INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of earnings before income taxes

Earnings before income taxes were as follows:

Fiscal Years Ended October 31	2017		2016		2015
Earnings before income taxes:
U.S.	$	307,136	$	292,184	$	254,276
Foreign	46,048		38,276		36,755
Total earnings before income taxes	$	353,184	$	330,460	$	291,031

Schedule of reconciliation of the statutory federal income tax rate to the company's consolidated effective tax rate

A reconciliation of the statutory federal income tax rate to the company's consolidated effective tax rate is summarized as follows:

Fiscal Years Ended October 31	2017		2016		2015
Statutory federal income tax rate	35.0	%	35.0	%	35.0	%
Excess deduction for stock compensation	(5.3	)	—		—
Domestic manufacturer's deduction	(1.2	)	(0.8	)	(1.7	)
State and local income taxes, net of federal benefit	0.5		1.5		2.2
Foreign taxes	(2.3	)	(1.8	)	(3.1	)
Federal research tax credit	(1.5	)	(1.5	)	(0.9	)
Other, net	(1.0	)	(2.3	)	(0.8	)
Consolidated effective tax rate	24.2	%	30.1	%	30.7	%

Schedule of components of the provision for income taxes

Components of the provision for income taxes were as follows:

Fiscal Years Ended October 31	2017			2016		2015
Current provision:
Federal	$	83,091		$	77,685	$	75,496
State	3,036			6,929		9,389
Foreign	8,166			6,295		6,219
Total current provision	$	94,293		$	90,909	$	91,104
Deferred provision (benefit):
Federal	$	(8,774	)	$	7,283	$	430
State	(101		)	297		—
Foreign	49			977		(2,094		)
Total deferred provision (benefit)	(8,826		)	8,557		(1,664		)
Total provision for income taxes	$	85,467		$	99,466	$	89,440

Schedule of tax effects of temporary differences that give rise to the net deferred income tax assets

The tax effects of temporary differences that give rise to deferred income tax assets, net, are presented below:

October 31	2017			2016
Deferred income tax assets:
Compensation and benefits	$	38,753		$	37,200
Warranty and insurance	23,993			17,443
Advertising and sales allowance	10,428			11,185
Other	12,234			10,327
Valuation allowance	(1,951		)	(1,867		)
Total deferred income tax assets	$	83,457		$	74,288
Deferred income tax liabilities:
Depreciation	$	(13,259	)	$	(13,578	)
Amortization	(7,841		)	(3,482		)
Total deferred income tax liabilities	(21,100		)	(17,060		)
Deferred income tax assets, net	$	62,357		$	57,228

Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

Unrecognized tax benefits as of October 31, 2016	$	5,175
Increase as a result of tax positions taken during a prior period	432
Increase as a result of tax positions taken during the current period	948
Decrease relating to settlements with taxing authorities	(2,673		)
Reductions as a result of statute of limitations lapses	(769		)
Unrecognized tax benefits as of October 31, 2017	$	3,113