INCOME TAXES (Tables)

12 Months Ended

Oct. 31, 2015

INCOME TAXES

Schedule of earnings before income taxes

Fiscal years ended October 31		2015		2014		2013
Earnings before income taxes:
U.S.	$	254,276	$	239,501	$	213,509
Non-U.S.		36,755		16,944		13,204
Total	$	291,031	$	256,445	$	226,713

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

Fiscal years ended October 31	2015		2014		2013
Statutory federal income tax rate	35.0	%	35.0	%	35.0	%
Domestic manufacturer's deduction	(1.7	)	(1.9	)	(2.0	)
State and local income taxes, net of federal benefit	2.2		1.5		1.5
Non-U.S. taxes	(3.1	)	(1.2	)	(0.3	)
Federal research tax credit	(0.9	)	(0.2	)	(2.4	)
Other, net	(0.8	)	(1.0	)	(0.1	)
Consolidated effective tax rate	30.7	%	32.2	%	31.7	%

Schedule of components of the provision for income taxes

Fiscal years ended October 31		2015			2014			2013
Provision for income taxes:
Current –
Federal	$	75,496		$	75,815		$	61,388
State		9,389			5,997			5,108
Non-U.S.		6,219			3,672			5,734
Current provision	$	91,104		$	85,484		$	72,230
Deferred –
Federal	$	430		$	(3,047	)	$	824
State		–			(81	)		91
Non-U.S.		(2,094	)		219			(1,277	)
Deferred benefit		(1,664	)		(2,909	)		(362	)
Total provision for income taxes	$	89,440		$	82,575		$	71,868

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

October 31		2015			2014
Deferred tax assets (liabilities):
Compensation and benefits	$	41,341		$	40,412
Warranty and insurance		12,067			8,787
Advertising and sales allowance		10,474			8,954
Depreciation		(7,689	)		3,096
Other		12,264			11,660
Deferred tax assets	$	68,457		$	72,909
Valuation allowance		(1,801	)		(4,012	)
Net deferred tax assets	$	66,656		$	68,897

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

Balance as of October 31, 2014	$	5,042
Increase as a result of tax positions taken during a prior period		801
Decrease as a result of tax positions taken during a prior period		(138	)
Increase as a result of tax positions taken during the current period		807
Decrease relating to settlements with taxing authorities		(169	)
Balance as of October 31, 2015	$	6,343