INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2012

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	2012		2011		2010
Statutory federal income tax rate	35.0	%	35.0	%	35.0	%
Increase (reduction) in income taxes resulting from:
Domestic manufacturer's deduction	(2.0	)	(1.8	)	(1.1	)
State and local income taxes, net of federal income tax benefit	1.5		1.4		1.4
Effect of foreign source income	0.2		0.2		0.2
Domestic research tax credit	(0.2	)	(2.4	)	(0.2	)
Other, net	(0.5	)	0.3		(1.3	)
Consolidated effective tax rate	34.0	%	32.7	%	34.0	%

Schedule of components of the provision for income taxes

  Components of the provision for income taxes were as follows:

Fiscal years ended October 31		2012			2011			2010
Provision for income taxes:
Current –
Federal	$	59,405		$	47,922		$	34,582
State		4,609			3,963			2,918
Non-U.S.		3,854			7,103			4,436
Current provision	$	67,868		$	58,988		$	41,936
Deferred –
Federal	$	(685	)	$	(31	)	$	5,305
State		(132	)		(211	)		198
Non-U.S.		(330	)		(1,578	)		592
Deferred benefit		(1,147	)		(1,820	)		6,095
Total provision for income taxes	$	66,721		$	57,168		$	48,031

Schedule of earnings before income taxes

  Earnings before income taxes were as follows:

Fiscal years ended October 31		2012		2011		2010
Earnings before income taxes:
U.S.	$	189,206	$	160,444	$	127,508
Non-U.S.		7,056		14,382		13,760
Total	$	196,262	$	174,826	$	141,268

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		2012			2011
Deferred tax assets (liabilities):
Allowance for doubtful accounts	$	1,959		$	1,156
Inventory items		4,595			5,121
Warranty reserves and other accruals		39,559			38,370
Employee benefits		16,466			16,831
Depreciation		(4,389	)		(3,909	)
Other		9,625			8,514
Deferred tax assets	$	67,815		$	66,083
Valuation allowance		(6,781	)		(4,928	)
Net deferred tax assets	$	61,034		$	61,155

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, 2011	$	5,329
Decrease as a result of tax positions taken during a prior period		(52	)
Increase as a result of tax positions taken during the current period		753
Decrease relating to settlements with taxing authorities		(261	)
Reduction as a result of a lapse of the applicable statute of limitations		(1,348	)
Balance as of October 31, 2012	$	4,421