INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2014

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	2014		2013		2012
Statutory federal income tax rate	35.0	%	35.0	%	35.0	%
Increase (reduction) in income taxes resulting from:
Domestic manufacturer's deduction	(1.9	)	(2.0	)	(2.0	)
State and local income taxes, net of federal income tax benefit	1.5		1.5		1.5
Effect of foreign source income	(1.2	)	(0.3	)	0.2
Domestic research tax credit	(0.2	)	(2.4	)	(0.2	)
Other, net	(1.0	)	(0.1	)	(0.5	)
Consolidated effective tax rate	32.2	%	31.7	%	34.0	%

Schedule of components of the provision for income taxes

Fiscal years ended October 31		2014			2013			2012
Provision for income taxes:
Current –
Federal	$	75,815		$	61,388		$	59,405
State		5,997			5,108			4,609
Non-U.S.		3,672			5,734			3,854
Current provision	$	85,484		$	72,230		$	67,868
Deferred –
Federal	$	(3,047	)	$	824		$	(685	)
State		(81	)		91			(132	)
Non-U.S.		219			(1,277	)		(330	)
Deferred benefit		(2,909	)		(362	)		(1,147	)
Total provision for income taxes	$	82,575		$	71,868		$	66,721

Schedule of earnings before income taxes

Fiscal years ended October 31		2014		2013		2012
Earnings before income taxes:
U.S.	$	239,501	$	213,509	$	189,206
Non-U.S.		16,944		13,204		7,056
Total	$	256,445	$	226,713	$	196,262

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

October 31		2014			2013
Deferred tax assets (liabilities):
Allowance for doubtful accounts	$	858		$	1,635
Inventory items		3,918			3,969
Compensation and other accruals		40,932			38,168
Employee benefits		20,374			18,315
Depreciation		3,093			(2,467	)
Other		3,734			5,550
Deferred tax assets	$	72,909		$	65,170
Valuation allowance		(4,012	)		(5,572	)
Net deferred tax assets	$	68,897		$	59,598

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

Balance as of October 31, 2013	$	4,506
Decrease as a result of tax positions taken during a prior period		(164	)
Increase as a result of tax positions taken during the current period		726
Decrease relating to settlements with taxing authorities		(26	)
Balance as of October 31, 2014	$	5,042