0001423221-23-000016 | 10-K | XBRL Viewer | Quanex Building Products Corp

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Retirement Plans (Detail)	12 Months Ended			24 Months Ended	34 Months Ended
Retirement Plans (Detail)	Oct. 31, 2023 USD ($) plan	Oct. 31, 2022 USD ($)	Oct. 31, 2021 USD ($)	Jan. 01, 2020	Oct. 31, 2023 USD ($) plan
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Projected benefit obligation	$ 32,529,000	$ 42,379,000
Service cost	383,000	860,000	$ 850,000
Interest cost	1,558,000	806,000	756,000
Actuarial loss (gain)	1,315,000	(6,944,000)
Benefits paid	(389,000)	(349,000)
Administrative expenses	(356,000)	(604,000)
Settlements	(35,040,000)	(3,619,000)
Projected benefit obligation	0	32,529,000	42,379,000		$ 0
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets	0	28,612,000	37,642,000		0
Actual return on plan assets	862,000	(4,458,000)
Employer contributions	6,311,000	0	500,000
Benefits paid	(389,000)	(349,000)
Administrative expenses	(356,000)	(604,000)
Settlements	(35,040,000)	(3,619,000)
Noncurrent liability - Funded Status	0	(3,917,000)			0
Accumulated other comprehensive income (loss), net gains (losses), before tax	0	3,600,000			0
Aggregate accumulated benefit obligation	0	32,500,000			$ 0
Net periodic benefit cost:
Service cost	383,000	860,000	850,000
Interest cost	$ 1,558,000	806,000	756,000
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other, net
Expected return on plan assets	$ (1,465,000)	(1,991,000)	(1,960,000)
Amortization of net loss	$ 42,000	6,000	143,000
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other, net
Settlements	$ (5,431,000)	(396,000)	(222,000)
Net periodic benefit cost	5,949,000	77,000	11,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax [Abstract]
Net loss (gain) arising during the period	1,915,000	(495,000)	(5,112,000)
Less: Amortization of net loss	42,000	6,000	143,000
Settlements	(5,431,000)	(396,000)	(222,000)
Total recognized in other comprehensive income	$ (3,558,000)	$ (897,000)	$ (5,477,000)
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Benefit Obligation, Discount rate	0.00%	5.36%	2.77%		0.00%
Benefit Obligation, Rate of compensation increase	0.00%	0.00%	0.00%		0.00%
Net Periodic Benefit Cost, Discount rate	5.36%	2.77%	2.60%
Net Periodic Benefit Cost, Rate of compensation increase	0.00%	0.00%	0.00%
Net Periodic Benefit Cost, Expected long-term return on assets	5.50%	5.50%	6.00%
Fair value of plan assets	$ 0	$ 28,612,000	$ 37,642,000		$ 0
Employer contributions	$ 6,311,000	0	500,000
Number Of Defined Contribution Plans \| plan	2				2
Defined Contribution Plan, Employer Matching Contribution, Percent of Match				50.00%	100.00%
Employer matching contribution, percent of employees' gross pay				5.00%	5.00%
Employer discretionary contribution amount	$ 6,500,000	6,800,000	$ 6,300,000
Supplemental benefit plan liability	2,000,000	1,900,000			$ 2,000,000
Deferred compensation liability	3,900,000	3,300,000			$ 3,900,000
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Settlement	$ (35,040,000)	$ (3,619,000)
NA Cabinet Components
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Employer matching contribution, percent of employees' gross pay					4.00%
Equity securities
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Actual Allocation		0.00%
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Actual Allocation		0.00%
Defined Benefit Plan, Plan Assets, Category [Line Items]
Actual Allocation		0.00%
Money market fund
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets		$ 22,508,000
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Fair value of plan assets		22,508,000
Fixed income
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets		$ 6,104,000
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Actual Allocation		100.00%
Fair value of plan assets		$ 6,104,000
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Actual Allocation		100.00%
Defined Benefit Plan, Plan Assets, Category [Line Items]
Actual Allocation		100.00%
High-quality core bond
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets		$ 4,980,000
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Fair value of plan assets		4,980,000
High-quality government bond
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets		547,000
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Fair value of plan assets		547,000
High-yield bond
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets		577,000
Defined Benefit Plan, Assumptions Used in Calculations [Abstract]
Fair value of plan assets		$ 577,000

New Accounting Guidance	12 Months Ended
New Accounting Guidance	Oct. 31, 2023
Accounting Changes and Error Corrections [Abstract]
New Accounting Guidance	New Accounting Guidance From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (FASB) or other standards setting bodies that we adopt as of the specified effective date. We did not adopt any new accounting pronouncements during the twelve months ended October 31, 2023. As of October 31, 2023, we believe the impact of any recently issued standards that are not yet effective are either not applicable to us at this time or will not have a material impact on our condensed consolidated financial statements upon adoption.

Business Combinations and Asset Acquisitions

12 Months Ended

Oct. 31, 2023

Business Combinations [Abstract]

Asset Acquisition

Acquisition

On November 1, 2022, we entered into an Asset Purchase Agreement (the “Purchase Agreement”) with LMI Custom Mixing, LLC (“LMI”) and the equity owners of LMI, Lauren International, Ltd. and Meteor-US-Beteiligungs GMBH. Under the Purchase Agreement, we acquired substantially all of the operating assets comprising LMI’s polymer mixing and rubber compound production business (collectively, the “Purchased Assets”) and also agreed to assume certain liabilities relating to the Purchased Assets (collectively, the “Acquisition”). As consideration for the Purchased Assets, we paid $91.3 million in cash utilizing funds borrowed under our Credit Facility. Subsequent to the Acquisition, we had approximately $215 million available for use under the Credit Facility. For the twelve months ended October 31, 2023, our consolidated operating results included net sales of $75.6 million and operating income of $8.3 million associated with LMI. In connection with the Acquisition, we amended our existing finance lease with Lauren Real Estate Holding LLC for the purpose of adding an additional lease renewal option and increasing rental space by approximately 60,000 square feet of rental space which was added to the 313,595 square feet of rentable area located in Cambridge, Ohio.

The purchase price has been 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	$	7,012
Inventories, net	5,684
Other assets	790
Property, plant and equipment, net	35,887
Goodwill	41,393
Intangible assets, net	19,500
Accounts payable	(4,736)
Accrued liabilities	(507)
Long-term debt (finance leases)	(13,721)
Net assets acquired	$	91,302
Consideration:
Cash, net of cash and cash equivalents acquired	$	91,302

We used recognized valuation techniques to determine the preliminary fair value of the assets and liabilities, including the excess earnings method for customer relationships and relief from royalty method for trade names and other technology with a discount rate that reflects the risk of the expected future cash flows. The goodwill balance is deductible for tax purposes. LMI is allocated entirely to our North American Fenestration reportable operating segment.

Pro Forma Results

We calculated the pro forma impact of the LMI acquisitions and the associated debt financing on our operating results for the twelve months ended October 31, 2022 and 2021. The following pro forma results give effect to these acquisitions, assuming the transaction occurred on November 1, 2021.



	For the Years Ended
	October 31, 2022		October 31, 2021
	(In thousands, except per share amounts)
	(Unaudited)
Net sales	$	1,291,620	$	1,129,355
Net income	$	94,235	$	61,621
Basic earnings per share	$	2.85	$	1.86
Diluted earnings per share	$	2.84	$	1.84

We derived the pro forma results for the LMI acquisition based on historical financial information obtained from the sellers and certain management assumptions. Our pro forma adjustments relate to the elimination of LMI intercompany sales to our North American Fenestration reportable segment and related cost of sales, incremental depreciation and amortization expense associated with property, plant and equipment and intangible assets to affect the transactions, assuming a November 1, 2021 effective date. In addition, we calculated the tax impact of these adjustments at a 25% effective tax rate.

Accrued Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Accrued Liabilities [Abstract]
Payroll, payroll taxes and employee benefits	$ 18,184	$ 23,878
Accrued insurance and workers compensation	7,754	7,232
Sales allowances	5,237	7,456
Deferred compensation (current portion)	1,969	0
Goods and services	4,189	0
Deferred revenue	1,021	792
Warranties	15	13
Audit, legal, and other professional fees	3,572	3,136
Accrued taxes, other	1,980	2,864
Freight	1,071	666
Utilities	1,389	539
Other	3,938	5,538
Accrued liabilities	$ 50,319	$ 52,114

Cover - USD ($)	12 Months Ended
Cover - USD ($)	Oct. 31, 2023	Dec. 07, 2023	Apr. 30, 2023
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Oct. 31, 2023
Current Fiscal Year End Date	--10-31
Document Transition Report	false
Entity File Number	1-33913
Entity Registrant Name	QUANEX BUILDING PRODUCTS CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-1561397
Entity Address, Address Line One	945 Bunker Hill Road
Entity Address, Address Line Two	Suite 900
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77024
City Area Code	713
Local Phone Number	961-4600
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	NX
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 618,523,093
Entity Common Stock, Shares Outstanding		33,002,119
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Central Index Key	0001423221
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Documents Incorporated by Reference	Portions of the Registrant’s definitive Proxy Statement for its 2024 Annual Meeting of Stockholders to be filed with the Commission within 120 days of October 31, 2023 are incorporated herein by reference in Part III of this Annual Report on Form 10-K.

Income Tax (Tables)

12 Months Ended

Oct. 31, 2023

Income Tax Disclosure [Abstract]

Components of Income Tax Expense (Benefit)

The following table summarizes the components of income tax expense for the years ended October 31, 2023, 2022 and 2021 (in thousands):


	Year Ended October 31,
	2023		2022		2021
Current
Federal	$	2,631	$	11,553	$	10,993
State and local	1,860		740		3,447
Non-United States	4,907		7,037		6,889
Total current	9,398		19,330		21,329
Deferred
Federal	4,637		2,127		(842)
State and local	1,015		(229)		(277)
Non-United States	(505)		199		2,904
Total deferred	5,147		2,097		1,785
Total income tax expense	$	14,545	$	21,427	$	23,114

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

For financial reporting purposes, income before income taxes for the years ended October 31, 2023, 2022 and 2021 includes the following components (in thousands):


	Year Ended October 31,
	2023		2022		2021
Domestic	$	42,586	$	64,850	$	36,879
Foreign	54,460		44,913		43,215
Total income before income taxes	$	97,046	$	109,763	$	80,094

Effective Income Tax Rate

The following table reconciles our effective income tax rate to the federal statutory rate for the years ended October 31, 2023, 2022 and 2021:


	Year Ended October 31,
	2023		2022		2021
United States tax at statutory rate	21.0	%	21.0	%	21.0	%
State and local income taxes net of federal tax benefit	1.8	%	1.6	%	2.3	%
Foreign tax rate differential	1.1	%	0.3	%	0.5	%
U.K. patent box benefit	(5.9)	%	(1.2)	%	(1.4)	%
U.S. income tax credits	(4.9)	%	(3.2)	%	(4.2)	%
Foreign inclusions (including global intangible low-taxed income)	4.6	%	3.2	%	4.2	%
Permanent differences	1.3	%	0.6	%	1.7	%
Tax return to accrual adjustments	(2.3)	%	(3.0)	%	(1.5)	%
Change in deferred tax rate	—	%	—	%	3.9	%



Change in uncertain tax position	(1.1)	%	—	%	1.1	%




Other	(0.6)	%	0.2	%	1.3	%
Effective tax rate	15.0	%	19.5	%	28.9	%

Deferred Tax Assets and Liabilities

Significant components of our net deferred tax liabilities and assets were as follows (in thousands):


	October 31,
	2023		2022
Deferred tax assets:
Employee benefit obligations	$	6,148	$	8,046
Accrued liabilities and reserves	1,130		1,430
Pension and other benefit obligations	27		1,426
Inventory	1,159		1,409

Research and development	2,075		—
Loss and tax credit carry forwards	1,203		1,589
Other	98		—
Total gross deferred tax assets	11,840		13,900
Less: Valuation allowance	585		534
Total deferred tax assets, net of valuation allowance	11,255		13,366
Deferred tax liabilities:
Property, plant and equipment	21,480		15,467

Goodwill and intangibles	18,908		20,162
Other	—		14
Total deferred tax liabilities	40,388		35,643
Net deferred tax liabilities	$	29,133	$	22,277

Unrecognized Tax Benefits

The following table shows the change in the unrecognized income tax benefit associated with uncertain tax positions for the years ended October 31, 2023, 2022 and 2021 (in thousands):


	Unrecognized Income Tax Benefits




Balance at October 31, 2020	$	522

Additions for tax positions related to the prior year	953
Reassessment of position	(87)
Balance at October 31, 2021	$	1,388


Reassessment of position	(27)
Balance at October 31, 2022	$	1,361


Lapse of statute of limitations	(1,111)
Balance at October 31, 2023	$	250

Goodwill and Intangible Assets (Detail)	12 Months Ended
Goodwill and Intangible Assets (Detail)	Oct. 31, 2023 USD ($) unit	Oct. 31, 2022 USD ($)	Oct. 31, 2021 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 137,855,000	$ 149,205,000
Foreign currency translation adjustment	3,708,000	(11,350,000)
Ending balance	$ 182,956,000	137,855,000	$ 149,205,000
Finite-Lived Intangible Assets [Line Items]
Number of reportable units with goodwill balances \| unit	6
Goodwill	$ 182,956,000	137,855,000	149,205,000
Gross Carrying Amount	238,275,000	216,386,000
Accumulated Amortization	(164,160,000)	(151,351,000)
Intangible assets amortization expense	12,100,000	11,900,000	12,800,000
Impairment of intangible assets	0	0	$ 0
Estimated Amortization Expense
2024	11,278,000
2025	10,051,000
2026	9,976,000
2027	9,977,000
2028	4,743,000
Thereafter	28,090,000
Intangible assets, net	74,115,000	65,035,000
Goodwill, Acquired During Period	$ 41,393,000
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted Average Useful Life	11 years
Gross Carrying Amount	$ 157,629,000	139,607,000
Accumulated Amortization	$ (99,230,000)	(88,646,000)
Trademarks and trade names
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted Average Useful Life	6 years
Gross Carrying Amount	$ 55,519,000	54,389,000
Accumulated Amortization	$ (42,879,000)	(40,610,000)
Patents and other technology
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted Average Useful Life	13 years
Gross Carrying Amount	$ 25,127,000	22,390,000
Accumulated Amortization	(22,051,000)	(22,095,000)
Woodcraft
Goodwill [Roll Forward]
Ending balance	39,200,000
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 39,200,000
NA Fenestration
Finite-Lived Intangible Assets [Line Items]
Number of reportable units with goodwill balances \| unit	3
NA Engineered Components Unit One
Goodwill [Roll Forward]
Ending balance	$ 41,400,000
Finite-Lived Intangible Assets [Line Items]
Goodwill	41,400,000
NA Engineered Components Unit Two
Goodwill [Roll Forward]
Ending balance	2,800,000
Finite-Lived Intangible Assets [Line Items]
Goodwill	2,800,000
NA Engineered Components Unit Three
Goodwill [Roll Forward]
Ending balance	35,900,000
Finite-Lived Intangible Assets [Line Items]
Goodwill	35,900,000
EU Fenestration
Goodwill [Roll Forward]
Foreign currency translation adjustment	$ 3,708,000	$ (11,350,000)
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	$ 47,800,000
Finite-Lived Intangible Assets [Line Items]
Goodwill	47,800,000
EU Engineered Components Unit Two [Member]
Goodwill [Roll Forward]
Ending balance	15,900,000
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 15,900,000
NA Cabinet Components
Finite-Lived Intangible Assets [Line Items]
Number of reportable units with goodwill balances \| unit	1

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Current
Federal	$ 2,631	$ 11,553	$ 10,993
State and local	1,860	740	3,447
Non-United States	4,907	7,037	6,889
Total current	9,398	19,330	21,329
Deferred
Federal	4,637	2,127	(842)
State and local	1,015	(229)	(277)
Non-United States	(505)	199	2,904
Total deferred	5,147	2,097	1,785
Total income tax expense	14,545	21,427	23,114
Domestic	42,586	64,850	36,879
Foreign	54,460	44,913	43,215
Total income before income taxes	$ 97,046	$ 109,763	$ 80,094
Effective Income Tax Rate Reconciliation, Percent [Abstract]
United States tax at statutory rate	21.00%	21.00%	21.00%
State and local income taxes net of federal tax benefit	1.80%	1.60%	2.30%
Foreign tax rate differential	1.10%	0.30%	0.50%
U.K. patent box benefit	(5.90%)	(1.20%)	(1.40%)
U.S. income tax credits	(4.90%)	(3.20%)	(4.20%)
Foreign inclusions (including global intangible low-taxed income)	4.60%	3.20%	4.20%
Effective Income Tax Rate Reconciliation, Permanent Differences	1.30%	0.60%	1.70%
Effective Income Tax Rate Reconciliation, Tax return to accrual adjustments	(2.30%)	(3.00%)	(1.50%)
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent	0.00%	0.00%	3.90%
Effective Income Tax Rate Reconciliation, Change in uncertain tax position	(1.10%)	0.00%	1.10%
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent	(0.60%)	0.20%	1.30%
Effective tax rate	15.00%	19.50%	28.90%
Deferred tax assets:
Employee benefit obligations	$ 6,148	$ 8,046
Accrued liabilities and reserves	1,130	1,430
Pension and other benefit obligations	27	1,426
Inventory	1,159	1,409
Loss and tax credit carry forwards	1,203	1,589
Other	98	0
Total gross deferred tax assets	11,840	13,900
Less: Valuation allowance	585	534
Total deferred tax assets, net of valuation allowance	11,255	13,366
Deferred tax liabilities:
Property, plant and equipment	21,480	15,467
Goodwill and intangibles	18,908	20,162
Deferred Tax Liabilities, Other	0	14
Total deferred tax liabilities	40,388	35,643
Net deferred tax liabilities	29,133	22,277
Unrecognized Tax Benefits [Roll Forward]
Unrecognized Tax Benefits	1,361	1,388	$ 522
Additions for tax positions related to the prior year			953
Reassessment of position	(1,111)	(27)	(87)
Unrecognized Tax Benefits	250	1,361	1,388
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	$ 1,111	$ 27	$ 87

Retirement Plans (Tables)

12 Months Ended

Oct. 31, 2023

Retirement Benefits [Abstract]

Funded Status and Net periodic Benefit Cost

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


	October 31,
Change in Benefit Obligation:	2023		2022
Beginning balance as of November 1, 2022 and 2021	$	32,529	$	42,379
Service cost	383		860
Interest cost	1,558		806
Actuarial loss (gain)	1,315		(6,944)
Benefits paid	(389)		(349)
Administrative expenses	(356)		(604)

Settlements	(35,040)		(3,619)
Projected benefit obligation at October 31, 2023 and 2022	$	—	$	32,529
Change in Plan Assets:
Beginning balance as of November 1, 2022 and 2021	$	28,612	$	37,642
Actual return on plan assets	862		(4,458)
Employer contributions	6,311		—
Benefits paid	(389)		(349)
Administrative expenses	(356)		(604)
Settlements	(35,040)		(3,619)
Fair value of plan assets at October 31, 2023 and 2022	$	—	$	28,612
Noncurrent liability - Funded Status	$	—	$	(3,917)

Net Periodic Pension Cost

The net periodic benefit cost for the years ended October 31, 2023, 2022 and 2021, was as follows (in thousands):


	Year Ended October 31,
	2023		2022		2021
Service cost	$	383	$	860	$	850
Interest cost	1,558		806		756
Expected return on plan assets	(1,465)		(1,991)		(1,960)
Amortization of net loss	42		6		143
Settlements	5,431		396		222
Net periodic benefit cost	$	5,949	$	77	$	11

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, 2023, 2022 and 2021 were as follows (in thousands):


	Year Ended October 31,
	2023		2022		2021
Net loss (gain) arising during the period	$	1,915	$	(495)	$	(5,112)
Less: Amortization of net loss	42		6		143

Less: Settlements	5,431		396		222
Total recognized in other comprehensive income	$	(3,558)	$	(897)	$	(5,477)

Assumptions Used in Benefit Calculations

The following table presents our assumptions for pension benefit calculations for the years ended October 31, 2023, 2022 and 2021:


	For the Year Ended October 31,
	2023	2022	2021	2023	2022	2021
Weighted Average Assumptions:	Benefit Obligation			Net Periodic Benefit Cost
Discount rate	—%	5.36%	2.77%	5.36%	2.77%	2.60%
Rate of compensation increase	—%	—%	—%	—%	—%	—%
Expected return on plan assets	n/a	n/a	n/a	5.50%	5.50%	6.00%

Allocation and Fair Value of Pension Assets

The following tables provides our asset allocation by asset category and fair value measurements as of October 31, 2022. Our asset balance as of October 31, 2023 was zero as all funds were used during the settlement process.


	Actual Allocation
	October 31, 2022
Equity securities	—	%
Fixed income	100.0	%


	Fair Value Measurements at
	October 31, 2022
	(In thousands)
Money market fund	$	22,508







High-quality core bond	4,980
High-quality government bond	547
High-yield bond	577
Fixed income	$	6,104
Total securities(1)	$	28,612

Commitments and Contingencies (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Amount purchased under purchase obligations	$ 10.1	$ 11.0
Purchased obligation amount due within the next fiscal year	$ 7.9	$ 7.6
Deprecation and accretion period	7 years
Cumulative asset retirement obligation	$ 2.3

Inventories

12 Months Ended

Oct. 31, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories consisted of the following at October 31, 2023 and 2022 (in thousands):


	October 31,
	2023		2022
Raw materials	$	55,500	$	68,455
Finished goods and work in process	43,394		54,013
Supplies and other	2,179		1,551
Total	101,073		124,019
Less: Inventory reserves	3,114		3,129
Inventories, net	$	97,959	$	120,890

The changes in our inventory reserve accounts were as follows (in thousands):


	Year Ended October 31,
	2023		2022		2021
Beginning balance as of November 1, 2022, 2021 and 2020	$	3,129	$	2,936	$	6,484
Charged to cost of sales	210		494		(568)
Write-offs	(293)		(133)		(3,060)
Other	68		(168)		80
Balance as of October 31, 2023, 2022 and 2021	$	3,114	$	3,129	$	2,936

Goodwill and Intangible Assets

12 Months Ended

Oct. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Acquired Intangible Assets

Goodwill and Intangible Assets

Goodwill

The change in the carrying amount of goodwill for the years ended October 31, 2023 and 2022 was as follows (in thousands):


	Year Ended October 31,
	2023		2022
Beginning balance as of November 1, 2022 and 2021	$	137,855	$	149,205
LMI acquisition	41,393		—


Foreign currency translation adjustment	3,708		(11,350)
Balance as of October 31, 2023 and 2022	$	182,956	$	137,855

At our annual testing date, August 31, 2023, we had six reporting units with goodwill balances. Three of these units were included in our NA Fenestration segment and had goodwill balances of $41.4 million, $35.9 million and $2.8 million, two units were included in our EU Fenestration segment with goodwill balances of $47.8 million and $15.9 million, and our NA Cabinet Components segment had one unit with a goodwill balance of $39.2 million. The details of the results of our goodwill assessments during the year ended October 31, 2023 are more fully described at Note 1, “Nature of Operations, Basis of Presentation and Significant Accounting Policies - Long-Lived Assets - Goodwill.” For a summary of the change in the carrying amount of goodwill by segment, see Note 17, “Segment Information.”

Identifiable Intangible Assets

Amortizable intangible assets consisted of the following as of October 31, 2023 and 2022 (in thousands):


	October 31, 2023	October 31, 2023				October 31, 2022
	Remaining Weighted Average Useful Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships	11 years	$	157,629	$	99,230	$	139,607	$	88,646
Trademarks and trade names	6 years	55,519		42,879		54,389		40,610
Patents and other technology	13 years	25,127		22,051		22,390		22,095

Total		$	238,275	$	164,160	$	216,386	$	151,351

We do not estimate a residual value associated with these intangible assets. See additional disclosure at Note 1, "Nature of Operations, Basis of Presentation and Significant Accounting Policies - Restructuring."

The aggregate amortization expense associated with identifiable intangible assets for the years ended October 31, 2023, 2022, and 2021 was $12.1 million, $11.9 million and $12.8 million, respectively.

Estimated remaining amortization expense, assuming current intangible balances and no new acquisitions, for future fiscal years as of October 31, 2023 (in thousands):


	Estimated Amortization Expense
2024	$	11,278
2025	10,051
2026	9,976
2027	9,977
2028	4,743
Thereafter	28,090
Total	$	74,115

We did not incur impairment losses related to our identifiable intangible assets during the years ended October 31, 2023, 2022, and 2021.

Nature of Operations, Basis of Presentation and Significant Accounting Policies

12 Months Ended

Oct. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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 custom mixing, 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: (1) North American Fenestration (NA Fenestration), (2) European Fenestration (EU Fenestration) and (3) North American Cabinet Components (NA Cabinet Components). For additional discussion of our reportable business segments, see Note 17, “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 (U.K.), and also serve customers in international markets through our operating plants in the U.K. 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, pension and retirement liabilities, contingencies and income taxes. Changes in facts and circumstances may result in revised estimates and actual results may differ from these estimates.

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

Revenue from Contracts with Customers

Revenue recognition

We recognize revenue that reflects the consideration we expect to receive for product sales upon transfer to customers. Revenue for product sales is recognized when control of the promised products is transferred to our customers, and we are entitled to consideration in exchange for such transfer. We account for a contract when a customer provides us with a firm purchase order that identifies the products to be provided, the payment terms for those products, and when collectability of the consideration due is probable.

Performance obligations

A performance obligation is a promise to provide the customer with a good or service. Our performance obligations include product sales, with each product included in a customer contract being recognized as a separate performance obligation. For contracts with multiple performance obligations, the standalone selling price of each product is generally readily observable.

Revenue from product sales is recognized at a point in time when the product is transferred to the customer, in accordance with the shipping terms, which is generally upon shipment. We estimate a provision for sales returns and warranty allowances to account for product returns related to general returns and product nonconformance.

We generally expense incremental costs of obtaining a contract when incurred because the amortization period would be less than one year. Additionally, we do not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less.

Pricing and sales incentives

Pricing is established at or prior to the time of sale with our customers and we record sales at the agreed-upon net selling price, reflective of current and prospective discounts.

Shipping and handling costs

We account for shipping and handling services as fulfillment services; accordingly, freight revenue is combined with the product deliverable rather than being accounted for as a distinct performance obligation within the terms of the agreement. Shipping and handling costs incurred by us for the delivery of goods to customers are considered a cost to fulfill the contract and are included in cost of sales in the accompanying consolidated statements of income.

Contract assets and liabilities

Deferred revenue, which is not significant, is recorded when we have remaining unsatisfied performance obligations for which we have received consideration.

Disaggregation of revenue

We produce a wide variety of products that are used in the fenestration industry, including insulating glass spacer systems; extruded vinyl products; metal fabricated products; and astragals, thresholds and screens. In addition, we produce certain non-fenestration products, including kitchen and bath cabinet doors and components, flooring and trim moldings, solar edge tape, plastic decking, fencing, water retention barriers, conservatory roof components, and other products.

The following table summarizes our product sales for the three years ended October 31, 2023, 2022, and 2021 into groupings by segment which we believe depicts how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by economic factors. For further details regarding our results by segment, refer to Note 17, “Segment Information.”


	Year Ended October 31,
	2023		2022		2021
	(in thousands)
NA Fenestration:
United States - fenestration	$	518,396	$	609,572	$	507,634
International - fenestration	30,100		35,906		34,610
United States - non-fenestration	103,090		29,039		24,534
International - non-fenestration	15,896		12,941		11,554
	$	667,482	$	687,458	$	578,332
EU Fenestration:

International - fenestration	$	191,871	$	194,854	$	199,511
International - non-fenestration	58,903		67,204		52,088
	$	250,774	$	262,058	$	251,599
NA Cabinet Components:
United States - fenestration	$	16,899	$	17,696	$	13,326
United States - non-fenestration	195,866		254,726		230,559
International - non-fenestration	2,680		3,282		2,190
	$	215,445	$	275,704	$	246,075
Unallocated Corporate & Other:
Eliminations	$	(3,118)	$	(3,718)	$	(3,857)
	$	(3,118)	$	(3,718)	$	(3,857)
Net sales	$	1,130,583	$	1,221,502	$	1,072,149

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 Credit Losses

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, 2023 and 2022, one customer provided more than 10% of our consolidated net sales. For the year ended October 31, 2021, no customer provided more than 10% of our consolidated net sales.

We have established an allowance for credit losses 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, 2023. Different assumptions or changes in economic circumstances could result in changes to the allowance.

Business Combinations

We apply the acquisition method of accounting for business combinations, 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. However, there is a risk that we may not identify all pre-acquisition contingencies or that our estimates may not reflect the actual results when realized. We use a reasonable measurement period to record any adjustment related to the opening balance sheet (generally, less than one year). After the measurement period, changes to the opening balance sheet can result in the recognition of income or expense as period costs. To the extent these items stem from contingencies that existed at the balance sheet date, but are contingent upon the realization of future events, the cost is charged to expense at the time the future event becomes known.

Inventory

We record inventory at the lower of cost or net realizable value. Inventories are valued using the first-in first-out (FIFO) method. Fixed costs related to excess manufacturing capacity are evaluated and expensed in the period, to ensure 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 circumstance 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. 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 circumstance 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 to 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.

During the year ended October 31, 2022, our North American vinyl extrusion operations in our NA Fenestration segment experienced lower-than-expected operating results due to the continued impact of inflation and historical customer contracts which prevent us from passing on the full impact of higher costs to our customers. We determined that this condition was an indicator of a triggering event which necessitated an evaluation of certain long-term assets used in this business 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 and determined that these

assets were not impaired. Should we be unable to successfully increase prices to offset inflation, it is possible that we could incur an impairment in the future.

There were no other indicators of triggering events noted for any period in the years ended October 31, 2023 and 2022. 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, 2023, 2022 and 2021.

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, 2023 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 at least annually. We perform our annual goodwill assessment as of August 31, or more frequently if indicators of impairment exist. Qualitative factors that indicate impairment could include, but are not limited to, (i) macroeconomic conditions, (ii) industry and market considerations, (iii) cost factors, (iv) overall financial performance of the reporting unit, and (v) other relevant entity-specific events. The first step in our annual goodwill assessment is to perform the optional qualitative assessment allowed by ASC Topic 350 “Intangibles - Goodwill and Other” (ASC 350). In our qualitative assessment, we evaluate relevant events or circumstances to determine whether it is more likely than not (i.e., greater than 50%) that the fair value of a reporting unit is less than its carrying amount. If we determine that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, ASC 350 requires us to compare the fair value of such reporting unit to its carrying value including goodwill. To determine the 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 that uses market multiples and a selection of guideline public companies. 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 action is required. Otherwise, an impairment loss is recorded to the extent that the carrying amount of the reporting unit including goodwill exceeds the fair value of that reporting unit. We believe the estimates and assumptions used in our impairment assessment are reasonable based on available market information, but variations in any of the assumptions could result in materially different calculations of fair value and determinations of whether or not an impairment is indicated during current or future periods.

At our annual testing date, August 31, 2023, we had six reporting units with goodwill balances: three reporting units included in our NA Fenestration operating segment, two reporting units included in our EU Fenestration operating segment, and one reporting unit included in our NA Cabinet Components operating segment. We performed a qualitative assessment of three of the reporting units in the NA Fenestration segment and two of the reporting units in the EU Fenestration 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 reporting units. Therefore, no additional testing was deemed necessary for these five reporting units. Also, at our annual testing date, we performed a quantitative assessment of the reporting unit in our NA Cabinet Components segment primarily due to the impairment of goodwill during the second and fourth quarters of 2019 and the history of a narrow margin of fair value above carrying value in quantitative assessments performed in prior years. We determined that the fair value of this reporting unit exceeded the carrying value and concluded that no impairment was 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 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 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 assumed 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.

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 have historically sponsored a defined benefit pension plan. To measure our liabilities associated with these plans, we made assumptions related to future events, including expected return on plan assets, and rate of compensation increases. The discount rate reflected the rate at which benefits could be effectively settled on the measurement date. We determined our discount rate using a FTSE Above Median pension discount curve whereby target yields were developed from bonds across a range of maturity points, and a curve was fitted to those targets. Spot rates (zero coupon bond yields) were developed from the curve and used to discount benefit payments associated with each future year. During the year ended October 31, 2023, the defined benefit pension plan as terminated and the pension obligation was settled.

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 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 ongoing 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 August 16, 2022, the Inflation Reduction Act of 2022 was enacted into U.S. law. This Act did not have a material impact to our consolidated financial statements.

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. 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 U.K. 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 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, 2023 and 2022. See Note 14, “Stock-based Compensation.”

In addition, we have granted performance share awards which use return on net assets as the vesting condition and the awards settle in cash. We use 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 and recognize expense ratably over the vesting period of three years. We estimate that the performance measures will be met and shares will vest at target until the year of settlement (third year of cliff vesting). As of October 31, 2023, we have deemed 122,400 performance share awards related to the December 2020 grants as probable to vest.

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 absolute performance of our common stock 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 use 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. 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. As of October 31, 2023, we have deemed 49,228 shares related to the December 2020 grants of performance restricted stock units as probable to vest.

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, 2023, 2022 and 2021 (in thousands):


	Year Ended October 31,
	2023		2022		2021
Cash paid for interest	$	5,737	$	1,982	$	1,993
Cash paid for income taxes	22,224		26,410		22,160
Cash received from income tax refunds	2,460		2,235		381
Noncash investing and financing activities:
Increase (decrease) in capitalized expenditures in accounts payable	$	1,953	$	(1,692)	$	1,124

Related Party Transactions

Net sales for the year ended October 31, 2023, 2022, and 2021 included approximately $1.2 million, $1.9 million and zero of transactions with a customer which is a related party with one of our non-employee directors. We performed a review of these transactions, of which no single transaction or series of related transactions exceeded $120,000 in amount, and determined that these transactions were enacted independently of each other in fair transactions. We are not aware of any other related party transactions with any of our current non-employee directors or officers outside of their normal business functions or expected contractual duties.

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.

Stock-Based Compensation

12 Months Ended

Oct. 31, 2023

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Stock-Based Compensation

We have established and maintain an Omnibus Incentive Plan (2020 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 2020 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 2020 Plan is 3,139,895 as approved by the shareholders. Any officer, key employee and/or non-employee director is eligible for awards under the 2020 Plan. We grant restricted stock units to non-employee directors on the first business day of each fiscal year. As approved by the Compensation & Management Development Committee of our Board of Directors annually, we grant a mix of restricted stock awards, performance shares and/or performance restricted stock units to officers, management and key employees. We also historically granted stock options to certain officers, directors 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 a restricted stock award is entitled to all of the rights of a shareholder, except that the awards are nontransferable during the vesting period and dividends are not paid until vesting. 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 award activity during the years ended October 31, 2023, 2022 and 2021, follows:


	Restricted Stock Awards	Weighted Average Grant Date Fair Value per Share
Non-vested at October 31, 2020	187,500	$	16.82
Granted	73,300	20.68
Vested	(44,400)	20.70
Forfeited	—	—
Non-vested at October 31, 2021	216,400	17.28
Granted	84,400	22.54
Vested	(88,700)	13.74
Forfeited	—	—
Non-vested at October 31, 2022	212,100	20.86
Granted	94,700	23.49
Vested	(54,400)	18.49
Forfeited	(10,100)	22.30
Non-vested at October 31, 2023	242,300	$	22.36

The total weighted average grant-date fair value of restricted stock awards that vested during the years ended October 31, 2023, 2022 and 2021 was $1.0 million, $1.2 million and $0.9 million, respectively. As of October 31, 2023, total unrecognized compensation cost related to unamortized restricted stock awards totaled $2.2 million. We expect to recognize this expense over the remaining weighted average period of 1.8 years.

Stock Options

Historically, stock options have been awarded to key employees, officers and non-employee directors. In December 2017, the Compensation & Management Development Committee of the Board of Directors approved a change to the long-term incentive award program eliminating the grant of stock options and replacing this award with a grant of performance restricted stock units as further described below. As a result, stock options were not granted during the years ended October 31, 2023, 2022 and 2021. Stock options typically vested 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 was determined on the grant date and expensed over the vesting period resulting in an increase in additional paid-in-capital. We used the Black-Scholes pricing model to estimate the grant date fair value. The inputs to this model included expected volatility, expected term, a risk-free rate and expected dividend rate at the time of grant. For employees who were nearing retirement-eligibility, we recognized stock option expense ratably over the shorter of the vesting period or the period from the grant-date to the retirement-eligibility date.

The following table summarizes our stock option activity for the years ended October 31, 2023, 2022 and 2021.


	Stock Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (000s)
Outstanding at October 31, 2020	1,095,329	$	18.88	3.6	$	561

Exercised	(865,393)	18.80
Forfeited/Expired	(11,632)	18.22
Outstanding at October 31, 2021	218,304	$	19.37	3.4	$	297

Exercised	(35,600)	19.36
Forfeited/Expired	(7,587)	19.04
Outstanding at October 31, 2022	175,117	$	19.39	2.9	$	485

Exercised	(63,587)	19.12
Forfeited/Expired	(4,000)	21.11
Outstanding at October 31, 2023	107,530	19.48		2.3	$	792
Vested at October 31, 2023	107,530	$	19.48	2.3	$	792
Exercisable at October 31, 2023	107,530	$	19.48	2.3	$	792

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, 2023, 2022 and 2021, the total intrinsic value of our stock options that were exercised totaled $0.5 million, $0.2 million and $4.2 million, respectively.

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, 2023, 2022 and 2021, 38,704, 36,669 and 28,826 restricted stock units, respectively, were granted with corresponding weighted average grant date fair value of $20.67, $22.52, and $18.79, respectively. During the fiscal year ended October 31, 2023, 21,774 restricted stock units, which were awarded to key employees, vested. During the years ended October 31, 2023, 2022 and 2021, we paid $0.4 million, $1.0 million and $0.8 million to settle restricted stock units.

Performance Share Awards

We have awarded annual grants of performance shares to key employees and officers. Beginning with the fiscal year ended October 31, 2019, performance share awards vest with return on net assets (RONA) as the vesting condition, pay out 100% in cash, and are accounted for as liability.

The expected cash settlement of the performance share award is recorded as a liability and is being 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 RONA performance metric:



Grant Date	Shares Awarded	Grant Date Fair Value		Shares Forfeited
December 2, 2020	65,300	$	20.68	4,100
December 9, 2021	80,900	$	22.54	4,600
December 7, 2022	89,300	$	23.49	4,600

In December 2022, 101,200 shares vested pursuant to the December 2019 grant, which were settled with a cash payment of $2.2 million. In December 2021, 183,000 shares vested pursuant to the December 2018 grant, which were settled with a cash payment of $3.8 million.

Performance share awards are payable in cash based upon the number of performance shares ultimately earned, and are therefore not considered outstanding shares.

Performance Restricted Stock Units

We awarded performance restricted stock units to key employees and officers. 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%

—%

The following table summarizes our performance restricted stock unit grants and the grant date fair value for the A-TSR performance metric:


Grant Date	Shares Awarded	Grant Date Fair Value		Shares Forfeited
December 2, 2020	38,400	$	20.68	2,900
December 9, 2021	50,900	$	21.06	3,400
December 7, 2022	51,500	$	23.22	3,100

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, 2023, 2022 and 2021 (in thousands):


	Year Ended October 31,
	2023		2022		2021
Restricted stock awards	$	1,712	$	1,452	$	1,235

Restricted stock units	1,686		1,167		1,197
Performance share awards	5,106		2,373		4,039
Performance restricted stock units	809		840		729
Total compensation expense	9,313		5,832		7,200
Income tax effect	1,396		1,138		2,078
Net compensation expense	$	7,917	$	4,694	$	5,122

Receivables & Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
Receivables & Allowance (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Receivables [Abstract]
Trade receivables	$ 97,871	$ 95,851
Other	283	456
Accounts receivable, gross	98,154	96,307
Allowance for accounts receivable	843	289	$ 340
Accounts receivable, net	97,311	96,018
Allowance for Doubtful Accounts Receivable [Roll Forward]
Allowance for accounts receivable	289	340	161
Current period provision for expected credit losses	711	314	267
Amounts written off	(165)	(299)	(88)
Recoveries	0	10	0
Foreign currency translation adjustments	8	(76)	0
Allowance for accounts receivable	$ 843	$ 289	$ 340

Accrued Liabilities (Tables)

12 Months Ended

Oct. 31, 2023

Accrued Liabilities [Abstract]

Accrued Liabilities

Accrued liabilities consisted of the following at October 31, 2023 and 2022 (in thousands):


	October 31,
	2023		2022
Payroll, payroll taxes and employee benefits	$	18,184	$	23,878
Accrued insurance and workers compensation	7,754		7,232
Sales allowances	5,237		7,456
Deferred compensation (current portion)	1,969		—
Goods and services	4,189		—
Deferred revenue	1,021		792
Warranties	15		13
Audit, legal, and other professional fees	3,572		3,136
Accrued taxes, other	1,980		2,864
Freight	1,071		666
Utilities	1,389		539
Other	3,938		5,538
Accrued liabilities	$	50,319	$	52,114

Debt and Capital Lease Obligations - Schedule of Debt Maturities (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Revolving Credit Facility
2024	$ 0
2025	0
2026	0
2027	15,000
2028	0
Thereafter	0
Debt and Capital Lease Obligations	68,800	$ 30,674
Finance Leases and Other Obligations
2024	5,076
2025	4,979
2026	4,812
2027	4,671
2028	4,534
Thereafter	57,936
Total debt payments	82,008
Total, Capital Lease Obligations	55,000
Aggregate Maturities
2024	5,076
2025	4,979
2026	4,812
2027	19,671
2028	4,534
Thereafter	57,936
Long-term debt	97,008
Total	70,000
Finance Lease, Liability, Undiscounted Excess Amount	$ (27,008)

Consolidated Statements of Income (Loss) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Income Statement [Abstract]
Net sales	$ 1,130,583	$ 1,221,502	$ 1,072,149
Cost and expenses:
Cost of sales (excluding depreciation and amortization)	853,059	953,004	831,541
Selling, general and administrative	123,957	117,108	115,967
Restructuring charges	0	0	39
Depreciation and amortization	42,866	40,109	42,732
Operating income	110,701	111,281	81,870
Non-operating (expense) income:
Interest expense	(8,136)	(2,559)	(2,530)
Other, net	(5,519)	1,041	754
Income before income taxes	97,046	109,763	80,094
Income tax expense	(14,545)	(21,427)	(23,114)
Net income	$ 82,501	$ 88,336	$ 56,980
Earnings Per Share [Abstract]
Basic earnings per common share	$ 2.51	$ 2.67	$ 1.72
Diluted earnings per common share	$ 2.50	$ 2.66	$ 1.70
Weighted-average common shares outstanding:
Basic (in shares)	32,819	33,048	33,193
Diluted (in shares)	33,026	33,205	33,495
Cash dividends paid per common share (usd per share)	$ 0.32	$ 0.32	$ 0.32

Nature of Operations, Basis of Presentation and Significant Accounting Policies (Tables)

12 Months Ended

Oct. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Product Sales


	Year Ended October 31,
	2023		2022		2021
	(in thousands)
NA Fenestration:
United States - fenestration	$	518,396	$	609,572	$	507,634
International - fenestration	30,100		35,906		34,610
United States - non-fenestration	103,090		29,039		24,534
International - non-fenestration	15,896		12,941		11,554
	$	667,482	$	687,458	$	578,332
EU Fenestration:

International - fenestration	$	191,871	$	194,854	$	199,511
International - non-fenestration	58,903		67,204		52,088
	$	250,774	$	262,058	$	251,599
NA Cabinet Components:
United States - fenestration	$	16,899	$	17,696	$	13,326
United States - non-fenestration	195,866		254,726		230,559
International - non-fenestration	2,680		3,282		2,190
	$	215,445	$	275,704	$	246,075
Unallocated Corporate & Other:
Eliminations	$	(3,118)	$	(3,718)	$	(3,857)
	$	(3,118)	$	(3,718)	$	(3,857)
Net sales	$	1,130,583	$	1,221,502	$	1,072,149

Property Assets Useful Life

The estimated useful lives of our primary asset categories at October 31, 2023 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, 2023, 2022 and 2021 (in thousands):


	Year Ended October 31,
	2023		2022		2021
Cash paid for interest	$	5,737	$	1,982	$	1,993
Cash paid for income taxes	22,224		26,410		22,160
Cash received from income tax refunds	2,460		2,235		381
Noncash investing and financing activities:
Increase (decrease) in capitalized expenditures in accounts payable	$	1,953	$	(1,692)	$	1,124

Debt and Capital Lease Obligations (Tables)

12 Months Ended

Oct. 31, 2023

Debt Disclosure [Abstract]

Debt & Capital Lease Obligations

Long-term debt consisted of the following at October 31, 2023 and 2022 (in thousands):


	October 31,
	2023		2022
Revolving Credit Facility	$	15,000	$	13,000

Finance lease obligations and other	55,000		19,202
Unamortized deferred financing fees	(1,200)		(1,528)
Total debt	68,800		30,674
Less: Current maturities of long-term debt	2,365		1,046
Long-term debt	$	66,435	$	29,628

Schedule of Margin and Commitment Fee

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


Pricing Level	Consolidated Leverage Ratio	Commitment Fee	Eurocurrency Rate Loans and RFR Loans	Base Rate Loans
I	Less than or equal to 1.50 to 1.00	0.150%	1.25%	0.25%
II	Greater than 1.50 to 1.00, but less than or equal to 2.25 to 1.00	0.175%	1.50%	0.50%
III	Greater than 2.25 to 1.00, but less than or equal to 3.00 to 1.00	0.200%	1.75%	0.75%
IV	Greater than 3.00 to 1.00	0.250%	2.00%	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 financing fees of $1.2 million) at October 31, 2023 (in thousands):


	Revolving Credit Facility		Finance Leases and Other Obligations		Aggregate Maturities
2024	$	—	$	5,076	$	5,076
2025	—		4,979		4,979
2026	—		4,812		4,812
2027	15,000		4,671		19,671
2028	—		4,534		4,534
Thereafter	—		57,936		57,936
Total debt payments	15,000		82,008		97,008
Less: present value discount of finance leases	—		(27,008)		(27,008)
Total	$	15,000	$	55,000	$	70,000

Nature of Operations, Basis of Presentation and Significant Accounting Policies, Concentration (Details) - customer	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Sales
Concentration Risk [Line Items]
Number of major customers whose business, if lost, could adversely affect business	1	1	0
Net sales \| Number of major customers whose business, if lost, could adversely affect business
Concentration Risk [Line Items]
Number of customers	1	1	0
Net sales \| One Customer \| Number of major customers whose business, if lost, could adversely affect business
Concentration Risk [Line Items]
Concentration risk percentage	10.00%	10.00%	10.00%

Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Earnings Per Share Disclosure [Line Items]
Income (loss) from continuing operations	$ 82,501	$ 88,336	$ 56,980
Weighted average number of shares outstanding, basic	32,819	33,048	33,193
Weighted average number of shares outstanding, diluted	33,026	33,205	33,495
Basic earnings per common share	$ 2.51	$ 2.67	$ 1.72
Diluted earnings per common share	$ 2.50	$ 2.66	$ 1.70
Stock options
Earnings Per Share Disclosure [Line Items]
Weighted Average Dilutive Securities	33	25	82
Restricted stock
Earnings Per Share Disclosure [Line Items]
Weighted Average Dilutive Securities	124	100	132
Performance Shares
Earnings Per Share Disclosure [Line Items]
Weighted Average Dilutive Securities	50	32	88

Consolidated Statement of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Statement of Stockholders' Equity [Abstract]
Change in pension from net unamortized gain tax expense	$ (819)	$ (215)	$ (1,375)
Cash dividends paid per common share (usd per share)	$ 0.32	$ 0.32	$ 0.32

Business Combinations and Asset Acquisitions (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Oct. 31, 2023 USD ($)	Oct. 31, 2022 USD ($) $ / shares	Oct. 31, 2021 USD ($) $ / shares	Nov. 01, 2022 USD ($) ft²
Business Acquisition [Line Items]
Credit facility, amount available	$ 305,000			$ 215,000
Operating income	110,701	$ 111,281	$ 81,870
Goodwill	182,956	$ 137,855	$ 149,205
Payments to Acquire Businesses, Net of Cash Acquired	$ 91,302
Effective tax rate	15.00%	19.50%	28.90%
Ohio
Business Acquisition [Line Items]
Increase in net rentable area \| ft²				60,000
Net rentable area \| ft²				313,595
LMI Custom Mixing, LLC
Business Acquisition [Line Items]
Net sales	$ 75,600
Operating income	8,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	7,012
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory	5,684
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets	790
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	35,887
Goodwill	41,393
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	19,500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable	(4,736)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other	(507)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, lease	(13,721)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	91,302
Payments to Acquire Businesses, Net of Cash Acquired	$ 91,302
Business Acquisition, Pro Forma Revenue		$ 1,291,620	$ 1,129,355
Business Acquisition, Pro Forma Net Income (Loss)		$ 94,235	$ 61,621
Business Acquisition, Pro Forma Earnings Per Share, Basic \| $ / shares		$ 2.85	$ 1.86
Business Acquisition, Pro Forma Earnings Per Share, Diluted \| $ / shares		$ 2.84	$ 1.84
Effective tax rate	25.00%

Debt and Capital Lease Obligations

12 Months Ended

Oct. 31, 2023

Debt Disclosure [Abstract]

Debt and Capital Lease Obligations

Debt

Long-term debt consisted of the following at October 31, 2023 and 2022 (in thousands):


	October 31,
	2023		2022
Revolving Credit Facility	$	15,000	$	13,000

Finance lease obligations and other	55,000		19,202
Unamortized deferred financing fees	(1,200)		(1,528)
Total debt	68,800		30,674
Less: Current maturities of long-term debt	2,365		1,046
Long-term debt	$	66,435	$	29,628

Revolving Credit Facility

On July 6, 2022, we entered into our Second Amended and Restated Credit Agreement (the “Credit Facility”) with Wells Fargo Securities, LLC, as Agent, Swingline Lender and Issuing Lender, and BofA Securities, Inc. serving as Syndication Agent. We capitalized $1.2 million of deferred financing fees related to the Credit Facility during the year ended October 31, 2022. This $325.0 million revolving credit facility has a five-year term, maturing on July 6, 2027, and replaced our previous credit facility we entered into on October 18, 2018. Our previous credit facility is more fully described in our Annual Report on Form 10-K for the fiscal year ended October 31, 2021.

Interest payments for the Credit Facility are calculated, at our election and depending upon the Consolidated Net Leverage Ratio, at a Base Rate plus an applicable margin or at the same rate as Risk-Free Rate (“RFR”) Loans for domestic borrowings or Eurocurrency Rate Loans plus an applicable margin. In addition, we are subject to commitment fees for the unused portion of the Credit Facility. As of October 31, 2023, the applicable rate was RFR + 1.25%.

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


Pricing Level	Consolidated Leverage Ratio	Commitment Fee	Eurocurrency Rate Loans and RFR Loans	Base Rate Loans
I	Less than or equal to 1.50 to 1.00	0.150%	1.25%	0.25%
II	Greater than 1.50 to 1.00, but less than or equal to 2.25 to 1.00	0.175%	1.50%	0.50%
III	Greater than 2.25 to 1.00, but less than or equal to 3.00 to 1.00	0.200%	1.75%	0.75%
IV	Greater than 3.00 to 1.00	0.250%	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 Credit Facility provides for incremental revolving credit commitments for a minimum principal amount of $10.0 million, up to an aggregate amount of $150.0 million or 100% of Consolidated EBITDA, 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 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 3.00 to 1.00, and (2) Consolidated Net Leverage Ratio requirement whereby the Consolidated Net Leverage Ratio, as defined, must be greater than 3.25 to 1.00.

In addition to maintaining these financial covenants, the 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 $25.0 million per year) and other transactions as further defined in the 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 $25.0 million. Substantially all of our domestic assets, with the exception of real property were used as collateral for the Credit Agreement.

As of October 31, 2023, we had $15.0 million of borrowings outstanding under the Credit Facility (reduced by unamortized debt issuance costs of $1.2 million), $5.0 million of outstanding letters of credit and $55.0 million outstanding

primarily under finance leases and other debt. We had $305.0 million available for use under the Credit Facility at October 31, 2023. The borrowings outstanding as of October 31, 2023 under the Credit Facility accrue interest at 6.67% per annum, and our weighted average borrowing rate for borrowings outstanding during the years ended October 31, 2023 and 2022 was 6.01% and 2.16%, respectively. We were in compliance with our debt covenants as of October 31, 2023.

We maintain certain finance lease obligations related to equipment purchases, vehicles, and warehouse space. Refer to Note 6 “Leases” for further information regarding our finance leases.

The table below presents the scheduled maturity dates of our long-term debt outstanding (excluding deferred financing fees of $1.2 million) at October 31, 2023 (in thousands):


	Revolving Credit Facility		Finance Leases and Other Obligations		Aggregate Maturities
2024	$	—	$	5,076	$	5,076
2025	—		4,979		4,979
2026	—		4,812		4,812
2027	15,000		4,671		19,671
2028	—		4,534		4,534
Thereafter	—		57,936		57,936
Total debt payments	15,000		82,008		97,008
Less: present value discount of finance leases	—		(27,008)		(27,008)
Total	$	15,000	$	55,000	$	70,000

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (h)
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 843	$ 289
Accumulated Depreciation of Property, Plant, and Equipment	$ 368,763	$ 348,528
Preferred stock, par value (usd per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	125,000,000	125,000,000
Common stock, shares, issued (in shares)	37,176,958	37,211,056
Common stock, shares, outstanding (in shares)	33,011,119	33,129,250
Treasury Stock, Common, Shares	4,165,839	4,081,806

Inventories (Tables)

12 Months Ended

Oct. 31, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories consisted of the following at October 31, 2023 and 2022 (in thousands):


	October 31,
	2023		2022
Raw materials	$	55,500	$	68,455
Finished goods and work in process	43,394		54,013
Supplies and other	2,179		1,551
Total	101,073		124,019
Less: Inventory reserves	3,114		3,129
Inventories, net	$	97,959	$	120,890

Inventory Reserve Rollforward

The changes in our inventory reserve accounts were as follows (in thousands):


	Year Ended October 31,
	2023		2022		2021
Beginning balance as of November 1, 2022, 2021 and 2020	$	3,129	$	2,936	$	6,484
Charged to cost of sales	210		494		(568)
Write-offs	(293)		(133)		(3,060)
Other	68		(168)		80
Balance as of October 31, 2023, 2022 and 2021	$	3,114	$	3,129	$	2,936

Property, Plant & Equipment

12 Months Ended

Oct. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure

Property, Plant and Equipment

Property, plant and equipment consisted of the following at October 31, 2023 and 2022 (in thousands):


	October 31,
	2023		2022
Land and land improvements	$	11,268	$	10,702
Buildings and building improvements	149,093		105,696
Machinery and equipment	429,743		384,023
Construction in progress	29,323		28,507
Property, plant and equipment, gross	619,427		528,928
Less: Accumulated depreciation	368,763		348,528
Property, plant and equipment, net	$	250,664	$	180,400

Depreciation expense for the years ended October 31, 2023, 2022, and 2021 was $27.6 million, $26.9 million and $28.8 million, respectively.

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, 2023, 2022, and 2021. 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.”

Accrued Liabilities

12 Months Ended

Oct. 31, 2023

Accrued Liabilities [Abstract]

Accrued Liabilities

Accrued liabilities consisted of the following at October 31, 2023 and 2022 (in thousands):


	October 31,
	2023		2022
Payroll, payroll taxes and employee benefits	$	18,184	$	23,878
Accrued insurance and workers compensation	7,754		7,232
Sales allowances	5,237		7,456
Deferred compensation (current portion)	1,969		—
Goods and services	4,189		—
Deferred revenue	1,021		792
Warranties	15		13
Audit, legal, and other professional fees	3,572		3,136
Accrued taxes, other	1,980		2,864
Freight	1,071		666
Utilities	1,389		539
Other	3,938		5,538
Accrued liabilities	$	50,319	$	52,114

Insider Trading Arrangements	12 Months Ended
Insider Trading Arrangements	Oct. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Other Income (Expense)

12 Months Ended

Oct. 31, 2023

Other Income and Expenses [Abstract]

Other Income (Expense)

Other, net

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


	Year Ended October 31,
	2023		2022		2021
Foreign currency transaction (losses) gains	$	(146)	$	386	$	(98)
Foreign currency exchange derivative gains	1		19		—
Pension service (expense) benefit	(5,566)		783		839
Interest income	248		19		5
Other	(56)		(166)		8
Other (loss) income	$	(5,519)	$	1,041	$	754

Nature of Operations, Basis of Presentation and Significant Accounting Policies, Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash paid for interest	$ 5,737	$ 1,982	$ 1,993
Cash paid for income taxes	22,224	26,410	22,160
Cash received for income tax refunds	2,460	2,235	381
Increase (decrease) in capitalized expenditures in accounts payable	$ 1,953	$ (1,692)	$ 1,124

Stock-Based Compensation (Tables)

12 Months Ended

Oct. 31, 2023

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Schedule of Nonvested Restricted Share Activity

A summary of non-vested restricted stock award activity during the years ended October 31, 2023, 2022 and 2021, follows:


	Restricted Stock Awards	Weighted Average Grant Date Fair Value per Share
Non-vested at October 31, 2020	187,500	$	16.82
Granted	73,300	20.68
Vested	(44,400)	20.70
Forfeited	—	—
Non-vested at October 31, 2021	216,400	17.28
Granted	84,400	22.54
Vested	(88,700)	13.74
Forfeited	—	—
Non-vested at October 31, 2022	212,100	20.86
Granted	94,700	23.49
Vested	(54,400)	18.49
Forfeited	(10,100)	22.30
Non-vested at October 31, 2023	242,300	$	22.36

Schedule of Stock Option Activity

The following table summarizes our stock option activity for the years ended October 31, 2023, 2022 and 2021.


	Stock Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (000s)
Outstanding at October 31, 2020	1,095,329	$	18.88	3.6	$	561

Exercised	(865,393)	18.80
Forfeited/Expired	(11,632)	18.22
Outstanding at October 31, 2021	218,304	$	19.37	3.4	$	297

Exercised	(35,600)	19.36
Forfeited/Expired	(7,587)	19.04
Outstanding at October 31, 2022	175,117	$	19.39	2.9	$	485

Exercised	(63,587)	19.12
Forfeited/Expired	(4,000)	21.11
Outstanding at October 31, 2023	107,530	19.48		2.3	$	792
Vested at October 31, 2023	107,530	$	19.48	2.3	$	792
Exercisable at October 31, 2023	107,530	$	19.48	2.3	$	792

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 RONA performance metric:



Grant Date	Shares Awarded	Grant Date Fair Value		Shares Forfeited
December 2, 2020	65,300	$	20.68	4,100
December 9, 2021	80,900	$	22.54	4,600
December 7, 2022	89,300	$	23.49	4,600

Share-based Compensation Arrangements by Share-based Payment Award, Performance-Based Units, Vested and Expected to 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%

—%

Share-based Payment Arrangement, Performance Shares, Outstanding Activity

The following table summarizes our performance restricted stock unit grants and the grant date fair value for the A-TSR performance metric:


Grant Date	Shares Awarded	Grant Date Fair Value		Shares Forfeited
December 2, 2020	38,400	$	20.68	2,900
December 9, 2021	50,900	$	21.06	3,400
December 7, 2022	51,500	$	23.22	3,100

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


	Year Ended October 31,
	2023		2022		2021
Restricted stock awards	$	1,712	$	1,452	$	1,235

Restricted stock units	1,686		1,167		1,197
Performance share awards	5,106		2,373		4,039
Performance restricted stock units	809		840		729
Total compensation expense	9,313		5,832		7,200
Income tax effect	1,396		1,138		2,078
Net compensation expense	$	7,917	$	4,694	$	5,122

Leases (Tables)

12 Months Ended

Oct. 31, 2023

Leases [Abstract]

Assets and Liabilities, Lessee

The table below presents the lease-related assets and liabilities recorded on the balance sheet at October 31, 2023 and 2022 (in thousands):


		October 31,
Leases	Classification	2023		2022
Assets
Operating lease assets	Operating lease right-of-use assets	$	46,620	$	56,000
Finance lease assets	Property, plant and equipment (less accumulated depreciation of $6,691 and $3,726)	58,496		22,003
Total lease assets		$	105,116	$	78,003

Liabilities
Current
Operating	Current operating lease liabilities	$	7,224	$	7,727
Finance	Current maturities of long-term debt	2,676		1,336
Noncurrent
Operating	Noncurrent operating lease liabilities	40,361		49,286
Finance	Long-term debt	52,309		17,816
Total lease liabilities		$	102,570	$	76,165

Lease, Cost

The table below presents the components of lease costs for the year ended October 31, 2023 and 2022 (in thousands):


	Year Ended October 31,
	2023		2022
Operating lease cost	$	9,145	$	9,934
Finance lease cost
Amortization of leased assets	3,285		1,332
Interest on lease liabilities	2,425		583
Variable lease costs	1,663		977
Total lease cost	$	16,518	$	12,826

The table below presents supplemental cash flow information related to leases for the year ended October 31, 2023 and 2022 (in thousands):


	Year Ended October 31,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Finance leases - financing cash flows	$	2,397	$	1,162
Finance leases - operating cash flows	$	2,425	$	583
Operating leases - operating cash flows	$	9,179	$	9,955

Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	7,509	$	13,872
Finance leases	$	26,531	$	6,467

Lease Term and Discount Rate, Lessee

The table below presents the weighted average remaining lease terms and weighted average discount rates for the Company's leases as of October 31, 2023 and 2022:


	October 31,
	2023		2022
Weighted average remaining lease term (in years)
Operating leases	10.7		10.8
Financing leases	18.7		13.7

Weighted average discount rate
Operating leases	4.09	%	3.84	%
Financing leases	4.52	%	3.78	%

Lessee, Operating Lease, Liability, Maturity

The table below presents the maturity of the lease liabilities as of October 31, 2023 (in thousands):


	Operating Leases		Finance Leases
2024	$	8,825	$	5,061
2025	7,597		4,979
2026	6,268		4,812
2027	5,214		4,671
2028	4,312		4,534
Thereafter	28,097		57,936
Total lease payments	60,313		81,993
Less: present value discount	12,728		27,008
Total lease liabilities	$	47,585	$	54,985

Finance Lease, Liability, Fiscal Year Maturity

The table below presents the maturity of the lease liabilities as of October 31, 2023 (in thousands):


	Operating Leases		Finance Leases
2024	$	8,825	$	5,061
2025	7,597		4,979
2026	6,268		4,812
2027	5,214		4,671
2028	4,312		4,534
Thereafter	28,097		57,936
Total lease payments	60,313		81,993
Less: present value discount	12,728		27,008
Total lease liabilities	$	47,585	$	54,985

Nature of Operations, Basis of Presentation and Significant Accounting Policies, Stock-Based Compensation (Details)	12 Months Ended
	Oct. 31, 2023 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Performance Shares
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	122,400
Performance Restricted Stock Units
Class of Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	49,228
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years

Segment Information

12 Months Ended

Oct. 31, 2023

Segment Reporting [Abstract]

Segment Information

We present three reportable business segments: (1) NA Fenestration, comprising four operating segments primarily focused on the fenestration market in North America including vinyl profiles, insulating glass spacers, screens, custom compound mixing, and other fenestration components; (2) EU Fenestration, comprising our U.K.-based vinyl extrusion business, manufacturing vinyl profiles and conservatories, and the European insulating glass business manufacturing insulating glass spacers; and (3) NA Cabinet Components, comprising our cabinet door and components segment. 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 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, 2023, 2022 and 2021 were $23.5 million, $24.5 million and $21.6 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, 2023, 2022 and 2021 was as follows (in thousands):


	NA Fenestration		EU Fenestration		NA Cabinet Comp.		Unallocated Corp. & Other		Total
Year Ended October 31, 2023
Net sales	$	667,482	$	250,774	$	215,445	$	(3,118)	$	1,130,583
Depreciation and amortization	20,539		9,849		12,208		270		42,866
Operating income (loss)	72,159		50,084		3,953		(15,495)		110,701
Capital expenditures	18,265		11,193		6,972		960		37,390
Total assets	$	379,286	$	239,333	$	158,824	$	53,700	$	831,143
Year Ended October 31, 2022
Net sales	$	687,458	$	262,058	$	275,704	$	(3,718)	$	1,221,502
Depreciation and amortization	16,253		9,674		13,830		352		40,109
Operating income (loss)	74,570		40,270		3,245		(6,804)		111,281
Capital expenditures	18,758		7,810		6,454		99		33,121
Total assets	$	279,139	$	223,729	$	176,154	$	45,595	$	724,617
Year Ended October 31, 2021
Net sales	$	578,332	$	251,599	$	246,075	$	(3,857)	$	1,072,149
Depreciation and amortization	18,730		10,373		13,263		366		42,732
Operating income (loss)	56,248		39,299		896		(14,573)		81,870
Capital expenditures	$	9,966	$	8,155	$	5,559	$	328	$	24,008

The following table summarizes the change in the carrying amount of goodwill by segment for the years ended October 31, 2023 and 2022 (in thousands):


	NA Fenestration		EU Fenestration		NA Cabinet Comp.		Unallocated Corp. & Other		Total


Balance as of October 31, 2021	$	38,712	$	71,346	$	39,147	$	—	$	149,205

Foreign currency translation adjustment	—		(11,350)		—		—		(11,350)
Balance as of October 31, 2022	$	38,712	$	59,996	$	39,147	$	—	$	137,855
LMI acquisition	41,393		—		—		—		41,393
Foreign currency translation adjustment	—		3,708		—		—		3,708
Balance as of October 31, 2023	$	80,105	$	63,704	$	39,147	$	—	$	182,956

For further details of Goodwill, see Note 7, “Goodwill and 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 as reported above to net income for the years ended October 31, 2023, 2022 and 2021 (in thousands):


	Year Ended October 31,
	2023		2022		2021
Operating income	$	110,701	$	111,281	$	81,870
Interest expense	(8,136)		(2,559)		(2,530)
Other, net	(5,519)		1,041		754
Income tax expense	(14,545)		(21,427)		(23,114)
Net income	$	82,501	$	88,336	$	56,980

Geographic Information

Our manufacturing facilities and all long-lived assets are located in the U.S., U.K. 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, 2023, 2022 and 2021, and our long-lived assets as of October 31, 2023 and 2022 (in thousands):


	Year Ended October 31,
Net sales	2023		2022		2021
United States	$	834,525	$	911,180	$	778,486
Europe	244,560		255,400		244,308
Canada	25,845		31,442		25,007
Asia	14,298		15,021		18,445
Other foreign countries	11,355		8,459		5,903
Total net sales	$	1,130,583	$	1,221,502	$	1,072,149


	October 31,
Long-lived assets, net	2023		2022
United States	$	384,318	$	279,616
Germany	44,098		41,669
United Kingdom	125,939		118,005
Total long-lived assets, net	$	554,355	$	439,290

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

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Section 50
-Paragraph 22
-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Nature of Operations, Basis of Presentation and Significant Accounting Policies, Long Lived Assets (Details)	Oct. 31, 2023
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

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Pay vs Performance Disclosure
Net income (loss)	$ 82,501	$ 88,336	$ 56,980

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

Debt and Capital Lease Obligations - Schedule of Applicable Margins and Commitment Fees (Details) - Credit Facility - Line of Credit	12 Months Ended
	Oct. 31, 2023
Less than or equal to 1.50 to 1.00
Debt Instrument [Line Items]
Commitment Fee	0.15%
Less than or equal to 1.50 to 1.00 \| Base Rate Loans
Debt Instrument [Line Items]
Margin on base rate	0.25%
Less than or equal to 1.50 to 1.00 \| RFR Loans
Debt Instrument [Line Items]
Margin on base rate	1.25%
Less than or equal to 1.50 to 1.00 \| Eurocurrency Rate Loans
Debt Instrument [Line Items]
Margin on base rate	1.25%
Greater than 1.50 to 1.00, but less than or equal to 2.25 to 1.00
Debt Instrument [Line Items]
Commitment Fee	0.175%
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%
Greater than 1.50 to 1.00, but less than or equal to 2.25 to 1.00 \| RFR Loans
Debt Instrument [Line Items]
Margin on base rate	1.50%
Greater than 1.50 to 1.00, but less than or equal to 2.25 to 1.00 \| Eurocurrency Rate Loans
Debt Instrument [Line Items]
Margin on base rate	1.50%
Greater than 2.25 to 1.00, but less than or equal to 3.00 to 1.00
Debt Instrument [Line Items]
Commitment Fee	0.20%
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%
Greater than 2.25 to 1.00, but less than or equal to 3.00 to 1.00 \| RFR Loans
Debt Instrument [Line Items]
Margin on base rate	1.75%
Greater than 2.25 to 1.00, but less than or equal to 3.00 to 1.00 \| Eurocurrency Rate Loans
Debt Instrument [Line Items]
Margin on base rate	1.75%
Greater than 3.00 to 1.00
Debt Instrument [Line Items]
Commitment Fee	0.25%
Greater than 3.00 to 1.00 \| Base Rate Loans
Debt Instrument [Line Items]
Margin on base rate	1.00%
Greater than 3.00 to 1.00 \| RFR Loans
Debt Instrument [Line Items]
Margin on base rate	2.00%
Greater than 3.00 to 1.00 \| Eurocurrency Rate Loans
Debt Instrument [Line Items]
Margin on base rate	2.00%

Business Combinations and Asset Acquisitions (Tables)

12 Months Ended

Oct. 31, 2023

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The purchase price has been 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	$	7,012
Inventories, net	5,684
Other assets	790
Property, plant and equipment, net	35,887
Goodwill	41,393
Intangible assets, net	19,500
Accounts payable	(4,736)
Accrued liabilities	(507)
Long-term debt (finance leases)	(13,721)
Net assets acquired	$	91,302
Consideration:
Cash, net of cash and cash equivalents acquired	$	91,302

Business Acquisition, Pro Forma Information



	For the Years Ended
	October 31, 2022		October 31, 2021
	(In thousands, except per share amounts)
	(Unaudited)
Net sales	$	1,291,620	$	1,129,355
Net income	$	94,235	$	61,621
Basic earnings per share	$	2.85	$	1.86
Diluted earnings per share	$	2.84	$	1.84

Earnings Per Share

12 Months Ended

Oct. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Share

We compute basic earnings per share by dividing net income 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 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, 2023, 2022 and 2021 follows (in thousands, except per share data):


Year Ended October 31, 2023	Net Income		Weighted Average Shares	Per Share
Basic earnings per common share	$	82,501	32,819	$	2.51
Effect of dilutive securities:
Stock options			33
Restricted stock awards			124
Performance restricted stock units			50
Diluted earnings per common share	$	82,501	33,026	$	2.50
Year Ended October 31, 2022
Basic earnings per common share	$	88,336	33,048	$	2.67
Effect of dilutive securities:
Stock options			25
Restricted stock awards			100
Performance restricted stock units			32
Diluted earnings per common share	$	88,336	33,205	$	2.66
Year Ended October 31, 2021
Basic earnings per common share	$	56,980	33,193	$	1.72
Effect of dilutive securities:
Stock options			82
Restricted stock awards			132
Performance restricted stock units			88






Diluted earnings per common share	$	56,980	33,495	$	1.70

We do not include equity instruments in our calculation of diluted earnings per share if those instruments would be antidilutive. Such dilution is dependent on the excess of the market price of our stock over the exercise price and other components of the treasury stock method.

Fair Value Measurement of Assets and Liabilities	12 Months Ended
Fair Value Measurement of Assets and Liabilities	Oct. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurement of Assets and Liabilities	Fair Value Measurements 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. Carrying amounts reported on the balance sheets 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, 2023 and 2022 (Level 2 measurement). Our restricted stock units and performance share awards are marked-to-market on a quarterly basis during a three-year vesting period based on market data (Level 2 measurement). For further information refer to Note 14, “Stock-Based Compensation - Performance Share Awards.”

- 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

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Oct. 31, 2023
Equity, Attributable to Parent [Abstract]
Stockholders' Equity	Stockholders' Equity As of October 31, 2023, 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, 2023 and 2022, we had 37,176,958 and 37,211,056 shares of common stock issued, respectively, and 33,011,119 and 33,129,250 shares of common stock outstanding, respectively. There were no shares of preferred stock issued or outstanding at October 31, 2023 and 2022. Stock Repurchase Program and Treasury Stock During December 2021, our Board of Directors approved a stock repurchase program that authorized the repurchase of up to $75.0 million worth of shares of our common stock. Repurchases under the program are 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 years ended October 31, 2023 and 2022, we purchased 275,000 shares and 291,000 shares, respectively, at a cost of $5.6 million and $6.6 million respectively, under these programs. 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. For a summary of treasury stock activity for the years ended October 31, 2023, 2022 and 2021, refer to the Consolidated Statement of Stockholders' Equity located elsewhere herein.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
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-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481004/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Name Accounting Standards Codification
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Publisher FASB
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+ Details

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 82,501	$ 88,336	$ 56,980
Foreign currency translation adjustments gain (loss)	8,542	(28,334)	7,152
Change in pension from net unamortized gain (pretax)	3,558	897	5,477
Change in pension from net unamortized gain tax expense	(819)	(215)	(1,375)
Total other comprehensive income (loss), net of tax	11,281	(27,652)	11,254
Comprehensive income	$ 93,782	$ 60,684	$ 68,234

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Stock Based Compensation (Detail) - USD ($) $ / shares in Units, $ in Thousands				12 Months Ended
	Dec. 07, 2022	Dec. 09, 2021	Dec. 02, 2020	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2020
Stock Options, [Roll Forward]
Outstanding at beginning of period (in shares)				175,117	218,304	1,095,329
Exercised (in shares)				(63,587)	(35,600)	(865,393)
Forfeited/Expired (in shares)				(4,000)	(7,587)	(11,632)
Outstanding at end of period (in shares)				107,530	175,117	218,304	1,095,329
Vested or expected to vest at end of period				107,530
Exercisable at end of period				107,530
Weighted Average Exercise Price Per Share
Outstanding at beginning of period (in dollars per share)				$ 19.39	$ 19.37	$ 18.88
Exercised (in dollars per share)				19.12	19.36	18.80
Forfeited/Expired (in dollars per share)				21.11	19.04	18.22
Outstanding at end of period (in dollars per share)				19.48	$ 19.39	$ 19.37	$ 18.88
Vested or expected to vest at end of period				19.48
Exercisable at end of period				$ 19.48
Weighted Average Remaining Contractual Life
Outstanding at end of period				2 years 3 months 18 days	2 years 10 months 24 days	3 years 4 months 24 days	3 years 7 months 6 days
Vested or expected to vest at end of period				2 years 3 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value				$ 792
Aggregate Intrinsic Value
Outstanding at end of period				792	$ 485	$ 297	$ 561
Vested or expected to vest at end of period				$ 792
Additional Disclosures [Abstract]
Number of shares authorized, originally				3,139,895
Vesting period				3 years
Total intrinsic value of options exercised				$ 500	200	4,200
Total compensation expense				9,313	5,832	7,200
Income tax effect				1,396	1,138	2,078
Net compensation expense				$ 7,917	$ 4,694	$ 5,122
Return On Net Assets	$ 23.49	$ 22.54	$ 20.68
Performance shares settled in cash				100.00%
Restricted stock
Number of Shares
Period start, non-vested (in shares)				212,100	216,400	187,500
Granted (in shares)				94,700	84,400	73,300
Vested (in shares)				(54,400)	(88,700)	(44,400)
Forfeited (in shares)				(10,100)	0	0
Period end, non-vested (in shares)				242,300	212,100	216,400	187,500
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)				$ 20.86	$ 17.28	$ 16.82
Grant Date Fair Value (in dollars per share)				23.49	22.54	20.68
Vested in Period, Weighted Average Grant Date Fair Value (in dollars per share)				18.49	13.74	20.70
Forfeitures, Weighted Average Grant Date Fair Value (in dollars per share)				22.30	0	0
Period end, non-vested (in dollars per shares)				$ 22.36	$ 20.86	$ 17.28	$ 16.82
Additional Disclosures [Abstract]
Vesting period				3 years
Fair value of restricted stock awards vested				$ 1,000	$ 1,200	$ 900
Unrecognized compensation cost - non vested restricted stock awards				$ 2,200
Weighted-average period over which unrecognized cost is expected to be recognized				1 year 9 months 18 days
Total compensation expense				$ 1,712	$ 1,452	$ 1,235
Share-Based Goods and Nonemployee Services Transaction [Line Items]
Granted (in shares)				94,700	84,400	73,300
Stock options
Additional Disclosures [Abstract]
Vesting period				3 years
Expiration period				10 years
Restricted Stock Units (RSUs)
Number of Shares
Granted (in shares)				38,704	36,669	28,826
Vested (in shares)				(21,774)
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)				$ 20.67	$ 22.52	$ 18.79
Additional Disclosures [Abstract]
Vesting period				3 years
Total compensation expense				$ 1,686	$ 1,167	$ 1,197
Payment For Settlement Of Share-Based Compensation				$ 400	$ 1,000	$ 800
Share-Based Goods and Nonemployee Services Transaction [Line Items]
Granted (in shares)				38,704	36,669	28,826
Performance Shares
Number of Shares
Vested (in shares)				(101,200)	(183,000)
Additional Disclosures [Abstract]
Vesting period				3 years
Total compensation expense				$ 5,106	$ 2,373	$ 4,039
Performance shares granted	89,300	80,900	65,300
Payment For Settlement Of Share-Based Compensation				$ 2,200	3,800
Performance shares forfeited	4,600	4,600	4,100
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)	$ 23.22	$ 21.06	$ 20.68
Additional Disclosures [Abstract]
Vesting period				3 years
Total compensation expense				$ 809	$ 840	$ 729
Performance shares granted	51,500	50,900	38,400
Performance shares forfeited	3,100	3,400	2,900
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] \| Performance Restricted Stock Units
Additional Disclosures [Abstract]
Performance shares vesting percentage				150.00%
Share-based Compensation Award, Tranche Two [Member] \| Performance Restricted Stock Units
Additional Disclosures [Abstract]
Performance shares vesting percentage				100.00%
Share-based Compensation Award, Tranche Three [Member] \| Performance Restricted Stock Units
Additional Disclosures [Abstract]
Performance shares vesting percentage				50.00%
Share-Based Compensation Award, Tranche Four [Member] \| Performance Restricted Stock Units
Additional Disclosures [Abstract]
Performance shares vesting percentage				0.00%

Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Current assets:
Cash and cash equivalents	$ 58,474	$ 55,093
Accounts receivable, net of allowance for credit losses of $843 and $289	97,311	96,018
Inventories, net	97,959	120,890
Income taxes receivable	8,298	0
Prepaid and other current assets	11,558	8,664
Total current assets	273,600	280,665
Property, plant and equipment, net of accumulated depreciation of $368,763 and $348,528	250,664	180,400
Operating lease right-of-use assets	46,620	56,000
Goodwill	182,956	137,855
Intangible assets, net	74,115	65,035
Other assets	3,188	4,662
Total assets	831,143	724,617
Current liabilities:
Accounts payable	74,371	77,907
Accrued liabilities	50,319	52,114
Income taxes payable	384	1,049
Current maturities of long-term debt	2,365	1,046
Current operating lease liabilities	7,224	7,727
Total current liabilities	134,663	139,843
Long-term debt	66,435	29,628
Noncurrent operating lease liabilities	40,361	49,286
Deferred pension	0	3,917
Deferred income taxes	29,133	22,277
Liability for uncertain tax positions	250	1,361
Other liabilities	14,747	13,470
Total liabilities	285,589	259,782
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 37,176,958 and 37,211,056 respectively; outstanding 33,011,119 and 33,129,250, respectively	372	372
Additional paid-in-capital	251,576	251,947
Retained earnings	409,318	337,456
Accumulated other comprehensive loss	(38,141)	(49,422)
Less: Treasury stock at cost, 4,165,839 and 4,081,806 shares, respectively	(77,571)	(75,518)
Total stockholders’ equity	545,554	464,835
Total liabilities and stockholders' equity	$ 831,143	$ 724,617

Retirement Plans

12 Months Ended

Oct. 31, 2023

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

Our non-contributory, single employer defined benefit pension plan covered certain of our employees in the U.S. On January 1, 2020 we enacted changes to our pension plan whereby the benefits for all participants were frozen and thereafter those participants will receive increased benefits in the Company sponsored defined benefit plan in lieu of participation in a defined benefit plan. As a result of freezing the plan on January 1, 2020, we remeasured the pension assets and obligations for the pension plan, which resulted in a decrease to our projected benefit obligation and a corresponding net actuarial gain that was recorded in accumulated other comprehensive income.

During the year ended October 31. 2023, we terminated our defined contribution plan and settled the obligation during the three months ended October 31, 2023. Until such time that the termination was complete, the participants received an interest related credit on their respective balance equivalent to the prevailing 30-year Treasury rate. The majority of our pension plan participants had their benefit determined pursuant to the cash balance formula. For the remaining participants, the benefit formula was a traditional formula for retirement benefits, whereby the plan payed benefits to employees using a formula which considered years of service and pensionable compensation.

Funded Status and Net periodic Benefit Cost

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


	October 31,
Change in Benefit Obligation:	2023		2022
Beginning balance as of November 1, 2022 and 2021	$	32,529	$	42,379
Service cost	383		860
Interest cost	1,558		806
Actuarial loss (gain)	1,315		(6,944)
Benefits paid	(389)		(349)
Administrative expenses	(356)		(604)

Settlements	(35,040)		(3,619)
Projected benefit obligation at October 31, 2023 and 2022	$	—	$	32,529
Change in Plan Assets:
Beginning balance as of November 1, 2022 and 2021	$	28,612	$	37,642
Actual return on plan assets	862		(4,458)
Employer contributions	6,311		—
Benefits paid	(389)		(349)
Administrative expenses	(356)		(604)
Settlements	(35,040)		(3,619)
Fair value of plan assets at October 31, 2023 and 2022	$	—	$	28,612
Noncurrent liability - Funded Status	$	—	$	(3,917)

As of October 31, 2023 and 2022, included in our accumulated comprehensive loss was a net actuarial loss of zero and $3.6 million, respectively. There were no net prior service costs or transition obligations for the years ended October 31, 2023 and 2022.

As of October 31, 2023 and 2022, the accumulated benefit obligation was zero and $32.5 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, 2023, 2022 and 2021, was as follows (in thousands):


	Year Ended October 31,
	2023		2022		2021
Service cost	$	383	$	860	$	850
Interest cost	1,558		806		756
Expected return on plan assets	(1,465)		(1,991)		(1,960)
Amortization of net loss	42		6		143
Settlements	5,431		396		222
Net periodic benefit cost	$	5,949	$	77	$	11

The changes in plan assets and projected benefit obligations which were recognized in our other comprehensive loss for the years ended October 31, 2023, 2022 and 2021 were as follows (in thousands):


	Year Ended October 31,
	2023		2022		2021
Net loss (gain) arising during the period	$	1,915	$	(495)	$	(5,112)
Less: Amortization of net loss	42		6		143

Less: Settlements	5,431		396		222
Total recognized in other comprehensive income	$	(3,558)	$	(897)	$	(5,477)

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, 2023, 2022 and 2021:


	For the Year Ended October 31,
	2023	2022	2021	2023	2022	2021
Weighted Average Assumptions:	Benefit Obligation			Net Periodic Benefit Cost
Discount rate	—%	5.36%	2.77%	5.36%	2.77%	2.60%
Rate of compensation increase	—%	—%	—%	—%	—%	—%
Expected return on plan assets	n/a	n/a	n/a	5.50%	5.50%	6.00%

The discount rate was used to calculate the present value of the projected benefit obligation for pension benefits. The rate reflected the amount at which benefits could be effectively settled on the measurement date. We used the FTSE Above Median 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


	Actual Allocation
	October 31, 2022
Equity securities	—	%
Fixed income	100.0	%


	Fair Value Measurements at
	October 31, 2022
	(In thousands)
Money market fund	$	22,508







High-quality core bond	4,980
High-quality government bond	547
High-yield bond	577
Fixed income	$	6,104
Total securities(1)	$	28,612

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

Benefit Payments and Funding

For the fiscal years ended October 31, 2023, 2022 and 2021, we made total pension contributions of $6.3 million, zero and $0.5 million, respectively. As of October 31, 2023, no more contributions are expected to be made to the plan.

Defined Contribution Plan

We also sponsor two defined contribution plans into which we and our employees make contributions. As of January 1, 2020, we match 100% up to the first 5% of employee annual salary deferrals under our plan for all employees excluding NA Cabinet Components participants, who receive a 100% match up to 4% of employee annual salary deferrals. Between January 1, 2018 and January 1, 2020, we matched 50% up to the first 5% of employee salary deferrals. We do not offer our common stock as a direct investment option under these plans. For the years ended October 31, 2023, 2022 and 2021, we contributed approximately $6.5 million, $6.8 million and $6.3 million for these plans, respectively.

Other Plans

We 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. As of October 31, 2023 and 2022, our liability under the supplemental benefit plan was approximately $2.0 million and $1.9 million, respectively. During the year ended October 31, 2023, the supplemental benefit plan was terminated. Benefits associated with this plan will be distributed in June 2024 in accordance with Internal Revenue Service regulations. As of October 31, 2023 and 2022 our liability under the deferred compensation plan was approximately $3.9 million and $3.3 million, respectively. As of October 31, 2023 and 2022, 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.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480266/715-60-50-3

+ Details

Leases

12 Months Ended

Oct. 31, 2023

Leases [Abstract]

Leases

We recognize a right-of-use (ROU) asset and lease liability for each operating and finance lease with a contractual term greater than 12 months at the time of lease inception. We include ROU assets and lease liabilities for leases that exist within other contracts. Leases with an original term of 12 months or less are not recognized on the balance sheet, and the rent expense related to those short-term leases is recognized over the lease term. We do not account for lease and non-lease (e.g. common area maintenance) components of contracts separately for any underlying asset class.

We lease certain manufacturing plants, warehouses, office space, vehicles and equipment under finance and operating leases. Lease commencement occurs on the date we take possession or control of the property or equipment. Original terms for our real estate-related leases are generally between five and twenty years. Original terms for equipment-related leases, primarily manufacturing equipment and vehicles, are generally between one and ten years. Some of our leases also include rental escalation clauses. Renewal options are included in the determination of lease payments when management determines the options are reasonably certain of exercise, considering financial performance, strategic importance and/or invested capital.

If readily determinable, the rate implicit in the lease is used to discount lease payments to present value; however, substantially all of our leases do not provide a readily determinable implicit rate. When the implicit rate is not determinable, our estimated incremental borrowing rate is utilized, determined on a collateralized basis, to discount lease payments based on information available at lease commencement.

Total lease costs recorded include fixed operating lease costs and variable lease costs. Most of our real estate leases require we pay certain expenses, such as common area maintenance costs, of which the fixed portion is included in operating lease costs. We recognize operating lease costs on a straight-line basis over the lease term. In addition to the above costs, variable lease costs are recognized when probable and are not included in determining the present value of our lease liability.

The ROU asset is measured at the initial amount of the lease liability (calculated as the present value of lease payments over the term of the lease) adjusted for lease payments made at or before the lease commencement date and initial direct costs. For operating leases, ROU assets are reduced over the lease term by the recognized straight-line lease expense less the amount of accretion of the lease liability determined using the effective interest method. For finance leases, ROU assets are amortized on a straight-line basis over the shorter of the useful life of the leased asset or the lease term. Interest expense on each finance lease liability is recognized utilizing the effective interest method. ROU assets are tested for impairment in the same manner as long-lived assets and we determined there have been no triggering events for impairment. Additionally, we monitor for events or changes in circumstances that may require a reassessment of one of our leases and determine if a remeasurement is required.

The table below presents the lease-related assets and liabilities recorded on the balance sheet at October 31, 2023 and 2022 (in thousands):


		October 31,
Leases	Classification	2023		2022
Assets
Operating lease assets	Operating lease right-of-use assets	$	46,620	$	56,000
Finance lease assets	Property, plant and equipment (less accumulated depreciation of $6,691 and $3,726)	58,496		22,003
Total lease assets		$	105,116	$	78,003

Liabilities
Current
Operating	Current operating lease liabilities	$	7,224	$	7,727
Finance	Current maturities of long-term debt	2,676		1,336
Noncurrent
Operating	Noncurrent operating lease liabilities	40,361		49,286
Finance	Long-term debt	52,309		17,816
Total lease liabilities		$	102,570	$	76,165

The table below presents the components of lease costs for the year ended October 31, 2023 and 2022 (in thousands):


	Year Ended October 31,
	2023		2022
Operating lease cost	$	9,145	$	9,934
Finance lease cost
Amortization of leased assets	3,285		1,332
Interest on lease liabilities	2,425		583
Variable lease costs	1,663		977
Total lease cost	$	16,518	$	12,826

The table below presents supplemental cash flow information related to leases for the year ended October 31, 2023 and 2022 (in thousands):


	Year Ended October 31,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Finance leases - financing cash flows	$	2,397	$	1,162
Finance leases - operating cash flows	$	2,425	$	583
Operating leases - operating cash flows	$	9,179	$	9,955

Right-of-use assets obtained in exchange for lease liabilities:
Operating leases	$	7,509	$	13,872
Finance leases	$	26,531	$	6,467

The table below presents the weighted average remaining lease terms and weighted average discount rates for the Company's leases as of October 31, 2023 and 2022:


	October 31,
	2023		2022
Weighted average remaining lease term (in years)
Operating leases	10.7		10.8
Financing leases	18.7		13.7

Weighted average discount rate
Operating leases	4.09	%	3.84	%
Financing leases	4.52	%	3.78	%

The table below presents the maturity of the lease liabilities as of October 31, 2023 (in thousands):


	Operating Leases		Finance Leases
2024	$	8,825	$	5,061
2025	7,597		4,979
2026	6,268		4,812
2027	5,214		4,671
2028	4,312		4,534
Thereafter	28,097		57,936
Total lease payments	60,313		81,993
Less: present value discount	12,728		27,008
Total lease liabilities	$	47,585	$	54,985

Audit Information	12 Months Ended
Audit Information	Oct. 31, 2023
Audit Information [Abstract]
Auditor Name	Grant Thornton LLP
Auditor Location	Houston, Texas
Auditor Firm ID	248

Other Income (Expense) (Detail) - USD ($) $ in Thousands	12 Months Ended
Other Income (Expense) (Detail) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Other Income and Expenses [Abstract]
Foreign currency transaction (losses) gains	$ (146)	$ 386	$ (98)
Foreign currency exchange derivative gains	1	19	0
Pension service (expense) benefit	(5,566)	783	839
Interest income	248	19	5
Other	(56)	(166)	8
Other Nonoperating Gains (Losses)	$ (5,519)	$ 1,041	$ 754

Nature of Operations, Basis of Presentation and Significant Accounting Policies, Goodwill (Details)	Aug. 31, 2020 reporting_unit
Goodwill [Line Items]
Number of Reporting Units	6
Number Of Reporting Units, Performed Quantitative Assessment	5
NA Cabinet Components
Goodwill [Line Items]
Number of Reporting Units	1
EU Fenestration
Goodwill [Line Items]
Number of Reporting Units	2
Number Of Reporting Units, Performed Quantitative Assessment	2
NA Fenestration
Goodwill [Line Items]
Number of Reporting Units	3
Number Of Reporting Units, Performed Quantitative Assessment	3

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Inventories (Detail) - USD ($) $ in Thousands	12 Months Ended
Inventories (Detail) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Inventory, Net [Abstract]
Raw materials	$ 55,500	$ 68,455
Finished goods and work in process	43,394	54,013
Supplies and other	2,179	1,551
Total	101,073	124,019
Inventory reserves	3,114	3,129	$ 2,936
Inventories, net	97,959	120,890
Inventory Reserve Rollforward
Inventory reserves, beginning balance	3,129	2,936	6,484
Charged (credited) to costs & expenses	210	494	(568)
Write-offs	(293)	(133)	(3,060)
Other	(68)	168	(80)
Inventory reserves, ending balance	$ 3,114	$ 3,129	$ 2,936

Earnings Per Share (Tables)

12 Months Ended

Oct. 31, 2023

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, 2023, 2022 and 2021 follows (in thousands, except per share data):


Year Ended October 31, 2023	Net Income		Weighted Average Shares	Per Share
Basic earnings per common share	$	82,501	32,819	$	2.51
Effect of dilutive securities:
Stock options			33
Restricted stock awards			124
Performance restricted stock units			50
Diluted earnings per common share	$	82,501	33,026	$	2.50
Year Ended October 31, 2022
Basic earnings per common share	$	88,336	33,048	$	2.67
Effect of dilutive securities:
Stock options			25
Restricted stock awards			100
Performance restricted stock units			32
Diluted earnings per common share	$	88,336	33,205	$	2.66
Year Ended October 31, 2021
Basic earnings per common share	$	56,980	33,193	$	1.72
Effect of dilutive securities:
Stock options			82
Restricted stock awards			132
Performance restricted stock units			88






Diluted earnings per common share	$	56,980	33,495	$	1.70

Receivables & Allowance

12 Months Ended

Oct. 31, 2023

Receivables [Abstract]

Accounts Receivable and Allowance for Doubtful Accounts

Accounts Receivable and Allowance for Credit Losses

Accounts receivable consisted of the following as of October 31, 2023 and 2022 (in thousands):


	October 31,
	2023		2022
Trade receivables	$	97,871	$	95,851
Other	283		456
Total	98,154		96,307
Less: Allowance for credit losses	843		289
Accounts receivable, net	$	97,311	$	96,018

The changes in our allowance for credit losses were as follows (in thousands):


	Year Ended October 31,
	2023		2022		2021
Beginning balance as of November 1, 2022, 2021 and 2020	$	289	$	340	$	161
Current period provision for expected credit losses	711		314		267
Amounts written off	(165)		(299)		(88)
Recoveries	—		10		—
Foreign currency translation adjustments	8		(76)		—
Balance as of October 31, 2023, 2022 and 2021	$	843	$	289	$	340

Consolidated Statements of Cash Flow - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Operating activities:
Net income	$ 82,501	$ 88,336	$ 56,980
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	42,866	40,109	42,732
Loss on disposition of capital assets	278	109	3,039
Stock-based compensation	2,521	2,291	1,970
Deferred income tax	5,147	2,097	1,785
Other, net	1,529	1,905	2,126
Changes in assets and liabilities:
Decrease (increase) in accounts receivable	6,969	6,945	(19,017)
Decrease (increase) in inventory	30,024	(32,035)	(31,382)
Increase in other current assets	(1,880)	(970)	(1,817)
(Decrease) increase in accounts payable	(11,611)	(3,047)	7,097
(Decrease) increase in accrued liabilities	(4,249)	(3,159)	16,212
Decrease in income taxes payable	(9,009)	(5,192)	(378)
(Decrease) increase in deferred pension	(359)	77	(708)
Increase in other long-term liabilities	683	305	477
Other, net	1,642	194	(528)
Cash provided by operating activities	147,052	97,965	78,588
Investing activities:
Payments to Acquire Businesses, Net of Cash Acquired	(91,302)
Capital expenditures	(37,390)	(33,121)	(24,008)
Proceeds from disposition of capital assets	253	159	5,300
Cash used for investing activities	(128,439)	(32,962)	(18,708)
Financing activities:
Borrowings under credit facility	102,000	70,500	0
Repayments of credit facility borrowings	(100,000)	(95,500)	(65,000)
Debt issuance costs	0	(1,210)	0
Repayments of other long-term debt	(2,567)	(1,747)	(680)
Common stock dividends paid	(10,639)	(10,598)	(10,779)
Issuance of common stock	1,215	689	16,272
Payroll tax paid to settle shares forfeited upon vesting of stock	(567)	(1,413)	(492)
Purchase of treasury stock	(5,593)	(6,600)	(11,182)
Cash used for financing activities	(16,151)	(45,879)	(71,861)
Effect of exchange rate changes on cash and cash equivalents	919	(4,092)	421
Increase (decrease) in cash and cash equivalents	3,381	15,032	(11,560)
Cash and cash equivalents at beginning of period	55,093	40,061	51,621
Cash and cash equivalents at end of period	$ 58,474	$ 55,093	$ 40,061

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Oct. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Purchase Obligations 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 $10.1 million and $11.0 million pursuant to these arrangements for the years ended October 31, 2023 and 2022, respectively. These obligations total $7.9 million and $7.6 million at October 31, 2023 and 2022, respectively, and extend through fiscal 2024. Future amounts paid pursuant to these arrangements will depend, to some extent, on our usage. 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 $2.3 million as of February 2025, which is located in Other Liabilities on the Consolidated Balance Sheets. 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 2024. 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. 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.

Other Income (Expense) (Tables)

12 Months Ended

Oct. 31, 2023

Other Income and Expenses [Abstract]

Schedule of Other Non-operating Income (Expense)

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


	Year Ended October 31,
	2023		2022		2021
Foreign currency transaction (losses) gains	$	(146)	$	386	$	(98)
Foreign currency exchange derivative gains	1		19		—
Pension service (expense) benefit	(5,566)		783		839
Interest income	248		19		5
Other	(56)		(166)		8
Other (loss) income	$	(5,519)	$	1,041	$	754

Nature of Operations, Basis of Presentation and Significant Accounting Policies, Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Disaggregation of Revenue [Line Items]
Net sales	$ 1,130,583	$ 1,221,502	$ 1,072,149
United States
Disaggregation of Revenue [Line Items]
Net sales	834,525	911,180	778,486
Operating Segments \| NA Fenestration
Disaggregation of Revenue [Line Items]
Net sales	667,482	687,458	578,332
Operating Segments \| EU Fenestration
Disaggregation of Revenue [Line Items]
Net sales	250,774	262,058	251,599
Operating Segments \| NA Cabinet Components
Disaggregation of Revenue [Line Items]
Net sales	215,445	275,704	246,075
Intersegment Eliminations
Disaggregation of Revenue [Line Items]
Net sales	(3,118)	(3,718)	(3,857)
Corporate, Non-segment
Disaggregation of Revenue [Line Items]
Net sales	(3,118)	(3,718)	(3,857)
Fenestration \| Operating Segments \| NA Fenestration \| United States
Disaggregation of Revenue [Line Items]
Net sales	518,396	609,572	507,634
Fenestration \| Operating Segments \| NA Fenestration \| International
Disaggregation of Revenue [Line Items]
Net sales	30,100	35,906	34,610
Fenestration \| Operating Segments \| EU Fenestration \| International
Disaggregation of Revenue [Line Items]
Net sales	191,871	194,854	199,511
Fenestration \| Operating Segments \| NA Cabinet Components \| United States
Disaggregation of Revenue [Line Items]
Net sales	16,899	17,696	13,326
Non-fenestration \| Operating Segments \| NA Fenestration \| United States
Disaggregation of Revenue [Line Items]
Net sales	103,090	29,039	24,534
Non-fenestration \| Operating Segments \| NA Fenestration \| International
Disaggregation of Revenue [Line Items]
Net sales	15,896	12,941	11,554
Non-fenestration \| Operating Segments \| EU Fenestration \| International
Disaggregation of Revenue [Line Items]
Net sales	58,903	67,204	52,088
Non-fenestration \| Operating Segments \| NA Cabinet Components \| United States
Disaggregation of Revenue [Line Items]
Net sales	195,866	254,726	230,559
Non-fenestration \| Operating Segments \| NA Cabinet Components \| International
Disaggregation of Revenue [Line Items]
Net sales	$ 2,680	$ 3,282	$ 2,190

Segment Information (Detail) $ in Thousands	12 Months Ended
Segment Information (Detail) $ in Thousands	Oct. 31, 2023 USD ($) segment	Oct. 31, 2022 USD ($)	Oct. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of segments \| segment	3
General and Administrative Expense	$ 23,500	$ 24,500	$ 21,600
Net sales	1,130,583	1,221,502	1,072,149
Depreciation and amortization	42,866	40,109	42,732
Operating income (loss)	110,701	111,281	81,870
Interest Expense	8,136	2,559	2,530
Other, net	(5,519)	1,041	754
Income tax expense	(14,545)	(21,427)	(23,114)
Income (loss) from continuing operations	82,501	88,336	56,980
Capital expenditures	37,390	33,121	24,008
Goodwill	182,956	137,855	149,205
Assets	831,143	724,617
Goodwill, Translation Adjustments	3,708	(11,350)
Goodwill, Acquired During Period	41,393
Segment, Expenditure, Addition to Long-Lived Assets	37,390	33,121	24,008
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, net	554,355	439,290
Woodcraft
Segment Reporting Information [Line Items]
Goodwill	39,200
EU Fenestration
Segment Reporting Information [Line Items]
Goodwill, Translation Adjustments	3,708	(11,350)
United States
Segment Reporting Information [Line Items]
Net sales	834,525	911,180	778,486
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, net	384,318	279,616
Europe
Segment Reporting Information [Line Items]
Net sales	244,560	255,400	244,308
Canada
Segment Reporting Information [Line Items]
Net sales	25,845	31,442	25,007
Asia
Segment Reporting Information [Line Items]
Net sales	14,298	15,021	18,445
Other foreign countries
Segment Reporting Information [Line Items]
Net sales	11,355	8,459	5,903
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, net	44,098	41,669
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, net	$ 125,939	118,005
Operating Segments \| NA Fenestration
Segment Reporting Information [Line Items]
Number of segments \| segment	4
Net sales	$ 667,482	687,458	578,332
Depreciation and amortization	20,539	16,253	18,730
Operating income (loss)	72,159	74,570	56,248
Goodwill	80,105	38,712	38,712
Assets	379,286	279,139
Goodwill, Translation Adjustments	0	0
Segment, Expenditure, Addition to Long-Lived Assets	18,265	18,758	9,966
Operating Segments \| EU Fenestration
Segment Reporting Information [Line Items]
Net sales	250,774	262,058	251,599
Depreciation and amortization	9,849	9,674	10,373
Operating income (loss)	50,084	40,270	39,299
Goodwill	63,704	59,996	71,346
Assets	239,333	223,729
Segment, Expenditure, Addition to Long-Lived Assets	11,193	7,810	8,155
Operating Segments \| NA Cabinet Components
Segment Reporting Information [Line Items]
Net sales	215,445	275,704	246,075
Depreciation and amortization	12,208	13,830	13,263
Operating income (loss)	3,953	3,245	896
Goodwill	39,147	39,147	39,147
Assets	158,824	176,154
Goodwill, Translation Adjustments	0	0
Segment, Expenditure, Addition to Long-Lived Assets	6,972	6,454	5,559
Operating Segments \| NA Fenestration
Segment Reporting Information [Line Items]
Goodwill, Acquired During Period	41,393
Operating Segments \| Non-fenestration \| United States \| NA Fenestration
Segment Reporting Information [Line Items]
Net sales	103,090	29,039	24,534
Operating Segments \| Non-fenestration \| United States \| NA Cabinet Components
Segment Reporting Information [Line Items]
Net sales	195,866	254,726	230,559
Operating Segments \| Non-fenestration \| International \| NA Fenestration
Segment Reporting Information [Line Items]
Net sales	15,896	12,941	11,554
Operating Segments \| Non-fenestration \| International \| EU Fenestration
Segment Reporting Information [Line Items]
Net sales	58,903	67,204	52,088
Operating Segments \| Non-fenestration \| International \| NA Cabinet Components
Segment Reporting Information [Line Items]
Net sales	2,680	3,282	2,190
Operating Segments \| Fenestration \| United States \| NA Fenestration
Segment Reporting Information [Line Items]
Net sales	518,396	609,572	507,634
Operating Segments \| Fenestration \| United States \| NA Cabinet Components
Segment Reporting Information [Line Items]
Net sales	16,899	17,696	13,326
Operating Segments \| Fenestration \| International \| NA Fenestration
Segment Reporting Information [Line Items]
Net sales	30,100	35,906	34,610
Operating Segments \| Fenestration \| International \| EU Fenestration
Segment Reporting Information [Line Items]
Net sales	191,871	194,854	199,511
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales	(3,118)	(3,718)	(3,857)
Corporate, Non-segment
Segment Reporting Information [Line Items]
Net sales	(3,118)	(3,718)	(3,857)
Depreciation and amortization	270	352	366
Operating income (loss)	(15,495)	(6,804)	(14,573)
Goodwill	0	0	0
Assets	53,700	45,595
Goodwill, Translation Adjustments	0	0
Segment, Expenditure, Addition to Long-Lived Assets	$ 960	$ 99	$ 328

Consolidated Statement of Stockholders' Equity - USD ($)	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock, Common
Common stock, shares at Oct. 31, 2020		37,296,166
Stockholders' equity, value at Oct. 31, 2020	$ 355,759,000	$ 373,000	$ 253,458,000	$ 213,517,000	$ (33,024,000)	$ (78,565,000)
Treasury shares (in shares) at Oct. 31, 2020						(4,491,429)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	56,980,000			56,980,000
Foreign currency translation adjustment (net of taxes)	7,152,000				7,152,000
Change in pension from net unamortized (loss) gain, net of tax benefit (expense)	4,102,000				4,102,000
Common dividends ($0.32 per share)	(10,779,000)			(10,779,000)
Stock repurchased during period, shares (in shares)						(478,311)
Stock repurchased during period, value	(11,182,000)					$ (11,182,000)
Stock-based compensation activity:
Expense related to stock-based compensation	1,970,000		1,970,000
Stock options exercised	$ 16,272,000		1,073,000			$ 15,199,000
Stock options exercised (in shares)	865,393					865,393
Restricted stock awards granted			(1,282,000)			$ 1,282,000
Restricted stock awards granted (in shares)						73,300
Performance restricted stock unit awards vested			(565,000)			$ 565,000
Performance share awards vested (in shares)						32,322
Other (in shares)		(22,656)
Other	$ (492,000)		(492,000)
Common stock, shares at Oct. 31, 2021		37,273,510
Stockholders' equity, value at Oct. 31, 2021	419,782,000	$ 373,000	254,162,000	259,718,000	(21,770,000)	$ (72,701,000)
Treasury shares (in shares) at Oct. 31, 2021						(3,998,725)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	88,336,000			88,336,000
Foreign currency translation adjustment (net of taxes)	(28,334,000)				(28,334,000)
Change in pension from net unamortized (loss) gain, net of tax benefit (expense)	682,000				682,000
Common dividends ($0.32 per share)	$ (10,598,000)			(10,598,000)
Stock repurchased during period, shares (in shares)	(291,000)					(291,000)
Stock repurchased during period, value	$ (6,600,000)					$ (6,600,000)
Stock-based compensation activity:
Expense related to stock-based compensation	2,291,000		2,291,000
Stock options exercised	$ 689,000		38,000			$ 651,000
Stock options exercised (in shares)	35,600					35,600
Restricted stock awards granted			(1,534,000)			$ 1,534,000
Restricted stock awards granted (in shares)						84,400
Performance restricted stock unit awards vested			(1,598,000)			$ (1,598,000)
Performance share awards vested (in shares)						87,919
Other (in shares)		(62,454)
Other	$ (1,413,000)	$ (1,000)	(1,412,000)
Common stock, shares at Oct. 31, 2022	37,211,056	37,211,056
Stockholders' equity, value at Oct. 31, 2022	$ 464,835,000	$ 372,000	251,947,000	337,456,000	(49,422,000)	$ (75,518,000)
Treasury shares (in shares) at Oct. 31, 2022	(4,081,806)					(4,081,806)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 82,501,000			82,501,000
Foreign currency translation adjustment (net of taxes)	8,542,000				8,542,000
Change in pension from net unamortized (loss) gain, net of tax benefit (expense)	2,739,000				2,739,000
Common dividends ($0.32 per share)	$ (10,639,000)			(10,639,000)
Stock repurchased during period, shares (in shares)	(275,000)					(275,000)
Stock repurchased during period, value	$ (5,593,000)					$ (5,593,000)
Stock-based compensation activity:
Expense related to stock-based compensation	2,521,000		2,521,000
Stock options exercised	$ 1,215,000		32,000			$ 1,183,000
Stock options exercised (in shares)	63,587					63,587
Restricted stock awards granted			(1,752,000)			$ 1,752,000
Restricted stock awards granted (in shares)						94,700
Performance restricted stock unit awards vested			(605,000)			$ 32,680
Recognition of unrecognized tax benefit						605,000
Other (in shares)		(34,098)
Other	$ (567,000)	$ 0	(567,000)
Common stock, shares at Oct. 31, 2023	37,176,958	37,176,958
Stockholders' equity, value at Oct. 31, 2023	$ 545,554,000	$ 372,000	$ 251,576,000	$ 409,318,000	$ (38,141,000)	$ (77,571,000)
Treasury shares (in shares) at Oct. 31, 2023	(4,165,839)					(4,165,839)

Nature of Operations, Basis of Presentation and Significant Accounting Policies (Policies)

12 Months Ended

Oct. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and Principles of Consolidation, 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 From Contracts with Customers, Policy

Revenue from Contracts with Customers

Revenue recognition

Performance obligations

Pricing and sales incentives

Pricing is established at or prior to the time of sale with our customers and we record sales at the agreed-upon net selling price, reflective of current and prospective discounts.

Shipping and handling costs

Contract assets and liabilities

Deferred revenue, which is not significant, is recorded when we have remaining unsatisfied performance obligations for which we have received consideration.

Disaggregation of revenue


	Year Ended October 31,
	2023		2022		2021
	(in thousands)
NA Fenestration:
United States - fenestration	$	518,396	$	609,572	$	507,634
International - fenestration	30,100		35,906		34,610
United States - non-fenestration	103,090		29,039		24,534
International - non-fenestration	15,896		12,941		11,554
	$	667,482	$	687,458	$	578,332
EU Fenestration:

International - fenestration	$	191,871	$	194,854	$	199,511
International - non-fenestration	58,903		67,204		52,088
	$	250,774	$	262,058	$	251,599
NA Cabinet Components:
United States - fenestration	$	16,899	$	17,696	$	13,326
United States - non-fenestration	195,866		254,726		230,559
International - non-fenestration	2,680		3,282		2,190
	$	215,445	$	275,704	$	246,075
Unallocated Corporate & Other:
Eliminations	$	(3,118)	$	(3,718)	$	(3,857)
	$	(3,118)	$	(3,718)	$	(3,857)
Net sales	$	1,130,583	$	1,221,502	$	1,072,149

Cash and Cash Equivalents, Policy

Cash and Cash Equivalents

Concentraction Credit Risk and Allowance Policy

Concentration of Credit Risk and Allowance for Credit Losses

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

assets were not impaired. Should we be unable to successfully increase prices to offset inflation, it is possible that we could incur an impairment in the future.

The estimated useful lives of our primary asset categories at October 31, 2023 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 and Intangible Assets, Goodwill, Policy

Goodwill

Restructurings, Policy

Restructuring

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

On August 16, 2022, the Inflation Reduction Act of 2022 was enacted into U.S. law. This Act did not have a material impact to our consolidated financial statements.

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

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.

Debt and Capital Lease Obligations - Schedule of Debt Obligations (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Debt Instrument [Line Items]
Debt and Capital Lease Obligations	$ 68,800	$ 30,674
Debt Instrument, Unamortized Discount (Premium), Net	1,200	1,528
Less: Current maturities of long-term debt	2,365	1,046
Long-term debt	66,435	29,628
Revolving Credit Facility
Debt Instrument [Line Items]
Debt and Capital Lease Obligations	15,000	13,000
Capital Lease Obligations And Other
Debt Instrument [Line Items]
Debt and Capital Lease Obligations	$ 55,000	$ 19,202

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Leases (Details) - USD ($)	12 Months Ended
Leases (Details) - USD ($)	Oct. 31, 2023	Oct. 31, 2022
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets	$ 46,620,000	$ 56,000,000
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment, net of accumulated depreciation of $368,763 and $348,528	Property, plant and equipment, net of accumulated depreciation of $368,763 and $348,528
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$ 58,496,000	$ 22,003,000
Leases, Right-of-Use Asset	105,116,000	78,003,000
Current operating lease liabilities	7,224,000	7,727,000
Finance Lease, Liability, Current	2,676,000	1,336,000
Noncurrent operating lease liabilities	$ 40,361,000	$ 49,286,000
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Long-term debt	Long-term debt
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	$ 52,309,000	$ 17,816,000
Leases, Liability	$ 102,570,000	$ 76,165,000
Operating Lease, Weighted Average Remaining Lease Term	10 years 8 months 12 days	10 years 9 months 18 days
Finance Lease, Weighted Average Remaining Lease Term	18 years 8 months 12 days	13 years 8 months 12 days
Operating Lease, Weighted Average Discount Rate, Percent	4.09%	3.84%
Finance Lease, Weighted Average Discount Rate, Percent	4.52%	3.78%
Finance Lease, Liability	$ 54,985,000
Finance Lease, Right-of-Use Asset, Accumulated Amortization	$ 6,691,000	$ 3,726,000
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Current maturities of long-term debt	Current maturities of long-term debt
Operating lease right-of-use assets	$ 46,620,000	$ 56,000,000
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	58,496,000	22,003,000
Leases, Right-of-Use Asset	105,116,000	78,003,000
Current operating lease liabilities	7,224,000	7,727,000
Finance Lease, Liability, Current	2,676,000	1,336,000
Noncurrent operating lease liabilities	40,361,000	49,286,000
Leases, Liability	102,570,000	76,165,000
Operating Lease, Cost	9,145,000	9,934,000
Finance Lease, Right-of-Use Asset, Amortization	3,285,000	1,332,000
Finance Lease, Interest Expense	2,425,000	583,000
Variable Lease, Cost	1,663,000	977,000
Lease, Cost	16,518,000	12,826,000
Finance Lease, Principal Payments	2,397	1,162
Finance Lease, Interest Payment on Liability	2,425	583
Operating Lease, Payments	9,179	9,955
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	7,509	13,872
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	$ 26,531	$ 6,467
Operating Lease, Weighted Average Remaining Lease Term	10 years 8 months 12 days	10 years 9 months 18 days
Finance Lease, Weighted Average Remaining Lease Term	18 years 8 months 12 days	13 years 8 months 12 days
Operating Lease, Weighted Average Discount Rate, Percent	4.09%	3.84%
Finance Lease, Weighted Average Discount Rate, Percent	4.52%	3.78%
Lessee, Operating Lease, Liability, to be Paid, Year One	$ 8,825,000
Lessee, Operating Lease, Liability, to be Paid, Year Two	7,597,000
Lessee, Operating Lease, Liability, to be Paid, Year Three	6,268,000
Lessee, Operating Lease, Liability, to be Paid, Year Four	5,214,000
Lessee, Operating Lease, Liability, to be Paid, Year Five	4,312,000
Lessee, Operating Lease, Liability, to be Paid, after Year Five	28,097,000
Lessee, Operating Lease, Liability, to be Paid	60,313,000
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	12,728,000
Operating Lease, Liability	47,585,000
Finance Lease, Liability, to be Paid, Year One	5,061,000
Finance Lease, Liability, to be Paid, Year Two	4,979,000
Finance Lease, Liability, to be Paid, Year Three	4,812,000
Finance Lease, Liability, to be Paid, Year Four	4,671,000
Finance Lease, Liability, to be Paid, Year Five	4,534,000
Finance Lease, Liability, to be Paid, after Year Five	57,936,000
Finance Lease, Liability, Payment, Due	81,993,000
Finance Lease, Liability, Undiscounted Excess Amount	27,008,000
Finance Lease, Liability	$ 54,985,000
Equipment and Vehicles \| Minimum
Lessee, Lease, Description [Line Items]
Term	1 year
Equipment and Vehicles \| Maximum
Lessee, Lease, Description [Line Items]
Term	10 years
Real Estate-Related Leases \| Minimum
Lessee, Lease, Description [Line Items]
Term	5 years
Real Estate-Related Leases \| Maximum
Lessee, Lease, Description [Line Items]
Term	20 years

Income Taxes

12 Months Ended

Oct. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

The provision or benefit for income taxes includes U.S. federal income taxes (determined on a consolidated return basis), foreign income taxes and state income taxes. We provide for income taxes on taxable income at the applicable statutory rates. The following table summarizes the components of income tax expense for the years ended October 31, 2023, 2022 and 2021 (in thousands):


	Year Ended October 31,
	2023		2022		2021
Current
Federal	$	2,631	$	11,553	$	10,993
State and local	1,860		740		3,447
Non-United States	4,907		7,037		6,889
Total current	9,398		19,330		21,329
Deferred
Federal	4,637		2,127		(842)
State and local	1,015		(229)		(277)
Non-United States	(505)		199		2,904
Total deferred	5,147		2,097		1,785
Total income tax expense	$	14,545	$	21,427	$	23,114

For financial reporting purposes, income before income taxes for the years ended October 31, 2023, 2022 and 2021 includes the following components (in thousands):


	Year Ended October 31,
	2023		2022		2021
Domestic	$	42,586	$	64,850	$	36,879
Foreign	54,460		44,913		43,215
Total income before income taxes	$	97,046	$	109,763	$	80,094

The following table reconciles our effective income tax rate to the federal statutory rate for the years ended October 31, 2023, 2022 and 2021:


	Year Ended October 31,
	2023		2022		2021
United States tax at statutory rate	21.0	%	21.0	%	21.0	%
State and local income taxes net of federal tax benefit	1.8	%	1.6	%	2.3	%
Foreign tax rate differential	1.1	%	0.3	%	0.5	%
U.K. patent box benefit	(5.9)	%	(1.2)	%	(1.4)	%
U.S. income tax credits	(4.9)	%	(3.2)	%	(4.2)	%
Foreign inclusions (including global intangible low-taxed income)	4.6	%	3.2	%	4.2	%
Permanent differences	1.3	%	0.6	%	1.7	%
Tax return to accrual adjustments	(2.3)	%	(3.0)	%	(1.5)	%
Change in deferred tax rate	—	%	—	%	3.9	%



Change in uncertain tax position	(1.1)	%	—	%	1.1	%




Other	(0.6)	%	0.2	%	1.3	%
Effective tax rate	15.0	%	19.5	%	28.9	%

Our earnings from our foreign subsidiaries qualifies for Dividend Received Deduction and are not subject to withholding taxes upon remittances to the U.S. As a result, we do not anticipate any significant future tax impacts from any potential repatriation of previously unremitted foreign earnings. The amount of undistributed foreign earnings from international operations as of the years ended October 31, 2023 and 2022, respectively, was $21.3 million and $19.8 million.

Significant components of our net deferred tax liabilities and assets were as follows (in thousands):


	October 31,
	2023		2022
Deferred tax assets:
Employee benefit obligations	$	6,148	$	8,046
Accrued liabilities and reserves	1,130		1,430
Pension and other benefit obligations	27		1,426
Inventory	1,159		1,409

Research and development	2,075		—
Loss and tax credit carry forwards	1,203		1,589
Other	98		—
Total gross deferred tax assets	11,840		13,900
Less: Valuation allowance	585		534
Total deferred tax assets, net of valuation allowance	11,255		13,366
Deferred tax liabilities:
Property, plant and equipment	21,480		15,467

Goodwill and intangibles	18,908		20,162
Other	—		14
Total deferred tax liabilities	40,388		35,643
Net deferred tax liabilities	$	29,133	$	22,277

As of October 31, 2023, gross state operating loss carry forwards totaled $24.9 million. The majority of these losses begin to expire in 2033. 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, 2023 and 2022, totaling $0.6 million and $0.5 million, respectively. During the year ended October 31, 2023, we recorded a net $0.1 million increase in our state valuation allowance. The valuation allowance can be affected in future periods by changes to tax laws, changes to statutory tax rates, and changes in estimates of future taxable income. To fully realize these net deferred tax assets, we will need to generate sufficient future taxable income in the jurisdictions where these tax attributes exist during the periods in which the attributes can be utilized. As of each reporting date, management considers the weight of all evidence, both positive and negative, to determine if a valuation allowance is necessary for each jurisdiction’s net deferred tax assets. We place greater weight on historical evidence over future predictions of our ability to utilize net deferred tax assets. We consider future reversals of existing taxable temporary differences, future taxable income exclusive of reversing temporary differences, and taxable income in prior carryback year(s) if carryback is permitted under applicable law.

The following table shows the change in the unrecognized income tax benefit associated with uncertain tax positions for the years ended October 31, 2023, 2022 and 2021 (in thousands):


	Unrecognized Income Tax Benefits




Balance at October 31, 2020	$	522

Additions for tax positions related to the prior year	953
Reassessment of position	(87)
Balance at October 31, 2021	$	1,388


Reassessment of position	(27)
Balance at October 31, 2022	$	1,361


Lapse of statute of limitations	(1,111)
Balance at October 31, 2023	$	250

We account for uncertain tax benefits in accordance with guidance in ASC 740, which prescribes the minimum recognition threshold a tax position taken or expected to be taken in a tax return is required to meet before being recognized in the financial statements. During the year ended October 31, 2023, we reversed $1.1 million of unrecognized tax benefits due to expiration of the statute of limitations. The remaining liability for unrecognized tax benefits of $0.2 million related to certain state tax items regarding the interpretation of tax laws and regulations, including a minimal amount of interest and penalties. We include all interest and penalties related to uncertain tax benefits within our income tax provision account. To the extent interest and penalties are not assessed with respect to uncertain tax positions or the uncertainty of deductions in the future, amounts accrued will be reduced and reflected as a reduction of the overall income tax provision.

We, along with our subsidiaries, file income tax returns in the U.S. and various state jurisdictions as well as in the U.K., Germany and Canada. In certain jurisdictions, the statute of limitations has not yet expired. We generally remain subject to examination of our U.S. income tax returns for 2020 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 a reported federal adjustment or change remains subject to examination by various states within the longer of one year or the expiration date of the otherwise applicable statute of limitations.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 21
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-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Property, Plant & and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Property, Plant and Equipment [Abstract]
Land and land improvements	$ 11,268	$ 10,702
Buildings and building improvements	149,093	105,696
Machinery and equipment	429,743	384,023
Construction in progress	29,323	28,507
Property, plant and equipment, gross	619,427	528,928
Less: Accumulated depreciation	(368,763)	(348,528)
Property, plant and equipment, net	250,664	180,400
Depreciation	$ 27,600	$ 26,900	$ 28,800

Goodwill and Intangible Assets (Tables)

12 Months Ended

Oct. 31, 2023

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, 2023 and 2022 was as follows (in thousands):


	Year Ended October 31,
	2023		2022
Beginning balance as of November 1, 2022 and 2021	$	137,855	$	149,205
LMI acquisition	41,393		—


Foreign currency translation adjustment	3,708		(11,350)
Balance as of October 31, 2023 and 2022	$	182,956	$	137,855

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

Amortizable intangible assets consisted of the following as of October 31, 2023 and 2022 (in thousands):


	October 31, 2023	October 31, 2023				October 31, 2022
	Remaining Weighted Average Useful Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships	11 years	$	157,629	$	99,230	$	139,607	$	88,646
Trademarks and trade names	6 years	55,519		42,879		54,389		40,610
Patents and other technology	13 years	25,127		22,051		22,390		22,095

Total		$	238,275	$	164,160	$	216,386	$	151,351

Estimated Amortization Expense Related to Intangible Assets

Estimated remaining amortization expense, assuming current intangible balances and no new acquisitions, for future fiscal years as of October 31, 2023 (in thousands):


	Estimated Amortization Expense
2024	$	11,278
2025	10,051
2026	9,976
2027	9,977
2028	4,743
Thereafter	28,090
Total	$	74,115

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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-SubTopic 20
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

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-Paragraph 1
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
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-Paragraph 1
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
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-Section 50
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
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-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Debt and Capital Lease Obligations - Narrative (Details) - USD ($)		12 Months Ended
	Jul. 06, 2022	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021	Nov. 01, 2022
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount (Premium), Net		$ (1,200,000)	$ (1,528,000)
Letters of credit, outstanding		5,000,000
Debt and capital lease obligations		68,800,000	$ 30,674,000
Credit facility, amount available		$ 305,000,000			$ 215,000,000
Debt instrument, interest rate during period		6.01%	2.16%
Debt issuance costs		$ 0	$ (1,210,000)	$ 0
Revolving Credit Facility
Debt Instrument [Line Items]
Debt and capital lease obligations		$ 15,000,000	13,000,000
Term Loan Facility [Member]
Debt Instrument [Line Items]
Interest rate, stated percentage		6.67%
Credit Facility
Debt Instrument [Line Items]
Debt issuance costs			$ (1,200,000)
Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Debt Instrument, Term	5 years
Margin on base rate		1.25%
Line of Credit Facility, Maximum Borrowing Capacity, Committed Amount	$ 325,000,000
Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Secured leverage ratio		3.25
LIBOR stipulation (less than)		2.00%
Minimum incremental borrowing		$ 10,000,000
Maximum incremental borrowing		150,000,000
Debt instrument, limitation on annual dividend		$ 25,000,000
Debt Instrument, Leverage Ratio Threshold for Limitations to Take Effect		2.75
Debt Instrument, Liquidity Threshold for Limitations to Take Effect		$ 25,000,000
Required coverage ratio		3.00
Swing Line [Member] \| Line of Credit
Debt Instrument [Line Items]
Debt instrument, unused borrowing capacity, amount		$ 15,000,000

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Income Tax Examination [Line Items]
Operating loss carryforwards	$ 24,900
United States tax at statutory rate	21.00%	21.00%	21.00%
Liability for uncertain tax positions	$ 250	$ 1,361
Foreign earnings repatriated	21,300	19,800
State
Income Tax Examination [Line Items]
Operating loss carryforwards, valuation allowance	$ 600	$ 500

Property, Plant & and Equipment (Tables)

12 Months Ended

Oct. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment consisted of the following at October 31, 2023 and 2022 (in thousands):


	October 31,
	2023		2022
Land and land improvements	$	11,268	$	10,702
Buildings and building improvements	149,093		105,696
Machinery and equipment	429,743		384,023
Construction in progress	29,323		28,507
Property, plant and equipment, gross	619,427		528,928
Less: Accumulated depreciation	368,763		348,528
Property, plant and equipment, net	$	250,664	$	180,400

Stockholders' Equity (Details) - USD ($)	12 Months Ended
Stockholders' Equity (Details) - USD ($)	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021	Dec. 10, 2021
Class of Stock [Line Items]
Stock Repurchase Program, Authorized Amount				$ 75,000,000
Common stock, shares authorized (in shares)	125,000,000	125,000,000
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, par value (usd per share)	$ 0
Common stock, shares, issued (in shares)	37,176,958	37,211,056
Common stock, shares, outstanding (in shares)	33,011,119	33,129,250
Stock repurchased during period, shares (in shares)	275,000	291,000
Stock repurchased during period, value	$ 5,593,000	$ 6,600,000	$ 11,182,000

Nature of Operations, Basis of Presentation and Significant Accounting Policies, Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Related Party Transaction [Line Items]
Net sales	$ 1,130,583	$ 1,221,502	$ 1,072,149
Non-employee directors
Related Party Transaction [Line Items]
Net sales	1,200	$ 1,900	$ 0
Non-employee directors \| No single transaction or series of related transactions exceeded $120,000
Related Party Transaction [Line Items]
Net sales	$ 120

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

+ Details

Receivables & Allowance (Tables)

12 Months Ended

Oct. 31, 2023

Receivables [Abstract]

Accounts Receivable

Accounts receivable consisted of the following as of October 31, 2023 and 2022 (in thousands):


	October 31,
	2023		2022
Trade receivables	$	97,871	$	95,851
Other	283		456
Total	98,154		96,307
Less: Allowance for credit losses	843		289
Accounts receivable, net	$	97,311	$	96,018

Financing Receivable, Current, Allowance for Credit Loss

The changes in our allowance for credit losses were as follows (in thousands):


	Year Ended October 31,
	2023		2022		2021
Beginning balance as of November 1, 2022, 2021 and 2020	$	289	$	340	$	161
Current period provision for expected credit losses	711		314		267
Amounts written off	(165)		(299)		(88)
Recoveries	—		10		—
Foreign currency translation adjustments	8		(76)		—
Balance as of October 31, 2023, 2022 and 2021	$	843	$	289	$	340

Segment Information (Tables)

12 Months Ended

Oct. 31, 2023

Segment Reporting [Abstract]

Segment Information


	NA Fenestration		EU Fenestration		NA Cabinet Comp.		Unallocated Corp. & Other		Total
Year Ended October 31, 2023
Net sales	$	667,482	$	250,774	$	215,445	$	(3,118)	$	1,130,583
Depreciation and amortization	20,539		9,849		12,208		270		42,866
Operating income (loss)	72,159		50,084		3,953		(15,495)		110,701
Capital expenditures	18,265		11,193		6,972		960		37,390
Total assets	$	379,286	$	239,333	$	158,824	$	53,700	$	831,143
Year Ended October 31, 2022
Net sales	$	687,458	$	262,058	$	275,704	$	(3,718)	$	1,221,502
Depreciation and amortization	16,253		9,674		13,830		352		40,109
Operating income (loss)	74,570		40,270		3,245		(6,804)		111,281
Capital expenditures	18,758		7,810		6,454		99		33,121
Total assets	$	279,139	$	223,729	$	176,154	$	45,595	$	724,617
Year Ended October 31, 2021
Net sales	$	578,332	$	251,599	$	246,075	$	(3,857)	$	1,072,149
Depreciation and amortization	18,730		10,373		13,263		366		42,732
Operating income (loss)	56,248		39,299		896		(14,573)		81,870
Capital expenditures	$	9,966	$	8,155	$	5,559	$	328	$	24,008

The following table summarizes the change in the carrying amount of goodwill by segment for the years ended October 31, 2023 and 2022 (in thousands):


	NA Fenestration		EU Fenestration		NA Cabinet Comp.		Unallocated Corp. & Other		Total


Balance as of October 31, 2021	$	38,712	$	71,346	$	39,147	$	—	$	149,205

Foreign currency translation adjustment	—		(11,350)		—		—		(11,350)
Balance as of October 31, 2022	$	38,712	$	59,996	$	39,147	$	—	$	137,855
LMI acquisition	41,393		—		—		—		41,393
Foreign currency translation adjustment	—		3,708		—		—		3,708
Balance as of October 31, 2023	$	80,105	$	63,704	$	39,147	$	—	$	182,956


	Year Ended October 31,
	2023		2022		2021
Operating income	$	110,701	$	111,281	$	81,870
Interest expense	(8,136)		(2,559)		(2,530)
Other, net	(5,519)		1,041		754
Income tax expense	(14,545)		(21,427)		(23,114)
Net income	$	82,501	$	88,336	$	56,980

Schedule of Product Sales


	Year Ended October 31,
	2023		2022		2021
	(in thousands)
NA Fenestration:
United States - fenestration	$	518,396	$	609,572	$	507,634
International - fenestration	30,100		35,906		34,610
United States - non-fenestration	103,090		29,039		24,534
International - non-fenestration	15,896		12,941		11,554
	$	667,482	$	687,458	$	578,332
EU Fenestration:

International - fenestration	$	191,871	$	194,854	$	199,511
International - non-fenestration	58,903		67,204		52,088
	$	250,774	$	262,058	$	251,599
NA Cabinet Components:
United States - fenestration	$	16,899	$	17,696	$	13,326
United States - non-fenestration	195,866		254,726		230,559
International - non-fenestration	2,680		3,282		2,190
	$	215,445	$	275,704	$	246,075
Unallocated Corporate & Other:
Eliminations	$	(3,118)	$	(3,718)	$	(3,857)
	$	(3,118)	$	(3,718)	$	(3,857)
Net sales	$	1,130,583	$	1,221,502	$	1,072,149

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, 2023, 2022 and 2021, and our long-lived assets as of October 31, 2023 and 2022 (in thousands):


	Year Ended October 31,
Net sales	2023		2022		2021
United States	$	834,525	$	911,180	$	778,486
Europe	244,560		255,400		244,308
Canada	25,845		31,442		25,007
Asia	14,298		15,021		18,445
Other foreign countries	11,355		8,459		5,903
Total net sales	$	1,130,583	$	1,221,502	$	1,072,149


	October 31,
Long-lived assets, net	2023		2022
United States	$	384,318	$	279,616
Germany	44,098		41,669
United Kingdom	125,939		118,005
Total long-lived assets, net	$	554,355	$	439,290