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Equity Earnings of Unconsolidated Affiliates, Net of Tax and Net Income (Loss) Attributable to Noncontrolling Interests
12 Months Ended
Oct. 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. 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. The Company has an equity interest in two such affiliates as of October 31, 2016, including the addition of the equity method investment in 2016. For additional information regarding the addition of the equity method investment in 2016 refer to Note 2 to these consolidated financial statements.
Equity earnings of unconsolidated affiliates, net of tax for the years ended October 31, 2016, 2015 and 2014 were $0.8 million, $0.8 million and $1.9 million, respectively. Dividends received from the Company’s equity method affiliates for the years ended October 31, 2016, 2015 and 2014 were $0.4 million, $0.2 million and $0.2 million, respectively.
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 that were (deducted from) added to net income to arrive at net income attributable to the Company. Net (income) loss attributable to noncontrolling interests for the years ended October 31, 2016, 2015 and 2014 was $(0.6) million, $4.7 million and $46.6 million, respectively.