets. During October 2016 and throughout 2017, we determined that triggering events occurred which necessitated a review of our long-term assets. Based on an undiscounted cash flow analysis, we determined that our defined-lived intangible assets were not impaired. In addition, we shortened the life of several defined-lived intangible assets, which resulted in the recognition of incremental amortization expense of $1.9 million and $0.3 million for the years ended October 31, 2017 and 2016, respectively. We did not incur any corresponding incremental amortization expense during the year ended October 31, 2018. See additional disclosure at Note 1, "Nature of Operations, Basis of Presentation and Significant Accounting Policies - Restructuring."

During the year ended October 31, 2018, we retired fully amortized identifiable assets of $0.3 million related to patents and other technology. During the year ended October 31, 2017, we retired fully amortized identifiable intangible assets of $2.4 million, primarily related to patents and other technology, including such assets associated with the restructuring mentioned above.

The aggregate amortization expense associated with identifiable intangible assets for the years ended October 31, 2018, 2017, and 2016 was $16.2 million, $18.4 million and $16.9 million, respectively.

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



	Estimated Amortization Expense
2019	$	15,282
2020	14,226
2021	12,506
2022	11,883
2023	11,136
Thereafter	56,886
Total	$	121,919

We did not incur impairment losses related to our identifiable intangible assets during the years ended October 31, 2018, 2017, and 2016.

- 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

Accrued Liabilities

12 Months Ended

Oct. 31, 2018

Accrued Liabilities [Abstract]

Accrued Liabilities

7. Accrued Liabilities

Accrued liabilities consisted of the following at October 31, 2018 and 2017:



	October 31,
	2018		2017
	(In thousands)
Payroll, payroll taxes and employee benefits	$	28,202	$	16,733
Accrued insurance and workers compensation	3,095		3,591
Sales allowances	6,514		9,070
Deferred compensation (current portion)	153		669
Deferred revenue	287		625
Warranties	148		168
Audit, legal, and other professional fees	2,170		2,096
Accrued taxes	2,286		2,656
Other	3,113		3,263
Accrued liabilities	$	45,968	$	38,871

Debt and Capital Lease Obligations

12 Months Ended

Oct. 31, 2018

Debt Disclosure [Abstract]

Debt and Capital Lease Obligations

8. Debt and Capital Lease Obligations

Long-term debt consisted of the following at October 31, 2018 and 2017:



	October 31,
	2018			2017
	(In thousands)
Revolving Credit Facility	$	195,000		$	84,000
Term Loan A	—			138,750
Capital lease obligations	17,043			18,764
Unamortized deferred financing fees	$	(1,487	)	$	(2,088	)
Total debt	$	210,556		$	239,426
Less: Current maturities of long-term debt	1,224			21,242
Long-term debt	$	209,332		$	218,184

Revolving Credit Facility

On November 2, 2015, we entered into a $310.0 million Term Loan Credit Agreement and a $100.0 million ABL Credit Agreement (collectively the “2015 Credit Facilities”) with Wells Fargo, National Association, as Agent, and Bank of America, N.A. serving as Syndication Agent. The term loan portion of the 2015 Credit Facilities was to mature on November 2, 2022, and required quarterly principal payments equal to 0.25% of the aggregate borrowings. Interest was computed, at our election, based on a Base Rate plus applicable margin of 4.25%, or LIBOR plus applicable margin of 5.25% (with the stipulation that LIBOR could not be less than 1%). The term loan provided for incremental term loan commitments for a minimum principal amount of $25.0 million, up to an aggregate amount of $50.0 million, to the extent that such borrowings did not cause the Consolidated Senior Secured Leverage Ratio to exceed 3.00 to 1.00. The term loan agreement permitted prepayment of the term loan of at least an aggregate amount of $5.0 million, or any whole multiple of $1.0 million, in excess thereof without penalty, except if such prepayment was made on or before November 2, 2016, we would pay a fee equal to 1% of such prepayment. The ABL portion of the 2015 Credit Facilities was to mature on November 2, 2020 with no stated principal repayment terms prior to maturity. Borrowing capacity and availability was determined based upon the dollar equivalent of certain working capital items including receivables and inventory, subject to eligibility as determined by Wells Fargo, National Association, as Administrative Agent, up to the facility maximum of $100.0 million. Interest was computed, at our election, on a grid as the Base Rate plus an Applicable Margin, as defined in the agreement, or LIBOR plus an Applicable Margin. The Applicable Margin applied for the duration of the 2015 Credit Facilities was 0.50% for Base Rate loans and 1.50% for LIBOR Rate loans. In addition, the ABL portion of the 2015 Credit Facilities required payment of a commitment fee (unused line fee) based on the average revolver usage. The unused line fee of 0.375% was applied for the duration of the 2015 Credit Facilities.

On July 29, 2016, we refinanced and retired the 2015 Credit Facilities and entered into a $450.0 million credit agreement comprising a $150.0 million Term Loan A and a $300.0 million revolving credit facility (collectively, the “2016 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 2016 Credit Agreement had a five-year term, maturing on July 29, 2021, and required 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 were subject to commitment fees for the unused portion of the 2016 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 2016 Credit Agreement required quarterly principal payments on the last business day of each fiscal quarter in accordance with a stated repayment schedule. Required aggregate principal repayments totaled $15.0 million for the succeeding twelve-month period, and were included in the accompanying consolidated balance sheet under the caption “Current Maturities of Long-term Debt.” No stated principal payments were required under the revolving credit portion of the 2016 Credit Agreement, except upon maturity. We were required to make mandatory prepayments of "excess cash flow" as defined in the agreement if our Consolidated Leverage Ratio was less than 2.25 to 1.00.

The 2016 Credit Agreement provided for incremental term loan or revolving credit commitments for a minimum principal amount of $10.0 million, up to an aggregate amount of $150.0 million, subject to the lender's discretion to elect or decline the incremental increase. We could also borrow up to the lesser of $15.0 million or the revolving credit commitment, as defined, under a Swingline feature of the Credit Agreement. We were permitted to prepay the term loan under the Credit Agreement, without premium or penalty, in aggregate principal amounts of $1.0 million or whole multiples of $0.5 million in excess thereof.

The 2016 Credit Agreement contained a: (1) Consolidated Fixed Charge Coverage Ratio requirement whereby we could 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
Closing Date through January 30, 2017		3.50 to 1.00
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 2016 Credit Agreement also limited 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, were utilized as collateral for the Credit Agreement.

We utilized the funding from the 2016 Credit Agreement, along with additional funding of $16.4 million of cash on hand, to repay outstanding borrowings under the 2015 Credit Facilities of $309.2 million, to pay a 1% prepayment call premium under the Term Loan B portion thereof, to settle outstanding interest accrued under the prior facility, and to pay loan fees associated with the 2016 Credit Agreement which totaled $2.8 million. In addition to the 1% prepayment call premium fee, we expensed $8.1 million to write-off unamortized deferred financing fees and $5.5 million of unamortized original issuer’s discount associated with the 2015 Credit Facilities.

On October 18, 2018, we amended and extended the 2016 Credit Agreement by entering into a $325.0 million revolving credit facility (the “2018 Credit Facility”), with Wells Fargo Bank, National Association, as Agent, Swingline Lender and Issuing Lender, and Bank of America, N.A. serving as Syndication Agent. The 2018 Credit Facility has a five-year term, maturing on October 18, 2023, and required 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 + 1.50%. In addition, we are subject to commitment fees for the unused portion of the 2018 Credit Facility.

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%	1.25%	0.25%
II	Greater than 1.50 to 1.00, but less than or equal to 2.25 to 1.00	0.225%	1.50%	0.50%
III	Greater than 2.25 to 1.00, but less than or equal to 3.00 to 1.00	0.250%	1.75%	0.75%
IV	Greater than 3.00 to 1.00	0.300%	2.00%	1.00%

In the event of default, outstanding borrowings 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 2018 Credit Facility provided for incremental revolving credit commitments for a minimum principal amount of $10.0 million, up to an aggregate amount of $150.0 million, subject to the lender's discretion to elect or decline the incremental increase. We can also borrow up to the lesser of $15.0 million or the revolving credit commitment, as defined, under a Swingline feature of the Credit Agreement.

The 2018 Credit Facility contains a: (1) Consolidated Interest Coverage Ratio requirement whereby we must not permit the Consolidated Interest Coverage Ratio, as defined, to be less than 2.25 to 1.00, and (2) Consolidated Leverage Ratio requirement whereby we must not permit the Consolidated Leverage Ratio, as defined, must be greater than 3.25 to 1.00.

In addition to maintaining these financial covenants, the 2018 Credit Facility 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 $20.0 million per year) and other transactions as further defined in the 2018 Credit Facility. Some of these limitations, however, do not take effect so long as total leverage is less than or equal to 2.75 to 1.00 and available liquidity exceeds $25 million. Substantially all of our domestic assets, with the exception of real property were utilized as collateral for the Credit Agreement.

We utilized initial borrowings of $205.0 million from the 2018 Credit Facility, along with additional funding of $10.0 million of cash on hand, to repay outstanding borrowings under the 2016 Credit Agreement of $213.5 million, to settle outstanding interest accrued and loan fees under the prior facility, and to pay loan fees associated with the 2018 Credit Agreement which totaled $1.0 million. We expensed $1.1 million of unamortized deferred financing fees associated with the 2016 Credit Agreement, while deferring the remaining $0.5 million of unamortized deferred financing fees attributable to the remaining lenders from the previous facility over the life of the 2018 Credit Facility.

As of October 31, 2018, we had $195.0 million of borrowings outstanding under the Credit Agreement (reduced by unamortized debt issuance costs of $1.5 million), $5.3 million of outstanding letters of credit and $17.0 million outstanding under capital leases. We had $124.7 million available for use under the Credit Agreement at October 31, 2018. The borrowings outstanding as of October 31, 2018 under the Credit Agreement accrue interest at 3.80% per annum, and our weighted average borrowing rate for borrowings outstanding during the years ended October 31, 2018 and 2017 was 3.76% and 2.95%, respectively. We were in compliance with our debt covenants as of October 31, 2018.

Other Debt Instruments

During the year ended October 31, 2017, we fully repaid $0.4 million related to the City of Richmond, Kentucky, Industrial Building Revenue Bonds, which had annual installment payments due through October 2020. Interest was payable monthly at a variable rate, which ranged from 0.7% to 1.3% during the fiscal year ended October 31, 2017. The average interest rate during each of the fiscal years ended October 31, 2017 and 2016 was 1.0% and 0.5%, respectively.

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. The accompanying statement of cash flows as of October 31, 2017 excludes these assets and related obligations as non-cash investing and financing activities. 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 $23.6 million). The cost and accumulated depreciation of property, plant and equipment under capital leases at October 31, 2018 was $22.2 million and $3.4 million, respectively, including $16.3 million and $1.4 million, respectively, related to this warehouse lease. These obligations accrue interest at an average rate of 3.59%, and extend through the year 2036.

The table below presents the scheduled maturity dates of our long-term debt outstanding (excluding deferred loan costs of $1.5 million) at October 31, 2018 (in thousands):



	Revolving Credit Facility		Capital Leases and Other Obligations		Aggregate Maturities
2019	$	—	$	1,523	$	1,523
2020	—		1,076		1,076
2021	—		884		884
2022	—		876		876
2023	195,000		807		195,807
Thereafter	—		11,877		11,877
Total	$	195,000	$	17,043	$	212,043

Retirement Plans

12 Months Ended

Oct. 31, 2018

Retirement Benefits [Abstract]

Retirement Plans

We have a number of retirement plans covering substantially all employees. We provide both defined benefit and defined contribution plans. In general, an employee’s coverage for retirement benefits depends on the location of employment.

Defined Benefit Plan

We have a non-contributory, single employer defined benefit pension plan that covers the majority of our domestic employees, excluding the Woodcraft employees who are not currently participating. Effective January 1, 2007, we amended this defined benefit pension plan to include a cash balance formula for all new salaried employees hired on or after January 1, 2007 and for any non-union employees who were not participating in a defined benefit plan prior to January 1, 2007. All participating salaried employees hired after January 1, 2007, are eligible to receive credits equivalent to 4% of their annual eligible wages. Some of the employees at the time of the amendment were “grandfathered” and are eligible to receive credits ranging up to 6.5% based upon a percentage of benefits received under our defined benefit plan prior to this amendment of the pension plan. Additionally, every year the participants will receive an interest related credit on their respective balance equivalent to the prevailing 30-year Treasury rate. For employees who were participating in this plan prior to January 1, 2007, the benefit formula is a more traditional formula for retirement benefits, whereby the plan pays benefits to employees upon retirement, using a formula which considers years of service and pensionable compensation prior to retirement. Of our pension plan participants, 99% have their benefit determined pursuant to the cash balance formula.

The Medicare Prescription Drug, Improvement and Modernization Act of 2003 (the "Act") was signed into law on December 8, 2003. This Act introduces a Medicare prescription-drug benefit beginning in 2006 as well as a federal subsidy to sponsors of retiree health care plans that provide a benefit at least “actuarially equivalent” to the Medicare benefit. We concluded that our plans are at least “actuarially equivalent” to the Medicare benefit. For those who are otherwise eligible for the subsidy, we have not included this subsidy per the Act in our benefit calculations. The impact to net periodic benefit cost and to benefits paid did not have a material impact on the consolidated financial statements.

Funded Status and Net periodic Benefit Cost

The changes in benefit obligations and plan assets, and our funded status (reported in deferred pension and postretirement benefits on the consolidated balance sheets) were as follows:



	October 31,
	2018			2017
Change in Benefit Obligation:	(In thousands)
Beginning balance as of November 1, 2017 and 2016, respectively	$	38,323		$	36,892
Service cost	3,908			3,794
Interest cost	1,130			859
Actuarial gain	(4,296		)	(318		)
Benefits paid	(2,551		)	(2,263		)
Administrative expenses	(555		)	(641		)
Projected benefit obligation at October 31,	$	35,959		$	38,323
Change in Plan Assets:
Beginning balance as of November 1, 2017 and 2016, respectively	$	34,340		$	29,210
Actual return on plan assets	66			4,434
Employer contributions	764			3,600
Benefits paid	(2,551		)	(2,263		)
Administrative expenses	(555		)	(641		)
Fair value of plan assets at October 31,	$	32,064		$	34,340
Non current liability - Funded Status	$	(3,895	)	$	(3,983	)

As of October 31, 2018 and 2017, included in our accumulated comprehensive loss was a net actuarial loss of $3.0 million and $5.2 million, respectively. There were no net prior service costs or transition obligations for the years ended October 31, 2018 and 2017.

As of October 31, 2018 and 2017, the accumulated benefit obligation was $35.4 million and $37.4 million, respectively. The accumulated benefit obligation is the present value of pension benefits (whether vested or unvested) attributed to employee service rendered before the measurement date, and based on employee service and compensation prior to that date. The accumulated benefit obligation differs from the projected benefit obligation in that it includes no assumption about future compensation levels.

The net periodic benefit cost for the years ended October 31, 2018, 2017 and 2016, was as follows:



	Year Ended October 31,
	2018			2017			2016
	(In thousands)
Service cost	$	3,908		$	3,794		$	3,712
Interest cost	1,130			859			828
Expected return on plan assets	(2,172		)	(1,863		)	(1,617		)
Amortization of net loss	64			574			384
Net periodic benefit cost	$	2,930		$	3,364		$	3,307

The changes in plan assets and projected benefit obligations which were recognized in our other comprehensive loss for the years ended October 31, 2018, 2017 and 2016 were as follows:



	Year Ended October 31,
	2018			2017			2016
	(In thousands)
Net (gain) loss arising during the period	$	(2,189	)	$	(2,888	)	$	3,556
Less: Amortization of net loss	$	64		$	574		$	384
Total recognized in other comprehensive loss	$	(2,253	)	$	(3,462	)	$	3,172

As of October 31, 2016, we recorded a $0.3 million pre-tax benefit associated with our postretirement benefit plan, described below at "Other Plans."

Measurement Date and Assumptions

We generally determine our actuarial assumptions on an annual basis, with a measurement date of October 31. The following table presents our assumptions for pension benefit calculations for the years ended October 31, 2018, 2017 and 2016:



	For the Year Ended October 31,
	2018	2017	2016	2018	2017	2016
Weighted Average Assumptions:	Benefit Obligation			Net Periodic Benefit Cost
Discount rate	4.44%	3.68%	3.41%	4.44%	3.66%	3.92%
Rate of compensation increase	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%
Expected return on plan assets	n/a	n/a	n/a	6.50%	6.50%	6.50%

The discount rate was used to calculate the present value of the projected benefit obligation for pension benefits. The rate reflects the amount at which benefits could be effectively settled on the measurement date. We used a RATE: Link Model whereby target yields are developed from bonds across a range of maturity points, and a curve is fitted to those targets. Spot rates (zero coupon bond yields) are developed from the curve and used to discount benefit payments associated with each future year. This model assumes spot rates will remain level beyond the 30-year point. We determine the present value of plan benefits by applying the discount rates to projected benefit cash flows.

The expected return on plan assets was used to determine net periodic pension expense. The rate of return assumptions were based on projected long-term market returns for the various asset classes in which the plans were invested, weighted by the target asset allocations. We review the return assumption at least annually. The rate of compensation increase represents the long-term assumption for expected increases in salaries.

Plan Assets

The following tables provide our target allocation for the year ended October 31, 2018, as well as the actual asset allocation by asset category and fair value measurements as of October 31, 2018 and 2017:



	Target Allocation		Actual Allocation
	October 31, 2018		October 31, 2018		October 31, 2017
Equity securities	60.0	%	61.0	%	60.0	%
Fixed income	40.0	%	39.0	%	40.0	%



	Fair Value Measurements at
	October 31, 2018		October 31, 2017
	(In thousands)
Money market fund	$	597	$	204

Large capitalization	$	8,362	$	10,972
Small capitalization	2,559		4,102
International equity	6,385		3,756
Other	1,913		1,695
Equity securities	$	19,219	$	20,525

High-quality core bond	$	9,736	$	6,801
High-quality government bond	1,251		3,407
High-yield bond	1,261		3,403
Fixed income	$	12,248	$	13,611
Total securities⁽¹⁾	$	32,064	$	34,340


⁽¹⁾	Quoted prices in active markets for identical assets (Level 1).

Inputs and valuation techniques used to measure the fair value of plan assets vary according to the type of security being valued. All of the equity and debt securities held directly by the plans were actively traded and fair values were determined based on quoted market prices.

Our investment objective for defined benefit plan assets is to meet the plans’ benefit obligations, while minimizing the potential for future required plan contributions. The investment strategies focus on asset class diversification, liquidity to meet benefit payments and an appropriate balance of long-term investment return and risk. Target ranges for asset allocations are determined by matching the actuarial projections of the plans’ future liabilities and benefit payments with expected long-term rates of return on the assets, taking into account investment return volatility and correlations across asset classes. Plan assets are diversified across several investment managers and are generally invested in liquid funds that are selected to track broad market equity and bond indices. Investment risk is carefully controlled with plan assets rebalanced to target allocations on a periodic basis and monitoring of performance of investment managers relative to the investment guidelines established with each investment manager.

Expected Benefit Payments and Funding

Our pension funding policy is to make the minimum annual contributions required pursuant to the plan. We accelerated contributions to target a 100% funding threshold. Additionally, we consider funding annual requirements early in the fiscal year to potentially maximize the return on assets. For the fiscal years ended October 31, 2018, 2017 and 2016, we made total pension contributions of $0.8 million, $3.6 million and $3.7 million, respectively.

During fiscal 2019, we expect to contribute approximately $0.8 million to the pension plan to reach targeted funding levels and meet minimum contribution requirements. This expected contribution level will be dependent on many variables, including the market value of the assets compared to the obligation, as well as other market or regulatory conditions. In addition, we consider the cash requirements of our business investment opportunities. Accordingly, actual funding amounts and the timing of such funding may differ from current estimates.

The following table presents the total benefit payments expected to be paid to participants by year, which includes payments funded from our assets, as well as payments paid from the plan for the year ended October 31, (in thousands):



	Pension Benefits
2019	$	2,488
2020	2,516
2021	2,724
2022	2,898
2023	3,031
2024 - 2028	16,304
Total	$	29,961

Defined Contribution Plan

We also sponsor a defined contribution plan into which we and our employees make contributions. We merged a predecessor plan sponsored by Woodcraft into our defined contribution plan effective January 1, 2017. We match 50% up to the first 5% of employee annual salary deferrals under our existing plan. Beginning January 1, 2018, the plan was amended to provide the same match to Woodcraft employees. Prior to January 1, 2018, we matched 35% up to the first 5% of employee deferrals for employees who participated in the predecessor Woodcraft plan. We do not offer our common stock as a direct investment option under these plans. For the years ended October 31, 2018, 2017 and 2016, we contributed approximately $2.6 million, $2.4 million and $2.2 million for these plans, respectively.

Other Plans

Under our postretirement benefit plan, we provide certain healthcare and life insurance benefits for a small number of eligible retired employees who were employed prior to January 1, 1993. Certain employees may become eligible for those benefits if they reach normal retirement age while working for us. We continue to fund benefit costs on a pay-as-you-go basis. The table below indicates the amount of these liabilities included in the accompanying consolidated balance sheets:



	October 31, 2018		October 31, 2017
	(In thousands)
Accrued liabilities	$	49	$	49
Deferred pension and postretirement benefits	323		450
Total	$	372	$	499

We also have supplemental benefit plans covering certain executive officers and a non-qualified deferred compensation plan covering members of the Board of Directors and certain key employees. Our liability under the supplemental benefit plan was approximately $3.4 million as of October 31, 2018 and 2017, and our liability under the deferred compensation plan was approximately $3.5 million and $4.0 million, respectively. As of October 31, 2018 and 2017, the current portion of these liabilities was recorded under the caption "Accrued Liabilities," and the long-term portion was included under the caption "Other Liabilities" in the accompanying balance sheets.

Warranty Obligations

12 Months Ended

Oct. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Warranty Obligations

10. 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 consolidated balance sheets) follows:



	Year Ended October 31,
	2018			2017
	(In thousands)
Beginning balance as of November 1, 2017, and 2016, respectively	$	323		$	446
Provision for warranty expense	4			41
Change in accrual for preexisting warranties	(16		)	(121		)
Warranty costs paid	(16		)	(43		)
Total accrued warranty	$	295		$	323
Less: Current portion of accrued warranty	148			168
Long-term portion at October 31,	$	147		$	155

Income Taxes

12 Months Ended

Oct. 31, 2018

Income Tax Disclosure [Abstract]

Income Taxes

11. Income Taxes

We provide for income taxes on taxable income at the statutory rates applicable. The following table summarizes the components of income tax (benefit) expense from continuing operations for the years ended October 31, 2018, 2017 and 2016:



	Year Ended October 31,
	2018			2017			2016
	(In thousands)
Current
Federal	$	983		$	1,991		$	1,309
State and local	417			873			154
Non-United States	3,356			4,067			3,241
Total current	4,756			6,931			4,704
Deferred
Federal	(5,903		)	1,860			(5,932		)
State and local	670			(450		)	(712		)
Non-United States	(398		)	(1,522		)	(1,825		)
Total deferred	(5,631		)	(112		)	(8,469		)
Total income tax (benefit) expense	$	(875	)	$	6,819		$	(3,765	)

The following table reconciles our effective income tax rate to the federal statutory rate for the years ended October 31, 2018, 2017 and 2016:



	Year Ended October 31,
	2018		2017		2016
United States tax at statutory rate	23.3	%	35.0	%	35.0	%
State and local income tax	3.4		1.7		7.4
Non-United States income tax	(1.6	)	(9.1	)	32.0
Deferred rate impact	—		(4.1	)	15.2
General business credits	(0.4	)	(0.5	)	6.4
Transaction costs	—		—		(17.0	)
Change in valuation allowance	(0.1	)	(0.6	)	(0.9	)
Other permanent differences	(0.3	)	3.3		(5.8	)
Deferred rate impact of enactment of tax reform	(30.5	)	—		—
Tax impact of stock based compensation	(0.5	)	—		—
Impact of deemed repatriation	4.8		—		—
Return to actual adjustments	(1.5	)	1.0		(5.4	)
Effective tax rate	(3.4	)%	26.7	%	66.9	%

On December 22, 2017, the Tax Cuts and Jobs Act (the Act) was signed into law. The Act reduced our federal income tax statutory rate from 35.0% to 23.3% for the fiscal year ending October 31, 2018. Discrete items contributing to the income tax benefit 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 $0.2 million for the true up of our accruals and related deferred taxes from prior year filings and settled tax audits, and a benefit of $0.2 million 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 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 October 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 net benefit of $6.5 million. 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 repatriated $2.8 million of excess cash from our insulating glass spacer division in the United Kingdom during the twelve months ended October 31, 2018. This was repatriation of excess cash that was a portion of the one-time mandatory transition tax discussed above. Management has determined that the earnings of our foreign subsidiaries are not required as a source of funding for United States operations and we intend to indefinitely reinvest the funds at October 31, 2018 in our foreign jurisdictions. We will continue to evaluate our foreign cash position and may repatriate additional foreign earnings in the future. 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 previously unremitted foreign earnings. If the investment in our foreign subsidiaries were completely realized, we could incur an estimated residual United States tax liability of $0.1 million.

The decrease in the 2017 effective tax rate is due primarily to a greater proportion of United States taxable income in relation to foreign taxable income for the year. The United States tax rate is generally higher than the foreign tax rate. The effective rate is also lower due to a change over a period of three years in the deferred tax rate, primarily in the United Kingdom, from 19% to 17%. The foreign tax rate differential and the mix of earnings by jurisdiction also impacted the rate in 2016. The increase in the 2016 effective tax rate benefit was due primarily to a greater proportion of foreign taxable income in relation to United States taxable income for the year. The overall change in the 2016 effective rate was also impacted by transaction costs and a change in the deferred rate in the United Kingdom from 20% to 19%.

Significant components of our net deferred tax liabilities and assets were as follows:



	October 31,
	2018		2017
	(In thousands)
Deferred tax assets:
Employee benefit obligations	$	9,910	$	12,731
Accrued liabilities and reserves	1,609		2,409
Pension and other benefit obligations	1,872		2,968
Inventory	843		1,614
Loss and tax credit carry forwards	3,716		8,098
Other	119		194
Total gross deferred tax assets	18,069		28,014
Less: Valuation allowance	1,275		1,304
Total deferred tax assets, net of valuation allowance	16,794		26,710
Deferred tax liabilities:
Property, plant and equipment	10,577		16,128
Goodwill and intangibles	23,432		32,542
Total deferred tax liabilities	34,009		48,670

Net deferred tax liabilities	$	17,215	$	21,960

At October 31, 2018, state operating loss carry forwards totaled $41.8 million. The majority of these losses begin to expire in 2025. Tax credits available to offset future tax liabilities totaled $4.1 million and are expected to be utilized within the next twelve months. We evaluate tax benefits of operating losses and tax credit carry forwards on an ongoing basis, including a review of historical and projected future operating results, the eligible carry forward period and other circumstances. We have recorded a valuation allowance for certain state net operating losses as of October 31, 2018 and 2017, totaling $1.3 million ($0.6 million net of federal taxes) for the respective periods. In assessing the need for a valuation allowance, we consider both positive and negative evidence related to the likelihood of realization of the deferred tax assets.

The following table reconciles the change in the unrecognized income tax benefit associated with uncertain tax positions for the years ended October 31, 2018, 2017 and 2016 (in thousands):



	Unrecognized Income Tax Benefits
Balance at October 31, 2015	$	564
Additions for tax positions related to the current year	—
Additions for tax positions related to the prior year	15
Balance at October 31, 2016	$	579
Additions for tax positions related to the current year	—
Additions for tax positions related to the prior year	12
Balance at October 31, 2017	$	591
Additions for tax positions related to the current year	—
Additions for tax positions related to the prior year	15
Balance at October 31, 2018	$	606

As of October 31, 2018, our unrecognized tax benefit (UTB) relates to certain state tax items regarding the interpretation of tax laws and regulations. In January 2015, we reassessed our unrecognized tax benefit related to the 2008 spin-off of Quanex from a predecessor company and recognized the full benefit of the tax positions taken. This reduced the liability for uncertain tax positions by $4.1 million and increased deferred income taxes (non-current assets) by $6.8 million and resulted in a non-cash increase in retained earnings of $10.1 million, with an increase in income tax benefit of $0.8 million. At October 31, 2018, $0.6 million is recorded as a liability for uncertain tax positions. The disallowance of the UTB would not materially affect the annual effective tax rate.

We, along with our subsidiaries, file income tax returns in the United States and various state jurisdictions as well as in the United Kingdom, Germany and Canada. In certain jurisdictions the statute of limitations has not yet expired. We generally remain subject to examination of our United States income tax returns for 2015 and subsequent years. We generally remain subject to examination of our various state and foreign income tax returns for a period of four to five years from the date the return was filed. The state impact of any federal changes remains subject to examination by various states for a period of up to one year after formal notification to the state of the federal change.

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. We do not believe any of the UTB at October 31, 2018 will be recognized within the next twelve months.

The acquisition of Woodcraft in November 2015 established a net noncurrent deferred tax liability of $37.4 million primarily reflecting the book to tax basis difference in intangibles, fixed assets and inventory. The acquisition of Flamstead Holdings, Ltd in June 2015 established a noncurrent deferred tax liability of $13.2 million reflecting the book to tax basis difference in intangibles, fixed assets and inventory at the then current United Kingdom tax rate of 20%. The HLP noncurrent deferred tax liability has been subsequently adjusted to the expected rate of 17%.

Commitments and Contingencies

12 Months Ended

Oct. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

12. Commitments and Contingencies

Operating Leases and Purchase Obligations

We have operating leases for certain real estate and equipment used in our business. Rental expense for the years ended October 31, 2018, 2017 and 2016 was $9.5 million, $10.5 million and $10.3 million, respectively.

We are a party to non-cancelable purchase obligations primarily for door hardware, primary and secondary steel and primary and secondary aluminum used in our manufacturing processes, as well as expenditures related to capital projects in progress. We paid $5.2 million and $4.5 million pursuant to these arrangements for the years ended October 31, 2018 and 2017, respectively. These obligations total $16.7 million and $11.9 million at October 31, 2018 and 2017, respectively, and extend through fiscal 2018. Future amounts paid pursuant to these arrangements will depend, to some extent, on our usage.

The following table presents future minimum rental payments under operating leases with remaining terms in excess of one year at October 31, 2018 (in thousands):



	Operating Leases
2019	$	8,407
2020	6,776
2021	5,376
2022	4,528
2023	4,290
Thereafter	20,274
Total	$	49,651

Asset Retirement Obligation

We maintain an asset retirement obligation associated with a leased facility in Kent, Washington. We have estimated our future cash flows associated with this asset retirement obligation and recorded an asset and corresponding liability. We are depreciating the asset and accreting the liability over a seven year term, to culminate in an asset retirement obligation of $2.2 million as of February 2020.

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 2019. 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.

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 years ended October 31, 2018 and 2017, our insurance carrier reimbursed fees and expenses originally incurred as part of our defense of these various commercial sealant claims totaling $0.5 million and $4.0 million, respectively. 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

12 Months Ended

Oct. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

13. 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 and aluminum scrap prices. 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 payable balances that are denominated in currencies other than the United States Dollar, including the Euro, British Pound Sterling 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 consolidated statements of income (loss) for the years ended October 31, 2018, 2017 and 2016 were as follows (in thousands):



		Year Ended October 31,
Derivatives Not Designated as Hedging Instruments	Location of (Loss) or Gain:	2018			2017			2016
Foreign currency derivatives	Other, net	$	(11	)	$	(88	)	$	77

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 our accompanying 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 the years ended October 31, 2018 and 2017, and less than $0.1 million of fair value related to foreign currency derivatives was included in accrued liabilities as of October 31, 2017.

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



		Notional as indicated		Fair Value in $
		October 31, 2018	October 31, 2017	October 31, 2018		October 31, 2017
Foreign currency derivatives:
Buy EUR, Sell USD	EUR	455	1,271	$	1	$	24
Sell CAD, Buy USD	CAD	229	320	—		1
Sell GBP, Buy USD	GBP	22	75	—		—
Buy EUR, Sell GBP	EUR	34	30	—		(1		)
Buy USD, Sell EUR	USD	12	—	—		—

For the classification in the fair value hierarchy, see Note 14, "Fair Value Measurement of Assets and Liabilities", included herewith.

Fair Value Measurement of Assets and Liabilities

12 Months Ended

Oct. 31, 2018

Fair Value Disclosures [Abstract]

Fair Value Measurement of Assets and Liabilities

14. 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 participant assumptions 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 October 31, 2018 and 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 assets as of October 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.

As of October 31, 2018 and 2017, we had approximately $2.4 million of certain property, plant and equipment that was recorded at fair value on a non-recurring basis and classified as Level 3. 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 changes in interest rate risk. As a result, the fair value of our debt instruments approximates carrying value at October 31, 2018 and 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

12 Months Ended

Oct. 31, 2018

Share-based Compensation [Abstract]

Stock-Based Compensation

15. 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 the 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. Annually, pending approval by the Compensation & Management Development Committee of our Board of Directors in December, we grant a mix of 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 awards is entitled to all of the rights of a shareholder, except that the awards are 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 years ended October 31, 2018, 2017 and 2016, follows:



	Restricted Stock Awards		Weighted Average Grant Date Fair Value per Share
Non-vested at October 31, 2015	293,000		$	18.71
Granted	85,500		19.21
Vested	(102,000	)	17.84
Forfeited	(9,800	)	18.97
Non-vested at October 31, 2016	266,700		19.19
Granted	93,800		19.46
Vested	(73,100	)	17.67
Forfeited	(3,100	)	19.65
Non-vested at October 31, 2017	284,300		19.66
Granted	73,400		20.70
Vested	(111,800	)	20.16
Forfeited	(28,700	)	19.66
Non-vested at October 31, 2018	217,200		$	19.76

The total weighted average grant-date fair value of restricted stock awards that vested during the years ended October 31, 2018, 2017 and 2016 was $2.3 million, $1.3 million and $1.8 million, respectively. As of October 31, 2018, total unrecognized compensation cost related to unamortized restricted stock awards totaled $1.6 million. We expect to recognize this expense over the remaining weighted average period of 1.7 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 grant of stock options to non-employee directors. Additionally, stock options were not awarded during the year ended October 31, 2018. Key employee and 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.

We use the Black-Scholes pricing model to estimate the fair value of our stock options. A description of the methodology for the valuation assumptions follows:

•

Expected Volatility – For stock options granted prior to July 1, 2013, we used an estimate of the historical volatility of a selected peer group. Effective July 1, 2013, we determined that we had sufficient historical data to calculate the volatility of our common stock since our spin-off in April 2008. We believe there has been uncertainty in the United States equities market over the past several years and that uncertainty has contributed to volatility in equities in general. We expect this volatility to continue over the foreseeable future. Therefore, we believe that our historical volatility is a proxy for expected volatility. We have not excluded any of our historical data from the volatility calculation, and we are not aware of any specific significant factors which might impact our future volatility.

•

Expected Term – For stock options granted prior to July 1, 2013, we determined the expected term using historical information of our former parent company prior to the spin-off in 2008, with regards to option vesting, exercise behavior and contractual expiration, as we believed that this employee group was the most similar to our employee group. Separate groups of employees that have similar historical exercise behavior were considered separately. Effective July 1, 2013, we determined that we had sufficient historical data to estimate our expected term using our own data with regards to the exercise behavior, cancellations, retention patterns and remaining contractual terms. When analyzing these patterns and variables, we considered the stratification of the awards (large grants to relatively few employees versus smaller grants to many others), the age of certain employees with larger grants, the historical exercise behavior of the employee group, and fluctuations/volatility of our underlying common stock, as to whether the stock options are expected to be out-of-the-money. For our directors, stock options vested immediately, and, as such, the expected term approximated the contractual term, after adjusting for historical forfeitures. We believe our estimates are reasonable given these factors.


•	Risk-Free Rate – We base the risk-free rate on the yield at the date of grant of a zero-coupon United States Treasury bond whose maturity period equals the option’s expected term.


•	Expected Dividend Yield – We base the expected dividend yield on our historical dividend payment of approximately $0.16 per share.

The following table summarizes the assumptions used to estimate the fair value of our stock options granted during the years ended October 31, 2017 and 2016.



	Year Ended October 31,
	2017	2016
Weighted-average expected volatility	34.7%	37.1%
Weighted-average expected term (in years)	5.7	5.4
Risk-free interest rate	2.0%	1.7%
Expected dividend yield over expected term	1.0%	1.0%
Weighted average grant date fair value	$6.25	$6.32

The following table summarizes our stock option activity for the years ended October 31, 2018, 2017 and 2016.



	Stock Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (000s)
Outstanding at October 31, 2015	2,352,188		$	16.46	5.4	$	6,672
Granted	297,900		19.23
Exercised	(221,850	)	15.43
Forfeited/Expired	(42,018	)	19.78
Outstanding at October 31, 2016	2,386,220		16.84		5.1	$	2,384
Granted	292,600		19.45
Exercised	(507,660	)	15.67
Forfeited/Expired	(18,402	)	19.90
Outstanding at October 31, 2017	2,152,758		17.44		5.2	$	9,700
Granted	—		—
Exercised	(377,218	)	12.58
Forfeited/Expired	(21,884	)	19.28
Outstanding at October 31, 2018	1,753,656		18.47		5.0	$	51
Vested or expected to vest at October 31, 2018	1,753,656		18.47		5.0	$	51
Exercisable at October 31, 2018	1,477,746		$	18.30	4.4	$	51

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. For the years ended October 31, 2018, 2017 and 2016, the total intrinsic value of our stock options that were exercised totaled $2.9 million, $3.1 million and $1.0 million, respectively. The total fair value of stock options vested during the years ended October 31, 2018, 2017 and 2016, was $1.5 million, $1.8 million and $1.9 million, respectively. As of October 31, 2018, total unrecognized compensation cost related to stock options was $0.2 million. We expect to recognize this expense over the remaining weighted average vesting period of 1.0 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 vesting 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.

During the years ended October 31, 2018, 2017 and 2016, 18,050, 24,560 and 20,445 restricted stock units, respectively, were granted and immediately vested with corresponding weighted average grant date fair value of $21.85, $15.65 and $19.56, respectively. As of October 31, 2018, 2017 and 2016, there were no non-vested restricted stock units. We did not make any payments to settle restricted stock units during the years ended October 31, 2018, 2017 and 2016.

Performance Share Awards

We have granted performance share awards to key employees and officers annually in December. In addition, we awarded performance shares in January 2016 to a new officer. These awards cliff vest after a three-year period with service and performance measures such as relative total shareholder return (R-TSR) and earnings per share (EPS) growth as vesting conditions. The number of performance share awards earned is variable depending on the metrics achieved. The settlement method is 50% in cash and 50% in our common stock.

To account for the performance share 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 will be 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 will be recorded as a liability and will be marked to market over the three-year term of the award, and could 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		Forfeited
December 2, 2015	158,100	$	19.31	$	23.72	18,936
January 25, 2016	4,300	17.46		26.65		—
November 30, 2016	186,500	19.45		26.61		17,940
December 7, 2017	146,500	$	20.70	$	21.81	12,848

On December 3, 2017, 123,600 shares vested pursuant to the December 2013 grant, resulting in the issuance of 25,340 shares of common stock and a cash payment of $0.6 million. The November 2016 grant includes 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 year ended October 31, 2018, we recorded a decrease in compensation expense of $0.9 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. For the years ended October 31, 2017 and 2016, we recorded $3.0 million and $2.7 million of compensation expense related to these 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.

Performance shares 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. We evaluate the probability of the performance share vesting within one year of the vesting date. As of October 31, 2018, we have deemed no performance share awards to vest from our December 2, 2015 performance share award. For the years ended October 31, 2017 and 2016, there were 25,338 and 67,550 shares, respectively, related to performance shares that were potentially dilutive and considered in the diluted weighted average shares calculations. No contingent shares related to performance shares are included in diluted weighted average shares for the year ended October 31, 2018.

Performance Restricted Stock Units

We awarded performance restricted stock 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 performance restricted stock units 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 performance restricted stock units, 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 Absolute Total Shareholder Return (A-TSR) milestones:



Vesting Level	Vesting Criteria	Percentage of Award Vested
Level 1	A-TSR greater than or equal to 50%	150%
Level 2	A-TSR less than 50% and greater than or equal to 20%	100%
Level 3	A-TSR less than 20% and greater than or equal to -20%	50%
Level 4	A-TSR less than -20%	—%

On December 7, 2017, we awarded 78,200 performance restricted stock units with a grant date fair value of $17.76 per share. During the year ended October 31, 2018, 6,889 of the performance restricted stock units were forfeited.

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.

The following table summarizes amounts expensed as selling, general and administrative expense related to restricted stock awards, stock options, restricted stock units, performance share awards and performance restricted stock units for the years ended October 31, 2018, 2017 and 2016 (in thousands):



	Year Ended October 31,
	2018			2017		2016
Restricted stock awards	$	1,462		$	1,810	$	1,911
Stock options	467			1,820		2,486
Restricted stock units	(364		)	855		161
Performance share awards	(944		)	3,001		2,703
Performance restricted stock units	401			—		—
Total compensation expense	1,022			7,486		7,261
Income tax effect	(35		)	1,999		4,858
Net compensation expense	$	1,057		$	5,487	$	2,403

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Oct. 31, 2018
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity	16. Stockholders' Equity As of October 31, 2018, our authorized capital stock consists of 125,000,000 shares of common stock, at par value of $0.01 per share, and 1,000,000 shares of preferred stock, with no par value. As of October 31, 2018 and 2017, we had 37,433,817 and 37,508,877 shares of common stock issued, respectively, and 33,339,032 and 34,838,134 shares of common stock outstanding, respectively. There were no shares of preferred stock issued or outstanding at October 31, 2018 and 2017. Stock Repurchase Program and Treasury Stock On August 30, 2018, our Board of Directors approved a stock repurchase program that authorized the repurchase of up to $60.0 million worth of shares of our common stock. Repurchases under the new program will be made in open market transactions or privately negotiated transactions, subject to market conditions, applicable legal requirements and other relevant factors. The program does not have an expiration date or a limit on the number of shares that may be purchased. During the year ended October 31, 2018, we purchased 1,900,000 shares at a cost of $32.0 million under this program. 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, 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 $2.1 million and $1.5 million in the years ended October 31, 2018 and 2017, respectively. For a summary of treasury stock activity for the years ended October 31, 2018, 2017 and 2016, refer to the Consolidated Statement of Stockholders' Equity located elsewhere herein.

Other Income (Expense)

12 Months Ended

Oct. 31, 2018

Other Income and Expenses [Abstract]

Other Income (Expense)

17. Other Income (Expense)

Other income (expense) included under the caption "Other, net" on the accompanying consolidated statements of income (loss), consisted of the following (in thousands):



	Year Ended October 31,
	2018			2017			2016
Foreign currency transaction gains (losses)	$	113		$	713		$	(5,457	)
Foreign currency exchange derivative (losses) gains	(11		)	(88		)	77
Interest income	69			86			106
Other	7			19			(205		)
Other income (expense)	$	178		$	730		$	(5,479	)

Segment Information

12 Months Ended

Oct. 31, 2018

Segment Reporting [Abstract]

Segment Information

18. Segment Information

We present three reportable business segments: (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 Woodcraft and two wood manufacturing plants. We maintain a grouping called Unallocated Corporate & Other, which includes 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, and beginning in 2018, executive incentive compensation and medical expense fluctuations relative to planned costs as determined during the annual planning process. Other general and administrative costs associated with the corporate office are allocated to the reportable segments, based upon a relative measure of profitability in order to more accurately reflect each reportable business segment's administrative costs. We allocate corporate expenses to businesses acquired mid-year from the date of acquisition. The accounting policies of our operating segments are the same as those used to prepare the accompanying consolidated financial statements. Corporate general and administrative expenses allocated during the years ended October 31, 2018, 2017 and 2016 were $18.7 million, $17.0 million and $19.1 million, respectively.

ASC Topic 280-10-50, “Segment Reporting” (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 years ended October 31, 2018, 2017 and 2016 was as follows (in thousands):



	NA Eng. Comp.		EU Eng. Comp.		NA Cabinet Comp.		Unallocated Corp. & Other			Total
Year Ended October 31, 2018
Net sales	$	485,366	$	159,973	$	249,813	$	(5,367	)	$	889,785
Depreciation and amortization	27,248		9,607		14,401		566			51,822
Operating income (loss)	31,484		12,702		3,248		(11,059		)	36,375
Capital expenditures	13,929		5,450		6,965		140			26,484
Total assets	$	239,915	$	214,704	$	272,313	$	14,917		$	741,849
Year Ended October 31, 2017
Net sales	$	474,878	$	147,963	$	248,808	$	(5,094	)	$	866,555
Depreciation and amortization	34,308		8,833		13,811		543			57,495
Operating income (loss)	26,311		13,673		4,128		(9,745		)	34,367
Capital expenditures	18,822		7,841		7,349		552			34,564
Total assets	$	258,315	$	219,622	$	285,457	$	10,485		$	773,879
Year Ended October 31, 2016
Net sales	$	538,249	$	150,203	$	248,119	$	(8,387	)	$	928,184
Depreciation and amortization	29,793		9,339		13,453		561			53,146
Operating income (loss)	34,229		13,225		5,475		(16,576		)	36,353
Capital expenditures	$	22,114	$	6,141	$	8,709	$	279		$	37,243

The following table summarizes the change in the carrying amount of goodwill by segment for the years ended October 31, 2018 and 2017 (in thousands):



	NA Eng. Comp.		EU Eng. Comp.			NA Cabinet Comp.		Unallocated Corp. & Other		Total
Balance as of October 31, 2016	$	38,712	$	64,576		$	113,747	$	—	$	217,035
Foreign currency translation adjustment	—		5,159			—		—		5,159
Balance as of October 31, 2017	$	38,712	$	69,735		$	113,747	$	—	$	222,194
Foreign currency translation adjustment	—		(2,567		)	—		—		(2,567		)
Balance as of October 31, 2018	$	38,712	$	67,168		$	113,747	$	—	$	219,627

For further details of Goodwill, see Note 6, "Goodwill & Intangible Assets", located herewith.

We did not allocate non-operating expense or income tax expense to the reportable segments. The following table reconciles operating income (loss) as reported above to net income (loss) for the years ended October 31, 2018, 2017 and 2016:



	Year Ended October 31,
	2018			2017			2016
	(in thousands)
Operating income	$	36,375		$	34,367		$	36,353
Interest expense	(11,100		)	(9,595		)	(36,498		)
Other, net	178			730			(5,479		)
Income tax benefit (expense)	875			(6,819		)	3,765
Income (loss) from continuing operations	$	26,328		$	18,683		$	(1,859	)

Geographic Information

Our manufacturing facilities and all long-lived assets are located in the United States, United Kingdom and Germany. We attribute our net sales to a geographic region based on the location of the customer. The following tables provide information concerning our net sales for the years ended October 31, 2018, 2017 and 2016, and our long-lived assets as of October 31, 2018 and 2017 (in thousands):



	Year Ended October 31,
Net Sales:	2018		2017		2016
United States	$	676,776	$	667,063	$	724,045
Europe	159,652		148,370		150,710
Canada	23,610		24,442		24,141
Asia	18,584		17,028		20,404
Other foreign countries	11,163		9,652		8,884
Total net sales	$	889,785	$	866,555	$	928,184



	Year Ended October 31,
Long-lived assets, net	2018		2017
United States	$	384,595	$	404,732
Germany	16,507		20,052
United Kingdom	141,814		148,319
Total long-lived assets, net	$	542,916	$	573,103

Long-lived assets, net includes: property, plant and equipment, net; goodwill; and intangible assets, net.

Product Sales

We produce a wide variety of products that are used in the fenestration industry, including 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 years ended October 31, 2018, 2017 and 2016 into general groupings to provide additional information to our shareholders.



	Year Ended October 31,
	2018			2017			2016
	(in thousands)
NA Engineered Components:
United States - fenestration	$	412,000		$	399,694		$	444,571
International - fenestration	39,309			34,279			38,439
United States - non-fenestration	18,211			25,263			36,986
International - non-fenestration	15,846			15,642			18,253
	$	485,366		$	474,878		$	538,249
EU Engineered Components:
United States - fenestration	$	—		$	303		$	412
International - fenestration	135,415			129,140			134,631
International - non-fenestration	24,558			18,520			15,160
	$	159,973		$	147,963		$	150,203
NA Cabinet Components:
United States - fenestration	$	14,596		$	17,083		$	21,779
United States - non-fenestration	232,990			229,550			223,664
International - non-fenestration	2,227			2,175			2,676
	$	249,813		$	248,808		$	248,119
Unallocated Corporate & Other
Eliminations	$	(5,367	)	$	(5,094	)	$	(8,387	)
	$	(5,367	)	$	(5,094	)	$	(8,387	)
Net sales	$	889,785		$	866,555		$	928,184

Earnings Per Share

12 Months Ended

Oct. 31, 2018

Earnings Per Share [Abstract]

Earnings Per Share

19. Earnings (Loss) 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.

The computation of basic and diluted earnings per share for the years ended October 31, 2018 and 2017 follows (in thousands, except per share data):



	Year Ended October 31, 2018					Year Ended October 31, 2017
	Net Income from Continuing Operations		Weighted Average Shares	Per Share		Net Income from Continuing Operations		Weighted Average Shares	Per Share
Basic earnings per common share	$	26,328	34,701	$	0.76	$	18,683	34,230	$	0.55
Effect of dilutive securities:
Stock options	—		198			—		446
Restricted stock	—		126			—		138
Performance shares	—		—			—		23
Diluted earnings per common share	$	26,328	35,025	$	0.75	$	18,683	34,837	$	0.54

Basic and diluted loss per share was $0.05 for the twelve months ended October 31, 2016. The computation of diluted earnings per share excludes outstanding stock options and other common stock equivalents when their inclusion would be anti-dilutive. During the twelve-month period ended October 31, 2016, 378,542 shares of common stock equivalents, 152,227 shares of restricted stock and 67,550 contingent shares related to performance share awards and performance restricted stock units were excluded from the computation of diluted earnings per share.

For the years ended October 31, 2018, 2017 and 2016, we had 1,000,356, 686,650; and 807,372 securities, respectively, that were potentially dilutive in future earnings per share calculations. 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.

Unaudited Quarterly Data

12 Months Ended

Oct. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Unaudited Quarterly Data

Selected quarterly financial data for the years ended October 31, 2018 and 2017 was as follows (amounts in thousands, except per share amounts):



For the Quarter Ended	January 31, 2018			April 30, 2018		July 31, 2018		October 31, 2018
Net sales	$	191,666		$	214,212	$	239,821	$	244,086
Cost of sales (excluding depreciation and amortization)	154,440			168,741		185,610		187,776
Depreciation and amortization	13,273			13,310		12,691		12,548
Operating (loss) income	(489		)	8,136		17,087		11,641
Net income	$	4,947		$	4,136	$	10,753	$	6,492
Basic earnings per share	0.14			0.12		0.31		0.19
Diluted earnings per share	0.14			0.12		0.31		0.19
Cash dividends paid per common share	$	0.04		$	0.04	$	0.04	$	0.08



For the Quarter Ended	January 31, 2017			April 30, 2017		July 31, 2017		October 31, 2017
Net sales	$	195,096		$	209,133	$	229,367	$	232,959
Cost of sales (excluding depreciation and amortization)	154,947			162,132		176,758		178,325
Depreciation and amortization	15,406			14,380		13,915		13,794
Operating (loss) income	(3,841		)	4,625		17,352		16,231
Net (loss) income	$	(3,726	)	$	1,462	$	10,215	$	10,732
Basic (loss) earnings per share	(0.11		)	0.04		0.30		0.31
Diluted (loss) earnings per share	(0.11		)	0.04		0.29		0.31
Cash dividends paid per common share	$	0.04		$	0.04	$	0.04	$	0.04

Quarterly earnings (loss) per share results may not sum to the consolidated earnings per share results on the accompanying consolidated statements of income (loss) due to rounding and changes in weighted average shares during the respective periods.

New Accounting Guidance Adopted

12 Months Ended

Oct. 31, 2018

Accounting Changes and Error Corrections [Abstract]

New Accounting Guidance Adopted

21. New Accounting Guidance Adopted

In February 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (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.

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 $0.2 million and $0.1 million for the years ended October 31, 2017 and 2016, respectively;

•

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 and $0.8 million for the years ended October 31, 2017 and 2016, respectively;


•	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 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842): Amendments to the Accounting Standards Codification. These amendments replace current guidance and require the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous U.S. GAAP. The amendments apply to any entity that enters into leasing arrangements. This guidance becomes effective for fiscal years beginning after December 15, 2018, and, therefore, we will adopt this pronouncement in fiscal 2020. We are currently evaluating the impact of this pronouncement on our consolidated financial statements.

In July 2015, the FASB issued 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 May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers, which supersedes and replaces existing revenue recognition guidance, including industry specific guidance. This guidance prescribes a principles-based approach to revenue recognition under which revenue is recognized as goods and services are transferred to the customer in the amount the entity expects to be entitled to in exchange for those goods or services. In addition, this guidance requires additional disclosures regarding the nature, amount, timing and uncertainty of revenue from contracts with customers. We will adopt this guidance as of November 1, 2018 using the modified retrospective approach with a cumulative adjustment to retained earnings.

As of October 31, 2018, we have completed the evaluation of our revenue streams and have reviewed samples of customer contracts that we believe fairly represent contract traits that could be accounted for differently under amended guidance. We have evaluated the potential impact of the new revenue standard on each of the selected contracts including: (i) estimating the contract consideration under the new standard, (ii) identifying the performance obligations within the customer contracts, (iii) calculating the anticipated allocation of contract consideration to each performance obligation, (iv) determining the timing of revenue recognition for each performance obligation, and (v) determining the classification of the contract revenue for disclosure purposes. Based on the contract reviews and evaluations performed to date, we do not anticipate any material impacts from implementing the amended guidance.

Nature of Operations and Basis of Presentation Organization, Consolidation and Presentation of Financial Statements (Policies)

12 Months Ended

Oct. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Accounting, Policy

Basis of Presentation and Principles of Consolidation

Use of Estimates, Policy

Use of Estimates

A summary of our significant accounting policies consistently applied in the preparation of the accompanying consolidated financial statements follows:

Revenue Recognition, Deferred Revenue

Revenue Recognition

Cash and Cash Equivalents, Policy

Cash and Cash Equivalents

Concentration Credit Risk and Allowance Policy

Concentration of Credit Risk and Allowance for Doubtful Accounts

Business Combinations Policy

Business Combinations

Inventory, Policy

Inventory

Impairment or Disposal of Long-Lived Assets, Policy

Long-Lived Assets

Property, Plant and Equipment and Intangible Assets with Defined Lives

The estimated useful lives of our primary asset categories at October 31, 2018 were as follows:



	Useful Life (in Years)
Land improvements	7 to 25
Buildings	25 to 40
Building improvements	5 to 20
Machinery and equipment	2 to 15

Leasehold improvements are depreciated over the shorter of their estimated useful lives or the term of the lease.

Goodwill

Liability Reserve Estimate, Policy

Insurance

Pension and Other Postretirement Plans, Pensions, Policy

Retirement Plans

Standard Product Warranty, Policy

Warranty Obligations

Income Tax, Policy

Income Taxes

Derivatives, Policy

Derivative Instruments

Foreign Currency Transactions and Translations Policy

Foreign Currency Translation

Share-based Compensation, Option and Incentive Plans Policy

Stock–Based Compensation

Stockholders' Equity, Policy

Treasury Stock

Earnings Per Share, Policy

Earnings per Share Data

Discontinued Operations, Policy

Subsequent Events, Policy

Subsequent Events

We have evaluated events occurring after the balance sheet date for possible disclosure as a subsequent event through the date the financial statements were issued.

Nature of Operations and Basis of Presentation (Tables)

12 Months Ended

Oct. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Property Assets Useful Life

The estimated useful lives of our primary asset categories at October 31, 2018 were as follows:



	Useful Life (in Years)
Land improvements	7 to 25
Buildings	25 to 40
Building improvements	5 to 20
Machinery and equipment	2 to 15

Cash Flow, Supplemental Disclosures

The following table summarizes our supplemental cash flow information for the years ended October 31, 2018, 2017 and 2016:



	Year Ended October 31,
	2018		2017		2016
	(In thousands)
Cash paid for interest	$	7,890	$	9,019	$	14,594
Cash paid for income taxes	4,217		3,334		3,004
Cash received for income tax refunds	95		1,167		1,949
Noncash investing and financing activities:
Investment in capital leases	799		16,846		—
Increase (decrease) in capitalized expenditures in accounts payable and accrued liabilities	264		392		(32		)
Debt discount on Term Loan B	—		—		6,200

Acquisitions (Tables)

12 Months Ended

Oct. 31, 2018

Woodcraft

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]



	As of Date of Opening Balance Sheet
	(In thousands)
Net assets acquired:
Accounts receivable	$	23,944
Inventory	29,552
Prepaid and other current assets	4,081
Property, plant and equipment	63,154
Goodwill	113,747
Intangible assets	62,900
Other non-current assets	24
Accounts payable	(4,620		)
Accrued expenses	(9,492		)
Deferred income tax liabilities, net	(37,386		)
Net assets acquired	$	245,904
Consideration:
Cash, net of cash and cash equivalents acquired	$	245,904

Receivables & Allowance (Tables)

12 Months Ended

Oct. 31, 2018

Receivables [Abstract]

Accounts Receivable

Accounts receivable consisted of the following as of October 31, 2018 and 2017:



	October 31,
	2018		2017
	(In thousands)
Trade receivables	$	83,828	$	79,221
Other	511		523
Total	$	84,339	$	79,744
Less: Allowance for doubtful accounts	325		333
Accounts receivable, net	$	84,014	$	79,411

Change in Allowance for Doubtful Accounts

The changes in our allowance for doubtful accounts were as follows:



	Year Ended October 31,
	2018			2017			2016
	(In thousands)
Beginning balance as of November 1, 2017, 2016 and 2015, respectively	$	333		$	251		$	673
Bad debt expense (benefit)	46			131			(67		)
Amounts written off	(54		)	(49		)	(371		)
Recoveries	—			—			16
Balance as of October 31,	$	325		$	333		$	251

Inventories (Tables)

12 Months Ended

Oct. 31, 2018

Inventory Disclosure [Abstract]

Inventories

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



	October 31,
	2018		2017
	(In thousands)
Raw materials	$	41,584	$	50,472
Finished goods and work in process	31,727		40,087
Supplies and other	1,794		2,655
Total	$	75,105	$	93,214
Less: Inventory reserves	5,740		5,685
Inventories, net	$	69,365	$	87,529

Inventory Reserve Rollforward

The changes in our inventory reserve accounts were as follows for the years ended October 31, 2018, 2017 and 2016:



	Year Ended October 31,
	2018			2017			2016
	(In thousands)
Beginning balance as of November 1, 2017, 2016 and 2015, respectively	$	5,685		$	4,994		$	8,106
Charged to cost of sales	1,501			1,296			8
Write-offs	(1,415		)	(661		)	(3,048		)
Other	(31		)	56			(72		)
Balance as of October 31,	$	5,740		$	5,685		$	4,994

Values of Inventories

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



	October 31,
	2018		2017
	(In thousands)
LIFO	$	4,273	$	4,444
FIFO	65,092		83,085
Total	$	69,365	$	87,529

Property, Plant & and Equipment (Tables)

12 Months Ended

Oct. 31, 2018

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment consisted of the following at October 31, 2018 and 2017:



	October 31,
	2018		2017
	(In thousands)
Land and land improvements	$	10,366	$	10,491
Buildings and building improvements	98,212		96,622
Machinery and equipment	371,106		354,197
Construction in progress	10,293		13,868
Property, plant and equipment, gross	489,977		475,178
Less: Accumulated depreciation	288,607		264,047
Property, plant and equipment, net	$	201,370	$	211,131

Goodwill and Intangible Assets (Tables)

12 Months Ended

Oct. 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 years ended October 31, 2018 and 2017 was as follows:



	Year Ended October 31,
	2018			2017
	(In thousands)
Beginning balance as of November 1, 2017 and 2016	$	222,194		$	217,035
Foreign currency translation adjustment	(2,567		)	5,159
Balance as of October 31,	$	219,627		$	222,194

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

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



	October 31, 2018	October 31, 2018				October 31, 2017
	Remaining Weighted Average Useful Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
		(In thousands)
Customer relationships	11 years	$	153,704	$	59,332	$	155,230	$	48,479
Trademarks and trade names	11 years	55,583		32,668		56,058		29,509
Patents and other technology	3 years	22,278		17,646		22,624		16,146
Total		$	231,565	$	109,646	$	233,912	$	94,134

Estimated Amortization Expense Related to Intangible Assets

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



	Estimated Amortization Expense
2019	$	15,282
2020	14,226
2021	12,506
2022	11,883
2023	11,136
Thereafter	56,886
Total	$	121,919

Accrued Liabilities (Tables)

12 Months Ended

Oct. 31, 2018

Accrued Liabilities [Abstract]

Accrued Liabilities

Accrued liabilities consisted of the following at October 31, 2018 and 2017:



	October 31,
	2018		2017
	(In thousands)
Payroll, payroll taxes and employee benefits	$	28,202	$	16,733
Accrued insurance and workers compensation	3,095		3,591
Sales allowances	6,514		9,070
Deferred compensation (current portion)	153		669
Deferred revenue	287		625
Warranties	148		168
Audit, legal, and other professional fees	2,170		2,096
Accrued taxes	2,286		2,656
Other	3,113		3,263
Accrued liabilities	$	45,968	$	38,871

Debt and Capital Lease Obligations (Tables)

12 Months Ended

Oct. 31, 2018

Debt Disclosure [Abstract]

Debt & Capital Lease Obligations

Long-term debt consisted of the following at October 31, 2018 and 2017:



	October 31,
	2018			2017
	(In thousands)
Revolving Credit Facility	$	195,000		$	84,000
Term Loan A	—			138,750
Capital lease obligations	17,043			18,764
Unamortized deferred financing fees	$	(1,487	)	$	(2,088	)
Total debt	$	210,556		$	239,426
Less: Current maturities of long-term debt	1,224			21,242
Long-term debt	$	209,332		$	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
Closing Date through January 30, 2017		3.50 to 1.00
January 31, 2017 through January 30, 2018		3.25 to 1.00
January 31, 2018 and thereafter		3.00 to 1.00

Schedule of Maturities of Long-term Debt

The table below presents the scheduled maturity dates of our long-term debt outstanding (excluding deferred loan costs of $1.5 million) at October 31, 2018 (in thousands):



	Revolving Credit Facility		Capital Leases and Other Obligations		Aggregate Maturities
2019	$	—	$	1,523	$	1,523
2020	—		1,076		1,076
2021	—		884		884
2022	—		876		876
2023	195,000		807		195,807
Thereafter	—		11,877		11,877
Total	$	195,000	$	17,043	$	212,043

Retirement Plans (Tables)

12 Months Ended

Oct. 31, 2018

Retirement Benefits [Abstract]

Funded Status and Net periodic Benefit Cost

The changes in benefit obligations and plan assets, and our funded status (reported in deferred pension and postretirement benefits on the consolidated balance sheets) were as follows:



	October 31,
	2018			2017
Change in Benefit Obligation:	(In thousands)
Beginning balance as of November 1, 2017 and 2016, respectively	$	38,323		$	36,892
Service cost	3,908			3,794
Interest cost	1,130			859
Actuarial gain	(4,296		)	(318		)
Benefits paid	(2,551		)	(2,263		)
Administrative expenses	(555		)	(641		)
Projected benefit obligation at October 31,	$	35,959		$	38,323
Change in Plan Assets:
Beginning balance as of November 1, 2017 and 2016, respectively	$	34,340		$	29,210
Actual return on plan assets	66			4,434
Employer contributions	764			3,600
Benefits paid	(2,551		)	(2,263		)
Administrative expenses	(555		)	(641		)
Fair value of plan assets at October 31,	$	32,064		$	34,340
Non current liability - Funded Status	$	(3,895	)	$	(3,983	)

Net Periodic Pension Cost

The net periodic benefit cost for the years ended October 31, 2018, 2017 and 2016, was as follows:



	Year Ended October 31,
	2018			2017			2016
	(In thousands)
Service cost	$	3,908		$	3,794		$	3,712
Interest cost	1,130			859			828
Expected return on plan assets	(2,172		)	(1,863		)	(1,617		)
Amortization of net loss	64			574			384
Net periodic benefit cost	$	2,930		$	3,364		$	3,307

Amounts Recognized in Other Comprehensive Income (Loss)

The changes in plan assets and projected benefit obligations which were recognized in our other comprehensive loss for the years ended October 31, 2018, 2017 and 2016 were as follows:



	Year Ended October 31,
	2018			2017			2016
	(In thousands)
Net (gain) loss arising during the period	$	(2,189	)	$	(2,888	)	$	3,556
Less: Amortization of net loss	$	64		$	574		$	384
Total recognized in other comprehensive loss	$	(2,253	)	$	(3,462	)	$	3,172

Assumptions Used in Benefit Calculations

The following table presents our assumptions for pension benefit calculations for the years ended October 31, 2018, 2017 and 2016:



	For the Year Ended October 31,
	2018	2017	2016	2018	2017	2016
Weighted Average Assumptions:	Benefit Obligation			Net Periodic Benefit Cost
Discount rate	4.44%	3.68%	3.41%	4.44%	3.66%	3.92%
Rate of compensation increase	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%
Expected return on plan assets	n/a	n/a	n/a	6.50%	6.50%	6.50%

Allocation and Fair Value of Pension Assets



	Target Allocation		Actual Allocation
	October 31, 2018		October 31, 2018		October 31, 2017
Equity securities	60.0	%	61.0	%	60.0	%
Fixed income	40.0	%	39.0	%	40.0	%



	Fair Value Measurements at
	October 31, 2018		October 31, 2017
	(In thousands)
Money market fund	$	597	$	204

Large capitalization	$	8,362	$	10,972
Small capitalization	2,559		4,102
International equity	6,385		3,756
Other	1,913		1,695
Equity securities	$	19,219	$	20,525

High-quality core bond	$	9,736	$	6,801
High-quality government bond	1,251		3,407
High-yield bond	1,261		3,403
Fixed income	$	12,248	$	13,611
Total securities⁽¹⁾	$	32,064	$	34,340

Expected Benefit Payments



	Pension Benefits
2019	$	2,488
2020	2,516
2021	2,724
2022	2,898
2023	3,031
2024 - 2028	16,304
Total	$	29,961

Amounts Recognized in Balance Sheet

The table below indicates the amount of these liabilities included in the accompanying consolidated balance sheets:



	October 31, 2018		October 31, 2017
	(In thousands)
Accrued liabilities	$	49	$	49
Deferred pension and postretirement benefits	323		450
Total	$	372	$	499

Warranty Obligations (Tables)

12 Months Ended

Oct. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Reconciliation of Activity Related to Accrued Warranty



	Year Ended October 31,
	2018			2017
	(In thousands)
Beginning balance as of November 1, 2017, and 2016, respectively	$	323		$	446
Provision for warranty expense	4			41
Change in accrual for preexisting warranties	(16		)	(121		)
Warranty costs paid	(16		)	(43		)
Total accrued warranty	$	295		$	323
Less: Current portion of accrued warranty	148			168
Long-term portion at October 31,	$	147		$	155

Income Tax (Tables)

12 Months Ended

Oct. 31, 2018

Income Tax Disclosure [Abstract]

Components of Income Tax Expense (Benefit)

The following table summarizes the components of income tax (benefit) expense from continuing operations for the years ended October 31, 2018, 2017 and 2016:



	Year Ended October 31,
	2018			2017			2016
	(In thousands)
Current
Federal	$	983		$	1,991		$	1,309
State and local	417			873			154
Non-United States	3,356			4,067			3,241
Total current	4,756			6,931			4,704
Deferred
Federal	(5,903		)	1,860			(5,932		)
State and local	670			(450		)	(712		)
Non-United States	(398		)	(1,522		)	(1,825		)
Total deferred	(5,631		)	(112		)	(8,469		)
Total income tax (benefit) expense	$	(875	)	$	6,819		$	(3,765	)

Effective Income Tax Rate

The following table reconciles our effective income tax rate to the federal statutory rate for the years ended October 31, 2018, 2017 and 2016:



	Year Ended October 31,
	2018		2017		2016
United States tax at statutory rate	23.3	%	35.0	%	35.0	%
State and local income tax	3.4		1.7		7.4
Non-United States income tax	(1.6	)	(9.1	)	32.0
Deferred rate impact	—		(4.1	)	15.2
General business credits	(0.4	)	(0.5	)	6.4
Transaction costs	—		—		(17.0	)
Change in valuation allowance	(0.1	)	(0.6	)	(0.9	)
Other permanent differences	(0.3	)	3.3		(5.8	)
Deferred rate impact of enactment of tax reform	(30.5	)	—		—
Tax impact of stock based compensation	(0.5	)	—		—
Impact of deemed repatriation	4.8		—		—
Return to actual adjustments	(1.5	)	1.0		(5.4	)
Effective tax rate	(3.4	)%	26.7	%	66.9	%

Deferred Tax Assets and Liabilities

Significant components of our net deferred tax liabilities and assets were as follows:



	October 31,
	2018		2017
	(In thousands)
Deferred tax assets:
Employee benefit obligations	$	9,910	$	12,731
Accrued liabilities and reserves	1,609		2,409
Pension and other benefit obligations	1,872		2,968
Inventory	843		1,614
Loss and tax credit carry forwards	3,716		8,098
Other	119		194
Total gross deferred tax assets	18,069		28,014
Less: Valuation allowance	1,275		1,304
Total deferred tax assets, net of valuation allowance	16,794		26,710
Deferred tax liabilities:
Property, plant and equipment	10,577		16,128
Goodwill and intangibles	23,432		32,542
Total deferred tax liabilities	34,009		48,670

Net deferred tax liabilities	$	17,215	$	21,960

Unrecognized Tax Benefits

The following table reconciles the change in the unrecognized income tax benefit associated with uncertain tax positions for the years ended October 31, 2018, 2017 and 2016 (in thousands):



	Unrecognized Income Tax Benefits
Balance at October 31, 2015	$	564
Additions for tax positions related to the current year	—
Additions for tax positions related to the prior year	15
Balance at October 31, 2016	$	579
Additions for tax positions related to the current year	—
Additions for tax positions related to the prior year	12
Balance at October 31, 2017	$	591
Additions for tax positions related to the current year	—
Additions for tax positions related to the prior year	15
Balance at October 31, 2018	$	606

Commitments and Contingencies (Tables)

12 Months Ended

Oct. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Operating Leases of Lessee Disclosure

The following table presents future minimum rental payments under operating leases with remaining terms in excess of one year at October 31, 2018 (in thousands):



	Operating Leases
2019	$	8,407
2020	6,776
2021	5,376
2022	4,528
2023	4,290
Thereafter	20,274
Total	$	49,651

Derivative Instruments (Tables)

12 Months Ended

Oct. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Location in Financial Performance and Financial Position



		Year Ended October 31,
Derivatives Not Designated as Hedging Instruments	Location of (Loss) or Gain:	2018			2017			2016
Foreign currency derivatives	Other, net	$	(11	)	$	(88	)	$	77

Schedule of Notional Amounts of Oustanding Derivative Positions

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



		Notional as indicated		Fair Value in $
		October 31, 2018	October 31, 2017	October 31, 2018		October 31, 2017
Foreign currency derivatives:
Buy EUR, Sell USD	EUR	455	1,271	$	1	$	24
Sell CAD, Buy USD	CAD	229	320	—		1
Sell GBP, Buy USD	GBP	22	75	—		—
Buy EUR, Sell GBP	EUR	34	30	—		(1		)
Buy USD, Sell EUR	USD	12	—	—		—

Stock-Based Compensation (Tables)

12 Months Ended

Oct. 31, 2018

Share-based Compensation [Abstract]

Schedule of Nonvested Restricted Share Activity

A summary of non-vested restricted stock awards activity during the years ended October 31, 2018, 2017 and 2016, follows:



	Restricted Stock Awards		Weighted Average Grant Date Fair Value per Share
Non-vested at October 31, 2015	293,000		$	18.71
Granted	85,500		19.21
Vested	(102,000	)	17.84
Forfeited	(9,800	)	18.97
Non-vested at October 31, 2016	266,700		19.19
Granted	93,800		19.46
Vested	(73,100	)	17.67
Forfeited	(3,100	)	19.65
Non-vested at October 31, 2017	284,300		19.66
Granted	73,400		20.70
Vested	(111,800	)	20.16
Forfeited	(28,700	)	19.66
Non-vested at October 31, 2018	217,200		$	19.76

Schedule of Stock Option Activity

The following table summarizes our stock option activity for the years ended October 31, 2018, 2017 and 2016.



	Stock Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (000s)
Outstanding at October 31, 2015	2,352,188		$	16.46	5.4	$	6,672
Granted	297,900		19.23
Exercised	(221,850	)	15.43
Forfeited/Expired	(42,018	)	19.78
Outstanding at October 31, 2016	2,386,220		16.84		5.1	$	2,384
Granted	292,600		19.45
Exercised	(507,660	)	15.67
Forfeited/Expired	(18,402	)	19.90
Outstanding at October 31, 2017	2,152,758		17.44		5.2	$	9,700
Granted	—		—
Exercised	(377,218	)	12.58
Forfeited/Expired	(21,884	)	19.28
Outstanding at October 31, 2018	1,753,656		18.47		5.0	$	51
Vested or expected to vest at October 31, 2018	1,753,656		18.47		5.0	$	51
Exercisable at October 31, 2018	1,477,746		$	18.30	4.4	$	51

Schedule of Valuation Assumptions and Fair Value 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		Forfeited
December 2, 2015	158,100	$	19.31	$	23.72	18,936
January 25, 2016	4,300	17.46		26.65		—
November 30, 2016	186,500	19.45		26.61		17,940
December 7, 2017	146,500	$	20.70	$	21.81	12,848

The following table summarizes the assumptions used to estimate the fair value of our stock options granted during the years ended October 31, 2017 and 2016.



	Year Ended October 31,
	2017	2016
Weighted-average expected volatility	34.7%	37.1%
Weighted-average expected term (in years)	5.7	5.4
Risk-free interest rate	2.0%	1.7%
Expected dividend yield over expected term	1.0%	1.0%
Weighted average grant date fair value	$6.25	$6.32

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs



	Year Ended October 31,
	2018			2017		2016
Restricted stock awards	$	1,462		$	1,810	$	1,911
Stock options	467			1,820		2,486
Restricted stock units	(364		)	855		161
Performance share awards	(944		)	3,001		2,703
Performance restricted stock units	401			—		—
Total compensation expense	1,022			7,486		7,261
Income tax effect	(35		)	1,999		4,858
Net compensation expense	$	1,057		$	5,487	$	2,403

Other Income (Expense) (Tables)

12 Months Ended

Oct. 31, 2018

Other Income and Expenses [Abstract]

Schedule of Other Non-operating Income (Expense)

Other income (expense) included under the caption "Other, net" on the accompanying consolidated statements of income (loss), consisted of the following (in thousands):



	Year Ended October 31,
	2018			2017			2016
Foreign currency transaction gains (losses)	$	113		$	713		$	(5,457	)
Foreign currency exchange derivative (losses) gains	(11		)	(88		)	77
Interest income	69			86			106
Other	7			19			(205		)
Other income (expense)	$	178		$	730		$	(5,479	)

Segment Information (Tables)

12 Months Ended

Oct. 31, 2018

Segment Reporting [Abstract]

Corporate SGA Allocation [Table Text Block]

Segment Information



	NA Eng. Comp.		EU Eng. Comp.		NA Cabinet Comp.		Unallocated Corp. & Other			Total
Year Ended October 31, 2018
Net sales	$	485,366	$	159,973	$	249,813	$	(5,367	)	$	889,785
Depreciation and amortization	27,248		9,607		14,401		566			51,822
Operating income (loss)	31,484		12,702		3,248		(11,059		)	36,375
Capital expenditures	13,929		5,450		6,965		140			26,484
Total assets	$	239,915	$	214,704	$	272,313	$	14,917		$	741,849
Year Ended October 31, 2017
Net sales	$	474,878	$	147,963	$	248,808	$	(5,094	)	$	866,555
Depreciation and amortization	34,308		8,833		13,811		543			57,495
Operating income (loss)	26,311		13,673		4,128		(9,745		)	34,367
Capital expenditures	18,822		7,841		7,349		552			34,564
Total assets	$	258,315	$	219,622	$	285,457	$	10,485		$	773,879
Year Ended October 31, 2016
Net sales	$	538,249	$	150,203	$	248,119	$	(8,387	)	$	928,184
Depreciation and amortization	29,793		9,339		13,453		561			53,146
Operating income (loss)	34,229		13,225		5,475		(16,576		)	36,353
Capital expenditures	$	22,114	$	6,141	$	8,709	$	279		$	37,243

The following table summarizes the change in the carrying amount of goodwill by segment for the years ended October 31, 2018 and 2017 (in thousands):



	NA Eng. Comp.		EU Eng. Comp.			NA Cabinet Comp.		Unallocated Corp. & Other		Total
Balance as of October 31, 2016	$	38,712	$	64,576		$	113,747	$	—	$	217,035
Foreign currency translation adjustment	—		5,159			—		—		5,159
Balance as of October 31, 2017	$	38,712	$	69,735		$	113,747	$	—	$	222,194
Foreign currency translation adjustment	—		(2,567		)	—		—		(2,567		)
Balance as of October 31, 2018	$	38,712	$	67,168		$	113,747	$	—	$	219,627



	Year Ended October 31,
	2018			2017			2016
	(in thousands)
Operating income	$	36,375		$	34,367		$	36,353
Interest expense	(11,100		)	(9,595		)	(36,498		)
Other, net	178			730			(5,479		)
Income tax benefit (expense)	875			(6,819		)	3,765
Income (loss) from continuing operations	$	26,328		$	18,683		$	(1,859	)

Schedule of Product Sales

The following table summarizes our product sales for the years ended October 31, 2018, 2017 and 2016 into general groupings to provide additional information to our shareholders.



	Year Ended October 31,
	2018			2017			2016
	(in thousands)
NA Engineered Components:
United States - fenestration	$	412,000		$	399,694		$	444,571
International - fenestration	39,309			34,279			38,439
United States - non-fenestration	18,211			25,263			36,986
International - non-fenestration	15,846			15,642			18,253
	$	485,366		$	474,878		$	538,249
EU Engineered Components:
United States - fenestration	$	—		$	303		$	412
International - fenestration	135,415			129,140			134,631
International - non-fenestration	24,558			18,520			15,160
	$	159,973		$	147,963		$	150,203
NA Cabinet Components:
United States - fenestration	$	14,596		$	17,083		$	21,779
United States - non-fenestration	232,990			229,550			223,664
International - non-fenestration	2,227			2,175			2,676
	$	249,813		$	248,808		$	248,119
Unallocated Corporate & Other
Eliminations	$	(5,367	)	$	(5,094	)	$	(8,387	)
	$	(5,367	)	$	(5,094	)	$	(8,387	)
Net sales	$	889,785		$	866,555		$	928,184

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The following tables provide information concerning our net sales for the years ended October 31, 2018, 2017 and 2016, and our long-lived assets as of October 31, 2018 and 2017 (in thousands):



	Year Ended October 31,
Net Sales:	2018		2017		2016
United States	$	676,776	$	667,063	$	724,045
Europe	159,652		148,370		150,710
Canada	23,610		24,442		24,141
Asia	18,584		17,028		20,404
Other foreign countries	11,163		9,652		8,884
Total net sales	$	889,785	$	866,555	$	928,184



	Year Ended October 31,
Long-lived assets, net	2018		2017
United States	$	384,595	$	404,732
Germany	16,507		20,052
United Kingdom	141,814		148,319
Total long-lived assets, net	$	542,916	$	573,103

Earnings Per Share (Tables)

12 Months Ended

Oct. 31, 2018

Earnings Per Share [Abstract]

Earnings Per Share, Basic and Diluted

The computation of basic and diluted earnings per share for the years ended October 31, 2018 and 2017 follows (in thousands, except per share data):



	Year Ended October 31, 2018					Year Ended October 31, 2017
	Net Income from Continuing Operations		Weighted Average Shares	Per Share		Net Income from Continuing Operations		Weighted Average Shares	Per Share
Basic earnings per common share	$	26,328	34,701	$	0.76	$	18,683	34,230	$	0.55
Effect of dilutive securities:
Stock options	—		198			—		446
Restricted stock	—		126			—		138
Performance shares	—		—			—		23
Diluted earnings per common share	$	26,328	35,025	$	0.75	$	18,683	34,837	$	0.54

Unaudited Quarterly Data (Tables)

12 Months Ended

Oct. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

Selected quarterly financial data for the years ended October 31, 2018 and 2017 was as follows (amounts in thousands, except per share amounts):



For the Quarter Ended	January 31, 2018			April 30, 2018		July 31, 2018		October 31, 2018
Net sales	$	191,666		$	214,212	$	239,821	$	244,086
Cost of sales (excluding depreciation and amortization)	154,440			168,741		185,610		187,776
Depreciation and amortization	13,273			13,310		12,691		12,548
Operating (loss) income	(489		)	8,136		17,087		11,641
Net income	$	4,947		$	4,136	$	10,753	$	6,492
Basic earnings per share	0.14			0.12		0.31		0.19
Diluted earnings per share	0.14			0.12		0.31		0.19
Cash dividends paid per common share	$	0.04		$	0.04	$	0.04	$	0.08



For the Quarter Ended	January 31, 2017			April 30, 2017		July 31, 2017		October 31, 2017
Net sales	$	195,096		$	209,133	$	229,367	$	232,959
Cost of sales (excluding depreciation and amortization)	154,947			162,132		176,758		178,325
Depreciation and amortization	15,406			14,380		13,915		13,794
Operating (loss) income	(3,841		)	4,625		17,352		16,231
Net (loss) income	$	(3,726	)	$	1,462	$	10,215	$	10,732
Basic (loss) earnings per share	(0.11		)	0.04		0.30		0.31
Diluted (loss) earnings per share	(0.11		)	0.04		0.29		0.31
Cash dividends paid per common share	$	0.04		$	0.04	$	0.04	$	0.04

Nature of Operations and Basis of Presentation, Concentration (Details)	12 Months Ended
	Oct. 31, 2018 segment customer	Oct. 31, 2016
Concentration Risk [Line Items]
Number of segments \| segment	3
Sales
Concentration Risk [Line Items]
Number of major customers whose business, if lost, could adversely affect business \| customer	1
Number of major customers		1

Nature of Operations and Basis of Presentation, Inventory (Details)	Oct. 31, 2018 plant
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of Plant Locations using LIFO Valuation Method	2

Nature of Operations and Basis of Presentation, Long Lived Assets (Details)	12 Months Ended
	Oct. 31, 2018
Land Improvements \| Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Land Improvements \| Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	25 years
Building \| Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	25 years
Building \| Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Building Improvements \| Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Building Improvements \| Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	20 years
Machinery and Equipment \| Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years
Machinery and Equipment \| Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	15 years

Nature of Operations and Basis of Presentation, Stock Options (Details)	12 Months Ended
	Oct. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average period over which unrecognized cost is expected to be recognized	3 years
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Weighted-average period over which unrecognized cost is expected to be recognized	1 year
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Weighted-average period over which unrecognized cost is expected to be recognized	1 year 8 months 12 days
Employees and Officers \| Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years

Nature of Operations and Basis of Presentation, Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash paid for interest	$ 7,890	$ 9,019	$ 14,594
Cash paid for income taxes	4,217	3,334	3,004
Cash received for income tax refunds	95	1,167	1,949
Initiation of capital leases and other	799	16,846	0
Change in capitalized expenditures in accounts payable and accrued liabilities	(264)	(392)	(32)
Debt discount	$ 0	$ 0	$ 6,200

Nature of Operations and Basis of Presentation, Related Party Transactions (Details) - reporting_unit	12 Months Ended
	Oct. 31, 2018	Oct. 31, 2017
Goodwill [Line Items]
Number of reporting units	5
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	7.20%	4.50%
NA Engineered Components
Goodwill [Line Items]
Number of reporting units	2
EU Engineered Components
Goodwill [Line Items]
Number of reporting units	2
NA Cabinet Components
Goodwill [Line Items]
Number of reporting units	1

Nature of Operations and Basis of Presentation, Restructuring (Details) - USD ($) $ in Thousands	12 Months Ended			36 Months Ended
	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Income (loss) from continuing operations before income taxes	$ 25,453	$ 25,502	$ (5,624)	$ 45,300
Severance Costs		500
Restructuring charges	$ 1,486	4,550	529
Restructuring and Related Cost, Accelerated Depreciation		4,300	1,000
Additional Amortization, Restructuring		$ 1,900	$ 300

Acquisitions (Detail) $ / shares in Units, $ in Thousands				3 Months Ended								5 Months Ended	9 Months Ended	12 Months Ended
Acquisitions (Detail) $ / shares in Units, $ in Thousands	Nov. 07, 2016 USD ($)	Nov. 02, 2015 USD ($)	Jun. 15, 2015 USD ($)	Oct. 31, 2018 USD ($) $ / shares	Jul. 31, 2018 $ / shares	Apr. 30, 2018 $ / shares	Jan. 31, 2018 $ / shares	Oct. 31, 2017 USD ($) $ / shares	Jul. 31, 2017 $ / shares	Apr. 30, 2017 $ / shares	Jan. 31, 2017 $ / shares	Oct. 31, 2015	Jul. 31, 2016 USD ($)	Oct. 31, 2018 USD ($) $ / shares	Oct. 31, 2017 USD ($) $ / shares	Oct. 31, 2016 USD ($) $ / shares
Business Acquisition [Line Items]
Goodwill				$ 219,627				$ 222,194						$ 219,627	$ 222,194	$ 217,035
Cash, net of cash acquired														$ 0	$ 8,497	$ 245,904
Earn-out period compensation expense	$ 8,500
Tax at statutory rate														23.30%	35.00%	35.00%
Basic earnings (loss) per common share \| $ / shares				$ 0.19	$ 0.31	$ 0.12	$ 0.14	$ 0.31	$ 0.30	$ 0.04	$ (0.11)			$ 0.76	$ 0.55	$ (0.05)
Diluted earnings (loss) per common share \| $ / shares				$ 0.19	$ 0.31	$ 0.12	$ 0.14	$ 0.31	$ 0.29	$ 0.04	$ (0.11)			$ 0.75	$ 0.54	$ (0.05)
HLP Acquisition
Business Acquisition [Line Items]
Goodwill			$ 61,300
Cash, net of cash acquired			131,700
Acquisitions, debt assumed			7,700
Acquisitions, contingent consideration			$ (10,300)
Ownership percentage			100.00%
Related party rent expense													$ 1,300	$ 1,300	$ 1,200
Woodcraft
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross		$ 245,900
working capital adjustment				$ 100										$ 100
Goodwill		113,747
Cash, net of cash acquired		245,904
Accounts receivable for HLP		23,944
Inventories for HLP		29,552
Prepaid and other current assets for HLP		4,081
Property, plant and equipment for HLP		63,154
Intangible assets for HLP		62,900
Other non-current assets for HLP		24
Accounts payable for HLP		(4,620)
Accrued expenses for HLP		(9,492)
Deferred tax liability for HLP		(37,386)
Net assets acquired		245,904
Manufacturing Facility \| HLP Acquisition
Business Acquisition [Line Items]
Lease term												20 years
Warehouse \| HLP Acquisition
Business Acquisition [Line Items]
Lease term												15 years
Mixing Plant \| HLP Acquisition
Business Acquisition [Line Items]
Lease term												13 years 6 months
Internal Revenue Service (IRS)
Business Acquisition [Line Items]
Tax at statutory rate														23.30%	35.00%
United States \| Woodcraft
Business Acquisition [Line Items]
Number of Plants				12										12
MEXICO \| Woodcraft
Business Acquisition [Line Items]
Number of Plants				1										1
Customer relationships \| Woodcraft
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		$ 62,800
Finite-Lived Intangible Asset, Useful Life		12 years
Other Intangible Assets \| Woodcraft
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		$ 100
Finite-Lived Intangible Asset, Useful Life		1 year

Receivables & Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
Receivables & Allowance (Details) - USD ($) $ in Thousands	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2018	Oct. 31, 2017
Receivables [Abstract]
Trade receivables				$ 83,828	$ 79,221
Receivables from employees				511	523
Accounts receivable, gross				84,339	79,744
Allowance for accounts receivable	$ 333	$ 251	$ 673	325	333
Accounts receivable, net				$ 84,014	$ 79,411
Allowance for Doubtful Accounts Receivable [Roll Forward]
Allowance for accounts receivable	333	251	673
Bad debt expense (benefit)	46	131	(67)
Amounts written off	(54)	(49)	(371)
Recoveries	0	0	16
Allowance for accounts receivable	$ 325	$ 333	$ 251

Inventories (Detail) - USD ($) $ in Thousands	12 Months Ended
Inventories (Detail) - USD ($) $ in Thousands	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2018	Oct. 31, 2017
Inventory, Net [Abstract]
Raw materials				$ 41,584	$ 50,472
Finished goods and work in process				31,727	40,087
Supplies and other				1,794	2,655
Total				75,105	93,214
Inventory reserves	$ 5,685	$ 4,994	$ 8,106	5,740	5,685
Inventories, net				69,365	87,529
Inventory Adjustments [Abstract]
Inventory reserves, beginning balance	5,685	4,994	8,106
Charged (credited) to costs & expenses	1,501	1,296	8
Write-offs	(1,415)	(661)	(3,048)
Other	31	(56)	72
Inventory reserves, ending balance	5,740	$ 5,685	4,994
LIFO Method Related Items [Abstract]
LIFO				4,273	4,444
FIFO				65,092	83,085
Inventories, net				69,365	$ 87,529
Excess of replacement cost over LIFO value				$ 1,400
LIFO Adjustment	$ 300		$ 300

Property, Plant & and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016
Property, Plant and Equipment [Line Items]
Land and land improvements	$ 10,366	$ 10,491
Buildings and building improvements	98,212	96,622
Machinery and equipment	371,106	354,197
Construction in progress	10,293	13,868
Property, plant and equipment, gross	489,977	475,178
Less: Accumulated depreciation	(288,607)	(264,047)
Property, plant and equipment, net	201,370	211,131
Depreciation	35,600	39,100	$ 36,200
Capital Lease Obligations
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	22,200	24,300
Less: Accumulated depreciation	(3,400)	(2,800)
Depreciation	$ 1,100	$ 2,000	$ 800

Goodwill and Intangible Assets (Detail) $ in Thousands		12 Months Ended
Goodwill and Intangible Assets (Detail) $ in Thousands	Nov. 02, 2015 USD ($)	Oct. 31, 2018 USD ($)	Oct. 31, 2017 USD ($)	Oct. 31, 2016 USD ($)	Oct. 31, 2018 USD ($) unit	Oct. 31, 2017 USD ($)	Nov. 02, 2015 USD ($)
Goodwill [Roll Forward]
Beginning balance		$ 222,194	$ 217,035
Foreign currency translation adjustment		(2,567)	5,159
Ending balance		219,627	222,194	$ 217,035
Finite-Lived Intangible Assets [Line Items]
Asset impairment charges		0	0	12,602
Amortization			1,900	300
Number of reportable units with goodwill balances \| unit					5
Goodwill		222,194	217,035	217,035	$ 219,627	$ 222,194
Gross carrying amount					231,565	233,912
Accumulated amortization					(109,646)	(94,134)
Retirement of fully amortized intangible assets		300	2,400
Intangible assets amortization expense		$ 16,200	$ 18,400	$ 16,900
Estimated Amortization Expense
2018					15,282
2019					14,226
2020					12,506
2021					11,883
2022					11,136
Thereafter					56,886
Intangible assets, net					121,919	139,778
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount					153,704	155,230
Accumulated amortization					(59,332)	(48,479)
Weighted Average Useful Life		11 years
Trademarks and trade names
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount					55,583	56,058
Accumulated amortization					(32,668)	(29,509)
Weighted Average Useful Life		11 years
Patents and other technology
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount					22,278	22,624
Accumulated amortization					$ (17,646)	$ (16,146)
Weighted Average Useful Life		3 years
Woodcraft
Goodwill [Roll Forward]
Ending balance	$ 113,747
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 113,747						$ 113,747
Woodcraft \| Customer relationships
Finite-Lived Intangible Assets [Line Items]
Customer relationships related to acquired Greenville facility							$ 62,800
Useful life of customer relationships related to acquired Greenville facility	12 years
Engineered Products
Finite-Lived Intangible Assets [Line Items]
Number of reportable units with goodwill balances \| unit					2
NA Engineered Components Unit One
Goodwill [Roll Forward]
Ending balance		$ 35,900
Finite-Lived Intangible Assets [Line Items]
Goodwill		35,900			$ 35,900
NA Engineered Components Unit Three
Goodwill [Roll Forward]
Ending balance		2,800
Finite-Lived Intangible Assets [Line Items]
Goodwill		2,800			$ 2,800
EU Engineered Components
Goodwill [Roll Forward]
Foreign currency translation adjustment		(2,567)
Finite-Lived Intangible Assets [Line Items]
Number of reportable units with goodwill balances \| unit					2
EU Engineered Components Unit One [Member]
Goodwill [Roll Forward]
Ending balance		50,200
Finite-Lived Intangible Assets [Line Items]
Goodwill		50,200			$ 50,200
EU Engineered Components Unit Two [Member]
Goodwill [Roll Forward]
Ending balance		17,000
Finite-Lived Intangible Assets [Line Items]
Goodwill		$ 17,000			$ 17,000

Accrued Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2018	Oct. 31, 2017
Accrued Liabilities [Abstract]
Payroll, payroll taxes and employee benefits	$ 28,202	$ 16,733
Accrued insurance and workers compensation	3,095	3,591
Sales allowances	6,514	9,070
Deferred compensation	153	669
Deferred revenue	287	625
Warranties	148	168
Audit, legal, and other professional fees	2,170	2,096
accrued other business taxes	2,286	2,656
Other	3,113	3,263
Accrued liabilities	$ 45,968	$ 38,871

Debt and Capital Lease Obligations - Schedule of Debt Obligations (Details) - USD ($) $ in Thousands	Oct. 31, 2018	Oct. 31, 2017
Debt Instrument [Line Items]
Debt and Capital Lease Obligations	$ 210,556	$ 239,426
Debt Instrument, Unamortized Discount (Premium), Net	1,487
Unamortized deferred financing fees		(2,088)
Less: Current maturities of long-term debt	1,224	21,242
Long-term debt	209,332	218,184
Revolving Credit Facility
Debt Instrument [Line Items]
Debt and Capital Lease Obligations	195,000	84,000
Term Loan A
Debt Instrument [Line Items]
Term Loan A	0	138,750
Capital lease obligations
Debt Instrument [Line Items]
Debt and Capital Lease Obligations	$ 17,043	$ 18,764

Debt and Capital Lease Obligations - Narrative (Details) - USD ($)						3 Months Ended	12 Months Ended
	Oct. 31, 2018	Oct. 18, 2018	Jul. 31, 2016	Jul. 29, 2016	Nov. 02, 2015	Oct. 31, 2016	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016	Apr. 30, 2018
Debt Instrument [Line Items]
Amortization of debt discount (premium)							$ 0	$ 0	$ 6,200,000
Debt Instrument, Unamortized Discount (Premium), Net	$ 1,487,000						1,487,000
Letters of credit, outstanding	5,300,000						5,300,000
Debt and capital lease obligations	210,556,000						210,556,000	$ 239,426,000
Credit facility, amount available	124,700,000						$ 124,700,000
Debt instrument, interest rate during period							3.76%	2.95%
Interest expense, lessee, assets under capital lease							$ 0.0357
Capital lease gross fair value	16,600,000						16,600,000
Capital lease obligations incurred							799,000	$ 16,846,000	$ 0
Capital leases in property plant and equipment	22,200,000						22,200,000
Capital leases in accumulated depreciation	3,400,000						3,400,000
HLP
Debt Instrument [Line Items]
Capital lease obligation, current portion	900,000						900,000
Capital leases in property plant and equipment	16,300,000						16,300,000
Capital leases in accumulated depreciation	1,400,000						1,400,000
HLP 2017 Capital Lease
Debt Instrument [Line Items]
Capital lease obligations incurred, in GBP	17,800,000						17,800,000
Capital lease obligations incurred							23,600,000
2016 Credit Agreement
Debt Instrument [Line Items]
Long-term line of credit										$ 195,000,000
Capital lease obligations
Debt Instrument [Line Items]
Debt and capital lease obligations	$ 17,043,000						$ 17,043,000	$ 18,764,000
Term Loan Facility
Debt Instrument [Line Items]
Interest rate, stated percentage	3.80%						3.80%
Kentucky Industrial Building Revenue Bonds
Debt Instrument [Line Items]
Debt instrument, interest rate during period								1.00%	0.50%
Kentucky Industrial Building Revenue Bonds \| Minimum
Debt Instrument [Line Items]
Repayments of debt							$ 400,000
Interest rate, effective percentage	0.70%						0.70%
Kentucky Industrial Building Revenue Bonds \| Maximum
Debt Instrument [Line Items]
Interest rate, effective percentage	1.30%						1.30%
Capital Lease Obligations \| HLP
Debt Instrument [Line Items]
Weighted average interest rate	3.59%						3.59%
Term Loan Facility \| Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity, committed amount				$ 150,000,000.0	$ 310,000,000
Quarterly principal payments					0.0025
Secured leverage ratio					3.00
Minimum prepayment amount					$ 5,000,000
Incremental prepayment amounts					$ 1,000,000
Prepayment fee					1.00%
Term Loan Facility \| Line of Credit \| Minimum
Debt Instrument [Line Items]
Incremental borrowing capacity					$ 25,000,000
Term Loan Facility \| Line of Credit \| Maximum
Debt Instrument [Line Items]
Incremental borrowing capacity					$ 50,000,000
Term Loan Facility \| Line of Credit \| Base Rate
Debt Instrument [Line Items]
Margin on base rate					4.25%
Term Loan Facility \| Line of Credit \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Margin on base rate					5.25%
Term Loan Facility \| Line of Credit \| London Interbank Offered Rate (LIBOR) \| Minimum
Debt Instrument [Line Items]
Interest rate, stated percentage					1.00%
Revolving Credit Facility \| Base Rate \| Tranche One
Debt Instrument [Line Items]
Margin on base rate					0.50%
Revolving Credit Facility \| London Interbank Offered Rate (LIBOR) \| Tranche One
Debt Instrument [Line Items]
Margin on base rate					1.50%
Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity, committed amount		$ 325,000,000.0		300,000,000.0	$ 100,000,000
Debt Instrument, Term		5 years
Margin on base rate	1.50%
2015 Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Commitment fee					0.375%
Outstanding revolver borrowings				309,200,000
Amortization of financing costs					$ 8,100,000
2016 Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity, committed amount				$ 450,000,000.0
Debt Instrument, Term				5 years
LIBOR stipulation (less than)							2.00%
Debt, current	$ 15,000,000						$ 15,000,000
Debt instrument, periodic payment, principal							$ 0
Minimum leverage ratio	2.25%						2.25%
Minimum incremental borrowing	$ 10,000,000						$ 10,000,000
Maximum incremental borrowing	150,000,000						$ 150,000,000
Debt instrument, maximum fixed charge coverage ratio							1.10%
Debt instrument, limitation on annual dividend						$ 10,000,000
Repayments of debt					16,400,000		$ 10,000,000
Outstanding revolver borrowings		$ 213,500,000
Debt instrument, repayment penalty, cash		500,000		$ 2,800,000
Amortization of financing costs	1,100,000
2016 Credit Agreement \| Line of Credit \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Margin on base rate			2.00%
Swing Line \| Line of Credit
Debt Instrument [Line Items]
Debt instrument, unused borrowing capacity, amount	15,000,000						15,000,000
Minimum repayment	1,000,000						1,000,000
Minimum repayment multiples	$ 500,000						$ 500,000
2018 Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Secured leverage ratio							3.25
LIBOR stipulation (less than)	2.00%
Minimum incremental borrowing	$ 10,000,000						$ 10,000,000
Maximum incremental borrowing	150,000,000						$ 150,000,000
Debt instrument, limitation on annual dividend	$ 20,000,000
Debt Instrument, Leverage Ratio Threshold for Limitations to Take Effect							2.75
Debt Instrument, Liquidity Threshold for Limitations to Take Effect							$ 25,000,000
Outstanding revolver borrowings		205,000,000
Debt instrument, repayment penalty, cash		$ 1,000,000
Amortization of debt discount (premium)					$ 5,500,000
Required coverage ratio							2.25

Debt and Capital Lease Obligations - Schedule of Applicable Margins and Commitment Fees (Details) - Line of Credit		12 Months Ended
	Jul. 31, 2016	Oct. 31, 2018
Closing Date through January 30 2017
Debt Instrument [Line Items]
Secured leverage ratio		3.5
January 31 2017 through January 30 2018
Debt Instrument [Line Items]
Secured leverage ratio		3.25
January 31 2018 and thereafter
Debt Instrument [Line Items]
Secured leverage ratio		3.00
2016 Credit Agreement \| LIBOR Rate Loans
Debt Instrument [Line Items]
Margin on base rate	2.00%
2016 Credit Agreement \| Less than or equal to 1.50 to 1.00
Debt Instrument [Line Items]
Commitment Fee		0.20%
2016 Credit Agreement \| Less than or equal to 1.50 to 1.00 \| LIBOR Rate Loans
Debt Instrument [Line Items]
Margin on base rate		1.50%
2016 Credit Agreement \| Less than or equal to 1.50 to 1.00 \| Base Rate Loans
Debt Instrument [Line Items]
Margin on base rate		0.50%
2016 Credit Agreement \| Greater than 1.50 to 1.00, but less than or equal to 2.25 to 1.00
Debt Instrument [Line Items]
Commitment Fee		0.225%
2016 Credit Agreement \| Greater than 1.50 to 1.00, but less than or equal to 2.25 to 1.00 \| LIBOR Rate Loans
Debt Instrument [Line Items]
Margin on base rate		1.75%
2016 Credit Agreement \| Greater than 1.50 to 1.00, but less than or equal to 2.25 to 1.00 \| Base Rate Loans
Debt Instrument [Line Items]
Margin on base rate		0.75%
2016 Credit Agreement \| Greater than 2.25 to 1.00, but less than or equal to 3.00 to 1.00
Debt Instrument [Line Items]
Commitment Fee		0.25%
2016 Credit Agreement \| Greater than 2.25 to 1.00, but less than or equal to 3.00 to 1.00 \| LIBOR Rate Loans
Debt Instrument [Line Items]
Margin on base rate		2.00%
2016 Credit Agreement \| Greater than 2.25 to 1.00, but less than or equal to 3.00 to 1.00 \| Base Rate Loans
Debt Instrument [Line Items]
Margin on base rate		1.00%
2016 Credit Agreement \| Greater than 3.00 to 1.00
Debt Instrument [Line Items]
Commitment Fee		0.30%
2016 Credit Agreement \| Greater than 3.00 to 1.00 \| LIBOR Rate Loans
Debt Instrument [Line Items]
Margin on base rate		2.25%
2016 Credit Agreement \| Greater than 3.00 to 1.00 \| Base Rate Loans
Debt Instrument [Line Items]
Margin on base rate		1.25%
Credit Agreement
Debt Instrument [Line Items]
Secured leverage ratio		3.25
Credit Agreement \| Less than or equal to 1.50 to 1.00
Debt Instrument [Line Items]
Commitment Fee		0.20%
Credit Agreement \| Less than or equal to 1.50 to 1.00 \| LIBOR Rate Loans
Debt Instrument [Line Items]
Margin on base rate		1.25%
Credit Agreement \| Less than or equal to 1.50 to 1.00 \| Base Rate Loans
Debt Instrument [Line Items]
Margin on base rate		0.25%
Credit Agreement \| Greater than 1.50 to 1.00, but less than or equal to 2.25 to 1.00
Debt Instrument [Line Items]
Commitment Fee		0.225%
Credit Agreement \| Greater than 1.50 to 1.00, but less than or equal to 2.25 to 1.00 \| LIBOR Rate Loans
Debt Instrument [Line Items]
Margin on base rate		1.50%
Credit Agreement \| Greater than 1.50 to 1.00, but less than or equal to 2.25 to 1.00 \| Base Rate Loans
Debt Instrument [Line Items]
Margin on base rate		0.50%
Credit Agreement \| Greater than 2.25 to 1.00, but less than or equal to 3.00 to 1.00
Debt Instrument [Line Items]
Commitment Fee		0.25%
Credit Agreement \| Greater than 2.25 to 1.00, but less than or equal to 3.00 to 1.00 \| LIBOR Rate Loans
Debt Instrument [Line Items]
Margin on base rate		1.75%
Credit Agreement \| Greater than 2.25 to 1.00, but less than or equal to 3.00 to 1.00 \| Base Rate Loans
Debt Instrument [Line Items]
Margin on base rate		0.75%
Credit Agreement \| Greater than 3.00 to 1.00
Debt Instrument [Line Items]
Commitment Fee		0.30%
Credit Agreement \| Greater than 3.00 to 1.00 \| LIBOR Rate Loans
Debt Instrument [Line Items]
Margin on base rate		2.00%
Credit Agreement \| Greater than 3.00 to 1.00 \| Base Rate Loans
Debt Instrument [Line Items]
Margin on base rate		1.00%

Debt and Capital Lease Obligations - Schedule of Debt Maturities (Details) $ in Thousands	Oct. 31, 2018 USD ($)
Revolving Credit Facility
2019, Other Long Term Debt	$ 0
2020, Other Long Term Debt	0
2021, Other Long Term Debt	0
2022, Other Long Term Debt	0
2023, Other Long Term Debt	195,000
Thereafter, Other Long Term Debt	0
Total, Other Long Term Debt	195,000
Capital Leases and Other Obligations
2019, Capital Lease Obligations	1,523
2020, Capital Lease Obligations	1,076
2021, Capital Lease Obligations	884
2022, Capital Lease Obligations	876
2023, Capital Lease Obligations	807
Thereafter, Capital Lease Obligation	11,877
Total, Capital Lease Obligations	17,043
2019, Aggregate Maturities	1,523
2020, Aggregate Maturities	1,076
2021, Aggregate Maturities	884
2022, Aggregate Maturities	876
2023, Aggregate Maturities	195,807
Thereafter, Aggregate Maturities	11,877
Debt and Capital Lease Obligations	$ 212,043

Retirement Plans (Detail) - USD ($) $ in Thousands	12 Months Ended
Retirement Plans (Detail) - USD ($) $ in Thousands	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Post Retirement Plan Adjustment			$ 300
Employer contribution percentage match of compensation	4.00%
Benefit pension plan credits - grandfathered employees up to	6.50%
Benefit pension plan - % of participants under cash balance formula	99.00%
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Projected benefit obligation	$ 38,323	$ 36,892
Service cost	3,908	3,794	3,712
Interest cost	1,130	859	828
Actuarial gain	(4,296)	(318)
Benefits Paid	2,551	2,263
Administrative expenses	(555)	(641)
Projected benefit obligation	35,959	38,323	36,892
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets	32,064	34,340	29,210
Actual return on plan assets	66	4,434
Employer contributions	764	3,600	3,700
Benefits paid	(2,551)	(2,263)
Administrative expenses	(555)	(641)
Non current liability - Funded Status	(3,895)	(3,983)
Accumulated other comprehensive income (loss), net gains (losses), before tax	3,000	5,200
Aggregate accumulated benefit obligation	35,400	37,400
Net periodic benefit cost:
Service cost	3,908	3,794	3,712
Interest cost	1,130	859	828
Expected return on plan assets	(2,172)	(1,863)	(1,617)
Amortization of net loss	64	574	384
Net periodic benefit cost	2,930	3,364	3,307
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax [Abstract]
Net (gain) loss arising during the period	(2,189)	(2,888)	3,556
Less: Amortization of net loss	64	574	384
Total recognized in other comprehensive loss	$ (2,253)	$ (3,462)	$ 3,172
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Benefit Obligation, Discount rate	4.44%	3.68%	3.41%
Benefit Obligation, Rate of compensation increase	3.00%	3.00%	3.00%
Net Periodic Benefit Cost, Discount rate	4.44%	3.66%	3.92%
Net Periodic Benefit Cost, Rate of compensation increase	3.00%	3.00%	3.00%
Net Periodic Benefit Cost, Expected long-term return on assets	6.50%	6.50%	6.50%
Fair value of plan assets	$ 32,064	$ 34,340	$ 29,210
Contributions target funded status	100.00%
Employer contributions	$ 764	3,600	3,700
Estimated future employer contributions in next fiscal year	800
Fiscal Year Maturity [Abstract]
2016	2,488
2017	2,516
2018	2,724
2019	2,898
2020	3,031
2021-2024	16,304
Total	$ 29,961
Employer matching contribution, percent of employees' gross pay	50.00%
Defined contribution employer match of employee amount	5.00%
Employer discretionary contribution amount	$ 2,600	2,400	$ 2,200
Accrued liabilities	49	49
Deferred pension and postretirement benefits	323	450
Total	372	499
Supplemental benefit plan liability	3,400
Deferred compensation liability	3,500	4,000
Money market fund
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets	597	204
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Fair value of plan assets	597	204
Equity securities
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets	$ 19,219	$ 20,525
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Target Allocation	60.00%
Actual Allocation	61.00%	60.00%
Fair value of plan assets	$ 19,219	$ 20,525
Large capitalization
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets	8,362	10,972
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Fair value of plan assets	8,362	10,972
Small capitalization
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets	2,559	4,102
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Fair value of plan assets	2,559	4,102
International equity
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets	6,385	3,756
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Fair value of plan assets	6,385	3,756
Other
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets	1,913	1,695
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Fair value of plan assets	1,913	1,695
Fixed income
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets	$ 12,248	$ 13,611
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Target Allocation	40.00%
Actual Allocation	39.00%	40.00%
Fair value of plan assets	$ 12,248	$ 13,611
High-quality core bond
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets	9,736	6,801
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Fair value of plan assets	9,736	6,801
High-quality government bond
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets	1,251	3,407
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Fair value of plan assets	1,251	3,407
High-yield bond
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets	1,261	3,403
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Fair value of plan assets	$ 1,261	$ 3,403
Woodcraft
Fiscal Year Maturity [Abstract]
Employer matching contribution, percent of employees' gross pay	35.00%
Defined contribution employer match of employee amount	5.00%

Warranty Obligations (Detail) - USD ($) $ in Thousands	12 Months Ended
Warranty Obligations (Detail) - USD ($) $ in Thousands	Oct. 31, 2018	Oct. 31, 2017
Movement in Product Warranty Accrual [Roll Forward]
Beginning balance as of November 1, 2017, and 2016, respectively	$ 323	$ 446
Provision for warranty expense	4	41
Change in accrual for preexisting warranties	(16)	(121)
Warranty costs paid	(16)	(43)
Total accrued warranty	295	323
Less: Current portion of accrued warranty	148	168
Long-term portion at October 31,	$ 147	$ 155

Income Taxes (Detail) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
Income Taxes (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016
Income Tax Examination [Line Items]
Tax Cuts and Jobs Act of 2017, Excess Tax Benefits		$ 200
Tax Cuts and Jobs Act of 2017, Transition Tax for Accumulated Foreign Earnings, Income Tax Expense (Benefit)		1,200
Current
Federal		983	$ 1,991	$ 1,309
State and local		417	873	154
Non-United States		3,356	4,067	3,241
Total current		4,756	6,931	4,704
Deferred
Federal		(5,903)	1,860	(5,932)
State and local		670	(450)	(712)
Non-United States		(398)	(1,522)	(1,825)
Total deferred		(5,631)	(112)	(8,469)
Total income tax (benefit) expense		$ (875)	$ 6,819	$ (3,765)
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Tax at statutory rate		23.30%	35.00%	35.00%
State and local income tax		3.40%	1.70%	7.40%
Non-United States income tax		(1.60%)	(9.10%)	32.00%
Deferred rate impact		0.00%	(4.10%)	15.20%
General business credits		(0.40%)	(0.50%)	6.40%
Employee related items		0.00%	0.00%	(17.00%)
Change in valuation allowance		(0.10%)	(0.60%)	(0.90%)
Effective Income Tax Rate Reconciliation,Other Reconciling Items, Percent		(0.30%)	3.30%	(5.80%)
Effective Income Tax Rate Reconciliation, Impact of Tax Reform		(30.50%)
Effective Income Tax Rate Reconciliation, Stock Based Compensation		(0.50%)
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Percent		4.80%
Return to actual adjustments		(1.50%)	1.00%	(5.40%)
Effective tax rate		(3.40%)	26.70%	66.90%
Foreign Earnings Repatriated		$ 2,800
Deferred tax assets:
Employee benefit obligations		9,910	$ 12,731
Accrued liabilities and reserves		1,609	2,409
Pension and other benefit obligations		1,872	2,968
Inventory		843	1,614
Loss and tax credit carry forwards		3,716	8,098
Other		119	194
Total gross deferred tax assets		18,069	28,014
Less: Valuation allowance		1,275	1,304
Total deferred tax assets, net of valuation allowance		16,794	26,710
Deferred tax liabilities:
Property, plant and equipment		10,577	16,128
Goodwill and intangibles		23,432	32,542
Total deferred tax liabilities		34,009	48,670
Net deferred tax assets		17,215	21,960
Operating loss carryforwards		41,800
Tax credit carryforward, amount		4,100
Unrecognized Tax Benefits [Roll Forward]
Unrecognized Tax Benefits		591	579	$ 564
Additions for tax positions related to the current year		0	0	0
Additions for tax positions related to the prior year		15	12	15
Unrecognized Tax Benefits		606	591	$ 579
Liability for uncertain tax positions		606	591
Additions for tax positions			4,100
Increase (Decrease) in Deferred Income Taxes			6,800
Recognition of unrecognized tax benefit			10,100
Increase (Decrease) in Income Taxes			800
Deferred income taxes		17,215	$ 21,960
Potential Tax liabilities on undistributed foreign earnings		100
Tax Cuts and Jobs Act of 2017, Change in Tax Rate, Income Tax Expense (Benefit)		(7,700)
Tax Cuts and Jobs Act of 2017, True Up Of Accrued Taxes		$ 200
Internal Revenue Service (IRS)
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Tax at statutory rate		23.30%	35.00%
State
Deferred tax liabilities:
Operating loss carryforwards, valuation allowance		$ 1,300
Federal
Deferred tax liabilities:
Operating loss carryforwards, valuation allowance		600
Woodcraft
Unrecognized Tax Benefits [Roll Forward]
Deferred income taxes		37,400
HLP Acquisition
Unrecognized Tax Benefits [Roll Forward]
Deferred income taxes		$ 13,200
HLP \| Her Majesty's Revenue and Customs (HMRC)
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Tax at statutory rate	20.00%

Commitments and Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016
Other Commitments [Line Items]
Rent expense	$ 9,500	$ 10,500	$ 10,300
Amount purchased under purchase obligations	5,200	4,500
Purchased obligation amount due within the next fiscal year	16,700	11,900
Cumulative asset retirement obligation	2,200
Warranty costs paid	(16)	(43)
Loss Contingency, Receivable, Proceeds	500	$ 4,000
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2016	8,407
2017	6,776
2018	5,376
2019	4,528
2020	4,290
Thereafter	20,274
Total	$ 49,651

Derivative Instruments (Detail) - USD ($) $ in Thousands	12 Months Ended
Derivative Instruments (Detail) - USD ($) $ in Thousands	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency derivatives	$ (11)	$ (88)	$ 77
Other Non Operating Income (Loss)
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency derivatives	(11)	(88)	$ 77
Buy EUR, Sell USD
Derivatives, Fair Value [Line Items]
Derivatives, notional amount	455	1,271
Foreign currency derivatives, fair value	1	24
Sell CAD, Buy USD
Derivatives, Fair Value [Line Items]
Derivatives, notional amount	229	320
Foreign currency derivatives, fair value	0	1
Sell GBP, Buy USD
Derivatives, Fair Value [Line Items]
Derivatives, notional amount	22	75
Foreign currency derivatives, fair value	0	0
Buy EUR, Sell GBP
Derivatives, Fair Value [Line Items]
Derivatives, notional amount	34	30
Foreign currency derivatives, fair value	0	(1)
Buy USD, Sell EUR
Derivatives, Fair Value [Line Items]
Derivatives, notional amount	12	0
Foreign currency derivatives, fair value	0	0
Prepaid and other current assets:
Derivatives [Line Items]
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Asset at Fair Value	$ 100	100
Accrued Liabilities [Member]
Derivatives [Line Items]
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value		$ 100

Fair Value Measurement of Assets and Liabilities (Details) - USD ($) $ in Millions	Oct. 31, 2018	Oct. 31, 2017
Derivative Asset [Abstract]
Property, plant and equipment at fair value (non-recurring)	$ 2.4	$ 2.4
Fair Value, Inputs, Level 2
Derivative Asset [Abstract]
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Asset at Fair Value	$ 0.1	0.1
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value		$ 0.1

Stock Based Compensation (Detail) - USD ($)						12 Months Ended
Stock Based Compensation (Detail) - USD ($)	Dec. 07, 2017	Nov. 30, 2016	Jan. 25, 2016	Dec. 02, 2015	Dec. 03, 2014	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2015
Additional Disclosures [Line Items]
Treasury Stock, Shares, Acquired						1,900,000
Fair Value Assumptions [Abstract]
Weighted-average expected volatility						34.70%	37.10%
Weighted-average expected term (in years)						5 years 8 months 12 days	5 years 4 months 24 days
Risk-free interest rate						2.00%	1.70%
Expected dividend yield over expected term						1.00%	1.00%
Weighted average grant date fair value						$ 6.25	$ 6.32
Stock Options, [Roll Forward]
Outstanding at beginning of period (in shares)						2,152,758	2,386,220	2,352,188
Granted (in shares)						0	292,600	297,900
Exercised (in shares)						(377,218)	(507,660)	(221,850)
Forfeited/Expired (in shares)						(21,884)	(18,402)	(42,018)
Outstanding at end of period (in shares)						1,753,656	2,152,758	2,386,220	2,352,188
Vested or expected to vest at end of period						1,753,656
Exercisable at end of period						1,477,746
Weighted Average Exercise Price Per Share
Outstanding at beginning of period (in dollars per share)						$ 17.44	$ 16.84	$ 16.46
Granted (in dollars per share)						0.00	19.45	19.23
Exercised (in dollars per share)						12.58	15.67	15.43
Forfeited/Expired (in dollars per share)						19.28	19.90	19.78
Outstanding at end of period (in dollars per share)						18.47	$ 17.44	$ 16.84	$ 16.46
Vested or expected to vest at end of period						18.47
Exercisable at end of period						$ 18.30
Weighted Average Remaining Contractual Life
Outstanding at end of period						5 years	5 years 2 months 12 days	5 years 1 month 6 days	5 years 4 months 24 days
Vested or expected to vest at end of period						5 years
Exercisable at end of period						4 years 4 months 24 days
Aggregate Intrinsic Value
Outstanding at end of period						$ 51,000	$ 9,700,000	$ 2,384,000	$ 6,672,000
Vested or expected to vest at end of period						51,000
Exercisable at end of period						$ 51,000
Additional Disclosures [Abstract]
Number of shares authorized, originally						7,650,000
Weighted-average period over which unrecognized cost is expected to be recognized						3 years
Fair value assumptions, expected dividend payments						$ 0.16
Total intrinsic value of options exercised						$ 2,900,000	3,100,000	1,000,000
Performance shares settled in cash						50.00%
Performance shares settled in stock						50.00%
Total compensation expense						$ 1,022,000	7,486,000	7,261,000
Income tax effect						(35,000)	1,999,000	4,858,000
Net compensation expense						$ 1,057,000	$ 5,487,000	$ 2,403,000
EPS		$ 20.70	$ 19.45	$ 17.46	$ 19.31
R-TSR		$ 21.81	$ 26.61	$ 26.65	$ 23.72
2013 Performance share vested (in shares)						123,600
2013 Performance shares issued (in shares)						25,340
Performance Share Cash Payment						$ 600,000
Earnings Per Share, Potentially Dilutive Securities							25338	67550
Restricted stock
Number of Shares
Period start, non-vested (in shares)						284,300	266,700	293,000
Granted (in shares)						73,400	93,800	85,500
Vested (in shares)						(111,800)	(73,100)	(102,000)
Forfeited (in shares)						(28,700)	(3,100)	(9,800)
Period end, non-vested (in shares)						217,200	284,300	266,700	293,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Period start, non-vested (in dollars per share)						$ 19.66	$ 19.19	$ 18.71
Grant Date Fair Value (in dollars per share)						20.70	19.46	19.21
Vested in Period, Weighted Average Grant Date Fair Value (in dollars per share)						20.16	17.67	17.84
Forfeitures, Weighted Average Grant Date Fair Value (in dollars per share)						19.66	19.65	18.97
Period end, non-vested (in dollars per shares)						$ 19.76	$ 19.66	$ 19.19	$ 18.71
Additional Disclosures [Abstract]
Vesting period						3 years
Fair value of restricted stock awards vested						$ 2,300,000	$ 1,300,000	$ 1,800,000
Unrecognized compensation cost - non vested restricted stock awards						$ 1,600,000
Weighted-average period over which unrecognized cost is expected to be recognized						1 year 8 months 12 days
Total compensation expense						$ 1,462,000	1,810,000	1,911,000
Stock options
Additional Disclosures [Abstract]
Vesting period						3 years
Weighted-average period over which unrecognized cost is expected to be recognized						1 year
Expiration period						10 years
Fair value of stock options vested						$ 1,500,000	1,800,000	1,900,000
Unrecognized compensation cost - non vested stock options						200,000
Total compensation expense						$ 467,000	$ 1,820,000	$ 2,486,000
Restricted Stock Units (RSUs)
Number of Shares
Vested (in shares)						(18,050)	(24,560)	(20,445)
Period end, non-vested (in shares)						0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Vested in Period, Weighted Average Grant Date Fair Value (in dollars per share)						$ 21.85	$ 15.65	$ 19.56
Additional Disclosures [Abstract]
Vesting period						3 years
Total compensation expense						$ (364,000)	$ 855,000	$ 161,000
Performance Shares
Stock Options, [Roll Forward]
Vested or expected to vest at end of period						0
Additional Disclosures [Abstract]
Vesting period						3 years
Total compensation expense						$ (944,000)	3,001,000	2,703,000
Dilutive Securities, Effect on Basic Earnings Per Share								67,550
Performance shares granted		146,500	186,500	4,300	158,100
Performance shares forfeited		12,848	17,940	0	18,936
Performance Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Grant Date Fair Value (in dollars per share)	$ 17.76
Additional Disclosures [Abstract]
Total compensation expense						$ 401,000	$ 0	$ 0
Performance shares granted	78,200
Performance shares forfeited						6,889
Minimum
Additional Disclosures [Abstract]
Performance shares vesting percentage						0.00%
Minimum \| Performance Restricted Stock Units
Additional Disclosures [Abstract]
Performance shares vesting percentage						0.00%
Maximum
Additional Disclosures [Abstract]
Performance shares vesting percentage						200.00%
Maximum \| Performance Restricted Stock Units
Additional Disclosures [Abstract]
Performance shares vesting percentage						150.00%
Share-based Compensation Award, Tranche One [Member] \| Share-Based Compensation Award, Performance Criteria, Absolute Total Shareholder Return Milestones, Greater Than Or Equal To 50 Percent [Member] \| Performance Restricted Stock Units
Additional Disclosures [Abstract]
Performance shares vesting percentage						150.00%
Share-based Compensation Award, Tranche Two [Member] \| Share-Based Compensation Award, Performance Criteria, Absolute Total Shareholder Return Milestones, Less Than 50 Percent And Greater Than Or Equal To 20 Percent [Member] \| Performance Restricted Stock Units
Additional Disclosures [Abstract]
Performance shares vesting percentage						100.00%
Share-based Compensation Award, Tranche Three [Member] \| Share-Based Compensation Award, Performance Criteria, Absolute Total Shareholder Return Milestones, Less Than 20 Percent And Greater Than Or Equal To Negative 20 Percent [Member] \| Performance Restricted Stock Units
Additional Disclosures [Abstract]
Performance shares vesting percentage						50.00%
Share-Based Compensation Award, Tranche Four [Member] \| Share-Based Compensation Award, Performance Criteria, Absolute Total Shareholder Return Milestones, Less Than Negative 20 Percent [Member] \| Performance Restricted Stock Units
Additional Disclosures [Abstract]
Performance shares vesting percentage						0.00%

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares [Roll Forward]
Treasury stock, shares	2,670,743
Shares, Issued (in shares)	(377,218)	(507,660)	(221,850)
Treasury Stock, shares acquired	1,900,000
Treasury stock, shares	4,094,785	2,670,743
Common stock, shares authorized	125,000,000	125,000,000
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Common stock, shares issued	37,433,817	37,508,877
Common Stock, shares outstanding	33,339,032	34,838,134
Stock Repurchased During Period, Value	$ (32,034)
Deficiency of stock option proceeds recorded to retained earnings	$ (2,141)	$ 1,500
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares [Roll Forward]
Granted (in shares)	(73,400)	(93,800)	(85,500)

Other Income (Expense) (Detail) - USD ($) $ in Thousands	12 Months Ended
Other Income (Expense) (Detail) - USD ($) $ in Thousands	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016
Other Income and Expenses [Abstract]
Foreign currency transaction gains (losses)	$ 113	$ 713	$ (5,457)
Foreign currency exchange derivative (losses) gains	(11)	(88)	77
Interest income	69	86	106
Other	7	19	(205)
Other income (expense)	$ 178	$ 730	$ (5,479)

Segment Information (Detail) $ in Thousands	3 Months Ended								12 Months Ended
Segment Information (Detail) $ in Thousands	Oct. 31, 2018 USD ($)	Jul. 31, 2018 USD ($)	Apr. 30, 2018 USD ($)	Jan. 31, 2018 USD ($)	Oct. 31, 2017 USD ($)	Jul. 31, 2017 USD ($)	Apr. 30, 2017 USD ($)	Jan. 31, 2017 USD ($)	Oct. 31, 2018 USD ($) segment	Oct. 31, 2017 USD ($)	Oct. 31, 2016 USD ($)
Segment Reporting Information [Line Items]
Income tax benefit (expense)									$ 875	$ (6,819)	$ 3,765
General and Administrative Expense									$ 18,700	17,000	19,100
Number of segments \| segment									3
Net sales									$ 889,785	866,555	928,184
Depreciation and amortization									51,822	57,495	53,146
Operating income (loss)	$ 11,641	$ 17,087	$ 8,136	$ (489)	$ 16,231	$ 17,352	$ 4,625	$ (3,841)	36,375	34,367	36,353
Interest Expense									11,100	9,595	36,498
Other, net									178	730	(5,479)
Capital expenditures									26,484	34,564	37,243
Long-lived assets, net	542,916				573,103				542,916	573,103
Goodwill	219,627				222,194				219,627	222,194	217,035
Assets	741,849				773,879				741,849	773,879
Net sales	244,086	$ 239,821	$ 214,212	$ 191,666	232,959	$ 229,367	$ 209,133	$ 195,096	889,785	866,555	928,184
Goodwill, Translation Adjustments									(2,567)	5,159
Income (loss) from continuing operations									26,328	18,683	(1,859)
EU Engineered Components
Segment Reporting Information [Line Items]
Goodwill, Translation Adjustments									(2,567)
United States
Segment Reporting Information [Line Items]
Net sales									676,776	667,063	724,045
Long-lived assets, net	384,595				404,732				384,595	404,732
Europe
Segment Reporting Information [Line Items]
Net sales									159,652	148,370	150,710
Canada
Segment Reporting Information [Line Items]
Net sales									23,610	24,442	24,141
Asia
Segment Reporting Information [Line Items]
Net sales									18,584	17,028	20,404
Other foreign countries
Segment Reporting Information [Line Items]
Net sales									11,163	9,652	8,884
Germany
Segment Reporting Information [Line Items]
Long-lived assets, net	16,507				20,052				16,507	20,052
UNITED KINGDOM
Segment Reporting Information [Line Items]
Long-lived assets, net	141,814				148,319				$ 141,814	148,319
Operating Segments \| NA Engineered Components
Segment Reporting Information [Line Items]
Number of segments \| segment									4
Net sales									$ 485,366	474,878	538,249
Depreciation and amortization									27,248	34,308	29,793
Operating income (loss)									31,484	26,311	34,229
Capital expenditures									13,929	18,822	22,114
Goodwill	38,712				38,712				38,712	38,712	38,712
Assets	239,915				258,315				239,915	258,315
Net sales									485,366	474,878	538,249
Goodwill, Translation Adjustments									0	0
Operating Segments \| EU Engineered Components
Segment Reporting Information [Line Items]
Net sales									159,973	147,963	150,203
Depreciation and amortization									9,607	8,833	9,339
Operating income (loss)									12,702	13,673	13,225
Capital expenditures									5,450	7,841	6,141
Goodwill	67,168				69,735				67,168	69,735	64,576
Assets	214,704				219,622				214,704	219,622
Net sales									159,973	147,963	150,203
Goodwill, Translation Adjustments										5,159
Operating Segments \| NA Cabinet Components
Segment Reporting Information [Line Items]
Net sales									249,813	248,808	248,119
Depreciation and amortization									14,401	13,811	13,453
Operating income (loss)									3,248	4,128	5,475
Capital expenditures									6,965	7,349	8,709
Goodwill	113,747				113,747				113,747	113,747	113,747
Assets	272,313				285,457				272,313	285,457
Net sales									249,813	248,808	248,119
Goodwill, Translation Adjustments									0	0
Operating Segments \| Non-fenestration \| United States \| NA Engineered Components
Segment Reporting Information [Line Items]
Net sales									18,211	25,263	36,986
Operating Segments \| Non-fenestration \| United States \| NA Cabinet Components
Segment Reporting Information [Line Items]
Net sales									232,990	229,550	223,664
Operating Segments \| Non-fenestration \| International \| NA Engineered Components
Segment Reporting Information [Line Items]
Net sales									15,846	15,642	18,253
Operating Segments \| Non-fenestration \| International \| EU Engineered Components
Segment Reporting Information [Line Items]
Net sales									24,558	18,520	15,160
Operating Segments \| Non-fenestration \| International \| NA Cabinet Components
Segment Reporting Information [Line Items]
Net sales									2,227	2,175	2,676
Operating Segments \| Fenestration \| United States \| NA Engineered Components
Segment Reporting Information [Line Items]
Net sales									412,000	399,694	444,571
Operating Segments \| Fenestration \| United States \| EU Engineered Components
Segment Reporting Information [Line Items]
Net sales									0	303	412
Operating Segments \| Fenestration \| United States \| NA Cabinet Components
Segment Reporting Information [Line Items]
Net sales									14,596	17,083	21,779
Operating Segments \| Fenestration \| International \| NA Engineered Components
Segment Reporting Information [Line Items]
Net sales									39,309	34,279	38,439
Operating Segments \| Fenestration \| International \| EU Engineered Components
Segment Reporting Information [Line Items]
Net sales									135,415	129,140	134,631
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales									(5,367)	(5,094)	(8,387)
Corporate, Non-segment
Segment Reporting Information [Line Items]
Net sales									(5,367)	(5,094)	(8,387)
Depreciation and amortization									566	543	561
Operating income (loss)									(11,059)	(9,745)	(16,576)
Capital expenditures									140	552	279
Goodwill	0				0				0	0	0
Assets	$ 14,917				$ 10,485				14,917	10,485
Net sales									(5,367)	(5,094)	(8,387)
Goodwill, Translation Adjustments									$ 0	$ 0
Continuing Operations
Segment Reporting Information [Line Items]
Capital expenditures											$ 37,243

Earnings Per Share (Detail) - USD ($)	12 Months Ended
Earnings Per Share (Detail) - USD ($)	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016
Earnings Per Share Disclosure [Line Items]
Income (loss) from continuing operations	$ 26,328,000	$ 18,683,000	$ (1,859,000)
Weighted average number of shares outstanding, basic	34,701,000	34,230,000	33,876,000
Weighted average number of shares outstanding, diluted	35,025,000	34,837,000	33,876,000
Basic earnings (loss) per share (usd per share)	$ (0.76)	$ (0.55)	$ 0.05
Earnings (loss) from continuing operations	$ 0.75	$ 0.54
Antidilutive securities	1,000,356	686,650	807,372
Stock options
Earnings Per Share Disclosure [Line Items]
Weighted Average Dilutive Securities	198,000	446,000	378,542
Restricted stock
Earnings Per Share Disclosure [Line Items]
Weighted Average Dilutive Securities	126,000	138,000	152,227
Performance Shares
Earnings Per Share Disclosure [Line Items]
Weighted Average Dilutive Securities	0	23,000
Performance Shares
Earnings Per Share Disclosure [Line Items]
Dilutive Securities			$ 67,550

Unaudited Quarterly Data (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Oct. 31, 2018	Jul. 31, 2018	Apr. 30, 2018	Jan. 31, 2018	Oct. 31, 2017	Jul. 31, 2017	Apr. 30, 2017	Jan. 31, 2017	Oct. 31, 2018	Oct. 31, 2017	Oct. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 244,086	$ 239,821	$ 214,212	$ 191,666	$ 232,959	$ 229,367	$ 209,133	$ 195,096	$ 889,785	$ 866,555	$ 928,184
Cost of sales (excluding depreciation and amortization)	187,776	185,610	168,741	154,440	178,325	176,758	162,132	154,947	696,567	672,162	710,644
Depreciation and amortization	12,548	12,691	13,310	13,273	13,794	13,915	14,380	15,406
Operating (loss) income	11,641	17,087	8,136	(489)	16,231	17,352	4,625	(3,841)	36,375	34,367	36,353
Net income	$ 6,492	$ 10,753	$ 4,136	$ 4,947	$ 10,732	$ 10,215	$ 1,462	$ (3,726)	$ 26,328	$ 18,683	$ (1,859)
Basic earnings (loss) per share (usd per share)									$ 0.76	$ 0.55	$ (0.05)
Earnings (loss) from continuing operations									0.75	0.54
Basic earnings (loss) per share (usd per share)	$ 0.19	$ 0.31	$ 0.12	$ 0.14	$ 0.31	$ 0.30	$ 0.04	$ (0.11)	0.76	0.55	(0.05)
Diluted earnings (loss) per share (usd per share)	0.19	0.31	0.12	0.14	0.31	0.29	0.04	(0.11)	0.75	0.54	(0.05)
Cash dividends paid per common share (usd per share)	$ 0.08	$ 0.04	$ 0.04	$ 0.04	$ 0.04	$ 0.04	$ 0.04	$ 0.04	$ 0.20	$ 0.16	$ 0.16

New Accounting Guidance Adopted (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016	Oct. 31, 2018
New Accounting Pronouncement, Early Adoption [Line Items]
Excess Tax Benefits Impact to Cash Flow	$ 200	$ 100
Deferred income taxes	21,960		$ 17,215
Other assets	8,975		9,255
Long-term debt	218,184		$ 209,332
Impact to Financing Activities on Cash Flow	$ 1,000	$ 800