|
INCOME TAXES (Details) (USD $)
In Thousands, unless otherwise specified
|
12 Months Ended |
|
Oct. 31, 2012
|
Oct. 31, 2011
|
Oct. 31, 2010
|
| Reconciliation of the statutory federal income tax rate to consolidated effective tax rate |
|
|
|
| Statutory federal income tax rate (as a percent) |
35.00% |
35.00% |
35.00% |
| Increase (reduction) in income taxes resulting from: |
|
|
|
| Domestic manufacturer's deduction (as a percent) |
(2.00%) |
(1.80%) |
(1.10%) |
| State and local income taxes, net of federal income tax benefit (as a percent) |
1.50% |
1.40% |
1.40% |
| Effect of foreign source income (as a percent) |
0.20% |
0.20% |
0.20% |
| Domestic research tax credit (as a percent) |
(0.20%) |
(2.40%) |
(0.20%) |
| Other, net (as a percent) |
(0.50%) |
0.30% |
(1.30%) |
| Consolidated effective tax rate (as a percent) |
34.00% |
32.70% |
34.00% |
| Current |
|
|
|
| Federal |
$ 59,405 |
$ 47,922 |
$ 34,582 |
| State |
4,609 |
3,963 |
2,918 |
| Non-U.S. |
3,854 |
7,103 |
4,436 |
| Current provision |
67,868 |
58,988 |
41,936 |
| Deferred |
|
|
|
| Federal |
(685) |
(31) |
5,305 |
| State |
(132) |
(211) |
198 |
| Non-U.S. |
(330) |
(1,578) |
592 |
| Deferred benefit |
(1,147) |
(1,820) |
6,095 |
| Total provision for income taxes |
66,721 |
57,168 |
48,031 |
| Earnings before income taxes: |
|
|
|
| U.S. |
189,206 |
160,444 |
127,508 |
| Non-U.S. |
7,056 |
14,382 |
13,760 |
| Earnings before income taxes |
196,262 |
174,826 |
141,268 |
| Adjustment to stockholders' equity for tax benefits related to employee stock-based award transactions |
9,017 |
2,988 |
3,396 |
| Deferred tax assets (liabilities): |
|
|
|
| Allowance for doubtful accounts |
1,959 |
1,156 |
|
| Inventory items |
4,595 |
5,121 |
|
| Warranty reserves and other accruals |
39,559 |
38,370 |
|
| Employee benefits |
16,466 |
16,831 |
|
| Depreciation |
(4,389) |
(3,909) |
|
| Other income (expense) |
9,625 |
8,514 |
|
| Deferred tax assets |
67,815 |
66,083 |
|
| Valuation allowance |
(6,781) |
(4,928) |
|
| Net deferred tax assets |
61,034 |
61,155 |
|
| Accumulated undistributed earnings attributable to foreign subsidiaries considered to be indefinitely invested |
45,635 |
|
|
| Reconciliation of unrecognized tax benefits |
|
|
|
| Balance at the beginning of the period |
5,329 |
|
|
| Decrease as a result of tax positions taken during a prior period |
(52) |
|
|
| Increase as a result of tax positions taken during the current period |
753 |
|
|
| Decrease relating to settlements with taxing authorities |
(261) |
|
|
| Reduction as a result of a lapse of the applicable statute of limitations |
(1,348) |
|
|
| Balance at the end of the period |
4,421 |
5,329 |
|
| Potential benefits that would affect the effective tax rate |
3,122 |
|
|
| Accrued interest and penalties for unrecognized tax benefits |
219 |
|
|
|
Foreign Jurisdictions
|
|
|
|
| Net Operating Loss |
|
|
|
| Net operating loss carryforwards in foreign jurisdictions with unlimited expiration |
$ 15,386 |
|
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