v3.25.1
Property, Plant & Equipment
6 Months Ended
Apr. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Property, Plant and Equipment
Property, plant and equipment consisted of the following as of April 30, 2025 and October 31, 2024 (in thousands):
 April 30,
2025
October 31,
2024
Land and land improvements$17,322 $99,068 
Buildings and building improvements197,530 186,087 
Machinery and equipment509,154 462,628 
Construction in progress60,805 46,534 
Property, plant and equipment, gross784,811 794,317 
Less: Accumulated depreciation367,707 391,851 
Property, plant and equipment, net$417,104 $402,466 
Depreciation expense, including amortization of finance leases, for the three and six months ended April 30, 2025 of $12.7 million and $26.6 million, respectively, and $7.9 million and $15.9 million for the comparable prior year periods.
The reported balances of our property, plant and equipment as of April 30, 2025 have been updated to incorporate reclassifications of balances between categories of assets and between gross and accumulated depreciation values. These reclassifications are immaterial to the current and prior period financial statements.
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 periods ended April 30, 2025 and October 31, 2024.