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Equity Earnings of Unconsolidated Affiliates, Net of Tax and Net (Income) Loss Attributable to Noncontrolling Interests
9 Months Ended
Jul. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Equity Earnings of Unconsolidated Affiliates, Net of Tax and Net (Income) Loss Attributable to Noncontrolling Interests
EQUITY EARNINGS OF UNCONSOLIDATED AFFILIATES, NET OF TAX AND NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS
Equity earnings of unconsolidated affiliates, net of tax
Equity earnings of unconsolidated affiliates, net of tax represent the Company’s share of earnings of affiliates in which the Company does not exercise control and has a 20 percent or more voting interest. Investments in such affiliates are accounted for using the equity method of accounting. The Company has an equity interest in one such affiliate as of July 31, 2016. The Company had an equity interest in two such affiliates as of July 31, 2015. If the fair value of an investment in an affiliate is below its carrying value and the difference is deemed to be other than temporary, the difference between the fair value and the carrying value is charged to earnings. Equity earnings of unconsolidated affiliates, net of tax were $0.8 million for the three and nine months ended July 31, 2016. Equity earnings of unconsolidated affiliates, net of tax were $0.6 million for the three months ended and $0.3 million for the nine months ended July 31, 2015. There were no dividends received from the Company’s equity method affiliates for the three and nine months ended July 31, 2016 and 2015.
Net (income) loss attributable to noncontrolling interests
Net (income) loss attributable to noncontrolling interests represent the portion of earnings or losses from the operations of the Company’s consolidated subsidiaries attributable to unrelated third party equity owners. Net (income) loss attributable to noncontrolling interests for the three months ended July 31, 2016 and 2015 was ($0.3) million and ($0.7) million, respectively. Net (income) loss attributable to noncontrolling interests for the nine months ended July 31, 2016 and 2015 was ($2.6) million and $1.5 million, respectively