XML 37 R17.htm IDEA: XBRL DOCUMENT v3.2.0.727
Income Taxes
9 Months Ended
Jul. 31, 2015
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES
The quarterly provision for income taxes is calculated using an estimated annual effective income tax rate, adjusted for discrete items that occur during the reporting period. The effective tax rate before discrete items for the three months ended July 31, 2015 was 44.2%, compared to 41.9% for the three months ended July 31, 2014. The effective tax rate including discrete items for the three months ended July 31, 2015 was not meaningful, primarily due to tax benefits of $3.4 million related to expiring statutes of limitations and tax benefits of $1.8 million related to tax deductions for energy efficient government buildings that were recorded in a quarter that has a loss before income taxes.
The effective tax rate for the nine months ended July 31, 2015 was 9.4% compared to 41.6% for the nine months ended July 31, 2014. The effective tax rate for the nine months ended July 31, 2015 was lower than the rate for the nine months ended July 31, 2014 principally due to: (i) $4.8 million of additional credits for the retroactive reinstatement of the Work Opportunity Tax Credit for calendar year 2014, (ii) tax benefits of $3.4 million related to expiring statutes of limitations, (iii) state employment-based tax credits of $2.5 million, and (iv) tax benefits of $1.8 million related to tax deductions for energy efficient government buildings.