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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RELATED DATA (Tables)
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12 Months Ended |
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Oct. 31, 2011
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RELATED DATA. |
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| Schedule of Inventories |
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Inventories as of October 31 were as follows:
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|
|
|
|
|
|
| |
|
|
|
|
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2011 |
|
|
2010 |
|
| |
|
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Raw materials and work in progress |
|
$ |
94,176 |
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$ |
66,152 |
|
|
Finished goods and service parts |
|
|
189,855 |
|
|
183,992 |
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| |
|
|
Total FIFO value |
|
|
284,031 |
|
|
250,144 |
|
|
Less: adjustment to LIFO value |
|
|
61,001 |
|
|
55,742 |
|
| |
|
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Total |
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$ |
223,030 |
|
$ |
194,402 |
|
| |
| |
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| Schedule of property, plant and equipment |
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Property, plant, and equipment as of October 31 was as follows:
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| |
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|
|
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2011 |
|
|
2010 |
|
| |
|
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Land and land improvements |
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$ |
26,776 |
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$ |
24,667 |
|
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Buildings and leasehold improvements |
|
|
129,252 |
|
|
115,480 |
|
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Machinery and equipment |
|
|
434,796 |
|
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396,228 |
|
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Computer hardware and software |
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|
63,826 |
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|
57,695 |
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| |
|
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Subtotal |
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654,650 |
|
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594,070 |
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Less: accumulated depreciation |
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|
463,510 |
|
|
420,663 |
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| |
|
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Total property, plant, and equipment, net |
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$ |
191,140 |
|
$ |
173,407 |
|
| |
| |
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| Schedule of changes in accrued warranties |
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The changes in accrued warranties were as follows:
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Fiscal years ended October 31 |
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2011 |
|
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2010 |
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| |
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Beginning Balance |
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$ |
56,934 |
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$ |
54,273 |
|
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Warranty provisions |
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40,144 |
|
|
36,540 |
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Warranty claims |
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(33,774 |
) |
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(32,570 |
) |
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Changes in estimates |
|
|
(849 |
) |
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(1,334 |
) |
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Addition from acquisitions |
|
|
275 |
|
|
25 |
|
| |
|
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Ending Balance |
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$ |
62,730 |
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$ |
56,934 |
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| |
| |
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| Components of accumulated other comprehensive loss |
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Components of accumulated other comprehensive loss as of October 31 were as follows:
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| |
|
|
|
|
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2011 |
|
|
2010 |
|
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2009 |
|
| |
|
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Foreign currency translation adjustment |
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$ |
2,904 |
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$ |
3,008 |
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$ |
2,368 |
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Adjustments to employee retirement benefits, net of tax |
|
|
3,800 |
|
|
3,261 |
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3,942 |
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Unrealized loss on derivative instruments, net of tax |
|
|
122 |
|
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2,793 |
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|
3,093 |
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| |
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Total accumulated other comprehensive loss |
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$ |
6,826 |
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$ |
9,062 |
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$ |
9,403 |
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| |
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| Reconciliations of basic and diluted weighted-average shares of common stock outstanding |
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Reconciliations of basic and diluted weighted-average shares of common stock outstanding are as follows:
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BASIC |
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(Shares in thousands)
Fiscal years ended October 31 |
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2011 |
|
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2010 |
|
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2009 |
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| |
|
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Weighted-average number of shares of common stock |
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|
31,265 |
|
|
32,980 |
|
|
35,784 |
|
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Assumed issuance of contingent shares |
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2 |
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|
2 |
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4 |
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| |
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Weighted-average number of shares of common stock and assumed issuance of contingent shares |
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31,267 |
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32,982 |
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35,788 |
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DILUTED |
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(Shares in thousands)
Fiscal years ended October 31 |
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2011 |
|
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2010 |
|
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2009 |
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| |
|
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Weighted-average number of shares of common stock and assumed issuance of contingent shares |
|
|
31,267 |
|
|
32,982 |
|
|
35,788 |
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Effect of dilutive securities |
|
|
530 |
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|
455 |
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|
452 |
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| |
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Weighted-average number of shares of common stock, assumed issuance of contingent and restricted shares, and effect of dilutive securities |
|
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31,797 |
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33,437 |
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36,240 |
| |
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