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Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Feb. 01, 2019	Feb. 27, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	TORO CO
Entity Central Index Key	0000737758
Document Type	10-Q
Document Period End Date	Feb. 01, 2019
Amendment Flag	false
Current Fiscal Year End Date	--10-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding (in shares)		106,110,375
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1

Condensed Consolidated Statements of Earnings (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Feb. 01, 2019	Feb. 02, 2018
Income Statement [Abstract]
Net sales	$ 602,956	$ 548,246
Cost of sales	387,339	344,007
Gross profit	215,617	204,239
Selling, general and administrative expense	145,563	137,317
Operating earnings	70,054	66,922
Interest expense	(4,742)	(4,818)
Other income, net	4,708	4,281
Earnings before income taxes	70,020	66,385
Provision for income taxes	10,480	43,781
Net earnings	$ 59,540	$ 22,604
Basic net earnings per share of common stock (usd per share)	$ 0.56	$ 0.21
Diluted net earnings per share of common stock (usd per share)	$ 0.55	$ 0.21
Weighted-average number of shares of common stock outstanding — Basic (in shares)	106,258	107,225
Weighted-average number of shares of common stock outstanding — Diluted (in shares)	107,781	109,855

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Feb. 01, 2019	Feb. 02, 2018
Statement of Comprehensive Income [Abstract]
Net earnings	$ 59,540	$ 22,604
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	3,431	10,872
Derivative instruments, net of tax of $(1,352) and $(579), respectively	(4,009)	(2,779)
Other comprehensive income (loss), net of tax	(578)	8,093
Comprehensive income	$ 58,962	$ 30,697

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Feb. 01, 2019	Feb. 02, 2018
Statement of Comprehensive Income [Abstract]
Derivative instruments, tax	$ (1,352)	$ (579)

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Feb. 01, 2019	Oct. 31, 2018	Feb. 02, 2018
ASSETS
Cash and cash equivalents	$ 249,965	$ 289,124	$ 219,730
Receivables, net	225,528	193,178	198,736
Inventories, net	416,650	358,259	439,343
Prepaid expenses and other current assets	41,789	54,076	43,039
Total current assets	933,932	894,637	900,848
Property, plant and equipment, gross	950,640	928,981	883,462
Less accumulated depreciation	671,370	657,522	649,014
Property, plant and equipment, net	279,270	271,459	234,448
Deferred income taxes	39,589	38,252	44,752
Goodwill	227,091	225,290	205,954
Other intangible assets, net	104,017	105,649	102,366
Other assets	38,915	35,697	28,438
Total assets	1,622,814	1,570,984	1,516,806
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current portion of long-term debt	0	0	13,000
Accounts payable	281,526	256,575	266,586
Accrued liabilities	283,452	276,060	292,903
Total current liabilities	564,978	532,635	572,489
Long-term debt, less current portion	312,551	312,549	302,465
Deferred income taxes	1,410	1,397	1,839
Other long-term liabilities	49,478	55,487	59,232
Stockholders’ equity:
Preferred stock, par value $1.00 per share, authorized 1,000,000 voting and 850,000 non-voting shares, none issued and outstanding	0	0	0
Common stock, par value $1.00 per share, authorized 175,000,000 shares; issued and outstanding 105,746,538 shares as of February 1, 2019, 106,434,655 shares as of February 2, 2018, and 105,600,652 shares as of October 31, 2018	105,747	105,601	106,435
Retained earnings	613,165	587,252	490,373
Accumulated other comprehensive loss	(24,515)	(23,937)	(16,027)
Total stockholders’ equity	694,397	668,916	580,781
Total liabilities and stockholders’ equity	$ 1,622,814	$ 1,570,984	$ 1,516,806

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Feb. 01, 2019	Oct. 31, 2018	Feb. 02, 2018
Preferred stock
Preferred stock, par value (in dollars per share)	$ 1.00	$ 1.00	$ 1.00
Preferred stock, issued (in shares)	0	0	0
Preferred stock, outstanding (in shares)	0	0	0
Common stock
Common stock, par value (in dollars per share)	$ 1.00	$ 1.00	$ 1.00
Common stock, authorized (in shares)	175,000,000	175,000,000	175,000,000
Common stock, issued (in shares)	105,746,538	105,600,652	106,434,655
Common stock, outstanding (in shares)	105,746,538	105,600,652	106,434,655
Voting preferred stock
Preferred stock
Preferred stock, authorized (in shares)	1,000,000	1,000,000	1,000,000
Non-voting preferred stock
Preferred stock
Preferred stock, authorized (in shares)	850,000	850,000	850,000

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Feb. 01, 2019	Feb. 02, 2018
Cash flows from operating activities:
Net earnings	$ 59,540	$ 22,604
Adjustments to reconcile net earnings to net cash provided by operating activities:
Non-cash income from finance affiliate	(2,429)	(2,192)
Contributions to finance affiliate, net	(459)	(252)
Provision for depreciation and amortization	15,583	15,226
Stock-based compensation expense	3,924	3,124
Deferred income taxes	(1,225)	19,682
Other	0	(26)
Changes in operating assets and liabilities, net of effect of acquisitions:
Receivables, net	(31,331)	(12,989)
Inventories, net	(52,380)	(107,017)
Prepaid expenses and other assets	8,119	(2,588)
Accounts payable, accrued liabilities, deferred revenue and other long-term liabilities	26,643	72,523
Net cash provided by operating activities	25,985	8,095
Cash flows from investing activities:
Purchases of property, plant and equipment	(14,180)	(10,784)
Proceeds from asset disposals	3	0
Investment in unconsolidated entities	(150)	0
Acquisitions, net of cash acquired	(12,498)	0
Net cash used in investing activities	(26,825)	(10,784)
Cash flows from financing activities:
Payments on long-term debt	0	(18,017)
Proceeds from exercise of stock options	7,569	4,436
Payments of withholding taxes for stock awards	(1,872)	(3,077)
Purchases of Toro common stock	(20,043)	(50,066)
Dividends paid on Toro common stock	(23,923)	(21,425)
Net cash used in financing activities	(38,269)	(88,149)
Effect of exchange rates on cash and cash equivalents	(50)	312
Net decrease in cash and cash equivalents	(39,159)	(90,526)
Cash and cash equivalents as of the beginning of the fiscal period	289,124	310,256
Cash and cash equivalents as of the end of the fiscal period	$ 249,965	$ 219,730

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive Loss
Balance at beginning of period at Oct. 31, 2017	$ 617,092	$ 106,883	$ 534,329	$ (24,120)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends paid on common stock	(21,425)		(21,425)
Issuance of shares for stock options exercised and restricted stock units vested	2,999	507	2,492
Stock-based compensation expense	3,124		3,124
Contribution of stock to a deferred compensation trust	1,437		1,437
Purchase of common stock	(53,143)	(955)	(52,188)
Other comprehensive (loss)/Income	8,093			8,093
Net earnings	22,604		22,604
Balance at end of period at Feb. 02, 2018	580,781	106,435	490,373	(16,027)
Balance at beginning of period at Oct. 31, 2018	668,916	105,601	587,252	(23,937)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends paid on common stock	(23,923)		(23,923)
Issuance of shares for stock options exercised and restricted stock units vested	6,165	538	5,627
Stock-based compensation expense	3,924		3,924
Contribution of stock to a deferred compensation trust	1,404		1,404
Purchase of common stock	(21,915)	(392)	(21,523)
Other comprehensive (loss)/Income	(578)			(578)
Net earnings	59,540		59,540
Balance at end of period at Feb. 01, 2019	$ 694,397	$ 105,747	$ 613,165	$ (24,515)

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Feb. 01, 2019	Feb. 02, 2018
Statement of Stockholders' Equity [Abstract]
Cash dividends paid on common stock (in dollars per share)	$ 0.225	$ 0.20
Issuance of options (in shares)	537,786	506,991
Purchase of shares of common stock (in shares)	391,900	955,308

Basis of Presentation

3 Months Ended

Feb. 01, 2019

Accounting Policies [Abstract]

Basis of Presentation

The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with the instructions to Form 10-Q and do not include all the information and notes required by United States ("U.S.") generally accepted accounting principles ("GAAP") for complete financial statements. Unless the context indicates otherwise, the terms "company," "Toro," "we," "our," or "us" refer to The Toro Company and its consolidated subsidiaries. All intercompany accounts and transactions have been eliminated from the unaudited Condensed Consolidated Financial Statements.

In the opinion of management, the unaudited Condensed Consolidated Financial Statements include all adjustments, consisting primarily of recurring accruals, considered necessary for the fair presentation of the company's Consolidated Financial Position, Results of Operations, and Cash Flows for the periods presented. Since the company’s business is seasonal, operating results for the three months ended February 1, 2019 cannot be annualized to determine the expected results for the fiscal year ending October 31, 2019.

The company’s fiscal year ends on October 31, and quarterly results are reported based on three-month periods that generally end on the Friday closest to the quarter end. For comparative purposes, however, the company’s second and third quarters always include exactly 13 weeks of results so that the quarter end date for these two quarters is not necessarily the Friday closest to the calendar month end.

For further information, refer to the Consolidated Financial Statements and Notes to Consolidated Financial Statements included in the company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2018. The policies described in that report are used for preparing quarterly reports.

Accounting Policies

In preparing the Condensed Consolidated Financial Statements in conformity with U.S. GAAP, management must make decisions that impact the reported amounts of assets, liabilities, revenues, expenses, and the related disclosures, including disclosures of contingent assets and liabilities. Such decisions include the selection of the appropriate accounting principles to be applied and the assumptions on which to base accounting estimates. Estimates are used in determining, among other items, sales promotion and incentive accruals, incentive compensation accruals, income tax accruals, inventory valuation, warranty reserves, allowance for doubtful accounts, pension and post-retirement accruals, self-insurance accruals, useful lives for tangible and definite-lived intangible assets, and future cash flows associated with impairment testing for goodwill, indefinite-lived intangible assets and other long-lived assets. These estimates and assumptions are based on management’s best estimates and judgments at the time they are made and are generally derived from management's understanding and analysis of the relevant circumstances, historical experience, and actuarial valuations. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors that management believes to be reasonable under the circumstances, including the current economic environment. Management adjusts such estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with certainty, actual amounts could differ significantly from those estimated at the time the Condensed Consolidated Financial Statements are prepared.

New Accounting Pronouncements Adopted

In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Updates ("ASU") No. 2014-09, Revenue from Contracts with Customers that updates the principles for recognizing revenue. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. The guidance also requires enhanced disclosures regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606), which deferred the effective date of this standard by one year. The company adopted ASU 2014-09 effective November 1, 2018, during the first quarter of fiscal 2019, using the modified retrospective method of adoption, which was applied to all contracts for which the company's performance obligations were not completed as of October 31, 2018. In adopting ASU 2014-09, the company elected the following allowable exemptions or practical expedients:


•	Portfolio approach practical expedient relative to the estimation of variable consideration.


•	Shipping and handling practical expedient to account for shipping and handling activities that occur after control of the related good transfers as fulfillment activities.


•	Costs of obtaining a contract practical expedient to recognize the incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset is one year or less.


•	Immaterial goods or services practical expedient to not assess whether promised goods or services are performance obligations if they are immaterial in the context of the contract with the customer.


•	Sales taxes practical expedient to exclude sales taxes and other similar taxes from the transaction price.


•	Exemption to not disclose the unfulfilled performance obligation balance for contracts with an original length of one year or less.

Upon adoption of ASU 2014-09, the company recognized an immaterial transition adjustment within the company's fiscal 2019 beginning retained earnings balance on the Condensed Consolidated Balance Sheets for the cumulative effect of the change in accounting standard. Results for reporting periods beginning after November 1, 2018 are presented under the guidelines of Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers, while prior reporting period amounts have not been adjusted and continue to be reported under ASC 605, Revenue Recognition. The adoption of ASU 2014-09 did not materially impact the amount of revenue recognized or any other financial statement line item as of and for the three months ended February 1, 2019. Additionally, the company identified and implemented the appropriate changes to its business processes, information systems, and internal controls to support the preparation of financial information, which did not materially affect the company's internal controls over financial reporting. Refer to Note 14, Revenue, for the additional disclosures required under ASC 606.

In May 2017, the FASB issued ASU No. 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting, which provides guidance on the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting under Topic 718. The amended guidance was adopted in the first quarter of fiscal 2019 and did not have a material impact on the company's Condensed Consolidated Financial Statements.

Acquisitions	3 Months Ended
Acquisitions	Feb. 01, 2019
Business Combinations [Abstract]
Acquisitions	Acquisitions Northeastern U.S. Distribution Company Effective November 30, 2018, during the first quarter of fiscal 2019, the company completed the acquisition of substantially all of the assets of, and assumed certain liabilities for, a Northeastern U.S. distribution company. The purchase price of this acquisition was allocated to the identifiable assets acquired and liabilities assumed based on estimates of their fair value, with the excess purchase price recorded as goodwill. This acquisition was immaterial based on the company's Consolidated Financial Condition and Results of Operations. Additional purchase accounting disclosures have been omitted given the immateriality of this acquisition in relation to the company's Consolidated Financial Condition and Results of Operations. L.T. Rich Products, Inc. Effective March 19, 2018, during the second quarter of fiscal 2018, the company completed the acquisition of substantially all of the assets of, and assumed certain liabilities for, L.T. Rich Products, Inc., a manufacturer of professional zero-turn spreader/sprayers, aerators, and snow and ice management equipment. The addition of these products broadens and strengthens the company’s Professional segment solutions for landscape contractors and grounds professionals. The purchase price of this acquisition was allocated to the identifiable assets acquired and liabilities assumed based on estimates of their fair value, with the excess purchase price recorded as goodwill. This acquisition was immaterial based on the company's Consolidated Financial Condition and Results of Operations. Additional purchase accounting disclosures have been omitted given the immateriality of this acquisition in relation to the company's Consolidated Financial Condition and Results of Operations.

Investment in Joint Venture	3 Months Ended
Investment in Joint Venture	Feb. 01, 2019
Equity Method Investments and Joint Ventures [Abstract]
Investment in Joint Venture	Investment in Joint Venture In fiscal 2009, the company and TCF Inventory Finance, Inc. ("TCFIF"), a subsidiary of TCF National Bank, established Red Iron Acceptance, LLC ("Red Iron"), a joint venture in the form of a Delaware limited liability company that primarily provides inventory financing to certain distributors and dealers of the company’s products in the U.S. On November 29, 2016, during the first quarter of fiscal 2017, the company entered into amended agreements for its Red Iron joint venture with TCFIF. As a result, the amended term of Red Iron will continue until October 31, 2024, subject to two-year extensions thereafter. Either the company or TCFIF may elect not to extend the amended term, or any subsequent term, by giving one-year written notice to the other party. The company owns 45 percent of Red Iron and TCFIF owns 55 percent of Red Iron. The company accounts for its investment in Red Iron under the equity method of accounting. The company and TCFIF each contributed a specified amount of the estimated cash required to enable Red Iron to purchase the company’s inventory financing receivables and to provide financial support for Red Iron’s inventory financing programs. Red Iron borrows the remaining requisite estimated cash utilizing a $550 million secured revolving credit facility established under a credit agreement between Red Iron and TCFIF. The company’s total investment in Red Iron as of February 1, 2019 was $25.4 million. The company has not guaranteed the outstanding indebtedness of Red Iron. The company has agreed to repurchase products repossessed by Red Iron and the TCFIF Canadian affiliate, up to a maximum aggregate amount of $7.5 million in a calendar year. Under the repurchase agreement between Red Iron and the company, Red Iron provides financing for certain dealers and distributors. These transactions are structured as an advance in the form of a payment by Red Iron to the company on behalf of a distributor or dealer with respect to invoices financed by Red Iron. These payments extinguish the obligation of the dealer or distributor to make payment to the company under the terms of the applicable invoice. Under separate agreements between Red Iron and the dealers and distributors, Red Iron provides loans to the dealers and distributors for the advances paid by Red Iron to the company. The net amount of receivables financed for dealers and distributors under this arrangement for the three months ended February 1, 2019 and February 2, 2018 were $428.8 million and $386.3 million, respectively. As of January 31, 2019, Red Iron’s total assets were $501.7 million and total liabilities were $445.2 million.

Inventories

3 Months Ended

Feb. 01, 2019

Inventory Disclosure [Abstract]

Inventories

Inventories are valued at the lower of cost or net realizable value, with cost determined by the last-in, first-out ("LIFO") method for a majority of the company's inventories and the first-in, first-out ("FIFO") method for all other inventories. The company establishes a reserve for excess, slow-moving, and obsolete inventory that is equal to the difference between the cost and estimated net realizable value for that inventory. These reserves are based on a review and comparison of current inventory levels to planned production, as well as planned and historical sales of the inventory.

Inventories were as follows:



(Dollars in thousands)	February 1, 2019		February 2, 2018		October 31, 2018
Raw materials and work in process	$	124,458	$	114,150	$	115,280
Finished goods and service parts	364,393		391,994		315,179
Total FIFO value	488,851		506,144		430,459
Less: adjustment to LIFO value	72,201		66,801		72,200
Total inventories, net	$	416,650	$	439,343	$	358,259

Goodwill and Other Intangible Assets

3 Months Ended

Feb. 01, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill by reportable segment for the first three months of fiscal 2019 were as follows:



(Dollars in thousands)	Professional		Residential		Other		Total
Balance as of October 31, 2018	$	214,827	$	10,463	$	—	$	225,290
Goodwill acquired	—		—		1,534		1,534
Translation adjustments	215		52		—		267
Balance as of February 1, 2019	$	215,042	$	10,515	$	1,534	$	227,091

The components of other intangible assets as of February 1, 2019 were as follows:



(Dollars in thousands)	Weighted-Average Useful Life	Gross Carrying Amount		Accumulated Amortization			Net
Patents	9.9	$	18,255	$	(12,524	)	$	5,731
Non-compete agreements	5.5	6,891		(6,794		)	97
Customer-related	18.5	89,702		(24,929		)	64,773
Developed technology	7.6	31,079		(28,774		)	2,305
Trade names	5.0	2,319		(1,850		)	469
Other	1.0	800		(800		)	—
Total amortizable	14.2	149,046		(75,671		)	73,375
Non-amortizable - trade names		30,642		—			30,642
Total other intangible assets, net		$	179,688	$	(75,671	)	$	104,017

The components of other intangible assets as of October 31, 2018 were as follows:



(Dollars in thousands)	Weighted-Average Useful Life	Gross Carrying Amount		Accumulated Amortization			Net
Patents	9.9	$	18,235	$	(12,297	)	$	5,938
Non-compete agreements	5.5	6,872		(6,771		)	101
Customer-related	18.5	89,622		(23,653		)	65,969
Developed technology	7.6	31,029		(28,471		)	2,558
Trade names	5.0	2,307		(1,805		)	502
Other	1.0	800		(800		)	—
Total amortizable	14.3	148,865		(73,797		)	75,068
Non-amortizable - trade names		30,581		—			30,581
Total other intangible assets, net		$	179,446	$	(73,797	)	$	105,649

Amortization expense for definite-lived intangible assets during the first quarter of fiscal 2019 and fiscal 2018 was $1.8 million and $1.9 million, respectively. Estimated amortization expense for the remainder of fiscal 2019 and succeeding fiscal years is as follows: fiscal 2019 (remainder), $5.0 million; fiscal 2020, $6.2 million; fiscal 2021, $5.7 million; fiscal 2022, $5.6 million; fiscal 2023, $5.2 million; fiscal 2024, $4.9 million; and after fiscal 2024, $40.8 million.

Stockholders' Equity

3 Months Ended

Feb. 01, 2019

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’ Equity

Accumulated Other Comprehensive Loss

Components of accumulated other comprehensive loss ("AOCL"), net of tax, were as follows:



(Dollars in thousands)	February 1, 2019			February 2, 2018		October 31, 2018
Foreign currency translation adjustments	$	26,280		$	10,162	$	29,711
Pension and post-retirement benefits	561			2,281		561
Cash flow derivative instruments	(2,326		)	3,584		(6,335		)
Total accumulated other comprehensive loss	$	24,515		$	16,027	$	23,937

The components and activity of AOCL for the first three months of fiscal 2019 and 2018 were as follows:



(Dollars in thousands)	Foreign Currency Translation Adjustments			Pension and Post-Retirement Benefits		Cash Flow Hedging Derivative Instruments			Total
Balance as of October 31, 2018	$	29,711		$	561	$	(6,335	)	$	23,937
Other comprehensive (income) loss before reclassifications	(3,431		)	—		5,490			2,059
Amounts reclassified from AOCL	—			—		(1,481		)	(1,481		)
Net current period other comprehensive (income) loss	(3,431		)	—		4,009			578
Balance as of February 1, 2019	$	26,280		$	561	$	(2,326	)	$	24,515

(Dollars in thousands)	Foreign Currency Translation Adjustments			Pension and Post-Retirement Benefits		Cash Flow Hedging Derivative Instruments			Total
Balance as of October 31, 2017	$	21,303		$	2,012	$	805		$	24,120
Other comprehensive (income) loss before reclassifications	(11,141		)	269		3,612			(7,260		)
Amounts reclassified from AOCL	—			—		(833		)	(833		)
Net current period other comprehensive (income) loss	(11,141		)	269		2,779			(8,093		)
Balance as of February 2, 2018	$	10,162		$	2,281	$	3,584		$	16,027

For additional information on the components reclassified from AOCL to the respective line items within net earnings for the company's cash flow hedging derivative instruments, refer to Note 12, Derivative Instruments and Hedging Activities.

Stock-Based Compensation

3 Months Ended

Feb. 01, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

The compensation costs related to stock-based awards were as follows:



	Three Months Ended
(Dollars in thousands)	February 1, 2019		February 2, 2018
Stock option awards	$	1,835	$	1,175
Restricted stock units	693		1,005
Performance share awards	804		414
Unrestricted common stock awards	592		530
Total compensation cost for stock-based awards	$	3,924	$	3,124

During the first quarter of fiscal years 2019 and 2018, 10,090 and 8,388 shares, respectively, of fully vested unrestricted common stock awards were granted to certain members of the company's Board of Directors as a component of their compensation for their service on the Board of Directors and are recorded in selling, general and administrative expense in the Condensed Consolidated Statements of Earnings.

Stock Option Awards

Under The Toro Company Amended and Restated 2010 Equity and Incentive Plan, as amended and restated (the "2010 plan"), stock options are granted with an exercise price equal to the closing price of the company’s common stock on the date of grant, as reported by the New York Stock Exchange. Options are generally granted to executive officers, other employees, and non-employee members of the company’s Board of Directors on an annual basis in the first quarter of the company’s fiscal year. Options generally vest one-third each year over a three-year period and have a ten-year term. Other options granted to certain employees vest in full on the three-year anniversary of the date of grant and have a ten-year term. Compensation cost equal to the grant date fair value is generally recognized for these awards over the vesting period. Stock options granted to executive officers and other employees are subject to accelerated expensing if the option holder meets the retirement definition set forth in the 2010 plan. In that case, the fair value of the options is expensed in the fiscal year of grant because generally the option holder must be employed

as of the end of the fiscal year in which the options are granted in order for the options to continue to vest following retirement. Similarly, if a non-employee director has served on the company’s Board of Directors for ten full fiscal years or more, the awards vest immediately upon retirement, and therefore, the fair value of the options granted is fully expensed on the date of the grant.

The fair value of each stock option is estimated on the date of grant using the Black-Scholes valuation method with the assumptions noted in the table below. The expected life is a significant assumption as it determines the period for which the risk-free interest rate, stock price volatility, and dividend yield must be applied. The expected life is the average length of time in which executive officers, other employees, and non-employee directors are expected to exercise their stock options, which is primarily based on historical exercise experience. The company groups executive officers and non-employee directors for valuation purposes based on similar historical exercise behavior. Expected stock price volatilities are based on the daily movement of the company’s common stock over the most recent historical period equivalent to the expected life of the option. The risk-free interest rate for periods within the contractual life of the option is based on the U.S. Treasury rate over the expected life at the time of grant. Dividend yield is estimated over the expected life based on the company’s historical cash dividends paid, expected future cash dividends and dividend yield, and expected changes in the company’s stock price.

The table below illustrates the weighted-average valuation assumptions for options granted in the following fiscal periods:



	Fiscal 2019	Fiscal 2018
Expected life of option in years	6.31	6.05
Expected stock price volatility	19.84%	20.60%
Risk-free interest rate	2.77%	2.21%
Expected dividend yield	1.18%	0.97%
Per share weighted-average fair value at date of grant	$12.81	$14.29

Performance Share Awards

Under the 2010 plan, the company grants performance share awards to executive officers and other employees under which they are entitled to receive shares of the company’s common stock contingent on the achievement of performance goals of the company and businesses of the company, which are generally measured over a three-year period. The number of shares of common stock a participant receives will be increased (up to 200 percent of target levels) or reduced (down to zero) based on the level of achievement of performance goals and will vest at the end of a three-year period. Performance share awards are generally granted on an annual basis in the first quarter of the company’s fiscal year. Compensation cost is recognized for these awards on a straight-line basis over the vesting period based on the per share fair value as of the date of grant and the probability of achieving each performance goal. The per share weighted-average fair value of performance share awards granted during the first quarter of fiscal 2019 and 2018 was $59.58 and $65.40, respectively.

Restricted Stock Unit Awards

Under the 2010 plan, restricted stock unit awards are generally granted to certain employees that are not executive officers. Occasionally, restricted stock unit awards may be granted, including to executive officers, in connection with hiring, mid-year promotions, leadership transition, or retention. Restricted stock unit awards generally vest one-third each year over a three-year period, or vest in full on the three-year anniversary of the date of grant. Such awards may have performance-based rather than time-based vesting requirements. Compensation cost equal to the grant date fair value, which is equal to the closing price of the company’s common stock on the date of grant multiplied by the number of shares subject to the restricted stock unit awards, is recognized for these awards over the vesting period. The per share weighted-average fair value of restricted stock unit awards granted during the first three months of fiscal 2019 and 2018 was $58.53 and $65.93, respectively.

Per Share Data

3 Months Ended

Feb. 01, 2019

Earnings Per Share [Abstract]

Per Share Data

Reconciliations of basic and diluted weighted-average shares of common stock outstanding are as follows:



	Three Months Ended
(Shares in thousands)	February 1, 2019	February 2, 2018
Basic
Weighted-average number of shares of common stock	106,216	107,173
Assumed issuance of contingent shares	42	52
Weighted-average number of shares of common stock and assumed issuance of contingent shares	106,258	107,225

Diluted
Weighted-average number of shares of common stock and assumed issuance of contingent shares	106,258	107,225
Effect of dilutive securities	1,523	2,630
Weighted-average number of shares of common stock, assumed issuance of contingent shares, and effect of dilutive securities	107,781	109,855

Incremental shares from options and restricted stock units are computed under the treasury stock method. Options to purchase 786,262 and 305,911 shares of common stock during the first three months of fiscal 2019 and 2018, respectively, were excluded from diluted net earnings per share because they were anti-dilutive.

Segment Data

3 Months Ended

Feb. 01, 2019

Segment Reporting [Abstract]

Segment Data

The company's businesses are organized, managed, and internally grouped into segments based on similarities in products and services. Segment selection is based on the manner in which management organizes segments for making operating and investment decisions and assessing performance. The company has determined it has nine operating segments and has aggregated certain of those operating segments into two reportable segments: Professional and Residential. The aggregation of the company's operating segments is based on the operating segments having the following similarities: economic characteristics, types of products and services, types of production processes, type or class of customers, and method of distribution. The company's remaining activities are presented as "Other" due to their insignificance. These Other activities consist of the company's wholly-owned domestic distribution companies, the company's corporate activities, and the elimination of intersegment revenues and expenses.

The following tables present the summarized financial information concerning the company’s reportable segments:



(Dollars in thousands)
Three Months Ended February 1, 2019	Professional		Residential		Other			Total
Net sales	$	455,006	$	145,158	$	2,792		$	602,956
Intersegment gross sales	13,609		99		(13,708		)	—
Earnings (loss) before income taxes	87,978		13,072		(31,030		)	70,020
Total assets	$	959,768	$	235,520	$	427,526		$	1,622,814

(Dollars in thousands)
Three Months Ended February 2, 2018	Professional		Residential		Other			Total
Net sales	$	403,669	$	142,507	$	2,070		$	548,246
Intersegment gross sales	6,458		56		(6,514		)	—
Earnings (loss) before income taxes	75,912		15,713		(25,240		)	66,385
Total assets	$	904,597	$	249,845	$	362,364		$	1,516,806

The following table presents the details of operating loss before income taxes for the company's Other activities:



	Three Months Ended
(Dollars in thousands)	February 1, 2019			February 2, 2018
Corporate expenses	$	(28,314	)	$	(24,401	)
Interest expense	(4,742		)	(4,818		)
Other income	2,026			3,979
Total operating loss	$	(31,030	)	$	(25,240	)

Contingencies — Litigation	3 Months Ended
Contingencies — Litigation	Feb. 01, 2019
Loss Contingency [Abstract]
Contingencies — Litigation	Contingencies — Litigation The company is party to litigation in the ordinary course of business. Such matters are generally subject to uncertainties and to outcomes that are not predictable with assurance and that may not be known for extended periods of time. Litigation occasionally involves claims for punitive, as well as compensatory, damages arising out of the use of the company’s products. Although the company is self-insured to some extent, the company maintains insurance against certain product liability losses. The company is also subject to litigation and administrative and judicial proceedings with respect to claims involving asbestos and the discharge of hazardous substances into the environment. Some of these claims assert damages and liability for personal injury, remedial investigations or clean up and other costs and damages. The company is also typically involved in commercial disputes, employment disputes, and patent litigation cases in which it is asserting or defending against patent infringement claims. To prevent possible infringement of the company’s patents by others, the company periodically reviews competitors’ products. To avoid potential liability with respect to others’ patents, the company regularly reviews certain patents issued by the U.S. Patent and Trademark Office and foreign patent offices. Management believes these activities help minimize its risk of being a defendant in patent infringement litigation. The company is currently involved in patent litigation cases, including cases by or against competitors, where it is asserting and defending against claims of patent infringement. Such cases are at varying stages in the litigation process. The company records a liability in its Condensed Consolidated Financial Statements for costs related to claims, including future legal costs, settlements and judgments, where the company has assessed that a loss is probable and an amount can be reasonably estimated. If the reasonable estimate of a probable loss is a range, the company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount. The company discloses a contingent liability even if the liability is not probable or the amount is not estimable, or both, if there is a reasonable possibility that a material loss may have been incurred. In the opinion of management, the amount of liability, if any, with respect to these matters, individually or in the aggregate, will not materially affect its Consolidated Results of Operations, Financial Position, or Cash Flows.

Warranty Guarantees

3 Months Ended

Feb. 01, 2019

Product Warranties Disclosures [Abstract]

Warranty Guarantees

The company’s products are warranted to provide assurance that the product will function as expected and to ensure customer confidence in design, workmanship, and overall quality. Warranty coverage is generally provided for specified periods of time and on select products’ hours of usage, and generally covers parts, labor, and other expenses for non-maintenance repairs. Warranty coverage generally does not cover operator abuse or improper use. An authorized company distributor or dealer must perform warranty work. Distributors and dealers submit claims for warranty reimbursement and are credited for the cost of repairs, labor, and other expenses as long as the repairs meet the company's prescribed standards. Warranty expense is accrued at the time of sale based on the estimated number of products under warranty, historical average costs incurred to service warranty claims, the trend in the historical ratio of claims to sales, the historical length of time between the sale and resulting warranty claim, and other minor factors. Special warranty reserves are also accrued for major rework campaigns. Service support outside of the warranty period is provided by authorized distributors and dealers at the customer's expense. In addition to the standard warranties offered by the company on its products, the company also sells separately priced extended warranty coverage on select products for a prescribed period after the original warranty period expires. For additional information on the contract liabilities associated with the company's separately priced extended warranties, refer to Note 14, Revenue.

The changes in accrued warranties were as follows:



	Three Months Ended
(Dollars in thousands)	February 1, 2019			February 2, 2018
Beginning balance	$	76,214		$	74,155
Warranty provisions	10,556			10,570
Warranty claims	(10,815		)	(9,840		)
Changes in estimates	790			—
Ending balance	$	76,745		$	74,885

Derivative Instruments and Hedging Activities

3 Months Ended

Feb. 01, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities

Risk Management Objective of Using Derivatives

The company is exposed to foreign currency exchange rate risk arising from transactions in the normal course of business, such as sales to third party customers, sales and loans to wholly owned foreign subsidiaries, foreign plant operations, and purchases from suppliers. The company’s primary currency exchange rate exposures are with the Euro, the Australian dollar, the Canadian dollar, the British pound, the Mexican peso, the Japanese yen, the Chinese Renminbi, and the Romanian New Leu against the U.S. dollar, as well as the Romanian New Leu against the Euro.

To reduce its exposure to foreign currency exchange rate risk, the company actively manages the exposure of its foreign currency exchange rate risk by entering into various derivative instruments to hedge against such risk, authorized under company policies that place controls on these hedging activities, with counterparties that are highly rated financial institutions. The company’s policy does not allow the use of derivative instruments for trading or speculative purposes. The company has also made an accounting policy election to use the portfolio exception with respect to measuring counterparty credit risk for derivative instruments, and to measure the fair value of a portfolio of financial assets and financial liabilities on the basis of the net open risk position with each counterparty.

The company’s hedging activities primarily involve the use of forward currency contracts to hedge most foreign currency transactions, including forecasted sales and purchases denominated in foreign currencies. The company uses derivative instruments only in an attempt to limit underlying exposure from foreign currency exchange rate fluctuations and to minimize earnings and cash flow volatility associated with foreign currency exchange rate fluctuations. Decisions on whether to use such derivative instruments are primarily based on the amount of exposure to the currency involved and an assessment of the near-term market value for each currency.

The company recognizes all derivative instruments at fair value on the Condensed Consolidated Balance Sheets as either assets or liabilities. The accounting for changes in the fair value of a derivative instrument depends on whether it has been designated and qualifies as a cash flow hedging instrument.

Cash Flow Hedging Instruments

The company formally documents relationships between cash flow hedging instruments and the related hedged transactions, as well as its risk-management objective and strategy for undertaking cash flow hedging instruments. This process includes linking all cash flow hedging instruments to the forecasted transactions, such as sales to third parties, foreign plant operations, and purchases from suppliers. At the cash flow hedge’s inception and on an ongoing basis, the company formally assesses whether the cash flow hedging instruments have been highly effective in offsetting changes in the cash flows of the hedged transactions and whether those cash flow hedging instruments may be expected to remain highly effective in future periods.

Changes in the fair values of the spot rate component of outstanding, highly effective cash flow hedging instruments included in the assessment of hedge effectiveness are recorded in other comprehensive income within AOCL on the Condensed Consolidated Balance Sheets and are subsequently reclassified to net earnings within the Condensed Consolidated Statements of Earnings during the same period in which the cash flows of the underlying hedged transaction affect net earnings. Changes in the fair values of hedge components excluded from the assessment of effectiveness are recognized immediately in net earnings under the mark-to-market approach. The classification of gains or losses recognized on cash flow hedging instruments and excluded components within the Condensed Consolidated Statements of Earnings is the same as that of the underlying exposure. Results of cash flow hedging instruments, and the related excluded components, of sales and foreign plant operations are recorded in net sales and cost

of sales, respectively. The maximum amount of time the company hedges its exposure to the variability in future cash flows for forecasted trade sales and purchases is two years. Results of cash flow hedges of intercompany loans are recorded in other income, net as an offset to the remeasurement of the foreign loan balance.

When it is determined that a derivative instrument is not, or has ceased to be, highly effective as a cash flow hedge, the company discontinues cash flow hedge accounting prospectively. The gain or loss on the dedesignated derivative instrument remains in AOCL and is reclassified to net earnings within the same Condensed Consolidated Statements of Earnings line item as the underlying exposure when the forecasted transaction affects net earnings. When the company discontinues cash flow hedge accounting because it is no longer probable, but it is still reasonably possible that the forecasted transaction will occur by the end of the originally expected period or within an additional two-month period of time thereafter, the gain or loss on the derivative instrument remains in AOCL and is reclassified to net earnings within the same Condensed Consolidated Statements of Earnings line item as the underlying exposure when the forecasted transaction affects net earnings. However, if it is probable that a forecasted transaction will not occur by the end of the originally specified time period or within an additional two-month period of time thereafter, the gains and losses that were in AOCL are immediately recognized in net earnings within other income, net in the Condensed Consolidated Statements of Earnings. In all situations in which cash flow hedge accounting is discontinued and the derivative instrument remains outstanding, the company carries the derivative instrument at its fair value on the Condensed Consolidated Balance Sheets, recognizing future changes in the fair value within other income, net in the Condensed Consolidated Statements of Earnings.

As of February 1, 2019, the notional amount outstanding of forward contracts designated as cash flow hedging instruments was $255.9 million.

Derivatives Not Designated as Cash Flow Hedging Instruments

The company also enters into foreign currency contracts that include forward currency contracts to mitigate the remeasurement of specific assets and liabilities on the Condensed Consolidated Balance Sheets. These contracts are not designated as cash flow hedging instruments. Accordingly, changes in the fair value of hedges of recorded balance sheet positions, such as cash, receivables, payables, intercompany notes, and other various contractual claims to pay or receive foreign currencies other than the functional currency, are recognized immediately in other income, net, on the Condensed Consolidated Statements of Earnings together with the transaction gain or loss from the hedged balance sheet position.

The following table presents the fair value and location of the company’s derivative instruments on the Condensed Consolidated Balance Sheets:



(Dollars in thousands)	February 1, 2019		February 2, 2018		October 31, 2018
Derivative assets:
Derivatives designated as cash flow hedging instruments:
Prepaid expenses and other current assets
Forward currency contracts	$	4,333	$	974	$	8,596
Derivatives not designated as cash flow hedging instruments:
Prepaid expenses and other current assets
Forward currency contracts	1,503		180		2,305
Total assets	$	5,836	$	1,154	$	10,901
Derivative liabilities:
Derivatives designated as cash flow hedging instruments:
Accrued liabilities
Forward currency contracts	$	30	$	5,411	$	—
Derivatives not designated as cash flow hedging instruments:
Accrued liabilities
Forward currency contracts	3		2,678		13
Total liabilities	$	33	$	8,089	$	13

The company entered into an International Swap Dealers Association ("ISDA") Master Agreement with each counterparty that permits the net settlement of amounts owed under their respective contracts. The ISDA Master Agreement is an industry standardized

contract that governs all derivative contracts entered into between the company and the respective counterparty. Under these master netting agreements, net settlement generally permits the company or the counterparty to determine the net amount payable or receivable for contracts due on the same date or in the same currency for similar types of derivative transactions. The company records the fair value of its derivative instruments at the net amount in its Condensed Consolidated Balance Sheets.

The following table shows the effects of the master netting arrangements on the fair value of the company’s derivative instruments that are recorded in the Condensed Consolidated Balance Sheets:



(Dollars in thousands)	February 1, 2019			February 2, 2018			October 31, 2018
Derivative assets:
Forward currency contracts:
Gross amounts of recognized assets	$	5,837		$	1,154		$	10,901
Gross liabilities offset in the Consolidated Balance Sheets	(1		)	—			—
Net amounts of assets presented in the Consolidated Balance Sheets	$	5,836		$	1,154		$	10,901
Derivative liabilities:
Forward currency contracts:
Gross amounts of recognized liabilities	$	(33	)	$	(8,089	)	$	(13	)
Gross assets offset in the Consolidated Balance Sheets	—			—			—
Net amounts of liabilities presented in the Consolidated Balance Sheets	$	(33	)	$	(8,089	)	$	(13	)

The following table presents the impact and location of the amounts reclassified from AOCL into net earnings on the Condensed Consolidated Statements of Earnings and the impact of derivative instruments on the Condensed Consolidated Statements of Comprehensive Income for the company's derivatives designated as cash flow hedging instruments for the three months ended February 1, 2019 and February 2, 2018:



	Three Months Ended
	Gain (Loss) Reclassified from AOCL into Earnings					Loss Recognized in OCI on Derivatives
(Dollars in thousands)	February 1, 2019		February 2, 2018			February 1, 2019			February 2, 2018
Derivatives designated as cash flow hedging instruments:
Forward currency contracts:
Net sales	$	1,238	$	(1,011	)	$	(3,481	)	$	(2,678	)
Cost of sales	243		178			(528		)	(101		)
Total derivatives designated as cash flow hedging instruments	$	1,481	$	(833	)	$	(4,009	)	$	(2,779	)

For the first quarter of fiscal 2019 and fiscal 2018, the company did not discontinue cash flow hedge accounting on any forward currency contracts designated as cash flow hedging instruments. As of February 1, 2019, the company expects to reclassify approximately $2.1 million of gains from AOCL to earnings during the next twelve months.

The following tables present the impact and location of derivative instruments on the Condensed Consolidated Statements of Earnings for the company’s derivatives designated as cash flow hedging instruments and the related components excluded from effectiveness testing:



	Gain (Loss) Recognized in Earnings on Cash Flow Hedging Instruments
	February 1, 2019							February 2, 2018
(Dollars in thousands) Three Months Ended	Net Sales		Cost of Sales			Other Income, Net		Net Sales			Cost of Sales			Other Income, Net
Total Consolidated Statements of Earnings income (expense) amounts in which the effects of cash flow hedging instruments are recorded	$	602,956	$	(387,339	)	$	4,708	$	548,246		$	(344,007	)	$	4,281
Gain (loss) on derivatives designated as cash flow hedging instruments:
Forward currency contracts:
Amount of gain (loss) reclassified from AOCL into earnings	1,238		243			—		(1,011		)	178			—
Gain (loss) on components excluded from effectiveness testing recognized in earnings based on changes in fair value	$	1,223	$	62		$	—	$	(21	)	$	(25	)	$	—

The following table presents the impact and location of derivative instruments on the Condensed Consolidated Statements of Earnings for the company’s derivatives not designated as cash flow hedging instruments:



	Three Months Ended
(Dollars in thousands)	February 1, 2019			February 2, 2018
Loss on derivatives not designated as cash flow hedging instruments
Forward currency contracts:
Other income, net	$	(1,063	)	$	(1,816	)
Total loss on derivatives not designated as cash flow hedging instruments	$	(1,063	)	$	(1,816	)

Fair Value Measurements

3 Months Ended

Feb. 01, 2019

Fair Value Disclosures [Abstract]

Fair Value Measurements

The company categorizes its assets and liabilities into one of three levels based on the assumptions (inputs) used in valuing the asset or liability. Estimates of fair value for financial assets and financial liabilities are based on the framework established in the accounting guidance for fair value measurements. The framework defines fair value, provides guidance for measuring fair value, and requires certain disclosures. The framework discusses valuation techniques such as the market approach (comparable market prices), the income approach (present value of future income or cash flows), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The framework utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. Level 1 provides the most reliable measure of fair value, while Level 3 generally requires significant management judgment. The three levels are defined as follows:

Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3: Unobservable inputs reflecting management’s assumptions about the inputs used in pricing the asset or liability.

Recurring Fair Value Measurements

The company's derivative instruments consist of forward currency contracts that are measured at fair value on a recurring basis. The fair value of forward currency contracts is determined based on observable market transactions of forward currency prices and spot currency rates as of the reporting date. There were no transfers between the levels of the fair value hierarchy during the three months ended February 1, 2019 and February 2, 2018, or the twelve months ended October 31, 2018.

The following tables present, by level within the fair value hierarchy, the company's financial assets and liabilities that are measured at fair value on a recurring basis as of February 1, 2019, February 2, 2018, and October 31, 2018, according to the valuation technique utilized to determine their fair values:



(Dollars in thousands)			Fair Value Measurements Using Inputs Considered as:
February 1, 2019	Fair Value		Level 1		Level 2		Level 3
Assets:
Forward currency contracts	$	5,836	$	—	$	5,836	$	—
Total assets	$	5,836	$	—	$	5,836	$	—
Liabilities:
Forward currency contracts	$	33	$	—	$	33	$	—
Total liabilities	$	33	$	—	$	33	$	—



(Dollars in thousands)			Fair Value Measurements Using Inputs Considered as:
February 2, 2018	Fair Value		Level 1		Level 2		Level 3
Assets:
Forward currency contracts	$	1,154	$	—	$	1,154	$	—
Total assets	$	1,154	$	—	$	1,154	$	—
Liabilities:
Forward currency contracts	$	8,089	$	—	$	8,089	$	—
Total liabilities	$	8,089	$	—	$	8,089	$	—



(Dollars in thousands)			Fair Value Measurements Using Inputs Considered as:
October 31, 2018	Fair Value		Level 1		Level 2		Level 3
Assets:
Forward currency contracts	$	10,901	$	—	$	10,901	$	—
Total assets	$	10,901	$	—	$	10,901	$	—
Liabilities:
Forward currency contracts	$	13	$	—	$	13	$	—
Total liabilities	$	13	$	—	$	13	$	—

Non-recurring Fair Value Measurements

The company measures certain assets and liabilities at fair value on a non-recurring basis. Assets and liabilities that are measured at fair value on a nonrecurring basis include long-lived assets, goodwill and indefinite-lived intangible assets, which would generally be recorded at fair value as a result of an impairment charge. Assets acquired and liabilities assumed as part of acquisitions are measured at fair value.

Other Fair Value Disclosures

The carrying values of the company's short-term financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and short-term debt, including current maturities of long-term debt, when applicable, approximate their fair values due to their short-term nature.

- 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

Revenue

3 Months Ended

Feb. 01, 2019

Revenue from Contract with Customer [Abstract]

Revenue

The company enters into contracts with its customers for the sale of products or rendering of services in the ordinary course of business. A contract with commercial substance exists at the time the company receives and accepts a purchase order under a sales contract with a customer. The company recognizes revenue when, or as, performance obligations under the terms of a contract with its customer are satisfied, which occurs with the transfer of control of product or services. Control is typically transferred to the customer at the time a product is shipped, or in the case of certain agreements, when a product is delivered or as services are rendered. Revenue is recognized based on the transaction price, which is measured as the amount of consideration the company expects to receive in exchange for transferring a product or rendering services pursuant to the terms of the contract with a customer. The amount of consideration the company receives and the revenue the company recognizes varies with changes in sales promotions and incentives offered to customers, as well as anticipated product returns. A provision is made at the time revenue is recognized as a reduction of the transaction price for expected product returns, rebates, floor plan costs, and other sales promotion and incentive expenses. If a contract contains more than one performance obligation, the transaction price is allocated to each performance obligation based on the relative standalone selling price of the respective promised good or service. The company does not recognize revenue in situations where collectability from the customer is not probable, and defers the recognition of revenue until collection is probable or payment is received and performance obligations are satisfied.

Freight and shipping revenue billed to customers concurrent with revenue producing activities is included within revenue and the cost for freight and shipping is recognized as an expense within cost of sales when control has transferred to the customer. Shipping and handling activities that occur after control of the related products is transferred are treated as a fulfillment activity rather than a promised service, and therefore, are not considered a performance obligation. Sales, use, value-added, and other excise taxes the company collects concurrent with revenue producing activities are excluded from revenue. Incremental costs of obtaining a contract for which the performance obligations will be satisfied within the next twelve months are expensed as incurred. Incidental items, including goods or services, that are immaterial in the context of the contract are recognized as expense when incurred. Additionally, the company has elected not to disclose the balance of unfulfilled performance obligations for contracts with a contractual term of twelve months or less.

The following tables disaggregate our reportable segment net sales by major product type and geographic market:



Three Months Ended February 1, 2019	Professional		Residential		Other		Total
Revenue by product type:
Equipment	$	387,550	$	133,510	$	1,969	$	523,029
Irrigation	67,456		11,648		823		79,927
Total net sales	$	455,006	$	145,158	$	2,792	$	602,956

Revenue by geographic market:
United States	$	348,104	$	110,515	$	2,792	$	461,411
Foreign Countries	106,902		34,643		—		141,545
Total net sales	$	455,006	$	145,158	$	2,792	$	602,956

Three Months Ended February 2, 2018	Professional		Residential		Other		Total
Revenue by product type:
Equipment	$	328,642	$	129,307	$	1,268	$	459,217
Irrigation	75,027		13,200		802		89,029
Total net sales	$	403,669	$	142,507	$	2,070	$	548,246

Revenue by geographic market:
United States	$	295,690	$	103,696	$	2,070	$	401,456
Foreign Countries	107,979		38,811		—		146,790
Total net sales	$	403,669	$	142,507	$	2,070	$	548,246

Product Revenue

The company's product revenues are generated through sales of manufactured equipment and irrigation products, including related replacement parts and accessories. For the majority of the company's products, control is transferred and revenue is recognized when the product is shipped from the company's manufacturing facility or distribution center to the company's customers, which primarily consist of distributors, dealers, and mass retailers. In certain situations, the company transfers control and recognizes revenue when delivery to the customer has occurred. Additionally, the company ships some of its products to a key retailer's distribution centers on a consignment basis. The company retains control of its products stored at the key retailer's distribution centers. As the company's products are removed from the distribution centers by the key retailer and shipped to the key retailer's stores, control is transferred from the company to the key retailer. At that time, the company invoices the key retailer and recognizes revenue for these consignment transactions. The company does not offer a right of return for products shipped to the key retailer's stores from the distribution centers.

When product sales are financed by the company's joint venture, Red Iron, the transactions are structured as an advance in the form of a payment by Red Iron to the company on behalf of a customer with respect to invoices financed by Red Iron. These payments extinguish the obligation of the customer to make payment to the company under the terms of the applicable invoice. Under a separate agreement between Red Iron and the customer, Red Iron provides a loan to the customer for the advances paid by Red Iron to the company. The company's sales of product to customers that do not elect to finance purchases through Red Iron are generally on open account with terms that generally approximate 30 to 120 days and the resulting receivables are included within receivables, net on the Condensed Consolidated Balance Sheets.

Product revenue is recognized based on the transaction price, which is measured as the amount of consideration the company expects to receive in exchange for transferring control of a product to a customer. When determining the transaction price, the company estimates variable consideration by applying the portfolio approach practical expedient under ASC 606. The primary sources of variable consideration for the company are rebate programs, volume incentive programs, floor plan and retail financing programs, cash discounts, and product returns. These sales promotions and incentives are recorded as a reduction to revenue at the time of the initial sale. The company estimates variable consideration related to equipment and irrigation products sold under its sales promotion and incentive programs using the expected value method, which is based on sales terms with customers, historical experience, field inventory levels, volume purchases, and known changes in relevant trends. There are no material instances where variable consideration is constrained and not recorded at the initial time of sale. Additionally, the company may offer to its customers the right to return eligible equipment and irrigation products, replacement parts, and accessories. Returns are recorded as a reduction to revenue based on anticipated sales returns estimated from sales terms, historical experience, and trend analysis. The company records obligations for returns within accrued liabilities in the Condensed Consolidated Balance Sheets and the right-of-return asset in prepaid expenses and other current assets in the Condensed Consolidated Balance Sheets. The refund liability and right-of-return asset are remeasured for changes in the estimate at each reporting date with a corresponding adjustment to net sales and cost of sales within the Condensed Consolidated Statements of Earnings.

Service Revenue

In certain cases, the company renders service contracts to customers, which typically range from 12 to 36 months. The company receives payment at the inception of the service contract and recognizes revenue over the term of the agreement in proportion to the costs expected to be incurred in satisfying the performance obligations under the service contract.

Warranty Revenue

In addition to the standard warranties offered by the company on its equipment and irrigation products intended to provide assurance that the product will function as expected, the company also sells separately priced extended warranty coverage on select products for a prescribed period after the standard warranty period expires, which typically range from 12 to 24 months. The company receives payment at the inception of the separately priced extended warranty contract and recognizes revenue over the term of the agreement in proportion to the costs expected to be incurred in satisfying the performance obligations under the separately priced extended warranty contract.

Contract Liabilities

Contract liabilities relate to deferred revenue recognized for payments received at contract inception in advance of the company's performance under the contract and generally relates to the sale of separately priced extended warranty and service contracts. The company recognizes revenue over the term of the agreement in proportion to the costs expected to be incurred in satisfying the performance obligations under the separately priced extended warranty and service contracts. As of February 1, 2019 and October 31, 2018, $14.6 million and $14.0 million, respectively, of unearned revenue associated with outstanding separately priced

extended warranty and service contracts was reported within accrued liabilities and other long-term liabilities in the Condensed Consolidated Balance Sheets. For the three months ended February 1, 2019, the company recognized $1.6 million of the October 31, 2018 unearned revenue balance within net sales in the Condensed Consolidated Statements of Earnings. The company expects to recognize approximately $4.2 million of the October 31, 2018 unearned amount within net sales throughout the remainder of fiscal 2019, $4.4 million in fiscal 2020, and $3.8 million thereafter.

Subsequent Events	3 Months Ended
Subsequent Events	Feb. 01, 2019
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On February 14, 2019, the company entered into a definitive merger agreement ("merger agreement") with The Charles Machine Works, Inc. ("CMW"), a privately held Oklahoma corporation. CMW designs, manufactures, and sells a range of products to serve the underground construction market, including horizontal directional drills, walk and ride trenchers, utility loaders, vacuum excavators, asset locators, pipe rehabilitation solutions, and after-market tools. Subject to the terms and conditions of the merger agreement, the company has agreed to pay $700 million in cash ("merger consideration"), subject to certain working capital, net debt, and other adjustments as set forth in the merger agreement. The company plans to fund the merger consideration and transaction expenses with cash on hand and debt, including borrowings from the company's unsecured senior revolving credit facility and/or other potential additional financing arrangements that the company may pursue. On March 1, 2019, the U.S. Federal Trade Commission granted early termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR Act"), with respect to the transactions contemplated by the merger agreement. The early termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the merger. The closing of the merger remains subject to the satisfaction or waiver of the remaining closing conditions set forth in the merger agreement, including regulatory approval by the German Federal Cartel Office. The company expects the transaction to close prior to the end of the company's fiscal third quarter. The company has evaluated all additional subsequent events and concluded that no subsequent events have occurred that would require recognition in the Condensed Consolidated Financial Statements or disclosure in the Notes to the Condensed Consolidated Financial Statements.

Basis of Presentation (Policies)

3 Months Ended

Feb. 01, 2019

Accounting Policies [Abstract]

Basis of Presentation

Accounting Policies

New Accounting Pronouncements Adopted


•	Portfolio approach practical expedient relative to the estimation of variable consideration.


•	Shipping and handling practical expedient to account for shipping and handling activities that occur after control of the related good transfers as fulfillment activities.


•	Costs of obtaining a contract practical expedient to recognize the incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset is one year or less.


•	Immaterial goods or services practical expedient to not assess whether promised goods or services are performance obligations if they are immaterial in the context of the contract with the customer.


•	Sales taxes practical expedient to exclude sales taxes and other similar taxes from the transaction price.


•	Exemption to not disclose the unfulfilled performance obligation balance for contracts with an original length of one year or less.

Inventories (Tables)

3 Months Ended

Feb. 01, 2019

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories were as follows:



(Dollars in thousands)	February 1, 2019		February 2, 2018		October 31, 2018
Raw materials and work in process	$	124,458	$	114,150	$	115,280
Finished goods and service parts	364,393		391,994		315,179
Total FIFO value	488,851		506,144		430,459
Less: adjustment to LIFO value	72,201		66,801		72,200
Total inventories, net	$	416,650	$	439,343	$	358,259

Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Feb. 01, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The changes in the carrying amount of goodwill by reportable segment for the first three months of fiscal 2019 were as follows:



(Dollars in thousands)	Professional		Residential		Other		Total
Balance as of October 31, 2018	$	214,827	$	10,463	$	—	$	225,290
Goodwill acquired	—		—		1,534		1,534
Translation adjustments	215		52		—		267
Balance as of February 1, 2019	$	215,042	$	10,515	$	1,534	$	227,091

Schedule of Finite-Lived Intangible Assets

The components of other intangible assets as of February 1, 2019 were as follows:



(Dollars in thousands)	Weighted-Average Useful Life	Gross Carrying Amount		Accumulated Amortization			Net
Patents	9.9	$	18,255	$	(12,524	)	$	5,731
Non-compete agreements	5.5	6,891		(6,794		)	97
Customer-related	18.5	89,702		(24,929		)	64,773
Developed technology	7.6	31,079		(28,774		)	2,305
Trade names	5.0	2,319		(1,850		)	469
Other	1.0	800		(800		)	—
Total amortizable	14.2	149,046		(75,671		)	73,375
Non-amortizable - trade names		30,642		—			30,642
Total other intangible assets, net		$	179,688	$	(75,671	)	$	104,017

The components of other intangible assets as of October 31, 2018 were as follows:



(Dollars in thousands)	Weighted-Average Useful Life	Gross Carrying Amount		Accumulated Amortization			Net
Patents	9.9	$	18,235	$	(12,297	)	$	5,938
Non-compete agreements	5.5	6,872		(6,771		)	101
Customer-related	18.5	89,622		(23,653		)	65,969
Developed technology	7.6	31,029		(28,471		)	2,558
Trade names	5.0	2,307		(1,805		)	502
Other	1.0	800		(800		)	—
Total amortizable	14.3	148,865		(73,797		)	75,068
Non-amortizable - trade names		30,581		—			30,581
Total other intangible assets, net		$	179,446	$	(73,797	)	$	105,649

Schedule of Indefinite-Lived Intangible Assets

The components of other intangible assets as of February 1, 2019 were as follows:



(Dollars in thousands)	Weighted-Average Useful Life	Gross Carrying Amount		Accumulated Amortization			Net
Patents	9.9	$	18,255	$	(12,524	)	$	5,731
Non-compete agreements	5.5	6,891		(6,794		)	97
Customer-related	18.5	89,702		(24,929		)	64,773
Developed technology	7.6	31,079		(28,774		)	2,305
Trade names	5.0	2,319		(1,850		)	469
Other	1.0	800		(800		)	—
Total amortizable	14.2	149,046		(75,671		)	73,375
Non-amortizable - trade names		30,642		—			30,642
Total other intangible assets, net		$	179,688	$	(75,671	)	$	104,017

The components of other intangible assets as of October 31, 2018 were as follows:



(Dollars in thousands)	Weighted-Average Useful Life	Gross Carrying Amount		Accumulated Amortization			Net
Patents	9.9	$	18,235	$	(12,297	)	$	5,938
Non-compete agreements	5.5	6,872		(6,771		)	101
Customer-related	18.5	89,622		(23,653		)	65,969
Developed technology	7.6	31,029		(28,471		)	2,558
Trade names	5.0	2,307		(1,805		)	502
Other	1.0	800		(800		)	—
Total amortizable	14.3	148,865		(73,797		)	75,068
Non-amortizable - trade names		30,581		—			30,581
Total other intangible assets, net		$	179,446	$	(73,797	)	$	105,649

Stockholders' Equity (Tables)

3 Months Ended

Feb. 01, 2019

Stockholders' Equity Note [Abstract]

Schedule of Components of Accumulated Other Comprehensive Loss (AOCL), Net of Tax

Components of accumulated other comprehensive loss ("AOCL"), net of tax, were as follows:



(Dollars in thousands)	February 1, 2019			February 2, 2018		October 31, 2018
Foreign currency translation adjustments	$	26,280		$	10,162	$	29,711
Pension and post-retirement benefits	561			2,281		561
Cash flow derivative instruments	(2,326		)	3,584		(6,335		)
Total accumulated other comprehensive loss	$	24,515		$	16,027	$	23,937

Schedule of Components and Activity of AOCL

The components and activity of AOCL for the first three months of fiscal 2019 and 2018 were as follows:



(Dollars in thousands)	Foreign Currency Translation Adjustments			Pension and Post-Retirement Benefits		Cash Flow Hedging Derivative Instruments			Total
Balance as of October 31, 2018	$	29,711		$	561	$	(6,335	)	$	23,937
Other comprehensive (income) loss before reclassifications	(3,431		)	—		5,490			2,059
Amounts reclassified from AOCL	—			—		(1,481		)	(1,481		)
Net current period other comprehensive (income) loss	(3,431		)	—		4,009			578
Balance as of February 1, 2019	$	26,280		$	561	$	(2,326	)	$	24,515

(Dollars in thousands)	Foreign Currency Translation Adjustments			Pension and Post-Retirement Benefits		Cash Flow Hedging Derivative Instruments			Total
Balance as of October 31, 2017	$	21,303		$	2,012	$	805		$	24,120
Other comprehensive (income) loss before reclassifications	(11,141		)	269		3,612			(7,260		)
Amounts reclassified from AOCL	—			—		(833		)	(833		)
Net current period other comprehensive (income) loss	(11,141		)	269		2,779			(8,093		)
Balance as of February 2, 2018	$	10,162		$	2,281	$	3,584		$	16,027

Stock-Based Compensation (Tables)

3 Months Ended

Feb. 01, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Compensation Cost Related to Stock-Based Awards

The compensation costs related to stock-based awards were as follows:



	Three Months Ended
(Dollars in thousands)	February 1, 2019		February 2, 2018
Stock option awards	$	1,835	$	1,175
Restricted stock units	693		1,005
Performance share awards	804		414
Unrestricted common stock awards	592		530
Total compensation cost for stock-based awards	$	3,924	$	3,124

Schedule of Assumptions for Options Granted

The table below illustrates the weighted-average valuation assumptions for options granted in the following fiscal periods:



	Fiscal 2019	Fiscal 2018
Expected life of option in years	6.31	6.05
Expected stock price volatility	19.84%	20.60%
Risk-free interest rate	2.77%	2.21%
Expected dividend yield	1.18%	0.97%
Per share weighted-average fair value at date of grant	$12.81	$14.29

Per Share Data (Tables)

3 Months Ended

Feb. 01, 2019

Earnings Per Share [Abstract]

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:



	Three Months Ended
(Shares in thousands)	February 1, 2019	February 2, 2018
Basic
Weighted-average number of shares of common stock	106,216	107,173
Assumed issuance of contingent shares	42	52
Weighted-average number of shares of common stock and assumed issuance of contingent shares	106,258	107,225

Diluted
Weighted-average number of shares of common stock and assumed issuance of contingent shares	106,258	107,225
Effect of dilutive securities	1,523	2,630
Weighted-average number of shares of common stock, assumed issuance of contingent shares, and effect of dilutive securities	107,781	109,855

Segment Data (Tables)

3 Months Ended

Feb. 01, 2019

Segment Reporting [Abstract]

Summarized Financial Information Concerning Reportable Segments

The following tables present the summarized financial information concerning the company’s reportable segments:



(Dollars in thousands)
Three Months Ended February 1, 2019	Professional		Residential		Other			Total
Net sales	$	455,006	$	145,158	$	2,792		$	602,956
Intersegment gross sales	13,609		99		(13,708		)	—
Earnings (loss) before income taxes	87,978		13,072		(31,030		)	70,020
Total assets	$	959,768	$	235,520	$	427,526		$	1,622,814

(Dollars in thousands)
Three Months Ended February 2, 2018	Professional		Residential		Other			Total
Net sales	$	403,669	$	142,507	$	2,070		$	548,246
Intersegment gross sales	6,458		56		(6,514		)	—
Earnings (loss) before income taxes	75,912		15,713		(25,240		)	66,385
Total assets	$	904,597	$	249,845	$	362,364		$	1,516,806

Summary of Components of Loss Before Income Taxes Included in Other Segment

The following table presents the details of operating loss before income taxes for the company's Other activities:



	Three Months Ended
(Dollars in thousands)	February 1, 2019			February 2, 2018
Corporate expenses	$	(28,314	)	$	(24,401	)
Interest expense	(4,742		)	(4,818		)
Other income	2,026			3,979
Total operating loss	$	(31,030	)	$	(25,240	)

Warranty Guarantees (Tables)

3 Months Ended

Feb. 01, 2019

Product Warranties Disclosures [Abstract]

Schedule of Warranty Provisions, Claims, and Changes in Estimates

The changes in accrued warranties were as follows:



	Three Months Ended
(Dollars in thousands)	February 1, 2019			February 2, 2018
Beginning balance	$	76,214		$	74,155
Warranty provisions	10,556			10,570
Warranty claims	(10,815		)	(9,840		)
Changes in estimates	790			—
Ending balance	$	76,745		$	74,885

Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Feb. 01, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivatives and Consolidated Balance Sheet Location

The following table presents the fair value and location of the company’s derivative instruments on the Condensed Consolidated Balance Sheets:



(Dollars in thousands)	February 1, 2019		February 2, 2018		October 31, 2018
Derivative assets:
Derivatives designated as cash flow hedging instruments:
Prepaid expenses and other current assets
Forward currency contracts	$	4,333	$	974	$	8,596
Derivatives not designated as cash flow hedging instruments:
Prepaid expenses and other current assets
Forward currency contracts	1,503		180		2,305
Total assets	$	5,836	$	1,154	$	10,901
Derivative liabilities:
Derivatives designated as cash flow hedging instruments:
Accrued liabilities
Forward currency contracts	$	30	$	5,411	$	—
Derivatives not designated as cash flow hedging instruments:
Accrued liabilities
Forward currency contracts	3		2,678		13
Total liabilities	$	33	$	8,089	$	13

Schedule of Effects of Master Netting Arrangements on Fair Value of Derivative Contracts Recorded in Consolidated Balance Sheets

The following table shows the effects of the master netting arrangements on the fair value of the company’s derivative instruments that are recorded in the Condensed Consolidated Balance Sheets:



(Dollars in thousands)	February 1, 2019			February 2, 2018			October 31, 2018
Derivative assets:
Forward currency contracts:
Gross amounts of recognized assets	$	5,837		$	1,154		$	10,901
Gross liabilities offset in the Consolidated Balance Sheets	(1		)	—			—
Net amounts of assets presented in the Consolidated Balance Sheets	$	5,836		$	1,154		$	10,901
Derivative liabilities:
Forward currency contracts:
Gross amounts of recognized liabilities	$	(33	)	$	(8,089	)	$	(13	)
Gross assets offset in the Consolidated Balance Sheets	—			—			—
Net amounts of liabilities presented in the Consolidated Balance Sheets	$	(33	)	$	(8,089	)	$	(13	)

Schedule of Impact of Derivative Instruments on Consolidated Statements of Earnings for Derivatives Designated as Cash Flow Hedging Instruments



	Gain (Loss) Recognized in Earnings on Cash Flow Hedging Instruments
	February 1, 2019							February 2, 2018
(Dollars in thousands) Three Months Ended	Net Sales		Cost of Sales			Other Income, Net		Net Sales			Cost of Sales			Other Income, Net
Total Consolidated Statements of Earnings income (expense) amounts in which the effects of cash flow hedging instruments are recorded	$	602,956	$	(387,339	)	$	4,708	$	548,246		$	(344,007	)	$	4,281
Gain (loss) on derivatives designated as cash flow hedging instruments:
Forward currency contracts:
Amount of gain (loss) reclassified from AOCL into earnings	1,238		243			—		(1,011		)	178			—
Gain (loss) on components excluded from effectiveness testing recognized in earnings based on changes in fair value	$	1,223	$	62		$	—	$	(21	)	$	(25	)	$	—



	Three Months Ended
	Gain (Loss) Reclassified from AOCL into Earnings					Loss Recognized in OCI on Derivatives
(Dollars in thousands)	February 1, 2019		February 2, 2018			February 1, 2019			February 2, 2018
Derivatives designated as cash flow hedging instruments:
Forward currency contracts:
Net sales	$	1,238	$	(1,011	)	$	(3,481	)	$	(2,678	)
Cost of sales	243		178			(528		)	(101		)
Total derivatives designated as cash flow hedging instruments	$	1,481	$	(833	)	$	(4,009	)	$	(2,779	)

Schedule of Impact of Derivative Instruments on Consolidated Statements of Earnings for Derivatives Not Designated as Hedging Instruments



	Three Months Ended
(Dollars in thousands)	February 1, 2019			February 2, 2018
Loss on derivatives not designated as cash flow hedging instruments
Forward currency contracts:
Other income, net	$	(1,063	)	$	(1,816	)
Total loss on derivatives not designated as cash flow hedging instruments	$	(1,063	)	$	(1,816	)

Fair Value Measurements (Tables)

3 Months Ended

Feb. 01, 2019

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis



(Dollars in thousands)			Fair Value Measurements Using Inputs Considered as:
February 1, 2019	Fair Value		Level 1		Level 2		Level 3
Assets:
Forward currency contracts	$	5,836	$	—	$	5,836	$	—
Total assets	$	5,836	$	—	$	5,836	$	—
Liabilities:
Forward currency contracts	$	33	$	—	$	33	$	—
Total liabilities	$	33	$	—	$	33	$	—



(Dollars in thousands)			Fair Value Measurements Using Inputs Considered as:
February 2, 2018	Fair Value		Level 1		Level 2		Level 3
Assets:
Forward currency contracts	$	1,154	$	—	$	1,154	$	—
Total assets	$	1,154	$	—	$	1,154	$	—
Liabilities:
Forward currency contracts	$	8,089	$	—	$	8,089	$	—
Total liabilities	$	8,089	$	—	$	8,089	$	—



(Dollars in thousands)			Fair Value Measurements Using Inputs Considered as:
October 31, 2018	Fair Value		Level 1		Level 2		Level 3
Assets:
Forward currency contracts	$	10,901	$	—	$	10,901	$	—
Total assets	$	10,901	$	—	$	10,901	$	—
Liabilities:
Forward currency contracts	$	13	$	—	$	13	$	—
Total liabilities	$	13	$	—	$	13	$	—

Revenue (Tables)

3 Months Ended

Feb. 01, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following tables disaggregate our reportable segment net sales by major product type and geographic market:



Three Months Ended February 1, 2019	Professional		Residential		Other		Total
Revenue by product type:
Equipment	$	387,550	$	133,510	$	1,969	$	523,029
Irrigation	67,456		11,648		823		79,927
Total net sales	$	455,006	$	145,158	$	2,792	$	602,956

Revenue by geographic market:
United States	$	348,104	$	110,515	$	2,792	$	461,411
Foreign Countries	106,902		34,643		—		141,545
Total net sales	$	455,006	$	145,158	$	2,792	$	602,956

Three Months Ended February 2, 2018	Professional		Residential		Other		Total
Revenue by product type:
Equipment	$	328,642	$	129,307	$	1,268	$	459,217
Irrigation	75,027		13,200		802		89,029
Total net sales	$	403,669	$	142,507	$	2,070	$	548,246

Revenue by geographic market:
United States	$	295,690	$	103,696	$	2,070	$	401,456
Foreign Countries	107,979		38,811		—		146,790
Total net sales	$	403,669	$	142,507	$	2,070	$	548,246

Investment in Joint Venture - Narrative (Details) - USD ($)	3 Months Ended
	Feb. 01, 2019	Feb. 02, 2018	Jan. 31, 2019
Red Iron Acceptance, LLC
Schedule of Equity Method Investments
Period of unlimited automatic extensions after the initial term of joint venture	2 years
Period of notice to be given by parties under joint venture for not extending initial term of joint venture	1 year
Portion owned by Toro (as a percent)	45.00%
Portion owned by TCFIF (as a percent)	55.00%
Investment in joint venture	$ 25,400,000
Maximum aggregate amount of products repossessed by Red Iron and the TCFIF Canadian affiliate, entity has agreed to repurchase in a calendar year	7,500,000
Net amount of new receivables financed for dealers and distributors	428,800,000	$ 386,300,000
Total assets			$ 501,700,000
Total liabilities			$ 445,200,000
Red Iron Acceptance, LLC \| TCFIF secured revolving credit facility
Schedule of Equity Method Investments
Maximum borrowing capacity under credit facility	$ 550,000,000

Inventories - Schedule of Inventory (Details) - USD ($) $ in Thousands	Feb. 01, 2019	Oct. 31, 2018	Feb. 02, 2018
Inventory Disclosure [Abstract]
Raw materials and work in process	$ 124,458	$ 115,280	$ 114,150
Finished goods and service parts	364,393	315,179	391,994
Total FIFO value	488,851	430,459	506,144
Less: adjustment to LIFO value	72,201	72,200	66,801
Total inventories, net	$ 416,650	$ 358,259	$ 439,343

Goodwill and Other Intangible Assets - Changes in Net Carrying Amount of Goodwill (Details) $ in Thousands	3 Months Ended
	Feb. 01, 2019 USD ($)
Changes in the net carrying amount of goodwill
Goodwill, beginning balance	$ 225,290
Goodwill acquired	1,534
Translation adjustments	267
Goodwill, ending balance	227,091
Operating Segments \| Professional
Changes in the net carrying amount of goodwill
Goodwill, beginning balance	214,827
Goodwill acquired	0
Translation adjustments	215
Goodwill, ending balance	215,042
Operating Segments \| Residential
Changes in the net carrying amount of goodwill
Goodwill, beginning balance	10,463
Goodwill acquired	0
Translation adjustments	52
Goodwill, ending balance	10,515
Other
Changes in the net carrying amount of goodwill
Goodwill, beginning balance	0
Goodwill acquired	1,534
Translation adjustments	0
Goodwill, ending balance	$ 1,534

Goodwill and Other Intangible Assets - Components of Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Feb. 01, 2019	Feb. 02, 2018	Oct. 31, 2018
Other Intangible Assets
Weighted-Average Useful Life	14 years 2 months 12 days		14 years 3 months 18 days
Gross Carrying Amount	$ 149,046		$ 148,865
Accumulated Amortization	(75,671)		(73,797)
Net	73,375		75,068
Non-amortizable - trade names	30,642		30,581
Total other intangible assets, gross	179,688		179,446
Total other intangible assets, net	104,017	$ 102,366	$ 105,649
Amortization expense for intangible assets	1,800	$ 1,900
Estimated amortization expense
Fiscal 2019 (remainder)	5,000
Fiscal 2020	6,200
Fiscal 2021	5,700
Fiscal 2022	5,600
Fiscal 2023	5,200
Fiscal 2024	4,900
After 2024	$ 40,800
Patents
Other Intangible Assets
Weighted-Average Useful Life	9 years 10 months 24 days		9 years 10 months 24 days
Gross Carrying Amount	$ 18,255		$ 18,235
Accumulated Amortization	(12,524)		(12,297)
Net	$ 5,731		$ 5,938
Non-compete agreements
Other Intangible Assets
Weighted-Average Useful Life	5 years 6 months		5 years 6 months
Gross Carrying Amount	$ 6,891		$ 6,872
Accumulated Amortization	(6,794)		(6,771)
Net	$ 97		$ 101
Customer-related
Other Intangible Assets
Weighted-Average Useful Life	18 years 6 months		18 years 6 months
Gross Carrying Amount	$ 89,702		$ 89,622
Accumulated Amortization	(24,929)		(23,653)
Net	$ 64,773		$ 65,969
Developed technology
Other Intangible Assets
Weighted-Average Useful Life	7 years 7 months 6 days		7 years 7 months 6 days
Gross Carrying Amount	$ 31,079		$ 31,029
Accumulated Amortization	(28,774)		(28,471)
Net	$ 2,305		$ 2,558
Trade names
Other Intangible Assets
Weighted-Average Useful Life	5 years		5 years
Gross Carrying Amount	$ 2,319		$ 2,307
Accumulated Amortization	(1,850)		(1,805)
Net	$ 469		$ 502
Other
Other Intangible Assets
Weighted-Average Useful Life	1 year		1 year
Gross Carrying Amount	$ 800		$ 800
Accumulated Amortization	(800)		(800)
Net	$ 0		$ 0

Stockholders' Equity - Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Feb. 01, 2019	Oct. 31, 2018	Feb. 02, 2018
Accumulated other comprehensive loss (AOCL)
Foreign currency translation adjustments	$ 26,280	$ 29,711	$ 10,162
Pension and post-retirement benefits	561	561	2,281
Cash flow derivative instruments	(2,326)	(6,335)	3,584
Total accumulated other comprehensive loss	$ 24,515	$ 23,937	$ 16,027

Stockholders' Equity - Components and Activity of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 01, 2019	Feb. 02, 2018
Components and activity of accumulated other comprehensive loss
Balance as of the beginning of the fiscal period	$ (668,916)	$ (617,092)
Other comprehensive (income) loss before reclassifications	2,059	(7,260)
Amounts reclassified from AOCL	(1,481)	(833)
Net current period other comprehensive (income) loss	578	(8,093)
Balance as of the end of the fiscal period	(694,397)	(580,781)
Accumulated Other Comprehensive Loss
Components and activity of accumulated other comprehensive loss
Balance as of the beginning of the fiscal period	23,937	24,120
Net current period other comprehensive (income) loss	578	(8,093)
Balance as of the end of the fiscal period	24,515	16,027
Foreign Currency Translation Adjustments
Components and activity of accumulated other comprehensive loss
Balance as of the beginning of the fiscal period	29,711	21,303
Other comprehensive (income) loss before reclassifications	(3,431)	(11,141)
Amounts reclassified from AOCL	0	0
Net current period other comprehensive (income) loss	(3,431)	(11,141)
Balance as of the end of the fiscal period	26,280	10,162
Pension and Post-Retirement Benefits
Components and activity of accumulated other comprehensive loss
Balance as of the beginning of the fiscal period	561	2,012
Other comprehensive (income) loss before reclassifications	0	269
Amounts reclassified from AOCL	0	0
Net current period other comprehensive (income) loss	0	269
Balance as of the end of the fiscal period	561	2,281
Cash Flow Hedging Derivative Instruments
Components and activity of accumulated other comprehensive loss
Balance as of the beginning of the fiscal period	(6,335)	805
Other comprehensive (income) loss before reclassifications	5,490	3,612
Amounts reclassified from AOCL	(1,481)	(833)
Net current period other comprehensive (income) loss	4,009	2,779
Balance as of the end of the fiscal period	$ (2,326)	$ 3,584

Stock-Based Compensation - Compensation Costs Related to Stock-Based Awards Granted (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Feb. 01, 2019	Feb. 02, 2018
Stock-Based Compensation
Total compensation cost for stock-based awards	$ 3,924	$ 3,124
Stock option awards
Stock-Based Compensation
Total compensation cost for stock-based awards	1,835	1,175
Restricted stock units
Stock-Based Compensation
Total compensation cost for stock-based awards	693	1,005
Performance share awards
Stock-Based Compensation
Total compensation cost for stock-based awards	804	414
Unrestricted common stock awards
Stock-Based Compensation
Total compensation cost for stock-based awards	$ 592	$ 530
Unrestricted common stock awards \| Board of Directors
Stock-Based Compensation
Fully vested unrestricted common stock awards granted (in shares)	10,090	8,388

Stock-Based Compensation - Stock Option Awards (Details) - Stock option awards - $ / shares	3 Months Ended
	Feb. 01, 2019	Feb. 02, 2018
Assumptions for options granted
Expected life of option in years	6 years 3 months 21 days	6 years 18 days
Expected stock price volatility (as a percent)	19.84%	20.60%
Risk-free interest rate (as a percent)	2.77%	2.21%
Expected dividend yield (as a percent)	1.18%	0.97%
Weighted-average fair value at date of grant (in dollars per share)	$ 12.81	$ 14.29
Board of Directors
Stock-Based Compensation
Vesting period	3 years
Term of options	10 years
Vesting (as a percent)	33.33%
Certain employees
Stock-Based Compensation
Vesting period	3 years
Term of options	10 years
Non-employee members of Board of Directors
Stock-Based Compensation
Requisite service period for non-employee director after which fair value of options granted is fully expensed on the date of grant	10 years

Stock-Based Compensation - Performance Share Awards and Restricted Stock and Restricted Stock Unit Awards (Details) - $ / shares	3 Months Ended
	Feb. 01, 2019	Feb. 02, 2018
Performance share awards
Stock-Based Compensation
Performance goal period	3 years
Weighted-average fair value of awards granted (in dollars per share)	$ 59.58	$ 65.40
Performance share awards \| Maximum
Stock-Based Compensation
Vesting (as a percent)	200.00%
Performance share awards \| Minimum
Stock-Based Compensation
Vesting (as a percent)	0.00%
Restricted stock and restricted stock unit awards
Stock-Based Compensation
Vesting (as a percent)	33.33%
Vesting period	3 years
Weighted-average fair value of awards granted (in dollars per share)	$ 58.53	$ 65.93

Per Share Data - Reconciliations of Basic and Diluted Weighted-Average Share (Details) - shares	3 Months Ended
	Feb. 01, 2019	Feb. 02, 2018
Basic
Weighted-average number of shares of common stock (in shares)	106,216,000	107,173,000
Assumed issuance of contingent shares (in shares)	42,000	52,000
Weighted-average number of shares of common stock and assumed issuance of contingent shares (in shares)	106,258,000	107,225,000
Diluted
Weighted-average number of shares of common stock and assumed issuance of contingent shares (in shares)	106,258,000	107,225,000
Effect of dilutive securities (in shares)	1,523,000	2,630,000
Weighted-average number of shares of common stock, assumed issuance of contingent shares, and effect of dilutive securities (in shares)	107,781,000	109,855,000
Options, restricted stock, and restricted stock units, excluded from the diluted earnings per share (in shares)	786,262	305,911

Segment Data - Narrative (Details)	3 Months Ended
Segment Data - Narrative (Details)	Feb. 01, 2019 segment
Segment Reporting [Abstract]
Number of operating segments	9
Number of reportable segments	2

Segment Data - Summarized Financial Information of Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 01, 2019	Feb. 02, 2018	Oct. 31, 2018
Financial information concerning reportable segments
Revenues	$ 602,956	$ 548,246
Earnings (loss) before income taxes	70,020	66,385
Total assets	1,622,814	1,516,806	$ 1,570,984
Intersegment gross sales
Financial information concerning reportable segments
Revenues	(13,708)	(6,514)
Intersegment gross sales \| Professional
Financial information concerning reportable segments
Revenues	13,609	6,458
Intersegment gross sales \| Residential
Financial information concerning reportable segments
Revenues	99	56
Operating Segments \| Professional
Financial information concerning reportable segments
Revenues	455,006	403,669
Earnings (loss) before income taxes	87,978	75,912
Total assets	959,768	904,597
Operating Segments \| Residential
Financial information concerning reportable segments
Revenues	145,158	142,507
Earnings (loss) before income taxes	13,072	15,713
Total assets	235,520	249,845
Other
Financial information concerning reportable segments
Revenues	2,792	2,070
Earnings (loss) before income taxes	(31,030)	(25,240)
Total assets	$ 427,526	$ 362,364

Segment Data - Components of Loss before Income Taxes Included in Other (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 01, 2019	Feb. 02, 2018
Components of the loss before income taxes included in "Other"
Interest expense	$ (4,742)	$ (4,818)
Other income	4,708	4,281
Earnings before income taxes	70,020	66,385
Other
Components of the loss before income taxes included in "Other"
Corporate expenses	(28,314)	(24,401)
Interest expense	(4,742)	(4,818)
Other income	2,026	3,979
Earnings before income taxes	$ (31,030)	$ (25,240)

Warranty Guarantees - Schedule of Changes in Accrued Warranties (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 01, 2019	Feb. 02, 2018
Warranty provisions, claims, and changes in estimates
Beginning balance	$ 76,214	$ 74,155
Warranty provisions	10,556	10,570
Warranty claims	(10,815)	(9,840)
Changes in estimates	790	0
Ending balance	$ 76,745	$ 74,885

Derivative Instruments and Hedging Activities - Narrative (Details) $ in Millions	3 Months Ended
	Feb. 01, 2019 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Maximum length of time hedged in cash flow hedge	2 years
Cash flow hedge effectiveness measurement period	2 months
Gains from AOCL to earnings	$ 2.1
Forward currency contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	$ 255.9

Derivative Instruments and Hedging Activities - Fair Value and Location of Derivative Instruments (Details) - USD ($) $ in Thousands	Feb. 01, 2019	Oct. 31, 2018	Feb. 02, 2018
Fair value of derivatives
Derivative assets	$ 5,836	$ 10,901	$ 1,154
Derivative liabilities	33	13	8,089
Forward currency contracts
Fair value of derivatives
Derivative assets	5,836	10,901	1,154
Derivative liabilities	33	13	8,089
Forward currency contracts \| Derivatives designated as cash flow hedging instruments: \| Prepaid expenses and other current assets
Fair value of derivatives
Derivative assets	4,333	8,596	974
Forward currency contracts \| Derivatives designated as cash flow hedging instruments: \| Accrued liabilities
Fair value of derivatives
Derivative liabilities	30	0	5,411
Forward currency contracts \| Derivatives not designated as cash flow hedging instruments: \| Prepaid expenses and other current assets
Fair value of derivatives
Derivative assets	1,503	2,305	180
Forward currency contracts \| Derivatives not designated as cash flow hedging instruments: \| Accrued liabilities
Fair value of derivatives
Derivative liabilities	$ 3	$ 13	$ 2,678

Derivative Instruments and Hedging Activities - Effects of Master Netting Arrangements (Details) - USD ($) $ in Thousands	Feb. 01, 2019	Oct. 31, 2018	Feb. 02, 2018
Derivative assets:
Net amounts of assets presented in the Consolidated Balance Sheets	$ 5,836	$ 10,901	$ 1,154
Derivative liabilities:
Net amounts of liabilities presented in the Consolidated Balance Sheets	(33)	(13)	(8,089)
Forward currency contracts
Derivative assets:
Gross amounts of recognized assets	5,837	10,901	1,154
Gross liabilities offset in the balance sheets	(1)	0	0
Net amounts of assets presented in the Consolidated Balance Sheets	5,836	10,901	1,154
Derivative liabilities:
Gross amounts of recognized liabilities	(33)	(13)	(8,089)
Gross assets offset in the balance sheets	0	0	0
Net amounts of liabilities presented in the Consolidated Balance Sheets	$ (33)	$ (13)	$ (8,089)

Derivative Instruments and Hedging Activities - Impact and Location of Amounts Reclassified from AOCL and Impacts and Location on OCI (Details) - Cash flow hedging - USD ($) $ in Thousands	3 Months Ended
	Feb. 01, 2019	Feb. 02, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from AOCL into Earnings	$ 1,481	$ (833)
Loss Recognized in OCI on Derivatives	(4,009)	(2,779)
Forward currency contracts \| Net Sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from AOCL into Earnings	1,238	(1,011)
Loss Recognized in OCI on Derivatives	(3,481)	(2,678)
Forward currency contracts \| Cost of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from AOCL into Earnings	243	178
Loss Recognized in OCI on Derivatives	$ (528)	$ (101)

Derivative Instruments and Hedging Activities - Impact and Location of Derivative Instruments for Derivatives Designated as Cash Flow Hedging and the Related Components Excluded From Effectiveness Testing (Details) - Cash flow hedging - USD ($) $ in Thousands	3 Months Ended
	Feb. 01, 2019	Feb. 02, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from AOCL into Earnings	$ 1,481	$ (833)
Net Sales
Derivative Instruments, Gain (Loss) [Line Items]
Total loss on derivatives not designated as cash flow hedging instruments	602,956	548,246
Cost of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Total loss on derivatives not designated as cash flow hedging instruments	(387,339)	(344,007)
Other Income, Net
Derivative Instruments, Gain (Loss) [Line Items]
Total loss on derivatives not designated as cash flow hedging instruments	4,708	4,281
Forward currency contracts \| Net Sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from AOCL into Earnings	1,238	(1,011)
Gain (loss) on components excluded from effectiveness testing recognized in earnings based on changes in fair value	1,223	(21)
Forward currency contracts \| Cost of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from AOCL into Earnings	243	178
Gain (loss) on components excluded from effectiveness testing recognized in earnings based on changes in fair value	62	(25)
Forward currency contracts \| Other Income, Net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassified from AOCL into Earnings	0	0
Gain (loss) on components excluded from effectiveness testing recognized in earnings based on changes in fair value	$ 0	$ 0

Derivative Instruments and Hedging Activities - Impact and Location of Derivatives Not Designated As Cash Flow Hedging Instruments (Details) - Other Income, Net - Derivatives not designated as cash flow hedging instruments: - USD ($) $ in Thousands	3 Months Ended
	Feb. 01, 2019	Feb. 02, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Total loss on derivatives not designated as cash flow hedging instruments	$ (1,063)	$ (1,816)
Forward currency contracts
Derivative Instruments, Gain (Loss) [Line Items]
Total loss on derivatives not designated as cash flow hedging instruments	$ (1,063)	$ (1,816)

Fair Value Measurements - Fair Value Hierarchy (Details) - USD ($)	Feb. 01, 2019	Oct. 31, 2018	Feb. 02, 2018
Assets:
Forward currency contracts	$ 5,836,000	$ 10,901,000	$ 1,154,000
Liabilities:
Forward currency contracts	33,000	13,000	8,089,000
Transfer of assets from level 1 to level 2	0	0	0
Transfer of assets from level 2 to level 1	0	0	0
Transfer of liabilities from level 1 to level 2	0	0	0
Transfer of liabilities from level 2 to level 1	0	0	0
Forward currency contracts
Assets:
Forward currency contracts	5,836,000	10,901,000	1,154,000
Liabilities:
Forward currency contracts	33,000	13,000	8,089,000
Measured on a recurring basis
Assets:
Total assets	5,836,000	10,901,000	1,154,000
Liabilities:
Total liabilities	33,000	13,000	8,089,000
Measured on a recurring basis \| Forward currency contracts
Assets:
Forward currency contracts	5,836,000	10,901,000	1,154,000
Liabilities:
Forward currency contracts	33,000	13,000	8,089,000
Measured on a recurring basis \| Level 1
Assets:
Total assets	0	0	0
Liabilities:
Total liabilities	0	0	0
Measured on a recurring basis \| Level 1 \| Forward currency contracts
Assets:
Forward currency contracts	0	0	0
Liabilities:
Forward currency contracts	0	0	0
Measured on a recurring basis \| Level 2
Assets:
Total assets	5,836,000	10,901,000	1,154,000
Liabilities:
Total liabilities	33,000	13,000	8,089,000
Measured on a recurring basis \| Level 2 \| Forward currency contracts
Assets:
Forward currency contracts	5,836,000	10,901,000	1,154,000
Liabilities:
Forward currency contracts	33,000	13,000	8,089,000
Measured on a recurring basis \| Level 3
Assets:
Total assets	0	0	0
Liabilities:
Total liabilities	0	0	0
Measured on a recurring basis \| Level 3 \| Forward currency contracts
Assets:
Forward currency contracts	0	0	0
Liabilities:
Forward currency contracts	$ 0	$ 0	$ 0

Revenue - Disaggregation by Major Product Type and Geographic Market (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 01, 2019	Feb. 02, 2018
Disaggregation of Revenue [Line Items]
Revenues	$ 602,956	$ 548,246
United States
Disaggregation of Revenue [Line Items]
Revenues	461,411	401,456
Foreign Countries
Disaggregation of Revenue [Line Items]
Revenues	141,545	146,790
Equipment
Disaggregation of Revenue [Line Items]
Revenues	523,029	459,217
Irrigation
Disaggregation of Revenue [Line Items]
Revenues	79,927	89,029
Operating Segments \| Professional
Disaggregation of Revenue [Line Items]
Revenues	455,006	403,669
Operating Segments \| Professional \| United States
Disaggregation of Revenue [Line Items]
Revenues	348,104	295,690
Operating Segments \| Professional \| Foreign Countries
Disaggregation of Revenue [Line Items]
Revenues	106,902	107,979
Operating Segments \| Professional \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	387,550	328,642
Operating Segments \| Professional \| Irrigation
Disaggregation of Revenue [Line Items]
Revenues	67,456	75,027
Operating Segments \| Residential
Disaggregation of Revenue [Line Items]
Revenues	145,158	142,507
Operating Segments \| Residential \| United States
Disaggregation of Revenue [Line Items]
Revenues	110,515	103,696
Operating Segments \| Residential \| Foreign Countries
Disaggregation of Revenue [Line Items]
Revenues	34,643	38,811
Operating Segments \| Residential \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	133,510	129,307
Operating Segments \| Residential \| Irrigation
Disaggregation of Revenue [Line Items]
Revenues	11,648	13,200
Other
Disaggregation of Revenue [Line Items]
Revenues	2,792	2,070
Other \| United States
Disaggregation of Revenue [Line Items]
Revenues	2,792	2,070
Other \| Foreign Countries
Disaggregation of Revenue [Line Items]
Revenues	0	0
Other \| Equipment
Disaggregation of Revenue [Line Items]
Revenues	1,969	1,268
Other \| Irrigation
Disaggregation of Revenue [Line Items]
Revenues	$ 823	$ 802

Revenue - Product Revenue, Service Revenue and Warrant Revenue Narrative (Details)	3 Months Ended
	Feb. 01, 2019
Minimum \| Product Revenue
Disaggregation of Revenue [Line Items]
Contract with customer, contract period	30 days
Minimum \| Service Revenue
Disaggregation of Revenue [Line Items]
Contract with customer, contract period	12 months
Minimum \| Warranty Revenue
Disaggregation of Revenue [Line Items]
Contract with customer, contract period	12 months
Maximum \| Product Revenue
Disaggregation of Revenue [Line Items]
Contract with customer, contract period	120 days
Maximum \| Service Revenue
Disaggregation of Revenue [Line Items]
Contract with customer, contract period	36 months
Maximum \| Warranty Revenue
Disaggregation of Revenue [Line Items]
Contract with customer, contract period	24 months

Revenue - Contract Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Feb. 01, 2019	Oct. 31, 2018
Revenue from Contract with Customer [Abstract]
Contract with customer, liability	$ 14.6	$ 14.0
Contract with customer liability revenue recognized	$ 1.6

Revenue - Performance Obligation (Details) $ in Millions	Feb. 01, 2019 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-02-02
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 4.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-11-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 4.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-11-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 3.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year

Subsequent Event (Details) $ in Millions	3 Months Ended
Subsequent Event (Details) $ in Millions	Aug. 02, 2019 USD ($)
Charles Machine Works, Inc \| Scenario, Forecast \| Subsequent Event
Subsequent Event [Line Items]
Cash payment to acquire business	$ 700

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 864,000
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 864,000