Income Taxes (Tables)

12 Months Ended

Oct. 31, 2015

Income Tax Disclosure [Abstract]

Income Tax Expense

Income tax expense includes the following:

	2015			2014			2013
Current:
U.S. federal	$	36,875		$	52,985		$	45,004
State and local		1,623			1,900			2,351
Foreign		49,153			47,366			36,829
Total current		87,651			102,251			84,184
Deferred:
U.S. federal		4,950			8,695			8,361
State and local		1,031			(1,635	)		(991	)
Foreign		(3,881	)		(3,571	)		(2,248	)
Total deferred		2,100			3,489			5,122
	$	89,751		$	105,740		$	89,306

Income Taxes Computed at the U.S. Statutory Rate and Income Tax

A reconciliation of the U.S. statutory federal rate to the worldwide consolidated effective tax rate follows:

	2015				2014				2013
Statutory federal income tax rate		35.00		%		35.00		%		35.00		%
Domestic Production Deduction		(1.47	)			(1.74	)			(1.71	)
Foreign tax rate variances, net of foreign tax credits		(3.25	)			(3.42	)			(3.39	)
State and local taxes, net of federal income tax benefit		0.43				0.05				0.28
Amounts related to prior years		(1.04	)			(0.24	)			(1.00	)
Other – net		0.16				0.35				(0.48	)
Effective tax rate		29.83		%		30.00		%		28.70		%

Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits for 2015, 2014 and 2013 is as follows:

	2015			2014			2013
Balance at beginning of year	$	5,812		$	5,717		$	3,140
Additions based on tax positions related to the current year		288			196			703
Additions for tax positions of prior years		331			319			3,261
Reductions for tax positions of prior years		(28	)		—			(317	)
Settlements		—			(110	)		—
Lapse of statute of limitations		(145	)		(310	)		(1,070	)
Balance at end of year	$	6,258		$	5,812		$	5,717

Significant Components of Deferred Tax Assets and Liabilities

Significant components of deferred tax assets and liabilities are as follows:

	2015			2014
Deferred tax assets:
Employee benefits	$	84,651		$	79,669
Other accruals not currently deductible for taxes		17,259			17,379
Tax credit and loss carryforwards		9,242			16,531
Inventory adjustments		6,591			5,276
Translation of foreign currency accounts		—			154
Total deferred tax assets		117,743			119,009
Valuation allowance		(6,768	)		(7,672	)
Total deferred tax assets		110,975			111,337
Deferred tax liabilities:
Depreciation and amortization		171,234			163,107
Other - net		196			-
Total deferred tax liabilities		171,430			163,107
Net deferred tax liabilities	$	(60,455	)	$	(51,770	)