v3.26.1
REVENUE
6 Months Ended
Apr. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] REVENUE
    
Contract Balances

    Contract assets (unbilled receivables) represent revenue recognized on contracts using an over time recognition model in excess of amounts invoiced to the customer. Contract liabilities (deferred revenue) represent customer advances and billings in excess of revenue recognized and are included within accrued expenses and other current liabilities and other long-term liabilities in the Company’s Condensed Consolidated Balance Sheets.

    The following table presents the Company's contract assets and liabilities (in thousands):
As ofAs of
April 30, 2026October 31, 2025
Contract assets, current $131,590 $119,257 
Contract liabilities, current (132,070)(79,529)
Contract liabilities, long-term(71,122)(84,714)
Total contract liabilities (203,192)(164,243)
Net contract liabilities($71,602)($44,986)

The increase in the Company's contract assets during the first six months of fiscal 2026 principally reflects additional unbilled receivables on certain customer contracts using an over time recognition model in excess of billings, as well as the contract assets of a certain business acquired during fiscal 2026. The increase in the Company's total contract liabilities during the first six months of fiscal 2026 principally reflects the receipt of advance deposits on certain customer contracts, mainly at the FSG.

The amount of revenue that the Company recognized during the six and three months ended April 30, 2026 that was included in contract liabilities as of the beginning of fiscal 2026 was $55.8 million and $26.2 million, respectively.
    
Remaining Performance Obligations

Backlog, which the Company believes to be the equivalent of its remaining performance obligations, represents contractually committed or firm customer orders. As of April 30, 2026,
the Company had $2,622.6 million of remaining performance obligations associated with firm contracts pertaining to many of the products offered by the FSG and ETG. The Company will recognize net sales as these obligations are satisfied. The Company expects to recognize $1,177.0 million of this amount during the remainder of fiscal 2026 and $1,445.6 million thereafter, of which the majority is expected to occur in fiscal 2027.

Disaggregation of Revenue

    The following table summarizes the Company’s net sales by product line for each operating segment (in thousands):
Six months ended April 30,Three months ended April 30,
2026202520262025
Flight Support Group:
Aftermarket replacement parts (1)
$1,084,188 $925,990 $570,327 $469,962 
Repair and overhaul parts and services (2)
422,529 342,105 225,875 186,656 
Specialty products (3)
242,710 212,149 133,225 110,452 
Total net sales1,749,427 1,480,244 929,427 767,070 
Electronic Technologies Group:
Electronic component parts primarily for
defense, space and aerospace equipment (4)
680,107 539,713 378,945 276,091 
Electronic component parts for equipment
in various other industries (5)
150,100 132,769 80,587 66,076 
Total net sales830,207 672,482 459,532 342,167 
Intersegment sales(25,339)(24,684)(13,246)(11,417)
Total consolidated net sales$2,554,295 $2,128,042 $1,375,713 $1,097,820 

(1)    Includes various jet engine and aircraft component replacement parts.
(2)    Includes primarily the sale of parts consumed in various repair and overhaul services on selected jet engine and aircraft components, avionics, instruments, composites and flight surfaces of commercial and military aircraft.
(3) Includes primarily the sale of specialty components such as missile hardware and components, thermal insulation blankets, renewable/reusable insulation systems, advanced niche components, complex composite assemblies, expanded foil mesh, emergency descent devices, personnel and cargo parachute products, as well as machining, brazing, fabricating and welding services.
(4)    Includes various types of electronic, data and microwave, and electro-optical component parts such as electro-optical infrared simulation and test equipment, electro-optical laser products, microwave and other power equipment, high-speed interface products, power conversion products, power distribution solutions, underwater locator beacons, emergency locator transmission beacons, traveling wave tube amplifiers, microwave power modules, a wide variety of memory products and radio frequency (RF) and microwave products, crashworthy primary fuel system bladders and ballistically self-sealing
auxiliary fuel systems, high performance communications and electronic intercept receivers and tuners, high performance active antenna systems and airborne antennas, technical surveillance countermeasures (TSCM) equipment, custom high power filters and filter assemblies, radiation assurance services and products, and high-reliability, complex, passive electronic components and rotary joint assemblies, proprietary in-cabin power and entertainment components and subsystems, and cockpit displays and other avionics components.
(5)    Includes various component parts such as electromagnetic and radio frequency interference shielding, high voltage interconnection devices, high voltage advanced power electronics, harsh environment connectivity products, custom molded cable assemblies, silicone material for a variety of demanding applications, and rugged small form-factor embedded computing solutions, and high-performance test sockets and adaptors.

    The following table summarizes the Company’s net sales by industry for each operating segment (in thousands):
Six months ended April 30,Three months ended April 30,
2026202520262025
Flight Support Group:
Aerospace$1,301,485 $1,106,321 $675,013 $572,700 
Defense and Space 405,776 344,001 226,399 178,112 
Other (1)
42,166 29,922 28,015 16,258 
Total net sales1,749,427 1,480,244 929,427 767,070 
Electronic Technologies Group:
Defense and Space 387,958 341,987 217,595 171,246 
Other (2)
240,852 205,340 129,458 106,378 
Aerospace 201,397 125,155 112,479 64,543 
Total net sales830,207 672,482 459,532 342,167 
Intersegment sales (25,339)(24,684)(13,246)(11,417)
Total consolidated net sales$2,554,295 $2,128,042 $1,375,713 $1,097,820 

(1)    Principally industrial products.
(2)    Principally other electronics and medical products.