INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2013

INCOME TAXES

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

Fiscal years ended October 31	2013		2012		2011
Statutory federal income tax rate	35.0	%	35.0	%	35.0	%
Increase (reduction) in income taxes resulting from:
Domestic manufacturer's deduction	(2.0	)	(2.0	)	(1.8	)
State and local income taxes, net of federal income tax benefit	1.5		1.5		1.4
Effect of foreign source income	(0.3	)	0.2		0.2
Domestic research tax credit	(2.4	)	(0.2	)	(2.4	)
Other, net	(0.1	)	(0.5	)	0.3
Consolidated effective tax rate	31.7	%	34.0	%	32.7	%

Schedule of components of the provision for income taxes

Fiscal years ended October 31		2013			2012			2011
Provision for income taxes:
Current –
Federal	$	61,388		$	59,405		$	47,922
State		5,108			4,609			3,963
Non-U.S.		5,734			3,854			7,103
Current provision	$	72,230		$	67,868		$	58,988
Deferred –
Federal	$	824		$	(685	)	$	(31	)
State		91			(132	)		(211	)
Non-U.S.		(1,277	)		(330	)		(1,578	)
Deferred benefit		(362	)		(1,147	)		(1,820	)
Total provision for income taxes	$	71,868		$	66,721		$	57,168

Schedule of earnings before income taxes

Fiscal years ended October 31		2013		2012		2011
Earnings before income taxes:
U.S.	$	213,509	$	189,206	$	160,444
Non-U.S.		13,204		7,056		14,382
Total	$	226,713	$	196,262	$	174,826

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

October 31		2013			2012
Deferred tax assets (liabilities):
Allowance for doubtful accounts	$	1,635		$	1,959
Inventory items		3,969			4,595
Warranty reserves and other accruals		38,168			39,559
Employee benefits		18,315			16,466
Depreciation		(2,467	)		(4,389	)
Other		5,550			9,625
Deferred tax assets	$	65,170		$	67,815
Valuation allowance		(5,572	)		(6,781	)
Net deferred tax assets	$	59,598		$	61,034

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

Balance as of October 31, 2012	$	4,421
Decrease as a result of tax positions taken during a prior period		(626	)
Increase as a result of tax positions taken during the current period		940
Decrease relating to settlements with taxing authorities		(214	)
Reduction as a result of a lapse of the applicable statute of limitations		(15	)
Balance as of October 31, 2013	$	4,506