Income Taxes (Tables)

12 Months Ended

Oct. 31, 2017

Income Tax Disclosure [Abstract]

Income Tax Expense

Income tax expense includes the following:

	2017			2016			2015
Current:
U.S. federal	$	54,878		$	44,156		$	36,875
State and local		3,731			2,256			1,623
Foreign		66,352			53,836			49,153
Total current		124,961			100,248			87,651
Deferred:
U.S. federal		3,596			(2,334	)		4,950
State and local		1,164			563			1,031
Foreign		(5,232	)		(1,826	)		(3,881	)
Total deferred		(472	)		(3,597	)		2,100
	$	124,489		$	96,651		$	89,751

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:

	2017			2016			2015
Statutory federal income tax rate		35.00	%		35.00	%		35.00	%
Domestic Production Deduction		(1.48	)		(1.43	)		(1.47	)
Foreign tax rate variances, net of foreign tax credits		(4.69	)		(4.59	)		(3.25	)
State and local taxes, net of federal income tax benefit		0.76			0.50			0.43
Amounts related to prior years		0.03			(1.20	)		(1.04	)
Tax benefit from previously taxed dividends paid		—			(1.67	)		—
Other – net		—			(0.38	)		0.16
Effective tax rate		29.62	%		26.23	%		29.83	%

Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits for 2017, 2016 and 2015 is as follows:

	2017			2016			2015
Balance at beginning of year	$	3,336		$	6,258		$	5,812
Additions based on tax positions related to the current year		529			522			288
Additions for tax positions of prior years		621			310			331
Reductions for tax positions of prior years		(150	)		(140	)		(28	)
Settlements		—			(3,091	)		—
Lapse of statute of limitations		(555	)		(523	)		(145	)
Balance at end of year	$	3,781		$	3,336		$	6,258

Significant Components of Deferred Tax Assets and Liabilities

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

	2017			2016
Deferred tax assets:
Employee benefits	$	84,109		$	93,837
Other accruals not currently deductible for taxes		28,579			16,861
Tax credit and loss carryforwards		23,976			11,111
Inventory adjustments		8,778			7,915
Total deferred tax assets		145,442			129,724
Valuation allowance		(14,891	)		(8,304	)
Total deferred tax assets		130,551			121,420
Deferred tax liabilities:
Depreciation and amortization		252,489			171,209
Other - net		1,132			1,366
Total deferred tax liabilities		253,621			172,575
Net deferred tax liabilities	$	(123,070	)	$	(51,155	)