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Income Taxes (Tables)
6 Months Ended
Apr. 30, 2020
Income Taxes [Abstract]  
Reconciliation of the difference between the Company's effective tax rate and the U.S. federal statutory tax rate

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

 

April 30,

 

April 30,

 

 

 

2020

 

2019

 

2020

 

2019

 

 

Statutory U.S. federal income tax rate

21.0

%

21.0

%

21.0

%

21.0

%

 

State income tax, net of federal income

 

 

 

 

 

 

 

 

 

tax benefits

8.8

 

4.5

 

5.9

 

4.5

 

 

Net (income) loss attributable to non-controlling

 

 

 

 

 

 

 

 

 

and other beneficial interests

16.7

 

(0.9)

 

3.9

 

(0.9)

 

 

Stock-based and other compensation

1.5

 

-

 

0.7

 

-

 

 

Net excess tax benefits from stock-based

 

 

 

 

 

 

 

 

 

compensation plans

(2.2)

 

(0.2)

 

(3.1)

 

(1.2)

 

 

Other items

(0.5)

 

0.7

 

0.1

 

1.0

 

 

Effective income tax rate

45.3

%

25.1

%

28.5

%

24.4

%