INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2011

INCOME TAXES

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	2011		2010		2009
Statutory federal income tax rate	35.0	%	35.0	%	35.0	%
Increase (reduction) in income taxes resulting from:
Domestic manufacturer's deduction	(1.8	)	(1.1	)	(0.8	)
State and local income taxes, net of federal income tax benefit	1.4		1.4		1.2
Effect of foreign source income	0.2		0.2		0.1
Domestic research tax credit	(2.4	)	(0.2	)	(2.1	)
Other, net	0.3		(1.3	)	1.0
Consolidated effective tax rate	32.7	%	34.0	%	34.4	%

Schedule of components of the provision for income taxes

  Components of the provision for income taxes were as follows:

Fiscal years ended October 31		2011			2010		2009
Provision for income taxes:
Current –
Federal	$	47,922		$	34,582	$	23,954
State		3,963			2,918		1,951
Non-U.S.		7,103			4,436		4,972
Current provision	$	58,988		$	41,936	$	30,877
Deferred –
Federal	$	(31	)	$	5,305	$	1,948
State		(211	)		198		(110	)
Non-U.S.		(1,578	)		592		236
Deferred benefit		(1,820	)		6,095		2,074
Total provision for income taxes	$	57,168		$	48,031	$	32,951

Schedule of earnings before income taxes

Earnings before income taxes were as follows:

Fiscal years ended October 31		2011		2010		2009
Earnings before income taxes:
U.S.	$	160,444	$	127,508	$	83,357
Non-U.S.		14,382		13,760		12,431
Total	$	174,826	$	141,268	$	95,788

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 the net deferred income tax assets are presented below:

October 31		2011			2010
Deferred tax assets (liabilities):
Allowance for doubtful accounts	$	1,156		$	1,865
Inventory items		5,121			1,750
Warranty reserves and other accruals		38,370			40,156
Employee benefits		16,831			16,159
Depreciation		(3,909	)		(2,411	)
Other		8,514			7,399
Deferred tax assets	$	66,083		$	64,918
Valuation allowance		(4,928	)		(4,538	)
Net deferred tax assets	$	61,155		$	60,380

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:

Balance as of October 31, 2010	$	5,752
Increase as a result of tax positions taken during a prior period		175
Increase as a result of tax positions taken during the current period		846
Decrease relating to settlements with taxing authorities		(1,245	)
Reduction as a result of a lapse of the applicable statute of limitations		(199	)
Balance as of October 31, 2011	$	5,329