Income Taxes (Tables)

12 Months Ended

Oct. 31, 2016

Income Tax Disclosure [Abstract]

Income Tax Expense

Income tax expense includes the following:

	2016			2015			2014
Current:
U.S. federal	$	44,156		$	36,875		$	52,985
State and local		2,256			1,623			1,900
Foreign		53,836			49,153			47,366
Total current		100,248			87,651			102,251
Deferred:
U.S. federal		(2,334	)		4,950			8,695
State and local		563			1,031			(1,635	)
Foreign		(1,826	)		(3,881	)		(3,571	)
Total deferred		(3,597	)		2,100			3,489
	$	96,651		$	89,751		$	105,740

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:

	2016			2015			2014
Statutory federal income tax rate		35.00	%		35.00	%		35.00	%
Domestic Production Deduction		(1.43	)		(1.47	)		(1.74	)
Foreign tax rate variances, net of foreign tax credits		(4.59	)		(3.25	)		(3.42	)
State and local taxes, net of federal income tax benefit		0.50			0.43			0.05
Amounts related to prior years		(1.20	)		(1.04	)		(0.24	)
Tax benefit from previously taxed dividends paid		(1.67	)		—			—
Other – net		(0.38	)		0.16			0.35
Effective tax rate		26.23	%		29.83	%		30.00	%

Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits for 2016, 2015 and 2014 is as follows:

	2016			2015			2014
Balance at beginning of year	$	6,258		$	5,812		$	5,717
Additions based on tax positions related to the current year		522			288			196
Additions for tax positions of prior years		310			331			319
Reductions for tax positions of prior years		(140	)		(28	)		—
Settlements		(3,091	)		—			(110	)
Lapse of statute of limitations		(523	)		(145	)		(310	)
Balance at end of year	$	3,336		$	6,258		$	5,812

Significant Components of Deferred Tax Assets and Liabilities

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

	2016			2015
Deferred tax assets:
Employee benefits	$	93,837		$	84,651
Other accruals not currently deductible for taxes		16,861			17,259
Tax credit and loss carryforwards		11,111			9,242
Inventory adjustments		7,915			6,591
Total deferred tax assets		129,724			117,743
Valuation allowance		(8,304	)		(6,768	)
Total deferred tax assets		121,420			110,975
Deferred tax liabilities:
Depreciation and amortization		171,209			171,234
Other - net		1,366			196
Total deferred tax liabilities		172,575			171,430
Net deferred tax liabilities	$	(51,155	)	$	(60,455	)