Income Taxes (Tables)

12 Months Ended

Oct. 31, 2014

Reconciliation of Company's effective tax rate from federal statutory rate

The following table provides a reconciliation of our effective tax rate from the federal statutory tax rate for the fiscal years ended October 31, 2014, 2013, and 2012 ($ amounts in thousands):



	2014				2013				2012
	$		%*		$		%*		$		%*
Federal tax provision at statutory rate	176,604		35.0		93,694		35.0		39,530		35.0
State tax provision, net of federal benefit	23,778		4.7		11,363		4.2		4,711		4.2
Domestic production activities deduction	(14,796	)	(2.9	)			—				—
Other permanent differences	(6,214	)	(1.2	)	(4,914	)	(1.8	)			—
Reversal of accrual for uncertain tax positions	(11,022	)	(2.2	)	(5,580	)	(2.1	)	(34,167	)	(30.3	)
Accrued interest on anticipated tax assessments	1,847		0.4		3,704		1.4		5,000		4.4
Increase in unrecognized tax benefits	5,694		1.1				—		5,489		4.9
Valuation allowance — recognized	1,328		0.3		3,232		1.2				—
Valuation allowance — reversed	(13,256	)	(2.6	)	(4,569	)	(1.7	)	(394,718	)	(349.5	)
Other	587		0.1		161		0.1		(49	)	—
Income tax provision (benefit)*	164,550		32.6		97,091		36.3		(374,204	)	(331.3	)



*	Due to rounding, amounts may not add.

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The following table provides information regarding the provision (benefit) for income taxes for each of the fiscal years ended October 31, 2014, 2013, and 2012 (amounts in thousands):



	2014		2013		2012
Federal	$	163,089	$	93,451	$	(329,277	)
State	1,461		3,640		(44,927		)
	$	164,550	$	97,091	$	(374,204	)

Current	$	129,047	$	23,209	$	(21,296	)
Deferred	35,503		73,882		(352,908		)
	$	164,550	$	97,091	$	(374,204	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

The following table provides a reconciliation of the change in the unrecognized tax benefits for the years ended October 31, 2014, 2013, and 2012 (amounts in thousands):



	2014			2013			2012
Balance, beginning of year	$	78,105		$	80,991		$	104,669
Increase in benefit as a result of tax positions taken in prior years	10,314			5,699			5,000
Increase in benefit as a result of tax positions taken in current year	442						5,489
Decrease in benefit as a result of completion of audits	(1,222		)				(1,782		)
Decrease in benefit as a result of lapse of statute of limitations	(29,321		)	(8,585		)	(32,385		)
Balance, end of year	$	58,318		$	78,105		$	80,991

Tax Benefits potential interest and penalties

The following table provides information as to the amounts recognized in our tax provision (benefit), before reduction for applicable taxes and reversal of previously accrued interest and penalties, of potential interest and penalties in the 12-month periods ended October 31, 2014, 2013, and 2012, and the amounts accrued for potential interest and penalties at October 31, 2014 and 2013 (amounts in thousands):



Expense recognized in Consolidated Statements of Operations and Comprehensive Income
Fiscal year
2014	$	9,694
2013	$	5,699
2012	$	5,000



Accrued at:
October 31, 2014	$	33,867
October 31, 2013	$	28,362

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of net deferred tax assets and liabilities at October 31, 2014 and 2013 are set forth below (amounts in thousands):



	2014			2013
Deferred tax assets:
Accrued expenses	$	61,023		$	53,992
Impairment charges	231,098			262,346
Inventory valuation differences	26,789			28,448
Stock-based compensation expense	50,255			48,014
Amounts related to unrecognized tax benefits	19,297			35,603
State tax, net operating loss carryforward	47,330			55,763
Other	12,030			20,369
Total assets	447,822			504,535
Deferred tax liabilities:
Capitalized interest	102,951			100,514
Deferred income	2,511			7,388
Expenses taken for tax purposes not for book	21,076			29,257
Depreciation	4,012			4,548
Deferred marketing	23,073			21,089
Total liabilities	153,623			162,796
Net deferred tax assets before valuation allowances	294,199			341,739
Cumulative valuation allowance - state	(43,778		)	(55,707		)
Net deferred tax assets	$	250,421		$	286,032