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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, 2012
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| SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RELATED DATA |
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| Schedule of Inventories |
Inventories as of October 31 were as follows:
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| |
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2012 |
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2011 |
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| |
|
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Raw materials and work in progress |
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$ |
91,465 |
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$ |
94,176 |
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Finished goods and service parts |
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|
223,459 |
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|
189,855 |
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| |
|
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Total FIFO value |
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314,924 |
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284,031 |
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Less: adjustment to LIFO value |
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63,807 |
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61,001 |
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| |
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Total |
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$ |
251,117 |
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$ |
223,030 |
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| |
|
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| Schedule of property, plant and equipment |
Property, plant, and equipment as of October 31 was as follows:
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2012 |
|
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2011 |
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| |
|
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Land and land improvements |
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$ |
27,325 |
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$ |
26,776 |
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Buildings and leasehold improvements |
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129,353 |
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129,252 |
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Machinery and equipment |
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460,568 |
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434,796 |
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Computer hardware and software |
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65,861 |
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63,826 |
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| |
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Subtotal |
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683,107 |
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654,650 |
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Less: accumulated depreciation |
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502,584 |
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463,510 |
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| |
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Total property, plant, and equipment, net |
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$ |
180,523 |
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$ |
191,140 |
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| |
|
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| Schedule of changes in accrued warranties |
The changes in accrued warranties were as follows:
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Fiscal years ended October 31 |
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2012 |
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2011 |
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Beginning balance |
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$ |
62,730 |
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$ |
56,934 |
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Warranty provisions |
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38,439 |
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40,144 |
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Warranty claims |
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(35,431 |
) |
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(33,774 |
) |
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Changes in estimates |
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3,910 |
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(849 |
) |
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Additions from acquisitions |
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|
200 |
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|
275 |
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| |
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Ending balance |
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$ |
69,848 |
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$ |
62,730 |
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| |
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| Components of accumulated other comprehensive loss |
Components of accumulated other comprehensive loss within the consolidated statements of stockholders' equity are as follows:
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As of October 31 |
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2012 |
|
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2011 |
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2010 |
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| |
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Foreign currency translation adjustments |
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$ |
5,436 |
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$ |
2,904 |
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$ |
3,008 |
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Pension and retiree medical benefits, net of tax |
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4,328 |
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3,800 |
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3,261 |
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Derivative instruments, net of tax |
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|
210 |
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|
122 |
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2,793 |
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Total accumulated other comprehensive loss |
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$ |
9,974 |
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$ |
6,826 |
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$ |
9,062 |
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| Reconciliations of basic and diluted weighted-average shares of common stock outstanding |
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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2012 |
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2011 |
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2010 |
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Weighted-average number of shares of common stock |
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59,440 |
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62,530 |
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65,960 |
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Assumed issuance of contingent shares |
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6 |
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4 |
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4 |
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Weighted-average number of shares of common stock and assumed issuance of contingent shares |
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59,446 |
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62,534 |
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65,964 |
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DILUTED |
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(Shares in thousands)
Fiscal years ended October 31 |
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2012 |
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2011 |
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2010 |
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Weighted-average number of shares of common stock and assumed issuance of contingent shares |
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59,446 |
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62,534 |
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65,964 |
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Effect of dilutive securities |
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1,172 |
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|
1,060 |
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|
910 |
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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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60,618 |
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63,594 |
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66,874 |
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