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INCOME TAXES
3 Months Ended
Jan. 31, 2019
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES
The Company’s estimated annual effective tax rate for the three months ended January 31, 2019 was 25.9%, as compared to (198.2)% for the three months ended January 31, 2018. During the first quarter of fiscal 2018, the revaluation of our deferred taxes using the tax rate enacted by the Tax Cuts and Jobs Act during that quarter resulted in the recognition of a $37.5 million discrete income tax benefit. There were no other material discrete items affecting either period. Excluding the effects of discrete items, the Company's estimated annual effective tax rates for the first three months of fiscal 2019 and 2018 would have been approximately 25.4% and 24.4%, respectively. The Company estimates its effective tax rate for the full fiscal year 2019, exclusive of discrete items, will be approximately 25.4%. As of January 31, 2019, the Company's long-term deferred income tax liability was $56.4 million as compared to $62.8 million at October 31, 2018, a decrease of $6.3 million.